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According to CoinMarketCap data, the global crypto market cap is $2.97T, a 0.63% decrease over the last day.Bitcoin (BTC) traded between $95,423 and $96,509 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $95,487, down by 0.87%Most major cryptocurrencies by market cap are trading lower. Market outperformers include ASR, STPT, and ATM, up by 50%, 24%, and 19%, respectively.Top stories of the day:Trump Acknowledges Potential Temporary U.S. Economic Recession Amid Transition Bitcoin Market Dominance Reaches 64.85% After Nine Weeks of Growth Bitcoin Volatility Declines Amid Market StabilizationU.S. Tariff Revenue Surges in April Under Trump AdministrationKey Economic Events and Data Scheduled for Next WeekFidelity Suggests Bitcoin May Surpass Gold in PerformanceBitcoin Could Hit $135K Within 100 Days, Analysts SayEthereum’s Era of Dominance Is Fading as Solana, Other L1s Emerge as ContendersBinance Partners with Kyrgyzstan to Boost Crypto DevelopmentMubarak Interview: Binance Vote-to-List Winner Blends Meme Culture, Ramadan Timing, and Middle Eastern IdentityMarket movers:ETH: $1824.66 (-0.10%)XRP: $2.1813 (-0.85%)BNB: $593.89 (-0.47%)SOL: $144.83 (-1.88%)DOGE: $0.17376 (-3.05%)ADA: $0.6892 (-1.75%)TRX: $0.2479 (-0.28%)WBTC: $95408.86 (-0.91%)TRUMP: $10.92 (-15.09%)SUI: $3.207 (-5.36%)

According to BlockBeats, several significant economic events and data releases are scheduled for next week.On Monday, the United States will release the April ISM Non-Manufacturing PMI data.Tuesday marks the beginning of the European Central Bank's Central Banking Forum, which will continue until May 7.On Thursday, the Federal Reserve's Federal Open Market Committee (FOMC) will announce its interest rate decision at 2:00 AM UTC+8. Following this, Federal Reserve Chair Jerome Powell will hold a monetary policy press conference at 2:30 AM UTC+8.Friday will feature a keynote speech by FOMC permanent voting member and New York Federal Reserve President John Williams at the 2025 Reykjavik Economic Conference. Additionally, Federal Reserve Governor Kugler will deliver a speech, and 2025 FOMC voting member and Chicago Federal Reserve President Goolsbee will provide welcoming and opening remarks at a Federal Reserve event. Federal Reserve Governor Barr will also speak.

According to CoinMarketCap data, the global crypto market cap is $3T, a 0.36% decrease over the last day. Bitcoin (BTC) traded between $96,133 and $97,896 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $96,325, down by 0.40%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include STO, BROCCOLI714, and PSG, up by 113%, 16%, and 15%, respectively.Top stories of the day:Apple Ordered to Drop App Store Fee Restrictions, Opening the Door for Crypto Payments and NFTsCME Reports Significant Growth in April Derivatives Trading VolumeArizona Governor Vetoes Digital Asset Reserve BillFederal Reserve Likely to Maintain Interest Rates in MayS&P 500 Achieves Longest Winning Streak Since 2004Strong Employment Data Delays Federal Reserve Rate Cut ExpectationsU.S. and Japan to Enhance Trade DiscussionsKey IRS Crypto Project Leaders Depart Amid DOGE ProgramBitcoin Outperforms Major Indices and Tech Stocks in Recent SurgeMarket Reacts Positively to Employment Data Amid Tariff ConcernsMarket movers:ETH: $1826.45 (+0.11%)XRP: $2.2001 (-0.42%)BNB: $596.7 (-0.30%)SOL: $147.62 (-1.39%)DOGE: $0.17922 (-0.63%)ADA: $0.7015 (-0.67%)TRX: $0.2487 (+1.55%)TRUMP: $12.87 (+2.88%)WBTC: $96285.98 (-0.38%)SUI: $3.3886 (-2.25%)

According to PANews, the Chicago Mercantile Exchange (CME) has released its market statistics for April, revealing a substantial increase in trading activity. The average daily volume (ADV) of futures contracts on the platform reached 35.9 million, marking a 36% year-over-year growth. Notably, the cryptocurrency futures segment experienced a remarkable 129% increase in daily trading volume.Among the highlights, the micro Bitcoin futures contracts saw a 115% rise in average daily volume, reaching 78,000 contracts. Similarly, micro Ethereum futures contracts experienced a 165% increase, with an average daily volume of 63,000 contracts. Additionally, Ethereum futures contracts recorded a significant 239% growth, achieving an average daily volume of 14,000 contracts.

According to BlockBeats, Arizona Governor Katie Hobbs has vetoed a bill passed by the state's House and Senate that proposed the creation of a 'Digital Asset Strategic Reserve.' The legislation, known as SB 1025, would have permitted the state's treasury and pension systems to invest up to 10% of available funds in virtual currencies, with a particular focus on Bitcoin. Governor Hobbs described cryptocurrencies as 'unverified investments,' leading to her decision to reject the bill.

According to BlockBeats, the CME's FedWatch tool indicates a 97.2% probability that the Federal Reserve will keep interest rates unchanged in May. There is a 2.8% chance of a 25 basis point rate cut.

According to Foresight News, Bank of America has announced its willingness to issue its own stablecoin, contingent upon the enactment of relevant legislation by Congress. As the second-largest lending institution in the United States, Bank of America is poised to enter the stablecoin market if legislative conditions permit. CEO Brian Moynihan has affirmed the bank's readiness to explore this business area, highlighting the potential for expansion into digital currency offerings.

According to Odaily, the S&P 500 index has experienced its ninth consecutive day of gains, marking the longest winning streak since 2004. In just two weeks, the U.S. stock market has robustly recovered all losses incurred in early April due to U.S. President Donald Trump's comments on 'reciprocal tariffs.'

According to BlockBeats, recent robust non-farm employment data has led financial institutions Goldman Sachs and Barclays to predict that the Federal Reserve's next interest rate cut may not occur until July. Goldman Sachs maintains its forecast of three 25-basis-point rate cuts in 2025, scheduled for July, September, and December. However, the firm cautions that if employment data continues to show strength, the timing of these rate cuts could be further delayed.

According to PANews, on May 3, two pivotal figures in the U.S. Internal Revenue Service's (IRS) cryptocurrency projects, Seth Wilks and Raj Mukherjee, have resigned. Their departure, effective this Friday, is part of the government's 'DOGE Deferred Departure Program.' Both Wilks and Mukherjee joined the IRS in 2024, bringing their expertise from the cryptocurrency industry to spearhead the development of crypto tax policies and lead the creation of the new 1099-DA tax form.

According to BlockBeats, Nasdaq-listed Thumzup Media Corporation has filed an S-3 registration statement with the U.S. Securities and Exchange Commission (SEC). The company aims to issue common stock, warrants, units, or rights, with a total value of up to $200 million. The funds raised are intended for general corporate purposes, including acquiring Bitcoin as a primary reserve asset and managing operational expenses.

According to Cointelegraph, merchants in Cannes, France, renowned for hosting the international Cannes Film Festival, are preparing to accept cryptocurrency payments by summer 2025. This initiative aims to attract clientele with high disposable income by modernizing the city's commercial payment ecosystem. Artem Shaginyan, founder and head of strategy at Web3 payment company Lunu Pay, revealed that the Cannes municipal government is targeting a 90% adoption rate among local merchants. Shaginyan emphasized the significance of this move, stating, "This is a big signal. When a city like Cannes, known globally for culture and commerce, starts integrating crypto at scale, it shows that Web3 payments aren’t just a niche thing anymore. It’s about proving that crypto can work in everyday settings, not just online or in theory." In February, Cannes Mayor David Lisnard announced a training session for business owners and professionals to promote the widespread acceptance of crypto payments in the city.Cannes' shift toward embracing cryptocurrencies reflects a broader trend of crypto adoption by city, state, and federal governments as these institutions seek to remain competitive on the global stage. Other jurisdictions have also taken steps to modernize with crypto. In December 2023, the Swiss city of Lugano began accepting Bitcoin (BTC) and stablecoin payments for taxes and municipal fees as part of its initiative to become a global crypto hub. In the United States, Governor Jared Polis of Colorado directed the state's Department of Revenue to start accepting crypto tax payments in September 2022. Similarly, the Canadian city of Vancouver passed a motion in December 2024 to explore integrating Bitcoin into the city's financial system and potentially adopting a Bitcoin treasury strategy. More recently, in April 2025, Panama City announced that taxes and municipal fees could now be paid in crypto, including Bitcoin, Ether (ETH), Circle's US-dollar stablecoin (USDC), and Tether's USDt (USDT) token. Panama City Mayor Mayer Mizrachi suggested that this move would modernize the city and bring increased investment as well as global recognition.

According to BlockBeats, Chris Zaccarelli, Chief Investment Officer at Northlight Asset Management, noted that the market experienced relief today due to employment data exceeding expectations. Despite ongoing concerns about a potential economic recession, the momentum for buying on dips may persist, at least until the tariff suspension concludes.Zaccarelli highlighted that if U.S. President Donald Trump's administration continues with its initial tariff plans, financial markets will react accordingly. Unless a different strategy is adopted when the 90-day suspension period ends in July, market movements similar to those seen in the first week of April are anticipated. Should the Trump administration adjust its tariff policy, altering the ultimate goals and granting exemptions for unreasonable tariff levels, the real economy could readjust, allowing the market to stabilize. However, Zaccarelli cautioned that challenges remain ahead.

According to BlockBeats, the United States reported an unemployment rate of 4.2% for April, matching both the forecast and the previous month's figure. This stability in the unemployment rate indicates a consistent labor market performance during this period.

According to Binance Market Data, Bitcoin (BTC) crossed the 97,000 USDT benchmark and is now trading at 97,004.242188 USDT, with a 0.90% increase in 24 hours.

According to CoinMarketCap data, the global crypto market cap is $3.02T, a 0.35% increase over the last day.Bitcoin (BTC) traded between $95,299 and $97,424 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $96,711, up by 1.44%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include TURBO, FTT, and FUN, up by 18%, 17%, and 17%, respectively.Top stories of the day:Inflation Slowdown Fuels Fed Rate Cut Expectations Amid Mixed Economic Performance Tether's Q1 2025 Financial Report Reveals Significant US Treasury ExposureArthur Hayes Declares Current Period as Altcoin Season Crypto Market Sentiment Shifts to Greed as Index Rises Bitcoin's MVRV Ratio Returns to Positive, Indicating Market Recovery Metaplanet to Issue Bonds for Bitcoin Acquisition Goldman Sachs to Expand Digital Asset Trading and Explore Tokenization BlackRock Seeks SEC Approval for Blockchain-Based Stock Class Trump to Present 2026 Fiscal Budget Proposal to Congress U.S. Unemployment Claims in Late April Exceed ExpectationsMarket movers:ETH: $1824.51 (+0.30%)XRP: $2.2095 (+0.00%)BNB: $598.46 (-0.47%)SOL: $149.7 (-0.70%)DOGE: $0.18035 (+2.33%)ADA: $0.7061 (+1.16%)TRX: $0.2448 (-1.53%)WBTC: $96632.9 (+1.44%)TRUMP: $12.51 (-5.08%)SUI: $3.4667 (-2.23%)

The Alternative data indicates that the crypto Fear and Greed Index has increased to 67 today, up from 53 yesterday, signaling a shift in market sentiment to 'greed.'The Fear and Greed Index ranges from 0 to 100 and is composed of several indicators: volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin's proportion in the overall market (10%), and Google keyword analysis (10%).

02 May 2025Macro/TradFiUS GDP shrank 0.3 per cent in Q1 2025, marking the first quarter of negative growth in three years, as global trade rifts hit the economy.SEC Chair Paul Atkins signals a pro-crypto shift, advocating for clearer digital asset regulations and a potential reversal of restrictive policies in his first public remarks at a crypto roundtable.Morgan Stanley plans to offer crypto trading through E*Trade by 2026, expanding access to digital assets for its wealthiest clients, who already have exposure to crypto ETFs and futures.BlackRock files to offer tokenized shares of its $150 billion Treasury Trust Fund via BNY Mellon.Nasdaq files a 19b-4 proposal to list and trade shares of 21Shares’ Dogecoin ETF, with Bloomberg analysts estimating a 75% approval chance, though the SEC delayed Bitwise’s application.21Shares files for a spot SUI ETF in the United States, expanding its crypto ETF offerings beyond Bitcoin and Ether.Strategy acquires 15,355 BTC for $1.42 billion, bringing its total holdings to 553,555 BTC, valued at $52 billion, funded by selling $1.4 billion in class A common stock and $37.5 million in STRK preferred shares.CryptoL1/L2:Developers introduce Ethereum R1, a new Layer 2 solution aimed at improving scalability and reducing transaction costs on the Ethereum network.1inch launches on Solana, planning cross-chain swaps.Sony's Soneium blockchain partners with Plume to offer access to real-world asset (RWA) products.Others:ARK Invest raises its 2030 bull-case bitcoin price projection to $2.4 million, citing aggressive modeling and growing institutional adoption.A suspicious transaction involving 3,520 BTC sparks a Monero price spike, with ZachXBT suggesting it may be theft-related.Hong Kong proposes a licensing regime for stablecoin issuers, aiming to regulate fiat-backed stablecoins by 2025, with penalties for non-compliance.The EU considers stricter regulations on stablecoin transactions, potentially requiring issuers to hold higher reserves and imposing limits on transaction volumes.Sam Altman’s eye-scanning crypto project Worldcoin launches in the U.S..Strategy reports a Q1 earnings miss but raises its 2025 bitcoin gain target to $15 billion, reflecting confidence in long-term crypto growth.Latest Binance Research Publications Check out our latest publications:Pectra and Fusaka Upgrades: What does it mean for Ethereum?Tariff Escalation and Crypto Markets: Impact AnalysisMonthly Market Insights - April 2025That’s a wrap!Binance ResearchAbout Binance Research: Binance Research is the research arm of Binance, the world's leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.General Disclosure: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, cryptocurrencies or to adopt any investment strategy. The use of terminology and the views expressed are intended to promote understanding and the responsible development of the sector and should not be interpreted as definitive legal views or those of Binance. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ’forward looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies or any investment strategy nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.

According to Binance Futures data, over the past 24 hours, the BTC/USDT, ETH/USDT, SOL/USDT, XRP/USDT and SUI/USDT trading pairs led the USD-M perpetual futures market in trading volume.BTC/USDT perpetual futures long/short ratio: 0.78, funding rate: 0.0059%.ETH/USDT perpetual futures long/short ratio: 2.42, funding rate: 0.0091%.SOL/USDT perpetual futures long/short ratio: 2.09, funding rate: 0.0041%.XRP/USDT perpetual futures long/short ratio: 2.74, funding rate: 0.0098%.SUI/USDT perpetual futures long/short ratio: 1.2, funding rate: 0.0100%.