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According to BlockBeats, Goldman Sachs has revised its forecast for the next Federal Reserve interest rate cut, now expecting it to occur in July instead of June. This adjustment follows the release of strong non-farm employment data.

According to PANews, recent data from Lookonchain reveals notable activity in U.S. cryptocurrency ETFs. On May 2, ten U.S. Bitcoin ETFs recorded a net inflow of 3,215 BTC. Among these, BlackRock saw an inflow of 3,636 BTC, bringing its total holdings to 607,685 BTC, valued at approximately $58.86 billion. Conversely, nine Ethereum ETFs experienced a net outflow of 358 ETH. Grayscale ETHE was the most affected, with an outflow of 4,070 ETH. Currently, Grayscale ETHE holds 1,140,412 ETH, valued at around $2.09 billion.

According to PANews, Goldman Sachs has revised its forecast for the next Federal Reserve rate cut, now anticipating it to occur in July instead of June. This adjustment comes in response to robust non-farm employment figures, which have influenced the bank's expectations for monetary policy changes.

According to BlockBeats, the FTSE 100 Index in the United Kingdom has risen above its closing level from April 2. This recovery marks the index's rebound from the declines experienced following U.S. President Donald Trump's announcement of tariffs.

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, U.S. President Donald Trump's economic advisor, Milan, expressed surprise if there are no changes to tariffs in the coming weeks.

According to BlockBeats, U.S. stock index futures experienced an increase, with the S&P 500 futures rising by 1%, Dow Jones futures up by 0.8%, and Nasdaq futures gaining 0.77%. This development reflects a positive trend in the market.

According to Binance Market Data, BNB crossed the 600 USDT benchmark and is now trading at 600.210022 USDT, with a 0.46% decrease in 24 hours.

According to Foresight News, Google is implementing privacy-focused upgrades to its Wallet service by incorporating zero-knowledge proof (ZKP) technology for age verification. This technology will be selectively applied to other Google products and will be used in collaboration with applications like Bumble. These applications will utilize Google Wallet's digital ID for user identity verification and ZKP for age verification. Additionally, Google plans to open-source its ZKP technology to other wallets and online services.

According to Cointelegraph, XRP is currently experiencing its most sustained phase of spot premium, marking a period where the spot market is trading at stronger levels compared to perpetual futures. This suggests real buying demand rather than speculative futures trading. Historically, XRP's major price peaks since 2020 have been driven by the perpetual futures market, leading to sharp price drops due to excessive speculation. However, the current spot premium indicates that actual buyers are driving the rally, pointing to a more stable price rise. Further supporting the notion of real demand, data from Glassnode reveals a consistent increase in the number of XRP addresses holding at least 10,000 tokens since late November 2024. Despite a 35% price pullback between January and April, the count of larger holders, often seen as patient or strategic investors, has continued to rise. This accumulation suggests anticipation of further gains, fueled by optimism surrounding the potential approval of a spot XRP ETF in the United States. The U.S. Securities and Exchange Commission's decision to drop its lawsuit against Ripple has also contributed to positive market sentiment. XRP's price movement is currently consolidating within a falling wedge pattern on the weekly chart, characterized by downward-sloping, converging trendlines. In technical analysis, this pattern is typically viewed as a bullish reversal signal. A confirmed breakout would require a clear move above the wedge's upper resistance near $2.52. If XRP successfully breaks this level, the pattern's measured move suggests a potential rally toward $3.78 by June, representing an estimated 70% upside from current prices. Conversely, if XRP fails to break above the $2.52 resistance, the price could pull back toward the wedge's lower trendline, with the pattern's apex near $1.81 acting as the final potential breakout point. A breakout from the $1.81 level would maintain the pattern's structure, with a potential upside target around $3 by June or July, approximately 35% above current levels. Readers are advised to conduct their own research before making investment decisions, as every trading move involves risk.

According to TechFlow, recent monitoring by Lookonchain revealed that three newly created wallet addresses have withdrawn a total of 145,000 SOL from a centralized exchange within the past hour. The value of this transaction is approximately $21.8 million.

According to PANews, Tether CEO Paolo Ardoino has announced plans for the company to introduce a unique new product, likely a payment solution. In an interview with CNBC, Ardoino revealed that Tether aims to develop a product suitable for institutional use, positioning it as a competitor to PayPal's CashApp.

According to Odaily, Nick Timiraos, known as the 'Fed's Mouthpiece,' has indicated that the April employment report diminishes the chances of a rate cut in June. Despite the considerable time remaining until June, only one more employment report is expected before then. As of now, this suggests that the Federal Reserve does not need to make any statements regarding the June meeting next week.

According to Cointelegraph, the United Kingdom's Financial Conduct Authority (FCA) is set to implement a ban on retail investors borrowing money to fund cryptocurrency investments. This move is part of a broader set of upcoming regulations aimed at the crypto market. David Geale, the FCA's executive director of payments and digital finance, emphasized the potential for growth in the UK's crypto sector but stressed the need for appropriate consumer protection measures. Geale refuted claims that the FCA is antagonistic towards the crypto industry, instead highlighting the high-risk nature of crypto investments and the need for enhanced consumer safeguards. He stated, "We are open for business," indicating a willingness to engage with the industry while ensuring safety. The FCA's initiative follows its call for feedback on crypto market regulation. The regulator is considering whether to restrict firms from accepting credit as a means for consumers to purchase crypto assets. The FCA's forthcoming rules aim to regulate various aspects of the domestic cryptocurrency market, including trading platforms, intermediaries, crypto lenders and borrowers, and decentralized finance (DeFi) systems. The proposed regulations are expected to be more stringent for services targeting retail investors compared to those for professional or sophisticated investors. Geale noted that the FCA seeks to create a regulatory framework that is both safe and competitive, with the goal of attracting businesses to the UK. The planned ban on lending for crypto purchases is driven by concerns over unsustainable debt, particularly if the value of crypto assets declines and consumers are unable to repay their loans. This ban would extend to credit card purchases as well. Despite FCA research from 2024 indicating that the majority of crypto purchases are made using disposable cash or income, there is a notable increase in credit-based purchases, rising from 6% in 2022 to 14% in 2024. The FCA also intends to prevent retail investors from accessing crypto lenders and borrowers, citing issues such as market manipulation, conflicts of interest, settlement failures, lack of transparency, illiquidity, and unreliable trading systems. To address these concerns, the FCA plans to enforce equal trade treatment by crypto trading platforms and may introduce rules to separate proprietary trading activities from those conducted for retail investors. Additionally, the FCA will require transparency in trade pricing and execution. Trading platforms will be prohibited from paying intermediaries for order flow, and users of staking services will need to be compensated for any losses caused by third parties. The FCA plans to exempt DeFi systems without centralized operations, provided they do not have a "clear controlling person."

According to BlockBeats, analyst Chris Anstey highlighted ongoing discussions regarding whether the latest employment report reflects the 'Biden economy' or the 'Trump economy.' The report shows an increase of 10,000 government jobs and 70,000 positions in healthcare and education, accounting for nearly half of April's non-farm employment growth. These job categories are not the focus of U.S. President Donald Trump's administration, which has seen a decline in factory employment. Consequently, this monthly non-farm report is not ideal for the White House.

According to PANews, U.S. interest rate strategist Ira Jersey has indicated that the Federal Reserve will wait until the labor market weakens and concerns over tariff-related inflation subside before reducing interest rates. However, once the decision to cut rates is made, it is expected to be aggressive. Jersey suggests that the market may have incorrectly priced the timing of the rate cuts, but the extent of the cuts might be accurately assessed. It is anticipated that the Federal Reserve could lower rates to 3%, starting at the end of this year, with a rapid pace of reduction. Previously, Nick Timiraos, known as the 'Fed Whisperer,' noted that the April employment report has decreased the likelihood of a rate cut in June, despite the time remaining until then. This is because only one more employment report will be released before June. As it stands, this implies that the Federal Reserve does not need to make any statements regarding the June meeting in the upcoming week.

According to BlockBeats, Gregory Faranello, Head of U.S. Rates Trading and Strategy at AmeriVet Securities, has highlighted potential issues in the employment market due to the impact of tariff and tax policies. Despite these challenges, the Federal Reserve is expected to maintain its current stance, as employment remains a crucial driver of economic growth. Previously, Lindsay Rosner, Head of Multi-Sector Fixed Income Investments at Goldman Sachs Asset Management, noted that the robust labor market data allows the Federal Reserve to exercise patience in its policy decisions.

According to BlockBeats, the U.S. economy maintained steady job growth in April despite changes in tariff announcements and market volatility. The U.S. Department of Labor reported on Friday that 177,000 jobs were added in April, surpassing the expected 130,000 but slightly below the 185,000 increase seen in March. Federal government layoffs contributed to the slower growth, with a reduction of 9,000 jobs in April. James Knightley, an economist at ING Financial Markets, noted that while there is ample time to prepare for widespread layoffs, there is a need to brace for significantly weaker employment numbers and the threat of a substantial hiring slowdown.

According to PANews, U.S. President Donald Trump has stated that tariffs have generated billions of dollars in revenue. He described the current situation as a transitional phase and urged the Federal Reserve to lower interest rates.

According to BlockBeats, market sources indicate that U.S. President Donald Trump's team is readying options to exert pressure on Russia to bring an end to the ongoing conflict. This development highlights the administration's strategic approach to international diplomacy and conflict resolution.