● Macro Outlook: Multiple Federal Reserve Officials to Deliver Important Speeches
According to Deep Tide TechFlow, the Federal Reserve will have several important events next week. On Thursday at 2:00 AM UTC+8, the Federal Reserve's FOMC will announce its interest rate decision. Following that at 2:30 AM, Federal Reserve Chairman Powell will hold a monetary policy press conference. On Friday at 6:15 PM, FOMC permanent voting member and New York Fed President Williams will deliver a keynote speech at the Reykjavik Economic Conference. On Friday at 8:00 PM, Federal Reserve Governor Cook will speak. On Friday at 10:00 PM, Chicago Fed President Goolsbee will deliver a welcome and opening address at a Federal Reserve event. On Friday at 10:40 PM, Federal Reserve Governor Barr will speak. On Friday at 11:30 PM, Williams will deliver a speech at the Hoover Monetary Policy Conference via a pre-recorded video.
● US tariff revenue in April exceeds $17 billion
According to BlockBeats, the Trump administration collected over $17.4 billion in 'tariffs and certain excise taxes' in April, nearly double the $9.6 billion revenue from March, and far exceeding any revenue during Trump's first term.
Since January 1, these tariffs have injected over $70 billion into the government's revenue. Trump previously stated on a program that with billions of dollars in tariff revenue flowing in, the US is 'just getting started'.
● Arizona Governor vetoes the state's Bitcoin strategic reserve bill SB 1025
According to Cointelegraph, Arizona Governor Katie Hobbs vetoed a bill that would have allowed the state to hold Bitcoin as an official reserve, ending Arizona's efforts to become the first state to adopt this policy. The digital asset strategic reserve bill would have allowed Arizona to invest seized funds into Bitcoin, managed by state officials. The bill was officially vetoed on the state legislative website.
Hobbs stated that Arizona's retirement system is one of the strongest in the nation because it makes prudent investments. She believes retirement funds should not be used for untested investments like virtual currencies. Another bill, SB1373, allows the state treasurer to invest up to 10% of the emergency fund in digital assets, which has not yet undergone a final vote.
● Trader Eugene: Lack of Bitcoin allocation may lead to lower returns than traditional stock markets
According to Odaily Planet Daily, trader Eugene stated that if there is a lack of core Bitcoin allocation in a portfolio, its risk-adjusted returns are generally lower than those of traditional stock market indices. Compared to the 2019-2022 cycle, the overall performance of crypto assets has fallen short of that of traditional assets. The compound growth of ETH, SOL, and TOTAL3 has not exceeded the US stock benchmark.
As the crypto market matures and the public allocation ratio increases, the era of achieving financial freedom through crypto assets is fading. In the future, holding only crypto assets without allocating BTC or leveraged BTC may be a strategic mistake. Even in periods of heightened risk appetite, a 2x long position in BTC may outperform other high-beta coins.
● Analysts predict low VIX could drive Bitcoin price to $135,000
According to Cointelegraph, Bitcoin network economist Timothy Peterson believes Bitcoin is expected to reach a new high in 2025. His model predicts that if the VIX remains low, Bitcoin will reach $135,000 within 100 days. Fidelity's Global Macro Director Jurrien Timmer noted that Bitcoin's dual properties set it apart from gold.
Additionally, CryptoQuant data shows that the market capitalization of stablecoins has reached a record $220 billion, marking a surge in liquidity in the crypto market. The funding rate for Bitcoin futures has turned negative again, indicating increased market bets on Bitcoin rising, which could lead to a short squeeze, pushing the Bitcoin price to $100,000.
● Nansen CEO: Ethereum's dominance declines
According to Cointelegraph, Nansen CEO Alex Svanevik stated that Ethereum's relative dominance in Layer 1 blockchain networks is declining as competition for Web3 platforms intensifies. Although Ethereum remains the most popular L1 network, DefiLlama data shows its total locked value (TVL) is around $52 billion, accounting for 51% of cryptocurrencies. However, since 2021, Ethereum's dominance has significantly decreased when it controlled 96% of the TVL.
Svanevik pointed out that multiple L1s are competing to become the preferred platform for transactions and blockchain applications. Solana leads due to its fast transaction speeds and low fees, surpassing Ethereum in metrics like active addresses and trading volume.
● Arthur Hayes: US Treasury pressures and image issues may hinder the US's Bitcoin accumulation
According to Foresight News, BitMEX co-founder Arthur Hayes stated that despite the US government currently holding about 198,000 Bitcoins (worth over $18 billion), it is unlikely to increase its Bitcoin reserves through direct purchases due to pressures from national debt and the 'player' image of Bitcoin investors.
● TRON DAO official account hacked, users need to be wary of malicious information
According to ChainCatcher, TRON DAO reported on the X platform that its official account was hacked at 9:25 AM Pacific Time on May 2, 2025 (12:25 AM May 3, UTC+8). The attacker posted messages containing contract addresses, sent private messages, and followed unfamiliar accounts. The official emphasized that it never publishes contract addresses or sends private messages proactively, and users who received related messages on May 2 should delete them immediately and treat them as malicious activity.
TRON DAO stated that the incident originated from a team member falling victim to a social engineering attack. After the account was stolen, even after access was restored, the attacker continued to attempt to profit by posting content using the main account. The incident is currently under investigation, and relevant information has been submitted to law enforcement agencies, with accountability measures underway.
