● Fidelity predicts: Bitcoin could surpass gold's dominance at any time
According to Odaily Planet Daily, Fidelity Investments' Global Macro Director Jurrien Timmer analyzed the dynamic relationship between Bitcoin and gold, citing data from FMR Co and Bloomberg, pointing out the trend of changes in their Sharpe ratios.
Timmer stated that there is a negative correlation between gold and Bitcoin, and recently the Sharpe ratios of both have alternated in leading. The next leading moment may belong to Bitcoin, as its current Sharpe ratio is -0.40, while gold's is 1.33.
Data shared by Timmer shows that the return on gold is $22.51, while that on Bitcoin is $13.22, with gold's return magnified by 4 times to reflect its lower volatility, while Bitcoin's return remains unadjusted at 1 time.
● Bitcoin's market share has risen for 9 consecutive weeks to 64.85%
According to ChainCatcher, TradingView data shows that Bitcoin's market share (BTC.D) rose to 64.85%, marking 9 consecutive weeks of increase, returning to mid-January levels.
According to BlockBeats, Strategy founder Michael Saylor released Bitcoin Tracker related information again, stating: "Too much blue, not enough orange dots." According to previous patterns, Strategy always discloses Bitcoin accumulation information the day after relevant announcements.
● Ethereum's historical May performance: 6 instances of gains, 3 instances of losses
According to BlockBeats, on May 5, Coinglass data shows that since 2016, Ethereum has had gains in 6 out of 9 instances of May performance, with 3 losses. The highest gain occurred in May 2017, at 161.43%, while the largest loss was in May 2022, at 28.85%. From 2016 to present, the average return rate for Ethereum's May performance is 27.39%, with a median of 7.09%.
Binance published a blog announcing the signing of a strategic memorandum of understanding with the Kyrgyz Republic National Investment Agency to jointly promote the development of digital assets in the country. Highlights of the cooperation include introducing crypto payments through Binance Pay and promoting educational programs based on Binance Academy. This cooperation is an important step towards building a sustainable and innovation-friendly crypto ecosystem in the Central Asian region.
● Trump downplays recession concerns, states that the U.S. is in a transitional phase
According to Deep Tide TechFlow, on May 4 at 8:00 UTC, Trump stated in an interview that the U.S. economy can withstand a temporary recession. He believes that the U.S. is in a transformation period and is confident it will perform excellently in the end.
● Trump reiterates that the Federal Reserve should lower interest rates
According to PANews, Trump reiterated that the Federal Reserve should lower interest rates and stated that small businesses in the U.S. do not need any relief. He also mentioned that he will not consider dismissing Federal Reserve Chairman Powell before his term ends in 2026.
● Musk changes X nickname and avatar to align with Grok updates
According to Deep Tide TechFlow, on May 5, Grok launched its voice mode. To align with Grok updates, Musk changed X's nickname to "groklon rust" and modified the avatar.
