📰 Key News & Trends

📊 Ethereum ETF Flows: Fidelity’s Ethereum ETF attracted $5.8 million in inflows on May 1, while BlackRock reported zero inflows.

📊 Bitcoin ETF Activity: Invesco and VanEck’s Bitcoin ETFs both reported zero net inflows on May 1. Notably, VanEck has committed 5% of its profits to Bitcoin developers.

📊 Market Volatility: Bitcoin’s price swings have led to increased market volatility, prompting traders to closely monitor movements.

📊 USA-Ukraine Minerals Deal: The USA and Ukraine have secured a strategic minerals agreement, which could impact the global supply chain and potentially affect crypto mining operations.

📊 Dubai’s Crypto Scene: The TOKEN2049 conference in Dubai attracted around 15,000 attendees, highlighting the city’s growing role as a crypto hub. Despite a 12% drop in Bitcoin prices from their peak, the industry saw robust investment, with $5.4 billion in global venture capital funding in Q1 2025.