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$BTC Bitcoin’s BTC $94,410 price has dropped by 4.3% in the last three days after nearly reaching $97,900 on May 2. Despite showing resilience at the $94,000 level on May 5, some traders are disappointed that strong institutional inflows have not been enough to maintain bullish momentum. However, several encouraging signs suggest that a new all-time high for Bitcoin in 2025 remains within reach.

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#USHouseMarketStructureDraft The draft bill unveiled by Chairman French Hill states that it partially limits the disclosure obligations of virtual asset projects. It was reported that developers must raise capital under the supervision of the SEC and register with the CFTC, thereby clarifying the jurisdiction of the two agencies. The House Financial Services Committee announced that it will hold a hearing on the 'Future of Virtual Assets' on the 6th to discuss the draft bill. French Hill, Chairman of the US House Financial Services Committee, has unveiled a draft bill on the structure of the virtual asset (cryptocurrency) market. According to CoinDesk, a virtual asset-focused media outlet, the draft is a follow-up version of the '21st Century Financial Innovation and Technology Act (FIT21, Virtual Asset Market Structure Bill)' passed in the last session, which partially limits the disclosure obligations of projects. Additionally, it stipulates that developers must raise capital under the supervision of the Securities and Exchange Commission (SEC) or register with the Commodity Futures Trading Commission (CFTC) for virtual asset trading, clearly delineating the jurisdiction of the two regulatory bodies. The House Financial Services Committee's Subcommittee on Digital Assets is scheduled to hold a hearing on the 'Future of Virtual Assets' on the 6th to discuss the draft bill.

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#FOMCMeeting When the Federal Reserve decides what to do with interest rates to manage the economy, the data usually speaks for itself. Policymakers, for instance, knew they needed to rush to cut interest rates in 2020 as the gears of commerce came to a screeching halt at the onset of the coronavirus pandemic. Two years later, when inflation surged to a 40-year high and jobs were plentiful, the central bank hiked borrowing costs to cool off the economy and bring prices back in check. Those days may now be over. President Donald Trump’s trade war is roiling business, consumer and investor confidence, threatening to derail hiring and spending while also raising the risk of a recession, economists say. At the same time, the extent of those tariff hikes is threatening to push up prices across the country as the cost of importing foreign goods and materials becomes more expensive. could put the Fed’s two jobs — keeping prices stable while also maintaining a healthy labor market — at odds with each other. And there’s a lot at stake, as Trump steps up his pressure on the U.S. central bank to cut interest rates. If both Americans’ cost-of-living and job prospects soon need saving, the U.S. central bank’s next moves might come down to individual preferences on how each official is reading the data, a level of subjectivity that might open it up to even more scrutiny. “Whatever they do, it will be interpreted politically,” said Vincent Reinhart, chief economist at BNY Investments, who spent more than two decades at the Fed. “If the May meeting comes and goes with an unchanged policy stance, then the headline is going to be, ‘Fed ignores the president.’ And if they were surprisingly to ease policy, the headline would be, ‘Fed bows to president.'” For now, officials seem inclined to stand pat as they wait to assess the total impact of Trump’s policies.

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About Space and Time Space and Time is a pioneering Web3 data platform revolutionizing trustless data processing through its Verifiable Compute Layer. By leveraging zero-knowledge (ZK) proofs, it delivers sub-second, cryptographically verified SQL query results, enabling seamless integration of on-chain and off-chain datasets into smart contracts. Their flagship technology, Proof of SQL, ensures accurate data computation, powering advanced DeFi, AI-driven applications, and blockchain analytics. Space and Time’s SXT Chain, currently in testnet, supports ZK-proven data processing, while their native SXT token incentivizes ecosystem participation. With $50 million in funding, including a $20 million Series A, and partnerships with networks like Sui and Karak, the company is at the forefront of scalable, secure data solutions for Web3. Developers can access tools via spaceandtime.io and github.com/spaceandtimelabs to build applications with unparalleled data integrity. $BNB

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#ElonMusk. Anthony Scaramucci, the founder of SkyBridge Capital and a former White House communications director, said that in his opinion, Elon Musk will probably include cryptocurrencies in his "super app" project. Musk's app is sending messages, It is an all-in-one platform that integrates payment and social networks in one place. While Musk is not sure whether he will use stablecoins or other digital assets, Scaramucci is confident that the Cryptocurrency Musk Platform will be included. Although Scaramucci has not yet spoken directly with Musk, he has said he is in contact with the management teams of his companies, including SpaceX, X AI and X. Musk also intends to turn his X (formerly Twitter) into an "everything app" like China's WeChat. In the second half of 2025, X partnered with Visa to launch a digital wallet called X Money Account. This allows for bank to wallet transfers and individual payments. In addition, Musk has also stated that his companies will not issue their own crypto tokens. But if you look at Musk's expansion of this financial service, Scaramucci said, it indicates the potential of integrating with cryptocurrencies in the future. Scaramucci described the Trump administration's crypto-friendly regulations as a positive thing. Tariff policies were criticized. In addition to that, in his opinion, Bitcoin will remain strong even if there is a recession.

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