• The Most Published News
Bitcoin climbed above $97,000 following news of planned U.S.-China talks in Switzerland, which boosted risk appetite among investors. Gold fell and Nasdaq futures rallied as market sentiment shifted toward risk-on positions. Experts indicated that while the rally was partly unexpected ahead of a possible Fed rate decision, geopolitical uncertainties may further drive Bitcoin's appeal as a hedge.

• Current Market Trends
Bitcoin traders are showing moderate risk aversion ahead of Federal Reserve Chair Jerome Powell’s upcoming comments, increasing demand for protective put options amid market uncertainty. Meanwhile, Ethereum price may see a potential rebound driven by whale accumulation, favorable on-chain data, and upcoming technological upgrades, with analysts targeting a price of $2,500 despite macroeconomic uncertainties. Bitcoin whale wallets tied to Silk Road recently moved over 3,400 $BTC after 12 years of dormancy, drawing attention to significant on-chain activity from historically relevant holders.

• Regulations and Policies
New Hampshire has become the first state to authorize its treasurer to invest in Bitcoin and other cryptocurrencies by signing a new bill. The legislation sets a $500 billion market cap threshold, effectively limiting the qualified investment to Bitcoin. This move may influence other states to consider similar legislative actions while drawing mixed reactions from state lawmakers.
Florida’s withdrawal of Bitcoin reserve legislation marks a cautious stance on state-level Bitcoin investments, contrasting with Arizona’s ongoing pursuit of similar bills. Additionally, several prominent crypto figures—including Sam Bankman-Fried and Binance’s CZ—are actively seeking presidential pardons during Donald Trump’s second term, employing costly legal strategies in a politically charged environment. This highlights the intersection of regulatory/legal risks and political considerations impacting the crypto industry.

• Technology and Innovation
Bitcoin Core developers plan to remove the 80-byte limit on OP_RETURN in the next software update to clean up the UTXO set and standardize behavior, though this has raised debate within the community over potential network bloat. In parallel, Web3 infrastructure grows with the launch of .DEPIN and .XYO domains by Unstoppable Domains and XYO, creating verified onchain identities to support the $18.8 billion Decentralized Physical Infrastructure Network (DePIN) market. On the developer front, Alchemy is boosting Mini App creation on the World network in the US by offering free infrastructure support and incentives, aiming to stimulate blockchain application innovation.

• Institutional Investor News
@BlackRock’s recent acquisition of an additional 5,613 $BTC underscores a continued institutional commitment to Bitcoin, pushing their holdings above 620,000 $BTC. A speculative report suggests that Berkshire Hathaway, with $347 billion in cash reserves, could potentially buy a significant portion (nearly 18%) of the total Bitcoin supply if it decides to allocate funds toward BTC after Warren Buffett steps down. This would notably reshape Bitcoin’s institutional ownership landscape.

• Market Forecasts and Expert Opinions
Binance’s former CEO @cz_binance predicts Bitcoin could reach between $500,000 and $1 million this market cycle, with overall crypto market cap hitting $5 trillion by year-end, while warning against speculative meme coins. Michael Saylor remains extremely bullish, forecasting Bitcoin’s market cap could balloon to $200 trillion in the long term, underscoring a strong institutional and visionary belief in Bitcoin’s future. Analysts also emphasize Ethereum’s potential rebound in May but caution on mixed macroeconomic signals around the Federal Reserve’s upcoming decisions.

• Security and Hacking News
New evidence suggests that Zerebro developer Jeffy Yu may have staged his suicide during a http://Pump.fun livestream to promote his new memecoin. An unverified letter, suspicious blockchain transfers, and the removal of his obituary have raised serious doubts about the reported suicide. The controversy has already impacted the LLJEFFY token, which has fallen sharply since the incident.

• Conclusion
Today’s crypto landscape shows a cautious but evolving regulatory environment with Florida stepping back from Bitcoin reserve legislation, contrasting with other states and continued institutional buying evidenced by BlackRock’s growing BTC stash. Market participants are positioning defensively ahead of key Federal Reserve comments, indicating volatility may persist in the near term. Technological advancements and growing infrastructure initiatives point to steady innovation momentum, while prominent voices remain highly optimistic on Bitcoin’s long-term value. Investors should monitor regulatory developments closely, hedge around macroeconomic uncertainty, and remain attentive to technological upgrades that could drive asset performance.

Daily crypto market update is an AI summarization of important news published in major crypto media in the last 24 hours at the time of sending. The full news story can be found at the URL below.
http://ns3.ai/top-news