• The Most Published News
Bitcoin Surpasses $102,000 Amid Positive Macro Signals: Bitcoin rallied past $102K, its highest since January, driven by stable Federal Reserve interest rates, US-UK trade deal breakthroughs, and tariff easing expectations announced by President Trump. This surge reflects renewed investor optimism and boosted institutional engagements.

• Current Market Trends
U.S. spot Bitcoin ETFs recorded net inflows of $117.51 million on May 8. BlackRock’s IBIT led with $69.05 million, followed by Fidelity’s FBTC and ARK Invest’s ARKB. This marks the second consecutive day of positive inflows, indicating sustained investor interest.
Bitcoin Profitability Recovery: Glassnode data shows over 3 million $BTC returned to profit zones as Bitcoin recovered from lows around $74,000, suggesting improved investor sentiment and renewed buying pressure.

• Regulations and Policies
The U.S. Senate narrowly rejected the GENIUS Act, a proposed framework for regulating stablecoins, with a vote of 48 to 49. Democrats opposed the bill citing concerns over potential corruption risks linked to President Trump's family. Senate Republicans plan to reintroduce the legislation in the coming days.

• Technology and Innovation
Obol Launches $OBOL Token for Decentralized Ethereum Validation: Obol introduced its native token to promote decentralized validator operation and governance within Ethereum’s ecosystem, enhancing security and network resilience.
Superstate’s Opening Bell Platform Targets SEC-Registered Tokenized Stocks: Led by Robert Leshner, Superstate plans a blockchain platform for trading SEC-registered U.S. stocks on Solana, pending regulatory clearance. This innovation aims to expand programmable equity trading and blend traditional finance with blockchain accessibility.

• Institutional Investor News
@coinbase’s $2.9 Billion Acquisition of Deribit: Coinbase has agreed to acquire Deribit, the leading crypto options platform, in a landmark $2.9 billion deal aiming to significantly enhance liquidity, tighten spreads, and expand Coinbase’s footprint in the crypto derivatives market. Pending regulatory approval, this move positions Coinbase as a dominant global player against competitors like Binance and signals ongoing consolidation in the industry.

• Market Forecasts and Expert Opinions
Raoul Pal, CEO of Real Vision, stated that Bitcoin's dominance appears to have peaked, based on DeMark indicators across daily, weekly, and monthly charts. He noted this peak is lower than previous highs from 2021 and 2017, suggesting a consistent downtrend. Pal believes this trend could herald the beginning of rapid altcoin growth, a phase he calls the 'Banana Zone'.

• Security and Hacking News
Alex Mashinsky, the founder of Celsius, has been sentenced to 12 years in prison following his conviction for cryptocurrency fraud. He received concurrent sentences of 120 and 144 months, with a total term of 144 months, along with an order to forfeit $48 million and multiple properties. His actions led to massive losses for Celsius customers, with billions in crypto assets affected when withdrawals were suspended.

• Conclusion
The crypto market shows robust bullish momentum underpinned by positive macroeconomic developments, institutional adoption, and strategic industry consolidations such as Coinbase’s acquisition of Deribit. Investors should monitor key resistance levels near $105K while staying attentive to regulatory and geopolitical risks. Diversifying holdings with a focus on fundamentally strong assets and protocols like Bitcoin, Ethereum, and emerging blockchain innovations remains advisable. The recent Celsius fraud case also underscores the importance of due diligence and cautious engagement with crypto lending products and platforms.

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