U.S. Unveils Draft Crypto Framework, Signaling a New Era for Digital Assets
The United States has taken a major step toward embracing the future of finance with the release of a draft regulatory framework for digital assets. Touted by industry leaders as the beginning of a “golden age” for crypto, the proposed guidelines mark a significant milestone in the journey toward mainstream adoption and regulatory clarity. As the crypto landscape evolves, this development could redefine how digital currencies, blockchain platforms, and decentralized technologies operate within the U.S. financial system.
U.S. Lawmakers Release Draft Bill to Redefine Crypto Market Structure and Reinforce Global Leadership On May 5, the U.S. House Committee on Financial Services announced the release of a draft bill aimed at establishing a new market structure for digital assets in the United States. The proposal, jointly supported by Financial Services Committee Chairman French Hill, Agriculture Committee Chair G.T. Thompson, and Subcommittee Chairs Bryan Steil and Dusty Johnson, is designed to enhance regulatory clarity while reinforcing America’s leadership in financial innovation.
Bitcoin and Ethereum ETFs Attract Over $1 Billion Amid Rising Crypto Interest
Bitcoin and Ethereum exchange-traded funds (ETFs) saw a huge jump in investments on Thursday, pulling in more than $1 billion—marking the highest total in five months. BlackRock's iShares Bitcoin Trust (IBIT) led the surge, gaining $877 million in one day. This strong flow of money shows that investors are becoming more confident in cryptocurrencies again.
Technically, Starknet (STRK/USD) remains in a consolidation phase, following a series of sessions marked by relatively strong trading volumes that have now started to diminish. This tapering of volume typically points to reduced market participation and a general state of indecision, as traders await clearer directional signals.
Amid this quiet period, today’s bullish Marubozu candlestick introduces a potentially optimistic twist. A Marubozu, particularly on the bullish side, is characterized by a full-bodied candle that closes near its high with little to no wicks—signifying strong intraday buying pressure and decisive control by the bulls. While the price move itself may not have been dramatic, the candle’s formation reflects renewed bullish interest and could hint at a possible breakout attempt, pending confirmation in upcoming sessions.
Cardano Reports Record Exchange Outflows as Market Shows Mixed Signals
Cardano (ADA) is making headlines with its largest exchange outflow since 2021, despite facing several market challenges in early 2025. According to recent data, nearly 980 million ADA tokens have left exchanges since January, with a current outflow valued at approximately $680 million.
This massive movement of ADA from exchanges to private wallets suggests investors are shifting toward self-custody rather than preparing to sell. Typically, such outflows signal bullish sentiment as tokens move to longer-term storage. However, other network metrics paint a more complex picture.
Bitcoin Nears Its Zenith as Crypto Market Sees Strong Gains
Bitcoin is showing strong signs of recovery, moving closer to its all-time high. Currently, the coin rose above $105,000 for the first time since January, trading at around $105,414, as it prints a 2% gain today and a 25% rise over the last 30 days. As it stands, the current price puts Bitcoin just 3% away from its all-time high of $108,786, which it reached on January 20, the day of President Trump’s inauguration.
To this end, the price rise is happening without any major news, showing investors still have confidence in risky assets like cryptocurrencies, especially as global trade tensions appear to be easing.
XRP (XRP/USDT) at a Crossroad: Will Bulls Regain Dominance Above Support?
XRP Long-term Analysis: Ranging
The market for XRP against the Tether has shown a healthy correction after a rally at the beginning of the year, breaching long-term resistance levels.
However, the momentum appears to have slowed as the price of the pair hovers above the confluence of the Guppy Multiple Moving Averages (GMMAs). As it stands, the market structure remains bullish, preparing for its next move while holding above the $2.0520 support level.