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James Seyffart, a Bloomberg analyst, reported on the 6th (local time) via X (formerly Twitter) that Bitwise has submitted an application (S-1) to the United States Securities and Exchange Commission (SEC) for the launch of a NEAR Exchange-Traded Fund (ETF).
Bitcoin (BTC) briefly recovered to the $95,000 level. Meanwhile, BTC is trading at $95,091.84, up 0.38% from the previous day, as of 4:04 on the 7th, based on the Binance Tether (USDT) market.
On the 6th (local time), according to the virtual asset (cryptocurrency) specialized media CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) announced that it has withdrawn its appeal against the virtual asset-based prediction market Kalshi. Previously, the CFTC had banned betting on political issues in 2023, and Kalshi filed a lawsuit claiming it was overregulation. As a result, both parties voluntarily withdrew the lawsuit and agreed to bear their own legal costs.
On the 6th (local time), the cryptocurrency-focused media outlet Cointelegraph predicted that based on on-chain indicators, Bitcoin (BTC) is unlikely to undergo a correction and is more likely to be bullish. The media reported, "The Bitcoin Risk-Off Signal indicator has fallen to 23.7, marking its lowest point since March 2019," adding, "At that time, the price of Bitcoin was around $4,000, and it subsequently rose by 1550%." It continued, "This indicator is calculated by synthesizing six data points: downward and upward volatility, exchange inflows, funding rates, open interest in futures, and market capitalization," explaining, "It is primarily used to assess correction risk, and the lower or bluer the number, the lower the correction risk and the higher the likelihood of a bullish trend."
U.S. President Donald Trump announced that India has agreed to eliminate all tariffs on U.S. products. According to the virtual asset (cryptocurrency) specialized media Watcher Guru X (formerly Twitter) account on the 6th (local time), Trump added, "We will improve the trade relationship between the two countries in a more fair and mutually beneficial way."
According to virtual asset (cryptocurrency) specialized media Watcher Guru on the 6th (local time), the governor of New Hampshire, USA, has signed the digital asset investment bill (HB302), a Bitcoin (BTC) reserve bill. This is the first time a Bitcoin reserve asset introduction bill has been finally passed in the United States. The bill allows the state government to invest part of the general fund and revenue stabilization fund in digital assets. The investment authority is given to the state treasurer.
According to CryptoBasic, a media outlet specializing in virtual assets (cryptocurrency), Morgan Stanley has assessed in a report that Bitcoin (BTC) now holds a sufficient market capitalization to be considered a reserve asset by the US government. Morgan Stanley stated, "The current market capitalization of Bitcoin is approximately $1.87 trillion, and the US would need to hold 12-17% of the total Bitcoin supply to match the proportion of other reserve currencies," adding, "However, it is true that Bitcoin is much more volatile compared to other traditional reserve assets."
US Senator Chris Murphy has introduced a bill to ban the promotion of Donald Trump's Official Trump (TRUMP) coin. According to Decrypt, a media outlet specializing in virtual assets (cryptocurrency), this is part of the Modern Emoluments and Misconduct Elimination (MEME) Act, which stipulates that public officials should not use their office for financial gain. This applies particularly to certain types of investments, including securities and virtual assets. Chris Murphy stated, "The Trump meme coin TRUMP is a prime example of what the MEME Act prohibits," claiming "this is the most corrupt act committed by a president in history."
According to the cryptocurrency-focused media outlet The Block on the 6th (local time), the U.S.-listed company DeFi Development (formerly Zenover), which adopted Solana (SOL) as a strategic reserve asset last April, has purchased an additional $11.2 million worth of Solana (SOL). As a result, the total holdings have increased to 400,091 SOL. Previously, the company had announced plans to purchase an additional $24 million worth of SOL.
On the 6th (local time), according to the cryptocurrency specialist media Watcher Guru, US Treasury Secretary Scott Besant stated that "Central Bank Digital Currency (CBDC) is a symbol of weakness" and that "the Federal Reserve will not support its issuance."
According to CoinDesk, a cryptocurrency-focused media outlet, on the 6th (local time), the American investment bank Benchmark has suggested a 'buy' investment rating for Canaan, a Nasdaq-listed Chinese mining machine manufacturer. The target price is $3. Benchmark explained, "Canaan has a vertically integrated business model, combining Bitcoin (BTC) mining hardware production with its own mining system, which can greatly benefit from rising Bitcoin prices," adding, "Considering this, Canaan's current stock price is quite low."
The European Central Bank announced the establishment of an innovation hub securing over 70 participants for testing the digital euro project. According to CoinDesk, a media specializing in virtual assets (cryptocurrency), participating companies include information and financial technology service company Accenture, Swiss telecommunications company Swisscom, CaixaBank, and KPMG.
The three major indices of the U.S. stock market are showing a downward trend. The Nasdaq Composite Index is trading at 17,756.67 points, down 0.49% from the previous day as of 00:33 on the 7th. The Dow Jones Index is down 0.37% at 41,067.26 points, and the S&P 500 Index is down 0.31% at 5,633.10 points.
The three major U.S. stock indices closed lower. The Nasdaq Composite Index recorded a 0.61% drop from the previous session on the 6th, closing at 17,844.24 points. The Dow Jones Industrial Average fell 0.21% to 41,232.62 points, and the S&P 500 Index closed down 0.61% at 5,651.96 points.
According to SolidIntel on the 5th (local time), the United States Securities and Exchange Commission (SEC) announced that it has extended the decision period for the approval of the launch of a Litecoin (LTC) spot exchange-traded fund (ETF) submitted by the cryptocurrency investment firm Canary Capital.
Virtual asset (cryptocurrency) research and brokerage firm Bernstein has projected in a report that public companies' Bitcoin (BTC) purchase volume will reach $330 billion by the end of 2029. According to cryptocurrency specialist media CoinDesk on the 5th (local time), the report predicts that a single company, MicroStrategy (MSTR), will purchase approximately $124 billion worth of Bitcoin over the next five years, while other public companies will allocate about $205 billion to Bitcoin purchase strategies. It is particularly noted that low-growth small companies mimicking MicroStrategy's Bitcoin purchase strategy are expected to lead this trend.
According to The Block, a cryptocurrency-focused media outlet, 786 documents submitted to the U.S. Securities and Exchange Commission (SEC) in April mentioned 'virtual assets'. This is a 38% increase compared to the previous month (569 documents) and an 8% increase compared to the same period last year (727 documents). The average monthly mentions from January 2024 to March 2025 were 457. Mentions related to stablecoins have also surged in recent months. From January 2024 to January 2025, they were mentioned an average of 48 times per month, but from February to April 2025, the average jumped to 103 times per month. The monthly mentions during this period were 81 in February, 124 in March, and 104 in April. The media analyzed this phenomenon as a result of expectations for clearer and more consistent new regulations and the possibility of future regulatory announcements by the SEC.
According to Walter Bloomberg, a media outlet specializing in virtual assets (cryptocurrency), on the 5th (local time), U.S. President Donald Trump stated that he is "confident that Canadian Prime Minister Mark Carney, who is scheduled to visit on the 6th (local time), will request trade negotiations during the meeting." He also added, "China is very eager to trade."
According to the global cryptocurrency exchange Coinbase, the Ethereum (ETH) Factra upgrade is scheduled for 3:05 AM on the 7th (local time). To ensure the safety of user funds, deposits and withdrawals of Ethereum will be temporarily suspended from 2:50 AM to 3:45 AM. New staking applications will be delayed until after 3:45 AM, but existing positions will not be affected.
Changpeng Zhao, former CEO of Binance, recalled his four-month prison life in an interview. According to Decrypt, a media specializing in virtual assets (cryptocurrency), on the 5th (local time), he said, "Prison life was very scary and difficult. I went through inhumane procedures before entering prison," and added, "Being stripped and searched was a very difficult moment." He continued, "My cellmate was a man sentenced to 30 years for murder. I got along well with him, but I was very scared," and explained, "I realized that health and family are the most important things there. Work comes next. I missed delicious food and a comfortable bed, but above all, I missed my family very much." Furthermore, he added, "I still keep in touch with a few people I met in prison."
According to CNBC on the 5th (local time), U.S. President Donald Trump is planning two cryptocurrency-related dinners in May. The first is a dinner for cryptocurrency and artificial intelligence (AI) innovators hosted by Trump's supporter political action committee, MAGA Inc, on the 5th (local time), with not only Trump but also cryptocurrency and AI czar David Sacks expected to attend. The ticket price is known to be $1.5 million per person, and the use of the millions of dollars raised is uncertain. The second event is a private dinner on the 22nd at a Virginia golf course for the top 220 holders of TRUMP meme coin.
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.
On the 5th (local time), according to virtual asset (cryptocurrency) specialized media Walter Bloomberg, Jane Fraser, CEO of Citigroup, warned that "clients are preparing for economic headwinds." This suggests growing concerns about U.S. tariff policies and disruptions in global trade.
The US Treasury has added the Burmese militia Karen National Army, known for operating a pig butchering scam on an industrial scale, to its sanctions list. According to CoinDesk, a media outlet specializing in virtual assets (cryptocurrency), the militia is accused of running a cybercrime organization that steals virtual assets from US citizens.
Teddy Fusaro, the president of Bitwise, predicted that Ripple could potentially acquire multiple crypto (cryptocurrency) companies if it wishes. According to crypto-specialized media U.Today on the 5th (local time), he estimated the value of XRP held by Ripple to be about $93 billion. Recently, XRP proposed an acquisition of Circle worth $4-5 billion, but it was reportedly rejected by Circle as "the bid was too low."
The Icon(ICX) Foundation announced on the 5th (local time) through its official channel that it will rebrand to Soda Xchange(SODAX). This is a vertically integrated DeFi app platform, and as part of this, the hub chain infrastructure is being migrated from ICON to the Sonic blockchain. It is explained that this can reduce operating costs and enhance scalability and protocol fee potential. Furthermore, the migration of ICX and BALN to SODA is being promoted, concentrating on a stronger single token for SODAX. The migration will proceed at a 1:1 ratio.
Michael Egorov, the founder of Curve (CRV), reported on the 5th (local time) via the official X (formerly Twitter) that Curve's official X account appears to have been hacked.
The three major indices of the U.S. stock market are showing mixed trends. The Nasdaq Composite Index is trading at 17,896.13 points, down 0.32% from the previous session as of 00:05 on the 6th. The Dow Jones Index is up 0.13% at 41,369.08 points, and the S&P 500 Index is up 0.13% at 5,668.33 points.
On the 2nd (local time), traders on the decentralized prediction market platform Polymarket predicted a 79% chance that an XRP Exchange Traded Fund (ETF) will be approved by the end of the year.
Seth Wilks, Director of the Virtual Asset (Cryptocurrency) Initiative at the U.S. Internal Revenue Service (IRS), and Raj Mukherjee have reportedly accepted a voluntary resignation proposal from the Department of Government Efficiency (D.O.G.E). According to cryptocurrency-focused media outlet CoinDesk on the 2nd (local time), Seth Wilks is a former VP of Government Relations at TaxBit, and Raj Mukherjee is a former executive at Binance US. They joined the IRS Digital Asset Initiative in February last year, working on building virtual asset reporting, compliance, and enforcement programs. Notably, they were known to have worked on an upgraded version of Form 1099-DA, a form for brokers to report clients' virtual asset transaction information.