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According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 22, up 0 points from yesterday. The average over the past 7 days is 18, and the average over the past 30 days is 13.

According to data from TheMinerMag, in the first quarter of 2026, publicly listed Bitcoin mining companies including MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer collectively sold over 32,000 BTC, surpassing the total amount sold throughout last year and even exceeding the sell-off levels triggered by the Terra-Luna collapse in Q2 2022, setting a "new record for a single quarter."The backdrop of this sell-off is the key metric for measuring miner profitability, "hashprice," which has fallen to a historical low of below $35 per PH/s per day, with about 20% of miners already in the red. Asset management firm CoinShares stated in its report: "Unless the BTC price rebounds significantly, high-cost miners will further capitulate in the first half of 2026."

According to Globenewswire, the American law firm Bernstein Liebhard has announced that it has filed a securities fraud class action lawsuit on behalf of investors against the Nasdaq-listed cryptocurrency exchange Gemini Space Station, alleging that Gemini made false statements regarding its business operations and prospects in its prospectus and related disclosures, particularly accused of exaggerating the viability of its core cryptocurrency platform business. Investors wishing to serve as lead plaintiffs must submit their applications by May 18, 2026.It is reported that Bernstein Liebhard is a well-known investor relations law firm that has previously filed class action lawsuits against companies such as Ruhnn, Apple, and AsiaInfo-Linkage.

According to Fortune magazine, in the context of a downturn in the crypto market in 2025 and the distribution of profits to investors, the portfolio values of crypto venture capital firms such as Paradigm and a16z crypto have significantly shrunk.According to filings with the U.S. Securities and Exchange Commission (SEC), the total assets under management (AUM) of four crypto funds under a16z crypto dropped nearly 40% from 2024 to 2025, falling to $9.5 billion. Part of the reason is that the firm began returning capital to investors from earlier funds, and the timing of the returns coincided with the market peak in 2025, with a net DPI (distributions to paid-in capital) of 5.4 for its first crypto fund.Multicoin Capital's AUM has more than halved, dropping to about $2.7 billion. Paradigm's holdings also slightly decreased by about 6%. Meanwhile, the total size of a16z crypto's parent company, Andreessen Horowitz, has exceeded $100 billion.The report points out that the shrinkage in assets under management reflects the decline in portfolio value due to the market downturn, and is also a sign of normal exits by VCs and the return of funds to limited partners (LPs). Some firms, such as Haun Ventures, have seen their AUM grow by over 30%, reaching around $2.5 billion.Currently, Paradigm is seeking to raise a new fund of $1.5 billion, and a16z crypto is also raising up to $2 billion for its fifth fund.

According to The Block, the Washington think tank Cato Institute published an article criticizing the current Bitcoin tax policy in the United States. Researcher Nick Anthony pointed out that the current tax framework treats Bitcoin as "property" rather than "currency," requiring users to calculate capital gains or losses for each transaction individually, even for everyday small purchases. This makes tax reporting extremely cumbersome and effectively hinders the adoption of Bitcoin as a payment tool.In response, the Cato Institute proposed several reform suggestions, including completely eliminating the capital gains tax on cryptocurrency payments and introducing a tax-free threshold for small transactions. The report also mentioned the existing "Virtual Currency Tax Fairness Act," which aims to exempt cryptocurrency transactions under $200, but Anthony believes this threshold is too low to cover the actual spending levels of consumers. Currently, the Trump administration has expressed support for establishing a small tax exemption for cryptocurrency transactions and will continue to evaluate related legislative options.

CoinDesk analyst James Van Straten stated that the Bitcoin funding rate has fallen to its lowest level since 2023, and historical patterns show that such signals often coincide with market bottoms. According to Glassnode data, the seven-day moving average of the funding rate has dropped to about -0.005%.The funding rate is the fee that long and short positions pay each other periodically in perpetual contracts to keep the contract price aligned with the spot market. When the rate is positive, longs pay shorts, reflecting bullish market sentiment; when the rate is negative, shorts pay longs, indicating a bearish market. Despite the funding rate being persistently negative from March to April this year, Bitcoin still oscillated upward from the $60,000 to $65,000 range to about $75,000. Historically, a deeply negative funding rate often coincides with Bitcoin's phase bottoms: during the market crash triggered by the COVID-19 pandemic in March 2020, Bitcoin fell to about $3,000; it dropped to $30,000 during China's mining ban announcement in 2021; it hit a low of about $15,000 during the FTX collapse in November 2022; and it briefly fell below $20,000 during the Silicon Valley Bank crisis in 2023. During the yen arbitrage trade closure in August 2024 and the "Liberation Day" sell-off in April 2025, negative funding rates also appeared alongside phase lows. The continued negative funding rate indicates that even if the price trend is positive, short positions remain at a high level. This divergence may suggest that the market is climbing within a "wall of worry," and a large number of short positions could become fuel for further price increases.

The TON ecosystem decentralized options protocol Tradoor has officially launched the "Airdrip" airdrop event. According to the rules, users' DOOR points will be directly exchanged for USDT and distributed to their TON wallets.According to the official introduction, the eligibility requirements for this airdrop include: holding at least 5000 DOOR points in the account, completing social verification tasks, and executing at least 1 options trade in Turbo mode. To prevent bot attacks and reward real users, the rewards will be unlocked over 4 months (25% each month), with the final claim deadline set for December 31, 2026. The official specifically reminds that airdrop claims are only open through their official website and official Telegram Bot.In addition, Tradoor revealed that it will soon expand its business to the BNB Chain, aiming to provide users with a lower capital threshold, one-click execution, and zero hidden fees for options trading.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 22, an increase of 0 points from yesterday. The average over the past 7 days is 18, and the average over the past 30 days is 13.

According to analyst Darkfost, Bitcoin has experienced a net outflow from CEX almost every day for the past two months, indicating a trend of accumulation among investors.This type of structural outflow is often seen as a positive signal of reduced selling pressure, especially during the current price consolidation phase, which may indicate that the selling power is exhausted, while also suggesting that Bitcoin is being transferred from CEX to long-term holding wallets.

The newly established political action committee in the crypto industry, Fellowship PAC, has raised approximately $11 million, with $10 million coming from Cantor Fitzgerald and $1 million from Anchorage Digital. It has spent about $3 million on political advertising, with this portion of the expenses paid to Nxum Group, which was co-founded by Tether US CEO Bo Hines.The PAC primarily supports Republican candidates and invests funds in congressional and state-level elections. Although the organization has ties to Tether executives, its main funding sources are financial institutions, and it is currently unclear whether Tether can directly participate in related political donations.

According to Cointelegraph, Chicago-based cryptocurrency derivatives exchange Bitnomial has launched Injective monthly futures contracts, marking the first entry of the Injective token into the regulated derivatives market in the United States. The contract is settled in INJ, expires monthly, and allows traders to gain price exposure without holding the underlying asset, with all cryptocurrencies or USD available as collateral through Bitnomial.Institutional clients can trade the futures immediately, while retail trading is expected to open in the coming weeks through Bitnomial's Botanical platform. Bitnomial also plans to introduce INJ perpetual futures and options.Analysts state that the launch of the Injective futures contracts will begin a six-month trading record, which is expected to support the application for a spot ETF. Previously, Canary Capital submitted a staking-based INJ ETF application to the SEC.

According to Finance Feeds, Apple has confirmed that it has removed a fraudulent app impersonating Ledger Live self-custody wallet from the App Store after an on-chain investigation revealed that over 50 victims lost a total of $9.5 million in cryptocurrency within a week.Previously, on-chain detective ZachXBT disclosed that this counterfeit Ledger Live app was available from April 7 to April 13, 2026. The losses involved multiple blockchains, including Bitcoin, Ethereum, Solana, Tron, and Ripple.

According to The Block, CryptoQuant's research director Julio Moreno stated on Wednesday that Bitcoin's recent rally is facing an increasing risk of profit-taking, with multiple on-chain indicators showing that selling pressure is strengthening. Currently, the price of Bitcoin has slightly retreated but is testing the on-chain "realized price" of $76,800 for traders. This level is seen as a significant bearish resistance, historically often limiting the rebound space, as holders close to breaking even are more inclined to sell for profit, thereby suppressing further increases.Moreno pointed out, "This price range precisely capped the price increase during the bear market rebound in January 2026 and reversed downward after reaching that level. If the current selling pressure continues to strengthen, a similar trend may occur again." He added that if the resistance level holds, approximately $67,600 below will become the main short-term support. The report also noted that the proportion of large trades has rapidly increased from less than 10% to over 40%, and historically, this level usually corresponds to strong short-term selling pressure. Profit-taking has not yet peaked. Currently, the daily realized profit is about $500 million, below the $1 billion threshold that historically marks significant sell-off peaks.Finally, Moreno stated that if Bitcoin remains above $76,000, or even approaches the realized price level of $76,800, the daily realized profit could accelerate to over $1 billion, thereby increasing selling pressure and raising the likelihood of a temporary top or correction in the market.

Cantor Fitzgerald donated $10 million to the political action committee Fellowship PAC, which is chaired by Tether's U.S. executive Jesse Spiro.Fellowship PAC was established in 2025 and has received over $100 million in committed funding, aimed at supporting candidates who promote friendly regulation of digital assets. The organization has previously invested over $1 million in advertising support for multiple elections. Cantor has a close relationship with Tether, having provided custodial services for its stablecoin reserves since 2021, and this donation further strengthens their collaboration on policy matters. In addition to Cantor, institutions like Anchorage Digital have also participated in donations. Industry insiders believe that as the regulatory battle intensifies, the crypto industry is continuously increasing its political investments in Washington to seek a clearer and more enforceable regulatory framework.

As the geopolitical situation shows signs of easing, the crude oil market has experienced a significant correction, with international oil prices falling and erasing some of the previous risk premiums.According to data from the Gate platform, WTI crude oil (XTIUSDT) has dropped by 3.68%, currently priced at $88.51, with a 24-hour low of $84.47; Brent crude oil (XBRUSDT) has also decreased by about 2.48%, falling to $90.76, with a 24-hour low of $86.62. Amidst a backdrop of high volatility, trading in crude oil-related derivatives remains active.According to Coinglass data, the 24-hour trading volume for WTI crude oil (XTIUSD) on the Gate platform reached $14.58 million, ranking first among all exchanges; Gate XBR had a 24-hour trading volume of $10 million, also leading the rankings. The increasing participation of funds in a high-volatility market further reflects the liquidity and depth advantages of derivative trading on the Gate platform.Gate Contracts has pioneered the commodity contract sector, covering XBRUSDT (Brent crude oil), XTIUSDT (WTI crude oil), and NG (natural gas) perpetual contract trading, providing 24/7 trading, USDT settlement, and up to 100x leverage, helping users to allocate assets and strategize across markets in volatile conditions.

According to a report by CryptoSlate, the White House Economic Advisory Council recently released a research report indicating that banning the yield on stablecoins has very limited protective effects on bank loans, yet it significantly reduces consumers' ability to earn returns through digital cash. This conclusion directly challenges the core argument of the banking industry supporting the yield ban and provides new policy backing for the advancement of the CLARITY Act.Currently, Treasury Secretary Bessent and SEC Chair Atkins have both publicly expressed support for the bill, indicating a convergence of positions between the executive branch and regulatory agencies. However, the Senate Banking Committee has yet to announce a timeline for the bill's review, and political maneuvering remains the biggest variable.Analysts point out that if the committee can complete its review before the summer recess, the probability of the bill passing will significantly increase; otherwise, it will face the dual risks of election pressure and legislative delays.

According to QCP Group analysis, BTC followed the overnight rebound of risk assets, rising to the mid-range of $74,000, triggered by the news of a preliminary framework agreement between the U.S. and Iran. However, long-term yields remained almost unchanged, gold maintained high levels, and the bond market did not follow suit, indicating that this rebound is merely a relief from headline risks rather than a substantive geopolitical resolution.The core contradiction lies in the uranium enrichment issue—Iran is currently enriching at 60%, while the U.S. demands a reduction to below 20%. Iran has yet to signal any compromise, and this issue has been unresolved since 2015. In terms of market structure, BTC spot is slowly rising against a backdrop of negative funding rates and low open interest, showing that shorts are still resisting and pushing for a short squeeze, but the options market has failed to confirm a breakout—short-term ATM volatility remains around 40, and one-month volatility is still lower than three-month volatility, with demand for downside protection still stronger than the willingness to chase upside.On the macro level, the Federal Reserve's net rate cut space for this year is close to zero, and liquidity conditions remain tight. QCP believes that this round of market activity is essentially a geopolitical-driven relief rebound rather than a fundamental shift in the macro landscape, and the market needs to be wary of the risk of a pullback after the rebound.

CryptoQuant analyst Darkfost stated that the number of large transfers sent to exchanges by wholecoiners (investors holding at least 1 full BTC) has significantly decreased.Currently, the average monthly transfer volume of this type on Binance is only about 6,000 BTC, comparable to levels in 2018, and far below the 15,400 BTC seen in 2021. Globally, the transfer volume has dropped from a peak of 80,000 BTC in 2018 to about 27,500 BTC.Darkfost pointed out that this trend is partly due to the continuous rise in Bitcoin prices making it increasingly difficult to hold full BTC, and it also reflects a profound change in market structure: products like ETFs allow investors to gain exposure without directly holding BTC, while more and more investors are shifting to long-term holding strategies.He believes this means that selling pressure has eased, but it has also led to a gradual decline in the liquidity of Bitcoin supply on exchanges.

Anthropic has launched an authentication mechanism in some use cases of Claude to prevent abuse, enforce usage policies, and fulfill legal obligations. This process is supported by Persona, requiring users to submit a government-issued photo ID and possibly undergo real-time selfie verification.Anthropic states that the verification data is only used to confirm identity, not for model training, and will not be used for marketing or advertising. If verification fails, users can retry multiple times within the process or submit a form to request manual assistance. Accounts may be banned in cases of repeated violations of usage policies, terms of service, registration from unsupported regions, or use by individuals under 18 years of age.