Bitcoin Update: Bitcoin consolidates near $81K after failing to hold $83K resistance, supported by White House confirmation of an imminent crypto market structure bill markup.
Institutional Momentum: BlackRock’s IBIT saw $480M+ in inflows over 48 hours, while a major U.S. pension fund added another $310M to Bitcoin via ETFs.
Regulatory Progress: The U.S. House is set to vote on the revised stablecoin bill next week with state chartering options included; Hong Kong approved two more licensed exchanges.
Security Incident: A $19M flash-loan exploit hit a DeFi protocol on Base chain, the second major incident on the network in two weeks.
Major Funding Round: AetherFi (AI-powered decentralized lending protocol) raised $120 million in a Series A led by a16z Crypto and Paradigm.
Hot Presales: IONIX CHAIN raised $28 million and PEPEBOSS raised $19 million in the past 48 hours, showing strong retail interest in early-stage projects.
Altcoin Watch: Galaxy Research and other analysts are highlighting five altcoins (LINK, KAS, SUI, NEAR, and TAO) with tight technical setups and concrete May catalysts that could lead the next leg up if Bitcoin holds above $81K.
Sources:
CoinDesk, Cointelegraph, Decrypt, The Block, Reuters, Fortune, Yahoo Finance, X trending data, CoinMarketCap & CoinGecko.