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💰 Arthur Hayes predicts Bitcoin is poised for a steady rise in value Former BitMEX CEO Arthur Hayes expressed optimism regarding Bitcoin’s future trajectory, suggesting that the recent downturn marks a local bottom, with the flagship crypto poised for a gradual ascent over the coming months. Hayes shared his insights in a blog post on May 3, attributing the recent market slump to a variety of factors, including the US tax season, concerns over Federal Reserve policies, the “sell the news” effect following the Bitcoin halving, and a slowdown in spot Bitcoin ETF inflows. Source t.me/Binance_Coinbase_Bybit

💰 Bitcoin’s Recent Weakness Is More Tied to Global Markets Than to Anything Crypto Specific, Coinbase Says Bitcoin’s (BTC) recent weakness has not been isolated to crypto markets and therefore is not indicative of sector-specific capitulation, Coinbase (COIN) said in a research report Friday. Coinbase notes that both equities and gold have been trading lower since reaching highs in mid-April, against the backdrop of a strengthening dollar. The world’s largest cryptocurrency fell 16% in April, in the biggest monthly decline since June 2022. Source t.me/Binance_Coinbase_Bybit

💰 Lightspark CEO Expects Bitcoin to Dominate AI-Related Monetary Transactions During the Bitcoin for Corporations segment at the Microstrategy World 2024 event in Las Vegas, Marcus shared insights on the fusion of AI and bitcoin (BTC). He argued that BTC could eliminate the inefficiencies and “friction” inherent in fiat currencies, predicting that AI agents will adopt this “digitally native” medium for value exchange. Source t.me/Binance_Coinbase_Bybit

🇺🇸 Arkansas governor to reportedly sign two bills regulating crypto mining activities Arkansas State Governor Sarah Huckabee Sanders is expected to sign two new bills regulating crypto mining activities within the state, according to various sources. The state lawmakers passed Senate Bills 78 and 79 on May 1 to tighten the regulations governing crypto miners in the state. These legislative initiatives respond directly to concerns raised following the passage of Act 851. Although Act 851 sailed through the 2023 regular session, it has faced backlash for its perceived lack of oversight regarding crypto mining activities. Source t.me/Binance_Coinbase_Bybit

📣 Bitcoin's Ethereum-Style Programmability Could Come in 12 Months, Rootstock Founder Says The founder of Bitcoin layer-2 protocol Rootstock has detailed plans for a new "BitVMX" project designed to improve the oldest blockchain's programmability by keying off developer Robin Linus's much-discussed "BitVM" design unveiled last year. "We have a roadmap to finish this in one year" and "we are moving forward at full speed," Lerner said during the presentation. Source t.me/Binance_Coinbase_Bybit

💰 Liquidation heatmap shows volatility ahead as Bitcoin drops to $57k Bitcoin teeters around the $57,000 mark, market analysts and traders are glued to liquidation heatmaps, seeking insights into the next big price movements. Recent events have shown how quickly sentiment can shift, with $381 million liquidated in just 24 hours. But what's next? Hidden within layers of data are critical price points laden with massive liquidations waiting to be triggered. Source t.me/Binance_Coinbase_Bybit

💰 Celsius Network burns entirety of its CEL holdings, eliminating 94% of total supply Celsius Network burned its CEL holdings, representing the majority of the token supply, on April 30. Etherscan indicates the company burned 652.2 million CEL by sending it to a null address. The burned amount represents 94% of the previous total supply, which amounted to 692.8 million CEL, valued at roughly $83.2 million at current market price. The transaction originated from a wallet controlled by Celsius, based on Arkham Intelligence data. Source t.me/Binance_Coinbase_Bybit

🏦 Coinbase rolls out Lightning Network support in collaboration with Lightspark Coinbase, the largest U.S. crypto exchange by trading volume, is rolling out support for the Lightning Network from today, enabling a faster and cheaper way for its users to send, receive or pay with bitcoin directly from their account. Previously, bitcoin transfers on Coinbase were processed on-chain, meaning transactions could take between 10 minutes and two hours, incurring high fees during periods of network congestion. Source t.me/Binance_Coinbase_Bybit

💰 GBTC Reserves Dip Below 300,000 BTC Amidst 3 Weeks of Crypto Fund Outflows Grayscale’s Bitcoin Trust (GBTC) has witnessed a significant reduction in assets under management, with the trust’s holdings now falling below the 300,000 BTC mark, a key milestone. Additionally, the latest report on digital asset fund flows from Coinshares shows that bitcoin and ether exchange-traded products (ETPs) have seen withdrawals for three consecutive weeks. Source t.me/Binance_Coinbase_Bybit

🪙 Tether invests $200 million in biotech firm Blackrock Neurotech Stablecoin issuer Tether has invested $200 million in Blackrock Neurotech, a biotech company that builds tools to help people afflicted with paralysis, lost function, and neurological disorders. The investment was made through Tether's newly formed venture division Tether Evo. With the investment, Tether is now the majority stakeholder in Blackrock Neurotech, the stablecoin issuer said Monday. Source t.me/Binance_Coinbase_Bybit