Crypto ETFs Slip With $86 Million Outflow for Bitcoin and $18 Million for Ether

Bitcoin exchange-traded funds (ETFs) saw their three-day inflow streak broken with $86 million in net outflows, primarily due to a sharp drawdown from Grayscale’s GBTC. Ether ETFs also took a hit, recording an $18 million exit, entirely from Fidelity’s FETH. GBTC and FETH Lead the Exit for Bitcoin and Ether ETFs The tide briefly turned … Read more

US Treasury Secretary expresses support for crypto bills at hearing

Speaking at a hearing, US Treasury Secretary Scott Bessent toed the party line in suggesting support for two crypto-related bills moving through Congress. Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the “premier destination for digital assets” in response to a question … Read more

Metaplanet Adds 555 BTC to Its Treasury

The firm is now already more than halfway toward meeting its 10,000 BTC goal by the end of December. Metaplanet Expands Bitcoin Holdings with 555 BTC Purchase Japanese bitcoin treasury firm Metaplanet has purchased 555 bitcoin ( BTC) increasing its total holdings to 5,555 BTC, according to an announcement the company made on Wednesday. The … Read more

COLDRIVER using new malware to steal from Western targets — Google

Threat group COLDRIVER is using new malware to steal documents from Western targets, according to a May 7 report from Google Threat Intelligence. The malware, called LOSTKEYS, shows the evolution of the group from credential phishing to more sophisticated attacks. According to the Google report, the new malware is installed through four steps. The process … Read more

Easy Money: China Slashes Rates, Injects $138.5B to Shield Economy From Trade War Impact

China’s central bank slashed key interest rates and injected $138.5 billion into its financial system to bolster an economy battered by U.S. trade tensions and domestic challenges. PBOC Unveils Sweeping Rate Cuts Reuters reported that the People’s Bank of China (PBOC) cut its seven-day reverse repurchase rate by 10 basis points to 1.4%, effective May … Read more

Strive to become Bitcoin treasury company

Strive Asset Management, founded by entrepreneur and former presidential candidate Vivek Ramaswamy, has revealed plans to transition into a Bitcoin treasury company. According to a May 7 announcement, Strive is going public through a reverse merger and plans to use the combined company’s stock to accumulate Bitcoin (BTC). The deal will see Strive merging with … Read more

Bitcoin ‘Realized Cap’ hits $890B as BTC traders focus on recapturing $100K

Key Takeaways: Bitcoin’s realized capitalization hit a record $890 billion, reflecting strong investor conviction as long-term and short-term holders increased allocations. Large Bitcoin holders with over 1,000 BTC have accumulated significantly since March 2025, reflecting the Q1 2024 trend. Bitcoin (BTC) price saw a short-squeeze above $97,000 on May 6, shortly after US Treasury Secretary … Read more

Vivek’s Strive Is Building Bitcoin War Chest With Nasdaq-Listed Arsenal

Strive has sealed a definitive Nasdaq-listed merger with Asset Entities to launch the first public bitcoin treasury manager, advancing a bold new chapter in crypto finance. Strive Seals Merger With Asset Entities to Form First Public Bitcoin Treasury Asset Manager Strive Asset Management, a subsidiary of Strive Enterprises Inc., announced on May 7 a definitive … Read more