Market Updates
Macro, Regulation and Markets
The Federal Reserve kept the fed-funds rate upper bound at 4.50%, noted solid activity but elevated inflation, and Chair Jerome Powell said simultaneous rises in inflation and unemployment would complicate policy. [source]
The U.S. Office of the Comptroller of the Currency said national banks and federal savings associations may buy, sell and custody crypto assets for customers and may outsource those functions if they manage third-party risk appropriately. [source]
Exchanges and Listings
Coinbase will list the gold-backed token PAX Gold (PAXG) on 8 May 2025 at 09:00 PT and enable ERC-20 deposits. PAXG-USD trading will open in liquidity-dependent phases, and users are warned to select the correct network. [source]
Robinhood is developing a blockchain platform—potentially on Arbitrum or Solana—to let European retail investors trade U.S. securities. The broker recently gained a Lithuanian licence and is bidding for Bitstamp to add crypto-derivatives capability. [source]
South Korea’s Bithumb will add KRW markets for Particle Network (PARTI) and Balance (EPT), describing Particle as chain-abstraction infrastructure and Balance as a Web3 gaming platform. [source]
Upbit has listed Celestia (TIA) in BTC, USDT and KRW pairs and Ionet (IO) in BTC and USDT pairs. Celestia provides modular data availability on Cosmos, while Ionet is a decentralised GPU network. [source]
Liquid and Venture Funds
Nethermind founder Gökhan Er and Ethereum Foundation co-executive director Tomasz Stańczak have launched Lantern Capital, an early-stage VC fund backing Ethereum-centric and cross-chain start-ups, with Stańczak joining as general partner. [source]
Bitcoin
Pakistan will channel surplus electricity into Bitcoin mining, while Tether will deploy current and future hashrate to OCEAN. Cantor Fitzgerald CEO Howard Lutnick said the United States aims to “accelerate Bitcoin mining” via an Investment Accelerator programme. [source]
Strive Asset Management will merge with Asset Entities (NASDAQ: ASST) to create what it says will be the first publicly traded Bitcoin asset-management company, allowing stock-for-Bitcoin exchanges under U.S. tax code §351. [source]
David Bailey is reportedly raising up to $300 million to launch a publicly traded company that will invest directly in Bitcoin. [source]
Ethereum
The “Pectra” upgrade is live on Ethereum mainnet, enabling smart-account UX features, doubling blob capacity for L2 scaling and improving validator usability. [source]
Obol Collective’s OBOL token debuted on Binance and Bybit. The project supports distributed validators, secures over $1 billion in staked ETH through 800+ node operators and counts Pantera Capital among its backers. [source]
Developments
Magic Labs launched Magic Newton, an AI-driven platform that uses verifiable agents to manage crypto portfolios and is distributing 0.75 % of the NEWT supply via a referral campaign with Kaito. [source]
ETFs
U.S. spot Bitcoin ETFs logged about $142 million in net inflows on 7 May, while spot Ethereum ETFs posted roughly $22 million in net outflows, with no individual fund reversing the trend. [source]
Market Data
BTC ETF
BTC ETFs total net daily flow for 2025-05-07 is $142.3M.
Breakdown:
IBIT: +$37.2 M
FBTC: +$39.9 M
BITB: +$10.5 M
ARKB: +$54.7 M
BTCO: $0.0 M
EZBC: $0.0 M
BRRR: $0.0 M
HODL: $0.0 M
BTCW: $0.0 M
GBTC: $0.0 M
BTC: $0.0 M
Total net daily flow: +$142.3 M
Total cumulative flows to date: $41,344.0M
Sector Returns
Top Performing Sectors
NFT sector leads the market (CULT up 24.25%, PENGU up 24.10%, TNSR up 11.45%), up 19.92% over the past 24 hours.
Modularity sector shows momentum (TIA up 14.91%, DYM up 8.01%, ALT up 6.25%), gaining 14.17% over the past day.
Base DeFi sector is up (AERO up 12.25%, WELL up 4.51%), rising 12.24% in the last 24 hours.
Worst Performing Sectors
Privacy sector has increased by only 1.95% (ZEC up 4.75%, XMR up 1.62%) over the past 24 hours.
Dino sector added just 2.85% over the past day, while LTC is down 0.20% in the same period.
Bitcoin sector rose 3.02% in the last 24 hours (BTC up 3.02%).
Token Returns
Top Performing Tokens
BLAST has gained 94.78% over the past 24 hours in the L2 sector.
WLD’s price has risen 39.11% over the past day in the AI sector.
ARB is up 29.98% in the last 24 hours in the L2 sector.
CULT’s price has increased by 24.25% over the past 24 hours in the NFT sector.
PENGU added 24.10% over the past day in NFTs.
Worst Performing Tokens
MPL price has decreased by 35.13% over the past 24 hours in RWA.
STX’s price has fallen 20.69% over the past day in the Bitcoin Ecosystem sector.
KMNO is down 14.05% in the last 24 hours within Solana DeFi.
SAVE dropped 10.49% over the past 24 hours in Solana DeFi.
OM has decreased 6.67% in the past day in RWA.
Protocol Updates
What Makes a Good Money?
Protocol: OlympusDAO
Date: 2025-05-07 16:21:01
Link: https://olympusdao.medium.com/what-makes-a-good-money-4b01bf82da85
Description: Olympus explains that money must progress through value attraction, scale, stability, and utility, and says adaptive supply and liquidity backstops let a digital asset mature into reliable money.
The Evolutionary Path
Protocol: OlympusDAO
Date: 2025-05-07 16:20:04
Link: https://olympusdao.medium.com/the-evolutionary-path-823e47a0c9f8
Description: Olympus argues that dollar-based DeFi is a transitional research phase, urging builders to redirect the resulting mechanisms toward sovereign protocol money before legacy finance co-opts the innovation.
What Happened to the Revolution?
Protocol: OlympusDAO
Date: 2025-05-07 16:18:38
Link: https://olympusdao.medium.com/what-happened-to-the-revolution-6f679905101b
Description: Olympus reflects on crypto’s original goal of financial sovereignty, warning that incremental improvements for banks risk diluting the mission without tokens designed for lasting autonomy and value.
SNXweave Weekly Recap 180
Protocol: Synthetix
Date: 2025-05-07 20:14:15
Link: https://blog.synthetix.io/snxweave-weekly-recap-180/
Description: SNXweave covers the 420 Pool opening with 5 million SNX rewards, the 12 May debt-jubilee deposit deadline, active Spartan Council elections, and a partner spotlight on the Mass mobile perpetual-trading app.
Sei Labs Proposes EVM-Only Architecture in Recently Launched Governance Framework
Protocol: Sei
Date: 2025-05-07 19:45:06
Description: Sei Labs submits SIP-3 to retire CosmWasm and Cosmos transactions, aiming for a streamlined EVM-only chain that simplifies architecture and deepens alignment with Ethereum tooling.
Sui Basecamp 2025 Goes Fullstack
Protocol: Sui
Date: 2025-05-07 16:50:29
Link: https://blog.sui.io/basecamp-2025-dubai-stack-btcfi-ai/
Description: Sui Foundation recaps its Dubai Basecamp, highlighting new components across compute, storage, privacy, DeFi, BTCfi, and AI, and unveiling the SuiPlay0X1 crypto gaming device.
Governance
UAC Season 4 Application
Protocol: Uniswap
Date: 2025-05-08 05:30:17
Link: https://gov.uniswap.org/t/uac-season-4-application/25580
Description: PGov posted an application for Season 4 of the Uniswap Accountability Committee, outlining goals and requesting community feedback.
Pectra Upgrade is Complete - Everything is Working as Expected
Protocol: EigenLayer
Date: 2025-05-07 21:54:19
Link: https://forum.eigenlayer.xyz/t/pectra-upgrade-is-complete-everything-is-working-as-expected/14554
Description: graceh announced that the Pectra upgrade has finished successfully and reported smooth operations across the EigenLayer network.
ELIP-006: Redistributable Slashing
Protocol: EigenLayer
Date: 2025-05-07 19:07:19
Link: https://forum.eigenlayer.xyz/t/elip-006-redistributable-slashing/14553
Description: matt.nelson posted proposal ELIP-006 to introduce redistributable slashing, enabling slashed funds to be reallocated within EigenLayer’s restaking ecosystem.
Morpho Governance Call - May 8, 2025
Protocol: Morpho
Date: 2025-05-08 08:34:40
Link: https://forum.morpho.org/t/morpho-governance-call-may-8-2025/1758
Description: WinVerse_DAOplomats scheduled a Morpho governance call for 8 May 2025 to discuss protocol updates and community questions.
dYdX Chain Staking Report. April 2025 (By Validator.Info)
Protocol: dYdX
Date: 2025-05-07 15:55:52
Link: https://dydx.forum/t/dydx-chain-staking-report-april-2025-by-validator-info/3581
Description: Validator.Info posted the April 2025 staking report, detailing validator performance and staking metrics for the dYdX Chain.
Governance Proposal - First Amendment to Bylaws
Protocol: Orca
Date: 2025-05-07 14:27:48
Link: https://forums.orca.so/t/governance-proposal-first-amendment-to-bylaws/944
Description: CouncilSecretary introduced a governance proposal to adopt the first amendment to Orca’s bylaws, inviting discussion from token-holders.
[BIP-825] Enable YieldFi yUSD/USDC gauges on Balancer v3 Arbitrum new pool deployment
Protocol: Balancer
Date: 2025-05-07 13:03:32
Description: Xeonus submitted BIP-825 seeking to activate YieldFi yUSD/USDC gauges for a new Balancer v3 pool on Arbitrum.
[BIP-824] Enable YieldFi yUSD/USDC gauges on Balancer v3 Base new pool deployment
Protocol: Balancer
Date: 2025-05-07 12:52:17
Description: Xeonus proposed BIP-824 to enable YieldFi yUSD/USDC gauges for a Balancer v3 pool on Base, mirroring the Arbitrum deployment.
Determine resolver functionalities using named contracts w/ ABI resolver
Protocol: ENS
Date: 2025-05-07 21:38:23
Description: nick.eth opened a discussion on using named contracts with the ABI resolver to clarify available resolver functionalities for ENS names.
Voting report (nick.eth)
Protocol: ENS
Date: 2025-05-08 08:55:12
Link: https://discuss.ens.domains/t/voting-report-nick-eth/20746
Description: web3bio posted a voting report summarizing nick.eth’s recent on-chain and off-chain governance participation.
Voting Report (brantly.eth)
Protocol: ENS
Date: 2025-05-08 01:03:40
Link: https://discuss.ens.domains/t/voting-report-brantly-eth/20742
Description: brantlymillegan shared an overview of brantly.eth’s votes and rationale across current ENS governance proposals.
[6.10][Social] Select providers for Service Provider Program Season II
Protocol: ENS
Date: 2025-05-07 21:47:39
Description: daostrat.eth initiated a social proposal to choose service providers for the second season of the ENS Service Provider Program.
Integrate SyrupUSDC on Euler Yield Market
Protocol: Euler
Date: 2025-05-07 13:02:30
Link: https://forum.euler.finance/t/integrate-syrupusdc-on-euler-yield-market/1402
Description: Maple proposed adding SyrupUSDC to the Euler Yield Market, aiming to expand supported assets and liquidity options.
Round 25 - GMC Call for Grant Applications - Deadline is June 7
Protocol: Rocket Pool
Date: 2025-05-08 00:10:18
Link: https://dao.rocketpool.net/t/round-25-gmc-call-for-grant-applications-deadline-is-june-7/3608
Description: ShfRyn invited the community to submit grant applications for Rocket Pool’s Grants and Milestones Committee Round 25, with a deadline of 7 June.
Round 25 - GMC Call for Retrospective Applications - Deadline is June 7
Protocol: Rocket Pool
Date: 2025-05-08 00:37:48
Description: ShfRyn opened Round 25 retrospective funding applications, encouraging contributors to seek compensation for completed Rocket Pool work before 7 June.
Round 25 - GMC Call for Bounty Applications - Deadline is June 7
Protocol: Rocket Pool
Date: 2025-05-08 00:35:44
Link: https://dao.rocketpool.net/t/round-25-gmc-call-for-bounty-applications-deadline-is-june-7/3610
Description: ShfRyn requested new bounty proposals for Rocket Pool’s Grants and Milestones Committee Round 25, with submissions due by 7 June.
Round 25 - GMC Community Discussion of Submitted Applications
Protocol: Rocket Pool
Date: 2025-05-08 00:11:18
Link: https://dao.rocketpool.net/t/round-25-gmc-community-discussion-of-submitted-applications/3609
Description: ShfRyn launched a thread for community discussion of Round 25 grant, bounty, and retrospective applications ahead of final Rocket Pool decisions.
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