US Bitcoin spot ETFs saw a total net inflow of $630 million on May 1st.
U.S. Bitcoin spot ETFs recorded a total net inflow of $630 million on May 1 (Eastern Time). The largest inflow was seen in BlackRock's IBIT at $284 million, followed by Fidelity's FBTC at $213 million.
According to Odaily, SoSoValue statistics show that BlackRock's IBIT has seen a cumulative net inflow of $32.7 billion, while Fidelity's FBTC has seen a cumulative net inflow of $11.082 billion.
As of the time of writing, the total net asset value of Bitcoin spot ETFs is $103.785 billion. The ETF's net assets represent 6.66% of Bitcoin's total market capitalization, with a cumulative net inflow of $58.718 billion.
WSJ: "The Federal Reserve has begun discussing the possibility of raising interest rates."
The Wall Street Journal reported on the 2nd that the Federal Reserve has begun discussions about future policy turning points and the possibility of interest rate hikes. The report explained that market focus is shifting from when to resume rate cuts to under what conditions a rate hike would be necessary.
According to reports, Nick Timuraus, known as the "mouthpiece of the Federal Reserve," revealed that three regional Federal Reserve presidents, including Dallas Fed President Lori Logan and Minneapolis Fed President Neal Kashkari, opposed retaining the statement that "the next step is more likely to be a rate cut" at this week's meeting.
They argue that the rate should reflect the possibility that the next interest rate adjustment could be either a rate cut or a rate hike. Federal Reserve Chairman Jerome Powell also stated that the Fed is gradually shifting from a "prone to rate cuts" stance to a "neutral stance."
Chairman Powell explained that if future interest rate hikes are needed, the Fed may first shift to a neutral stance before signaling further tightening. Timothy commented that the focus of internal Fed discussions has shifted from when to resume rate cuts to the conditions under which rate hikes are necessary.
Previously, the Federal Reserve had adjusted its policy path based on price and employment indicators. This report has been interpreted as a setback in easing expectations and a potential resurgence of policy uncertainty, which is putting pressure on overall risk assets.
"The Bitcoin industry and major banks have reached a compromise on the Clarity Act," a White House correspondent reported.
A White House correspondent reported that the Bitcoin industry and major banks have reached a formal compromise on the Clarity Act, allowing the market structure bill to enter the marking phase.
Pete Rizzo (@pete_rizzo_) shared the news through the X platform, commenting that the agreement signals progress in discussions on legislation regarding the structure of the cryptocurrency market within the United States.
Marking is a formal procedure for Congress to review and amend the text of the bill. If this news is confirmed, discussions about expanding the clarity of digital asset regulation could accelerate.
Odaily reports that the Ethereum spot ETF saw a net inflow of $101 million on May 1st.
According to Odaily, on May 1st, Eastern Time, the total net inflow into the Ethereum spot ETF was $101 million.
The product with the largest net inflow of funds that day was Fidelity's FETH, with a net inflow of $49.39 million. The cumulative net inflow of FETH is $2.289 billion.
BlackRock's ETHA followed closely with a net inflow of $43.16 million. As of this writing, ETHA's cumulative net outflow was $100 million.
Currently, the total net assets of the Ethereum spot ETF are $13.603 billion, representing 4.93% of Ethereum's market capitalization. Cumulative net inflows have reached $12.016 billion.
A vulnerability in the Solana Meteor ANB pool was exploited, causing ANB to plummet by 99%.
According to Odaily, SolanaFloor, which focuses on news about the Solana ecosystem, claimed through its X platform that an account suspected to be a MEV bot exploited a vulnerability in Meteora's ANB pool to manipulate the pool price using the MEV method, exchanging $0.22 worth of USDC for $696,000 worth of USDC in a single transaction.
It is reported that ANB tokens fell by 99% after the attack.
Meteora is a liquidity protocol based on Solana, and this incident is seen as a further highlight of the structural vulnerabilities in DeFi pools within the Solana ecosystem and the risk of MEV attacks.
The Zcash Foundation released Zebra 4.4.0...fixing multiple consensus-level security vulnerabilities.
PANews reported on the 2nd that the Zcash Foundation has released Zebra version 4.4.0 and fixed several consensus-level security vulnerabilities.
The foundation recommends that all node operators upgrade immediately. This update resolves issues such as denial-of-service attacks that could permanently disrupt new block generation, consensus disagreements caused by miscalculation of sigops during block signing, abnormally transparent transaction signature hash processing, and the risk of memory allocation amplification attacks.
According to the foundation, some vulnerabilities could cause Zebra nodes to accept blocks rejected by zcashd, leading to a chain fork. If not updated promptly, this could result in issues such as block synchronization disruptions, consensus forks, and increased resource consumption, and there are currently no specific mitigation measures available.
The possibility of Iran resuming war with the United States
Iran has stated that resuming war with the United States is possible.
According to Odaily, the remarks originated from Solid Intel. Such content could exacerbate geopolitical tensions in the Middle East and put pressure on overall investor sentiment towards risk assets.
The US Treasury Department's OFAC's claim that "paying passage fees to Iran through the Strait of Hormuz using digital assets may violate sanctions"
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) warned that paying so-called passage fees to Iran through the Strait of Hormuz in the form of digital assets or other means could violate U.S. sanctions against Iran.
According to papuslab.com, OFAC stated that any payment methods, such as currency, digital assets, offsetting transactions, in-kind payments, or donations to the Iranian Red Cross, the Mostazafan Foundation, or the Iranian Embassy's accounts, in response to Iran's recent demands for passage fees under the guise of ensuring safe navigation, could be considered as supporting the Iranian government or the Islamic Revolutionary Guard Corps (IRGC).
OFAC emphasizes that transactions between U.S. citizens and U.S.-controlled overseas entities and the Iranian government, IRGC, and Iranian digital asset exchanges are generally prohibited. Furthermore, non-U.S. entities involved in related payments or supporting Iranian financial institutions may also face secondary sanctions or civil and criminal liabilities.
At the same time, OFAC recommends that shipping and maritime service companies strengthen due diligence on vessels transiting Iranian waters or calling at Iranian ports.
A whale transferred 300 million USDT to HTX from an unconfirmed address.
According to Whale Alert, a whale transferred 300 million USDT (approximately $299.97 million) to HTX from an unconfirmed address.
The funds flowing into exchanges can usually be interpreted as funds intended for buying or trading, but the actual buying and selling intentions and purposes cannot be determined solely from on-chain transfers.
Source: Whale Alert.
Taiwanese legislators submit report on using foreign exchange reserves to introduce Bitcoin reserves.
According to Wublockchain, Taiwanese legislator Ge Junyi has submitted a report to the Premier and the Central Bank of Taiwan regarding the use of foreign exchange reserves to introduce Bitcoin reserves.
According to the Bitcoin Policy Institute (BPI), Commissioner Ge submitted a report that included a plan to establish local-level Bitcoin reserves. This suggests that governments and central banks may be considering reviewing Bitcoin as part of their foreign exchange reserve systems.
Previously, some countries and regions had discussed strategic Bitcoin reserves or including them in public reserve assets. However, it has not yet been confirmed whether the Taiwanese government and central bank have actually initiated policy reviews.
