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On May 2, venture capital firm a16z expressed support for the U.S. Commodity Futures Trading Commission (CFTC) in opposing a series of actions by various states aimed at suppressing prediction markets. On Friday, a16z submitted an 18-page comment letter to the CFTC, stating that the actions taken by state regulators against prediction market platforms—including cease-and-desist orders and proposed bans—are creating "serious barriers to fair access for users." In just the past month, the CFTC has filed a series of lawsuits against Illinois, Arizona, Connecticut, New York, and Wisconsin, arguing that these states are attempting to regulate markets overseen by the federal government, exceeding their jurisdiction. a16z contended that requiring trading platforms to block U.S. users based on their state of residence conflicts with the CFTC's rules on fair market access. The company wrote: "Being forced to deny fair access to users from states seeking to license or ban certain event contracts could severely compress available liquidity." CFTC Chairman Mike Selig argued that event contracts in prediction markets fall under the category of swap contracts, placing them within the CFTC's "exclusive jurisdiction." State regulators and attorneys general countered that platforms like Kalshi and Polymarket offer unlicensed gambling products. a16z also discussed the utility it claims prediction markets provide, stating that their pricing mechanism is a "unique form of price discovery" that helps to "reveal the probabilities of uncertain events." The company further argued that blockchain-based prediction markets are more transparent than traditional platforms, asserting that the "auditability of on-chain transactions" makes it easier for participants and regulators to oversee. In April, the cumulative trading volume of prediction markets Polymarket and Kalshi surpassed $15 billion.

[a16z Supports CFTC Against State Actions Targeting Prediction Markets]On May 2, venture capital firm a16z expressed support for the U.S. Commodity Futures Trading Commission (CFTC) in opposing a series of actions by various states aimed at suppressing prediction markets. On Friday, a16z submitted an 18-page comment letter to the CFTC, stating that the actions taken by state regulators against prediction market platforms—including cease-and-desist orders and proposed bans—are creating "serious barriers to fair access for users." In just the past month, the CFTC has filed a series of lawsuits against Illinois, Arizona, Connecticut, New York, and Wisconsin, arguing that these states are attempting to regulate markets overseen by the federal government, exceeding their jurisdiction. a16z contended that requiring trading platforms to block U.S. users based on their state of residence conflicts with the CFTC's rules on fair market access. The company wrote: "Being forced to deny fair access to users from states seeking to license or ban certain event contracts could severely compress available liquidity." CFTC Chairman Mike Selig argued that event contracts in prediction markets fall under the category of swap contracts, placing them within the CFTC's "exclusive jurisdiction." State regulators and attorneys general countered that platforms like Kalshi and Polymarket offer unlicensed gambling products. a16z also discussed the utility it claims prediction markets provide, stating that their pricing mechanism is a "unique form of price discovery" that helps to "reveal the probabilities of uncertain events." The company further argued that blockchain-based prediction markets are more transparent than traditional platforms, asserting that the "auditability of on-chain transactions" makes it easier for participants and regulators to oversee. In April, the cumulative trading volume of prediction markets Polymarket and Kalshi surpassed $15 billion.

a16z Supports CFTC Against State Actions Targeting Prediction Markets

On May 2, foreign media analysis reported that the conflict with Iran has lasted for over two months without any decisive military or diplomatic outcomes. During this time, Trump faces the risk that the stalemate with Iran could continue indefinitely, leading to more severe issues for the U.S. and the world than those present before he initiated this war. Both sides appear confident, believing they hold the advantage and are far apart in their positions, leaving no clear path for de-escalation. Even though Iran has proposed reopening negotiations, Trump quickly rejected this on Friday. For Trump and the Republican Party, the consequences of the ongoing stalemate are extremely serious. If the conflict remains unresolved, the negative impact on the global economy (including persistently high gasoline prices in the U.S.) is likely to continue, putting greater pressure on Trump (whose approval ratings are declining) and making the prospects for Republican candidates even dimmer, especially ahead of the midterm elections in November.

[Analysis: Iran Stalemate May Leave Trump in a Worse Position Than Before War]On May 2, foreign media analysis reported that the conflict with Iran has lasted for over two months without any decisive military or diplomatic outcomes. During this time, Trump faces the risk that the stalemate with Iran could continue indefinitely, leading to more severe issues for the U.S. and the world than those present before he initiated this war. Both sides appear confident, believing they hold the advantage and are far apart in their positions, leaving no clear path for de-escalation. Even though Iran has proposed reopening negotiations, Trump quickly rejected this on Friday. For Trump and the Republican Party, the consequences of the ongoing stalemate are extremely serious. If the conflict remains unresolved, the negative impact on the global economy (including persistently high gasoline prices in the U.S.) is likely to continue, putting greater pressure on Trump (whose approval ratings are declining) and making the prospects for Republican candidates even dimmer, especially ahead of the midterm elections in November.

Analysis: Iran Stalemate May Leave Trump in a Worse Position Than Before War

On May 2, according to Farside monitoring, the US Bitcoin spot ETF recorded a net inflow of $629.8 million yesterday, with IBIT contributing $284.4 million and FBTC contributing $213.4 million. The Ethereum ETF saw a net inflow of $101.2 million, with FETH bringing in $49.4 million and ETHA bringing in $43.2 million.

[US Bitcoin Spot ETF Sees $629.8 Million Net Inflow, Ethereum ETF Sees $101.2 Million Net Inflow]On May 2, according to Farside monitoring, the US Bitcoin spot ETF recorded a net inflow of $629.8 million yesterday, with IBIT contributing $284.4 million and FBTC contributing $213.4 million. The Ethereum ETF saw a net inflow of $101.2 million, with FETH bringing in $49.4 million and ETHA bringing in $43.2 million.

US Bitcoin Spot ETF Sees $629.8 Million Net Inflow, Ethereum ETF Sees $101.2 Million Net Inflow

On May 2, Wall Street showcased a prosperous scene once again, with the stock market reaching new highs and investors' risk appetite rebounding—alternative investment strategies also found success. The S&P 500 and Nasdaq 100 indices both closed at historic highs this month, driven by the earnings performance of large tech companies and a strong earnings forecast from Apple. While there is optimism in traditional asset markets, a different scenario is unfolding in the realm of alternative investment strategies. According to data from Hedge Fund Research, hedge funds attracted $45 billion in the first quarter of this year, marking the highest inflow for two quarters since 2007 and pushing the total assets in the industry to a historic high of $5.2 trillion. Additionally, data from Societe Generale indicates that trend-following quantitative funds have seen an approximate 10% year-to-date increase in May, outperforming the US stock market.

[Hedge Fund Assets Reach Record High as US Stocks Hit New Peaks]On May 2, Wall Street showcased a prosperous scene once again, with the stock market reaching new highs and investors' risk appetite rebounding—alternative investment strategies also found success. The S&P 500 and Nasdaq 100 indices both closed at historic highs this month, driven by the earnings performance of large tech companies and a strong earnings forecast from Apple. While there is optimism in traditional asset markets, a different scenario is unfolding in the realm of alternative investment strategies. According to data from Hedge Fund Research, hedge funds attracted $45 billion in the first quarter of this year, marking the highest inflow for two quarters since 2007 and pushing the total assets in the industry to a historic high of $5.2 trillion. Additionally, data from Societe Generale indicates that trend-following quantitative funds have seen an approximate 10% year-to-date increase in May, outperforming the US stock market.

Hedge Fund Assets Reach Record High as US Stocks Hit New Peaks

ELA fluctuated by 70.74% within 24 hours, current price $0.733

【ELA fluctuated over 50% in 24 hours!】ELA fluctuated by 70.74% within 24 hours, current price $0.733

ELA fluctuated over 50% in 24 hours!

On May 2, according to monitoring by Farside, the US Bitcoin spot ETF saw a net inflow of $629.8 million yesterday, with IBIT contributing $284.4 million and FBTC $213.4 million. The Ethereum ETF experienced a net inflow of $101.2 million, with FETH bringing in $49.4 million and ETHA $43.2 million.

[US Bitcoin Spot ETF Sees $629.8 Million Net Inflow, Ethereum ETF $101.2 Million]On May 2, according to monitoring by Farside, the US Bitcoin spot ETF saw a net inflow of $629.8 million yesterday, with IBIT contributing $284.4 million and FBTC $213.4 million. The Ethereum ETF experienced a net inflow of $101.2 million, with FETH bringing in $49.4 million and ETHA $43.2 million.

US Bitcoin Spot ETF Sees $629.8 Million Net Inflow, Ethereum ETF $101.2 Million

On May 2, crypto analyst Ali Martinez stated that as May begins, Bitcoin continues to fluctuate within a narrow range, while a cluster of orders at key price levels is forming, which could become a core area for large-scale liquidations. The upper resistance is set at $80,000, a significant psychological and technical barrier that has accumulated substantial short liquidity. If this level is breached, it may trigger a short squeeze, rapidly pushing the price up to $84,000. On the downside, if $80,000 fails to break, the liquidity zones below include $75,000, $73,000, and $70,000, which may support a pullback. He pointed out that the current market is in a tug-of-war between bulls and bears, and if the price effectively breaks through the $75,000 to $80,000 range on a daily basis, it could determine the overall trend for the month.

[Analyst: $80,000 is a Key Resistance Level for Bitcoin, Breakthrough Could Trigger Short Squeeze to $84,000]On May 2, crypto analyst Ali Martinez stated that as May begins, Bitcoin continues to fluctuate within a narrow range, while a cluster of orders at key price levels is forming, which could become a core area for large-scale liquidations. The upper resistance is set at $80,000, a significant psychological and technical barrier that has accumulated substantial short liquidity. If this level is breached, it may trigger a short squeeze, rapidly pushing the price up to $84,000. On the downside, if $80,000 fails to break, the liquidity zones below include $75,000, $73,000, and $70,000, which may support a pullback. He pointed out that the current market is in a tug-of-war between bulls and bears, and if the price effectively breaks through the $75,000 to $80,000 range on a daily basis, it could determine the overall trend for the month.

Analyst: $80,000 is a Key Resistance Level for Bitcoin, Breakthrough Could Trigger Short Squeeze to $84,000

On May 2, data from GMGN showed that the market cap of the BSC-based meme coin B (BUILDon) surpassed $350 million, currently priced at $0.352, with a rise of over 176% in the last 24 hours. The 24-hour trading volume reached $71.2 million. BlockBeats advises users that the prices of related tokens are highly volatile, and users should invest with caution.

[BSC-based Meme Coin B Surpasses $350 Million Market Cap, Rises Over 176% in 24 Hours]On May 2, data from GMGN showed that the market cap of the BSC-based meme coin B (BUILDon) surpassed $350 million, currently priced at $0.352, with a rise of over 176% in the last 24 hours. The 24-hour trading volume reached $71.2 million. BlockBeats advises users that the prices of related tokens are highly volatile, and users should invest with caution.

BSC-based Meme Coin B Surpasses $350 Million Market Cap, Rises Over 176% in 24 Hours

On May 2, according to data from Cloverpool, the Bitcoin mining difficulty was adjusted at block height 947,520 (one hour ago), decreasing by 2.30% to 132.47 T. Currently, the average network hash rate over the past seven days is 965.99 EH/s.

[Bitcoin Mining Difficulty Decreases by 2.30% to 132.47 T]On May 2, according to data from Cloverpool, the Bitcoin mining difficulty was adjusted at block height 947,520 (one hour ago), decreasing by 2.30% to 132.47 T. Currently, the average network hash rate over the past seven days is 965.99 EH/s.

Bitcoin Mining Difficulty Decreases by 2.30% to 132.47 T

On May 1, the U.S. Senate unanimously passed a regulation on Thursday that prohibits senators from participating in prediction market trading, which takes effect immediately. This move comes amid growing concerns over insider trading on prediction market platforms such as Kalshi and Polymarket, as well as contracts related to events that may involve death or violence.

[U.S. Senate Passes Regulation Limiting Senators' Participation in Prediction Market Trading]On May 1, the U.S. Senate unanimously passed a regulation on Thursday that prohibits senators from participating in prediction market trading, which takes effect immediately. This move comes amid growing concerns over insider trading on prediction market platforms such as Kalshi and Polymarket, as well as contracts related to events that may involve death or violence.

U.S. Senate Passes Regulation Limiting Senators' Participation in Prediction Market Trading

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U.S. Senate Passes Regulation Limiting Senators' Participation in Prediction Market Trading

Disclaimer：Il contenuto di cui sopra non rappresenta le posizioni di HTX.，HTX non fornisce alcuna raccomandazione di trading.。

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