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On May 5, U.S. stocks opened with the Dow Jones up 0.45%, the S&P 500 up 0.57%, and the Nasdaq up 0.76%. Storage stocks continued their upward trend, with Micron Technology (MU.O) rising 6%, SanDisk (SNDK.O) up 3%, and Western Digital (WDC.O) up 3.5%. PayPal (PYPL.O) fell 10% after earnings. Intel (INTC.O) rose 6% in early trading.

[U.S. Stocks Open Higher, Intel Rises 6% in Early Trading]On May 5, U.S. stocks opened with the Dow Jones up 0.45%, the S&P 500 up 0.57%, and the Nasdaq up 0.76%. Storage stocks continued their upward trend, with Micron Technology (MU.O) rising 6%, SanDisk (SNDK.O) up 3%, and Western Digital (WDC.O) up 3.5%. PayPal (PYPL.O) fell 10% after earnings. Intel (INTC.O) rose 6% in early trading.

U.S. Stocks Open Higher, Intel Rises 6% in Early Trading

On May 5, Bitcoin rose approximately 3.5% this week, reaching a high of $81,325, marking the highest point since January of this year. There is a clear divide in the market regarding the nature of the current trend: some analysts believe we have entered a 'super cycle,' while others argue it is merely a bear market rally. Several analysts have pointed out that, with institutions continuing to accumulate, Bitcoin could potentially reach between $180,000 and $200,000 within the next year, and even aim for the $250,000 range in the long term. However, this is contingent on the price maintaining a mid-term support level around $60,000; otherwise, the super cycle narrative could be undermined. From a technical perspective, Bitcoin is currently testing the key resistance zone between $80,000 and $82,000, which coincides with the 200-day moving average and the upper boundary of a descending channel, historically serving as strong resistance. If it fails to break through effectively, a short-term pullback to the $70,000 to $72,000 range may occur, and in extreme cases, it could even dip to $50,000. Analysts also note that the current market structure indicates institutional demand is absorbing new supply, resulting in a milder pullback compared to previous bear markets; however, the outcome of breaking through the key resistance level will still determine the direction of future trends.

[Bitcoin Surpasses $81,000: Super Cycle or Bear Market Rally?]On May 5, Bitcoin rose approximately 3.5% this week, reaching a high of $81,325, marking the highest point since January of this year. There is a clear divide in the market regarding the nature of the current trend: some analysts believe we have entered a 'super cycle,' while others argue it is merely a bear market rally. Several analysts have pointed out that, with institutions continuing to accumulate, Bitcoin could potentially reach between $180,000 and $200,000 within the next year, and even aim for the $250,000 range in the long term. However, this is contingent on the price maintaining a mid-term support level around $60,000; otherwise, the super cycle narrative could be undermined. From a technical perspective, Bitcoin is currently testing the key resistance zone between $80,000 and $82,000, which coincides with the 200-day moving average and the upper boundary of a descending channel, historically serving as strong resistance. If it fails to break through effectively, a short-term pullback to the $70,000 to $72,000 range may occur, and in extreme cases, it could even dip to $50,000. Analysts also note that the current market structure indicates institutional demand is absorbing new supply, resulting in a milder pullback compared to previous bear markets; however, the outcome of breaking through the key resistance level will still determine the direction of future trends.

Bitcoin Surpasses $81,000: Super Cycle or Bear Market Rally?

On May 5, as the market awaits clarity on the reopening of the Strait of Hormuz, crude oil futures prices continue to show volatility. Analyst Nikos Chabralas stated in a report that recent hostilities may disrupt the ceasefire agreement, thereby maintaining the risk premium. He added that as the conflict persists, crude oil prices are still expected to reach new highs, but the long-term energy shocks have intensified the risk of demand destruction, which "could ultimately undermine the support for rising oil prices." (Jinshi)

[Uncertain Outlook for the Reopening of the Strait of Hormuz, Oil Prices Exhibit Volatility]On May 5, as the market awaits clarity on the reopening of the Strait of Hormuz, crude oil futures prices continue to show volatility. Analyst Nikos Chabralas stated in a report that recent hostilities may disrupt the ceasefire agreement, thereby maintaining the risk premium. He added that as the conflict persists, crude oil prices are still expected to reach new highs, but the long-term energy shocks have intensified the risk of demand destruction, which "could ultimately undermine the support for rising oil prices." (Jinshi)

Uncertain Outlook for the Reopening of the Strait of Hormuz, Oil Prices Exhibit Volatility

On May 5, Strategy founder Michael Saylor announced that the company has realized gains of 63,410 BTC this year (approximately $5.1 billion). The current total holdings amount to 818,334 BTC, which represents about 3.9% of the total Bitcoin supply. Data shows that the company's current Bitcoin reserves are valued at approximately $66.299 billion, with a year-to-date return of 9.4%.

[Strategy Achieves Approximately $5.1 Billion in Gains This Year]On May 5, Strategy founder Michael Saylor announced that the company has realized gains of 63,410 BTC this year (approximately $5.1 billion). The current total holdings amount to 818,334 BTC, which represents about 3.9% of the total Bitcoin supply. Data shows that the company's current Bitcoin reserves are valued at approximately $66.299 billion, with a year-to-date return of 9.4%.

Strategy Achieves Approximately $5.1 Billion in Gains This Year

Galaxy Digital has announced the launch of the tokenized cash management fund 'State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP)' in partnership with State Street Bank. This initiative aims to migrate cash management and yield products to the blockchain network, enabling 24/7 on-chain liquidity management. The fund is initially built on Solana, with plans to expand to Ethereum and Stellar. Galaxy is responsible for the tokenization infrastructure, Anchorage Digital provides custody services, while State Street manages the underlying traditional securities assets.

[Galaxy Digital and State Street Launch Tokenized Cash Management Fund SWEEP on Solana]Galaxy Digital has announced the launch of the tokenized cash management fund 'State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP)' in partnership with State Street Bank. This initiative aims to migrate cash management and yield products to the blockchain network, enabling 24/7 on-chain liquidity management. The fund is initially built on Solana, with plans to expand to Ethereum and Stellar. Galaxy is responsible for the tokenization infrastructure, Anchorage Digital provides custody services, while State Street manages the underlying traditional securities assets.

Galaxy Digital and State Street Launch Tokenized Cash Management Fund SWEEP on Solana

On May 5, following WLFI's lawsuit against Sun Yuchen yesterday, Vincent Chok, founder of FDT (First Digital Trust), stated today that WLFI is not the first target publicly targeted by Sun Yuchen, as FDT has been entangled in litigation with him for over a year. Vincent Chok mentioned that in the past 12 months, Sun Yuchen has made public accusations against FDT but has yet to submit any substantial evidence. During this time, Sun Yuchen has publicly offered rewards for so-called 'internal evidence' twice, with the amount increasing from $50 million to $100 million, but so far, no one has claimed the reward.

[FDT Founder Vincent Chok: WLFI Not the First Target of Sun Yuchen, No Evidence in Lawsuit Against FDT for Years]On May 5, following WLFI's lawsuit against Sun Yuchen yesterday, Vincent Chok, founder of FDT (First Digital Trust), stated today that WLFI is not the first target publicly targeted by Sun Yuchen, as FDT has been entangled in litigation with him for over a year. Vincent Chok mentioned that in the past 12 months, Sun Yuchen has made public accusations against FDT but has yet to submit any substantial evidence. During this time, Sun Yuchen has publicly offered rewards for so-called 'internal evidence' twice, with the amount increasing from $50 million to $100 million, but so far, no one has claimed the reward.

FDT Founder Vincent Chok: WLFI Not the First Target of Sun Yuchen, No Evidence in Lawsuit Against FDT for Years

On May 5, 2026, driven by the high-frequency and stable operation of the Matrix Prime market-making system, the DMDAO protocol has completed a new round of asset removal. Real-time on-chain monitoring shows that the DMD burn volume continues to remain high, with the protocol advancing toward its ultimate scarcity target at an unprecedented pace.

[DMDAO 7-Day Cumulative Burn Surpasses 33,317.77 DMD]On May 5, 2026, driven by the high-frequency and stable operation of the Matrix Prime market-making system, the DMDAO protocol has completed a new round of asset removal. Real-time on-chain monitoring shows that the DMD burn volume continues to remain high, with the protocol advancing toward its ultimate scarcity target at an unprecedented pace.

DMDAO 7-Day Cumulative Burn Surpasses 33,317.77 DMD

On May 5, as Bitcoin's price rose to approximately $81,000, its perpetual contract's 30-day average funding rate has remained negative for 66 consecutive days, setting a record for the longest duration this decade. Data shows that in a negative funding rate environment, short sellers must pay fees to long holders, with the annualized cost currently around 12%. Despite this, Bitcoin's price increased by about 12% in April, and open interest (OI) also grew by approximately 12%, indicating that there has not been a typical panic short-selling in the market. Analysts point out that this phenomenon is primarily driven by institutional hedging behaviors rather than simple bearish sentiment, including hedge funds shorting futures during redemption cycles, basis trading strategies (going long on related stocks while shorting Bitcoin), and mining companies hedging their Bitcoin assets as they shift towards AI computing business. Historical data indicates that buying Bitcoin during similar negative funding rate phases has an 83% to 96% probability of yielding positive returns within a 90-day period. The market generally believes that if the price effectively breaks through the key resistance level of around $82,000, it may trigger a short-covering rally, pushing prices further up; conversely, it could retreat to oscillate within the $70,000 to $75,000 range.

[Negative Funding Rate for 66 Days; Bitcoin Rises to Around $81,000 Driven by Institutional Hedging]On May 5, as Bitcoin's price rose to approximately $81,000, its perpetual contract's 30-day average funding rate has remained negative for 66 consecutive days, setting a record for the longest duration this decade. Data shows that in a negative funding rate environment, short sellers must pay fees to long holders, with the annualized cost currently around 12%. Despite this, Bitcoin's price increased by about 12% in April, and open interest (OI) also grew by approximately 12%, indicating that there has not been a typical panic short-selling in the market. Analysts point out that this phenomenon is primarily driven by institutional hedging behaviors rather than simple bearish sentiment, including hedge funds shorting futures during redemption cycles, basis trading strategies (going long on related stocks while shorting Bitcoin), and mining companies hedging their Bitcoin assets as they shift towards AI computing business. Historical data indicates that buying Bitcoin during similar negative funding rate phases has an 83% to 96% probability of yielding positive returns within a 90-day period. The market generally believes that if the price effectively breaks through the key resistance level of around $82,000, it may trigger a short-covering rally, pushing prices further up; conversely, it could retreat to oscillate within the $70,000 to $75,000 range.

Negative Funding Rate for 66 Days; Bitcoin Rises to Around $81,000 Driven by Institutional Hedging

Гигант международных переводов Western Union объявил о запуске стабильной монеты USD USDPT на блокчейне Solana. USDPT выпускается Anchorage Digital Bank и полностью обеспечен 1:1 долларами США. Построенный на Solana, он нацелен на предоставление уровня расчетов в цепочке для трансакций между странами. Объединяя эффективность расчетов на блокчейне с глобальной сетью соблюдения норм и распределения Western Union, USDPT будет напрямую интегрирован в его глобальную платежную систему для создания более эффективного уровня расчетов, обслуживающего агентов, партнеров и будущие сценарии потребительских приложений.

[Western Union запускает стабильную монету USD USDPT на Solana]Гигант международных переводов Western Union объявил о запуске стабильной монеты USD USDPT на блокчейне Solana. USDPT выпускается Anchorage Digital Bank и полностью обеспечен 1:1 долларами США. Построенный на Solana, он нацелен на предоставление уровня расчетов в цепочке для трансакций между странами. Объединяя эффективность расчетов на блокчейне с глобальной сетью соблюдения норм и распределения Western Union, USDPT будет напрямую интегрирован в его глобальную платежную систему для создания более эффективного уровня расчетов, обслуживающего агентов, партнеров и будущие сценарии потребительских приложений.

Western Union запускает стабильную монету USD USDPT на Solana

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Western Union запускает стабильную монету USD USDPT на Solana

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

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