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Short-term bitcoin holders are facing heavy losses, making them the most likely to sell if the market drops further.
Donald Trump has extended his lead over Kamala Harris in U.S. presidential election odds on the decentralized predictions platform Polymarket.The seven percentage point gap is the highest since Aug. 22 but contrasts with average national polling in Harris’ favor.
US spot Bitcoin exchange-traded funds (ETFs) saw $37.29 million in outflows on Wednesday, marking the sixth consecutive day of negative flows.
Blockstream has launched Series 3 of its BMN2 security token, which provides direct exposure to the firm’s Bitcoin hash rate.The firm said the launch comes amid heightened investor interest in bitcoin mining opportunities.
Bitcoin is well and truly stuck, the analysis concludes, but there are signs that a BTC price breakout from an increasingly “unstable” range is brewing.
- 04:59Movement Labs Announces the Dismissal of Rushi MancheAccording to a report by Jinse Finance, Movement Labs has removed co-founder Rushi Manche from his position, and the project will continue under a new leadership team. Details regarding the leadership changes and the new governance structure will be announced soon.
- 04:38Overview of Important Developments on May 7th at Noon7:00-12:00 Keywords: People's Bank of China, Metaplanet, NEAR ETF, Futu Securities 1. The People's Bank of China announced interest rate cuts and reserve requirement ratio reductions; 2. The U.S. Senate launches an investigation into Trump's cryptocurrency activities; 3. Japanese listed company Metaplanet increased its holdings by 555 Bitcoins again; 4. Bitwise has submitted a listing application for a spot NEAR ETF to the U.S. SEC; 5. U.S. Senators propose the MEME Act to prohibit the President and Congress members from issuing Meme coins; 6. Digital asset infrastructure platform Fuze completed a $12.2 million Series A financing round, led by Galaxy.
- 04:22DeFi Technologies Financial Report: Valour's AUM Rises to Nearly CAD 1 Billion, BTC, ETH, and SOL Holdings UnchangedPANews reported on May 7, according to PRNewswire, DeFi Technologies announced its financial status data as of April 30, 2025. It disclosed that thanks to the rise in digital asset prices, the assets under management of its digital asset ETP issuing company, Valour, have risen to 988 million CAD (approximately 715 million USD). Except for some adjustments in altcoin holdings, the main digital asset holdings remained unchanged, including: 208.8 BTC (19,459,046 USD), 121 ETH (213,761 USD), 14,375 SOL (2,156,573 USD), 433.322 AVAX (9,701,160 USD), 1,822,703 CORE (1,199,885 USD), 1,286,683 ADA (944,039 USD), 490.5 UNI (2,886 USD).