The US House of Representatives has released a discussion draft of the Digital Asset Markets Act of 2025.
Led by French Hill, GT Thompson, Bryan Steil, and Dusty Johnson, the draft aims to establish a unified regulatory framework for the digital asset market. The bill seeks to clarify definitions for digital commodities, stablecoins, self-custody, and DeFi; establish authority sharing between the CFTC and SEC; and create a registration mechanism. The bill, which aims to strengthen the U.S.’s global leadership in digital assets, is currently open for public comment.
Fourth Crypto Roundtable Meeting to Be Held on May 12
Hosted by the SEC’s Crypto Asset Task Force, the meeting will address tokenization, the evolution of capital markets, and the intersection of DeFi and traditional finance. Participants will include executives from BlackRock, Fidelity, Invesco, and Nasdaq, as well as senior officials from the SEC. The meeting is part of the SEC’s 2025 crypto regulatory agenda.
Goldman Sachs: Fed Will Not Cut Rates Based on Soft Data Alone
Goldman Sachs economists have stated that the Fed will consider employment and other concrete indicators rather than “soft data” such as consumer and business surveys when deciding on interest rate cuts. The bank expects interest rates to remain unchanged at Wednesday’s meeting.
Fed Prepares to Maintain “Wait and See” Stance
According to a report by MFS Investment Management, the Fed will be cautious about cutting interest rates in the face of complex tariff policies and persistent inflation. Interest rate cuts will not be on the agenda unless there are clear signs of economic weakness.
Florida’s Strategic Bitcoin Reserve Bill Withdrawn
A bill in Florida that would have required the state treasury to invest 10% of public funds in Bitcoin has been withdrawn indefinitely. Similar bills have failed in states such as South Dakota and Montana. Two proposals are still pending in Arizona.
3,422 Bitcoin That Had Been Inactive Suddenly Moved
3,422 BTC that had remained untouched since 2012 were transferred to new addresses within the last three hours. These BTC were initially withdrawn from the BTC-e exchange at $13.5; their current value has reached $324 million.
BlackRock Increases Bitcoin Holdings to $5.4 Billion in Q1
According to BlackRock’s latest 13F filing, the company significantly increased its investments in Bitcoin ETFs, including IBIT and FBTC. There was also a significant increase in MicroStrategy shares, with the company’s total Bitcoin-based assets growing by 40% to $5.4 billion.
Riot Platforms Sold 475 Bitcoin in April
Riot Platforms sold 475 BTC obtained from mining activities in April, generating approximately $38.8 million. The average price of the sale was $81,731. Bitcoin production decreased by 13% year-over-year, attributed to increased difficulty and the halving effect.
Tether Issued 1 billion USDT on the Tron Chain
Tether minted 1 billion USDT on the Tron network. CEO Paolo Ardoino stated that this was an “inventory refresh” and that the tokens would be held in reserve before entering circulation.
SEC Postpones Decision on Canary Capital’s Litecoin Spot ETF Application
The SEC has initiated a public comment period instead of making a direct decision on the Litecoin ETF application. The deadline for comments is May 26, with responses due by June 9. This aligns with the delay possibility previously anticipated by analyst James Seyffart.
Bitcoin Spot ETFs Recorded $425 Million in Net Inflows on May 5
According to SoSoValue data, Bitcoin spot ETFs saw a net inflow of $425 million on May 5, marking the third consecutive day of net inflows. BlackRock’s IBIT ETF alone received a net inflow of $531 million, while Fidelity’s FBTC ETF saw a net outflow of $57.82 million. The total asset value of Bitcoin spot ETFs reached 110.685 billion dollars.
No Fund Inflows or Outflows in Ethereum Spot ETFs on May 5
According to SoSoValue data, no fund movements were observed in Ethereum spot ETFs as of May 5. The total net asset value remained at 6.308 billion dollars, accounting for 2.89% of Ethereum’s total market value. The cumulative net inflow amount stayed at 2.508 billion dollars.
by Darkex Research – 1 min read
