Bitcoin ETFs ended six-week inflow streak over macro jitters and BTC slump

The U.S. Securities and Exchange Commission is expected to issue a decision soon on the proposed Litecoin exchange-traded fund filed by Canary Capital. As of May 5, the SEC’s designated deadline for a decision, Canary’s Capital application has not been delayed. Unlike other crypto-related filings which have seen multiple delays, this raises speculation about a potential early response. Bloomberg ETF analyst James Seyffart noted the unusual timing in a May 5 post on X, highlighting that the SEC has already moved to delay several filings but not this one. “If any asset has a chance of early approval, it’s Litecoin,” he said, though he still considers a delay more likely. The @CanaryFunds Litecoin ETF filing is due for a decision (possibly a delay) by Monday 5/5. SEC went early & delayed a bunch of filings but not this. If any asset has a chance of early approval it's Litecoin IMO. Personally think a delay is more likely but def something to watch pic.twitter.com/FilnUcMtUH— James Seyffart (@JSeyff) May 4, 2025 You might also like:Hashdex moves to add Litecoin to crypto ETF after XRP spot ETF success The Litecoin (LTC) ETF proposal was filed on Jan. 16 through Nasdaq’s 19b-4 process, which allows exchanges to request changes to list new products. The SEC, under Acting Chairman Mark Uyeda officially acknowledged the filing on Jan. 29,  starting the formal review process. This step was a key turning point, as past attempts to launch ETFs tied to smaller cryptocurrencies had been discouraged under previous SEC leadership. As of May 5, Litecoin is trading at about $87, with slight increases of 0.9% over the previous day and almost 10% over the previous two weeks. The daily chart shows a steady recovery from April lows, with the price holding above the 50-day moving average at $82.87. The relative strength index is at 56, indicating space for upward momentum without being overbought, while the Bollinger Bands are widening, indicating rising volatility. Litecoin price analysis. Credit: crypto.news The volume is steady but moderate, showing ongoing interest as opposed to transient hype. Support levels are located close to $82 and $78, and a close above resistance at $90 may mark a strong upward trend reversal.  Although the outcome is still unknown, Litecoin’s market performance might improve if the ETF is approved. Traders are watching the SEC’s next move closely.  Read more:Analysts project high approval odds for pending crypto ETFs as SEC delays mount

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The financial world is splitting between those who wait for permission and those who mint their own destiny. The last crypto cycle was about memecoins, degenerate yields, and wild volatility. Where does crypto go from here? It has to be about stability, liquidity, and real-world utility. As the world enters a phase of economic instability and AI automation, on-chain dollars are going to become the backbone of commerce, coordination, and capital flows.  You might also like:Beyond the peg: Synthetic dollars are reshaping stablecoins | Opinion In times of global economic uncertainty, the U.S. dollar remains the world’s reserve asset. But now, people want access to dollars without banks. Stablecoins like USD Coin (USDC) and Tether (USDT) have become the de facto savings and spending tools in emerging markets and crisis zones. We’ve entered a new era of money, where the dollar isn’t just printed by the Fed but minted on-chain, powered by borderless and frictionless infrastructure. Stablecoins like USDC, USDT, PayPal USD (PYUSD), and now yield-bearing alternatives like Ethena USDe (USDE) are processing billions daily, not as speculative assets but as functional currency. In places like Nigeria, they’re already replacing failing local money. Nigerian web3 startups have raised over $130m to date as stablecoin use is on the rise.  Argentinians are ditching pesos for USDT and USDC at record rates as they’re facing inflation at 200%. When fiat currencies become unstable, as is the case with hyperinflation, for example, people look for alternatives. Bitcoin was an alternative. However, digital dollars or stablecoins are now the primary choice. The signs are all there that the dollar is migrating on-chain, and the institutions that don’t adapt will be left behind. Expanded support for PYUSD by a $70 billion fintech giant PayPal was a big validation that stablecoins are here to stay, with millions of users now able to move dollars on-chain without even realizing it. On regulatory advancement, the U.S. Congress is proceeding with the Clarity for Payment Stablecoins Act. The UK and EU are also finalizing their own frameworks.  Base, Solana and Celo are all aggressively deploying USDC across new chains because they understand that stablecoins are the bridges between TradFi and DeFi. The more chains they’re on, the more unstoppable they become. Ignore these trends, and you’re ignoring the financial infrastructure of the next decade. The next wave of adoption won’t just come from humans and platforms. AI agents will need programmable money that doesn’t fluctuate wildly. Human traders might chase speculative swings, but AI operates on cold, hard logic. It prioritizes efficiency, minimizes risk, and demands certainty in its inputs, especially when those inputs are money. Traditional fiat money has several limitations that make it prohibitive as a currency of settlement, including physical logistics, lack of interoperability, and centralization. Stablecoins solve this problem because of their on-chain existence. Blockchains are immutable, composable, and decentralized. Take USDC as an example. Once Circle mints USDC on the blockchain, its existence or value cannot be tampered with. It is also not held by institutions bound by borders; it is easily moved across wallets globally. These inherent traits of stablecoins make them ideal for a future where numerous agents conduct high-speed transactions with each other. This is why stablecoins will become the backbone of AI-driven finance. An autonomous supply-chain agent won’t hedge against Bitcoin’s (BTC) 5% daily swings, it needs a currency as stable as its code. A decentralized trading bot can’t afford slippage from erratic fiat settlement times, but requires real-time, on-chain verifiability. For businesses, it’s time to start considering the adoption of stablecoins for payments. As the popularity of blockchains and Bitcoin increases, so does the adoption of stablecoins. Institutions and consumers are increasingly becoming aware of stablecoins as a more efficient and convenient alternative to fiat, faster than ever. The dollar is going on-chain because it has to. Hyperinflation, capital controls, and inefficient payment rails are breaking the old system. Stablecoins are the patch, and eventually, the upgrade. Read more:Stablecoins: The gateway to mainstream crypto in 2025 | Opinion Ian Estrada Ian Estradais a product builder by trade, memecoin and stablecoin enjoyer by passion. Currently advancing the development of DefAI infrastructure as the CEO of Maitrix, creating the DeFi layer for AI tokens. Former VP at GCash (over 100M users), over 10 years of product experience in payments, lending, and credit risk. Crypto since 2020.

Bubblemaps 的代币 BMT 加密货币在币安首次亮相后上涨了近 30%。就在前一天，该代币创下了历史新高。 根据 CoinGecko 的数据，BubbleMaps 代币在币安上市仅一天后就上涨了 28.8%。不到 24 小时前，该代币上涨近 45%，创下 0.3173 美元的历史新高。 截至发稿时，该代币的交易价格为 0.24 美元，市值为 6200 万美元。与此同时，BMT 加密货币的完全摊薄估值为 2.42 亿美元。 根据官方公告，币安于 3 月 18 日 UTC 时间 15:00 在其平台上上线了 BMT 加密货币，并开通了 BMT 与 USDT (USDT)、USDC (USDC)、BNB (BNB)、FDUSD (FDUSD) 和 TRY 等主要代币的交易对。然而，该加密货币交易所警告用户，考虑到该代币对市场来说还比较新，它将应用种子标签。 BMT 价格图表显示，2025 年 3 月 19 日 BMT 在币安首次亮相后价格逐渐上涨 | 来源：CoinGecko 你可能还喜欢：Bubblemaps 的 BMT 在 Bithumb 今日上市前上涨逾 125% 尽管币安昨天才刚刚在加密货币交易所上市，但它已经在 Bubblemaps 的交易市场上占据了头把交椅，贡献了该代币交易量的最大份额，达到 23.47%。在过去 24 小时内，币安处理了价值高达 1.31 亿美元的 BMT 加密货币。 事实上，Bubblemaps 的交易量在过去 24 小时内飙升了 442.8%，达到 5.62 亿美元。这意味着自币安上市以来，该代币的市场活动显著增加。 BMT 于 3 月 11 日推出，是 Bubblemaps 的原生代币。Bubblemaps 是一个链上分析平台，为用户提供区块链数据可视化，用于代币分析和 NFT 所有权。BMT 是其治理实用代币，允许持有者访问平台上的高级分析功能。 在 Bubblemaps 的 BMT 代币生成活动期间，它获得了压倒性的认购数量，约为 202,990 BNB，比该项目的初始目标高出 13,500％。 阅读更多：Bubblemaps TGE 以 13,500% 的超额认购结束 披露：本文不代表投资建议。本页内容和材料仅供教育之用。

Galaxy Digital reported a net loss of $295 million for the first quarter of 2025. The losses were cited due to digital asset depreciation and a $57 million charge related to winding down Helios’s data center mining operations. The company also confirmed that its reorganization and domestication to the United States was completed on May 13, ahead of a planned Nasdaq listing on May 16. The first-quarter loss equates to $0.86 per diluted share. As of March 31, Galaxy’s equity capital stood at $1.9 billion, with cash and net stablecoins totaling $1.1 billion.  Despite the Q1 loss, the firm estimated operating income of $160–$170 million so far in Q2, with equity capital increasing to $2.2 billion as of May 12. You might also like:Robinhood acquires WonderFi to drive Canadian expansion CoreWeave expanded capacity In a key infrastructure update, AI infrastructure firm CoreWeave exercised its option to expand capacity at Galaxy’s Helios data center campus.  The expansion—Phase II of the existing partnership—adds 260 megawatts of critical IT load for AI and high-performance computing workloads.  Galaxy Digital’s 15-year AI hosting agreement with CoreWeave was announced during its Q4 2024 earnings call, marking a potentially transformative move for the company. The deal involved repurposing 200 MW of its Helios mining facility in West Texas to support 133 MW of critical IT load for CoreWeave’s GPUs.  It was expected to generate $4.5 billion in revenue over its term, averaging around $300 million annually, which represented 70% of Galaxy’s total 2024 revenues.  The terms were considered “very favorable” compared to other high-performance computing deals, with estimated annual revenue of $2.26 million per MW at approximately 90% EBITDA margins. Deliveries under the new agreement are expected to begin in 2027. Combined with an earlier 133 MW lease agreement signed in March, CoreWeave’s total committed capacity at Helios will reach approximately 393 MW. You might also like:Dow dips after Monday’s rally as CPI slows and S&P 500 outlook improves

披露：此处表达的观点和意见仅属于作者，并不代表 crypto.news 编辑部的观点和意见。 新的美国稳定币法案，即“指导和建立美国稳定币国家创新（GENIUS）法案”，是保护美国区块链创新的重大举措。该法案由参议员比尔·哈格蒂（R-Tenn.）发起，标志着两党罕见地支持为数字资产行业的一个特定方面建立明确的监管框架：即一个有可能围绕许可和监督、透明度和储备标准以及消费者保护和反洗钱/KYC 建立有意义的指导方针的领域。 您可能还喜欢：美国在加密货币领域的领导地位：重点是稳定币 | 观点 尽管《GENIUS 法案》已以 18 比 6 的投票结果在参议院银行委员会获得通过，但它尚未正式成为法律。但是，如果该法案获得通过，它可能会推动美国超越其他司法管辖区——尤其是欧洲的加密资产市场监管局——这些司法管辖区在制定明确的加密监管框架方面历来领先于美国。 然而，人们很容易认为，该法案通过后的第一天，加密货币交易所、金融公司，甚至像亚马逊、X 和 Meta 这样的公司，都会立即受到鼓励，加大对稳定币领域的参与度。但现实是，这些机构的成功取决于能否获得即时价格信息——而这在当今社会并非普遍可及。 关于《天才法案》没人谈论的事情 实时、准确的市场数据是全球最知名交易所和金融机构的动力源泉。想想看：在高频交易于本世纪初首次出现时，速度就是一切，当时最具竞争力的交易者仍然记得自己在套利机会上损失惨重，只是因为别人只快了几毫秒。 然而，专家估计，如今监管分散导致金融机构损失惨重，损失可能高达其年营业额的 5-10%。除此之外，尽管仅在 2024 年，整体市场数据支出就增长了 8.1%，但研究还表明，市场数据成本的上升正迅速超过消费者预算，这是完全不可持续的。去年，由于交易终端的使用量大幅增加，我们看到用于市场数据的支出创下了历史新高。显而易见的是，随着时间的推移，获得准确、实时的市场数据的机会将越来越只属于那些有能力负担得起的少数精英阶层。 这不仅仅是禁止个人交易员获取数据——一些公司为获取相同数据支付的费用甚至比同行高出12倍。而像雅虎财经和谷歌财经这样价格实惠的平台也无法满足需求：你只能获得过时的数据，而这些数据对于需要利用瞬息万变的市场波动获利的交易员来说，几乎没有用处。 如果《GENIUS法案》获得通过，美国将对稳定币拥有必要的监管清晰度，以看到越来越多的公司和企业参与其中，但这些公司和企业成功实施稳定币支付和投资所缺少的关键因素是普遍获得实时价格信息。 DeFi 如何改写市场数据经济 DeFi 有潜力通过去中心化价格层等独特产品，解决实时价格数据难以获取且价格合理的难题。TradFi 目前尚无类似价格层的产品，它们直接从第一方供应商处聚合实时、高保真信息，可随时向任何人提供超过一千个交易品种。这消除了价格数据的垄断控制，确保所有参与者都能公开透明地访问数据。 通过下一代基础设施，去中心化定价层正与传统机构携手合作，直接从源头汇总最新鲜、最纯粹的数据。由于数据发布在链上，因此无需支付彭博终端订阅的高昂费用即可获取。 此外，DeFi 协议通过使用智能合约来处理执行。这无缝地自动化了流动性提供、交易匹配和订单履行，最大限度地降低了成本和错误，同时实现了无与伦比的速度和效率。传统金融 (TradFi) 通常与中间商密切相关，但 DeFi 实现了访问的民主化，这意味着任何拥有互联网连接的人都可以使用去中心化的工具。同时，DeFi 中的结算几乎是即时的，因为它利用链上产品在几秒钟内转移资产和资金。这降低了交易对手风险，并确保了资金的持续可用——这在延迟是常态的传统金融 (TradFi) 领域很少见。 为什么金融的未来不仅仅是 DeFi 与 TradFi 的对决 鉴于稳定币支付监管即将明确，普遍获取实时价格将刺激公司和企业采用稳定币支付并参与投资——事实上，这是它们生存和增长的关键因素。 民主化准入是提高金融效率的下一个前沿。当定价数据免费开放时，市场参与者可以在执行力和流动性方面展开竞争，而不仅仅是特权准入。此外，当执行场所去中心化时，流动性会增强，从而降低价差并提高资本效率；当结算透明且近乎即时时，交易对手风险就会消失，从而释放更大的市场参与度。 但这不仅仅是将 DeFi 的产品推广给越来越多的用户。实现实时、精准市场数据的民主化访问将改善整个金融行业，开启一个机构和个人都能公平竞争的新时代。虽然《GENIUS 法案》是一项重要的立法，有助于将稳定币等去中心化资产推向市场，但我们也不能忘记，为了开启一个金融新时代，诸如价格信息等基本基础设施——价格可负担、易于获取——必须到位：在这个时代，DeFi 和 TradFi 的精华能够汇聚在一起，为所有人创建一个开放、透明、闪电般快速的系统。 阅读更多：关税战余波：加密货币能拯救世界吗？| 观点 迈克·卡希尔 Mike Cahillis the co-founder and CEO of Douro Labs, which supports the development and growth of blockchain systems, including the Pyth Network, DeFi’s universal price layer. Mike has over 15 years of finance experience, most recently at Jump Trading, and began his career at Morgan Stanley in FX institutional sales. He has been featured on Bloomberg TV, as well as in The Financial Times, WSJ, Fortune, Forbes, Blockworks, Coindesk, and Real Vision. He is also a frequent conference presenter and has been featured as a guest on podcasts including ‘The Wolf of All Streets,’ ‘On the Brink,’ ‘FTX Builders and Innovators,’ and ‘Logan Jastremski.’