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Morgan Stanley launched an E*Trade crypto pilot on May 6, charging 50 basis points per trade for Bitcoin, Ether, and Solana via infrastructure partner Zerohash.The 0.5% fee undercuts Charles Schwab at 75bps, Fidelity at 1%, and Coinbase retail fees that can exceed 0.5% depending on tier and payment method.All 8.6 million E*Trade clients are set to gain access later in 2026, alongside a proprietary digital wallet expected in the second half of the year.

The price of bitcoin has increased since the start of April, but CryptoQuant still considers the move a “bear market rally.”The firm said bitcoin holders are increasingly taking profits after the rally, though a correction may still take time to materialize.

The Senate Banking Committee could hold a hearing to amend and vote on crypto market structure legislation next week after a compromise was reached on stablecoin rewards.The stablecoin fix “shifted the vibes,” said The Digital Chamber’s Cody Carbone.“The final battle is going to be the ethics provisions,” said the Solana Policy Institute’s Kristin Smith.

Kalshi raised $1bn in a Series F round led by Coatue at a $22bn valuation, doubling the $11bn it achieved just five months ago.Institutional trading volume on the platform surged 800% in six months, while annualized trading volume tripled from $52bn to $178bn.Kalshi accounts for over 90% of US prediction market activity and reports $1.5bn in annualized revenue with two million monthly users.

Spot bitcoin and ETH ETFs both flipped to net outflows Thursday, ending a five-day inflow streak as Iran ceasefire doubts resurfaced and BTC pulled back below $80,000.April nonfarm payrolls came in at 115,000, nearly double, supporting a near-term risk-on read without resolving the macro ceiling driven by persistent energy inflation.

Senators had hoped the issue, which has plagued crypto legislation for months, had been put to bed with a proposed compromise last week.

Trump has quietly dropped demands for Iran’s unconditional surrender and regime change, two of his stated original goals at the start of the war.His approval rating on the Iran war has fallen from 39% in early March to 30% in the latest YouGov survey.A Pew Research survey found 62% of Americans disapprove of Trump’s handling of the conflict, a number that has held steady since March.

The S&P 500 has pushed to a new all‑time high near 7,400, up roughly 0.8% on the day, extending a powerful risk‑on rally in U.S. equities.Bitcoin and major crypto assets have increasingly traded as high‑beta plays on the same macro cycle, with BTC–S&P correlations hitting 0.7–0.9 in recent months.A record‑high stock market generally supports the bull case for crypto in the near term, but it also raises bubble and positioning risks if earnings or rate expectations slip.

Publicly traded Bitcoin miner and data center operator TeraWulf reported a hefty net loss in Q1 as its AI revenue took over from BTC.

Three US Navy destroyers came under Iranian missile and drone fire in the Strait of Hormuz on May 7, triggering US retaliatory strikes on Iranian military facilities.Trump said all projectiles were shot down and the attackers killed, warning Iran of a much harsher response if no deal is reached.Iran was reviewing a US peace proposal mediated by Pakistan, with Secretary Rubio expecting a response by May 8.

Since the start of the 2026 Iran war, Bitcoin has outpaced gold by about 35–36% on a relative basis, as the BTC/gold ratio surged.BTC is up roughly 7–10% over the conflict period, while gold has been flat to down, a sharp reversal of the traditional “gold as safe haven” pattern.Analysts say ETF inflows, the “digital gold” narrative, and macro positioning helped Bitcoin behave more like a risk‑sensitive alternative store of value than a classic crisis hedge.

Users of Myriad's prediction market believe it's likely Strategy will part ways with some of its Bitcoin holdings this year.

Revolut briefly showed Bitcoin trading at near-zero levels for some users, even as every major exchange and index provider had BTC around $79,000.The anomaly appears isolated to Revolut’s pricing and display stack, raising hard questions about how neobanks source liquidity, route orders, and protect clients from internal misfires.At Revolut’s scale — 70 million users, over $1 trillion in annual volume — this isn’t a meme; it’s a structural warning about app-layer infrastructure in a market that trades 24/7.

Coinbase, Kraken, and Gemini have asked Senate Agriculture Committee leaders to delete a clause that limits listings to tokens “not readily susceptible to manipulation.”The firms argue the standard would effectively shut small, low‑liquidity tokens out of regulated venues and hand future CFTC chairs a blunt tool to choke innovation.The language sits inside a sweeping market‑structure bill that would give the CFTC new authority over digital commodity spot markets, including bitcoin and ethereum.

Nvidia gains rights to invest up to $2.1 billion in IREN as companies race to lock down massive AI compute capacity.

Acting US Labor Secretary Sandlin has said the Federal Reserve “should consider lowering interest rates,” putting a senior Biden administration official on the side of earlier easing even as Fed leadership signals patience.The comments land against a backdrop of strong jobs and growth data that have already pushed market expectations for the first Fed cut into late 2026, weighing on bitcoin and other risk assets.For crypto, a credible political drumbeat for cuts could support medium‑term bullish narratives, but in the short term traders are still trading off Fed guidance and data that argue for rates staying at 3.5–3.75% longer.