Bitcoin spot ETFs saw a total net inflow of $630 million yesterday, with BlackRock’s IBIT leading the pack with a net inflow of $284 million.
According to SoSoValue data, the total net inflow into Bitcoin spot ETFs yesterday (May 1, Eastern Time) was $630 million.
The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock’s ETF IBIT, with a net inflow of $284 million. IBIT’s cumulative net inflow to date stands at $327 million. Next was Fidelity’s ETF FBTC, with a single-day net inflow of $213 million; FBTC’s cumulative net inflow to date totals $11.082 billion.
As of press time, the total net asset value (NAV) of Bitcoin spot ETFs stood at $103.785 billion, with the ETF net asset ratio (i.e., the proportion of ETF NAV relative to Bitcoin’s total market capitalization) reaching 6.66%. The historical cumulative net inflow has reached $58.718 billion.
[ChainCatcher]
Bitcoin spot ETFs saw a net inflow of $630 million yesterday, with IBIT leading in net inflows.
On May 2, according to SoSoValue data, Bitcoin spot ETFs recorded a total net inflow of $630 million on May 1 (US Eastern Time).
Among them, IBIT, the Bitcoin spot ETF managed by BlackRock, led with a single-day net inflow of $284 million, followed by FBTC, the Bitcoin spot ETF managed by Fidelity, with a net inflow of $213 million.
As of now, the total net asset value (NAV) of Bitcoin spot ETFs has reached $10.3785 billion, representing 6.66% of total net assets, and the historical cumulative net inflow has risen to $5.8718 billion.
[PANews]
Bitcoin spot ETFs saw a total net inflow of $630 million yesterday, with BlackRock’s IBIT leading at a net inflow of $284 million.
According to SoSoValue data, the total net inflow into Bitcoin spot ETFs yesterday (May 1, Eastern Time) was $630 million.
The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock’s ETF IBIT, with a single-day net inflow of $284 million; IBIT’s cumulative historical net inflow currently stands at $327 million.
Next was Fidelity’s ETF FBTC, with a single-day net inflow of $213 million; FBTC’s cumulative historical net inflow currently stands at $11.082 billion.
As of press time, the total net asset value (NAV) of Bitcoin spot ETFs stood at $103.785 billion, the ETF net asset ratio (i.e., the ratio of ETF market cap to Bitcoin’s total market cap) reached 6.66%, and the cumulative historical net inflow has reached $58.718 billion.
[Odaily]
Circle minted 250 million USDC on Solana at midnight.
On May 2, on-chain data shows that stablecoin issuer Circle minted an additional 250 million USDC on Solana at 5:10 AM today.
[PANews]
Digital identity verification platform Billions will conduct its TGE on May 4.
The Billions Foundation announced via tweet that the digital identity verification platform Billions Network will conduct the BILL token TGE on May 4.
[Foresight News]
The total historical trading volume of Polymarket and Kalshi exceeds $150.00B
On May 2nd, the combined historical trading volume of prediction market platforms Polymarket and Kalshi exceeded $150.00B in April, but ended a seven-month streak of consecutive monthly trading highs since September of last year.
In April, the number of active traders on Polymarket fell to approximately 643,000.0, down from over 733,000.0 in March. Both dollar and nominal trading volumes on its global platform declined, but the U.S. sub-platform, which is currently being advanced, and Kalshi as a whole are still growing.
After winning a lawsuit against the CFTC in 2024, Kalshi was authorized to offer election contracts and is rapidly expanding in the United States. Polymarket is returning to the United States by acquiring a licensed derivatives exchange and is seeking to move its global market entirely into the U.S. market.
[PANews]
Anchorage Digital submits a comment letter on the GENIUS Act, proposing to issue a stablecoin with Western Union.
Anchorage Digital Bank, a stablecoin issuer regulated by the U.S. federal government, has submitted a comment letter to the U.S. Office of the Comptroller of the Currency (OCC) regarding the proposed rule-making for the GENIUS Act.
Currently, Anchorage Digital has issued three stablecoins for several brand partners, including USAT in collaboration with Tether, USDGO in collaboration with OSL Group, and USDtb in collaboration with Ethena. Anchorage Digital disclosed plans to jointly issue a fourth stablecoin, UDSPT, with its partner Western Union in the near future.
In addition, Anchorage Digital expects to formally become an approved payment stablecoin issuer after the GENIUS Act takes effect.
[Foresight News]
Coinbase: Compromise reached with banks on stablecoin yield terms, Senate crypto bill is imminent.
Coinbase stated that key disagreements surrounding stablecoin holding yield terms have been compromised with traditional banks, clearing the way for the US Senate to advance the crypto market structure bill.
Previously, banks had lobbied to restrict or prohibit exchanges from offering yields to stablecoin holders, primarily concerned about funds flowing out of the bank deposit system. Coinbase Chief Policy Officer Faryar Shirzad stated that the final plan retains the space for users to earn rewards through crypto platforms and networks based on actual use cases, while adding some restrictions.
This progress is expected to push the “Clarity Act” into the voting process in the Senate Banking Committee, to further clarify the division of responsibilities between the SEC and CFTC in crypto asset regulation.
[ChainCatcher]
JPMorgan Chase: Increased stablecoin turnover may limit its total market capitalization growth
JPMorgan analysts stated that while stablecoin trading volume is growing rapidly, total market capitalization may not see a corresponding level of growth due to increased velocity. Analysts pointed out that the more widely stablecoin payment systems are used, the higher their efficiency and velocity become; even if payment usage grows exponentially, high turnover rates may limit further expansion of stablecoin scale.
Currently, the total market capitalization of stablecoins (including yield-bearing stablecoins) has exceeded 300 billion USD, and on-chain stablecoin trading volume for this year is expected to reach 17.2 trillion USD. JPMorgan projects that the stablecoin market cap will be approximately 500 billion to 600 billion USD by 2028, and considers predictions of a “trillion-dollar stablecoin market” to be overly optimistic.
[Foresight News]
Ethereum spot ETFs had a total net inflow of $101.00 million yesterday, the first net inflow in nearly 5 days.
According to SoSoValue data, the total net inflow for Ethereum spot ETFs yesterday (May 1, Eastern Time) was $101 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was Fidelity’s ETF FETH, with a single-day net inflow of $49.19 million; FETH’s cumulative historical net inflow now stands at $2.29 billion.
Next was BlackRock’s ETF ETHA, with a single-day net inflow of $43.16 million; ETHA’s cumulative historical net outflow currently stands at $100.1 million.
As of press time, the total net asset value (NAV) of Ethereum spot ETFs is $13.6 billion, the ETF net asset ratio (i.e., the ratio of ETF market cap to Ethereum’s total market cap) is 4.93%, and the cumulative historical net inflow has reached $12.02 billion.
[Foresight News]
The Bank of England is considering shelving its digital pound initiative and shifting focus to observing private-sector tokenization innovations.
On May 2, according to Bloomberg, the UK Treasury and the Bank of England are discussing slowing down the “Britcoin” digital pound project; the original “go/no-go” decision scheduled for this summer may instead be changed to a pause.
The report states that regulators wish to first observe banks’ progress in areas such as tokenized deposits—private-sector innovations that could deliver some fast, low-cost payment functionalities similar to those of CBDCs or stablecoins, all within the existing regulatory framework.
The digital pound is currently nearing the end of its design phase, yet faces public, parliamentary, and some official scrutiny regarding privacy, necessity, and its impact on the commercial banking system. Internal research by the Bank of England also indicates that the marginal benefits of launching a retail CBDC are declining as digital payment methods improve.
[PANews]
AnchorageDigital submits GENIUS Act comment letter, plans to issue stablecoin UDSPT with Western Union
Anchorage Digital Bank has submitted a comment letter to the U.S. Office of the Comptroller of the Currency (OCC) regarding the proposed rule on the GENIUS Act. The company has already issued three stablecoins for multiple partners, including USAT (in collaboration with Tether), USDGO (in collaboration with OSL Group), and USDtb (in collaboration with Ethena).
Anchorage Digital stated that it plans to jointly issue a fourth stablecoin, UDSPT, with Western Union in the near future, and expects to officially become an authorized payment stablecoin issuer upon the GENIUS Act’s entry into force.
[Odaily]
Polymarket’s probability of “CLARITY Act Officially Takes Effect in 2026” rises to 67%, up 21% in 24 hours.
The probability of Polymarket’s “CLARITY Act Takes Effect in 2026” event has risen to 67%, up 21% over the past 24 hours.
The event contract’s rules are as follows: The outcome will resolve to “Yes” if the Digital Asset Market Clarity Act of 2025 (H.R.3633) is passed by both chambers of the U.S. Congress and signed into law before 11:59 p.m. ET on December 31, 2026; otherwise, it resolves to “No.” Primary information sources include data from Congress.gov and other official U.S. government sources, though other reliable reports may also be consulted.
Coinbase has indicated that a key disagreement regarding yield provisions for stablecoin holdings has been resolved through compromise with traditional banks—clearing a major hurdle for advancing the U.S. Senate’s crypto market structure bill. Previously, banks had lobbied to restrict or prohibit exchanges from offering yield to stablecoin holders, primarily citing concerns about capital flowing out of the bank deposit system.
Faryar Shirzad, Coinbase’s Chief Policy Officer, stated that while the final agreement introduces certain limitations, it still preserves space for users to earn rewards via crypto platforms and networks based on genuine use cases. This development is expected to propel the CLARITY Act toward a vote in the Senate Banking Committee.
[Odaily Seer]
Changpeng Zhao: To Hold First Offline Signing Event for New Book “Freedom of Money” in Dubai
On May 2nd, Zhao Changpeng tweeted that his new book “Freedom of Money” has been released, including English, Chinese, and audiobook versions, and all proceeds will be donated to charity.
The book covers his experiences from childhood to the founding of Binance, as well as the Luna/UST and FTX/SBF turmoil, dealings with the U.S. Department of Justice and the SEC, imprisonment for a single violation of the Bank Secrecy Act (BSA), and subsequent “full and unconditional pardon.”
Zhao Changpeng said that the first offline book signing event will be held in Dubai soon, and the scale of the event will be relatively small due to the limited number of physical books.
[PANews]
A newly created address withdrew 1,051 BTC from Binance, worth approximately $82.37 million.
According to Onchain Lens monitoring, a newly created address withdrew 1,051 BTC from Binance, valued at approximately 82.37 million USD.
[Foresight News]
Ethereum Foundation has sold 30,000 ETH since March 15, worth over $68.92 million.
According to Ai Yi’s monitoring, the Ethereum Foundation has cumulatively sold 30,000 ETH since March 15, with a total value of over $68.92M.
[Foresight News]
UK Reform Party leader Farage accused of conflict of interest for promoting a cryptocurrency tax reduction proposal after receiving a £5 million grant
Reform UK leader Nigel Farage has been accused of a conflict of interest by opposition parties. He received a personal grant of £5.00M from crypto investor Christopher Harborne in 2024, after which Reform UK proposed a draft crypto industry regulatory bill in May 2025, proposing to reduce the stamp duty on crypto transactions from 24% to 10%, and proposing to establish a national Bitcoin reserve and reduce capital gains tax on crypto assets.
Farage has admitted to receiving the grant, and Reform UK says that policy-making is unrelated to donors. In addition, Harborne donated another £12.00M to the party last year, and crypto businessman Ben Delo also donated £4.00M this year.
Farage is currently facing allegations of violating House of Commons rules, and in serious cases, he may be suspended from Parliament and trigger a by-election.
[Financial Times]
MoonPay Launches Mastercard Debit Card, Enabling AI Agents to Make Payments with Stablecoins
MoonPay has announced the launch of its virtual Mastercard debit card, the “MoonAgents Card,” enabling users and AI agents to spend stablecoins directly from their on-chain balances at online merchants that accept Mastercard.
The card is issued through Monavate, a regulated payment platform and principal member of the Mastercard network. Designed for programmatic access and management, the MoonAgents Card supports usage via the MoonPay CLI and MoonPay Agents workflows.
[Foresight News]
U.S. military signs AI classified system usage agreements with seven tech companies
The U.S. Department of Defense has reached agreements with Google, Microsoft, Amazon Web Services, Nvidia, OpenAI, Reflection, and SpaceX to deploy the artificial intelligence capabilities provided by these companies on its classified networks for decision support in battlefield situational analysis, target identification, and logistics maintenance.
The Pentagon stated that the relevant tools are now available to military personnel, civilian staff, and contractors via the official platform GenAI.mil, enabling certain tasks to be completed in days instead of months.
Anthropic—which previously engaged in legal disputes with the government over requirements restricting the military’s use of its technology in scenarios such as autonomous weapons and surveillance of U.S. citizens—was not included in this collaboration.
[Associated Press]
Today’s Market Pulse
Strong institutional adoption of crypto ETFs is driving market momentum, with regulatory clarity advancing in the US while the UK pivots toward private-sector innovation.
Key Themes
Institutional Flows & ETF Dominance: Bitcoin spot ETFs absorbed $630M in a single day, with BlackRock’s IBIT leading the charge at $284M. This institutional adoption is accelerating Bitcoin’s ETF penetration to 6.66% of its total market cap. Ethereum ETFs broke a 5-day outflow streak with $101M in inflows, suggesting renewed interest. Smart money should monitor whether these inflows are sustainable or tactical, especially as the Ethereum Foundation continues to sell ETH ($68.92M since March 15).
Stablecoin Market Evolution: The stablecoin landscape is undergoing significant structural changes. Circle expanded its USDC supply on Solana, while Anchorage Digital plans to launch UDSPT with Western Union. More importantly, JPMorgan’s analysis projects stablecoin market cap growth may be limited to $500-600B by 2028 due to increasing velocity. The compromise on the CLARITY Act’s stablecoin yield terms with traditional banks positions regulators to maintain some yield opportunities while preventing massive capital flight from banking systems.
Regulatory Tectonic Shifts: The US regulatory environment is showing clear signs of progress, with the CLARITY Act probability of 2026 implementation rising to 67% on Polymarket after compromise on yield terms. Meanwhile, the Bank of England is reconsidering its digital pound initiative, focusing instead on observing private-sector tokenization innovations. This divergence suggests the US may move toward a clearer regulatory framework sooner than expected.
RichSilo Verdict
Smart money should prioritize monitoring the sustainability of ETF inflows as a leading indicator of institutional sentiment, with particular attention to BlackRock and Fidelity flows. The evolving regulatory landscape in the US, particularly the CLARITY Act’s trajectory, will be a critical catalyst for market structure changes. Risks include the UK’s potential regulatory divergence and the Ethereum Foundation’s persistent selling pressure, which could dampen ETH performance despite ETF inflows. The stablecoin sector’s evolution, particularly the velocity dynamics highlighted by JPMorgan, may fundamentally alter yield opportunities and market cap expansion trajectories.
