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Bitcoin miner Core Scientific posts $580M Q1 profit but misses revenue estimates

Nasdaq-listed Bitcoin mining firm Core Scientific Inc. posted a net profit of $580 million with its first quarter results, but missed analyst revenue estimates after a drop in its mining profits.
Core Scientific’s Q1 2025 results, shared on May 7, saw it more than double its $210 million net
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US Treasury Secretary expresses support for crypto bills at hearing

Speaking at a hearing, US Treasury Secretary Scott Bessent suggested support for two crypto-related bills moving through Congress.
Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the “premier destination for digital a
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$45 million stolen from Coinbase users in the last week — ZackXBT

Onchain sleuth and security analyst ZackXBT claims to have identified an additional $45 million in funds stolen from Coinbase users through social engineering scams in the past seven days alone.
According to the onchain detective, the $45 million figure represents the latest financial losses in a s
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SocialFi has failed to take off — Here's what needs to change

Opinion by: Anurag Arjun, co-founder of Avail
On paper, SocialFi is a no-brainer. It promises to shift the balance of power in social media — giving people control over how their content and personal data are used and monetized. It even offers users a stake in the $200+ billion social media
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Bitcoin returns to $98K as Fed holds rates steady despite Trump’s demand

Bitcoin has reclaimed $98,000 for the first time in almost three months after the US Federal Reserve said it would keep interest rates the same for another month.
The Fed’s decision to keep interest rates unchanged comes despite mounting pressure from US President Donald Trump, who just weeks ago t
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Arizona governor signs law for state to keep unclaimed crypto

Arizona Governor Katie Hobbs has signed a bill into law allowing the US state to keep unclaimed crypto and establish a “Bitcoin Reserve Fund” that won’t use any taxpayer money or state funds.
Hobbs signed House Bill 2749 into law on May 7, which allows Arizona to claim ownership of abandoned
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Bitcoin price cools going into Fed rate hike week, HYPE, AAVE, RNDR, FET still look bullish

Key points:
Bitcoin’s positive sentiment should remain intact if BTC price stays above the 20-day EMA near $92,000.
Several altcoins show bullish chart patterns in the 4-hour and 1-day timeframes.
Bitcoin (BTC) has given back some of the gains over the weekend, and the price has pulled back to t
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Watch these Bitcoin price levels as BTC meets ‘decision point’

Key takeaways:
Bitcoin failed to break the $98,000 resistance amid increased profit-taking.
BTC price needs to close above $95,000 on the daily chart for a push to $100,000.
Bitcoin’s (BTC) price failed to break above resistance at $98,000 on May 3. Since April 22, BTC prices have formed daily c
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What will Bitcoin price be if gold hits $5K?

Key takeaways:
Bitcoin has historically outperformed gold, more recently by sixfold.
Gold’s climb toward $5,000 could set the stage for significant Bitcoin gains.
Weakening US dollar and rising global liquidity remain key drivers for both assets.
Gold’s march toward $5,000 per ounce and
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Bitcoin investors’ expectations evolve as 88% of BTC supply is in profit

Key Takeaways:
88% of Bitcoin’s supply is in profit below $95,000, indicating a reset in investor expectations.
The current price range of $75,000–$95,000 may represent a structural bottom, aligning with market conditions from Q3 2024.
The Market Value to Realized Value (MVRV) Ratio at 1.74
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Bitcoin sell-off to $93.5K is a brief hiccup — Data still supports new BTC highs in 2025

Key takeaways:
Bitcoin price slips, but BTC dominance is on the rise.
Sizable purchases by Strategy and the spot BTC ETFs highlight institutional investors’ appetite for Bitcoin.
Bitcoin’s (BTC) price has dropped by 4.3% in the last three days after nearly reaching $97,900 on May 2. Despite
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Bitcoin price rallied 1,550% the last time the ‘BTC risk-off’ metric fell this low

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New Hampshire governor signs crypto reserve bill into law

New Hampshire became the first US state to allow its government to invest in crypto currencies including Bitcoin (BTC), after Governor Kelly Ayotte signed a bill passed by the legislature into law.
In a May 6 notice, Ayotte announced on social media that New Hampshire would be permitted to “invest
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Solana bull flag, rising stablecoin market cap hint at SOL price rally to $220

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Bitcoin bulls rush into long positions ahead of May 7 Fed FOMC interest rate decision

Key Takeaways:
Data shows Bitcoin bulls opening margin long positions from $94,400.
A $189 million increase in Bitcoin futures open interest and a 15% increase in trading volume show sustained buying interest.
BTC momentum tends to slow before FOMC meetings and then turns volatile afterward.
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Bitcoin could rally regardless of what the Federal Reserve FOMC decides this week: Here’s why

Key Takeaways:
The Fed may pause rates but inject liquidity. Crypto could rally as a recession hedge.
The weak US dollar and gold rally signal a shift to scarce assets.
The US Federal Reserve Open Market Committee (FOMC) interest rate decision on May 7 will be a defining moment for risk-on asset
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