1. Key Insights on Crypto Market Trends

From May 5 to May 7, the BTC spot price swung from $93,328.32 to $97,542.66, a 4.52% range. The short-term rise was mainly driven by China agreeing to hold talks with the U.S. on new tariffs, easing major global market concerns.

On May 8, the Fed Chair is scheduled to deliver a key speech. In the past three days, only one notable statement has come from European Central Bank (ECB) officials:

ECB Governing Council member Stournaras said on May 5, “It seems we will continue cutting rates.”

UAE real estate giant MAG signed a $3 billion Real-World Asset (RWA) tokenization deal with blockchain infrastructure firm Mavryk. The partnership includes Dubai’s financial derivatives institution MultiBank Group. Under the agreement, MAG’s luxury real estate projects—including Dubai Creek, The Ritz-Carlton Residences, and Keturah Reserve—will be tokenized on the blockchain through MultiBank.io’s compliant RWA platform.

U.S. President Donald Trump is facing controversy over his involvement in crypto-related activities. He reportedly plans to host two crypto-themed events in May: a dinner on May 22 for the top 25 holders of the TRUMP memecoin and the “Crypto and AI Innovators Dinner” hosted by MAGA Inc. Super PAC, with ticket prices starting at $1.5 million. These moves have drawn criticism from several politicians, including Senator Elizabeth Warren, who argue they may involve trading presidential influence for commercial investment. On-chain data shows that 80% of the TRUMP token supply is controlled by the Trump group, and since its January launch, around $325 million worth has been moved to internal wallets via a built-in mechanism.

As Trump’s second-term pardon prospects increase, several figures in the crypto industry—including FTX founder Sam Bankman-Fried, Binance co-founder CZ, and early Bitcoin advocate Roger Ver—are actively seeking presidential pardons. Some are pursuing this through donations, media campaigns, and legal efforts costing up to millions of dollars. Reports say Roger Ver has hired lawyers and lobbyists close to Trump, while Bankman-Fried’s family has retained Republican-affiliated attorneys to submit a pardon request. Trump has already pardoned or commuted sentences for over 1,600 individuals—surpassing the total during his first term.

2. CMC 7D Statistics Indicators

Overall market cap and volume, source: https://coinmarketcap.com/charts/

Altcoin Season Index: https://coinmarketcap.com/charts/

Crypto ETFs Net Flow: https://coinmarketcap.com/charts/

CoinMarketCap 100 Index: https://coinmarketcap.com/charts/cmc100/

(Used to measure the overall performance of the top 100 cryptocurrency projects by market capitalization on CoinMarketCap)

Fear & Greed Index, source: https://coinmarketcap.com/charts/

In the past three days, the total crypto market cap, trading volume, and market activity have started to rebound. ETF net inflows have slowed, but the spot prices of major coins and large-cap altcoins have begun to rise. The current Fear & Greed Index stands at 53, holding steady around the recent median level.

3. Perpetual Futures

Source: CoinAnk

The 7-day cumulative funding rates for BTC and ETH on the top 9 exchanges are 0.3378% and -0.3834%, respectively, indicating strong bullish sentiment across the market as of May 8, with expectations of a continued bull market.

4. Global Economic and Crypto Sector Developments

Macroeconomy

1) On May 5, the U.S. April ISM Non-Manufacturing PMI rose to 51.6 from 50.8 in March. The services input price index surged to 65.1, the highest since January 2023.
2) On May 5, U.S. tariff revenue in April exceeded $17 billion, nearly double that of March.
3) On May 5, China’s April Caixin Services PMI was 50.7, below expectations of 51.8 and the previous reading of 51.9.
4) On May 6, the U.S. declined to offer Japan reciprocal tariff exemptions.
5) On May 6, the EU trade chief stated that countermeasures against U.S. tariffs would be announced on May 15.
6) On May 7, the People’s Bank of China announced a 0.5 percentage point reserve requirement ratio (RRR) cut and a 0.1 percentage point policy rate cut.
7) On May 7, China agreed to engage in tariff discussions with the U.S.; Vice Premier He Lifeng will travel to Switzerland for talks.

Cryptocurrency Industry Updates:

1) On May 5, the Maldives planned to invest $9 billion to build a crypto hub to attract investment.
2) On May 5, Solana fixed a vulnerability that could have allowed unlimited token minting and theft.
3) On May 5, it was reported that Trump and David Sacks would attend the “Crypto & AI Innovators” dinner. A single ticket costs $1.5 million.
4) On May 5, Glassnode showed that 88% of BTC supply is in profit below $94,100, with losses concentrated among buyers between $95K and $100K. The $75K–$95K range may be forming a new structural bottom.
5) On May 5, a hacker compromised New York Post’s X account, sending phishing DMs to crypto users.
6) On May 6, the U.S. House Democratic leader planned to block crypto bill hearings, deepening the partisan rift over digital asset regulation.

7) On May 6, Nomad Bridge hacker suspect who stole $190M was arrested at an Israeli airport.
8) On May 6, CZ on X: “Some ex-employees fired for insider trading now claim to be startup founders or CXOs. Fictional story—any resemblance is purely coincidental.”
9) On May 6, the Australian crypto industry urged the new government to prioritize digital asset legislation.
10) On May 6, Asian currency revaluation became a new market theme, possibly driven by U.S. tariff policies.
11) On May 7, CZ believed that BTC could reach $500K–$1M this cycle, expressing more confidence in blockchain’s potential in AI and scientific research than in memecoins.
12) On May 7, Token Unlocks displayed that MOVE, LAYER, and APT face large one-time unlocks this week.
13) On May 7, Nasdaq-listed Thumzup raised its fundraising cap from $200M to $500M to buy Bitcoin.
14) On May 7, CZ proposed reducing BSC gas fees by 3x or 10x on X.
15) On May 7, Bhutan partnered with Binance Pay and DKBank to launch the world’s first national-level crypto tourism payment system.

Regulation & Crypto Policy:

1) On May 5, the U.S. SEC announced a tokenization roundtable scheduled for May 12 to explore the intersection of traditional and decentralized finance.
2) On May 5, South Korean ruling party presidential candidate Kim Moon-soo expressed support for allowing the National Pension Fund to invest in Bitcoin.
3) On May 5, the Korean Financial Services Commission stated that starting in June, nonprofits and exchanges may sell virtual assets under specific regulations.
4) On May 6, the U.S. House Financial Services Committee released a draft of the “2025 Digital Asset Market Structure Bill”, clarifying that digital commodity transactions would not be treated as securities.
5) On May 6, the Florida Senate withdrew consideration of a proposed Bitcoin strategic reserve bill.
6) On May 6, the U.S. Treasury announced that, under a Trump-era executive order, it would begin including seized Bitcoin in its strategic reserve reports.
7) On May 7, the U.S. Treasury Secretary opposed a Fed-issued digital currency, stating the U.S. should be the primary destination for digital assets and aims to expand its influence in the IMF and World Bank.
8) On May 7, U.S. senators introduced the MEME Act to ban the issuance of memecoins by the president and Congress members. Meanwhile, Trump’s crypto ties sparked a Senate probe and House Democrats boycotted related hearings.
9) On May 7, the UK Economic Secretary to the Treasury said the country would not follow the U.S. in building a national crypto reserve.
10) On May 7, New Hampshire became the first U.S. state to pass “strategic Bitcoin reserve” legislation, allowing BTC holdings of up to 5% of state funds.

Other News:

1) On May 6, OpenAI restructured its organization—transforming the for-profit entity into a public-benefit company, while the nonprofit remains in control. Elon Musk remarked that AI could replace some government roles.

2) On May 7, two major relative indicators for U.S. tech stocks fell more than during the 2022 bear market.

5. Market Outlook

Source: BTCUSDT | FameEX

From May 8 to May 14, the medium-term trading strategy will still be applied: for the BTC spot, maintain the sell order at $169,400 and the buy orders at $73,970, $59,935, and $45,900, respectively. It is recommended to place a sell order for the ETH spot at $5,125 and set buy orders for bottom-fishing at $1,240.

Tony Welch, an analyst at SignatureFD, stated that the drop in U.S. Treasury yields after the Fed meeting may indicate investor concerns that tight monetary policy will impact the economy. With the economy slowing down, prolonged tight monetary policy will certainly be a negative factor. Trump’s tariffs are influencing the Fed’s thinking, as the FOMC statement “initially” mentioned trade.

Risk Reminder: The cryptocurrency market is highly volatile, and investors are advised to control their positions and implement stop-loss strategies. The above content is for reference only and does not constitute specific investment advice from this exchange.

Disclaimer: FameEX makes no representations on the accuracy or suitability of any official statements made by the exchange regarding the data in this area or any related financial advice.

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