Crypto Market Overview

BTC (+2.97% | Now at $97,416)
BTC gained over 2.9% in the past 24 hours, driven by easing tariff policies and broader tailwinds. Technically, BTC’s candlestick chart shows a bullish alignment, with a possible breakout above the $98,000 resistance level. The MACD indicates a strong golden cross, as the 5-day MA has crossed above the 10-day and 30-day moving averages (MAs). If BTC fails to break above 98,000 USDT in the near term, price action may consolidate within a box range between $96,000 and $97,000. [1]

ETH (+1.54% | Now at $1,842 USDT)
ETH gained 1.5% over the past 24 hours, underperforming BTC slightly. From a technical perspective, ETH exhibits notable volatility within an upward trajectory, reflecting intensified buyer-seller tussle. According to box range theory, ETH has clearly defined support and resistance zones; a breakout above $1,850 will likely require additional bullish catalysts. [2]

ETFs
According to Farside Investors, U.S. spot Bitcoin ETFs recorded a net outflow of $85.7 million on May 6 [3], while spot Ethereum ETFs saw $17.9 million in net outflows. [4]

Altcoins
As of May 7, 15:00 (UTC+8), DID, Bitcoin Fork, and Bitcoin Sidechains sectors rose by 4.7%, 4.4%, and 3.3%, respectively. [5]

U.S. Equities
On May 7, all three major U.S. indices closed lower: S&P 500 (-0.77%), Dow Jones (-0.95%), Nasdaq (-0.87%). [6]

Spot Gold
Spot gold is trading at $3,380/oz, down 0.53% intraday (as of May 7, 1:00 AM UTC). [7]

Fear & Greed Index
The index currently stands at 67, indicating a “Greed” reading. Market sentiment remains optimistic, suggesting recent pullbacks reflect technical consolidations and anticipation of upcoming macro data. [8]

High-Potential Tokens

KAITO (Kaito AI) (+28.5% | Circulating Market Cap: $252M)

Project Highlights
KAITO is the native token of Kaito AI, a platform merging AI and blockchain to transform decentralized digital interactions. Founded in 2022 by YuHu, Kaito AI has quickly gained traction, raising $10.8M across two funding rounds. The platform aims to build an AI-powered InfoFi network to allocate attention and capital more transparently and efficiently. Kaito’s roadmap includes advanced AI analytics tools and expanded decentralized social features. [9]

SYRUP (Maple Finance) (+20.2% | Circulating Market Cap: $232M)

Project Highlights
Maple Finance is a cryptocurrency lending protocol founded in May 2021. Through Maple Finance, institutional investors can borrow funds without requiring full collateral, while users can invest in fixed-rate products to earn returns. According to DefiLlama data, Maple’s TVL stands at $759 million. Recently, asset management firm Bitwise announced a partnership with Maple Finance, marking its first venture into the decentralized finance (DeFi) space. Bitwise has invested in Maple’s Bitcoin-backed lending product. [10]

LTC (Litecoin) (+12.2% | Circulating Market Cap: $6.82B)

Project Highlights
Litecoin (LTC), developed in 2011 by ex-Google engineer Charlie Lee, was designed as a “lite” version of Bitcoin with faster transaction speeds. Earlier, Canary Capital filed an LTC spot ETF application with the SEC, but a decision was delayed, triggering short-term price weakness. The recent 12.2% surge marks a rebound from that decline. [11]

Alpha Data

SOL Strategies Acquires 122,524 SOL

Key Data
SOL Strategies announced the purchase of 122,524 SOL for $18,250,730 at an average price of $148.96. CEO Leah Wald stated that the acquisition aligns with the company’s strategy to expand validator operations and ecosystem exposure. SOL Strategies focuses exclusively on the Solana ecosystem, with business lines spanning enterprise-grade validation, strategic SOL holdings, and Solana tech innovation. Listed on the CSE (HODL), this Canadian investment firm is often dubbed “the MicroStrategy of Solana,” though Leah Wald emphasizes it is a technology-first company with sustainable growth ambitions.

Data Insights
This strategic acquisition further solidifies SOL Strategies’ role as a key infrastructure provider within the Solana ecosystem. By aligning capital allocation with node operations and technological innovation, the company is creating a more resilient and sustainable growth engine for the Solana ecosystem. [12]

KULR Technology Adds 42 BTC, YTD Return Hits 197.5%

Key Data
NYSE-listed KULR Technology (KULR) announced it has acquired 42 BTC worth approximately $4M at an average price of $94,403. Year-to-date, its BTC holdings have returned 197.5%. As of May 6, 2025, KULR holds 716.2 BTC (~$69M), with an average purchase price of $96,342.

Data Insights
KULR’s move demonstrates the company’s long-term confidence in cryptocurrency as a store of value and reflects the growing convergence of traditional capital with digital assets. When executives of publicly traded companies openly disclose crypto operations, this compliant and institutionalised approach is reshaping the investment model in the digital asset market, further driving Bitcoin’s integration into the mainstream financial system. [13]

TRUMP Team Earns Over 320M in Fees

Key Data
According to Fortune, blockchain analytics firm Chainalysis reports that since the launch of the TRUMP memecoin earlier this year, its issuer team has earned over $320M in fees. On May 5, Trump promoted an upcoming TRUMP-themed dinner scheduled for May 22.

Data Insights
The $320M windfall highlights increasing capital diversity in crypto markets as investors seek novel yield models. However, memecoins’ high volatility remains a significant risk, warranting caution. [14]

Alpha Outlook

New Hampshire Becomes First U.S. State to Pass Bitcoin Reserve Bill

Overview
Governor Chris Sununu has signed HB 302 into law, based on Satoshi Action Fund’s State Bitcoin Reserve (SBR) model. The bill allows the state treasury to purchase Bitcoin and top-tier digital assets, authorizing reserves up to $500B (with full stop-loss limits). Holdings are capped at 5% of state funds to complement existing portfolios. The bill mandates U.S. regulatory custodianship, with assets held under multi-signature control or via U.S. exchange-traded products to maximise safety and transparency. The law takes effect 60 days after enactment, providing a clear operational framework for reserves and stacking.

Key Insights
U.S. states are showing distinct differences in their Bitcoin reserve legislation. Florida officially shelved its Bitcoin reserve bill (HB 487) on May 3, joining six other states, including Wyoming and North and South Dakota, in withdrawing from this legislative round. Meanwhile, Arizona continues to push two related bills, South Carolina is considering authorizing the state treasurer to allocate 10% of state funds to Bitcoin, and Missouri’s proposal has entered the House special committee review phase. These differing legislative trajectories highlight significant divides among states regarding cryptocurrency regulation.

New Hampshire’s passage of the Strategic Bitcoin Reserve Bill (HB 302) is groundbreaking, offering the first actionable legislative model for other U.S. states to establish digital currency reserve systems. The bill innovatively includes secure custody solutions such as multi-signature cold storage. This breakthrough may reshape local government asset allocation in the U.S., and its demonstration effect could accelerate similar legislative efforts in other states, particularly those with strong financial positions and a more open attitude toward financial innovation. [15]

Tether Integrates Chainalysis Compliance Suite into Hadron Platform to Enhance Tokenization Standards

Overview
Stablecoin issuer Tether has announced the integration of blockchain analytics firm Chainalysis’s compliance and monitoring suite into its asset tokenization platform, Hadron. This integration equips Hadron with institutional-grade risk assessment tools, real-time transaction monitoring, and comprehensive “Know Your Transaction” (KYT) capabilities, aiming to ensure regulatory compliance from day one. Targeting institutions, enterprises, and governments, Hadron enables the issuance and management of stablecoins, bonds, funds, and commodity-backed tokens across multiple blockchains. The upgrade also features ecosystem-wide transaction monitoring, an integrated KYC and KYT framework, and API interfaces for seamless enterprise integration.

Key Insights
The integration of Chainalysis’ compliance suite into Hadron marks a strategic step toward making institutional-grade digital asset services more regulatory-friendly. Beyond building a full-stack compliance infrastructure that spans real-time KYT monitoring, multi-chain transaction tracking, and API-based risk controls, the upgrade provides institutional clients with tokenisation solutions aligned with global regulatory standards. This effectively lowers compliance barriers for traditional financial players entering the digital asset space. [16]

Aave Community Approves Proposal to Deploy Aave V3 on Aptos Mainnet

Overview
The Aave community has passed an ARFC proposal to deploy Aave V3 on the Aptos mainnet. The deployment aims to enhance Aave V3’s efficiency, accessibility, and resilience by leveraging Aptos’ infrastructure, expanding Aave’s reach to a broader audience.

Key Insights
As a multi-chain lending protocol, Aave V3 currently operates on networks including Ethereum, Arbitrum, Sonic, Base, and Polygon, according to DefiLlama. The approval of this proposal marks Aave’s further expansion, showcasing the protocol’s technical adaptability to the Move-based ecosystem. The deployment is expected to broaden Aave’s user base, particularly among high-performance users within the Aptos ecosystem, and drive new TVL growth. Aptos’ high throughput capabilities will deliver a superior transaction experience, further cementing Aave’s leadership in decentralised lending. [17]

Fundraising Updates

Fundraising Updates
According to RootData, three projects publicly disclosed fundraising rounds in the past 24 hours, covering public chains, AI, and DeFi sectors, with total funding exceeding $30 million. [18]

Sentora

Raised $25 million, led by New Form Capital
DeFi analytics platform IntoTheBlock and liquidity provider Trident Digital have merged to form Sentora. On May 6, Sentora secured $25 million in funding, led by New Form Capital with participation from Tribe Capital, Ripple, and Curved Ventures. The platform will combine both companies’ strengths to offer institutional investors an all-in-one service platform, including yield strategies, compliance, risk management, and structured products. Sentora is led by former Coinbase Head of Risk Strategy, Anthony DeMartino, and aims to simplify institutional access to DeFi as trillion-dollar assets move on-chain.

DogeOS

Raised $6.9 million, led by Polychain Capital
DogeOS, an application layer for the Dogecoin ecosystem, secured $6.9 million in funding led by Polychain Capital. The project aims to build an application development layer on Dogecoin’s blockchain, supporting a wide range of consumer applications from gaming to AI, and strengthening Dogecoin’s DeFi services. By offering OS-level development tools, DogeOS seeks to drive DOGE adoption and accelerate innovation within the community.

Litheum

Raised $750,000, backed by Amber Group and Alphemy Capital
Layer 1 blockchain protocol Litheum raised $750,000 in a round backed by Amber Group and Alphemy Capital. Litheum introduces a novel Proof-of-Performance (PoP) consensus mechanism that incentivizes all core network functions and dynamically adjusts block size and transaction fees. The protocol aims to optimise performance and cost efficiency while maintaining security and decentralization. Litheum is set to launch its testnet next quarter as it prepares for a mainnet rollout.

Any Airdrops?

Doodles

NFT project Doodles has announced the launch of the $DOOD token on the Solana network, with an airdrop targeting two groups:
Doodles NFT holders can pre-register and claim tokens via dood.doodles.app
New Blood community members will automatically qualify for the airdrop at TGE without registration

Doodles is a collection of 10,000 hand-drawn NFTs designed by Burnt Toast, featuring skeletons, cats, aliens, apes, mascots, along with dozens of rare traits, outfits, and artist-curated palettes. As the Doodles universe expands, holders gain exclusive access to new products, merchandise, and events through ownership. [19]

How to participate:

1. Purchase Doodles NFTs on OpenSea or Blur
2. Pre-register for the $DOOD token via dood.doodles.app

Reminder:
Airdrop plans and participation methods may change. Users are advised to follow Doodles’ official channels for updates, conduct thorough research, and exercise caution before participating. Gate.io does not guarantee future airdrop rewards distribution.


References:

1. Gate.io, https://www.gate.io/trade/BTC_USDT
2. Gate.io, https://www.gate.io/trade/ETH_USDT
3. Farside Investors, https://farside.co.uk/btc/
4. Farside Investors, https://farside.co.uk/eth/
5. CoinGecko, https://www.coingecko.com/categories
6. Investing, https://investing.com/indices/usa-indices
7. Investing, https://investing.com/currencies/xau-usd
8. Gate.io, https://www.gate.io/bigdata
9. Gate.io, https://www.gate.io/blog/6460/what-is-kaito-ai-where-can-you-buy-kaito-token
10. Gate.io, https://www.gate.io/zh/learn/articles/essential-guide-to-maple-finance/696
11. Coindesk, https://www.coindesk.com/policy/2025/05/05/sec-further-delays-litecoin-etf-requests-public-comments
12. Sol Strategies, https://solstrategies.io/sol-strategies-provides-update-on-sol-purchases-2/
13. Coinpedia, https://coinpedia.org/news/kulr-technology-buys-additional-42-bitcoin-worth-4m-companys-btc-trove-surges-to-716-2-coins/
14. Fortune, https://fortune.com/crypto/2025/05/06/trump-meme-coin-creators-320-million-fees-presidential-dinner-top-holders/
15. X, https://x.com/EleanorTerrett/status/1919791266914611476
16. Tether, https://tether.io/news/hadron-by-tether-integrates-chainalysis-sets-new-standard-for-compliant-tokenization/
17. Aave, https://governance.aave.com/t/arfc-aave-v3-deployment-on-aptos-mainnet/21823
18. Rootdata, https://www.rootdata.com/Fundraising
19. X, https://x.com/doodles

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Disclaimer
Investing in the crypto market involves a high level of risk. Users are advised to conduct independent research and fully understand the nature of any assets and products before making investment decisions. Gate.io assumes no responsibility for any losses or damages resulting from such investment activities.