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Analyst: Bitcoin Rebound 'Fragile,' Rally Driven by Oil Price Drop Rather Than Strong Buying Pressure

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May 4 (Wednesday) — Macro analyst and Coin Bureau co-founder Nic Puckrin said in a post that Bitcoin’s rebound after recently topping $80,000 “looks shaky.” He noted the rally was mainly driven by falling oil prices (Brent crude dropped below $110 on “Project Freedom” news) — not strong buying support. If Brent surges back above $110, Bitcoin will face heavy downward pressure again. Puckrin added that if Bitcoin can’t hold above $79,500 today, the chance of a sharp rally will fade. He also pointed out gold has lost momentum after a strong 2025; safe-haven demand for the U.S. dollar is weakening too, as countries globally look to cut reliance on dollar-denominated assets. On traditional stocks, Puckrin warned AI trading is growing overcrowded. A red flag: industry outsiders (like a Japanese toilet maker) are “jumping into AI” to boost share prices — similar to last year’s trend of companies adding Bitcoin to their treasuries, which could signal a precursor to large-scale sell-offs.
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Bennett: If the Iranians want to escalate the situation, the U.S. is also willing to escalate

May 4 — U.S. Treasury Secretary Bennett told Fox News in an interview that if Iran chooses to escalate, the U.S. is prepared to do the same. “This is a test for Iran, but they’re just a group of ragtag pirates,” he said. “Their ‘mosquito navy’ has been completely wiped out — as many as double-digit ships have been destroyed. The U.S. only retaliates when attacked.” Bennett also noted the U.S. is opening the Strait of Hormuz as a humanitarian operation. “Countries — some of the poorest, most fragile in the world — have asked us to do this,” he said. “The strait carries not just energy, but fertilizer, food, and liquefied petroleum gas for cooking used by over a billion people in India.” (Source: Jinse)

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Circle Receives Approval from the French AMF to Provide Crypto Asset Services under the MiCA Framework

Circle, Europe’s largest regulated stablecoin issuer, announced on May 4 that it secured approval from France’s Financial Markets Authority (AMF) on April 20, 2026, to offer crypto services under the EU’s Markets in Crypto-Assets Regulation (MiCA). The greenlight lets Circle France provide custody and transfer services for its stablecoins USDC and EURC to clients across the European Economic Area (EEA), per MiCA Article 60(4). Circle Chief Strategy Officer and Global Head of Policy & Operations Dante Disparte said in a statement: “This milestone underscores our ongoing commitment to operating within Europe’s regulatory framework and supporting trusted digital financial infrastructure in France and the broader EU.” The move marks another key step for Circle as it doubles down on regulatory compliance and builds trusted digital financial infrastructure in Europe.

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Strive Acquires 444 Bitcoins, Valued at Approximately $33.9 Million

On May 4, Strive CEO Matt Cole disclosed via social media that he had increased his stake by roughly $33.9 million to acquire 444 bitcoins, at an average price of approximately $76,307 per BTC. His total bitcoin holdings now stand at 15,000 BTC, with a current quarterly return of 4.3% and a year-to-date return of 18.7%.

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Binance has announced the launch of the Withdrawal Whitelisting feature

May 4 (per official sources) — Binance has rolled out a new Withdraw Protection feature that blocks all on-chain withdrawals from user accounts within a preset lockdown window. No one, including the account owner, can withdraw crypto assets during this period. Users can enable the feature in their account settings. When activated, on-chain withdrawal requests are intercepted during the selected window, which can be set for 1 to 7 days (default: 48 hours). By default, Withdraw Protection is set to full lockdown and cannot be terminated early — a design aimed at users wanting to safeguard assets from pressure or coercion. For more flexibility, users can enable "Allow Withdrawal Override." This lets them end the lockdown early using a security key and authenticator app; they may also add an extra step via a confirmation code sent to an alternate phone number or email. Other account functions (trading, holding positions, account access) remain unaffected during the lockdown — o

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25-Year-Old Wall Street AI Stock Market Wizard's Portfolio Sees Another Universal Surge, IREN Soars by 10.78%

May 4 — Bitget market data shows Situational Awareness LP (SALP) holdings (based on Q4 2025 filings) were broadly higher today. Key moves include: - Bloom Energy (BE): +2.08% - CoreWeave (CRWV): +8.83% - Core Scientific (CORZ): +2.00% - Lumentum (LITE): +1.60% - Sandisk Corp (SNDK): +6.15% - Intel (INTC): -0.51% - Applied Digital (APLD): +2.74% - IREN (IREN): +10.78% - Cipher Mining (CIFR): +4.28% - Bitdeer (BTDR): +3.72% - Coherent (COHR): +1.11% SALP founder Leopold Aschenbrenner, a 25-year-old German investor (born 2001/2002), previously worked at FTX Future Fund and served as an OpenAI researcher in 2023. He was dismissed from OpenAI in 2024 over alleged confidential information leaks and refusal to cooperate with an investigation. In June 2024, he published a widely noted 165-page paper, *Situational Awareness: The Decade Ahead*, detailing the timeline and strategic implications of impending AGI. He then founded the eponymous SALP, which focuses heavi

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Haun Ventures Closes $1 Billion New Fund, Expanding Investment Focus to AI Agent Space

On May 4, crypto venture capital firm Haun Ventures—founded by former a16z partner Katie Haun—raised approximately $1 billion in a new fund, expanding its focus beyond blockchain infrastructure to AI agents, per Bloomberg. The fundraising stands out amid a contraction in the crypto VC space. SEC filings obtained by Fortune show top firms like Paradigm, Pantera, and a16z Crypto saw their assets under management (AUM) shrink in 2025. Haun Ventures is the only fund with counter-trend growth, its AUM rising from an initial $1 billion to over $2.5 billion. Katie Haun, a former federal prosecutor with over a decade of experience (and creator of the U.S. government’s first cryptocurrency task force), later became a16z’s first female general partner. Her unique compliance and policy background has steered Haun Ventures toward B2B solutions compatible with traditional finance. The fund has scored wins in payments: portfolio companies Bridge and BVNK—both led by Haun—were acquired, with va

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