Santiment: Social Media Platform 'Bearish' Sentiment Strengthens as Bitcoin Rebound Continues, Potentially Propelling Bitcoin Back to $100,000

On May 1, former President Donald Trump commented on the status of negotiations with Iran, declining to rule out the possibility of continued hostile actions. When asked by reporters whether he was "eager to violate the ceasefire agreement," Trump said Tehran’s "stubborn" behavior created numerous hurdles in talks with Iran, citing that "nobody knows who their leader is." When circling back to the original question, he initially stated, "I don’t know if we need to do that" — but later added, "We may indeed need to." Trump also noted that a blockade of the Strait of Hormuz was "unthinkable" and claimed Washington had "neutralized" Iran’s nuclear capabilities.

On May 1, the U.S. Senate shot down the sixth Democratic effort to rein in President Trump’s authority to wage war against Iran. With the conflict nearing a critical 60-day deadline, Republicans continued to firmly back the Trump administration. On Thursday, a procedural vote spearheaded by California Democratic Sen. Adam Schiff to advance a war powers resolution failed, with 47 votes in favor and 50 opposed. The measure would have ordered the president to withdraw U.S. forces from hostilities involving Iran. The 1973 War Powers Resolution requires that if Congress hasn’t authorized military force, the president must withdraw U.S. armed forces after 60 days. That 60-day window begins when the president formally notifies Congress. Trump notified Congress of hostilities involving Iran in a March 2 letter—setting the 60-day period to end on Friday, May 1. The president may extend the withdrawal deadline by 30 days.

As of May 1st, CME Group’s FedWatch Tool shows a 5.1% chance the Federal Reserve will cut interest rates by 25 basis points in June, with a 94.9% probability rates will remain unchanged.

Bloomberg, via the OneMillion AI Monitor Telegram channel, reported that a powerful U.S. Senate committee is advancing legislation requiring OpenAI, Meta Platforms (META.O) and other AI firms to bar minors from using AI chatbots—amid growing public concern over the harm the fast-evolving technology poses to children and teenagers. In the deeply polarized Senate Judiciary Committee, Republicans and Democrats have set aside partisan divides to back the bill unanimously. The legislation would mandate strict age-verification systems for AI companies, prohibit them from offering AI companionship services to minors, and block chatbots from sending harmful messages to young users.

May 1st — Syndicate Labs confirmed a private key leak led to a malicious upgrade of its cross-chain bridge contract on two blockchains, with only one specific chain impacted (other networks were unaffected). The attacker transferred and sold roughly 18.5 million SYND tokens (valued at ~$330,000) plus ~$50,000 in user-held tokens. Syndicate noted the attack involved multi-stage reconnaissance, infrastructure mapping, and precise execution — signaling high technical sophistication — and ruled out insider involvement. Root causes included storing the private key in a password manager without an extra encryption layer, plus an upgrade process lacking multi-signature/hardware signing, specific upgrade alerts, or circuit breakers. The team announced full compensation for all affected users (including returning the 18.5 million SYND plus additional relief) and affected app chain customers. Security upgrades are underway: stronger private key encryption, tighter access controls, plans

May 1st, per Coinglass data, Bitcoin posted a slight dip, and current funding rates across major centralized (CEX) and decentralized (DEX) exchanges still reflect a predominantly bearish market. Specific funding rates are included in the attached image. BlockBeats Note: Funding rates are set by crypto exchanges to keep contract prices aligned with spot prices, typically for perpetual contracts. They facilitate fund transfers between long and short traders—exchanges do not collect this fee. The mechanism adjusts the costs or profits of traders holding contracts to narrow the gap between contract and spot prices. A 0.01% rate serves as the baseline: rates above 0.01% signal a generally bullish market, while rates below 0.005% indicate a bearish trend.