Korean publicly listed company Bitmax transfers 550 BTC to CEX, claiming it's only for custody transfer.

May 10th — CryptoQuant analyst Axel Adler Jr says he remains cautious on Bitcoin’s recent price action, framing the current uptick as a corrective rebound after a sharp drop rather than the confirmed start of a new bull market. Adler noted Bitcoin’s recovery from $125,000 to $60,000 but emphasized key on-chain metrics haven’t hit levels seen at historical bear market bottoms. For example, long-term holder (LTH) holdings haven’t shown the typical accumulation pattern tied to market bottoms, and the market hasn’t undergone a full-scale spot sell-off or panic capitulation phase. On the macro front, Adler pointed to mounting pressures: the U.S. Consumer Confidence Index has fallen to a historic low of 48.2, Brent crude hovers near $100 (fueling inflation fears), and the 10-year U.S. Treasury yield has climbed above 4.5% — pressuring risk assets. He added the current rate market no longer bets on a swift Fed rate cut, and is even pricing in the chance of future hikes. Against this

**May 10th: Michael Saylor Touts STRC-Tied Yield Tokens, DeFi-BTC Integration** In an interview on May 10th, Michael Saylor named the integration of Bitcoin (BTC) with decentralized finance (DeFi) as one of the trends he’s most bullish on right now. He noted yield-bearing tokens tied to STRC have surged recently, with some protocols seeing their total value locked (TVL) grow at a rate of $1 million per hour. Saylor added DeFi platforms are already offering 8-11% yield products linked to STRC, and amplifying those returns further with 3x to 5x leverage. He expects the yield token market to evolve into a multi-billion-dollar industry in the coming months. Additionally, he revealed STRC’s current Sharpe ratio stands at 2.5—higher than most traditional credit products, stocks, and hedge fund strategies. “When you take high-Sharpe-ratio assets, tokenize them, and add leverage, you create an entirely new digital financial framework,” Saylor said.

Bitcoin topped $81,000 on May 10—up 0.83% over the past 24 hours, per HTX market data.

May 10 — Abbas Aslani, a senior research fellow at the Middle East Strategic Research Center, said Iran’s response to the U.S. proposal is “not a simple acceptance or rejection” — instead, it outlines Iran’s explanation and clarification of its position on the U.S. text. While Iran has shown greater flexibility, the nuclear issue remains the most challenging between the two sides. Iran has long been open to the International Atomic Energy Agency’s (IAEA) transparency and verification requirements. If the two sides strike an initial peace deal, it could foster a positive atmosphere and act as a confidence-building step. However, if the U.S. persists in pushing demands like requiring Iran to send its highly enriched uranium to the U.S. or suspend enrichment activities long-term, any agreement is unlikely, per FXStreet.

On May 10th, per Onchain Lens monitoring data, a newly created crypto wallet withdrew 843 PAXG from Binance—with the assets valued at $3.98 million.

**China, US to Hold Economic and Trade Negotiations in South Korea May 12-13** On May 10, a reporter asked about recent reports of upcoming China-US trade talks. The Chinese Ministry of Commerce responded that, as agreed by both sides, He Lifeng—CPC Central Committee Politburo member and Chinese Vice Premier—will lead a delegation to hold economic and trade negotiations with the US in South Korea from May 12 to 13. The two sides will discuss trade issues of mutual concern, guided by consensus from previous leader-level meetings and important phone calls between the two countries. (Source: Chinese Ministry of Commerce)