Japan's JPX to Proceed with Cryptocurrency ETF Listing, Potentially Launching as Early as Next Year

May 1 Analyst Murphy reports that on-chain holdings of new Bitcoin buyers—short-term holders—continue to climb, up from a temporary low of 3.38 million BTC to 3.68 million BTC. While this figure is still over 1 million BTC below the peak of the last bull market, analysts note that investors’ risk appetite is gradually picking up as the macro environment improves. In historical cycles, current new buyer holdings are roughly on par with mid-August 2022 levels (late bear market phase). Back then, BTC prices rebounded from a low of ~$19,000 to $24,000, a roughly 26% gain. By contrast, in the current cycle, BTC has rebounded from $62,000 to $79,000—a similar ~27% gain. Notably, while the capital needed to accumulate the same amount of BTC is now 3-4x higher than previously, plenty of robust new buyers are still entering the market. This trend shows Bitcoin’s market depth, capital capacity, and participant base have fundamentally shifted, further cementing its status as a mainstream

May 1st According to official sources, users with at least 237 Binance Alpha Points can claim 95 UAI tokens via an airdrop on the Alpha Event page—first-come, first-served. If the event stays ongoing, the points threshold will drop by 5 points every five minutes. Note: Claiming the airdrop uses 15 Binance Alpha Points. Users must confirm their claim via the Alpha Event page within 24 hours; failing to do so counts as waiving the airdrop.

On May 1st, MLM Monitor reported that Paradigm has transferred 2.14 million HYPE tokens (valued at $86 million) to Coinbase Prime over the past two days.

On May 1, Nansen data shows Abraxas Capital is betting on Bitcoin dominance via two wallets on the Hyperliquid platform. Wallet 1 (0x5b5d51): Long $10.5M in BTC with 10x leverage, while shorting HYPE, FARTCOIN, XRP, SOL, and ETH. Wallet 2 (0xb83de0): Short $4.56M in HYPE with 5x leverage (entry price: $42.80, current unrealized gain: $304K), while also shorting xyz:GOLD and xyz:CL. Collectively, the two wallets hold $8.8M in total short positions on HYPE, with $388K in unrealized gains. Abraxas Capital has accumulated $179M in total profits on Hyperliquid.

On May 1st, per Onchainlens monitoring, a whale withdrew 400 BTC from Binance 30 minutes ago—valued at $30.78 million.

May 1st — The Financial Times reports that former President Donald Trump’s sons Donald Trump Jr. and Eric Trump have merged with a key Kazakh mining group through a shell company. That group received up to $1.6 billion in U.S. government support last year for tungsten mining projects at the Katpar and Upper Kairakty deposits in northern Kazakhstan, with financing from entities including the U.S. Export-Import Bank. The Trump sons are set to join the company’s advisory board by the end of 2024 and hold shares. The report characterizes this as another instance linking the Trump family’s business empire to U.S. government interests.