KuCoin Crypto Daily(2026-05-06)

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Today's Highlights

1. Top 10 Biggest Token Unlocks in May - $850M hitting the market

2. New free cohort starting at Bitshala - Learn Bitcoin from the Command Line

3. Thunhoon Exclusive CEO Charity Golf 2026 - May 11


Macro News

U.S. Ends "Regulation by Enforcement" in Crypto

U.S. official Michael Selig stated the country has moved away from "regulation by enforcement" in crypto and will now work with the Trump administration to establish a clear regulatory framework.


Fed Increases Treasury Holdings to $4.4 Trillion

The Federal Reserve's Treasury holdings have risen to $4.4 trillion, the highest since July 2024, with $237 billion added since December. Treasuries now account for 65.9% of the Fed's total assets.


U.S. Spot BTC ETFs See $1.653B Inflows Over 4 Days

AiCoin data shows U.S. spot BTC ETFs have seen $1.653 billion in inflows over four days, with IBIT and FBTC leading the flow.


Canada Approves First CAD-Backed Stablecoin CADD

Canada has approved the first CAD-backed stablecoin, CADD, marking a significant step in the country's stablecoin regulatory landscape.


Banks Reject Stablecoin Yield Compromise in Clarity Act Draft

A group of banking associations has criticized the Clarity Act draft for not adequately addressing the payment of yield and interest on stablecoins.


Industry Hotspots

Starknet Launches Privacy-Focused strkBTC Bridge

Starknet has launched strkBTC, a privacy-first native BTC bridge, offering shielded balances and private transactions via zero-knowledge proofs.


Telegram Takes Control of TON Blockchain

Telegram has replaced the TON Foundation as the main driver of the TON blockchain and will become its largest validator within weeks, leading to a 35% surge in $TON.


Bitcoin Surpasses $80,000 Amid Low On-Chain Activity

Bitcoin has reached $81,000, but on-chain data shows network activity remains at a two-year low, indicating limited investor participation in the recent rally.


LayerZero Responds to KelpDAO Controversy

LayerZero co-founder Bryan Pellegrino denied most allegations against KelpDAO, stating that the project had manually updated its configuration in line with official documentation.


Michael Saylor Suggests Strategy to Sell Bitcoin for Dividends

Michael Saylor indicated that MicroStrategy may sell Bitcoin to pay dividends following three consecutive quarterly losses, signaling a potential shift in the company's strategy.


KOL and Institutions

@elonmusk

X Ads should shift from paying for attention to paying for outcomes. If X can identify truly interested users, the model should be flipped to reward users and platforms based on conversion.

@kyc_rip

XMR market status shows a CEX price of $412.26 and a street price of $414.94, with a 0.65% premium. Privacy nodes account for 74.7% of the network.

@cwtony89

Top 10 market cap coins show positive 24-hour changes, with Bitcoin up 1.49%, Ethereum up 0.66%, and Solana up 2.66%. Dogecoin leads with a 4.44% increase.

@GoldLoverXo

Bitcoin has risen 35% from its $60,000 bottom in February to $81,000. Ethereum has also seen a strong recovery from its February low.

@Starknet

Starknet's strkBTC bridge introduces privacy as a core feature, offering shielded balances and private transactions, marking a significant step for Bitcoin privacy on Layer 2.

@Telegram

Telegram is taking control of the TON blockchain by replacing the TON Foundation and reducing network fees by six-fold. The move has led to a 35% surge in $TON.

@Saylor

Criticism of Michael Saylor's plan to "inoculate" the market during Bitcoin's bear market breakout highlights concerns about his strategy's impact on investor sentiment.

Ekubo Protocol

Ekubo Protocol suffered a $1.4 million theft via its custom EVM-compatible expansion contracts. The affected contracts include V2 and V3 on Ethereum and V3 on Arbitrum.

@KobeissiLetter

The Federal Reserve's Treasury holdings have reached $4.4 trillion, with $237 billion added since December. Treasuries now make up 65.9% of the Fed's total assets.


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