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Bitcoin(BTC) Rises to $77,020 with a 0.2% Increase in 24 Hours

Bitcoin rose to $77,020, with a narrowed 0.2% increase in 24 hours.

Prediction Market ETFs Set to Launch Next Week

Prediction market ETFs are expected to officially launch next week, according to ChainCatcher. Bloomberg ETF analyst James Seyffart revealed that Roundhill has submitted the relevant application documents, with the effective date set for May 5. The initial prediction market ETFs will focus on the election outcomes of whether the U.S. Democratic or Republican Party will control the House of Representatives or the Senate.

BitMine Increases Ethereum Staking with Significant Addition

BitMine has recently staked 107,992 ETH, valued at $248 million, according to Foresight News. This latest transaction brings BitMine's total staked Ethereum to 3,923,389 ETH, worth approximately $8.98 billion.

Strategy's STRC Preferred Stock Gains Momentum with $8.5 Billion Notional Value

Michael Saylor has announced that Strategy's STRC preferred stock has achieved a notional value of approximately $8.5 billion within nine months, describing its growth as "going viral." According to NS3.AI, Saylor highlighted that Strategy data indicates STRC has financed the acquisition of around 77,000 BTC in 2026 year-to-date. He also noted that approximately 80% of STRC holders are retail investors.

Novogratz Says Bitcoin Retaking $100,000 Will Prove Difficult

Japan's economy could face significant challenges following the closure of the Hormuz Strait by Iran's Islamic Revolutionary Guard Corps, according to a report by the Japan Broadcasting Corporation on March 1. According to Jin10, the closure comes amid escalating tensions between the U.S. and Iran. Japanese experts warn that a prolonged blockade of this critical maritime route could lead to a 3% reduction in Japan's GDP. The Hormuz Strait is a vital artery for transporting Middle Eastern energy resources globally, and Japan relies on the region for over 90% of its crude oil imports. The blockade poses a severe threat to Japan's energy security and economic stability.

Most Prediction Market Traders Are Losing Money While Bots Rack Up Gains

Prediction markets are being touted on social media as a lucrative side hustle for young Americans squeezed by rent and student loan bills. In reality, most traders are losing money, and a significant amount in many cases.

Over 100,000 accounts lost at least $1,000 on Polymarket, one of the largest prediction markets, according to a Bloomberg News analysis of every wallet active since the beginning of 2025. That is almost twice the number that made at least that much.

Among the winners, a majority of the profits were raked in by a tiny slice of what look to be automated bots, based on the Polymarket trade records compiled by the data firm Dune. Everyone else, in aggregate, lost $131 million.

IREN Dips 8% Ahead of Q3 Results—Can AI Shift Offset Mining Losses?

IREN (IREN) stock fell ~8% to ~$44.44 ahead of its Q3 FY26 results scheduled on Thursday, May 7, as investors weigh its ongoing shift from Bitcoin (BTC-USD) mining to AI cloud.

Co-founder Daniel Roberts recently said on X that the company is “still early in the compute cycle,” highlighting supply constraints and rising AI demand.

He also noted early progress on its Microsoft-linked Horizon projects, with the first 200MW already underway.

Bitcoin Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Tuesday was $89.68 million. The total net asset value of Bitcoin spot ETFs is $100.39 billion, and the ETF net asset ratio (market value compared to the total Bitcoin market value) is 6.56%.

The Bitcoin spot ETF with the highest net outflow was iShares Bitcoin Trust ETF, with a net outflow of $112.25 million, according to SoSoValue.

SoSoValue