Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Bitcoin Price Jumps to $96K As China Confirms Restart of US Trade Talks

Bitcoin price has climbed sharply to $96,500 following confirmation that China and the United States will resume formal trade negotiations this week. This marks the first direct engagement between both governments since President Donald Trump returned to office in January and introduced new tariffs on Chinese goods.

US Panel to Review Trump’s Crypto Engagements for Possible Conflicts of Interest

A US Senate investigative panel is preparing to investigate potential conflicts of interest linked to President Donald Trump’s growing involvement in cryptocurrency, a recent letter shows.

This inquiry focuses on Trump’s financial ties to the $TRUMP meme coin and his family’s World Liberty Financial (WLF), both of which have raised concerns about foreign influence and ethical breaches.

Benchmark Is Bullish on Bitcoin Miner Maker Canaan With 5X Price Target

Investment bank Benchmark has upgraded Bitcoin mining hardware manufacturer Canaan’s stock to a “buy” rating in an analyst’s note Tuesday.

Equity research analyst Mark Palmer said that the firm's strategy of expanding in North America will help its stock rise, and set a $3 price target—five times the current price. Canaan (CAN) is listed on the Nasdaq.

Mentions of 'cryptocurrency' and 'stablecoins' in SEC filings hit record high in April

Mentions of the word "cryptocurrency" in SEC filings hit an all-time high of 786 in April, a 38% jump from 569 in March and an 8% increase year over year from 727 in April 2024. Between January 2024 and March 2025, the monthly average was 457.

The spike suggests that federal agencies are dedicating more attention and resources to digital assets, likely in anticipation of new frameworks or forthcoming guidance from the U.S. Securities and Exchange Commission. The hope is that increased regulatory engagement will lead to clearer, more consistent rules that support long-term industry growth and boost institutional confidence.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Tuesday was -$85.64 million. The total net asset value of Bitcoin spot ETFs is $111.15 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.91%.

The Bitcoin spot ETF with the highest net inflow on May. 6 was iShares Bitcoin Trust, with a net inflow of $36.73 million.