Daily Market Brief•May 6, 2025

Daily Market Brief 250506

  • Markets are largely unchanged. As of now, $BTC is trading at $94,745 and $ETH at $1,820. Bitcoin dominance stands at 64.83%.

  • Indonesia has suspended Worldcoin over alleged regulatory violations. The Ministry of Communication cited unregistered activities and privacy concerns, halting local operations of both the token and World ID. Authorities have summoned project representatives for a hearing.

  • Other headlines include: US spot bitcoin ETFs posted $1.8B in inflows last week, extending their positive streak to 18 days; Strategy bought 1,895 more BTC for $180MM, raising its total to 555,450 BTC; and VanEck filed for the first US BNB ETF (see below).

  • Over the past 24 hours, the top three gainers were $AKT, $TAO, and $SAROS, while the top three losers were $LAYER, $ENA, and $CHEEMS.

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