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- Democrats push back on stablecoin bill, bullish ETF flows and OP_RETURN drama
Democrats push back on stablecoin bill, bullish ETF flows and OP_RETURN drama
Headlines you missed from this weekend!
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Happy Monday! Today, we got prices, earning call times, headlines, and podcasts!
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Market Opens
BTC $93.8K 1.5% GOLD $3,322 2.4% MSTR $378 4% COIN $201 1.8% | MARA $13.18 1.8% CLSK $8.11 8% RIOT $7.78 7% CORZ $8.44 3% |
Earnings Calls This Week
Company | Date & Time | Calendar |
---|---|---|
Cipher Mining Inc. (CIFR) | Tuesday, May 6, 5:00 PM ET | |
Hut 8 Corp. (HUT) | Thurs, May 8 8:30 PM ET | |
CleanSpark Inc. (CLSK) | Thursday, May 8 4:30 PM ET | |
MARA (MARA) | Thursday, May 8 5 PM ET |
Capital Inflows
Per CoinShares, we’ve reached three consecutive week of inflows in digital asset investment vehicles, totaling $2 billion last week and $5.5 billion over the past three weeks - link

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Senate crypto bill hits roadblock as Democrats revolt
Democratic lawmakers say GOP revisions weaken anti-money laundering provisions, complicating one of Trump’s top financial priorities – link.
Kyrgyzstan to launch gold-backed stablecoin in Q3
The USDKG will be backed by $500 million in gold and initially target cross-border payments across Central and Southeast Asia – link.
Trump denies profiting from $TRUMP token
Despite on-chain links to entities managing his NFTs, Trump insists he has no financial gain from the token’s rise – link.
Strategy doubles bitcoin fundraising plan to $84 billion
Wall Street analysts support the move as the firm boosts its BTC yield and performance targets amid growing market cap – link.
Thumzup seeks $200 million to 100x bitcoin holdings
The adtech firm is raising funds through stock and warrants, with plans to grow its 19-BTC treasury into a Strategy-style crypto play – link.
Vitalik proposes overhaul to make Ethereum ‘simple as Bitcoin’
By replacing the EVM with RISC-V, Ethereum could see a 100x speed boost and streamlined infrastructure, Buterin says – link.
Outpace the Halving, Maximize Your BTC Payouts
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Tweet of the Week
Should OP_RETURN get the axe? Bitcoin Core is interested in removing the function, with a few obvious benefits. However, developers kicked the Ordinal hornet nest, receiving overwhelming negativity on Twitter from armchair developers. If only there was a conference for developers and plebs to meet up and discuss these pressing issues? (cough, cough OPNEXT)
The OP_RETURN PR may be one of the highest ROI changes in bitcoin history. It
1. Removes Core censorship of consensus valid transactions (described as "paternalistic" by Core devs)
2. Reduces centralization pressure by making certain data stores (OP_RETURN between 81 and 137— Steve Lee | #TeamSlowAndSteady | 🟠 (@moneyball)
10:54 PM • May 4, 2025
Blockspace Podcasts
Welcome to The Mining Pod News Roundup! The gang breaks down Tether's latest foray into the bitcoin mining sector as it seeks a $25M stake in AntAlpha, Galaxy's CoreWeave deal expanding to a total of 393MW, and the dramatic impact of the 2024 halving one year later. Plus, they dive into Cambridge's latest report showing Bitcoin uses 0.5% of total global electricity, and for this week’s cry corner: the contentious proposal to abolish the OP_RETURN data limit.
Santisa from Lucidity joins The Gwart Show to discuss market neutral strategies in DeFi, focusing on extracting alpha from stablecoin pairs and incentive programs while staying risk-neutral. We cover protocol monitoring, on-chain analysis, and why DeFi tokens often don't reflect true equity value.
Charlie and Colin reveal five lesser-known facts about Bitcoin: Satoshi's original client included a poker program, there's an off-by-one error in Bitcoin's difficulty adjustment, the 21 million cap isn't mentioned in the whitepaper, three major inflation bugs threatened Bitcoin, and "Bitcoin Pizza Guy" Laszlo Hanyecz was a pioneering contributor to its development and mining technology.
Arizona is leading the charge to create a strategic Bitcoin reserve, with two bills awaiting the governor's signature to allow up to 10% allocation in Bitcoin and other digital assets. States like Texas, New Hampshire, and North Carolina are also advancing legislation, contributing to the 40 Bitcoin reserve bills filed across the US. As states explore custody options, yield strategies, and political challenges, the race to establish Bitcoin reserves is intensifying.
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