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US banks can handle customer crypto assets held in custody, regulator confirms

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Bitcoin nears $100K as Trump set to reveal trade deal with UK

Bitcoiners expect Bitcoin to soon break past $100,000 and potentially hit a new all-time high as US President Donald Trump is set to announce a trade deal with the UK.
Trump said in a May 7 Truth Social post that a “major trade deal” with a “big, and highly respected, country” would be announced on
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Texas House committee passes Bitcoin reserve bill for full floor vote

A Texas House Committee has passed a Republican-backed bill to create a Bitcoin reserve, which now only needs a successful full floor vote before heading to the governor’s desk.
The Texas House Committee on Delivery of Government Efficiency passed Senate Bill 21 with no amendments on May 7 in a 9-4
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Inter Milan fan token soars after Champions League win over Barcelona FC

Key takeaways:
Inter Milan Fan Token jumped 10.5% after beating Barcelona, showing a direct price correlation with match outcomes.
PSG and AFC fan tokens signal breakout patterns ahead of the Champions League semifinal.
Crypto betting odds favor PSG over Inter Milan, influencing fan token
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Can XRP price reach $4 in May? Analysts are watching these key levels

Key takeaways:
XRP price is up 2% on May 7, buoyed by US-China trade talk optimism, with key support at $2.08 critical for sustained recovery.
Whale accumulation signals XRP price strength.
XRP price must hold above $1.83–$2.00 support to continue upside, analysts say.
XRP (XRP) price
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Strive to become Bitcoin treasury company

Strive Asset Management, founded by entrepreneur and former presidential candidate Vivek Ramaswamy, has revealed plans to transition into a Bitcoin treasury company.
According to a May 7 announcement, Strive is going public through a reverse merger and plans to use the combined company’s stock to a
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Bitcoin 'Realized Cap' hits $890B as BTC traders focus on recapturing $100K

Key Takeaways:
Bitcoin’s realized capitalization hit a record $890 billion, reflecting strong investor conviction as long-term and short-term holders increased allocations.
Large Bitcoin holders with over 1,000 BTC have accumulated significantly since March 2025, reflecting the Q1 2024 trend.
B
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Ethereum Pectra upgrade adds new features — How long before ETH price reacts?

Key takeaways:
Reclaiming the $2,200 level remains the first price challenge for ETH
ETH price could recover if the Pectra upgrade leads to a surge in DApp and Ethereum network activity
Ethereum successfully
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Bitcoin miner Core Scientific posts $580M Q1 profit but misses revenue estimates

Nasdaq-listed Bitcoin mining firm Core Scientific Inc. posted a net profit of $580 million with its first quarter results, but missed analyst revenue estimates after a drop in its mining profits.
Core Scientific’s Q1 2025 results, shared on May 7, saw it more than double its $210 million net
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US Treasury Secretary expresses support for crypto bills at hearing

Speaking at a hearing, US Treasury Secretary Scott Bessent suggested support for two crypto-related bills moving through Congress.
Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the “premier destination for digital a
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$45 million stolen from Coinbase users in the last week — ZackXBT

Onchain sleuth and security analyst ZackXBT claims to have identified an additional $45 million in funds stolen from Coinbase users through social engineering scams in the past seven days alone.
According to the onchain detective, the $45 million figure represents the latest financial losses in a s
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SocialFi has failed to take off — Here's what needs to change

Opinion by: Anurag Arjun, co-founder of Avail
On paper, SocialFi is a no-brainer. It promises to shift the balance of power in social media — giving people control over how their content and personal data are used and monetized. It even offers users a stake in the $200+ billion social media
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Bitcoin returns to $98K as Fed holds rates steady despite Trump’s demand

Bitcoin has reclaimed $98,000 for the first time in almost three months after the US Federal Reserve said it would keep interest rates the same for another month.
The Fed’s decision to keep interest rates unchanged comes despite mounting pressure from US President Donald Trump, who just weeks ago t
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Arizona governor signs law for state to keep unclaimed crypto

Arizona Governor Katie Hobbs has signed a bill into law allowing the US state to keep unclaimed crypto and establish a “Bitcoin Reserve Fund” that won’t use any taxpayer money or state funds.
Hobbs signed House Bill 2749 into law on May 7, which allows Arizona to claim ownership of abandoned
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Bitcoin price cools going into Fed rate hike week, HYPE, AAVE, RNDR, FET still look bullish

Key points:
Bitcoin’s positive sentiment should remain intact if BTC price stays above the 20-day EMA near $92,000.
Several altcoins show bullish chart patterns in the 4-hour and 1-day timeframes.
Bitcoin (BTC) has given back some of the gains over the weekend, and the price has pulled back to t
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