Crypto

• Bitcoin broke $80k and hit near $81,000 on May 5 after closing last week at $78,790 (+1.2%).

• The CLARITY Act stablecoin yield compromise dropped on May 1. Coinbase, Circle, and the Crypto Council all backed it; markup expected mid-May.

• Powell delivered his final FOMC press conference on April 29 with rates held at 3.50% to 3.75% and four dissenters, the most since 1992.

• Discussion with Dan Morehead, CEO of Pantera Capital, about evolution of crypto as an investable asset
• Morehead’s early involvement in crypto and his bullish outlook on the future of the market
• Robbie’s perspective on bitcoin as a risky asset with unique properties for long-term investment diversification

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• Bitcoin reclaimed $78,000 mid-week and traded around $77,875 on Sunday, up 4.4% on the week as institutional flows reasserted themselves.

• Strategy disclosed a $2.54 billion purchase of 34,164 BTC, lifting holdings to 815,061 BTC and passing BlackRock’s IBIT as the largest single Bitcoin holder.

• Spot Bitcoin ETFs logged $823 million of net inflows for the week of April 20 to 24, an eight-day streak that pushed April’s total above $2.4 billion.

• Ethereum’s limitations today are not solely a function of raw capacity alone.
• The current blockspace market has created an environment that has incentivized adversarial ordering games and bidding wars that meaningfully degrade user experience, distort application designs, and limit how effectively the network can scale.
• ETHGas is an attempt to move away from this model, and reduce reliance on these sorts of terminal auctions and the extractive behaviors they incentivize.

• Bitcoin touched a two-month high of $77,401 on April 17 after Iran reopened the Strait of Hormuz, then eased back to $74,570 by Monday.

• Ether outpaced Bitcoin mid-week, rising about 8% over 24 hours versus Bitcoin’s 5% as capital rotated into ETH ETFs.

• Spot Ether ETFs pulled in $187 million for the week ending April 10, their strongest weekly inflow of 2026, snapping three consecutive weeks of outflows.

• According to Graph 1, during the period March 11th – April 10th, 2026, the price of XRP exhibited a sharp peak followed by a sustained corrective phase.
• From the beginning of the period until March 17th, the digital asset saw a powerful rally, after which a volatile downward trend was observed as the price broke below both moving averages.
• The MA-10 line crossed below the MA-20 in late March, signaling a bearish shift in the short-term trend. 

• Bitcoin recovered from $68,270 to above $72,100 this week, buoyed by a brief US-Iran ceasefire that triggered $600M (April 8) in short liquidations before geopolitical uncertainty returned.

• Bitcoin ETFs posted $471M in net inflows on April 6, the strongest single-day intake since February 2026, with ETFs now holding over 721,000 BTC collectively.

• Strategy (formerly MicroStrategy) resumed buying, adding 4,871 BTC for $330M at an average price of $67,718, bringing total holdings to 766,970 BTC.

• Bitcoin opened Q2 near $68,400 as tariff shock from the April 2 “Liberation Day II” reciprocal tariff announcement pressured all risk assets.

• BTC dropped to $66,246 on the day of the tariff announcement and briefly traded below $66,000 before stabilizing near $66,500, closing the week down roughly 4.5% from its Q2 open amid elevated macro uncertainty.

• Ethereum tested the $2,000 level and closed the week around $2,110-$2,129 (April 6), down 3.8% to 4.3%, continuing its structural underperformance relative to Bitcoin as BTC dominance climbed to 57.9%

• The Iran war entered its second month with no off-ramp in sight.
• A brief Trump-announced five-day pause on strikes against Iranian power plants on March 23 sent Bitcoin surging from $67,500 to above $71,200 in under an hour, triggering $415 million in crypto liquidations, before Iran denied any direct communication with the White House and prices reversed.
• Bitcoin closed Q1 2026 near $66,528, down roughly 47% from its all-time high of $126,198 set in October 2025.

• Decentralized identity (DID) has not been about why but about when.
• With the mass adoption of crypto as the new financial rail and the rapid growth of the agentic web, the moment for DID has arrived.
• We estimate that spending on blockchain-enabled decentralized identity will reach $20B, driven by the digitalization of personal identity and the dramatic increase of AI agents.