[May 2: CRYPTO MARKET UPDATE-1]

• The Most Published News
Movement Labs has suspended co-founder Rushi Manche following a market maker scandal linked to $MOVE token dumping. Coinbase has responded by delisting the $MOVE token, leading to a 20% price drop in a single day. Binance had already banned the implicated market maker, Web3Port, further intensifying the governance concerns surrounding the token.

• Current Market Trends
On May 1, Bitcoin spot ETFs received a total net inflow of $422 million. @BlackRock's IBIT dominated the day with a single-day net inflow of $351 million, bringing its historical total to $43.006 billion. Other ETFs showed mixed trends, with Grayscale's Bitcoin Mini Trust ETF posting positive inflows and @ARKInvest’s ARKB recording a notable outflow.

• Regulations and Policies
Congress faces internal debates over proposed crypto market structure legislation, with factions divided on applying the Howey Test and the extent of regulation needed. President Trump’s push for clearer rules signals possible forthcoming regulatory clarity but also market uncertainty. Meanwhile, Nic Carter and Senator Lummis warn the Federal Reserve remains a major obstacle for banking participation in crypto and stablecoin operations, sustaining regulatory ambiguity around stablecoin legislation.

• Technology and Innovation
PancakeSwap’s adoption of AI-enhanced liquidity routing and integration with real-world assets showcases innovation driving DeFi forward. Ethereum’s forthcoming Pectra upgrade marks a key technological milestone aimed at bolstering network efficiency and scaling. These advances underscore the sector’s ongoing evolution despite broader market volatility.

• Institutional Investor News
@Saylor's company @Strategy aims to raise $84 billion to invest in Bitcoin, dividing the capital equally between equity and fixed income. The significant fundraising effort signals a robust commitment to Bitcoin from a prominent industry figure. The initiative is expected to reinforce institutional confidence in Bitcoin, potentially influencing market sentiment.

• Market Forecasts and Expert Opinions
Experts view Bitcoin’s role as a macro safe haven favorably amid ongoing tariff tensions and economic headwinds. The Fed’s likely pause on interest rate changes could provide a steady environment conducive to crypto growth. However, the regulatory environment remains a key uncertainty that may impact future market performance, warranting close investor attention.

• Security and Hacking News
Movement Labs faced a controversy involving co-founder Rushi Manche and a market-making agreement that led to a sudden 66 million $MOVE token dump. This caused Coinbase to suspend token trading and resulted in a sharp price decline, highlighting ongoing risks in emerging layer-2 projects and the importance of transparency.

• Conclusion
Today’s crypto landscape is characterized by strong innovation and institutional interest amid persistent regulatory and market uncertainties. PancakeSwap’s technological upgrades and DeFi expansion signal promising growth areas, while stablecoins like USD1 gain traction despite scrutiny. Institutional moves, including MicroStrategy’s massive Bitcoin acquisition plans, underscore growing confidence. Investors should monitor regulatory developments closely, as clarity could unlock further growth, while security events remind participants to remain vigilant. Maintaining a diversified approach with awareness of macro and policy dynamics will be key to navigating near-term volatility.

Daily crypto market update is an AI summarization of important news published in major crypto media in the last 24 hours at the time of sending. The full news story can be found at the URL below.
https://t.co/zokRJWaGRk