The US Navy's USS Bush Aircraft Carrier is currently sailing through the Arabian Sea, as tensions rise in the Middle East.

On May 5th, Bitcoin jumped ~30% from its recent low near $60k, fueling market chatter about a new "super cycle." In a recent report, ARK Invest noted Bitcoin is emerging as a core asset class for next-gen institutions. It projects the crypto’s market cap will grow at a ~63% compound annual rate over the next five years—climbing from its current ~$2 trillion to $16 trillion by 2030, and making up ~70% of the total crypto market. The report also forecasts the overall crypto market could hit $28 trillion by 2030, with smart contract networks (like Ethereum and Solana) taking the remaining share. Cathie Wood has previously predicted Bitcoin’s price could reach $300k to $1.5M by 2030. Key drivers include Bitcoin potentially capturing 40% of gold’s market value and accelerating asset tokenization trends. Industry takes also highlight tokenization as a key narrative. Robinhood CEO Vlad Tenev says the market is still in the early days of the "tokenization super cycle," while BlackR

On May 5, Alphabet’s Google, Microsoft and xAI agreed to grant the U.S. government early access to their artificial intelligence (AI) models—aimed at assessing the systems’ capabilities and bolstering security prior to public release. Per a Tuesday statement from the U.S. Department of Commerce, the deals will see these AI developers—alongside OpenAI and Anthropic PBC—grant the department’s AI Standards and Innovation Center pre-release reviews of their models. The department noted that OpenAI and Anthropic have renegotiated their existing partnerships with the center to better align with the priorities of President Trump’s AI Initiative. (Wall Street News)

**Crypto ETPs Post 5th Straight Week of Net Inflows (CoinShares)** On May 5, CoinShares released a report showing global crypto asset exchange-traded products (ETPs) recorded **$117.8 million in net inflows last week**—marking the fifth consecutive week of positive flows. Cumulative inflows over the five-week stretch topped **$4 billion**, with total assets under management (AUM) sitting at roughly **$155 billion**. However, fund flows were sharply differentiated: - Net outflows hit **$619 million** from Monday to Thursday, but a massive **$737 million inflow on Friday** flipped the weekly tally to net positive—reflecting a sharp rebound in market risk appetite ahead of the weekend. ### Regional Breakdown - U.S. net inflows slowed sharply to **$47.5 million** (down from $1.1 billion the prior week); - Germany ($43.8 million) and Canada ($16 million) saw steady inflows, signaling relative resilience in European markets. ### Asset Performance - Bitcoin-related product

On May 5, U.S. Secretary of Defense Pete Hegseth addressed the Middle East situation, stating the U.S. is taking action to secure navigation in the Strait of Hormuz. He emphasized the U.S. does not seek conflict but is prepared to respond if necessary. Hegseth noted the U.S. President has directed U.S. Central Command to restore commercial freedom of navigation in the strait. To date, U.S. commercial vessels have transited the waterway with support from U.S. Navy destroyers, keeping it open. Meanwhile, hundreds of ships are queuing to pass through. He accused Iran of long disrupting maritime traffic and attempting to “weaponize” critical shipping lanes for economic gain, calling their actions “unacceptable.” Hegseth warned Iran will face an “overwhelming firepower response” if it targets commercial shipping. Additionally, he said the U.S. is in close coordination with allies, shipping companies, and insurers to stabilize the situation. He also called on the international commu

On May 5th, Alphabet—Google’s parent company—will raise at least €9 billion via a record-breaking euro bond issuance. (FX168)

May 5: Brent crude fell to $110/bbl, down 2.08% intraday, per Bitget market data. WTI crude dropped below $104/bbl, with a 2.10% daily decline. News: U.S. Defense Secretary Hegseth said two U.S. commercial ships and a Navy destroyer have safely transited the Strait of Hormuz, with hundreds of global vessels still waiting to pass. “The two commercial ships, plus the destroyer, safely transited the strait—proving the waterway is open,” Hegseth stated. “We know Iran is embarrassed by this. They claim to control the strait, but that’s not the case.”