The post-FOMC meeting result has been favorable for the crypto market, as it’s witnessing a significant uptrend. Previously, experts have anticipated high volatility around the Fed’s decision on interest rates, but the market remains relatively stable and even bullish for a few cryptocurrencies. However, this may not last long as two important macroeconomic events will take place today, May 8, whose outcome would affect the digital assets. Let’s discuss.
Crypto Market News: Key Macroeconomic Events to Watch Today
Various macroeconomic events put strong pressure on the crypto market, and two such events are happening today. Economic data releases, including Initial Jobless Claims, Unit Labor Costs, Fed’s Balance sheet, and many others, will take place on May 8.
In this, the Initial Jobless Claim is an important macroeconomic event, which will be released at 8:30 ET. It is expected at 231k, down from the previous 241k per Zacks report. In addition, the Coinbase Q1 2025 earnings report will be out.
Coinbase is among the biggest cryptocurrency exchanges and has a significant impact on the digital assets and stock market. Crypto investors and stock investors are awaiting its results, especially as analysts expect EPS to be $1.93, less than Q4 2024 ($2.26).
In addition, experts also foresee a decline in revenue and trading volume. Altogether, this could affect the cryptocurrency market and the COIN stock price. The Coinbase earnings report will be announced on May 8, 2025, once the market closes.
Coinbase crushed it in Q1 2024
– Revenue: $1.6B (+72% vs Q4)
– Opex: $0.9B (+5% vs Q4)
– Net Income: $1.2B (+331% vs Q4)
– Adj. EBITDA: $1.0B (+213% vs Q4)
– Cash: $7.1B (+24% vs Q4)
– 2x USDC on platform vs Q4
– 8x Base developers vs Q4 pic.twitter.com/nEO96t687p
The performance of the digital assets and the market depends entirely on the sentiments of the investor. The decline in Coinbase earnings report expectations already indicates the weaker sentiments of the users, and the other macroeconomic events could worsen it.
If the Jobless Claims are lower than expected, the crypto market could crash. However, if the data is above expectations, the market could rally. The FOMC meeting result has fueled the rally of the digital assets, and more can be anticipated, but uncertainty remains.
Bitcoin price has surged massively and is nearing the $100,000 mark. A bullish stimulus from these macroeconomic events could aid in the rally.
In 2025, AI agents became the newest obsession for crypto market participants. They were integrated into decentralized finance (DeFi), gaming, infrastructure, and even DAO governance, touted as the next evolution of Web3 intelligence.
With this in mind, BeInCrypto contacted OORT CEO Dr. Max Li for his perspective on whether these autonomous, machine-learning-driven software acting on behalf of users could reshape crypto. Li had some interesting insights, but warned that real-world adoption, security, and regulation are the biggest hurdles ahead.
The AI Agent Gold Rush: Disruption or Distraction?
Data from the AI Agents Directory indicates an average monthly increase of 33% in the number of AI agents.
However, despite the growing interest, Web3-based artificial intelligence solutions still account for a minimal fraction (3%) of the overall AI agent ecosystem.
According to Dr. Max Li, founder and CEO of decentralized cloud network OORT, the space is moving faster than its infrastructure can handle, pointing to models like ElizaOS (formerly ai16z).
Yet, in his opinion, the broader playing field is not ready. He says the core infrastructure, from decentralized storage to tokenized agent marketplaces, is still under construction.
The Real Bottleneck? Security, Not Speed
While scalability is often seen as crypto’s weakness, Max Li says security and compliance are bigger threats. This is especially true when tokenizing AI outputs like computing, decision-making, or real-time data.
Dr. Li added that tokenized AI raises difficult questions. Who owns the data that the agents generate? How can decentralized systems comply with global data laws like GDPR? And what happens when AI agents interact with sensitive personal or financial information on-chain?
“These may already be more significant barriers than scalability,” Dr. Li warned.
The OORT executive emphasized that without clear custodianship or compliance frameworks, the risks extend beyond crypto to regulators, investors, and end-users.
Enterprise Adoption Isn’t Coming Anytime Soon
The industry often claims AI agents will bring real-world industries on-chain. However, Dr. Li says it is still a fantasy, particularly in the public blockchain.
He explained that while enterprises like Walmart could benefit from AI for internal operations, there is little incentive to tokenize those agents. Traditional firms want efficiency and control, not decentralized tokens wrapped around their core systems.
“Most enterprises would prefer to keep that data within their own secured servers rather than exposing it on a public, decentralized network,” he said.
While private chains may offer a bridge, Max Li says the idea of tokenized agents powering real-world logistics or finance is, for now, a crypto-native dream.
A Market Fueled by Hype
AI agent tokens have exploded in 2025. Riding the momentum of both AI and crypto, they have attracted massive capital inflows. However, Dr. Li parallels the dot-com bubble, concluding that while innovation is real, the market is overheated.
Based on this, he does not believe the current rally is sustainable: “It’s fair to say there’s a bubble forming here.”
This sentiment echoes Binance founder Changpeng Zhao (CZ), who recently warned that most AI token projects launch too early.
“Too many AI agent developers focus too much on their token and not enough on the agent’s usefulness. I recommend making a really good agent first,” wrote CZ in a post.
Zhao argued that only a tiny fraction of AI agents, say 0.05%, actually need tokens at this stage. Similarly, Hitesh Malviya, an analyst and popular figure on X, recently echoed this sentiment in a post.
“If you look outside the crypto echo chamber, you’ll find that we do have a solid ecosystem of free and better AI agents—and they don’t have tokens, nor might they ever need one. So, what we’re trading in the name of agents is nothing but memes—a value we created out of thin air, like we always do,” Hitesh observed.
Regulatory Turbulence Ahead
Perhaps the most underappreciated risk in the AI agent boom is regulation. The intersection of open AI systems, tokenized data, and borderless blockchains is a minefield for compliance.
Dr. Li warned of contradictions yet to be resolved: How can decentralized AI be transparent and private? Who is liable when agents act autonomously but cause financial losses?
“In the short term, regulatory intervention will likely create additional hurdles for innovation,” he concluded.
This is especially true where there is no global consensus. Until jurisdictions align on KYC (know-your-customer), AML (anti-money laundering) laws, and data governance, institutional adoption will remain cautious, if not frozen.
While the rise of AI agents is real, their integration into tokenized crypto ecosystems is still a high-risk, high-ambiguity frontier. Infrastructure remains fragile. Legal frameworks are missing, and real-world adoption is still speculative at best.
Dr. Max Li’s view is clear: crypto must shift its focus from hype to functionality—from token-first to agent-first design.
Only then will the next leap in AI-powered decentralization become more than just a market cycle.
PI has staged a remarkable comeback after plunging to an all-time low of $0.40 on April 5. Amid a broader market recovery over the past week, the altcoin has seen a resurgence in demand, driving its price up 84% from its recent bottom.
With the bulls attempting to strengthen market control, PI could extend its gains in the short term.
Additionally, the histogram bars, which reflect the strength of that momentum, have gradually increased in size over the past few days, highlighting the growing demand for the altcoin.
When an asset’s MACD is set up this way, upward momentum is building, and buyers are gaining control. PI’s MACD crossover is a bullish signal, suggesting the potential for continued price gains as buying pressure increases.
In addition, PI’s positive Balance of Power (BoP) reflects the growing demand for the altcoin. As of this writing, the indicator is at 0.52.
The BoP indicator measures the strength of buyers versus sellers in the market, helping to identify momentum shifts. When its value is positive, buyers are dominating the market over sellers and driving newer price gains.
Is $1 Within Reach?
PI’s ongoing rally has caused its price to trend within an ascending parallel channel. This bullish pattern is formed when an asset’s price consistently moves between two upward-sloping, parallel trendlines.
It signals a sustained uptrend, with PI buyers gradually gaining control while allowing short-term pullbacks. If the rally continues, PI could exchange hands at $0.95.
Pi Network remains in a price-discovery phase after its recent mainnet launch. After initially rising to $2.98 on February 28, the token has crashed to $1.8, mirroring the price action of other altcoins. Pi coin’s future is still uncertain, but the odds are that it will perform as other altcoins do, where it follows Bitcoin’s price action. This article explores how high the value of Pi will get if Bitcoin price hits $200k.
Pi Network Price
Pi Network Price Would Rise if Bitcoin Jumps to $200k
Bitcoin price has done well since its inception in 2009. In this period, it has jumped from less than $1 to $90,000 today. With its fundamentals improving, there are chances that it will surge to $200,000 over time. It needs to rise by 122% to get to that level, an achievable scenario since it has risen by 220% since September 2023.
These fundamentals are the rising demand and falling supply. Bitcoin demand has jumped in the past few years, as evidenced by the growing assets in spot ETFs These funds have added over $40 billion in about 15 months, and the trend will continue.
BTC demand will rise if the US successfully launches Strategic Bitcoin Reserves. Such a move will likely push more countries and companies to acquire Bitcoins for their reserves. This demand is rising at a time when Bitcoin mining difficulty has jumped, making them rare.
A Bitcoin price surge to $200K would lead to more gains among altcoins, including Pi Network, which has become a highly popular coin. Historically, altcoins like Solana, Cardano, and Litecoin thrive when Bitcoin price rises.
Pi Coin Price Outlook if BTC Hits $200K
Pi Network would likely outperform Bitcoin if it surged to $200,000 because of the potential catalysts. First, there is a likelihood that Pi coin will receive numerous exchange listings like Binance, Coinbase, and Upbit. Such a move would make it available to millions of customers. In most cases, cryptocurrencies do well when they are listed by tier-1 exchanges.
Second, there is a likelihood that one or more companies will file for a spot Pi ETF, a move that would boost its price. Also, as a Made in USAcryptocurrency with substantial utility, there is a likelihood that it will be added in strategic crypto reserves.
Bitcoin trades at $90,000, meaning that it needs to rise by 122% to get to $200,000. If Pi Network price does the same, it means that it will get to almost $4. And since Pi coin will likely have more gains than Bitcoin, meaning that a jump to $5 is a possibility. In the long-term, there is a likelihood that Pi coin price will hit $100.
