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.
Bitget, the leading cryptocurrency exchange and Web3 company, is excited to officially launch GetAgent, a new AI-powered trading assistant designed to ease users’ interaction and understanding of the crypto market. By combining advanced AI with real-time market data and trading tools, GetAgent is engineered to transform complex decision-making into a simple chat. Built for today’s
SINGAPORE, May 1st, 2025 – LBank(lbank.com), the globally leading cryptocurrency exchange, successfully hosted 1001 Crypto Nights, one of the most anticipated side events during TOKEN2049 Dubai. The beachfront festival drew an excess of 5,000 attendees and 100 million online impressions, thus setting a new benchmark in the governance of Web3 cultural experiences.
This is a wonderful night that has much surrealistic energies from decentralized community activity, all creativity in meme culture, and live entertainment. It was indeed a very vibrant marriage of innovation with the community culture hosted by LBank in association with MemeCore and Shiba Inu, and co-organized by Google Cloud and GAIA. With this co-organizing planned for the people who joined in this initiative event, they were made not to feel separated or isolated. With this celebration, LBank reaffirmed its commitment to the charity of bridging culture with crypto.
Details Here
A stellar lineup of partners propelled the festival, ranging from tech giants AWS, OneCloud, and Akamai to the major blockchain ecosystems Avalanche, Polygon, Kaspa, and Polkadot. The festival was further spiced up by the collaborations of famous meme communities: WIF, BABY DOGE, BRETT, DOG, TURBO, NEIRO, ELON, SUNDOG, and PONKE. All these co-organization brought their own unique energy and cultural creativity.
Some guests wandered into interactive booths and immersive-brand activations surrounding the gleefully transformed Aladdin carnival-themed venue. Anything from fortune-tellers and live sketch artists to glowing body paint stations and the cosplay fantasy photo zones offered magic everywhere you turned. A standout from the evening was the new gamification mechanic known as “Chips System,” where guests were rewarded for completing both online and onsite missions. The night was brought to a beautiful finish by an aerial display of light with 300 flying drones drifting above Dubai’s Palm Jumeirah, painting the skyline with luminous formations, and ensuring that the memories of this program are cherished forever.
“Web3 thrives on openness, imagination, and shared momentum,” said Eric He, LBank’s Community Angel Officer and Risk Control Adviser. “Memecoins and community tokens are more than hype—they’re culture crystallizing on-chain, turning stories and humor into shared value. That’s why LBank is positioning itself as the go-to platform for meme innovation: from fast listings to deep liquidity and global community support, we’re actively building the cultural infrastructure of Web3.”
The spectacular milestone completed yet another chapter in LBank’s fabulous history of curating immersive Web3 experiences all over the world. In April 2024, LBank Labs partnered with Web3 Summit and BlockNews to bring to Dubai the Web3 Summit where the global experts examined the latest intersections of Web3, AI, and FinTech. In September 2024, LBank co-hosted an after-party for the TOKEN2049 event-“Meet Your Meme,” an energetic night where prominent meme coin holders, creators, and builders exchanged cultural ideas. In February 2025, LBank Labs brought to a successful conclusion its side event-“AI in the Skyline”-at Consensus Hong Kong, with an attendance of more than 800 participants. The tremendous success of 1001 Crypto Nights testifies to LBank’s continuous effort in extending and engaging a global Web3 community through high-profile offline events.
As the curtains fall on 1001 Crypto Nights, LBank reinforces its mission to lead not just in exchange services, but in building meaningful cultural connections across Web3. With a growing global footprint, deep market expertise, and a culture-first strategy, LBank remains committed to empowering the next generation of users and reshaping the future of crypto.
About LBank
Founded in 2015, LBank is a leading global cryptocurrency exchange, serving over 15 million registered users in more than 210 countries and regions. With daily turnover exceeding $3 billion, LBank has committed to providing the finest trading experience across the board with user-friendly trading access for more than 800 cryptocurrencies. LBank has also produced average returns of over 130% from newly listed assets through its innovative trading solutions.
An early bird into the Meme Coin market, LBank has listed more than 240 mainstream Meme coins and 40 Meme gems, many of which have gained over 500% profits. As the industry leader in first-time Meme coin listings, LBank has become the go-to platform for Meme coin investors.
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SINGAPORE, May 1st, 2025 – LBank(lbank.com), the globally leading cryptocurrency exchange, successfully hosted 1001 Crypto Nights, one of the most anticipated side events during TOKEN2049 Dubai. The beachfront festival drew an excess of 5,000 attendees and 100 million online impressions, thus setting a new benchmark in the governance of Web3 cultural experiences. This is a …
