XRP Lawyer Labels Oregon AG’s Coinbase Lawsuit as ‘Dystopian Nonsense’; Here’s Why

Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee to see what experts say about Bitcoin’s (BTC) price amid recovery efforts. The status of Bitcoin as a hedge against inflation and economic uncertainty is progressively becoming questionable, with institutional influence adding to the concerns.

Can Strategy’s $555 Million BTC Purchase Send Bitcoin Past $90,000?

Michael Saylor, the chairman of Strategy (formerly MicroStrategy), revealed the firm’s latest Bitcoin purchase, comprising 6,556 BTC tokens worth approximately $555.8 million. With this, the firm has attained a Bitcoin yield of 12.1% year-to-date (YTD) in 2025.

“MSTR has acquired 6,556 BTC for ~$555.8 million at ~$84,785 per bitcoin and has achieved BTC Yield of 12.1% YTD 2025. As of 4/20/2025, Strategy holds 538,200 BTC acquired for ~$36.47 billion at ~$67,766 per bitcoin,” Saylor shared.

Strategy uses the Bitcoin Yield YTD to measure the BTC holdings per share increase. This model has been a key part of their financial strategy firm since their first Bitcoin purchase in August 2020.

This acquisition aligns with a bullish market sentiment for Bitcoin, which is steadily nearing the $90,000 milestone, as the recent US Crypto News indicated.

Despite a mild recovery in Bitcoin prices this week, up by over 3% in the last 24 hours, it is worth noting that Bitcoin is highly sensitive to economic indicators.

Similarly, the global market is highly sensitive to monetary policies set by major economies, particularly the US. BeInCrypto contacted Paybis founder and CEO Innokenty Isers for insights on the current market outlook, particularly for Bitcoin.

“Given the strong concentration of investors in technology stocks, shifts in trade policies and government interventions that influence key indices like the Nasdaq Composite create ripple effects across financial markets,” Isers told BeInCrypto.

According to the Pybis executive, since the US Presidential inauguration, the outlook of Bitcoin has changed from a trusted hedge against inflation to a more risk-on asset.

“With its relatively higher volatility, risk-averse investors may favor alternative inflation hedges instead of Bitcoin,” he added.

Iners expressed cognizance of the longer stretch of the trade war and the potential inflation that will emerge. Based on this, he noted that capital allocation to Bitcoin as a hedge against economic instability might be reduced.

Strategy’s Stock Premium Narrows as Bitcoin Hype Cools

Meanwhile, Strategy has seen a significant shift in its stock valuation dynamics over the past year. Saylor recently revealed that as of Q1 2025, over 13,000 institutions and 814,000 retail accounts held MSTR directly.

“An estimated 55 million beneficiaries have indirect exposure through ETFs, mutual funds, pensions, and insurance portfolios,” Saylor added.

According to data on Bitcointreasuries.net, the premium investors once paid for exposure to its Bitcoin holdings has notably narrowed.

Specifically, the NAV multiplier, a measure of how much the stock trades above the value of Strategy’s Bitcoin assets, has decreased compared to last year. This indicates that MSTR is now trading closer to the actual value of its Bitcoin reserves.

In 2024, investors were willing to pay a substantial premium for MSTR shares, driven by Bitcoin’s hype and MicroStrategy’s aggressive accumulation strategy.

“I don’t know if buying strategy equity is a good idea for the government. The stock would just pump, and it’s likely trading at a premium over NAV with a higher risk profile. Also, I believe the gov will find it difficult to find institutions that would be willing to sell their BTC in large quantities,” an analyst said recently.

The shrinking NAV multiplier suggests a more cautious market sentiment. Analysts believe this reflects a shift toward valuing MicroStrategy based on its fundamentals rather than speculative Bitcoin enthusiasm.

This suggests a maturing market approach to the company’s unique investment strategy.

Chart of the Day

This chart shows how Strategy’s stock price (blue) moves with Bitcoin price (orange). When Bitcoin goes up, MicroStrategy usually follows, but it swings even more.

However, the NAV multiplier has narrowed compared to last year, meaning MicroStrategy’s stock is now trading closer to the actual value of its Bitcoin holdings.

Last year, investors paid a bigger premium for exposure to MSTR, but that gap has shrunk. This suggests a more cautious sentiment or a shift toward valuing the company based on fundamentals rather than just Bitcoin hype.

Byte-Sized Alpha

• Bitcoin ETFs saw modest $15 million inflows, a shift from the previous $713 million outflows, but the smallest influx of 2025, signaling cautious investor sentiment.
• XRP’s futures market shows a bullish shift with long positions exceeding short bets, signaling potential price increases.
• Accumulation signals from whale activity and consolidation at $0.60 indicate a possible rally for Pi Network, despite concerns about the lack of exchange listings and use cases.
• Solana surpasses Ethereum in staking market cap with $53.15 billion, driven by higher staking yield and 65% of supply staked.
• Bitcoin whales accumulated 53,652 BTC worth $4.7 billion in a month, pushing the price to $87,463, but long-term holder profits hit a two-year low.
• PlanB criticizes Ethereum as centralized and pre-mined, citing PoS, tokenomics, and a flexible supply as key red flags.
• Decentraland’s (MANA) price has surged over 10% in 24 hours, hitting a two-month high of $0.31.

Crypto Equities Pre-Market Overview

The post Strategy’s Bitcoin Yield Climbs Over 12% YTD On $555 Million Acquisition Spree | US Crypto News appeared first on BeInCrypto.

Ethereum (ETH) faces a critical inflection point with two powerful catalysts converging on Wednesday, May 7.

Traders are split on whether the “perfect storm” could spark a breakout or deepen recent price volatility amid mixed macro signals and waning confidence in Ethereum’s narrative.

Ethereum Faces Volatile Crossroads: Pectra Upgrade and FOMC Converge

The long-awaited Ethereum Pectra upgrade is only hours out. It is expected to introduce key enhancements such as EIP-7702 and a 2,048 ETH staking cap, improving Ethereum’s usability and efficiency.

Combined with Fed Chair Jerome Powell’s potentially dovish tone, some believe this week could ignite a powerful rally in ETH and altcoins.

“May 7th Ethereum Pectra upgrade. May 7th FOMC. Micro caps already surging. If the Crypto Lords are on our side, mother of all breakouts could happen—especially on altcoins,” said CryptoSkull on X (Twitter).

Others echoed the sentiment, albeit with caution, cognizant of the volatility of the crypto market.

“FOMC week and ETH Pectra update? Time to keep our eyes peeled. Bullish vibes are great, but let us not forget the market’s mood swings. Feds might just throw us a curveball,” another user warned.

Meanwhile, another cohort sees the collision between Pectra Upgrade and the FOMC meeting as a high-stakes convergence. Specifically, the convergence of the two events will likely trigger a reaction in the Ethereum price.

Ethereum Community Borders Along Hope, Hype, and Hard Lessons

Still, not all see the Pectra upgrade as an immediate price catalyst. Maria Magenes, VP of Strategy at Hype Partners and former Balancer and MakerDAO marketing lead, tempered expectations.

“Even if I’ve joked about my hope for a price bump, that’s not the real point of why this is exciting… Network upgrades don’t imply price bumps… These aren’t cosmetic changes…They ensure Ethereum remains the most composable, decentralized, and reliable network in the ecosystem,” she explained.

Meanwhile, others shared a nuanced take, calling Pectra a legit volatility trigger. Beyond the technical upgrade, however, Ethereum is also contending with a broader narrative crisis.

Once the undisputed leader in smart contract platforms, the network faces renewed scrutiny over fees, decentralization trade-offs, and developers’ exits to ecosystems like Solana.

Still, some traders remain bullish. As BeInCrypto noted, Ethereum traders are eyeing a breakout, with price patterns suggesting pressure is building.

Nevertheless, the May 7 FOMC decision adds significant uncertainty. While most analysts expect the Fed to hold rates steady, traders remain wary of Powell’s tone. A hawkish stance could derail risk-on momentum.

“We’re still seeing the risk-off mentality going into the Fed meeting…Bitcoin build-up is good…expecting ETH to turn upwards after Wednesday,” analyst Michaël van de Poppe wrote.

May 7 could shape Ethereum’s near-term fate, with the second-largest crypto by market capitalization metrics caught between protocol progress and macro peril.

On Wednesday, whether Pectra powers a rally or is drowned out by macroeconomic headwinds will be determined.

The post Pectra Upgrade and FOMC Decision: All About Ethereum’s Big Day Ahead appeared first on BeInCrypto.