
Bitcoin reached a new all-time high approaching $112,000 amid significant market developments. The U.S. Senate made progress on the GENIUS Act for stablecoin regulation, signaling potential regulatory clarity. Former President Trump hosted a controversial dinner for $TRUMP meme coin buyers, while Coinbase achieved a milestone by joining the S&P 500 despite ongoing regulatory scrutiny. Meanwhile, crypto users face new security challenges as reports emerge of sophisticated phishing attacks targeting digital asset holders.
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SWFTGPT Daily is LIVE — Your AI-Powered Market Recap The crypto market is cooling off slightly, with total cap dipping 1.89% to $3.08T and trading volume down 15.6%. Top Takeaways: • BTC holds steady at $95,165, dominating 61.4% of the market • ETH slides 0.81% to $1,814.90
SWFTGPT Daily – May 6, 2025 Today’s Headlines: • BlackRock’s ETF adds 41K+ BTC ($3.92B) • ETH whale moves $2M to Binance after $3M+ in losses • Alex Mashinsky pleads for lighter sentencing • Kenya court orders Worldcoin to delete biometric data • Florida crypto bills
🚀 Ethereum's Fusaka Upgrade Goes Live

**Ethereum's Fusaka upgrade activated** at epoch 411,392, delivering major scalability improvements: - **PeerDAS introduced** - enables 8x higher rollup data throughput - **R1 curve + pre-confirmation mechanism** for better user experience - **Nodes process partial L2 data** - unlocks future gas limit increases - **Removes outdated components** - stronger DoS resistance - **Marks shift to twice-yearly hard forks** for faster evolution **Prediction markets expand** but face scrutiny: - Polymarket re-opens U.S. access for waitlisted users - Fanatics & Crypto.com launching sports prediction markets - Connecticut regulators accuse platforms of unauthorized sports betting **UK grants digital assets legal property status** - one of the most definitive global moves toward crypto legal clarity. **SEC blocks ultra-leveraged ETF launches** - warns 9 issuers to halt 3x-5x exposure plans or withdraw filings. **Solana Mobile reveals SKR tokenomics** for upcoming Seeker smartphone ecosystem with 10B total supply.
🚀 MON Token Goes Live on BRIDGERS Cross-Chain Platform

**MON token is now available on BRIDGERS**, joining the platform's growing ecosystem of cross-chain assets. **Key Features:** - Non-custodial execution through smart contracts - Aggregated liquidity across multiple chains - User-authorized transactions only BRIDGERS continues expanding its token support, having recently added BELG and AIRCOIN. The platform allows users to route assets across chains while maintaining full control of their wallets. **How it works:** - Users authorize transactions - BRIDGERS finds optimal routes - Smart contracts execute securely Access the platform at [dapp.bridgers.xyz](http://dapp.bridgers.xyz)
SEC Chairman Paul Atkins Plans Crypto Innovation Exemptions Within a Month

**SEC Chairman Paul Atkins** announced the agency has sufficient authority to advance crypto regulatory rules and plans to introduce **innovation-exemption provisions** within approximately one month. This development follows previous statements where Atkins indicated the SEC would push forward with innovation exemptions by late 2025 to early 2026. The accelerated timeline suggests **faster regulatory clarity** for the crypto industry. Key implications: - **Clearer regulatory framework** for crypto innovation - Potential to bring crypto innovation back to U.S. markets - **Reduced regulatory uncertainty** for crypto companies The announcement comes as Congress advances related legislation including the GENIUS Act on stablecoins and market structure reforms.
China's Central Bank Clarifies Stablecoin Status: Virtual Currency Under Stricter Supervision

**China's central bank has officially classified stablecoins as virtual currency** - neither banned goods nor legal tender. This regulatory clarification creates a middle ground for digital assets in the world's second-largest economy. **Key developments:** - Stablecoins receive virtual currency designation - Commercial and settlement activities face increased supervision - Market participants must navigate stricter oversight requirements **The regulatory framework establishes clear boundaries** while avoiding an outright ban. Chinese officials emphasized that virtual currencies lack the legal status of fiat money during recent inter-agency meetings. **Market impact appears measured** as participants adjust to the new supervisory environment. The classification provides regulatory clarity while maintaining government control over digital asset activities. This measured approach reflects China's ongoing effort to balance innovation with financial stability concerns.
Cross-Chain Bridge Users Face Delays as Alternative Solutions Emerge

Users continue experiencing delays with cross-chain transfers, prompting recommendations for alternative bridging solutions. **Key Points:** - Repeated messaging suggests ongoing issues with current bridge performance - Bridgers platform positioned as faster alternative at [dapp.bridgers.xyz](http://dapp.bridgers.xyz) - Cross-chain transfer delays remain persistent problem in DeFi space The messaging pattern indicates **systematic delays** affecting users across different dates, highlighting infrastructure challenges in cross-chain operations.