hodler

7 May 2026, 15:17

Bitcoin slips toward $80K as strong jobless claims dent rate-cut hopes

Bitcoin (BTC) has fallen towards $80,000 after lower-than-expected US jobless claims reinforced expectations that the Federal Reserve may keep interest rates elevated for longer. According to the US Department of Labor, initial jobless claims for the week ending May 2 came in at 200,000, below the 205,000 forecast tracked by economists . The figure also followed last week’s revised reading of 190,000. Markets interpreted the latest print as another sign that layoffs remain limited despite tighter financial conditions and ongoing pressure across several sectors of the economy. Bitcoin briefly recovered above $81,500 earlier today after dropping from a four-month high near $82,750 earlier in the week, with improving geopolitical sentiment helping stabilise risk appetite. Trading activity strengthened after reports emerged that Iran was reviewing a US ceasefire proposal tied to reopening trade routes through the Strait of Hormuz, easing concerns around oil supply disruptions that had weighed on global markets. Reports surrounding the proposed framework suggested the deal included terms linked to maritime access and a ceasefire arrangement, although discussions around Iran’s nuclear program were reportedly left for later talks. US President Donald Trump later stated that no final agreement had been reached and warned that military operations could intensify if Tehran rejected the proposal. Strong labor data tempers rate cut hopes Stronger labor readings have repeatedly reduced expectations for near-term Federal Reserve easing, pushing Treasury yields higher and creating pressure on speculative assets such as Bitcoin. A similar reaction was seen in February after a stronger-than-expected US nonfarm payrolls report triggered a crypto market pullback that sent Bitcoin below $67,000. Fresh claims data added to that narrative. In mid-April, initial claims came in at 207,000 against expectations of 213,000, after which Bitcoin fell from roughly $75,000 to around $74,600 immediately following the release before stabilizing later in the session. Analysts at the time linked the decline to concerns that a resilient labor market could delay Federal Reserve rate cuts. Current market pricing suggests investors remain focused on whether inflation data can soften enough to offset labor market resilience. Bitcoin could face a period of sideways consolidation as traders weigh these conflicting macroeconomic and geopolitical signals. While the easing of tensions in the Middle East provides a necessary floor for risk-on sentiment, the reality of higher-for-longer interest rates serves as a persistent ceiling for price appreciation. Market participants are now largely looking toward the upcoming Consumer Price Index (CPI) report to determine if inflation is cooling enough to justify a policy shift, regardless of the labor market's strength. Bitcoin could see further volatility if the diplomatic window regarding the Iran ceasefire closes without a formal agreement. A breakdown in talks would likely send oil prices rebounding and drive investors back into the safety of the US Dollar, potentially pushing the digital asset toward its next major support level near $78,000. On the other hand, a confirmed deal to reopen the Strait of Hormuz could provide the bullish momentum needed for Bitcoin to retest its recent highs, as the removal of a major global supply chain risk traditionally favors speculative growth. At press time, Bitcoin price was down roughly 2% in the past 24 hours, trading at $80,226. The post Bitcoin slips toward $80K as strong jobless claims dent rate-cut hopes appeared first on Invezz

7 May 2026, 14:48

Gnosis DAO treasury vote sparks Aave-style governance drama

A governance proposal allowing GNO token holders to redeem their pro rata share of the Gnosis DAO treasury that went live on May 5, 2026, has led to a public dispute over how well the DAO’s leadership has delivered adequate returns on the project’s original 2017 fundraise. The proposal was shared on-chain by community member Wismerhill, who is asking GNO holders to vote in favor of direct treasury access. According to Wismerhill , the push is a response to concerns about Gnosis Ltd, the operating company led by the project’s original co-founders and funded by the DAO. Why are Gnosis community members feuding? In a post that was also a clap back to people who, according to him, call Gnosis communist or bad business, co-founder Lukas Schor, stated that the DAO raised $12.5 million in its 2017 ICO and now holds over $200 million in assets “without any fundraise in between,” while also “building a ton of value for the industry.” Data from DeFiLlama corroborates that fundraise figure of $12.5 million and lists the current total value locked on the Gnosis chain at roughly $83.5 million. Critics will point to the downward trending TVL in their argument. Source: DeFiLlama. Community member chud[.]eth did not buy into Schor’s submission, stating that people calling Gnosis “value creators, good business, etc.” are completely ignorant to the fact that Gnosis took in 250,000 ETH in 2017 and now holds less than 85,000 ETH in assets “without any significant ops rev in between.” He also added that the DAO spent heavily on salaries during the same period. Zeller enters Gnosis debate after Aave fallout Marc Zeller, founder of the Aave Chan Initiative (ACI) and a prominent figure in Aave’s own recent governance crisis, weighed in on the Gnosis numbers. Responding to Schor’s dollar-denominated defense, Zeller wrote that measuring in ETH (the asset actually raised) would show holders “massively outperformed by a teenager solely focused on wanking in his mom’s basement during the same period.” Earlier this year, Cryptopolitan reported that Zeller’s ACI and Aave Labs disagreed over the protocol funding, governance power, and the legitimacy of a narrow 52.58% vote on the “Aave Will Win” proposal. Zeller challenged that vote’s outcome, alleging that addresses linked to Aave Labs had swayed the result. The latest Gnosis drama is not so far off from the events that occurred between Zeller’s ACI and Stani Kulechov’s Aave Labs: A well-funded DAO. A disputed record of returns. Token holders are questioning whether insiders control outcomes. ‘RFV Raiders’ comparison draws mixed reactions DeFi analyst Ignas stated that RFV Raiders are back, adding that “Gnosis DAO is the new target.” RFV Raiders is a term for activists who target DAOs trading below their treasury’s redeemable fair value. He pointed to precedents from 2023, when similar campaigns led to the wind-down of Rook (which returned roughly 5x to raiders), the dissolution of Tribe (Fei Protocol), and a contested push against Aragon’s treasury. Ethereum Foundation DeFi coordinator Ivangbi offered a measured take while acknowledging that he had no skin in the Gnosis game. He stated that he found the discussion notable given that Gnosis is “one of the oldest, successful, product-shipping and richest” DAOs in the space.” Ivangbi wrote that “If GNO isn’t officially advertized as having assets backing (RFV) or having a bottom price line protected by the assets – then moral claims to treasury can’t be assumed.” Gnosis has until May 12 to decide The vote is live until May 12. If it passes, GNO holders would gain a mechanism to claim a share of the DAO’s treasury. This could pressure Gnosis Ltd to justify ongoing expenditures or face a slow bleed of capital. The Gnosis vote is live until May 12. Source: Gnosis. If it fails, the debate over ETH-denominated returns and allegations of insider spending will be very unlikely to go away. Gnosis Ltd and the DAO’s core contributors have not published a formal response to the redemption proposal as of May 7, 2026. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

7 May 2026, 14:20

GBP/USD Under Pressure as Election Risks Mount, Warns Societe Generale

BitcoinWorld GBP/USD Under Pressure as Election Risks Mount, Warns Societe Generale The British pound is facing renewed headwinds against the US dollar as political uncertainty surrounding the upcoming general election continues to weigh on investor sentiment, according to a note from Societe Generale. The French bank’s analysis highlights that the currency pair, already sensitive to diverging monetary policies between the Bank of England and the Federal Reserve, is now grappling with an additional layer of risk premium tied to domestic political developments. Societe Generale’s Assessment of Political Risk Strategists at Societe Generale have pointed out that the election cycle is introducing a measurable degree of uncertainty into sterling valuations. While the exact timeline and potential outcomes remain fluid, the mere prospect of policy shifts — particularly around fiscal spending, trade agreements, and regulatory frameworks — is prompting some investors to adopt a more cautious stance on the pound. The bank notes that this political risk premium is likely to persist until clearer policy direction emerges from the campaign trail. Historically, periods of heightened political uncertainty in the UK have correlated with increased volatility in GBP/USD. The 2016 Brexit referendum and the 2019 general election both saw significant swings in the currency pair. Societe Generale’s current analysis suggests a similar pattern may be forming, albeit with less dramatic amplitude than those landmark events. Broader Market Context and Dollar Strength The pound’s weakness is not occurring in isolation. The US dollar has been broadly supported by a resilient American economy and a Federal Reserve that remains cautious about cutting interest rates too quickly. This creates a challenging environment for GBP/USD, as the interest rate differential continues to favor the dollar. Societe Generale’s report implies that even without the election factor, the pair would face structural headwinds. What This Means for Traders and Investors For market participants, the key takeaway is that GBP/USD is now a play on two distinct variables: the relative pace of central bank policy and the outcome of UK political events. Traders should monitor opinion polls, campaign announcements, and any debates that could shift the electoral landscape. The risk is that a prolonged period of uncertainty could lead to a sustained drag on the pound, especially if the election results in a hung parliament or a coalition government perceived as unstable. Societe Generale’s analysis serves as a reminder that currency markets do not operate in a vacuum. Political risk, while often harder to quantify than economic data, can be a powerful driver of short-to-medium-term moves. Investors holding sterling-denominated assets or engaging in forex trading should factor this into their risk management strategies. Conclusion The warning from Societe Generale adds a credible, institutionally-backed voice to the growing chorus of analysts flagging election-related risks for the British pound. While the fundamental outlook for GBP/USD remains tied to interest rate differentials, the political dimension introduces an unpredictable variable that could amplify downside moves. For now, the market appears to be pricing in a modest risk premium, but this could expand rapidly depending on how the election campaign unfolds. Traders would be wise to stay informed and remain flexible in their positioning. FAQs Q1: Why does an election affect the value of the pound? Elections introduce uncertainty about future government policy, including fiscal spending, taxation, trade deals, and regulation. Investors dislike uncertainty, so they may reduce exposure to the currency until the outcome is clearer, leading to depreciation. Q2: Is Societe Generale predicting a specific GBP/USD target? The bank’s note focuses on the qualitative risk posed by the election rather than a specific price target. The emphasis is on the added uncertainty premium rather than a directional forecast. Q3: How long could the election risk weigh on sterling? The risk premium is likely to persist from the announcement of the election through to the formation of a new government. If the result is clear and market-friendly, the premium could dissipate quickly. A contested or inconclusive result could extend the period of weakness. This post GBP/USD Under Pressure as Election Risks Mount, Warns Societe Generale first appeared on BitcoinWorld .

7 May 2026, 13:38

Bitcoin holds above $81,000 as oil falls to $96

🚨 BTC remains above $81,000 as oil dips to $96. Investors welcome progress towards a U.S.-Iran deal. 🗝️ Critical data: Positive US jobless figures and central bank speeches are shaping trader sentiment in $BTC today. Continue Reading: Bitcoin holds above $81,000 as oil falls to $96 The post Bitcoin holds above $81,000 as oil falls to $96 appeared first on COINTURK NEWS .

7 May 2026, 13:30

Strategy Selling Bitcoin ‘Isn’t A Bad Thing,’ Samson Mow Says

Samson Mow has pushed back against the idea that Strategy selling Bitcoin would necessarily undermine its treasury thesis , arguing that Bitcoin treasury companies need flexibility to protect shareholders and manage public-market pressure. In a May 7 post on X, Mow said the debate around corporate Bitcoin treasuries has become too rigid. While many Bitcoin holders treat selling as a last resort, he argued that companies operating in public markets face a different set of constraints than individual investors. “Strategy selling Bitcoin isn’t a bad thing,” Mow wrote. “There are differing schools of thought on this topic, but I actually think Bitcoin Treasury Companies should sell Bitcoin when it is warranted. The goal shouldn’t be to never sell Bitcoin, but to benefit and protect shareholders.” Why Strategy’s Bitcoin Selling Isn’t Bad Mow’s argument centers on optionality. In his view, a Bitcoin treasury company that publicly rules out selling under all circumstances gives investors, short sellers and arbitrageurs a clearer playbook. A company that can sell, hedge, issue, buy back stock or accumulate more Bitcoin is harder to position against. “Never selling limits optionality,” Mow said. “Public markets are war. In war, you need all available tools at your disposal.” He framed the issue not as a rejection of Bitcoin accumulation, but as a question of corporate strategy. Strategy, led by Michael Saylor, has become the most closely watched public-market Bitcoin vehicle, and any discussion of possible Bitcoin sales carries weight because of the company’s role as a proxy for institutional BTC exposure. Mow argued that the more tools Strategy keeps available, the fewer angles adversaries have. A company that vows to “only ever do one thing,” he said, effectively hands a map to those trying to trade against it. By contrast, removing self-imposed limits makes the corporate treasury more difficult to game. He also pointed to Adam Back ’s BSTR structure as an example of a more explicit framework. According to Mow, BSTR told investors that if shares trade below mNAV, selling Bitcoin to buy back stock is on the table. The implication is that Bitcoin sales can be part of a shareholder-protection mechanism rather than a retreat from the underlying thesis. Mow connected the point to his own prior work on Bitcoin bonds. He said the instruments he designed included scheduled BTC sales after a five-year lockup, allowing issuers to return capital and share appreciation with bondholders. “Even the Bitcoin Bonds I designed had scheduled BTC sales baked into the design,” Mow wrote. “After a five-year lockup, the issuer begins selling Bitcoin to return capital and share appreciation with bondholders. Without that mechanism, the instrument could not function.” For Mow, the key distinction is between gross sales and net accumulation. He argued that a structure can sell Bitcoin at certain points and still leave the issuer with more BTC over time. He applied the same logic to Strategy, saying scheduled or conditional sales would not necessarily contradict its broader accumulation strategy. Mow also cited Saylor’s own recent language as evidence that the market should not be surprised by the possibility. In April, Saylor wrote that Strategy’s “BTC Breakeven ARR” was around 2.05%, adding that if Bitcoin grows faster than that over time, the company could cover dividends indefinitely without issuing new MSTR shares. “This implies that Bitcoin can cover dividends, which means selling Bitcoin to cover dividends,” Mow said.That is the more sensitive part of the debate. For many Bitcoin holders, “you do not sell your Bitcoin” has become a central rule of the asset’s culture. Mow did not reject that idea outright, but he narrowed its scope. “As an individual HODLer you shouldn’t sell your Bitcoin for no reason. Avoid selling if you can. That is the message. It is not literally ‘never sell and take it to the grave.’ You should of course sell it, use it, for important things in your life.” His conclusion was that Bitcoin treasury companies require a different operating doctrine. “Never sell,” in Mow’s framing, is a rule of thumb, not a binding corporate covenant. For Strategy and similar vehicles, the ability to sell Bitcoin when needed may be part of the mechanism that keeps the structure durable rather than a sign that the thesis has failed. At press time, BTC traded at 81,469.

7 May 2026, 12:50

Gold Holds Near Two-Week Highs as US-Iran Deal Optimism Weighs on Dollar

BitcoinWorld Gold Holds Near Two-Week Highs as US-Iran Deal Optimism Weighs on Dollar Gold prices remained elevated near two-week highs during Asian trading on Wednesday, as growing optimism over a potential nuclear deal between the United States and Iran weighed on the US Dollar and bolstered demand for the safe-haven metal. Spot gold hovered around the $2,730 per ounce mark, reflecting a cautious but positive sentiment in precious metals markets. Dollar Weakness Drives Gold Appeal The primary catalyst for gold’s recent strength has been a noticeable softening in the US Dollar Index (DXY), which fell to a two-week low as traders priced in the possibility of a thaw in US-Iran relations. A weaker dollar makes gold cheaper for holders of other currencies, increasing its appeal as an alternative store of value. Market participants are closely watching diplomatic signals, with reports suggesting that indirect talks between Washington and Tehran have made progress on key issues, including uranium enrichment levels and sanctions relief. This development comes at a time when the Federal Reserve’s monetary policy outlook remains uncertain. While the Fed has signaled a cautious approach to rate cuts, the dollar’s recent decline suggests that markets are increasingly betting on a more accommodative stance later this year, further supporting non-yielding assets like gold. Geopolitical Risk Premium Reassessed Historically, gold has benefited from geopolitical tensions, but the current dynamic is more nuanced. The prospect of a US-Iran deal reduces the risk of a broader conflict in the Middle East, which could theoretically reduce gold’s safe-haven premium. However, the immediate market reaction has been a rotation out of the dollar rather than out of gold. Analysts suggest that a successful deal could lead to increased global trade and lower energy prices, which in turn would reduce inflationary pressures and potentially allow central banks to ease policy faster—both positive factors for gold. “The market is interpreting a potential US-Iran deal as a net positive for risk assets, but the mechanism is through a weaker dollar, which directly supports gold,” said a senior commodities strategist at a European bank. “We are also seeing continued central bank buying, which provides a structural floor under prices.” Technical Levels and Market Outlook From a technical perspective, gold has broken above its 50-day moving average, a bullish signal that has attracted momentum-driven buying. The next resistance level is seen near $2,750, with a potential move toward the $2,800 psychological barrier if dollar weakness persists. On the downside, support is firmly established at $2,680, a level that has held during recent pullbacks. Market participants are also watching the upcoming US Consumer Price Index (CPI) data, which could influence both the dollar and gold prices. A softer inflation print would reinforce expectations of Fed rate cuts, providing additional tailwinds for gold. Conversely, a hotter-than-expected reading could temporarily strengthen the dollar and cap gold’s upside. Conclusion Gold’s resilience near two-week highs reflects a complex interplay of geopolitical optimism and macroeconomic forces. While a US-Iran deal could reduce certain geopolitical risks, its immediate impact on the dollar has created a favorable environment for the yellow metal. Investors should monitor diplomatic developments and upcoming economic data for further direction. For now, gold remains well-supported, with a bullish bias as long as the dollar remains under pressure. FAQs Q1: Why is the US-Iran deal affecting gold prices? Progress in US-Iran nuclear talks has weakened the US Dollar as traders anticipate reduced geopolitical tensions and potential changes in global oil supply. A weaker dollar makes gold cheaper for international buyers, boosting its price. Q2: Is gold a good investment during geopolitical uncertainty? Gold is traditionally viewed as a safe-haven asset during geopolitical turmoil. However, in this case, the market is reacting to the potential resolution of tensions, which is weakening the dollar and indirectly supporting gold. Q3: What are the key levels to watch for gold prices? Key resistance is at $2,750 and then $2,800 per ounce. Strong support lies at $2,680. A break above $2,750 could signal further upside momentum, while a drop below $2,680 might indicate a short-term correction. This post Gold Holds Near Two-Week Highs as US-Iran Deal Optimism Weighs on Dollar first appeared on BitcoinWorld .