Memento Research data shows monthly spending on crypto payment cards reached $600 million, up sixfold year over year, with $7.2 billion in cumulative onchain volume across 24 million transactions and 1.36 million wallet addresses. USDT settled 62.5% of transactions and about 90% were processed via the Visa network.

May 3 — Memento Research data cited by BlockBeats show monthly spending on cryptocurrency debit cards has climbed to $600 million, more than six times the level a year earlier. Total on-chain transaction volume routed through crypto cards has reached $7.2 billion, spanning roughly 24 million transactions and 1.36 million wallet addresses. USDT accounted for about 62.5% of activity, and around $348 million of transactions were processed on the Solana network. Jupiter Global's crypto card segment posted month-on-month growth of more than 660%, with some consumer cashback offers ranging from 4% to 10%. The report added that roughly 90% of crypto card payments are ultimately settled via Visa. Memento Research said stablecoins are increasingly serving as the settlement layer for global consumer payment systems.

Monthly spending via crypto payment cards has increased to $600 million, up sixfold from a year earlier, according to figures from Memento Research shared on X by Tether CEO Paolo Ardoino and cited by ChainCatcher. The dataset shows cumulative onchain volume of $7.2 billion across 24 million transactions, involving 1.36 million wallet addresses. USDT accounted for 62.5% of settlements, underscoring the growing role of stablecoins in consumer payments. Around 90% of transactions were routed through the Visa network. Onchain breakdowns indicate the Solana ecosystem generated about $348 million in transaction volume, while Jupiter Global, part of Jupiter, posted 660% month-over-month growth.

ME News reported that on May 3 (UTC+8), U.S. President Donald Trump said Iran's leadership was divided, complicating efforts to reach an agreement to end a nine-week conflict that has helped spark a global energy crisis. Trump said Iran's demands were "ones I cannot accept," though some traders read the remarks as negotiating posture rather than a dismissal of a peace deal. Markets are now turning to the next wave of U.S. corporate earnings and a busy slate of labor-market indicators. Key events this week include: - Tuesday 00:50: William, permanent FOMC voter and President of the New York Fed, speaks - Tuesday 22:00: U.S. April ISM Non-Manufacturing PMI; U.S. March JOLTS job openings - Wednesday 20:15: U.S. April ADP employment change - Wednesday 21:30: Musalem, 2028 FOMC voter and President of the St. Louis Fed, speaks on the economic outlook and monetary policy - Thursday 01:00: Goolsbee, 2027 FOMC voter and President of the Chicago Fed, joins a panel discussion - Thursday 19:30: U.S. April Challenger job cuts - Friday 02:05: Hamaoki, 2026 FOMC voter and President of the Cleveland Fed, speaks - Friday 03:30: William, permanent FOMC voter and President of the New York Fed, speaks - Friday 22:00: U.S. May initial one-year inflation expectation; U.S. May preliminary University of Michigan consumer sentiment; U.S. March wholesale sales MoM Analysts expect next Friday's April nonfarm payrolls report to show solid job creation of 60,000, faster wage growth, steady unemployment and a higher labor-force participation rate. A Bloomberg survey of economists suggests private-sector hiring could come in even stronger. (Source: PANews)

May 3 — U.S. President Donald Trump said Iran's leadership remains divided, complicating efforts to reach an agreement to end a nine-week conflict that has contributed to a global energy crunch. Trump said Iran's demands were “one I cannot accept,” though some traders viewed the remarks as a negotiating posture rather than a signal that talks are off. Oil prices eased after reports said Tehran was sending a new proposal to Washington through Pakistan. Iranian Foreign Minister Alireza Araghchi said Iran is willing to continue diplomacy with the U.S., while noting its armed forces remain “on high alert.” WTI crude fell nearly 3% on Friday to about $103 a barrel, after gaining roughly 7% over the week. U.S. equities stayed strong, with the S&P 500 extending its record advance on Friday and posting a fifth straight weekly gain, supported by robust earnings from major technology companies. Key U.S. data on the calendar: - Wednesday 20:15: ADP Employment Change (April) - Thursday 19:30: Challenger Job Cuts (April) - Thursday 23:00: New York Fed one-year inflation expectations (April) - Friday 20:30: Unemployment rate (April), nonfarm payrolls (seasonally adjusted), and average hourly earnings (YoY/MoM) - Friday 22:00: Preliminary one-year inflation expectations (May); preliminary University of Michigan Consumer Sentiment Index (May); wholesale sales (March) Next week's spotlight is on U.S. labor-market data, led by Friday's nonfarm payrolls report. Analysts expect April payrolls to rise by 60,000, with wage growth accelerating, unemployment holding steady, and labor-force participation edging higher. A Bloomberg survey of economists suggests private-sector job gains could be stronger.

May 3 (BlockBeats) — A draft OPEC+ statement shows seven member countries have agreed to raise their June crude production targets by about 188,000 barrels per day, extending the group's monthly increases to a third straight month. People familiar with the matter said the plan is intended to signal that OPEC+ is ready to bring more supply to market once the war ends. They added that the group intends to press ahead with the scheduled output increases even after the UAE's withdrawal this week. The seven countries represented at Sunday's meeting were Saudi Arabia, Iraq, Kuwait, Algeria, Kazakhstan, Russia and Oman. The draft said the group will meet again on June 7. Separately, OPEC said last month that average daily crude output from all OPEC+ members in March was 35.06 million barrels, down 7.7 million barrels per day from February, with Iraq and Saudi Arabia posting the largest cuts due to export restrictions. (Jin10)

Tether purchased more than 6 tonnes of gold in the first quarter of 2026, bringing its total gold holdings to over 132 tonnes. The company says it now ranks among the largest gold holders outside banks and governments.

1) Berkshire Hathaway's cash reserves jumped to a record $397 billion. 2) Dragonfly Partner said retail investors have largely exited, while institutions are building a base for Bitcoin's price. 3) U.S. senators reached a compromise on stablecoin yield provisions, a move that could clear hurdles for advancing the Clarity Act. 4) OpenAI's CFO advised postponing an IPO until 2027, citing slower growth and a failure to meet financial criteria. 5) U.S. media reported Iran does not require an end to a Strait of Hormuz blockade before entering direct talks. 6) Donald Trump said renewed airstrikes on Iran remain a possibility. 7) Iranian military officials said they are fully prepared for what they described as U.S. military adventurism. 8) Eric Trump reportedly boosted his personal wealth from about $190 million to $280 million through American Bitcoin. 9) The BSC-based meme coin Panda Head surged, pushing its market capitalization above $7 million. 10) The BIO team address transferred roughly $5.03 million worth of tokens to an exchange. 11) The world's largest container shipping company said it plans to bypass the Strait of Hormuz.

Crypto ETF demand snapped back on May 1, with Bitcoin and Ethereum products posting a combined $731 million in net inflows after a week marked by heavy redemptions. Data from Farside Investors shows Bitcoin ETFs led the rebound, attracting $629.8 million. BlackRock's iShares Bitcoin Trust (IBIT) took in $284.4 million, followed by Fidelity's FBTC with $213.4 million and ARK Invest's ARKB with $88.5 million. The turnaround comes after late-April weakness. Bitcoin ETFs logged net outflows of $137.6 million on April 29 and $23.5 million on April 30, after a larger $263.2 million outflow reported as of April 27. Ethereum ETFs added $101.2 million on May 1, reversing two straight days of withdrawals. Ether ETF products saw redemptions of $87.8 million on April 29 and $23.7 million on April 30. Earlier in the month, Ethereum ETFs also recorded outflows of $75.9 million on April 23 and $50.4 million as of April 27. XRP-focused ETF products are expanding at a slower pace, according to XRP Insights. Total assets under management are estimated at $1.12 billion, with roughly 828.33 million XRP locked, or about 0.8283% of total supply. Weekly net inflow stands at 11.28 million XRP, equivalent to about $15.68 million. Solana ETF products recorded zero flows. On price action, analyst Michaël van de Poppe said Bitcoin could be setting up for a move higher, citing the start-of-month pattern where fresh ETF inflows often coincide with an uptick before a later-month softening. He highlighted resistance at $86,000–$88,000 and around the 50-week moving average near $93,000–$95,000, adding that a move into the latter zone would signal the end of the bear market. Van de Poppe's chart suggests Bitcoin is consolidating above the $71,000–$73,000 support area, a range he views as critical to hold as price approaches overhead resistance.