Toncoin Surges Nearly 20% as Bitcoin Holds $81K; US Labor Data Ahead

I. Crypto Market Overview

Key Takeaways

Macro Environment

The Federal Reserve faces rising inflation risks from oil and supply chain pressures, possibly delaying rate cuts. The ECB's stable wage growth supports expectations for eurozone monetary easing, which could boost regional crypto flows. South Korea's quantum-safe stablecoin pilot signals growing institutional trust in blockchain-based settlement.

Crypto Market

The crypto market showed mixed performance over the past 12 hours. Bitcoin (BTC) trades at $81,041, down 0.32%, while Ethereum (ETH) is at $2,324, down 2.04%, with ETH underperforming BTC. Toncoin (TON) surged 19.95% to $2.47, Zcash (ZEC) rose 5.91% to $549.97, and SKYAI (SKYAI) fell 1.60% to $0.76. TON's rally is driven by Telegram ecosystem growth, while ZEC benefits from renewed privacy coin interest.

Today's Outlook

On May 7, the US will release Q1 Unit Labour Costs and Nonfarm Productivity preliminary data, key for inflation and economic outlook. These macro indicators may influence crypto market volatility and investor sentiment throughout the day.

Fear and Greed Index

32.00% Annual Percentile

50 Neutral

Total Crypto Market Cap

$2.69T

0.29%

Total Market Trading Volume

$151.63B

3.58%

Altcoin Season Index

90.91%

Quarterly Percentile

42 / 100

Total Futures Market Open Interest

3.72B

1.66%

Futures

460.98B

3.41%

Perpetuals

II. Industry Updates

Macro-economic Policies

Federal Reserve officials warn that surging oil prices and supply chain pressures are increasing U.S. inflation risks, potentially requiring higher interest rates and limiting the scope for rate cuts. This environment supports a stronger USD and could dampen risk appetite in crypto markets.

The European Central Bank's wage tracker indicates stable wage growth at 2.6% by end-2026, supporting market expectations for a 50+ basis point rate cut in April 2026. Easing eurozone monetary policy may boost euro liquidity and support DeFi and crypto asset flows in the region.

Bangladesh's April inflation rose to 9.04%, driven by higher transportation and fuel costs linked to Gulf turmoil. Persistent inflation erodes purchasing power, which may reduce local demand for CRYPTO assets as a hedge against fiat devaluation.

The U.S. intercepted an Iranian oil tanker in the Gulf of Oman, enforcing sanctions and maintaining a blockade on Iranian ports. Continued geopolitical tensions and energy supply disruptions are fueling global inflation, increasing volatility in both traditional and crypto markets.

South Korea launched a quantum-safe KRW stablecoin pilot, integrating quantum-resilient cryptography into its financial infrastructure. This innovation may enhance trust in digital assets and drive institutional adoption of blockchain-based settlement solutions.

Cryptocurrency Regulatory Trends

The White House is pushing for the CLARITY Act to pass by July 4, aiming to provide clear regulatory guidelines for the US crypto industry, which could boost institutional confidence and market stability.

Circle has urged the OCC to finalize GENIUS Act rules for payment stablecoins, supporting a national licensing regime that would ensure robust risk controls and uniform standards, potentially increasing trust in US dollar-backed digital assets.

South Korea has launched a quantum-safe KRW stablecoin pilot with BTQ Technologies, embedding quantum-resilient cryptography into regulated stablecoins, signaling a trend toward advanced compliance and security in digital asset infrastructure.

Nasdaq's president praised the SEC's evolving crypto regulation, noting a shift toward encouraging blockchain innovation and tokenized assets, which may accelerate institutional adoption and interoperability in financial markets.

Germany's finance minister is considering tax reforms for crypto assets, potentially ending the tax exemption for long-term holdings and aligning crypto taxation with stocks, which could impact investor strategies and market behavior.

Zcash (ZEC): Zcash surged 31% in 24h to $566, with trading volume up 123% to $1.83B, driven by renewed privacy coin interest and bullish technical momentum.

Toncoin (TON): Toncoin jumped 29% in 24h to $2.31, with $1.26B in volume, fueled by ecosystem growth and Telegram integration, ranking #17 by market cap.

SKYAI (SKYAI): SKYAI rose 22% in 24h to $0.79, hitting a $786M market cap and $208M volume, as its multi-chain AI data protocol and MCP marketplace launch attract attention.

Smart Money Movements

Four wallets linked to Paradigm Capital deposited 11,615 ETH, worth approximately $27.29 million, into FalconX within the past three hours, marking a significant institutional movement.

A wallet transferred 100 million $PENGU tokens, valued at $1.08 million, from the deployment address to centralized exchanges, causing the token price to drop by 7%.

CoinShares reported that 63% of surveyed institutions now allocate to crypto for diversification and client demand, with Bitcoin and Ethereum comprising 58% of portfolio responses in May 2026.

A new wallet withdrew 349,999 $HYPE tokens, valued at $15.21 million, from Coinbase and staked the entire amount, indicating a strategic move to earn yield on large holdings.

A transfer of 703 BTC, valued at $57.5 million, was made from an unknown wallet to Coinbase, highlighting ongoing large-scale Bitcoin movements that may impact market liquidity.

Events to Watch

May 6 (Wed)

Over $400M in tokens, about 4% of circulating supply, will be unlocked; Linea contributes ZK Stack tech to Linux Foundation.

May 7 (Thu)

US Q1 Unit Labour Costs and Nonfarm Productivity preliminary data to be released, key for inflation and economic outlook.

May 8 (Fri)

US Non-Farm Payrolls and Unemployment Rate for April will be published, providing critical signals for global markets.

May 10 (Sun)

China will release April CPI data, offering insight into inflation trends in the world’s second-largest economy.

III. Phemex Market Focus

New Listings

May 06: (BLEND/USDT)

Fluent(BLEND) spot trading pair is now live, enabling seamless smart contract interactions across VMs.

May 06: (BILL/USDT)

Billions Network(BILL) spot trading pair is now available, offering unique identity verification solutions.

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