Market Update - Monday, May 4

* Despite a significant $100M liquidation event, Bitcoin (BTC) remains stable at $78K, while altcoins largely remain stagnant.
* The United States responds to Iran's 14-point proposal, but both countries remain locked in a deadlock over nuclear issues. Israel increases war preparations.
* Former President Trump announces threats to intercept ships from neutral countries passing through the Strait of Hormuz, effective today.
* Reuters reveals that Nobitex, Iran's leading crypto exchange, was founded by the child of a close associate of Supreme Leader Khamenei.
* NYSE proposes enabling the trading of tokenized stocks and ETFs on its platform, with custodial and rights reflecting traditional securities.
* MicroStrategy halts BTC accumulation this week in anticipation of Q1 financial reports. The company currently holds 818,334 BTC, worth approximately $63.8 billion.
* Ethereum Foundation sells an additional 10,000 ETH ($23 million) to BitMine, bringing total sales to 25,000 ETH (~$57 million) in two months.
Upcoming Economic Events (All times estimated UTC+7):
* May 5, 21:00: March JOLTS Job Openings (Estimate: 6.87 million, Previous: 6.88 million)
* May 6, 19:15: April ADP Private Sector Employment (Estimate: 90K, Previous: 62K)
* May 8, 19:30: April Nonfarm Payrolls – Job Gains (Estimate: 60-78K, Previous: 178K), Unemployment Rate (Estimate: 4.3%, Previous: 4.3%)
Upcoming Token Unlocks:
* May 5: Ethena ($ENA) unlocks 171.88 million tokens (2.12% of circulating supply), worth $17.28 million.
* May 5: Opinion ($OPN) unlocks 32.09 million tokens (12.22% of circulating supply), worth $5.44 million.
* May 6: Hyperliquid ($HYPE) unlocks 422K tokens (0.18% of circulating supply), worth $17.36 million.
* May 6: RedStone ($RED) unlocks 40.85 million tokens (12.2% of circulating supply), worth $5.59 million.
* May 8: Space and Time ($SXT) unlocks 387 million tokens (23.2% of circulating supply), worth $5.96 million.