Bitcoin Falls Below $73K on Iran Escalations, Massive ETF Outflows, Hype Down 9%

Crypto majors are red down 3-4%; BTC -3% at $73.3k; ETH -4% at $1,980; SOL -4% at $81; HYPE -9% at $56.80. XLM (+20%), STABLE(+1%), and NIGHT (+1%) led top movers. Oil +2% at $92; Gold -1.5% at $4,380. Stock futures are red with the Nasdaq down 0.5%. SoFi launched SoFiUSD on Wednesday. a dollar-backed stablecoin on Ethereum and Solana, becoming the first US national bank to offer a bank-issued stablecoin directly in a consumer banking app to its 15M members. Block began rolling out USDC stablecoin payments to Cash App's nearly 60 million users on Wednesday, supported on Solana, Ethereum, Polygon, and Arbitrum. Mastercard secured a New York BitLicense on Wednesday, clearing the path for stablecoin and tokenized deposit settlement across its global payments infrastructure. Fold debuted its Bitcoin Rewards Credit Card on Wednesday after securing a $150 million revolving credit facility from Encina Lender Finance. A plaintiff called "Noah Doe" filed a lawsuit in New York Supreme Court on May 1 seeking ownership of 39,069 dormant Bitcoin wallets holding approximately 3.79 million BTC (~$286 billion), after using a proprietary algorithm to identify them as abandoned, physically bringing USB drives to the NYPD's 17th Precinct as "lost property," and spending a year attempting to return the coins to their owners with no response. Powered by https://myriad.markets/markets