TreasureDAO will shut down its ZKsync-based Treasure Chain on May 30, nearly five months after announcing urgent cost-cutting measures and securing temporary emergency powers. TreasureDAO is pulling the plug on Treasure Chain, its own network built on ZKsync&#8217;s layer-2 scaling…

Gaming ecosystem Treasure Chain shuts down mainnet nearly five months after its launch

Shardeum has unveiled its mainnet after a testnet phase that attracted more 
than 1.4 million participants from across the globe, setting a new record for 
Layer 1 testnet validator nodes. According to the official press release sent 
to crypto.news, the…

Shardeum mainnet goes live after record-breaking validator testnet participation

**Key takeaways:**
 * Bitcoin&#8217;s Coinbase premium index turned negative for the first time in 15 days, indicating defensive short-term sentiment among US investors.
 * Bitcoin CME futures gaps between support at $92,000-$92,500 and resistance at $96,400-$97,400 suggest a period of range-bound trading. 
Bitcoin&#8217;s Coinbase premium index, which measures the gap between BTC price at 
Coinbase Pro and Binance exchange, turned negative after a 15-day positive 
stint, signaling potential bearish sentiment among US investors.
This drop coincides with Bitcoin (BTC) slipping below $94,000, and the 
premium&#8217;s decline suggests reduced buying pressure on Coinbase, which is 
viewed as a proxy for both institutional and retail demand.
_Bitcoin Coinbase premium. Source: CryptoQuant_
Cointelegraph reported early signs of selling pressure, with Bitcoin recording 
over $300 million in negative spot cumulative volume delta (CVD) from April 27 
to April 29, indicating sustained sell-side activity.
_**Related: Strategy, Semler bag 2K Bitcoin as price edged toward $100K last 
week**_
This selling pressure persisted over the weekend, contributing to the price 
decline, with anonymous crypto analyst Exitpump noting that Bitfinex whales 
exhibited significant selling pressure compared to Coinbase and Binance.
Additionally, approximately 8,000 BTC in open interest (OI) was removed across 
futures markets, reflecting reduced leverage. However, recent data shows that 
the aggregated futures bid-ask delta is turning positive, suggesting potential 
buying interest in derivatives markets.
_Bitcoin price, aggregated spot CVD, open interest, and bid-ask delta chart. 
Source: CoinGlass_
## Bitcoin has futures gaps in both directions
Bitcoin is at a pivotal juncture, trading around $94,000 between two CME 
futures gaps. The gaps are between $92,000 and $92,500 from two weeks ago and 
$96,400 and $97,400 from the recent weekend. CME gaps often act as magnets for 
price action, with historical trends showing a tendency to fill these gaps in 
a matter of days.
_Bitcoin CME gaps analysis. Source: Cointelegraph/TradingView_
Bitcoin is expected to test at least one gap this week, with a potential drop 
to $92,000 more likely after Bitcoin failed to hold its position above its 
200-day simple moving average (blue line).
Bitcoin has lost its position above the 200-day SMA for the first time since 
April 11, possibly indicating a trend shift in the lower time frame (LTF) 
chart.
However, choppy price action is likely in the short term due to overhead 
resistance at $97,000-$98,000 (CME gap 1) and key support at $93,000, where 
multiple liquidity levels are present.
Crypto trader UB pointed out several key areas of interest to watch for on X, 
saying:
&gt; &#8220;Things are fairly clean in terms of key levels. $95.5k &amp; $91.9k. I&#8217;m 
&gt; personally not interested in a Bitcoin trade unless price is at one of the 
&gt; levels above. A reclaim of $95.5k would be a clear long to $99.1k.&#8221;
_**Related: What will Bitcoin price be if gold hits $5K?**_
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Bitcoin price forms two BTC futures gaps after Coinbase premium flips negative

Ricardo Salinas Pliego, the fifth-largest billionaire in Mexico, has offered 
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estate investments and encouraged considering bitcoin instead. &#8220;Investing in 
REAL ESTATE is a BAD INVESTMENT!!! Don&#8217;t be fooled; real estate is NOT […]

Mexican Billionaire Ricardo Salinas: Investing in Real Estate Is ‘Bullshit,’ Buy Bitcoin Instead

Despite macroeconomic uncertainty, Bitcoin miners are showing confidence in 
further upside, as stable reserves signal their belief in continued market 
growth. Bitcoin (BTC) miners have shown no significant signs of capitulation, 
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Bitcoin miners show no sign of capitulation as structural signals stay positive, Bitfinex says

Unconfirmed reports are circulating online that Jeffy Yu, founder of the 
small-cap crypto project Zerebro, may have taken his own life during a 
livestream on Pump.fun on May 4. The video circulating on X appears to show Yu 
smoking a…