▲ Ethereum gas limit increased 3.3x for Glamsterdam upgrade, boosting scalability ▲…
MARKET WRAP · May 4, 2026, 21:15 UTC
▲ Ethereum gas limit increased 3.3x for Glamsterdam upgrade, boosting scalability ▲ USD/SGD: Two-way trade with sell-on-rally bias – OCBC ▲ Tom Lee Declares Crypto Spring as Bitmine Buys $238M ETH ▲ Indonesia: Stable inf…
Closing Prices
BTC:
$79,924
· ETH:
$2,350
· SOL:
$84.06
· GOLD:
$4,517
· SPY:
$718.01
(-0.1%) · QQQ:
$672.88
(+0.8%) · VIX:
$18.29
(+7.7%) · TLT:
$84.96
(-0.8%) · DXY:
$98.45
(+0.3%) · OIL:
$105.14
(+3.1%)
Evening News
▲ Ethereum gas limit increased 3.3x for Glamsterdam upgrade, boosting scalability ▲ USD/SGD: Two-way trade with sell-on-rally bias – OCBC ▲ Tom Lee Declares Crypto Spring as Bitmine Buys $238M ETH ▲ Indonesia: Stable inflation outlook with oil risks – UOB ▲ If GameStop buys eBay, Bitcoin payments could suddenly have a 135M-buyer marketplace test ▼ K Wave Media (KWM) Stock Plunges 27% After Abandoning Bitcoin for AI Strategy
Scenario Shifts
▲ Late Cycle: Crypto institutional adoption and infrastructure upgrades suggest continued risk appetite ▲ Goldilocks: Stable Asian inflation outlook supports continued moderate growth ▲ Stagflation: Oil risk warnings from Indonesia suggest commodity pressure building ▲ Displacement: Major crypto infrastructure upgrades and corporate adoption accelerating
Regime Check
—
Neutral · Neutral
· OVERHEATING · Gauge: 48.1/100
Upcoming — High Impact
US Federal Funds Benchmark Rate — May 15, 07:00 PM UTC (prev: 3.50% - 3.75%) US Retail sales (MoM)(Apr) — May 14, 12:30 PM UTC (prev: 1.7%) US Producer Price Index (YoY)(Apr) — May 13, 12:30 PM UTC (prev: 4.0%) EU GDP(QoQ) (Revised) (Q1) — May 13, 09:00 AM UTC (prev: 0.1%) EU GDP(YoY) (Revised) (Q1) — May 13, 09:00 AM UTC (prev: 0.8%) US Core Consumer Price Index (Unseasonally Adjusted) (YoY)(Apr) — May 12, 12:30 PM UTC (prev: 2.6%)
Contrarian
• Ethereum's gas limit increase might create new centralization risks that the market is ignoring • The crypto spring narrative could be premature given regulatory uncertainties still unresolved agentcanary.ai | Not financial advice