The week of May 4–10, 2026 delivered a broad-based crypto recovery, with the total stablecoin market cap expanding by $2.02 billion — a signal that fresh capital is actively entering the ecosystem rather than sitting on the sidelines. DEX spot volumes jumped 22.4% and perpetuals volumes surged 25.62%, suggesting traders are re-engaging across both directional and hedged positions.
Institutional accumulation continued without pause. Seven companies added a combined 974 BTC (+$78.44M) to their treasuries last week. Tom Lee's Bitmine made the boldest single move, purchasing 26,659 ETH ($61.88M), while Michael Saylor's Strategy added another 535 BTC at $80,340 per coin ($43M). The consistency of corporate BTC and ETH treasury buying across multiple firms reinforces the structural demand thesis.
The week's most striking on-chain event was a 577,896 ETH deposit — worth approximately $1.35…
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