[News Brief] May 11, morning | Bitcoin Tops $82,000 on OKX

Bitcoin has surpassed $82,000 on OKX.

According to Odaily, citing OKX market data, Bitcoin traded at $82,071 per coin, up 0.81% from the previous day.

According to CoinShares’ weekly report, digital asset investment products saw net inflows of $857.9 million last week, marking a sixth straight week of inflows.

Total assets under management were reported at $160 billion. CoinShares said the progress of discussions surrounding the CLARITY bill on stablecoin yield, along with Bitcoin’s move above $80,000 on Monday, contributed to the inflows.

By asset, Bitcoin products attracted $706.1 million, bringing year-to-date cumulative net inflows to $4.9 billion. In contrast, short-Bitcoin products saw outflows of $14.4 million, the largest weekly outflow of the year so far.

Ethereum saw inflows of $77.1 million, Solana $47.6 million, and XRP $39.6 million. By region, the United States led with $776.6 million, followed by Germany with $50.6 million, Switzerland with $21.1 million, and the Netherlands with $5 million.

According to Odaily, Bitfinex Alpha said Bitcoin broke through the $78,000-$79,000 supply zone in May and at one point approached $83,000.

The report said the rally was driven more by spot demand than leveraged flows, noting that spot CVD has risen clearly since May 8, showing that buying pressure is absorbing market supply.

ETF inflows and open-market buying were cited as the main drivers. Long-term holders’ Bitcoin holdings increased by nearly 4 million BTC, marking the largest rise since the COVID-19 crash in 2020.

The report added that despite macro uncertainty, institutional capital continues to enter the crypto market, while markets are pricing in about a 94% probability that the Federal Reserve will hold rates steady in June.

According to Odaily, Ethereum treasury firm BitMine Immersion Technologies said its Ethereum holdings increased to about 5,206,790 ETH.

The company’s holdings include 5,206,790 ETH, 201 BTC, an $88 million stake in Aethco Holdings, and a $200 million stake in Beast Industries. Of its Ethereum holdings, 4,712,917 ETH are staked, worth about $11.1 billion at an ETH price of $2,336.

According to Odaily, BNY Mellon is pursuing a regulated institutional-grade digital asset custody service in Abu Dhabi Global Market (ADGM).

The initial service will support custody for Bitcoin and Ethereum, with plans to later expand to stablecoins, tokenized real-world assets (RWAs), and other regulated digital financial products.

BNY Mellon said it aims to help develop Abu Dhabi into a global digital finance hub and provide institutional clients with secure and scalable custody infrastructure. The project is subject to final agreements and regulatory approval.

The Morgan Stanley Bitcoin Trust (MSBT) recorded cumulative net inflows of $193.6 million in its first month after listing, without a single day of net outflows.

According to Odaily, citing SoSoValue data, MSBT recorded net assets of $239.6 million from its April 8 listing through May 7. Even as the broader U.S. spot Bitcoin ETF market experienced repeated large net outflows, the fund maintained a streak of 17 trading days with either net inflows or zero net flows.

The fund charges a management fee of 0.14%, among the lowest for U.S. spot Bitcoin ETFs. Amy Oldenburg, Morgan Stanley’s head of digital assets, said initial capital mainly came from clients’ voluntary purchases, while the advisory channel has not yet been fully activated.

Galaxy Digital said seven Democratic senators on the U.S. Senate Banking Committee could be key swing votes in advancing the CLARITY bill, a digital asset market structure bill.

According to PANews, the bill is set for committee review on Thursday, and if it secures majority support, it will advance to a full Senate vote. At least 60 votes will be needed to pass in the Senate.

Galaxy classified Ruben Gallego and Angela Alsobrooks as supporters of the bill’s framework, while Mark Warner, Catherine Cortez Masto, Andy Kim, and Raphael Warnock were categorized as conditional supporters. Lisa Blunt Rochester was identified as a potential deciding vote.

The CLARITY bill was originally introduced in July 2025, but its progress stalled in January this year after Coinbase withdrew its support.

Odaily reported, citing on-chain analyst Ai Yi Mo, that a whale withdrew a total of 7,240 ETH from Bybit and OKX over the past 20 minutes.

The withdrawal was worth about $16.87 million, with an average withdrawal price of $2,330. The whale was also reported to have deposited the same amount of USDT to exchanges about an hour earlier.

Odaily reported, citing Onchain Lens, that a whale deposited 20,000 ETH into the Everstake pool.

The deposit was worth $46.62 million. Large-scale staking can be viewed as a factor reducing circulating supply, though the price impact may be limited since it reflects a single on-chain transaction.

Circle minted about 2.5 billion USDC on the Solana chain last week.

PANews reported this on the 11th, citing SolanaFloor data. The increase in USDC issuance is seen as a sign of expanding stablecoin liquidity within the Solana ecosystem.