Maelstrom, an investment firm backed by Arthur Hayes, set a $5 price target for Worldcoin\'s WLD token, calling it a proxy asset for investment in AI industry growth as expectations rise for IPOs by major AI companies such as OpenAI and Anthropic. It said AI-related stock gains have not been fully reflected in WLD. The firm cited possible additional buying by Aitco and a planned 43% cut in daily token circulation from July 24.

CryptoQuant said bitcoin risks turning lower after touching its 200-day moving average, a level that acted as strong resistance in past bear markets. It cited a move to the key resistance zone and expanding profit-taking as grounds for a possible short-term decline. Traders’ unrealised profit reached 17.7 percent on May 5, the highest since June last year, and realised gains jumped, including 14,600 BTC cashed out on May 4 worth about $1.2 billion.