According to the author, the crypto industry's shift away from cypherpunk values through political activities, such as Coinbase sponsoring events and Ripple's lobbying efforts, increases regulatory risks that could heighten market volatility and impact prices for assets like BTC and XRP. The author stated that these actions, including examples like Coinbase's alignment with political figures, betray crypto's foundational principles and may lead to greater scrutiny, affecting trading conditions.

According to Farside Investors, Invesco's Bitcoin ETF recorded a daily net flow of US$0 million on April 30, 2025, indicating no new capital movement for the period. This stagnation in fund flows may signal reduced investor interest or a wait-and-see approach among traders, impacting short-term liquidity and potential price volatility in Bitcoin ETF markets. Source: Farside Investors.