Organizer: Cora, Techub News
Last week, the issues of risk and regulations regarding cryptocurrency and macro supervision tightened market sentiments. The Hong Kong Monetary Authority specifically stated that tokens such as "HKDAP" and "HSBC" are not licensed stablecoin issuers, reminding investors to be cautious as they might be scams disguised under a "license narrative.” In the United States, Celsius founder Mashinsky reached a settlement with the FTC, permanently banned from asset-related businesses, where a staggering $4.72 billion compensation will mostly be deferred, with $10 million paid, marking a significant regulatory penalty for this iconic CeFi collapse from both criminal and civil perspectives. Meanwhile, Canada intends to stop crypto ATM fraud, South Korea plans to tax virtual assets by 2027, the SEC is docketing XRP under commodity trust swiftly, and regulatory agencies like the CFTC are beginning to systematically introduce AI review and monitoring—cryptographic assets are being more deeply integrated into various financial and law enforcement frameworks worldwide.
Project/Company Updates
Yesterday, U.S. Bitcoin Spot ETF net inflow was $532 million
According to SoSoValue data, the U.S. Bitcoin Spot ETF saw a net inflow of $532 million yesterday (May 4) Eastern Time. Among them, BlackRock's IBIT had a net inflow of $335 million, Fidelity's FBTC had a net inflow of $185 million, and Morgan Stanley's MSBT had a net inflow of $12.16 million. ARK 21Shares ARKB, Invesco BTCO, WisdomTree BTCW, Valkyrie BRRR, Bitwise BITB, Franklin EZBC, VanEck HODL, Grayscale GBTC, Hashdex DEFI, and Grayscale BTC had no net inflow or outflow.
Moscow Exchange to add four cryptocurrency indices including XRP, BNB next week
According to CryptoBriefing, the Moscow Exchange (MOEX) announced it will calculate and publish indices for four digital currencies: Solana, XRP, TRON, and BNB starting May 13. The new indices will run parallel to the existing Bitcoin and Ethereum indices, bringing the total to six, with a long-term goal of ten indices. The exchange stated that all indices will be updated nearly in real-time every 15 seconds starting that day, replacing the current daily release mechanism. The new indices will source data from Binance, Bybit, OKX, and Bitget. Related futures contracts are expected to be launched later in 2026, initially limited to qualified investors, with a new legal framework set to take effect on July 1 of the same year.
Yesterday, U.S. Ethereum Spot ETF net inflow was $61.29 million
According to SoSoValue data, the U.S. Ethereum Spot ETF had a net inflow of $61.29 million yesterday (May 4) Eastern Time. Among them, BlackRock's ETHA had a net inflow of $54.83 million, and Fidelity's FETH had a net inflow of $6.46 million. Grayscale ETHE, Bitwise ETHW, VanEck ETHV, 21Shares TETH, Invesco QETH, Franklin EZET, Grayscale ETH, and BlackRock's ETHB had no net inflow or outflow.
Trump administration considers establishing a pre-release review mechanism for AI models
The Trump administration is considering signing an executive order to create a working group to review the compliance of AI models before release to enhance federal oversight on AI development and address issues of ideological bias. This move marks an upgrade in federal regulation, shifting from challenging state-level regulations to directly influencing AI deployment strategies. Analysts suggest that the new compliance requirements could impact Anthropic's progress in providing the Mythos model to the U.S. government.
Meta announces $13 billion financing for Texas AI data center
According to CryptoBriefing, Meta Platforms announced it secured $13 billion in debt financing backed by JPMorgan and Morgan Stanley to build a new AI data center in Texas. The project is part of a wave of large tech companies' investments in AI infrastructure, where enterprises issued a record-breaking $120 billion in debt in 2025 to support AI-related infrastructure. The shift from internal cash flow to heavy reliance on debt has raised concerns from investors regarding the sustainability and returns of capital-intensive projects.
U.S. Vice President: Estimated 100 million Americans will hold Bitcoin
According to CryptoBriefing, U.S. Vice President JD Vance stated at the Bitcoin 2025 conference that he expects soon there will be 100 million Americans holding Bitcoin, a significant increase from the current approximately 50 million. He called for an end to anti-Bitcoin regulation and supported the stablecoin GENIUS bill. Vance listed Bitcoin as a national economic priority, stating that the U.S. currently holds 40% of the global Bitcoin share, surpassing gold holdings. This statement aligns with the Trump administration's pro-cryptocurrency policy shift, potentially signaling a more favorable regulatory environment.
Strive increased its stake by 444 Bitcoins, total holdings exceed 15,000
According to CoinPost, Nasdaq-listed company Strive submitted an 8-K report to the SEC showing that the company increased its stake by 444 Bitcoins for approximately $33.9 million. Following this increase, Strive's total Bitcoin holdings reached 15,000 Bitcoins, worth about $1.2 billion at current market prices. The company uses Bitcoin as the minimum return benchmark for capital allocation and continues to increase its holdings by issuing preferred stock SATA to raise funds. Currently, its holdings rank ninth among global publicly traded companies. As of May 1, the company maintained $97.9 million in cash and $50.4 million in Strategy preferred stock STRC.
Sui: On-chain options have not achieved scalability due to architectural issues
Sui's official blog stated that the on-chain options market currently has a TVL of only about $100 million, and the fundamental reason for this lack of scalability lies in architectural limitations (liquidity being isolated at the position level), not insufficient demand. DeepBook keeps collateral active and supports multiple products through shared primitives and composability design. Currently, perpetual contract DEX annual trading volume reaches $79 trillion, while the options market should be larger. DeepBook's spot and margin have formed a unified liquidity layer that supports new products like leveraged binary options and range betting. Sui’s 400-millisecond settlement can support instant interactions.
Ripple Custody partners with Kyobo Life to pilot Korean bond settlement
According to crypto.news, Ripple Custody has formed a strategic partnership with Kyobo Life Insurance to pilot a blockchain-based government bond settlement platform, aiming to compress the standard T+2 settlement cycle to near real-time execution. This pilot uses Ripple Custody to handle tokenized bond settlements, exploring RLUSD stablecoin payments. The senior vice president of Kyobo Life Insurance stated that this move aims to validate how traditional financial instruments operate on the blockchain. SBI Holdings, as a共同 investor, links Ripple’s strategies in the Chinese and Japanese markets.
AI chip manufacturer Cerebras plans IPO with $3.5 billion financing at a $26.6 billion valuation
According to TechCrunch, AI chip manufacturer Cerebras Systems announced plans to issue 28 million shares at $115 to $125 per share, expected to raise $3.5 billion, with a maximum valuation of $26.6 billion. If successful, this could be the largest tech IPO to date in 2026. The company has a close relationship with OpenAI, with Sam Altman and other OpenAI executives as angel investors. Cerebras focuses on AI-specific chips, Wafer-Scale Engine 3, claiming superiority in inference speed and energy consumption compared to traditional GPUs. This listing may signal market demand for larger-scale tech IPOs.
K Wave Media abandons Bitcoin treasury strategy and transitions to AI infrastructure
According to Decrypt, Nasdaq-listed company K Wave Media's board has approved a strategic transition to an AI infrastructure firm, abandoning its previously planned Bitcoin treasury strategy and redirecting $485 million funding provided by Anson Funds towards AI. The company's stock price dropped nearly 25% to $0.307 on Monday. The company is also selling its largest wholly-owned subsidiary, Play Co., Ltd., to eliminate $48 million of debt and plans to vote on a name change to Talivar Technologies at its annual shareholder meeting this July. This strategic shift comes as Bitcoin prices recover to $80,000, while the company currently has a market value of only about $21 million.
Ethereum core developers agree to raise gas limit by 3.3 times
According to CryptoBriefing, Ethereum core developers have agreed to raise the network gas limit from the current 60 million to 200 million to support the upcoming Glamsterdam upgrade. This decision aims to enhance the network's transaction processing capability and reduce congestion, marking a significant technical milestone for Ethereum's scalability roadmap. This adjustment was reached at the Arctic Soldøgn Interop conference held in Longyearbyen, Svalbard, with major client teams such as Geth and Nethermind expressing support. This strategic move will enable parallel transaction processing mechanisms, and while purely technical, it is seen as a key step to increasing Ethereum's network capacity.
Crypto venture firm Haun Ventures raises $1 billion betting on the intersection of AI and crypto
According to Decrypt, crypto venture firm Haun Ventures has announced the completion of a $1 billion new fund focusing on the next generation of financial infrastructure, tokenized assets, and the AI agent economy. The fund will focus on investment opportunities in the intersection of crypto and artificial intelligence, supporting founders redefining global financial infrastructure. The firm’s previous investments, Bridge and BVNK, were acquired by Stripe and Mastercard for over $1 billion respectively. This fundraising coincides with a surge in stablecoin trading volume, as the firm believes the fusion of crypto and AI along with a relaxing regulatory environment creates structural opportunities in the financial services sector.
GameStop proposes $55.5 billion acquisition of eBay, rumors surround $368 million Bitcoin holdings
According to CoinDesk, video game retailer GameStop has proposed to acquire online marketplace eBay for $55.5 billion, planning to use $9.4 billion in cash and liquid investments and seek up to $20 billion in financing, raising speculation on whether its $368 million Bitcoin holdings will be sold to finance the deal. The company's CEO previously stated that this expansion plan is "more attractive than Bitcoin" while keeping the option to sell cryptocurrency assets to finance the transaction. Last month, it transferred about 4,709 Bitcoins to Coinbase Prime for a covered call options strategy, while also indicating the ability to complete the acquisition through stock issuance.
U.S. Senate revises clarity bill wording to clarify stablecoin yield rules
According to watcher.guru, the U.S. Senate released the revised wording for the "U.S. Clarity Act" on Monday, reaching a compromise on whether stablecoins can pay yield, causing Circle's stock price to soar over 15%, with crypto stocks like Coinbase rising in tandem. The revised terms prohibit platforms from paying yield on idle stablecoin balances but allow rewards on stablecoins used for genuine transactions. The bill will next be submitted to the Senate Banking Committee for consideration, and if approved, the U.S. Treasury and CFTC will draft detailed rules within a year.
Asset management company Strive completes $33.9 million strategic financing
Asset management company Strive has completed $33.9 million in strategic financing by issuing 584,700 shares of SATA stock in the open market. The raised funds will be used to increase Bitcoin holdings and expand reserves. Strive, founded by Matt Cole, focuses on corporate Bitcoin reserve strategies, currently with total holdings of 15,000 Bitcoins, ranking ninth among publicly traded companies, only behind Strategy, Riot, and Coinbase.
U.S. CAISI assessment: DeepSeek V4 Pro lags behind cutting-edge models by 8 months
According to Decrypt, the U.S. NIST-affiliated agency CAISI has released an assessment report stating that DeepSeek V4 Pro lags approximately 8 months behind cutting-edge AI models in the U.S. The agency used the IRT scoring system based on nine benchmark tests, two of which are from non-public data sets. This assessment has sparked skepticism among experts. The Stanford 2026 AI Index shows that the performance gap between China and the U.S. in AI has narrowed to 2.7%, and DeepSeek performed closely to top U.S. models in public benchmark tests. Additionally, the cost comparison excluded most U.S. models, retaining only GPT-5.4 mini for comparison.
Rain partners with Mastercard to expand stablecoin card network
According to CryptoBriefing, stablecoin payment company Rain announced a partnership with Mastercard to jointly expand stablecoin card infrastructure. The company is currently valued at $1.95 billion and previously partnered with Visa, now gaining access to both of the world's largest card organization networks. Both parties will also explore payment settlement solutions based on stablecoins. This collaboration comes at a time when card organizations and payment companies are competing to lay out stablecoin infrastructure, with Mastercard having previously announced its acquisition of stablecoin infrastructure company BVNK, while Stripe completed its acquisition of Bridge in 2025 to expand related business.
Applied Digital secures $300 million loan to accelerate AI data center construction
According to crypto.news, data center operator Applied Digital announced that it has completed a $300 million senior secured bridge loan led by Goldman Sachs to accelerate the construction of the Polaris Forge 1 campus' 150 MW AI data center. This loan is secured by project assets, can be prepaid without penalty, and provides flexibility for the company to arrange long-term capital in the future. This financing builds on the company's previous $2.15 billion senior secured notes and $750 million oversized lease basis, aimed at funding the 200 MW AI infrastructure already leased to Oracle and a new 150 MW expansion project. The company also plans to add a $300 million revolving line of credit to increase the total credit line to $600 million, covering development and operational expenditures for its AI and high-performance computing businesses.
Telegram will lead the TON network and become the largest validator
According to CryptoBriefing, Telegram CEO Pavel Durov stated that Telegram will replace the TON Foundation as the largest validator on the TON network, with transaction fees reduced sixfold to about $0.0005. This is part of the "MTONGA" technology roadmap, which deployed Catchain 2.0 in April, reducing block time from 2.5 seconds to 400 milliseconds. Telegram initially launched TON in 2018, which was taken over by the community after being suspended by regulators in 2020 and became its Mini App ecosystem's exclusive blockchain in January 2025.
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Who should pay for the "default configuration"? Two weeks after the rsETH incident, LayerZero CEO "takes responsibility"
The losses from this event are indeed severe, but if it leads to infrastructure parties respecting the "security boundary," developers being vigilant about the "default configuration," and the industry gaining the ability for self-rescue in the face of crisis, then perhaps this tuition fee is not in vain.
Hash Global founder KK: BNB as an institutional capital
BNB is not just a cryptocurrency asset; it is one of the most important value-carrying platforms for the upcoming "everything on-chain" era. What Hash Global aims to do is to help institutions invest in this value system while truly participating in this ecosystem.
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