Trump said on Wednesday that the chances of reaching a framework agreement with Iran are "very high," possibly "within a week." Iran is reviewing the US ceasefire proposal, and the two core demands that the US has long insisted on remain unresolved.

Aave, a blockchain lending platform, has completed the liquidation of the remaining rsETH position held by the Kelp DAO attacker, according to The Block. This action is part of a recovery plan previously announced by Aave. The collateral obtained from the liquidation will be transferred to a multi-signature address managed by the DeFi United initiative, named 'Recovery Guardian.' This organization is working to restore the asset backing of rsETH and compensate affected users. This process marks one of the final stages in the community's efforts to address the $292 million loss caused by the vulnerability. Aave had previously stated that its liquidation required governance process support, specifically noting that Aave voted to temporarily manipulate the rsETH oracle price to incur losses on the attacker's fraudulent position. Aave assured that all adjustments will be fully restored once the liquidation is complete.

Ether (ETH) has experienced a significant downturn, with exchange activity and decentralized application (DApp) revenue dropping sharply by fifty percent, hindering its price growth. According to Cointelegraph, institutional investor interest in Ether remains subdued as major holders like Bitmine grapple with billions in unrealized losses. Over the past three months, Ether has struggled to maintain levels above $2,400, consistently underperforming compared to its peers. The altcoin has seen a 21% decline in 2026, raising investor concerns about its inability to align with the broader market recovery. The total cryptocurrency market capitalization has decreased by 11% year-to-date, indicating persistent challenges for Ether. A decline in DApp activity partially explains the waning interest, affecting ETH price formation negatively. Decentralized exchanges (DEX) volumes have plummeted by 53% over six months, impacting Ethereum's DApps activity significantly. This decline in DEX appeal is attributed to factors such as the sharp drop in memecoin prices, reduced token launches, and protocol hacks. The cryptocurrency industry faced $630 million in hacks in April, with KelpDAO and Drift Protocol accounting for 82% of the losses. Blockchain security company Hacken linked these attacks to actors associated with the Democratic People’s Republic of Korea (DPRK), leading to a 47% drop in aggregate crypto industry DEX activity over three months. Despite Ethereum's dominance in the ecosystem, competitors like Solana and Hyperliquid have captured a combined 42% market share in DApp revenue, showcasing their base layer scalability and reduced friction for users. Ethereum's upcoming glamstedam hard fork aims to increase base-layer capacity threefold, allowing parallel transaction execution and pre-fetching block data. However, users and investors remain uncertain about the necessity of layer-2 rollups once base-layer scalability reaches a certain threshold. Additionally, there is limited visibility on whether these changes will lead to higher network fees, which are crucial for boosting staking yields. Institutional investors' perception of Ether has been adversely affected as Bitmine, the largest publicly listed holder of ETH, faces challenges with its corporate reserves. Led by chairman Tom Lee, Bitmine invested $12.2 billion in acquiring ETH, but its position is currently valued at $10.8 billion, diminishing the asset's institutional appeal. Although this situation does not pose an immediate sell-off risk, it contributes to Ether's underperformance relative to the broader crypto market. Despite these hurdles, Ether's price could potentially reach $2,800, but declining onchain activity, fierce competition in the DApps industry, and reduced institutional interest continue to weigh on its performance.

According to SoSoValue data, XRP spot ETFs saw a total net inflow of $13.0287 million yesterday (May 6th, Eastern Time). The XRP spot ETF with the largest net inflow yesterday was the Bitwise XRP ETF (XRP), with a net inflow of $7.3325 million, bringing its historical total net inflow to $434 million. The second largest was the Franklin XRP ETF (XRPZ), with a net inflow of $5.4193 million, bringing its historical total net inflow to $357 million. As of press time, the total net asset value of XRP spot ETFs was $1.113 billion, with an XRP net asset ratio of 1.26%, and a historical cumulative net inflow of $1.319 billion.

Odaily Seer's monitoring shows that in the Polymarket prediction event for "NBA Western Conference Semifinals Game 2: Spurs vs. Timberwolves," an account with a 54% win rate (address: 0xa2cced8bfae7d645f7f437fb76becf2fcbb70cbc) purchased $260,000 worth of bets on the Spurs to win by a 9.5-point spread against the Timberwolves. The average opening price was $52.1, resulting in a floating profit of $2,000. Game 2 of the NBA Western Conference Semifinals between the Spurs and the Timberwolves will tip off at 9:30 AM Beijing time today. The series is currently 1-0, with the Timberwolves leading. Timberwolves star player Anthony Edwards will continue to play in this game; in addition, Dossum is also available to play without any time restrictions. Odaily Seer continuously monitors the prediction market, seeing changes before prices are priced in.

A newly created wallet, identified as 0x128e, has opened a substantial short position on Solana (SOL), according to ChainCatcher. The wallet utilized a 20x leverage to establish a short position of 240,000 SOL, valued at $21.36 million. The liquidation price for this position is set at $90.85.

Aave announced that it has completed the liquidation of the remaining rsETH positions held by the Kelp DAO attacker. The collateral will be transferred to the Recovery Guardian multisignature wallet managed by DeFi United to restore rsETH reserves and compensate affected users. This liquidation is part of the recovery plan following the $292 million attack. Aave previously temporarily adjusted the rsETH oracle price through governance voting to create bad debt in the attacker's positions and trigger liquidation; the relevant parameters will be restored after the liquidation. Previously, the attacker manipulated the Kelp DAO's LayerZero-based cross-chain bridge to forge 116,500 uncollateralized rsETH and borrowed ETH on protocols such as Aave and Compound. Currently, DeFi United's recovery funds exceed $320 million.

Iran is expected to submit a response to mediators regarding the U.S. proposal to end the ongoing conflict on Thursday, according to Odaily. A source revealed that Iran has been reviewing the proposal, and both parties are working towards reaching an agreement to conclude the war.

According to Odaily, a Polymarket prediction event for the NBA Eastern Conference Semifinals Game 2 between the Philadelphia 76ers and the New York Knicks saw a significant investment. An account with over $2.2 million in profits purchased $60,000 worth of shares predicting a 76ers victory at an average price of 20¢, resulting in a floating profit of $40,000. The game began at 7 a.m. UTC+8 and is currently in the second quarter, with the 76ers leading 50-46. The Knicks are ahead in the series with a score of 1-0. Notably, 76ers star Joel Embiid is absent due to ankle and hip injuries.

According to GMGN data, the market capitalization of Sato, an Ethereum blockchain token, continues to rise and has reached a new high, currently trading at approximately $13.82 million, representing a daily increase of over 300%. Odaily reminds users that token prices are highly volatile, and investors should be aware of the risks.

According to Odaily Seer, an account (address: 0x9f2fe025f84839ca81dd8e0338892605702d2ca8) with over $2.2 million in profits from the Polymarket prediction event "NBA Eastern Conference Semifinals Game 2: 76ers vs. Knicks," purchased $60,000 worth of shares in favor of the 76ers defeating the Knicks. The average opening price was 20¢, resulting in a floating profit of $40,000. Game 2 of the NBA Eastern Conference Semifinals between the 76ers and the Knicks started at 7:00 AM Beijing time today. Currently, in the second quarter, the score is 50-46, with the 76ers leading. The Knicks lead the series 1-0. Furthermore, 76ers star Joel Embiid will miss this game due to ankle and hip injuries. Odaily Seer continuously monitors the prediction market, anticipating changes before they are priced in.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 3049, providing you with the latest and fastest news on the digital currency and blockchain industry.

Buying Circle stock does not actually mean you have "stablecoin exposure".

On May 5, 2026, a16z crypto announced the completion of its fifth crypto-focused fund, raising $2.2 billion.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

During the May Day holiday, a project called "Unipeg" (unipeg.art) suddenly became popular online.

The first round of financing for DeepSeek, a leading AI company in China, has attracted significant market attention.

Just last month, Sun opened his own transit station, B.ai, and this month the Trump family has entered the fray.

Sam Altman once referred to the advertisement as ChatGPT's "last resort."

Stablecoins, cryptocurrencies, ledgers are not nautical charts; an accounting perspective cannot see new continents. Jinse Finance: "The Endgame of Cryptocurrencies" exposes the scars, but misjudges the future.