According to Onchain Lens monitoring, a whale, after being dormant for 6 months, deposited 3.117 million USDC into HyperLiquid and placed short orders for ETH in the range of $2,530 to $2,670.

Coinbase Australia has launched a dedicated support service for Self-Managed Superannuation Funds (SMSFs), providing Australian trustees with compliant and secure digital asset investment solutions to help them incorporate crypto assets such as Bitcoin into their retirement portfolios. According to Coinbase's official blog, the service leverages its recently obtained Australian Financial Services License (AFSL) and local team capabilities, offering entity verification processes tailored to Australian fund structures, downloadable audit reports compliant with local accounting standards, and institutional-grade security. Australian Taxation Office data shows that there are currently over 653,000 SMSSFs in Australia, managing assets totaling AUD 1.05 trillion and with over 1.2 million members. Coinbase states that SMSSFs are among the few retirement structures globally that allow individuals to directly manage digital assets, and are becoming a crucial entry point for investors to incorporate cryptocurrencies into their long-term retirement strategies. (The Block)

South Korea's cryptocurrency sector is bracing for significant changes as a revised decree set for August may mandate Suspicious Transaction Reports (STR) for every transaction exceeding 10 million won. According to NS3.AI, this adjustment could drastically increase the number of STR filings at the country's five major won-denominated exchanges, with projections indicating a rise from 63,408 to 5,445,133 annually. A representative from the Digital Asset eXchange Alliance (DAXA) expressed concerns that the increased filing burden could overwhelm existing Anti-Money Laundering monitoring systems, potentially disrupting normal operations.

World Liberty Financial, the Trump family's crypto project, has hired prominent litigator Tom Clare in its lawsuit against Justin Sun. The law firm representing the company is Clare Locke LLP. Tom Clare is known for his expertise in commercial litigation and defamation cases, and is active in media and technology-related legal disputes. He is particularly prominent in the crypto industry for representing projects and companies in controversies such as defamation and contract disputes. In 2023, Tom Clare led a defamation lawsuit against Fox News, accusing it of spreading false claims of "Dominion fraud" in the 2020 US election. The case was settled for $787.5 million before trial, considered one of the largest public defamation settlements involving a US media company. Previously, it was reported that World Liberty Financial had filed a lawsuit in a Florida court, accusing Justin Sun of defamation and alleging a "systematic pressure campaign" against the project.

Indonesia's Chief Economic Minister has announced plans to expedite government spending in the second quarter to stimulate GDP growth. According to Jin10, this initiative aims to enhance economic performance and address current fiscal challenges. The minister emphasized the importance of strategic financial management to achieve sustainable growth.

The US-Iran ceasefire, established four weeks ago, is facing potential collapse as new hostilities have erupted in the Middle East. Bloomberg posted on X, highlighting the fragile nature of the ceasefire agreement amid escalating tensions in the region. The recent outbreak of violence raises concerns about the stability of the ceasefire and the broader implications for regional security. Observers are closely monitoring the situation as diplomatic efforts continue to prevent further escalation.

Shares of Strategy, the world's largest corporate Bitcoin holder, have surged over 50% in the past month, driven by Bitcoin's climb past $80,000 and renewed institutional interest. On Monday, Strategy's stock rose 4% to nearly $184 per share, following a 7% increase on Friday, with after-hours trading indicating a further 2% rise ahead of its Q1 earnings call on Tuesday. According to DL News, Bitcoin ETFs attracted $827 million in early May, while over $200 million in short positions were liquidated in one day. Strategy's stock is closely tied to Bitcoin's performance.

The fragile cease-fire between the United States and Iran is under threat, raising concerns across global markets. Wall Street Journal (Markets) posted on X, highlighting the potential impact of geopolitical tensions on economic stability. The cease-fire, initially established to ease hostilities, now faces challenges that could disrupt international relations and economic forecasts. Market analysts are closely monitoring the situation, as any escalation could lead to significant volatility in financial markets. The uncertainty surrounding the cease-fire has already influenced investor sentiment, with many seeking safer assets amid fears of potential conflict. The geopolitical landscape remains tense, with diplomatic efforts underway to maintain peace and prevent further deterioration. The outcome of these negotiations will be crucial in determining the future of the cease-fire and its implications for global markets. As the situation unfolds, stakeholders are advised to stay informed and prepared for possible shifts in market dynamics. The ongoing developments underscore the interconnectedness of geopolitical events and economic stability, highlighting the need for vigilance in navigating these uncertain times.

According to the announcement from Binance, the exchange will delist several spot trading pairs as part of its routine market quality assessments. This decision is driven by factors such as poor liquidity and low trading volume. The affected trading pairs include AVA/BTC, BCH/BNB, CFX/BTC, ENA/BTC, HBAR/FDUSD, LA/BNB, MAGIC/BTC, OP/BTC, PUNDIX/USDC, STEEM/ETH, WIN/TRX, and XPL/FDUSD. The delisting will take effect on 2026-05-08 at 03:00 (UTC). The removal of these trading pairs will not impact the availability of the underlying tokens on Binance Spot. Users will still have the option to trade the base and quote assets of these pairs through other available trading pairs on the platform. Additionally, Binance will discontinue Spot Trading Bots services for the specified pairs at the same time. Users are advised to update or cancel their Spot Trading Bots to prevent potential losses. This action is part of Binance's ongoing efforts to maintain a high-quality trading environment for its users.

Tether, the crypto financial giant known for its stablecoins, is extending its reach into the Bitcoin mining field.

The progress of the CLARITY Act legislation has had a direct impact on stablecoin issuers and trading platforms, with Circle's stock price surging nearly 20% intraday and USDC trading activity increasing significantly.

Bitcoin surged past $80,000, hitting a four-month high of $80,529 just hours after Donald Trump unveiled “Project Freedom”—a U.S. naval initiative to escort cargo ships through the strategically critical Strait of Hormuz amid escalating tensions with Iran.

Ben Felix, portfolio manager and chief investment officer at PWL Capital, is an evidence-based investment expert who translates academic financial research into practical decision-making that is understandable to the average person.

U.S. New Mexico has asked a court to label Meta a public nuisance and make it pay $3.7 billion over alleged harm to young users. The state also wants major changes to Facebook and Instagram, while Meta argues the demands are too extreme and could force it to stop operating there.

GameStop has launched a surprise $55.5 billion cash-and-stock bid to acquire eBay in what would be one of the most ambitious takeover attempts in recent memory.

A Barcelona court is investigating Shirtum and six former Sevilla FC players over claims of fake NFTs and a token scheme that caused over €24 million in investor losses. Investors say the NFTs never existed on a blockchain and the $SHI token collapsed after being heavily promoted and sold.

This was the textbook example of venture capital, but today it has largely disappeared.

Trump, Binance, TradeFi, and the White House's baffling tweets: Abstract or ironic? The controversy surrounding Binance TradeFi's perpetual funding rates. Golden Finance: What have the crypto KOLs been talking about in the past 24 hours?

More than 30,000 wallets all originated from the same Polymarket account, "Themino".