On May 5, according to OnchainLens monitoring, Bitmine staked 192,816 ETH seven hours ago, valued at approximately $456.21 million. Currently, its total staked ETH has reached 4,555,573, valued at around $10.69 billion.

On May 5, U.S. President Trump stated that the Iran war may last another two to three weeks. (Jinshi)

On May 5, market sources reported that Elon Musk has agreed to pay $1.5 million to settle allegations from the U.S. Securities and Exchange Commission (SEC) regarding his failure to properly disclose his increasing stake in Twitter in 2022. It is noted that Musk did not admit to the allegations. Previously, the SEC accused Musk of failing to timely disclose that his holdings had exceeded 5% during the acquisition of Twitter shares.

On May 5, the American Bankers Association stated that the proposed provisions regarding stablecoin yields in the cryptocurrency bill known as the 'Clarity Act' do not adequately address the banking sector's concerns about the risk of deposit outflows, indicating that the banking industry remains dissatisfied with the bill. This statement was unexpected. Previously, cryptocurrency companies, including Coinbase, had claimed that this provision represented a compromise consensus between banks and the crypto industry. Following the rising expectations for the bill's passage, Coinbase's stock rose by 6% on Monday, while Circle's stock surged by 20%. (Dongxin News Agency)

Michael Saylor signaled a “pause” on BTC buying ahead of Tuesday’s earnings report, with Wall Street expecting a loss for Q1.

Bitcoin soared as the MSCI AC Asia Index rose to a new high on Monday, an early indicator that investors viewed the weekend developments in a reasonably positive light.

Gerstein Harrow has filed similar cases in the past, arguing its clients have a claim to funds stolen by the DPRK and frozen by crypto firms.

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