On May 3, the chairman of the Iranian Parliament's Civil Commission announced new regulations concerning the management of the Hormuz Strait. According to Odaily, all traffic through the strait must receive permission from Iran, and goods belonging to Israel are prohibited from passing under any circumstances. Additionally, hostile nations engaged in conflict with Iran must compensate for damages before being allowed passage through the strait.

On May 3, local time, the chairman of the Iranian parliament's Civil Affairs Committee stated that, according to parliament's plan for the management of the Strait of Hormuz, all traffic through the Strait of Hormuz must obtain permission from Iran, and any goods belonging to Israel are not allowed to pass through under any circumstances. Enemy countries at war with Iran are prohibited from passing through the Strait of Hormuz until they have paid compensation for their losses. (CCTV News)

1. Yunfeng Financial makes strategic investment in WooshPay, aiming to expand its digital payment and asset tokenization businesses; 2. Even if the Clarity Act fails to pass, the US crypto industry will continue to grow; 3. An Iranian supertanker evaded US Navy tracking and is heading towards the Riau Islands of Indonesia; 4. LAB falls below $1, down over 50% in 4 hours; 5. An account with a 47% win rate buys $141,000 worth of NBA playoff Eastern Conference First Round Game 7: the Celtics defeat the 76ers with a point spread; 6. Paradigm partners propose the PACTs mechanism to provide a protection path for quantum-fragile Bitcoin addresses; 7. An address spent 3 ETH to buy ASTEROID 16 days ago and has already profited approximately $1.26 million.

PANews posted on X (formerly Twitter). Bill Gates, at the age of 28, shared insights during an interview about his career and motivations. At the time, Microsoft's annual revenue had surpassed $100 million. When asked about becoming a millionaire, Gates emphasized that no one at the company was driven by money. Instead, he found excitement in writing programs, seeing them used, and solving real-world problems. Gates discussed his decision to drop out of Harvard, explaining that he felt the computer revolution was imminent and required immediate action. When questioned about the possibility of working for someone else, Gates paused and expressed that he was accustomed to pursuing his ideas independently, making it challenging to adapt to reporting to others. He highlighted that those who truly seize opportunities are often not focused on potential earnings but rather on recognizing the importance of not missing the chance to be part of significant advancements.

Bitcoin mining companies are increasingly turning their attention to AI data centers as the market evolves. According to PANews, while Michael Saylor made headlines with his substantial investment in Bitcoin, the atmosphere at mining company booths was notably subdued. Companies like Bitdeer are reportedly selling off their Bitcoin holdings to invest in AI technologies. Modular solutions are gaining popularity among these firms as they adapt to the changing landscape.

Cerebras Systems is reportedly seeking to raise up to $4 billion in its initial public offering (IPO), according to Bloomberg. The California-based AI chip manufacturer and data center operator is targeting a valuation of approximately $40 billion. Sources familiar with the matter, who requested anonymity due to the private nature of the information, indicated that Cerebras could begin its formal IPO roadshow as early as Monday. Investment banks underwriting the deal have already received potential subscription interest exceeding $10 billion. This development comes amid a significant surge in semiconductor stock prices. The details of the IPO, including the size of the offering, valuation, and timing, are still subject to change. Cerebras Systems declined to comment on the matter.

A supertanker owned by the National Iranian Tanker Company has reportedly evaded U.S. Navy surveillance, according to Odaily. The vessel is carrying over 1.9 million barrels of crude oil and is currently navigating through the Lombok Strait in Indonesia, heading towards the Riau Islands.

250 Digital Asset Management CEO Chris Perkins stated that the long-term growth of the U.S. crypto industry will remain unaffected even if the Clarity Act, aimed at establishing a clear regulatory framework for cryptocurrencies, fails to pass in Congress. According to Odaily, Perkins highlighted that the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission are continuously developing regulatory frameworks to provide stability and certainty to the industry. Perkins noted that regulatory bodies are currently clarifying the classification system for crypto assets through policies and practices. This approach is gradually providing a clearer compliance path compared to previous restrictions that defined tokens as securities. He also mentioned that if the Clarity Act is eventually passed, it would further solidify the regulatory framework, making future policy reversals more difficult. Recently, there has been increased anticipation in the market regarding the progress of this legislation, with several lawmakers and industry figures expressing optimism about its potential short-term advancement.

Chris Perkins, CEO of 250 Digital Asset Management, stated that even if the Clarity Act, which aims to clarify the regulatory framework for crypto, fails to pass Congress, the long-term development of the US crypto industry will not be affected. He pointed out that the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have been continuously building regulatory frameworks to provide stability and certainty for the industry. Perkins stated that regulators are currently clarifying the classification system for crypto assets through policies and practices, and compared to the restrictions imposed by defining tokens as securities in the past, the relevant compliance path is now becoming clearer. He also pointed out that if the Clarity Act is ultimately passed, it will further solidify the regulatory framework, making future policies more difficult to reverse. Recently, market expectations for the bill's progress have increased, with several legislators and industry figures indicating that it is likely to make progress in the near future. (Cointelegraph)

On May 3, local time, information from the maritime intelligence company "Tanker Tracker" showed that a very large crude carrier (VLCC) belonging to the National Iranian Tanker Company, carrying more than 1.9 million barrels of crude oil (worth nearly $220 million), successfully evaded the US Navy's tracking. Currently, the ship is transiting the Lombok Strait in Indonesia, heading towards the Riau Islands. (CCTV News)

This week, 16 blockchain startups raised a total of $270.6 million. Sodot raised $100 million from MoonPay in a mergers and acquisitions (M&A) funding round, the largest funding round this week.

美国中部时间5月2日周六，投资界的年度盛会——伯克希尔·哈撒韦公司2026年股东大会在奥马哈举行。

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