According to Lookonchain monitoring, in the past 5 hours, a whale opened a long position of 1.97 million TON with 3x leverage, worth $5.39 million, with a liquidation price of $0.944.

According to Odaily Seer, an account (address: 0x492442eab586f242b53bda933fd5de859c8a3782) that lost over $2.3 million in the Polymarket prediction event for "NBA Eastern Conference Semifinals Game 2: Pistons vs. Cavaliers," purchased over $210,000 worth of bets on the Pistons to win by a 3.5-point spread against the Cavaliers. The average opening price was 51¢, resulting in a floating profit of $60,000. Game 2 of the NBA Eastern Conference Semifinals between the Pistons and Cavaliers started at 7:00 AM Beijing time today. Currently, in the second quarter, the score is 36-29, with the Pistons leading. The series is 1-0, with the Pistons holding a temporary advantage. Odaily Seer continuously monitors the prediction market, anticipating changes before they are priced in.

The CLARITY Act is advancing towards a Senate Banking Committee markup next week, but its progress is being hindered by a dispute over ethics limits related to U.S. President Donald Trump's family crypto interests. According to NS3.AI, the bill aims to clarify whether digital assets should be regulated by the SEC or the CFTC. A compromise on stablecoin rewards has helped revive negotiations, yet Democrats are pushing for ethics language to be included in the committee text. Meanwhile, banking trade groups continue to oppose certain aspects of the stablecoin reward provisions.

The prediction market Polymarket has observed a notable change in the odds for the "Mikal Bridges: Rebounds O/U 2.5" option within the "Knicks vs. 76ers" event. According to ChainCatcher, the probability for the "Yes" option has surged from 57.5% to 73% within the last hour, marking a 15.5% fluctuation. This shift may be influenced by recent developments affecting the market.

Alex Mashinsky, the former CEO of Celsius, will represent himself in court as he prepares for sentencing. According to Cointelegraph, Mashinsky's legal team has withdrawn from the case, leaving him to proceed pro se. He was sentenced to 12 years in prison for his involvement in fraud and price manipulation at the crypto lending platform. Roni Cohen-Pavon, Celsius' former chief revenue officer, is set to be sentenced on May 13 after pleading guilty in September 2023. U.S. prosecutors have recommended leniency, citing Cohen-Pavon's substantial assistance to the government. Celsius, along with cryptocurrency exchange FTX, filed for bankruptcy in 2022 during a downturn in the crypto market that led to the collapse of several companies. In other news, the city council of Spokane Valley, Washington, has unanimously passed an ordinance banning virtual currency kiosks and ATMs. This decision was made in response to numerous residents falling victim to crypto-related scams. The ordinance imposes a $250 civil penalty for noncompliance and allows officials to revoke the business licenses of operators found in violation. Entities hosting these kiosks and ATMs have 30 days to comply. Spokane Valley's actions come ahead of Iowa Attorney General Brenna Bird's announcement that the state will establish rigorous oversight for crypto ATMs to protect residents from scammers. The law, SF2296, integrates crypto kiosks into Iowa's financial regulatory framework, enabling state authorities to impose civil penalties and injunctions on operators. Meanwhile, U.S. authorities have requested the forfeiture of $10 million connected to former FTX CEO Sam Bankman-Fried. In a filing with the U.S. District Court for the Southern District of New York, prosecutors overseeing Bankman-Fried's criminal case have asked for the assets to be used toward his forfeiture. SDNY U.S. Attorney Jay Clayton filed the motion after authorities located $10 million in cash tied to Bankman-Fried in an account at Fiduciary Trust Company. The funds are said to represent the return of an investment made by Bankman-Fried in Semafor. Following his conviction and 25-year prison sentence, Bankman-Fried was ordered to pay over $11 billion in forfeiture for defrauding FTX users and investors. Clayton noted that the judgment remains unpaid as Bankman-Fried awaits the outcome of an appeal.

Zcash experienced a significant price increase, climbing over 70% within seven days. The cryptocurrency rose from approximately $346 on May 1 to a weekly high of $593.86 on May 6, before stabilizing near $570 as of May 8. According to NS3.AI, Tushar Jain of Multicoin Capital revealed that the firm has been accumulating a substantial position in ZEC since February. Pav Hundal from Swyftx suggested that the surge might be driven by a shift in the privacy-coin narrative rather than a fundamental change in valuation.

Aptos Foundation and Aptos Labs have committed $50 million towards the development of the Aptos network, focusing on infrastructure and research for AI agents. According to NS3.AI, this funding will support Decibel and Shelby, two Aptos products related to AI agent trading and storage. Aptos announced that APT will be utilized for transaction burns, accessing advanced AI-agent features, and staking.

From Shanghai residential buildings to global dominance, a decade of turbulent history for Chinese cryptocurrency exchanges: from its wild beginnings to the battle of three giants, the September 4th regulations, and its reshaping through overseas expansion—a chronicle of the rise and fall of the industry.

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

Musk, who has always denounced Anthropic as "anti-human" and "evil" and claimed that it "hates Western civilization," suddenly announced a major computing power collaboration with this former arch-rival.

The bell for the largest IPO in history has not yet truly rung, but the capital market is already stirring.

After eight years of bull and bear markets, the crypto revolution hasn't followed the expected script. Fiat currency still exists, intermediaries still exist, but every bubble and liquidation brings a new underlying financial system one step closer to us.

The six-layer model of stablecoin payment infrastructure includes licensing and regulation, customer onboarding, custody and wallets, fiat currency deposits and stablecoin receipts, distribution and payment, and exchange (fiat currency-stablecoin swaps).

Hedge fund manager Jones asserted that incoming Federal Reserve Chairman Warsh would not cut interest rates.

Since the late 19th century, the United States has gone from "profiting from disasters" to actively provoking and participating in numerous wars. In most cases, the US stock market has surged. Notably, during the war in Afghanistan, which spanned the 2008 financial crisis, the Dow Jones Industrial Average nearly doubled.

What exactly caused Saylor to completely change his stance on Bitcoin? And who would still believe him now?

A former Taiwanese news anchor has been accused of taking cryptocurrency from a suspected foreign agent to produce politically influenced news content and scripts. He is also alleged to have helped bribe military personnel to leak classified information in exchange for crypto payments, leading to multiple espionage-related charges.