Canadian asset management firm Alberta Investment Management Corporation (AIMCo) disclosed that it purchased approximately 1.38 million shares of Strategy (MSTR) in the first quarter, investing approximately $172 million. Based on the current share price of approximately $175, the holding is now worth approximately $241 million, representing a paper profit of approximately $69 million. AIMCo's average cost per share was approximately $125. AIMCo previously held shares in the company from 2019 to 2020, but liquidated its position shortly after the company shifted to a Bitcoin reserve strategy.

Prediction market platforms Polymarket and Kalshi reached a cumulative trading volume of $150 billion in April. According to Odaily, this milestone marks the end of a seven-month streak of monthly growth. Data reveals that Polymarket's active trading users decreased from 733,000 in March to approximately 643,000, contributing to a decline in overall market trading volume. Despite this, Polymarket's U.S. operations continue to expand, and Kalshi's performance remains on an upward trajectory.

Andreessen Horowitz (a16z) has expressed concerns to the Commodity Futures Trading Commission (CFTC) regarding state-level regulations on prediction markets. According to Odaily, a16z argues that these regulations create 'barriers to fair access' and could potentially reduce market liquidity. The firm highlighted that requiring platforms to restrict user access based on state laws affects market uniformity and conflicts with federal principles of fair access. Additionally, frequent bans and enforcement actions may diminish overall trading depth. a16z emphasized the significant role of prediction markets in information discovery and probability pricing, advocating for unified federal regulation. Meanwhile, the CFTC maintains that related contracts fall under its exclusive regulatory jurisdiction.

U.S. President Donald Trump informed Congress on Friday that hostilities with Iran concluded in April, allowing the White House to bypass congressional authorization. According to Odaily, under the 1973 War Powers Act, the U.S. President can deploy military forces overseas for up to 60 days without congressional approval. Trump's 60-day war authority expired on May 1. In his letter, Trump stated that the U.S. ceased military operations against Iran on April 7, following a temporary ceasefire agreement between the two nations, which has since been extended. If hostilities resume, the 60-day countdown will reset and begin anew—a legal interpretation likely to be challenged by Senate Democrats. "Since April 7, 2026, there has been no exchange of fire between U.S. forces and Iran. Hostilities that began on February 28, 2026, have now ended," Trump wrote in the letter.

US President Trump stated that the US is not currently "leaving" the Strait of Hormuz, defending the US blockade and calling it "very powerful." Trump claimed the blockade is working and asserted that energy prices will plummet once the war ends. "After this war, oil, gas, and everything will crash," he said. He also praised the record high US stock market and stated that projects under his administration are being completed "on time" and "on budget."

Iran has submitted a new proposal to Washington aimed at ending the war, showing signs of compromise and a desire to restart negotiations to resolve the deadlock that is taking a heavy toll on its economy. Sources familiar with the matter revealed that Iran's new proposal moves closer to the United States: it proposes to discuss Tehran's conditions for opening the Strait of Hormuz alongside a U.S. commitment to cease attacks and lift the blockade on Iranian ports. Previously, Iran had demanded that the U.S. lift the blockade as a prerequisite for starting negotiations and that the U.S. reach an agreement on the terms of ending the war before discussing the future management of the Strait and its nuclear program. Sources also indicated that the new proposal subsequently suggested discussing issues related to Iran's nuclear program in exchange for U.S. sanctions relief. Iran has indicated to mediators that it is prepared to travel to Pakistan early next week for talks if Washington is open to the new proposal. (Wall Street Journal)

US President Donald Trump notified Congress on Friday that hostilities against Iran ended in April, a move intended to allow the White House to bypass congressional authorization. Under the War Powers Act of 1973, the US president can use military force overseas for up to 60 days without congressional authorization; Trump's 60-day war powers expire on May 1. Trump's letter claimed that the US ceased military action against Iran on April 7, when the two countries reached a temporary ceasefire agreement, which has since been extended. If hostilities resume, the 60-day countdown will reset and restart—a legal interpretation likely to be challenged by Senate Democrats. "Since April 7, 2026, there has been no exchange of fire between US forces and Iran. The hostilities that began on February 28, 2026, have now ended," Trump wrote in the letter. (Wall Street Journal)

In its comment letter to the CFTC, Andreessen Horowitz (a16z) stated that state-level regulations on prediction markets are creating "barriers to fair access" and could weaken market liquidity. a16z pointed out that requiring platforms to restrict user access by state would affect market uniformity and conflict with federal principles of fair access. Furthermore, frequent bans and enforcement actions could also compress overall trading depth. The agency emphasized the important role of prediction markets in information discovery and probability pricing, and supported unified federal regulation. The CFTC, however, maintained that the relevant contracts fall under its exclusive regulatory purview.

JPMorgan analysis points out that while stablecoin trading volume is growing rapidly, its total market size may not expand proportionally, primarily due to increased velocity. The report states that as stablecoins are increasingly used in payment scenarios, the same unit of currency is used more frequently, improving overall efficiency and limiting demand for new stablecoin supply. The bank maintains a relatively cautious outlook, predicting a total stablecoin market capitalization of approximately $500 billion to $600 billion by 2028, believing that market expectations of a "trillion-dollar scale" are overly optimistic.

The combined trading volume of prediction market platforms Polymarket and Kalshi surpassed $150 billion in April, ending a seven-month streak of monthly growth. Data shows that Polymarket's active trading users decreased from 733,000 in March to approximately 643,000, dragging down overall market trading volume. However, its US operations continued to grow, and Kalshi's performance also remained upward.

On one hand, there is a flurry of releases of core PCE data from the Federal Reserve, the Bank of Japan, the European Central Bank, and the United States; on the other hand, there is a concentrated burst of industry narratives, causing the market to oscillate between "expectation" and "panic".

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While Aave, the leading DeFi lending platform, is mired in the Kelp DAO hack, another established protocol, Sky, has not only attracted the attention of whales with real money, with its TVL surging by more than 25% in the past two weeks, but has also taken advantage of the momentum to launch two major initiatives.

Last night, DeepSeek multimodal researcher Chen Xiaokang tweeted on X, announcing DeepSeek's new paper on multimodal technology, "Thinking with Visual Primitives," and saying "Excited to release."