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According to SoSoValue data, the overall cryptocurrency market is experiencing narrow fluctuations, with the CeFi sector performing relatively well, rising 1.50% in 24 hours. Among them, Binance Coin (BNB) increased by 2.36%, and NEXO (NEXO) rose by 1.09%. Additionally, Bitcoin (BTC) fell by 0.04%, fluctuating narrowly around the $81,000 mark; Ethereum (ETH) decreased by 0.87%, maintaining around $2,300.In other sectors, the AI sector rose by 1.42% in 24 hours, with Billions Network (BILL) continuing to rise by 35.21%; the Layer1 sector increased by 0.41%, with NEAR Protocol (NEAR) rising by 11.09%; the Layer2 sector rose by 0.37%, with Celestia (TIA) increasing by 9.03%; the Meme sector increased by 0.21%, with Binance Life soaring by 14.53%; the PayFi sector fell by 0.86%, but Telcoin (TEL) rose by 14.02%; the DeFi sector decreased by 1.35%, while Falcon Finance (FF) rose against the trend by 11.53%; the SocialFi sector fell by 2.41%, with Toncoin (TON) dropping by 3.48%.The cryptocurrency sector index reflecting historical market trends shows that the ssiCeFi and ssiLayer1 indices rose by 1.95% and 0.17%, respectively, while the ssiRWA index fell by 6.46%.

Base co-founder Jesse stated that the x402 protocol now supports batch settlement, enabling a large number of small payments, with individual transactions as low as below 0.0001 USD, making it very suitable for on-demand payment calculations and instant resources such as inference.

According to Cointelegraph, analyst ArabxChain stated that since the beginning of May, more than 3 million ETH have been withdrawn from Binance, which may reduce the pressure of spot selling.

Vitalik Buterin stated that he has donated 64 ETH to the Animal Welfare Fund again and called for more people to pay attention to animal welfare issues. Vitalik mentioned that the suffering caused to billions of animals by humans remains one of the important issues that is less discussed in current society, but he holds an optimistic view about improving the living conditions of animals in this century, believing that agricultural methods and synthetic alternative foods are continuously progressing.He also noted that the quality of global vegetarian and vegan foods has significantly improved in recent years. In addition, Vitalik specifically mentioned the welfare issues of shrimp, stating that the importance of related topics is often underestimated by the outside world, and referred to farming practices such as "eyestalk ablation."

According to Onchain Lens monitoring, the BIT associated wallet sold the last 99,612 HYPE. The wallet has sold a total of 403,290 HYPE, earning 16.88 million USDC, with an average price of 41.86 dollars.

The Ethereum Foundation unstaked 21,271 ETH from Lido, triggering market panic. Arkham published an analysis stating that the foundation's move may be due to concerns about the security of third-party protocols.In addition, the foundation has recently sold ETH multiple times, indicating a need for treasury rebalancing, which typically would not lead to immediate selling.

According to an exclusive report by LatePost, Kuaishou plans to spin off its video generation large model business "Keling AI" and initiate a $2 billion financing round with an estimated valuation of about $20 billion. They are currently in talks with investors such as Tencent, and the deal has not yet been completed. Based on the current market value, Keling's valuation is already close to 70% of Kuaishou's overall market value.The report states that Keling's current annual recurring revenue (ARR) has reached $500 million, doubling since before the Spring Festival, significantly exceeding Kuaishou's previous expectations. At the beginning of 2025, Kuaishou set an annual revenue target of $60 million for Keling, but the final annual revenue reached $150 million. In the face of increased competition from giants like ByteDance and Alibaba in the video generation field, Kuaishou has established an independent option pool and special incentive mechanisms for Keling.It is reported that if the future IPO valuation reaches $40 billion, team incentives will be further enhanced. Currently, Keling has become one of the fastest-growing products in the global video generation field. By early 2026, it ranked first in the iOS drawing and design charts in nearly 40 countries and regions, including Brazil, Russia, and Singapore, and became one of the highest-grossing graphic design applications in South Korea and Russia.

According to The Block, affected by Iran's rejection of the U.S. peace framework and the tense situation in the Strait of Hormuz, Brent crude oil briefly surpassed $104 on Monday, while Bitcoin remained fluctuating above $81,000. Analysts believe that the current crypto market is more driven by geopolitical factors rather than fundamental factors. QCP Capital describes the current market as "standing at a crossroads," viewing $84,000 as the next key resistance level for Bitcoin.Previously, the inflow of ETF funds, expectations of increased holdings by listed companies, and optimistic sentiment around the U.S. Clarity Act stablecoin bill drove BTC up to the $80,000 range, but recently there has been some profit-taking. Laser Digital stated that the market had previously bet that Strategy would make large-scale Bitcoin purchases, but after the expectations fell through, it triggered profit-taking sell-offs. Additionally, some enterprise-level BTC holders have slowed down or paused their accumulation, which has intensified market pressure.Meanwhile, Ethereum became the main target of selling last week. Reports indicate that a whale holding approximately $1 billion in both BTC and ETH has been continuously selling ETH, leading to a noticeable weakening of ETH relative to BTC. Although this address continued to transfer ETH to exchanges over the weekend, it has not triggered further sell-offs.On the macro level, U.S. non-farm payroll data for April was stronger than expected, alleviating short-term stagflation concerns for the Federal Reserve; the market is also focused on the upcoming CPI and PPI data to be released this week, as well as the progress of meetings between Trump and Chinese leaders in Beijing. CoinShares data shows that net inflows into digital asset investment products reached $857.9 million last week, marking the sixth consecutive week of net inflows.

According to Bitcoin.com, Strategy Executive Chairman Michael Saylor recently published an article explaining the low volatility positioning of STRC as a Bitcoin-related investment tool.STRC is Strategy's perpetual preferred stock, with an annual dividend yield of 11.5%, paid in cash monthly, and the dividend rate is adjusted monthly to encourage trading close to the $100 par value and reduce price volatility. Saylor stated that STRC is a credit product designed for income, stability, liquidity, and principal protection, backed by the company's Bitcoin and USD assets, with a preferred stock structure that is more scalable and durable than debt.Strategy proposed to change the STRC dividend payment frequency from once a month to twice a month (on the 15th and at the end of the month), with the total annual dividend remaining unchanged, aimed at stabilizing the price, suppressing cyclicality, and enhancing liquidity. Saylor used a metaphor to distinguish the three: STRC is a passenger plane, BTC is a fighter jet, and MSTR is a rocket ship. Strategy currently holds 818,334 Bitcoins, accounting for about 3.9% of the total supply of 21 million. STRC has reached a scale of $8.5 billion within nine months.

Strategy CEO Phong Le confirmed that the company only sells Bitcoin under specific conditions. Previously, Executive Chairman Michael Saylor hinted at the possibility of selling Bitcoin to pay dividends, which led to a 4% drop in MSTR's stock price. Le stated that the decision to sell is primarily related to the Series A perpetual preferred stock Stretch (STRC, dividend yield 11.5%). The company will execute sales when it is more beneficial for shareholders to sell Bitcoin than to issue stock for dividend payments, with specific trigger conditions being the stock price falling below book value or mNAV falling below approximately 1.22. The second condition involves tax management, including realizing deferred gains or capturing tax losses. Le emphasized that the company's leverage is about 10%-15%, with a magnification rate of about 35%, and the financial situation is manageable.Strategy currently holds 818,334 BTC, with an average price of approximately $75,537, making it the largest publicly traded holder of Bitcoin in the world. Le pointed out that the daily trading volume of Bitcoin exceeds $60 billion, while the company's annual dividends are only about $1.5 billion, indicating that liquidity is not an issue, and stated, "I believe in math rather than ideology."

Wasabi Protocol released a security incident update, stating that attackers exploited a configuration vulnerability in the Spring Boot Actuator within its AWS infrastructure to steal the private keys controlling EVM smart contracts, resulting in the theft of approximately $4.8 million in user funds and $900,000 in protocol treasury funds, with total losses amounting to about $5.7 million.The attack chain began with a public server used for analysis, whose Actuator heap dump was not properly password protected, allowing attackers to obtain credentials for another server and ultimately gain control of the smart contract private keys. This incident only affected EVM deployments, including certain treasuries on Ethereum, Base, Blast, and Berachain, while Solana deployments and Prop AMM were not affected.There has not yet been a final update on the user compensation plan, but "ensuring all affected users are compensated" remains the team's top priority, and updates on the investigation progress will be released in the Discord community in the future.

Former Singapore Navy personnel Zhang Rongxuan (35 years old, phonetic) was sentenced to six years and ten months in prison after stealing 1.7 million Tether (nearly 2.3 million Singapore dollars) from a friend's cold wallet, which he spent on luxury watches, gambling, and paying off a mortgage.It is reported that Zhang Rongxuan was a member of the Naval Diving Unit at the time of the incident, holding the rank of captain. After getting to know the victim, he also co-managed a non-fungible token trading platform with friends, which is affiliated with Upstairs Research Pte Ltd and owned by DiGi Selection Holdings Pte Ltd. After security companies tracked the cryptocurrency wallet, Zhang Rongxuan admitted that he committed the crime due to suffering significant losses from the collapse of the FTX exchange.

According to Lookonchain monitoring, after being silent for 7 months, the wallet Emb5o purchased 67,648 SOL ($6.23 million) and 6.2 million JUP ($1.52 million) in the past 6 hours.

According to Gate market data, the Dow Jones turned down, American Express (AXP.N) fell by 1.3%, and Salesforce (CRM.N) fell by 3.7%.

The on-chain detective ZachXBT, who calls himself a "fraud fighter," is increasingly being pointed to by on-chain behavior analysis as having another identity: he is not a lone righteous messenger but more like a "public spokesperson" for a premeditated short-selling team. Multiple "preview-style revelations" have triggered sharp declines in token prices, with accusations of coordinated efforts involving pre-positioned short orders and precise timing.At the same time, ZachXBT himself is embroiled in serious controversy. In 2025, he received 50% of the supply of the meme coin ZACHXBT, inflated its market value to $88 million, and then withdrew nearly $4 million in liquidity, creating a "case investigation-style rug pull." Additionally, he has long accepted airdrops from project parties and rights protection coins without exception, cashing out every time; he earns over ten million dollars a year anonymously but has consistently refused to disclose his wallet and profit chain.An anonymous account questioned as a market manipulator is now turning around to "judge" the industry— is it a voice of justice, or is it creating a smokescreen for the next short-selling opportunity?

Lido released the latest updates on the Kelp security incident, stating that the Snapshot vote regarding the EarnETH first loss protection mechanism being below the 1% threshold has reached the quorum and been approved. The losses for EarnETH users will be fully covered by the Lido Earn first loss mechanism.The rsETH held by the attacker has been liquidated, and the related stETH has been transferred to the DeFi United rescue plan. In addition, the EarnETH treasury is expected to reopen shortly after the Kelp protocol resumes operations, at which point users will be able to conduct normal deposit and withdrawal operations. Lido emphasized that during the freeze period, the EarnETH and EarnUSD treasuries continue to generate returns. Currently, EarnETH users only need to wait for the brief unfreezing process to complete, and once the funds are restored, they will be compensated according to the first loss protection mechanism.

TrustedVolumes confirmed on platform X that it has been attacked, disclosing that the stolen funds are currently stored in three addresses, totaling approximately 6.7 million USD. Two of the addresses hold about 3 million USD in assets each, while the other address holds about 700,000 USD in assets. At the same time, TrustedVolumes expressed its willingness to engage in constructive communication with the attacker regarding a bounty for the vulnerability and a mutually acceptable solution.

According to monitoring by Lookonchain, a suspected BIT-related address deposited 403,289.5 HYPE (17.4 million USD) into Hyperliquid and began to sell. So far, it has sold 100,000 HYPE for 4.24 million USDC.

According to The Block, Coinbase Chief Legal Officer Paul Grewal stated that he is "very confident" that the stablecoin legislation, the Clarity Act, will pass before this summer, and publicly supports the compromise version proposed by Senators Thom Tillis and Angela Alsobrooks.The proposal retains activity-based rewards linked to actual platform usage and limits balance-based idle yield, which banks view as a risk of deposit outflow.Grewal mentioned that banks failed to provide substantial evidence of deposit outflow risk during multiple meetings and warned that if the compromise is rejected, banks will face a more lenient framework under the GENIUS Act, which allows any non-issuer to offer any rewards. Grewal expects the Clarity Act to pass by this summer at the latest.