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According to Coinglass data, Binance had a net outflow of 500 million USDT in the past hour.

The stablecoin infrastructure startup Rain is currently valued at $1.95 billion and has announced a partnership with payment giant Mastercard to issue credit and prepaid cards, as well as explore pathways for using stablecoins for payment settlements.Previously, Rain primarily relied on the Visa network to issue card products, and this partnership with Mastercard signifies its entry into the "dual card network" layout phase, further expanding its institutional client market. Rain stated that this collaboration will focus on serving large institutional clients that are deeply tied to a single payment network, enabling them to introduce stablecoin settlement capabilities without changing their existing payment systems. Meanwhile, the application of stablecoins continues to expand at the industry level, with institutions such as Stripe and Coinbase promoting the integration of stablecoin payments and settlements, indicating that the fusion of traditional finance and crypto payment infrastructure is accelerating. Analysts believe that as the regulatory framework gradually clarifies, stablecoins are rapidly shifting from trading tools to enterprise payment and cross-border settlement infrastructure.

Tether's official data reveals that Tether Gold (XAUT) continued to expand in the first quarter of 2026, with a total market value exceeding $3.3 billion, driven by record-high gold prices and increased macroeconomic uncertainty, leading to a significant rise in investor demand for safe-haven assets.Tether's data for this quarter shows that its underlying gold reserves increased by 36% quarter-over-quarter, reaching approximately 707,747 ounces as of March 31, corresponding to a 1:1 gold backing for the circulating XAU₮ tokens, with a total market value of about $3.303 billion. Compared to the approximately 520,000 ounces of reserves at the end of 2025, the gold holdings this quarter have significantly increased, reflecting a continuous inflow of funds into digital products backed by physical gold.

According to Reuters, the U.S. Securities and Exchange Commission (SEC) has delayed the review of the first batch of predictive market ETFs, resulting in the postponement of more than 24 products originally scheduled for launch. Insiders revealed that the SEC is requesting issuers to provide further clarification on product mechanisms and information disclosure details, and this delay is expected to be temporary.Issuers such as Roundhill Investments, Bitwise Asset Management, and GraniteShares submitted applications in February this year to launch ETF products linked to real-world events such as election results, economic recessions, tech layoffs, and oil prices.According to SEC rules, ETF applications typically become effective automatically 75 days after submission unless the regulatory agency intervenes. Currently, Roundhill has set May 5 as the effective date, and Bitwise and GraniteShares' products are also expected to launch around the same time. The market is closely watching whether the SEC will ultimately approve these products that open up the "event contract" asset class.Bitwise Chief Investment Officer Matt Hougan stated, "This is a rapidly maturing field, and regulation is maturing in parallel," noting that innovative products like Bitcoin ETFs have also gone through a lengthy review process but ultimately launched successfully.

According to GlobeNewswire, Nasdaq-listed Bitcoin treasury company K Wave Media announced the launch of a series of strategic transformation initiatives, including securing up to $485 million in capital support for building an AI infrastructure platform, focusing on data center investments, GPU computing power leasing, and mergers and collaborations in key AI infrastructure.In addition, the company has approved the sale of its wholly-owned subsidiary Play Co., Ltd. to the original shareholders, a transaction expected to reduce debt by approximately $48 million, which still requires shareholder approval at the annual meeting in July 2026.

According to Coinglass data, on May 04 at 19:48, 500 million USDT was detected being transferred from Binance to an unknown wallet.

According to Cointelegraph, the South Korean crypto industry group DAXA (Digital Asset Exchange Alliance), representing 27 registered virtual asset service providers (VASP), has submitted objections to the Financial Services Commission (FSC) and the Financial Intelligence Unit (FIU) regarding the proposed amendments to the implementation order of the Specific Financial Information Act.The new regulations aim to require domestic VASPs to report any virtual asset transfers with foreign VASPs as suspicious transaction reports (STR) if the amount reaches 10 million won (approximately $6,800), regardless of the risk level. DAXA warned that this would cause the annual reporting volume of South Korea's five major trading platforms (Upbit, Bithumb, Coinone, Korbit, Gopax) to surge from about 63,000 last year to over 5.4 million, making compliance practically impossible.The industry also opposes the proposed requirement to verify the accuracy of customer information, arguing that the subordinate rules impose obligations not clearly defined by law. This industry backlash comes as exchanges face sanctions from financial regulators in court. On April 9, the court ruled to lift part of the business suspension against Upbit operator Dunamu, but the regulators have appealed. On April 30, the court suspended the six-month partial business suspension against Bithumb. Coinone also received a temporary stay of execution.The public consultation period for the new regulations ends on May 11, and it is expected to be finalized in July after regulatory and legal reviews. This highlights the tension between South Korea's tightening of crypto anti-money laundering regulations and the industry's concerns about excessive compliance burdens.

According to Jinshi News, artificial intelligence chip manufacturer and data center operator Cerebras Systems plans to raise up to $3.5 billion through an initial public offering to compete against rivals in this hot industry.According to documents submitted by the company, headquartered in Sunnyvale, California, to the U.S. Securities and Exchange Commission, the company is issuing 28 million shares at a price of $115 to $125 per share. Cerebras had secretly submitted its listing application earlier this year, and just a few months ago, the company withdrew a previous registration application.

Bitcoin mining company and energy infrastructure platform Hut 8 announced that its subsidiary has reached a $200 million Bitcoin collateralized credit agreement with FalconX, replacing the previous financing arrangement from Coinbase Credit. The new financing has an annual fixed interest rate of 7.0%, a decrease of 200 basis points from the previous 9.0% financing from Coinbase; during the period from December 2023 to March 2025, the financing cost was as high as 10.5%–11.5%, with a cumulative reduction of up to 450 basis points, demonstrating progress in continuously optimizing debt costs.After this refinancing, Hut 8 has approximately 3,300 BTC converted to an uncollateralized state, valued at about $260 million based on the market value as of May 1, 2026, significantly enhancing its balance sheet flexibility and liquidity. Meanwhile, the credit structure maintains key risk control terms, including a limited recourse structure, a no-rehypothecation clause, and a fixed LTV threshold design, preventing additional margin calls triggered by a decline in Bitcoin prices.Hut 8's management stated that this financing not only reduces financing costs but also releases more uncollateralized Bitcoin assets, helping to enhance capital allocation flexibility across different market cycles; FalconX emphasized that this transaction reflects its ongoing expansion capabilities in institutional-level Bitcoin credit solutions.

According to on-chain analyst @ai_9684xtpa, the whale "set 10 big targets" tweeted that it opened a short position of 2,448.2 BTC at the price of $79,903.19, worth $195 million, and has now realized a profit of $2.463 million.

In response to community users claiming that Binance Square "if you stay still for just 1 hour, your account will be banned," He Yi posted a response stating: "It is an issue with the live broadcast risk control strategy of the Square. Previously, we encountered some accounts that had no sound and no trading, running all day, so it automatically scans some live broadcasts that have no activity."He Yi added that they will resolve such issues.

According to Coinglass data, if ETH breaks through $2,435, the cumulative short liquidation intensity on mainstream CEX will reach $1.078 billion. Conversely, if ETH falls below $2,219, the cumulative long liquidation intensity on mainstream CEX will reach $887 million.

According to Coinglass data, if BTC breaks through $82,288, the cumulative short liquidation intensity on mainstream CEX will reach $2.006 billion. Conversely, if BTC falls below $75,178, the cumulative long liquidation intensity on mainstream CEX will reach $1.186 billion.

Coinglass data shows that the total liquidation amount across the network reached 75.91 million USD in the past hour, with long positions liquidated at 68.97 million USD and short positions liquidated at 6.93 million USD. In addition, the liquidation amount for BTC reached 26.94 million USD, and for ETH, it reached 19.94 million USD.

According to Gate market data, the S&P 500 index futures fell by 0.55%, the Dow Jones index futures fell by 0.73%, and the Nasdaq 100 index futures fell by 0.51%.

According to Gate market data, the euro against the US dollar (EUR/USD) has fallen below 1.17, with a daily decline of 0.17%.

According to Jinshi reports, the Italian FTSE MIB index fell by 1% during the day. At the same time, the French CAC 40 index fell below 8,000 points, with a daily decline of 1.42%.

According to monitoring by Lookonchain, as the price of TST rises, a certain 3x leveraged long TST whale has now realized a profit of over 1.21 million dollars, and this whale currently holds a position of 133.59 million TST.

According to the latest data from Saylortracker, as Bitcoin strongly rebounds and breaks through $80,000, the Strategy's holdings of BTC currently total 818,334 BTC, with a market value returning above $6.5 billion, currently reported at $6.568 billion, with an average cost of $75,537, resulting in an unrealized profit of $3.87 billion.