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4/24
20:58
Svmuu reported that Josh Stevens, the new Vice President of Engineering at Polymarket, stated on the X platform that the platform's business growth rate has far exceeded the capacity of its existing infrastructure, and the team has significantly under-invested in scaling efforts previously. The current engineering team is focusing all its efforts on system upgrades, including optimizing on-chain data latency, advancing chain migration to secure greater block space and lower gas costs, addressing transaction cancellation issues, improving website responsiveness and user experience, and rebuilding the CLOB (Central Limit Order Book) system.
John stated that the team is also developing a unified TypeScript SDK, a unified API, new Polymarket contracts, and an upcoming perpetual contracts (Perps) system. They are maintaining daily collaboration with four security teams to ensure fund safety. He emphasized that engineering updates will be released weekly going forward, acknowledging that current engineering capabilities have not matched Polymarket's market position, adding "the next few months will prove everything."
20:54
Svmuu reported that according to on-chain analyst Ember's monitoring, as the lending platform directly affected by the rsETH incident, Aave itself contributed 25,000 ETH ($57.75 million) to cover the bad debt.
The total bad debt shortfall was 75,081 ETH. Aave coordinated the establishment of the "DeFi United" initiative to receive aid funds to cover this shortfall. It has now secured aid commitments (loans and donations) of 69,576 ETH, leaving a gap of only 5,505 ETH remaining.
20:48
The Svmuu Seer Channel has detected that in the Polymarket prediction event "NBA Playoffs Western Conference First Round G3: Spurs vs. Trail Blazers," an account with only a 24% win rate (address: 0x84cfffc3f16dcc353094de30d4a45226eccd2f63) purchased $117,000 worth of shares predicting the San Antonio Spurs would defeat the Portland Trail Blazers 2 hours ago, at an average purchase price of 60¢.
NBA Playoffs Western Conference First Round G3 between the Spurs and Trail Blazers is scheduled to tip off at 10:30 AM Beijing time today. The series is currently tied 1-1. The San Antonio Spurs have upgraded the status of star player Victor Wembanyama to questionable, as he is expected to return for Game 3 of the series against the Portland Trail Blazers. Wembanyama was diagnosed with a concussion after hitting his head on the floor early in the second game. According to the NBA's concussion protocol, a player cannot fully resume game participation within 48 hours of the injury, but can begin gradually increasing activity after 24 hours if symptoms do not worsen.
The Svmuu Seer Channel continues to monitor the prediction market, observing changes before prices are set.
20:46
Svmuu reported that, according to Onchain Lens monitoring, Bitmine has staked another 112,040 ETH in the past four hours, valued at over $260 million.
20:23
Svmuu: A U.S. judge has dismissed fraud allegations brought by Musk against OpenAI and OpenAI founder Sam Altman in a lawsuit, while planning to proceed with a trial on Musk's other claims. (CNBC)
20:21
Svmuu News: According to the Associated Press, U.S. Treasury Secretary Bessent has ruled out the possibility of extending oil waiver licenses for Iran and Russia. (Jin10)
20:18
Svmuu News: U.S. President Donald Trump's lawsuit against the Internal Revenue Service and the Treasury Department has faced judicial scrutiny. U.S. District Judge Catherine Williams pointed out that, given Trump's de facto influence over both parties in the lawsuit, it is questionable whether the case involves a "genuine adversarial controversy." She requested the Department of Justice to submit a written explanation by May 20, clarifying how the court has jurisdiction to hear the case. (CCTV)
20:04
Svmuu, President Trump posted on social media: "The people and companies that have been taking advantage of our country for decades are now set to get back $159 billion, all because of a terrible and ridiculous ruling by the U.S. Supreme Court on tariffs. If they had just added a simple half-sentence — 'The United States does not have to refund the duties already paid' — our country would have an extra $159 billion. That’s more than the total value of most countries! Think about it, just half a sentence could have saved us $159 billion. Couldn’t they have done this for our country?" (Jin Shi)
16:52
Svmuu reported that market data shows TRADOOR briefly plummeted over 80% and is now trading at $1.32.
16:33
Svmuu News: Market data shows that the difference between Ape's spot and contract prices exceeds 10%, with the spot price currently at $0.1806 and the contract price at $0.16.
14:12
Svmuu: The White House says the investigation into Federal Reserve Chair Powell is still ongoing. The case against the Fed will not necessarily be dropped.
14:11
Svmuu BlockBeats News Tennessee Governor Bill Lee has signed a bill banning cryptocurrency ATM operations statewide, making Tennessee the second state to implement a complete ban after Indiana.
The bill (HB 2505) has officially taken effect and will be enforced starting July 1. Under the new regulations, installing or operating a "virtual currency kiosk" (i.e., a Bitcoin ATM) will be classified as a Class A misdemeanor, punishable by up to one year in jail and a fine of $2,500. Additionally, merchants who allow such machines on their premises will also face legal liability.
Currently, most U.S. states have strengthened oversight through measures such as licensing systems and transaction limits, but full bans remain rare. Data indicates that since 2026, 30 states have proposed related legislation, with 20 having passed laws, reflecting a continuous tightening of regulations around crypto ATM fraud risks.
12:43
Svmuu reported that Spark announced on X platform that its financial report for the first quarter of 2026 has been released. The report shows total protocol revenue of $31.5 million, net protocol revenue of $6.91 million, and net protocol surplus of $3.46 million. Currently, the Spark Protocol treasury stands at $46.1 million, with $986,000 worth of SPK tokens repurchased. Due to narrowing lending spreads and the expanded scale of savings demand, distribution has surpassed the Spark Liquidity Layer as the primary revenue driver for the first time.
12:11
Svmuu reported that OKX market数据显示,Ape briefly broke through $0.183 and is currently trading at $0.1765, up over 77% in the last 24 hours.
12:07
U.S. Treasury Secretary Scott Bessent stated that the Treasury Department is sanctioning multiple wallets linked to Iran, aiming to track and disrupt all financial lifelines connected to the regime. Tether previously announced it had assisted the U.S. government in freezing cryptocurrencies valued at $344 million across two addresses. Data from Chainalysis indicates that the activity patterns of these wallets are consistent with the on-chain fund flows of wallets associated with the Islamic Revolutionary Guard Corps. U.S. officials revealed that blockchain analysis found the relevant funds were transacted through intermediary addresses linked to wallets connected to the Central Bank of Iran, in an effort to evade sanctions and facilitate international trade. Iran's cryptocurrency holdings reached $7.8 billion in 2025, with the Islamic Revolutionary Guard Corps' holdings accounting for approximately 50% of the total in the fourth quarter of last year.
11:54
Svmuu: Market sources report that Google plans to invest up to $40 billion in Anthropic.
Alphabet (GOOGL.O) shares rose to session highs. (Jin10)
11:52
Svmuu reported According to Onchain Lens monitoring, the Balancer attacker (0xa6d6...BDaA) exchanged 13,191 ETH for 386.52 BTC, worth $30.54 million, over the past 15 hours. The attacker currently still holds 8,000 ETH, valued at $18.52 million.
11:47
Svmuu: Market sources report that President Trump will send Witkoff and Kushner to Pakistan for peace talks with Iran's Foreign Minister.
11:33
According to Svmuu, after the financial outlook of chip manufacturer Intel showed a recovery in sales, the value of the U.S. government's shares in Intel (INTC.O) surged by 300%, reaching approximately $36 billion. Since the investment was announced by Intel and the U.S. government in August last year, the book return has amounted to nearly $27 billion. The company's CEO, through a charm offensive, won the support of the White House and mended relations with President Trump, ultimately securing this extraordinary investment. (Jinshi)
11:27
Svmuu, Jane Street Group's trading revenue reached $39.6 billion last year, setting a record on Wall Street. The company reported revenue of $15.5 billion in the fourth quarter of last year. With only 3,500 employees, Jane Street's annual trading revenue surpassed global investment banks such as JPMorgan Chase, exceeding its closest competitor JPMorgan by 11%.

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