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4/30

22:03

North Korean hackers spent months meeting Drift Protocol employees in person before stealing $285 million

Svmuureported that North Korean spies spent months conducting multiple in-person meetings with Drift Protocol employees before executing one of the largest social engineering attacks against a crypto protocol, stealing $285 million. According to TRM Labs data, losses attributed to North Korean hackers accounted for 76% of total crypto hack losses in 2026. (CoinDesk)

22:00

Iran’s Foreign Ministry: Expecting Rapid Results from US-Iran Talks Is Unrealistic

SvmuuNews: Iran’s Foreign Ministry Spokesperson Baghaei stated that expecting swift results from negotiations between Iran and the United States is unrealistic. Baghaei noted that over the 47 years since the victory of the Islamic Revolution, Iran has accumulated deep mistrust and suspicion towards US actions.
He emphasized that one should not expect negotiations to yield results in a short period of time, “after all, this has been an extremely bloody war.” He pointed out that the US and Israel have been “extremely brutal,” as evidenced by the conflicts in Gaza and Lebanon over the past two and a half years.
Baghaei said: “Under such circumstances, regardless of who the mediator is, expecting an agreement to be reached quickly is unrealistic.” (CCTV)

17:52

U.S. Crypto Market Structure Bill Set to Move Forward; Ethical Concerns Emerge as Key Issue

Svmuu News: The legislative process for U.S. crypto market regulation is accelerating, with Congress pushing for the bill to enter the markup phase as early as mid-May. However, uncertainties surrounding ethical issues and Donald Trump’s ties to the crypto industry continue to cast doubt on the path forward. Senator Thom Tillis, one of the bill’s primary proponents, stated that he has asked Senate Banking Committee Chairman Tim Scott to schedule hearings and move forward with the amendment and voting process, while also hoping to release a new version of the bill prior to the markup. However, Tillis emphasized that he would oppose the bill’s passage if it does not include explicit ethics provisions. With the midterm elections approaching, these ethics issues are expected to become a key focus for Democrats.

17:51

Trump: Doesn’t care whether Powell remains as a Fed governor

Svmuu reported that U.S. President Trump stated he doesn't care even if Powell stays on as a Fed governor after his term as Fed Chair ends. Powell’s term as Fed Chair ends on May 15, but his term as a governor does not expire until 2028. He has indicated his intention to "continue serving as a governor for an unspecified period." Meanwhile, Kevin Warsh is expected to secure full Senate approval before Powell’s term ends, and Powell’s continued presence could complicate Trump’s efforts to reshape the Fed. When asked whether he plans to take any action regarding Powell’s decision to remain as a governor, Trump replied, "No, I don't care if he stays. I just want to make sure Kevin can take that position."

17:50

Arbitrum DAO Launches Vote to Release 30,766 ETH for Kelp Attack Aftermath

Svmuu News: Arbitrum DAO has initiated a governance vote to release the previously frozen 30,766 ETH to support DeFi United, a recovery plan following the Kelp DAO attack.
These assets, worth approximately $71.1 million, were frozen by the Arbitrum Security Council on April 20. They were originally funds transferred to the Arbitrum network by the attacker. If the proposal passes, it will become the largest single source of funding for the DeFi United plan.
In the early stage of voting, 16.9 million ARB have already been cast in support. Currently, there are no opposing votes. The voting is set to continue until May 7.

17:47

U.S. Senate Bans Lawmakers from Participating in Prediction Market Trading

Svmuu News The U.S. Senate has unanimously passed a resolution (S. Res. 708) prohibiting senators from participating in prediction market trading, effective immediately. The proposal, introduced by Bernie Moreno, aims to curb speculative trading using non-public information.
Several recent related incidents have drawn regulatory attention, including cases where individuals profited from prediction markets using confidential information. Meanwhile, platforms such as Kalshi and Polymarket are also strengthening internal controls to prevent insider trading.
At the state level, New York and Illinois have also implemented similar measures, restricting public officials from using non-public information to participate in prediction markets.

17:42

Data: USDT0 users are predominantly small holders, with over 99% holding less than $1,000

According to the latest data from the omnichain stablecoin USDT0, its user base is primarily retail: approximately 99.2% of holders have wallet balances under $1,000, only about 1,200 addresses hold between $100,000 and $1 million, and just 35 addresses hold over $10 million.
The report notes that the main use case for USDT0 is small-value cross-chain transfers, with active users primarily engaged in daily transactions rather than large fund flows. However, in terms of transaction volume, single transfers exceeding $1 million still account for approximately 68.8% of the total transfer volume.
USDT0 was launched by Everdawn Labs and is supported by LayerZero and Tether, pegged 1:1 to USDT. It has currently expanded to 23 chains, with a total transaction volume of $86.7 billion, becoming the third-largest holder of USDT, trailing only Binance and OKX. (The Block)

15:56

US President Trump: Doesn't care whether Powell remains at the Federal Reserve

Svmuu: US President Trump said he doesn't care whether Powell stays at the Federal Reserve and will not take action. (Jin10)

15:55

特朗普 says he may need to break the Iran ceasefire agreement

SvmuuNews: US President Trump commented on the status of negotiations with Iran, but he did not rule out the possibility that hostile actions could continue. Responding to a reporter's question about whether he was "eager to break the ceasefire agreement," Trump stated that due to Tehran's "stubborn" stance, there are many problems in the negotiations with Iran, because "no one knows who their leader is." Returning to the original question, he concluded: "I don't know if we need to do that"; but then added: "We may indeed need to." Trump also said that blocking the Strait of Hormuz is "incredible" and claimed that Washington "destroyed" Iran's nuclear capabilities. (Jinshi)

15:14

President Trump: Iran is eager to reach a deal; Iran cannot possess nuclear weapons

Svmuu: US President Trump stated that Iran is eager to reach an agreement. Iran cannot possess nuclear weapons. (Jin10)

12:49

U.S. AI Child Safety Bill Gains Support from Senate Panel; Tech Giants to Be Affected

Svmuu reported that a powerful committee in the U.S. Senate has backed legislation requiring OpenAI, Meta Platforms (META.O), and other artificial intelligence companies to prevent minors from using AI chatbots. This move responds to growing public concern over the potential harms this rapidly spreading technology may pose to children and adolescents. In the deeply ideologically divided Senate Judiciary Committee, Republicans and Democrats broke party lines to unanimously support the bill. The legislation would require AI companies to maintain strict age verification systems, prohibit the provision of AI companionship services to minors, and ban chatbots from pushing harmful information to underage users. (Jinshi)

12:30

Ethereum Protocol Fellowship Cohort 7 Applications Now Open, Deadline May 13

Svmuu reports that the Ethereum Protocol Support Team has announced the launch of Ethereum Protocol Fellowship Cohort 7 (EPF7). The application channel is now open, with a deadline of May 13th.
This program is designed to cultivate engineers capable of participating in Ethereum core protocol development, focusing on the network's core attributes including censorship resistance, open-source nature, privacy, and security. Key areas of focus include client implementations, protocol specifications, testing, and cutting-edge research.
EPF7 will adopt a "small-scale, high-density" model, reducing participant numbers to enhance the depth of mentorship and the quality of project contributions, while strengthening collaboration opportunities with the core development team. The project runs from June to November. Selected participants will receive mentorship support from the Ethereum core developer community. Some participants will also receive monthly grants to focus on protocol development work. The program goals include nurturing long-term contributors for the Ethereum core research and development team, and driving participants towards producing substantive results in client development and protocol research.
It is reported that the EPF team will host an online information session on May 6th at 15:00 UTC to further introduce project details and answer application-related questions.

12:26

Syndicate Labs Suffers Private Key Leak Attack, Cross-Chain Bridge Maliciously Upgraded Resulting in Approximately 18.5 Million SYND Transferred

Svmuu reports that Syndicate Labs disclosed a security incident: an attacker compromised the system through a private key leak and maliciously upgraded the cross-chain bridge contracts on two chains, leading to the transfer of approximately 18.5 million SYND and about $50,000 in user assets. The attack originated from a compromised development endpoint. The attacker exploited production environment permissions to upgrade the bridge contracts to a malicious version, but other chains were unaffected. The losses include:
Commons Bridge: Approximately 18.5 million SYND were transferred and sold, worth roughly $330,000.
Another Appchain: Approximately $50,000 in user assets were transferred.
Syndicate Labs stated that affected SYND holders will receive full compensation, along with additional excess compensation, leaving their overall holdings higher than before the incident. Affected users on the Appchain will also be fully reimbursed for their losses.

12:05

Trump family-backed drone company Powerus signs weapons procurement agreement with the U.S.

Svmuu reported that the U.S. Air Force has agreed to purchase an undisclosed number of interceptor drones from a company backed by the son of President Trump. As the war between the U.S. and Iran enters its third month, this move deepens the ties between the U.S. military and defense contractors associated with the Trump family. Powerus co-founder Veljkovic stated that the company will sell these drones to the Pentagon following a demonstration in Arizona. This is Powerus' first contract to sell such weapons to the U.S. military. The company declined to disclose the terms or scale of the deal, but such transactions are common when the military evaluates new weapon systems. This move aligns with the U.S. strategy of using low-cost interceptor drones, rather than expensive missiles, to counter Iranian attack drones. Reports indicate that the U.S. military has already deployed 10,000 AI-equipped Merops interceptor drones, developed in Ukraine, to the Middle East.

12:01

Benchmark refutes "circular financing" allegations: Strategy STRC bitcoin model is not a Ponzi structure

Svmuu reported that market分歧 has widened regarding Strategy's financing model of continuously accumulating Bitcoin through its preferred stock STRC. Benchmark analyst Mark Palmer stated in his latest report that the interpretation of the STRC model as a "circular financing or Ponzi structure" is a "serious misreading" and emphasized that the mechanism is an "intentionally designed and sustainable capital framework," with the core logic being to convert market demand for yield into long-term Bitcoin exposure.
According to an SEC 8-K filing, Strategy raised approximately $3.5 billion in the first three weeks of April, with over 85% coming from STRC issuance. Subsequently, it made three consecutive purchases within the following three weeks, acquiring a total of 51,364 Bitcoins worth approximately $3.9 billion. Strategy's total Bitcoin holdings have now increased to 818,334 BTC, with a market value of around $62.5 billion, and it has recently returned to an unrealized profit of about $700 million.
Benchmark believes that this structure does not rely on continuous issuance to sustain itself and could even sell a portion of its Bitcoin to pay preferred stock dividends if necessary. However, significant market skepticism remains, with some arguing that selling financed assets to pay dividends could be perceived as a risk signal, potentially triggering broader market pressure. (The Block)

11:51

Musk says "most cryptocurrencies are scams" during OpenAI trial testimony, drawing market attention once again

Svmuu reported that during his trial testimony against OpenAI, Elon Musk stated, “Some cryptocurrency has value, but most of it is a scam.” The remarks came during cross-examination at the Oakland, California court, where the case involved OpenAI’s early consideration of raising funds through an ICO (Initial Coin Offering).
According to reports, Musk’s response to relevant questions during the trial pointed to widespread speculation and fraudulent activities in the crypto asset space, drawing market attention.
Notably, Musk’s stance on the crypto market has long shown significant volatility: during the 2021 bull market, he pushed Tesla to purchase approximately $1.5 billion worth of Bitcoin and publicly mentioned Dogecoin on multiple occasions, driving substantial price surges for related assets. However, Tesla reduced its Bitcoin holdings by 75% in 2022 and booked an impairment loss of approximately $222 million on its remaining holdings in the first quarter of 2026. According to the latest financial report, it still holds approximately 11,509 Bitcoins, with a book value of around $786 million. (Fortune)

11:42

Iranian President: Iran Has Completely Lost Trust in the United States

Svmuu News: Iranian President Pezeshkian stated during a phone call with Belarusian President Lukashenko that Iran has completely lost trust in the United States. Pezeshkian said in the call that resolving differences through dialogue and diplomatic efforts has always been a priority. However, during previous negotiation processes, the United States and Israel attacked Iran twice. Similar actions may occur again, which has led Iran to completely lose trust in the United States. (Xinhua News Agency)

11:38

Bubblemaps: 8,360 Addresses Received MEGA Token Airdrop, 40% Have Sold All

Svmuu reports that blockchain analytics platform Bubblemaps has released the latest data on X platform, showing that the MEGA airdrop covered a total of 8,360 wallet addresses. The distribution is as follows:
50% of wallets still hold all of their airdropped tokens
40% have sold all
10% have partially reduced their holdings
The current fully diluted valuation (FDV) of MEGA is approximately $1.7 billion.

11:24

Democratic members of the U.S. Senate Armed Services Committee have criticized Donald Trump for a lack of consistency in its war strategy

Svmuu: Democratic Senator on the Senate Armed Services Committee criticizes Trump for lack of consistency in war strategy. The top Democrat on the Senate Armed Services Committee stated that Trump has no coherent strategy on war, that the United States' strategic position is worse than before the outbreak of war, and that the Iranian regime has always posed a threat to American interests. (Jinshi)

11:20

Kelp Contributes 2,000 ETH to DeFi United Recovery Fund to Advance rsETH System Restoration

Svmuu reported that Kelp has fulfilled its committed contribution to the "DeFi United" recovery fund, injecting a total of 2,000 ETH to drive the restoration of rsETH collateral assets and normalize the system.
Kelp stated that this contribution is a one-time injection, directly aimed at restoring the nominal exchange ratio between rsETH and the underlying assets, and supporting the comprehensive repair of the entire system. This includes recapitalizing bridge vaults, restoring oracle functionality, and bridging funding gaps in affected markets. Kelp added that prior to the public announcement, it had already committed that rsETH holders would not suffer losses and emphasized that this action is a direct reflection of fulfilling that promise. As funds from various parties gradually become available, the rsETH collateral structure will be restored to normal operation in phases.

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