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5/3
06:01
Svmuu: Iran's Revolutionary Guard stated, "Trump must choose between an impossible military operation or reaching a bad deal with Iran. The United States' room for decision-making has narrowed." (Jin Shi)
06:00
Svmuu: A very large crude carrier (VLCC) belonging to the National Iranian Tanker Company has broken through the surveillance blockade of an "extraterritorial naval fleet," carrying over 1.9 million barrels of crude oil. The report states this demonstrates Iran's capabilities in energy supply chain management and shipping strategies to evade US Navy surveillance, once again proving Iran's operational expertise in ensuring the security of energy transportation. (Xinhua News Agency)
05:54
U.S. CFTC Chairman Moves to Limit State-Level Regulatory Intervention in Prediction Markets
SvmuuNews: U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig announced that the agency is pushing to limit state-level intervention in prediction markets, aiming to prevent state regulatory measures from hindering or even stifling the industry's development.
Sources indicate that Michael Selig, a sports fan himself with his office decorated with extensive sports memorabilia, has long shown interest in sports prediction markets. Since taking office several months ago, he has swiftly initiated related efforts to create a more lenient federal regulatory environment for prediction markets, enabling more U.S. users to participate in trading predictions on sports events and other outcomes. (The Information)
05:31
SvmuuPaperImperium, the head of MegaETH, disclosed on X platform that documents from the U.S. District Court for the Southern District of New York show that a U.S. court has issued an injunction against the Arbitrum DAO, prohibiting it from transferring approximately $71 million in ETH assets that were previously frozen during the KelpDAO hacking incident. In response, on-chain detective ZachXBT posted on X platform, stating that certain U.S. law firms are using his investigative work and on-chain forensics to help victims of some hacking incidents file legal claims. However, this practice may actually slow down or hinder victims from receiving compensation or recovering funds.
ZachXBT added that in previous hacking incidents involving the Lazarus Group, such law firms often stepped in after on-chain fund tracking or freezing was completed, proposing subsequent legal actions that were weakly related to the crypto incidents themselves. Similar "free-riding claims" strategies were used in events like Harmony and Bybit. He called on the crypto community to establish a DAO to resist such practices.
05:31
Svmuu News: MegaETH lead PaperImperium disclosed on X platform a court document from the U.S. District Court for the Southern District of New York, showing that a U.S. court has issued an injunction against the Arbitrum DAO, prohibiting it from transferring approximately $71 million worth of ETH assets that were previously frozen in the KelpDAO hacking incident. The plaintiffs are attempting to use these funds to enforce outstanding judgment compensation in cases related to North Korea's involvement in terrorism, kidnapping, and other matters spanning several years. They have also filed a motion to serve legal notice to the Arbitrum DAO via alternative means, treating it as an accountable "partnership."
The court document further notes that the Arbitrum DAO has a Security Council governed by ARB holders, which has the authority to take action in emergencies. As a result, relevant members who refuse to comply may face legal consequences such as contempt of court. Market observers believe that this case could set an important precedent for the U.S. judicial system to directly constrain DAO governance structures, further highlighting the compliance pressure faced by DeFi protocols under real-world legal frameworks.
05:16
Svmuu reported that the Ethereum Foundation has published a summary of its Soldøgn Interop work, having essentially completed the key objectives of the Glamsterdam upgrade. These achievements include reaching consensus on a 200 million Gas Limit floor post-upgrade, achieving stable operation of the external Builder process for ePBS, and finalizing the parameters for the EIP-8037 Gas repricing. The focus of the Glamsterdam upgrade is to safely increase the Gas Limit to expand Ethereum's throughput capacity, while EIP-8037 aims to prevent the unlimited expansion of the state caused by a high Gas Limit by increasing the cost of state creation.
The Ethereum Foundation also stated that most clients have achieved stable operation on the glamsterdam-devnet-2 network and have successfully tested the full external Builder workflow. Furthermore, substantial progress has been made on FOCIL, native account abstraction, and features related to the Hegotá upgrade. In the coming weeks, core developers will continue to advance client hardening, test completion, and code merging, with the final parameters still to be publicly confirmed at the AllCoreDevs meeting.
05:03
Svmuu News: Galaxy Research Director Alex Thorn posted on X platform, stating that after in-depth discussions with multiple Bitcoin industry figures on the topic of quantum computing and Bitcoin, he believes that the market is gradually forming a consensus:
First, the approximately 1.1 million BTC held by Satoshi Nakamoto (distributed across about 22,000 P2PK addresses) should not be arbitrarily moved. Violating property rights to address quantum risks could undermine Bitcoin’s core value proposition. Even in extreme scenarios where these BTC are transferred, the market has strong absorption capacity, and risks can be further mitigated through solutions such as “Hourglass.”
Second, advancing research, testing, and signature compression of new cryptographic technologies like quantum-resistant (PQ) cryptography for Bitcoin is a positive direction. Contingency plans can be prepared in advance. However, prematurely pushing for protocol-layer implementation should be avoided to prevent consensus deadlock or the introduction of new, unverified risks. Even if there is only a 1% chance that quantum threats will impact Bitcoin, sustained research investment is worthwhile.
04:55
Svmuu reported, citing market sources: The draft statement from OPEC+ indicates that the group plans to raise its oil production target by 188,000 barrels per day starting in June. (Jin10)
04:42
Svmuu reported that Wasabi Protocol posted a security incident update on platform X, stating that users can now safely interact with the protocol's contracts to withdraw their remaining funds. The team said they are working diligently behind the scenes to advance related processing efforts. However, as the investigation is still ongoing, they are unable to disclose further details at this time. Updates will be shared with the community as soon as circumstances permit.
04:31
Svmuu News: 10x Research founder Markus Thielen posted on X platform that Bitcoin has now risen above the 7-day and 30-day moving averages, with short-term and medium-term trends remaining bullish. It has gained 1.1% in the past week. News of continued institutional buying and ongoing accumulation by large corporate treasuries has further boosted market confidence. However, influenced by the historical pattern of "buy the rumor, sell the news," the market subsequently experienced a brief consolidation.
Markus Thielen analyzed that hints from White House advisors about an upcoming major announcement regarding national strategic reserves have also strengthened bullish market sentiment. With Bitcoin's dominance rate remaining above 60%, some altcoins are quietly forming a bottom driven by fundamental catalysts. Projects related to privacy coins and RWA infrastructure are particularly worth paying close attention to.
04:27
Svmuureports that Barry Silbert, founder of the Digital Currency Group (DCG), the parent company of Grayscale, stated in a post on the X platform that in 2015, the market had yet to realize the existence of a $2 trillion global demand for decentralized digital value storage tools like Bitcoin. At the time, the industry generally believed that Bitcoin itself was sufficiently private to serve as a relatively private global store of value and transfer tool. Now, as market awareness increases and privacy needs are more clearly identified, privacy coins like Zcash will benefit from this 'prophet advantage.'
04:12
Svmuu News: South Korean financial giant KB Financial Group has announced a strategic partnership with U.S. crypto venture capital firm Pantera Capital, aiming to expand its digital asset strategy, enhance its blockchain financial competitiveness, and accelerate the development of new businesses. Previously, KB Financial had signed a memorandum of understanding with the Bank of Korea regarding the "Project Han River" and also established a partnership with stablecoin issuer Circle. (Koreaherald)
04:10
Svmuu reported that UnblockPay, a stablecoin financial services platform, announced the completion of a $4.5 million seed funding round. Prelude led the round, with participation from Plug and Play, Wintermute, Reverie, Signature Ventures, Triaxis Capital, Crescera Capital, and a group of angel investors. The new funds will be used to build regulated financial products that help enterprises integrate stablecoins into their financial operations, and to support seamless conversion between fiat currencies and mainstream stablecoins such as USDC and USDT. (Financialit)
04:04
Svmuu News According to the voting results of the dYdX Foundation governance proposal, the markets for four trading pairs—AKT-USD, GNO-USD, MNRY-USD, and MOG-USD—have been approved for delisting. A total of 16 out of 31 active validators and 124 accounts participated in this governance vote, with an overall voter turnout of 46.86%. Among the votes, 90.96% supported the delisting proposal, 0% opposed it, and 9.04% abstained. The proposal ultimately passed successfully.
04:04
New York Attorney General Letitia James announced that crypto platform Uphold has been ordered to pay over $5 million in restitution to affected users for promoting CredEarn, a fraudulent crypto savings product. The investigation revealed that between January 2019 and October 2020, Uphold marketed CredEarn, offered by Cred LLC, as a "safe and secure" high-yield savings product, promising users it was "fully insured." However, Uphold failed to disclose that the returns actually came from issuing high-risk, small-dollar loans to low-income gamers in China, and that no such insurance coverage existed.
The New York Attorney General’s office further noted that Uphold did not obtain the necessary broker or commodity broker-dealer registrations while promoting the product. After Cred filed for bankruptcy in 2020, many users suffered losses. Under the settlement, Uphold will directly pay $5 million in restitution to harmed users. Additionally, any future funds Uphold recovers from Cred’s bankruptcy proceedings, totaling $545,000, will also be returned in full to the affected investors. (ny.gov)
04:01
Svmuu reported that a crypto KOL posted on X platform, stating that the top address on the Bitcoin rich list, associated with Binance, is a wallet address starting with "3" and holds over 200,000 BTC. The KOL questioned the security of Binance concentrating such a large amount of Bitcoin in a single address, expressing concerns about the risk of private key collision cracking. In response, CZ said: "An address starting with 3 should be multi-sig, right? You'd need to collide more than 3 private keys? Trust the math."
Analysts believe the address likely employs a multi-signature mechanism. Even if a private key collision is theoretically possible, the actual difficulty of cracking it is extremely high.
03:15
Svmuu reported on May 3 that Mojtaba Zarei, a member of the Iranian Parliament's National Security and Foreign Policy Commission, disclosed new details of the Islamabad talks on social media. Zarei stated that the basis of the Islamabad negotiations was the permission of Iran's Supreme Leader. In addition to obtaining permission to negotiate, the content of the talks must also fall within the framework authorized by the Supreme Leader: When the US side sought to discuss nuclear technology issues, they were informed that the Supreme Leader had prohibited the delegation from discussing technical details on this matter; from now on, decisions on this issue will be made entirely by the Supreme Leader. Furthermore, the head of the Atomic Energy Organization of Iran has been banned from joining the negotiation team. (CCTV News)
02:46
Svmuureports that BlackRock has submitted a comment letter to the Office of the Comptroller of the Currency (OCC), opposing the reserve asset restrictions proposed in its draft rules implementing the GENIUS Act. In the comment letter, the firm specifically targets the rules for "permitted payment stablecoin issuers," calling for no quantitative cap on tokenized reserve assets.
BlackRock stated that the proposed restrictions are unrelated to regulatory objectives, and the risk of reserve assets should be determined by their credit quality, duration, and liquidity rather than whether they are held or transferred on a distributed ledger. This comment letter was submitted in response to multiple rule proposals from the OCC covering reserve composition, capital requirements, custody, and other related matters. (The Block)
02:25
Svmuu reported that Iraq's border crossing management department stated on the 2nd that 70 oil tankers loaded with crude oil entered Syria from Iraq via the Rabia crossing that day. This marks Iraq's reactivation of this land oil transport route after 13 years. Located in Nineveh Governorate in northwestern Iraq, the Rabia crossing had been largely closed since the outbreak of the Syrian civil war in 2011 and only reopened this April. The crossing is not far from the oil fields in Mosul and Kirkuk in northern Iraq.
02:11
Svmuu News: On May 3, local time, the Chairman of the Iranian Parliament's Civil Committee stated that, according to parliament's plan for managing the Strait of Hormuz, all traffic through the Strait must obtain permission from Iran, and any goods belonging to Israel have no right to pass under any circumstances. Hostile countries at war with Iran are not allowed to pass through the Strait of Hormuz until they compensate for damages. (CCTV News)

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