Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

May 4 — Video game retailer GameStop has made a voluntary proposal to acquire U.S. online marketplace eBay for approximately $56 billion, The Wall Street Journal reported. GameStop CEO Ryan Cohen noted the company currently holds about 5% of eBay’s shares and is offering a cash-and-stock deal valued at $125 per share — a roughly 20% premium over eBay’s closing price last Friday. If eBay rejects the proposal, Cohen said he is prepared to launch a proxy contest and bring the proposal directly to eBay’s shareholders.

On May 4th, per Onchain Lens monitoring, a new address deposited $1 million into Hyperliquid and opened a 10x long position on WTI crude oil.

U.S. Treasury Secretary Yellen said on May 4 that economic and financial pressure from the United States is choking Iran, hinting the Tehran regime could be forced to compromise. “Over the past 12 months, we’ve been running a marathon—and now we’re racing toward the finish line,” Yellen told Fox News in a Sunday interview. “Iran cannot pay its soldiers. This is a real economic blockade.” She added that oil storage facilities are filling up rapidly, so Iran may start shutting down oil wells as soon as next week.

**May 4th Brief** U.S.-Iran talks have shifted from a "war of words" to substantive text exchanges in the past 24 hours, though significant differences persist. Iran’s 14-point proposal—delivered to the U.S. via Pakistan—outlines a three-phase plan: a full ceasefire within 30 days, lifting port blockades, synchronized Strait of Hormuz opening, and nuclear activity arrangements. The U.S. has formally responded to the proposal through Pakistan. Trump stated U.S.-Iran dialogue is currently "productive" and will launch efforts to guide stranded ships out of the Strait of Hormuz. Meanwhile, Israel has taken a hardline stance: ministers issued a gag order and ramped up military preparedness. This morning, Bitcoin and oil saw sharp volatility: - Oil opened lower but surged after major traditional markets opened; WTI crude now trades at $102.1. - Bitcoin moved opposite to oil: it briefly topped $79,000 this morning before a quick pullback, currently at $78,509.70. Overall

On May 4: Per Onchain Lens data, a whale dormant for two years deposited 141.26 BTC—valued at $11.16 million—into crypto exchange Kraken.

On May 4, U.S. Central Command (CENTCOM) announced the military will launch support for **Operation Freedom** that day, aiming to restore freedom of navigation for commercial vessels transiting the Strait of Hormuz. The President-ordered mission seeks to enable safe transit for ships through this critical international trade route. Roughly one-quarter of the world’s seaborne oil trade—plus significant volumes of fuel and fertilizer—moves through the strait. CENTCOM Commander General Frank McKenzie noted: “Support for this defensive mission is critical to regional security and global economic stability as we uphold maritime security in the area.” Last week, the U.S. State Department and Department of Defense (DoD) unveiled a new initiative to boost coordination and information sharing among international partners for strait maritime security. The **Maritime Freedom Initiative** aligns diplomatic efforts with military coordination, a key pillar of Operation Freedom. U.S. militar