Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

On May 5th, on-chain analyst Auntie Ai (@ai_9684xtpa) reported that the whale wallet “Targeting 10 Big Goals First” executed a long-short strategy over two days, netting over $8 million in profits. On May 4th, the whale opened a short position of 2448.2 BTC at $79,903.19 (valued at ~$195 million), then entered a long position at $78,848.05. On May 5th, it closed the Bitcoin long position at $81,300, with an estimated holding of ~2543 BTC (valued at ~$200 million). The long position yielded an estimated profit of $6.23 million.

As of May 5, per Polymarket data, the probability the CLARITY Act will be signed into law in 2026 has risen to 70%—a 24 percentage point jump from May 1. As previously reported, the CLARITY Act’s stablecoin yield rule has been finalized: crypto firms are barred from paying customers “any form of interest or yield” solely for holding a stablecoin (similar to a bank deposit or other interest-bearing product). However, firms may offer rewards tied to “actual activities.” The release of these new terms has likely brought the legislation one step closer to becoming law.

May 5 — Whale trader “Perfect 10 Goals First” (@Jason60704294) said he closed a long Bitcoin position at $81,300. Earlier, he shared a trading screenshot on social media that showed the same long position with a profit topping $5.21 million.

**Crypto ISAC, Ripple Announce North Korean Hacker Threat Intel Sharing** On Monday, Ripple and cryptocurrency industry threat intelligence group Crypto ISAC announced that Ripple is now sharing internal data on North Korean threat actors with other sector members—a move that has reshaped how the industry responds to the hackers’ evolving tactics. In a recent Drift incident, no smart contract vulnerabilities were exploited. Instead, North Korean hackers spent months ingratiating themselves to a Drift contributor, implanted malware on their device, and exfiltrated private keys. When $285 million was transferred, none of the systems designed to detect anomalous activity flagged the breach. This shift marks a departure from the 2022–2024 DeFi hacking spree, where attackers drained protocols within minutes by exploiting smart contract code flaws. As security measures tightened, the hackers pivoted from technical attacks to social engineering: applying for crypto company jobs, cond

On May 5, official sources confirm the Aftermath team has launched a claims portal for affected users. Additionally, for any inquiries, reach out to the Aftermath team via Discord or X DMs.

**May 5 Update: Grayscale Says Quantum Computing Not Behind Recent Bitcoin Drop** Grayscale issued a statement on May 5 noting that while advanced quantum computers pose a long-term threat to traditional cryptography—and support major blockchains ramping up quantum-resistant upgrades—this is not the primary driver of Bitcoin’s recent price decline. The firm observed Bitcoin has moved in lockstep with publicly traded quantum computing companies over the past few months. If quantum breakthroughs were pressuring Bitcoin, quantum firm stocks should be rising—but the opposite is true. Moreover, Bitcoin and quantum computing stocks’ declines since last October mainly reflect market concerns that AI is triggering de-risking of growth assets. Though Bitcoin’s recent stronger correlation with cutting-edge tech assets like quantum computing has boosted investor sentiment, it has not eroded Bitcoin’s store-of-value role in diversified portfolios. Investors don’t need to wait for block