Pre-market Trading: S&P 500 Futures Up 0.14%, Crypto-Related Stocks Show Broad Gains

PolyBeats Bot tracking shows MoonPay has launched the **MoonAgents Card**—a Mastercard-powered stablecoin debit card built specifically for AI agents. The virtual card lets users spend directly from an on-chain self-custody wallet, with no preloading of funds or off-chain asset transfers required. Powered by Monavate (in collaboration with Exodus Wallet), the card enables real-time stablecoin-to-fiat conversion for global online merchant payments via the Mastercard network. If a transaction fails, funds are immediately returned to the wallet—and wallet custody remains unchanged at all times. MoonPay’s CEO noted this solves a key pain point: AI agents previously couldn’t transact with merchants. The card is now available in the UK and Latin America via the MoonPay CLI, with U.S. and EU launches coming soon (pending KYC completion). This move taps into the expected trend of AI agents increasingly using crypto for transactions down the line.

On May 1st, Ethereum has climbed back above the $2,300 mark, posting a 1.4% gain over the past 24 hours, per HTX market data.

On May 1, Middle East sources report Iran submitted its response to the U.S. on the latest amendment to the war-ending agreement via a Pakistani intermediary Thursday local time. Per PolyBeats monitoring, probabilities for a U.S.-Iran Permanent Peace Deal on the prediction market Polymarket stand at 7% by May 15, 19% by May 31, and 37% by June 30.

**Tether Q1 2025 Report: Robust Profitability Amid Global Volatility** On May 1, Tether—issuer of the stablecoin USDT—released its Q1 2025 financial report, showing strong profitability despite elevated global market volatility. As of March 31, 2025 (note: original reference to 2026 appears to be a typo, aligning with Q1 2025 reporting), key metrics included: - Net profit: ~$1.04 billion - Total assets: ~$191.768 billion - Total liabilities: ~$183.536 billion - USDT issuance-related liabilities: ~$183.438 billion Tether’s asset reserves hit a record $8.232 billion, marking a significant jump from the prior period. USDT circulation remained stable at a massive ~$183 billion. Reserves consist primarily of highly liquid, high-quality assets: - ~$141 billion in direct/indirect U.S. Treasury holdings (core position, making Tether the 17th largest global holder of U.S. Treasuries) - ~$20 billion in physical gold - ~$7 billion in Bitcoin, with additional BTC accumula

On May 1, Mantle Network announced that its proposed loan facility for the rsETH Relief Coordination Action (targeting Aave) has officially entered the governance voting stage. Per the proposal, Mantle will extend a loan to Aave’s relief initiative to help users exit positions in an orderly manner or address related issues. Currently, MNT token holders must delegate their votes on the Snapshot platform to participate in the vote. Aave founder Stani noted that DeFi United is the largest-scale DAO coordination he’s been part of, with at least six different DAOs (Arbitrum, Aave, EtherFi, Lido, Compound, and Mantle) putting forward governance solutions. He thanked everyone who helped or participated. The ongoing DeFi United ecosystem relief effort—launched by Aave to address the collateral shortfall from the April 18 rsETH event—continues to progress. The designated donation address has raised a cumulative 1,137,714.633 ETH, worth approximately $3.1457 billion.

Per monitoring from On the Beat AI, the U.S. Department of Defense has inked agreements with seven AI-focused companies: SpaceX, OpenAI, Google, NVIDIA, Reflection, Microsoft, and Amazon Web Services (AWS). The Pentagon noted these deals will accelerate the U.S. military’s transformation, help build an “AI-dominant” fighting force, and boost its ability to maintain decision-making superiority across all warfighting domains.