A whale that has been dormant for two years deposits 141.26 Bitcoins into Kraken

As of May 4, per data from trade.xyz’s official website, the position limit for its first pre-IPO perpetual contract tied to Cerebras Systems has been raised to $10 million. As of press time, the contract’s current open interest stands at $4.26 million, with 24-hour trading volume hitting $2.52 million. Per trade.xyz documentation, if Cerebras Systems (ticker: CBRS) lists on Nasdaq before May 30, the trading pair will convert to a standard perpetual contract. If not, it will be settled based on TWAP. Cerebras Systems is an AI chip and supercomputing firm planning to go public on Nasdaq in mid-May under the ticker CBRS. Its core AI chip tech—the Wafer-Scale Engine (WSE)—treats an entire 300mm silicon wafer as a single processor, rather than slicing it into smaller chips.

May 4 US-Iran talks saw positive de-escalation over the weekend, though the US, Israel, and Iran remain prepared for potential conflict. With Trump launching “Operation Liberty,” the Strait of Hormuz control power struggle is set for a major turning point this week. Markets will stay on edge as peace talks and war risks hang in the balance. On the macro front, traders will focus on key US labor data next week, led by Friday’s nonfarm payrolls report. Key releases (ET): - Wednesday 8:15 PM: US April ADP Employment Change - Thursday 7:30 PM: US April Challenger Job Cuts - Thursday 11:00 PM: US April New York Fed 1-Year Inflation Expectations - Friday 8:30 PM: US April Unemployment Rate, Nonfarm Payrolls, Average Hourly Earnings (YoY/MoM) - Friday 10:00 PM: US May 1-Year Inflation Expectations (Preliminary), US May University of Michigan Consumer Sentiment Index (Preliminary), US March Wholesale Sales (MoM) Forecasters project Friday’s April nonfarm payrolls will show s

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