Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

May 6 at the Consensus Miami conference, U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig said the agency plans to formalize its friendly stance toward non-custodial software developers into official rules. In March, the CFTC issued a no-action letter to crypto wallet provider Phantom, explicitly noting that self-custodial wallet software developers meeting specific criteria do not need to register as brokers. Unlike temporary guidance, the CFTC favors quickly establishing regulatory positions via formal rulemaking to give U.S. developers clear direction and support the development and launch of related software. This move aligns with similar guidance from the SEC last month—the agency noted that interfaces like DeFi wallets are generally not considered brokers. Currently, both regulators are working to clarify their stances on software developers, a step that benefits the growth of non-custodial wallets and DeFi tools in the U.S.

On May 6, Kraken CEO Arjun Sethi told attendees at the Consensus Miami conference that the crypto exchange’s IPO preparations are “about 80% complete.” The company has filed its application with the U.S. Securities and Exchange Commission (SEC) and is waiting for the right market opportunity to move forward. Kraken had previously paused its IPO plans in March.

May 6 — Per HTX market data, CLANKER has surged above $31 and is currently trading at $31.20, with a 24-hour gain of 33.5%. Its market cap stands at roughly $31 million.

On May 6, Solana co-founder Toly announced at Consensus Miami 2026 that the network’s major "Alpenglow" upgrade will launch this year—potentially as soon as next quarter. Toly noted the upgrade will push transaction confirmation speeds near the physical "speed of light" limit, boosting the network’s speed, reliability, and transaction finality. This signals a shift for Solana: moving from its early innovation focus to a more mature phase centered on performance guarantees and reliability—critical for time-sensitive use cases like financial apps.

**May 6 Update: U.S.-Iran Developments & Strait of Hormuz** ### U.S. Statements - Secretary of State Pompeo: *“The Epic Fury operation has ended; we achieved its objectives.”* - Trump (via tweet): *“The Freedom Plan for Hormuz ship transits is temporarily suspended. Based on requests from Pakistan and others, our military victory over Iran, and progress toward a final deal, we’ve agreed to pause the plan (while keeping blockades in place) to see if an agreement is finalized.”* - Rubio: Confirms end of *Epic Fury*; U.S. Hormuz actions are defensive—*“If attacked there, we’ll respond with lethal force.”* - U.S. Military: Iran’s attacks haven’t met the threshold to restart large-scale operations; ready to resume action at any time. - U.S. Defense Secretary: U.S.-Iran ceasefire isn’t over; U.S. holds strong negotiation position. - Defense Sec: Trump doesn’t need congressional approval for ongoing Iran military actions. - U.S. Military: USS *Bush* (60+ aircraft) transits Ar

May 6th — Per LookOnChain data, a whale address is accumulating HYPE. Address 0xb5E4 has received 1.22 million HYPE over the past three weeks from Wintermute, Galaxy Digital, OKX, Bybit, Gate and Kraken, totaling roughly $52.28 million.