According to DB News, the DOJ is cleared to sell 69,370 $BTC($6.58B) confiscated from Silk Road.

On May 5, Elon Musk agreed to pay $1.5 million to settle charges from the U.S. Securities and Exchange Commission (SEC) that he failed to timely and accurately disclose his stake in Twitter in 2022. He did not admit to the allegations.

May 5 (FXStreet) — New York Federal Reserve President John Williams said there’s no need to start thinking about a rate hike right now. The central bank’s dovish posture largely reflects potential long-term policy trends, and the long-term outlook still points to an eventual rate cut. ### Notes on American English adaptation: 1. **Specificity**: Added "New York Federal Reserve President" (Williams’ official role) for clarity (standard in U.S. financial news). 2. **Concision**: Replaced formal phrases like *stated that there is currently no need* with natural, concise alternatives (*said there’s no need to start thinking about... right now*). 3. **Flow**: Linked related points with *and* to avoid choppy short sentences (common in U.S. news briefs). 4. **Word choice**: Swapped *indicates* for *points to* (more idiomatic in financial reporting) and *mainly* for *largely* (frequently used in U.S. media). 5. **Source placement**: Moved (FXStreet) to the start (standard for attribu

On May 5, Polymarket team member Mustafa (@mustafap0ly) signaled potential upcoming developments tied to the POLY token during a community interaction. A community user asked when they could stake POLY to reduce slippage fees or use it for a possible future discounted order fee mechanism. Mustafa replied, “Soon.”

On May 5th, Onchain Lens monitoring shows that three wallets linked to Multicoin Capital have staked 1.96 million HYPE tokens, valued at roughly $82.06 million. As of now, those same wallets still hold 2.83 million HYPE tokens, with a current worth of approximately $11.834 billion.

May 5 — Michael Burry, the *Big Short* investor, has liquidated all his GameStop (GME.N) holdings, per The Wall Street Journal. The move follows GameStop’s announcement of plans to acquire eBay (EBAY.O). Burry said Monday his prior investment thesis — which aimed to turn GameStop into a Berkshire Hathaway-style firm via acquisitions — clashed with the large-scale debt financing required for the eBay deal. He therefore exited his position. Per Bitget market data, GameStop shares fell 10.14% on Monday to close at $23.84.

May 5 — SC Ventures, Standard Chartered Bank’s fintech and innovation arm, has made a strategic investment in cryptocurrency market maker GSR. GSR, founded in 2013, has recently expanded into additional tokenized financial services areas. This marks the first time an external strategic investor has taken a stake in GSR since its launch.