The popular AI framework Virtuals Protocol will host an in-person meet-up in Hong Kong on Friday, January 17.

May 5th — Per HTX data, Bitcoin has surpassed $81,000, up 1.17% over the past 24 hours, and is currently trading at $81,035.

On May 5th, data from Bitget shows cryptocurrency-related stocks in the U.S. equities market broadly gained ground—likely fueled by the "CLARITY Act" stablecoin yield rules’ impact on Circle (CRCL), which surged nearly 20% in a single day. Details follow: - Coinbase (COIN): +6.14% - Circle (CRCL): +19.83% - MicroStrategy (MSTR): +3.76% - Bitmine (BMNR): +4.17% - SharpLink Gaming (SBET): +3.84% - Bit Digital (BTBT): +7.01% - American Bitcoin (ABTC): -3.36% - Kindly MD (NAKA): -3.73% - Solana Co (HSDT): +1.89%

On May 5, *The New York Times* reported that AI startup Oumi’s analysis of Google’s “AI Summary” feature pegs its accuracy rate at roughly 90%. Since Google handles over 50 trillion searches annually, that translates to tens of millions of incorrect answers every hour (or hundreds of thousands of inaccuracies per minute). Oumi analyzed Google’s “AI Summary” search results using the SimpleQA benchmark, finding that 85% of results were accurate when powered by Gemini 2—rising to 91% with Gemini 3. In analyzing the 5,380 sources cited in Google’s AI Summary, Oumi found Facebook and Reddit were the second and fourth most frequently referenced platforms, respectively. When the summary is accurate, 5% of citations link to Facebook; when it’s inaccurate, that figure jumps to 7%.

**May 5th Market Update** Global markets are currently weighing two key narratives: the Reserve Bank of Australia’s (RBA) renewed hawkish stance on inflation, and escalating Middle East tensions that threaten energy supplies and global supply chains. The RBA is widely expected to raise interest rates by 25 basis points this week—near-unanimous market consensus. Firms including Goldman Sachs, Bank of the West, and Citigroup see room for additional hikes ahead, citing persistent energy price pressures and uncooled labor market tightness. On the U.S. front, Federal Reserve Vice Chair Williams delivered a critical policy signal: there is currently insufficient reason to hike rates again, but above-expectation inflation this year means rate cuts will be delayed. This underscores the Fed’s unchanged core logic—only that the high-interest-rate environment may persist longer. Notably, amid rising risks in the Strait of Hormuz and elevated oil prices, markets are reassessing how energy

On May 5th, analyst @Murphychen888 noted that Bitcoin’s Long-Term Holder (LTH) net position trend reversal has historically preceded the asset’s price bottom—weakening supply-side pressure creates conditions for a bottom to form. Since February 10, 2026, LTH net positions have risen, accumulating ~324,000 BTC by April 30. Over the same period, Short-Term Holders (STH) cut their holdings by 184,000 BTC, with some converting to new LTH positions. Excluding these conversions, original LTH actively added ~140,000 BTC—becoming a key driver of LTH growth. Comparing to past cycles: In the last bear market, LTH net positions bottomed and turned higher on July 23, 2022. Barring the FTX scandal-induced panic selloff, the $19k-$22k range likely would have formed the bottom zone. Similarly, after LTH positions rebounded in July 2019, the $7k-$9k range became the bottom zone (excluding the “312” extreme event). With LTH net positions bottoming and rising on February 10, 2026, the $62k-$65k

On May 5, Polish crypto exchange Zondacrypto is under a major fraud investigation. Its former CEO went missing in 2022, taking the cold wallet private key holding 4,500 bitcoins—currently worth over $340 million. The current CEO has admitted he can’t access the wallet and was recently reported to have fled to Israel. Prosecutors estimate potential customer losses at roughly $97 million. On-chain data shows the exchange’s hot wallet bitcoin balance has plunged 99.7% since mid-2024, with users widely reporting withdrawal issues. Polish Prime Minister Tusk estimates up to 30,000 users may be affected. Tusk publicly accused the exchange of being funded by Russian-linked entities and used to back opposition lawmakers in blocking crypto regulation in Poland. He bluntly labeled it a “Polish Ponzi scheme” and criticized the president for twice vetoing the localization bill of the EU’s MiCA framework, turning Poland into a “haven for fraudsters.” The exchange’s board of directors said