A certain whale withdrew 6000 ETH from Kraken after 6 months of silence

May 6 Summary: May Day Holiday Highlights - Alphabet rose 10% on May 1, with its share price hitting $384.80. The one-day market cap jump reached $421 billion, marking the second-largest single-day market cap increase in history. - Iran notified regional countries of its ceasefire stance, pushing crude oil prices lower while gold and silver prices rose. - Elon Musk revealed he offered $97.4 billion to acquire OpenAI on February 25 (25 years ago) but was rejected. - Tether reported a $1.04 billion profit in Q1, with its assets hitting a record $8.232 billion. - Hyperliquid launched the first HIP-4 binary prediction market contract. - GameStop plans to make a takeover bid for eBay. - The "CLARITY Act" stablecoin yield rules have been finalized, entering the "launch phase." - Tom Lee believes the "Crypto Spring" has begun, and the CLARITY Act’s compromise solution is generally acceptable. - Telegram’s founder promoted TON, stating that Telegram will replace the TON Foun

**KAIO, RWA Tokenization Protocol, Launches TGE Today (May 6)** KAIO, a real-world asset (RWA) tokenization protocol, announced its Token Generation Event (TGE) is taking place today, May 6. The protocol’s total token supply is fixed at 10 billion, with the following breakdown: - **Community & Liquidity Incentives**: 37.5% of total supply. Of this, 12.5% unlocks at TGE, with a 6-month cliff period followed by linear monthly vesting over 60 months. - **Foundation**: 17% of total supply. 12.5% unlocks at TGE, with a 6-month cliff and linear vesting over 36 months. - **Team, Early Investors & Pre-TGE Sales**: 45.5% of total supply. **0% unlocks at TGE**, with a 12-month cliff and linear vesting over 24 months. All tokens for the team, early investors, and pre-TGE sales are locked on TGE day.

May 6: Per OnchainLens monitoring data, Paradigm Capital has deposited 2,436 ETH (valued at $5.75M) into Coinbase Prime over the past two hours.

On May 6, Ekubo—a decentralized exchange (DEX) protocol in the Starknet ecosystem—issued a security warning about a vulnerability in its EVM-chain transaction routing contract. Starknet liquidity providers (LPs) and users are not impacted by the issue, per the alert. The full scope of the impact is currently under investigation. All users are advised to immediately revoke authorizations for the affected contract. Separately, SlowMist founder Cai Yunge noted the attacker exploited the **payCallback mechanism** to designate users who had previously granted unlimited token approvals to the contract as payers. This allowed the attacker to invoke WBTC’s `transferFrom` function to siphon victims’ assets. The attacker executed 85 total transactions, each involving 0.2 WBTC. One user (address 0x765DEC) incurred a total loss of 17 WBTC. ### Notes on American English adaptation: - Used **concise, conversational phrasing** (e.g., "per the alert" instead of "as stated in the alert"; "le

A crypto whale filed a lawsuit against Coinbase in San Francisco federal court this month, accusing the exchange of refusing to return funds stolen in 2024. The anonymous victim, based in Puerto Rico, lost over $55 million worth of DAI stablecoin in an August 2024 phishing attack. At the time, the hacker gained control of the victim’s wallet by mimicking a DeFi Saver login page, quickly transferred the funds, and laundered them via a coin mixer. The victim hired multiple on-chain investigation firms to trace the assets, ultimately finding some of the stolen funds had flowed into a Coinbase account. While Coinbase froze the related funds in December 2024, it has since refused to return them—claiming only a court order can unlock the assets. The lawsuit notes Coinbase’s initial freeze was justified but argues withholding the funds after the victim provided sworn proof of ownership was unreasonable. Coinbase has not yet publicly responded to the allegations.

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.