TRUMP unlocked 40 million tokens 5 hours ago, equivalent to around 300 million US dollars

On May 5th, reports indicate that despite Polymarket being banned by the Netherlands’ gambling regulator in February this year, local users still access prediction market trading via alternative platforms. Investigations show platforms like Kalshi, Hyperliquid, and Interactive Brokers continue offering such services to Dutch users. The Netherlands’ gambling authority (Kansspelautoriteit) has previously noted similar platforms could face regulation and penalties. Some platforms even offer prediction contracts for Dutch local events—like football leagues and elections—signaling active expansion into the market. Meanwhile, the regulator acknowledges blocking measures can still be bypassed, including via VPNs. Overall, prediction markets are seeing a global push for stricter regulation. Countries including the Netherlands, Brazil, and several European nations have taken action to ban or penalize unlicensed platforms, though industry compliance and regulatory oversight issues remain h

May 5 (Local Time) – The Israeli Defense Forces (IDF) announced in a statement Friday that it eliminated Ansar Hamed, commander of Hamas’ elite Nuhba force, in an airstrike in central Gaza on Thursday (May 4). The IDF said Hamed was linked to the October 7, 2023, attack on Israel.

On May 5, Forbes reported that FTX founder Sam Bankman-Fried (SBF) could have theoretically added up to an additional $100 billion to his wealth if his early investment portfolio hadn’t been disrupted by his imprisonment. The outlet noted SBF had invested in several high-growth tech and AI firms—including Anthropic, SpaceX and Robinhood—many of which now hold far higher valuations, underscoring his apparent foresight in the AI and tech sectors. SBF is currently serving a 25-year prison sentence for embezzling more than $8 billion in customer funds. At his peak, his net worth hit roughly $24 billion, earning him a spot on the Forbes 400 list. Previously, BlockBeats published a report titled *“From Bankruptcy Abyss to Hundred-Billion Phantom: SBF’s ‘Missed’ Investment Portfolio Allegedly Soared to Trillion-Dollar Levels”* (link: https://www.theblockbeats.info/flash/342630).

On May 5th, on-chain analyst Specter reported that the attacker behind the Wasabi Protocol exploit has transferred all stolen funds—totaling roughly $5.9 million—to Tornado Cash. Further analysis notes that funds linked to suspected North Korea-affiliated hackers, including those from the Kelp DAO and LayerZero exploits, have followed a similar laundering route. The typical process unfolds as follows: mixing funds through the Wasabi mixer → withdrawing and bridging back to Ethereum → depositing into Tornado Cash → dispersing to new addresses → minting new tokens and laundering via liquidity operations → bridging to USDT on TRON → ultimately landing in wallets tied to external transactions. This pattern is recognized as a key playbook for advanced on-chain money laundering, combining coin mixing, cross-chain transfers, and liquidity operations to obscure the funds’ origin.

Coinbase CEO Brian Armstrong announced in an internal memo on May 5 that the company will cut roughly 14% of its workforce to navigate market volatility and AI-driven organizational shifts. Armstrong noted the crypto market remains cyclically volatile, and Coinbase needs to proactively adjust its cost structure to stay lean and efficient amid a downturn. Meanwhile, AI is fundamentally reshaping how work gets done, allowing both technical and non-technical teams to boost productivity dramatically via AI—pushing the company toward a smaller, more efficient operational framework. As part of the plan, Coinbase will simplify its org chart to no more than 5 levels, reduce purely managerial roles, mandate that managers deliver tangible results, and prioritize building an "AI-first team" to explore even leaner operating models—including "individual contributor teams." For impacted employees, the company will offer a severance package: at least 16 weeks of base pay (plus tenure-based a

On May 5, Bitget market data shows COIN’s pre-market trading rose more than 4%, with the stock currently trading at $211.09. On the news front, Coinbase CEO Brian Armstrong announced in an internal memo that the company will cut its workforce by approximately 14% to address market volatility and organizational changes spurred by AI technology. Armstrong noted the crypto market still faces periodic fluctuations, so the company needs to proactively adjust its cost structure to maintain lean, efficient operations amid a downturn. He added that AI is drastically reshaping work processes, enabling both technical and non-technical teams to boost productivity significantly via AI—pushing the company toward a smaller-scale, high-efficiency operational model.