SOL Strategies Acquires Cross-Chain Aggregator Houdini for $18 Million to Expand Transaction Routing and On-Chain Liquidity Operations
On May 4th, NASDAQ-listed Solana ecosystem treasury firm SOL Strategies announced it has acquired HoudiniSwap— a non-custodial, privacy-focused cross-chain aggregator— for $18 million.
The platform generated roughly $13 million in revenue last year, offering competitive routing for cross-centralized (CEX) and decentralized (DEX) exchange swaps, plus blockchain bridging services.
SOL Strategies noted the acquisition advances its mission to “integrate Solana into institutional finance infrastructure.” By expanding beyond validator operations and staking into transaction routing infrastructure, cross-chain liquidity, and software-driven revenue streams, the firm is building a broader platform to enable institutional capital movement and on-chain participation.
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Tokenlon has reached a trading volume of $342 million in the last 30 days, with 70% of LON staked.
As of May 4, DefiLlama data shows Tokenlon’s 30-day trading volume totals $342 million, its total value locked (TVL) stands at $485,000, and 70% of its LON tokens are staked.
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Two ships flying the American flag successfully crossed the Strait of Hormuz
On May 4, per U.S. Central Command (CENTCOM), two U.S.-flagged vessels successfully transited the Strait of Hormuz.
Separately, post-transit of the strait, a U.S. Navy guided-missile destroyer is currently operating in the Arabian Gulf to support the "Freedom Initiative."
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Tether Gold Q1 Reserves Surge by 36% to Over $3.3 Billion, Macro Uncertainty Drives Demand for 'Hard Assets'
On May 4, Tether Gold (XAUT)—the world’s leading tokenized gold product—announced its underlying gold reserves surged 36% in Q1 2026 from the prior quarter, topping $3.3 billion in total value. The growth was fueled by record-high gold prices and growing investor demand for safe-haven assets amid persistent macroeconomic uncertainty.
Tether CEO Paolo Ardoino noted XAUT’s growth signals a broader structural shift: investors are increasingly seeking programmable, liquid exposure to gold. Gold is transitioning from a passive store of value to a fully backed financial instrument that can be transferred and settled in real time. The reserves are held in Switzerland and adhere to the London Bullion Market Association’s (LBMA) "London Good Delivery" standards. XAUT operates as a regulated stablecoin issuer under El Salvador’s "Digital Assets Issuance Law."
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Tokenlon's LON token has dropped by 75% in the past year and a half, and Ben He has not proactively tweeted during the same period
On May 4, chain analytics detective ZachXBT announced he would take action against Tokenlon DEX—the in-app exchange built into imToken—per GMGN data.
Following the announcement, Tokenlon’s native token LON dropped ~8%. However, LON has been in a long-term downtrend since November 2024, with a cumulative 75% decline and a current market cap of $31.87 million.
Data shows the LON/ETH pool on Ethereum’s Uniswap sees only single-digit daily average transactions. Its 24-hour trading volume was $47,000 (an 8,958% 24-hour increase).
As of press time, Ben He has not responded to ZachXBT’s allegations. His last active tweet dates back to November 2024.
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The US SEC Delays First Round of Predictive Market ETF Review, Involving ETF Products Tied to Real-World Events such as Election Results, Economic Recession, and More
May 4th (Reuters) — The U.S. Securities and Exchange Commission (SEC) has delayed its review of the first batch of predictive market ETFs, pushing back the launch of more than 24 products that were originally set to debut last week.
Sources familiar with the matter said the SEC is seeking additional clarification from issuers on product mechanics and disclosure specifics, adding the delay is expected to be temporary.
Issuers including Roundhill Investments, Bitwise Asset Management, and GraniteShares filed applications in February to launch ETFs tied to real-world events such as election outcomes, economic downturns, tech layoffs, and oil prices. Under SEC rules, ETF applications typically go into effect automatically 75 days after filing (with the original deadline falling this week) unless the regulator intervenes.
Roundhill has set May 5th as its effective date, while Bitwise and GraniteShares’ products are also expected to launch around the same time. Bloomberg ETF analyst
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