The whale "Set 10 Major Goals First" has closed a BTC long position at $81,300
May 5 — Whale trader “Perfect 10 Goals First” (@Jason60704294) said he closed a long Bitcoin position at $81,300. Earlier, he shared a trading screenshot on social media that showed the same long position with a profit topping $5.21 million.
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Ripple will share intelligence on North Korean hackers with the cryptocurrency industry to combat the evolving tactics of attacks ranging from code vulnerabilities to social engineering.
**Crypto ISAC, Ripple Announce North Korean Hacker Threat Intel Sharing**
On Monday, Ripple and cryptocurrency industry threat intelligence group Crypto ISAC announced that Ripple is now sharing internal data on North Korean threat actors with other sector members—a move that has reshaped how the industry responds to the hackers’ evolving tactics.
In a recent Drift incident, no smart contract vulnerabilities were exploited. Instead, North Korean hackers spent months ingratiating themselves to a Drift contributor, implanted malware on their device, and exfiltrated private keys. When $285 million was transferred, none of the systems designed to detect anomalous activity flagged the breach.
This shift marks a departure from the 2022–2024 DeFi hacking spree, where attackers drained protocols within minutes by exploiting smart contract code flaws. As security measures tightened, the hackers pivoted from technical attacks to social engineering: applying for crypto company jobs, cond
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Grayscale: Quantum Computing Not the Primary Driver of Bitcoin Price Volatility
**May 5 Update: Grayscale Says Quantum Computing Not Behind Recent Bitcoin Drop**
Grayscale issued a statement on May 5 noting that while advanced quantum computers pose a long-term threat to traditional cryptography—and support major blockchains ramping up quantum-resistant upgrades—this is not the primary driver of Bitcoin’s recent price decline.
The firm observed Bitcoin has moved in lockstep with publicly traded quantum computing companies over the past few months. If quantum breakthroughs were pressuring Bitcoin, quantum firm stocks should be rising—but the opposite is true.
Moreover, Bitcoin and quantum computing stocks’ declines since last October mainly reflect market concerns that AI is triggering de-risking of growth assets. Though Bitcoin’s recent stronger correlation with cutting-edge tech assets like quantum computing has boosted investor sentiment, it has not eroded Bitcoin’s store-of-value role in diversified portfolios.
Investors don’t need to wait for block
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The U.S. banking industry has stated that the Stablecoin Provision of the CLARITY Act still has "loopholes."
**May 5**
Major U.S. banking groups said jointly on Wednesday that despite senators’ efforts to pass the **CLARITY Act** (which would ban interest-bearing stablecoins), the bill’s latest draft still contains loopholes failing to stem bank deposit outflows effectively—leaving deposits inadequately protected.
In a joint statement dated May 5, 2026, the American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum, and Independent Community Bankers of America noted that **Section 404** of the bill lets crypto platforms offer users interest or bank deposit-like rewards outside traditional regulations—a “significant loophole that requires fixing.”
The groups warned that if the loophole remains unaddressed, widespread stablecoin adoption could drain trillions of dollars in deposits from the U.S. banking system (especially at community banks) and cut consumer, small business, and agricultural lending by over 20%.
Senator Thom Tillis pus
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