Tom Lee: If Shareholders Do Not Approve BitMine's New Share Issuance Authorization, ETH Accumulation Pace Will Be Forced to Slow

May 5 — Michael Burry, the *Big Short* investor, has liquidated all his GameStop (GME.N) holdings, per The Wall Street Journal. The move follows GameStop’s announcement of plans to acquire eBay (EBAY.O). Burry said Monday his prior investment thesis — which aimed to turn GameStop into a Berkshire Hathaway-style firm via acquisitions — clashed with the large-scale debt financing required for the eBay deal. He therefore exited his position. Per Bitget market data, GameStop shares fell 10.14% on Monday to close at $23.84.

May 5 — SC Ventures, Standard Chartered Bank’s fintech and innovation arm, has made a strategic investment in cryptocurrency market maker GSR. GSR, founded in 2013, has recently expanded into additional tokenized financial services areas. This marks the first time an external strategic investor has taken a stake in GSR since its launch.

On May 5, data from Onchain Lens shows Bitmine staked 192,816 ETH six hours ago—valued at roughly $4.56 billion. As of now, the firm’s total staked ETH stands at 4,555,573, with a current value of approximately $10.69 billion.

Daniel But, renowned investor and chairman of Shenzhen Oriental Harbor Investment Management Co., Ltd., posted on social media May 5 that he “took a small position in Circle Internet Group (CRCL.US) based on a researcher’s recommendation.” CRCL surged sharply Monday, emerging as one of the day’s top performers in the U.S. stock market. The surge’s key catalyst stemmed from a critical development in the U.S. Clear Law Act: the Senate reached a compromise on stablecoin regulatory provisions, resolving the bill’s core disagreements, eliminating longstanding industry regulatory uncertainty, and unlocking long-term growth opportunities for compliance-focused stablecoin leaders like Circle. Market expectations are that USDC’s compliance edge will grow further as the regulatory framework takes effect, with market share seen rising in emerging use cases like cross-border payments and AI-driven trading. Fundamentally, Circle’s core business is entering an explosive growth phase. USDC circ

On May 5, CCTV News reported that U.S. President Donald Trump declined to explicitly confirm whether the U.S.-Iran ceasefire agreement remains in effect during an interview. When asked if the ceasefire had ended and whether military strikes could resume, Trump responded: "I can't tell you that. If I answer, you'd say the person isn't smart enough to be president." Earlier that day, Trump had warned in another interview that Iran would be "completely obliterated" if it attempted to attack U.S. ships in the Strait of Hormuz or the Persian Gulf. However, he later noted that from a military perspective, the U.S.-Iran conflict is "basically over." Per HTX market data, Bitcoin is maintaining its upward momentum, currently trading at $79,915 with a 24-hour gain of 1.02%. Over the past 24 hours, total network liquidations reached $513 million—$170 million in long positions and $343 million in short positions. Bitget market data shows U.S. stocks closed lower on Monday: the Dow Jones I

On May 5, Fox News reported that U.S. President Donald Trump said if Iran attacks U.S. ships, Iran will be "wiped off the face of the Earth."