Spot Gold Intraday Gain Expands to 1.00%

**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

**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

May 5th: Official sources confirm that Tydro—the lending protocol on the Ink ecosystem—announced via social media that its team has suspended all markets following a third-party report of an oracle issue. The action is aimed at safeguarding user funds. The team is currently conducting a thorough investigation and will release further updates as soon as possible.

On May 5th, LookOnChain monitoring data shows a crypto whale has once again boosted its ETH holdings—adding 900 ETH valued at roughly $2.13 million. Additionally, since February 15th, the same whale has accumulated 16,900 ETH total at an average price of $2,110. The holding is now worth approximately $35.67 million, with an unrealized gain of $4.6 million.

On May 5th, on-chain analytics indicate a whale opened a 1x leveraged long position on 63 Bitcoin—valued at roughly $5.1 million—with a liquidation price set at $31.18. Additionally, the whale primarily traded the HYPE token, netting a $330,000 profit.

SC Ventures, Standard Chartered’s fintech investment arm, has made a strategic investment in crypto market maker GSR—becoming the first external strategic shareholder in the 2013-founded firm. The deal values GSR at $1 billion. The partnership was officially announced on May 5, 2026. SC Ventures said the investment aims to deepen collaboration in tokenized assets and institutional-grade digital asset infrastructure. GSR CEO Song Xin noted the institutional digital asset market is rapidly maturing, adding the partnership will pair Standard Chartered’s capital markets expertise with GSR’s crypto liquidity management experience to focus on tokenization use cases. The equity investment builds on prior collaboration: last month, GSR led an investment in Libeara, a tokenization platform launched by SC Ventures. SC Ventures CEO Alex Manson emphasized that as the digital asset market evolves, building compliant, scalable liquidity infrastructure has become a top priority for tradition