CNN: Pakistan expects Iran's revised peace proposal to be submitted today or by Friday

On May 2, Farside Investors data shows this week’s Bitcoin ETFs saw a net inflow of $162.8 million. Of these, BNY Mellon’s IBIT recorded a net inflow of $136.6 million, the ARK Blockchain ETF took in $51.0 million, and the Fidelity BTC ETF had a net inflow of $48.5 million.

On May 2nd, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that a whale has taken an 80,000 ETH long position, now sitting on a $3.11 million profit. Details are as follows: - Address 0xa5b…01d41: Holds a 40,000 ETH long position opened at $2,265.50, with a profit of $1.526 million; - Address 0x6c8…d84f6: Holds a 40,000 ETH long position opened at $2,265.40, with a profit of $1.528 million.

On May 1, Republican governors of Alabama, South Carolina and Tennessee announced they will push for congressional redistricting favorable to their party. The U.S. is set to hold midterm congressional elections in November. Public opinion analysis indicates the Republican Party faces an uphill battle to retain its narrow House majority, driven by surging U.S. oil prices linked to the Iran conflict and low approval ratings for Republican President Trump. (Golden Finance)

On May 2, DefiLlama data shows Hyperliquid’s April revenue hit $52.22 million—down 14.95% from March’s $61.40 million.

**May 2nd Update** Concerns over Bitcoin’s vulnerability to quantum computing have long revolved around a "Satoshi-related dilemma": If a sufficiently powerful quantum computer emerges, hundreds of millions of bitcoins stored in old wallets with exposed public keys could face theft risk—including ~1.1 million BTC (valued at ~$84 billion) allegedly belonging to anonymous creator Satoshi Nakamoto. In mid-April, senior developer Jameson Lopp and five peers formally proposed **BIP-361**, a plan to phase out quantum-vulnerable addresses over five years and freeze coins not migrated by the deadline. But the proposal creates a new trade-off: Satoshi and other long-dormant holders would have to "come forward" publicly or risk losing access to their assets. On Friday, Paradigm General Partner Dan Robinson released a counterproposal to avoid this issue, centered on **Provable Address Control Timestamps (PACTs)**. The core of PACTs: Instead of moving coins, timestamp all ownership

Jane Street, a quantitative trading firm and liquidity provider, distributed $9.38 billion in compensation last year—more than doubling its 2024 total—Bloomberg reported Wednesday (May 2). Per employee, that’s an average of $2.68 million, nearly seven times the figure at rival Goldman Sachs Group. Its trading revenue hit roughly $39.6 billion last year, outpacing major Wall Street banks and market makers. Sources familiar with the matter said Jane Street’s partner equity has surged nearly 2000% since 2016 to $45 billion. That capital base let the firm capitalize on market volatility and make big bets on early-stage startups—including a profitable stake in AI firm Anthropic PBC, which recently secured a funding round valuing it at $80 billion or more. The firm also has tapped public bond market loans and bonds for additional liquidity in recent years. Jane Street representatives declined to comment. Jane Street has benefited from avoiding many rules that bind large bank trading