xAI has launched on Grok 4.3 API

On May 1, the crypto market closed out April on a stable note. Bitcoin staged a strong rebound amid a highly uncertain macro backdrop, posting an 11.87% monthly gain. After five consecutive daily losses, it notched two straight daily gains. Historically, Bitcoin has logged 7 up months and 6 down months in May, with an average return of 7.61%. Notably, Ethereum has significantly outperformed Bitcoin in the fifth month: it’s posted 7 gains and 3 losses, and notched at least 40% gains in 2016, 2017, 2019, and 2025. Overall, Ethereum’s average May return stands at 28.45%.

Arbitrum DAO launched a vote on Monday, May 1, regarding the release of stolen ETH frozen by the protocol following the Kelp DAO hack. The proposal calls for establishing a multi-signature (multi-sig) address with signers including Aave Labs, KelpDAO, Certora, and EtherFi. This address will be used exclusively for recovery efforts once it receives the frozen ETH held by Arbitrum. As of now, the proposal holds a 100% approval rate. Voting is scheduled to conclude on May 8 at 2:54 a.m. Beijing Time.

May 1st: Renowned trader Killa (@KillaXBT) took to X today to note that Bitcoin has exhibited a clear reversal pattern on the 5th of each month over the past nine months. He also hinted that the upcoming May 5th aligns with other reversal indicators he’s been tracking. Known as a BTC-focused quantitative trader, Killa accurately called the peak of the current bull market in May 2025 and boasts over 180,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 and is currently sitting on an unrealized loss.

On May 1, Solana-based DeFi protocol Carrot announced its ongoing operations have been severely disrupted due to the Drift exploit incident, and the protocol will cease operations. Carrot has set May 14 as the deadline for withdrawals of remaining funds from its Boost, Turbo, and CRT products. After that date, it will begin deleveraging the system to reduce all leverage to zero, freeing up full liquidity for CRT redemptions. The protocol noted that user deposits remain the property of users, and any funds recovered by Drift will be distributed as previously outlined—with no specific timeline provided.

May 1st — Sichuan Province’s Gaoping Police Station recently cracked a cryptocurrency fraud case, where victim Mr. Yang was scammed out of 3.46 million yuan by an online acquaintance, Deng Mouhui, who posed as a cryptocurrency investment advisor. In December 2025, Mr. Yang saw a cryptocurrency investment ad online and reached out to Deng, his online contact. Deng immediately pitched a “no-loss” project, and Mr. Yang initially transferred 20,000 yuan. Over time, Deng sent daily profit screenshots to pressure Mr. Yang into investing more. Trusting Deng and lured by high returns, Mr. Yang put in a total of 3.46 million yuan, with an agreement to receive his principal and interest in one lump sum at the end of the term. In April 2026, when the agreed redemption date rolled around, Mr. Yang found Deng had blocked him and gone missing — so he reported the case to police. Using fund tracing and multi-dimensional data analysis, Gaoping officers tracked Deng to the Hunan-Jiangxi region. I

On May 1, X Product Lead Nikita Bier announced the gradual rollout of the Cashtags feature for the web version of the X platform. Bier noted that X will serve as a core component of users’ trading terminals, offering real-time charts and asset-specific posts for each supported asset.