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BitMine once again stakes 162,000 ETH, with 82% of holdings now staked

1 hours ago

As of May 1st, blockchain analytics firm LookOnChain reports BitMine staked an additional 162,088 ETH (valued at $366 million) 8 hours ago. This brings BitMine’s total staked ETH to 4,194,029 (worth $9.48 billion), representing 82.59% of its overall holdings.
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Yesterday, Bitcoin ETF saw a net inflow of $23.5 million, while Ethereum ETF experienced a net outflow of $23.7 million.

On May 1, per Farside Investors monitoring data, U.S. Bitcoin spot ETFs saw a net inflow of $23.5 million yesterday. IBIT recorded a net inflow of $19.1 million, while FBTC had a net inflow of $26.6 million. Ethereum ETFs posted a net outflow of $23.7 million, with ETHA registering a net outflow of $50.6 million.

3 minutes ago

Democratic Senator Pressures Tether Over Alleged Bribery of US Secretary of Commerce

On May 1, Democratic Sens. Elizabeth Warren and Ron Wyden are pressing for accountability over Tether’s alleged bribery of U.S. Commerce Secretary Howard Lutnick. Reports state Tether provided an undisclosed loan amount to a trust fund benefiting Lutnick’s children, and Cantor Fitzgerald—where Lutnick previously worked—was also a custodian of Tether’s reserves. Warren and Wyden further noted the recently passed “Genius Act” benefited Tether, adding Tether had lobbied in support of the bill—suggesting potential cronyism.

3 minutes ago

Hundreds of Ethereum Long-Term HODL Addresses Hacked, Reasons Unknown

**May 1 Update** Crypto analyst Wazz says hundreds of Ethereum mainnet wallets—many dormant for over 7 years—have been drained by the same address since yesterday. Aragon team member @TheTakenUser also confirmed in a post that funds from the project’s wallet were transferred for unknown reasons. The root cause of the incident is still unconfirmed. Community analysis points to possible factors: leaks of old mnemonics or private keys (2017–2020), issues with storage tools like LastPass, or prior risky authorizations—not a new smart contract vulnerability.

3 minutes ago

Short-Term Bitcoin Holders in Profit for the First Time in Almost Six Months, Signaling Potential Upside or Resistance

On May 1st, crypto analyst Darkfost noted that the 30-day moving average (MA) of the Short-Term Holder (STH) SOPR has turned positive for the first time in six months—suggesting short-term holders (STHs) are now, on average, at breakeven or a slight profit. Historical data indicates this typically acts as a resistance level in bear markets, as holders often panic-sell due to low confidence.

3 minutes ago

Survey: Over 66% of High-Income US Employees Use AI at Work

Per a Federal Reserve survey released May 1st, 66.3% of U.S. employees earning over $200,000 annually have used AI tools for work in the past year. That’s followed by 51.6% of those making $100k–$200k and 40.2% of those earning $50k–$100k. In contrast, just 15.9% of Americans earning less than $50k annually used AI tools for work over the same period. College graduates are more than twice as likely to use AI tools for work as those without a college degree—58.7% vs. 22.9%. Full-time workers are nearly twice as likely to use AI as part-time employees: 42.7% vs. 24.7%. Among AI users, 68% said the tools made their work easier, while 56.7% reported they boosted productivity.

3 minutes ago

Historical Data: Crypto May Promises Excitement, Ethereum Outperforms Bitcoin

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%.

3 minutes ago

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