Nvidia Competitor Cerebras Sprints to Nasdaq, Aims to Raise About $3.5 Billion, Price Range $115-$125 Per Share

On May 4, Bitmine Chairman Thomas "Tom" Lee made the following statement: The U.S. Senate has released the compromise text of the CLARITY Act. While the bill prohibits certain yield-bearing stablecoin reserves, it allows for activity-based "rewards," striking a balance between innovation and safeguarding existing depository institutions (i.e., traditional banks). This compromise is broadly acceptable to us, and we hope the bill will pass in 2026. Current predictions from prediction market Polymarket show the probability of the bill passing in 2026 has topped 60%—its highest level in a month. A "Crypto Spring" has begun. Similar to past cycles, investor sentiment remains subdued and somewhat pessimistic even as crypto prices rise. We believe the potential passage or rejection of the CLARITY Act will confirm the arrival of the Crypto Spring. Regarding the drivers behind the future growth of crypto assets, Ethereum (ETH) continues to benefit from a dual tailwind: Wall Street’s block

On May 4th, NASDAQ-listed Solana ecosystem treasury firm SOL Strategies announced it has acquired HoudiniSwap— a non-custodial, privacy-focused cross-chain aggregator— for $18 million. The platform generated roughly $13 million in revenue last year, offering competitive routing for cross-centralized (CEX) and decentralized (DEX) exchange swaps, plus blockchain bridging services. SOL Strategies noted the acquisition advances its mission to “integrate Solana into institutional finance infrastructure.” By expanding beyond validator operations and staking into transaction routing infrastructure, cross-chain liquidity, and software-driven revenue streams, the firm is building a broader platform to enable institutional capital movement and on-chain participation.

As of May 4, DefiLlama data shows Tokenlon’s 30-day trading volume totals $342 million, its total value locked (TVL) stands at $485,000, and 70% of its LON tokens are staked.

On May 4, per U.S. Central Command (CENTCOM), two U.S.-flagged vessels successfully transited the Strait of Hormuz. Separately, post-transit of the strait, a U.S. Navy guided-missile destroyer is currently operating in the Arabian Gulf to support the "Freedom Initiative."

On May 4, Tether Gold (XAUT)—the world’s leading tokenized gold product—announced its underlying gold reserves surged 36% in Q1 2026 from the prior quarter, topping $3.3 billion in total value. The growth was fueled by record-high gold prices and growing investor demand for safe-haven assets amid persistent macroeconomic uncertainty. Tether CEO Paolo Ardoino noted XAUT’s growth signals a broader structural shift: investors are increasingly seeking programmable, liquid exposure to gold. Gold is transitioning from a passive store of value to a fully backed financial instrument that can be transferred and settled in real time. The reserves are held in Switzerland and adhere to the London Bullion Market Association’s (LBMA) "London Good Delivery" standards. XAUT operates as a regulated stablecoin issuer under El Salvador’s "Digital Assets Issuance Law."

On May 4, chain analytics detective ZachXBT announced he would take action against Tokenlon DEX—the in-app exchange built into imToken—per GMGN data. Following the announcement, Tokenlon’s native token LON dropped ~8%. However, LON has been in a long-term downtrend since November 2024, with a cumulative 75% decline and a current market cap of $31.87 million. Data shows the LON/ETH pool on Ethereum’s Uniswap sees only single-digit daily average transactions. Its 24-hour trading volume was $47,000 (an 8,958% 24-hour increase). As of press time, Ben He has not responded to ZachXBT’s allegations. His last active tweet dates back to November 2024.