Jito to Launch JTX Trading App in July, Targeting the Consumer Market
On May 5, Jito Labs—the Solana ecosystem’s staking protocol—announced plans to launch JTX, a consumer-focused crypto trading app, in July this year. This marks its official shift from the infrastructure layer to front-end transaction services.
Early versions of JTX will support Solana-based spot trading, with plans to later integrate perpetual contracts and prediction market functionality. Access to the perpetual products may be facilitated via Phoenix, a trading platform within the Solana ecosystem.
Founded in 2021, Jito currently has approximately 39 employees and holds over $1 billion in cash. The company delivered strong performance in 2025, once generating nearly $6 million in revenue in a single week amid popular on-chain transactions on Solana (such as the meme coin craze). Last year, it secured a $50 million investment from Andreessen Horowitz’s crypto fund.
Jito CEO Lucas Bruder stated the firm is no longer content with merely providing underlying infrastructure. Inst
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US Military: Iran Attack Not Yet Reached 'Threshold for Major Combat Operations Restart'
May 5 — Joint Chiefs of Staff Chairman Gen. Mark Kaine said Thursday that none of Iran’s recent attacks have yet crossed the threshold to restart large-scale military operations.
Since the ceasefire was announced, Kaine noted, Iran has fired on merchant vessels nine times and seized two container ships. He added that 22,500 sailors are currently stranded in the Persian Gulf.
U.S. Defense Secretary Haggerty stated the ceasefire with Iran remains in effect and urged Iran to exercise restraint.
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MicroAlgo has released a quantum blockchain architecture, introducing QKD and QSC to enhance security.
On May 5, algorithm development firm MicroAlgo Inc. announced the launch of a quantum-powered blockchain architecture—integrating Quantum Secure Channel (QSC) and Quantum Key Distribution (QKD)—to boost transaction security and transparency, per The Wall Street Journal (WSJ).
The architecture features a four-layer design: the Quantum Communication Layer, Blockchain Core Layer, Smart Contract Layer, and Application Layer. QKD enables highly secure key generation and distribution, while quantum encryption safeguards transaction data from theft and tampering with built-in resistance to quantum computing attacks.
Additionally, the system bolsters long-term security via key rotation and quantum signature mechanisms, paired with a distributed ledger and consensus protocol to ensure data immutability and transaction verifiability. This strikes a balance between security and transparency, the company noted.
That said, MicroAlgo acknowledged quantum technology still faces hurdles in ma
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Bitcoin Rebounds 30% from Lows, Institutions Predict Market Cap of $16 Trillion by 2030 'Super Cycle'
On May 5th, Bitcoin jumped ~30% from its recent low near $60k, fueling market chatter about a new "super cycle."
In a recent report, ARK Invest noted Bitcoin is emerging as a core asset class for next-gen institutions. It projects the crypto’s market cap will grow at a ~63% compound annual rate over the next five years—climbing from its current ~$2 trillion to $16 trillion by 2030, and making up ~70% of the total crypto market.
The report also forecasts the overall crypto market could hit $28 trillion by 2030, with smart contract networks (like Ethereum and Solana) taking the remaining share.
Cathie Wood has previously predicted Bitcoin’s price could reach $300k to $1.5M by 2030. Key drivers include Bitcoin potentially capturing 40% of gold’s market value and accelerating asset tokenization trends.
Industry takes also highlight tokenization as a key narrative. Robinhood CEO Vlad Tenev says the market is still in the early days of the "tokenization super cycle," while BlackR
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The AI company has agreed to allow the U.S. government early access to assess the model's security and performance.
On May 5, Alphabet’s Google, Microsoft and xAI agreed to grant the U.S. government early access to their artificial intelligence (AI) models—aimed at assessing the systems’ capabilities and bolstering security prior to public release.
Per a Tuesday statement from the U.S. Department of Commerce, the deals will see these AI developers—alongside OpenAI and Anthropic PBC—grant the department’s AI Standards and Innovation Center pre-release reviews of their models.
The department noted that OpenAI and Anthropic have renegotiated their existing partnerships with the center to better align with the priorities of President Trump’s AI Initiative.
(Wall Street News)
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Cryptocurrency ETP Sees Net Inflows for Fifth Consecutive Week, Surpassing $4 Billion in Cumulative Inflows Over Five Weeks
**Crypto ETPs Post 5th Straight Week of Net Inflows (CoinShares)**
On May 5, CoinShares released a report showing global crypto asset exchange-traded products (ETPs) recorded **$117.8 million in net inflows last week**—marking the fifth consecutive week of positive flows. Cumulative inflows over the five-week stretch topped **$4 billion**, with total assets under management (AUM) sitting at roughly **$155 billion**.
However, fund flows were sharply differentiated:
- Net outflows hit **$619 million** from Monday to Thursday, but a massive **$737 million inflow on Friday** flipped the weekly tally to net positive—reflecting a sharp rebound in market risk appetite ahead of the weekend.
### Regional Breakdown
- U.S. net inflows slowed sharply to **$47.5 million** (down from $1.1 billion the prior week);
- Germany ($43.8 million) and Canada ($16 million) saw steady inflows, signaling relative resilience in European markets.
### Asset Performance
- Bitcoin-related product
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