MoonPay has announced the acquisition of Solana's execution layer infrastructure DFlow in a deal valued at approximately $100 million, to be completed entirely in stock.

On May 6, Kraken CEO Arjun Sethi told attendees at the Consensus Miami conference that the crypto exchange’s IPO preparations are “about 80% complete.” The company has filed its application with the U.S. Securities and Exchange Commission (SEC) and is waiting for the right market opportunity to move forward. Kraken had previously paused its IPO plans in March.

May 6 — Per HTX market data, CLANKER has surged above $31 and is currently trading at $31.20, with a 24-hour gain of 33.5%. Its market cap stands at roughly $31 million.

On May 6, Solana co-founder Toly announced at Consensus Miami 2026 that the network’s major "Alpenglow" upgrade will launch this year—potentially as soon as next quarter. Toly noted the upgrade will push transaction confirmation speeds near the physical "speed of light" limit, boosting the network’s speed, reliability, and transaction finality. This signals a shift for Solana: moving from its early innovation focus to a more mature phase centered on performance guarantees and reliability—critical for time-sensitive use cases like financial apps.

**May 6 Update: U.S.-Iran Developments & Strait of Hormuz** ### U.S. Statements - Secretary of State Pompeo: *“The Epic Fury operation has ended; we achieved its objectives.”* - Trump (via tweet): *“The Freedom Plan for Hormuz ship transits is temporarily suspended. Based on requests from Pakistan and others, our military victory over Iran, and progress toward a final deal, we’ve agreed to pause the plan (while keeping blockades in place) to see if an agreement is finalized.”* - Rubio: Confirms end of *Epic Fury*; U.S. Hormuz actions are defensive—*“If attacked there, we’ll respond with lethal force.”* - U.S. Military: Iran’s attacks haven’t met the threshold to restart large-scale operations; ready to resume action at any time. - U.S. Defense Secretary: U.S.-Iran ceasefire isn’t over; U.S. holds strong negotiation position. - Defense Sec: Trump doesn’t need congressional approval for ongoing Iran military actions. - U.S. Military: USS *Bush* (60+ aircraft) transits Ar

May 6th — Per LookOnChain data, a whale address is accumulating HYPE. Address 0xb5E4 has received 1.22 million HYPE over the past three weeks from Wintermute, Galaxy Digital, OKX, Bybit, Gate and Kraken, totaling roughly $52.28 million.

On May 6, Drift Protocol unveiled a recovery plan for users impacted by its April 1 hack. Each affected wallet will receive “recovery tokens”—each representing $1 in verified losses—acting as a pro-rata claim on the recovery pool. The pool initially holds ~$3.8 million in USDT (converted from remaining protocol assets) and will grow via: - A significant share of the platform’s net revenues; - Additional contributions from partners; - Up to $127.5 million in matching funds from Tether. The insurance fund, untouched by the hack, will have its use for user compensation or pool injections determined via governance proposals and DAO votes. Redemption will activate once the pool exceeds $5 million. The redemption price is calculated as **Total Recovery Fund Value ÷ Total Unredeemed Recovery Tokens**. Users may redeem at any time, but early redemptions forfeit remaining claims—those who wait can benefit from higher proportional compensation as the pool grows. The statement e