Paradigm Capital deposited 2436 ETH to Coinbase, worth $5.75 million

On May 6, MicroStrategy founder Michael Saylor broke his longstanding "never sell your Bitcoin" stance for the first time during the company’s Q1 2026 earnings call livestream, saying the firm may sell a portion of its Bitcoin holdings to pay a dividend. "We might sell some Bitcoin to pay a dividend—aimed at desensitizing the market and signaling we’ve done so," he stated. Saylor has long publicly championed the "never sell Bitcoin" mantra, repeating it on CNBC, Bloomberg, and Twitter, and even pledging to donate his Bitcoin to Bitcoin-supporting organizations posthumously. To date, MicroStrategy’s treasury has not sold a single Bitcoin, cementing that commitment in public perception. In its April 2025 10-K filing with the SEC, MicroStrategy included a risk disclosure: without new financing, the company could be forced to sell Bitcoin to cover financial obligations. That sparked market speculation Saylor was poised to sell, but he immediately denied it, calling the scenario "h

**May 6 – South Korean entertainment firm K Wave Media has filed with the U.S. SEC to repurpose up to $485 million of its original $500 million planned Bitcoin purchase toward a $5 billion total financing package for AI infrastructure.** The funds will be allocated to data centers, GPU computing, and AI-related acquisitions. The company’s CEO stated the goal is to “become a key player in the fast-growing AI infrastructure sector” and plans to rebrand the firm as “Talivar Technologies.” Market response has been tepid: the stock fell 24% on Monday, with an additional 4% decline in pre-market trading.

May 6th — Per HyperInsight monitoring, Bitcoin (BTC) continued to rally during the holiday period, pushing above $81,000. On-chain trader "pension-usdt.eth," which previously focused on short-term trades, has been forced to hold its position for more than 35 days. Its unrealized losses on short positions have hit $18 million, making it the address with the biggest losses on Hyperliquid over the past 7 and 30 days. Currently, the address holds: - A 3x leveraged BTC short position (size: $81.2 million) with an average entry price of $67,992; - A 3x leveraged ETH short position (size: $47.3 million) with an average entry price of $2,131. It is now the largest on-chain BTC short holder. Address: 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902

On May 6th, per LookOnChain monitoring, trader 0x128e has just deposited ~500,000 USDC to HyperLiquid, shorted 250 BTC with 40x leverage (totaling $20.32M), with a liquidation price of $82,236.61.

May 6th — Per HTX market data, Base ecosystem meme launchpad token CLANKER surged past $33 on Wednesday, with intraday gains exceeding 40% at its peak. Several other Base ecosystem tokens also saw modest upticks in the past 24 hours: - DEGEN: Market cap topped $26.5 million, up 6.5% - BNKR: Market cap exceeded $35 million, up 9.7% - TOSHI: Market cap surpassed $78 million, up 5.6%

May 6 Summary: May Day Holiday Highlights - Alphabet rose 10% on May 1, with its share price hitting $384.80. The one-day market cap jump reached $421 billion, marking the second-largest single-day market cap increase in history. - Iran notified regional countries of its ceasefire stance, pushing crude oil prices lower while gold and silver prices rose. - Elon Musk revealed he offered $97.4 billion to acquire OpenAI on February 25 (25 years ago) but was rejected. - Tether reported a $1.04 billion profit in Q1, with its assets hitting a record $8.232 billion. - Hyperliquid launched the first HIP-4 binary prediction market contract. - GameStop plans to make a takeover bid for eBay. - The "CLARITY Act" stablecoin yield rules have been finalized, entering the "launch phase." - Tom Lee believes the "Crypto Spring" has begun, and the CLARITY Act’s compromise solution is generally acceptable. - Telegram’s founder promoted TON, stating that Telegram will replace the TON Foun