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.
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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.
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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.
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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%.
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Arbitrum DAO has commenced voting on the release of frozen Ethereum funds
Arbitrum DAO launched a vote on Monday, May 1, regarding the release of stolen ETH frozen by the protocol following the Kelp DAO hack.
The proposal calls for establishing a multi-signature (multi-sig) address with signers including Aave Labs, KelpDAO, Certora, and EtherFi. This address will be used exclusively for recovery efforts once it receives the frozen ETH held by Arbitrum.
As of now, the proposal holds a 100% approval rate. Voting is scheduled to conclude on May 8 at 2:54 a.m. Beijing Time.
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Prominent Trader: Bitcoin's 5-Day MA Has Been a Key Turning Point Over the Past 9 Months, Signifying Significant Reversals
May 1st: Renowned trader Killa (@KillaXBT) took to X today to note that Bitcoin has exhibited a clear reversal pattern on the 5th of each month over the past nine months. He also hinted that the upcoming May 5th aligns with other reversal indicators he’s been tracking.
Known as a BTC-focused quantitative trader, Killa accurately called the peak of the current bull market in May 2025 and boasts over 180,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 and is currently sitting on an unrealized loss.
8 minutes ago
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