Arthur Hayes: I bet that Bitcoin will surpass $110,000 before retracing to $76,500

May 6 — Strategy today released its Q1 2026 financial report, highlighting key updates on its Bitcoin holdings, STRC digital credit product, and quarterly performance. As of May 3, 2026, the company holds 818,334 bitcoins—an 22% year-to-date (YTD) increase. Its realized Bitcoin return rate stands at 9.4%, with quantity-driven dollar gains from Bitcoin holdings totaling approximately $49.7 billion. Strategy has raised over $116 billion via market-price share issuances and its STRC digital credit product. STRC has seen 189% YTD growth, with $55.8 billion in total fundraising. In just nine months, STRC’s market capitalization has hit $85 billion, making it the world’s largest preferred stock by market cap. The product boasts a daily average trading volume of $375 million, volatility of only 3%, and a Sharpe ratio of 2.53—holding positions in corporate treasuries and decentralized finance (DeFi) protocols. For Q1, total revenue reached $12.43 billion (up 11.9% year-over-year), wit

On May 6, Onchain Lens monitoring data shows Ethereum’s largest treasury, BitMine, staked an additional 157,344 ETH (≈$3.72 billion). Its total staked ETH now stands at 4,712,917, valued at $11.2 billion. Separately, two new wallets withdrew 40,000 ETH (≈$94.61 million) from Kraken, with potential ties to BitMine.

BlockBeats reported on May 6 that MoonPay has acquired DFlow, a Solana transaction infrastructure firm. DFlow counts Coinbase and Phantom wallet among its key clients, has processed over $500 billion in total transaction volume, handles roughly 10 million transactions monthly, and supports 99.9% of tokens on Solana. The acquisition is set to close as an all-stock deal valued at approximately $100 million, though MoonPay has not officially confirmed the exact figure. MoonPay CEO Ivan Soto-Wright noted that DFlow’s infrastructure will bring high-speed, reliable, and scalable capabilities to MoonPay—supporting high-frequency trading (HFT) and next-gen DeFi applications. DFlow founder Nitesh Nath said post-acquisition, the team will focus on serving emerging sectors like prediction markets.

**OpenAI Rolls Out GPT-5.5 Instant, Upgrading ChatGPT’s Default Model for All Users** Per monitoring from Voyant Beating, OpenAI has launched GPT-5.5 Instant—an upgrade to ChatGPT’s default model—now available to every user. The update delivers targeted enhancements across key areas: - **Accuracy & Hallucination Reduction**: 52.5% fewer hallucinations in high-risk domains (medicine, law, finance) and a 37.3% drop in overall inaccurate claims. - **Core Capabilities**: Boosted performance in STEM queries, image analysis, tool integration (e.g., web search), and visual reasoning. - **Response Style**: More concise (30% word count cut), with less redundant formatting, overused emojis, and unnecessary follow-ups. It retains a warm tone while cutting clutter. **Personalization & Daily Use**: The model leverages chat history, uploaded files, connected Gmail, and other context to deliver tailored suggestions/plans—with users keeping full control. In everyday conversations, it

U.S. prosecutors on May 6 recommended a lenient sentence for former Celsius executive Roni Cohen-Pavon, citing his substantial cooperation. Cohen-Pavon—formerly Chief Revenue Officer of bankrupt crypto lending platform Celsius—pleaded guilty in September 2023 to fraud and conspiracy to manipulate the price of the CEL token, in a case tied to Celsius’ 2022 collapse that caused billions in losses. In a letter to the U.S. District Court for the Southern District of New York, prosecutor Jay Clayton noted Cohen-Pavon’s willingness to testify against former Celsius CEO Alex Mashinsky—cooperation that could lead Mashinsky to enter an early guilty plea. Mashinsky was sentenced to 12 years in prison in May 2025. The prosecutor did not propose a specific sentence, instead asking the judge to apply a “significant reduction” under sentencing guidelines. Cohen-Pavon’s attorney, meanwhile, argued for “time served,” noting he has accepted full responsibility. The sentencing hearing—origin

Per monitoring from Dynasty Beating, Google announced last month it would provide Anthropic with up to 5 gigawatts of server capacity—but the two sides did not disclose the specific value of that commitment. Now, a source with knowledge of the deal says Anthropic intends to pay Google roughly $200 billion over five years, as part of an agreement set to launch next year. This commitment means Anthropic makes up more than 40% of the “revenue backlog” total Google disclosed to investors last week.