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💰 Strive's Jeff Walton responds to Coffeezilla calling $STRC a Ponzi scheme.
He stated, "The difference between a Ponzi scheme and a capital management vehicle is that a Ponzi scheme doesn't have reserves. A capital management vehicle does."
Walton added, "Almost 100% of insurance claims paid out are funded by premiums they collect. Does that make an insurance company a Ponzi scheme?"
He stated, "The difference between a Ponzi scheme and a capital management vehicle is that a Ponzi scheme doesn't have reserves. A capital management vehicle does."
Walton added, "Almost 100% of insurance claims paid out are funded by premiums they collect. Does that make an insurance company a Ponzi scheme?"
🕵️ April +$1.97B in $BTC-#ETF inflows
May is running a 9-day green streak with $2.7B.
Two months are stacked with no decisive break above $82K.
Either absorption is being matched dollar-for-dollar by sellers, or the breakout is being saved up.
May is running a 9-day green streak with $2.7B.
Two months are stacked with no decisive break above $82K.
Either absorption is being matched dollar-for-dollar by sellers, or the breakout is being saved up.
📌 Top 5 News for 24 Hour:
1. Apple and Intel agreement for chip production. →
👁 187 | ❤️ 0 | 🔁 4
2. Jeff Walton defends $STRC against Ponzi scheme accusations. →
👁 143 | ❤️ 0 | 🔁 4
3. Bitcoin drops to $79,340, Fear & Greed at 47. →
👁 213 | ❤️ 1 | 🔁 3
4. Crypto market sees $356M inflow in April, $101M in single-day May surge; BlackRock, Fidelity →
👁 208 | ❤️ 1 | 🔁 3
5. Department of War releases UFO and potential alien life files. →
👁 221 | ❤️ 0 | 🔁 3
| | |
1. Apple and Intel agreement for chip production. →
👁 187 | ❤️ 0 | 🔁 4
2. Jeff Walton defends $STRC against Ponzi scheme accusations. →
👁 143 | ❤️ 0 | 🔁 4
3. Bitcoin drops to $79,340, Fear & Greed at 47. →
👁 213 | ❤️ 1 | 🔁 3
4. Crypto market sees $356M inflow in April, $101M in single-day May surge; BlackRock, Fidelity →
👁 208 | ❤️ 1 | 🔁 3
5. Department of War releases UFO and potential alien life files. →
👁 221 | ❤️ 0 | 🔁 3
| | |
🏦 Senate Banking Committee Schedules Crypto Clarity Act Vote For May 14 At 10:30 AM EST.
📊 Arthur Hayes: 99% of Altcoins Going to Zero Does Not Mean the End of the Industry
On May 5, 2026, during a CoinDesk interview at Consensus, BitMEX co-founder Arthur Hayes stated that altcoins will never die despite institutional adoption.
He believes that while 99% of altcoins will go to zero, this mirrors the stock market: over a long period since 1929, about 98% of S&P 500 companies have also gone to zero, making most stocks shitcoins as well.
He expressed that 24/7 crypto trading merely compresses this cycle, and it remains a good model for raising capital and innovation.
On May 5, 2026, during a CoinDesk interview at Consensus, BitMEX co-founder Arthur Hayes stated that altcoins will never die despite institutional adoption.
He believes that while 99% of altcoins will go to zero, this mirrors the stock market: over a long period since 1929, about 98% of S&P 500 companies have also gone to zero, making most stocks shitcoins as well.
He expressed that 24/7 crypto trading merely compresses this cycle, and it remains a good model for raising capital and innovation.
💰 Michael Saylor: Bitcoin Frees Your Money From Any Single Bank
In a May 1 interview with Peter McCormack, Strategy founder Michael Saylor emphasized that Bitcoin allows individuals who distrust banks, governments, or each other to create a "viral bank" in cyberspace, collectively maintained. He stated that Bitcoin is currently the best technology for transferring economic energy, as it enables rapid asset transfers during crises, avoiding reliance on any single country or bank.
In a May 1 interview with Peter McCormack, Strategy founder Michael Saylor emphasized that Bitcoin allows individuals who distrust banks, governments, or each other to create a "viral bank" in cyberspace, collectively maintained. He stated that Bitcoin is currently the best technology for transferring economic energy, as it enables rapid asset transfers during crises, avoiding reliance on any single country or bank.
🥷 Aave: rsETH Recovery Enters Phase II, Attacker's Positions Liquidated
Aave has launched Phase II of its rsETH recovery plan, confirming the liquidation of the attacker's Aave V3 positions on May 6. The Arbitrum DAO voted to return $71 million in recovered ETH to Aave users, but the funds were temporarily frozen due to a judgment against North Korea.
A court has now allowed the transfer of these restricted assets to Aave LLC. In the interim, Aave will borrow funds to address the shortfall until the assets are legally returned. Additionally, Aave will burn the liquidated rsETH to counteract the hacker's inflated supply and gradually restore bridge withdrawals and normal operations. #regulation
Aave has launched Phase II of its rsETH recovery plan, confirming the liquidation of the attacker's Aave V3 positions on May 6. The Arbitrum DAO voted to return $71 million in recovered ETH to Aave users, but the funds were temporarily frozen due to a judgment against North Korea.
A court has now allowed the transfer of these restricted assets to Aave LLC. In the interim, Aave will borrow funds to address the shortfall until the assets are legally returned. Additionally, Aave will burn the liquidated rsETH to counteract the hacker's inflated supply and gradually restore bridge withdrawals and normal operations. #regulation
🤔 The Senate Banking Committee plans to vote on the market structure bill on Thursday.