📊 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.
🕵️ Delphi Digital: Zcash Advances Quantum-Resistant Roadmap, Recoverable Wallet Integration Underway
Delphi Digital released a report on Zcash (#ZEC), noting its repositioning as a privacy and quantum-resistant complement to Bitcoin.
The report highlights that Zcash's shielded pool supply has surged from approximately 11% in early 2025 to around 30%, indicating a growing demand for privacy usage.
Zcash is also advancing its quantum-resistant roadmap, aiming for protocol-level post-quantum privacy via the Tachyon upgrade by late 2026, with plans for quantum-recoverable wallet integration in 2026 and long-term post-quantum soundness.
Delphi Digital released a report on Zcash (#ZEC), noting its repositioning as a privacy and quantum-resistant complement to Bitcoin.
The report highlights that Zcash's shielded pool supply has surged from approximately 11% in early 2025 to around 30%, indicating a growing demand for privacy usage.
Zcash is also advancing its quantum-resistant roadmap, aiming for protocol-level post-quantum privacy via the Tachyon upgrade by late 2026, with plans for quantum-recoverable wallet integration in 2026 and long-term post-quantum soundness.
📊 Coinbase Buys $88M in Bitcoin in Q1 2026, Reaching 16,492 BTC
Coinbase disclosed during its Q1 2026 earnings call that it purchased $88 million worth of Bitcoin in the first quarter, expanding its corporate BTC reserves.
The company currently holds 16,492 BTC, an increase of 1,103 BTC from its previous disclosure, valued at approximately $1.3 billion at current prices.
Coinbase disclosed during its Q1 2026 earnings call that it purchased $88 million worth of Bitcoin in the first quarter, expanding its corporate BTC reserves.
The company currently holds 16,492 BTC, an increase of 1,103 BTC from its previous disclosure, valued at approximately $1.3 billion at current prices.
📊 #ETH According to , citing DeFiLlama data, Ethereum's share of Total Value Locked (TVL) in DeFi has decreased from 63.5% at the start of 2025 to approximately 54% as of May 7. This marks its lowest level since May 2025. Despite the decline in market share, Ethereum still maintains its leading position with a current TVL of around $45.4 billion.
🐳 48,200 BTC net-exited venues in 30 days, including a single-day record 32,000 BTC withdrawal.
ETFs are absorbing 33–44 days of mining output every single week.
Whale wallets (>1,000 BTC) added 142 since November and bought 270,000 BTC in 30 days — the biggest monthly accumulation since 2013.
Our Exchange Flux Balance has been printing the structural drain in real time.
ETFs are absorbing 33–44 days of mining output every single week.
Whale wallets (>1,000 BTC) added 142 since November and bought 270,000 BTC in 30 days — the biggest monthly accumulation since 2013.
Our Exchange Flux Balance has been printing the structural drain in real time.