Crypto Pro Updates
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πŸš€ CryptoProUpdates – Stay ahead in crypto!
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πŸ“Œ Top 5 News for 24 Hour:

1. Canary Capital files for $PEPE spot ETF, memes influence SEC. β†’
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2. New wallet opened 6x long position on $TON. β†’
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3. Jack Mallers explains Bitcoin impact on housing prices. β†’
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4. Bitcoin outperforms gold by 36% amid Iran conflict. β†’
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5. Experts dismiss Quantum threat to Bitcoin. β†’
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πŸ•΅οΈ #BTC Open interest in Bitcoin is at its highest level in over 109 days.
πŸ•΅οΈ Strategy Q1 2026 Results: $12.54 billion Net Loss Amid $14.46 billion Unrealized Bitcoin Loss

Strategy Inc reported a net loss of approximately $12.54 billion for the first quarter of 2026, primarily due to a $14.46 billion unrealized loss on its bitcoin holdings. As of May 3, the company held approximately 818,334 BTC, up 22% year-to-date, with an average purchase price of about $75,537 per bitcoin. The carrying value of its digital assets was approximately $61.81 billion.
πŸ†• $MEGA listed on Robinhood spot
Second leg is coming
πŸ—£ Strategy's Phong Le says $STRC is the largest tradable preferred in the world, 2x the size of Wells Fargo preferreds.
πŸ—£ Saylor: We Will Probably Sell Some Bitcoin to Pay a Dividend Just to Inoculate the Market Just to Send the Message That We Did It
πŸ‡ΊπŸ‡ΈπŸ—£ President Trump says the US attempt at opening the Strait of Hormuz, dubbed 'Project Freedom', will be paused as negotiations with Iran continue.
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πŸ—£ Luke Rudkowski: "If you want to stop the war machine, you have to stop the money printing machine, which means we have to end the Fed.

"With Bitcoin... END THE FED." #macro
πŸ•΅οΈ Bitmine staked 157,344 $ETH worth $372.39M. They now have 4,712,917 $ETH worth $11.12B in staking.

Also, 2 newly created wallets withdrew 40,000 $ETH ($94.61M) from Kraken, likely belonging to Bitmine.
πŸ˜±πŸ€‘ Fear & Greed Index for #ETH
πŸ“Š Arbitrum Security Council Member: Aave is Too Loose with Liquid Staking Tokens

Griff Green, a member of the Arbitrum Security Council, asserts that lending protocols like Aave are too lenient with liquid staking tokens, neglecting significant technical risks. He emphasizes that the primary threat is not smart contract bugs but operational security issues, such as leaked private keys. With North Korean hackers increasingly employing social engineering tactics, the crypto industry must urgently enhance its security standards to align with those of established tech companies.
🐳 Whales/institutions are accumulating $HYPE.

Wallet 0xb5E4 has received 1.22M $HYPE ($52.28M) from Wintermut, GalaxyDigital, #OKX, Bybit, Gateio, and Kraken over the past 3 weeks.
πŸ•΅οΈ It seems that Tom Lee's Bitmine bought another 40,000 $ETH for $94.68M eight hours ago.
πŸ’° Colombian President Petro Says Caribbean Region Could Become Bitcoin Mining Hub

Colombian President Gustavo Petro stated that Venezuela and Paraguay are drawing bitcoin mining investments due to their abundant clean energy resources. He suggested that Colombia’s Caribbean region could similarly develop as a bitcoin mining hub.

Petro cautioned that virtual currencies reliant on fossil fuels could exacerbate global warming and emphasized the importance of engaging with the WayΓΊu indigenous community to make them co-owners of potential mining projects.
πŸ“Š Privacy trading infrastructure Gh0st announced that it has officially launched on the BNB Chain.

The Gh0st privacy stack utilizes complex orchestration across dozens of wallets to break the link between a user’s main wallet and trade execution. This feature allows individuals to move in silence and eliminate copy trading by controlling how their on-chain activity is observed.
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🐳 A whale deposited $2.1M $USDC into HyperLiquid to increase its $HYPE holdings.

The whale currently holds 82,772 $HYPE worth $3.6M, with a floating profit of ~$144K.
πŸ—£ Trump stated that the U.S. attempt to open the Strait of Hormuz will be paused as negotiations with Iran continue. #macro
πŸ•΅οΈ Vitalik Buterin: Why Consortium Blockchains Have Almost Completely Failed

Ethereum co-founder Vitalik Buterin declared the original vision of consortium blockchains a failure in a July 20, 2024 Arbitrum video. He noted that these private chains inherit the drawbacks of both centralized and decentralized systems, resulting in cartel-like structures devoid of real openness or privacy.

As a viable alternative, Buterin proposed retrofitting existing centralized servers with cryptographic scaffoldingβ€”anchoring proofs and Merkle roots on-chain to enhance security without overhauling current infrastructure.
πŸ˜±πŸ€‘ Fear & Greed Index for #BTC
πŸ—£ #XRP CEO of Ripple states that the market structure bill is not yet a "done deal," despite reaching a compromise on stablecoins.

According to TD Cowen, the debate over stablecoin yields could delay the passing of the cryptocurrency market bill, with no compromise reached yet. #stablecoin