JUDGE CLEARS PATH FOR AAVE TO MOVE $71 MILLION IN ETH LINKED TO NORTH KOREA HACK

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WEEKLY BRIEF May 3–May 10, 2026

Headlines
• Stablecoin startup Rain valued at $1.95 billion; plans to issue Mastercard-integrated cards for institutions.
• Crypto exchange Bullish to acquire transfer agent Equiniti for $4.2 billion in tokenization push.
• Coinbase to cut 14% of workforce as CEO Brian Armstrong cites AI shift and market downturn.
• FalconX and Sygnum partner to launch tokenized credit offering for institutional clients.
• Kraken to enable crypto cash-outs at MoneyGram locations in over 100 countries.
• Jito introduces JTX, an all-in-one on-chain trading platform.
• MicroStrategy posts Q1 unrealized loss of $12.5B; Saylor suggests potential BTC sales for dividends.
• Kraken acquires Asian-based stablecoin infrastructure company Reap for $600 million.
• Kraken parent company seeks OCC charter to become a federal crypto bank.
• LayerZero blocks 1/1 DVN setups and plans post-mortem following KelpDAO hack oversight.

Weekly ETF Flows
• BTC: +$99.3M net inflows
• ETH: +$9.0M net inflows
• SOL: +$35.9M net inflows

Exchange Listings
• Bybit: $BILL (spot, futures), $CRCL (futures), $EWJ (futures), $EWY (futures)
• Binance: $AMD (futures), $QCOM (futures), $USAR (futures), $BILL (futures)
• Upbit: $WIF (spot, KRW), $B3 (spot, KRW), $PROS (spot, KRW)
• Coinbase: $KAIO (spot), $NEX (roadmap)
• Robinhood: $MEGA (spot), $BLEND (spot)
• Bithumb: $EDGEX (spot), $PROS (spot)
• Hyperliquid: GME, XLE, LITE, DRAM, MRVL, BX, RKLB, EWZ, EBAY, ZM (HIP-3)

Regulatory
• DOJ probes $2.6B in suspicious oil trades timed ahead of President Trump announcements.
• U.S. Treasury Department demands Binance compliance following reports of Iranian crypto activity.
• Judge clears path for Aave to move $71 million in ETH linked to North Korea hack.

Market Flows
• MegaETH completes its first mega buyback utilizing USDm rewards.

CIRCLE RAISES $222 MILLION FROM BLACKROCK, APOLLO AND OTHERS IN ARC TOKEN PRESALE VALUED AT $3 BILLION

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CIRCLE RAISES $222 MILLION FROM BLACKROCK, APOLLO AND OTHERS IN ARC TOKEN PRESALE VALUED AT $3 BILLION: CNBC

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STRATEGY HAS ACQUIRED 535 BTC FOR ~$43.0 MILLION AT ~$80,340 PER BITCOIN

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STRATEGY BUYS $43M OF BTC OVER PAST WEEK, AT AVERAGE PRICE OF $80,340: FILING

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PAYWARD RAISES FRESH FUNDING AT $20 BILLION VALUATION, SOURCES SAY

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ETF Flows: 11 May 2026

🟢 Bitcoin ETFs: $27.2M net inflows

🔴 Ethereum ETFs: -$17.0M net outflows

🟢 Solana ETFs: $26.6M net inflows

$VVV listed on Upbit spot (KRW)

via @NewListingsFeed

$CRWV listed on Bybit futures — Trade now

via @NewListingsFeed

Apologies, third-party source seems to be posting last month's CPI data.

TOTAL CPI MOM = 0.6, TOTAL CPI YOY = 3.8 CORE CPI MOM = 0.4, CORE CPI YOY = 2.8

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U.S. CPI: +3.8% YEAR-OVER-YEAR EST. +3.7%
U.S. CORE CPI: +2.8% YEAR-OVER-YEAR EST. +2.7%

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POLYMARKET INDICATES THAT CEREBRAS WILL CLOSE AT $256 PER SHARE ON ITS FIRST DAY OF TRADING FOLLOWING IPO, WHILST THE IPO IS EXPECTED TO BE PRICED AT $150-$160 PER SHARE: MARKET

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GOOGLE IN TALKS WITH SPACEX TO LAUNCH DATA CENTERS IN ORBIT: WSJ

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