Movement delayed MoveDrop due to issues with the market maker

https://x.com/movementlabsxyz/status/1917719734805749868

Tether Acquires 70% Stake in Adecoagro

https://tether.io/news/tether-acquires-70-stake-in-adecoagro-signaling-strategic-expansion-into-sustainable-infrastructure/

Ethena Labs Integrates USDe into TON and Telegram Ecosystem

The partnership spans 3 major product lines, rolled out over May:

1. An integration into all major non-custodial TON wallets, such as TON Space, Tonkeeper, MyTonWallet
2. An integration into Wallet in Telegram, the custodial crypto wallet in Telegram
3. Integration into major TON DeFi applications, where Ethena will help to power trading, savings, and lending use cases

Eligible holders of Ton Staked USDe (tsUSDe) on the non-custodial wallets will get an additional 10% APY paid weekly in TON on top of native sUSDe rewards. The boost will apply to up to 10,000 tsUSDe per TON user.

Starting in May, Telegram Wallet will directly integrate Ethena, making Ethena rewards directly accessible to all users of Wallet. Ethena will power a USDT Earn vault, allowing users to stake USDT, but earn Ethena rates simultaneously. This wll make USDe the the only other dollar asset available in the wallet aside from Tether USDT on TON.

https://x.com/ethena_labs/status/1917855295335981232

Tether plans to launch a US stablecoin product by the end of 2025 or early 2026, CEO Paolo Ardoino says.

https://x.com/cointelegraph/status/1917843993821434347

World Liberty Financial's stablecoin, USD1, will be used for MGX's $2 billion investment in Binance

USD1 will integrate with the Tron ecosystem, supported by billionaire Justin Sun.

https://www.coindesk.com/business/2025/05/01/world-liberty-s-stablecoin-will-be-used-to-close-mgx-s-usd2b-binance-investment-eric-trump

Ethereum Set for UX Overhaul With New Interoperable Address Standards

Contributors are working on new ERC-7930 and ERC-7828 standards to simplify transactions on Ethereum and compatible chains.

https://decrypt.co/317259/ethereum-set-for-ux-overhaul-with-new-interoperable-address-standards

MEXC launches $300M Web3 fund, commits to ‘strategic investment’

https://cointelegraph.com/news/mexc-300m-web3-fund-strategic-investment

Morgan Stanley is working on a plan to add cryptocurrency trading to its E*Trade platform, with a potential launch next year

https://www.bloomberg.com/news/articles/2025-05-01/morgan-stanley-plans-to-offer-crypto-trading-to-e-trade-clients

DWF Labs started acquiring some tokens on open market, building its long position

https://x.com/ag_dwf/status/1917924236586348732

Tether says Treasury exposure neared $120 billion in Q1, posts $1 billion profit

https://tether.io/news/tether-approaching-120b-in-u-s-treasuries-confirms-quarterly-operating-profit-over-1b-and-strengthens-global-usd%E2%82%AE-demand-in-q1-2025/

Sky community mulls final proposal to replace MKR with SKY as sole governance token, enabling staking and USDS rewards

https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-week-of-may-5-2025/26319

Crypto venture firm dao5 closes $222 million second fund after investments in Berachain and Bittensor

https://fortune.com/crypto/2025/05/01/dao5-crypto-venture-capital-tekin-salimi-polychain-berachain-funding/

Coinbase will suspend trading for Movement (MOVE) on May 15, 2025

https://twitter.com/CoinbaseAssets/status/1917976975055950199

Injective is bringing Meta stocks onchain, allowing global users to trade via Injective’s iAsset tokenization framework in one click.

META joins NVDA, GOOGL, TSLA and MSTR as one of the first equities Injective has integrated.

https://x.com/injective/status/1917968424333935041

Aztec’s Public Testnet is live

https://x.com/aztecnetwork/status/1917926796986929192

The crypto market is growing
BTC Dominance - 63.24%

Market Cap - $3.05T
BTC - $97,153.69 (+2.44%)
ETH - $1,847.59 (+2.22%)
XRP - $2.22 (+0.81%)
BNB - $601.47 (+0.36%)
SOL - $150.66 (+1.35%)
SUI - $3.5 (+1.19%)

https://dropstab.com

Tether CEO defends decision to skip MiCA registration for USDT

https://cointelegraph.com/news/tether-ceo-defends-decision-to-skip-mi-ca-registration-for-usdt

Strategy Announces First Quarter 2025 Financial Results

• 13.7% “BTC Yield” achieved in 2025 YTD
• 61,497 “BTC Gain” achieved in 2025 YTD
• $5.8 billion “BTC $ Gain” achieved in 2025 YTD
• 553,555 bitcoin holdings at a total cost of $37.90 billion, or $68,459 per bitcoin, as of April 28, 2025
• Announces a new $21 billion at-the-market (ATM) common stock equity offering
• Increasing 2025 “BTC Yield” target from 15% to 25%
• Increasing 2025 “BTC $ Gain” target from $10 billion to $15 billion

https://www.strategy.com/press/strategy-announces-first-quarter-2025-financial-results_05-01-2025

Movement Labs suspended co-founder Rushi Manche

The move to suspend Manche comes as Coinbase delisted the MOVE token, after CoinDesk reported that Movement Labs is investigating how a market maker tied to Web3Port acquired and dumped over 5% of the token’s supply, triggering a price crash.

The MOVE token is down about 20% on the day.

https://www.coindesk.com/markets/2025/05/02/movement-labs-suspends-rushi-manche-after-coinbase-delists-move-token