All three major U.S. stock indices closed lower, while COIN rose more than 6.27%.
On May 5th, according to Bybit market data, the three major U.S. stock indexes collectively closed lower, with the Dow Jones down 1.03%, the Nasdaq down 0.03%, and the S&P 500 index down 0.25%.
Crypto concept stocks generally rose, with COIN (Coinbase) up 6.27% during the day; HOOD (Robinhood) up 3.88% during the day.
[PANews]
Haun Ventures closes $1.00 billion new fund, expanding into AI agent and crypto investments
May 4th news, according to Bloomberg, Haun Ventures, a venture capital firm founded by former Katie Haun (formerly a general partner at Andreessen Horowitz and a U.S. federal prosecutor), has completed a new round of fundraising totaling $1.00B.
This round of funding is divided into approximately $500.00M each for early and late-stage funds, which will be mainly invested in crypto and blockchain startups in the next 2 to 3 years, while further expanding to cross-over tracks such as AI Agents, Fintech, and alternative assets.
Haun said that the fund will adopt a global investment strategy in the future, focusing on emerging companies that integrate financial services, artificial intelligence, and on-chain infrastructure, continuing its long-term investment layout in the field of digital assets.
[PANews]
Binance Launches Withdrawal Protection Feature to Prevent Account Asset Theft Through Physical Threats
Binance Launches Withdrawal Protection Feature to Prevent Account Assets from Being Stolen Through Physical Threats. Binance says the feature allows users to freeze their accounts for 1 to 7 days to prevent on-chain withdrawals. A stricter mode will completely prohibit early unlocking.
Binance Chief Security Officer Jimmy Su said that while Binance claims it has no right to unlock, the irrevocability of the lock is not a hard guarantee, but rather Binance’s internal policy, so the lock does not prevent law enforcement from taking action against relevant accounts.
[Foresight News]
Gold and silver generally fell, crypto volatility was mixed, and EVIX fell 1.45% intraday.
According to the latest data from Gate, the price of gold has fallen to $4,564.56 per ounce, with a daily decrease of 1.08%. The price of silver has fallen to $73.812 per ounce, with a daily decrease of 1.99%.
BVIX (BTC Volatility Index) is currently quoted at 40.73, with a daily increase of 1.04%. EVIX (ETH Volatility Index) is currently quoted at 55.20, with a daily decrease of 1.45%.
In terms of foreign exchange, the US dollar against the offshore RMB (USD/CNH) fell by 0.07% during the day, and the current exchange rate is 6.82469. The US dollar against the Japanese yen (USD/JPY) fell by 0.03% during the day, and the current exchange rate is 157.001.
In terms of global stock indexes, the Europe 50 Index (EUSTX50) fell by 1.11% during the day, reporting 5,817.87 points; the UK FTSE 100 Index (UK100) rose by 0.06% during the day, reporting 10,359.82 points; the German DAX40 Index (GER40) fell by 0.29% during the day, reporting 24,215.30 points.
In terms of commodities, WTI crude oil fell by 0.35% during the day, reporting $104.18 per barrel. Brent crude oil rose by 0.96% during the day, reporting $115.61 per barrel.
Gate supports users to directly trade traditional financial market products within the platform, covering precious metals, foreign exchange, global stock contracts for difference (CFD), important indexes and commodities, and other types of assets in one stop, realizing the deep integration of crypto assets and traditional financial assets. Gate TradFi-related functions have been fully integrated into the Gate App and Web, users do not need to switch platforms, they can easily participate in global asset price transactions, unlock more strategies and opportunities outside the crypto market, and continue to enhance the diversified asset allocation experience.
[Odaily]
Polymarket: The Deposit Wallets feature has been launched and will gradually reduce ghost trading issues.
On May 4, decentralized prediction market platform Polymarket announced that the Deposit Wallets feature has been officially launched. New registered users will automatically receive an exclusive deposit address.
In addition, the existing “ghost fills” issue is expected to gradually decrease. The team is continuously monitoring system performance to ensure stable operation of the feature.
[PANews]
Drone attack causes fire in Fujairah oil industrial zone in the UAE
The Fujairah Media Office of the United Arab Emirates confirmed on April 4 that a fire broke out at the Fujairah Petroleum Industrial Zone due to a drone attack originating from the direction of Iran.
[Odaily]
Kraken’s parent company accuses former custody provider Etana and its CEO of illegally misappropriating $25.00 million.
According to CoinDesk, Payward, Kraken’s parent company, has accused its former custody provider Etana and its CEO of misappropriating $25.00 million in customer funds. Payward stated that Etana Custody—which is currently under bankruptcy protection—operated a “Ponzi-like” scheme, commingling custodied assets to cover operational expenses and high-risk investments, while falsely assuring customers that their assets remained intact.
Kraken claimed that when it attempted to withdraw approximately $25.00 million in reserve funds in April 2025, Etana delayed payment, citing fabricated settlement issues and other pretexts.
[Foresight News]
Account with over $1.60M in profits purchased $170,000 worth of tickets for NBA Playoffs Western Conference Semifinals G1 Spurs vs. Timberwolves
Monitoring shows that in the Polymarket “NBA Playoffs Western Conference Semifinals G1 Spurs vs. Timberwolves” prediction event, an account with profits exceeding $1.60M (address: 0x93abbc022ce98d6f45d4444b594791cc4b7a9723) purchased $170,000 worth of Spurs winning against the Timberwolves, with an average opening price of 77¢.
The NBA Playoffs Western Conference Semifinals G1 Spurs vs. Timberwolves will begin at 9:30 AM Beijing time today. Spurs player Carter Bryant will be absent from this game; Timberwolves’ DiVincenzo and Dosunmu will be absent. In addition, Edwards has received medical clearance and is expected to return today.
Continue to pay attention to the prediction market and see the changes before pricing.
[Odaily Seer]
Pavel Durov: Telegram to become the largest validator node on the TON network
On May 4, Pavel Durov, founder of Telegram, announced in his personal channel that transaction fees on the TON network have dropped by approximately 6x and are now approaching “almost zero.”
Key adjustments for the next phase include: Telegram will replace the TON Foundation as the primary driving force behind TON; Telegram will become the largest validator on the TON network; and the ecosystem’s focus will shift toward technical performance and infrastructure optimization.
Technical roadmap updates include: the launch of the new ton.org website, the release of next-generation developer tools (dev tools), and upgrades to network performance and scalability—these upgrades are expected to be rolled out within the next 2–3 weeks.
[PANews]
Coinbase will list BILL
Coinbase tweeted that it will list BILL on May 4th local time, and the BILL-USD trading pair will begin opening later today if liquidity conditions are met.
[Foresight News]
Strive discloses it has increased its Bitcoin holdings by 444 BTC, bringing its total Bitcoin holdings to 15,000 BTC.
On May 4, Matt Cole, CEO of Strive, disclosed on X that the company acquired 444 Bitcoin for approximately $33.9 million, with an average purchase price of about $76,307 per BTC.
Strive’s total Bitcoin holdings now stand at 15,000 BTC, with a quarterly Bitcoin ROI of 4.3% and a year-to-date ROI of 18.7%.
[PANews]
Former New York Fed President Dudley: The Federal Reserve Is Under Relentless Attack; Supports Powell’s Reappointment as Governor
On May 4, according to JIN10, William Dudley, former President of the Federal Reserve Bank of New York, stated that Powell’s decision to remain on the Federal Reserve Board after stepping down as Fed Chair will help reassure Wall Street and the public amid mounting pressure from President Trump to lower interest rates.
“The Fed has been subjected to relentless attacks from the president, and its independence has come under question,” Dudley said. “Powell believes that staying on the Fed Board will actually enhance external perceptions of the Fed’s independence. In my view, if he is willing, remaining on the Board is a prudent decision.”
Powell’s term as a Fed Governor expires in 2028. His choice to stay on the Board after stepping down as Chair on May 15 is uncommon in Fed history. Walsh—nominated by Trump—has articulated rationales supporting the rate cuts sought by the president.
However, traders are no longer betting on any rate cuts this year, and Dudley also noted that the case for monetary easing is “very weak.”
[PANews]
Haun Ventures’ new fund closes $1 billion in fundraising, expanding its investment scope to the AI domain
Haun Ventures, founded by former a16z partner Katie Haun, has completed a new fundraise of $1.00B. The fund will allocate capital equally to early-stage and late-stage funds and plans to invest in cryptocurrency and blockchain companies over the next two to three years.
In addition, Haun said she also plans to invest globally in a variety of startups that integrate financial services, artificial intelligence, and alternative assets.
[Foresight News]
Iranian Army Commander-in-Chief: Responded to the US military’s approach to the Strait of Hormuz by deploying missiles and drones.
The Chief of Staff of the Iranian Army stated that U.S. destroyers, relying on the stealth afforded by radar silence, believed they were approaching the Strait of Hormuz; however, Iran’s response was to unleash full firepower.
Cruise missiles and combat drones were launched into the air, and regional security is Iran’s red line.
[Jin10]
Trump: Iran will be “wiped off the face of the earth” if it attacks US ships
US President Trump: If Iran attacks US ships, it will be “wiped off the face of the earth.”
[Odaily]
Ansem: The current market resembles the “altcoin season,” but the focus has shifted to equity assets.
Ansem posted on the X platform that the current market trend is similar to “altseason,” but the focus of funds has shifted from crypto altcoins to stock assets that support 24-hour perpetual contract trading.
Its trading is mainly concentrated on the Tradexyz platform.
[Odaily Planet Daily]
Bessent: We have absolute control over the Strait of Hormuz, and Iran’s economy is on the verge of collapse.
May 4th news, according to Jinshi reports, US Treasury Secretary Scott Bessent stated that we have absolute control over the Strait of Hormuz, the Iranian economy is in a state of collapse, and the Iranians cannot control the Strait of Hormuz.
The “Freedom Plan” was not coordinated with Iran, and if the Iranians want to escalate the situation, we are willing to do so. The United States will only retaliate when attacked.
[PANews]
Optimism Foundation partners with Upbit to launch GIWA Chain
On May 4, Upbit, a cryptocurrency exchange operated by Dunamu, announced a partnership with the Optimism Foundation to jointly advance GIWA Chain, its next-generation Ethereum Layer 2 network.
Built on the OP Stack, GIWA Chain has already launched its testnet, with the mainnet scheduled for a subsequent launch. This chain will be the first deployed project within the Self-Managed tier of OP Enterprise, marking a further extension of the Optimism ecosystem into “institution-grade chain infrastructure.”
[PANews]
Solana Treasury Company DeFi Development Launches $200.00M ATM Financing Plan
Solana treasury company DeFi Development, listed on the Nasdaq, announced the launch of a $200 million At-The-Market (ATM) equity offering program to further increase its Solana holdings, replenish working capital, and support strategic development.
The company stated that proceeds from the offering will be primarily used to continue executing its Solana reserve strategy, issuing shares only when such issuance enhances the per-share SOL value held by shareholders—ensuring the financing is “accretive.”
Joseph Onorati, Chairman and CEO of DeFi Development Corp., said the company’s core mission is to continuously accumulate SOL reserves for shareholders, and this financing program provides up to $200 million in funding flexibility to enable ongoing SOL purchases when market conditions are favorable.
[Odaily]
Today’s Market Pulse
Crypto markets demonstrated notable resilience against broader traditional market weakness, with crypto concept stocks outperforming major indices while institutional flows expand into blockchain and AI crossover opportunities.
Key Themes
Institutional Adoption Accelerates
Haun Ventures’ $1 billion fund split between early and late-stage investments signals growing institutional confidence in crypto’s long-term prospects. The explicit focus on integrating financial services, AI, and blockchain infrastructure represents a strategic shift toward hybrid technologies. Strive’s 444 BTC acquisition further demonstrates institutional conviction, bringing their total holdings to 15,000 BTC.
Market Decoupling Dynamics
While traditional markets declined (Dow -1.03%, S&P 500 -0.25%), crypto concept stocks surged, with COIN rising 6.27% and HOOD gaining 3.88%. This divergence suggests capital may be rotating into digital assets despite broader macroeconomic concerns. Mixed volatility indices (BVIX +1.04%, EVIX -1.45%) indicate a complex market environment where different segments are experiencing varying sentiment.
Geopolitical Tensions and Infrastructure
Escalating Middle East tensions, including drone attacks on UAE’s oil infrastructure and Iran-US confrontations in the Strait of Hormuz, are creating potential safe-haven flows. Meanwhile, Binance‘s withdrawal protection feature and Polymarket‘s Deposit Wallets launch focus on improving user security and reducing market manipulation, respectively.
RichSilo Verdict
Sophisticated investors should monitor the developing decoupling between traditional and crypto markets, particularly watching whether institutional flows accelerate as geopolitical risks mount. The Haun Ventures’ crossover strategy between AI and blockchain represents a potentially transformative investment thesis, while the Fed’s resistance to rate cuts despite political pressure could create favorable conditions for risk assets. Key catalysts to watch include the implementation of Telegram‘s validator node transition on the TON network and the upcoming GIWA Chain mainnet launch.
