The U.S. government address deposited 3.233 ETH into Coinbase Prime, valued at $7,630.
According to Lookonchain monitoring, the U.S. government address deposited 3.233 ETH to Coinbase Prime about an hour ago, valued at 7,630 USD.
[Odaily Planet Daily News]
A U.S. government-related forfeited wallet address deposited 3.233 ETH into Coinbase Prime, worth approximately $7,630.00.
According to Lookonchain monitoring, an address related to “Glenn Olivio Seized Funds” marked by the U.S. government deposited 3.233 ETH to Coinbase Prime an hour ago, worth approximately $7,630.00.
[Foresight News]
Reports say a ship in the Strait of Hormuz was hit by a missile
Reports indicate a ship in the Strait of Hormuz was attacked by a missile.
[Golden Ten Data]
21Shares Debuts Strategy Yield ETN, Offering UK Exposure to Bitcoin-Backed Preferred Shares
21Shares launched the Strategy Yield ETN (STRC) on the London Stock Exchange, offering exposure to Strategy’s Bitcoin-backed preferred shares.
The ETN provides exchange-traded access to Stretch, a perpetual preferred stock backed by Strategy Inc.’s significant Bitcoin holdings.
Senator: The Senate will not pass the crypto bill without an ethics clause.
Senator Kirsten Gillibrand stated at the Consensus conference that the cryptocurrency market structure legislation would not pass a vote if it did not include ethics clauses. Gillibrand pointed out that members of Congress, senior government officials, and the President and Vice President must be prohibited from profiting from their insider status in the crypto industry.
Currently, several Democratic senators have expressed concerns about President Trump and his family’s crypto connections, with Bloomberg estimating that Trump has profited at least $1.40B through crypto ventures. The bill was previously blocked in the Senate due to stablecoin reward handling issues, and a compromise has now been reached, but ethical clauses have become a new obstacle.
Gillibrand said she is working with the White House and both parties to ensure that relevant content is included, and to promote the inclusion of consumer protection and anti-terrorist financing clauses, and the bill is expected to pass before the August recess.
[Odaily]
Iranian official: The US military cannot open the Strait of Hormuz even if it uses all military means
On May 6th, local time, Iranian Islamic Parliament National Security Committee member Khazrian said in an interview that the US military attempted to launch a large-scale military operation in the Strait of Hormuz the night before, but the United States was forced to announce the cessation of the operation due to Iran’s stronger counterattack.
Khazrian also said that this proves that even if the US Central Command uses all its military means, they will not be able to open the Strait of Hormuz.
[Odaily]
$516 million in futures contracts were liquidated across the entire network in the past 24 hours, primarily short positions.
According to CoinAnk data on May 6, the total liquidation amount across the global cryptocurrency derivatives market over the past 24 hours reached $516 million, including $161 million in long-position liquidations and $355 million in short-position liquidations.
The total liquidation amount for BTC was $160 million, and for ETH it was $77.719 million.
[PANews]
Ondo Finance completes first tokenized U.S. Treasury cross-border interbank exchange with JPMorgan Chase, Mastercard, and Ripple
Ondo Finance (Ondo) partnered with Kinexys by J.P. Morgan, Mastercard, and Ripple to complete the first near-real-time cross-border, cross-bank exchange of tokenized U.S. Treasury fund shares. In this pilot project, Ripple exchanged its holdings of Ondo’s short-term U.S. Government Bonds (OUSG) on the XRP Ledger.
After Ondo processed the exchange, it sent fiat payment instructions via the Mastercard Multi-Token Network; Kinexys by J.P. Morgan’s blockchain infrastructure executed the settlement, and its correspondent banking network delivered the USD funds to Ripple’s bank account in Singapore.
This project demonstrates the feasibility of public blockchain infrastructure working in tandem with interbank settlement systems, establishing a framework for global banks to conduct 24/7 real-time cross-border settlements using tokenized assets.
[Odaily]
Prospects for a ceasefire agreement between the US and Iran: The US says it is “very optimistic,” while Iran says it is still “reviewing”
On May 7, according to JINSHI News, the U.S. side has recently continued sending signals regarding ending the conflict with Iran. U.S. President Trump expressed optimism on May 6 about reaching an agreement with Iran, stating that any potential agreement might include Iran transporting its highly enriched uranium to the United States.
In response, Iran stated that, in order to cover up the failure of the U.S. “Freedom Plan,” U.S. media outlets have been publishing speculative reports and false news over the past several hours—“attempting to distort the facts.”
Iranian Foreign Ministry Spokesperson Baghaei emphasized that, regarding the U.S. stance on Iran’s 14-point proposal, Iran has not yet responded to Pakistan—the mediating party—with its official position.
[PANews]
Ripple, JPMorgan Chase, and others have completed a pilot for cross-border settlement of tokenized U.S. Treasury bonds.
Ripple, JPMorgan, Mastercard, and Ondo Finance jointly completed a cross-border settlement pilot for tokenized U.S. Treasury funds.
The transaction was executed on the XRP Ledger: First, Ondo completed the redemption of its tokenized U.S. Treasury product OUSG on-chain, then the instruction was transmitted through the Mastercard network and JPMorgan’s blockchain payment system, and finally JPMorgan completed the USD settlement to Ripple’s Singapore account.
The project team stated that this pilot has achieved real-time collaboration between blockchain and traditional banking systems, marking the beginning of the integration of tokenized assets into the global financial infrastructure.
[Odaily]
U.S. media: Iran will respond to the U.S. proposal on Thursday
On May 07, a source stated that Iran is expected to submit its response to the U.S.-proposed ceasefire agreement to mediators on Thursday.
Iran has been reviewing the proposals put forward by the U.S., and sources indicate that both sides are working toward reaching an agreement to end the war.
[TechFlow]
US Senator: A comprehensive cryptocurrency market structure bill will not pass without an ethics provision
On May 7, New York Senator Kirsten Gillibrand warned at the Consensus conference that a comprehensive cryptocurrency market structure bill would fail to reach agreement without ethics provisions. She stressed that members of Congress, senior executive branch officials, the President, or the Vice President must not be permitted to profit from these industries due to their insider status.
The handling of stablecoin rewards had previously been a major obstacle to advancing the bill; however, Gillibrand stated that bipartisan senators have reached a compromise, clearing the path for committee consideration this month. Ethics provisions, however, have now emerged as the new roadblock. Earlier, the Senate Agriculture Committee advanced its version of the bill without Democratic support—precisely because of Trump’s crypto interests.
Gillibrand is working with both parties and the White House to ensure ethics provisions are included; otherwise, the bill cannot move forward.
[PANews]
Before SpaceX goes public, institutions urge the SEC to investigate its financial situation.
Advisory firm SOC Investment Group is urging the U.S. SEC to investigate SpaceX’s financial situation before its IPO, which could value the company at over $2 trillion. The firm says the relationship between SpaceX and Musk’s other businesses is a cause for concern.
According to a letter dated May 6 and submitted to the SEC, SOC is asking the SEC to review the accuracy and reliability of SpaceX’s financial disclosures and ensure the independence of SpaceX’s auditors. SOC also urged the SEC to focus on reviewing the accounting treatment of transactions between SpaceX and Musk’s other companies.
“We are particularly concerned that an IPO of SpaceX would expose a large number of investors to a company whose value may decline after its financial disclosures are independently reviewed and verified,” the letter reads.
[Golden Ten]
VanEck: Bitcoin Could Reach $1 Million Within 5 Years
Matthew Sigel, Head of Digital Asset Research at VanEck, stated that the price of Bitcoin is expected to reach $1 million within the next five years. He compared Bitcoin’s adoption trajectory to that of a video game: progressing from an early niche audience to mass adoption, with particular optimism regarding the continued increase in allocations by young investors.
However, this forecast remains aggressive compared to the current price of approximately $80,000, and similarly bullish views in the market often originate from institutions holding Bitcoin.
[Odaily]
Project Eleven warns that the “quantum moment” or sudden arrival may occur, as early as 2030.
Quantum security company Project Eleven released a report stating that the “Q-Day” breakthrough in quantum computing’s encryption system may occur as early as 2030, and is more likely to occur around 2033.
The report points out that quantum capabilities may explode in a “non-linear leap” manner, rather than gradually evolve, and there may be a situation of “no change for a long time, followed by a sudden breakthrough.”
In extreme cases, approximately 6.900 million Bitcoin (worth over $560.00 billion) may be at risk. Currently, the industry has begun to explore response solutions including timestamp proofs and forced migration.
[Odaily]
Nvidia and ServiceNow Join Hands to Create New Autonomous AI Agents
On May 6, NVIDIA (NVDA.O) partnered with ServiceNow to develop a new autonomous AI agent.
[PANews]
Ondo Finance Completes First Tokenized U.S. Treasury Cross-Border Interbank Exchange with JPMorgan Chase, Mastercard, and Ripple
According to the official blog of Ondo Finance, Ondo Finance (Ondo) has completed its first near-real-time cross-border, cross-bank exchange of a tokenized U.S. Treasury fund in collaboration with Kinexys by J.P. Morgan, Mastercard, and Ripple.
In this pilot project, Ripple exchanged its holdings of Ondo Short-Term U.S. Government Bond (OUSG) on the XRP Ledger. After processing the exchange, Ondo sent fiat payment instructions via the Mastercard Multi-Token Network.
The transaction was settled using the blockchain infrastructure of Kinexys by J.P. Morgan, which then delivered the USD funds to Ripple’s bank account in Singapore through its correspondent banking network.
[Foresight News]
Iran and the US are expected to finalize a 14-point framework memorandum, with negotiations possibly resuming as early as next week in Islamabad.
According to The Wall Street Journal, informed sources stated that Iran and the United States are working through a mediator to finalize a one-page Memorandum of Understanding (MoU) containing 14 points, establishing a framework for a one-month negotiation aimed at ending the war. These discussion points will form the core agenda for the next round of talks, which could resume as early as next week in Islamabad.
Sources also indicated that Iran has expressed willingness to discuss its nuclear program—a shift toward a more flexible stance compared to its previous position. Key unresolved issues—including the duration of Iran’s suspension of uranium enrichment activities, whether highly enriched uranium will be removed from the country, and Iran’s insistence on maintaining a permanent regulatory role in the Strait of Hormuz—are expected to complicate final negotiations. Additionally, the timing and scope of sanctions relief may also become obstacles to progress.
Informed sources noted that, if negotiations make headway, the one-month negotiation period could be extended by mutual agreement. A spokesperson for Iran’s Ministry of Foreign Affairs stated that Iran is reviewing the proposal put forward by the United States and will convey its position to the U.S. side via the Pakistani mediator after completing its assessment.
[Golden Ten]
Trump expresses optimism again about reaching an agreement with Iran
On May 6th, local time, US President Trump stated that he is optimistic about reaching a framework agreement with Iran, believing that it is “expected to yield results.” When asked about the specific timeframe (for reaching an agreement), Trump estimated “a week.”
In an interview that day, Trump expressed optimism about the prospect of the United States reaching an agreement with Iran, saying that the possible agreement includes Iran shipping its highly enriched uranium to the United States. Trump said he felt the United States was increasingly close to reaching an agreement, “I think the chances of reaching an agreement are very high,” and that the two sides could reach an agreement next week to end the war. But he also threatened: “If they don’t agree, then we will bomb.”
When asked whether the possible agreement included Iran transferring its highly enriched uranium out of the country, perhaps to the United States, Trump replied: “Yes, not ‘perhaps,’ it will be shipped to the United States.” Trump also said that Iran will also pledge not to operate underground nuclear facilities and “will abide by this arrangement in good faith for a considerable period of time.”
[Odaily]
Coinbase has launched the BILL-USD and KAIO-USD trading pairs.
Coinbase has announced that the BILL-USD and KAIO-USD trading pairs are now fully available for trading on Coinbase Exchange and Coinbase Advanced.
Users can now trade using limit orders, market orders, and stop-loss orders.
[Foresight News]
Today’s Market Pulse
The market is navigating geopolitical tensions in the Middle East while facing critical regulatory decisions on crypto legislation and witnessing continued institutional adoption through innovative tokenized asset structures. Sentiment remains fragile with heavy short liquidations suggesting upcoming volatility.
Key Themes
Geopolitical Catalysts and Market Fragility
Tensions in the Strait of Hormuz have escalated with reports of a missile attack on a commercial vessel, while Iran and the U.S. work toward a potential ceasefire framework. The geopolitical uncertainty is amplifying market volatility, evidenced by the $516 million in futures liquidations across the past 24 hours, with short positions bearing the brunt of the damage ($355 million). The proximity of these events to global energy chokepoints suggests continued risk premium in markets until diplomatic resolution is confirmed.
Regulatory Crossroads for Crypto Legislation
The U.S. crypto market structure bill faces a new obstacle as Senator Kirsten Gillibrand insists on ethics provisions to prevent government officials from profiting from insider knowledge. This follows previous blockages over stablecoin reward handling and creates uncertainty for market participants. The bill’s fate appears contingent on addressing concerns about President Trump’s crypto interests, with bipartisan compromise already reached on stablecoin issues but new hurdles emerging around transparency and ethical conduct.
Institutional Adoption Through Tokenized Assets
A significant milestone in institutional adoption was achieved as Ondo Finance completed the first near-real-time cross-border settlement of tokenized U.S. Treasury bonds using infrastructure from JPMorgan Chase, Mastercard, and Ripple. This pilot demonstrates the feasibility of integrating blockchain with traditional banking systems for 24/7 global settlements. Concurrently, 21Shares launched the Strategy Yield ETN on the London Stock Exchange, providing institutional exposure to Bitcoin-backed preferred shares, while VanEck projected Bitcoin could reach $1 million within five years.
Quantum Computing Threat Timeline
The “Q-Day” breakthrough in quantum computing’s encryption capabilities may occur as early as 2030, potentially compromising approximately 6.9 million Bitcoin (worth over $560 billion). This looming security threat is prompting industry exploration of solutions like timestamp proofs and forced migration, adding a long-term risk factor that sophisticated investors must monitor as quantum capabilities approach a critical threshold.
RichSilo Verdict
Smart money should closely monitor the resolution of U.S.-Iran tensions, as any escalation could trigger risk-off sentiment across markets. The crypto bill’s progress remains the most significant near-term catalyst, with ethics provisions potentially creating either regulatory clarity or additional delays. The convergence of institutional adoption through tokenized assets and persistent quantum computing concerns creates a complex environment where the most sophisticated investors will be those who balance immediate opportunities with long-term structural risks.
