Lee Hsien Loong profited $1.27 million within 24 hours due to the market rebound.
On May 4th, according to Lookonchain data, Machi (@machibigbrother) made a profit of $1.27M in the past 24 hours due to the market rebound.
Currently, his holdings include: 13,175 Ethereum ($ETH), worth approximately $31.00M; 360 Bitcoin ($BTC), worth approximately $28.33M; 75,000 $HYPE, worth approximately $3.13M.
[PANews]
Hyperliquid’s prediction market’s first day online sees BTC market trading volume surpass Kalshi and Polymarket.
Predictefy posted data showing that, since Hyperliquid launched its event contracts (prediction markets) product, the trading volume of Bitcoin price-related event contracts on the platform has surpassed that of similar markets on Kalshi, Polymarket, and all other prediction markets within the same time frame.
Earlier news reported that Hyperliquid launched its event contracts market yesterday, with the first market being a BTC price performance market settled daily.
[Odaily]
An address that has been dormant for two years transferred over 140 Bitcoin to Kraken.
According to Onchain Lens monitoring, an address that had been dormant for two years has transferred 141.26 BTC, valued at $11.16 million, to Kraken.
[Foresight News]
A new wallet deposited $1.00 million on HyperLiquid to open a 10x leveraged long position in $CL.
OnchainLens monitoring shows that a newly created wallet deposited $1 million USDC into HyperLiquid and opened a long position on $CL with 10x leverage.
[PANews]
Binance Updates Fiat Trading Market Maker Program, Adds KZT Market Tier
According to the official announcement, Binance announced that it will update the fiat trading market maker program. Starting from May 04, 2026, at 16:00 (UTC+8), the KZT market level will be added to the fiat market maker program.
The percentage requirement for Level 1 maker volume is 0.5%, and the percentage requirement for Level 2 maker volume is 1.0%; after qualification, the Level 1 maker fee rate is -0.005%, and the Level 2 maker fee rate is -0.010%. The new fiat market qualification review will take effect from May 04, 2026, at 16:00 (UTC+8).
Market maker accounts will be reviewed weekly according to the new activity review mechanism; starting from May 12, 2026, at 08:00 (UTC+8), maker fee rebates will be distributed based on the market maker’s trading performance in the designated spot fiat market last week.
[Odaily 星球日报]
Last week, the SOL spot ETF saw a net outflow of $1.24 million, while XRP saw a net outflow of $35,200.
According to SoSoValue data, last week (Eastern Time, April 27 to May 1), SOL spot ETFs experienced a net outflow of $1.24 million, of which the Grayscale SOL Trust (GSOL) had a net outflow of $1.2396 million, and the remaining 7 ETFs had no capital flow. Currently, the total net asset value of SOL spot ETFs is $858.00 million, with a cumulative net inflow of $1.020 billion.
During the same period, XRP spot ETFs experienced a net outflow of $35,200.00, Bitwise ETF XRP experienced a net outflow of $3.7080 million, and Canary ETF XRPC experienced a net inflow of $2.2018 million. As of press time, the total net asset value of XRP spot ETFs is $1.060 billion, with a cumulative net inflow of $1.290 billion.
[PANews]
Bisq protocol was attacked, 11.00 BTC was stolen, compensation plan is under discussion
May 4th news, according to Bisq’s official news, the protocol was recently attacked due to a lack of verification mechanisms, resulting in the theft of approximately 11.00 BTC, mainly involving altcoin transactions. The attacker exploited a negative miner fee vulnerability to transfer funds to their own account through multi-signature transactions.
Currently, Bisq is discussing compensation plans, and victims can choose to be compensated in Bitcoin or BSQ tokens, but this needs to be implemented after a DAO vote, which is expected to be determined after the end of the DAO cycle on May 25th.
Bisq stated that it has fixed the vulnerability and plans to release a patch update, while strengthening the security review of the code base, focusing on preventing vulnerabilities that may affect the wallet. In addition, Bisq reminds users to temporarily reduce the amount of BTC stored in their wallets. The official believes that although this event is serious, it is controllable and hopes to provide a security warning for other projects.
[PANews]
Binance: Holding at least 220 Alpha points will allow you to claim an airdrop of 2,000 BILL tokens.
Binance Alpha launched Billions Network (BILL) for its first listing and opened trading at 15:00 Beijing Time on May 4.
Users holding at least 220 Binance Alpha points can claim an airdrop reward of 2,000 BILL tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the point threshold will automatically decrease by 5 points every 5 minutes.
[PANews]
Senior official of the Bank of Korea: Inflation risks are increasing; it is time to consider raising interest rates.
Ryoo Sangdai, Senior Deputy Governor of the Bank of Korea, said that since economic growth does not seem likely to fall significantly below the central bank’s earlier forecasts, and inflation may exceed previous expectations, it is time to consider raising interest rates. Ryoo is also a member of the Monetary Policy Committee of the Bank of Korea. He cited the fact that economic resilience was higher than expected after the outbreak of the Middle East war, and that inflationary pressures were rising.
The Bank of Korea has kept its benchmark policy interest rate unchanged since July last year. In February this year, the Bank of Korea forecast economic growth of 2.00% this year and an inflation rate of 2.20%. While policymakers initially expected the turmoil in Iran to drag down economic growth and push up prices, recent data showed that the growth outlook has not deteriorated as much as feared due to strong semiconductor shipments, and inflation risks have increased.
Regarding the won exchange rate, Ryoo said that from an economic fundamentals perspective, the won is still weaker than in the past, although the market does not seem to think the current level is a big problem. The won recently touched its lowest level against the dollar since the global financial crisis.
Speaking about concerns about the economy’s reliance on semiconductors, Ryoo said the key risk is whether the cycle turns or the spillover effect is lower than expected, rather than the industry’s rising share itself.
[Odaily]
Whale “pension-usdt.eth” is currently at a floating loss of over $16.00 million on its Bitcoin and Ethereum long positions.
According to Onchain Lens monitoring, as the crypto market rebounds, the 3x leveraged long positions in Bitcoin and Ethereum held by the whale “pension-usdt.eth” are now underwater by over $16.00 million.
[Odaily]
Iranian media: The Iranian proposal does not include opening the Strait of Hormuz.
According to Iran’s Fars News Agency, Iran’s 14-point proposal is a response to the U.S.’s 9-point proposal.
Contrary to Al Jazeera’s report, the proposal does not include Iran freezing its uranium enrichment activities for 15 years or opening the Strait of Hormuz.
[Odaily]
Morgan Stanley: It will still take time for Bitcoin to enter US bank balance sheets
Morgan Stanley’s Head of Digital Asset Strategy, Amy Oldenburg, stated at the Bitcoin conference in Las Vegas that while Bitcoin is expected to enter US bank balance sheets in the future, it currently faces multiple obstacles, including Federal Reserve guidance, Basel Agreement rules, and global regulations.
Morgan Stanley’s first bank-issued Bitcoin ETP (MSBT), launched earlier, attracted over $100.00M in funds within six days of its launch, despite not yet being open through financial advisor channels.
Although the bank recommends a 2-4% Bitcoin allocation, advisor adoption remains low, indicating that education needs to be strengthened.
[PANews]
Iran: The Strait of Hormuz Will Not Return to Its Pre-War State
Iranian Parliament Deputy Speaker Ali Nikzad emphasized in an interview on the coast of the Strait of Hormuz that “the Strait of Hormuz will not return to its pre-war state, and Iran will never take a step back from the Strait of Hormuz.”
Nikzad said that the parliament will approve a “Strait of Hormuz Management Law,” which includes: permanently prohibiting Israeli ships from passing through this key waterway; ships from “hostile countries” must pay “war reparations” to obtain passage permits; and other ships must obtain Iranian authorization to pass.
[Odaily]
Today’s Market Pulse
Crypto markets display divergent sentiment as large traders profit from rebounds while others face significant liquidation risks, alongside growing institutional adoption hurdles amid rising inflationary pressures.
Key Themes
Market Volatility & Whale Activity
The market continues to exhibit sharp swings, with prominent trader Lee Hsien Loong capitalizing on the rebound to secure $1.27M in profits, while a notable whale “pension-usdt.eth” faces $16M in floating losses on leveraged positions. This dichotomy highlights the high-stakes environment where market timing remains critical, with implications for short-term liquidity and funding rate dynamics across derivatives platforms.
Institutional Adoption Hurdles
Despite the successful launch of Morgan Stanley’s Bitcoin ETP ($MSBT) attracting $100M in inflows, the path for Bitcoin integration into traditional banking remains fraught with regulatory obstacles. Simultaneously, SOL and XRP spot ETFs experienced modest outflows ($1.24M and $35,200 respectively), suggesting early-stage investor fatigue or profit-taking rather than sustained rejection of the asset class.
Exchange Innovation & Security Concerns
Hyperliquid demonstrates strong market traction with its prediction markets product surpassing established competitors like Kalshi and Polymarket in BTC-related trading volume. Conversely, the Bisq protocol suffered a significant security breach resulting in 11 BTC theft, underscored the ongoing challenges facing decentralized exchanges in maintaining robust security frameworks while maintaining user accessibility.
Macroeconomic Pressures
Rising inflationary pressures, as evidenced by comments from the Bank of Korea’s Senior Deputy Governor Ryoo Sangdai regarding potential interest rate hikes, could impact crypto valuations. These monetary policy decisions may create headwinds for risk assets, including cryptocurrencies, particularly as institutional adoption remains nascent.
RichSilo Verdict
Sophisticated investors should monitor how financial institutions navigate regulatory hurdles for crypto integration, particularly regarding Morgan Stanley‘s Bitcoin ETP expansion plans. The divergence between ETF inflows/flows and trading volume trends will provide insight into retail versus institutional sentiment. Additionally, the response of exchanges to security incidents like the Bisq breach and the evolving Hyperliquid prediction markets could signal structural shifts in crypto trading patterns. The interplay between rising interest rate expectations and crypto performance remains a critical risk factor requiring active portfolio management.
