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The three major U.S. stock indices closed lower today. - S&P 500: -0.41% - Nasdaq: -0.19% - Dow Jones: -1.13%

Tether Gold's (XAUT) gold reserves surpassed 154 tons, valued at approximately $3.3 billion, in the first quarter, marking a 36% increase from the previous quarter, Cointelegraph reported. This growth comes as investor demand for gold rises amid macroeconomic uncertainty stemming from the war in Iran. At the end of the quarter, 707,741 XAUT tokens were in circulation, with each token backed by one troy ounce of physical gold in the company's reserves.

Aave has filed an emergency motion in federal court seeking to lift an order that froze approximately $73 million worth of Ethereum linked to the KelpDAO attack. According to The Block, the motion challenges a May 1 order that prevented Arbitrum from moving the recovered funds. Aave countered that these claims are based on unproven speculation that the North Korean hacking organization Lazarus Group was behind the attack. The company further argued that even if this were true, temporary possession of stolen assets does not confer ownership. Aave founder Stani Kulechov emphasized that a thief cannot own what they have stolen and that the funds belong to the victims, stating the matter is not up for debate.

U.S. President Donald Trump criticized Federal Reserve Chairman Jerome Powell, referring to him as "Mr. Too Late" and describing him as a disaster for the United States. Trump repeatedly insisted that interest rates are too high.

Prediction markets are evolving from speculative platforms for retail investors into institutional-grade financial products, according to a report from U.S. investment bank Bernstein. The report noted that institutional investors are increasingly drawn to these markets because they offer a way to hedge specific event risks—such as tariffs, elections, and geopolitical shifts—through simple yes-or-no contracts. Bernstein highlighted a recent, first-of-its-kind custom institutional block trade on Kalshi as a significant milestone. The introduction of block trades, which are typically large and privately negotiated between institutional investors, and custom contracts could expand participation from investors seeking targeted exposure to specific event risks, the report explained.

Nine residents in Texas have filed a lawsuit against MARA Holdings, citing noise, health concerns, and a decline in property values, Decrypt reported. The plaintiffs allege that the company's Bitcoin mining facility generates constant noise, vibrations, and low-frequency sounds that disrupt their daily lives and negatively affect their health. They are seeking over $1 million in damages and have requested a jury trial. The suit was filed in the U.S. District Court for the Northern District of Texas.

Russian President Vladimir Putin has decided to implement a ceasefire on the Ukrainian front from May 8 to 9, Russian state-run RIA Novosti news agency reported on May 4. The decision comes ahead of Victory Day on May 9, which commemorates the end of World War II.

Canadian digital technology and financial services provider Tetra Trust has launched CADD, a stablecoin pegged to the Canadian dollar (CAD), CoinDesk reported. The stablecoin is the first of its kind to be issued by a regulated Canadian financial institution and has received approval from the Alberta Treasury Board and Finance. CADD is designed for institutional investors, aiming to replace traditional batch systems for use cases such as 24/7 cross-border payments, real-time corporate treasury management, and fintech transfers. It is available on major blockchains including Base, Ethereum, and Tempo, with support for Solana planned for the future. Canadian multinational e-commerce company Shopify and the National Bank of Canada are part of the project's consortium.

Coinbase has partnered with Kemet, a provider of crypto derivatives Order and Execution Management Systems (OEMS) and Portfolio Management Systems (PMS), BlockBeats reported. The partnership will integrate the Coinbase exchange and Deribit into the Kemet platform, allowing institutional clients to access Coinbase's trading platform through a single interface to process spot, futures, and options orders. As part of the agreement, Coinbase Ventures will make a strategic investment in Kemet, though the specific details have not been disclosed.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Stablecoin startup Rain has secured Principal Member status with Mastercard, The Block reported. This designation allows the company to issue stablecoin-based credit and prepaid cards directly on the Mastercard payment network. Rain also maintains a partnership with Visa.

Telegram founder Pavel Durov said the company plans to take over major operations for TON from the TON Foundation and participate as its largest validator, Wu Blockchain reported. The project will also focus on improving its technical performance. Over the next two to three weeks, TON is expected to release a new website, developer tools, and performance upgrades.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

The U.S. Depository Trust & Clearing Corporation (DTCC) has announced plans to begin trading tokenized securities in July, with a full platform launch scheduled for October, CoinDesk reported. The service will be integrated into the DTCC's Depository Trust Company (DTC) system, enabling companies to issue digital versions of their assets while maintaining identical ownership rights and protections. This initiative was developed with feedback from over 50 firms, including BlackRock, Goldman Sachs, JPMorgan, Anchorage, and Circle. The media outlet noted that the DTCC's entry into the real-time tokenization market will add momentum to Wall Street's push into blockchain.

Circle surged 16% over the weekend after U.S. lawmakers reached a compromise on the Clarity Act, a crypto regulation bill, CNBC reported. The agreement would allow stablecoin interest programs to continue under certain conditions. Other related stocks also saw gains, with USDC distribution partner Coinbase rising approximately 7%. BitGo and Galaxy Digital climbed 12% and 5%, respectively.

The United Arab Emirates' Fujairah Media Office confirmed on May 4 that a fire broke out at the Fujairah Oil Industrial Complex following a drone attack launched from the direction of Iran.

Crypto investment firm Haun Ventures has raised $1 billion for a new fund. According to Unfolded, the capital will be invested over the next two to three years in companies related to cryptocurrency and blockchain. The firm also plans to expand its investment scope to include startups in financial services, artificial intelligence (AI), and alternative asset integration.

According to CoinNess market monitoring, BTC has risen above $80,000. BTC is trading at $80,118.35 on the Binance USDT market.

Binance has introduced a withdrawal protection feature allowing users to temporarily block their own withdrawals for one to seven days to counter cryptocurrency hacking attacks. According to CoinDesk, this is an on-chain withdrawal lock that users can set themselves. Once activated, the exchange cannot disable it, with the only exception being an order from a law enforcement agency. Binance Chief Security Officer (CSO) Jimmy Su explained that the feature was developed to address physical threats, particularly those targeting cryptocurrency holders.

KWave Media (KWM), a Nasdaq-listed South Korean entertainment company, has announced it will reinvest up to $485 million previously secured for its Bitcoin treasury strategy into artificial intelligence (AI) infrastructure. According to Cointelegraph, KWM will allocate the funds toward data centers, GPU computing operations, and related AI investments under a modified securities purchase agreement with Anson Funds. The company explained the move is intended to facilitate debt reduction and restructuring. KWM first announced its Bitcoin treasury strategy in 2025 as part of a capital market reorganization plan.

Data from prediction market Polymarket shows a 64% probability that U.S. President Donald Trump will sign market structure legislation for crypto this year.

Circle announced it has secured approval from the EU to provide cryptocurrency asset services. This allows the company to offer custody and transfer services for USDC and EURC across the European Economic Area (EEA).

Tokenized securities platform Securitize announced via X that it has expanded its broker-dealer scope after its Continuing Membership Application (CMA) was approved by the U.S. Financial Industry Regulatory Authority (FINRA). With this approval, Securitize has become the first broker-dealer authorized to provide custody for security tokens. The company can now offer a comprehensive infrastructure for on-chain Initial Public Offerings (IPOs), process atomic swaps between security tokens and stablecoins, and handle on-chain clearing and settlement in a single transaction, simplifying its operational procedures. Furthermore, Securitize can now act as an underwriter or a member of a selling group in public offerings of security tokens.

The three major U.S. stock indices opened mixed today. - S&P 500: -0.13% - Nasdaq: +0.04% - Dow Jones: -0.31%