K Wave Media redirected $485 million of committed funding from its planned Bitcoin treasury strategy to an AI infrastructure pivot. K Wave also agreed to sell Play Co., Ltd., a move that removes $48 million of debt from its balance sheet. Shareholders will vote in early July on the sale and a proposed rebrand to Talivar Technologies.

Christine Lagarde said Europe has debated a digital euro for years and warned that progress is so slow her eight-year term could end before the project is completed. Lagarde said Europe does not want to be left behind in the global crypto race.

GameStop plans to acquire eBay for $55.5 billion, putting attention on its $368 million Bitcoin holdings. GameStop said it could fund the deal with $9.4 billion in cash and liquid assets plus up to $20 billion in additional financing. GameStop did not comment on whether it would keep or sell its Bitcoin.

New York Fed President John Williams said inflation has not reached a point that would require discussing an interest rate hike. Williams said current data shows no need to raise rates in the short term. Williams also said uncertainty makes it hard to give clear guidance for the next few meetings.

Haun Ventures raised a $1 billion fund to invest at the intersection of crypto and AI agents. Haun Ventures said the fund will focus on next-generation financial infrastructure, tokenized assets and new markets, and AI agent transaction systems. Haun Ventures said its first fund was larger at $1.5 billion and that earlier portfolio companies included Bitwise and Chainalysis.

Bitcoin rose above $80,000 late Sunday and into today, gaining about 2% in 24 hours and reaching $80,750. SoSoValue data shows U.S. spot Bitcoin ETFs logged a fifth straight week of net inflows totaling $153.87 million last week, while April inflows reached $1.97 billion. Trump said his representatives were in “very positive discussions” with Iran.

GameStop submitted a non-binding $55.5 billion cash-and-stock offer to buy eBay at $125 per share. The proposal has renewed questions about whether GameStop could sell about $368 million of bitcoin to help fund the deal. GameStop said it could use $9.4 billion of cash and liquid investments and up to $20 billion in financing backed by a TD Securities letter.

Aave filed an emergency motion in federal court to lift a freeze on about $73 million in Ethereum linked to the KelpDAO attack. The motion challenges a May 1 order that blocked Arbitrum from moving the recovered funds. Aave also said claims linking the attack to Lazarus Group are unproven speculation.

Charles Edwards said institutional buyers are absorbing more than five times Bitcoin's daily new supply, a setup that has historically preceded average one-month gains of 24%. Glassnode and BitBo.io data show Strategy and U.S. spot Bitcoin ETFs added about 70,000 BTC in April 2026, while miners produced about 13,500 BTC. Trader Bitbull said a bear flag breakdown could send BTC toward $60,000 to $62,000.

Tether Gold (XAUt) reached a $3.3 billion market capitalization in the first quarter after growing 36% over the period. Tether said 707,741 XAUt tokens were in circulation at quarter-end, with each token backed by one troy ounce of physical gold. XAUt now represents more than half of the tokenized gold market.

BitMine Immersion Technologies bought 101,745 ETH for about $237.7 million in the week ending May 4, marking its third straight week of purchases above 100,000 ETH. BitMine's total holdings reached 5,180,131 ETH, equal to 4.29% of Ethereum's 120.7 million circulating supply. The weekly total included 10,000 ETH bought directly from the Ethereum Foundation in an OTC transaction announced May 2. BitMine said about 84% of its ETH is staked through MAVAN.

Western Union launched its US dollar stablecoin USDPT on Solana on May 4 for cross-border settlement across more than 200 countries. Anchorage Digital Bank N.A. issues USDPT, which Western Union said is fully backed by US dollars. Western Union plans to start in the Philippines and Bolivia, and the company said the token will support treasury management and near-instant settlements with its agent network.

Hut 8 secured a $200 million Bitcoin-backed credit facility from FalconX, replacing a prior structure with Coinbase Credit. The new facility carries a fixed 7% interest rate, down from 9% under the previous arrangement. Hut 8 said the refinancing also freed about 3,300 BTC from collateral restrictions.

Polygon Labs launched shielded USDC and USDT transfers in its consumer wallet on Monday with a private send option built with Hinkal. The feature hides the sender, receiver, and amount onchain while routing transfers through a Hinkal pool verified by zero-knowledge proofs. Polygon Labs said each private transfer is screened with Know Your Transaction checks and kept non-custodial.

Lomond School launched a Bitcoin-funded Satoshi Scholarship that covers two years of tuition and boarding for one student. Applications are open worldwide until May 24, and the award targets a student who would struggle to access this education without support. The school already accepts Bitcoin for tuition and has started building a BTC treasury with donations from supporters.

Circle shares rose more than 15% and Coinbase gained as much as 6% after the U.S. Senate released compromise language for the Clarity Act. The revised text would bar platforms like Coinbase from paying yield on idle stablecoin balances, while still allowing some rewards tied to transactions, liquidity activity, and collateral use. The next step is a Senate Banking Committee markup hearing in the coming days.

K Wave Media redirected up to $485 million in financing capacity from its Bitcoin treasury plan to AI infrastructure in a May 4 Form 6-K filing. The amended agreement with Anson Funds leaves $485 million from a prior $500 million equity facility available for data centers, GPU compute operations, and related AI investments. The move reverses K Wave Media's June 2025 Bitcoin treasury strategy and includes a planned sale of Play Co., Ltd. that is expected to remove about $48 million in debt and contingent liabilities.

Donald Trump criticized Federal Reserve Chair Jerome Powell and said U.S. interest rates are too high. Trump used the label "Mr. Too Late" in the attack.

GameStop has made a $55.5 billion cash-and-stock offer for eBay, valuing the marketplace at $125 a share. The proposal raises the question of whether a BTC-holding company could extend Bitcoin use from treasury holdings into marketplace payments. eBay said its board is reviewing the unsolicited bid and advised shareholders to take no action.

CAISI, a NIST unit, said DeepSeek V4 Pro trails the U.S. frontier by about eight months in an evaluation released on May 1. CAISI used Item Response Theory across nine benchmarks, including two non-public datasets, which makes the results impossible to reproduce. Stanford's 2026 AI Index said the U.S.-China gap on public leaderboards had narrowed to 2.7%.