Odaily reports that this week, U.S. Democratic Senators Elizabeth Warren and Ron Wyden sent letters to Tether CEO Paolo Ardoino and U.S. Commerce Secretary Howard Lutnick, expressing concerns over a loan provided by Tether to a family trust fund benefiting Lutnick’s children.

The letter notes that prior to becoming Commerce Secretary, Lutnick led Cantor Fitzgerald, which has served as the custodian for Tether’s reserves since 2021. The senators question whether the loan may have helped Lutnick’s children obtain funds to acquire their father’s stake in Cantor Fitzgerald, raising concerns about potential conflicts of interest or bribery. Additionally, the senators expressed concerns over Tether’s past compliance record and its lobbying activities during the legislative process of the GENIUS Act, emphasizing the need to ensure that politically connected crypto stakeholders do not receive special treatment. (The Block)

According to the U.S. War Powers Act of 1973, the President must terminate the use of armed forces within a 60-day deadline after initiating military action without congressional authorization. Currently, some lawmakers argue that May 1 marks the expiration of this deadline, citing President Trump's notification to Congress on March 2 regarding the commencement of hostilities. However, Defense Secretary Pete Hegseth stated that the current ceasefire status means the 60-day clock has been paused or stopped.

In response, Senator Adam Schiff argued that a ceasefire does not pause the clock, and believes that since the war did not face an imminent threat at its outset, the military action was illegal from the start. Meanwhile, some Republican lawmakers, such as Lisa Murkowski, indicated that if the White House fails to present a viable plan by next week, they will introduce an Authorization for Use of Military Force (AUMF) proposal to fulfill Congress's oversight duties under the Constitution. At present, uncertainty remains over whether President Trump will seek the additional 30-day extension allowed by the Act. (CNN)

Odaily reported that Arkham posted on X, stating that Arkham AI has identified a suspected Multicoin address. After receiving $39.4 million transferred from Galaxy Digital OTC, this address deposited $22.99 million into Coinbase. The address currently still holds $26.9 million in HYPE, with an unrealized profit of approximately $10.5 million.

According to SoSoValue data, as of yesterday (April 30, Eastern Time), Ethereum spot ETFs experienced a total net outflow of $23.6426 million.

The Ethereum spot ETF with the largest single-day net inflow was Blackrock's Staked ETH ETF (ETHA), with a net inflow of $29.1038 million. The historical total net inflow for ETHA currently stands at $70.8207 million.

Following that was Grayscale's Ethereum Mini Trust ETF (ETH), with a single-day net inflow of $4.7213 million, bringing its historical total net inflow to $1.930 billion.

The Ethereum spot ETF with the largest single-day net outflow was Blackrock's ETF (ETHA), with a net outflow of $50.5739 million. The historical total net outflow for ETHA has now reached $143 million.

As of press time, the total net asset value of Ethereum spot ETFs stands at $13.253 billion, with an ETF net asset ratio (market cap as a percentage of Ethereum's total market cap) of 4.85%. The historical cumulative net inflow has reached $11.915 billion.

According to the anonymous on-chain detective Wazz, hundreds of wallets on the ETH mainnet have been drained by the same address, with several of these wallets remaining inactive for over 7 years. The incident is suspected to be a novel real-time exploit attack. Crypto user Capitulation commented, suggesting that the most likely vulnerability stems from storing seed phrases in LastPass secure notes during 2020/21.

Odaily reported that X product lead Nikita Bier stated on X that the Cashtags feature has been launched on the web version. X will become a core component of users' trading terminals, providing real-time charts and posts for each asset.

According to Lookonchain monitoring, 8 hours ago, Bitmine, under Tom Lee, staked an additional 162,088 ETH, valued at $366 million. Currently, Bitmine has staked a total of 4,194,029 ETH, worth $9.48 billion, accounting for 82.59% of its total ETH holdings.

Odaily reported that Carrot, a DeFi protocol on the Solana ecosystem, has announced it will be shutting down. Due to the significant impact of the Drift vulnerability incident, its ongoing operations have been severely affected.

May 14 is the deadline to withdraw remaining funds from Boost, Turbo, and CRT. After this date, the system will begin deleveraging, reducing all leverage to zero in order to release full liquidity for CRT redemptions.

According to the latest data from Gate, the price of gold has risen to $4,629.57 per ounce, with a daily increase of 0.16%. The price of silver has risen to $74.404 per ounce, with a daily increase of 0.95%.

The BVIX (BTC Volatility Index) is currently quoted at 41.08, with a daily decline of 0.77%. The EVIX (ETH Volatility Index) is currently quoted at 57.42, with a daily decline of 3.30%.

In the forex market, the Dollar against the Offshore Chinese Yuan (USD/CNH) fell 0.02% during the day, with the current exchange rate at 6.82928. The Dollar against the Japanese Yen (USD/JPY) rose 0.35% during the day, with the current exchange rate at 157.174.

Regarding global stock indices, the Euro Stoxx 50 Index (EUSTX50) rose 1.61% during the day, reporting 5,883.42 points; the UK FTSE 100 Index (UK100) rose 0.17% during the day, reporting 10,371.32 points; the German DAX 40 Index (GER40) rose 1.89% during the day, reporting 24,286.35 points.

In the commodities sector, WTI crude oil rose 0.55% during the day, reporting $108.44 per barrel. Brent crude oil rose 0.65% during the day, reporting $117.80 per barrel.

Gate supports users in directly trading traditional financial market products within the platform, offering a one-stop shop covering multiple asset classes such as precious metals, foreign exchange, global stock Contracts for Difference (CFDs), key indices, and commodities, achieving deep integration of crypto assets with traditional financial assets. Gate's TradFi-related features have been fully integrated into the Gate App and Web interface, allowing users to conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market, and continuously enhancing their diversified asset allocation experience.

1. Musk stated in an OpenAI court hearing that "most cryptocurrencies are scams";

2. The U.S. Senate bans lawmakers from participating in prediction market trading;

3. Trump claims he may need to break the Iran ceasefire agreement;

4. Trump: Doesn't care whether Powell stays on as a board member;

5. Iranian Foreign Ministry: Expecting rapid results from US-Iran negotiations is unrealistic;

6. Pantera Capital address transferred out 83.9 million ONDO, worth $22.11 million;

7. Coinbase will list MEGA perpetual contracts;

8. An address suspected to belong to Justin Sun withdrew another 3.2 million USDT from Spark;

9. Caixin: A partner at a Chongqing law firm is missing, possibly involved in a 210 million yuan stablecoin bribery and money laundering case.

According to data from msx.com, U.S. stocks closed with the Dow Jones up 1.62%, the S&P 500 up 1.02%, and the Nasdaq up 0.89%. Crypto-related stocks saw broad gains: BNB Network rose 11.87%, MARA rose 11.85%, BTCS rose 8.42%, DFDV rose 8.4%, and RIOT rose 7.88%.

It is reported that msx.com is a decentralized RWA trading platform that has listed hundreds of RWA tokens, including stock and ETF tokenized assets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.

According to on-chain analyst Ai Yi's monitoring, a suspected Justin Sun address has withdrawn another 3.2 million USDT from Spark. Since April 29, it has accumulated withdrawals of $96.62 million in stablecoins. The treasury address 0x939…6A1D1 still holds $1.15 billion in Spark, including 1.02 billion USDS and 131 million USDC.

According to Yu Jin monitoring, Ondo's lead investor Pantera Capital transferred out 83.9 million ONDO (worth $22.11 million) 5 hours ago. The address that received these ONDO from Pantera Capital had previously received 34.28 million ONDO (worth $42.52 million) from Ondo's project multi-signature address a year ago, and then transferred them in batches to Coinbase Prime.

According to SoSoValue data, as of yesterday (April 30, Eastern Time), the SOL spot ETF recorded a single-day total net outflow of $1.2396 million.

Only Grayscale Solana Trust (GSOL) experienced a net outflow yesterday, with a single-day net outflow of $1.2396 million. Its historical total net inflow has reached $103 million.

As of press time, the total net asset value of the SOL spot ETF stands at $849 million, with SOL's net asset ratio at 1.77%. The historical cumulative net inflow has reached $1.018 billion.

According to SoSoValue data, yesterday (Eastern Time April 30), XRP spot ETFs recorded a total net outflow of $5.8284 million in a single day.

Only the Bitwise XRP ETF (XRP) saw net outflows yesterday, with a single-day net outflow of $5.8284 million. Its historical cumulative net inflow currently stands at $422 million.

As of press time, the total net asset value of XRP spot ETFs is $1.044 billion, with an XRP net asset ratio of 1.23%. The historical cumulative net inflow has reached $1.291 billion.