Odaily: US President Trump said he doesn't care whether Powell stays at the Federal Reserve and will not take action. (Jin10)

Odaily Odaily News: US President Trump commented on the status of negotiations with Iran, but he did not rule out the possibility that hostile actions could continue. Responding to a reporter's question about whether he was "eager to break the ceasefire agreement," Trump stated that due to Tehran's "stubborn" stance, there are many problems in the negotiations with Iran, because "no one knows who their leader is." Returning to the original question, he concluded: "I don't know if we need to do that"; but then added: "We may indeed need to." Trump also said that blocking the Strait of Hormuz is "incredible" and claimed that Washington "destroyed" Iran's nuclear capabilities. (Jinshi)

Odaily: US President Trump stated that Iran is eager to reach an agreement. Iran cannot possess nuclear weapons. (Jin10)

Odaily: US President Trump said, "I don't know if we need to break the ceasefire agreement with Iran, and we might do so." (Jin10)

Odaily reported that a powerful committee in the U.S. Senate has backed legislation requiring OpenAI, Meta Platforms (META.O), and other artificial intelligence companies to prevent minors from using AI chatbots. This move responds to growing public concern over the potential harms this rapidly spreading technology may pose to children and adolescents. In the deeply ideologically divided Senate Judiciary Committee, Republicans and Democrats broke party lines to unanimously support the bill. The legislation would require AI companies to maintain strict age verification systems, prohibit the provision of AI companionship services to minors, and ban chatbots from pushing harmful information to underage users. (Jinshi)

Odaily reports that the Ethereum Protocol Support Team has announced the launch of Ethereum Protocol Fellowship Cohort 7 (EPF7). The application channel is now open, with a deadline of May 13th.

This program is designed to cultivate engineers capable of participating in Ethereum core protocol development, focusing on the network's core attributes including censorship resistance, open-source nature, privacy, and security. Key areas of focus include client implementations, protocol specifications, testing, and cutting-edge research.

EPF7 will adopt a "small-scale, high-density" model, reducing participant numbers to enhance the depth of mentorship and the quality of project contributions, while strengthening collaboration opportunities with the core development team. The project runs from June to November. Selected participants will receive mentorship support from the Ethereum core developer community. Some participants will also receive monthly grants to focus on protocol development work. The program goals include nurturing long-term contributors for the Ethereum core research and development team, and driving participants towards producing substantive results in client development and protocol research.

It is reported that the EPF team will host an online information session on May 6th at 15:00 UTC to further introduce project details and answer application-related questions.

Odaily reports that Syndicate Labs disclosed a security incident: an attacker compromised the system through a private key leak and maliciously upgraded the cross-chain bridge contracts on two chains, leading to the transfer of approximately 18.5 million SYND and about $50,000 in user assets. The attack originated from a compromised development endpoint. The attacker exploited production environment permissions to upgrade the bridge contracts to a malicious version, but other chains were unaffected. The losses include:

Commons Bridge: Approximately 18.5 million SYND were transferred and sold, worth roughly $330,000.

Another Appchain: Approximately $50,000 in user assets were transferred.

Syndicate Labs stated that affected SYND holders will receive full compensation, along with additional excess compensation, leaving their overall holdings higher than before the incident. Affected users on the Appchain will also be fully reimbursed for their losses.

Odaily reported that the U.S. Air Force has agreed to purchase an undisclosed number of interceptor drones from a company backed by the son of President Trump. As the war between the U.S. and Iran enters its third month, this move deepens the ties between the U.S. military and defense contractors associated with the Trump family. Powerus co-founder Veljkovic stated that the company will sell these drones to the Pentagon following a demonstration in Arizona. This is Powerus' first contract to sell such weapons to the U.S. military. The company declined to disclose the terms or scale of the deal, but such transactions are common when the military evaluates new weapon systems. This move aligns with the U.S. strategy of using low-cost interceptor drones, rather than expensive missiles, to counter Iranian attack drones. Reports indicate that the U.S. military has already deployed 10,000 AI-equipped Merops interceptor drones, developed in Ukraine, to the Middle East.

Odaily reported that market分歧 has widened regarding Strategy's financing model of continuously accumulating Bitcoin through its preferred stock STRC. Benchmark analyst Mark Palmer stated in his latest report that the interpretation of the STRC model as a "circular financing or Ponzi structure" is a "serious misreading" and emphasized that the mechanism is an "intentionally designed and sustainable capital framework," with the core logic being to convert market demand for yield into long-term Bitcoin exposure.

According to an SEC 8-K filing, Strategy raised approximately $3.5 billion in the first three weeks of April, with over 85% coming from STRC issuance. Subsequently, it made three consecutive purchases within the following three weeks, acquiring a total of 51,364 Bitcoins worth approximately $3.9 billion. Strategy's total Bitcoin holdings have now increased to 818,334 BTC, with a market value of around $62.5 billion, and it has recently returned to an unrealized profit of about $700 million.

Benchmark believes that this structure does not rely on continuous issuance to sustain itself and could even sell a portion of its Bitcoin to pay preferred stock dividends if necessary. However, significant market skepticism remains, with some arguing that selling financed assets to pay dividends could be perceived as a risk signal, potentially triggering broader market pressure. (The Block)

Odaily reported that during his trial testimony against OpenAI, Elon Musk stated, “Some cryptocurrency has value, but most of it is a scam.” The remarks came during cross-examination at the Oakland, California court, where the case involved OpenAI’s early consideration of raising funds through an ICO (Initial Coin Offering).

According to reports, Musk’s response to relevant questions during the trial pointed to widespread speculation and fraudulent activities in the crypto asset space, drawing market attention.

Notably, Musk’s stance on the crypto market has long shown significant volatility: during the 2021 bull market, he pushed Tesla to purchase approximately $1.5 billion worth of Bitcoin and publicly mentioned Dogecoin on multiple occasions, driving substantial price surges for related assets. However, Tesla reduced its Bitcoin holdings by 75% in 2022 and booked an impairment loss of approximately $222 million on its remaining holdings in the first quarter of 2026. According to the latest financial report, it still holds approximately 11,509 Bitcoins, with a book value of around $786 million. (Fortune)

Odaily Planet Daily News: Iranian President Pezeshkian stated during a phone call with Belarusian President Lukashenko that Iran has completely lost trust in the United States. Pezeshkian said in the call that resolving differences through dialogue and diplomatic efforts has always been a priority. However, during previous negotiation processes, the United States and Israel attacked Iran twice. Similar actions may occur again, which has led Iran to completely lose trust in the United States. (Xinhua News Agency)

Odaily reports that blockchain analytics platform Bubblemaps has released the latest data on X platform, showing that the MEGA airdrop covered a total of 8,360 wallet addresses. The distribution is as follows:

50% of wallets still hold all of their airdropped tokens

40% have sold all

10% have partially reduced their holdings

The current fully diluted valuation (FDV) of MEGA is approximately $1.7 billion.

Odaily: Democratic Senator on the Senate Armed Services Committee criticizes Trump for lack of consistency in war strategy. The top Democrat on the Senate Armed Services Committee stated that Trump has no coherent strategy on war, that the United States' strategic position is worse than before the outbreak of war, and that the Iranian regime has always posed a threat to American interests. (Jinshi)

Odaily reported that Kelp has fulfilled its committed contribution to the "DeFi United" recovery fund, injecting a total of 2,000 ETH to drive the restoration of rsETH collateral assets and normalize the system.

Kelp stated that this contribution is a one-time injection, directly aimed at restoring the nominal exchange ratio between rsETH and the underlying assets, and supporting the comprehensive repair of the entire system. This includes recapitalizing bridge vaults, restoring oracle functionality, and bridging funding gaps in affected markets. Kelp added that prior to the public announcement, it had already committed that rsETH holders would not suffer losses and emphasized that this action is a direct reflection of fulfilling that promise. As funds from various parties gradually become available, the rsETH collateral structure will be restored to normal operation in phases.

Odaily reported that Exponent Finance, a Solana-based yield trading platform, announced the completion of a $5 million seed funding round. The round was led by Multicoin Capital, with participation from Solana Ventures, RockawayX, L1D, Prelude, and Theia Blockchain, along with several key figures from the Solana ecosystem as angel investors. The round was initiated in May last year and closed in August, bringing Exponent's total funding to $7.1 million. Exponent stated that the funds will be used to expand its yield trading platform and upgrade it into a more comprehensive on-chain yield infrastructure, covering active yield management needs within the Solana ecosystem. (The Block)

According to Lookonchain monitoring, US Bitcoin ETFs experienced a net outflow of 1,725 BTC today, Ethereum ETFs saw a net outflow of 41,275 ETH, and Solana ETFs recorded a net inflow of 1,465 SOL.