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Arbitrum DAO is voting to release 30,766 ETH (around $70M) previously frozen after the KelpDAO hack. The funds were secured by the Security Council and now require community approval to be redeployed. If the proposal passes, the ETH will be sent to DeFi United, a joint recovery initiative working to restore rsETH backing. The vote remains open until May 7, and approval would make Arbitrum one of the largest contributors to the recovery effort.

Two Democratic senators, Elizabeth Warren and Ron Wyden, have launched an inquiry into Commerce Secretary Howard Lutnick over alleged financial ties between Tether and a trust linked to his children. Lawmakers are seeking loan documents to examine possible conflicts of interest and whether policy decisions could be influenced. The probe matters because it could affect stablecoin regulation and market trust. Further disclosures may shape future U.S. oversight of Tether and crypto policy.

SBI Holdings is in advanced discussions to acquire Bitbank as part of a broader strategy to dominate Japan’s digital asset sector. The deal would involve purchasing shares after due diligence and regulatory approvals, though key terms remain undisclosed. This follows SBI’s recent integration of other crypto platforms, signaling aggressive industry consolidation. Bitbank, which had been preparing for an IPO, may instead become part of SBI’s expanding crypto ecosystem if the transaction is finalized.

The White House is opposing Anthropic’s plan to expand access to its Mythos AI model to around 70 more companies, citing national security and misuse risks. Currently, Mythos is limited to select partners like Amazon, Apple, Google, Microsoft, and NVIDIA. Officials warned the model could exploit vulnerabilities in critical infrastructure such as power plants, hospitals, and electric grids. Concerns also grew after unauthorized users reportedly accessed the system during its limited release phase.

Bitcoin posted its strongest monthly gain of 2026 in April, rising 12% after rebounding sharply from lows near $60,000. Despite being down 25% year-to-date, the recovery signals renewed investor confidence as traders watch key technical patterns like the bullish “morning star.” Analysts remain divided, with some expecting a push toward $80,000, while others warn of a drop to $40,000–$45,000. Bitcoin now trades near $76,400, with $73,500 support and $78,000 resistance likely deciding its next major move.

Canada’s Alberta Investment Management Corporation (AIMCo), a $142 billion sovereign wealth fund, has disclosed a $219 million investment in MicroStrategy by purchasing 1.38 million shares. This marks its first exposure to Bitcoin-linked treasury assets through the company known for holding large Bitcoin reserves. The move highlights growing institutional interest in indirect Bitcoin exposure via public markets. As one of Canada’s largest investment managers, AIMCo’s allocation signals increasing acceptance of Bitcoin-related corporate strategies among traditional financial institutions.

An early Shiba Inu investor who bought 103.33 trillion SHIB for just $13,760 has continued to take profits, recently selling another 800 billion tokens worth about $4.9 million. Over time, the wallet has offloaded trillions of SHIB while still holding around 99.27 trillion tokens valued at roughly $625 million. Total realized gains have now crossed $660 million, marking one of the largest returns in crypto history, driven by early accumulation and long-term holding.

Wasabi Protocol has suffered a multi-chain exploit leading to losses of over $5 million across Ethereum, Base, Berachain, and Blast. Reports indicate the attacker used the deployer wallet to grant ADMIN_ROLE to a malicious helper contract, which then performed a UUPS upgrade of perp vaults and the LongPool. This upgrade replaced core logic with a harmful implementation that allowed funds to be drained across connected chains. The incident highlights risks in privileged access control and upgradeable smart contract designs in DeFi systems.

South Korea’s largest crypto exchange, Upbit, has announced the listing of MegaETH (MEGA) with trading pairs MEGA/KRW, MEGA/BTC, and MEGA/USDT. MegaETH is an EVM-compatible Layer 2 network designed for real-time performance, claiming over 100,000 transactions per second with near-instant latency. The MEGA token is used for governance, staking, and gas fees. The listing aims to expand access to high-speed blockchain infrastructure for traders on one of Asia’s biggest exchanges.

Bybit CEO Ben Zhou said the exchange has been removed from the Securities Commission Malaysia’s Investor Alert List after constructive engagement and full alignment with local regulatory requirements. The development follows earlier enforcement actions but reflects improved compliance and cooperation with authorities. Zhou also highlighted Bybit’s investment in Malaysia-based licensed platform Hata, signaling a focus on regulated expansion. He emphasized that strong local infrastructure is key to trust, safety, and long-term crypto adoption in Malaysia’s growing digital asset market.