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Trump found guilty of falsifying business records in hush money scheme.

—Donald Trump is the first president in US history to be convicted of a felony.

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SEC told spot Ethereum ETF issuers to get first round of draft S-1 forms in by Friday: sources

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Elon Musk and Donald Trump are discussing cryptocurrency policy: BBG

—Elon Musk could become policy adviser if Trump wins election: WSJ

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Matter Labs, the corporate entity behind zksync, has filed trademark applications in nine countries, claiming 'ZK' as its exclusive intellectual property: StarkWare

Matter Labs: All the trademarks we had ever registered, incl. ZK-related ones, are defensive, to prevent dishonest actors from misleading their customers and confusing their products and services with the ones offered by Matter Labs. We had reached Ethereum Foundation to cooperate on creating a legal framework to make the use of “ZK” and similar important tech terms in the public domain.

[permissionless & decentralisation]

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ETH spot ETFs to see much lower demand than Bitcoin ETFs: JPMorgan: Coindesk

—expected $3B of net inflows this year, $6B if staking allowed.

*The market’s initial reaction to the launch of spot ETH ETFs is likely to be negative— ETHE investors are expected to take profit.

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Binance research: Scaling Bitcoin: link

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DOJ shut down the world's largest botnet, '911 S5,' and arrested the man [Yunhe Wang] behind it: link

—Botnet infected over 19 million IP addresses in 200 countries.
—Wang propagated malware through VPN services and torrents files. ⚠️
$6B loss in fraudulent unemployment insurance claims originated from compromised IP addresses. ⚠️
—Wang hold over $136 million in Bitcoin: chainalysis

The conduct alleged here reads like it’s ripped from a screenplay: A scheme to sell access to millions of malware-infected computers worldwide, enabling criminals over the world to steal billions of dollars, transmit bomb threats, and exchange child exploitation materials—then using the scheme’s nearly $100 million in profits to buy luxury cars, watches, and real estate.

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CME HAS NO PLANS TO OFFER SOLANA FUTURES: PERSON FAMILIAR: db

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OpenAI's Sam Altman and Argentinian President Javier Milei discuss Worldcoin investment: TheBlock

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After three years of work, PayPal’s stablecoin $PYUSD is finally coming to Solana: link

—It's minted using Solana's token extension feature, which means issuers can monitor & control who exactly is using the token.

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Open AI’s Sam Altman Just Vowed To Donate Most Of His Wealth Through Giving Pledge: forbes

—Sam Altman was fired for 'lying to board,' alleges former OpenAI board member: Cointelegraph

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OpenAI’s vice-president of global affairs:

I would not say our mission is to build superintelligence.

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DO NOT DOWNLOAD THE AGGR CHROME EXTENSION: Tree News

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China has allegedly hacked the UK Ministry of Defence: Sky News | BBC

*China's president is currently on a tour of Europe - although he is not set to visit the UK.

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SEC issues Wells Notice to Robinhood related to their U.S. crypto business, alleging potential violations of the Securities Exchange Act: link

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Biden secretly gave Ukraine permission to strike inside Russia with US weapons: POLITICO

—Biden directed his team to ensure that Ukraine is able to use U.S. weapons for counter-fire purposes in Kharkiv so Ukraine can hit back at Russian forces hitting them or preparing to hit them.

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FED'S WILLIAMS: DOESN'T NEED TO BE EXACTLY AT 2% [inflation] TO CUT RATES

FED’S WILLIAMS SAYS HE DOESN’T FEEL URGENCY TO CUT RATES RIGHT NOW

FED’S WILLIAMS: RATE HIKES ARE NOT BASELINE FORECAST

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Terraform Labs and Do Kwon Have Tentatively Agreed to Settle SEC Fraud Case: Court Filing

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OpenAI launching ChatGPT Edu, a version of ChatGPT built for universities to responsibly deploy AI to students, faculty, researchers, and campus operations. Powered by GPT-4o.

—All ChatGPT Free users can now use browse, vision, data analysis, file uploads, and GPTs.
—Some more partnerships:
WAN-IFRA
The Atlantic
Vox Media
News Corp

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Worldcoin extend the term of the trading firms loan agreements for one year, until June 14, 2025. Thus, the 10M WLD on loan with the trading firms will continue to be part of the circulating supply.

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AO's tokenomics approach:

—AO will be 100% fair launch
—AO will be minted by bridging to AO, holding $AR, or building
—21M, 4 year halving
—Tokenomics and Genesis Event: June 13. 11:00 EST.

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⚠️🚨 Ticketmaster Data Breach.

Hacker group selling 560M users data for $500K.

—Information includes full names, addresses, ticket sales, event details, email, phone numbers, order info & partial card data.

*Ticketmaster has not confirmed the breach yet.
*Last week, DOJ filed an antitrust lawsuit against Ticketmaster.

Troy hunt:

If this is legit, it’s absolutely massive.


vx-underground:
we can assert with a high degree of confidence the data is legitimate. Date ranges in the database appear to go as far back as 2011.

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$IBIT volumes signal another +$50MM day: zerohedge

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Customers of Winklevoss-run crypto firm are poised to get their frozen assets back in 232% recovery: link

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JPMorgan CEO Dimon: Chance Of Stagflation Is Higher Than Most People Think

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Thanks to a flaw in a decade-old version of the RoboForm password manager and a bit of luck, researchers were able to unearth the password to a crypto wallet containing $3 Million: link

⚠️🚨 if any of RoboForm's current 6 million users are using passwords generated by the roboform password manager prior to 2015, before the company silently fixed the flaw, they may have passwords that can be cracked in the same way.

As someone at NSA once told me: If a photon can get in or out, so can we.

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OpenAI Says It Has Begun Training a New Flagship A.I. Model: nyt

—GPT-3: shark
—GPT-4: orca
—GPT-5: whale ?

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infinityhedge

Events To Focus On:

Macro:
—U.S GDP on 30
—U.S core PCE on 31

Crypto:
—Ethena to announce a new CEX USDe integrations this week
—Sei v2 on 27
—Stargate v2 on 28
—Crypto ETPs to start trading on London Stock Exchange on 28
SEC decision deadline for spot Bitcoin ETFs options
—$ETC halving on 31
—Consensus event 29-31
—Uniswap Voting to implement fee mechanism will go live on 31

Unlocks:
—$OP (2.88%): $80m
—$SUI (2.78%): $73m
—$DYDX (11.91%): $67m
—$ENA (3.62%): $49m
—$1INCH (8.52%): $40m
—$PRIME (4.23%): $32m

More: link

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India Central Bank to Make Its Digital Currency Available Offline: BBG

We are working on making the CBDC transferable in the offline mode also.

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Binance Futures will close all positions and conduct an automatic settlement on the STPTUSDT, SNTUSDT and MBLUSDT perpetual contracts at 2024-05-13 09:00 (UTC), and RADUSDT and CVXUSDT perpetual contracts at 2024-05-14 09:00 (UTC). The contracts will be delisted after the settlement is complete: link

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