Netflix is reportedly planning a movie on the 2022 FTX collapse, with Julia Garner in talks to play Caroline Ellison. Evan Peters may be cast as Sam Bankman-Fried, though negotiations
Two dormant Silk Road-linked wallets on May 5 moved 3,421 Bitcoin worth approximately $322.5 million. Whale Alert noted the wallets were first activated in July 2013, marking their first transaction in over a decade since inception. The new addresses that received the funds remain idle, while the original wallets reflect a zero balance. Data showed that the transactions included a minimal fee of 0.000105 BTC, suggesting a non-urgent transfer with internal restructuring rather than immediate plans to liquidate assets. Two Silk Road-linked wallets moved 3,241 BTC ⚠️ $324.2M in #Bitcoin on the move after over 10 years of dormancy! In the past 3 hours, two Satoshi-era whales, who had been inactive since 2014, transferred 3,422 $BTC ($325M) to new wallets: 💎 Whale “1NWPS” woke up after 10.5 years, moving 2,343 $BTC (~$222.2M). 💎 Whale… pic.twitter.com/UKb78WJDXp — Spot On Chain (@spotonchain) May 6, 2025 On-chain data revealed two separate transactions on Monday that originated from wallets established in July 2013 during the Silk Road saga. Multichain explorer and analytics tool Blockchair found that the initial transaction involved 2,343.481 BTC. Data also showed that the first wallet to send funds executed 21 outputs, with 30 routed to a newly generated wallet. The total value of the digital assets exceeded $221 million at the time of the transfer. Whale alert showed the transfer occurred in a series of outputs, with the largest being 2,186 BTC sent in one chunk. The on-chain tracking data platform also noted that no portion of the funds has moved to any exchange wallets. The blockchain tracking tool also flagged a second transaction involving 1,078.99 BTC to a wallet that was also initialized on July 11, 2013. The funds were transferred at block height 895,433 and are now valued at approximately $101 million. Whale Alert noted the second movement shortly after the first wallet became active, but no movement has occurred from the receiving wallet since the transfer was completed. The second wallet also used a similar transaction fee, according to the blockchain tracking platform. Sani, the architect behind Timechain Index, highlighted that the digital assets in question trace back to the infamous darknet marketplace, the Silk Road. “After checking some of the origins, they linked back to [the] Silk Road, withdrawn during 2012.” – Sani , Founder of Timechain Index. Wallet linked to Silk Road founder re-surfaces after a decade I found ~430 BTC across dozens of wallets associated with Ross Ulbricht that were not confiscated by the USGovt and have been untouched for 13+ years Back then these were probably dust wallets, now, collectively, they are worth about $47M. Welcome back Ross pic.twitter.com/KmCp4xcrI7 — Conor (@jconorgrogan) January 22, 2025 Earlier this year, Director at Coinbase Conor Grogan flagged 430 BTC distributed across various wallets potentially linked to the founder of Silk Road Ross Ulbricht. The exchange’s official said the digital asset holdings, estimated to be worth $47 million, had been untouched for over a decade. Grogan also acknowledged that the funds were not part of the more than 100,000 BTC seized by the U.S. authorities during Silk Road’s 2013 shutdown. He noted the wallets had grown substantially due to Bitcoin’s surge in price. Grogan revealed the screenshot of one notable wallet with 89.77 BTC, valued at approximately $9.5M. There were also smaller holdings, such as 87.7 Bitcoin Cash (BCH), worth around $39,700 at the time. The Coinbase official suggested that Ulbricht still possessed airdrop rewards linked to the wallets but questioned whether the private keys required to access the funds remain available to him after years of inactivity. Grogan also addressed concerns about the potential implications of publicizing his finding, concerns it might direct unnecessary attention toward Ulbricht. He said that the wallet details are publicly accessible and have also been referenced in court documents. The Silk Road marketplace founder was convicted in 2015 for his role in operating the platform. He later received a presidential pardon from President Donald Trump on January 22 after serving over a decade in prison. A few days after Ulbricht’s pardon, the Bitcoin community rallied and poured crypto into Ulbricht’s donation fund at FreeRoss.org . Kraken Exchange also donated $111,111 BTC to Ulbricht just to make sure he’s able to land on his feet after incarceration. KEY Difference Wire helps crypto brands break through and dominate headlines fast
SOL Strategies has acquired 122,524 SOL following a $20 million funding round, reinforcing its commitment to Solana infrastructure growth and hinting at ambitions for a future Nasdaq uplisting. Potential Nasdaq Uplisting Could be on the Cards for SOL Strategies SOL Strategies Inc., a Canadian firm focused on advancing the Solana blockchain ecosystem, has made a
Key Takeaways: Visa’s investment in BVNK indicates mainstream confidence in stablecoins as the next wave of global payments. BVNK’s U.S. expansion and $12B annual processing show the rapid business adoption of stablecoin rails. This partnership positions Visa at the competitive forefront among players, bridging traditional finance with scalable crypto payment infrastructure. BVNK, a leading stablecoin payment infrastructure provider, has secured a strategic investment from Visa through its Visa Ventures arm in an announcement on May 6. The investment comes as BVNK, a UK-headquartered stablecoin infrastructure provider, expands its operations into the U.S. It serves as a new milestone for Visa as it continues to explore ways to bridge traditional finance with the growing crypto ecosystem. BVNK Partners with Visa to Redefine Digital Payments and Expand Globally According to the announcement , BVNK sees this partnership validating its vision to streamline global transactions with stablecoin payments, which is rapidly gaining momentum. The company recognizes stablecoins’ potential as a foundational payment technology. In fact, according to Visa Onchain Analytics , the global stablecoin volume will reach $27 trillion across 1.25 billion transactions in 2025. BVNK has built its infrastructure to facilitate scalable, automated stablecoin payments to provide businesses of all sizes with an efficient alternative to traditional banking systems. BREAKING: Visa commits strategic investment into stablecoin infrastructure platform BVNK. BVNK says it processes over $12 billion annually for companies like Ferrari and Rapyd. Helping them send, receive, convert, and store stablecoins and fiat. Stablecoins are… — Simon Taylor (@sytaylor) May 6, 2025 Visa’s interest in BVNK is part of its broader strategy to integrate cryptocurrency solutions into its vast global network, which includes 4.8 billion cards, 150 million merchants, and 14,500 financial institutions. This investment follows a successful $50 million Series B funding round in December 2024, led by Haun Ventures with participation from Coinbase Ventures, Scribble Ventures, DRW Venture Capital, Avenir, and Tiger Global. Jesse Hemson Struthers, CEO and co-founder of BVNK, said, “Visa’s expertise in global payment networks, combined with our stablecoin infrastructure, offers powerful possibilities for redefining how businesses operate in today’s digital economy.” BVNK has already made a name for itself by processing $12 billion in annualized volume, helping banks, fintechs, and enterprises facilitate seamless domestic and cross-border payments using stablecoins without requiring these companies to interact directly with blockchain technology. The company is also opening new offices in San Francisco and New York as it is set to expand its presence in the U.S. market, driven by a team of industry veterans. Visa and BVNK Lead the Charge in Stablecoin Payment Solutions In addition to its stablecoin payment solutions, BVNK is ramping up efforts to offer its infrastructure to businesses. For example, the company recently launched Layer1, a digital asset payments platform that Harmse describes as a “hyper-optimized, stablecoin core banking stack.” This product provides a ready-to-use foundation for companies to build their stablecoin-based solutions. BVNK also recently unveiled embedded wallets that are pre-equipped with stablecoin functionality. These developments align with Visa’s growing interest in supporting the broader stablecoin ecosystem, which continues to gain traction in global commerce. Stablecoins saw substantial growth in 2024, with their transfer volume outpacing that of Visa and Mastercard combined. Annual stablecoin transfers reached $27.6 trillion, an increase driven by the adoption of platforms like Solana and Base. Tether (USDT), which remains dominant, accounted for nearly 80% of the trading volume. The post BVNK Lands Visa Backing for $12B Stablecoin Expansion in U.S. Payments appeared first on Cryptonews .
China: talks must be equitable, mutually beneficial China: Won’t Compromise Principles for Agreement Translated to English (with rules applied): China: talks must be equitable, mutually beneficial China: Won’t Compromise Principles
China: talks must be equitable, mutually beneficial China: Won’t Compromise Principles for Agreement
As May 2025 approaches, investors are keeping a close eye on a handful of assets that continue to build momentum. Solana (SOL) is once again testing upper resistance zones, but it’s not the only name showing strength. Ethereum (ETH) , XRP , VeChain (VET) , and Cardano (ADA) are all making compelling moves—while rising contender MAGACOINFINANCE is quietly positioning as a top early-stage opportunity. MAGACOINFINANCE – A Rising Force in Early-Stage Strategy Away from the high-profile headlines, MAGACOINFINANCE is rapidly establishing itself as a smart alternative with serious upside. Backed by over $7.8 million raised , organic traction, and consistent ecosystem development, this project is not riding hype—it’s building substance. Early discussions across online forums, social analytics, and influencer watchlists suggest MAGACOINFINANCE may become one of the standout stories of 2025 . For investors entering at this stage, the positioning could be optimal before broader market exposure. Buyers stepping in now receive an exclusive 50% token bonus —activated using promo code MAGA50X . This reward is available for a short period before official listings begin, allowing early adopters to maximize potential ROI ahead of public exchange access. Solana and Ethereum Maintain Institutional Appeal Solana has reclaimed major support, now hovering just above $150 . Analysts are watching for confirmation of a breakout, which could push targets toward $205 and $250 in Q2. Ethereum holds firm near $1,837 , driven by growing staking participation and the anticipated proto-danksharding upgrade. XRP Drive Real-World Integration XRP is trading around $2.15 , gaining traction as ETF-backed futures and institutional integration become reality. A confirmed move past $2.45 could signal the next wave of bullish activity, especially as Ripple continues expanding its global payment solutions. Cardano and Optimism Expand Utility Cardano (ADA) recently broke past $0.70 , supported by over 130,000 active smart contracts and expanding infrastructure. The focus on scalable dApps through Plutus has strengthened ADA’s position heading into summer, with targets around $0.75–$0.80 now in play. Optimism (OP) continues to benefit from Ethereum’s broader adoption wave. With TVL rising and major apps like Uniswap , Synthetix , and Base relying on its scaling framework, Optimism remains a top Layer-2 contender with room to grow in Q2. Final Thoughts Solana may be leading the charge, but it’s far from the only asset gaining traction in 2025. Ethereum, XRP, VeChain, Cardano, and Optimism each bring credible upside, rooted in utility and adoption. Meanwhile, MAGACOINFINANCE continues to rise—purposefully, strategically, and with growing conviction from smart investors seeking the next breakout narrative . To learn more about MAGACOINFINANCE, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Bitcoin, Solana, and Ethereum Just Broke Resistance — Is a New Altcoin Season Starting?
A strange and concerning development is unfolding around the Zerebro project, sending ripples of uncertainty through the crypto community. Reports indicate that commit records on the Zerebro DEV GitHub channel are mysteriously disappearing. This highly unusual activity comes on the heels of unsettling rumors circulating about the death of Zerebro co-founder, Jeffy Yu. While the source and reason behind the GitHub deletions remain unclear, the timing has understandably fueled speculation and concern among those following the project or invested in it. What’s Happening with the Zerebro DEV GitHub? According to a report by Odaily, commit history on the GitHub repository specifically designated for Zerebro DEV GitHub activity is being erased. For those unfamiliar, GitHub is a crucial platform for blockchain and software development projects. It serves as a public ledger of code changes, updates, and contributions (known as commits). A project’s DEV channel on GitHub typically showcases its ongoing development progress and transparency. The deletion of commit records is not a standard procedure and raises significant questions about the project’s status and future. It’s like tearing pages out of a development diary. This action suggests: An intentional effort to remove development history. Potential issues with the project’s continuity. A lack of transparency from the team involved. The fact that this is happening on the Zerebro DEV GitHub is a red flag for many observers. Exploring the Crypto Rumors Surrounding Jeffy Yu Adding to the mystery are widespread crypto rumors concerning the alleged death of Zerebro co-founder, Jeffy Yu. Such rumors, especially involving key figures, can significantly impact community confidence and project viability in the often volatile world of cryptocurrency. However, the community response to these rumors has been mixed, with many questioning their veracity. Is this a genuine tragedy, or is something else at play? The lack of official, verifiable confirmation from reliable sources has led to skepticism. In the crypto space, where information spreads rapidly and can often be inaccurate or deliberately misleading, verifying claims is paramount. Are the Death Claims a Hoax? Amidst the swirling crypto rumors , a notable figure in the decentralized space has weighed in. Irene Zhao, the founder of the creator-focused decentralized autonomous organization (DAO) Irene DAO, publicly addressed the circulating claims. Zhao explicitly stated that the rumors of Jeffy Yu’s death are a hoax. Irene Zhao’s statement, coming from a recognized figure in the DAO news and community landscape, carries weight for some. Her assertion directly contradicts the death rumors and suggests that the situation surrounding Jeffy Yu may not be as reported. However, this raises further questions: If the death rumors are false, why are they circulating? And, perhaps more critically, who is deleting the Zerebro DEV GitHub records, and why? The Implications for Zerebro and Blockchain Development The combination of disappearing Crypto GitHub records and unconfirmed, possibly false, death rumors paints a concerning picture for the Zerebro project. For any project, especially one relying on community trust and transparency, these events are detrimental. From a Blockchain Development perspective, deleting commit history can indicate several negative possibilities: Project Abandonment: The team might be trying to erase evidence of their work before disappearing. Cover-Up: There might be an attempt to hide specific code changes or activities. Internal Strife: Conflict within the team could lead to disruptive actions like deleting shared development history. Major Setback: The project might have hit an insurmountable technical or operational hurdle. Regardless of the specific reason, the action itself undermines confidence in the project’s stability and the integrity of its development process. It directly impacts the perceived health and future of Blockchain Development related to Zerebro. Community Reaction and the Challenge of Information The reaction within the crypto community has been one of confusion, speculation, and concern. Discussions across social media and forums show users trying to piece together what is happening. The difficulty in verifying both the death rumors and the reason for the GitHub deletions highlights a persistent challenge in the decentralized space: the rapid spread of unverified information and the lack of centralized authority to confirm or deny facts quickly. This situation serves as a stark reminder of the importance of due diligence when engaging with crypto projects. Relying solely on unconfirmed rumors or observing suspicious technical activity like vanishing Crypto GitHub commits without official explanation can be risky. Challenges Highlighted by the Zerebro Situation: Information Verification: The difficulty in confirming sensitive news like a co-founder’s death or technical actions like commit deletions. Trust Deficit: Suspicious activity erodes community and investor trust, which is vital for decentralized projects. Project Ambiguity: Uncertainty surrounding the team’s status and development progress leaves the project’s future in doubt. While Irene Zhao’s statement provides some clarity on the death rumors being a hoax, the mystery of the disappearing Zerebro DEV GitHub records remains unsolved and deeply troubling. Conclusion: A Mystery Unfolding The situation surrounding Zerebro is a developing mystery. The deletion of DEV GitHub commit records is a highly unusual technical event that, combined with circulating (and potentially false) death rumors about co-founder Jeffy Yu, creates a cloud of suspicion around the project. While figures like Irene Zhao are attempting to dispel the death rumors, the core issue of who is tampering with the Zerebro DEV GitHub and why remains unanswered. This incident underscores the critical need for transparency in Blockchain Development and the challenges the crypto community faces in discerning truth from speculation. Until more clarity emerges, caution is advised for anyone involved with or considering involvement with the Zerebro project. To learn more about the latest crypto market trends, explore our article on key developments shaping blockchain development institutional adoption.
China plans to engage with United States following global, China interest