Gamestop has made an unsolicited $55.5 billion offer to acquire Ebay, backed by a $20 billion bank commitment alongside a $519 million bitcoin treasury that CEO Ryan Cohen quietly built during fiscal 2025.

Zcash has surged past $400 for the first time since January, peaking at $424 on May 3. The rally marks a 100% rebound from its year-to-date low and puts it within striking distance of Monero.

Blackrock’s European iShares Bitcoin exchange-traded product has crossed $1.1 billion in assets under management just over a year after its launch, confirming that institutional demand for regulated bitcoin exposure has taken hold well beyond the U.S. market.

Over $150 million in crypto short positions were wiped out in a single hour on May 4, 2026, as bitcoin’s breach of $80,000 triggered one of the sharpest short squeezes seen in recent months.

Bitcoin crossed $80,000 on May 4, 2026, snapping weeks of range-bound trading as institutional buying and a mass short liquidation combined to push the leading cryptocurrency past its most-watched resistance level.

The blocking statute invoked by MOFCOM requires other companies conducting commercial activities in the country to disregard the sanctions imposed on five domestic refiners linked to Iranian oil transactions, because they constitute an improper extraterritorial application of foreign laws and measures.

Kevin Warsh cleared a Senate Banking Committee vote on April 29 and is expected to chair his first Federal Open Market Committee (FOMC) meeting June 16-17, 2026, as futures and prediction markets put the odds of a rate hold above 93%.

Coinbase says prediction markets should stay under CFTC oversight, arguing event-based contracts already fit within federal derivatives law. The company laid out four points in a comment letter and public post.

Rakuten Wallet added XRP access to one of Japan’s largest consumer payment networks, a rollout highlighted by a Ripple manager on April 30. Users can convert Rakuten Points into XRP, trade in-app, and charge Rakuten Cash through Rakuten Wallet for spending via Rakuten Pay across more than 5 million merchant locations.

Grayscale Research said Ethereum, Solana, Canton, Avalanche, BNB Chain, and Chainlink are positioned to benefit as tokenized assets expand. The firm estimated tokenized assets at about $30 billion, up 217% year-over-year.

Onchain data shows 793.36 sleeping bitcoins changed hands between May 1 and May 3, 2026, with a notable portion traced back to wallets that had not moved coins since 2011.

Deep-pocketed political groups tied to artificial intelligence (AI) and cryptocurrency are rapidly reshaping the midterm money landscape, but many Americans remain uneasy with the industries behind the spending.

This editorial is from last week’s edition of the newsletter Week in Review. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment on each story.

At the outset of May, the total market valuation of tokenized U.S. Treasuries sits at $15.20 billion, following $1.06 billion in added value over the past 30 days. Among 71 distinct assets tracked by rwa.xyz, the average annual percentage yield ( APY) registered at 3.36% over the past week.

Gareth Soloway, chief market strategist and president of Verified Investing, told David Lin of The David Lin Report (TDLR) that bitcoin is forming a bear flag that could send prices down roughly 38% to $50,000, while the S&P 500 is flashing the same signals seen at the peak of the dot-com boom.