Musk: Cryptocurrencies are mostly scams

Senator Scott stated that the Bitcoin and Crypto Transparency Act is ready to advance to the marking stage, and all 13 Republicans will vote in favor. Trump is expected to sign the bill this summer. （The Bitcoin Historian）

Syndicate Labs has revealed a private key leak attack, in which attackers maliciously upgraded cross chain bridge contracts by infiltrating development endpoints, resulting in the transfer of approximately 185 million SYNDs and approximately $50000 in user assets. The losses include the sale of approximately 185 million SYNDs from Commons Bridge, equivalent to approximately $330000; Another Appchain has transferred approximately $50000 worth of user assets. Syndicate Labs has stated that it will fully compensate affected users and provide excess compensation.

Santiment data shows that the number of active addresses on the Basic Attention Token (BAT) network has reached its highest level in six years, with a total of 5196 addresses participating. Previously, BAT Ambassadors established a DAO and transferred 730 million GUANO tokens to it. This transfer involves the operation of about 20 million tokens, which has prompted a large number of wallets to go back online for interaction. This activity is not simply a retail user behavior, but is triggered by structural events. （Santiment）

Google's market value has exceeded $4.5 trillion and has increased by $300 billion today. （Watcher.Guru）

Benchmark analyst Mark Palmer stated that the market's interpretation of Strategy's STRC model as "revolving financing or Ponzi structure" is a "serious misreading" and referred to it as a "intentionally designed and sustainable capital framework". According to the SEC 8-K filing, Strategy raised approximately $3.5 billion in the first three weeks of April, with over 85% coming from the issuance of STRC, and subsequently purchased a total of 51400 bitcoins worth approximately $3.9 billion three times in the following three weeks. At present, Strategy's Bitcoin holdings have increased to 818300, with a market value of approximately $62.5 billion, and have returned to a floating profit of approximately $700 million. Benchmark believes that this structure does not rely on continuous issuance, and if necessary, preferred stock dividends can be paid through the sale of Bitcoin, but the market still has doubts about its potential risks.