🙂‍↕️ Block Unveils Bitkey Hardware Wallet and More

Block, founded by Jack Dorsey, announced several updates including the Bitkey 2.0 hardware wallet featuring a touchscreen, 2-of-3 multisig, and no seed phrases.

Cash App now supports automatic BTC conversion and offers 5% cashback at Square merchants.

Purchases of BTC over $2,000 have zero fees.

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⚡ JUST IN: Polymarket seeks CFTC approval to launch its main exchange in the US.

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🔈 OpenAI Plans AI-Centric Smartphone by 2028

OpenAI is developing a smartphone featuring a single AI agent instead of traditional apps, with the interface and user experience fully centered on AI.

The project is in collaboration with MediaTek and Qualcomm, while Luxshare will handle manufacturing.

Final specifications are expected to be confirmed between 2026 and 2027, aiming for a launch in 2028.

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⚡️ JUST IN: PUMPFUN claims to have burned all bought-back PUMP tokens, worth around $370M or about 36% of circulating supply to gain trust with its community.

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Banks profit when you're in debt.

Corporations profit when you spend.

Governments profit when you're an employee.

You profit when you're financially educated.

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💬 Elon Musk Calls OpenAI CEO a Scam

Elon Musk called OpenAI CEO Sam Altman "Scam Altman" after sharing an exposé from Grok.

Meanwhile, ZachXBT reminded the market about World Network (WLD), which launched a token with only about 1.4% free float, a scheme often compared to FTX practices.

The project collected biometric data from residents of poor countries in exchange for tiny WLD payments.

The "identity verification" idea created a black market for verified accounts. Insiders have been steadily dumping tokens OTC while supply keeps growing.

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10 crypto protocols were exploited in the past 10 days, according to DeFiLlama data.

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⚡️ JUST IN: Trust Wallet announces HyperLiquid is now live in Trust Wallet.

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⚡️ JUST IN: CZ shares Trust Wallet’s Hyperliquid integration announcement and states “One wallet, all access.”

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🪙 An Ethereum ICO whale woke up after 11 years

An investor who bought 10,000 ETH in 2015 for just $3,100 moved the coins to a new address for the first time in over a decade.

Their current value is about $23 million.

Such moves often signal preparation for a sale.

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😚 Fed Keeps Rate at 3.75%

The Federal Reserve kept its benchmark rate at 3.75%, as expected.

The economy grows moderately, labor market is stable, and unemployment is steady.

Inflation remains high, partly from rising global energy prices.

The Middle East conflict adds uncertainty. Future rate moves depend on incoming data with no preset path.

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Real

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The US will refund Trump tariffs from May 11 after the Supreme Court ruled them illegal, up to $166 billion.

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Tether minted 1,000,000,000 USDT.

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📉 American Bitcoin Boosted Eric Trump's Wealth Amid Retail Losses

American Bitcoin went public on Nasdaq in September 2025 at $13.2 billion. Shares have since dropped 92%. Yet, Eric Trump's net worth rose from $190 million to $280 million without his own investment.

Forbes reports 70% of the company's bitcoins were bought via stock issuance, not mining. The firm acquired equipment backed by 3,090 BTC. Of $525 million spent on coins, losses hit $135 million.

Afterward, Eric Trump called Forbes a "political weapon" and "a disgrace to journalism."

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🔽 93% of Web3 Games Are Dead

According to research firm Caladan, the GameFi sector is effectively collapsing, with 93% of projects deemed "dead" and most metrics down by over 90%, despite $12-15 billion invested since 2020.

The peak was in 2022, followed by a crypto winter, the Ronin hack, and capital outflows to AI and other sectors. Even leading projects lost users, for example, Axie Infinity's active users dropped from 2.8 million to around 100,000.

The main issue is tokenomics: investor-focused models collapse when growth slows.

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⚡️ JUST IN: Solana-based Carrot announced it is shutting down, citing the Drift exploit as catastrophic for its continued operations.

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The point of making money is not so you can buy everything.

The point of making money is so that no one can buy you.

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👊 WLFI Drops 17% Amid Token Unlock Vote

WLFI fell 17% after a vote on unlocking 62.28 billion tokens, with 99.9% support. The final vote is set for May 6.

The plan includes a 2-year cliff plus 2 years linear unlocking for early investors, and a 2-year cliff plus 3 years unlocking for team, founders, and partners.

10% of their allocation (~4.52 billion WLFI) will be burned.

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Experts warn the current BTC rebound might be a bull trap like in 2022.

Despite rising futures demand, spot demand remains negative.

They caution a full capitulation to form a solid bottom has not yet occurred.

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