Hyperliquid co-founder Jeff: The biggest problem in the crypto industry is the difficulty of attracting top entrepreneurial talent.

According to on-chain data, the attacker behind the hack of crypto market maker TrustedVolumes has returned 1,122 ETH, valued at over $2 million. The attack initially led to the theft of more than $5.8 million in total assets. To date, the attacker has returned roughly $2 million worth of stolen funds, while retaining around another $2 million as a "vulnerability bounty". BlockBeats previously reported that on May 7, per monitoring from blockchain security firm PeckShield, TrustedVolumes suffered a hack resulting in approximately $5.9 million in losses, including around $3.02 million in ETH, $1.37 million in WBTC, and $1.47 million in stablecoins. The attacker converted the stolen funds into roughly 2,513 ETH.

According to Iranian media outlet Fars News, Iran’s Department of Environment has submitted the "Detailed Rules for the Implementation of Environmental Service Fees for Vessels Transiting the Strait of Hormuz" to the Iranian government. The fee standard will be determined based on factors including vessel type, cargo nature, past records, and potential environmental risk levels, while specific payment and execution mechanisms will be formulated later by relevant competent authorities. Iran noted that the plan is developed under international legal frameworks such as the United Nations Convention on the Law of the Sea (UNCLOS). When vessels violate the principle of "innocent passage" or pose threats to a coastal state’s national security, public health, and ecological environment, coastal states have the right to take legal measures and charge for related public health and environmental protection services provided. The head of Iran’s Department of Environment emphasized that ensuring the safety and sustainable navigation of the Strait of Hormuz requires corresponding financial support, and stated: "The security of the Strait of Hormuz has always been, is now, and will remain the responsibility of the Islamic Republic of Iran."

In response to on-chain investigator ZachXBT’s earlier claim that “all hardware wallets are garbage and not recommended for signing transactions or storing funds,” Trezor’s Chief Commercial Officer Danny Sanders pushed back, calling the assessment overly one-sided. Sanders acknowledged that hardware wallet software or firmware updates can indeed disrupt critical operations like high-value transactions, and current products still have gaps in balancing security and usability. However, he noted that the scenario ZachXBT described primarily applies to advanced users managing large sums of assets, and a single hardware wallet is not the optimal solution on its own—so the entire hardware wallet category should not be dismissed based on that. Sanders also pointed out that using an iPhone dedicated solely to signing and storing assets has some value as an advanced security measure, but compared to hardware wallets, mobile devices have a larger attack surface due to features like Wi-Fi, Bluetooth, cellular connectivity, and iMessage. Additionally, hardware wallets come with an independent display that lets users verify transaction details before signing, making them still the strongest self-custody option available for regular crypto users. Furthermore, Tornado Cash co-founder Roman Storm partially agreed with ZachXBT’s view, noting that current mobile wallets lack support for BIP39 passphrases and air-gapped signing, and urged wallet developers to add these security features as soon as possible.

According to Lookonchain’s monitoring, a whale address linked to a16z has been steadily reducing its HYPE holdings. Over the past 24 hours, the address sold another 421,796 HYPE tokens, valued at roughly $25.3 million.

According to a Reuters report, against the backdrop of escalating US-Iran tensions, Pakistan has conveyed a clear position to Iran: any attack targeting Saudi Arabia will be regarded as an attack on Pakistan, an uncrossable "red line" for Islamabad. The report noted that Pakistan's government and military have communicated this stance to Iran's highest leadership. Under the joint strategic defense agreement signed by Pakistan and Saudi Arabia in 2025, an attack on either party is deemed an aggression against both. Additionally, sources disclosed that Iran has informed the Houthi movement that if the US strikes Iran's power facilities, the Houthis will consider blocking the Bab el-Mandeb Strait. The Houthis are reportedly deploying missiles and drones near the strategic waterway. Analysts warn that simultaneous blockages of both major energy transport routes—the Strait of Hormuz and the Bab el-Mandeb Strait—would trigger further disruptions to global energy supply chains and international shipping. For its part, Pakistan called on all parties to exercise restraint and ease regional tensions through diplomatic means.

According to Farside's monitoring, U.S. spot Ethereum ETFs saw a net inflow of $36.7 million yesterday. Of the total, ETHA recorded a net inflow of $31.7 million, and FETH posted a net inflow of $5 million.