According to SoSo Value data, the Hong Kong Bitcoin spot ETF saw its first net redemption since trading began on April 30th. On May 6th, there was a net redemption of 75.36 Bitcoins, with a total holding of 4150 Bitcoins, a daily turnover of 8.6 million US dollars, and a total net asset value of 266 million US dollars.

According to SoSoValue data, The total net inflow of US Bitcoin spot ETFs was $217 million on May 6 (US Eastern Time) yesterday. The net inflow of Grayscale ETF GBTC was $3.937 million yesterday, and GBTC's historical net outflow is currently $17.458 billion. The Bitcoin spot ETF with the highest net inflow yesterday was Fidelity ETF FBTC, with a net inflow of $99.1936 million in a single day, and FBTC's total historical net inflow has reached $8.13 billion. The second is Ark Invest and 21Shares' ETF ARKB, with a net inflow of $75.6412 million in a single day, and ARKB's total historical net inflow has reached $2.237 billion.

According to PUBLIC CITIZEN, a cryptocurrency industry-backed super PAC has raised over $102 million, ranking third among all super PACs participating in the 2024 election. More than half of the political funds for the cryptocurrency super PAC (about $54 million) come from direct corporate spending, mainly from Coinbase and Ripple Labs.It is reported that four of the eight corporate cryptocurrency super PAC donors have settled or face charges from the US Securities and Exchange Commission (SEC) for alleged violations of securities laws, with Ripple Labs alone facing a fine of nearly $2 billion.

Blockchain data tracking company Arkham has stated that the US government has seized $250 million worth of BTC, currently being held by Arkham. The US government obtained 3,940 BTC from drug dealer Banmeet Singh and seized them during a trial in January 2024. According to court documents, Singh was responsible for selling controlled substances on the dark web market from 2012 to 2017 and distributing them throughout the United States. The statement from the Department of Justice (DOJ) and court documents match the on-chain flow of funds already added to our US government entity.

According to HODL15Capital data, yesterday (May 6th), the net inflow of US Bitcoin ETF was 218 million US dollars.

According to HODL15Capital monitoring, the Hong Kong Bitcoin spot ETF has held 4,388 BTC since its listing.

Whale Alert monitoring shows that at 09:10:35 Beijing time, 400,000,000 DOGE coins (worth $62,825,933) were transferred from an unknown wallet to Robinhood.

According to Etherscan data, the current gas fee on the Ethereum network has dropped to 4 gwei.

For the past twenty one days I have been obsessed with a decentralized project called Higher. If interested in the origin lore you can read more here.

DAOs are collaborative networks which are likely to have a unique role in the future. To determine this role, you need to be able to look beyond what is happening today. Like a toddler taking its first steps, the DAOs of today are immature, unsteady and likely to stumble.