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Weekly Brief
May 4, 2026

BTC ranges around $78K in fear territory; Western Union to issue a Solana stablecoin; Powell’s term ends May 15

The Aave rsETH crisis continues: TokenLogic proposed suspending AAVE buybacks from April 19, with a community vote beginning April 28. Avi Eisenberg’s wallet became active again after his release from prison; he denied threatening the Aave protocol. Compound proposed allocating 1,900–3,000 ETH (about $4.4M–$6.9M) to the DeFi United rsETH recovery plan. Western Union announced that it will issue the USDPT stablecoin on Solana next month for internal settlement and launch a Digital Asset Network for crypto-to-fiat conversion. BTC ETFs recorded $824M in cumulative net inflows this week, and MicroStrategy added 3,273 BTC.

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