Overview of Key Developments Overnight on May 3
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21:00-7:00 Keywords: Arbitrum, "Clarity Act", Iran, Berkshire 1. Trump: Reviewing Iran's latest proposal; 2. Berkshire net sold over $8 billion in stocks in the first quarter; 3. US CFTC chairman to restrict state-level regulatory agencies from intervening in prediction markets; 4. Iranian media reveals the core conditions of Iran's proposal—Iran demands resolution within 30 days; 5. Central Bank of Brazil prohibits the use of stablecoins and cryptocurrencies for settlements in cross-border payments; 6. Legislators reach an agreement on stablecoin yield provisions, which had delayed the "Clarity Act" for several months; 7. Arbitrum committee votes to unfreeze $71 million worth of ETH to curb Kelp DAO losses.
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