GameStop is preparing to make an offer for eBay, according to the Wall Street Journal, part of CEO Ryan Cohen's plan to build the company into what the Journal calls "a $100 billion-plus juggernaut."

GameStop has been quietly building a stake in eBay ahead of a potential offer, which could come later this month. If eBay isn't receptive, Cohen could take the offer directly to shareholders.

The size gap is notable. GameStop's market cap is around $12 billion. eBay's is roughly $46 billion. GameStop is sitting on about $9 billion in cash and $368 million in bitcoin, but how it would finance a deal nearly four times its size is unclear.

GameStop shares rose about 7% after hours. eBay jumped 12%.

Sam Altman announced that OpenClaw now supports direct sign-in with ChatGPT accounts.

Subscribers can now use their OpenAI subscription directly on the open-source AI agent.

Paradigm researcher Dan Robinson published a proposal called PACTs (Provable Address-Control Timestamps).

Robinson argues if quantum computing ever becomes a real threat to Bitcoin, the network may need to respond with an emergency soft fork that freezes spending from vulnerable addresses. Freezing vulnerable addresses would stop quantum attackers from draining wallets, but it would also lock out the legitimate owners.

PACTs would attempt to solve this by using zero-knowledge proofs to let holders secretly timestamp their knowledge of a private key. The timestamp is generated offchain and anonymously, without revealing address ownership or moving any funds. If a freeze ever happened, a holder who generated a PACT beforehand could use it to prove they knew the private key before any quantum computer could have derived it, separating them from an attacker.

Robinson says dormant Bitcoin addresses would be the most exposed under this scenario. Wallets belonging to early miners, long-term holders, and what he estimates as Satoshi Nakamoto's 1.1 million BTC haven't moved in years. Their owners may not be monitoring developments or in a position to upgrade.

He frames PACTs as a preparatory measure rather than a complete solution. From his paper: adopting PACTs now "would help give holders as much time as possible to secure their coins against an emergency sunset, while allowing us to leave the more difficult decisions, including whether a sunset is necessary or desirable, until later."

The catch: holders would need to generate a PACT before quantum computers arrive or before any emergency fork kicks in. Anyone who doesn't act in time would risk permanently losing access to their coins under this framework.

Senators Thom Tillis (R-NC) and Angela Alsobrooks (D-MD) have finalized a compromise on stablecoin yield, clearing the way for the Clarity Act to move forward in the Senate Banking Committee.

The deal bans rewards offered "in a manner that is economically or functionally equivalent to the payment of interest or yield on an interest-bearing bank deposit." Companies could still offer rewards tied to stablecoins, but only if those rewards pass a regulatory test proving they aren't functioning like bank deposit interest. The compromise also directs regulators to develop a new stablecoin disclosure regime and define a list of permissible reward activities.

Stablecoin yield has been the central holdup for the Clarity Act for months. Banks argued that stablecoins offering 5-6% yields were directly competing with traditional savings accounts outside the banking regulatory framework. Tillis says he will push for the bill to enter markup after the May recess.

Separately, Tillis expressed support for Senator Cynthia Lummis' framework to protect non-custodial software developers from prosecution under 1960s-era money transmitting statutes, drawing a legal line between developers who write open-source code and entities that actually control customer funds.

Saylor: "Everything gets too big. Big government, big charity, big bank, big education, big medicine, big foreign policy, big defense. In nature when a creature gets too big it collapses under its own weight. The elephant is the limit to what nature can create."

"The smaller the better. The smallest possible government. Most government intervention is iatrogenic. It cripples everything."

CFTC Chairman Mike Selig told the ICI Leadership Summit today that free-market principles will guide the agency.

He said demand for financial products will always exist and the U.S. should keep that activity in regulated domestic markets rather than push it offshore.

Trump just told Congress the Iran war is "terminated" in a letter timed to the 60-day War Powers Resolution deadline. No exchange of fire since the April 7 ceasefire, so legally, the clock stops and no congressional authorization is needed.

But U.S. troops are still deployed across the region. The Strait of Hormuz is still restricted. Iran's president is calling the U.S. naval blockade "an extension of military operations." Oil is above $126 a barrel. Gas just hit $4.39 a gallon nationally, up 27 cents in a single week.

The War Powers Resolution was designed to force presidents to get congressional approval before committing the country to prolonged military conflict. Instead, every administration just finds a legal workaround. Declare the war over on paper, keep forces in place, and if hostilities resume, the 60-day clock resets from zero.

Congress has forced six floor votes to limit the president's war powers in Iran. Republicans blocked all six.

The war is over. Except for the part where it isn't.

Sen. Josh Hawley’s GUARD Act, which bans AI chatbots from simulating emotional companions, encouraging self-harm, or engaging in explicit conduct with minors, passed the Senate Judiciary Committee unanimously.

Saylor: "There's gonna be an explosion in prosperity because a billion robots will do all the work and a billion cars will drive themself. Then I think you'll see a socialist wave of entitlements. Universal healthcare, universal basic income, universal housing, universal entitlements."

"People worry that there won't be enough. That's not the problem. There'll be too much. Too much music, too much entertainment, too much food, too much alcohol, too much sugar, too much stimulation. Different civilizations will be distinguished by how they react to it."

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Saylor on what gets demonetized in the AI era.

"Hard work and talent are getting demonetized. Human capital is getting demonetized."

"If you think the glass beads are money and someone comes along with gold then the glass beads get demonetized and you'll be poor if you hold onto them."

Gas just hit $4.39 a gallon nationally. Up 27 cents in one week. Up 9 cents since Thursday alone.

This isn't seasonal pricing. This is what happens when 20% of the world's oil supply gets choked off in the Strait of Hormuz for two months straight.

Brent crude is above $126 a barrel. Trump says the blockade could last "months." Iran is taunting "$140 next."

The last time the national average was this high was August 2022. We're on pace to blow past it.

Every American is paying a war tax at the pump right now.