News linked to both this project and an event.
According to JIN10 Data, U.S. President Trump rejected Iran’s latest ceasefire proposal, calling it “completely unacceptable.” Iran subsequently responded that it would not draft proposals solely to please Trump. As a result, market risk aversion intensified: WTI crude oil opened 3% higher at $98.44 per barrel, the U.S. dollar strengthened, and futures on the three major U.S. stock indices fell by approximately 0.3%. Meanwhile, the United Kingdom and France are spearheading discussions among over 40 countries regarding naval escort missions for vessels transiting the Strait of Hormuz following the establishment of a stable ceasefire. Israeli Prime Minister Netanyahu stated that military operations against Iran have not yet concluded, while Iran warned that any deployment of foreign warships in the Strait of Hormuz under the pretext of “protecting shipping” would be regarded as an escalation of hostilities.
According to The Block, Julio Moreno, Research Director at on-chain analytics platform CryptoQuant, released a report on May 8 stating that Bitcoin has surged over 20% since early April, reaching a three-month high. However, the firm characterizes this rally as a “bear market bounce” and warns that profit-taking pressure may intensify further. On the data front, Bitcoin holders’ daily realized profit reached 14,600 BTC on May 4—the highest level since December 10, 2025. Meanwhile, the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) has remained consistently above 1.00 since mid-April, indicating the market has entered a sustained profit-taking phase. On a 30-day rolling basis, holders’ net realized profit turned positive at +20,000 BTC—the first time since December 22, 2025—after net losses plunged as deep as -398,000 BTC between February and March. Nonetheless, Moreno notes that the current net profit level of +20,000 BTC remains far below the historical 130,000–200,000 BTC threshold typically required to confirm a bull market transition, reinforcing the view that this is a “bear market bounce” rather than a structural trend reversal. Additionally, the current unrealized profit ratio stands at approximately 18%; historical experience shows that when this indicator rises to elevated levels, holders tend to sell to lock in gains, increasing correction risk.
LayerZero Labs posted on platform X, stating that the internal RPC used by LayerZero Labs had been attacked by the Lazarus Group over the past three weeks, compromising the true source of its DVN (Decentralized Verifier Network). Meanwhile, external RPC providers experienced DDoS attacks. The incident affected 0.14% of applications and approximately 0.36% of asset value. LayerZero Labs stated that assets are currently secure, and over $9 billion in funds have been bridged through the protocol since April 19.In response to the security risk, LayerZero Labs has ceased providing services for its DVN in a 1/1 configuration. Default configurations for all pathways will migrate to a multi-DVN model of at least 3/3 or 5/5 signatures. Additionally, regarding an incident from three years ago where a multi-sig holder mistakenly used a hardware wallet for personal transactions, LayerZero Labs has removed that signer and replaced the wallet, while developing a custom OneSig multi-sig system. LayerZero Labs advises developers to lock configurations to avoid reliance on default settings and plans to launch an asset management platform, Console, to enhance security monitoring.
Odaily Bitcoin mining company TeraWulf announced its Q1 financial report, showing that its high-performance computing (HPC) business has surpassed Bitcoin mining revenue for the first time, marking a critical phase in the company's transition to AI and cloud computing infrastructure. The company's total Q1 revenue was $34 million, roughly flat compared to the same period last year. HPC leasing revenue reached $21 million, exceeding digital asset mining revenue of less than $13 million for the first time, becoming the primary revenue source.The financial report also showed that the company's net loss widened to $427.6 million, primarily due to non-cash warrant revaluation. However, CFO Patrick Fleury emphasized that the company is shifting from "volatile mining revenue" to "stable long-term computing power contract revenue."Currently, 60MW of HPC capacity at TeraWulf's Lake Mariner data center in New York has begun generating revenue, with plans to continue expansion within the year. Meanwhile, the company is retrofitting some of its mining infrastructure into AI/HPC computing resources to support hyperscale computing demand. This trend continues to spread across the industry, with Bitcoin miners like Riot Platforms also diversifying their revenue structures through data center and AI contracts, gradually transitioning into "computing infrastructure companies." (The Block)
According to official announcements, xStocks—a tokenized U.S. equities platform—has launched its Unified Execution Layer, xChange, on Mantle. Powered by Atomic RFQ, xChange locks in optimal pricing and delivers deep liquidity—ensuring no partial fills and zero slippage. Users can now trade 10 tokenized U.S. equities—including Tesla (TSLAx), NVIDIA (NVDAx), Apple (AAPLx), and Meta (METAx)—24/7 via the Fluxion platform, with TradFi liquidity during market hours and on-chain liquidity outside of market hours—no waiting required. Meanwhile, from issuance through trading to redemption, Mantle is building a unified distribution layer by integrating Bybit’s CeFi liquidity, Fluxion’s DeFi execution, and xStocks’ Atomic RFQ into a composable stack—delivering a CeDeFi-standard experience engineered for institutional-grade precision trading.
Bitcoin briefly approached the key 200-day simple moving average (SMA) around $83,300 on Wednesday but failed to achieve a decisive breakout, subsequently falling back below $81,000. Meanwhile, the broader crypto market weakened, with the CoinDesk Smart Contract Platform Index falling over 2% in the past 24 hours, making it the worst-performing major sector. The 200-day moving average is widely regarded by the market as a key indicator for measuring long-term trends. If BTC can hold above this level, it would further reinforce the market narrative that the bear market, which saw prices fall below $63,000 in February, has ended and a new bull market has begun.However, a similar situation occurred historically in March 2022, when Bitcoin briefly broke above and tested the 200-day moving average before ultimately falling to around $20,000 by June of that year. As a result, some analysts are warning of the risk of a "fakeout."Analytics firm Marex stated that Bitcoin's ability to continue its upward trajectory depends on three factors: sustained spot buying pressure, a continued tightening of exchange supply, and a derivatives market that remains healthy without overheating. If all three factors align positively, Bitcoin could quickly open up the path towards the $85,000 range. Alex Kuptsikevich, Chief Market Analyst at FxPro, noted that this pullback appears more like a brief consolidation within an uptrend rather than an end to the trend. However, he also cautioned that the daily RSI had previously entered overbought territory, and similar instances in the past were accompanied by significant corrections.Additionally, the 10-year US Treasury yield has fallen to 4.32% from its early-month high of 4.46%, which is viewed as a potential positive factor for risk assets. (CoinDesk)
According to Bloomberg, traditional Wall Street financial institutions—including JPMorgan Chase & Co. and BlackRock Inc.—have recently posted dozens of job openings related to digital assets, standing out as one of the few employment bright spots amid the ongoing crypto market downturn. Meanwhile, cryptocurrency firms such as Coinbase Global Inc. are conducting large-scale layoffs. The report notes that job seekers with Wall Street experience are facing relatively more favorable employment opportunities in the current market environment.
According to Bloomberg, American Bitcoin Corp., a bitcoin mining company backed by the Trump family, released its Q1 2026 financial results, reporting a net loss of $82 million—worsening from a $59 million loss in the previous quarter (Q4 2025), marking its second consecutive quarter of losses. Meanwhile, the company’s Q1 revenue stood at approximately $62 million, down roughly 20% year-on-year, primarily due to a decline in average bitcoin mining revenue per coin. Headquartered in Miami, the company was founded just before bitcoin’s price retreated from its all-time high.
Decentralized prediction market platform Polymarket has officially launched its Deposit Wallets feature. Newly registered users will automatically receive a dedicated deposit address. As this feature rolls out fully, the existing “ghost fills” issue is expected to gradually diminish. Meanwhile, the team continues to monitor system performance to ensure stable operation.
: South Korea's crypto industry has expressed strong concerns over proposed amendments to anti-money laundering (AML) regulations, arguing that the rules could impose excessive compliance burdens on Virtual Asset Service Providers (VASPs).According to Yonhap News Agency, the Digital Asset eXchange Alliance (DAXA), representing 27 VASPs including Upbit, Bithumb, Coinone, Korbit, and Gopax, submitted comments opposing the classification of all overseas virtual asset transfers exceeding 10 million won (approximately $6,800) as suspicious transaction reports.DAXA warned that this rule could cause the number of suspicious transaction reports from South Korea's top five exchanges to skyrocket from approximately 63,000 last year to over 5.4 million—an increase of about 85 times—severely impacting the efficiency of actual compliance execution. Furthermore, the industry also opposes a new obligation requiring exchanges to verify the accuracy of customer information, arguing it exceeds the scope of current legal authorization.South Korea's Financial Services Commission (FSC) and Financial Intelligence Unit (FIU) proposed the relevant amendments on March 30, which have now entered a public comment period, with final deliberation expected to be completed in July.Meanwhile, legal disputes between Korean exchanges and regulators over AML penalties continue. Multiple platforms are challenging previous business restrictions and fines through the courts, reflecting an escalating tension between regulatory tightening and the industry's execution capabilities. (Cointelegraph)
A countersuit filed by World Liberty Financial has been submitted to a Florida state court, accusing Justin Sun of defamation and claiming he launched a "systematic pressure campaign" against the project. The case stems from a long-standing dispute between the two parties over token freezes and fund control. World Liberty Financial stated that Justin Sun's previous public accusations and related statements on social media constitute defamation. Meanwhile, Sun had previously filed a lawsuit accusing the project of illegally freezing approximately $240 million worth of his token assets. (Fortune)
stablecoin infrastructure startup Rain is now valued at $1.95 billion and has announced a partnership with payment giant Mastercard to issue credit and prepaid cards, while also exploring the use of stablecoins for payment settlements. Previously, Rain primarily relied on the Visa network for its card products. This collaboration with Mastercard marks its entry into a "dual-card network" strategy, further expanding its institutional client market. Rain stated that the partnership will focus on serving large institutional clients already deeply integrated with a single payment network, enabling them to introduce stablecoin settlement capabilities without altering their existing payment systems.Meanwhile, the application of stablecoins continues to expand across the industry, with institutions such as Stripe and Coinbase actively promoting the integration of stablecoin payments and settlements. This indicates that the convergence of traditional finance and crypto payment infrastructure is accelerating. Analysts suggest that as regulatory frameworks gradually become clearer, stablecoins are rapidly transitioning from trading tools to enterprise payment and cross-border settlement infrastructure. (Fortune)
Garrett Jin, the agent of “1011 Insider Whale,” authored an analysis stating that Trump’s so-called “Project Freedom” is not a signal of risk mitigation but rather a “fuse” for a new wave of uncertainty. Although the market interprets it as a de-escalation and has driven risk assets higher, its underlying structure more closely resembles a “limited engagement + potential response” strategic framework. This initiative primarily maintains maritime security through coordination of shipping lanes, insurance support, and military readiness—rather than direct naval escort—potentially amplifying market reactions once triggered by specific events. Meanwhile, multiple factors—including energy inventory pressures, heightened regional military deployments, shifts in policy and legal environments, and tightening diplomatic channels—are converging. Individually, these variables do not constitute definitive signals; however, their concentration within the current time window may elevate market volatility risk. Overall, investors are advised to maintain caution and adopt hedging strategies, closely monitoring how macroeconomic and geopolitical variables could potentially disrupt market sentiment.
North Korea has denied allegations of its involvement in cryptocurrency theft, calling the claims "absurd slander" and a "political tool." The statement, issued by state-run media, emphasized that necessary measures will be taken to safeguard national interests. However, data from blockchain analytics firm TRM Labs shows that in the first four months of 2026, hacker groups linked to North Korea have stolen approximately $577 million, accounting for about 76% of global crypto theft losses during the same period. This includes two major attacks on KelpDAO (approximately $292 million) and Drift Protocol (approximately $285 million).TRM pointed out that the attacks are primarily associated with the Lazarus Group and its sub-organizations. Since 2017, the cumulative scale of crypto theft linked to North Korea has exceeded $6 billion.U.S. and international agencies widely believe that such funds are used to support military and missile programs. Meanwhile, the U.S. Treasury Department has recently imposed sanctions on relevant individuals and entities, targeting approximately $800 million in illicit fund flows in 2024. (The Block)
According to CoinDesk, Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, stated at the Bitcoin Conference in Las Vegas that U.S. banks may hold bitcoin on their balance sheets in the future—but the timeline remains uncertain due to guidance from the Federal Reserve, the Basel Accords, and global regulatory requirements. Meanwhile, Morgan Stanley’s recently launched MSBT—the first bank-issued bitcoin ETP—drew over $100 million in inflows within its first six days of listing, all sourced exclusively from self-directed investment channels and not yet made available to financial advisors. Oldenburg noted that slow adoption by the advisor channel stems primarily from an education gap; the bank has initiated internal training programs to address this and is applying for a digital trust charter from the Office of the Comptroller of the Currency (OCC) to support direct custody of crypto assets and spot crypto trading services.
World Liberty Financial has initiated a token unlocking governance proposal vote, involving 62,282,252,205 locked WLFI tokens. According to the proposal, if passed, the relevant tokens will not enter the market for at least two years.The proposal indicates that up to 45.2 billion WLFI held by the founding team, advisors, and partners will be subject to a 2-year lock-up followed by a 3-year linear unlock, along with a maximum burn of approximately 4.5 billion tokens. Meanwhile, approximately 17 billion locked tokens held by early supporters are proposed to be converted to a 2-year lock-up followed by a 2-year linear unlock. The voting period for this proposal is 7 days, with a quorum threshold of 1 billion WLFI.
According to QCP Capital’s market report, as the geopolitical risk premium gradually subsided last week, market sentiment turned cautious, and investors’ attention has refocused on policy direction, the interest-rate path, and the economic growth outlook. Equities have been trading near recent highs but lack momentum for an upside breakout. The Federal Reserve’s FOMC decision is due today. A pause in rate hikes is now the baseline market expectation; however, with no new CPI or employment data released since the prior meeting, markets are highly sensitive to Chair Powell’s commentary—any hawkish signal could swiftly reprice front-end rates and tighten financial conditions. Meanwhile, growing attention is turning to potential leadership changes at the Fed. Kevin Warsh has gained increasing traction in market forecasts. His hawkish stance on inflation and skepticism toward quantitative easing stand in marked contrast to current policy approaches. Should he assume leadership, liquidity-driven assets—including crypto—could face pressure, given crypto markets’ particular sensitivity to rising real yields and a stronger U.S. dollar. Regarding Bitcoin: after a strong performance in April—supported by ETF inflows and sustained institutional accumulation—the price has entered a range-bound phase. Funding rates remain subdued, volatility continues to narrow, and the broader market is in a wait-and-see mode. QCP believes Bitcoin’s next directional move will hinge more on Fed signals and macroeconomic data than on crypto-native flows. Additionally, the upcoming tech earnings season, alongside releases of the PCE and GDP price indices, will further test the validity of the “soft landing” narrative.
Odaily News, Web3 security company CertiK has released its "2026 State of Digital Asset Regulation" report, systematically reviewing global regulatory trends. The report indicates that as of April 2026, regulatory frameworks in major jurisdictions such as the United States, the European Union, Hong Kong SAR, and Singapore have been largely established, and the industry is entering a phase of comprehensive compliance.The report shows that anti-money laundering (AML) enforcement has replaced securities classification as the primary regulatory risk. In the first half of 2025, global AML-related fines exceeded $900 million, making transaction monitoring capabilities a core compliance requirement. Meanwhile, smart contract security audits are evolving from industry best practices into access conditions, becoming a prerequisite for license approval and token listings. Additionally, global stablecoin regulatory frameworks are converging, with principles such as full reserve backing and licensed issuance becoming widespread, though cross-jurisdictional regulatory differences still pose compliance challenges.The report states that with regulatory convergence and strengthened enforcement, the industry has entered an "era of strong compliance." CertiK indicated that the core challenge for enterprises is shifting from "whether to comply" to "how to quickly build and implement compliance capabilities." Multi-jurisdictional licensing, AML investment, and continuous security audits are becoming fundamental entry requirements for institutional development.
in the Gate Prediction Market event concerning the "Second-Largest Company by the End of April," Alphabet's current probability has reached 99%, significantly领先 over other options such as Apple, NVIDIA, Microsoft, Amazon, Tesla, and Saudi Aramco, indicating a highly concentrated market expectation. In terms of related asset trading, Gate's Perpetual Contract Stock Section has listed several popular tech stock perpetual contracts, including GOOGLXUSDT, NVDAXUSDT, and TSLAXUSDT, providing users with diverse participation pathways from event assessment to asset trading.Meanwhile, the Gate Prediction Market has completed multiple functional upgrades: added a one-stop search and intelligent recommendation mechanism, supporting keyword quick retrieval and category browsing; enhanced historical billing and filtering functions, making fund flows clearer and more traceable; added a multi-level category and breaking news section on the homepage to help users efficiently capture hot opportunities; and expanded the sports market to include more derivative gameplay, enhancing strategic flexibility while lowering participation barriers.Currently, Gate's performance within the Polymarket partnership channel continues to improve, with its market share ranking among the top two in the industry. Users can access the prediction market directly through the Gate App, enter the Polymarket page via the Alpha feature on the platform's homepage, and use USDT in their exchange account to participate in event predictions. This integration marks a key step for Gate in merging the crypto trading ecosystem with the prediction market, offering users a diversified market experience from expectation assessment to trading participation.
According to an official announcement, ZetaChain stated that its GatewayEVM contract was attacked today, with the impact limited solely to internal wallets controlled by the ZetaChain team. The official statement confirmed that the attack vector has been blocked and no further funds are currently at risk. As a precautionary measure, ZetaChain has suspended cross-chain transactions. Meanwhile, the investigation remains ongoing; according to the official statement, no user funds have been affected by this incident, and a detailed post-mortem report will be released upon completion of the investigation.