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U.S. cryptocurrency exchange Kraken announced it will list Neo (NEO) and Gas (GAS) for spot trading today. NEO is the governance token of the open-source Neo blockchain, and GAS is used as payment for network transaction fees and smart contract execution. According to CoinMarketCap, NEO is currently trading at $2.94, up 1.37%, while GAS is trading at $1.66, up 1.56%.

A joint proposal to unfreeze approximately $71 million in ETH, frozen by the Arbitrum Security Council following a Kelp DAO exploit, has been approved. The move is expected to accelerate the recovery of rsETH collateral. The proposal was jointly submitted by Aave Labs, Kelp DAO, and LayerZero.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $109.15 million liquidated (88.76% longs) - ETH: $80.53 million liquidated (91.49% longs) - TON: $25.46 million liquidated (51.82% longs)

U.S. spot Ethereum ETFs recorded a total net outflow of $103.51 million on May 7, according to data compiled by Trader T. This marks a shift to net outflows after four consecutive days of net inflows. - BlackRock's ETHA: -$26.31 million - Fidelity's FETH: -$62.26 million - 21Shares' TETH: -$2.86 million - Grayscale's ETHE: -$8.38 million - Grayscale's Mini ETH: -$3.70 million

U.S. Senate Democrats are considering withdrawing their support for the Clarity Act if it does not include ethics provisions for public officials regarding cryptocurrency, Politico reported, citing three sources. The key point of contention is whether to add the provisions during the Senate Banking Committee's vote. Republicans argue the matter is outside the committee's jurisdiction and propose adding the rules at the full floor stage, a position Democrats have rejected. Sen. Ruben Gallego of Arizona, who has been leading the ethics negotiations for the Democrats, reportedly stated in a private meeting on April 29 that the provisions must be incorporated at the committee level. The push for these ethics rules is reportedly fueled by concerns surrounding the Trump family's cryptocurrency business. Meanwhile, industry observers expect the bill's markup to proceed next week.

An address associated with the LAB project has moved a significant amount of tokens amid allegations of price manipulation. The transfer follows an offer by on-chain analyst ZachXBT of a $10,000 bounty for evidence against LAB founder Boba Sadikov, whom he accuses of market manipulation. According to on-chain analyst @ai_9684xtpa, 3.66 million LAB tokens, valued at approximately $14.07 million, were transferred from a multi-signature address starting with 0x36F to another address starting with 0xf09. The funds were traced back to the LAB token deployment address. Following this transfer, 2.125 million LAB were moved to two contract addresses for an unconfirmed purpose.

According to crypto analyst Ali Martinez, the average acquisition price for Bitcoin short-term holders (STH)—defined as addresses holding for less than 155 days on-chain—is currently $80,300. He warned that if BTC trades below this level, these holders will be at a loss. Martinez added that a failure to hold $80,300 could prompt new whales to sell to avoid further losses, potentially triggering significant selling pressure.

U.S. Bitcoin spot ETFs recorded approximately $268.46 million in net outflows on May 7, according to Trader T. This marks a shift to outflows after five consecutive trading days of net inflows. - BlackRock's IBIT: -$98.02 million - Fidelity's FBTC: -$128.99 million - Morgan Stanley's MSBT: +$7.35 million - Ark's ARKB: -$12.62 million - Invesco's BTCO: -$9.97 million - VanEck's HODL: -$5.1 million - Grayscale's GBTC: -$26.78 million - Grayscale's Mini BTC: +$5.67 million

Bithumb has announced that it will temporarily suspend deposits and withdrawals for STABLE at 2:00 a.m. UTC on May 13 to support the token's network upgrade.

A consortium of major Japanese banks and securities firms plans to introduce a 24/7 trading system for tokenized government bonds by the end of this year, Nikkei reported. The core of the initiative is to issue government bonds as blockchain-based digital securities, or security tokens, and settle transactions with stablecoins, enabling a shift from the current T+1 to a T+0 same-day settlement cycle. The initial focus will be the repo (repurchase agreement) market, which is valued at approximately $16 trillion as of the end of 2024, with Japan accounting for about 10% of the total. A development organization will be launched in May, centered around Progmat, a stablecoin platform under MUFG. Participants include Japan's three megabanks—Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank—as well as Tokio Marine Holdings, Daiwa Securities, SBI Securities, BlackRock Japan, and State Street.

Mirae Asset Securities' U.S. subsidiary announced today that it has joined a tokenization working group led by the Depository Trust & Clearing Corporation (DTCC), the largest securities depository and clearinghouse in the United States, Digital Asset reported. The DTCC, which provides the core infrastructure for clearing, settlement, and custody in U.S. capital markets, is spearheading discussions with global financial firms to build and standardize a token-based securities market infrastructure. Other members of the working group include JPMorgan Chase, Goldman Sachs, Morgan Stanley, BlackRock, Citigroup, UBS, and the New York Stock Exchange.

Chainlink (LINK) has entered the early stages of a supply squeeze driven by record-breaking accumulation among its key investors, according to on-chain analytics firm Santiment. In a post on X, the firm noted that whale and shark wallets holding between 100,000 and 10 million LINK have added 32.93 million LINK, a 7.7% increase, over the past month. The number of wallets in this cohort has also surpassed 461,000, setting a new all-time high. Santiment stated that this group represents the most active capital outside of exchange custody addresses and that, historically, their strong accumulation tends to precede price increases. The firm suggested that since this accumulation occurred while LINK was consolidating near multi-month lows in the first quarter of 2026, a continued Bitcoin rally could lead to a sharp upward price movement for LINK amid the reduced supply.

CoinMarketCap's Altcoin Season Index stands at 43, down one point from yesterday. The index is calculated by comparing the price performance of the top 100 coins by market cap, excluding stablecoins and wrapped tokens, against that of Bitcoin. An altcoin season is declared if 75% of these coins outperform Bitcoin over a 90-day period, with the opposite scenario considered a Bitcoin season. A score closer to 100 is indicative of an altcoin season.

A suspected Matrixport-affiliated address has sold an additional 100,000 HYPE, worth approximately $4.26 million, Onchain Lens reported. According to on-chain data, the address is estimated to have sold a total of 200,000 HYPE to date, monetizing 8.447 million USDC.

Hyperliquid Strategies disclosed a net loss of $165.4 million for the nine months ending March 31. The company attributed the result primarily to $64 million in unrealized losses on its HYPE token holdings, a $35.6 million one-time write-off related to its acquisition of Sonnet BioTherapeutics, and $60.5 million in deferred income taxes. For the three-month period, the firm recorded $2.6 million in staking revenue and $1 million in interest income, against operating expenses of $7.2 million. Its current cash holdings stand at $103 million. Founded in December 2025, Hyperliquid Strategies currently holds approximately 20 million HYPE tokens.

Block, the blockchain and mobile payments company led by Jack Dorsey, posted a $173 million impairment loss on its Bitcoin holdings in the first quarter, The Block reported. The company's total corporate and customer Bitcoin holdings amounted to 28,355 BTC, valued at approximately $2.2 billion. Despite the Bitcoin-related loss, Block's overall financial performance was strong. First-quarter gross profit rose 27% year-over-year to $2.91 billion, while adjusted operating income increased by 56% to $728 million. The Cash App division saw its gross profit climb 38% to $1.91 billion, driven by growth in lending, banking, and commerce, though its Bitcoin-related revenue declined by 31% from the previous year. In the Square division, Bitcoin-related revenue was around $28 million, but similar costs resulted in a minimal contribution to profit. Block raised its full-year guidance, citing business execution and future expectations.

Onchain Lens reported that 1.46 million ENS tokens, worth $9.32 million, were deposited to Binance approximately three hours ago after being unlocked from an Ethereum Name Service (ENS) timelock contract. Deposits to exchanges are typically interpreted as a sign of intent to sell.

A U.S. government-controlled wallet deposited 2,466 UNI ($8,410), 152,925 CRO ($10,689), and 1,589 LINK ($15,703) into Coinbase Prime approximately six hours ago, according to Onchain Lens. The assets were seized from Brian Krewson, who is currently serving a prison sentence on charges of aiding money laundering related to drug offenses.

This is an order book analysis chart for the BTC/USDT spot pair, showing the Volume Heatmap in the top section and the Cumulative Volume Delta (CVD) in the bottom section. - The top Volume Heatmap tracks the volume of trades at specific price levels. The background color becomes brighter when the price lingers in a certain range or moves significantly. Areas with brighter colors may act as support or resistance levels. - The bottom Cumulative Volume Delta (CVD) indicator represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

Bitcoin options with a notional value of $1.59 billion are set to expire at 8:00 a.m. UTC today, May 8, according to data from crypto options exchange Deribit. The put/call ratio is 0.74, indicating a prevalence of bullish bets, while the max pain price—the point at which the most option holders would see their contracts expire worthless—is $79,500. Additionally, Ethereum options worth $410 million will expire at the same time. These have a put/call ratio of 0.94 and a max pain price of $2,350.

The Fear & Greed Index from cryptocurrency data provider CoinMarketCap stands at 47, down three points from yesterday. The index remains in the neutral phase. The index indicates extreme market fear as it approaches zero and extreme optimism as it nears 100. CoinMarketCap's index is calculated based on the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data such as put/call ratios, the Stablecoin Supply Ratio (SSR), and the platform's own search data.

DL News, the crypto media outlet founded by the team behind DeFiLlama, will cease operations at the end of May. The company explained this was due to its failure to build a sustainable, independent crypto media business. It also cited a deteriorating operational relationship with DeFiLlama following internal conflicts in early 2023.

The number of Bitcoin wallets has decreased by 245,000 in just five days, marking the largest drop since the summer of 2024, according to Santiment. The analytics firm explained that this is a sign of capitulation, where the public leaves the market out of fear. Santiment added that the prevailing analysis suggests this event, paradoxically, could be laying the groundwork for a major bull market.

U.S. President Donald Trump described the retaliatory strike on Iranian targets as a "light punishment," ABC News reported. When asked if the ceasefire was over, Trump replied that it is ongoing and has already taken effect.

U.S. military authorities said Iran launched an unprovoked attack on U.S. Navy destroyers as they were passing through the Strait of Hormuz.