Today's top news highlights:
Binance Alpha will list ShareX (SHARE) today.
The Aptos Foundation and Aptos Labs will invest over $50 million to support ecosystem development.
Cloudflare lays off over 1,100 employees as it shifts towards an AI-driven operating model.
Japan plans to put its government bonds on a blockchain to enable 24-hour trading.
Regulation & Macro
The South Korean National Assembly passed an amendment to the Foreign Exchange Transactions Act, requiring companies engaged in cross-border transfers of virtual assets to register with the Ministry of Finance and Economy, and bringing the cross-border flow of virtual assets such as stablecoins under the foreign exchange management system. The amendment redefines "virtual asset transfer business" to include exchanges and custodian institutions. It also restructures the foreign exchange business system, increasing penalties for violating foreign exchange transaction procedures to up to one year in prison or a fine of up to 100 million won.
Iran is reviewing the US response to its 14-point proposal and is expected to issue a formal reply on May 8. The 14-point proposal aims to end hostilities and open a 30-day window for negotiations to discuss issues such as the nuclear program, sanctions relief, and safe passage through the Strait of Hormuz. The US awaits Iran's position on these key issues.
The Senate Banking Committee may notify the Senate as early as tomorrow of its consideration of the CLARITY bill, with a vote expected next Thursday. The language of the draft bill is still being finalized, and some provisions have raised concerns, but the overall atmosphere is positive.
Project Updates
Binance Alpha will launch ShareX (SHARE) trading on May 8th at 18:00. Users with at least 230 Binance Alpha Points can receive a SHARE airdrop of 40 tokens on a first-come, first-served basis, costing 15 points. The point threshold decreases by 5 every 5 minutes, and users must confirm their claim within 24 hours.
Trading has resumed on all markets of the Coinbase exchange. Earlier reports indicated that the Coinbase exchange had been down for over two hours . Coinbase stated that the outage was caused by excessive temperature in its AWS data center and that trading would resume soon .
Chaos Labs: Oracle Network Remains Secure After Suspected "Nationwide" Wallet Attack
Chaos Labs stated that its oracle network suffered a suspected "nation-state" attack over the weekend, but was not compromised. The attack was limited to daily operational wallets; the oracle network operates in an isolated environment with multiple layers of security. All keys have been rotated, and no further suspicious activity has been detected.
Platform X has launched an upgraded version of its Cashtag feature, which embeds real-time market charts and prices directly into posts, making it easier for users to view real-time information on assets such as Bitcoin.
Binance Alpha will list ShareX (SHARE) today.
Binance Alpha will list ShareX (SHARE) on May 8th. Eligible users can use Binance Alpha Points to receive airdrops after Alpha trading opens.
The Aptos Foundation and Aptos Labs will invest over $50 million to support ecosystem development.
The Aptos Foundation and Aptos Labs announced an investment of over $50 million to support ecosystem development, covering proprietary products, research, protocol infrastructure, and a strategic fund for trading and AI partners. Aptos focuses on institutional markets and autonomous systems, and has already launched the on-chain order book Decibel. Future plans include crypto mempools, FIX, and CCXT connectivity, with the APT token serving as the core asset.
Arbitrum DAO approved the release of approximately 30,800 frozen ETH for rsETH recovery efforts.
Arbitrum DAO passed a proposal with 90.96% approval, authorizing the release of approximately 30,800 frozen ETH to compensate rsETH holders affected by the attack. The funds will be transferred to a multi-signature recovery address, and Aave Labs has pledged to compensate related claims.
Cloudflare lays off over 1,100 employees as it shifts towards an AI-driven operating model.
Cloudflare announced layoffs of approximately 20%, or over 1,100 employees, as part of an operational restructuring focused on AI tool applications. The CEO stated that the company is redesigning its teams to adapt to the era of proxy AI, and its own AI usage has increased more than sixfold in the past three months. Second-quarter revenue is projected to be approximately $664 million to $665 million, slightly below expectations, and the stock price fell approximately 19% in after-hours trading.
Solv Protocol migrated $700 million worth of SolvBTC assets from LayerZero to Chainlink
Solv Protocol has migrated over $700 million worth of SolvBTC and xSolvBTC from the LayerZero cross-chain bridge to Chainlink CCIP, and has deprecated LayerZero support on multiple networks. This move is based on the latest security review and recent cross-chain attacks, following Kelp DAO's switch to Chainlink after the LayerZero bridge was attacked.
Japan plans to put its government bonds on a blockchain to enable 24-hour trading.
Several major Japanese banks and securities firms plan to issue Japanese government bonds as digital securities and manage them on a blockchain by 2026, enabling 24/7 trading. A yen-denominated stablecoin will be introduced for settlement to reduce costs and speed up delivery. The digital government bond scheme will allow circulation outside of traditional market trading hours.
Chain detective ZachXBT accused the LAB team of manipulating prices on centralized exchanges like Bitget by holding large amounts of tokens in a concentrated manner, frequently engaging in "pump and dump" tactics to harm retail investors. The founders attempted to contact them privately but received no response. Such behavior further erodes the credibility of the crypto industry.
mETH Protocol has announced the gradual closure of its liquidity staking token, cmETH. New minting has ceased, but existing positions can continue to be redeemed and used for cross-chain transactions. The final EigenLayer rewards will be distributed by mid-June 2026, and the reward claim window will close on November 7, 2026. No user interaction is required for mETH staking.
Investment and financing news
Swiss investment firm Multi Investment has raised CHF 480 million (approximately US$616 million) to manage assets exceeding CHF 3 billion. The firm will focus on high-growth sectors such as fintech, deep tech, blockchain, and Web3, and plans to increase its investment by the third quarter of 2026.
RWA blockchain platform Balcony raises $12.7 million in seed funding.
Balcony, an Avalanche-based RWA platform, has raised $12.7 million in seed funding, led by Blockchange Ventures, bringing its total funding to $14 million. The funds will be used to deploy an on-chain real estate trading and asset settlement service platform in the United States, utilizing AI to detect title fraud.
Anthropic is considering raising tens of billions of dollars this summer, potentially reaching a valuation of nearly $1 trillion, surpassing OpenAI. Its annualized revenue is about to exceed $45 billion, a five-fold increase since the end of last year. The new funding round has a pre-money valuation of approximately $900 billion and aims to raise as much as $50 billion, expected to be completed within two months. OpenAI's post-money valuation reached $852 billion after completing a $122 billion funding round in March.
Prediction market platform Kalshi has completed a new $1 billion funding round, led by Coatue Management, valuing the company at $22 billion. This is its third funding round in seven months, with each round roughly doubling its valuation. Kalshi has approximately 2 million monthly active users, an annualized trading volume of $178 billion, and annualized revenue exceeding $1.5 billion. It is seeking partnerships with major financial institutions for expansion.
Opinions & Analysis
ARK Invest CEO Cathie Wood clarified that the "1011 crypto market crash" last year was not triggered by Binance, but rather by a sharp market decline that caused some platform functions to malfunction, compounded by tariff anxieties that amplified systemic vulnerabilities. CZ thanked her for the clarification, noting that previous media reports had widely cited Binance as the cause of the crash.
At the Consensus conference, Changpeng Zhao expressed his hope to relaunch Binance.US, allowing American users to regain access to global crypto liquidity. He pointed out that US crypto policy has shifted, and BNB Chain's lack of exposure in the US, coupled with limited institutional access, actually presents an opportunity. He believes that AI agents need to transact through crypto payment tracks, and BNB Chain should be positioned as an AI agent payment infrastructure.
Several Wall Street firms have recently posted dozens of digital asset-related job openings, with annual salaries mostly ranging from $200,000 to $270,000, requiring experience in both traditional finance and crypto. JPMorgan plans to launch two tokenized products in 2026. Hiring demand at crypto-native companies has shrunk significantly, with a focus shifting to institutional business development in areas such as ETFs, asset tokenization, custody, and compliance in 2026.
Important data
On May 7th, Bitcoin spot ETFs saw a total net outflow of $277 million, marking the first net outflow after five days of net inflows. Morgan Stanley ETF (MSBT) saw a net inflow of $7.3461 million, and Grayscale Mini Trust BTC saw a net inflow of $5.6709 million; Fidelity ETF (FBTC) saw a net outflow of $129 million. The total net asset value of Bitcoin spot ETFs is $106.766 billion, with a net asset value ratio of 6.67%, and a historical cumulative net inflow of $59.486 billion.
Grapefruit Trading pledged 33,400 ETH to Eth2.0, equivalent to approximately $76.13 million.
On May 7th, Ethereum spot ETFs saw a total net outflow of $104 million, with none of the ten ETFs experiencing net inflows. Fidelity FETH saw a net outflow of $62.2625 million, and BlackRock ETHA saw a net outflow of $26.3107 million. The total net asset value of Ethereum spot ETFs is $13.595 billion, with a net asset value ratio of 4.94%, and a historical cumulative net inflow of $12.083 billion.
Metalpha's associated wallet deposited 8,771 ETH (approximately $19.99 million) into Binance.
Metalpha's associated wallet deposited 27,000 ETH into Binance, worth approximately $62.78 million.
Hyperliquid Strategies reported a net loss of $165 million for the nine months ended March 31.
Nasdaq-listed HYPE treasury company Hyperliquid Strategies reported a net loss of $165.4 million for the nine months ended March 31, primarily due to unrealized net losses on treasury holdings and purchase costs. The company has invested $216 million to purchase approximately 7.3 million HYPE tokens, bringing its total holdings to approximately 20 million tokens. During the quarter, HYPE staking income was $2.6 million, interest income was $1 million, and operating expenses were $7.2 million.
