Blockchain Industry Updates & Privacy News
On May 7th, the three major US stock indices opened slightly higher. The AI application software sector led the gains, with Datadog soaring over 30%, while Snowflake and MongoDB also posted significant increases. Whirlpool bucked the trend, plunging more than 15%.
Read MoreSenator Elizabeth Warren has demanded transparency from Meta regarding its cryptocurrency payment plans, citing potential risks to financial stability and competition. Meta responded that it is only testing third-party stablecoin payments, not issuing its own.
Read MoreOn-chain data reveals a major Ethereum address transferred 14,062 ETH (worth ~$32.8M) to Binance on May 7. The funds were recently redeemed from a liquid staking protocol, fueling speculation of an impending sell-off and raising concerns about near-term market pressure.
Read MoreBitcoin has surged past the key $81,000 resistance level, trading around $81,014. The market experienced a notable pullback of approximately 1.35% over 24 hours, with heightened volatility. Investors are advised to exercise caution and implement robust risk management strategies.
Read MoreBitwise Asset Management will assume investment management duties for the Crypto Carry Fund, with over $267M in assets. The fund targets qualified investors and will be renamed, while on-chain infrastructure remains unchanged, signaling Bitwise's entry into tokenized funds.
Read MoreKey evening updates on May 7th highlight China's ongoing gold accumulation, major tech financing and acquisitions, and significant geopolitical developments concerning critical oil trade lanes, potentially reshaping global market dynamics.
Read MoreOn May 7, WTI crude oil futures broke below the key $90 per barrel level, trading at $89.932 with a sharp intraday drop of 5.41%. This plunge highlights growing concerns over energy demand and could trigger wider market volatility.
Read MoreOn May 7, the US 10-year Treasury yield fell 2.2 basis points to 4.332% following key economic data releases. Market expectations for Federal Reserve policy shifted, boosting demand for long-term bonds.
Read MoreRenowned on-chain investigator ZachXBT offers a $10,000 bounty for evidence of alleged market manipulation involving the LAB project on major exchanges, seeking insider documents and identity clues to hold bad actors accountable.
Read MoreInitial jobless claims in the US fell to 200,000 last week, slightly below forecasts of 205,000. While up from the prior week's revised figure, the data continues to indicate a resilient and tight labor market.
Read MoreKraken has acquired a major Asian stablecoin infrastructure company for approximately $600 million. This strategic acquisition aims to bolster Kraken's capabilities in stablecoin technology and payment solutions, marking a significant expansion move in the competitive digital asset landscape.
Read MorePrediction market platform Kalshi raised $1 billion in funding led by Coatue Management, valuing the company at $22 billion. With 2 million monthly active users and annualized trading volume hitting $178 billion, rapid growth is evident. However, the sector faces increasing regulatory challenges and debates over potential insider trading alongside massive capital inflow.
Read MoreA Nasdaq-listed firm revealed a strategic $100 million allocation to establish a digital asset treasury, with Ethereum as its cornerstone. This long-term capital deployment aims to gain exposure to digital finance infrastructure without impacting core business operations.
Read MoreAnthropic's implied valuation in on-chain pre-IPO markets has surged past $1.2 trillion, surpassing OpenAI's valuation by approximately 20% for the first time. This positions it to become the world's 11th largest public company by market cap, signaling a major shift in the AI competitive landscape.
Read MoreThe U.S. Justice Department and CFTC are investigating at least four crude oil short trades totaling over $2.6 billion. The probe focuses on their suspicious timing around key Iran war announcements, raising concerns about potential insider trading based on non-public government information.
Read More