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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)
On-chain investigator ZachXBT stated that LAB’s founders engaged in CEX market manipulation while issuing “philosophical” statements—actions that harmed retail investors. ZachXBT noted he had attempted to contact them privately, but received no response. He added that such “scammer” behavior is further eroding the crypto industry’s already dwindling public trust.
: According to official sources, OKX Onchain OS has launched the Agentic Wallet Trading Competition, which officially started on May 7 at 18:00 (GMT+8) and will run for 14 days. The event is simultaneously held on both Solana and X Layer chains. Users can complete registration, trading, and prize collection by conversing with the AI Agent within the Agentic Wallet. The competition features multiple awards, including a Yield Rate Leaderboard, Profit Amount Leaderboard, Participation Prize, and Skill Quality Award, with a total prize pool of 50,000 USDC.It is reported that OKX Onchain OS is an on-chain infrastructure suite open to developers and AI Agents. Integrated with the Agentic Wallet, it covers a wide range of on-chain operation scenarios.
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.
ZachXBT posted on X platform, stating that the LAB founder spouts philosophical nonsense while engaging in CEX market manipulation that harms retail investors. He previously attempted to contact them privately, but the messages were read and ignored. Scammers further undermine the remaining credibility of the industry.
According to The Block, Pantera Capital stated that the $321 billion tokenized market—though covering 542 rated assets—has an average on-chain maturity rating of just 2 out of 5, and 77.6% of assets remain at the “wrapper” stage. Pantera noted that in 2025, a total of 168 new tokenized assets launched, representing a 115% increase over the 78 launched in 2024; meanwhile, the tracked market’s total value grew approximately 60%, rising from $200.6 billion. The firm described the current trend as “broader, not deeper.”
According to official announcements, PlaysOut (PLAY) has been listed on Binance Alpha. Users holding at least 245 Binance Alpha points can claim a PLAY airdrop of 360 tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the point threshold will automatically decrease by 5 points every 5 minutes. Claiming the airdrop consumes 15 Binance Alpha points, and users must confirm their claim on the Alpha Events page within 24 hours; otherwise, the claim will be forfeited.
According to an official announcement, Alchemy Pay stated that the Alchemy Chain mainnet has officially launched. Positioned as a payment-centric Layer 1 blockchain, the network targets real-world stablecoin transactions and claims to be the world’s first global stablecoin payment network compliant with both EU and Hong Kong regulatory frameworks. Alchemy Pay says Alchemy Chain offers predictable fees, fast settlement, and scalability, and is powered by the ACH token.
Odaily Odaily BitMart's "BM Discovery" zone has launched sato (SATO) at 18:00 on May 7 (UTC+8), with the SATO/USDT trading pair now available.sato is an ERC-20 asset on Ethereum, minted and repurchased via Uniswap v4 Hook. It is issued using an index bonding curve, with no pre-sale, migration, or operator intervention.
According to The Block, BNY announced the expansion of its crypto custody business into the Abu Dhabi Global Market (ADGM) in the UAE through partnerships with Finstreet and the ADI Foundation, offering institutional clients crypto-asset custody services. Initially, the service will support custody for BTC and ETH. The three parties will subsequently explore extending these services to the ADI Foundation’s underlying blockchain infrastructure and gradually expand to stablecoins, tokenized real-world assets, and other regulated digital instruments.
StepStone Group announced its integration with LSEG’s Digital Market Infrastructure (DMI) platform and the launch of its evergreen strategies—covering private equity, private debt, and infrastructure—on the platform. DMI is embedded within LSEG Workspace and leverages distributed ledger technology to support private fund distribution, optimizing private market access for professional investors. This collaboration builds on the parties’ existing relationship, which includes the joint launch in October 2025 of the FTSE StepStone Global Private Markets Index.
According to the HTX (formerly Huobi) announcement, HTX has enabled deposits for TWT and BILL tokens as of May 7 at 16:00 (GMT+8). Spot trading and grid trading for TWT/USDT and BILL/USDT will go live on May 7 at 18:00 and 19:00 (GMT+8), respectively. Withdrawals for TWT and BILL will be available on May 8 at 18:00 and 19:00 (GMT+8), respectively. Trust Wallet is a popular cryptocurrency hot wallet that allows users to retain full control over their funds. Its core feature is an integrated DApp browser offering a curated selection of decentralized applications, enabling direct staking and token trading. Billions Network is a universal “human-and-AI” collaboration network. It enables anyone to prove, in seconds, that they are a real and unique individual on-chain—without revealing any underlying personal data—providing humanity with a way to rebuild trust in every digital interaction and securely leverage AI agents.
According to an official announcement by HashKey, HashKey Exchange—a licensed virtual asset exchange operated by Hong Kong-listed HashKey Holdings Limited (3887.HK)—has launched a time-limited RLUSD deposit reward program and RLUSD withdrawal fee discount following the official listing of Ripple USD (RLUSD) on its platform on February 13, 2026. This promotion is available for a limited time only and is exclusively open to eligible professional investors. **Promotion 1: RLUSD Deposit Reward Program** From now until May 22, 2026, customers who deposit RLUSD into their HashKey Exchange accounts—meeting or exceeding the minimum amount required for their chosen tier—and maintain the corresponding RLUSD account balance through June 23, 2026, will receive the applicable reward. Rewards are capped at up to 25,000 RLUSD and are allocated on a first-come, first-served basis. **Promotion 2: RLUSD Withdrawal Fee Discount** Withdrawals of RLUSD via the Ethereum (ERC-20) network completed before May 30, 2026, will incur zero withdrawal fees. For full details—including eligibility criteria, reward tiers, balance maintenance requirements, reward quota limits, scope of fee discounts, and other applicable terms and conditions—please refer to the official HashKey Exchange campaign page.
Bybit’s U.S. stock perpetual contracts continue to expand, adding three new popular underlying assets today—Micron Technology (MU), iShares MSCI South Korea ETF (EWY), and iShares MSCI Japan ETF (EWJ)—offering users more diversified exposure to global equity assets. All three contracts support long and short trading with USDT margin and operate 24/7.
Bitget has launched a new edition of CandyBomb with a total prize pool of 600,000 KAIO tokens. New users can earn up to 6,000 KAIO each by completing tasks such as net deposits and futures trading. Detailed rules have been published on the official Bitget platform. Eligible users must click the “Join Now” button to register in order to participate. The campaign ends on May 13 at 21:00 (UTC+8).
Recently, HTX announced the strategic upgrade of its brand IP, Huobao. This upgrade breaks the conventional definition of mascots, marking Huobao’s official evolution from a “visual identity” to an “emotional totem”—a heartfelt connection for global users and HTX’s digital avatar—continuously fostering deep resonance and value transmission between the brand and its community. Huobao’s comprehensive evolution also reflects HTX’s commitment to strengthening and upgrading user services. Beyond the rational world of crypto, HTX strives to offer global users warmer companionship and an ultra-refined service experience. Additionally, Huobao HTX (@HTX_huobao) has launched several reward campaigns on X, giving users the chance to win all-expenses-paid trips—including flights and hotel stays—to the Huobao Birthday Fantasy Carnival. On the day of the birthday celebration, even more generous perks await unlocking.
Odaily, World Liberty Financial co-founder Zach Witkoff appeared on Fox Business to discuss the company's latest breakthroughs in AI and decentralized finance. Witkoff pointed out that WorldClaw is a key piece of the puzzle in realizing the Agent economy vision. WorldRouter, as an AI model aggregation platform, supports access to over 300 mainstream AI models—including GPT-5.5, Claude Opus 4.7, and Gemini 3.1 Pro—via a single account, with pricing 30% lower than official channels. WorldClaw AgentOS integrates the native stablecoin USD1 for instant and transparent settlement. Users can stake WLFI tokens to obtain AI credit packages and unlock whitelist eligibility. The project has the backing of the Trump family, aiming to establish the United States as the global hub for crypto and AI.
According to the official announcement, HTX has launched perpetual contracts for AMD/USDT, USAR/USDT, BILL/USDT, and IO/USDT on May 7. The maximum leverage for AMD/USDT and USAR/USDT is 10x, while the maximum leverage for BILL/USDT and IO/USDT is 20x.
According to BitcoinTreasuries.NET, AmericanBitcoin Corp—a Bitcoin mining company backed by the Trump family—has acquired an additional 300 BTC, bringing its total holdings to 7,300 BTC, ranking it 16th on the Bitcoin holdings leaderboard.
according to official sources, MGBX will list the BILLUSDT perpetual contract trading pair on May 7, 2026, at 18:00 (SGT).Trading Start Time: May 7, 2026, at 18:00 (SGT)Leverage: Up to 25x supported.