News linked to this event type.
Lido has provided the latest update on the Kelp security incident, stating that the Snapshot vote regarding the EarnETH first-loss protection mechanism falling below the 1% threshold has reached quorum and been approved. User losses from EarnETH will be fully covered by Lido Earn’s first-loss mechanism. The rsETH held by the attacker has been liquidated, and the related stETH has been transferred to the DeFi United rescue plan.Additionally, the EarnETH vault is expected to reopen shortly after the Kelp protocol resumes operation, at which point users will be able to deposit and withdraw funds normally. Lido emphasized that during the freeze period, both the EarnETH and EarnUSD vaults continued to generate yield. Currently, EarnETH users only need to wait for a brief unfreezing process to complete. Once funds are restored, compensation will be provided in accordance with the first-loss protection mechanism.
: Stripe officially announced a partnership with Amazon Web Services (AWS) to provide AI Agent payment capabilities for Amazon Bedrock AgentCore. AWS launched the AgentCore Payments feature on the same day, allowing AI Agents to instantly access and pay for web content, APIs, MCP servers, and other AI Agent service fees. Among them, Privy (a Stripe-owned company) will collaborate with Coinbase to provide wallet infrastructure and payment channels, supporting the initial stablecoin payment capabilities for AgentCore.
Mysten Labs co-founder Adeniyi Abiodun stated at Consensus 2026 that the Sui network has processed over $1 trillion in stablecoin transaction volume since August last year, and plans to launch zero-fee stablecoin transfers and privacy payment features.Abiodun stated that Sui aims to become the "default network for the future flow of funds," noting that current traditional cross-border payment systems charge excessively high fees. For example, transferring $100 to Nigeria could incur a $35 fee. Future financial systems should not be as fully public as social media, and users require stronger privacy protection capabilities. Sui is developing a storage layer that supports encrypted transaction intents to accommodate AI Agent-driven automated payments as well as future refund and fraud handling mechanisms. Additionally, Sui is currently testing quantum-resistant signature technology on its testnet, aiming to complete deployment before the EU's quantum security requirements take effect in 2030. Abiodun also expressed willingness to coordinate with the Bitcoin ecosystem and open-source the relevant research.However, Sui has recently faced technical stability challenges, with its mainnet experiencing several hours of downtime in January 2026. The current price of SUI is approximately $0.99, down about 81% from its all-time high of $5.35 set in January 2025. (The Block)
According to an official announcement, Binance Alpha will list ShareX (SHARE) on May 8. Eligible users can claim the airdrop using Alpha Points on the Alpha Events page after trading begins.
Nasdaq-listed company Treasure Global announced plans to gradually deploy $100 million in capital to establish a digital asset treasury reserve with ETH at its core, with plans to expand the treasury to include additional digital assets in the future. The company stated that its digital asset treasury framework will serve as a long-term capital allocation tool, providing strategic exposure to the development of digital financial infrastructure without altering its core business operations. (Globenewswire)
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.
from Consensus Miami that executives from multiple Bitcoin treasury companies stated that "digital credit" collateralized by Bitcoin is rapidly expanding, with a long-term potential market size potentially reaching $3 trillion. Digital credit is a yield-generating financial instrument backed by Bitcoin, typically structured as perpetual preferred shares, allowing investors to earn returns while reducing the risk of BTC price volatility. This model was first initiated and promoted by Strategy, followed by companies like Strive entering the space.Analysts estimate that the sector has already grown to approximately $10 billion in less than a year, calling it "the second fastest-growing product in the history of capital markets." The global credit market is roughly $300 trillion, and even if only 1% is penetrated by BTC credit products, it could generate around $3 trillion in demand — "a target that is not unrealistic." Currently, the number of Bitcoin treasury companies remains far below that of the traditional banking system. If BTC becomes a foundational global monetary asset, it could catalyze even larger-scale digital credit and financial system restructuring opportunities. (CoinDesk)
According to Odaily, crypto market analyst and founder of Into The Cryptoverse, Ben Cowen, stated that the crypto market is experiencing an "extinction event" for millions of altcoins, a process necessary for Bitcoin to enter a sustainable bull market cycle. He believes that the "shitcoin purge" has actually been underway since 2021, but a larger-scale clearance is still needed to restore a healthy market structure. Capital is continuously flowing from high-risk tokens to Bitcoin, with the rising BTC dominance rate serving as a clear signal.Data shows that GeckoTerminal tracks over 25 million deployed tokens, with more than 11.6 million projects failing in 2025 alone, primarily due to the burst of the Meme coin bubble. CoinShares researcher Luke Nolan stated that the claim "95% of tokens are worthless" is reasonable.Although Bitcoin has returned above $81,000, Ben Cowen remains cautious, believing that BTC is still in a bear market phase. He warns that if it fails to hold the key resistance level around $88,880, the price could correct to the $58,000-$62,000 range. Against the backdrop of delayed Fed rate cuts and ongoing geopolitical risks, the crypto market continues to face short-term pressure. "2026 is more likely to be a reset year rather than a year for reaching new highs." (CoinDesk)
Odaily News: Garrett Jin, representative of the "BTC OG Insider Whale," published an analytical article titled "A Painted Ceasefire," warning crypto traders not to be lulled by the surface-level market trends. While the market appears stable, underlying risks are continuously building. He pointed out that following Trump’s visit to China, the window for a US-Iran military conflict could reopen at any time. This current ceasefire is merely a delay in confrontation, not the beginning of favorable developments. Market sentiment is currently highly optimistic, with Saudi Arabia and Iran reaching a cooperation memorandum, impressive earnings reports from tech companies, rising South Korean stocks, and Bitcoin approaching the $82,000-$83,000 range. However, macro-level hidden dangers are gradually emerging: a liquidity drought in large corporate transactions, airline bankruptcies, banks provisioning for potential war losses in advance, and Berkshire Hathaway’s cash reserves hitting a new all-time high. Garrett Jin predicts that late May could be a key turning point. If tech giants continue to exceed performance expectations, the risk window may be delayed until the July earnings season. (Garrettsignal)
Odaily Odaily Tether AI Research Group has released a new generation of medical AI model QVAC MedPsy, which is designed to run locally on low-power hardware such as smartphones and wearable devices, without relying on cloud servers. Simultaneously, it outperforms several larger state-of-the-art (SOTA) models across multiple medical benchmarks.Official data shows that the 1.7 billion parameter version of QVAC MedPsy achieved an average score of 62.62 on seven closed-set medical benchmarks, surpassing Google's MedGemma-1.5-4B-it by 11.42 points, despite having fewer than half the parameters. In real-world clinical tests like HealthBench Hard, this model even outperformed MedGemma 27B, which has nearly 16 times more parameters.Furthermore, the 4 billion parameter version achieved an average score of 70.54, surpassing several large models nearly 7 times its size in multiple medical reasoning evaluations. Tether stated that the model achieves "small model, high performance" through post-training medical reasoning optimization, reinforcement learning, and training on high-quality medical data.Compared to traditional cloud-based AI architectures, QVAC MedPsy also significantly reduces inference costs. Its 4 billion parameter version generates approximately 909 tokens on average, far fewer than the 2953 tokens of comparable systems, enabling lower latency and lower computational costs. The model also offers a GGUF quantized version suitable for local deployment on mobile and edge devices.Paolo Ardoino stated that the core goal of this model is to improve model efficiency, rather than simply increasing parameter scale, enabling medical AI to run directly on hospital local systems or terminal devices, thus avoiding uploading sensitive medical data to the cloud.
Bitget has officially launched its global community campaign, “Fan Story.” From now until May 20, users can share their authentic experiences using Bitget—and their holistic UEX trading journey—via图文 or video posts on platforms including X, Telegram, Reddit, LinkedIn, or Discord. Submissions must include the hashtag #BitgetFanStory and be submitted through the official form. Participants may use AI tools to assist with image generation or video editing, provided the content is based on real-life experiences. This campaign aims to showcase users’ growth journeys on Bitget, highlighting diverse groups such as early adopters, long-term traders, and community contributors. The prize pool features a dynamic growth mechanism: it expands every time 500 new participants join, with a maximum cap of 100,000 USDT. All winners will also receive exclusive merchandise from the Bitget Fan Club.
According to an official announcement, Coinbase will launch KAIO (KAIO) perpetual contract trading today. The KAIO-PERP market will open immediately if liquidity conditions are met and the trading region supports such trading.
Virtuals Protocol officially announced that the Titan Launch airdrop for OpenGradient is now live. Eligible users can claim their $OPG airdrop directly via their Virtuals profile. A total of 500,000 $OPG tokens are being distributed to reward participants in the Virtuals ecosystem. The distribution targets two categories of addresses within the two-week window following the TGE: veVIRTUAL holders with net $OPG purchases, and users with net $OPG purchases. Virtuals Protocol stated that, on average, veVIRTUAL holders receive approximately six times more airdrop tokens per wallet than net purchasers.
Anthropic's Claude has announced a partnership agreement with SpaceX to significantly increase its computing capacity and raise usage limits for Claude Code and Claude API. This includes doubling the 5-hour rate limit for Claude Code in Pro, Max, and Team subscription plans; removing Claude Code rate limits during peak hours for Pro and Max plans; and substantially increasing the Opus model API rate limit. Claude will also utilize the full computing resources of the SpaceX Colossus 1 data center, with plans to add over 300 megawatts of deployment capacity within a month.
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.”