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U.S. stocks closed higher on Wednesday, with technology shares strengthening, Dell surging, and oil prices stabilizing. U.S. Treasury yields approached 5%, and global stock markets may face a 5%-8% correction. Trump said the strikes on Iran would end soon and that the Strait of Hormuz would be renamed the Trump Strait. The former British prime minister warned that failure to control debt would force emergency spending cuts. The Beige Book said the U.S. economy grew moderately, with AI and data centers serving as key supports. Tron’s USDT supply surpassed Ethereum’s for the first time. Broadcom’s Q3 results exceeded expectations, and its AI revenue guidance was raised. Robinhood Chain generated $3.75 million in daily fees, exceeding the combined total of Solana, ETH, and Base.

ME News, September 29 (UTC+8) — Prediction market data shows that in the “What price will Bitcoin reach in September?” event, the implied probability of the “Yes” option for “Will Bitcoin fall to $82,500 in September?” rose from 37.5% to 69.5%, an increase of 32.0 percentage points in one day.

At Consensus 2026, Raoul Pal said humanity will welcome smarter AGI as AI’s growth continues to accelerate. By 2028, AI will produce more text than the total amount generated by humans throughout history, achieving this within five years. After replacing human labor, the solution will be universal basic equity, enabling ordinary people to own underlying networks through crypto infrastructure tokens so that the Agent economy and humans can benefit together. Institutional adoption will also allow people around the world to buy BTC/ETH/SOL. If he had to choose one, he would pick Solana, and within five years, the user ratio of Agents to humans in DeFi will be 3:2.

ME News, May 7: Bitcoin briefly approached $83,000 before retreating, while funding rates on major CEXs/DEXs remained bearish. BlockBeats noted that funding rates are used to align perpetual contracts with the price of the underlying asset and represent fund transfers between long and short traders; platforms do not charge them. The baseline funding rate is 0.01%; a rate above the baseline indicates bullish sentiment, while a rate below 0.005% indicates bearish sentiment.

ME News, May 7 (UTC+8) — PhotonPay, the next-generation financial operating system, won three honors at the Mastercard Annual Partner Awards Dinner: New Product Launch Award (Physical Card), New Service Launch Award (MDES Digital Enablement), and New Service Launch Award (Consulting Services). This marks PhotonPay’s role as a next-generation financial operating system in comprehensively reshaping the financial infrastructure landscape for global businesses.
PhotonPay’s physical cards are issued on the Mastercard network and support real-time spending tracking worldwide, multi-level spending limit controls, and 3D Secure authentication, while significantly reducing cross-border transaction fees. Flexible open APIs meet businesses’ customized needs.
MDES digital enablement reflects the digital enablement between PhotonPay and Mastercard.

Boosted by higher energy prices and inflation concerns amid the U.S.-Iran standoff, Asian bond markets may follow U.S. Treasuries lower. New Zealand government bonds opened lower, while Australian government bond futures may decline. The 10-year U.S. Treasury yield rose to 5.27% and the 30-year yield to 5.55%, reaching nearly 19-year highs, as markets focus on the outlook for interest rates and energy prices.

Macquarie global FX and rates strategist Terry Wizman said that the United States has gained greater economic and political leverage in its standoff with Iran by blocking the Strait of Hormuz, increasing oil production, and threatening an export ban; if the U.S.-Iran impasse is not resolved in the coming days, it may be resolved in the second quarter or early third quarter. The United States’ relative isolation puts it in a favorable position in behind-the-scenes negotiations.

At Consensus 2026, Cloudflare said it sees approximately 1 billion HTTP 402 responses per day, reflecting the scale of demand for paid access by AI agents. Together with Visa and Experian, it launched the Agent Trust framework, which verifies transaction legitimacy by binding users to agents and issuing trust tokens instantly. It also said that more than half of internet traffic is non-human and that, if content payment models take hold, they will usher in a golden age for content.

ME News reported on May 7 (UTC+8) that Phong Le, CEO of Strategy (stock ticker: $MSTR), recently said that he believes Bitcoin will become a global digital reserve asset over the next decade and that its importance will be equal to that of the U.S. dollar. Phong

On May 7, at the Consensus 2026 conference in Miami, Steven Horsford expressed support for including crypto assets in retirement accounts, but said legislation should not be rushed and that the relevant provisions could be advanced later in a separate standalone bill. He also introduced the PARITY Act, which he co-sponsored with Max Miller, focusing on clarifying the income and capital gains tax treatment of scenarios such as digital asset sales, staking rewards, and lending, addressing gaps in outdated tax law through legislation.

At Consensus 2026, Raoul Pal said that humanity will usher in more intelligent AGI, while AI’s rate of growth continues to accelerate. By 2028, AI’s text output will exceed the total amount produced throughout human history, achieving this within five years. After replacing human labor, the solution is universal basic equity: using crypto infrastructure tokens to give ordinary people ownership of underlying networks, so the Agent economy and humans can benefit together. Institutional adoption will also enable people around the world to buy BTC/ETH/SOL. If he had to choose one, he would choose Solana, and within five years, the ratio of Agents to humans among DeFi users will be 3:2.

ME News, May 7: Bitcoin pulled back after briefly approaching $83,000, while funding rates on major CEXs/DEXs remained bearish. BlockBeats noted that funding rates are used to align perpetual futures with the price of the underlying asset and represent fund transfers between long and short traders; the platform does not charge a fee. The benchmark funding rate is 0.01%; a rate above the benchmark indicates bullish sentiment, while a rate below 0.005% indicates bearish sentiment.

ME News reported that on May 7 (UTC+8), Duan Yongping posted on social media that he had exchanged his entire position in coal stock China Shenhua for toymaker Pop Mart (09992.HK). He also joked, “China Shenhua is a very good company, and our investment also delivered very good returns. We thank you for that. We may come back again in the future.” (Source: ODAILY)

ME News, May 7 (UTC+8) — PhotonPay, the next-generation financial operating system, won three honors at Mastercard’s Annual Partner Awards Dinner: New Product Launch Award (Physical Card), New Service Launch Award (MDES Digital Enablement), and New Service Launch Award (Consulting Services). This marks PhotonPay’s role as the next-generation financial operating system in comprehensively reshaping the financial infrastructure landscape for global enterprises.
PhotonPay’s physical cards are issued on the Mastercard network and support real-time spending tracking worldwide, multi-level spending limit controls, and 3D Secure authentication, while significantly reducing cross-border transaction fees. Flexible open APIs meet enterprises’ personalized customization needs. MDES Digital Enablement reflects PhotonPay’s collaboration with Mastercard in digital enablement.

Self-styled “Crypto King” Aiden Pleterski will stand trial on October 5 in the Ontario Superior Court of Justice on charges including raising funds in 2021–2022 through false promises of high weekly profits, fraud, and money laundering. The case involves approximately $30 million; if convicted only of fraud, he faces a maximum sentence of 14 years.

ME News, September 29 (UTC+8) — Prediction market data shows that in the “Rams vs. Broncos: Safety” prediction under the “Rams vs. Broncos” event, the probability of support for “Yes” fell from 47.5% to 9.5%, a single-day drop of 38.0 percentage points.

ME News, May 7: Hyperinsight said that Trade xyz’s traditional asset-mapped contracts on Hyperliquid through HIP-3 saw daily trading volume rise 30.4% month-over-month to $3.3 billion, while open interest increased 4.78% to $2.21 billion. Open interest in WTI/Brent fell 59% week-over-week to $539 million. A rise in U.S. stocks drove up total open interest, making the S&P 500 contract the fourth-largest asset on Hyperliquid.

ME News reported that ether.fi, Ethereum’s leading restaking protocol, has announced its exit from the core restaking business and is shifting to a crypto “new bank” model due to diminishing returns and rising risks. On September 8, restaking TVL was approximately $10.2 billion, with fees of about $10,000 over the past week; liquid restaking TVL was approximately $51.87 billion, with fees of about $27.35 million. In Q2 2026, the five major protocols collectively generated gross profits of approximately $953,000, lower than in the previous two quarters. ether.fi’s CEO said that restaking lacks meaningful returns and carries relatively high risks, prompting the exit.

ME News, September 29 (UTC+8) — Prediction market data shows that for the “Rams vs. Broncos: Both teams score in the second quarter” option, the probability of the “Yes” option falling from 49.0% to 9.5%, a single-day decrease of 39.5 percentage points.

The Bank of New York, one of the world’s largest custodial banks, is collaborating with Finstreet and ADI Foundation in the UAE to establish regulated digital asset infrastructure in ADGM. The initiative will initially focus on BTC/ETH, with plans to expand into stablecoins and tokenized assets, aiming to bring blockchain technology into mainstream finance.