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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.

Patrick Witt, Executive Director of the White House Digital Asset Advisory Council, said the White House is pushing for the Digital Asset Market Clarity Act to pass Congress before July 4. The Senate Banking Committee will advance consideration this month, with a four-week work period in June to move the bill to a full Senate vote. The dispute over stablecoin yield provisions has been largely resolved: the proposal would prohibit returns resembling interest on bank deposits while allowing rewards related to consumer spending. The administration is also negotiating conflict-of-interest provisions that would apply to all government officials.

ME News, May 7 (UTC+8) — Prediction market data shows that, for the question “Will Bayern Munich win the 2025--26 UEFA Champions League title?”, the trading probability of “Yes” plunged from 30.5% to 0.1%, a single-day decline of 30.4 percentage points.

AIMPACT message, May 7 (UTC+8), May 7, 2026, Artificial Analysis announced a partnership with legal AI company Harvey to launch a new Legal Agent Benchmark (LAB). The benchmark includes 1,200 agent tasks covering 24 legal practice areas and is designed to evaluate how AI contributes to legal work in 2026. At present, only the partnership announcement and the benchmark’s basic structure have been disclosed; no specific evaluation results, model performance, or methodological details have been provided. (Source: InFoQ)

VanEck Head of Digital Asset Research Matthew Sigel said that Bitcoin could reach $1 million within the next five years, following a video-game-like adoption path from niche to mainstream. He is particularly bullish on continued allocation increases by younger investors. Compared with the current price of approximately $80,000, this forecast is highly aggressive, and market optimism largely comes from institutions with related holdings. Source: ChainCatcher.

Cardone Capital founder Grant Cardone said that commercial real estate has fallen below replacement cost amid high interest rates, creating an opportunity to store wealth through Bitcoin. While holding 25,000 apartments, he plans to increase his Bitcoin holdings to 25,000 coins, using property cash flow to grow them from 3,000 to 25,000. He said real estate is Bitcoin’s Trojan horse, and that traditional REITs cannot hold Bitcoin, creating a barrier. He also mentioned Michael Saylor’s views, the $335 million Boca Raton deal, and the issue of going public.

Chicago Fed President Goolsbee said the war against Iran increasingly looks like an inflationary shock to the economy. Its impact on employment and economic growth has not yet emerged, but concerns over supply chain disruptions and persistently rising prices are intensifying. He stressed that this is not stagflation, but an ongoing inflationary shock, and that the longer it persists, the more uneasy he becomes.

XRP Ledger released xrpld 3.4.1, fixing issues with batch functionality and improving stability. Validators and node operators are advised to upgrade as soon as possible. Developers said the issue did not affect the mainnet and did not result in any loss of funds. The new version introduces the fixBatchV1_2 amendment, which is approved by default and currently has a consensus rate of 94.29%. The amendment and batch functionality have entered the activation period, and some validators previously changed their votes from approval to opposition to reset the timer.

ME News, May 7 (UTC+8) — According to U.S. sources, a Pakistani source said on May 6 that the United States and Iran were nearing an understanding aimed at ending the war. On the same day, two U.S. officials and two other people familiar with the matter revealed that the Trump administration believed it was close to reaching a one-page memorandum of understanding with Iran. The memorandum is intended to end the war and establish a framework for more detailed negotiations on the nuclear issue. (Source: ODAILY)

According to The Wall Street Journal, an internal U.S. State Department memo warned diplomats not to use classified information to place bets on prediction markets, calling it a serious violation that would not be tolerated. A U.S. military special operations soldier profited more than $400,000 by using classified information to place bets on Polymarket, highlighting the potential risks online prediction markets pose to national security. Previously, Polymarket also saw several large bets placed around the time Trump announced a ceasefire with Iran.

AIMPACT News, May 7 (UTC+8) — Superhuman announced an upgrade to its “Superhuman Go” feature, deploying four new specialized AI agents directly into workflows. These new agents natively integrate with Canva (for design tasks), MeetGranola (for retrieving meeting records and summaries), and HeyGen (for generating AI videos). The article did not disclose further information, such as the agents’ specific technical details, performance metrics, or release date. (Source: InFoQ)

AIMPACT News, May 7 (UTC+8) — Google announced that starting May 7, 2026, AI Pro and Ultra subscribers in more countries worldwide can enable the Personal Intelligence feature in AI Mode. This feature allows users to connect Gmail and Google

ME News reported on September 26 that Benson Sun expects Bitcoin to rise in a slow bull market and gradually reach new highs, making a rapid short-term peak unlikely. Institutions have dominated buying since 2021, while the share of spot and corporate funds has increased, so traditional indicators are not necessarily at extreme levels. The yellow-line divergence is used to assess the progression; if it appears, reduce altcoin positions and leverage, and later increase BTC holdings while retaining only spot positions. If a red divergence appears (ILI below 50 while making a new high), stop participating.

ME News, May 7 (UTC+8) — On May 7 local time, Iran’s Ports and Maritime Organization issued an official notice to the captains of commercial vessels in the Strait of Hormuz and surrounding waters, announcing that Iranian ports were fully prepared to provide general maritime services, technical support, and health and medical services to vessels. The Iran Ports and Maritime Organization emphasized that this move is part of Iran’s fulfillment of its sovereign responsibilities in maritime security and port and maritime services, demonstrating the determination of Iranian ports to fully support the safe and sustainable navigation of commercial vessels in the Strait of Hormuz. (Source: ODAILY)

AIMPACT reports that Arden has launched an AI-native platform for audit and SOX compliance, addressing the inefficiencies of relying on spreadsheets and screenshots. The platform connects control libraries, source systems, and historical audit data, uses AI agents to automatically gather evidence from legacy systems, and follows up with control owners through Slack/Teams. It supports both full-population and sampling-based testing, automatically captures anomalies, and generates traceable audit workpapers. SOX compliance costs approximately $2 million per year, with more than 70% attributed to labor costs. The team consists of Aryaman and David, who have been friends for six years and previously researched LLM reliability together (Source: InfoQ).

The U.S. Pentagon awarded Meta-backed Scale AI a $500 million contract for data processing and decision support, demonstrating the military’s growing reliance on artificial intelligence. The amount is five times its $100 million contract. Scale AI’s head of public sector said the original contract had been “pushed to the limit,” and that the new contract reflects an urgent need. In addition, the company is participating in the DIU’s “Thunderforge” program and “Golden Dome” homeland defense architecture.

ME News, May 7 (UTC+8) — Eric Trump pointed out that 18 months ago, JPMorgan held a negative view of Bitcoin, calling it a joke asset. Now, the company has begun issuing home loans collateralized by Bitcoin holdings. This transformation occurred within 18 months. (Source: MLion)

ME News reported on May 7 (UTC+8) that the U.S. Pentagon awarded a $500 million contract to Scale AI, a company backed by Meta Platforms, to help process data and support decision-making. This is the latest move by the U.S. military to further rely on artificial intelligence. The agreement is five times the value of the $100 million contract the company received in September 2025. Dan Tadross, head of Scale AI’s public sector business, said in an interview that the Pentagon had “pushed the original contract to its limits.” Tadross

Circle announced that CFO Jeremy Fox-Geen will remain in his position through 2026-12-31 to complete the transition, and has engaged an executive search firm to seek his successor externally. Since joining in 2021, he led the completion of a $1.2 billion IPO. His separation agreement includes 12 months of severance pay totaling $1.05 million, accelerated vesting of equity, an annual salary of $500,000, and a 2026 incentive cap of 110%. Allaire praised his contributions during periods of volatility and rapid growth, adding that governance will remain unchanged during the transition. The share price fell approximately 2.6% after hours.

Matthew Sigel, head of digital asset research at VanEck, said Bitcoin could reach $1 million over the next five years, following a video game-like adoption path from niche to mainstream. He is particularly bullish on young investors continuing to increase their allocations. Compared with the current price of approximately $80,000, this forecast is relatively aggressive, and much of the market optimism comes from institutions with Bitcoin holdings. Source: ChainCatcher.

ME News reports that hedge fund manager Steve Eisman, who rose to fame by betting against the 2008 financial crisis, has long been a prominent Wall Street critic of the AI market frenzy and remains cautious about AI-driven market valuations and investment enthusiasm. Although some investors question whether the AI boom can support current high valuations, Eisman still does not believe shorting AI represents a sufficiently clear investment opportunity.