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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, May 7 (UTC+8) — The American Federation of Teachers, one of the largest public-sector unions in the United States, urged regulators to closely scrutinize SpaceX’s IPO, calling its valuation “inconsistent with financial logic.” The union sent a letter to the U.S. Securities and Exchange Commission (SEC), expressing concerns about SpaceX leadership’s practices and accounting methods. SpaceX is seeking to raise $75 billion at a valuation of approximately $2 trillion. If successful, it would become the largest IPO in history. However, experts point out that its revenue is severely mismatched with its valuation and that it relies more heavily on Musk’s vision for the future. The union president criticized the move as “rushing to market at a valuation that defies financial logic.” The union is concerned that if SpaceX goes public, the retirement funds of its members will be passively exposed to its operational risks. Many of SpaceX’s goals require years of investment and may even prove impossible to achieve. The union also asked the SEC

ME News reported that on May 7 (UTC+8), local time May 6, Hazharian, a member of the National Security Committee of Iran’s Islamic Parliament, said in an interview that the U.S. military had attempted to launch a large-scale military operation in the Strait of Hormuz the previous evening, but because Iran launched a stronger counterattack, the United States was forced to announce the suspension of the operation. Hazharian also said this proves that even if U.S. Central Command uses all military means at its disposal, it still cannot reopen the Strait of Hormuz. (Source: BlockBeats)

Arm sees increased chip adoption as technology companies ramp up AI computing investments. The company forecasts fiscal first-quarter revenue of $1.26 billion, above market expectations of $1.25 billion. CEO Rene Haas said data center demand remains strong, while related licensing royalties also posted substantial growth. This year, Arm released an AGI CPU data center chip designed for big-data computing and has already secured $200 million in customer demand for fiscal years 2027 and 2028.

AIMPACT News, May 7 (UTC+8) — OpenAI announced on May 7 that ChatGPT is now integrated into Microsoft Excel and Google Sheets as a direct add-on. Powered by the newly released GPT-5.5 model, the integration allows users to clean data, write formulas, update spreadsheets, and explain operations without leaving the spreadsheet. (Source: InFoQ)

Patrick Witt, executive director of the White House Digital Asset Advisory Council, said the administration is pushing for the Digital Asset Market Clarity Act to pass Congress before July 4. The Senate Banking Committee will advance its review this month, with a four-week work period in June aimed at moving the bill toward a full Senate vote. The dispute over stablecoin yield provisions has been largely resolved: the bill is expected to prohibit yields resembling interest on bank deposits while allowing rewards linked to consumer activity. At the same time, negotiations are underway with Congress on conflict-of-interest provisions applicable to all government officials.

AIMPACT Message, May 7 (UTC+8) — New York University Data Science published research findings indicating that AI agents often perform poorly in motion planning because their internal representations of the physical world are overly entangled. CDS doctoral student Ying Wang demonstrated a method for improving AI navigation by “straightening” these paths. The research paper has been accepted by ICML.

ME News, May 7 (UTC+8) — DTCC, the organization responsible for U.S. securities clearing and settlement infrastructure, is working with multiple high-performance Layer 1 blockchains to explore the possibility of moving corporate actions such as dividend payments and tender offers on-chain. DTCC CEO Frank La Salla noted that most blockchains still face performance bottlenecks when processing large-scale corporate actions, while DTCC needs to process millions of dividend payments daily, creating a need for Layer chains with higher throughput and greater stability.

ME News, May 7 (UTC+8) — DTCC, the organization responsible for the U.S. securities clearing and settlement infrastructure, is working with multiple high-performance Layer 1 blockchains to explore the possibility of moving corporate actions such as dividend payments and tender offers on-chain. DTCC CEO Frank La Salla noted that most blockchains still face performance bottlenecks when processing large-scale corporate actions. DTCC needs to process millions of dividend payments every day, and therefore requires Layer with higher throughput and stability.

AIMPACT News, May 7 (UTC+8), 2026年5月7日, 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. So far, only the partnership announcement and the benchmark’s basic structure have been disclosed; no specific evaluation results, model performance data, or methodological details have been provided. (Source: InFoQ)

ME News, September 27 (UTC+8) — RLUSD’s circulating supply is approximately 2.49 billion tokens, with a market capitalization nearing $2.5 billion, an increase of approximately $490 million from the $2 billion milestone announced by Ripple in August. The total value of stablecoins on the XRP Ledger is approximately $1.19 billion, up about 6% over seven days and 11% over 30 days; RLUSD accounts for approximately $1.1 billion, or more than 92%. (Source: ODAILY)

Beijing’s Shijingshan police successfully intercepted a new type of cross-border telecommunications scam, froze 780,000 yuan in funds involved in the case, and returned the money to the victim. The scammers impersonated public security, procuratorial, and judicial authorities, claiming that the victim was involved in money laundering and needed to pay bail, thereby inducing the victim to transfer funds. They then used third-party payment platforms to exchange the funds for “U-coins” on a trading platform and transfer them, resulting in multiple scams within a single case, with victims unknowingly serving as money-laundering tools for one another.

AIMPACT, 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 dates. (Source: InFoQ)

On May 7, the American Federation of Teachers and other unions sent a letter to the SEC calling for close scrutiny of SpaceX’s planned IPO valuation and accounting practices, expressing concern that its valuation defies financial logic and that pensions could be exposed to risk. SpaceX plans to raise $75 billion at a valuation of approximately $2 trillion, potentially making it the largest IPO in history. Experts say its revenue does not support the valuation, which depends more on Elon Musk’s future vision. The unions also urged the SEC to review the forced investment issue arising from changes to the rules governing index funds.

Garry Tan announced the launch of the hosted version of GStack, calling it a way to quickly create new things. Lightsprint announced support for GStack, allowing users to try it on the official website. Lightsprint enables engineers and product managers to collaborate on real codebases: describe requirements in natural language, generate visual options and real-time previews, and submit pull requests. All changes are submitted as PRs and must be reviewed and merged by an engineer, avoiding workflows that start from scratch or require waiting for tickets.

The U.S. Central Command said that at 9 a.m. Eastern Time on May 6, it opened fire on the Iranian-flagged empty tanker “Hasna” in the Gulf of Oman, damaging its rudder and preventing it from sailing to Iranian ports. The vessel was accused of violating the blockade, and after warnings proved ineffective, it was engaged with 20 mm cannon fire from an F/A-18 fighter jet. The U.S. military said the blockade remains fully in effect and that it will continue to enforce it in a cautious and professional manner.

ME News reported on May 7 (UTC+8) that 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 is expected to advance consideration this month, while a four-week Senate work period in June is scheduled to push for a full Senate vote. Patrick Witt

ME News, September 27 (UTC+8) — According to CoinMarketCap market data, ETH has surpassed $2,700 and is currently priced at $2,703.96, up 0.4% over the past 24 hours. (Source: CoinMarketCap)

Long.xyz founder Nate stated that the goal is not to revolve around a particular Meme, AI, or market trend, but to reduce the risk of asset failure caused by reliance on a single factor through continuous iteration; to balance liquidity, potentially high returns, and Meme characteristics; to enable community governance with the team driving development but not serving as the sole support; and to combine the asset with areas such as RWA, U.S. stock catalysts, and AI to buffer the impact of crypto cycles, while reducing short-term PVP among assets and maintaining a rhythm of competition, survival, and iteration.