for

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0012%. Among the current mainstream exchanges, the rate on Binance is -0.0028%, OKX is 0.0087%, Bybit is 0.0059%, and Gate is 0.004%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.002%. Among the current mainstream exchanges, the rate on Binance is 0.0024%, OKX is 0.0071%, Bybit is 0.0039%, and Gate is 0.0033%.

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $4.382 billion, with long positions totaling $2.171 billion, accounting for 49.54% of the holdings, and short positions totaling $2.212 billion, accounting for 50.46%. The profit and loss for long positions is $30.5702 million, while the profit and loss for short positions is -$63.8695 million.Among them, the whale address 0xa5b0..41 has a 15x leveraged long position on ETH at a price of $2265.48, currently showing an unrealized profit and loss of $180.4 thousand.

OKX will officially launch the DRAM/USDT perpetual contract on May 8, 2026, at 17:00, the LITE/USDT contract will go live at 17:15, and the GME/USDT contract will launch at 17:30. Contract trading will support 24/7 trading, with USDT as the settlement currency.

The global stock market has reached a milestone moment. According to data from the Gate platform, NAS100 (Nasdaq 100 Index) strongly refreshed its intraday historical high yesterday, reaching a maximum of $28,817.49; US30 (Dow Jones 30 Index) broke the 50,000-point mark for the first time, peaking at 50,116.03 points. Although the subsequent gains narrowed, the two indices closed at 28,637.55 points and 49,679.17 points respectively, but the new highs of these two core indices have significantly boosted market sentiment, establishing a premium space for a new round of market rally.Gate has launched the world's first perpetual contracts for indices, with 15 trading pairs now available in the contract area, providing the most comprehensive global mainstream stock indices and volatility indices, fully supporting USDT settlement and 24/7 continuous trading. With a well-established layout in the fields of crypto assets, metals, indices, commodities, foreign exchange, and popular stocks, Gate continues to offer global users a one-stop, multi-scenario asset allocation choice, further enhancing the platform's competitiveness and brand influence in the global comprehensive trading market.

According to market news, the National Assembly of South Korea has passed an amendment to the Foreign Exchange Transaction Act, requiring companies engaged in cross-border transfer of virtual assets to register with the Ministry of Economy and Finance, bringing the cross-border flow of virtual assets such as stablecoins under the management system of the foreign exchange authorities.The amendment newly defines "virtual asset transfer business," covering activities that transfer virtual assets between South Korea and foreign countries through buying, selling, exchanging, etc. Virtual asset exchanges and custodians are also included in the registration scope. The amendment also reorganizes the foreign exchange business system, integrating the original currency exchange, small overseas remittances, and other businesses into "general currency exchange business" and "overseas payment settlement business." For violations of foreign exchange transaction procedures aimed at obtaining improper benefits, the penalty has been increased from fines of less than 50 million won to imprisonment of less than one year or fines of less than 100 million won.

Coinbase experienced service interruptions due to rising temperatures at the AWS US-EAST-1 data center. Trading will first resume in "cancel only" mode, with full trading recovery coming soon.

The Coinbase exchange has been down for over 2 hours, and its status page redirects users to the AWS status page.

The Japan Crypto Asset Business Association (JCBA) officially released the "Best Practices for Crypto Asset Staking Operations" guidelines, covering various aspects such as operational requirements, emergency response, information disclosure, compliance management, external auditing, and tax accounting, aiming to enhance the security and transparency of domestic staking services.

According to on-chain analyst Ai Yi's monitoring, the address BGiPQ...44QEr bought $42 worth of HANTA at a price of $0.000009553 four days ago, sold 35% of its holdings for a profit of $765.6 the day before yesterday at the peak of the surge, and the remaining portion is still up $26,500, with a return rate of 64578%.

According to crypto analyst Amr Taha, the Bitcoin reserves of Binance, OKX, and Gemini have significantly decreased since February, with a total outflow of nearly 100,000 BTC, worth over $8 billion, bringing reserves to their lowest level since 2023. Among them, Binance's reserves dropped from about 670,000 on February 21 to about 620,000 on May 7, OKX fell from about 132,000 on March 2 to about 102,000, and Gemini decreased from about 114,800 in early February to 95,000.At the same time, OTC balances continue to tighten, with the 30-day OTC balance change dropping to -24,940 BTC. On the demand side, the holdings of accumulator addresses increased by 60.5% within two weeks, reaching 264,000 BTC on May 6. Binance's seven-day net buying volume also shifted from about -$1 billion (seller-dominated) at the end of March to +$2.63 billion (buyer-dominated) on Thursday. Analysts point out that simultaneous outflows across multiple platforms are more indicative than those from a single platform, and the reduction in exchange inventories may amplify price reactions when strong spot demand returns.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.415 billion, with long positions totaling $2.182 billion, accounting for 49.42% of the holdings, and short positions totaling $2.233 billion, accounting for 50.58%. The profit and loss for long positions is $37.0766 million, while for short positions it is -$70.7894 million.Among them, the whale address 0xa5b0..41 has a 15x leveraged long position on ETH at a price of $2265.48, currently showing an unrealized profit and loss of $768,400.

According to a report by Reuters, the American cybersecurity service company Cloudflare announced it will lay off about 20%, or more than 1,100 employees, to reorganize operations around the application of AI tools. CEO Matthew Prince stated that the company is redesigning each team and function to adapt to the era of agent-based AI.Cloudflare stated that its own AI usage has increased more than sixfold over the past three months, and this layoff is a redesign of internal processes and positions, rather than due to employee performance or short-term cost pressures. Cloudflare expects second-quarter revenue to be around $664 million to $665 million, slightly below the analyst expectation of $665.3 million.

HYPE Financial Company Hyperliquid Strategies disclosed its third-quarter report on Thursday, currently holding approximately 20 million tokens. Since its establishment in December 2025, the company has invested $216 million to acquire about 7.3 million HYPE tokens. Hyperliquid Strategies went public last year through a merger with Sonnet BioTherapeutics, focusing on accumulating HYPE tokens through staking, yield optimization, and ecosystem participation to maximize shareholder value.In addition to buying HYPE, the company also deployed $10.5 million to repurchase approximately 3 million shares of PURR stock at an average price of $3.42 per share. The company maintains a cash position of $103 million for future treasury deployments, repurchases, and other corporate expenses.For the nine months ended March 31, a net loss of $165.4 million was recorded. The announcement stated that the loss was "primarily due to" a $64 million unrealized net loss on HYPE tokens, a $35.6 million one-time write-down related to the acquisition of the legacy Sonnet business, and an increase of $60.5 million in deferred income tax expenses. For the three-month period ended March 31, staking income reached $2.6 million, with interest income increasing by another $1 million, and operating expenses amounted to $7.2 million.

Coinbase Chief Financial Officer Alesia Haas stated during this morning's earnings call: "I want to quickly remind everyone that our USDC contract (note: referring to the distribution agreement with Circle) automatically renews every three years and is perpetual. This contract cannot be terminated."Coinbase Chief Compliance Officer Paul Grewal also stated: "Fortunately, the terms of the contract we have signed with Circle are established, and as Alesia Haas emphasized, these contracts will automatically renew. We expect to continue our partnership with Circle under the same terms in the future."

According to Jinshi reports, New York Fed President Williams stated that despite the large scale of government borrowing, demand for U.S. Treasuries remains strong. He pointed out that the Federal Reserve is "very closely" monitoring the government's borrowing levels and emphasized that market demand for U.S. Treasuries is still "huge." Williams also mentioned that the U.S. economy has shown resilience amid the energy shock caused by the war in the Middle East and stated that the Federal Reserve is committed to bringing the inflation rate back down to the target level of 2%.

According to The Block, Jack Dorsey's fintech company Block recorded a revaluation loss of $173 million in the first quarter due to fluctuations in Bitcoin prices, resulting in a net loss attributable to common stockholders of $309 million.Block holds 28,355 Bitcoins, valued at approximately $2.2 billion. Despite this non-cash loss, Block's total gross profit in the first quarter increased by 27% year-on-year to $2.91 billion. Cash App's gross profit grew by 38% to $1.91 billion, but the Bitcoin business declined by 31% year-on-year. Square's Bitcoin business remained largely unchanged, with related revenue of approximately $28 million, offset by roughly equivalent costs, making its impact on gross profit negligible.Adjusted operating profit increased by 56% to $728 million, and adjusted earnings per share grew by 52% to $0.85. Block raised its full-year performance expectations, forecasting a 19% year-on-year increase in gross profit for the full year of 2026 and a 62% increase in adjusted diluted earnings per share.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0021%. Among the current mainstream exchanges, the rate on Binance is -0.001%, OKX is 0.0087%, Bybit is 0.0051%, and Gate is 0.01%.