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According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0039%. Among the current mainstream exchanges, the rate on Binance is 0.0043%, OKX is 0.0064%, Bybit is 0.004%, and Gate is 0.0076%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.001%. Among the current mainstream exchanges, the rate on Binance is -0.0038%, OKX is 0.0042%, Bybit is -0.0016%, and Gate is 0.0001%.

According to Cointelegraph, the U.S. spot Bitcoin ETF has recorded six consecutive weeks of net inflows, marking the longest consecutive record since August 2025. This round of inflows has continued from the week of April 2 to this Friday, totaling $3.4 billion. The week of April 17 saw the strongest inflow at $996 million, while the most recent week had an inflow of $623 million, and the week of April 2 had the lowest inflow of only $22.34 million.The last longer consecutive record was a seven-week continuous inflow from June 13 to July 18, 2025, totaling approximately $7.57 billion. Notably, there was a pullback in the latter half of this week, with outflows of $278 million and $146 million on Thursday and Friday, respectively, after strong inflows of $532 million and $467 million on Monday and Tuesday. Regarding Ethereum ETFs, as of the week of May 8, there was a return to net inflows of $70.49 million, reversing the previous week's net outflow of $82.47 million.

Prediction market Kalshi announced a partnership with the sports venue Madison Square Garden, becoming its official prediction market partner. The sixth-floor concourse of Madison Square Garden will officially be renamed Kalshi Concourse, which is primarily used for merchandise sales, dining, and bars.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.531 billion, with long positions at $2.207 billion, accounting for 48.71% of the total holdings, and short positions at $2.324 billion, accounting for 51.29%. The profit and loss for long positions is $81.6361 million, while for short positions it is -$11.9 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 $2.0004 million.

The decentralized stablecoin USDD has announced the launch of a VIP program aimed at providing exclusive value-added services for high-net-worth users and deeply engaged participants in the ecosystem. Members who join this program will periodically receive ecosystem benefits, including merchandise, gift packs, whitelist privileges, and will have access to in-depth strategic content, ecosystem and market analysis reports, as well as the opportunity to communicate directly with the official team.It is reported that this program is primarily targeted at users with a single account holding of 1 million or more USDD (or equivalent sUSDD). Eligible users can apply by sending a private message to the official X account @usddio, and after asset verification, they can join. Successfully inviting users to join will also yield corresponding rewards.

According to Jinshi reports, Bank of America’s latest forecast shows that the Federal Reserve will delay interest rate cuts until the second half of 2027, primarily due to high inflation levels and strong employment growth. Bank of America economists stated, "We no longer expect the Federal Reserve to cut rates this year." At the same time, they pointed out that multiple shock factors affecting the economy, including the Iran war, tariffs, and the rise of artificial intelligence, make predicting interest rate changes more difficult.

Former Singapore Navy personnel Zhang Rongxuan (35 years old, phonetic) was sentenced to six years and ten months in prison after stealing 1.7 million Tether (nearly 2.3 million Singapore dollars) from a friend's cold wallet, which he spent on luxury watches, gambling, and paying off a mortgage.It is reported that Zhang Rongxuan was a member of the Naval Diving Unit at the time of the incident, holding the rank of captain. After getting to know the victim, he also co-managed a non-fungible token trading platform with friends, which is affiliated with Upstairs Research Pte Ltd and owned by DiGi Selection Holdings Pte Ltd. After security companies tracked the cryptocurrency wallet, Zhang Rongxuan admitted that he committed the crime due to suffering significant losses from the collapse of the FTX exchange.

According to a Reuters report, Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, stated during her testimony in the Senate that the design work for Canada's stablecoin regulatory framework is fully underway and is expected to be launched in mid to late 2027.She noted that the previously planned target for early 2027 was rather ambitious.

According to market news, Nasdaq-listed Bitcoin mining company MARA Holdings has initiated a holder consent solicitation process regarding Long Ridge Energy's $600 million senior secured notes to amend the relevant covenant terms.MARA had previously signed an agreement on April 29 to acquire 100% of the parent company of Long Ridge. Since this transaction would trigger the "change of control" clause in the notes, it theoretically requires a cash buyback of all outstanding notes at 101% of the price. MARA is seeking the consent of the noteholders to exclude this transaction from the definition of "change of control" and to list MARA and its affiliates as "permitted holders."

According to Globenewswire, NASDAQ-listed company IREN announced its latest financial report and disclosed that it has signed an AI cloud contract with NVIDIA worth $3.4 billion. IREN will deploy air-cooled Blackwell GPU infrastructure for NVIDIA, with a contract duration of 5 years.The financial report also showed that IREN is accelerating its transition from Bitcoin mining to AI cloud business, with the construction of data centers related to the $9.7 billion contract with Microsoft progressing. As of April 30, IREN held $2.6 billion in cash, and its revenue for the third quarter of fiscal year 2026 was $144.8 million, down from $184.7 million in the previous quarter, with a net loss of $247.8 million impacted by non-cash impairment related to the elimination of mining machines.

Bitcoin mining company DMG Blockchain has established a new subsidiary, DMG Infrastructure, for future artificial intelligence/high-performance computing (AIHPC) business operations, and plans to drive its data centers towards AI/HPC business transformation.DMG Blockchain also disclosed that it mined a total of 21 BTC in April, down from 23 BTC in March. As of the end of April, it holds 389 BTC, a decrease of 9 BTC from the previous month, with a current hash rate of 1.54 EH/s, down from 1.63 EH/s in March.

According to SoSoValue data, yesterday (Eastern Time May 8), the total net inflow of Ethereum spot ETFs was $3.5747 million.The Ethereum spot ETF with the highest single-day net inflow yesterday was Blackrock Staked ETH ETF ETHB, with a single-day net inflow of $3.5747 million. Currently, the historical total net inflow of ETHB has reached $82.7645 million.As of the time of writing, the total net asset value of Ethereum spot ETFs is $13.732 billion, and the ETF net asset ratio (the market value as a percentage of the total market value of Ethereum) is 4.94%. The historical cumulative net inflow has reached $12.087 billion.

As the first CEX platform to connect with Polymarket, Gate's data shows that in the prediction event related to "What will the price of gold (GC) be by the end of June 2026," the overall market expectation remains relatively strong. Among these, the probability of the gold price exceeding $5,000 is 51%, the probability of exceeding $4,900 is 68%, and the probability of reaching $4,600 is about 80%; meanwhile, the probability of being below $4,500 is 55%. Overall, the market maintains a high level of attention on the medium to long-term trend of gold, with some divergence in capital expectations.Gate's performance in the Polymarket collaboration channel continues to lead, currently ranking in the top two, with a significant increase in user participation scale, reflecting the growing activity and depth of participation of platform users in the prediction market. Users can directly access the prediction market through the Gate App, entering the Polymarket page from the platform's homepage Alpha, and participate in event predictions using USDT in their exchange accounts. This integration marks a key step for Gate in merging the cryptocurrency trading ecosystem with the prediction market, providing users with a diversified market experience from expectation judgment to trading participation.

According to market news, since December 2025, more than 12 cryptocurrency and fintech companies have applied for or obtained national trust bank licenses from the Office of the Comptroller of the Currency (OCC), including Coinbase, Ripple, Circle, BitGo, as well as Morgan Stanley and Fidelity Digital Assets.Kraken's parent company Payward has also submitted an application to establish Payward National Trust Company, which will provide bank-grade cryptocurrency custody and trust services for institutional and individual clients. The OCC's auditor stated that new entrants into the federal banking sector are beneficial for consumers, the banking industry, and the economy, and the OCC will continue to provide pathways for traditional and innovative financial services. The national trust bank license allows companies to manage assets under a single federal regulation, reducing reliance on external banking partners. However, most companies are still in the conditional approval stage, with only Anchorage Digital Bank being the sole fully operational national trust bank.Another major unresolved issue is access to the Federal Reserve's payment infrastructure. Federal Reserve governors have indicated they are exploring ways to simplify account structures, but no formal framework has been established yet.

The People's Court of Haidian District, Beijing, disclosed a case involving virtual currency "box opening." The defendant illegally obtained citizens' personal information through encrypted communication tools and other channels, unlawfully acquiring over 900 million pieces of information data, building a "social engineering database" website storing over 170 million pieces of citizens' personal information, and profiting by selling it in exchange for virtual currency. Additionally, they used encrypted communication tools to establish a "box opening hang person" group to publish illegal information that infringes on privacy.The court sentenced the principal offender, Lin, to 7 years in prison for the crime of infringing on citizens' personal information and the crime of illegally using information networks, and imposed a fine of 70,000 yuan.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.515 billion, with long positions of $2.213 billion, accounting for 49.01% of the total holdings, and short positions of $2.302 billion, accounting for 50.99%. The profit and loss for long positions is $83.3248 million, while the profit and loss for short positions is -$11.8 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 $1.9404 million.

According to BBX data, this week the outflow channels of cryptocurrency infrastructure and the forward-looking financial reports of mining companies are advancing on two fronts, with the core dynamics as follows:Kraken (parent company Payward, Inc.) and the global payment network MoneyGram announced the establishment of a global strategic partnership through PR Newswire on May 5. Kraken users can withdraw cash exchanged for cryptocurrency in hundreds of fiat currencies at nearly 500,000 MoneyGram physical locations covering over 100 countries; initially focusing on cryptocurrency outflows, with plans to expand to local bank deposits and cross-border remittance flows; Kraken is responsible for customer identity verification, while MoneyGram provides licensed remittance services and compliance frameworks. Kraken co-CEO Arjun Sethi confirmed in an interview with Fortune that the company's IPO progress is "close to 80%," having previously submitted its confidential S-1 filing to the SEC. Bloomberg estimates the current valuation at approximately $13.3 billion based on a $200 million equity investment from Deutsche Börse.MARA Holdings, Inc. (NASDAQ: $MARA) officially announced on ir.mara.com on May 4 that its Q1 2026 financial report will be released after the market closes on May 11, with a conference call scheduled for 5:00 PM (ET); analyst consensus expects an EPS of approximately -$2.34 and revenue of about $184.2 million. As of the end of 2025, the company holds 53,822 BTC, with full-year revenue for 2025 at $907 million (up 38% year-on-year) and a hash rate of 66.4 EH/s; during Q1 2026, the price of BTC fell from about $87,000 to around $68,000, putting pressure on the mining company's total costs. The market will focus on the progress of its AI/HPC data center transformation and the rollout pace of the Starwood JV, which exceeds 1 gigawatt capacity.The U.S. Department of Labor released the April non-farm employment data on May 8, showing an increase of 115,000 jobs, nearly double the market expectation; Bitcoin maintained a range of $79,000---$80,000 after the data was released, with the market interpreting this "soft landing" signal as favorable for risk assets—an unheated job market means an increased probability of the Federal Reserve maintaining current interest rates, keeping the mid-term liquidity environment for cryptocurrency stable. The monthly net inflow for Bitcoin spot ETFs in April was approximately $2.44 billion, the strongest single month data of the year; April's monthly close rose by 16%, and if May's closing price remains above $76,000, it will confirm three consecutive months of positive monthly closes for Bitcoin, which Fundstrat founder Tom Lee defines as a "bear market ending signal."

According to Bits.media, the Moscow Exchange announced that it will launch new settlement futures trading for three digital asset indices: Solana, Ripple, and Tron, starting on May 14, limited to qualified investors.These instruments are settled in Russian rubles and do not involve physical delivery of digital assets. The quotation unit for Solana index futures is in US dollars, with a minimum price fluctuation and fluctuation value of 0.01 dollars; the minimum price fluctuation for Ripple and Tron index futures is 0.0001 dollars, with a fluctuation value of 0.01 dollars. The contract duration is one month, with the last trading day being the last Friday of each month. Contracts expiring in June, July, and August will be available starting May 14. Additionally, the Moscow Exchange will begin calculating and publishing indices for four cryptocurrencies: Solana, Ripple, Tron, and BNB on May 13.

According to Bits.media, the State Duma's Committee on National Construction and Legislation in Russia has suggested passing the government's proposed criminal liability bill for illegal cryptocurrency mining in the first reading.The bill will add Article 171.6 "Illegal Mining of Digital Assets and Activities of Mining Infrastructure Operators" to the Criminal Code, applicable to mining activities not registered in the national registry and unlicensed provision of mining infrastructure services. The severity of penalties will depend on the seriousness of the crime: for income or losses exceeding 3.5 million rubles, fines can reach up to 1.5 million rubles or two years' income, or compulsory labor for up to two years; for crimes committed by organized groups or income exceeding 13 million rubles, fines can reach up to 2.5 million rubles or three years' income, compulsory labor or imprisonment for up to five years, and may also include additional fines of up to 400,000 rubles or six months' income. In all cases, confiscation of the mined cryptocurrency is stipulated. The government states that currently about 50,000 entities in Russia are engaged in mining, but only 1,489 (609 legal entities and 880 individual entrepreneurs) are registered in the national registry.