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CoW DAO announced that its domain registrar was subjected to a social engineering attack on April 14, during which the attacker briefly controlled the official domain for about 4.5 hours and directed users to a phishing website, thereby inducing them to sign malicious transactions. The project team emphasized that the CoW Protocol itself was not compromised, but some user assets were affected during that time window.In response to this incident, the CoW DAO community governance proposal CIP-86 has been approved, establishing a discretionary compensation fund to reimburse affected users for their losses. The official reminder states that eligible users must submit their claims by May 14, including affected wallet addresses, asset information, transaction hashes, and names, and apply via email at help@cow.fi, with the email subject clearly stating "Discretionary Grant Claim for".

Australia is considering significant reforms to its Capital Gains Tax (CGT) system, planning to replace the current 50% tax discount policy for long-term held assets with an "inflation-indexed" mechanism, covering investment categories such as cryptocurrencies and stocks. The current system allows individuals to be taxed only on 50% of the capital gains if they hold the asset for more than a year, a policy that has been in place since 1999.If the reform is implemented, investors will calculate their gains based on inflation-adjusted cost bases, which may lead to an increase in actual tax burdens during periods of rapid asset price increases. According to the proposal's logic, the new mechanism will only tax "real gains" (the portion after excluding the effects of inflation), but in a low-inflation environment, the indexed deduction may be lower than the current 50% discount, resulting in increased tax burdens for most investors. The impact on cryptocurrency investors is particularly pronounced.The current "hold to reduce tax" mechanism reinforces long-term holding (HODL) strategies, while the new proposal will weaken the advantage of time holding, significantly increasing the tax burden on unrealized gains during periods of high appreciation. The proposal is still in the discussion stage and is expected to face strong opposition from investor groups and the financial industry, with the focus of the controversy centered on the balance between capital formation efficiency and tax system fairness.

Ondo Finance announced that its subsidiary Ondo Global Markets has surpassed a total locked value (TVL) of $1 billion, becoming one of the fastest-growing tokenized stock and ETF platforms in the history of on-chain finance. Official data shows that the platform achieved this milestone in less than 8 months and currently holds over 70% of the tokenized stock market share, with a cumulative trading volume exceeding $18 billion and a user base reaching tens of thousands.Ondo Global Markets currently supports over 260 tokenized stocks and ETFs, covering several popular industries such as artificial intelligence, biotechnology, defense, and energy, and has been deployed on multiple public chains including Solana, BNB Chain, and Ethereum. The project team stated that tokenized assets are rapidly expanding into more asset classes, with a growth rate that has surpassed the early stages of stablecoins and tokenized U.S. Treasuries, reflecting a structural change in the way global capital markets are accessed.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0025%. Among the current mainstream exchanges, the rate on Binance is 0.0033%, OKX is 0.0052%, Bybit is 0%, and Gate is 0.0029%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0008%. Among the current mainstream exchanges, the rate for Binance is 0.0045%, OKX is 0.001%, Bybit is 0.0019%, and Gate is -0.0015%.

According to GlobeNewswire, IREN announced plans to issue $2 billion of convertible senior notes due in 2033, and grant initial purchasers an additional option to purchase up to $300 million. The notes are unsecured senior debt, expected to mature in December 2033, with proceeds partially used for capped call hedging transactions and the remainder for general corporate purposes and working capital.At the same time, IREN also plans to simultaneously unwind part of the capped call hedging positions related to the convertible bonds maturing in 2029 and 2030. The company stated that hedging institutions may engage in derivative and spot trading around IREN stock, which could affect the stock price and the initial conversion price of the new notes.Previously, IREN has become one of the most aggressive companies in the U.S. stock market in expanding AI data center and Bitcoin mining infrastructure, and this large-scale financing may further enhance its capital expenditure and expansion capabilities.

According to The Block, Rob Nichols, the CEO of the American Bankers Association (ABA), sent a letter to bank executives on Sunday evening urging them to contact senators to further tighten the provisions related to stablecoin rewards before the Senate Banking Committee's markup vote on Thursday.Nichols warned that the current draft fails to effectively prevent crypto companies from offering "interest-like rewards" to users, which could lead to significant outflows of bank deposits, threatening economic growth and financial stability.The current draft, negotiated by Senators Angela Alsobrooks and Thom Tillis, prohibits paying interest or returns to users holding stablecoins but allows rewards linked to real activities or transactions, a provision that has received support from Coinbase. The banking industry groups believe that the related exceptions contain loopholes that could be exploited and jointly sent a letter on May 8 to Committee Chairman Tim Scott and Democrat Elizabeth Warren, requesting technical revisions to the wording of the provisions.

According to Gate market data, at the opening of the US stock market, the Dow Jones Industrial Average fell by 0.12%, the S&P 500 index fell by 0.16%, and the Nasdaq Composite Index fell by 0.44%. AI chip stocks showed mixed trends, with Qualcomm rising nearly 6%, Intel rising nearly 5%, and Nvidia falling by 0.3%.

Binance released its latest security report, addressing the current industry situation of rapidly spreading AI scams. The platform has deployed over 24 AI security programs and equipped more than 100 AI models to build an intelligent defense system against various types of cryptocurrency fraud.Statistics show that from early 2025 to the first quarter of 2026, Binance has protected over 5.4 million users and intercepted potential fund losses of $10.53 billion. In Q1 2026, the platform successfully intercepted 22.9 million scam and phishing attacks, protecting user funds amounting to $1.98 billion, with an average of over 9,600 real-time risk alerts pushed daily, and a total of 36,000 malicious on-chain addresses blacklisted.The report pointed out that deepfakes, voice cloning, and phishing bots have become mainstream scam tactics, with the overall scale of cryptocurrency fraud reaching $17 billion in 2025, a year-on-year increase of 30%. In terms of risk control, Binance's AI system handles 57% of fraud detection work, reducing the credit card fraud rate to 60%-70% of the industry average; it has upgraded AI anti-counterfeiting KYC reviews, with review efficiency improved by up to 100 times.The AI trading tool Binance Ai Pro uses an isolated account structure, only allowing trading permissions and prohibiting withdrawals, with the platform intercepting 12% of high-risk third-party AI plugins. Additionally, in 2025, Binance assisted in recovering $12.8 million in scammed funds, handled 48,000 cases, and collaborated with law enforcement to freeze $131 million in illegal assets.

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $4.282 billion, with long positions at $2.087 billion, accounting for 48.75% of the holdings, and short positions at $2.195 billion, accounting for 51.25%. The profit and loss for long positions is $42.3485 million, while for short positions it is -$78.44 million.Among them, the whale address 0xa5b0..41 has taken a 15x leveraged long position on ETH at a price of $2265.48, currently showing an unrealized profit and loss of $2.5684 million.

According to CoinDesk, the game public chain behind Axie Infinity, Ronin, will migrate from an independent sidechain to an Ethereum Layer 2 network through a hard fork on May 12, which is expected to result in approximately 10 hours of network downtime, during which all transfers, swaps, contract interactions, and on-chain gaming activities will be paused.This upgrade will introduce the OP Stack architecture and the "Proof of Distribution" allocation model, rewarding builders based on their actual contributions to the network, while significantly reducing the RON inflation rate from over 20% to less than 1%. Additionally, 90 million RON originally allocated for staking rewards will be moved to the treasury fund, and the market transaction fee will be increased from 0.5% to 1.25% to enhance security, scalability, and reshape the token economy.

According to CoinDesk, CoinShares data shows that last week, cryptocurrency funds saw a net inflow of $858 million, marking the fifth consecutive week of inflows and the largest single-week inflow since the end of April. Among them, Bitcoin funds attracted over $700 million in a single week, with a total inflow of $4.9 billion this year, indicating that institutional investors' demand for the cryptocurrency market continues to rise. Market analysts believe that expectations related to the Clarity Act have improved institutional sentiment.Currently, the BTC price remains above $80,000, and the market is focused on whether it can effectively break through the 200-day moving average located around $82,000. Marex analysts pointed out that if Bitcoin closes above $82,000 on a daily basis, accompanied by stable spot buying, it may initiate a new round of upward momentum.In terms of altcoins, SUI rose 12% in 24 hours to $1.26. Adeniyi Abiodun, co-founder of Mysten Labs, revealed that Sui plans to launch a confidential transaction feature this year to support fee-free privacy payments.In addition, Nasdaq-listed Sui Group Holdings (SUIG) previously announced that it has staked most of its SUI reserves, equivalent to a reduction of about 2.7% of the market circulation supply.

According to the official announcement, the asset for the second phase of Bitget IPO Prime is preOPAI, a digital token issued on the Solana chain by the regulated issuer Republic, aimed at mirroring the economic performance of OpenAI post-IPO on a 1:1 basis. As a leading consumer-level AI provider globally, OpenAI's official data shows that it has approximately 900 million weekly active users. Its most recent financing round reached $122 billion, with investors including Microsoft, NVIDIA, Amazon, and SoftBank.Bitget IPO Prime adopts a subscription model, allowing users to obtain corresponding subscription quotas based on their account levels. After the token distribution is completed, users can trade in the upcoming spot market; they can also exchange for stock tokens or USDT based on the market price of the underlying company's stock, as entrusted by the issuer to Bitget, after the lock-up period of the preOPAI underlying debt asset ends.IPO Prime Details:• Implied valuation of OpenAI: $898.21 billion• Total subscription amount for IPO Prime: 29,082• Total subscription value: $21,084,450• Subscription price: 1 preOPAI = $725• Investment currencies: USDT or USDGO• Total upper limit of investment pool: $300,000,000• Individual investment range: $100 - $600,000• Investment period: May 12, 16:00 to May 15, 16:00 (UTC+8)• Distribution time: May 15, 16:00 to 20:00 (UTC+8)• Spot trading time: May 15, 22:00 (UTC+8)• Distribution schedule: 30% released on May 15, 30% released on June 15, 40% released on July 15

According to the official announcement, Gate Live has officially launched the "Private Mode Live Room" feature, providing a higher level of access control and content security for live streaming scenarios. This feature is now available on the web and is also supported in App version v8.18.0, currently open to all streamers. Streamers can flexibly set keys according to their needs, ensuring that only specific user groups (such as core fans, VIP users, or paying users) can watch live broadcasts, previews, and replay content after entering the key.This feature also brings more flexible marketing scenarios, allowing streamers to conduct various operational attempts such as lotteries, internal sharing sessions, or exclusive events through targeted key distribution, achieving more precise reach and higher conversion efficiency. For users, entering the live room with a key allows them to access higher quality and more targeted content.The Private Mode Live Room not only effectively prevents content from being accessed by non-target users but also makes live interaction more focused, helping to improve overall communication quality and participation experience. This mode can also enhance fans' sense of identity and participation, contributing to increased loyalty and stickiness. The launch of the Private Mode Live Room is an important step for Gate in continuously optimizing the content ecosystem and user experience. In the future, Gate will continue to expand more functional capabilities around live streaming scenarios, helping creators and users establish higher quality and more valuable connections.

The BSC ecosystem's Fortune Protocol has announced the completion of its Seed round financing. This round of financing was participated in by TBV, Cogitent Ventures, X21 Digital, CGV FoF, K24 Ventures, LandScape Capital, and others.Fortune is a new generation Web3 financial protocol focused on building and innovating liquidity infrastructure for prediction markets. The funds raised in this round will be used to accelerate the development of Fortune's AI prediction tools and large-scale prediction models, promoting further development of the protocol in terms of technology, products, and ecosystem.

According to Gate market data, the three major U.S. stock indices fluctuated slightly before the market opened, with the Nasdaq up 0.03%, the Dow down 0.07%, and the S&P 500 flat.Most of the seven major tech stocks were down before the market opened, with Apple (AAPL) up 0.05%, Microsoft (MSFT) down 0.42%, Alphabet (GOOGL) down 0.58%, Amazon (AMZN) down 0.5%, Nvidia (NVDA) down 0.75%, Tesla (TSLA) down 0.98%, and Meta (META) down 0.25%.

Bedrock (BR) is now live on Binance Alpha. Users holding at least 241 Binance Alpha points can claim an airdrop of 225 BR tokens on a first-come, first-served basis.If the reward pool is not fully distributed, the points threshold will automatically decrease by 5 points every 5 minutes. It is important to note that claiming the airdrop will consume 15 Binance Alpha points, and users must confirm the claim on the Alpha event page within 24 hours, otherwise it will be considered a forfeiture of the airdrop.

According to official news, Gate Alpha officially launched the 37th Hot Coin Trading Competition on May 11 at 16:00 (UTC+8). Users can participate by trading designated hot coins to share a total airdrop reward valued at $110,000.This event features a dual reward mechanism with a 100% winning rate. Users who did not register with an invitation code will receive 1 ordinary blind box lottery chance for every 200 USDT traded, with a total prize pool of approximately $40,000, including iPhone 17 and GT tokens; users who registered with an invitation code will receive 1 premium blind box lottery chance for every 500 USDT traded, with a total prize pool of approximately $70,000, with prizes including iPhone 17 Pro Max and high-value GT tokens. All rewards are distributed in real-time and are available until exhausted.Gate Alpha now supports popular public chains such as SOL, ETH, Gate Layer, BNB Chain, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, and enables seamless trading of all-chain tokens through the contract address search function, facilitating cross-chain trading and allowing users to access all on-chain tokens with one click.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0047%. Among the current mainstream exchanges, the funding rate on Binance is 0.0019%, OKX is 0.01%, Bybit is 0.0067%, and Gate is 0.0036%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0022%. Among the current mainstream exchanges, the rate on Binance is 0.0026%, OKX is 0.01%, Bybit is 0.005%, and Gate is 0.0072%.