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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.

"Cathie Wood" posted on the X platform, stating that despite the rise in oil prices over the past three months, the yield curve remains flat, and the Federal Reserve has not monetized this energy shock. The bond market may begin to digest the deflationary effects brought about by AI and technology-driven productivity improvements. Currently, the costs of AI model training and inference have significantly decreased, productivity growth is accelerating, while unit labor costs remain subdued.Although the current market narrative focuses on tariffs, deficits, and structurally high inflation, underlying signals indicate that deflationary forces related to innovation are accumulating. It is expected that inflation may be below expectations in the next 6 to 9 months, which will have profound effects on interest rates and long-term stocks.

According to Lookonchain monitoring, after being silent for 7 months, the wallet Emb5o purchased 67,648 SOL ($6.23 million) and 6.2 million JUP ($1.52 million) in the past 6 hours.

According to Politico, Coinbase, Kraken, and Gemini proposed to lawmakers earlier this year to remove a provision in the digital asset bill that requires cryptocurrency trading platforms to only list "non-manipulable" digital assets. The three exchanges are concerned that this would make it more difficult to list small-cap tokens.This amendment occurred after the Senate Agriculture Committee voted to advance the bill in January. The CFTC has long required exchanges to "self-certify" that the product contracts they list are not easily manipulable, but cryptocurrency companies believe this standard does not apply to the spot crypto market. The three exchanges stated that they have been working with Congress for years to push for comprehensive federal regulation of the digital asset market. Coinbase's Federal Policy Director Robin Cook stated that they hope to ensure consumers are protected by standards suitable for spot trading.

According to the SEC's official website, Paul S. Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), spoke at the AI+ Expo on May 8, expressing the regulatory direction for AI and on-chain financial markets.Atkins stated that the SEC will promote several regulatory initiatives around on-chain markets, including: establishing relevant rules for the definition of "exchanges" for on-chain trading systems; clarifying the applicability of the definitions of brokers and dealers in on-chain activities; delineating the applicable boundaries of the definition of "clearing agencies" for on-chain clearing and settlement activities; and providing regulatory guidance for activities related to "Crypto Vaults."Regarding AI regulation, Atkins emphasized that the SEC will not mandate companies to use specific models but will adhere to its core responsibilities of protecting investors, maintaining market fairness and efficiency, and promoting capital formation, requiring companies to be accountable for the outcomes of the AI tools they deploy.Atkins also urged Congress to promptly send the CLARITY Act to the President for signing, to provide long-term certainty for the digital asset market through legislation, and warned that forcing innovation offshore would repeat the mistakes of FTX, harming the interests of American investors.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0055%. Among the current mainstream exchanges, the rate on Binance is 0.0062%, OKX is 0.0087%, Bybit is 0.0094%, and Gate is 0.0069%.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is -0.0003%. Among the current mainstream exchanges, the rate on Binance is 0.0018%, OKX is 0.0071%, Bybit is 0.0025%, and Gate is 0.0016%.

Payward (the parent company of Kraken) has applied to the OCC for a national trust company license, planning to establish Payward National Trust Company (PNTC). This entity will provide regulated, bank-like digital asset custody and trust services to institutional and individual clients.Previously, Coinbase and Ripple have received conditional approvals for similar licenses, indicating that crypto institutions are accelerating their alignment with the compliant financial system.

Paul Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), stated that the regulatory agency is considering new rules for on-chain financial markets and related software applications.Atkins pointed out that current software protocols such as DeFi are difficult to classify within the traditional regulatory framework of exchanges, brokers, or clearinghouses, as a single protocol often has multiple functions including trade execution, collateral management, liquidity routing, and settlement. His remarks are seen as the SEC adopting a more open attitude towards the crypto industry, which is friendlier compared to his predecessor Gary Gensler. Meanwhile, the SEC is also exploring innovative exemption mechanisms for tokenized securities and advancing the clarification of the digital asset classification system.

According to Jinshi reports, the S&P 500 Index and the Nasdaq Composite Index have risen for the sixth consecutive week, marking the longest winning streak since October 2024.

According to Catcher Predict monitoring, the event "When will Bitcoin reach $150,000?" is currently among the hottest trades on the prediction market Polymarket, with a cumulative pool size reaching $1.836 billion. The option with the highest market consensus is "before December 31, 2026," corresponding to a winning probability of about 9.5%.

According to Jinshi News, Chicago Fed President Goolsbee stated that all interest rate options are on the table, and it is not just about cutting rates. At the end of April, the Federal Reserve kept interest rates unchanged, and three officials opposed the wording in the statement that suggested a possible rate cut next, arguing that the possibility of a rate hike should be retained. Goolsbee's remarks reflect a shift among Federal Reserve policymakers, mainly due to the inflationary pressures caused by the energy price shock resulting from the Iran war. He reiterated that both rate cuts and hikes are being considered and expressed concern about inflation, believing that there are price pressures beyond the energy shock.

According to Jinshi reports, Federal Reserve's Goolsbee stated that stagflation shocks are one of the most difficult situations for the Federal Reserve to handle.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.0003%. Among the current mainstream exchanges, the rate on Binance is -0.0015%, OKX is 0.0071%, Bybit is 0.0028%, and Gate is -0.0014%.

According to market news, Coinbase, Kraken, and Gemini submitted revisions to the U.S. Senate Agriculture Committee, requesting the removal of the provision in the digital asset bill that requires trading platforms to list only tokens that are "not readily susceptible to manipulation."The three companies believe that this provision will increase the difficulty of listing small-cap, low-liquidity tokens and could be used by future CFTC chairs as a tool for tightening regulation. The current draft aims to grant the CFTC broader powers over the spot markets for "digital commodities" such as Bitcoin and Ethereum. The Senate Agriculture Committee has already passed the relevant sections along party lines, and further significant modifications will be made to gain support from the Democrats.

Bitcoin mining company TeraWulf announced its Q1 financial report, showing that its high-performance computing (HPC) business has for the first time surpassed Bitcoin mining revenue, marking a critical stage in the company's transformation towards AI and cloud computing infrastructure.The company's total revenue for Q1 was $34 million, roughly flat compared to the same period last year. Among this, HPC leasing revenue reached $21 million, surpassing the less than $13 million from digital asset mining for the first time, becoming the main source of income. The financial report also indicated that the company's net loss widened to $427.6 million, mainly due to the impact of non-cash warrant revaluation. However, CFO Patrick Fleury emphasized that the company is transitioning from "volatile mining revenue" to "stable long-term computing power contract revenue." Currently, TeraWulf has 60 MW of HPC capacity generating revenue at its Lake Mariner data center in New York and plans to continue expanding within the year. At the same time, the company is transforming part of its mining infrastructure into AI/HPC computing resources to support massive computing power demands. This trend is spreading throughout the industry, with Bitcoin mining companies like Riot Platforms also expanding their revenue structure through data centers and AI contracts, gradually transforming into "computing power infrastructure companies."