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According to The Block, Bitcoin mining company turned AI infrastructure firm IREN Limited has reached a strategic partnership with NVIDIA to accelerate the deployment of next-generation AI data centers.The two parties plan to deploy up to 5 gigawatts of NVIDIA DSX architecture AI infrastructure within IREN's global data center network, targeting AI-native, startup, and enterprise customers. As part of the agreement, IREN grants NVIDIA warrants to purchase up to 30 million shares at $70 per share over the next five years; if fully exercised, NVIDIA will pay $2.1 billion. NVIDIA founder and CEO Jensen Huang stated that AI factories are becoming the infrastructure of the global economy, and large-scale deployment requires full-stack deep integration.Future deployments will focus on IREN's 2-gigawatt Sweetwater campus in Texas, serving as the flagship project for NVIDIA's DSX architecture. IREN co-CEO Daniel Roberts noted that this collaboration combines NVIDIA's leadership in AI systems with IREN's expertise in power, land, data centers, and GPU operations. IREN's stock price rose over 25% to above $71 in after-hours trading on Thursday.

Coinbase released its first-quarter financial report, recording a net loss of $394.1 million, due to a significant drop in cryptocurrency prices during this period, resulting in substantial losses on the digital assets held on the exchange's balance sheet. The company reported a loss of $482 million on crypto assets held for investment purposes.Coinbase CEO Brian Armstrong remains optimistic, stating that "all finance" will eventually move on-chain, and the company is built to capture this transformation. Armstrong said, "Despite the downturn in the crypto market, the fundamental growth of the on-chain economy remains strong." He also mentioned that Coinbase is transitioning from a "spot-focused crypto platform" to a platform where users can trade a variety of asset classes, including derivatives, commodities, futures, and contracts for predicting market events.In the first quarter of 2025, Coinbase (COIN) recorded a net profit of $66 million. The latest quarter marks Coinbase's second consecutive quarter of net losses, with the previous quarter recording a net loss of $667 million. Coinbase's total revenue for the first quarter of 2026 was $1.41 billion, a 31% decrease compared to the same period in 2025; trading revenue fell 40% year-on-year to $756 million; subscription and services revenue saw a smaller decline, down 14% to $584 million. The first quarter experienced significant volatility in crypto prices, with the market heavily selling off, causing Bitcoin to drop from over $97,000 in January to around $63,000 in early February. By the end of the period, BTC remained below $70,000, dragging down the entire crypto market.Coinbase attempted to downplay the quarterly losses and revenue decline by highlighting some achievements during the quarter, including its global crypto trading market share reaching 8.6%. The company also recorded an adjusted EBITDA of $303 million, down from $930 million in the first quarter of 2025. According to Yahoo Finance, the company's stock price fell about 6% in after-hours trading, to $182 per share.

According to the Nikkei, several major banks and securities companies in Japan plan to issue Japanese government bonds in the form of digital securities and manage them on the blockchain by 2026, enabling 24/7 trading of government bonds.Relevant institutions will introduce yen-denominated stablecoins that can circulate on the blockchain for fund settlement, aiming to reduce settlement costs, accelerate delivery speed, and enhance the efficiency of institutional investors' fund usage. The digital government bond scheme will allow government bonds to circulate outside traditional market trading hours, with relevant infrastructure and system design being jointly promoted by financial institutions.

According to Bloomberg, Poland's largest digital asset trading platform Zondacrypto has stated that it is on the verge of bankruptcy after attracting approximately $100 million in deposits from Polish users and has stopped providing services for customer accounts.The Polish national prosecutor's office has launched an investigation into suspected fraud against it. The report notes that Zondacrypto is registered in Estonia, and its bankruptcy crisis is putting political pressure on Donald Trump's allies in the Polish presidential office.

Adeniyi Abiodun, co-founder of Mysten Labs, stated during Consensus 2026 that the Sui network has processed over $1 trillion in stablecoin transactions since last year and plans to launch zero-fee stablecoin transfers and privacy payment features.Abiodun expressed that Sui aims to become "the default network for future capital flows," noting that the current traditional cross-border payment systems have excessively high fees; for example, transferring $100 to Nigeria may incur a $35 fee. The future financial system should not be completely transparent like social media, and users need stronger privacy protection capabilities.Sui is developing a storage layer that supports the intent of crypto transactions to accommodate AI Agent-driven automated payments and future refund and fraud handling mechanisms. Additionally, Sui is currently testing quantum-resistant signature technology on its testnet, aiming to complete deployment before the EU's quantum security requirements are implemented by 2030.Abiodun also expressed willingness to coordinate with the Bitcoin ecosystem and open-source related research. However, Sui has recently faced challenges with technical stability, as its mainnet experienced several hours of downtime in January 2026. The current price of SUI is approximately $0.99, down about 81% from its historical high of $5.35 set in 2025.

The trading platform Aster announced that at 18:00 Beijing time today (10:00 UTC), it will launch the U-based perpetual contract (AGTUSDT) for Alaya AI (AGT).It is reported that to coincide with the launch of the new contract, Aster will simultaneously open a trading reward event from May 7 to May 14. During the event, AGTUSDT contract trading will enjoy a 1.2 times bonus, and participating users will share a total prize pool of $50,000 in ASTER based on their proportion of generated transaction fees. The participation condition is that the transaction fee must be greater than $5, and the individual reward cap is 3% of the total prize pool.According to reports, Alaya AI is an open Web3 data sampling and automatic labeling AI infrastructure driven by a decentralized community, aimed at transforming data into on-chain user-owned assets.

According to crypto analyst @SpecterAnalyst, Binance US suddenly announced the listing of the small-cap meme coin USDUC, with suspected insiders profiting over $417,000 from it.According to on-chain information, multiple wallets received funds from Kraken, MEXC, and Coinbase hours before the announcement, buying USDUC at a low price in the early session and realizing huge profits ranging from $45,000 to $137,000 through the favorable listing. Additionally, according to GMGN market information, the current market capitalization of USDUC is reported at $16.94 million, with a 24-hour trading volume reaching $24.1 million.

According to the official announcement, Upbit will launch the B3 Korean Won trading pair.

UPBIT will launch the KRW trading pair for B3 on May 7, 2025, at 13:45. Users should note that deposits must be made using the designated network B3-Base, and during the first 5 minutes after trading support begins, buy orders will be restricted, and all non-limit orders will be restricted for the first 2 hours.

According to on-chain analyst Ai Yi's monitoring, the whale nemorino.eth has started a new round of trading.12 hours ago, during the market decline, he bought 2,091.43 ETH on-chain at an average price of $2,386.78, worth $5 million. Currently, the ETH has been deposited in Spark to earn interest.

According to the official announcement, Bithumb will launch the EDGEX KRW trading pair.

According to BBX data, yesterday Wall Street institutions made a significant breakthrough in retail crypto layout, and today the dual verification point of the earnings season is approaching. The core dynamics are as follows:Morgan Stanley (NYSE: $MS) disclosed via Bloomberg on May 6 that its ETrade platform officially launched a pilot for crypto spot trading, with a fee structure of 50 basis points per transaction amount, lower than Coinbase (retail rates vary by tier and payment method, potentially exceeding 50 basis points), Robinhood (approximately 100 basis points, according to media estimates), and Charles Schwab (75 basis points); initially supporting three major assets: BTC, ETH, and SOL, with liquidity, custody, and settlement services provided by Zerohash; the pilot is currently aimed at a select group of users, with plans to open to all 8.6 million ETrade customers by the end of 2026. Head of Wealth Management Jed Finn characterized this move as "reverse disruption of disruptors," and Morgan Stanley is simultaneously advancing its application for a national trust bank license to achieve self-custody, with plans to launch Ethereum and Solana spot ETFs.Coinbase Global, Inc. (NASDAQ: $COIN) will release its Q1 2026 earnings report after the market closes today (May 7), with the earnings call scheduled for 2:30 PM (PT); analyst consensus expects Q1 revenue of approximately $1.5 billion (a year-on-year decrease of about -26%), and EPS of about $0.23---$0.36 (a significant decline from $1.94 in the same period last year); the relative resilience of subscription and service revenue (including stablecoins, custody, and staking) will be the core metric of most interest today.Block, Inc. (NYSE: $XYZ) will release its Q1 2026 earnings report after the market closes today (May 7), with an earnings call at 2:00 PM (PT); analyst consensus expects revenue of approximately $6.04 billion to $6.11 billion (a year-on-year increase of +5.79%), and EPS of $0.68 (an increase of about 21% from approximately $0.56 in the same period last year); consensus for Bitcoin ecosystem revenue is expected to be about $2.11 billion (down from $2.30 billion in the same period last year); Evercore ISI maintains an "Outperform" rating with a target price of $96 (implying about 35% upside from the current stock price of $70.92), focusing on the recovery progress of the fundamentals of the two major business lines, Square and Cash App.

The U.S. Securities and Exchange Commission (SEC) announced that it has filed lawsuits against 21 individuals, accusing them of participating in a nearly decade-long cross-border insider trading scheme, allegedly profiting millions of dollars illegally by using undisclosed material information leaked by several international law firms.The SEC pointed out that Los Angeles mergers and acquisitions lawyer Nicolo Nourafchan and his partner Robert Yadgarov organized and operated this insider trading network. Nourafchan is accused of stealing significant non-public information related to more than 12 corporate merger transactions from his law firm clients and leaking it to other participants, who then profited from the trades and returned a portion of the earnings. The SEC also stated that the two recruited another corporate lawyer to continue obtaining and disseminating more merger insider information for trading.The SEC stated that this enforcement action reflects its determination to "combat large-scale insider trading networks and hold the entire leak chain accountable." Meanwhile, the Massachusetts Attorney General's Office has filed criminal charges against all individuals involved. Regulatory agencies from multiple countries, including the FBI, the UK's FCA, and Switzerland's FINMA, are also assisting in the investigation.

According to The Block, Kraken has launched CFTC-regulated crypto spot margin trading services for U.S. retail users just days after its parent company acquired the Bitnomial derivatives platform.Such products have largely been unavailable to U.S. retail users, forcing them to turn to offshore platforms. Kraken stated that users can use their crypto assets as collateral for trading with up to 10 times leverage without having to sell them.This launch follows the announcement made on Monday that Kraken's parent company Payward has completed the acquisition of Bitnomial. Bitnomial is a Chicago-based crypto derivatives exchange that holds licenses as a matching entity, contract party, and clearinghouse issued by the CFTC.Payward stated that this acquisition will ultimately enable it to offer regulated spot margin, perpetual futures, and options products to U.S. users. This move also strengthens Kraken's position in regulated derivatives infrastructure in preparation for a potential public listing.Payward has submitted a confidential S-1 registration draft to the U.S. Securities and Exchange Commission (SEC) in November. The trading platform is also continuing to expand its institutional and derivatives business in the UK and Europe following its $1.5 billion acquisition of NinjaTrader in March 2025.

According to official news, Coinbase will launch KAIO (KAIO) spot trading on May 6. If liquidity conditions are met and trading is supported, the KAIO-USD trading pair will open later today.

According to the official announcement, the Binance Wallet is launching the "On-Chain Trade & Win Campaign" for the third quarter starting today.The registration period is from May 6, 2026, 12:00 to May 21, 2026, 4:00 (UTC), and the competition period is from May 7, 2026, 4:00 to May 21, 2026, 4:00 (UTC). Users need to register with the Binance Wallet and participate in on-chain trading, with trading tokens based on the BSC or SOL chain, and the trading pairs must include USDT, USDC, USD1, U, BNB, WBNB, SOL, or WSOL.Rewards will be distributed based on the PnL rankings achieved during the competition period, with the top 50 users eligible for BNB or SOL rewards.

According to Bloomberg, Morgan Stanley is piloting cryptocurrency trading services on its E*Trade platform, charging a fee of 50 basis points on each crypto transaction based on the transaction amount, which is lower than major competitors like Coinbase, Robinhood, and Charles Schwab.Approximately 8.6 million E*Trade customers are expected to have access to this feature by the end of the year. The report noted that Morgan Stanley has been continuously expanding in the crypto space over the past year, having launched the lowest-fee Bitcoin ETF, plans to launch Ether and Solana ETFs, and applied for a national trust bank license to provide digital asset custody, with future support for institutional clients trading tokenized stocks.

According to official news, the AI-driven stock and cryptocurrency futures trading platform Stockcoin.ai has completed its seed round financing, led by Amber Group, with participation from angel investors in both the crypto and traditional finance sectors. The platform focuses on bridging on-chain data with the stock market.According to the disclosure, Stockcoin.ai will subsequently launch Hong Kong IPO subscription and US Pre-IPO features.