Binance News

The U.S. labor market delivered a stronger-than-expected performance in April, adding 115,000 jobs and nearly doubling economist forecasts of 62,000 — a result that steadied markets and kept Bitcoin above the $80,000 level as traders assessed the implications for Federal Reserve policy.
What you need to know
The April jobs report beat expectations by a wide margin, with 115,000 nonfarm payrolls added versus the 62,000 forecast. Bitcoin traded at $80,200 in the minutes following the release, roughly flat over 24 hours. The report arrives as the Senate prepares to confirm Kevin Warsh as the next Federal Reserve chairman, replacing Jerome Powell later this month.
Jobs report breakdown: stronger than expected, but cooling from March
The Bureau of Labor Statistics released the April employment data on Friday, showing the economy added 115,000 jobs during the month — well above the consensus forecast of 62,000. However, the figure marks a step down from March's revised total of 185,000 (originally reported as 178,000), suggesting the labor market remains resilient but is gradually moderating.
The unemployment rate held steady at 4.3%, in line with analyst expectations.
How markets reacted: Bitcoin steady, stocks and bonds move
Bitcoin was trading at $80,200 in the immediate aftermath of the release, holding roughly flat over the prior 24 hours. Risk appetite was visible across other asset classes: U.S. stock index futures extended earlier gains, with the Nasdaq 100 rising 0.9%. The 10-year Treasury yield slipped 2 basis points to 4.37%, reflecting modest demand for safe-haven bonds even as the jobs data came in strong.
Why the jobs report matters for Fed policy right now
The April employment data lands at an unusually sensitive moment for U.S. monetary policy. Last week, the Federal Reserve held its benchmark fed funds rate unchanged at 3.50%–3.75% — a decision that extended the Fed's holding pattern as policymakers balance slowing economic growth against inflation that has proven stubborn.
The central bank is also in the middle of a leadership transition. Kevin Warsh is expected to be confirmed by the Senate as the new Federal Reserve chairman later this month, taking over from Jerome Powell. Markets will be watching closely for any early signals about how Warsh intends to approach the rate path, particularly if incoming data — like today's jobs report — continues to complicate the inflation versus growth trade-off.
Oil prices and inflation remain a wildcard
Adding to the complexity, energy markets remain unsettled. Oil prices have pulled back from recent highs but remain elevated, with ongoing uncertainty around the Strait of Hormuz keeping traders on edge. Persistently high crude prices carry a dual risk for the economy: they can feed directly into headline inflation while simultaneously weighing on consumer spending and broader economic activity — two dynamics that make the Fed's job harder regardless of who is chairing the institution.
What it means for Bitcoin
For Bitcoin, a stronger-than-expected jobs market is broadly positive in the near term. A resilient labor market reduces immediate recession fears, supports risk appetite, and keeps the broader macro environment constructive for speculative assets. The flat price reaction — BTC holding above $80,000 rather than selling off — suggests the market digested the report as a neutral-to-positive development.
The bigger variable for crypto in the weeks ahead will be how Warsh's Fed signals its intentions on rates. A more hawkish tilt at the central bank could strengthen the dollar and weigh on risk assets including Bitcoin, while a dovish or data-dependent stance could provide further tailwinds for the current rally.

On May 08, 2026, 17:27 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 80,000 USDT benchmark and is now trading at 80,004.882813 USDT, with a narrowed 0.59% increase in 24 hours.

At the Consensus Miami 2026 conference, Binance founder and former CEO, Changpeng Zhao (CZ), said YZi Labs currently allocates 70% of its capital to blockchain, 20% to AI, and 10% to biotechnology.He linked the future of BNB Chain to the rise of AI agents, arguing that blockchains must become “AI-ready” to support agentic payments and AI tool protocols such as MCP.According to CZ, AI agents will increasingly need to transact autonomously with other agents for cross-border services, subscriptions, bookings, and microtransactions — areas where traditional payment infrastructure falls short.CZ emphasized that blockchain is the most native payment layer for AI-driven interactions.On RWA, CZ noted that although he viewed the sector as overvalued a year ago, he has since changed his perspective and now believes real-world assets are both legitimate and currently undervalued.

U.S.-listed spot Bitcoin ETFs ended a five-day inflow streak on Thursday, logging $277.5 million in net outflows as Bitcoin dropped below the $80,000 level amid sharp intraday volatility. The reversal marks the first day of outflows in May and snaps a run that had accumulated nearly $1.7 billion in net inflows since late April.What you need to knowBitcoin ETFs recorded $277.5 million in outflows on Thursday — the first negative flow day in May — ending a five-consecutive-day inflow streak totaling $1.7 billion. Fidelity's FBTC led outflows at $129 million, followed by BlackRock's IBIT at $98 million. Morgan Stanley's MSBT has now gone its entire existence without a single day of outflows since launching on April 8. Bitcoin Stays above $82,000 on Thursday, pushing the Crypto Fear and Greed Index back into "Fear" territory at 38.  Bitcoin ETF flows: who sold and who heldAccording to SoSoValue data, Thursday's $277.5 million in outflows were concentrated at the two largest funds. Fidelity's Wise Origin Bitcoin Fund (FBTC) led the retreat with $129 million in outflows, while BlackRock's iShares Bitcoin Trust ETF (IBIT) followed with $98 million leaving the fund. Together, the two market leaders accounted for the vast majority of the day's negative flows.Two funds bucked the trend. The Grayscale Bitcoin Mini Trust ETF (BTC) recorded modest inflows, as did the Morgan Stanley Bitcoin Trust ETF (MSBT) with $7.3 million — continuing what has become a remarkable unbroken inflow streak for the newest major entrant in the space.Morgan Stanley's Bitcoin ETF: no outflows since launchThe Morgan Stanley Bitcoin Trust ETF has not recorded a single day of outflows since its debut on April 8, 2026 — making it the standout performer during Thursday's broader retreat. MSBT has accumulated 2,920 BTC since launch, worth approximately $232.6 million at current prices, representing a 557% increase in assets under management since its first trading day.  The fund's resilience is notable given that Morgan Stanley's MSBT was the first spot Bitcoin ETF launched by a U.S. bank — a milestone that appeared to attract a loyal and sticky investor base from the institutional and wealth management channels the bank serves.What triggered the outflow reversal: BTC's sharp dropThe catalyst for the ETF flow reversal was a steep intraday correction in Bitcoin itself. BTC climbed above $82,000 on Wednesday — its highest level since late January — before retreating sharply and falling below the psychologically significant $80,000 level on Thursday. The move caught leveraged and short-term traders off-guard and appears to have prompted profit-taking among some ETF holders who had been riding the week's earlier gains.Canton Network ETF debuts on NasdaqThursday also saw the Nasdaq debut of the 21Shares Canton Network ETF (TCAN), the first U.S.-listed ETF designed to offer direct exposure to Canton Coin, the native utility token of the Canton Network. TCAN closed its opening session at $24.66, slightly below its initial price of $24.76, according to Nasdaq data. Canton Coin itself slipped 1.7% on the day to $0.145, reflecting the broader cautious tone across crypto markets.Fear and Greed Index slips back into fearThe day's negative price action pushed the Crypto Fear and Greed Index to 38 on Friday, returning the sentiment gauge to "Fear" territory after it had briefly recovered to "Neutral" the previous session. Despite the pullback, the index remains substantially above its April average of 17 — a period when Bitcoin was trading roughly 11% lower than current levels. The reading suggests that while short-term sentiment has softened, the medium-term shift in market mood since April's lows remains largely intact.What to watch nextThe key question for Bitcoin ETF flows in the coming days is whether Thursday's outflows represent a one-day correction or the start of a more sustained reversal. The five-day inflow streak that preceded it — totaling $1.7 billion — reflected genuine institutional demand. But with Bitcoin now back below $80,000 and the Fear and Greed Index retreating, the near-term trajectory of both price and flows will depend heavily on whether BTC can reclaim and hold the $80,000 level as support.

Wall Street's most speculative options binge in history is sending mixed signals to crypto markets. The surge in bullish S&P 500 bets is lifting Bitcoin — but the same frenzied momentum that's driving stocks higher could trigger a sharp reversal across all risk assets.
Key takeaways
Record S&P 500 call options volume — $2.6 trillion in a single day — signals an unprecedented surge in speculative risk appetite on Wall Street.Bitcoin benefits directly: its positive correlation with U.S. equities means a rising stock market has already helped lift BTC from under $70,000 to $80,000 since early April.The same speculative frenzy is a warning sign. Overcrowded bullish positioning leaves all risk assets — including crypto — exposed to sharp, sudden reversals.
What happened: a record-breaking day for S&P 500 call options
On Wednesday, U.S. equity derivative exchanges recorded a single-day notional volume of $2.6 trillion in S&P 500 call options, according to data tracked by Zero Hedge. That figure accounted for 60% of all S&P 500 options activity — meaning bullish bets overwhelmingly dominated the market.
To put the scale in perspective: $2.6 trillion nearly matches the entire crypto market's combined capitalization of $2.73 trillion — the aggregate value of thousands of cryptocurrencies, with Bitcoin accounting for the largest share. In a single trading session, Wall Street placed directional bets roughly equivalent to the worth of all digital assets on earth.
A call option gives a trader the right to buy the index above a specified price before expiration — in simple terms, it's a bet that stocks will go up. The sheer scale and one-sided nature of Wednesday's activity suggests the market is not just optimistic; it is aggressively chasing upside.
Why this matters for Bitcoin: the S&P 500–BTC correlation
Bitcoin doesn't operate in a vacuum. Over the past several years, analysts have repeatedly documented a positive correlation between BTC and U.S. equity indices — when stocks rise, crypto tends to follow, and vice versa.
That dynamic has been on full display recently. Double-digit gains in the S&P 500 and Nasdaq since early April directly contributed to Bitcoin's rally from under $70,000 to above $80,000 over the same period.
QCP Capital on BTC breaking $80,000: "After a solid April, BTC has begun May on firm footing, breaking above $80k for the first time since January 31. The move appears aligned with equities, reinforcing a broader trend as BTC's correlation with U.S. stocks climbs back toward 2023 levels, signaling a renewed linkage with risk assets broadly."
In this context, a speculative surge in the S&P 500 driven by record call options volume is, on the surface, a bullish signal for Bitcoin. More risk appetite on Wall Street historically means more capital flowing into high-beta assets — and few assets are higher beta than cryptocurrency.
The bullish case vs. the hidden risk
Bullish for Bitcoin
Record speculative appetite in equities historically spills over into crypto. BTC's rising correlation with U.S. stocks means continued stock market strength could push prices higher.
Risk to watch
Overcrowded bullish positioning is a classic contrarian warning sign. A sudden stall in equity momentum could trigger forced selling across stocks and crypto simultaneously.
 Signs of speculative excess: what analysts are warning
The record call options volume has not gone unnoticed. Across financial social media, traders and analysts flagged Wednesday's activity as a sign of an overcrowded trade. When market positioning becomes too one-sided — in this case, overwhelmingly bullish — the market grows increasingly fragile. Any stall in upward momentum can trigger a rapid unwind as traders rush to exit simultaneously.
Goldman Sachs analysts were cited in multiple media reports describing current market conditions as a "semi-irrational chasing mode" — widely interpreted as a reference to the semiconductor-driven surge powering the Nasdaq higher.
Semiconductor stocks are at the center of this dynamic. The bullish momentum in the Nasdaq-listed PHLX Semiconductor Sector index (SOX), as measured by the 14-week relative strength index (RSI), has reached its strongest level since 1999 — the height of the dot-com bubble — according to TradingView data. That's a historically significant warning signal about the sustainability of the current rally.
What it means for Bitcoin investors
For Bitcoin holders and traders, the current environment is a double-edged sword. The same speculative energy that has helped push BTC above $80,000 is concentrated in equity markets in a way that has historically preceded sharp corrections. If the S&P 500 call options frenzy unwinds — whether due to disappointing earnings, macro data, or simple exhaustion — the resulting volatility in stocks is likely to hit crypto markets hard given the strengthening correlation.
The near-term outlook therefore hinges on whether Wall Street's risk appetite can sustain itself at current extremes — or whether the record options binge marks the peak of the current speculative cycle.

Radio recordings have revealed that two Iranian oil tankers, SEASTARIII and SEVDA, were attacked near the Strait of Hormuz on the 8th. According to NS3.AI, the recordings suggest that Iranian personnel reported the attacks and sought assistance from nearby Iranian forces. Analysts are examining the situation to understand the implications of these incidents.

Meme coins are emerging as the frontrunners in the altcoin season rotation, with Whaleportal's Meme Season Index reaching 80%, indicating strong sector performance. According to BeInCrypto, the meme coin sector has risen approximately 7% over the past seven days, outperforming Bitcoin. Notably, Pepe (PEPE), Pudgy Penguins (PENGU), and Bonk (BONK) are positioned for potential gains. PEPE is consolidating within a rising channel, PENGU is forming a bullish pole and flag pattern, and BONK is nearing a breakout from a cup and handle formation.

Sentora reports that 43.7% of the market capitalization of active real-world assets (RWAs) on Solana is utilized as collateral in decentralized finance (DeFi) lending markets. In contrast, only 6.1% of Ethereum's RWAs are used for the same purpose. According to NS3.AI, this disparity indicates that Solana's RWAs are more engaged in credit markets, while Ethereum's RWAs remain relatively inactive.

Retail stablecoin card spending has experienced substantial growth, according to John Timoney, head of strategic partnerships at Rain. Speaking at Consensus Miami 2026, Timoney noted that the spending increased by approximately 105% to 106% over the past year. Despite this growth, Ray Hernandez, senior vice president of business development at Consensys, highlighted that stablecoin cards still represent less than 1% of global card spending.

On May 8, U.S. Treasury yields and the dollar experienced a slight decline as the market held hope for easing tensions in the Middle East. According to Jin10, investors are also anticipating the release of U.S. non-farm employment data. Tickmill analyst Joseph Dahrieh noted in a report that as the market expects geopolitical tensions to cool and the Middle East to potentially move towards an agreement, the demand for safe-haven assets may weaken, putting continued pressure on the dollar. Despite recent tensions in the Strait of Hormuz, U.S. President Donald Trump reaffirmed that the ceasefire remains effective, which has contributed to the dollar's decline. However, Dahrieh pointed out that the current situation remains fragile, and market sentiment could change rapidly.

The Senate Banking Committee may soon review the CLARITY Act, according to PANews. Crypto journalist Eleanor Terrett reported that multiple industry sources have revealed that the committee could notify members as early as tomorrow about the review. Draft legislation has been distributed to some industry members, with a vote expected next Thursday. Sources indicate that the language of the draft is still being finalized, with additional revisions anticipated to reflect the priorities of Democratic offices. After reviewing the act and coordinating with industry leaders, one source noted that the overall atmosphere is currently positive, although certain clauses in parentheses have raised concerns. Some key provisions previously thought to be resolved may still be subject to change.

Block, the payments firm led by Jack Dorsey, experienced a 7.9% rise in after-hours trading following its first-quarter earnings report, which exceeded analyst predictions despite marking its first loss in three years. According to Cointelegraph, Block's earnings reached 85 cents per share, surpassing the Zacks consensus estimate of 68 cents per share. This positive earnings surprise of 25.68% led to an increase in Block's share price to $75.70 after hours, as reported by Google Finance.The company has consistently outperformed consensus EPS estimates in two of the last four quarters. A significant focus for Dorsey has been expanding Bitcoin's use in the payments sector, aligning with Satoshi Nakamoto's vision of Bitcoin as a peer-to-peer electronic cash system. By late April, Block reported that over 800,000 U.S.-based merchants had enabled Bitcoin transactions for everyday purchases. Despite the earnings beat, Block reported its first quarterly loss since 2023, attributed to a 23.8% decline in Bitcoin's price over the three-month period. The net loss for Q1 was $309 million, including a $172.8 million Bitcoin remeasurement loss on the 8,883 Bitcoin held as of March 31. Bitcoin revenue from Cash App and other Block products decreased to $1.8 billion from $2.33 billion a year ago, which Block attributed to 'Bitcoin trading dynamics' and a strategic decision to reduce fees on certain Bitcoin transactions via Cash App.Despite these challenges, Block's Q1 gross profit rose by 27% to $2.9 billion, driven by net sales minus the cost of goods sold. Bitcoin payments in Cash App contributed $63 million to Block's gross profit, while Square had no significant impact on Block's Bitcoin business. Sean Emory, founder and chief investment officer of Avory & Co., noted that Block had a strong quarter, having 'beat and raised' its guidance. The quarter also saw a restructuring overhaul in late February, with Dorsey announcing about 4,000 staff cuts, representing roughly 40% of the company's workforce, as part of a plan to increase reliance on AI for greater operational efficiency. Consequently, Block's operational expenses rose by 57.2% year-on-year to $3.08 billion in Q1.In late April, Block expanded its Bitcoin offerings by launching a proof-of-reserves for its corporate Bitcoin treasury and allowing users to confirm Bitcoin balances on Cash App and Square, aiming to enhance transparency with its customers. Additionally, Block introduced a Bitkey hardware wallet with a touchscreen for transaction verification and a new Cash App feature enabling certain users to automatically convert payments into Bitcoin. The company also began offering 5% Bitcoin cash back rewards for Square merchants and increased customer withdrawal limits to $10,000 per day and $25,000 per week, furthering Dorsey's efforts to integrate Bitcoin into everyday payments.

TeraWulf has announced a net loss exceeding $427 million for the first quarter of 2026, with AI compute generating 60% of its $34 million revenue, surpassing Bitcoin mining. According to NS3.AI, the company's Bitcoin mining revenue experienced a 50% decline quarter over quarter, amounting to approximately $13 million. Paul Prager and Patrick Fleury highlighted that the contracted AI compute revenue is expected to reduce the company's exposure to the volatility associated with Bitcoin mining.

Bitmine is considering reducing its Ethereum acquisitions as it nears its goal of owning 5% of the asset's supply, according to Tom Lee. The company is currently purchasing approximately 100,000 ETH weekly and is expected to achieve this target within six weeks. Bitmine's holdings currently exceed 5.1 million ETH.

Telegram has officially replaced the TON Foundation as the primary force behind The Open Network (TON), with founder Pavel Durov confirming that the messaging platform will become the chain’s largest validator. According to BeInCrypto, this move is part of Durov’s “Make TON Great Again” initiative, positioning Telegram at the core of TON’s infrastructure. Toncoin (TON) responded by rallying over 100%. The shift signals Telegram's deeper commitment to the network, potentially anchoring a billion-user crypto economy. Telegram's vast user base offers TON a distribution advantage, with plans for transactions, payments, and mini-app services to settle on the network.

According to Foresight News, U.S. Federal Reserve Board member and Chair of the Financial Stability Board, Lisa Cook, addressed the Central Bank of West African States (BCEAO) digital asset conference, highlighting that the market value of U.S. tokenized assets has doubled over the past year to approximately $25 billion. This growth has been primarily driven by the entry of large financial institutions.
Cook expressed support for tokenization innovation, noting its potential to enhance collateral management efficiency, reduce settlement times, and broaden market access, particularly benefiting emerging economies. However, she also cautioned about two types of risks: first, some tokenized assets offer on-demand redemption, but the underlying assets may have low liquidity, posing a risk of runs, with 24/7 trading potentially accelerating such events. Second, the increasing interconnection between tokenized assets and traditional financial markets could lead to simultaneous transmission of shocks across both systems.

Cook emphasized that tokenization is not a replacement for traditional market infrastructure but rather an integration with existing systems to improve overall efficiency.

A recent survey conducted by the Federal Reserve indicates that geopolitical risks have become the primary concern among respondents in the spring 2026 survey, rising from second place in the fall 2025 survey. According to Jin10, artificial intelligence has climbed from fifth to third place in terms of perceived risk. Additionally, private credit has moved up from ninth to fourth place, while inflation and monetary tightening have dropped from third to fifth place.

Nvidia CEO Jensen Huang praised a new partnership with Corning, describing it as a significant opportunity to rebuild the U.S. technology supply chain. According to Odaily, Huang emphasized the need for extensive optical connections in next-generation AI infrastructure due to rapidly increasing computational demands that copper wires can no longer meet.
Huang stated, "We will expand the use of optical technology on an unprecedented scale, and frankly, no optical company has ever operated at this scale."
He also noted that the benefits of the current wave of AI investments extend beyond tech companies. The AI industry is driving demand for electricians, construction workers, chip manufacturing employees, and data center infrastructure experts, demonstrating the widespread economic impact of this development.

The Federal Reserve has released a report highlighting five key risks that threaten the stability of the U.S. financial system. According to Jin10, these risks include geopolitical tensions, oil price shocks, advancements in artificial intelligence, private credit markets, and ongoing inflation coupled with monetary tightening. The report underscores the potential impact of these factors on the financial landscape, urging stakeholders to remain vigilant in monitoring developments.

Chainlink whales and sharks have significantly increased their holdings over the past month. According to ChainCatcher, Cointelegraph cited data from Santiment indicating that addresses holding between 100,000 and 10 million LINK have collectively added 32.93 million LINK to their portfolios, marking a 7.7% increase. Historically, such accumulation is often seen as a bullish signal, suggesting potential price increases.

Ondo Finance's token ONDO experienced a significant rise, increasing approximately 68% over the week to reach $0.45. According to NS3.AI, this surge followed the Depository Trust & Clearing Corporation (DTCC) unveiling timelines for its tokenization service, which includes Ondo Finance in an industry working group. Additionally, ONDO saw a 29% increase in the past 24 hours. This upward movement occurred after Ondo, Kinexys by J.P. Morgan, Mastercard, and Ripple announced the completion of a near real-time cross-border redemption of a tokenized U.S. Treasury fund.

SEC Chair Paul Atkins has proposed that the agency should engage in notice-and-comment rulemaking to clarify the application of exchange, broker, and clearing agency definitions to onchain trading systems. According to NS3.AI, Atkins highlighted that software applications and crypto vaults do not align well with existing regulatory categories, as a single protocol can integrate trading, collateral management, liquidity routing, and settlement. His remarks come after a staff statement last month indicated that interfaces like DeFi wallets would typically not be classified as brokers.

This week's Crypto Biz roundup highlights a shift in institutional demand within the cryptocurrency market. According to NS3.AI, U.S. spot Bitcoin ETFs have attracted nearly $1 billion in inflows, indicating a growing interest beyond retail investors. Additionally, the roundup covers Kalshi's institutional block trade, a16z crypto's successful $2 billion fundraising, and the Tennessee Bankers Association's Stablecore agreement involving approximately 175 banks.

Anthropic has entered into a significant computing agreement with Akamai, valued at $1.8 billion. According to Jin10, this collaboration aims to enhance Anthropic's computing capabilities, leveraging Akamai's extensive infrastructure. The agreement marks a substantial investment in AI technology, reflecting the growing demand for advanced computing resources in the industry.

Japan's major banks and securities firms are advancing plans to establish a 24-hour, 365-day trading mechanism for Japanese government bonds by 2026. According to Odaily, the initiative aims to transition government bonds into digital securities. The plan involves migrating the registration and management of Japanese government bonds to a blockchain-based distributed ledger system, enabling issuance and circulation to be processed on-chain. Additionally, a stablecoin system will be introduced at the settlement layer to facilitate low-cost, high-speed fund clearing without traditional banking intermediaries, enhancing institutional investors' fund utilization efficiency. This move will allow bonds and other traditional securities to be issued and traded as digital securities on-chain, driving the Japanese government bond market towards an always-on, programmable financial infrastructure.

Strategy's MSTR stock is showing potential for a substantial rally, possibly exceeding 80% in the coming months, despite reporting a $12.54 billion net loss in the first quarter of 2026. According to Cointelegraph, the stock is forming an ascending triangle pattern, suggesting a move toward the $350 level. This technical setup indicates a bullish reversal, with MSTR trading within an ascending triangle, characterized by higher lows beneath a flat resistance zone. These higher lows suggest increasing buyer confidence, as each pullback ends sooner than before, indicating early buyer intervention.

The ascending triangle pattern typically resolves when the price breaks above the upper trend line, potentially rising by the structure's maximum height. Applying this rule to MSTR's chart suggests an upside target of around $350 in 2026, aligning with the 0.236 Fibonacci retracement line. Analyst Kevin Fx has also noted the possibility of MSTR rallying to the $250–$300 range, citing an inverse-head-and-shoulders pattern. However, a pullback from the ascending triangle's upper trendline could lead to a multi-week downtrend toward the lower trend line at approximately $150, with a breakdown below this level risking the invalidation of bullish setups.

In a related development, Canaccord, a prominent Canadian investment bank, has raised its MSTR price target to $224 from $185, maintaining its Buy rating. The bank highlighted MSTR's 80% rebound since February, attributing it to Bitcoin's recovery from near $60,000 lows to above $80,000. Canaccord also emphasized Strategy's preferred-share financing model, such as STRC, as a key factor in its resilience. This model allows the company to raise capital for Bitcoin purchases without heavily relying on new common-stock issuance, which can dilute existing shareholders. Instead, preferred stock provides an alternative funding method for Strategy's Bitcoin accumulation strategy, reducing pressure on its core equity.

Despite the significant Q1 loss, Strategy has increased its Bitcoin exposure, purchasing 89,599 BTC in the first three months of 2026, bringing its total holdings to 818,334 BTC at an average cost of $75,537. The company's BTC-per-share metric also rose 18% year-over-year, indicating added value to each MSTR share alongside the growth of its Bitcoin balance sheet.

Bitcoin holders are increasingly taking profits following the recent rally, according to CryptoQuant. Despite the profit-taking, a market correction may still take time to materialize, suggesting that the current bullish sentiment could persist for a while longer. CryptoQuant's analysis highlights the ongoing dynamics in the Bitcoin market, where investors are capitalizing on gains while remaining cautious about potential future price adjustments.

SOL has surpassed the 90 USDT mark, according to Odaily. The current price is 90.01 USDT, reflecting a 24-hour increase of 1.98%.

Cloudflare, a U.S. cybersecurity services company, has announced plans to lay off approximately 20% of its workforce, which equates to over 1,100 employees, according to Reuters. The company's CEO, Matthew Prince, stated that the restructuring is aimed at adapting to the era of AI tools, with a redesign of each team and function. According to PANews, Cloudflare has reported a more than sixfold increase in its AI usage over the past three months. The layoffs are part of an internal process and role redesign, rather than being driven by employee performance or short-term cost pressures. Cloudflare anticipates second-quarter revenue to be between $664 million and $665 million, slightly below analysts' expectations of $665.3 million. Despite exceeding expectations for first-quarter revenue and profit, the company's stock fell by approximately 19% in after-hours trading.

Bitcoin encountered difficulties in surpassing the $80,000 mark during Friday's Wall Street opening, following the release of April's nonfarm payroll figures. According to NS3.AI, the Bureau of Labor Statistics reported that nonfarm payrolls increased by 115,000, exceeding the anticipated 65,000. The unemployment rate remained steady at 4.3%. The CME Group’s FedWatch Tool indicated expectations for a possible interest rate hike at the Federal Reserve's meeting on June 17. Despite the challenges, some traders viewed the retest as a constructive support level for Bitcoin.

The US stock market climbed on Friday, driven by a robust April jobs report and advancements in US-Iran peace negotiations, according to BeInCrypto. The S&P 500 rose 0.78%, nearing record highs, with semiconductors and AI infrastructure stocks leading the rally. April nonfarm payrolls increased by 115,000, surpassing expectations, while unemployment remained at 4.3%. Progress on a US-Iran peace memo, which could ease geopolitical tensions, further boosted risk appetite. Tech stocks outperformed, while healthcare lagged as investors rotated out of defensive sectors.

On May 08, 2026, 09:22 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 80,000 USDT benchmark and is now trading at 80,011.117188 USDT, with a narrowed narrowed 1.34% decrease in 24 hours.

Prediction market platform Kalshi has announced the completion of a new $1 billion funding round, led by Coatue Management, according to Foresight News. The company's valuation has surged to $22 billion, marking its third funding round in seven months. Other investors include Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, and ARK Invest.
Kalshi plans to use the funds to expand its services for enterprise users, including offering more data integration and facilitating larger transactions for trading companies.
Data indicates that Kalshi has approximately 2 million monthly active users, with an annualized trading volume reaching $178 billion, having tripled over the past six months. The platform's annualized revenue has exceeded $1.5 billion.

Aptos Foundation and Aptos Labs have committed $50 million towards the development of the Aptos network, focusing on infrastructure and research for AI agents. According to NS3.AI, this funding will support Decibel and Shelby, two Aptos products related to AI agent trading and storage. Aptos announced that APT will be utilized for transaction burns, accessing advanced AI-agent features, and staking.

S&P Global has projected that Israel's real GDP growth could approach 6% in 2027, driven by a reduction in supply-side pressures as military tensions ease. According to Jin10, the anticipated economic improvement is linked to a more stable geopolitical environment, which is expected to foster better conditions for economic expansion. The forecast reflects optimism about Israel's ability to capitalize on a more favorable supply chain situation and increased economic activity.

Major U.S. stock indexes ended the day with gains, driven by a 1.71% rise in the Nasdaq. According to NS3.AI, the S&P 500 increased by 0.84%, and the Dow Jones edged up by 0.02%.

U.S. President Donald Trump announced a three-day ceasefire between Russia and Ukraine scheduled for the upcoming weekend. Bloomberg posted on X that the agreement also includes a prisoner swap between the two nations. This development marks a significant step towards easing tensions in the region. Details regarding the implementation of the ceasefire and the specifics of the prisoner exchange have yet to be disclosed.

Intel's stock saw a significant increase of 8%, bringing its market capitalization close to $600 billion. According to Odaily, Advanced Micro Devices (AMD) also experienced a nearly 8% rise in its stock value, pushing its market capitalization past $710 billion, marking a new record high.

UFO-themed Solana meme coins experienced significant gains following the Pentagon's release of its first declassified UAP file on Friday. UFOPEPE, a Solana token combining Pepe and UFO imagery, surged by 44.68%, while another UFO Token increased by 30.79%, according to BeInCrypto. The Department of War launched the Presidential Unsealing and Reporting System for UAP Encounters, with ongoing releases planned. Despite the gains, the original UFO Token fell nearly 5%, highlighting speculative flows among similar-themed tokens. Solana remains a hub for narrative-driven trades, with bot activity influencing meme coin venues.

Boston Fed President Susan Collins recently shared insights on inflation and the economic implications of the ongoing conflict in Iran. Bloomberg posted on X that Collins, in an interview with Bloomberg’s Maria Eloisa Capurro, highlighted the challenges posed by inflation and how these are being addressed by the U.S. Federal Reserve. The discussion also touched on the potential changes in the U.S. central bank's approach under the prospective leadership of Kevin Warsh. Collins emphasized the importance of monitoring global events, such as the situation in Iran, which could have significant economic repercussions. The conversation underscored the Fed's commitment to navigating these complex issues while maintaining economic stability.