<div id="readability-page-1"><div><div><h2>Headline</h2>▌Bitwise Launches Its First Tokenized Crypto Carry Fund USCCOn May 7th, Bitwise announced the launch of its first tokenized crypto carry fund, the Bitwise Crypto Carry Fund (USCC), which is also Bitwise's first tokenized fund. Bitwise stated that all its future funds will be tokenized, and this fund provides market-neutral returns through crypto basis trading, with Superstate continuing to provide underlying technology support. The fund is currently only open to accredited investors.▌US Media Reports US Military Attacks in Southern IranOn May 8th, local time, from the evening of May 7th to the early morning of today (May 8th), multiple explosions were heard near Qeshm Island and Bandar Abbas in southern Iran. Iranian officials have not yet issued an official response regarding the exact cause of the explosions. A Fox News reporter, citing US officials, posted on social media that &#34;the US military has just launched strikes on the Iranian ports of Qeshm and Abbas.&#34; This report has not yet been confirmed by US officials. (CCTV International News) Market Data As of press time, according to CoinGecko data: BTC price is $79,970.17, a 24-hour change of -1.7%; ETH price is $2,289.85, a 24-hour change of -2.5%; BNB price is $636.65, a 24-hour change of -1.6%. SOL price is $88.29, a 24-hour change of -0.9%; DOGE price is $0.1076, a 24-hour change of -4.1%; XRP price is $1.39, a 24-hour change of -2.5%; TRX price is $0.3486, a 24-hour change of +0.6%. WLFI price is $0.07382, a 24-hour change of +10.8%; HYPE price is $42.53, a 24-hour change of -1.2%. Policy The Department of Justice and the U.S. Commodity Futures Trading Commission (CFTC) are investigating at least four transactions involving traders who collectively bet over $2.6 billion on shorting crude oil before prices fell. ABC News obtained data on these four transactions from the London Stock Exchange Group (LSEG). On March 23, 15 minutes before Trump announced a postponement of the planned attack on Iran's power grid, traders bet over $500 million on a drop in oil prices; on April 7, hours before Trump announced a temporary ceasefire, traders bet $960 million on a drop in oil prices; on April 17, 20 minutes before Iranian Foreign Minister Araghchi announced that the Strait of Hormuz would remain open, traders bet $760 million on a drop in oil prices; and on April 21, 15 minutes before Trump announced an extension of the ceasefire, traders placed consecutive bets totaling $430 million on a drop in oil prices. ▌U.S. Central Command: Targeted Strike on Iranian Military FacilitiesOn May 8, U.S. Central Command issued a statement on May 7 local time, stating that a U.S. Navy guided-missile destroyer group intercepted an unprovoked attack launched by Iran while transiting the Strait of Hormuz toward the Gulf of Oman, and immediately took defensive countermeasures. The statement said that when the USS Truxton, USS Rafael Peralta, and USS Mason transited this international maritime passage, Iranian forces launched multiple missiles and deployed drones and small boats. No U.S. assets were hit. U.S. Central Command eliminated the threat of attack and carried out targeted strikes on Iranian military facilities responsible for the attack on U.S. forces, including missile and drone launch sites, command and control centers, and intelligence, surveillance, and reconnaissance nodes. The statement said that U.S. Central Command has no intention of seeking escalation but will remain on high alert and ready to defend U.S. forces at any time. ... (CCTV News) Trump Says US-Iran Ceasefire Remains in Effect On May 8th, according to a post on social media by an ABC reporter on May 7th, US President Trump had just given a phone interview, denying that the US military attack on Iran meant the end of the ceasefire. Trump reportedly stated, &#34;It's just a light tap, the ceasefire is still ongoing, and it remains in effect.&#34; (CCTV International News) Blockchain Applications OpenAI Launches New Model for Cybersecurity Teams On May 8th, OpenAI announced on Thursday that a variant of its latest artificial intelligence model, GPT-5.5-Cyber, is being rolled out in limited preview to vetted cybersecurity teams. This comes a month after its competitor Anthropic attracted attention from investors and government officials with a preview version of Claude Mythos. OpenAI stated that the preview version of GPT-5.5-Cyber ​​is not designed to significantly enhance cybersecurity capabilities, but rather to train it to be more flexible in handling security-related tasks. The company said that with this version specifically designed for the cybersecurity field, audited teams will more easily leverage OpenAI's latest models to handle workflows such as vulnerability identification and classification, patch verification, and malware analysis. (Dongxin News Agency)▌Nvidia and IREN Announce Strategic PartnershipOn May 8, Nvidia and IREN announced a strategic partnership to accelerate the deployment of up to 5 gigawatts of artificial intelligence infrastructure. Nvidia received a five-year option to purchase up to 30 million shares of IREN stock at $70 per share, meaning Nvidia has the right to invest up to $2.1 billion in IREN. ... Cryptocurrency ▌Coinbase Q1 Revenue Plunges 31% to $1.41 Billion, Exceeding Market Expectations On May 8th, just days after announcing massive layoffs and a push into artificial intelligence, Coinbase (Coinbase Global Inc.) once again highlighted the close link between its performance and the cryptocurrency market. In a statement on Thursday, the company said that first-quarter revenue plummeted 31% to $1.41 billion, exceeding market expectations, primarily due to declining token prices leading to reduced trading activity in the digital asset market. This performance continues a trend of approximately 20% revenue decline over the previous three months. ▌Kraken Acquires Stablecoin Infrastructure Company Reap for $600 MillionOn May 7th, according to market news: Kraken acquired Reap, an Asia-based stablecoin infrastructure company, for $600 million.▌US Senator Warren Writes to Zuckerberg Demanding Meta Disclose Details of Latest Stablecoin PlansUS Senator Elizabeth Warren has written to Zuckerberg, demanding more information from Meta regarding its latest stablecoin plans and criticizing the company's &#34;concerning lack of transparency&#34; in related businesses. In her letter, she stated that given Meta's massive global user base, any stablecoin-related business could have a significant impact on market competition, user privacy, payment system integrity, and financial stability. Previously disclosed information indicated that Meta had tested stablecoin payment functionality for some creators in Colombia and the Philippines. The solution was based on USD Coin (USDC), requiring users to link a third-party crypto wallet address. However, a company spokesperson responded that &#34;Meta stablecoin does not exist,&#34; and currently only hopes that users and merchants can use various payment methods, including third-party stablecoins, on the platform. Tom Lee gave three target prices for Ethereum: $22,000 is the starting point, with a maximum of $250,000. On May 8th, Tom Lee, Chairman of BitMine, Ethereum's leading financial arm, stated at Consensus Miami 2026 that BitMine is currently buying approximately 100,000 ETH per week. At this rate, BitMine will reach its goal of holding 5% of the Ethereum supply in about six weeks. However, they are currently evaluating whether to slow down the buying pace and instead allocate capital to a $4 billion buyback program. BitMine has earned over $300 million annually through Ethereum staking, with daily cash flow exceeding $1.2 million and approximately $700 million in cash reserves. Tom Lee, discussing market prospects, stated that if Bitcoin's closing price at the end of May exceeds $76,000, it will mark the third consecutive month of gains, officially signaling the end of the bear market. Regarding Ethereum's target price, Tom Lee stated: if Bitcoin rises to $250,000 and the ETH/BTC exchange rate returns to its 2021 high, Ethereum would be worth approximately $22,000; if the ETH/BTC exchange rate reaches the extremely optimistic level of 0.25, it would be worth approximately $62,000; and if tokenization experiences a massive surge and Ethereum becomes the primary settlement layer, it would be worth $250,000. ▌Treasure Global to Deploy $100 Million to Establish ETH-Centric Digital Asset TreasuryNasdaq-listed Treasure Global announced it will gradually deploy $100 million in capital to establish a digital asset treasury centered on ETH. The treasury will be expanded to include more other digital assets in the future. The company stated that its digital asset treasury framework will serve as a long-term capital allocation tool, providing strategic exposure to the development of digital financial infrastructure without altering its core business.▌21Shares Launches Canton Network Native Token ETF TCANOn May 8th, 21Shares' Canton Network ETF was listed on Nasdaq on Thursday, with the ticker symbol TCAN. This fund is the first ETF in the US to directly provide exposure to Canton Coin.▌mETH Protocol to Gradually Cease Operations of cmETHOn May 7th, mETH Protocol officially announced that it will gradually cease operations of its liquidity restaking token, cmETH, while other products will continue to operate as usual. The cmETH minting function was closed on May 7th, 2026, and the final EigenLayer rewards will be distributed in mid-June 2026. The reward claim window will close on November 7th, 2026. mETH Protocol stated that after a comprehensive evaluation of the current development of the industry, closing cmETH is the most prudent choice, in order to refocus resources on directions that can create more sustainable value for users. Existing holdings will not be affected, and the unstaking and bridging functions will remain open. ... ▌Coinbase Adds Nexus (NEX) to Listing RoadmapOn May 7th, Coinbase added Nexus (NEX) to its listing roadmap.<hr/><h2>Important Economic Developments</h2>▌Bank of America: Large IPOs of SpaceX and Anthropic May Mark the End of the Bull MarketOn May 7th, Bank of America issued a warning that the planned IPOs of SpaceX and Anthropic this year could lead to a withdrawal of funds from the US stock market, which has long relied on large technology companies, potentially marking the end of the bull market. If both go public, SpaceX's valuation could exceed $2 trillion, and Anthropic's valuation could exceed $900 billion, meaning a large influx of new stocks into the market. In response, Bank of America stated that SpaceX and Anthropic could potentially force funds to sell existing technology stocks. (Dongxin News Agency)▌Nasdaq Index Breaks 26,000 Points, Reaching a New HighMay 7th - The Nasdaq Composite Index touched 26,000 points, currently trading at 26,017 points, up 0.68% on the day. Nvidia shares rose 2.97%, Microsoft shares rose 2.37%, and Tesla shares rose 3.66%. ... ▌Trump: EU Given Until July 4 to Fulfill Trade Agreement, or Tariffs Will Be RaisedOn May 8, US President Trump stated that he had a &#34;pleasant call&#34; with European Commission President Ursula von der Leyen and would give the EU until July 4 to fulfill its obligations under the trade agreement, otherwise the US would raise tariffs to a higher level. (Financial Times)▌96.4% Probability of Fed Maintaining Interest Rates in JuneOn May 8, according to CME's &#34;FedWatch&#34;: the probability of the Fed maintaining interest rates unchanged by June is 96.4%, and the probability of a cumulative rate cut of 25 basis points is 3.6%. The probability of the Fed maintaining interest rates unchanged by July is 90.2%, the probability of a cumulative rate cut of 25 basis points is 9.5%, and the probability of a cumulative rate cut of 50 basis points is 0.2%. ... <hr/><h2>Golden Encyclopedia</h2>▌Can Bitcoin Still Be Called &#34;Digital Gold&#34; During Geopolitical Crises?Every geopolitical crisis causes gold prices to rise while Bitcoin prices plummet. After six tests, the claim of &#34;digital gold&#34; has never been supported by data. Countries hoard gold but exclude Bitcoin from their reserves. For investors, Bitcoin exhibits asymmetry: it falls with stocks but does not rise with them. Three structural asymmetries prevent Bitcoin from achieving safe-haven status: an oversupply of derivatives (market structure), the dominance of leveraged traders (participant composition), and a lack of repeatable behavioral records (behavioral accumulation).Bitcoin is not a safe-haven asset, but it is a &#34;crisis-useful asset,&#34; which can indeed function when borders are closed and banks fail. If these three asymmetries are reduced, Bitcoin may no longer be a replica of gold but rather a completely new &#34;next-generation gold.&#34;Generational shifts and the widespread application of algorithms are key factors that could accelerate this process.</div></div></div>

On May 10, Trump tweeted angrily declaring Iran's latest response "completely unacceptable." Iran, through Pakistan, proposed an immediate ceasefire and the lifting of the naval blockade, while the US insists that Iran suspend uranium enrichment and restore passage through the Strait of Hormuz. The two sides remain fundamentally opposed. Do you think there's any possibility of breaking this deadlock?

On May 10, Trump tweeted angrily declaring Iran's latest response "completely unacceptable." Iran, through Pakistan, proposed an immediate ceasefire and the lifting of the naval blockade, while the US insists that Iran suspend uranium enrichment and restore passage through the Strait of Hormuz. The two sides remain fundamentally opposed. Do you think there's any possibility of breaking this deadlock?

US-Iran deadlock returns — is a ceasefire still possible?

BTBT

ETHE

Bitwise has launched its first tokenized crypto carry fund, the Bitwise Crypto Carry Fund (USCC), aimed at providing market-neutral returns through crypto basis trading, currently available only to accredited investors. Meanwhile, U.S. military actions in southern Iran have been reported, with multiple explosions near Qeshm Island and Bandar Abbas, although official responses are pending. U.S. Central Command confirmed targeted strikes on Iranian military facilities following an unprovoked attack. President Trump stated that the ceasefire with Iran remains in effect despite the military actions. Additionally, OpenAI has introduced a new AI model for cybersecurity teams.

- Bitwise launched its first tokenized crypto carry fund, the Bitwise Crypto Carry Fund (USCC), on May 7, highlighting plans for all future funds to be tokenized and focusing on market-neutral returns.  
- Concurrently, U.S. military actions in Iran were reported, with multiple explosions near strategic locations and an unverified claim of military strikes, while U.S. Central Command confirmed targeted strikes on Iranian military facilities in response to an unprovoked attack.  
- In economic news, Coinbase reported a 31% drop in Q1 revenue, and Bank of America warned that upcoming large IPOs from SpaceX and Anthropic might signal the end of the bull market.

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Bitwise launches crypto basis fund USCC; US military attacks multiple locations in southern Iran.