👮 Coinbase Exchange has been experiencing an outage for over two hours. Its status page indicates that some users may be unable to trade or may experience degraded performance due to an AWS outage. Coinbase stated that its team is investigating, assuring users that their funds are safe, and directing them to check AWS service status.

💸 #HYPE Company Hyperliquid Strategies reports a net loss of $165 million for 9 months.

🐳 The mysterious whale linked to Erik Voorhees, who bought 123,184 $ETH ($266M) previously, just spent another 6.67M $USDT to buy 2,920 $ETH at $2,284.

🕵️ According to BlockSec USDT Freeze Tracker, as of May 7, 2026, Tether has blacklisted 371 addresses on Ethereum and Tron in the past 30 days. This includes 329 on the Tron chain and 42 on the Ethereum chain, involving frozen funds worth approximately $515 million ($506 million on Tron and $8.73 million on Ethereum).

🗽 #ZRO #LINK DeFi platform Solv Protocol, focused on #BTC, has announced a transition from LayerZero to Chainlink following a major security incident.

🕵️ The leaders of Bridge and Deus X Capital stated that large corporations seeking to modernize payment systems and #AI agents conducting autonomous transactions are becoming the two main drivers of stablecoins' growth. #stablecoin

📊 A trader spent over three months swing trading $ETH, ultimately losing more than $1.48M.

Starting on February 2, trader 0x8062 began trading $ETH with 4.38M $USDT.

Three hours ago, he sold his $ETH holdings and was left with only 3.4M $USDT, resulting in a loss of 1.48M $USDT!

⚖️ BTC Accumulation Accelerates While ETH Struggles to Regain Institutional Conviction

“But while Bitcoin appears to have regained institutional confidence relatively quickly, Ethereum still shows signs of hesitation.”

🧑‍💻 #ARB Arbitrum DAO has approved the allocation of $70 million in #ETH for the recovery of Kelp DAO.

🚀 Surprise Twist: Cathie Wood Says Binance Did Not Trigger the 1010 Crash

On May 7, 2026, ARK Invest CEO Cathie Wood clarified to Binance founder CZ that while there was a software glitch, Binance did not trigger the October 10th flash crash. She emphasized, "We know it was not Binance."

In a previous FOX Business interview on January 26, Wood had linked the flash crash to a software glitch on Binance, which resulted in a $28 billion deleveraging event. Her comments had ignited significant debate within the community regarding the October 10th incident.

🕵️ 500,000,000 $USDT (499,965,791 USD) transferred from #HTX to Tether Treasury

🕵️ 500,000,000 $USDT (499,938,750 USD) transferred from Tether Treasury to #HTX

🕵️ 1,132.19 #BTC ($90,502,158)
aggregated inflows to Binance

🤔 #ZEC Zcash plans to launch quantum-resistant wallets within a month and provide full protection against quantum attacks by 2027.

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🆕 $PROS listed on Upbit spot (KRW)

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🆕 $SHARE live on Binance alpha

Episode 17 | May 8, 2026 — Weekly market review