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On May 8, the Polygon PoS network execution layer client Bor released version 2.7.3, applicable to the Amoy testnet and mainnet. This maintenance update includes improvements and bug fixes for pre-confirmation and private transaction relay. This update significantly impacts private transaction users, as private transactions will now enforce a 10-minute time-to-live (TTL). If a private transaction is not included in a block within 10 minutes, it will be removed from the private pool and enter the public network. If a transaction is not packaged, users can increase the transaction fee to send a replacement transaction to enhance the likelihood of packaging.

[Polygon Bor v2.7.3 Released with Improvements to Private Transaction Relay]On May 8, the Polygon PoS network execution layer client Bor released version 2.7.3, applicable to the Amoy testnet and mainnet. This maintenance update includes improvements and bug fixes for pre-confirmation and private transaction relay. This update significantly impacts private transaction users, as private transactions will now enforce a 10-minute time-to-live (TTL). If a private transaction is not included in a block within 10 minutes, it will be removed from the private pool and enter the public network. If a transaction is not packaged, users can increase the transaction fee to send a replacement transaction to enhance the likelihood of packaging.

Polygon Bor v2.7.3 Released with Improvements to Private Transaction Relay

On May 8, according to a report by Saudi Arabia's Al Arabiya television citing diplomatic sources, efforts to ease tensions are ongoing, and Iran is expected to respond today to the proposal put forward by the United States. (Xinhua News Agency)

[Iran Expected to Respond to U.S. Proposal Today, Saudi Media Reports]On May 8, according to a report by Saudi Arabia's Al Arabiya television citing diplomatic sources, efforts to ease tensions are ongoing, and Iran is expected to respond today to the proposal put forward by the United States. (Xinhua News Agency)

Iran Expected to Respond to U.S. Proposal Today, Saudi Media Reports

On May 8, at the Consensus 2026 conference in Miami, Zcash Open Development Laboratory CEO Josh Swihart announced that Zcash will launch a quantum-recoverable wallet within a month and aims to achieve full post-quantum status within 12 to 18 months. Additionally, the independent scaling solution aims to achieve Mastercard/Visa-level throughput within a similar timeframe. On the user side, the Electric Coin Company's wallet has integrated Near Intents to enable cross-chain swaps from assets like BTC, SOL, and USDC to privacy-focused ZEC, with approximately $600-700 million in funds having flowed through this routing since its launch. The Near ecosystem has processed nearly $800 million in the last 30 days, with Ethereum, Solana, and Zcash being the main chains. Furthermore, the project community is discussing reducing Zcash's block time from 75 seconds to 25 seconds, and a cross-chain bridge with Solana and Hyperliquid has already gone live. A voting feature for token holders will also be introduced, serving as an opinion layer for the project's existing consensus model. Currently, Zcash's shielded pool accounts for 30% of its circulation, reaching an all-time high. Analysts believe that if this ratio continues to grow with rising prices, this uptrend will be driven by real adoption rather than mere speculation.

[Zcash Unveils Quantum-Resistant Roadmap, Quantum-Recoverable Wallet Launch in 30 Days]On May 8, at the Consensus 2026 conference in Miami, Zcash Open Development Laboratory CEO Josh Swihart announced that Zcash will launch a quantum-recoverable wallet within a month and aims to achieve full post-quantum status within 12 to 18 months. Additionally, the independent scaling solution aims to achieve Mastercard/Visa-level throughput within a similar timeframe. On the user side, the Electric Coin Company's wallet has integrated Near Intents to enable cross-chain swaps from assets like BTC, SOL, and USDC to privacy-focused ZEC, with approximately $600-700 million in funds having flowed through this routing since its launch. The Near ecosystem has processed nearly $800 million in the last 30 days, with Ethereum, Solana, and Zcash being the main chains. Furthermore, the project community is discussing reducing Zcash's block time from 75 seconds to 25 seconds, and a cross-chain bridge with Solana and Hyperliquid has already gone live. A voting feature for token holders will also be introduced, serving as an opinion layer for the project's existing consensus model. Currently, Zcash's shielded pool accounts for 30% of its circulation, reaching an all-time high. Analysts believe that if this ratio continues to grow with rising prices, this uptrend will be driven by real adoption rather than mere speculation.

Zcash Unveils Quantum-Resistant Roadmap, Quantum-Recoverable Wallet Launch in 30 Days

On May 8, according to data from HTX, Bitcoin has risen above $80,000, with a 24-hour increase of 0.14%.

[Bitcoin Surges Above $80,000, 24-Hour Increase of 0.14%]On May 8, according to data from HTX, Bitcoin has risen above $80,000, with a 24-hour increase of 0.14%.

Bitcoin Surges Above $80,000, 24-Hour Increase of 0.14%

On May 8, the US April non-farm payroll data will be released tonight at 20:30 (UTC+8). It is expected to add only 62,000 jobs, significantly lower than the growth rates of previous years, but sufficient to keep the unemployment rate at a relatively low level of 4.3%. The annual wage inflation rate is expected to rise from 3.5% to 3.8%. In the past, when the monthly non-farm employment in the US fell below 100,000, it was often seen as a signal of a weakening labor market and an economy on the brink of recession. However, the employment landscape has changed; Federal Reserve official Logan has publicly stated, 'Currently, adding about 30,000 jobs per month is enough to achieve supply-demand balance.' According to CME FedWatch data, prior to the release of tonight's non-farm data, the probability of the Federal Reserve not cutting rates for the rest of the year is 72.6%, while the probability of a 25 basis point rate cut at the next meeting in June is 5.2%.

[Forecast: US April Non-Farm Payroll Data to be Released Tonight at 20:30, June Rate Cut Probability at 5.2%]On May 8, the US April non-farm payroll data will be released tonight at 20:30 (UTC+8). It is expected to add only 62,000 jobs, significantly lower than the growth rates of previous years, but sufficient to keep the unemployment rate at a relatively low level of 4.3%. The annual wage inflation rate is expected to rise from 3.5% to 3.8%. In the past, when the monthly non-farm employment in the US fell below 100,000, it was often seen as a signal of a weakening labor market and an economy on the brink of recession. However, the employment landscape has changed; Federal Reserve official Logan has publicly stated, 'Currently, adding about 30,000 jobs per month is enough to achieve supply-demand balance.' According to CME FedWatch data, prior to the release of tonight's non-farm data, the probability of the Federal Reserve not cutting rates for the rest of the year is 72.6%, while the probability of a 25 basis point rate cut at the next meeting in June is 5.2%.

Forecast: US April Non-Farm Payroll Data to be Released Tonight at 20:30, June Rate Cut Probability at 5.2%

According to monitoring by Beating, Baidu's AI chip company Kunlun is advancing its dual listing plans. Bloomberg reports that CICC has submitted documents to the China Securities Regulatory Commission indicating that Kunlun is seeking to conduct an initial public offering (IPO) on the STAR Market in Shanghai. Earlier, it was revealed that Kunlun had secretly submitted a listing application in Hong Kong earlier this year. Kunlun was established internally by Baidu to provide computational support for its AI business, and Baidu currently holds a 58% stake in the company. Reports from December last year indicated that Kunlun's valuation had reached at least $3 billion. Jefferies analysts expect Kunlun's Hong Kong IPO to be completed in the third quarter of this year, and listing on the STAR Market will make it easier to secure funding from domestic investors. Recently, companies like DeepSeek and ByteDance have released new generation large models, significantly boosting the demand for domestic inference chips. As a result of this trend, market investment interest in domestic chip companies continues to rise, with reports suggesting that Alibaba is also considering spinning off its chip division for a public listing.

[Baidu's Kunlun Chip Plans Dual Listing on STAR Market and Hong Kong, Valuation Exceeds $3 Billion]According to monitoring by Beating, Baidu's AI chip company Kunlun is advancing its dual listing plans. Bloomberg reports that CICC has submitted documents to the China Securities Regulatory Commission indicating that Kunlun is seeking to conduct an initial public offering (IPO) on the STAR Market in Shanghai. Earlier, it was revealed that Kunlun had secretly submitted a listing application in Hong Kong earlier this year. Kunlun was established internally by Baidu to provide computational support for its AI business, and Baidu currently holds a 58% stake in the company. Reports from December last year indicated that Kunlun's valuation had reached at least $3 billion. Jefferies analysts expect Kunlun's Hong Kong IPO to be completed in the third quarter of this year, and listing on the STAR Market will make it easier to secure funding from domestic investors. Recently, companies like DeepSeek and ByteDance have released new generation large models, significantly boosting the demand for domestic inference chips. As a result of this trend, market investment interest in domestic chip companies continues to rise, with reports suggesting that Alibaba is also considering spinning off its chip division for a public listing.

Baidu's Kunlun Chip Plans Dual Listing on STAR Market and Hong Kong, Valuation Exceeds $3 Billion

On May 8, according to monitoring by Onchainlens, a whale established a long position of 443.42 bitcoins using 20x leverage, valued at $35.35 million. Additionally, this whale previously traded Ethereum, incurring a loss of $150,000.

[Whale Establishes $35.35 Million Bitcoin Long Position with 20x Leverage]On May 8, according to monitoring by Onchainlens, a whale established a long position of 443.42 bitcoins using 20x leverage, valued at $35.35 million. Additionally, this whale previously traded Ethereum, incurring a loss of $150,000.

Whale Establishes $35.35 Million Bitcoin Long Position with 20x Leverage

On May 8, Jack McDonald, Senior Vice President of Ripple's stablecoin business, stated at the 'Consensus 2026' conference in Miami that Ripple's stablecoin business currently holds a regulatory license from New York State and will 'soon obtain an OCC charter.' He also mentioned that the company holds multiple licenses in other regions around the world. McDonald pointed out that institutional clients want to fully tap into the accessible market for stablecoins, requiring the highest level of regulatory qualifications. With BNY serving as the custodian and endorsements from partners like Deloitte, they are confident in migrating real funds and transaction volumes onto the blockchain.

[Ripple Stablecoin SVP: Ripple to Soon Obtain OCC Charter]On May 8, Jack McDonald, Senior Vice President of Ripple's stablecoin business, stated at the 'Consensus 2026' conference in Miami that Ripple's stablecoin business currently holds a regulatory license from New York State and will 'soon obtain an OCC charter.' He also mentioned that the company holds multiple licenses in other regions around the world. McDonald pointed out that institutional clients want to fully tap into the accessible market for stablecoins, requiring the highest level of regulatory qualifications. With BNY serving as the custodian and endorsements from partners like Deloitte, they are confident in migrating real funds and transaction volumes onto the blockchain.

Ripple Stablecoin SVP: Ripple to Soon Obtain OCC Charter

On May 8, the stock price of Bitcoin mining company IREN rose 8.4% in pre-market trading, as NVIDIA plans to invest up to $2.1 billion in the company.

[IREN Stock Price Rises 8.4% in Pre-Market]On May 8, the stock price of Bitcoin mining company IREN rose 8.4% in pre-market trading, as NVIDIA plans to invest up to $2.1 billion in the company.

IREN Stock Price Rises 8.4% in Pre-Market

According to DigitalMusicNews, Web3 company Medallion has raised $9 million in its seed funding round.
The company is led by Matt Jones, the former CEO of the concert discovery service, Songkick. Medallion says it is working on technology to allow artists to create “owned and operated digital worlds in web3 to expand fan participation, actionable insights, and economic potential.” Essentially, Medallion is taking its crack at building a metaverse for artists to connect digitally with their fans.
Medallion’s seed funding round was led by The Chernin Group and attracted participation from investors across multiple sectors. Other investors include Alive VC, Betaworks, Blue Mind Capital, Coil, Copper, Flamingo DAO, Infinite Capital, Noise DAO, POAP Ventures, Polygon Ventures, Shima Capital, Spacestation, Synergis Capital, The Chernin Group, Third Prime and Wave Financial.

Detail

【Web3 company Medallion raises $9 million in seed funding】According to DigitalMusicNews, Web3 company Medallion has raised $9 million in its seed funding round.
The company is led by Matt Jones, the former CEO of the concert discovery service, Songkick. Medallion says it is working on technology to allow artists to create “owned and operated digital worlds in web3 to expand fan participation, actionable insights, and economic potential.” Essentially, Medallion is taking its crack at building a metaverse for artists to connect digitally with their fans.
Medallion’s seed funding round was led by The Chernin Group and attracted participation from investors across multiple sectors. Other investors include Alive VC, Betaworks, Blue Mind Capital, Coil, Copper, Flamingo DAO, Infinite Capital, Noise DAO, POAP Ventures, Polygon Ventures, Shima Capital, Spacestation, Synergis Capital, The Chernin Group, Third Prime and Wave Financial.

Web3 company Medallion raises $9 million in seed funding

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Web3 company Medallion raises $9 million in seed funding

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