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On May 8, Royal Bank of Canada (RBC) strategists raised their 12-month rolling target for the S&P 500 index from 7,750 points to 7,900 points, citing an improved earnings environment and a rebound in investor sentiment.

[RBC Strategists Raise S&P 500 Index Target]On May 8, Royal Bank of Canada (RBC) strategists raised their 12-month rolling target for the S&P 500 index from 7,750 points to 7,900 points, citing an improved earnings environment and a rebound in investor sentiment.

RBC Strategists Raise S&P 500 Index Target

PAYAI fluctuated by 52.5% within 24 hours, current price $0.004581

【PAYAI fluctuated over 50% in 24 hours!】PAYAI fluctuated by 52.5% within 24 hours, current price $0.004581

PAYAI fluctuated over 50% in 24 hours!

On May 8, Deutsche Bank, with total assets of $2.1 trillion, disclosed an increase of 53,215 shares in Strategy, valued at $9.5 million. The bank now holds a total of 784,919 shares in Strategy, with a total value of $140 million.

[Deutsche Bank Increases Stake in Strategy Shares to 785 Million, Valued at $140 Million]On May 8, Deutsche Bank, with total assets of $2.1 trillion, disclosed an increase of 53,215 shares in Strategy, valued at $9.5 million. The bank now holds a total of 784,919 shares in Strategy, with a total value of $140 million.

Deutsche Bank Increases Stake in Strategy Shares to 785 Million, Valued at $140 Million

On May 8, according to monitoring by BitcoinTreasuries.NET, Deutsche Bank AG, with an asset size of $2.1 trillion, has recently continued to increase its holdings of Strategy (MSTR) shares by 53,215 shares, valued at $9.5 million. Deutsche Bank now holds a total of 784,919 shares of Strategy, with a total value of $140.1 million.

[Deutsche Bank Increases Stake in Strategy Shares, Total Holding Worth Approximately $140 Million]On May 8, according to monitoring by BitcoinTreasuries.NET, Deutsche Bank AG, with an asset size of $2.1 trillion, has recently continued to increase its holdings of Strategy (MSTR) shares by 53,215 shares, valued at $9.5 million. Deutsche Bank now holds a total of 784,919 shares of Strategy, with a total value of $140.1 million.

Deutsche Bank Increases Stake in Strategy Shares, Total Holding Worth Approximately $140 Million

On May 8, at the PitchFest competition during the Consensus 2026 Miami conference, the stablecoin compliance infrastructure project Coinbax won the grand prize of $20,000. Founded by former Jack Henry executive Peter Glyman, the company aims to help banks and financial institutions manage the compliance risks associated with stablecoin payments. Coinbax has built a programmable custody infrastructure that adds a layer of control for wallet-to-wallet cryptocurrency transactions. Its smart contracts hold funds during third-party service identity verification, sanctions screening, and transaction risk assessment, only settling once conditions are met.

[Coinbax Wins Consensus Miami PitchFest Grand Prize, Aiming to Solve Compliance Issues in Bank Stablecoin Payments]On May 8, at the PitchFest competition during the Consensus 2026 Miami conference, the stablecoin compliance infrastructure project Coinbax won the grand prize of $20,000. Founded by former Jack Henry executive Peter Glyman, the company aims to help banks and financial institutions manage the compliance risks associated with stablecoin payments. Coinbax has built a programmable custody infrastructure that adds a layer of control for wallet-to-wallet cryptocurrency transactions. Its smart contracts hold funds during third-party service identity verification, sanctions screening, and transaction risk assessment, only settling once conditions are met.

Coinbax Wins Consensus Miami PitchFest Grand Prize, Aiming to Solve Compliance Issues in Bank Stablecoin Payments

On May 8, according to a press release, investment company Multi Investment announced that it will accelerate its diversification strategy following the completion of a CHF 480 million capital raise. The company plans to utilize the new funds to expand into new investment areas and business landscapes, potentially involving sectors such as digital assets, technology, or traditional finance. This financing marks a new phase in its strategic transformation, with more details expected to be disclosed in subsequent announcements.

[Multi Investment Completes CHF 480 Million Financing to Accelerate Diversification Strategy]On May 8, according to a press release, investment company Multi Investment announced that it will accelerate its diversification strategy following the completion of a CHF 480 million capital raise. The company plans to utilize the new funds to expand into new investment areas and business landscapes, potentially involving sectors such as digital assets, technology, or traditional finance. This financing marks a new phase in its strategic transformation, with more details expected to be disclosed in subsequent announcements.

Multi Investment Completes CHF 480 Million Financing to Accelerate Diversification Strategy

On May 8, South Korea's Ministry of Economy and Finance officially confirmed that it will impose taxes on cryptocurrency trading gains starting January 1, 2027, concluding years of political debate and repeated delays regarding the taxation framework for digital assets. The announcement was made by Moon Kyung-ho, Director of the Income Tax Division, during an emergency forum on virtual asset taxation held at the National Assembly in Seoul. According to South Korea's Income Tax Act, profits generated from the transfer or lending of digital assets will be classified as 'other income' starting in 2027. The portion of annual cryptocurrency gains exceeding 2.5 million won (approximately $1,800) will be subject to a comprehensive tax rate of 22% (including 20% national income tax and 2% local income tax). The government estimates that this policy will affect around 13.26 million cryptocurrency investors. Despite calls from opposition parties and some industry figures to completely abolish or further delay the tax, arguing that it unfairly treats cryptocurrency investments compared to the stock investment income tax set to be abolished by the end of 2024, the government stated it will proceed as planned. The National Tax Service of South Korea is finalizing operational guidelines and has coordinated with the country's five major exchanges on technical reports and compliance systems. Detailed legislative guidance (including reporting obligations for trading platforms, investor disclosures, and standards for handling staking, lending, and airdrop gains) is expected to be released in 2026. Meanwhile, South Korea is tightening comprehensive regulations on the digital asset market, having recently amended the Foreign Exchange Transaction Act to include overseas cryptocurrency transfers and cross-border activities within the expanded regulatory scope. Analysts believe that South Korea's implementation model may serve as a benchmark for other regulatory bodies in Asia.

[South Korea to Tax Cryptocurrency Gains Starting January 1, 2027, Ending Years of Controversy]On May 8, South Korea's Ministry of Economy and Finance officially confirmed that it will impose taxes on cryptocurrency trading gains starting January 1, 2027, concluding years of political debate and repeated delays regarding the taxation framework for digital assets. The announcement was made by Moon Kyung-ho, Director of the Income Tax Division, during an emergency forum on virtual asset taxation held at the National Assembly in Seoul. According to South Korea's Income Tax Act, profits generated from the transfer or lending of digital assets will be classified as 'other income' starting in 2027. The portion of annual cryptocurrency gains exceeding 2.5 million won (approximately $1,800) will be subject to a comprehensive tax rate of 22% (including 20% national income tax and 2% local income tax). The government estimates that this policy will affect around 13.26 million cryptocurrency investors. Despite calls from opposition parties and some industry figures to completely abolish or further delay the tax, arguing that it unfairly treats cryptocurrency investments compared to the stock investment income tax set to be abolished by the end of 2024, the government stated it will proceed as planned. The National Tax Service of South Korea is finalizing operational guidelines and has coordinated with the country's five major exchanges on technical reports and compliance systems. Detailed legislative guidance (including reporting obligations for trading platforms, investor disclosures, and standards for handling staking, lending, and airdrop gains) is expected to be released in 2026. Meanwhile, South Korea is tightening comprehensive regulations on the digital asset market, having recently amended the Foreign Exchange Transaction Act to include overseas cryptocurrency transfers and cross-border activities within the expanded regulatory scope. Analysts believe that South Korea's implementation model may serve as a benchmark for other regulatory bodies in Asia.

South Korea to Tax Cryptocurrency Gains Starting January 1, 2027, Ending Years of Controversy

On May 8, Bloomberg reported that European Central Bank President Christine Lagarde recently warned about euro-denominated stablecoins, stating that they could pose significant risks to financial stability and the transmission of monetary policy, while questioning the necessity of introducing such instruments. In a speech in Spain, Lagarde noted that the arguments in favor of euro stablecoins are 'weaker than they appear.' She pointed out that these assets are prone to runs during market turmoil and would undermine the ECB's ability to reach various sectors of the economy through interest rate policy. Lagarde acknowledged that euro stablecoins could help reduce financing costs in the eurozone and enhance the euro's global appeal, but she emphasized that these benefits are short-term and come with 'significant' trade-offs. She made it clear: 'If we want to enhance the euro's international appeal, stablecoins are not an effective route.' Lagarde also referenced a working paper released by the ECB in March, which warned that the widespread adoption of stablecoins would pose significant risks to eurozone banks and the monetary policy sovereignty of the ECB, particularly those stablecoins pegged to foreign currencies like the US dollar. Despite Lagarde's skepticism, several large eurozone banks are still advancing euro stablecoin projects, including Société Générale, which has launched EUR CoinVertible, and the Qivalis alliance, supported by institutions such as ING Group and Banco Sabadell, which plans to issue a euro stablecoin later this year.

[ECB President: Euro Stablecoins May Pose Risks to Banking and Monetary Policy]On May 8, Bloomberg reported that European Central Bank President Christine Lagarde recently warned about euro-denominated stablecoins, stating that they could pose significant risks to financial stability and the transmission of monetary policy, while questioning the necessity of introducing such instruments. In a speech in Spain, Lagarde noted that the arguments in favor of euro stablecoins are 'weaker than they appear.' She pointed out that these assets are prone to runs during market turmoil and would undermine the ECB's ability to reach various sectors of the economy through interest rate policy. Lagarde acknowledged that euro stablecoins could help reduce financing costs in the eurozone and enhance the euro's global appeal, but she emphasized that these benefits are short-term and come with 'significant' trade-offs. She made it clear: 'If we want to enhance the euro's international appeal, stablecoins are not an effective route.' Lagarde also referenced a working paper released by the ECB in March, which warned that the widespread adoption of stablecoins would pose significant risks to eurozone banks and the monetary policy sovereignty of the ECB, particularly those stablecoins pegged to foreign currencies like the US dollar. Despite Lagarde's skepticism, several large eurozone banks are still advancing euro stablecoin projects, including Société Générale, which has launched EUR CoinVertible, and the Qivalis alliance, supported by institutions such as ING Group and Banco Sabadell, which plans to issue a euro stablecoin later this year.

ECB President: Euro Stablecoins May Pose Risks to Banking and Monetary Policy

On May 8, according to an official announcement, Huobi HTX has launched SPACEX/USDT, OPENAI/USDT, and ANTHROPIC/USDT perpetual contracts, with a maximum leverage of 10 times. Additionally, from May 8 at 15:00 to May 15 at 15:00 (UTC+8), Huobi HTX will host a trading party for SPACEX, OPENAI, and ANTHROPIC contracts, with a total prize pool of up to $20,000. During the event, users who register and participate in SPACEX/USDT, OPENAI/USDT, and ANTHROPIC/USDT contract trading with a cumulative effective trading volume of ≥5,000 USDT will be eligible to share the prize pool based on their trading volume ranking. New users trading SPACEX/USDT, OPENAI/USDT, and ANTHROPIC/USDT contracts will also receive exclusive benefits.

[Huobi HTX Launches SPACEX, OPENAI, and ANTHROPIC Perpetual Contracts with Trading Party]On May 8, according to an official announcement, Huobi HTX has launched SPACEX/USDT, OPENAI/USDT, and ANTHROPIC/USDT perpetual contracts, with a maximum leverage of 10 times. Additionally, from May 8 at 15:00 to May 15 at 15:00 (UTC+8), Huobi HTX will host a trading party for SPACEX, OPENAI, and ANTHROPIC contracts, with a total prize pool of up to $20,000. During the event, users who register and participate in SPACEX/USDT, OPENAI/USDT, and ANTHROPIC/USDT contract trading with a cumulative effective trading volume of ≥5,000 USDT will be eligible to share the prize pool based on their trading volume ranking. New users trading SPACEX/USDT, OPENAI/USDT, and ANTHROPIC/USDT contracts will also receive exclusive benefits.

Huobi HTX Launches SPACEX, OPENAI, and ANTHROPIC Perpetual Contracts with Trading Party

The Lazarus Group – a North Korean hacking group believed to be supported by the Kim regime – is likely behind last week’s hack of Harmony Bridge, according to new analysis by blockchain research firm Elliptic.
The attack drained the service, which enables crypto assets to be traded between the Harmony blockchain and other blockchains, of $100 million worth of crypto, including ether, tether and wrapped bitcoin on the morning of June 24th.
North Korean hackers have grown increasingly sophisticated; in 2021 they stole an estimated $400 million, mostly in ether. The total for 2022 has already far surpassed that figure.
According to Elliptic, the attackers converted the stolen assets to 85,837 ETH following the hack and, beginning on June 27th, began to send some of the ETH through Tornado Cash, a mixer commonly used to launder illegally-obtained crypto. So far, approximately 35,000 ETH – 41% of the total funds stolen – have been sent to Tornado Cash.
The Harmony Bridge hack is consistent with other hacks attributed to the Lazarus Group, including the $635 million Ronin Bridge hack in March, which was possibly the largest hack in the history of decentralized finance (DeFi).

Detail

【North Korean hacking group behind $100M Horizon Bridge hack: report】The Lazarus Group – a North Korean hacking group believed to be supported by the Kim regime – is likely behind last week’s hack of Harmony Bridge, according to new analysis by blockchain research firm Elliptic.
The attack drained the service, which enables crypto assets to be traded between the Harmony blockchain and other blockchains, of $100 million worth of crypto, including ether, tether and wrapped bitcoin on the morning of June 24th.
North Korean hackers have grown increasingly sophisticated; in 2021 they stole an estimated $400 million, mostly in ether. The total for 2022 has already far surpassed that figure.
According to Elliptic, the attackers converted the stolen assets to 85,837 ETH following the hack and, beginning on June 27th, began to send some of the ETH through Tornado Cash, a mixer commonly used to launder illegally-obtained crypto. So far, approximately 35,000 ETH – 41% of the total funds stolen – have been sent to Tornado Cash.
The Harmony Bridge hack is consistent with other hacks attributed to the Lazarus Group, including the $635 million Ronin Bridge hack in March, which was possibly the largest hack in the history of decentralized finance (DeFi).

North Korean hacking group behind $100M Horizon Bridge hack: report

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genius currently trades at 0.6179 USDT, up 20.05% in 24h, according to HTX market data.

North Korean hacking group behind $100M Horizon Bridge hack: report

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