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On May 8, it was reported that gunfire was heard in the area near the Strait of Hormuz within a two-hour period. In the afternoon of May 8, the Islamic Revolutionary Guard Corps of Iran announced that earlier that day, Iranian armed forces had experienced 'sporadic clashes' with a U.S. warship in the waters of the Strait of Hormuz. The Revolutionary Guard did not disclose the specific location of the clashes. Earlier, there were reports of an explosion in the Sirik area of Iran, near the Strait of Hormuz, on May 8, with the cause still unknown. (CCTV)

[Gunfire Reported Near the Strait of Hormuz Within Two Hours]On May 8, it was reported that gunfire was heard in the area near the Strait of Hormuz within a two-hour period. In the afternoon of May 8, the Islamic Revolutionary Guard Corps of Iran announced that earlier that day, Iranian armed forces had experienced 'sporadic clashes' with a U.S. warship in the waters of the Strait of Hormuz. The Revolutionary Guard did not disclose the specific location of the clashes. Earlier, there were reports of an explosion in the Sirik area of Iran, near the Strait of Hormuz, on May 8, with the cause still unknown. (CCTV)

Gunfire Reported Near the Strait of Hormuz Within Two Hours

On May 8, a survey conducted by Goldman Sachs Group revealed that a majority of respondents expect shipping through the Hormuz Strait to remain disrupted beyond the end of June. 43% of respondents anticipate that shipping will not return to normal until after July, while one-third of respondents expect Brent crude oil to be priced between $80 and $90 per barrel by the end of this year.

[Goldman Sachs Survey Indicates Investors Expect Disruptions in Hormuz Strait Shipping to Continue into Second Half of Year]On May 8, a survey conducted by Goldman Sachs Group revealed that a majority of respondents expect shipping through the Hormuz Strait to remain disrupted beyond the end of June. 43% of respondents anticipate that shipping will not return to normal until after July, while one-third of respondents expect Brent crude oil to be priced between $80 and $90 per barrel by the end of this year.

Goldman Sachs Survey Indicates Investors Expect Disruptions in Hormuz Strait Shipping to Continue into Second Half of Year

On May 8, Barclays stated, "We maintain our forecast of an average Brent crude oil price of $100 per barrel for 2026, with risks tilted to the upside. Even in the most optimistic scenarios, we believe oil prices may still be too low, as demand remains strong and inventories continue to decline rapidly." (Jin Ten)

[Barclays Maintains Brent Crude Oil Price Forecast of $100 per Barrel for 2026]On May 8, Barclays stated, "We maintain our forecast of an average Brent crude oil price of $100 per barrel for 2026, with risks tilted to the upside. Even in the most optimistic scenarios, we believe oil prices may still be too low, as demand remains strong and inventories continue to decline rapidly." (Jin Ten)

Barclays Maintains Brent Crude Oil Price Forecast of $100 per Barrel for 2026

On May 8, Federal Reserve official Goolsbee stated that there is little evidence suggesting that the US job market is collapsing.

[Fed's Goolsbee: Little Evidence of US Job Market Collapsing]On May 8, Federal Reserve official Goolsbee stated that there is little evidence suggesting that the US job market is collapsing.

Fed's Goolsbee: Little Evidence of US Job Market Collapsing

On May 8, Iranian media outlet Fars News reported that sporadic clashes occurred between Iranian armed forces and US vessels in the Strait of Hormuz starting about an hour ago.

[Iranian Armed Forces Engage in Sporadic Clashes with US Navy in Strait of Hormuz]On May 8, Iranian media outlet Fars News reported that sporadic clashes occurred between Iranian armed forces and US vessels in the Strait of Hormuz starting about an hour ago.

Iranian Armed Forces Engage in Sporadic Clashes with US Navy in Strait of Hormuz

According to Cointelegraph, Tether has frozen over $514 million USDT in the past 30 days, affecting 370 addresses. Of this amount, approximately $506 million was frozen on the Tron blockchain, while around $8.73 million was frozen on the Ethereum blockchain.

[Tether Freezes Over $514 Million USDT in the Past 30 Days]According to Cointelegraph, Tether has frozen over $514 million USDT in the past 30 days, affecting 370 addresses. Of this amount, approximately $506 million was frozen on the Tron blockchain, while around $8.73 million was frozen on the Ethereum blockchain.

Tether Freezes Over $514 Million USDT in the Past 30 Days

On May 8, according to official news, the MegaETH Foundation announced that it completed its first MEGA token buyback on May 7, using all net earnings generated by USDM up to the end of April. This marks the official entry of its token economic model into the buyback phase. Currently, the circulating supply of USDm is approximately $480 million, and the related earnings will continue to be used for MEGA token buybacks. In the future, a programmatic and automated on-chain buyback mechanism will be gradually realized through DeFi protocols. The underlying assets of USDm are primarily composed of tokenized U.S. Treasury bonds, which are managed through collateralization with the BlackRock BUIDL fund. The real earnings generated will be fully reinvested into MEGA buybacks, thereby preventing value from flowing to external stablecoin issuers. According to DeFi Llama data, the total TVL on MegaETH has reached $727.4 million, with applications on MegaETH generating cumulative revenues of $1.21 million, $437,000, and $61,000 over the past 30 days, 7 days, and 24 hours respectively, placing it among the top earners in public chains.

[MegaETH Launches MEGA Token Buyback Mechanism, USDm Native Stablecoin Drives On-Chain Yield Growth]On May 8, according to official news, the MegaETH Foundation announced that it completed its first MEGA token buyback on May 7, using all net earnings generated by USDM up to the end of April. This marks the official entry of its token economic model into the buyback phase. Currently, the circulating supply of USDm is approximately $480 million, and the related earnings will continue to be used for MEGA token buybacks. In the future, a programmatic and automated on-chain buyback mechanism will be gradually realized through DeFi protocols. The underlying assets of USDm are primarily composed of tokenized U.S. Treasury bonds, which are managed through collateralization with the BlackRock BUIDL fund. The real earnings generated will be fully reinvested into MEGA buybacks, thereby preventing value from flowing to external stablecoin issuers. According to DeFi Llama data, the total TVL on MegaETH has reached $727.4 million, with applications on MegaETH generating cumulative revenues of $1.21 million, $437,000, and $61,000 over the past 30 days, 7 days, and 24 hours respectively, placing it among the top earners in public chains.

MegaETH Launches MEGA Token Buyback Mechanism, USDm Native Stablecoin Drives On-Chain Yield Growth

According to monitoring by Beating, the Financial Times reported that UK billionaire Chris Hohn's hedge fund TCI has sold nearly $8 billion worth of shares in American software giant Microsoft (MSFT.O) and informed investors that artificial intelligence poses a threat to the company's dominant software products.

[UK Billionaire Chris Hohn's Hedge Fund TCI Sells Nearly $8 Billion in Microsoft Shares]According to monitoring by Beating, the Financial Times reported that UK billionaire Chris Hohn's hedge fund TCI has sold nearly $8 billion worth of shares in American software giant Microsoft (MSFT.O) and informed investors that artificial intelligence poses a threat to the company's dominant software products.

UK Billionaire Chris Hohn's Hedge Fund TCI Sells Nearly $8 Billion in Microsoft Shares

The Hong Kong Securities and Futures Commission (SFC) recently issued a notice warning the public to be cautious of certain unlicensed platforms and related market promotional activities, mentioning HabitTrade. In response, HabitTrade released a statement asserting that it is a licensed Australian brokerage and compliant financial services platform, and it has not conducted any regulated activities in Hong Kong, nor has it promoted or provided related services to the public in Hong Kong. The statement also noted that some third-party promotional content, video materials, and platform diversion activities appearing in the market do not represent HabitTrade's official position. The company reserves the right to pursue legal action against any unauthorized use of its brand, technological channels, or partnerships for misleading promotions and violations. HabitTrade stated that it will continue to prioritize compliance and cooperate with regulatory requirements in relevant jurisdictions to conduct necessary investigations.

[HabitTrade Responds to Hong Kong SFC Announcement: No Regulated Activities in Hong Kong]The Hong Kong Securities and Futures Commission (SFC) recently issued a notice warning the public to be cautious of certain unlicensed platforms and related market promotional activities, mentioning HabitTrade. In response, HabitTrade released a statement asserting that it is a licensed Australian brokerage and compliant financial services platform, and it has not conducted any regulated activities in Hong Kong, nor has it promoted or provided related services to the public in Hong Kong. The statement also noted that some third-party promotional content, video materials, and platform diversion activities appearing in the market do not represent HabitTrade's official position. The company reserves the right to pursue legal action against any unauthorized use of its brand, technological channels, or partnerships for misleading promotions and violations. HabitTrade stated that it will continue to prioritize compliance and cooperate with regulatory requirements in relevant jurisdictions to conduct necessary investigations.

HabitTrade Responds to Hong Kong SFC Announcement: No Regulated Activities in Hong Kong

Algorithmic Stablecoin Protocol Olympus V3, aka codename Bophades, is going into Code Arena audit this week. It is the first iteration of automated utilization of the treasury to support the OHM exchange rate. There are a few major pieces to this release: the core registry (Kernel), treasury, minter, governor, and finally, the range-bound stability (RBS) system.

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【Algorithmic stablecoin protocol Olympus to be upgraded to V3 and rebranded as Bophades】Algorithmic Stablecoin Protocol Olympus V3, aka codename Bophades, is going into Code Arena audit this week. It is the first iteration of automated utilization of the treasury to support the OHM exchange rate. There are a few major pieces to this release: the core registry (Kernel), treasury, minter, governor, and finally, the range-bound stability (RBS) system.

Algorithmic stablecoin protocol Olympus to be upgraded to V3 and rebranded as Bophades

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genius soared to 0.6232 USDT, a new high with a 24-hour increase of 4.42%. It currently trades at 0.5927 USDT on HTX.

Algorithmic stablecoin protocol Olympus to be upgraded to V3 and rebranded as Bophades

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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