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On May 9, at the Consensus 2026 conference, Trust Wallet CEO Felix Fan and Mesh CTO Arjun Mukherjee stated that AI Agents are driving the reconstruction of crypto wallet architecture, enabling AI to hold assets, conduct on-chain transactions, and establish on-chain identities. Trust Wallet has launched the Agent Kit, allowing AI Agents to autonomously execute transactions, transfers, and other on-chain operations, and is advancing Ethereum proposal EIP-8004 to provide on-chain identity and credit scoring systems for AI Agents. Felix Fan mentioned that the consumer side still adheres to the 'user holds the keys, gradually authorizing' model, with AI acting more as an assistant for on-chain operations; whereas on the developer side, Agents are allowed to execute operations more autonomously. Mesh has introduced Smart Funding technology, which can automatically route funds between different chains, accounts, and tokens to reduce the complexity of using Web3. The CTO of Mesh noted that one of the core issues faced by AI Agents is 'cold start'—without wallets and funds, Agents cannot truly act, and crypto wallets serve as the foundational financial layer for AI. Both executives believe that major AI platforms in the future may launch their own wallets. Felix Fan mentioned that X has publicly advanced X Money, and Grok is likely to also have a built-in wallet, stating, 'AI like Claude may also run directly on-chain in the future.'

[Perspective: Crypto Wallets are Reconstructing for AI Agents, Future AI May Have Independent On-Chain Wallets]On May 9, at the Consensus 2026 conference, Trust Wallet CEO Felix Fan and Mesh CTO Arjun Mukherjee stated that AI Agents are driving the reconstruction of crypto wallet architecture, enabling AI to hold assets, conduct on-chain transactions, and establish on-chain identities. Trust Wallet has launched the Agent Kit, allowing AI Agents to autonomously execute transactions, transfers, and other on-chain operations, and is advancing Ethereum proposal EIP-8004 to provide on-chain identity and credit scoring systems for AI Agents. Felix Fan mentioned that the consumer side still adheres to the 'user holds the keys, gradually authorizing' model, with AI acting more as an assistant for on-chain operations; whereas on the developer side, Agents are allowed to execute operations more autonomously. Mesh has introduced Smart Funding technology, which can automatically route funds between different chains, accounts, and tokens to reduce the complexity of using Web3. The CTO of Mesh noted that one of the core issues faced by AI Agents is 'cold start'—without wallets and funds, Agents cannot truly act, and crypto wallets serve as the foundational financial layer for AI. Both executives believe that major AI platforms in the future may launch their own wallets. Felix Fan mentioned that X has publicly advanced X Money, and Grok is likely to also have a built-in wallet, stating, 'AI like Claude may also run directly on-chain in the future.'

Perspective: Crypto Wallets are Reconstructing for AI Agents, Future AI May Have Independent On-Chain Wallets

On May 9, it was reported that the Iran war is disrupting oil transportation in the Persian Gulf, leading to a record-speed depletion of global oil inventories, which are meant to cushion against supply shocks. The rapid shrinkage of these stocks indicates that the risk of extreme price spikes and supply shortages is increasing. With the Strait of Hormuz nearing closure for two months, governments and industries have fewer options to cope with the impact of over 1 billion barrels of supply loss. The sharp depletion of inventories also means that even after the conflict ends, the market will remain vulnerable to future supply disruptions for a longer period. Morgan Stanley estimates that from March 1 to April 25, global oil inventories decreased by an average of about 4.8 million barrels per day, far exceeding the previous peak of quarterly inventory reductions compiled by the International Energy Agency. Nearly 60% of the decrease was in crude oil, with the remainder in refined products. The key point is that the oil system also needs to establish a minimum inventory level. Natasha Kaneva, head of global commodities research at JPMorgan, stated that this means that before inventories truly hit rock bottom, the portion of safety stock that cannot be moved has already been reached.

[Institution: Iran War Draining Global Oil Buffer Stocks at Unprecedented Rate]On May 9, it was reported that the Iran war is disrupting oil transportation in the Persian Gulf, leading to a record-speed depletion of global oil inventories, which are meant to cushion against supply shocks. The rapid shrinkage of these stocks indicates that the risk of extreme price spikes and supply shortages is increasing. With the Strait of Hormuz nearing closure for two months, governments and industries have fewer options to cope with the impact of over 1 billion barrels of supply loss. The sharp depletion of inventories also means that even after the conflict ends, the market will remain vulnerable to future supply disruptions for a longer period. Morgan Stanley estimates that from March 1 to April 25, global oil inventories decreased by an average of about 4.8 million barrels per day, far exceeding the previous peak of quarterly inventory reductions compiled by the International Energy Agency. Nearly 60% of the decrease was in crude oil, with the remainder in refined products. The key point is that the oil system also needs to establish a minimum inventory level. Natasha Kaneva, head of global commodities research at JPMorgan, stated that this means that before inventories truly hit rock bottom, the portion of safety stock that cannot be moved has already been reached.

Institution: Iran War Draining Global Oil Buffer Stocks at Unprecedented Rate

On May 9, the re-staking protocol Kelp DAO released an update regarding the rsETH attack incident, stating that within the next 24 hours, the Kelp team will collaborate with Aave to execute a series of contract operations as part of the next phase of the rsETH underlying asset support process. Kelp indicated that users do not need to take any action during this period, and the reopening time window and next steps will be announced through official channels.

[Kelp to Execute rsETH Support Process Contracts with Aave in the Next 24 Hours]On May 9, the re-staking protocol Kelp DAO released an update regarding the rsETH attack incident, stating that within the next 24 hours, the Kelp team will collaborate with Aave to execute a series of contract operations as part of the next phase of the rsETH underlying asset support process. Kelp indicated that users do not need to take any action during this period, and the reopening time window and next steps will be announced through official channels.

Kelp to Execute rsETH Support Process Contracts with Aave in the Next 24 Hours

On May 9, NVIDIA has been making significant investments in upstream and downstream companies amid the AI boom, creating a complete ecosystem from chips to AI models. Data shows that NVIDIA's equity investments have exceeded $40 billion this year. Industry insiders point out that this investment model not only helps NVIDIA secure downstream customers but also ensures a stable supply of hardware requirements to a certain extent.

[NVIDIA Fully Establishes AI Ecosystem with Over $40 Billion in Equity Investments This Year]On May 9, NVIDIA has been making significant investments in upstream and downstream companies amid the AI boom, creating a complete ecosystem from chips to AI models. Data shows that NVIDIA's equity investments have exceeded $40 billion this year. Industry insiders point out that this investment model not only helps NVIDIA secure downstream customers but also ensures a stable supply of hardware requirements to a certain extent.

NVIDIA Fully Establishes AI Ecosystem with Over $40 Billion in Equity Investments This Year

On May 9, Bloomberg reported that BlackRock has filed documents to launch two new tokenized money market funds. One will be linked to the existing approximately $6.1 billion BlackRock Select Treasury Based Liquidity Fund (BSTBL), providing a tokenized version on the Ethereum blockchain; the other is the newly introduced BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), designed for investors using crypto wallets and stablecoins, which will be launched on multiple blockchains.

[BlackRock Plans to Launch Two Tokenized Money Market Funds]On May 9, Bloomberg reported that BlackRock has filed documents to launch two new tokenized money market funds. One will be linked to the existing approximately $6.1 billion BlackRock Select Treasury Based Liquidity Fund (BSTBL), providing a tokenized version on the Ethereum blockchain; the other is the newly introduced BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), designed for investors using crypto wallets and stablecoins, which will be launched on multiple blockchains.

BlackRock Plans to Launch Two Tokenized Money Market Funds

On May 9, the chairman of the Iranian Parliament's Energy Committee stated that oil production continues across multiple oil fields in Iran. He described actions against Iranian tankers as "completely illegal," but noted that the pressure on Iranian oil exports has not shown significant effects. He also mentioned that no official reports have been received regarding an oil spill in the waters surrounding Khark Island. Previously, media reports citing satellite images indicated a suspected large-scale crude oil leak near Khark Island, a key hub for Iranian oil exports, with pollution covering several dozen square kilometers of sea surface, raising concerns about energy supply and maritime safety in the Middle East. In the past 24 hours, Trump threatened that if there is "no progress" in the current situation, the U.S. may restart the "Freedom Plan," which would be an "upgraded version." He also stated that a formal response from Iran regarding the U.S. proposal is expected. However, upon returning to the White House, Trump did not respond to questions about whether he had received a reply from Iran.

[Iranian Officials Deny Large-Scale Oil Spill Near Khark Island]On May 9, the chairman of the Iranian Parliament's Energy Committee stated that oil production continues across multiple oil fields in Iran. He described actions against Iranian tankers as "completely illegal," but noted that the pressure on Iranian oil exports has not shown significant effects. He also mentioned that no official reports have been received regarding an oil spill in the waters surrounding Khark Island. Previously, media reports citing satellite images indicated a suspected large-scale crude oil leak near Khark Island, a key hub for Iranian oil exports, with pollution covering several dozen square kilometers of sea surface, raising concerns about energy supply and maritime safety in the Middle East. In the past 24 hours, Trump threatened that if there is "no progress" in the current situation, the U.S. may restart the "Freedom Plan," which would be an "upgraded version." He also stated that a formal response from Iran regarding the U.S. proposal is expected. However, upon returning to the White House, Trump did not respond to questions about whether he had received a reply from Iran.

Iranian Officials Deny Large-Scale Oil Spill Near Khark Island

GTAI fluctuated by 74.99% within 24 hours, current price $0.02555

【GTAI fluctuated over 50% in 24 hours!】GTAI fluctuated by 74.99% within 24 hours, current price $0.02555

GTAI fluctuated over 50% in 24 hours!

On May 9, British media reported that the UK's HMS Dragon destroyer will be redeployed to the Middle East to participate in the escort mission in the Hormuz Strait.

[UK to Deploy Warship for Hormuz Strait Escort Mission]On May 9, British media reported that the UK's HMS Dragon destroyer will be redeployed to the Middle East to participate in the escort mission in the Hormuz Strait.

UK to Deploy Warship for Hormuz Strait Escort Mission

On May 9, it was reported that a liquefied natural gas carrier associated with Qatar loaded at Ras Laffan Port earlier this month and began attempting to exit the Persian Gulf on Saturday morning local time. Vessel tracking data indicates that the ship is currently navigating a northern route near Qeshm Island and Larak Island, approved by Iran. If the vessel successfully passes through, it will mark the first known Qatari LNG export through the Strait of Hormuz since the outbreak of war at the end of February. The ship's displayed destination is Qasim Port in Pakistan, with an expected arrival date of May 1.

[Qatari LNG Carrier Transits the Strait of Hormuz]On May 9, it was reported that a liquefied natural gas carrier associated with Qatar loaded at Ras Laffan Port earlier this month and began attempting to exit the Persian Gulf on Saturday morning local time. Vessel tracking data indicates that the ship is currently navigating a northern route near Qeshm Island and Larak Island, approved by Iran. If the vessel successfully passes through, it will mark the first known Qatari LNG export through the Strait of Hormuz since the outbreak of war at the end of February. The ship's displayed destination is Qasim Port in Pakistan, with an expected arrival date of May 1.

Qatari LNG Carrier Transits the Strait of Hormuz

According to Cointelegraph, Terra Classic (LUNC)  surged more than 250% month-to-date to reach $0.0005938 on Sep. 8. 
A new staking service went live on the Terra Classic chain on Aug. 27, serving as the first major cue behind the ongoing LUNC price rally. 
Data from StakingRewards show that staking Terra Classic is returning users with an annualized yield of 37.8%, the higher returns could have played a key role in boosting LUNC demand, prompting the token's price to rise by more than 450% since the staking service launch.
In addition to staking, Terra Classic developers have also introduced a token burning mechanism to boost LUNC's scarcity.
Nonetheless, certain technical indicators show that LUNC's price rally is at risk of correcting in the near term. These include its daily relative strength index (RSI), which crossed 90 on Sep. 8, an extremely overbought level that's typically followed by a price correction. 
Also, the recent LUNC gains are accompanied by lower volumes, suggesting traders are unconvinced about the price rally's longevity.

Detail

【Terra Classic price has soared by 250% in September】According to Cointelegraph, Terra Classic (LUNC)  surged more than 250% month-to-date to reach $0.0005938 on Sep. 8. 
A new staking service went live on the Terra Classic chain on Aug. 27, serving as the first major cue behind the ongoing LUNC price rally. 
Data from StakingRewards show that staking Terra Classic is returning users with an annualized yield of 37.8%, the higher returns could have played a key role in boosting LUNC demand, prompting the token's price to rise by more than 450% since the staking service launch.
In addition to staking, Terra Classic developers have also introduced a token burning mechanism to boost LUNC's scarcity.
Nonetheless, certain technical indicators show that LUNC's price rally is at risk of correcting in the near term. These include its daily relative strength index (RSI), which crossed 90 on Sep. 8, an extremely overbought level that's typically followed by a price correction. 
Also, the recent LUNC gains are accompanied by lower volumes, suggesting traders are unconvinced about the price rally's longevity.

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Terra Classic price has soared by 250% in September

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

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