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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

On May 8, The Bitcoin Historian reported that the Swiss Central Bank has just increased its stake in the Bitcoin reserve company Strategy (MSTR) by $9 million.

[Swiss Central Bank Increases Stake in $9 Million Strategy (MSTR) Stock]On May 8, The Bitcoin Historian reported that the Swiss Central Bank has just increased its stake in the Bitcoin reserve company Strategy (MSTR) by $9 million.

Swiss Central Bank Increases Stake in $9 Million Strategy (MSTR) Stock

On May 8, 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 engaged in 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 traffic-driving activities circulating 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, technical 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 SFC Announcement: No Regulated Activities in Hong Kong]On May 8, 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 engaged in 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 traffic-driving activities circulating 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, technical 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 SFC Announcement: No Regulated Activities in Hong Kong

On May 8, Iranian media outlet Fars News reported that sporadic clashes occurred between the 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 Vessels in the Strait of Hormuz]On May 8, Iranian media outlet Fars News reported that sporadic clashes occurred between the 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 Vessels in the Strait of Hormuz

According to The Block, crypto investment platform Freeway halted services on Sunday, triggering a significant decline in the value of its in-house token. The token has dropped by more than 80% in the past 24 hours and users on Telegram were unclear as to the exact nature of the situation. The Freeway token is trading at $0.00110245, according to CoinGecko. Freeway claims to offer up to 43% annual rewards on so-called "Superchargers" denominated in crypto and fiat currencies. Users deposit funds and purchase Superchargers, which generate yield. These products can then be sold back and the funds returned back. However, Freeway said in its statement that "we will not be buying Supercharger simulations until our new strategies are implemented." A discussion erupted on the company's Telegram channel, with one user saying: "I can’t liquidate my supercharger and get my funds bc FREEWAY is 'temporarily' not buying back the superchargers they sold me." Freeway wrote: "We will notify you when we are ready to recommence partial Supercharger simulation purchases (buy-backs) and then again as we can recommence full Supercharger simulation purchases as well as on platform Freeway Token (FWT) Deposits and Buys."

Detail

【Crypto platform Freeway announces services halt, token tumbles】According to The Block, crypto investment platform Freeway halted services on Sunday, triggering a significant decline in the value of its in-house token. The token has dropped by more than 80% in the past 24 hours and users on Telegram were unclear as to the exact nature of the situation. The Freeway token is trading at $0.00110245, according to CoinGecko. Freeway claims to offer up to 43% annual rewards on so-called "Superchargers" denominated in crypto and fiat currencies. Users deposit funds and purchase Superchargers, which generate yield. These products can then be sold back and the funds returned back. However, Freeway said in its statement that "we will not be buying Supercharger simulations until our new strategies are implemented." A discussion erupted on the company's Telegram channel, with one user saying: "I can’t liquidate my supercharger and get my funds bc FREEWAY is 'temporarily' not buying back the superchargers they sold me." Freeway wrote: "We will notify you when we are ready to recommence partial Supercharger simulation purchases (buy-backs) and then again as we can recommence full Supercharger simulation purchases as well as on platform Freeway Token (FWT) Deposits and Buys."

Crypto platform Freeway announces services halt, token tumbles

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BTC falls below 80000 USDT

Crypto platform Freeway announces services halt, token tumbles

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

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