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On May 9, Trump Media & Technology Group (TMTG) released its financial report for Q1 2026, showing a net loss of $405.9 million, with unrealized losses from digital assets and equity securities amounting to $368.7 million, making up the majority of the total loss. According to CoinGecko data, TMTG's crypto asset portfolio is currently valued at $821.9 million, with a cost basis of $1.24 billion, resulting in an overall unrealized loss of approximately $423 million. The asset portfolio includes 9,542 BTC (valued at $767 million, with an average price of $118,529) and 756 million CRO (valued at $54 million). Bitcoin fell about 22% in the quarter, marking the worst quarterly performance since 2018. On the operational side, Truth Social generated only $900,000 in revenue, but achieved an operating cash flow of $17.9 million, marking the fourth consecutive quarter of positive cash flow. The company's total assets reached $2.2 billion, nearly tripling from $759 million in the same period last year.

[Trump Media Reports $406 Million Net Loss in Q1, Unrealized Losses from Crypto and Equity Dominate]On May 9, Trump Media & Technology Group (TMTG) released its financial report for Q1 2026, showing a net loss of $405.9 million, with unrealized losses from digital assets and equity securities amounting to $368.7 million, making up the majority of the total loss. According to CoinGecko data, TMTG's crypto asset portfolio is currently valued at $821.9 million, with a cost basis of $1.24 billion, resulting in an overall unrealized loss of approximately $423 million. The asset portfolio includes 9,542 BTC (valued at $767 million, with an average price of $118,529) and 756 million CRO (valued at $54 million). Bitcoin fell about 22% in the quarter, marking the worst quarterly performance since 2018. On the operational side, Truth Social generated only $900,000 in revenue, but achieved an operating cash flow of $17.9 million, marking the fourth consecutive quarter of positive cash flow. The company's total assets reached $2.2 billion, nearly tripling from $759 million in the same period last year.

Trump Media Reports $406 Million Net Loss in Q1, Unrealized Losses from Crypto and Equity Dominate

On May 9, renowned KOL Hanbalongwang posted on X in response to the 'sat1 call event.' He stated that he participated solely as a trader and has no affiliation with the sat1 token project itself. The call for sat1 was only voiced within a group, and other groups amplified its influence through sharing, hoping to create liquidity. The reason for the call was to encourage sat1 to surpass sato for mutual profit, but he underestimated the level of PVP in the primary market, which failed to create a collective force. His current holdings are approximately at break-even, with a cost of 565 ETH, currently valued at 543 ETH. He stated the following regarding the handling of the call event: he will immediately sell all his sat1 holdings, and the ETH obtained will be used to compensate users who incurred losses from the call. He will no longer prove his profit or loss and will withdraw from the internet after the event is resolved. According to GMGN market data, as of the time of publication, sat1's market capitalization is reported at $1.2 million, having previously peaked at $8.4 million.

[KOL Hanbalongwang Responds to Sat1 Call Event: Will Sell Holdings to Compensate Users for Losses]On May 9, renowned KOL Hanbalongwang posted on X in response to the 'sat1 call event.' He stated that he participated solely as a trader and has no affiliation with the sat1 token project itself. The call for sat1 was only voiced within a group, and other groups amplified its influence through sharing, hoping to create liquidity. The reason for the call was to encourage sat1 to surpass sato for mutual profit, but he underestimated the level of PVP in the primary market, which failed to create a collective force. His current holdings are approximately at break-even, with a cost of 565 ETH, currently valued at 543 ETH. He stated the following regarding the handling of the call event: he will immediately sell all his sat1 holdings, and the ETH obtained will be used to compensate users who incurred losses from the call. He will no longer prove his profit or loss and will withdraw from the internet after the event is resolved. According to GMGN market data, as of the time of publication, sat1's market capitalization is reported at $1.2 million, having previously peaked at $8.4 million.

KOL Hanbalongwang Responds to Sat1 Call Event: Will Sell Holdings to Compensate Users for Losses

Join us for an exciting evening of blockchain networking with Astarter! Connect with 100+ investors and the community.

[Astarter Turkey Meetup — Istanbul Networking Night 🇹🇷]Join us for an exciting evening of blockchain networking with Astarter! Connect with 100+ investors and the community.

Astarter Turkey Meetup — Istanbul Networking Night 🇹🇷

On May 9, prediction market platform Kalshi announced a partnership with the sports venue Madison Square Garden. Kalshi has become its official prediction market partner, and the sixth-floor concourse of Madison Square Garden (primarily used for merchandise sales, dining, bars, and high-traffic areas) has been officially renamed the Kalshi Concourse.

[Kalshi Partners with Madison Square Garden as Official Prediction Market Partner]On May 9, prediction market platform Kalshi announced a partnership with the sports venue Madison Square Garden. Kalshi has become its official prediction market partner, and the sixth-floor concourse of Madison Square Garden (primarily used for merchandise sales, dining, bars, and high-traffic areas) has been officially renamed the Kalshi Concourse.

Kalshi Partners with Madison Square Garden as Official Prediction Market Partner

On May 9, the prediction market Kalshi announced a partnership with the venue Madison Square Garden, becoming its official prediction market partner. The sixth-floor concourse of Madison Square Garden will be officially renamed Kalshi Concourse, primarily used for merchandise sales, dining, and bars.

[Kalshi Announces Partnership with Madison Square Garden as Official Prediction Market]On May 9, the prediction market Kalshi announced a partnership with the venue Madison Square Garden, becoming its official prediction market partner. The sixth-floor concourse of Madison Square Garden will be officially renamed Kalshi Concourse, primarily used for merchandise sales, dining, and bars.

Kalshi Announces Partnership with Madison Square Garden as Official Prediction Market

On May 9, Strike CEO Jack Mallers stated on the What Bitcoin Did podcast that Wall Street's large-scale participation in Bitcoin does not threaten its core principles. If Wall Street could 'kill' Bitcoin, then Bitcoin never had the potential for success. The essence of Bitcoin is 'money for everyone,' and it should be inclusive of all, including opponents and traditional institutions. Mallers emphasized that Bitcoin is competing with global capital, and assets like real estate, art, and government debt will be demonetized, while Bitcoin will be monetized. The involvement of traditional financial institutions is an inevitable result of this process rather than a threat. Although Bitcoin ETFs have attracted billions of dollars in funding and some Bitcoin supporters are concerned that institutional concentration could impact Bitcoin development, this is a positive signal for Bitcoin's move towards the mainstream.

[Strike CEO: Wall Street Cannot Threaten Bitcoin, Traditional Financial Institutions' Involvement is Inevitable]On May 9, Strike CEO Jack Mallers stated on the What Bitcoin Did podcast that Wall Street's large-scale participation in Bitcoin does not threaten its core principles. If Wall Street could 'kill' Bitcoin, then Bitcoin never had the potential for success. The essence of Bitcoin is 'money for everyone,' and it should be inclusive of all, including opponents and traditional institutions. Mallers emphasized that Bitcoin is competing with global capital, and assets like real estate, art, and government debt will be demonetized, while Bitcoin will be monetized. The involvement of traditional financial institutions is an inevitable result of this process rather than a threat. Although Bitcoin ETFs have attracted billions of dollars in funding and some Bitcoin supporters are concerned that institutional concentration could impact Bitcoin development, this is a positive signal for Bitcoin's move towards the mainstream.

Strike CEO: Wall Street Cannot Threaten Bitcoin, Traditional Financial Institutions' Involvement is Inevitable

On May 9, Strike CEO Jack Mallers stated in the What Bitcoin Did podcast that Wall Street's large-scale participation in Bitcoin does not threaten its core principles. If Wall Street could 'kill' Bitcoin, then Bitcoin never had the potential for success. The essence of Bitcoin is 'currency for everyone,' which should be inclusive of all, including opponents and traditional institutions. Mallers emphasized that Bitcoin is competing with global capital, and assets such as real estate, art, and government debt will be demonetized, while Bitcoin will be monetized. The involvement of traditional financial institutions is an inevitable outcome of this process rather than a threat. Although Bitcoin ETFs have attracted billions of dollars in investments, and some Bitcoin supporters worry that institutional concentration of control could impact Bitcoin development, this is a positive signal for Bitcoin's move towards the mainstream.

[Strike CEO: Wall Street Cannot Threaten Bitcoin, Traditional Financial Institutions' Involvement is Inevitable]On May 9, Strike CEO Jack Mallers stated in the What Bitcoin Did podcast that Wall Street's large-scale participation in Bitcoin does not threaten its core principles. If Wall Street could 'kill' Bitcoin, then Bitcoin never had the potential for success. The essence of Bitcoin is 'currency for everyone,' which should be inclusive of all, including opponents and traditional institutions. Mallers emphasized that Bitcoin is competing with global capital, and assets such as real estate, art, and government debt will be demonetized, while Bitcoin will be monetized. The involvement of traditional financial institutions is an inevitable outcome of this process rather than a threat. Although Bitcoin ETFs have attracted billions of dollars in investments, and some Bitcoin supporters worry that institutional concentration of control could impact Bitcoin development, this is a positive signal for Bitcoin's move towards the mainstream.

On May 9, Bank of America's latest forecast indicated that the Federal Reserve will delay interest rate cuts until the second half of 2027, primarily due to high inflation levels and strong employment growth. Previously, Bank of America’s global research department had anticipated that the Fed would cut rates once in both September and October this year, based on expectations that Trump would nominate Kevin Warsh to replace Powell as Fed Chair, leading policymakers to adopt looser monetary policy. However, with changing economic conditions, this outlook has shifted. Bank of America economists now state, 'We no longer expect the Fed to cut rates this year.' They also noted that multiple factors impacting the economy, including the war in Iran, tariffs, and the rise of artificial intelligence, have made predicting rate changes more challenging. Greater divergence in the Fed's rate decisions often leans towards maintaining rates for a longer period. In the recent April 2026 FOMC meeting, the Fed recorded its largest divergence since 1992 with an 8-4 voting result, making it increasingly difficult to reach a consensus on rate adjustments, which in turn promotes a 'status quo' inertia, leading policies to 'pause' at current levels for a longer time while awaiting more data to resolve uncertainties.

[Bank of America Adjusts Rate Cut Expectations: No Cuts Expected This Year Amid Inflation and Employment Stability]On May 9, Bank of America's latest forecast indicated that the Federal Reserve will delay interest rate cuts until the second half of 2027, primarily due to high inflation levels and strong employment growth. Previously, Bank of America’s global research department had anticipated that the Fed would cut rates once in both September and October this year, based on expectations that Trump would nominate Kevin Warsh to replace Powell as Fed Chair, leading policymakers to adopt looser monetary policy. However, with changing economic conditions, this outlook has shifted. Bank of America economists now state, 'We no longer expect the Fed to cut rates this year.' They also noted that multiple factors impacting the economy, including the war in Iran, tariffs, and the rise of artificial intelligence, have made predicting rate changes more challenging. Greater divergence in the Fed's rate decisions often leans towards maintaining rates for a longer period. In the recent April 2026 FOMC meeting, the Fed recorded its largest divergence since 1992 with an 8-4 voting result, making it increasingly difficult to reach a consensus on rate adjustments, which in turn promotes a 'status quo' inertia, leading policies to 'pause' at current levels for a longer time while awaiting more data to resolve uncertainties.

Bank of America Adjusts Rate Cut Expectations: No Cuts Expected This Year Amid Inflation and Employment Stability

On May 9, according to Lianhe Zaobao, former Singapore Navy personnel Zhang Rongxuan stole 1.7 million USDT after learning that a friend had stored cryptocurrency in a cold wallet. He spent the stolen funds on luxury watches, gambling, and repaying a mortgage, and was sentenced to six years and ten months in prison. At the time of the crime, Zhang was a captain in the Navy's elite diving unit. He had met the victim and co-managed a non-fungible token trading platform with friends, which was affiliated with Upstairs Research Pte Ltd and owned by DiGi Selection Holdings Pte Ltd. After security companies tracked the cryptocurrency wallet, Zhang admitted to committing the crime due to significant losses incurred from the collapse of FTX.

[Former Singaporean Officer Sentenced to 6 Years and 10 Months for Stealing 1.7 Million USDT from Friend]On May 9, according to Lianhe Zaobao, former Singapore Navy personnel Zhang Rongxuan stole 1.7 million USDT after learning that a friend had stored cryptocurrency in a cold wallet. He spent the stolen funds on luxury watches, gambling, and repaying a mortgage, and was sentenced to six years and ten months in prison. At the time of the crime, Zhang was a captain in the Navy's elite diving unit. He had met the victim and co-managed a non-fungible token trading platform with friends, which was affiliated with Upstairs Research Pte Ltd and owned by DiGi Selection Holdings Pte Ltd. After security companies tracked the cryptocurrency wallet, Zhang admitted to committing the crime due to significant losses incurred from the collapse of FTX.

Former Singaporean Officer Sentenced to 6 Years and 10 Months for Stealing 1.7 Million USDT from Friend

HTX data monitoring shows that ETH has fallen below 2300 USDT, currently reported at 2298.93 USDT, with a 24H decline of 2.87%.

【ETH falls below 2300 USDT】HTX data monitoring shows that ETH has fallen below 2300 USDT, currently reported at 2298.93 USDT, with a 24H decline of 2.87%.

ETH falls below 2300 USDT

$1,000 in Little Pepe ($LILPEPE) Could Mirror Early Ethereum Gains if Adoption Trends Continue

硅谷大厂的AI“含金量”开始分级

对话a16z Crypto：AI替你购物的时代，会变成什么样？

BVNK 创始人：稳定币发展的三个阶段

Bitcoin 2026大会洞察：挖矿衰落，AI崛起，一场结构性大迁徙

Sam Altman最新专访自白：其实我也不太懂AI内部在发生什么

对话Dragonfly合伙人：散户离场机构兜底，今年加密货币波动性难超美股

XRP Power Play: SBI Holdings Submits LOI To Acquire Bitbank In Major Asia Move

一周代币解锁：ENA解锁价值约1700万美元代币

This Week In Bitcoin: Top Developments That Could Signal A New Era

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Directly Competing with Claude Code: SpaceXAI's All-Platform Desktop Agent Grok Build Unexpectedly Revealed

Revolut App Displays Bitcoin Price Anomaly, Showing BTC Drop to 2 Cents

ETH falls below 2300 USDT

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