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5/8
21:27
Svmuu News: A source close to DeepSeek revealed that Alibaba and DeepSeek could not reach an agreement on specific financing terms. On one hand, Alibaba's own ecosystem is not highly compatible with DeepSeek, and DeepSeek is not short of potential external investors, hoping to minimize restrictions on the terms.
Additionally, DeepSeek and potential shareholders are currently in negotiations. Bloomberg, citing sources familiar with the matter, reported that Tencent has proposed subscribing to up to 20% of DeepSeek's shares in this financing round, but DeepSeek is reluctant to cede a large proportion of control. According to previous reports, DeepSeek is valued at up to 300 billion and plans to raise 50 billion, of which 20 billion will be internal capital increase and 30 billion external fundraising. This valuation has been confirmed by DeepSeek internal employees. (White Whale Lab)
21:20
Svmuu, the State Duma Committee on State Building and Legislation has recommended the first reading of a government bill imposing criminal liability for the illegal mining of cryptocurrencies. The bill adds a new Article 171.6 to the Criminal Code of the Russian Federation, holding individuals accountable for mining activities not included in the state register, as well as for providing mining infrastructure operation services without a license.
If the illegal income or damages exceed 3.5 million rubles, the penalty could be a fine of up to 1.5 million rubles or up to two years of compulsory labor. If committed by an organized group or if the income exceeds 13 million rubles, the maximum fine rises to 2.5 million rubles, with a potential prison term of up to five years. In all violation cases, the mined cryptocurrencies will be confiscated. Currently, approximately 50,000 entities are engaged in mining in Russia, but only 1,489 are registered in the state register.
20:57
Svmuu reported that Arthur Hayes stated at the Consensus Miami 2026 event that 99% of altcoins could drop to zero, which is part of a normal market cleansing. Since 1929, approximately 98% of companies in the S&P 500 have gone to zero, meaning most stocks are also altcoins over the long term. Cryptocurrencies crash faster due to 24/7 trading and a lack of restrictions. He suggests viewing tokens as software; the failure of most software projects due to an inability to attract users is a normal business reality.
The price and future value of Bitcoin depend on the total amount of fiat currency and the speed at which it is created, and are unrelated to politics or regulation. Bitcoin is currently trading at around $82,000, and its utility lies in allowing users to transfer value outside the traditional financial system. Centralized crypto companies seek regulation to protect their businesses, but this will not impact the validity of Bitcoin or cryptocurrencies.
20:41
According to SoSoValue data, yesterday (Eastern Time May 8), SOL spot ETFs recorded a total net inflow of $6.2346 million in a single day.
Only the Bitwise Solana Staking ETF (BSOL) saw inflows yesterday, with a single-day net inflow of $6.2346 million, bringing its historical total net inflow to $862 million.
As of press time, the total net asset value of SOL spot ETFs stood at $987 million, with a net asset ratio of 1.82% and a cumulative historical net inflow of $1.057 billion.
20:36
Svmuu reported that “Cathie Wood” posted on platform X, stating that despite the rise in oil prices over the past three months, the yield curve continues to flatten, and the Federal Reserve has not monetized this energy shock. The bond market may be starting to price in the deflationary effects driven by AI and technology-driven productivity gains. Currently, the cost of AI model training and inference has significantly dropped, productivity growth is accelerating, and unit labor costs remain subdued.
Although the current market narrative is focused on tariffs, deficits, and structurally high inflation, the underlying signals suggest that innovation-related deflationary forces are building. It is expected that inflation could be lower than anticipated over the next 6 to 9 months, which will have profound implications for interest rates and long-duration stocks.
20:33
Svmuu reports that according to Lookonchain monitoring, an address, after being dormant for 7 months, bought 67,648 SOL and 6.2 million JUP in the past 6 hours, valued at $6.23 million and $1.52 million respectively.
20:23
Speaking at the White House on the 8th, U.S. President Trump told the media that the United States may resume the "Freedom Plan" operation aimed at guiding stranded vessels in the Strait of Hormuz, and expects to receive a response from Iran later that evening regarding the U.S.-proposed bilateral agreement.
Trump said he believes the "Freedom Plan" is a good idea, but "there are other solutions." If progress is not achieved, the U.S. may restart the "Freedom Plan." However, "it will be an upgraded version of the 'Freedom Plan,' meaning additional measures will be added on top of the original plan." (Xinhua News Agency)
20:18
Svmuu reported that, according to Onchain Lens monitoring, Tether has burned 2 billion USDT on the Ethereum network. Since April 18, Tether has minted 5 billion USDT, of which 2 billion USDT was burned 5 hours ago.
20:15
Svmuu reported that Telegram founder Pavel Durov posted on X platform, stating that TON ranks first in annual staking rewards among the top 50 cryptocurrencies by market capitalization.
Previously reported, TON network transaction fees have been reduced by 6 times; and Telegram will replace the TON Foundation as the largest validator on the network.
Telegram Founder Pavel Durov: TON Tops Yearly Staking Rewards Among Top 50 Cryptocurrencies
20:12
According to SoSoValue data, yesterday (May 8, Eastern Time), the XRP spot ETF recorded a total net inflow of $6.0407 million for the single day.
Only the Canary XRP ETF (XRPC) saw net inflows yesterday, with a single-day net inflow of $6.0407 million. Its historical total net inflow has now reached $438 million.
As of press time, the total net asset value of XRP spot ETFs stands at $1.115 billion, with an XRP net asset ratio of 1.26%. The historical cumulative net inflow has reached $1.325 billion.
20:09
According to Onchain Lens monitoring, a whale has opened a long position worth $10.2 million in ZEC with 10x leverage over the past 3 hours, with a liquidation price of $565.64. The whale also currently holds long positions in CRCL and NVDA, with leverage multiples of 10x and 20x respectively.
20:04
Mustafa, a member of the Polymarket official team, posted on platform X that Polymarket has launched a $2 million liquidity rewards program for sports markets, which will continue over the next few weeks. At the same time, the platform will also roll out additional liquidity incentives for other markets in the coming days.
Polymarket Launches $2 Million Liquidity Incentives for Sports Markets
20:03
Svmuu reported that LayerZero Labs posted on platform X, stating that the internal RPC used by LayerZero Labs had been attacked by the Lazarus Group over the past three weeks, compromising the true source of its DVN (Decentralized Verifier Network). Meanwhile, external RPC providers experienced DDoS attacks. The incident affected 0.14% of applications and approximately 0.36% of asset value. LayerZero Labs stated that assets are currently secure, and over $9 billion in funds have been bridged through the protocol since April 19.
In response to the security risk, LayerZero Labs has ceased providing services for its DVN in a 1/1 configuration. Default configurations for all pathways will migrate to a multi-DVN model of at least 3/3 or 5/5 signatures. Additionally, regarding an incident from three years ago where a multi-sig holder mistakenly used a hardware wallet for personal transactions, LayerZero Labs has removed that signer and replaced the wallet, while developing a custom OneSig multi-sig system. LayerZero Labs advises developers to lock configurations to avoid reliance on default settings and plans to launch an asset management platform, Console, to enhance security monitoring.
19:49
Svmuu Seer Channel monitoring shows that in the Polymarket "NBA Playoffs Eastern Conference Semifinals G3 Knicks vs. 76ers" prediction event, an account with a win rate over 55% (address: 0xa71093cafc0c099b4ccab24c3cb8018d817923c4) purchased over $200,000 on the Knicks defeating the 76ers, with an average opening price of 41¢ and an unrealized loss of $12,500.
The NBA Playoffs Eastern Conference Semifinals G3 Knicks vs. 76ers started at 7:00 AM Beijing time today. The game is currently in the second quarter with a score of 33:35, with the 76ers temporarily leading. The series score is 2:0, with the Knicks temporarily leading.
Svmuu Seer Channel continues to monitor the prediction market, seeing changes before pricing.
18:34
Duke University law lecturer Lee Reiners stated that World Liberty Financial, a project associated with the Trump family, may have its governance token WLFI classified as an unregistered security.
He pointed out that although the project defines WLFI as a governance token, its issuance method, marketing approach, and investors' expectation of profits align with the criteria of the "Howey Test" used by the SEC to determine securities.
Furthermore, the large-scale pre-sale of WLFI before the protocol's official launch, along with its promotion leveraging the Trump brand, is also seen as reinforcing its "investment-type" characteristics.
18:34
Svmuu reports that on-chain analysis firm CryptoQuant stated that with the recent price increase, profit-taking activity in the Bitcoin market could increase further.
Data shows that Bitcoin has risen over 20% since the beginning of April, but the firm still defines this market movement as a "bear market rally." Currently, the short-term holder profitability indicator has remained above 1, suggesting that the market has been in a phase of continuous profit-taking since mid-April.
The analysis suggests that although selling pressure is rising, a price correction may still take time to materialize.
18:25
Svmuu reported that after the U.S. Senate reached a compromise on stablecoin yield issues, expectations for advancing the crypto market structure bill have noticeably improved. Industry insiders stated that this progress "significantly boosted market sentiment," and the Senate Banking Committee may advance deliberation and voting as early as next week.
Previously, the probability of the bill passing was only around 20%–30%, but expectations have now risen to approximately 60%. However, ethical issues surrounding Donald Trump and his crypto-related business ties are still seen as a key final obstacle.
The bill aims to establish a comprehensive federal regulatory framework for the first time and delineate the regulatory authority between the SEC and the CFTC.
18:24
Svmuu reports that a report from CertiK shows that in the first four months of 2026, 34 "wrench attacks" (offline violence or coercion to obtain crypto assets) have occurred globally, a 41% increase year-over-year, with cumulative losses of approximately $101 million.
The report indicates that attack patterns are shifting towards being "data-driven," involving prior collection of victim information and incorporating "proxy targets," such as family members, into the threat scope to apply pressure.
Regionally, Europe accounts for 82% of incidents, with France being the most concentrated. Industry insiders believe that such attacks have become a significant security risk for crypto asset holders.
18:14
Svmuu reports that Payward (Kraken's parent company) has applied to the OCC for a national trust company charter, planning to establish Payward National Trust Company (PNTC).
The entity will offer regulated, bank-grade digital asset custody and trust services to both institutional and individual clients.
Previously, Coinbase and Ripple have received conditional approval for similar charters, indicating that crypto institutions are accelerating their alignment with compliant financial systems.
18:13
SvmuuNews: SEC Chairman Paul Atkins has stated that the regulator is considering establishing new rules for on-chain financial markets and related software applications.
Atkins pointed out that current DeFi software protocols are difficult to classify within traditional regulatory frameworks as exchanges, brokers, or clearing agencies, as a single protocol often simultaneously performs multiple functions such as trade execution, collateral management, liquidity routing, and settlement.
His remarks are seen as a sign of the SEC adopting a more open attitude towards the crypto industry, appearing friendlier compared to his predecessor Gary Gensler. Meanwhile, the SEC is also exploring innovative exemption mechanisms for tokenized securities and advancing the clarification of digital asset classification systems.

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