Bloomberg: Wall Street Firms Expand Recruitment of Crypto-Related Compound Talent
According to Bloomberg, Wall Street firms are seeking talent in the cryptocurrency space to expand crypto-related businesses under a Trump administration—businesses that would operate in a more regulation-friendly environment. These businesses include blockchain-based payment platforms and wealth management products, as well as investment products such as Bitcoin exchange-traded funds (ETFs) or tokenized money market funds.
Traditional financial firms like JPMorgan Chase and BlackRock have recently posted dozens of job openings related to digital assets. However, the key requirement is that applicants must not only possess experience in Bitcoin trading or blockchain development—they must also have some background in traditional finance.
Morgan Stanley has recently advertised several similar roles, including an Executive Director responsible for supporting the firm’s financial crime initiatives related to digital asset products and services, with a base salary of up to $265,000 per year. BlackRock is hiring a Digital Assets Director, with pre-bonus compensation of up to $270,000 per year.
Bank of America is seeking a Senior Engineer for its digital asset platform, offering a base salary of up to $200,000 per year. Fidelity Investments is recruiting an Engineer for its digital asset business, with pre-bonus compensation of up to $255,000 per year.
[Foresight News]
WTI crude oil fell sharply by 5.00% during the day and is now trading at $92.21/barrel
According to Gate data, WTI crude oil fell 5.00% during the day, now trading at $92.21 per barrel.
[Odaily Planet Daily News]
Sources: The U.S. Department of Justice is investigating a $2.6 billion oil transaction related to the Iran war.
According to ABC News, sources revealed that the U.S. Department of Justice is investigating a series of suspicious trades in the oil market that occurred just before U.S. President Donald Trump made a major statement regarding the Iran war.
The U.S. Department of Justice and the Commodity Futures Trading Commission are investigating at least four such trades, in which traders collectively bet over $2.6 billion on oil prices falling before the price decline.
[Foresight News]
Affected by the impact of artificial intelligence, the translation tool DeepL plans to lay off 25%.
DeepL, a German startup developing translation tools, announced plans to cut approximately 25% of its workforce. CEO Jarek Kutylowski attributed this move to “massive structural shifts” brought about by AI. In a LinkedIn post on Thursday, Kutylowski stated that roughly 250 employees would be laid off. The company currently has slightly more than 1,000 employees.
Across the tech industry, layoffs are accelerating rapidly as AI tools replace tasks traditionally performed by software engineers—and as tech firms reallocate resources toward building their own AI products. Last month, Meta announced plans to cut 10% of its workforce. Microsoft, meanwhile, offered buyout packages to approximately 7% of its U.S. employees.
Founded in 2017, DeepL initially positioned itself as a competitor to Google Translate, offering tools to help developers build multilingual applications. In recent years, the company has also faced growing competition from translation services powered by ChatGPT and other AI tools. DeepL raised $300 million in funding in 2024, achieving a $2 billion valuation, and had previously considered an IPO in the United States.
[Jin10]
Pakistani Official: Pakistan is preparing for possible US-Iran talks
A Pakistani official stated on the 7th that relevant Pakistani departments held a meeting in the capital, Islamabad, that day to prepare for potential U.S.-Iran negotiations—and even a signing ceremony for an agreement—in Islamabad.
Another Pakistani source revealed that the Pakistani military, police, and other relevant personnel also convened a joint meeting in Rawalpindi, a city adjacent to the capital, on the same day to finalize security arrangements and other matters for the possible U.S.-Iran negotiations scheduled for next week.
[PANews]
Binance Launches Gensyn (AIGENSYN) Trading Competition with $200,000 in Prizes
Binance will launch the Gensyn (AIGENSYN) trading competition on May 7, 2026, at 21:00 UTC. The event will be held in two batches: the first from May 7 to May 14, 2026, and the second from May 14 to May 21, 2026.
Participants will be ranked based on their total AIGENSYN token buy trading volume during the event period. The top 3,330 users will share 3,330,000 AIGENSYN tokens equally, with each eligible user receiving 1,000 AIGENSYN tokens.
Rewards will be distributed by June 4, 2026, at 21:00 UTC.
[ChainCatcher]
Binance Alpha Launches AIGENSYN Trading Competition with a Total Prize Pool Worth $200,000
Binance Alpha Launches AIGENSYN Trading Competition with a Total Prize Pool Worth $200,000.00.
Users need to click the “Participate” button on the App activity page to register. Only the trading volume after successful registration will be counted as valid trading volume. The event introduces an early bird bonus coefficient mechanism, with the first day’s transactions enjoying a 2.5x coefficient. The activity is based on the user’s cumulative purchase volume.
[Foresight News]
Analysis: AI Giants’ Profits Surge, Fueled by “Other Income”
AI hyperscale cloud service providers reported strong first-quarter results, but some of these companies’ performance was significantly boosted by a rather unusual item on their income statements: “Other Income.”
Alphabet recorded $37.7 billion in “Other Income” in the first three months of this year alone—more than half of its net income for the same period. Microsoft recorded $942 million in other income during the first quarter of this year, and this line item has contributed a cumulative $7.2 billion over the past nine months.
Oracle disclosed no other income, while Meta posted a $1.1 billion loss under this category. “Other Income” reflects gains and losses arising from changes in the valuations of these companies’ substantial equity stakes in private companies—such as OpenAI and Anthropic. Alphabet is Anthropic’s largest investor, and Amazon is also one of its major investors.
Goldman Sachs analysts wrote last week: “This quarter, profitability growth among hyperscale cloud vendors was driven by an unusually large contribution from investments in private companies. In Q1 2026, Alphabet and Amazon together recorded $53 billion in ‘Other Income’—nearly 60% of their combined quarterly profit and 34% of the total $155 billion profit generated by the five major hyperscale cloud providers this quarter. This represents the highest share in at least the past decade.” This once again highlights the near-absurd interdependence that now characterizes the AI technology industry.
[Jin10]
Kraken acquires stablecoin infrastructure company Reap for $600 million
According to market news: Kraken acquired stablecoin infrastructure company Reap for $600 million.
[Odaily]
Pakistani Official: Pakistan is preparing for possible US-Iran talks
A Pakistani official stated on the 7th that relevant Pakistani departments held a meeting in the capital, Islamabad, that day to prepare for potential U.S.-Iran negotiations—and even the signing ceremony of an agreement—in Islamabad.
Another Pakistani source said that the Pakistani military, police, and other relevant personnel also held a joint meeting that day in Rawalpindi, a city adjacent to the capital, to determine security measures for the possible U.S.-Iran talks scheduled for next week.
[Golden Ten Data APP]
BNY Mellon increased its holdings in Strategy to 1 million shares, with a total position value of approximately $187 million.
BNY Mellon, a bank managing $2.1 trillion in assets, increased its holdings in Bitcoin reserve company MicroStrategy (MSTR) by 101,810 shares, with the added portion valued at approximately $18.7 million.
Currently, BNY Mellon holds a total of 1 million MSTR shares, with a total portfolio value of approximately $187.2 million.
[Odaily]
CatFee.io Launches Free Telegram Bot, Supporting Regular Users to Participate in TRON Energy Leasing
CatFee.io has officially launched its new Telegram bot product, focusing on TRON energy leasing scenarios and further lowering the barrier to entry for ordinary users.
According to reports, the product’s features include “free usage, lightweight entrepreneurship, and automated management.” Users can directly manage energy, purchase energy in bulk, and distribute energy via Telegram—without complex on-chain configuration.
The official team stated that the new version of the bot includes functional modules such as “TRON Companion” to help users quickly launch energy leasing–related businesses. Currently, the bot is available for free use; in the future, it may continuously expand additional TRON ecosystem functionalities, delivering more cost-effective on-chain solutions for high-frequency transfers, daily payments, and fund aggregation scenarios.
[Odaily]
Data: A certain BTC whale stubbornly held a $8.80 million long position and was liquidated. Earlier, it was only 0.06% away from liquidation. The afternoon rebound briefly extended its life, refusing to stop the loss.
According to Hyperinsight monitoring, during the continuous pullback of BTC from its high point last night, the 0xc6c whale on Hyperliquid chose to counter-trend and take on the order, going long on 109.7 BTC with 35x leverage, a scale of $8.80M, at an average price of $82,000.00, with a liquidation line at $80,650.00.
This morning, the BTC decline continued, and the current price once stepped near the liquidation line, with a price difference of less than $50.00 (approximately 0.06%), the whale may have abandoned closing the position for the first time due to most of the funds being lost on paper. Later in the afternoon, BTC rebounded to around $81,680.00, and the book value recovered significantly, and the floating loss narrowed, but the whale chose to stand still again.
Finally, in the past 10 minutes, BTC suffered a large-scale liquidation during the second downward movement, and then manually stopped the loss and left the market before the next round of liquidation, and the account was less than $100,000.00.
[ChainCatcher]
Planet Daily
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Opinion: The United States has economic and geopolitical advantages in the game against Iran;
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A suspected BIT-related wallet deposited 403,290 HYPE, worth $17.30 million, into HyperLiquid;
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BNY Mellon expands digital asset custody business in Abu Dhabi;
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Binance will stop supporting POND, QUICK, and VIC token deposit and withdrawal services;
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OKX launches SPACEX/USDT, OPENAI/USDT, and ANTHROPIC/USDT Pre-IPO pre-market perpetual contracts;
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Duan Yongping: Has exchanged all of his China Shenhua coal stocks for the trendy toy company Pop Mart;
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A whale spent $325,000.00 to purchase sato, with an average purchase market value of $28.40 million;
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Binance will launch BILLUSDT perpetual contracts with up to 20x leverage on May 7;
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Analyst: After Nvidia monopolized the AI chip market for two years, AMD is catching up with its CPU;
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1inch: Not related to the TrustedVolumes security incident, the protocol and user funds were not affected.
Iran designates two shipping lanes for vessels transiting the Strait of Hormuz
According to Iranian media reports on the 7th, the Iranian Islamic Revolutionary Guard Corps Navy has designated two waterways for ships to pass through, and ships are still not allowed to cross the Strait of Hormuz without Iranian permission.
[Odaily]
Virtuals: OpenGradient Titan Launch Airdrop is now live
Official announcement from Virtuals Protocol: The OpenGradient airdrop on Titan Launch has begun. Eligible users can directly claim the OPG airdrop in their Virtuals accounts. A total of 500,000 OPG tokens were distributed today to reward contributions to the Virtuals ecosystem.
The distribution will be weighted based on the following two groups, two weeks after the TGE window: veVIRTUAL holders based on net OPG purchase amount and net OPG purchasers. On average, the OPG airdrop amount received per wallet by the veVIRTUAL group is approximately 6 times that of net OPG purchasers, to ensure that long-term ecosystem holders benefit the most from content released on Virtuals Protocol.
[Foresight News]
This week’s Bybit Savings “Crazy Thursday” event coin is BTC.
Bybit Savings “Crazy Thursday” campaign this week features BTC. Eligible new users can deposit USDT to earn BTC rewards with an APR of 555%.
[Foresight News]
ZachXBT: LAB Founder Involved in CEX Market Manipulation, Harming Retail Investors
ZachXBT posted on X, stating that the LAB founder published philosophical nonsense while simultaneously engaging in market manipulation at CEXs that harmed retail investors; he had attempted to contact the founder privately, but his messages were read and left unanswered.
The scammers have further eroded the industry’s already-limited credibility.
[ChainCatcher]
A new wallet withdrew 2,500 BTC from Binance, worth approximately $202.00 million.
PANews learned on May 7 that, according to on-chain data cited by Onchain Lens, a newly created wallet withdrew 2,500 BTC from Binance, worth approximately $202.00 million.
[PANews]
ZachXBT accuses the LAB team of manipulating the price of its token on CEXs.
On-chain detectives ZachXBT and Specter stated that the team behind the token LAB, LABtrade_, and its founder vsadkovv, frequently engaged in “pump and dump” price manipulation on centralized exchanges by centrally holding a large number of tokens. These activities occurred almost weekly, harming the interests of retail investors.
ZachXBT stated that he had contacted the other party privately without response and pointed out that the founder was posting “philosophical reflections” on social media while participating in manipulative trading. He said that such behavior is further weakening the overall credibility of the crypto industry.
[Foresight News]
Today’s Market Pulse
Traditional finance institutions are aggressively expanding their crypto divisions under a more regulation-friendly environment, while geopolitical tensions in the Middle East continue to influence both traditional and digital asset markets.
Key Themes
Institutional Crypto Integration
Wall Street giants like BlackRock, JPMorgan Chase, and BNY Mellon are significantly expanding their crypto operations, posting dozens of high-paying positions for talent with both traditional finance and crypto expertise. BNY Mellon recently increased its holdings in MicroStrategy to 1 million shares worth approximately $187 million, signaling continued institutional confidence in Bitcoin as a reserve asset. This institutional adoption is accelerating as traditional firms seek to offer blockchain-based payment platforms, wealth management products, and tokenized investment vehicles. Near-term, we expect increased product offerings from these institutions, potentially driving further retail and institutional inflows into the crypto ecosystem.
Geopolitical Market Pressures
Geopolitical tensions in the Middle East are creating significant market volatility, with WTI crude oil falling 5% after the U.S. Department of Justice launched investigations into suspicious $2.6 billion oil trades potentially linked to Iran conflict anticipation. Pakistan is actively preparing for potential U.S.-Iran negotiations, while Iran has designated specific shipping lanes through the Strait of Hormuz, maintaining restrictions on vessel passage. These tensions are creating ripple effects across markets, with a Bitcoin whale recently liquidated an $8.8 million long position during market turbulence. Near-term, continued geopolitical developments could create both volatility and potential opportunities as markets price in various scenarios.
AI-Driven Market Restructuring
The AI industry is undergoing profound restructuring, with DeepL laying off 25% of its workforce due to “massive structural shifts” from AI competition. Major tech firms are reallocating resources toward AI products while reporting unusual boosts to profits from “Other Income” – gains from equity stakes in private AI companies like OpenAI and Anthropic. This interdependence in the AI sector is reaching unprecedented levels, with Alphabet and Amazon collectively reporting $53 billion in “Other Income” in Q1 2026 alone. Near-term, we expect continued consolidation in AI-adjacent sectors as companies realign their workforces and focus areas toward more AI-centric operations.
RichSilo Verdict
Smart money should monitor the accelerating institutional adoption of digital assets by traditional financial powerhouses, with particular attention to BlackRock’s and BNY Mellon’s strategic moves as potential bellwethers for market direction. The geopolitical situation in the Middle East represents both a risk and opportunity, with oil market volatility potentially spilling over into crypto markets. Additionally, watch for how AI industry restructuring impacts tokenized AI projects and whether the “Other Income” phenomenon in major tech companies creates sustainable value or represents speculative excess that could correct in the medium term.
