Re Migrating cross-chain infrastructure from LayerZero to Chainlink CCIP
Decentralized reinsurance protocol Re has migrated the cross-chain infrastructure of its deposit token reUSD from LayerZero to Chainlink CCIP, and uses it as its only cross-chain solution.
Re stated that the main reasons for choosing Chainlink CCIP include its adoption of the default security mechanism of the decentralized oracle network (DON), redundant verification of each bridge channel by 16 independent node operators, and built-in native rate limiting and circuit breaker mechanism, while it has passed SOC 2 Type 2 certification.
Previously, Kelp DAO and Solv Protocol both switched to using Chainlink CCIP cross-chain infrastructure after the Kelp DAO attack.
[Foresight News]
The U.S. Department of Defense publicly released its first batch of 162 new UFO files, but found no evidence to explicitly confirm the discovery of alien technology.
The U.S. Department of Defense has begun releasing new UFO files, stating that the public can judge information about “Unidentified Anomalous Phenomena” (UAP) for themselves. The first batch of publicly available content includes 162 documents, such as old U.S. Department of State telegrams, FBI files, and NASA manned space mission records.
One document details an FBI interview: a person described as a drone pilot said they witnessed a “linear object” in September 2023, the light from which was so bright that they could “even see the stripes in the light.” The interview record states: “The object remained visible for approximately 5 to 10 seconds, then the lights went out and the object disappeared.”
Another document is a NASA photo from the 1972 Apollo 17 mission, showing three points of light arranged in a triangular pattern. The Pentagon said in a statement: “There is currently no consensus on the nature of this anomaly,” but new preliminary analysis suggests it may be a “physical object.”
The Pentagon has been working to declassify UFO-related documents for years, and the U.S. Congress established a dedicated office in 2022 to be responsible for the public release of related materials. The office’s first report, released in 2024, disclosed hundreds of new UAP incidents but found no evidence that the U.S. government had confirmed the discovery of alien technology.
[Golden Ten Data]
Data: Tether has frozen over $500.00M USDT in the past 30 days, and had cumulatively frozen $1.26B in 2025
Tether has frozen over $514.00 million USDT across 370 addresses in the past 30 days. Among them, approximately $506.00 million was frozen on the Tron chain, and approximately $8.73 million was frozen on the Ethereum chain.
BlockSec’s analysis of 2025 data shows that Tether has cumulatively blacklisted 4163 unique addresses on the Ethereum and Tron chains, freezing a total of $1.26 billion USDT.
[Cointelegraph]
POLITICO: Exchanges like Coinbase lobbied Congress to remove anti-manipulation clauses from crypto bill
According to POLITICO, documents of amendments submitted by three exchanges to the Senate Agriculture Committee, which it obtained, show that Coinbase, Kraken, and Gemini had suggested to the Senate Agriculture Committee that it remove the clause in the pending crypto market structure bill that requires platforms to only list assets that are “not susceptible to manipulation.”
The three exchanges are concerned that the clause would limit their ability to list small-cap tokens, as such tokens have lower trading volumes and are difficult to prove that there is no risk of manipulation. In response, the three exchanges jointly stated that their legislative participation goal is to expand regulatory coverage rather than reduce protection.
Currently, the Senate Banking Committee is accelerating negotiations on the bill, and it is expected to complete committee review as early as next week.
[Foresight News]
In the past 24 hours, the entire network contract爆仓 was $173.00 million, mainly爆多单.
According to CoinAnk data on May 8, $173 million worth of cryptocurrency futures contracts were liquidated across the entire market in the past 24 hours, including $113 million in long positions and $60.5283 million in short positions.
The total liquidation amount for BTC was $45.4798 million, and for ETH it was $33.0168 million.
[PANews]
CryptoQuant Analyst: Bitcoin’s open interest hits the largest yearly increase, surpassing the 2025 high.
CryptoQuant analyst Darkfost tweeted that the Bitcoin market is still dominated by the futures market, and the recent bullish momentum mainly comes from investors gradually returning to the derivatives market. Although the funding rate has remained negative for many consecutive weeks, Bitcoin’s open interest has recorded its largest increase since 2026, and has exceeded the increase during the formation of the historical high in 2025.
Darkfost pointed out that although this reflects the slow return of market optimism, it also leads to a more fragile market structure, and high-leverage positions are prone to amplify volatility and liquidation risks.
[ChainCatcher]
Enterprise Ethereum Alliance staked part of its treasury ETH as stETH via Lido.
According to the Lido blog, the Enterprise Ethereum Alliance (EEA) has staked part of its treasury ETH via the Lido protocol and holds stETH.
EEA Executive Director Redwan Meslem stated that the core considerations for treasury decisions are threefold: whether withdrawals can be made on demand, whether the custody architecture is supported, and whether the asset has already undergone review by a regulated entity—all of which stETH satisfies.
[Foresight News]
U.S. May 1-year inflation expectation preliminary reading at 4.5%, expected 4.8%
The preliminary value of the U.S. one-year inflation rate expectation in May is 4.5%, with an expectation of 4.8% and a previous value of 4.70%.
The preliminary value of the U.S. Michigan Consumer Sentiment Index in May is 48.2, with an expectation of 49.5 and a previous value of 49.8.
[Odaily]
MegaETH Foundation launches MEGA token buyback, with the first batch of funds coming from the full net proceeds of USDm.
The MegaETH Foundation announced the official launch of the MEGA token buyback program, and the first MEGA buyback was completed on May 7, funded entirely by the cumulative net proceeds generated by the USDm issuer as of the end of April.
The official statement emphasized that USDm is neither issued nor operated by the MegaETH Foundation or MegaLabs. The current USDm supply stands at approximately $480 million, and future MEGA buybacks will be executed programmatically to the greatest extent possible, operating automatically according to predefined rules.
The amount of funds available for each subsequent buyback round is not fixed and will be influenced by changes in the USDm supply and the yield generated by the underlying reserve assets.
[Odaily]
SoftBank’s OpenAI equity-backed financing plan reduced to $6.00B, AI valuation disagreements lead to tighter financing.
SoftBank Group has scaled back a financing plan backed by OpenAI equity. The original plan aimed to raise approximately $1.00 billion in margin loans, but the size may now be reduced to around $6.00 billion.
Reports indicate that some lenders expressed concerns about the transaction structure and the reliability of OpenAI’s valuation as a private company—key factors hindering progress on the financing. The loan was initially structured as a two-year facility, extendable by one year, secured against SoftBank’s OpenAI equity stake, and intended to further expand SoftBank’s investment footprint in the AI sector.
In recent years, SoftBank has consistently intensified its focus on AI, having invested roughly $30.00 billion in OpenAI via Vision Fund 2 and participated in major AI infrastructure initiatives—including Stargate. However, this financing adjustment also reflects a broader trend: despite the ongoing AI investment boom, market sentiment is turning more cautious regarding the verifiability of valuations for private AI giants, with some institutional investors tightening risk pricing.
Negotiations on the loan are still ongoing, and the final amount remains subject to change.
[Odaily]
MegaETH Foundation Completes First MEGA Buyback, Current USDm Supply Approximately $480.00M
On May 8, the MegaETH Foundation announced the official launch of the MEGA token buyback program. The first MEGA buyback was completed on May 7, funded entirely by the cumulative net proceeds generated by the USDm issuer as of the end of April.
The official statement noted that the current USDm supply stands at approximately $480 million. Future MEGA buybacks will be executed, whenever possible, via a programmable mechanism—automatically triggered by predefined rules rather than manually timed by the Foundation. The amount allocated for each subsequent buyback round will not be fixed; instead, it will fluctuate based on changes in the USDm supply and the yield generated by the underlying reserve assets. The statement also emphasized that USDm is neither issued nor operated by the MegaETH Foundation or MegaLabs.
[PANews]
“1011 Insider Whale” agent has transferred 244,100 ETH to Binance in the past three days, worth over $570.00 million
According to on-chain analyst Ai Aunt’s monitoring, the “1011 Insider Whale” agent—who previously suffered a $230 million liquidation—re-deposited 78,100 ETH into Binance half an hour ago, worth approximately $178 million.
In the past three days, this entity has cumulatively transferred 244,100 ETH to exchanges, totaling $574 million; it currently still holds over 300,000 ETH on-chain.
[Odaily]
TCI, owned by a British billionaire, sells $8.00 billion worth of Microsoft shares, warning of AI’s impact on its core software business.
Chris Hohn, a British billionaire, and his hedge fund TCI sold nearly $8 billion worth of shares in U.S. software giant Microsoft (MSFT.O).
TCI told investors that artificial intelligence poses a threat to the company’s dominant software products.
[Odaily]
Senior Iranian lawmaker: The U.S. maritime blockade measures will be met with a military response from Iran.
Iranian media Fars News reported that a senior Iranian lawmaker said that from now on, the US maritime blockade measures will be met with a military response from Iran.
[PANews]
Intel surged 10% intraday, with its market value exceeding $600.00B, reaching a chip agreement with Apple
According to Gate data, Intel’s stock price surged sharply in the short term, rising 10% intraday and pushing its market capitalization above $600 billion.
Sources reported that Apple and Intel have reached an agreement whereby Intel will manufacture chips for Apple devices; a preliminary chip manufacturing agreement has already been signed, and discussions between the two parties have been ongoing for over a year.
[Odaily]
A whale deposited 1.7 million USDC into Hyperliquid to go long on Micron and SanDisk after a two-month hiatus.
According to Onchain Lens monitoring, after 2 months, a certain whale deposited 1.70 million USDC into HyperLiquid and went long Micron Technology and SanDisk with 10x leverage.
The current position holds 5,599 MU and 1,432 SNDK.
[Odaily]
Glassnode: BTC options volatility rebounds significantly, and short-term bearish hedging demand weakens
After Bitcoin broke through resistance and entered the $82,000-$83,000 range, market volatility has clearly rebounded. Options data shows that front-end implied volatility (IV) has rebounded sharply from the low point in October 2025, with 1-week IV rising by 6 points, indicating a recovery in short-term options demand. The 25D Skew continues to compress towards neutral, indicating a weakening demand for put hedging.
Volatility Risk Premium (VRP) has turned from negative to positive, and the future volatility priced by options is now higher than the realized volatility of the spot market. At the same time, there is a short-term gamma short cluster of nearly $2.00B near $82,000, and dealer hedging behavior may amplify current price fluctuations.
In the past 24 hours, selling call options accounted for 81% of the trading flow, indicating that some traders have begun to realize gains, and the overall position tends to consolidate rather than panic hedging.
[ChainCatcher]
Today’s Market Pulse
Crypto markets are navigating a fragile equilibrium between rising institutional participation and structural vulnerabilities, as infrastructure security becomes paramount while regulatory battles intensify.
Key Themes
Infrastructure Security Shift
Major protocols are prioritizing security over convenience, with Re migrating to Chainlink CCIP after previous bridge exploits, while Tether has frozen over $500M in the past month alone. This trend signals maturation in risk management as LayerZero alternatives gain credibility following high-profile exploits. Near-term, we may see more protocols adopting multi-chain security best practices, potentially creating winners like Chainlink.
Market Structure Fragility
Despite Bitcoin’s open interest hitting yearly highs and whale accumulation, the market remains structurally vulnerable with $173M in liquidations dominated by long positions. The Glassnode data reveals weakening bearish hedging demand but increasing volatility, creating a precarious environment where high-leverage positions could amplify price swings. Near-term, expect continued volatility around technical levels as gamma clusters create natural support/resistance zones.
Regulatory Tug-of-War
Coinbase, Kraken, and Gemini are actively lobbying to remove anti-manipulation clauses from the crypto market structure bill, highlighting industry concerns about restrictive listing requirements. This regulatory battle will likely shape token availability and market structure for years to come, with potential implications for small-cap token liquidity and market transparency.
RichSilo Verdict
Smart money should monitor the interplay between rising institutional interest in Bitcoin derivatives and structural fragility indicators, particularly funding rates and leverage concentration. Regulatory developments will be pivotal catalysts, with any compromise on anti-manipulation clauses potentially unlocking new liquidity pools. The shift toward more secure infrastructure like Chainlink CCIP may create investment opportunities in cross-chain solutions, while Tether’s aggressive address freezing suggests ongoing security concerns in the stablecoin ecosystem.
