Fed Governor Milan: Still leaning towards cutting rates sooner
Fed Governor Milan: Still prefers to cut interest rates early.
[Golden Ten Data]
Hong Kong Securities and Futures Commission (SFC): StableStock and HabitTrade violated regulations by soliciting clients under the pretext of using virtual currencies to subscribe to Hong Kong IPOs.
The Hong Kong Securities and Futures Commission (SFC) has issued a warning, adding two unlicensed platforms, StableStock and HabitTrade, to its alert list.
The SFC noted that online videos are inducing the public to use the StableStock platform, which claims to allow subscription to Hong Kong stock IPOs with virtual currency and claims to cooperate with HabitTrade.
The SFC pointed out that neither institution is licensed by the SFC and may not engage in any regulated activities in Hong Kong, nor may they promote services to the public.
[Foresight News]
BlackRock transferred 1,224 BTC and 11,475 ETH to Coinbase.
On May 8th, according to Onchain Lens, BlackRock transferred 1,224 BTC (approximately $98.16 million) and 11,475 ETH (approximately $26.27 million) to a Coinbase address.
On-chain data suggests that it may continue to transfer more in the future.
[PANews]
Revolut experienced a Bitcoin quote failure due to an independent data anomaly on the platform.
Financial platform Revolut experienced a sudden anomaly in cryptocurrency asset pricing, with users briefly seeing Bitcoin displayed at approximately $39,900 on their app; push notifications even claimed BTC had hit a 52-week low of $0.02. XRP, SOL, USDT, USDC, and other tokens simultaneously showed false, steep price declines.
This pricing anomaly was confined solely to the Revolut platform—external data sources such as CoinGecko and CoinMarketCap, as well as major exchanges’ order books, showed no corresponding fluctuations and the issue resolved itself quickly. Revolut officially acknowledged a technical fault affecting certain features and has deployed its engineering team for urgent investigation and remediation.
Industry analysts believe the glitch most likely stemmed from an erroneous data feed, though a low-liquidity environment triggering abrupt quote jumps cannot be ruled out. The incident also highlights how fragmented crypto market infrastructure makes retail investors highly vulnerable to misinterpretation when even a single data source goes awry.
[Cointelegraph]
Sportix, a sports AI data infrastructure company, has raised $3.2 million in funding.
Sports AI data infrastructure Sportix completes $3.20M financing round, with participation from CoinvestorV, Animoca Brands, Becker Ventures, X21 Digital, and Alpha Capital VC. This round of financing will be used to further develop the AI aggregation engine, improve the accuracy of MIE and PIS, and expand the B2B API to support a broader sports data ecosystem.
Sportix is an intelligent platform built around sports events and athletes, integrating real-time data, AI predictions, and market infrastructure to provide users with structured sports intelligence.
[Foresight News]
Analyst: Expectations of easing tensions in the Middle East are weighing on the U.S. dollar and U.S. Treasury yields.
U.S. Treasury yields and the U.S. dollar edged lower amid market hopes for easing tensions in the Middle East, as investors awaited the release of U.S. non-farm payroll data.
Joseph Dahrieh, Analyst at Tickmill, stated in a report: “As markets anticipate a de-escalation of geopolitical tensions and potential progress toward an agreement in the Middle East, safe-haven demand may weaken, keeping the U.S. dollar under sustained pressure.” “Although recent renewed tensions have emerged in the Strait of Hormuz, Trump reaffirmed that the ceasefire remains in effect—this contributed to the dollar’s decline.”
However, he noted that the current situation remains fragile, and market sentiment could shift rapidly.
[Jin10]
BlackRock deposits $124 million worth of BTC and ETH into Coinbase
According to Onchain Lens monitoring, BlackRock deposited 1224 BTC (worth $98.16M) and 11475 ETH (worth $26.27M) into Coinbase.
The institution may continue to deposit.
[Odaily]
Iranian Foreign Minister: Iran’s current missile inventory and launch capabilities have increased by 20% compared to February 28.
Local time, May 8th, it was learned that the Iranian Foreign Minister said that Iran’s current missile inventory and launch capabilities have increased by 20.00% compared to February 28th.
[Odaily]
Balcony Completes $12.70M Seed Round, Led by Blockchange Ventures
New York blockchain government land registry platform Balcony completes a $12.70 million seed round, led by Blockchange Ventures. The funding will be used to expand the engineering team and promote more US county-level deployments.
Previously, Balcony completed a Pre-Seed round of financing in May 2024, with the amount undisclosed, and Avalanche Blizzard Fund participated.
[Foresight News]
Hong Kong Securities and Futures Commission: Beware of unlicensed platforms StableStock and HabitTrade
The Hong Kong Securities and Futures Commission (SFC) has issued an announcement disclosing that it has noticed online videos inducing the public to use the StableStock platform, claiming that virtual currencies can be used to subscribe to Hong Kong stock IPOs. StableStock also claims to cooperate with another company, HabitTrade.
In fact, StableStock and HabitTrade are not licensed by the SFC and are not allowed to engage in any regulated activities in Hong Kong; at the same time, they are not allowed to promote services to the Hong Kong public, whether in Hong Kong or overseas. The Hong Kong SFC has added StableStock and HabitTrade to its alert list.
The Hong Kong SFC reminds the public that unlicensed platforms are not regulated by the SFC, and investors have very limited protection and may even suffer total losses.
[Odaily]
Robot training data costs have decreased by 65% since 2024, from $340 per hour to $118 per hour.
The cost of robot training data has decreased by 65% since 2024, from $340.00 per hour to $118.00 per hour in 2026.
[Cointelegraph]
Today’s Market Pulse
The crypto market balances dovish Fed sentiment signaling potential rate cuts against geopolitical uncertainty in the Middle East, while institutional flows and regulatory developments shape near-term dynamics.
Key Themes
Monetary Policy Macro
Fed Governor Milan’s leaning toward early rate cuts continues to support risk assets, with markets positioning for potential Fed easing. Simultaneously, easing Middle East tensions are putting downward pressure on the US dollar and Treasury yields, creating a complex macro environment where traditional safe havens are losing appeal while risk sentiment gains traction. This dual dynamic suggests potential upside for crypto if rate cuts materialize.
Institutional Crypto Flows
BlackRock’s substantial transfers of 1,224 BTC ($98M) and 11,475 ETH ($26M) to Coinbase signal continued institutional confidence and potential accumulation in digital assets. This significant movement, potentially part of ongoing inflows or portfolio rebalancing, reinforces the narrative of growing institutional adoption. Concurrently, blockchain infrastructure companies like Sportix ($3.2M) and Balcony ($12.7M) are attracting significant funding, indicating sustained institutional interest in blockchain applications beyond pure crypto trading.
Regulatory Infrastructure Risks
The Hong Kong SFC’s warning about unlicensed platforms (StableStock and HabitTrade) highlights ongoing regulatory scrutiny in crypto. More concerning is the Revolut pricing anomaly that temporarily displayed BTC at $39,900 instead of market prices, exposing vulnerabilities in fragmented market infrastructure and the risks retail investors face when single data sources fail. This incident underscores the fragility of even established fintech platforms in the crypto ecosystem.
RichSilo Verdict
Smart money should closely monitor BlackRock’s on-chain activity as potential accumulation signals and watch for Fed rate cut timing which could trigger significant market movements. The Revolut glitch, while contained, serves as a reminder of infrastructure vulnerabilities that could become more problematic as crypto adoption grows. Geopolitical risks remain elevated despite temporary easing tensions, with Iran’s increased missile capabilities adding another layer of uncertainty to the fragile Middle East situation.
