Aave granted judicial permission to transfer $71 million worth of ETH linked to the North Korea-linked hacking incident.
On May 9, according to CoinDesk, U.S. Judge Margaret Garnett approved the transfer of approximately $71 million worth of ETH—previously frozen on Arbitrum—to the lending protocol Aave; however, the legal freeze on these funds remains in effect.
The funds are alleged to be linked to a North Korea–related hacking incident and are still undergoing judicial review as part of civil claims filed by victims of terrorism. This court ruling is purely a technical measure and does not alter the existing asset freeze or the claimants’ rights.
[PANews]
Solstice opens the first season airdrop query; points and airdrops for unregistered users have been forfeited.
The Solana ecosystem project Solstice has opened the first season airdrop query. Users can check their SLX token airdrop allocation on the “Earn Flares” page of the official website.
Previously, Solstice opened registration for the first season airdrop from April 14 to April 21, charging 0.075 SOL for registration. The registration window was open for only 7 days. Only registered users are eligible to receive the first season’s SLX airdrop; unregistered users will forfeit their first-season points and corresponding SLX airdrop allocation.
[Odaily]
Planet Evening News
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A certain whale purchased 143,674.0000 HYPE within 12 hours, worth $6.26M;
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UBS increased its holdings of MSTR to 6.3100 million shares, with a holding value of approximately $1.12B;
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Follow-up to the news of the breakdown of financing negotiations between Deepseek and Alibaba: Alibaba did not conduct negotiations;
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The market expects the Federal Reserve to maintain a long-term pause in interest rate hikes, with the first rate cut possibly delayed until December 2027;
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Bernstein set the target price for IREN at $100.00, and the company signed a $3.40B AI cloud computing agreement with NVIDIA;
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The Iranian Parliament will hold its first meeting since the outbreak of the war via video conference;
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Bitdeer is still maintaining zero holdings, and sold 193.800 BTC this week;
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Polymarket launched a new market: “When will the Trump administration declassify a new batch of UFO files?”.
UBS increased its stake in MSTR to 6.31 million shares, with a holding value of approximately $1.12 billion.
UBS Group acquired 551,121 shares of Strategy stock for $98 million, increasing its total holdings to 6.31 million shares, valued at approximately $1.12 billion.
[Odaily]
Data: A certain whale lost 14 long orders in a row yesterday and then went short, betting on a ZEC callback with 10x leverage.
According to Hyperinsight monitoring, a whale executed 14 long positions yesterday, none of which were profitable—resulting in losses on all trades.
Within the past hour, this address switched to shorting, opening a 2000-ZEC short position with 10x leverage. The position size is approximately $1.2 million, with an average entry price of $614.90, and the current unrealized profit stands at 20%.
[ChainCatcher]
Echelon will delist kAPT and stkAPT core collateral pool assets.
May 9th news, modular money market protocol Echelon announced the gradual deprecation of kAPT and stkAPT in the core pool on Aptos. The deposit and borrowing functions of the two assets have been closed.
Starting May 20th, the related E-Mode Loan-To-Value (LTV) will be reduced to 0%, on May 27th the two will be removed from E-Mode, and on June 3rd the liquidation threshold will be reduced to 0%.
Echelon reminds users to close or migrate their positions as soon as possible to avoid subsequent liquidation risks.
[PANews]
Solstice has opened the first season airdrop query. Points and airdrops for unregistered users have been reclaimed.
Solana ecosystem project Solstice has opened the first season airdrop query. Users can check their SLX token airdrop share on the official website’s Earn Flares page.
Previously, Solstice opened the first season airdrop registration from April 14th to April 21st, charging a registration fee of 0.075 SOL, and the window was only open for 7 days. Only registered users can claim the first season SLX airdrop. If not registered, the first season points and corresponding SLX airdrop share will be forfeited.
[Foresight News]
U.S. spot Bitcoin ETFs recorded net inflows for six consecutive weeks, marking the longest streak in nine months.
U.S. spot Bitcoin ETFs recorded net inflows for six consecutive weeks, the longest consecutive record since August 2025. The inflows lasted from the week of April 2 to this Friday, with a total inflow of $3.40B.
The strongest inflow was in the week of April 17, reaching $996.00M, and the most recent week saw an inflow of $623.00M, while the lowest was in the week of April 2, with only $22.34M. The last longer consecutive record was seven consecutive weeks of inflows from June 13 to July 18, 2025, totaling approximately $7.57B.
It is worth noting that there was a pullback in the second half of the week, with outflows of $278.00M and $146.00M on Thursday and Friday, respectively, while there were strong inflows of $532.00M and $467.00M on Monday and Tuesday. In terms of Ethereum ETFs, net inflows recovered to $70.49M in the week ending May 8, reversing the net outflow of $82.47M in the previous week.
[ChainCatcher]
Iranian officials: National oil field production continues; no reports related to the Kharg Island oil spill have been issued yet.
On the 9th local time, the chairman of the Iranian Parliament’s Energy Committee stated that production at multiple oil fields across the country is continuing uninterrupted. The enemy’s actions against Iranian oil tankers are completely illegal, and the pressure on Iranian oil exports is not having a significant effect. There are currently no official reports of oil spills around Kharg Island.
Previously, reports indicated that satellite images showed a suspected large-scale crude oil leak in the waters near Kharg Island, a key Iranian oil export hub, with the pollution covering dozens of square kilometers of sea surface.
[Odaily]
Strike CEO: Wall Street’s involvement does not pose a threat to Bitcoin
Strike CEO Jack Mallers stated on the What Bitcoin Did podcast that Wall Street’s increasingly deep involvement with Bitcoin does not pose a threat or conflict to Bitcoin itself. He noted that if Wall Street’s participation could destroy Bitcoin, then Bitcoin would never have succeeded in the first place.
Bitcoin’s vision is to become humanity’s money—meaning its user base encompasses everyone. Currently, Bitcoin is competing for global capital; as Bitcoin achieves monetization, assets such as real estate, artwork, and government debt will face demonetization.
Additionally, traditional financial institutions are accelerating their efforts to capture customers from crypto platforms. Morgan Stanley has already launched a cryptocurrency trading pilot on the E*Trade platform, charging retail investors lower fees than mainstream platforms like Coinbase and Robinhood.
[Odaily]
Bitdeer currently still maintains zero holdings and sold 193.8 BTC this week.
Nasdaq-listed Bitcoin mining company Bitdeer released the latest Bitcoin holdings data on the X platform.
In the week ending May 8, its Bitcoin mining output was 193.8 BTC, but it sold 193.8 BTC during the same period, with a net increase of 0 BTC, and currently maintains zero Bitcoin holdings.
[ChainCatcher]
Bitdeer Maintains Zero Bitcoin Holdings, Sells 193.8 BTC This Week
Bitdeer, a Bitcoin mining company listed on Nasdaq, published its latest Bitcoin holdings data on the X platform, showing zero Bitcoin holdings (excluding customer deposits) for the week ending May 8.
This week’s Bitcoin mining output was 193.8 BTC, and all 193.8 BTC were sold during the same period.
[PANews]
Polymarket launches new market on “When will the Trump administration declassify a new batch of UFO files?”
Polymarket has launched a new prediction market titled “When will the Trump administration declassify the next batch of UFO documents?”
According to information from the official U.S. government website, the Trump administration has already published UAP-related records via the war.gov/ufo page. U.S. media reports state that the Pentagon released the first batch of previously undisclosed UAP/UFO-related documents, images, videos, and reports on May 8, 2026.
The settlement rule for this event is as follows: If the Trump administration declassifies any previously undisclosed documents related to extraterrestrial life and/or Unidentified Anomalous Phenomena (UAP) before 11:59 p.m. Eastern Time on the specified date, the corresponding market will resolve to “Yes.” Otherwise, the market will resolve to “No.”
In this market, the term “Trump administration” includes the Office of the President during Trump’s presidential term, as well as all executive departments, agencies, and their subordinate offices subject to presidential authority—including defense-related departments and their constituent entities. Merely announcing an intent to declassify—without actual public release completed within the timeframe stipulated by this market—does not satisfy the settlement condition.
The primary basis for determining whether declassification has occurred is official U.S. government information; however, consensus among credible media reports may also be considered.
[Odaily Seer Channel]
Data: $184 million liquidated across the entire network in the past 24 hours, with short positions accounting for approximately $140 million.
According to CoinAnk data, $184 million was liquidated across the entire market in the past 24 hours, with long positions accounting for approximately $43.78 million and short positions accounting for approximately $140 million.
Among these, Bitcoin liquidations amounted to approximately $23.58 million, and Ethereum liquidations amounted to approximately $20.01 million.
[Foresight News]
Alibaba did not participate in DeepSeek’s financing negotiations, and market sources denied rumors of a “breakdown” in talks.
On May 9th, according to a report by China Business News, DeepSeek is launching its first round of financing, attracting companies such as Tencent and Alibaba to negotiate investments. However, Alibaba and DeepSeek recently broke off negotiations.
Today, a market source revealed to a reporter from China Business News that Alibaba should not have been in negotiations.
[PANews]
Iranian Parliament to Hold First Meeting Since Outbreak of War via Video Conference
According to Iran’s Mehr News Agency, on the 9th, Iran’s Islamic Parliament will hold its first meeting since the outbreak of the conflict via video conference on the 10th.
The spokesperson for the Presidium of the Iranian Parliament stated that the parliament will focus on discussing issues such as inflation.
[Odaily]
Echelon will gradually delist the kAPT and stkAPT core pool assets.
Modular money market Echelon tweeted that kAPT and stkAPT will be gradually removed from the Echelon core pool on Aptos.
The specific timeline is as follows: supply and lending are prohibited immediately, May 20 (E-Mode LTV reduced to 0%), May 27 (removed from E-Mode), and June 3 (liquidation threshold reduced to 0%).
The official reminder is for users to close related positions as soon as possible to avoid the risk of liquidation.
[Foresight News]
Base Q1 x402 payment volume exceeded $100 million, with on-chain Agentic stablecoin transaction volume accounting for over 90%.
Base announced on X that its Q1 2026 x402 payment volume has exceeded $100 million.
Meanwhile, Base accounts for over 90% of on-chain Agentic stablecoin transaction volume.
[Foresight News]
Today’s Market Pulse
The market demonstrates continued institutional adoption with sustained Bitcoin ETF inflows, while regulatory actions and tokenomics adjustments create nuanced opportunities across different ecosystems.
Key Themes
Institutional Adoption Acceleration
U.S. Bitcoin ETFs recorded six consecutive weeks of inflows totaling $3.4B, with UBS increasing its MSTR holdings to $1.12B. Traditional institutions like Morgan Stanley are entering crypto via retail platforms, signaling growing institutional comfort. This validates Bitcoin’s status as an emerging asset class and could provide price support, though increased participation may introduce traditional market dynamics to crypto volatility.
Regulatory & Compliance Developments
A U.S. court approved transferring $71 million in ETH linked to North Korean hacking, while maintaining the freeze. Iran continues oil production despite geopolitical tensions, and Solstice forfeited unclaimed airdrop rewards. This highlights increasing regulatory scrutiny and compliance-focused token distribution. Projects with clear regulatory frameworks may outperform, while geopolitical tensions remain a wildcard affecting risk appetite.
Tokenomics & Market Dynamics
Echelon is delisting kAPT and stkAPT tokens with phased liquidation parameters, while Bitdeer maintains zero Bitcoin holdings after selling all mined output. $184 million was liquidated in 24 hours, with shorts ($140M) heavily impacted compared to longs ($43M). This reflects maturing tokenomics and disciplined distribution strategies. The whale’s shift from 14 consecutive losing longs to a profitable short on ZEC indicates market inefficiencies that sophisticated traders can exploit.
RichSilo Verdict
Smart money should closely monitor sustained ETF inflows as a key sentiment indicator while watching regulatory clarity in jurisdictions like Iran. The significant short liquidations suggest contrarian opportunities may be emerging. Potential catalysts include further institutional adoption and positive regulatory developments, while risks include increased regulatory actions on illicit-linked assets and geopolitical tensions affecting broader risk appetite.
