On May 7th, according to SoSoValue data, the cryptocurrency market saw mixed performance, with the SocialFi sector performing particularly well recently, rising another 22.04% in the last 24 hours. Within this sector, Toncoin (TON) surged 25.18%. Meanwhile, Bitcoin (BTC) fell 0.17%, remaining above $81,000, while Ethereum (ETH) rose 1.61%, fluctuating narrowly around $2,300. Other notable sectors included: AI, which rose 3.44% in the last 24 hours, with Billions Network (BILL) surging 74.30%; and RWA, which rose 2.83%, with the newly launched KAIO (KAIO) surging 6681.80%. In other sectors, Layer 1 rose 1.99%, with Zcash (ZEC) up 5.58%; CeFi rose 1.22%, with Bitget Token (BGB) up 6.37%; Layer 2 rose 1.21%, with Optimism (OP) up 6.33%; PayFi rose 0.10%, with Dash (DASH) up 6.39%. Meanwhile, DeFi fell 0.20%, with EdgeX (EDGE) up 9.29%; Meme fell 0.93%, while Siren (SIREN) remained relatively strong, rising 9.84%. Crypto sector indices reflecting historical sector performance show that ssiSocialFi, ssiAI, and ssiDePIN indices rose 23.45%, 2.81%, and 2.72%, respectively.

OKX market data shows that TON ecosystem tokens generally rose. Among them, TON rose more than 32% and is currently trading at $2.7; DOGS rose more than 61% and is currently trading at $0.0000988; HMSTR rose more than 18% and is currently trading at $0.00022.

April's nonfarm payrolls are anticipated to experience a significant decline, according to Jin10. Despite the ongoing US-Iran conflict causing disruptions and energy inflation continuing to impact the economy, the United States has shown considerable resilience. Even if April's nonfarm data faces the risk of a downturn, a single month's figures are unlikely to substantially alter the current policy consensus of the Federal Reserve.

Bitcoin's social media sentiment has reached its highest level in four months. According to NS3.AI, Santiment reports that there are currently 1.37 bullish comments for every bearish comment. This shift in sentiment follows Bitcoin's recent price rebound, indicating improved market outlook.

Moody's Analytics reported on May 7 that the surge in artificial intelligence could face a slowdown due to rising costs, potentially affecting export growth in the Asia-Pacific region. According to Jin10, the rapid development of AI has been a significant factor in offsetting the negative impact of U.S. tariff increases on Asia-Pacific exports. However, high stock valuations, price hikes, and localized hardware shortages suggest that the AI boom is increasingly likely to pause. Additionally, conflicts in the Middle East have heightened geopolitical and trade risks for Asia-Pacific economies. Moody's Analytics further noted that the combination of rising inflation, trade and supply chain disruptions, and overvalued assets poses risks of policy missteps in the region's fiscal and monetary strategies.

Hong Kong's chip stocks experienced significant gains during trading hours. Biren Technology (06082.HK) saw an increase of over 10.5%, while Hua Hong Semiconductor (01347.HK) rose by more than 6%. According to Jin10, TianShu Zhixin (09903.HK) climbed over 5.5%, and several other stocks, including Hantian Tiancheng (02726.HK), Montage Technology (06809.HK), InnoScience (02577.HK), and Sky Semiconductor (02658.HK), each increased by more than 3.5%.

According to the announcement from Binance, the platform is introducing the May Flexible Loan Challenge, offering users the chance to earn PEPE token vouchers and interest-free loan vouchers. The promotion runs from 2026-05-07 00:00 (UTC) to 2026-05-27 23:59 (UTC). During this period, participants can opt into the challenge and create new Binance Flexible Loan orders using USDT or USDC. The challenge consists of two promotions: Promotion A and Promotion B. Promotion A allows users to compete for a share of 10 billion PEPE rewards in token vouchers. Eligible participants must opt in on the campaign landing page, create a new Flexible Loan order borrowing USDT or USDC, and maintain a Net Daily Average Loan Amount above $100. Rewards are distributed based on the user's ranking in terms of their Net Daily Average Loan Amount. The top-ranked users in each tier will receive token voucher rewards, with tiers ranging from $100 to over $10,000 in daily average loan amounts. Promotion B offers an Interest-Free Voucher to the first 4,000 eligible users who place a new loan order with a Net Daily Average Loan Amount above $100 in USDT or USDC. The voucher applies to a borrow amount of 500 USDC for a duration of seven days, with a maximum loan interest amount deductible per voucher set at 3 USDC. Rewards are limited and distributed on a first-come, first-served basis. Both promotions require users to maintain a net daily average liability of at least $100 to qualify for rewards. Only master accounts are eligible, and sub-accounts are excluded from participation. Token Voucher Rewards and Interest-Free Vouchers will be distributed by 2026-06-23 via the Rewards Hub, with token vouchers valid for 30 days from the date of distribution.

According to GMGN data, the market capitalization of Sato, an Ethereum blockchain token, continues to rise and has reached a new high, currently trading at approximately $30.65 million, representing a daily increase of over 460%. Odaily reminds users that the token's price is highly volatile, and investors should be aware of the risks.

The Hang Seng Tech Index saw an intraday increase of over 3%, while the Hang Seng Index rose by 1.54%. According to Jin10, Kuaishou (01024.HK) experienced a surge of over 7%, and Hua Hong Semiconductor (01347.HK) climbed more than 6%. Additionally, Tencent Music (01698.HK), Kingsoft (03888.HK), and Baidu (09888.HK) all recorded gains exceeding 5%.

A U.S. federal court has sentenced Marlon Ferro to 78 months in prison for his involvement in a social engineering scheme that resulted in the theft of over $250 million in cryptocurrency assets. According to NS3.AI, the Department of Justice announced that Ferro will also serve three years of supervised release and must pay $2.5 million in restitution after pleading guilty to racketeering conspiracy. Prosecutors revealed that Ferro participated in breaking into homes to steal hardware wallets when other members of the group were unable to deceive victims or hack into their accounts.

Strategy executive chairman Michael Saylor has announced that the company is prepared to sell part of its Bitcoin holdings for the first time, marking a sharp shift from the firm’s vow of “never sell” stance that helped define corporate Bitcoin accumulation over the past years.

AI agents are shifting the AI ​​industry's narrative from one of cost to one of profit. Goldman Sachs believes that with a surge in token consumption, the gross margin inflection point for large-scale cloud vendors and large-model providers may arrive within the next 3 to 12 months.

Despite efforts by some key U.S. lawmakers to get the bill to the president’s signature by July 4, the banking industry is still lobbying hard to kill the Clarity Act.

A researcher says Google Chrome can quietly download a 4GB Gemini Nano AI file to users’ devices without clear permission. If deleted, it may be reinstalled unless the feature is turned off in Chrome settings.

Artificial intelligence, Nvidia, chips, energy consumption, the Achilles' heel of AI is not Nvidia. Golden Finance: Few see this, and even fewer dare to bet on it.

If you had to explain the recent explosion of artificial intelligence in just one word, it wouldn't be computing power, parameters, prompt words, or even a particular model architecture, but rather distillation.

The old era of crypto that we are familiar with has come to an end. In the future, value will only be concentrated in four major areas: Bitcoin, stablecoins, blockchain infrastructure, and asset tokenization.

Trump said on Wednesday that the chances of reaching a framework agreement with Iran are "very high," possibly "within a week." Iran is reviewing the US ceasefire proposal, and the two core demands that the US has long insisted on remain unresolved.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 3049, providing you with the latest and fastest news on the digital currency and blockchain industry.

Buying Circle stock does not actually mean you have "stablecoin exposure".