Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

May 7 – Per Saudi media outlets Alhadath and Al Arabiya, sources report the U.S. and Iran have reached an agreement to gradually open the Strait of Hormuz in exchange for easing the maritime blockade. A breakthrough in the situation of stranded ships in the strait is expected in the next few hours. International oil prices plummeted Wednesday, with WTI crude sliding over 3% intraday and Brent crude falling nearly 3%. Gold and silver prices extended gains, with spot gold topping $1,750 an ounce and silver climbing above $79 an ounce. (Oriental Fortune)

On May 7th, BIT—the ecosystem project behind the Bitcoin TAP Protocol—unveiled a new roadmap, outlining a focus on building a "Bitcoin Security Budget Layer" and exploring ways to provide additional incentive sources for Bitcoin miners via a token issuance mechanism. The BIT team noted that under the current TAP Protocol, only the NAT token can be distributed to miners via the protocol’s built-in mechanism. The associated logic is hard-coded into the protocol’s source code, applying solely to dmt-nat—meaning other DMT projects cannot access this feature. Additionally, the TAP Protocol has not yet publicly released the results of a third-party security audit. Reportedly, BIT previously submitted an upgrade proposal to TAP’s official team, seeking to open the miner subsidy mechanism to all DMT tokens—but the proposal was not accepted. Per the new roadmap, BIT intends to fork the TAP Protocol for development and launch a new framework. This framework will let DMT projects customi

Official announcement: Binance will launch BILL perpetual contract trading at 16:15 UTC today (May 7th), with up to 20x leverage. Billions Network (BILL) is a universal human-AI network that lets anyone verify online in seconds they’re a real, unique individual—without disclosing their underlying data.

May 7th Per an official announcement, Binance Wallet will distribute the Binance Alpha airdrop today at 6:00 PM UTC. Users with at least 245 Binance Alpha points can claim the tokens on a first-come, first-served basis—until the airdrop pool is fully allocated or the event ends.

On May 7, per Coinglass data, Bitcoin has held above $80k recently—but Coinbase’s Bitcoin premium index has flipped negative. The index remained positive for most of April. Additionally, the IFP index (which measures market participants’ risk appetite and fund flow direction) has fallen below its 90-day moving average. This signals some Bitcoin is shifting from derivative exchanges back to spot markets, pointing to waning speculative interest and risk aversion—typically tied to bearish sentiment.

Per Onchain Lens monitoring on May 7, a wallet linked to Matrixport deposited 403,290 HYPE into HyperLiquid (valued at $17.3 million) and sold 10,000 HYPE at $42.38 apiece (totaling $4.238 million). The wallet still holds 303,290 HYPE (~$13 million) and may sell the remaining portion.