Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

**May 8th: Uniswap v4 Hook Tokens Surge, Rotate Rapidly on Ethereum Mainnet** Uniswap v4 hook-themed concept tokens have been popping up in droves on the Ethereum mainnet recently. - **Yesterday**: sato absorbed uPEG’s liquidity, with its market cap briefly topping $30 million before a sharp pullback. - **Today**: sat1 emerged as a standout, hitting $10 million in throughput quickly via an improved version of sato’s mechanism. Per GMGN market data (link: [https://gmgn.ai/eth/token/i_m4TE56o8_0x8f66337a0c2A02202fd91Dd596c411CF977c6060](https://gmgn.ai/eth/token/i_m4TE56o8_0x8f66337a0c2A02202fd91Dd596c411CF977c6060)) as of press time: - uPEG: $8.9M market cap, $4.3M 24h volume; peak cap $34.44M. - sato: $14.75M market cap, $17.6M 24h volume; peak cap $37.56M. - sat1: $8.4M market cap, $2.2M 24h volume. **BlockBeats Take**: The rapid rotation between uPEG, sato, and sat1 has stunted market synergy—making it hard for these projects’ caps to grow. Ethereum mainnet perf

May 8: Per Onchain Lens monitoring, an address tied to asset management firm Metalpha deposited $20M worth of ETH into Binance 30 minutes ago.

On May 8th, per HyperInsight Monitoring (link: https://t.me/HyperInsight), a whale has shorted 60.3 BTC using 40x leverage, with the position valued at approximately $4.8 million. The average entry price was $79,605, while the liquidation price sits at $80,590—less than $1,000 away from the current market price. This whale currently holds the closest position to liquidation on Hyperliquid and opened the latest million-dollar short position of the day. Address: 0x86489cead9591001b90d8b77c85918f111b82c3c

As of May 8, LookOnChain monitoring data shows Erik Voorhees—ShapeShift founder and early Bitcoin backer—has just added 2,920 ETH (valued at roughly $6.67 million) to a linked address. Prior to this addition, the address already held 123,184 ETH. Voorhees himself, however, has denied any association with the address.

On May 8, data from Bespoke Investment Group reveals U.S. GDP expanded at a 2.0% rate in Q1 2026. Software and IT equipment investment contributed 134 basis points to growth—67% of the total—marking the highest share on record. This underscores AI as the primary driver of U.S. economic growth. The data also shows the 5-quarter moving average of contributions from software and IT equipment investment has recently surged sharply, topping the 1999 record by roughly 10 basis points.

May 8th — Financial Times reports Anthropic is weighing raising tens of billions of dollars this summer to fund a large-scale expansion of its computing capabilities, a move that would push its valuation to nearly $1 trillion and surpass rival OpenAI. Five people familiar with the matter say the developer of Claude was valued at $380 billion in February this year. As its revenue continues to climb, Anthropic has drawn interest from investors including Dragoneer, General Catalyst, and Lightspeed Venture Partners. These sources expect the firm’s annualized revenue—extrapolated from recent weeks to estimate annual performance—to exceed $45 billion, five times the $9 billion it reported at the end of last year. Three of those sources add the new funding round is expected to set Anthropic’s pre-money valuation at around $900 billion, with a fundraising target of up to $50 billion. The round is likely to close within two months, they note. OpenAI’s post-money valuation stood at $852 bi