Solana staking protocol Fragmetric completes $7 million seed round

U.S. Central Command (CENTCOM) announced Wednesday (May 8) that Iranian forces launched an unprovoked attack on U.S. Navy assets transiting the Strait of Hormuz to the Arabian Gulf on Tuesday (May 7). The guided-missile destroyers USS Truxtun, USS Rafael Peralta and USS Mason were in the international waterway when Iran fired multiple missiles, deployed drones and sent several small boats in the attack. No U.S. military assets sustained damage, CENTCOM confirmed. U.S. forces intercepted the incoming threat and conducted retaliatory self-defense strikes targeting Iranian military facilities responsible for the attack—including missile and drone launch sites, command and control (C2) centers, and intelligence, surveillance and reconnaissance (ISR) nodes. CENTCOM emphasized it does not seek to escalate the situation but has made necessary preparations and stands ready to protect U.S. forces. (Source: FX Street)

On May 8, ABC News reported that U.S. President Trump called the retaliatory strike on Iranian targets a "minor setback." When asked if the ceasefire had ended, Trump said it remains in place and is working effectively. (Xinhua)

On May 8, U.S. President Trump tweeted: “Three U.S. destroyers just successfully transited the Strait of Hormuz and were attacked as they did. They sustained no damage, but Iranian attackers took heavy losses—all their small boats were destroyed. Missiles targeted the U.S. Navy destroyers but were easily intercepted. Likewise, drones tried to attack but were shot down mid-air. Any normal country would’ve let these destroyers pass—but Iran is anything but normal. “They’re led by madmen. If they had a chance to use nukes, they wouldn’t hesitate—but they’ll never get that chance. Just like we crushed them again today, if they don’t sign an agreement quickly, we’ll hit them harder and more brutally down the line.”

**May 8 (Thursday) – The U.S. Court of International Trade ruled Thursday that former President Trump’s 10% tariff is invalid, as it lacks a legal basis.** **Background: On Feb. 20 this year, the U.S. Supreme Court held that the Trump administration’s broad tariff actions under the International Emergency Economic Powers Act (IEEPA) lacked clear legal authority.** **In response, on the same day as the Supreme Court ruling, Trump invoked Section 122 of the Trade Act of 1974 to announce a 10% "Global Import Tariff" on goods from all countries and regions, set to last 150 days.** **(Source: FX678)**

Bitget Announces Global "Fan Story Collection" Community Event On May 8, Bitget launched its global community event "Fan Story Collection." Running now through May 20, users can share their authentic experiences using Bitget’s UEX panoramic trading on platforms like X, Telegram, Reddit, LinkedIn, or Discord. To participate: - Posts must include the hashtag #BitgetFanStory. - Entries must be submitted via the official form. AI tools are permitted for image generation or video editing, but all submissions must be rooted in real experiences. The event aims to highlight users’ growth journeys on Bitget, featuring diverse groups—including early adopters, long-term traders, and community contributors. The prize pool uses a dynamic growth mechanism: each additional 500 participants triggers a bonus pool expansion, capping at 100,000 USDT. All winners will also receive exclusive Bitget Fan Club merchandise.

May 8: The "JaredfromSubway" robot recently pulled off a minor MEV attack targeting Vitalik Buterin’s token swap. Vitalik had aimed to exchange ~26,544 XDB tokens (worth ~$3.86) for ~$4.56 in ETH. But the bot used ~$1.14 million in WETH to execute large trades between SushiSwap and Uniswap V2 liquidity pools—manipulating XDB’s price and worsening slippage on Vitalik’s transaction. The entire MEV attack involved ~$1 million in trading volume. Vitalik lost just a few cents, while the bot ended up with a tiny loss after deducting a $5.14 gas fee. Ironically, Vitalik has long spoken out against "toxic MEV" and pushed for encrypted mempools as a fix in Ethereum’s 2026 roadmap. MEV has siphoned over $1.2 billion in user value, with sandwich attacks accounting for 51%—effectively imposing an invisible tax on regular users via the public mempool. The JaredfromSubway bot has been a known sandwich-trading player since 2023, once making up 7% of Ethereum’s gas fees and accumulating ov