Solana staking protocol Fragmetric completes $7 million seed round

May 8: Bill Adams, Chief U.S. Economist at Fifth Third Bank, forecasts April nonfarm payrolls will rise by 120,000, while the unemployment rate holds steady at 4.3%. Average hourly earnings are seen climbing to 3.8% from March’s 3.5%—a partial offset to the cost-of-living hit from rising gas prices. If the forecast holds, monthly job growth since the start of the year will average ~80,000, outpacing the slower growth of job seekers (driven by population aging and immigration limits).

May 8th — Huobi HTX announced today the launch of perpetual contracts for SPACEX/USDT, OPENAI/USDT, and ANTHROPIC/USDT (effective May 8), with a maximum leverage of 10x. Concurrent with the launch, the exchange is hosting a contract trading event for these three pairs, running from 15:00 UTC+8 on May 8 through 15:00 UTC+8 on May 15. The event features a total prize pool of up to $20,000. ### Event Rules: - Users who register and trade these contracts with a cumulative valid trading volume of at least $5,000 USDT will share the prize pool based on their trading volume rankings. - New contract users participating in trades of these pairs will also receive exclusive perks.

May 8 — Earlier today, a heated debate broke out between LayerZero co-founder Bryan Pellegrino and security researchers in the ETHSecurity Community Telegram group. Researchers flagged a critical flaw in LayerZero’s default library contract: it allows LayerZero Labs to upgrade the contract instantly (no time lock), enabling cross-chain message falsification — the root cause of the prior rsETH exploit. Reportedly, over $30 billion in LayerZero HTFs (Homogeneous Token Farms) were at risk due to this vulnerability. Security researcher Banteg noted that as of a few weeks ago, mainstream projects like Ethena and EtherFi still used this vulnerable default library. Currently, ~$178 million in value remains exposed to potential exploits. On-chain data from Banteg showed LayerZero Labs’ multisig signers engaged in non-multisig activities: meme coin trades, DEX swaps, and cross-chain bridge operations. This suggests production multisig keys were linked to regular websites, drastically i

On May 8th, Binance will support the Chiliz (CHZ) 2.0 mainnet integration and contract swap, covering both CHZ tokens and all Chiliz fan tokens. All BEP2-based CHZ tokens will be swapped to CAP20 at a 1:1 ratio. Fan tokens (including ACM, ASR, ATM, BAR, CITY, JUV, OG, PSG, etc.) will also be converted from the Chiliz Legacy Chain and BEP20 format to CAP20 at a 1:1 ratio. Once the swap is finalized, users’ holdings, trading, and other services on Binance will remain unaffected. For specific timelines and details, please refer to the official announcement.

May 8th — Per LookOnChain data, a trader (address starting with 0x8062) launched ETH trading with a $4.38 million USDT fund on February 2nd. Three hours ago, the trader closed all ETH positions, leaving an account balance of just ~$3.4 million USDT — a total loss of roughly $1.48 million.

May 8th — Binance Alpha has unveiled the participation requirements for the ShareX (SHARE) airdrop: users must hold at least 230 Alpha Points to join. Participating in the event consumes 15 points initially, with the required points decreasing by 5 per minute. The airdrop kicks off today at 18:00 GMT.