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Trump Says Deal With Iran Possible 'Within Weeks,' But Two Key Sticking Points Remain

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May 7 President Trump said a deal with Iran is expected “within a week,” but Tehran has not yet accepted two core U.S. demands. Iran stated it is reviewing the U.S.-proposed ceasefire plan and will respond to the U.S. via mediators like Pakistan. The U.S. has demanded Iran halt its nuclear program, reopen the Strait of Hormuz, send its highly enriched uranium to the U.S. and shut down its underground nuclear facility. Trump noted “very good discussions” between the two sides over the past 24 hours, adding the probability of a deal is “very high.” Iranian officials and lawmakers have criticized the proposal, calling it “more a list of American wishes than reality.” Iranian legislators said the U.S. cannot achieve through war what it cannot get at the negotiating table. Trump also renewed threats, saying if Iran rejects the deal, the U.S. will “carry out bombings.” He added even if oil prices rise to $200 a barrel, the war is “worth it.” U.S. gasoline prices are currently at their highest level since 2022.
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Aave has liquidated the remaining rsETH holdings of the Kelp DAO attacker, as the DeFi community pushes forward with a $292 million attack aftermath.

On May 7, Aave announced it has completed the liquidation of the remaining rsETH position held by the Kelp DAO attacker. The associated collateral will be transferred to DeFi United’s Recovery Guardian multisig wallet to replenish the rsETH reserve and compensate affected users. This liquidation is a key step in the $292 million Kelp DAO attack recovery plan. Earlier, the Aave community approved a governance proposal to temporarily adjust the rsETH oracle price, making the attacker’s position undercollateralized and triggering liquidation. Aave noted all related parameters will be fully restored post-liquidation, with no long-term impact on the protocol. The incident began on April 28, when an attacker reportedly tied to North Korea exploited a cross-chain bridge vulnerability in LayerZero-based Kelp DAO to fraudulently mint roughly 116,500 unbacked rsETH on Ethereum. The attacker then cashed out ETH via lending protocols including Aave and Compound. Following the attack, the DeF

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The Paradigm-associated address has deposited 11,615 ETH into FalconX, worth approximately $27.29 million.

On May 7, Lookonchain data shows four wallet addresses—potentially linked to Paradigm Capital—deposited 11,615 ETH to FalconX three hours ago, with the transaction valued at roughly $27.29 million.

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Israel Launches First Beirut Airstrike Since Ceasefire, Targeting Hezbollah's "Radwan Force" Commander

Wednesday, May 7 (local time in Israel) — Israeli forces launched an airstrike on the southern outskirts of Beirut, Lebanon’s capital. This is the first Israeli strike on Beirut targets since the April ceasefire agreement. Israel said the operation targeted a commander of Hezbollah’s elite “Radwan Force” — the group’s core special operations unit with cross-border infiltration capabilities, long a key Israeli strike target. While some media reported the commander was killed, neither the Israeli military nor Hezbollah has officially confirmed his death. Israeli Prime Minister Benjamin Netanyahu and Defense Minister Benny Gantz jointly announced the operation. The airstrike is seen as a direct challenge to the U.S.-mediated Lebanon-Israel ceasefire, which took effect April 17. Iran previously stated “Israel halting strikes on Lebanon” was a critical prerequisite for advancing U.S.-Iran talks. Border tensions between the two sides continue to escalate: Hezbollah has fired rock

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Nikkei 225 Index Surpasses 61,000 Points for the First Time, Reaching a New All-Time High

On May 7, per Bitget market data, the Nikkei 225 Index has broken above 61,000 points for the first time, last trading at 61,735.29—hitting a new all-time high.

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CNN: Iran to Respond to US Proposal on Thursday

May 7 — Per CNN, a source says Iran is expected to submit its response to the U.S.-proposed peace deal to mediators on Thursday. Iran has been reviewing the U.S. proposal, the source noted, with both sides working toward a peace agreement. (Forexlive)

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The Trump family-associated mining firm ABTC has once again reported a quarterly loss, but the loss has narrowed.

May 7—American Bitcoin (ABTC), a Bitcoin mining firm backed by Eric Trump (son of former President Donald Trump), released its latest financial report Tuesday. The company posted a loss for the second straight quarter, but the shortfall narrowed from the prior period thanks to growth in its Bitcoin mining revenue. ABTC improved its financial performance amid the current crypto market downturn by boosting mining operational efficiency, reports show. Still, the firm’s results remain heavily tied to Bitcoin’s price swings. Previously, ABTC saw a sharp stock price drop amid a crypto market correction. In Q4 2023, ABTC reported a loss of roughly $59 million, with its stock price plunging ~90% from its peak. Founded by Hut 8 with support from Eric Trump and Donald Trump Jr., ABTC is viewed as a key piece of the Trump family’s crypto business.

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