An ultra-high-net-worth whale with a high success rate has taken a $31.94 million long position on BTC with 40x leverage

May 7: US Bitcoin spot ETFs recorded net inflows of $46.2 million yesterday, per Farside Investors data. Fund-specific flows: - BlackRock IBIT: +$134.6M - Fidelity FBTC: -$39.0M - Bitwise BITB: -$25.2M - Franklin EZBC: -$7.1M - Grayscale GBTC: -$17.1M Additionally, US Ethereum spot ETFs posted net inflows of $11.5 million yesterday. Fund breakdown: - BlackRock ETHA: +$2.1M - Fidelity FETH: -$0.6M - Grayscale Mini ETH: +$10.0M

On May 7, Upbit—South Korea’s largest cryptocurrency exchange—will list the B3/Korean Won (KRW) trading pair, per official sources.

On May 7th, market data shows B3 rallied 130% short-term after its B3/KRW trading pair went live on Upbit, and it’s currently trading at $0.001557. This isn’t a new listing for B3 on the exchange, however—the B3/USDT trading pair was already live there.

**May 7 Update: TON Surges 33% to $2.73, Tied to Durov’s Recent TON Announcements** Per HTX market data, TON has surged above $2.70 and is currently trading at $2.73, posting a 33.12% 24-hour gain. Reports note Telegram founder Pavel Durov called for a long position just 3 days ago—when TON’s price had already risen more than 100%. On May 4, Durov announced on his personal Telegram channel that TON transaction fees have dropped 6x, nearly hitting zero. Going forward, Telegram will replace the TON Foundation as TON’s core driving force and become its largest validator. TON will shift focus to technical superiority, with a new ton.org, updated development tools, and improved performance. These updates are expected to roll out in roughly 2 to 3 weeks, marking the 3rd step of the “Make TON Great Again” 7-step plan.

On May 7th, BitMEX co-founder Arthur Hayes spoke at the Consensus 2026 conference, sharing key views on Bitcoin and crypto regulation: - The crypto industry doesn’t need regulation—since it’s largely irrelevant to Bitcoin’s core value proposition. - Bitcoin’s price hinges on two factors: technical reliability and fiat liquidity, with the latter being the true driver. - Every round of monetary expansion has aligned with Bitcoin’s sharp surges: Obama-era quantitative easing, Trump’s first-term “helicopter money,” and Biden-era Treasury Secretary Yellen’s ~$2.5 trillion reverse repo funding (via short-term debt replacing long-term debt). - Even as the Trump administration signed crypto bills and sent clear regulatory signals, Bitcoin dropped ~25% in 18 months—proving regulatory favorability doesn’t directly boost prices; liquidity is fundamental. - The Trump family’s past struggles with bank de-risking, asset freezes, and lawsuits led them to see Bitcoin as a state-control-free

On May 7, Bitget announced via an official statement the launch of its U-dollar-denominated BILL perpetual contract, which offers leverage between 1x and 20x. A contract trading BOT will also go live simultaneously.