Binance US Lists Low-cap Meme Coin, Suspected Rug Pull Schemes Abound

**Grayscale Completes Q1 2026 Crypto Fund Rebalancing** On May 7, Grayscale wrapped up its first-quarter 2026 cryptocurrency industry fund rebalancing. ### DeFi Fund Changes - Added **Ethena’s ENA token** with a 13.59% weight, making it the fund’s fourth-largest holding. - Fully divested the **Aerodrome Finance AERO token**. Post-rebalancing top holdings: - Uniswap (UNI): 35.22% - Aave (AAVE): 21.36% - Ondo Finance (ONDO): 19.83% - Curve DAO (CRV): 5.27% - Lido DAO (LDO): 4.73% ### Smart Contract Platform Fund No asset additions or reductions this quarter. Key shifts: - **Ethereum (ETH)** weight rose to 30.14%, retaking the top spot from Solana (SOL) (now 29.69%). - Cardano (ADA) ranks third at 17.96%, followed by Avalanche, Hedera, and Sui. Adjustments aligned with the **CoinDesk DeFi Select Index** and **CoinDesk Smart Contract Platform Select Maximum Index** methodologies, ensuring holdings meet liquidity, custody, and market cap requirements.

May 7th: Per HyperInsight monitoring (https://t.me/HyperInsight), a long-term holding whale at address **0x049bdc370620beab340b01072fa580fd57745e7d** opened two 20x leveraged short positions in the past 10 minutes: - 494 BTC (~$39.95M) with a liquidation price of $83,947 - 17,173 ETH (~$39.9M) with a liquidation price of $2,397

**May 7th Update** Per HyperInsight monitoring, a whale on Hyperliquid (address: 0xc6cfc26b057f9f70a4cfdd896f075d86315d9d23) took a contrarian short position as BTC continued retracing from its recent high overnight. The whale opened 109.7 BTC shorts (~$8.8M total value) with 35x leverage, entering at an average price of $82,000 and a liquidation price of $80,650. Early this morning, BTC’s downtrend pushed its price near the liquidation level—with a gap of less than $50 (~0.06%)—leaving the whale with heavy paper losses and prompting an initial position close. Later that afternoon, BTC rebounded to ~$81,680, narrowing unrealized losses, but the whale chose to hold. In the past 10 minutes, a sharp BTC downturn triggered a large-scale liquidation. The whale manually stopped out ahead of further liquidation, leaving the account with less than $100,000 remaining. *Address: 0xc6cfc26b057f9f70a4cfdd896f075d86315d9d23*

On May 7th, per Onchain Lens data, a newly created crypto wallet withdrew 2500 BTC from Binance—valued at approximately $202.36 million.

May 7, 2026 — Crypto mining firm Core Scientific (CORZ) reported a first-quarter 2026 loss of $347.2 million, sold 2,385 bitcoins (valued at $208.3 million), and completed a $3.3 billion bond issuance to fund its shift to AI data center operations. Proceeds from the Bitcoin sale were used to cover capital expenditures and other cash needs, the company noted. In its latest financial report, Core Scientific posted total revenue of $115.2 million. AI data center hosting revenue surged from $8.6 million in the year-ago quarter to $77.5 million, now its top business segment. Meanwhile, the firm’s cryptocurrency mining revenue dropped from $67.2 million to $30.1 million, dragged down by a 45% decline in Bitcoin mining volume and an 18% fall in the average Bitcoin price.

On May 7th, Binance Alpha officially announced the launch of PlaysOut (PLAY).

Users with at least 245 Alpha Points are eligible to claim the PLAY token airdrop. The airdrop (360 PLAY tokens per eligible user) is available on the Alpha event page on a first-come, first-served basis.