Metalpha's relevant address deposited 27,000 ETH into Binance, worth approximately $62.78 million

On May 7 Ethereum address holding the second-largest amount of meme token sato “bought the top,” per on-chain analyst Ai Auntie (@ai_9684xtpa). Over the past 11 hours, the address purchased sato at an average price of $1.4304, spending a total of $480,000. The buy order coincided with sato’s price peak, making it the top buyer of the token in the past 24 hours. It now holds an unrealized loss of $276,000. 23 hours earlier, the address withdrew 1.23 million USDC from Hyperliquid, with 750,000 USDC still unused in its wallet. Sato is the address’s only meme token holding, and it has not reduced its position. BlockBeats notes that meme coins often lack real-world use cases, see extreme price volatility, and investors should exercise caution when considering them.

On May 7, Binance founder Changpeng Zhao (CZ) told attendees at Consensus Miami 2026 that BNB should be positioned as the native currency for AI agents. He stressed all blockchains must be “AI-ready” to support capabilities like smart contract payments and AI tool protocols such as MCP, adding cryptocurrencies are the most natural fit for AI agents to execute cross-border transactions. CZ also disclosed YZi Labs currently allocates 70% of its capital to blockchain, 20% to AI, and 10% to biotech. On real-world assets (RWA), CZ noted: “A year ago, I thought RWA was overhyped. Now I’ve changed my tune—RWA is legitimate and currently undervalued.”

May 7 – On-chain sleuth ZachXBT has offered a $10,000 reward for information on LAB project founder @vsadkovv and insider evidence of his market-making activities for the LAB token across multiple exchanges (including contracts, chat logs, etc.). ZachXBT branded him a scammer harming the industry’s reputation, announced he was going into “war mode,” and urged the community to share clues to hold him accountable. Earlier today, ZachXBT accused the LAB founder of market manipulation that harmed retail investors’ interests. [Link: https://www.theblockbeats.info/flash/344786]

May 7 — AI giants OpenAI and Anthropic are set to go public, with current public market valuations at ~$850 billion and $380 billion, respectively. On-chain pre-IPO markets, however, boast far more inflated implied valuations: Anthropic’s Jupiter platform valuation has surged past $1.2 trillion, while Hyperliquid pegs it at $1.143 trillion; OpenAI’s Jupiter implied valuation hits $1.05 trillion. These optimistic on-chain figures are built on thin air. **Anthropic’s daily trading volume on Jupiter is just $1.39 million, with only 329 traders in the past 24 hours and 3,530 total holding addresses—fewer than a moderately popular meme token.** Those 329 traders pushed Anthropic’s valuation above $1.2 trillion, overtaking OpenAI as the top AI firm. At that size, Anthropic would rank as the world’s 11th-largest public company if it IPOs—an unprecedented business milestone. Hyperliquid’s Anthropic daily volume also sits in the millions, with open interest at just $6.7 million. If on-cha

On May 7, mETH Protocol announced it will gradually wind down its liquidity restaking token cmETH, while all other products will continue operating normally. Minting of cmETH was disabled on May 7, 2026. Final EigenLayer rewards distribution will wrap up by mid-June 2026, and the reward claiming window closes on November 7, 2026. In a statement, mETH Protocol noted that after a comprehensive assessment of the ecosystem’s current trajectory, discontinuing cmETH is the most prudent step to refocus resources on areas that deliver more enduring value for users. Existing holdings are unaffected, and unstaking and bridging functions remain operational.

On May 7, per Bitget market data, the Nasdaq Composite hit 26,000 points and was last trading at 26,017 — up 0.68% intraday. Nvidia shares rose 2.97%, Microsoft shares gained 2.37%, and Tesla shares climbed 3.66%.