The US Stock Market Data Storage Sector Weakened, with SanDisk Falling by 4.97%

**Bitcoin Bulls Pin Hopes on $6B Dec 25 Options; Extreme Bets Both Sides Noted** May 8 — Bitcoin bulls are pinning high hopes on the Dec 25 year-end options, which involve roughly $6 billion in capital. Since hitting a Feb 6 year-to-date low of $60,130, BTC has rallied 33%, fueling a return of bullish market sentiment. But a surge in bullish (call) options with strikes at $115,000 and above has sparked questions about whether longs are overly optimistic. Deribit holds 92% of December Bitcoin options open interest (OI), totaling $5.5 billion. On the platform, bearish (put) OI is 56% lower than call OI — a skew in the put-call ratio driven by crypto traders’ historic preference for long positions. Still, $1.85 billion in calls at $115k+ is a significant sum, while $1 billion in puts at $55k and below is also notable. This means extreme bets on both sides (seen as unlikely to hit) are similarly sized, each accounting for ~50% of their respective OI segments. If bulls look overly opt

On May 8, American Bitcoin announced it has secured a mining machine purchase agreement with Bitmain featuring an implicit 44% discount via BTC collateral. Per its latest quarterly filing, the company bought 11,298 Bitmain S21 XP ASIC miners in February for roughly $49.4 million, totaling 3.05 exahashes per second (EH/s) of hash rate. Eighty percent of the payment was covered by pledging 314 BTC and a two-year redemption arrangement. At the time, the pledged BTC was valued at ~$125,900 per coin under the agreement, while BTC’s market price was under $70,000. Under the deal terms: - Bitmain may not sell the pledged BTC during the ~24-month redemption period unless American Bitcoin waives redemption. - If BTC’s price exceeds the agreed valuation, American Bitcoin can redeem the BTC with cash and retain the appreciation. - If BTC falls below the agreed valuation, the company can choose to forgo redemption, letting Bitmain hold the devalued BTC. As of March 31, American Bitc

On May 8th, a whale address (0xAFa5) spent 7.15 million USDC to purchase 1,515.5 XAUT 9 hours ago, per LookOnChain monitoring data. The average entry price was $4,720 per XAUT.

Nikkei Asia reported on May 8 that Japan plans to launch a blockchain-based government bond trading system as early as 2026, aiming to cut transaction costs and boost efficiency. Several major banks and securities firms will actively push for bond transaction tokenization this year. Japanese authorities project the rollout of a tokenized securities trading system will significantly enhance capital efficiency.

On Wednesday, May 8, Eastern Time, NVIDIA CEO Jensen Huang heaped praise on the company’s new partnership with Corning in an interview, framing it as a major opportunity to strengthen the U.S. tech supply chain. Huang noted that the next wave of AI infrastructure will demand massive optical connectivity—computational demands have grown so fast that copper cables can no longer keep up. “We’re going to scale optical technology applications like never before,” he said. “Frankly, no optics firm has ever operated at this scale.” The NVIDIA chief also emphasized that the current AI investment boom benefits far more than just tech companies. He pointed out the AI sector’s steady, rising demand for electricians, construction workers, chip manufacturers, and data center infrastructure specialists—showing this growth is already having a major impact across the entire economy. (BlockBeats)