Japan Aims to Launch Blockchain-Based 24/7 JGB Trading as Early as 2026

On May 8, the Arbitrum DAO approved the "Unfreezing Frozen ETH" proposal with a 90.96% approval rate. The proposal calls for Arbitrum governance to greenlight the release of 30,765.67 ETH—frozen by the Arbitrum Security Council on April 21—and transfer the funds to a 3-of-4 multisig wallet jointly controlled by Aave Labs, KelpDAO, EtherFi, and Certora. This address will be used exclusively for recovery efforts involving the unfrozen ETH.

On May 8, the GnosisDAO community proposed a measure titled **"Allow GNO Holders to Redeem Proportionally Claimed Treasury Shares."** The proposal would let GNO holders exchange their tokens for a proportionally allocated share of the GnosisDAO treasury. Non-participants would retain their GNO and keep all economic rights tied to the DAO’s ongoing operations, with liquidity and semi-liquid treasury assets distributed based on net asset value (NAV). For illiquid off-chain investments and enterprise value, the DAO plans to use a synthetic **gLTD-CLAIM**. This claim grants holders a fixed percentage of future dividends from DAO-deployed assets—*only if those assets exceed the principal recovery threshold at redemption*. Redeemed GNO will be burned, permanently reducing the circulating supply. As of press time, the proposal has a 64.81% opposition rate.

On May 8, Elon Musk replied with “Memes” to the question “What has Bernie Sanders contributed to society in his 45 years in politics?” on X. In response to the news, Solana-based meme coin BURNIE briefly surged more than 100%. Per GMGN data (view here: https://gmgn.ai/sol/token/i_m4TE56o8_CGEDT9QZDvvH5GmVkWJH2BXiMJqMJySC9ihWyr7Spump), BURNIE’s market cap stood at $18.07 million at press time—after a brief spike, it quickly pared its gains. BlockBeats advises users that related token prices are highly volatile; exercise caution when investing.

On May 8, analyst firm Alicharts reported that Bitcoin’s estimated leverage ratio across major futures exchanges has climbed to approximately 0.26—its highest level in nearly a year, exceeding the peak recorded in October 2025. This signals a sharp rise in traders’ risk appetite. Alicharts noted the data reflects heavy leverage use among investors, who are bullish on Bitcoin’s ongoing upward momentum. This underscores the market’s optimistic outlook for future price action.

On May 8th, per LookOnChain monitoring, the ENS token unlock wallet deposited 1.457 million ENS (valued at $9.34 million) to Binance 5 hours ago.

On May 8: The UAE National Emergency Crisis and Disaster Management Authority stated that its air defense system is currently responding to a missile threat. (FXS)