Bithumb will list the PROS/KRW trading pair

May 8 – Per a CCTV News report, Iran’s foreign minister said on May 8 local time that the country’s current missile inventory and launch capability have increased by 20% since February 28.

On May 8th, Iranian Foreign Minister Araghchi stated that whenever a diplomatic solution is on the table, the U.S. consistently resorts to reckless military adventurism. (FXStreet)

May 8th — Per DefiLlama data, the on-chain perpetual DEX (Perp DEX) market’s total trading volume has rebounded. Driven by sharp volatility in recent U.S. stock, commodity, and crypto markets, Hyperliquid’s open interest has continued climbing, hitting its highest level since mid-January 2024 at roughly $91.1 billion. Within the HIP-3 ecosystem, Trade.xyz has seen active trading, with both its 24-hour trading volume and open interest reaching near one-month highs. Below are the current top Perp DEX platforms by 24-hour trading volume: - Hyperliquid (via https://app.hyperliquid.xyz/join/NTOD): ~$82.7 billion in 24-hour trading volume; ~$91.1 billion in open interest - Trade.xyz: ~$33.4 billion in 24-hour trading volume; ~$21.8 billion in open interest - EdgeX: ~$21.9 billion in 24-hour trading volume; ~$9.45 billion in open interest - Aster (via https://www.asterdex.com/zh-CN/referral/aboter): ~$18.7 billion in 24-hour trading volume; ~$23.1 billion in open interest

On May 8, Mantle token holders approved a credit line of up to 30,000 ETH (roughly $68 million) for Aave DAO via Proposal MIP-34. The move aims to address potential defaults stemming from the April rsETH exploit on Aave V3, with estimated default amounts ranging from $123.7 million to $230.1 million. The proposal passed a seven-day Snapshot vote, authorizing the Mantle Foundation to negotiate with Aave DAO and execute the final loan agreement. Implementation of the credit line remains contingent on Aave executing its recovery plan and finalizing specific terms. A Galaxy Research report noted the rsETH exploit left Aave’s WETH market in prolonged tension, with fund utilization rates above 99% for 12.7 consecutive days. As of May 8, utilization in Aave’s Ethereum V3 WETH market has dropped to around 91.6%, easing market pressure.

On May 8th, Bitget market data shows pre-market trading for crypto-related U.S. stocks was mixed. The storage sector rebounded in pre-market trading after yesterday’s decline, with the following moves: ### Crypto-Related Stocks - **Coinbase (COIN): Down 2.67%** The firm reported a Q1 net loss of $394 million this morning, with total revenue falling to $1.41 billion. Its platform also suffered an outage lasting over 7 hours shortly after its earnings release. - **MicroStrategy (MSTR): Up 0.49%** - **Circle (CRCL): Up 0.42%** - **MARA Holdings (MARA): Up 0.1%** - **Riot Blockchain (RIOT): Down 0.5%** - **BitMine Immersion (BMNR): Up 0.14%** - **SharpLink Gaming (SBET): Down 0.5%** ### Storage Sector - **Seagate Technology (STX): Up 1.23%** - **Western Digital (WDC): Up 1.47%** - **SanDisk (SNDK): Up 1.83%** - **Micron Technology (MU): Up 2.52%**

May 8 — As Australia’s cryptocurrency regulation reforms officially take effect, the Australian Transaction Reports and Analysis Centre (AUSTRAC) announced today it has launched two regulatory actions targeting the virtual asset industry. AUSTRAC said in a social media post it is engaging with dozens of crypto businesses and exchanges, focusing on how they manage anti-money laundering and counter-terrorism financing (AML/CTF) risks and prepare for the upcoming reforms. The actions primarily target over-the-counter (OTC) trading platforms and local exchanges. The new laws expand the regulatory scope to include custody and brokerage services. This reform marks a further strengthening of Australia’s regulatory framework for the crypto sector, with the goal of boosting industry compliance standards and reducing financial crime risks.