According to DB News, the DOJ is cleared to sell 69,370 $BTC($6.58B) confiscated from Silk Road.

May 9th Bitcoin’s latest move ties back to macro narratives, with two key developments underscoring dollar risks and shifting investor preferences: - **Ray Dalio’s Debt Warning**: Bridgewater Associates founder Ray Dalio flagged the $39 trillion U.S. debt crisis as a threat to the dollar—warning of long-term devaluation or even a "collapse." He noted the U.S. spends ~$7 trillion annually but only generates ~$5 trillion in revenue, pushing long-term fiscal deficits and debt expansion to historically dangerous levels. Historically, such periods have seen fiat currencies erode while gold benefits, he added. - **JPMorgan’s Gold-to-Bitcoin Rotation**: JPMorgan analyst Nikolaos Panigirtzoglou said the market is rotating out of gold and into Bitcoin as part of a "currency debasement trade." Since the Iran conflict escalated, Bitcoin ETF inflows have consistently outpaced gold ETFs, with some funds now framing Bitcoin as "digital gold" and a hedge against dollar weakness. **Context

May 9th — Per HyperInsight monitoring (https://t.me/HyperInsight), a whale opened 14 consecutive long positions yesterday, all closing at a loss with zero profitable trades. Within the past hour, the address has switched to short positions, opening a 10x-leveraged short on 2,000 ZEC. The position size is ~$1.2 million, with an entry price of $614.9 and current unrealized profit of 20%. Address: 0x95ccaf0846757c74b33b146db85e757249b99c8a

May 9 – The governor of Iran’s Hormozgan Province’s Lengeh Port County denied earlier reports Wednesday that U.S. fighter jets attacked multiple Iranian cargo and fishing vessels near Sabk Port in the Sea of Oman. The reports claimed six vessels were targeted, leaving six people missing and six injured. In an interview, the governor said media reports attributed to him about the incident “are not true.” He stressed no relevant authorities have yet released official, confirmed information or statistics on such an attack. (FXStreet)

On May 9, Bitget launched its VIP-Exclusive ETH Wealth Management Product, targeting VIP users who participated in CC PoolX between 6:00 PM May 6 and 6:00 PM May 10 (UTC+8). During the event, eligible users can head to the "Earn ETH Easily" tab to subscribe to ETH, with a maximum annual percentage rate (APR) of 5%. The subscription period runs from 6:00 PM May 10 to 6:00 PM May 15 (UTC+8). Additionally, Bitget will set aside a total of 100 NVDAON tokens as extra rewards for VIP users who meet specific trading criteria tied to their ETH deposit timing, amount, and holding period. For full details, visit the official Bitget platform.

May 9 — Recent reports say DeepSeek is kicking off its first round of financing, with investment discussions underway with firms including Tencent and Alibaba. However, negotiations between Alibaba and DeepSeek have recently collapsed. A market source told Yicai today that Alibaba shouldn’t have been part of those talks in the first place. Separately, BlockBeats reported today, citing an exclusive from Whale Laboratory, that the talks fell apart because the two sides couldn’t agree on specific terms. Multiple people close to the deal pointed to the core conflict: Alibaba pushed for ecosystem integration, while DeepSeek insisted on staying independent. Alibaba has ramped up AI ecosystem integration efforts this year. In March, it launched the Alibaba Token Hub, which includes five key business units like Tongyi Lab and the Qianwen Division. In May, the company rolled out a unified AI digital persona and integrated the Qianwen assistant into core products such as Taobao, Gaode,

Over the past 24 hours ending May 9, former President Donald Trump has made extensive remarks on a range of topics, including the Middle East, tariffs, AI, Russia-Ukraine, and extraterrestrial life. On the Middle East, Trump said the U.S. could restart an "upgraded" version of the "Freedom Plan" if the current situation "does not make progress." He also noted he expects Iran’s official response to a U.S. proposal. Upon returning to the White House, however, he declined to say whether he had received Iran’s reply. In tech and markets, Trump called Dell computers "great" during a Rose Garden speech and urged the audience to buy them. Dell’s stock jumped nearly 14% at one point Friday, hitting an all-time high. On trade, the U.S. Department of Justice has appealed a recent court ruling against Trump’s tariff policy. Earlier, a federal trade court ruled the 10% global tariff imposed by the Trump administration was "unlawful." On economic data, Trump touted April’s U.S. jobs rep