The popular AI framework Virtuals Protocol will host an in-person meet-up in Hong Kong on Friday, January 17.

**On May 9, U.S. District Judge Margaret Garnett approved Aave’s asset recovery plan following the rsETH exploit, clearing the transfer of ~$71 million in ETH—previously frozen on Arbitrum—to a wallet controlled by Aave.** Court filings reveal the ruling adjusted the prior restraining order against Arbitrum DAO, enabling the community to complete the ETH transfer via an on-chain governance vote—while waiving legal liability for those voting and executing the transfer. The incident stemmed from the April rsETH exploit, widely linked to North Korea’s Lazarus Group. Earlier, lawyers representing victims of North Korean terrorism had pushed to freeze the assets and sought to include them in an ~$877 million outstanding judgment. The Arbitrum community showed overwhelming support in a Snapshot temperature check vote to return the frozen ETH to Aave’s recovery plan, though formal on-chain governance approval is still required for the actual transfer. The case also forms part of U.S. pl

May 9 The U.S. Bitcoin Spot ETF has recorded net inflows for six consecutive weeks, marking the longest streak of continuous inflows since August 2025. Data shows the ETF has posted total net inflows of roughly $3.4 billion since the week of April 2. Weekly inflows hit a peak of around $996 million in mid-April, while this past week saw net inflows of approximately $623 million. This marks the first stretch of sustained inflows since summer 2025, when the ETF drew roughly $7.57 billion in total. However, fund flows showed signs of weakening in the latter half of last week. Thursday and Friday saw net outflows of $278 million and $146 million, respectively, partially eroding earlier gains. Analysts note the market is waiting on U.S. April nonfarm payrolls data to gauge the economic outlook and Federal Reserve policy path. Meanwhile, the U.S. Ethereum Spot ETF broke its prior outflow streak, posting net inflows of roughly $70.49 million last week.

**Official: CoinUp Launches Debut Trading Carnival for SLOP, SATO, NANA (100k CP Airdrop Pool)** Official sources confirmed that on May 9, cryptocurrency exchange CoinUp rolled out its first online trading carnival for tokens SLOP, SATO, and NANA—featuring a limited-time 100,000 CP airdrop pool. ### Event Perks for Participants: - **100% fee discount** on trades of the specified pairs - **CP airdrops for deposits** - **Extra rewards tied to trading volume** *Note: Each user is capped at 50 CP in airdrop rewards.* ### Event Duration: May 9, 2026, 11:00 AM – May 23, 2026, 11:59 PM (UTC+8)

**Ray Dalio Warns of Unprecedented Turmoil in Next Five Years** Bridgewater Associates founder Ray Dalio delivered a pessimistic forecast in a May 7 interview with The New York Times podcast *Sway*. He predicts the next five years could bring an unprecedented period of turmoil, driven by five converging forces unfolding simultaneously: monetary system dynamics, social division, shifts in the international order, climate change, and AI technology. Dalio specifically highlighted AI’s dual impacts: on one hand, it will significantly boost productivity and help ease debt challenges; on the other, it will exacerbate wealth inequality, displace millions of jobs, and be deployed for destructive uses like cyberattacks. These shifts, he noted, could reshape the U.S. beyond recognition.

May 9 – Amid rising memory chip costs and ByteDance ramping up its artificial intelligence (AI) push, the company has increased its 2024 AI infrastructure spending plan by 25% to 200 billion yuan, according to Jinse.