10 #Bitcoin ETFs outflows 2,152 $BTC(-$201.21M) and 9 #Ethereum ETFs outflows 45,684 $ETH(-$148.11M) yesterday.

**NEW YORK FED’S WILLIAMS: U.S. TREASURY DEMAND REMAINS STRONG AMID HEAVY GOVERNMENT BORROWING** In remarks Thursday, New York Fed President John Williams said U.S. Treasury demand remains robust even as the federal government ramps up borrowing. The Fed is closely monitoring the government’s high debt levels, he noted, adding that while surprising, market appetite for Treasuries is still “enormous.” “Even amid geopolitical issues and other factors, the U.S. remains viewed as the world’s strongest economy and a top safe haven for capital — that hasn’t changed,” Williams said. On the economy: Williams highlighted the U.S. has shown “significant resilience” amid energy shocks tied to the Middle East war. Given surging energy prices, he stressed the “biggest issue” is how the situation evolves. On inflation: To tackle persistent high inflation, the Fed will “ensure” it works to bring inflation back to the 2% target, he added. (FXStreet)

On May 8, U.S. President Donald Trump said Pakistan had asked the U.S. not to carry out "Free Balochistan"-related efforts during its talks with Iran. (FX Street)

May 8: Onchain Lens monitoring reveals the U.S. government—via assets tied to the Brian Krewson forfeiture case—has deposited 2,466 UNI (~$8,410), 152,925 CRO (~$10,689), and 1,589 LINK (~$15,703) into Coinbase Prime.

May 8th – Bitget data shows Coinbase (COIN) shares dropped 4.7% in after-hours trading following the crypto platform’s Q1 earnings release. The report revealed a net loss of $3.941 billion, with revenue and profits missing analyst expectations. Falling crypto prices weighed on trading activity—Coinbase’s key revenue driver. Specific metrics: - EPS: A loss of $1.49 (vs. $0.27 expected earnings per share) - Total revenue: $14.1 billion (below $15.2 billion consensus) - Trading revenue: $7.558 billion (short of $8.052 billion estimate) - Subscription & services revenue: $5.835 billion (missing $6.193 billion target; this segment is critical to Coinbase’s strategy to reduce reliance on transaction fees) Coinbase CEO Brian Armstrong noted the firm is shifting from a “spot-trading-focused crypto platform” to one supporting multiple asset classes, including derivatives, commodities, futures, and event prediction contracts.

**May 8th** Jack Dorsey’s Block posted a $173 million revaluation loss in the first quarter (Q1) due to Bitcoin price swings, pushing its net loss attributable to common stockholders to $309 million. The company holds 28,355 bitcoins, valued at roughly $2.2 billion. Despite the non-cash loss, Block’s Q1 total revenue rose 27% year-over-year to $2.91 billion. Cash App revenue jumped 38% to $1.91 billion, while its Bitcoin segment fell 31%. Square’s Bitcoin business was nearly flat, with revenue of ~$28 million offset by roughly matching costs—leaving negligible impact on gross profit. Adjusted operating profit climbed 56% to $728 million, and adjusted earnings per share (EPS) rose 52% to $0.85. Block lifted its full-year outlook: it now projects 19% year-over-year growth in 2026 full-year revenue, with adjusted diluted EPS up 62%.

Coinbase Reports Q1 Earnings: Net Loss, Revenue Decline Amid Crypto Volatility (May 8) — Coinbase posted a net loss of $394.1 million in its first-quarter financial report, driven by a sharp drop in cryptocurrency prices that hammered the value of digital assets on its balance sheet. The exchange recorded a $482 million loss on crypto holdings earmarked for investment. CEO Brian Armstrong remains bullish, however, arguing “all finance” will eventually migrate to the blockchain and Coinbase is positioned to capitalize on that shift. “Despite the crypto market downturn, the on-chain economy’s fundamental growth remains strong,” he said. Coinbase is also transitioning from a “spot-first crypto platform” to one offering multiple asset classes, including derivatives, commodities, futures, and event contracts. Recent Performance Context: - In Q1 2025, Coinbase (COIN) reported a net profit of $66 million. - The latest quarter marks its second consecutive net loss, following a $66