10 #Bitcoin ETFs outflows 3,062 $BTC(-$302.76M) and 9 #Ethereum ETFs outflows 16,114 $ETH(-$53.01M) yesterday.

May 8 Per official sources, Balcony—an AI and blockchain-powered land registry platform provider—announced today the completion of a $12.7 million seed funding round led by Blockchange Ventures. Built on the Avalanche blockchain and equipped with AI threat detection, the platform integrates fragmented real estate records into a tamper-proof digital registry system. The capital will go toward expanding its engineering team, driving market expansion, and rolling out its Keystone platform across multiple U.S. counties. Separately, reports note that Balcony’s Keystone platform aggregates data from disparate systems into a unified, searchable, and verifiable data hub. Its mTrace tool leverages AI for anomaly detection and property rights tracing.

Reuters reported on May 8 that the crypto advocacy group pushing to get the Swiss National Bank (SNB) to add Bitcoin to its reserves is expected to drop the effort—having failed to collect enough signatures to force a nationwide referendum. Swiss authorities had previously given organizers 18 months to amend the constitution, allowing the SNB to hold Bitcoin alongside its gold and foreign currency reserves. With just weeks left until the deadline, the "Bitcoin Initiative" said it has gathered only about half the required signatures—well short of Switzerland’s legal 100,000-signature threshold.

Hong Kong’s Securities and Futures Commission (SFC) issued a warning on May 8, adding two unlicensed platforms—StableStock and HabitTrade—to its alert list, per official sources. The SFC noted that online videos are luring the public to use StableStock, which claims to let users subscribe to Hong Kong IPOs with virtual currency and says it partners with HabitTrade. Both platforms are unlicensed by the regulator and not authorized to carry out any regulated activities in Hong Kong or market their services to the public, the SFC emphasized.

May 8 — Per Onchain Lens monitoring, BlackRock has just deposited 1,224 BTC (≈$98.16 million) and 11,475 ETH (≈$26.27 million) into Coinbase, with potential for additional asset deposits.

May 8: Federal Reserve Governor Milan said he still leans toward an early interest rate cut. (FXStreet)

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.