Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

On May 8th, per HyperInsight Monitoring (link: https://t.me/HyperInsight), a whale has shorted 60.3 BTC using 40x leverage, with the position valued at approximately $4.8 million. The average entry price was $79,605, while the liquidation price sits at $80,590—less than $1,000 away from the current market price. This whale currently holds the closest position to liquidation on Hyperliquid and opened the latest million-dollar short position of the day. Address: 0x86489cead9591001b90d8b77c85918f111b82c3c

As of May 8, LookOnChain monitoring data shows Erik Voorhees—ShapeShift founder and early Bitcoin backer—has just added 2,920 ETH (valued at roughly $6.67 million) to a linked address. Prior to this addition, the address already held 123,184 ETH. Voorhees himself, however, has denied any association with the address.

On May 8, data from Bespoke Investment Group reveals U.S. GDP expanded at a 2.0% rate in Q1 2026. Software and IT equipment investment contributed 134 basis points to growth—67% of the total—marking the highest share on record. This underscores AI as the primary driver of U.S. economic growth. The data also shows the 5-quarter moving average of contributions from software and IT equipment investment has recently surged sharply, topping the 1999 record by roughly 10 basis points.

May 8th — Financial Times reports Anthropic is weighing raising tens of billions of dollars this summer to fund a large-scale expansion of its computing capabilities, a move that would push its valuation to nearly $1 trillion and surpass rival OpenAI. Five people familiar with the matter say the developer of Claude was valued at $380 billion in February this year. As its revenue continues to climb, Anthropic has drawn interest from investors including Dragoneer, General Catalyst, and Lightspeed Venture Partners. These sources expect the firm’s annualized revenue—extrapolated from recent weeks to estimate annual performance—to exceed $45 billion, five times the $9 billion it reported at the end of last year. Three of those sources add the new funding round is expected to set Anthropic’s pre-money valuation at around $900 billion, with a fundraising target of up to $50 billion. The round is likely to close within two months, they note. OpenAI’s post-money valuation stood at $852 bi

May 8 — Pakistani sources report Iran is reviewing its response to the U.S.’s 14-point proposal, which seeks to formally end hostilities and open a 30-day negotiation window to discuss issues including Iran’s nuclear program, sanctions relief, and safe passage through the Strait of Hormuz. A Pakistani diplomatic source said Iranian officials are expected to issue an official response on May 8, with the U.S. awaiting Iran’s stance on key issues. Iran recently submitted a new proposal to the U.S. via Pakistani mediators, incorporating the 14-point plan. The proposal’s core points include a commitment to no further military aggression, U.S. military compensation, and establishing a new management mechanism for the Strait of Hormuz. On May 2, President Trump stated he would soon evaluate Iran’s new proposal but “could not imagine” it would be “acceptable.” (CCTV News)

On May 8, Coinbase suffered more than two hours of downtime, and its status page redirected users to AWS’s status page.