Linera Launches Babbage Testnet

**May 2 – Sources report seven OPEC+ members have reached a preliminary agreement to boost June oil production by ~188,000 barrels per day (bpd), even as the UAE exited the group. The increase aligns closely with last month’s 206,000 bpd figure (after excluding the UAE’s share), signaling OPEC+ is sticking to its usual decision-making framework. The seven countries plan an online meeting this Sunday.** Currently, US-Iran tensions have disrupted most shipping through the Strait of Hormuz, hitting OPEC producers harder than the group’s agreed output targets. As a result, the latest production hike is largely symbolic. The UAE previously announced an unexpected withdrawal from OPEC and OPEC+ effective May 1. Per PolyBeats monitoring, prediction market Polymarket shows: - 75% chance WTI crude closes at $110/bbl on any single day this month; - 45% chance for $120/bbl; - 22% chance for $130/bbl. Markets still anticipate a sharp oil price surge.

May 2nd — Per HTX market data, several altcoins posted notable gains today, including: - **BIO**: 24-hour price up 25.4%, now trading at $0.0515. On the news front, Bio Protocol is set to conduct a PEPTAI token sale allocation, with 20% of the allocation reserved for BIO token stakers. - **KNC**: 24-hour price increase of 20.4%, currently trading at $0.165. - **BABY**: 24-hour price rise of 18.6%, now at $0.0175. Among tokens in the Binance Alpha sector, several saw sharp surges: **LAB** led the pack with a 24-hour jump of over 206%, now trading at $2.1. Other Alpha tokens include: - **Crybaby**: 24-hour gain of 70.6%, current market cap of $1.45 million. - **UB**: 24-hour increase of 59.3%, current market cap of $4.74 billion. - **ARIAIP**: 24-hour rise of 58.4%, current market cap of $1 million. - **B**: 24-hour gain of 55.4%, current market cap of $3.27 billion. - **Freedom of Money**: 24-hour increase of 43%, current market cap of $7.8 million. ### Notes on

On May 2nd, CryptoQuant analyst Axel Adler Jr noted that Bitcoin has entered the lower range of the Adjusted Realized Price Bands model—an area where a market bottom may start to form, though the process won’t wrap up quickly. The analyst estimates bottoming typically takes around six months. A genuine bull market reversal won’t stem from sentiment-driven or partial rebounds; it requires the market to rediscover forward-looking value and see long-term real demand flow back in.

On May 2nd, Binance Alpha announced it will launch the Billions Network (BILL) airdrop on May 4th. Eligible users can claim the airdrop via Alpha Points on the Alpha page once trading goes live. Additional details will be released shortly.

On May 2nd, data revealed Ethereum’s mainnet hit an all-time high in monthly transaction volume for April, totaling 72.8 million transactions. A breakdown by transaction type is below: - Token Transfers: 62% - Utility: 13% - Financial: 8% - Cross-chain: 2% - Other: 15%

Bitdeer stated in an official announcement on May 2nd that as of May 1, 2026, its weekly Bitcoin production reached 186 coins—all of which were sold. The net change in its BTC holdings was 0, and its BTC balance remained at 0.