Huobi HTX has launched AERGO perpetual contracts and kicked off a contract trading party.

On May 5, Fox News reported that U.S. President Donald Trump said if Iran attacks U.S. ships, Iran will be "wiped off the face of the Earth."

On May 5, data from GMGN shows the on-chain meme coin ASTEROID has surged nearly 43% in the past 24 hours, with a market cap hitting $180 million and 24-hour trading volume reaching $23.4 million. Per reports, the meme coin ASTEROID’s origin story traces back to 15-year-old Liv Perrotto. Before her passing, her greatest wish was to meet Elon Musk, and she helped design a Shiba Inu-shaped plush toy named “Asteroid.” Following her death, her mother publicly reached out to Musk, and the story gained traction on Glenn Beck’s show (hosted by the renowned media personality). On April 19, Musk greenlit “Asteroid” as SpaceX’s official mascot. BlockBeats cautions users: Meme coin trading is extremely volatile, largely driven by market sentiment and speculative hype, with no underlying value or practical use cases. Investors should exercise extreme caution regarding associated risks.

On May 5, Tom Lee said in a social media post that the impact of news about Iran's warhead attack on the stock market is temporary, and investors should buy the dip.

On May 5th, Bitget data shows GameStop (GME.N) shares tumbled sharply, with intraday losses widening to 10%—the stock was last trading at $23.9. Market watchers are widely concerned that GameStop, the $12 billion market-cap video game retailer, is seeking to acquire e-commerce giant eBay (valued at nearly $46 billion) for roughly $56 billion. The deal faces significant funding and integration risks in execution. While GameStop has lined up about $20 billion in debt financing commitments, analysts remain skeptical of the financing plan and the transaction’s outlook, noting the company’s current share price may be overvalued.

May 5th — Iranian state media quoted a senior Iranian military official as stating Iran has no plans to target the United Arab Emirates (UAE). (Golden Finance)

On May 5th, U.S. Central Command (CENTCOM) Commander General Frank McKenzie stated that Iran attempted to attack a commercial vessel but failed. The U.S. military destroyed six Iranian small boats that were trying to disrupt commercial vessel navigation. McKenzie strongly advised Iranian forces to maintain a safe distance from U.S. military assets, adding that the U.S. military’s blockade of Iran has proven more effective than expected.