Yesterday, the US Ethereum Spot ETF saw a net outflow of $1.185 billion, marking the sixth consecutive day of outflows.

Hyperliquid Strategies, the treasury firm behind the HYPE token, disclosed its third-quarter report on Thursday, revealing it currently holds roughly 20 million HYPE tokens. Since its founding in December 2025, the company has deployed $216 million to acquire approximately 7.3 million HYPE tokens. Hyperliquid Strategies went public last year via a merger with Sonnet BioTherapeutics, focusing on accumulating HYPE tokens to maximize shareholder value through staking, yield optimization, and ecosystem participation. Beyond HYPE purchases, the firm also allocated $10.5 million to repurchase roughly 3 million shares of PURR stock at an average price of $3.42 per share. It maintains a cash position of $103 million for future treasury deployments, share buybacks, and other corporate expenses. For the nine months ended March 31, the company reported a net loss of $165.4 million. The filing noted the loss was “primarily driven by” a $64 million unrealized net loss on HYPE tokens, a $35.6 mill

On May 8, per LookOnChain data, a whale at address 0xee25 took a 3x leveraged long position on 1.97 million TON (valued at ~$5.39 million) over the past 5 hours, with a liquidation price of $0.944.

May 8: U.S. President Donald Trump said today’s strike on Iran “hit them hard.” On a potential Iran deal, he noted it “may not happen, but could happen any time—I think they’re more eager than I am.” He added the ceasefire remains in effect despite the strike. “They pulled a trick on us today—we hit back hard. They pulled a trick again; I call that ‘a little trick,’” Trump said. He also warned: “Negotiations are going very smoothly, but they need to know if no deal is signed, they’ll suffer greatly.” (FX Street)

**DL News to Shut Down End-May Amid Crypto Media Headwinds** (May 8) — DL News announced Monday it will close operations by the end of May, wrapping up the crypto-focused media platform launched in 2022 as a new business under DefiLlama. Originally positioned as a professional outlet to avoid traditional media’s bias against the crypto industry and crypto media’s “mindless shilling” tendency, DL News had targeted profitability. However, a deteriorating media landscape—including sharp traffic drops for crypto/tech outlets, AI-fueled search traffic collapses, and content aggregation—strained its business model drastically. While its research arm, DL Research, posted 270% year-over-year revenue growth in 2025 (topping seven figures annually and serving top crypto firms), the division’s gains failed to offset overall operational pressure. DL News began layoffs in mid-April and formally notified employees on May 1 of the closure. The team noted it published major exclusive report

May 8 — BitMine Chairman Tom Lee said at Consensus 2026 on Wednesday that the Ethereum treasury firm may slow its ETH purchases as it nears its accumulation target. The company currently holds over 5.1 million ETH, valued at ~$11.9 billion at current prices. Lee noted BitMine originally planned to take 5 years to accumulate 5% of total ETH supply—but now holds 4.29% (achieved in less than 1 year). At its current weekly rate of 100,000 ETH, the firm will hit the 5% target in ~6 weeks; Lee added they’re considering a slower pace. This marks a tone shift for BitMine, one of the few large digital asset treasury firms still actively buying crypto amid a downturn (many rivals have paused accumulation). MicroStrategy (MSTR)—the top corporate Bitcoin holder, which has been accumulating for months—said this week it may sell BTC to cover dividend obligations, per CEO Michael Saylor’s suggestion. Lee emphasized BitMine remains profitable via staking rewards and cash flow, reducing pressu

On Thursday, May 8, OpenAI announced that a variant of its latest AI model—GPT-5.5-Cyber—will be rolled out to vetted cybersecurity teams in a limited preview. Just one month earlier, rival Anthropic drew investors and government officials with a preview build of Claude Mythos. OpenAI emphasized that the preview build of GPT-5.5-Cyber isn’t designed to drastically boost cybersecurity capabilities; instead, it’s trained to be more flexible with security-focused tasks. The company added that this cybersecurity-tailored version will let vetted teams more easily tap into OpenAI’s latest model for vulnerability identification and scoring, patch validation, malware analysis, and other security workflows.