Glassnode: Bitcoin and Ethereum ETF Fund Flows Continue to Show Net Outflows, Indicating Some Institutional Investors Are Exiting the Market

**May 8 –** A HarrisX survey of 2,008 registered voters conducted May 1–4 finds widespread support for the CLARITY Act: 52% back the measure, while just 11% oppose it. Notably, 47% of voters say they’d cross party lines to support candidates who endorse the act (that figure rises to 72% among cryptocurrency users). Industry leaders are optimistic: Coinbase CEO Brian Armstrong called the act a “bipartisan win-win issue” on social media, while Robinhood CEO Vlad Tenev noted “real momentum” behind its passage. Bipartisan backing is robust: 55% of Democrats, 58% of Republicans, and 42% of Independents support the bill. Analysis suggests supporting the CLARITY Act could give senators a roughly 20-percentage-point electoral edge. On legislative progress: Coinbase U.S. Policy VP Kara Calvert predicts the Senate Banking Committee may hold additional hearings as early as next week. The act needs at least 60 Senate votes to pass, requiring Democratic support and sustained bipartisan

May 8 — Payment giants Mastercard, investment bank JPMorgan, blockchain payment firm Ripple, and tokenization platform Ondo have completed a cross-border tokenized government bond settlement experiment linking public blockchains with traditional banking systems. The initiative aimed to bridge the "last mile" between public chains and banks’ closed systems, exploring how tokenized assets like U.S. Treasury bonds can enable near-real-time settlement for bank consortia in real cross-border scenarios. Notably, the collaboration does not involve any single cryptocurrency; instead, it focuses on real-world asset (RWA) tokenization and the integration of institutional decentralized finance (DeFi) with traditional financial infrastructure.

May 8 — WORLD3 officially launched its decentralized AI routing network, RouterLink, and rolled out the new domain routerlink.ai. A company official noted that the full version adds key features over the Alpha stage, including Web2 payment support, direct access to cutting-edge AI models, and production-grade cloud service backing. Per disclosures, RouterLink currently supports 68+ AI models spanning 20+ model providers, such as Claude, GPT, Gemini, DeepSeek, Grok and other model series. The platform accepts payments via Stripe credit card, Apple Pay, Google Pay, and the on-chain $WAI token, while offering email registration for developers and a streamlined onboarding process. WORLD3 adds that its infrastructure is backed by cloud giants like AWS, Microsoft Azure and Google Cloud, with a cumulative cloud resource quota of roughly $450,000. Looking ahead, the project roadmap includes the RouterLink mainnet, GPU compute marketplace, Agent skill marketplace, and enterprise-level SLA

On May 8th, OKX announced that its Agent Trade Kit has launched a "One-Click Quick Connect" feature. This enables AI agents like Claude, Codex, and OpenClaw to directly link to users’ OKX accounts for market analysis, trade execution, and coin-earning management—no manual API key generation or configuration is needed. The connection process is straightforward: initiate a request via the AI agent, log in to OKX through your browser to authorize the access scope, and the setup is complete. The feature supports three customizable permission types: read, trade, and coin-earning. For instance, if a user only enables coin-earning permissions, the AI will only perform coin-earning-related actions. Authorizations expire automatically after 7 days of inactivity, and all active authorizations can be viewed and revoked on OKX’s website under "Third-Party Authorization Management."

On May 8th, per Onchain Lens data, Grapefruit Trading staked 33,370 ETH in Eth2.0—with the stake valued at $76.13 million.

**Coinbase Q1 2026 Earnings: 31% YoY Revenue Drop, $394M Net Loss (Exceeds Expectations)** On May 8, Coinbase released its first-quarter 2026 financial report: net revenue fell 31% year-over-year to $14 billion, while net loss hit approximately $394 million—far above market expectations. While the crypto market downturn is widely blamed, the company’s past-year moves had already signaled trouble for its performance. Key moves raising red flags: - **CEO’s $500M COIN Selloff**: Over the past year, Coinbase CEO Brian Armstrong sold roughly $500 million worth of COIN shares, with sale prices ranging from $176.58 to $398.20. - **$375M Echo Acquisition**: Bought on-chain financing platform Echo, but the service has a limited user base and faces scrutiny over Sybil attack risks. - **$25M NFT Podcast Flop**: Invested $25 million in NFT-focused podcast project UpOnly—no episodes have been released to date. - **$29B Deribit Buy**: Acquired derivatives platform Deribit for $29 billi