Flare Launches First XRP Spot Market on Hyperliquid, Introduces FXRP/USDC Trading Pair

On May 7, per Coinglass data, Bitcoin has held above $80k recently—but Coinbase’s Bitcoin premium index has flipped negative. The index remained positive for most of April. Additionally, the IFP index (which measures market participants’ risk appetite and fund flow direction) has fallen below its 90-day moving average. This signals some Bitcoin is shifting from derivative exchanges back to spot markets, pointing to waning speculative interest and risk aversion—typically tied to bearish sentiment.

Per Onchain Lens monitoring on May 7, a wallet linked to Matrixport deposited 403,290 HYPE into HyperLiquid (valued at $17.3 million) and sold 10,000 HYPE at $42.38 apiece (totaling $4.238 million). The wallet still holds 303,290 HYPE (~$13 million) and may sell the remaining portion.

May 7 — OKX will list Pre-IPO trading pairs for SpaceX/USDT, OpenAI/USDT, and Anthropic/USDT on May 7, per official sources, with support for up to 5x leverage. ### Notes on U.S. language habits adjustment: 1. **Company name capitalization**: Used standard case (SpaceX, OpenAI, Anthropic) instead of all caps (more natural for U.S. business/finance communications). 2. **Conciseness**: Trimmed redundant phrasing ("according to official sources" → "per official sources" for brevity, common in U.S. quick updates). 3. **Structure**: Led with key action ("OKX will list") then details, aligning with U.S. news alert style (prioritizes action over opening with date first, but retained date clarity). 4. **Leverage expression**: "support for up to 5x leverage" is natural for U.S. crypto/trading contexts.

On May 7th, Real Vision co-founder and CEO Raoul Pal spoke at the Consensus 2026 conference in Miami, sharing these key insights: - Humanity is at an unprecedented historical turning point. We’re on the cusp of seeing AGI entities that outpace humans in intelligence, flexibility, and power—with AI capabilities doubling annually right now. By 2028, AI’s annual text output will exceed all human text production in history, and all of this will unfold within 5 years. - When AI massively replaces human labor, the solution isn’t traditional Universal Basic Income (UBI)—it’s “Universal Basic Equity.” For the first time ever, ordinary people can directly own the underlying network by holding crypto infrastructure tokens, reaping benefits as the Agent economy expands. Institutional entry into the space hasn’t strayed from the crypto ethos; instead, it lets anyone worldwide buy BTC, ETH, SOL on the same footing as firms like BlackRock. - In a rapid-fire Q&A, Pal said if he had to choose

May 7 — BNY Mellon, the world’s largest custodian overseeing $59 trillion in assets, is expanding its digital asset custody business to the United Arab Emirates (UAE) via local partners. In a Thursday press release, the global financial giant announced collaborations with Finstreet and the ADI Foundation to build regulated digital asset infrastructure in Abu Dhabi Global Market (ADGM) — a financial free zone that’s become a Middle East hub for crypto firms and blockchain projects. The initial phase will focus on custody for cryptocurrencies like Bitcoin (BTC) and Ether (ETH), with plans to add stablecoins and tokenized assets later. “The UAE is entering a new phase of financial development marked by deeper markets, more mature digital technologies, and stronger global connectivity,” said Hani Kablawi, BNY Mellon’s Executive Vice Chairman. “With our world-class capital markets capabilities and scale, BNY Mellon is uniquely positioned to collaborate with clients, bridging tradit

On May 7th, Coinglass data shows Bitcoin surged in early trading to nearly $83,000 before pulling back. Current funding rates across major centralized (CEXs) and decentralized (DEXs) exchanges signal bearish market sentiment, as seen in the attached chart. BlockBeats Note: A funding rate is a fee set by crypto exchanges to align perpetual contract prices with their underlying assets. It facilitates fund transfers between long and short traders—exchanges do not collect this fee. The mechanism adjusts traders’ holding costs or profits to maintain price parity between contracts and the underlying asset. A 0.01% funding rate marks the baseline. Rates above 0.01% indicate a generally bullish market, while those below 0.005% point to bearish sentiment.