U.S. January 1-Year Inflation Rate Expectation Final Value 4%, Expectation 4.2%

May 7 — U.S. and Iranian negotiators are currently targeting a Memorandum of Understanding (MoU) rather than a comprehensive peace deal, suggesting lingering differences between the two sides and that any agreement at this stage would be a transitional step. The U.S. government appears to be shifting its negotiation strategy: simplifying the agenda to start with less contentious issues, deferring the most divisive topics to later stages. Per monitoring from PolyBeats (https://t.me/PolyBeats_Bot), prediction market Polymarket puts the probability of a U.S.-Iran permanent peace agreement at: - 34% by May 15 - 47% by May 31 - 59% by June 30

On May 7th, Cathie Wood (founder of Ark Invest, nicknamed “WoodSis”) spoke with Binance CEO Changpeng Zhao (CZ) on a podcast, clarifying her past comments about last year’s October 11 crypto flash crash. Wood emphasized Binance did not trigger the flash crash. Instead, the sharp price drop caused a system malfunction, and tariff fears compounded the market’s fragility. CZ thanked her for the clarification, noting the earlier statement was widely cited by media—with many alleging Binance caused the crash. “I’m glad you’ve clarified this now,” he said.

On May 7, Iran implemented new regulations for transit through the Strait of Hormuz, requiring vessels to submit an application to ensure safe passage. Iranian senior officials also stated the U.S. cannot reopen the strait via its "impractical plan." Per monitoring by PolyBeats (via their Telegram bot @PolyBeats_Bot), the prediction market Polymarket puts the probability of vessels sailing through the Strait of Hormuz by month’s end at 39%.

May 7: Bitcoin dropped below $80k, with a 1.9% decline over the past 24 hours, per HTX market data.

On Thursday, May 7, 21Shares’ Canton Network ETF (ticker: TCAN) launched on the Nasdaq Stock Market. The fund marks the first U.S. exchange-traded fund (ETF) to offer direct exposure to Canton Coin.

On May 7 Ethereum address holding the second-largest amount of meme token sato “bought the top,” per on-chain analyst Ai Auntie (@ai_9684xtpa). Over the past 11 hours, the address purchased sato at an average price of $1.4304, spending a total of $480,000. The buy order coincided with sato’s price peak, making it the top buyer of the token in the past 24 hours. It now holds an unrealized loss of $276,000. 23 hours earlier, the address withdrew 1.23 million USDC from Hyperliquid, with 750,000 USDC still unused in its wallet. Sato is the address’s only meme token holding, and it has not reduced its position. BlockBeats notes that meme coins often lack real-world use cases, see extreme price volatility, and investors should exercise caution when considering them.