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US Stock Market Close: NVIDIA Market Cap Reaches $500 Billion Again, Circle Surges Over 6%

1 hours ago

May 7 — Per Bitget market data, U.S. stocks closed higher Wednesday. The Dow Jones Industrial Average (DJIA) gained 1.2%, the S&P 500 rose 1.4%, and the Nasdaq Composite climbed 2%. The DJIA briefly touched 50,000 points intraday, while the S&P 500 and Nasdaq extended their record highs. Nvidia surged 5.7%, pushing its market capitalization to $5.05 trillion. Google parent Alphabet rose nearly 3%, and Intel advanced 4%. Among crypto-related stocks: - MicroStrategy (MSTR) dipped 0.04% - Coinbase (COIN) edged up 0.11% - Circle Internet Financial (CRCL) jumped 6.67% - Sports Betting Tech (SBET) gained 1.17% - Bitfarms (BMNR) fell 0.89% ### Notes on American English adaptation: 1. **Date format**: Uses *May 7* (not "May 7th" for brevity in news) 2. **Stock terminology**: Uses formal index/company names (DJIA, Nasdaq Composite) + ticker symbols (e.g., MSTR) for clarity 3. **Verb choice**: Matches American financial jargon (gained, surged, edged up, jumped) 4. **Structure**: Bullet points for crypto stocks (common in U.S. news for readability) 5. **Accuracy**: Retains all original data (market caps, intraday milestones, exact percentages)
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PENGU Token Deployment Address Deposits 100 Million PENGU to CEX, Coin Price Drops by 7%

On May 7, EmberCN monitoring data shows that following the transfer of 100 million PENGU tokens (valued at ~$1.08 million) from Pudgy Penguins’ token deployment address to a centralized exchange (CEX), the PENGU token price dropped 7%—from $0.01147 to $0.0106. Six hours ago, 137 million PENGU tokens (worth $1.5 million) were moved out of the PENGU token deployment address. Subsequently, 100 million of those tokens (valued at ~$1.08 million) were sent to OKX and other exchanges.

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A certain whale withdrew 208,500 HYPE tokens from a CEX and later staked the tokens.

On May 7, blockchain analytics platform OnchainLens reported that a whale or institutional investor withdrew 208,560 HYPE tokens—valued at roughly $9 million—from crypto exchanges Bybit, Gate, and OKX, then staked the tokens.

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Aave has liquidated the remaining rsETH holdings of the Kelp DAO attacker, as the DeFi community pushes forward with a $292 million attack aftermath.

On May 7, Aave announced it has completed the liquidation of the remaining rsETH position held by the Kelp DAO attacker. The associated collateral will be transferred to DeFi United’s Recovery Guardian multisig wallet to replenish the rsETH reserve and compensate affected users. This liquidation is a key step in the $292 million Kelp DAO attack recovery plan. Earlier, the Aave community approved a governance proposal to temporarily adjust the rsETH oracle price, making the attacker’s position undercollateralized and triggering liquidation. Aave noted all related parameters will be fully restored post-liquidation, with no long-term impact on the protocol. The incident began on April 28, when an attacker reportedly tied to North Korea exploited a cross-chain bridge vulnerability in LayerZero-based Kelp DAO to fraudulently mint roughly 116,500 unbacked rsETH on Ethereum. The attacker then cashed out ETH via lending protocols including Aave and Compound. Following the attack, the DeF

14 minutes ago

The Paradigm-associated address has deposited 11,615 ETH into FalconX, worth approximately $27.29 million.

On May 7, Lookonchain data shows four wallet addresses—potentially linked to Paradigm Capital—deposited 11,615 ETH to FalconX three hours ago, with the transaction valued at roughly $27.29 million.

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Israel Launches First Beirut Airstrike Since Ceasefire, Targeting Hezbollah's "Radwan Force" Commander

Wednesday, May 7 (local time in Israel) — Israeli forces launched an airstrike on the southern outskirts of Beirut, Lebanon’s capital. This is the first Israeli strike on Beirut targets since the April ceasefire agreement. Israel said the operation targeted a commander of Hezbollah’s elite “Radwan Force” — the group’s core special operations unit with cross-border infiltration capabilities, long a key Israeli strike target. While some media reported the commander was killed, neither the Israeli military nor Hezbollah has officially confirmed his death. Israeli Prime Minister Benjamin Netanyahu and Defense Minister Benny Gantz jointly announced the operation. The airstrike is seen as a direct challenge to the U.S.-mediated Lebanon-Israel ceasefire, which took effect April 17. Iran previously stated “Israel halting strikes on Lebanon” was a critical prerequisite for advancing U.S.-Iran talks. Border tensions between the two sides continue to escalate: Hezbollah has fired rock

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Nikkei 225 Index Surpasses 61,000 Points for the First Time, Reaching a New All-Time High

On May 7, per Bitget market data, the Nikkei 225 Index has broken above 61,000 points for the first time, last trading at 61,735.29—hitting a new all-time high.

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