Trump: Stock Market Hits All-Time High Today, Employment and 401-K Plans Thriving

On May 7th, per AI CheckMate data, whale trader nemorino.eth has launched a new round of accumulation. Twelve hours ago, amid a market downturn, the trader purchased 2091.43 ETH on-chain at an average price of $2386.78—totaling $5 million in value. The ETH has since been deposited into Spark.

May 7. TON picked up momentum again this morning. At press time, the token was trading at $2.5672, up over 5% in the past hour. Meanwhile, tokens tied to the TON ecosystem saw another rally: DOGS surged more than 50% in the last two hours, while NOT, HMSTR, and CATI also posted notable gains. Earlier, Telegram founder Pavel Durov took to his personal channel to announce that Telegram will replace the TON Foundation as TON’s driving force and become its largest validator. The statement has fueled strong optimism in the community about the TON ecosystem.

On May 7, per GMGN monitoring, the Solana-based meme coin USDUC saw its market cap surge nearly tenfold in a short period following the release of relevant positive news, hitting a peak of $29 million. It has since pulled back sharply, with a current market cap of $14.7 million—still boasting a 550% 24-hour gain, accompanied by $21.8 million in trading volume. The price jump may have been directly fueled by Binance US’s announcement that it would list the token for spot trading at 7:00 AM ET on May 7 (7:00 PM Beijing time the same day). BlockBeats advises users that meme coins are highly volatile, driven primarily by market sentiment and hype, with no underlying value or use case. Investors should exercise caution regarding associated risks.

On May 7th, per Lookonchain monitoring, HyperLabs unstaked 421,879 HYPE tokens two days earlier—valued at roughly $18.08 million—and deposited 400,000 HYPE tokens into crypto exchanges Bybit and OKX over the past 11 hours, worth around $17.34 million.

On May 7, PeckShield monitoring revealed that crypto market maker TrustedVolumes was hacked, resulting in approximately $5.9 million in asset losses. The stolen funds include roughly $3.02 million in ETH, $1.37 million in WBTC, and $1.47 million in stablecoins. The attacker has since converted the stolen assets into around 2,513 ETH. TrustedVolumes was previously hacked in 2025 due to a vulnerability in the old smart contract of 1inch Fusion v1, losing about $4.5 million (primarily USDC and WETH). After negotiations, the hacker returned most of the funds and received a 10% "bounty" reward. That incident did not impact end users, only affecting third-party market makers.

On May 7, Tencent announced that since its launch, the token usage of the Hy3 preview has continued to grow, now totaling more than 10 times that of its predecessor, Hy2. Notably, token invocation has surged in code and intelligent agent scenarios—rising over 16.5 times in Tencent’s WorkBuddy/CodeBuddy and Qclaw-like applications. ### Key adjustments for American English conventions: 1. **Date format**: Uses "Month Day, Year" (standard in U.S. media). 2. **Conciseness**: Replaces wordy phrases ("previous generation model") with concise terms ("predecessor"); simplifies "Token invocation volume" to "token usage" (more natural in tech context). 3. **Emphasis**: Uses "surge" and an em dash to highlight key growth in niche scenarios (aligns with U.S. news brevity). 4. **Terminology consistency**: Keeps product names as given, with consistent capitalization (CodeBuddy instead of codebuddy for brand consistency). All original information is retained without extra characters.