An affiliated address of Matrixport has deposited 403,000 HYPE into HyperLiquid, with 100,000 coins from the deposit already sold.

On May 7, 1inch took to Twitter to clarify misleading reports surrounding the TrustedVolumes vulnerability incident. Neither 1inch nor any of its protocols were impacted by the event, ensuring the security of its systems, infrastructure, and user funds. TrustedVolumes is an independent liquidity provider used by multiple protocols across the industry—it is not exclusive to 1inch. 1inch noted it is actively monitoring the situation and collaborating with relevant security parties. In a prior report, an attacker stole roughly $5.87 million from TrustedVolumes. The attacker exploited a public function to register as an AllowedOrderSigner, then executed orders to transfer pre-approved funds from victim addresses.

On May 7, per HyperInsight monitoring (via its Telegram channel @HyperInsight), Brent crude oil saw a temporary pullback—with BRENTOIL futures on Hyperliquid dropping below $98, slipping back under the key $100 mark for a second time. The drop triggered the forced liquidation of positions held by two on-chain crude oil bull whales: a total of 30,500 BRENTOIL long contracts worth approximately $3.02 million. Their liquidation levels were $99.8 and $97.8, respectively. Both whales opened their positions overnight. At the time, Brent crude had plummeted to $98 before staging a slight rebound. Each entered long positions near $100, set their liquidation levels just below the $100 mark, and likely aimed to bet on a rebound. Relevant wallet addresses: 0x6fefdc7b1f6e21c2df6564444547a88d3682e993 0x20b7807939c774a152b396beb704acac68fa10fe

May 7 – Per Saudi media outlets Alhadath and Al Arabiya, sources report the U.S. and Iran have reached an agreement to gradually open the Strait of Hormuz in exchange for easing the maritime blockade. A breakthrough in the situation of stranded ships in the strait is expected in the next few hours. International oil prices plummeted Wednesday, with WTI crude sliding over 3% intraday and Brent crude falling nearly 3%. Gold and silver prices extended gains, with spot gold topping $1,750 an ounce and silver climbing above $79 an ounce. (Oriental Fortune)

On May 7th, BIT—the ecosystem project behind the Bitcoin TAP Protocol—unveiled a new roadmap, outlining a focus on building a "Bitcoin Security Budget Layer" and exploring ways to provide additional incentive sources for Bitcoin miners via a token issuance mechanism. The BIT team noted that under the current TAP Protocol, only the NAT token can be distributed to miners via the protocol’s built-in mechanism. The associated logic is hard-coded into the protocol’s source code, applying solely to dmt-nat—meaning other DMT projects cannot access this feature. Additionally, the TAP Protocol has not yet publicly released the results of a third-party security audit. Reportedly, BIT previously submitted an upgrade proposal to TAP’s official team, seeking to open the miner subsidy mechanism to all DMT tokens—but the proposal was not accepted. Per the new roadmap, BIT intends to fork the TAP Protocol for development and launch a new framework. This framework will let DMT projects customi

Official announcement: Binance will launch BILL perpetual contract trading at 16:15 UTC today (May 7th), with up to 20x leverage. Billions Network (BILL) is a universal human-AI network that lets anyone verify online in seconds they’re a real, unique individual—without disclosing their underlying data.

May 7th Per an official announcement, Binance Wallet will distribute the Binance Alpha airdrop today at 6:00 PM UTC. Users with at least 245 Binance Alpha points can claim the tokens on a first-come, first-served basis—until the airdrop pool is fully allocated or the event ends.