Core Scientific sold 2,385 bitcoins in Q1 to fund its transition to an AI data center

On May 7, on-chain detective ZachXBT accused LAB project founder @vsadkovv of market manipulation on a centralized exchange (CEX), claiming the scheme severely harmed retail investors. He cited on-chain evidence showing the founder’s linked wallet deposited a large volume of LAB tokens to the exchange beforehand, after which the token’s price was artificially pumped. ZachXBT labeled this a classic pump-and-dump scheme, noting the team effectively controls a large share of LAB’s circulating supply. He also stated he privately reached out to the founder to discuss the issue but was blatantly ignored.

On May 7, HTX market data shows LAB plummeted sharply—from $4.7 to $3.52, a roughly 25% drop—likely driven by ZachXBT’s accusation that the LAB founder engaged in market manipulation harming retail investors.

On May 7, Coinbase launched GOLD-PERP and SILVER-PERP perpetual contracts for eligible non-U.S. traders. The crypto exchange also plans to offer 24/7 gold and silver futures trading to U.S. users via its CFTC-regulated CDE platform. All products settle in USDC and provide up to 25x leverage.

On May 7, the Islamic Revolutionary Guard Corps (IRGC) Navy of Iran designated two shipping lanes for vessel traffic, and vessels are still prohibited from transiting the Strait of Hormuz without Iranian permission. (Xinhua News Agency)

Virtuals Protocol: Official Announcement May 7 The OpenGradient Titan Launch airdrop is now live! Eligible users may claim OPG tokens directly via their Virtuals account. Today, 500k OPG tokens have been distributed to reward contributions to the Virtuals ecosystem. Distributions will occur two weeks after the TGE window, weighted across two groups: - veVIRTUAL holders (based on OPG net purchases) - OPG net buyers On average, each wallet in the veVIRTUAL group will receive ~6x the OPG airdropped to OPG net buyers—ensuring long-term ecosystem participants benefit most from Virtuals Protocol’s content releases.

Strait of Hormuz tensions escalated sharply on May 7 after the U.S. attempted to escort merchant vessels, with Iran’s Islamic Revolutionary Guard Corps (IRGC) launching attacks on multiple merchant ships from various countries. On May 6, France’s CMA CGM Group (the world’s second-largest container shipping firm) reported its small container ship *San Antonio* was attacked the previous day while transiting the Strait of Hormuz, leaving crew members injured and the vessel damaged. On May 4, a Chinese-owned oil tanker was attacked at the Strait of Hormuz entrance off the UAE’s Al-Jeel port, sparking a deck fire. The vessel was marked "CHINA OWNER & CREW" at the time of the attack. According to monitoring by PolyBeats (via https://t.me/PolyBeats_Bot), the probability of the Suez Canal reopening on the prediction market Polymarket has risen from 7% 15 days prior to 34% by month-end.