The South Korean National Assembly has passed an amendment to the Foreign Exchange Transaction Act, bringing the cross-border transfer of cryptocurrency into the foreign exchange management system

On May 8th, Binance will support the Chiliz (CHZ) 2.0 mainnet integration and contract swap, covering both CHZ tokens and all Chiliz fan tokens. All BEP2-based CHZ tokens will be swapped to CAP20 at a 1:1 ratio. Fan tokens (including ACM, ASR, ATM, BAR, CITY, JUV, OG, PSG, etc.) will also be converted from the Chiliz Legacy Chain and BEP20 format to CAP20 at a 1:1 ratio. Once the swap is finalized, users’ holdings, trading, and other services on Binance will remain unaffected. For specific timelines and details, please refer to the official announcement.

May 8th — Per LookOnChain data, a trader (address starting with 0x8062) launched ETH trading with a $4.38 million USDT fund on February 2nd. Three hours ago, the trader closed all ETH positions, leaving an account balance of just ~$3.4 million USDT — a total loss of roughly $1.48 million.

May 8th — Binance Alpha has unveiled the participation requirements for the ShareX (SHARE) airdrop: users must hold at least 230 Alpha Points to join. Participating in the event consumes 15 points initially, with the required points decreasing by 5 per minute. The airdrop kicks off today at 18:00 GMT.

May 8 — Yunfeng Financial’s “Yunfeng Youyu” physical gold token product does not support secondary market trading. Professional investors who purchase the tokens cannot freely buy, sell, or transfer them on the platform or any other public market; they may only hold the tokens or redeem them with the issuer under agreed terms. The measure is designed to ensure compliance and manage liquidity risks. In a report released yesterday, Yunfeng Financial (HKEX: 00376) announced the official launch of its “Physical Gold Token” product on the Yunfeng Youyu platform, available exclusively to users who have completed Professional Investor (PI) certification. The offering leverages AlphaToken’s blockchain and RWA tokenization infrastructure to provide professional investors with compliant gold digital asset allocation services. Each token is backed by 1 gram of London Bullion Market Association (LBMA)-certified physical gold with 99.99% purity. The underlying assets are stored in an internationa

**May 8 — The U.S. Department of Justice (DOJ) reports eight people have been sentenced over the past five months for acting as local "agents" for North Korean IT workers.** In May alone, Tennessee’s Matthew Isaac Knoot and New York’s Erick Ntekereze Prince each received 18-month prison terms. Together, they generated $1.2 million for North Korea and impacted nearly 70 U.S. companies. Known as "laptop farmers," these individuals received work laptops shipped by U.S. firms on behalf of North Korean workers. They installed remote desktop software, allowing North Korean IT staff to pose as local U.S. remote employees. The scheme funneled revenue to the North Korean government, targeting technical roles at crypto companies to steal assets or infiltrate infrastructure. Last month, New Jersey’s Kejia Wang and Zhenxing Wang were sentenced to 9 years and 7 years 8 months, respectively, for operating a larger-scale laptop farm that earned North Korea over $5 million. The report cites a

**May 8th — AI Drives Historic U.S. Economic Growth** Investment in software and IT equipment fueled a record contribution to U.S. GDP in Q1 2026, with AI at its core. That spending added 134 basis points to quarterly growth (up 2.0% quarter-over-quarter) — the largest such quarterly impact on record. In short: 67% of Q1 2026 economic growth came from AI-driven tech investment. Without it, GDP growth would have been nearly flat. The contribution also beats the 1999 record by roughly 10 basis points. Over the past five quarters, this category has averaged a 90-basis-point lift per quarter — the highest for any consecutive five-quarter stretch in history. The U.S. economy now leans heavily on AI.