The frenzy of on-chain speculation continues to heat up, with old meme coins and new algorithmic stablecoins dancing together.

May 10 — South Korea’s Ministry of Land, Infrastructure and Transport reports 324 homebuyers used cryptocurrency sale proceeds to fund home purchases between February 10 and March 31. Of these buyers, 229 (roughly 70.7%) were aged 30–39—this group accounted for the largest share of declared crypto funds, totaling about 10.31 billion South Korean won (around $7.4 million). Notably, South Korea began separately listing virtual asset sale income in housing finance plans this year, a sign crypto gains are flowing into the real estate market. However, such funds make up only ~0.1% of total home purchase capital, so their overall impact remains limited.

On May 10, per Iran’s Tasnim News Agency: An Iranian military spokesperson stated that countries affected by U.S. sanctions on Iran will face “difficulties passing through the Strait of Hormuz.”

May 10th Brief: Notable peace prospects have emerged in both the U.S.-Iran and Russia-Ukraine conflicts this week, sharply reducing geopolitical risks. Next week, watch closely for further de-escalation in both disputes. ### Key Macro Events (Next Week) - **Monday**: Senate confirmation hearing for Fed Chair-designate Kevin Wash (expected to take over from Jerome Powell on May 15) - **Tuesday**: - 1:15 PM ET: New York Fed President John Williams (FOMC permanent voter) participates in a monetary policy panel discussion - 8:15 PM ET: U.S. ADP Employment Change (week ending April 25) - 8:30 PM ET: U.S. April CPI data - **Wednesday**: - 4:30 AM ET: U.S. API Crude Oil Stock Change (week ending May 8) - 8:30 PM ET: U.S. April PPI (year-over-year, month-over-month) - **Friday**: - 5:30 AM ET: Fed Governor Raphael Bostic delivers a speech - 9:15 PM ET: U.S. April Industrial Production (month-over-month) ### U.S. Stock Market Update As of this Frida

May 10 (IRNA) — Iranian Ambassador to Armenia Khalil Shirgholami said Saturday that agreement with countries illegally aggressing Iran is possible if those nations shift to rational, logical policies and actions. Speaking in an interview with an Armenian TV station, Shirgholami noted U.S. and Israeli regime aggression against Iran makes clear Tehran will not be coerced into surrendering or accepting any party’s extreme demands through military force, pressure or threats. He added Iran is open to negotiating an agreement but requires clear U.S. assurances: acting rationally/logically and committing to no further military aggression against Iran. Shirgholami also stressed Iran rejects selective interpretation of international law and will never allow the Iranian people to be denied their right to peaceful nuclear energy.

On May 10, Wasabi Protocol released a security incident update, noting attackers exploited an unprotected Spring Boot Actuator heap dump on a public-facing analytics server in its AWS infrastructure to steal the private key controlling an EVM smart contract. The attackers made off with roughly $4.8 million in user funds and $900,000 from the protocol’s treasury tied to the compromised contract. The attack chain began with the unprotected heap dump (no secure password required) on the analytics server, which let the attacker obtain credentials for another server—ultimately gaining access to the smart contract’s private key. The incident only impacts EVM deployments, including portions of the treasury on Ethereum, Base, Blast, and Berachain. Solana deployments and the Prop AMM remain unaffected. Wasabi Protocol stated it has not yet finalized a user compensation plan, but ensuring “all affected users are made whole” remains a top priority. Future updates on reimbursement progress w

On May 10, Polymarket announced the latest progress on its feature updates, including the launch of a latency spam mitigation measure to ensure smooth order placement and cancellation operations, a fix for the "Insufficient Balance/Allowance" error, and a core issue affecting limit order placement that’s expected to be resolved in the next few days. Additionally, Polymarket stated it has identified and banned multiple clusters of "ghost-fill" accounts—all created before the deposit wallet system launched. Any accounts exhibiting ghost-fill behavior will be identified and banned, and the deposit wallet system will also block abusive accounts from bulk-creating new accounts. Further updates to address lingering issues are set to roll out over the next week.