The ability to preserve capital and core holdings is the true weapon for navigating bull and bear markets.

The onshore renminbi closed at 6.8015 against the US dollar at 16:30 on May 7, marking an increase of 134 points from the previous trading day. According to NS3.AI, this upward movement reflects a strengthening of the Chinese currency in the foreign exchange market.

Samourai Wallet co-founder Keonne Rodriguez is seeking donations after saying he has over $2 million in legal debt and a $250,000 fine following his conviction. He is serving a five-year prison sentence and says he now expects to serve it fully, despite ongoing debate over developer responsibility in crypto privacy tools.

SoftBank must continue to raise funds and invest in OpenAI's $64.6 billion check, which could eventually balloon to nearly $100 billion.

Animoca Brands chairman Yat Siu has projected a future where 50 to 100 billion AI agents could utilize blockchain networks to enter virtual worlds, potentially replacing human interaction in these environments. According to NS3.AI, this vision aligns with Animoca's recent announcement of a $10 million initiative aimed at supporting developers who are creating applications for AI agents through Animoca Minds. This move underscores the company's commitment to advancing AI technology within the blockchain space.

StepStone Group, a private market investment firm listed on Nasdaq under the ticker STEP, has announced its participation in the London Stock Exchange Group's (LSEG) Digital Market Infrastructure (DMI) platform. According to Foresight News, the DMI platform is fully integrated into LSEG Workspace and aims to streamline access for professional investors to private funds. It utilizes distributed ledger technology to support the distribution of private funds, helping to reduce structural barriers for investors entering the private market. StepStone Group offers evergreen investment strategies that encompass private equity, private debt, and infrastructure.

Bitcoin mining company Core Scientific reported a total revenue of $115 million for the first quarter of 2026, an increase from $79.5 million in the same period last year. According to Odaily, the company achieved a gross profit of $30.1 million, with hosting business revenue rising from $8.6 million to $77.5 million, while self-mining revenue decreased to $30.1 million. Despite the revenue growth, Core Scientific recorded a net loss of $347 million this quarter, compared to a net profit of $576 million in the previous year. The loss was primarily due to a $266 million non-cash impairment loss and a $30.8 million non-cash loss related to changes in the fair value of warrants and contingent value rights. Additionally, Core Scientific announced the acquisition of Bitcoin mining company Polaris DS LLC for $421 million, expanding its total power capacity to 4.5 GW. Following the financial report, the company's stock price fell by 7% in after-hours trading and dropped 6.25% in pre-market trading on Thursday.

Morgan Stanley and Charles Schwab are enhancing direct cryptocurrency access within brokerage accounts. According to NS3.AI, U.S.-traded spot Bitcoin ETFs have attracted approximately $59.7 billion in cumulative net inflows. Schwab clients currently possess around 20% of U.S. spot crypto exchange-traded products. Meanwhile, Morgan Stanley's E*Trade crypto initiative is aiming for a first-half 2026 launch through Zerohash.

Shell has announced its highest quarterly profit in two years, driven by its trading and refining operations, as Middle East conflicts disrupt global gasoline, diesel, and aviation fuel markets. According to Jin10, Shell's adjusted profit for the first quarter reached $6.92 billion, marking a nearly 25% increase year-on-year and surpassing analysts' expectations of $6.36 billion. Shell currently holds stakes in seven refineries, with four located in Europe, two in Canada, and one in the United States, contributing to a profit surge of over $2 billion in this quarter. Despite benefiting from geopolitical turmoil, Shell faced a loss of nearly $2.4 billion in hedging contracts due to volatile oil and gas prices. Additionally, Shell reported a decline in natural gas production in the first quarter, with an expected drop of at least 30% in the second quarter, reflecting the impact of conflicts on energy facilities in the Gulf region. The Middle East accounts for about 20% of Shell's total oil and gas production, with half of this output located in Oman, outside the Strait of Hormuz.

Core Scientific, a Bitcoin mining company, reported total revenue of $115 million in the first quarter of 2026, up from $79.5 million in the same period last year. Gross profit was $30.1 million, with hosting revenue increasing to $77.5 million from $8.6 million in the same period last year, while revenue from self-operated mining decreased to $30.1 million. Despite the revenue growth, the company still recorded a net loss of $347 million this quarter, compared to a net profit of $576 million in the same period last year. The loss was primarily due to a $266 million non-cash impairment loss and a $30.8 million non-cash loss related to changes in the fair value of warrants and contingent rights. In addition, Core Scientific announced the acquisition of Bitcoin mining company Polaris DS LLC for $421 million, expanding its total power capacity planning to 4.5 GW. Following the earnings report, the company's stock price fell 7% in after-hours trading and 6.25% in pre-market trading on Thursday.

South Korea's National Assembly has approved an amendment to the foreign exchange law, extending its regulatory framework to include cryptocurrency exchanges. According to NS3.AI, the amendment passed with 212 votes in favor, no votes against, and one abstention from the 213 members present. The new regulation is set to be implemented six months after its promulgation, potentially by the end of this year.

国投白银LOF announced that it will temporarily suspend trading starting from the market opening on May 8, 2026. According to Jin10, trading will resume at 10:30 on the same day. During the suspension period, the fund's redemption services will continue as usual.

FLock.io has facilitated a new research collaboration between Malaysia's Sarawak Artificial Intelligence Center (SAIC) and Cambridge University. According to Foresight News, the partnership will extend beyond technical infrastructure to include economic research, policy design, and talent development. FLock.io has connected SAIC with Cambridge professors and researchers, aiming to transform AI-related economic, policy, and governance research into actionable technical pathways. The collaboration will explore AI's impact on macroeconomic resilience, productivity, labor markets, public policy evaluation, green economic transition, and talent cultivation. Future plans include educational cooperation, scholarship programs, and institutional exchanges. In this collaboration, FLock.io expands its role from a provider of privacy AI technology to an executor of sovereign AI international cooperation, linking government needs with academic research and deployment scenarios. The company will offer research resources, technical capabilities, and implementation support to advance the research into practical applications. Previously, FLock.io participated in green sovereign AI infrastructure collaboration in Manchester. The current partnership with Cambridge covers AI economics, policy, and talent development topics. Later this week, FLock.io will also engage in discussions at Oxford University on sovereign AI governance, security, verification, and trusted deployment.

Ethena, a stablecoin, is it really making money? Golden Finance: The industry reality of growth and profitability going in opposite directions.

On the same day, the difference between the two blockchain architectures in the United States was no longer "public vs. private blockchain" or "crypto vs. banking", but rather "controllable vs. uncontrollable".

Stripe, a public blockchain: Why did Stripe build its own public blockchain? Golden Finance: Controlling the entire seven-layer value chain of transactions.

Bank of America warned that huge IPOs from SpaceX and Anthropic could pressure major tech stocks as investors shift money into the new listings. Anthropic also signed a compute deal with SpaceX to expand Claude’s AI capacity using more than 220,000 Nvidia GPUs.

US spot Bitcoin exchange-traded funds continued their aggressive inflow streak this week, attracting nearly $1 billion in fresh capital over two trading sessions as Bitcoin climbed back above the $80,000 level.

Elon Musk, Sam Altman, OpenAI, XAI: Live Coverage of the Century-Old Trial in Silicon Valley: Musk vs. Altman - Who is the "Most Hated Person"? Golden Finance: A Trial About Betrayal, Greed, and Ideals.

Elon Musk, XAI, OpenAI, Anthropic, SpaceX, xAI, valued at $230 billion, "died" on May 6th. Golden Finance reports that Musk also wants to be an "AI water seller."