Hut 8, a mining company, saw its revenue plummet by nearly 58% in the first quarter, with a loss of $134 million.

On May 9th, based on the data of 8 markets, the market capitalization of Bitcoin exceeded that of Amazon (AMZN.O), reaching $2.044 trillion and rising to the fifth position in the global mainstream asset ranking.

On May 9th, as monitored by Onchain Lens, a whale deposited $15 million USDC into HyperLiquid and established a short position with a leverage of 3x on BTC, ETH, and SOL. On-chain data indicates that this whale had previously achieved a cumulative profit of $5.54 million.

On May 9th, Bitget announced a strategic partnership with SWEAT. The goal of this partnership is to lower the barrier for Web2 users to enter Web3 together and bridge the gap between virtual and reality. This partnership was officially unveiled at the 2025 Dubai Esports Festival (DEF), and on-site activities showcased an innovative model of "Earn Crypto While Exercising" through fun interactive experiences. From Dubai Airport to Sheikh Zayed Road, city landmark advertisements convey the partnership's vision with the slogan "Walk into Crypto—Step. Sweat. Score."

On May 9th, according to official channels, Gate.io is set to launch DOOD spot trading and perpetual contract trading (settled in USDT) starting from 21:05 on May 9th (UTC+8), with support for 1-50x leverage.

On May 9th, the Bitcoin Layer2 solution Merlin Chain announced the release of AIOS Merlin Wizard 0.3. This version integrates three major AI interaction modules, Swap, Stake, and Bridge for the first time. It is reported that the Merlin Wizard v0.3 workflow adopts the MCP protocol. It can analyze user context in real time, identify user intentions, and automatically generate interaction logic. This allows users to complete complex on-chain operations with simple commands. This approach says goodbye to the cumbersome interface of traditional DEX and the high learning curve of cross-chain transactions, further reducing the entry barrier for the Bitcoin ecosystem. Previously reported, Merlin Chain partnered with WBTC DAO and will continue to promote smart interactions between Bitcoin and other chain ecosystems. The Wizard will also explore more possibilities of MCP and LLM in Web3 applications. By leveraging its AI interaction capabilities, it focuses on solving the interoperability chal