Analysis: Oil Market Sees $920 Million Mysterious Sell Order 70 Minutes Before Report of US-Iran Near Accord

On May 7, U.S. Senator Kirsten Gillibrand told the Consensus conference that cryptocurrency market structure legislation will fail to secure the votes needed to pass if it lacks ethical clauses. She emphasized the need to bar members of Congress, senior government officials, the President and Vice President from profiting off their insider access to the crypto sector. Several Democratic senators have raised concerns over former President Donald Trump’s ties to crypto, with Bloomberg estimating he has made at least $1.4 billion in profits from crypto-related venture capital. The bill had previously stalled in the Senate over stablecoin reward processing disputes but now has a compromise framework. Ethical clauses, however, have emerged as a new roadblock. Gillibrand said she’s working with the White House and lawmakers from both parties to ensure those provisions are included. She’s also pushing to add consumer protection and anti-money laundering measures. The legislatio

On May 7, U.S. President Donald Trump said: “Regarding Iran, they want to strike a deal. Iran wants to negotiate, and we’ll see if we can reach an agreement that’s good for us.”

On May 7, Circle announced that its USDC tokenized money market fund’s assets under management (AUM) have surpassed $3 billion, making it the world’s largest tokenized money market fund. This milestone underscores the ongoing growth of tokenized money market funds and highlights the expanding role of on-chain collateral in the digital asset market. USDC, Circle’s blockchain-based tokenization of traditional money market funds, enables institutional investors to hold, trade, and manage yield-generating assets on-chain. The fund primarily invests in short-term U.S. Treasury bonds and Treasury-backed repurchase (repo) agreements.

On May 7, Telegram founder Pavel Durov shared in his personal channel that TON has the fastest block finality time among Layer 1 blockchains. Data shows TON’s finality clocks in at roughly 0.6 seconds—faster than Avalanche (about 1 second) and BNB Chain (around 1.1 seconds). For comparison, Ethereum’s finality takes 13 minutes, while Bitcoin’s is approximately 1 hour.

On May 6, Polymarket data shows the probability that Strategy will sell any amount of Bitcoin by year-end has jumped sharply to 49%—up from just 12% on May 5. Additionally, the odds of any Bitcoin sales by May 31, 2026, stand at 17%, while the figure rises to 26% for June 30, 2026. This shift follows Strategy founder Michael Saylor departing from his longstanding "never sell" stance for the first time. During the company’s Q1 2026 earnings call, he noted the possibility of offloading a portion of its Bitcoin holdings to fund dividends, saying: “We might sell some Bitcoin to pay dividends, with the aim of market desensitization and signaling that we have indeed done so.”