On Ethereum, the meme coin Sato has plummeted over 60% from its peak, and its market capitalization now stands at $14.8 million.

On May 7th, Binance Alpha announced it will launch the ShareX (SHARE) airdrop on May 8th. Once trading goes live, eligible users can claim the airdrop via Alpha Points on the Alpha event page. Further details will be released shortly.

Per monitoring from Dynamic Beating, Anthropic—dubbed the "AI Player Two"—has seen its implied valuation on Jupiter Chain’s pre-IPO market surge past $1.2 trillion to $1.26 trillion, officially overtaking OpenAI. The valuation has jumped another 20% over the past week, marking a 900% surge since October 2025. Should Anthropic complete its initial public offering (IPO) at this valuation, it would immediately become the 11th-largest publicly traded company globally, joining the ranks of Apple, Microsoft, NVIDIA, Amazon, Alphabet, Meta, TSMC, Broadcom, Tesla, and Saudi Aramco—an unprecedented milestone in corporate history. Data from prediction market Polymarket, tracked by PolyBeats, further confirms Anthropic’s lead: the probability its valuation will exceed OpenAI’s in 2026 has risen to 86%.

On May 7, the World Gold Council reported that global gold exchange-traded funds (ETFs) saw a net inflow of $6.6 billion in April, pushing total assets under management (AUM) up 1% to $615 billion. While global gold trading volume in April was lower than the previous month, it still remained above the 2025 average. All regions posted net inflows, with Europe leading the pack at +$3.7 billion; Asia (+$1.8 billion) and North America (+$1 billion) also recorded notable fund inflows. Per Bitget market data, spot gold is currently trading at $4,748 per ounce, up 1.22% over the past 24 hours.

On May 7th, Israeli media reported that a source said Saudi Arabia will restrict U.S. access to its bases and airspace until the United States provides adequate protection against Iranian attacks.

On May 7, Kalshi—the PredictIt-style prediction market platform—announced it has closed a new $1 billion funding round led by Coatue Management, pushing its post-money valuation to $22 billion. This marks the company’s third funding round in the past seven months, with its valuation roughly doubling after each round. Currently, Kalshi boasts roughly 2 million monthly active users, $178 billion in annualized trading volume, and annualized revenue exceeding $1.5 billion. Now, Kalshi is targeting large financial institutions as a key growth engine moving forward. Despite facing multiple lawsuits from U.S. state regulatory agencies, the prediction market has rapidly gone mainstream since the 2024 election.

**May 7 — Garrett Jin, an agent with BTC OG Whale Insider, published an article titled “Disguised Truce” warning that while markets look calm on the surface, underlying risks are piling up—traders shouldn’t let their guard down. Weeks after former President Trump’s April 14-15 state visit to China, a U.S.-Iran military conflict could reignite at any time. A truce isn’t a sign of good news ahead—it’s just a pause before real conflict escalates.** **On the surface, markets are upbeat now: Saudi Arabia and Iran inked a 14-point memorandum; Apple’s Q3 guidance blew past expectations; AMD’s data center revenue hit a new peak; South Korean stocks are at record highs; and Bitcoin is hovering near $82k-$83k. But risks still linger.** **Yet cracks are emerging in the market’s credit foundation: Analytics firm Qualtrics couldn’t find buyers for a planned large transaction; U.S. budget carrier Spirit Airlines recently filed for bankruptcy, a red flag for low-cost airlines; banks are bracing