In April, global Gold ETF flows turned into net inflows, attracting $6.6 billion

**Zcash Foundation Takes Over Key Community Assets (May 7)** The Zcash (ZEC) Foundation announced on May 7 it is taking over three major Zcash community assets: - The Zcash GitHub organization (including core repositories like librustzcash, zips, lightwalletd, and zcashd) - The z.cash website and domain - The X account @Zcash These assets were previously managed by ZODL. Post-transition, they will remain open-source, with existing licenses unchanged, contributor permissions preserved, and community collaboration still welcome. Day-to-day operations of the z.cash website and @Zcash account will be handled by community contributor ZecHub. The two parties have signed a multi-year partnership, and the z.cash domain now redirects to zechub.wiki.

May 7 – Lido Finance has issued an update on the KelpDAO attack. On April 29, Lido DAO voted to donate 2,500 stETH in a one-time contribution to the DeFi United relief fund for the rsETH incident; the stETH was officially transferred last week. On May 6, Aave settled the attacker’s rsETH position on Ethereum and Arbitrum per the established recovery plan. Post-settlement collateral has been handed over to the Recovery Guardian for safekeeping, with no impact on other users. Also on May 7, Lido’s Snapshot vote reached the required majority, formally approving full coverage under the EarnETH first-loss protection mechanism for loss rates below 1%. All losses incurred by EarnETH users will be fully covered by the Lido Earn mechanism. EarnETH treasury operations are expected to resume immediately after the Kelp protocol unpauses, with a brief waiting period for user funds to unfreeze. During this period, both the EarnETH and EarnUSD treasuries will continue generating yield.

On May 7, Bitwise announced the launch of its first tokenized cryptocurrency yield fund—the Bitwise Crypto Carry Fund (USCC)—marking the firm’s first tokenized fund. Bitwise noted that all of its future funds will be tokenized. This particular fund delivers market-neutral returns via crypto basis trades, with underlying technology powered by Superstate. It is currently only available to accredited investors.

On May 7th, data from LookOnChain shows: - Over the past hour, addresses tied to Metalpha deposited 27,000 ETH into Binance, valued at roughly $62.78 million. - An hour earlier, a whale address starting with 0x8Ad4 transferred 14,062 ETH to Binance, worth approximately $32.82 million.

May 7 (Al Jazeera) — Lebanese officials report the U.S. is working to de-escalate Israeli attacks on Lebanon as it prepares to uphold a ceasefire and enter the second round of negotiations. Ministerial-level talks between Israeli and Lebanese delegations are set to begin in Washington next week.

On May 7, data from Bitget shows U.S. stocks opened slightly higher: the Dow Jones Industrial Average rose 0.35%, the S&P 500 gained 0.14%, and the Nasdaq Composite added 0.16%. Crypto-related U.S. stocks were broadly lower, including: - MicroStrategy (MSTR): down 1.92% - Coinbase (COIN): dropped 1.05% - Circle (CRCL): fell 3% - MARA Holdings (MARA): declined 1.2% - BitMine Immersion (BMNR): slid 2.1% - SharpLink Gaming (SBET): lost 2.46%