ZachXBT Offers $10,000 Reward for Holding LAB Founder Accountable
May 7 – On-chain sleuth ZachXBT has offered a $10,000 reward for information on LAB project founder @vsadkovv and insider evidence of his market-making activities for the LAB token across multiple exchanges (including contracts, chat logs, etc.).
ZachXBT branded him a scammer harming the industry’s reputation, announced he was going into “war mode,” and urged the community to share clues to hold him accountable.
Earlier today, ZachXBT accused the LAB founder of market manipulation that harmed retail investors’ interests. [Link: https://www.theblockbeats.info/flash/344786]
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AI New King "Not as Good as a Native Dog": Million Trades Volume Transforms Anthropic Trillion-Dollar Market Mirage
May 7 — AI giants OpenAI and Anthropic are set to go public, with current public market valuations at ~$850 billion and $380 billion, respectively. On-chain pre-IPO markets, however, boast far more inflated implied valuations: Anthropic’s Jupiter platform valuation has surged past $1.2 trillion, while Hyperliquid pegs it at $1.143 trillion; OpenAI’s Jupiter implied valuation hits $1.05 trillion.
These optimistic on-chain figures are built on thin air. **Anthropic’s daily trading volume on Jupiter is just $1.39 million, with only 329 traders in the past 24 hours and 3,530 total holding addresses—fewer than a moderately popular meme token.** Those 329 traders pushed Anthropic’s valuation above $1.2 trillion, overtaking OpenAI as the top AI firm. At that size, Anthropic would rank as the world’s 11th-largest public company if it IPOs—an unprecedented business milestone. Hyperliquid’s Anthropic daily volume also sits in the millions, with open interest at just $6.7 million.
If on-cha
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mETH Protocol will gradually cease the operation of cmETH, and the reward claim window will close on November 7th.
On May 7, mETH Protocol announced it will gradually wind down its liquidity restaking token cmETH, while all other products will continue operating normally.
Minting of cmETH was disabled on May 7, 2026. Final EigenLayer rewards distribution will wrap up by mid-June 2026, and the reward claiming window closes on November 7, 2026.
In a statement, mETH Protocol noted that after a comprehensive assessment of the ecosystem’s current trajectory, discontinuing cmETH is the most prudent step to refocus resources on areas that deliver more enduring value for users. Existing holdings are unaffected, and unstaking and bridging functions remain operational.
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NASDAQ Surges Above 26,000 Points to Hit All-Time Intraday High
On May 7, per Bitget market data, the Nasdaq Composite hit 26,000 points and was last trading at 26,017 — up 0.68% intraday.
Nvidia shares rose 2.97%, Microsoft shares gained 2.37%, and Tesla shares climbed 3.66%.
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Ethereum Falls Below $2,300, 24-hour Loss of 2.9%
On May 7th, Ethereum fell below $2,300, according to HTX market data, with a 24-hour drop of 2.9%.
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Aave to Overhaul Collateral and Asset Listing Standards
On May 7, 2026, Linda Jeng—Aave Labs’ Chief Legal & Policy Officer—announced at Consensus Miami 2026 that Aave will fully overhaul its asset listing and collateral evaluation rules.
Previously, the protocol’s risk framework centered mainly on price volatility and financial risks; it will now be expanded to cover network security vulnerabilities, interoperability, and assessments of underlying technology architecture.
Aave also plans to release an official minimum standards guide for project teams to reference, and will shift from analyzing individual money markets in isolation to evaluating cross-protocol systemic risk.
This change will enhance overall security and is expected to set a reference standard for the decentralized finance (DeFi) industry.
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