Federal Reserve Harker: Interest Rates to Remain Unchanged for an Extended Period

On May 7, crypto journalist Eleanor Terrett reported that a new U.S. poll shows support for cryptocurrency market structure legislation spans party lines: 52% of voters back the bill, while just 11% oppose it. The Cryptocurrency Market Structure Bill—also known as the CLARITY Act—has majority support from Democrats, Republicans, and Independents, reflecting widespread voter demand for clearer rules and stronger consumer protections for digital assets. The legislation is slated for a key vote in the Senate Banking Committee next week.

May 7 — The core team behind Ethereum-based meme coin Sato today released an updated mechanism whitepaper, detailing the operational logic of its bonding curve. The document explicitly states Sato’s bonding curve is not a fully symmetric exchange system. Minting and burning follow distinct pricing logics; due to a correction factor, the burn price is structurally lower than the mint price, creating a spread even for immediate consecutive transactions. The Sato team frames the curve as an “Issuance System + Buyer of Last Resort” — not a fully redeemable backstop mechanism. Its core functions split into two phases: first focusing on token issuance, then shifting to an on-chain buyback mechanism when secondary market liquidity is low. Previously, community developers flagged a mismatch between ethCum and totalMintedFair in Sato’s Hook, leading to users facing “buy high, sell low” scenarios. While some ETH remains in the reserve pool, it cannot be fully redeemed via the sell pathw

On May 7, four people familiar with the matter told reporters that a confidential CIA analysis this week assesses Iran could sustain operations under a U.S. naval blockade for three to four months before confronting more severe economic strains. Even after weeks of heavy U.S. bombardment, Iran still retains significant ballistic missile capabilities. A U.S. official noted Iran currently holds roughly 75% of its pre-war mobile launcher inventory and about 70% of its missile stockpile. Evidence shows the Iranian regime has restored and reactivated nearly all underground storage facilities, repaired some damaged missiles, and even assembled new missiles that were near completion when the war began. Another U.S. official argued Iran’s ability to weather prolonged economic hardship could be stronger than the CIA’s assessment. “Iran’s leadership has grown more radical and steadfast, and is increasingly confident in its ability to outlast U.S. political will—all while suppressing internal re

May 7 — U.S. and Iranian negotiators are currently targeting a Memorandum of Understanding (MoU) rather than a comprehensive peace deal, suggesting lingering differences between the two sides and that any agreement at this stage would be a transitional step. The U.S. government appears to be shifting its negotiation strategy: simplifying the agenda to start with less contentious issues, deferring the most divisive topics to later stages. Per monitoring from PolyBeats (https://t.me/PolyBeats_Bot), prediction market Polymarket puts the probability of a U.S.-Iran permanent peace agreement at: - 34% by May 15 - 47% by May 31 - 59% by June 30

On May 7th, Cathie Wood (founder of Ark Invest, nicknamed “WoodSis”) spoke with Binance CEO Changpeng Zhao (CZ) on a podcast, clarifying her past comments about last year’s October 11 crypto flash crash. Wood emphasized Binance did not trigger the flash crash. Instead, the sharp price drop caused a system malfunction, and tariff fears compounded the market’s fragility. CZ thanked her for the clarification, noting the earlier statement was widely cited by media—with many alleging Binance caused the crash. “I’m glad you’ve clarified this now,” he said.

On May 7, Iran implemented new regulations for transit through the Strait of Hormuz, requiring vessels to submit an application to ensure safe passage. Iranian senior officials also stated the U.S. cannot reopen the strait via its "impractical plan." Per monitoring by PolyBeats (via their Telegram bot @PolyBeats_Bot), the prediction market Polymarket puts the probability of vessels sailing through the Strait of Hormuz by month’s end at 39%.