English Media: UK to Deploy Warship for Strait of Hormuz Escort Mission

**May 9th — At Consensus 2026, Trust Wallet CEO Felix Fan and Mesh CTO Arjun Mukherjee noted that AI agents are driving a restructuring of crypto wallet architecture, enabling AI to hold assets, conduct on-chain transactions and establish on-chain identities.** **Trust Wallet has launched its Agent Kit, letting AI agents autonomously execute transactions, transfers and other on-chain operations. The company is also advancing Ethereum Improvement Proposal (EIP) 8004 to provide AI agents with on-chain identity and credit scoring systems. Fan added that on the consumer side, the model still follows the “users hold the keys, incremental authorization” framework — with AI acting mainly as an on-chain operation assistant. For developers, agents get more autonomy to run operations.** **Mesh has rolled out Smart Funding technology, which automatically routes funds across chains, accounts and tokens to cut down Web3 complexity. Its CTO pointed out one core challenge for AI agents: the “co

On May 9, Bitcoin mining firm TeraWulf released its Q1 2026 financial report, showing a quarterly net loss that widened to $427 million—well above the $61.4 million posted in the same period last year. The report revealed total quarterly revenue of $34 million, with AI/high-performance computing (HPC) leasing revenue hitting $21 million (a 117% quarter-over-quarter jump, accounting for ~60% of total revenue). Bitcoin mining revenue, meanwhile, fell 50% year-over-year to roughly $13 million. TeraWulf noted its AI revenue stemmed primarily from leasing 60MW of computing power at its North American HPC campus Lake Mariner, currently occupied by Core42. The company is also partnering with Fluidstack and Google to advance additional AI infrastructure projects. Previously, TeraWulf announced a $9.5 billion, 25-year AI data center leasing agreement with Fluidstack, accelerating its shift from Bitcoin mining to AI infrastructure operations. As of quarter-end, the firm held approximate

**May 9** Conflict in Iran has disrupted oil shipments through the Persian Gulf, driving global oil inventories down at a record pace and eroding the buffer stockpiles meant to cushion supply shocks. The rapid drawdown is raising the risk of more extreme price spikes and supply shortages. With the Strait of Hormuz at risk of closing for two months, governments and industries worldwide are running out of options to handle the impact of losing over 1 billion barrels of supply. Even after the conflict ends, the market will remain vulnerable to future disruptions for longer, the data shows. Morgan Stanley estimates global oil inventories fell by an average of ~4.8 million barrels per day (bpd) between March 1 and April 25—far exceeding previous quarterly drawdown peaks in International Energy Agency (IEA) data. Nearly 60% of the drawdown came from crude oil, with the rest from refined products. Critically, the oil system requires maintaining a minimum inventory level. Natasha Ka

On May 9, rebase protocol Kelp DAO issued an update regarding the rsETH exploit, noting that the Kelp team will coordinate contract operations with Aave over the next 24 hours as part of the next phase of rsETH underlying asset support. During this period, users do not need to take any action. The reopening window and subsequent steps will be announced via official channels.

May 9 — BlackRock, the world’s largest asset manager, plans to launch two tokenized money market funds targeting stablecoin holders, signaling another bet on the long-term growth of the “digital dollar economy.” Per a recent regulatory filing, BlackRock intends to offer on-chain digital shares for its BlackRock Select Treasury-Based Liquidity Fund (BSTBL), which holds roughly $6.1 billion in assets. The fund primarily invests in cash, U.S. Treasury notes, and short-term securities with a remaining maturity of 93 days or less. The newly issued tokenized shares will be deployed on the Ethereum blockchain and operate alongside the fund’s existing traditional shares. Markets view the move as a sign the traditional asset management giant is actively advancing on-chain integration for U.S. Treasuries, money market funds, and other traditional financial assets—further connecting stablecoins to real-world asset (RWA) ecosystems.

**On May 9, trader Eugene Ng Ah Sio shared on his personal social media channel:** - Several charts are edging toward a bottom, while Bitcoin remains hovering around the $80,000 mark. - He expects the market to kick off a significant rally (ideally to the upside) in the next week or so, with many altcoins poised to break out of their current ranges. - Per trading volume and open interest (OI) metrics, most assets now only need a small dose of marginal buying pressure to push prices higher—meaning overall positioning across most assets remains fairly light. - The market’s next key catalyst: Bitcoin clearly breaking above $80k, followed by leading altcoins like ETH, SOL, and HYPE leading a clear new uptrend. “Fingers crossed we don’t get pushed back from these levels,” he noted.