Senior Official Warns: "Don't Shut the Door to the Strait of Hormuz with Your Own Hands"
Xinhua News Agency reported on May 9 that Ibrahim Azizi, chairman of Iran’s Islamic Consultative Assembly’s National Security and Foreign Policy Committee, warned in a social media post the same day that governments should not back the U.S.-driven Iran agreement — or face “serious consequences.”
“The Strait of Hormuz is a vital lifeline,” Azizi wrote. “Don’t close the door on this vital lifeline with your own hands.”
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A certain Ethereum OG, after 3 years of silence, has transferred 52,000 ETH to a new address
On May 9, on-chain analytics firm LookIntoBitcoin reported that an Ethereum OG address—dormant for 3 years—moved all 52,170 ETH (worth approximately $120.61 million) to a new wallet 4 hours prior.
The address had previously withdrawn 42,572 ETH from exchange Kraken 6 years ago, when ETH traded at just $246. That withdrawal totaled roughly $10.48 million at the time.
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Ceasefire Between US and Iran "In Name Only": Both Sides Continue to Attack Each Other, Strait of Hormuz Standoff Unresolved, UK Sends Warship to the Middle East
May 9
The U.S. and Iran remain deadlocked over ceasefire terms and negotiations, The New York Times reported Thursday.
While both sides say the month-long ceasefire agreement is still holding, multiple rounds of attacks between them have occurred in the past week—with no breakthrough in talks.
The U.S. recently targeted two Iranian oil tankers bound for an Iranian port, the report noted. In response, Iran has continued blocking the Strait of Hormuz.
The U.S. has put forward proposals including lifting port blockades, resuming navigation in the Strait of Hormuz, and extending the ceasefire by 30 days—but the core negotiation disagreement still centers on Iran’s nuclear restrictions.
Separately, the U.K. announced it’s deploying a destroyer to the Middle East as a pre-deployment for future escort missions in the Strait of Hormuz. France, meanwhile, has already sent an aircraft carrier battle group to the Red Sea. Both nations are pushing to establish a “multinational joint
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Garrett Jin deposited 108,000 ETH into Binance, worth approximately $250 million
On May 9, OnchainLens data indicates that "BTC OG Whale Insider" figure Garrett Jin has deposited 108,169 ETH to Binance, with the transaction valued at roughly $250 million.
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APY: USDC Yield on Sonic Reaches 5.11%, DeFi Far from Peaking
On May 9, Andre Cronje said in a post that the annualized yield for USDC on the Sonic Network hit 5.11%, while yields for USDT and ftUSD on Ethereum reached 5.27%.
He emphasized the yield doesn’t depend on token incentives, subsidies, point systems, cyclical leverage, staking unlock periods, or exit queues—and it offers instant redemptions and liquidity.
Cronje noted DeFi hasn’t hit its peak yet: “There’s still plenty of room for exploration and building in the on-chain space.”
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Mining Firm TeraWulf's First-Quarter Loss Widens to $427 million, AI Business Revenue Doubles, Bitcoin Mining Revenue Halved
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
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