Iranian Envoy: Agreement Possible If U.S. Acts Rationally

On May 10, per Iran’s Tasnim News Agency: An Iranian military spokesperson stated that countries affected by U.S. sanctions on Iran will face “difficulties passing through the Strait of Hormuz.”

May 10th Market rebound drives continued on-chain activity growth. In the Solana ecosystem, OG meme coins TROLL and GIGA notched sharp gains, while Ethereum’s spotlight remains on tokens leveraging the Hook mechanism. Per GMGN data: - TROLL jumped 81.2% in the past 24 hours, with a market cap of $83.9M; - GIGA saw a 49.8% 24-hour surge, with a market cap of $37.13M; Meanwhile, Ethereum’s mainnet buzzes around Hook mechanism tokens. Among these, newly launched LOOP quickly hit a $3M market cap before retreating to $2.55M. Notably, its key innovation lets users lend out idle ETH from Uniswap V4 liquidity pools—ETH previously only used as trading capital. Leading token SATO neared its all-time high this morning, now with a $28.59M market cap and a 21.14% 24-hour gain.

May 10th Brief: Notable peace prospects have emerged in both the U.S.-Iran and Russia-Ukraine conflicts this week, sharply reducing geopolitical risks. Next week, watch closely for further de-escalation in both disputes. ### Key Macro Events (Next Week) - **Monday**: Senate confirmation hearing for Fed Chair-designate Kevin Wash (expected to take over from Jerome Powell on May 15) - **Tuesday**: - 1:15 PM ET: New York Fed President John Williams (FOMC permanent voter) participates in a monetary policy panel discussion - 8:15 PM ET: U.S. ADP Employment Change (week ending April 25) - 8:30 PM ET: U.S. April CPI data - **Wednesday**: - 4:30 AM ET: U.S. API Crude Oil Stock Change (week ending May 8) - 8:30 PM ET: U.S. April PPI (year-over-year, month-over-month) - **Friday**: - 5:30 AM ET: Fed Governor Raphael Bostic delivers a speech - 9:15 PM ET: U.S. April Industrial Production (month-over-month) ### U.S. Stock Market Update As of this Frida

On May 10, Wasabi Protocol released a security incident update, noting attackers exploited an unprotected Spring Boot Actuator heap dump on a public-facing analytics server in its AWS infrastructure to steal the private key controlling an EVM smart contract. The attackers made off with roughly $4.8 million in user funds and $900,000 from the protocol’s treasury tied to the compromised contract. The attack chain began with the unprotected heap dump (no secure password required) on the analytics server, which let the attacker obtain credentials for another server—ultimately gaining access to the smart contract’s private key. The incident only impacts EVM deployments, including portions of the treasury on Ethereum, Base, Blast, and Berachain. Solana deployments and the Prop AMM remain unaffected. Wasabi Protocol stated it has not yet finalized a user compensation plan, but ensuring “all affected users are made whole” remains a top priority. Future updates on reimbursement progress w

On May 10, Polymarket announced the latest progress on its feature updates, including the launch of a latency spam mitigation measure to ensure smooth order placement and cancellation operations, a fix for the "Insufficient Balance/Allowance" error, and a core issue affecting limit order placement that’s expected to be resolved in the next few days. Additionally, Polymarket stated it has identified and banned multiple clusters of "ghost-fill" accounts—all created before the deposit wallet system launched. Any accounts exhibiting ghost-fill behavior will be identified and banned, and the deposit wallet system will also block abusive accounts from bulk-creating new accounts. Further updates to address lingering issues are set to roll out over the next week.

**May 10 – Alibaba is gearing up to announce plans to integrate its Qwen artificial intelligence platform with Taobao, its core e-commerce platform, according to sources.** **The move aims to shift shopping from keyword search to conversation-driven interactions.** **Per reports, the integration will let consumers browse, compare and purchase products by chatting with Qwen’s AI assistant in the app—no manual scrolling through product listings required. Qwen is set to access the full catalog of over 4 billion items across Taobao and Tmall, with a “skill library” to handle logistics and after-sales services. It will also deliver personalized shopping recommendations based on users’ order history and preferences.** **Additionally, Alibaba will launch a Qwen-powered AI shopping assistant directly on Taobao, offering tools including virtual try-on and 30-day price tracking.** **(BlockBeats)**