DailyNews

Golden Finance reported that Nasdaq-listed Bitcoin mining company Hut 8 released its performance report for the first quarter of 2025, which pointed out:
1. Revenue of $21.8 million, net loss of $134.3 million, adjusted EBITDA of $117.7 million;
2. Strategic Bitcoin reserves expanded to 10,264 BTC, with a market value of $847.2 million as of March 31, 2025;
3. Bitcoin mining, GPU as a service, and data center cloud operations generated $16.1 million in revenue.

The security risks brought by the Ethereum Pectra upgrade, SlowMist released a security reminder: users need to strengthen Private Key protection, follow cross-chain contract risks; Wallets should detect chain information to avoid Replay Attacks; developers should avoid using tx.origin to ensure contract compatibility with Tokens; CEXs need to track and check deposit transactions to prevent forged deposits.

The Pectra upgrade of Ethereum (EIP-7702) brings new features and new risks. Users need to pay attention to Private Key protection and understand changes in contract code; Wallet providers should check for delegate chain matching, remind users of risks, and display contract information; Developers must perform permission checks, follow namespace formulas, and ensure the implementation of pullback functions; Centralized exchanges need to track deposits and drop the risk of false deposits. All parties should be vigilant about security risks and take corresponding measures.

The NFT project Doodles has seen a big pump in sales, with a 24-hour sales volume reaching 1.1 million USD and a total sales volume of 2.6 million USD over the past week. The market heat is driven by the upcoming launch of the Solana on-chain Token DOOD generation event. The total volume of the NFT market over the past seven days exceeded 103 million USD, with Ethereum NFTs leading, and Polygon NFTs ranking second with 1.91 million USD in sales. Courtyard has become the NFT collectible platform with the highest sales this week, exceeding 17 million USD in sales.

Golden Finance reports that the Bank of England cut interest rates by 25 basis points, lowering the benchmark interest rate from 4.5% to 4.25%, marking the fourth rate cut in this round of easing, in line with market expectations.

According to a report from Jinse Finance, the Ethereum Foundation announced on its official blog the funding allocation for the first quarter of 2025. The total amount of funding for Q1 2025 is $32.647 million, covering multiple key areas, including community and education, consensus layer, cryptography and zk-SNARKs, developer tools and experience, execution layer, and protocol rise and support.

PANews May 8 news, according to Cointelegraph, Strategy (formerly MicroStrategy) will release the 2025 Bitcoin standard model to assist enterprises in adopting Bitcoin.

Golden Finance reported that Deutsche Börse launched the Deutsche Börse Digital Exchange (DBDX) a year ago for institutional crypto assets trading. Now, given the same customer target, the exchange has integrated it with its forex trading platform 360T. The new platform has been renamed the 3DX Digital Exchange, allowing customers to use the same connections, technology, and workflows, and expanding the services of 360T from crypto assets non-deliverable forwards (NDF) to the Spot market.

The Singaporean cryptocurrency investment firm QCP Capital summarized the impact of the Federal Reserve FOMC meeting and Trump's statements on the market. The Federal Reserve has paused interest rate cuts, and Trump hinted at a potential significant trade agreement, leading to a risk-on sentiment in the market. The prices of Bitcoin and Ethereum have risen, with increased demand for call options in options trading. The market is focused on the trends after the opening of the US market, and QCP remains cautious.

Golden Finance reports that U.S. stock index futures have expanded their gains, with Nasdaq 100 index futures rising by 1.5%, S&P 500 index futures rising by 1.1%, and Dow Jones index futures rising by 0.9%.

According to Jinse Finance and The Block, the core development team of the Sei blockchain, Sei Labs, recently proposed a key proposal SIP-3, which plans to gradually phase out the existing CosmWasm smart contracts and native Cosmos account features, fully transitioning to the Ethereum Virtual Machine (EVM) architecture. The proposal aims to simplify the network structure and enhance performance. In the future, the Sei network will only support transactions initiated through EVM addresses, while underlying functionalities such as validation nodes will still retain support for native Cosmos technology. The proposal is currently in the community discussion phase and will be decided through processes such as Snapshot voting. If approved, developers will need to migrate CosmWasm applications to the EVM environment, and users will also need to transfer their assets to EVM-compatible wallets.

PANews May 8 news, Layer 1 Blockchain project MANTRA announced on X platform that the OM upgrade vesting has begun, allocation information is now available for viewing, and relevant users must claim within the first 12 months in order to continue receiving OM upgrade distribution rewards.

Golden Finance reports that CryptoQuant stated on social media that the current valuation of ETH compared to BTC has fallen to its lowest level since 2019. Historical data shows that this situation usually leads to ETH outperforming BTC. However, the current market faces supply pressure, weak demand, and dull on-chain activity for ETH, which may hinder the rebound of its price.

Astar proposed a tokenomics proposal that changes the ASTR token model from dynamic inflation to a fixed supply model. The proposal introduces an emission decay function to gradually reduce token emissions, stabilizing the DApp stake Annual Percentage Rate at 11-14%, establishing management POL and burning 50% of network transaction fees, enhancing the long-term value and independence of ASTR.

PANews May 8 news, according to Onchain Lens monitoring, after being silent for 9 months, a Whale restaked 20,000 SOL (worth 3.02 million USD).
Currently, the Whale is holding 128,384 SOL (worth 19.6 million USD) in stake.