Bassman

Cryptocurrency Market Report | May 12, 2026 "When Wall Street Lands on Crypto Platforms, Geopolitics Hits the Breaker, and the Fed Welcomes a New Chair" 1. Signals from the OKX Interface: Silicon Valley Giants Entering A screenshot from OKX at 08:15 AM reveals a financial revolution underway. On the futures page, SPACEXUSDT (2,141.2), ANTHROPICUSDT (1,545), and OPENAIUSDT (1,389.9) are tagged with "Pre" — these USDT-settled pre-market perpetual contracts officially launched on May 7, allowing traders to bet on private company valuation changes without granting any equity or shareholder rights. The spot page is equally meaningful: KITE (+6.23%), ONDO (+1.80%), and WLFI (+1.05%) represent the three major structural themes of 2026 — on-chain AI, real asset tokenization, and political crypto assets, respectively. 2. #TrumpRejectsIranDeal — A Geopolitical Blow Trump called Iran's counterproposal "completely unacceptable" on Truth Social, causing Bitcoin to fluctuate sharply between $80,275 and $82,480. Iran refused to dismantle nuclear facilities, Netanyahu declared the war not over, and Brent crude oil surged 4.5% in one day to $105.85 per barrel. As a chain reaction, $270 million long positions were forcibly liquidated, and the total crypto market cap shrank to $2.74 trillion. Prediction markets show the probability of a US-Iran nuclear deal before June has dropped to 27.5%. The more stalled the negotiations, the higher the oil price, the hotter the inflation, and the further away rate cuts are. Every token on OKX is bearing the brunt of this domino effect. 3. #WarshTakesFedChair — The Most Crypto-Savvy Fed Chair in History On April 29, the Senate Banking Committee approved Kevin Warsh's nomination by a 13-11 party-line vote; Powell's term officially ends on May 15. Warsh defines Bitcoin as a "legitimate macro asset" and a "monetary policy barometer," supports private stablecoins over CBDCs, and believes digital assets are now an integral part of the modern financial system. His financial disclosure shows he and his wife jointly hold at least $192 million in assets, including significant venture capital positions in DeFi protocols and blockchain infrastructure. 10x Research CEO Tylor summarized: "Warsh's confirmation vote and the advancement of the CLARITY Act both favor Bitcoin. Regulatory transparency reduces institutional frictions, and smooth leadership transition eliminates policy uncertainty." 4. #BitcoinETFMSBTStreak — Institutional Funds Bottoming Morgan Stanley MSBT had zero net redemptions in its first month since launching on April 8 — 17 days of net inflows, 5 days flat, cumulatively absorbing $193 million, managing assets over $240 million. On May 7, the entire market saw a single-day net outflow of $268.5 million, with BlackRock and Fidelity recording redemptions, but MSBT bucked the trend by absorbing $5.7 million. With an annual fee rate of 0.14% (the lowest in the market), its cost advantage is undeniable for institutions. On the macro level, ETFs absorbed about 19,000 BTC in nine trading days in April, nine times the newly mined supply during the same period, indicating a structural support forming due to supply-demand imbalance. Conclusion The rise of SpaceX and OpenAI futures and KITE and ONDO on OKX all point to one fact: the crypto market in 2026 no longer lives in its own bubble. It reacts to geopolitics like oil, is sensitive to monetary policy like bonds, and attracts institutional funds like top tech stocks. Three tags, one reality: opportunities and risks coexist, and only the clear-headed can navigate it. $BTC $ETH $SOL

Here is the version of the article you provided translated into Simplified Chinese: Market Overview and Analysis: Explosive Surge in Energy Markets, US CPI Imminent, Warsh to Take Fed Chair, Crypto Miners Shift to AI Today (May 12, 2026), global financial markets are in a state of high tension. The US is about to release April CPI data amid geopolitical tensions driving oil and gas prices sharply higher, and Kevin Warsh is set to officially become the new Federal Reserve Chair. The trading app screenshot you provided (suspected OKX Futures) clearly reflects the current trend: energy futures contracts and major stocks are mostly green, with natural gas, WTI crude oil, and Brent crude leading the gains. 1. #USAprilCPITonight US April CPI to be released tonight, will inflation heat up again? • Release time: The US Bureau of Labor Statistics (BLS) will release April CPI data tonight at 8:30 PM Eastern Time (19:30 Beijing/Vietnam time). • Market expectations: • headline CPI month-over-month about 0.7% (previous 0.9%), year-over-year expected to rise to about 3.8% (previous 3.3%). • Core CPI (excluding food and energy) month-over-month expected 0.3%, year-over-year about 2.7%. • Main reason: Oil prices surged sharply due to the US-Iran conflict affecting the Strait of Hormuz, leading to higher transportation and gasoline costs. This is a typical example of commodity prices "transmitting" to consumer prices. Expected impact: If CPI data exceeds expectations, the Fed is more likely to delay rate cuts (or even turn more hawkish); conversely, if data is manageable, it will support easing policies under Warsh's leadership. 2. #WarshTakesFedChair Kevin Warsh to succeed Jerome Powell • Kevin Warsh (former Fed Governor) has passed the Senate Banking Committee review with a 13-11 vote and is currently undergoing full Senate confirmation. He is expected to officially take over as Fed Chair on May 15, 2026, when Powell's term ends. • Warsh's main views: • Supports Fed independence but strongly criticizes previous policies (especially the 2022 inflation surge). • Welcomed by conservatives and parts of the crypto community for a more open attitude toward Bitcoin and support for Fed reform. • The market is closely watching how Warsh will handle energy inflation and whether he will implement rate cuts early. 3. #CryptoMinersGoAI Bitcoin miners transforming into "AI giants" This is a strong ongoing long-term trend: • Multiple Bitcoin mining companies such as Core Scientific, MARA, Riot, TeraWulf, IREN are actively transforming infrastructure into AI/HPC (high-performance computing) data centers. • Reason: Amid Bitcoin halving and fierce competition, AI business (with contracts signed with hyperscale cloud providers like Microsoft and Google) is more profitable and stable. AI revenue may account for 70% of some listed miners' total revenue by the end of 2026. • They are selling Bitcoin to invest in AI, co-developing data centers, and even providing "sovereign computing power" to governments. Impact: In the short term, this may lead to a decline in Bitcoin network hashrate (lower mining difficulty), but in the long term, it helps these companies diversify and increase corporate value. Many miner stocks are being revalued as "AI infrastructure concept stocks." Related to the image you provided • Energy sector leads gains strongly: NGUSDT (+1.38%), CLUSDT (+1.21%), BZUSDT (+1.05%) ... clearly reflecting the strong rise in oil and gas spot prices (WTI around $97-99, Brent around $102-105). • Large stocks like Netflix, Microsoft, Apple also show slight green, indicating that despite inflation pressures, investors' risk appetite remains positive and steady. • The active performance of X-Perp perpetual contracts highlights large inflows of leveraged funds into commodities and crypto markets, showing traders' strong interest in this sector. Short-term outlook • Today's focus: CPI data release. Forex, gold, oil, and crypto markets will experience significant volatility. • Energy sector: Supported by ongoing geopolitical risks but watch for profit-taking pressure. • Crypto and mining: The app specifically notes "SOL is frequently traded." The crypto community is closely watching the new Fed Chair's moves and AI transformation trends. • Risk warning: Persistent inflation → interest rates remain high longer → pressure on risk assets. Summary: The current market is at the triple intersection of rising energy inflation, Fed leadership change, and structural shift of the crypto industry toward AI. This is a period full of volatility but also significant opportunities. Traders need to closely track real-time data and long-term trends. Please pay close attention to the CPI data release and market reaction tonight. If you need the latest detailed CPI data or in-depth analysis on specific assets, feel free to let me know!

🌍 Global Market Brief — May 11, 2026 🔴 #TrumpRejectsIranDeal — Negotiations Collapse, Risk of Military Escalation Rises Current Situation: After a series of diplomatic failures, tensions between the US and Iran have escalated again. On May 10, President Trump labeled Iran's latest response as "completely unacceptable," stating both sides are trying to maintain a fragile ceasefire agreement. Key Disputes: According to The Wall Street Journal, Iran rejected US demands regarding its nuclear program, proposing separate negotiations instead, while agreeing only to dilute part of its highly enriched uranium and transfer the remainder to a third country—conditional on Washington returning it if it withdraws from the deal. Iran agreed to suspend uranium enrichment but for a period far shorter than the 20-year plan proposed by the US and firmly refused to dismantle nuclear facilities. Trump's Strategy: Trump announced he will maintain a maritime blockade on Iran until Tehran agrees to sign the deal. Meanwhile, US Central Command (CENTCOM) has devised a plan for a "brief and forceful" strike on Iranian infrastructure aimed at breaking the negotiation deadlock, followed by pressure on Iran to return to the negotiating table with a more flexible stance. Broader Geopolitical Impact: This deadlock casts a shadow over Trump's upcoming visit to China this week and his meeting with President Xi Jinping. The Iran conflict is likely to be a core topic. Washington has tried to pressure Beijing to urge Tehran to reopen the Strait of Hormuz, but whether China is willing to act remains uncertain. 📌 Key Watchpoint: If Iran continues to refuse concessions, will Trump order military action? Today (May 11) marks the 60-day deadline under the War Powers Act, adding legal and political pressure on the White House. 🏦 #WarshTakesFedChair — New Generation Fed Chair, Interest Rate Policy Enters a New Era Nomination Process: On February 2, 2026, Trump officially nominated former Fed Governor Kevin Warsh to succeed Powell, whose chairmanship ends in May that year. On April 29, the Senate Banking Committee passed the nomination along party lines—13 Republicans in favor, 11 Democrats opposed. The nomination was then sent to the full Senate for consideration. Transition Timeline: Kevin Warsh is expected to officially assume the Fed Chair position in June 2026, with the Senate confirmation vote anticipated during the week of May 15. Warsh has expressed intentions to change how the Fed operates. Warsh's Economic Philosophy: Known for his hawkish anti-inflation stance, some analysts believe he may follow the path of former Chair Paul Volcker from the 1970s, including the possibility of rate hikes. He also plans to shrink the Fed's balance sheet by up to $6.7 trillion, a move historically associated with downward pressure on the stock market. Political Reaction: Democratic senators, including Elizabeth Warren, worry Warsh might become a "puppet" of the president's will. Meanwhile, Warsh's statements on monetary policy independence have caused widespread confusion and concern among former Fed officials. 📌 Key Watchpoint: Warsh will be sworn in on May 15, less than a week away. His first interest rate statement at the June FOMC meeting will be the most important signal shaping the overall US monetary cycle in 2026. ₿ #BitcoinETFMSBTStreak — Wall Street Battles Crypto Market, MSBT Sets Historic Record MSBT's Strong First Month: Morgan Stanley Bitcoin Trust (MSBT) completed its first trading month without a single day of net redemptions—a record unmatched by any other Bitcoin ETF launched in the same period. The fund debuted on April 8, with cumulative net inflows of $193.6 million and assets under management exceeding $240 million. Competitive Edge: MSBT charges an annual management fee of 0.14%, the lowest among all US spot Bitcoin ETFs. The fund also leverages a network of over 16,000 financial advisors managing more than $9.3 trillion in client assets. Notably, nearly all first-month funds came from Morgan Stanley's proprietary investment clients; the advisor channel has not yet officially opened. Overall Market Trend: As of May 8, US spot Bitcoin ETFs have seen six consecutive weeks of net inflows totaling over $3 billion, marking the longest continuous weekly inflow streak since last summer. Macro research platform Ecoinometrics notes this sustained improvement indicates genuine long-term capital returning to digital assets, rather than short-term position adjustments or leverage-driven rebounds. Market Landscape: Total net assets across all Bitcoin ETFs reached $106.6 billion, representing 6.67% of Bitcoin's total market cap. Since their launch in January 2024, cumulative net inflows have totaled $59.3 billion. Bitcoin currently trades near $80,800, up approximately 15.68% over the past three months. 📌 Key Watchpoint: Once Morgan Stanley's advisor channel officially opens, potential capital from the $9.3 trillion client asset pool could propel MSBT to a new scale. ETF expert Eric Balchunas predicts MSBT could reach $50 billion in assets under management within its first year. ⚡ Three-Theme Interlinked Analysis: Rising tensions in Iran → High oil prices → Increased inflationary pressure → Warsh has reason to maintain or even raise rates → Yet Bitcoin ETF inflows remain strong, indicating digital assets are increasingly viewed as a geopolitical risk hedge independent of traditional interest rate cycles.​​​​​​​​​​​​​​​​ $BTC $ETH $SOL

Quick Analysis + Long/Short Setups for 3 Tokens (4H Chart) 1. SPACEXUSDT — $2.1149 (+0.94%) Current Situation: • Slightly rising, above SAR (1.7787) → Bullish bias. • Currently trading in the middle of the intraday range. • RSI 67.14: Still room to rise. • Recent resistance: 2.250 | Support: 2.081 (near current open price). Long Setup (Preferred): • Entry: 2.115 - 2.130 • TP1: 2.210 | TP2: 2.250 • SL: 2.075 (below support) Short Setup (Contrarian): • Short only if it breaks below 2.081 and confirms. • Entry: around 2.07 • TP: 2.02 - 1.95 • SL: 2.13 Comment: Currently bullish and strongest among the three tokens, considered the safest. 2. OPENAIUSDT — $1.405 (+4.83%) Current Situation: • Largest gain among the three tokens. • Testing resistance at 1.416. • RSI 70.94 → Near overbought. • SAR still below price → Momentum remains good. Long Setup: • Entry: Pullback to 1.37 - 1.385 • TP1: 1.42 | TP2: 1.48 - 1.52 • SL: 1.34 Short Setup (Highly Recommended): • Entry: 1.415 - 1.42 (with rejection candle) • TP1: 1.36 | TP2: 1.30 - 1.26 • SL: 1.445 Comment: Strong momentum but prone to reversal (RSI is high). If it fails to break 1.42, prioritize short-term short positions. 3. ANTHROPICUSDT — $1.6019 (+4.12%) Current Situation: • Strong gains but RSI 83.59 → Severely overbought. • Testing resistance at 1.617. • High volume and momentum but high risk of pullback. Long Setup (Cautious): • Only go long after breaking 1.62 and retesting it as support. • TP: 1.70 - 1.75 • SL: 1.57 Short Setup (Preferred): • Entry: 1.60 - 1.617 (with rejection) • TP1: 1.52 | TP2: 1.45 - 1.40 • SL: 1.65 Comment: Most prone to pullback among the three tokens due to high RSI. Currently, the risk-reward ratio favors short over long. #OKXPreIPOPerpsGoLive

🔥 Three Major Market-Shaking Events This Week: OKX Pre-IPO Perpetual Contracts, April NFP, and Trump Tariffs 📌 1. OKX Expands Fully: Pre-IPO Perpetual Contracts + New Stock Derivatives Launch The crypto market has just reached a major turning point. OKX officially launched Pre-IPO perpetual contracts for three of the world's most anticipated private tech companies: SpaceX, OpenAI, and Anthropic. The specific launch times are: SPACEX/USDT opens at 09:00 UTC on May 7, OPENAI/USDT at 09:15 UTC, and ANTHROPIC/USDT at 09:30 UTC. As shown in the two screenshots above, on the first trading day, ANTHROPICUSDT surged +15.56% to 1490.7 USDT, OPENAIUSDT rose +10.98%, and SPACEXUSDT increased +3.75%, fully reflecting the extreme speculative enthusiasm of the crypto community. 📢 Latest News: GME, LITE, DRAM Launch Simultaneously In addition to Pre-IPO contracts, OKX further expanded its stock perpetual contract lineup this week by adding three heavyweight assets: • 🎮 GME/USDT (GameStop Corp.) — the "meme stock" that ignited the global retail investor revolution in 2021 makes a heavyweight debut in the OKX derivatives market. GameStop has been active recently, submitting a buyout proposal to eBay at $125 per share, a 46% premium over the unaffected closing price, reigniting market sentiment. • ⚡ LITE/USDT (Litecoin) — a veteran crypto asset known as the "digital silver" to Bitcoin, gaining renewed attention in the derivatives market. • 💾 DRAM/USDT — a thematic speculative tool targeting the semiconductor memory market, aligning with the current AI computing infrastructure boom and heightened focus on memory chips. How do these products work? All contracts are settled in USDT, support 24/7 trading, with leverage ranging from 0.01x to 5x. Important reminder: users do not hold any equity; they only trade price fluctuations of perpetual contracts. OKX's stock perpetual contracts allow users to trade stock derivatives around the clock through a single unified account, structurally mirroring crypto perpetual contracts. The contracts do not grant ownership of the underlying shares and use a funding rate mechanism to continuously track the underlying asset price. Why is the market so hot? The direct catalyst is SpaceX's expected IPO roadshow starting June 8, targeting a valuation as high as $1.75 trillion, which will significantly boost trading volume and price volatility of synthetic futures contracts in the coming weeks. Meanwhile, OKX also announced the introduction of tokenized stock trading through a partnership with Ondo Finance and continues to expand its equity perpetual contract product line. OKX is not the only pioneer: Bitget entered this field in April via the "IPO Prime" platform, and Injective launched Pre-IPO perpetual contracts as early as last year. ⚠️ Risk Warning: Price discovery remains a core challenge because reference prices depend on secondary market activity with insufficient transparency. Contract prices may differ significantly from actual future IPO prices. 📌 2. April NFP Released Today: US Labor Market Under Pressure Today (May 8, 2026), the US Bureau of Labor Statistics (BLS) released the April employment report. Economists expect about 55,000 new jobs added in April, with the unemployment rate steady at 4.3%. Background comparison: March added 178,000 jobs, the highest since December 2024; February lost 133,000 jobs due to strikes in the healthcare sector. Since 2026 began, a total of 205,000 jobs have been added, averaging about 68,000 per month. The previously released ADP private sector report showed 109,000 new private sector jobs in April, mainly in small businesses. The labor market is becoming more selective: job vacancies are decreasing, but employee retention is improving, and hiring targets are more focused. Impact on crypto and financial markets: Strong NFP data may trigger speculation about Fed rate hikes, putting pressure on risk assets including cryptocurrencies; weak data would reinforce expectations of loose monetary policy, benefiting BTC and altcoins. 📌 3. "A Gentle Tap" — Trump Tariff Dispute Far From Over The hashtag **#TrumpCallsItALoveTap** reflects President Trump's characteristic style when describing his tariff policies. From January to April 2025, the US average effective tariff rate soared from 2.5% to about 27%, the highest level in over a century. However, on February 20, 2026, the Supreme Court ruled that Trump had no authority to impose tariffs under IEEPA, and since then the average effective tariff rate has fallen back to 11.8% as of April 2026. Regarding China-US trade relations, President Trump is expected to visit China in May to meet with President Xi Jinping — his first visit to China in eight years. This is an important signal of easing between the two major economies. Impact on the crypto market: Ongoing global trade tensions are driving capital flows toward non-traditional assets. In recent weeks, Bitcoin and many altcoins have surged strongly, partly because investors seek hedges against geopolitical risks. #OKXPreIPOPerpsGoLive #AprilNFPDropsTonight

2. #TrumpCallsItALoveTap Tariffs Return, Crypto Market Shakes Again This topic reflects Trump's continued tough stance on tariff policies even after the Supreme Court ruling in February 2026. On February 20, 2026, the U.S. Supreme Court ruled 6-3 that imposing broad tariffs under IEEPA exceeded the president's statutory authority. However, Trump immediately announced a new round of tariff measures. The impact on the crypto market was immediate. Over the weekend following the ruling, Bitcoin fell below $65,000. Bitget CEO Gracy Chen stated: "Selling pressure remains obvious and heavy; this asset is extremely sensitive to news headlines, and recent tariff-related turmoil has further suppressed risk appetite." A rarely mentioned but far-reaching transmission path is the cost of Bitcoin mining hardware: import tariffs of 34-36% on China-made ASIC miners have directly increased capital expenditures for U.S. miners, squeezing profit margins and suppressing new capital inflows for deployment. 3. #CoinbaseQ1Loss$394M Even Compliant Giants Can't Escape the Crypto Winter Coinbase reported a net loss of $394.1 million in Q1 2026 (a loss of $1.49 per share), a stark contrast to a profit of $65.6 million in the same period last year. Total revenue dropped to $1.41 billion, below Wall Street's expectation of $1.52 billion. After the earnings release, Coinbase's stock fell about 4% in after-hours trading. A major drag on losses was $482 million in unrealized losses on held crypto assets, mainly due to Bitcoin's sharp decline this quarter. CFO Alesia Haas admitted the macro environment is "really tough": overall crypto market cap and trading volume both fell over 20% quarter-over-quarter. Trading revenue totaled $756 million, with retail at $567 million (down 23% QoQ) and institutional at $136 million (down 27% QoQ). This result reveals a clear paradox: while exchanges like Bitget benefit from massive trading fees generated by pump-and-dump schemes, compliant operators like Coinbase suffer heavy losses amid a market downturn. 4. #OKXPreIPOPerpsGoLive New Era or New Risk? OKX officially launched Pre-IPO perpetual contracts for three of the most watched private tech companies: SpaceX, OpenAI, and Anthropic. The launch schedule is: SPACEX/USDT trading starts at 09:00 UTC on May 7, OPENAI/USDT at 09:15 UTC, and ANTHROPIC/USDT at 09:30 UTC. Contracts are settled in USDT, trade 24/7, and support leverage from 0.01x to 5x. It is important to note: contract prices reference the secondary market for private shares and do not grant holders any equity, voting rights, or dividend rights. This product exemplifies the broader competitive wave of bringing Pre-IPO and private equity speculation on-chain, with Bitget and Injective already having laid groundwork. However, risks cannot be ignored: last year, when Robinhood launched a token product linked to OpenAI, OpenAI publicly stated it had no association with the product. Secondary market pricing mechanisms, disclosure standards, and the legal boundaries between private companies and external trading products remain unclear. Conclusion: Three Pieces of the Same Picture These seemingly unrelated events this week actually tell one story about the 2026 crypto market: • Coinbase's $394 million loss exposes the vulnerability of compliant crypto business models amid macro headwinds • OKX's Pre-IPO perpetual contracts open a new market full of imagination but with legal and pricing risks yet to be tested • #TrumpCallsItALoveTap reminds us that everything is still evolving in an extremely uncertain macro environment $BTC $ETH $TON

🚀 OKX Launches Pre-IPO Perpetual Contracts: A New Gateway to the World's Top Private Company Market #OKXPreIPOPerpsGoLive | May 2026 Event Highlights OKX officially launches Pre-IPO perpetual contracts for three of the world's most closely watched private tech companies: SpaceX, OpenAI, and Anthropic. The official launch schedule is May 7: SPACEX/USDT opens at 09:00 UTC, OPENAI/USDT at 09:15, and ANTHROPIC/USDT at 09:30. What are Pre-IPO Perpetual Contracts? Perpetual contracts are trading contracts that continuously track a reference price without a fixed expiration date. OKX's new contracts use reference prices derived from secondary market activity of private company stocks and do not grant equity ownership, voting rights, or dividend rights. In short: these contracts allow traders to speculate on private company valuations through derivatives settled in cash, without actual share delivery. Key Technical Parameters The product is settled in USDT, trades 24/7 around the clock, and supports leverage from 0.01x to 5x. The contracts are built around market-implied valuation exposure rather than private equity ownership. Notably, if any of the companies file an S-1 with actual share quantities, OKX plans to proportionally adjust to preserve position value. Upon IPO completion, Pre-IPO contracts can be converted into standard stock perpetual contracts. Why is this a Breakthrough? Previously, access to companies like OpenAI or SpaceX was almost exclusively reserved for privileged groups: venture capital funds, insiders, or early investors. OKX brings this demand into the derivatives space, providing crypto traders a new way to speculate on companies that are typically very difficult to access pre-IPO. Meanwhile, OKX has partnered with Ondo Finance to offer tokenized trading of 263 US-listed stocks on-chain and added 5 new stock perpetual contracts, complementing the existing 27 contracts—all supporting 24/7 trading with USDT margin. Market Background This move reflects the trend of crypto exchanges expanding their business from Bitcoin and Ethereum into stocks and real asset markets, continuing early explorations like Robinhood’s OpenAI-related tokens. OKX joins a group of crypto platforms racing to enter the Pre-IPO market: Bitget entered this space in April via the "IPO Prime" platform, and Injective launched Pre-IPO perpetual contracts as early as last year. Risks to Watch Pre-IPO perpetual contracts provide a way to access private market pricing without holding equity. However, this model carries valuation risk because prices are driven by market sentiment rather than fundamental equity rights. Unlike traditional stocks, these contracts do not offer voting rights, dividends, or legal claims on company assets. The core challenge is liquidity: lack of transparent price discovery mechanisms creates fundamental vulnerabilities—widened bid-ask spreads and shallow order books. If OKX fails to attract sufficient trading volume, contracts may become illiquid, making it difficult for traders to enter or exit positions without significant slippage. Summary #OKXPreIPOPerpsGoLive marks an important milestone in the integration of traditional finance and crypto markets. For the first time, global retail traders can access valuation fluctuations of the hottest tech unicorns—OpenAI, SpaceX, Anthropic—through a single crypto account. However, this is purely a derivatives product. Deep understanding of the mechanics, controlled risk-taking, and strict capital management are prerequisites for participating in this promising new market. $BTC $ETH $TON

📊 Market Brief – May 8, 2026 🔥 Three Major Events Shaping the Market Landscape 1. 🏢 OKX Launches Pre-IPO Perpetual Contracts, Ushering in a New Era of Crypto Trading OKX officially launched Pre-IPO perpetual contracts for three top global private tech companies: SpaceX, OpenAI, and Anthropic. These contracts allow traders to bet on the companies' valuations before they go public, without holding actual shares, voting rights, or dividend entitlements. Launch times: SPACEXUSDT opened at 09:00 UTC on May 7, OPENAIUSDT at 09:15 UTC, and ANTHROPICUSDT at 09:30 UTC. Products are settled in USDT, traded 24/7, supporting leverage from 0.01x to 5x. This directly explains the market data in your screenshot: ANTHROPICUSDT quoted at 1,288.5 | SPACEXUSDT at 2,010.1 | OPENAIUSDT at 1,187.9, all representing the newly launched Pre-IPO perpetual contracts. Meanwhile, OKX has expanded to 263 tokenized stocks through a partnership with Ondo Finance, including Apple, Nvidia, and Tesla. All assets can be traded directly within users' existing crypto accounts. #OKXPreIPOPerpsGoLive 2. ₿ Strategy (#StrategyMaySellBTC) Historic Turning Point At the Q1/2026 earnings call on May 5, CEO Phong Le and Chairman Michael Saylor announced the company will abandon its "never sell" Bitcoin policy, shifting to active balance sheet management to maximize Bitcoin value per share. Saylor stated the company might sell some Bitcoin to pay dividends, while reporting a Q4 net loss of $12.54 billion but still holding 818,334 BTC at an average cost of about $75,537 per coin. According to Polymarket data, the probability of Strategy selling BTC before December 31, 2026, is currently 48%. However, the market digested this news better than expected, with Bitcoin quickly rebounding and approaching $82,000, a new high since February 2026. 3. 🌍 US-Iran Negotiations (#USIranMOUTalks) Peace Signals The US and Iran are negotiating a Memorandum of Understanding (MOU) through direct and indirect channels led by envoys Jared Kushner and Steve Witkoff. This MOU will set the framework for detailed talks over the next 30 days. President Trump stated that negotiations have "progressed smoothly" in the past 24 hours and expressed optimism about reaching an agreement before his visit to China next week. A US-Iran peace agreement, once finalized, will positively impact global oil prices, geopolitical risks, and the crypto market. 📈 Detailed Market Summary 🔵 Perpetual Contracts – Top Gainers (Chart 1) ANTHROPICUSDT — Price: 1,288.5 USDT ($1,288.33) | Market Cap: $454 million | Change: -0.12% Anthropic’s Pre-IPO perpetual contract just launched on May 7. The price reflects the secondary market valuation of this AI company (developer of Claude). Despite a slight dip, it remains a focus as a brand-new product. SPACEXUSDT — Price: 2,010.1 USDT ($2,009.84) | Market Cap: $2.336 billion | Change: -0.13% The highest priced among the three Pre-IPO contracts. SpaceX is expected to IPO earliest, so this contract leads in liquidity within the group. OPENAIUSDT — Price: 1,187.9 USDT ($1,187.75) | Market Cap: $593 million | Change: -0.22% The smallest decline among the Pre-IPO group. OpenAI is advancing its for-profit restructuring, increasing investor appeal. 🟢 Spot Market – Top Gainers (Chart 2) BASED/USDT — Price: 0.09774 USDT ($0.097728) | Market Cap: $447 million | Change: +6.19% Consistent with perpetual contracts, BASED shows strong gains in both markets, confirming genuine buying pressure. APE/USDT — Price: 0.16677 USDT ($0.16675) | Market Cap: $130 million | Change: +3.49% Spot APE gains slightly less than contracts; spot liquidity remains low. NOT/USDT — Price: 0.0007133 USDT ($0.00071321) | Market Cap: $823 million | Change: +2.77% Notcoin maintains good momentum in both spot and contract markets. SAHARA/USDT — Price: 0.02636 USDT ($0.026357) | Market Cap: $208.18 million | Change: +2.17% Sahara AI is an AI project attracting market attention. Market cap remains very small but is part of the current AI narrative boom. NIGHT/USDT — Price: 0.032679 USDT ($0.032675) | Market Cap: $117 million | Change: +2.13% Midnight steadily rises; OKX spot supports 10x leverage. STX/USDT — Price: 0.257 USDT ($0.25697) | Market Cap: $196 million | Change: +2.02% Stacks (Bitcoin L2) rebounds slightly. STX usually follows BTC volatility; a 2% gain reflects improving market sentiment. ZORA/USDT — Price: 0.01348 USDT ($0.013478) | Market Cap: $129.3 million | Change: +1.74% New token with a very small market cap. High risk, but potential if new catalysts emerge.

📊 In-depth Crypto Market Analysis | May 7, 2026 🔥 Three Major Events Shaping Today’s Market 1️⃣ #StrategyMaySellBTC C “Never Sell” Is History? This is the most shocking news in the crypto market this week. At the Q1 2026 earnings call, MicroStrategy (now renamed Strategy) announced it will abandon its "never sell" Bitcoin policy and instead adopt a more flexible balance sheet management approach to maximize Bitcoin value per share. Specifically, Executive Chairman Michael Saylor indicated the possibility of selling some BTC to pay dividends, while the company recorded a net loss of up to $12.54 billion in Q4. Currently, Strategy holds 818,334 BTC with an average purchase cost of $75,537 per coin. According to CEO Phong Le, BTC sales will be conducted strategically, "executed when beneficial to the company," and this does not change the long-term business philosophy. After the announcement, MSTR shares fell more than 4% in after-hours trading. Notably, Strategy estimates about $2.2 billion in potential unrealized tax gains related to high-cost Bitcoin holdings, which can be selectively realized through sales. 📌 Market Impact: From the OKX screenshot (Figure 1), KSMUSDT surged by **+19.86%**, many futures contracts remain in the green, and the market is not yet panicking, but psychological pressure from the largest “whale” is evident. 2️⃣ #OKXPreIPOPerpsGoLive Investing in SpaceX, OpenAI, Anthropic via Crypto This explains why you see SPACEXUSDT (+14.87%), ANTHROPICUSDT (-13.60%), and OPENAIUSDT (-23.60%) in the OKX futures list in Figure 1! OKX is preparing to launch perpetual futures contracts tracking valuations of well-known private companies, including OpenAI, SpaceX, and Anthropic. These perpetual contracts allow traders to speculate on private company valuations through derivatives without delivering actual shares or granting equity ownership, voting rights, or dividend rights. These are purely price-tracking instruments, similar to other derivatives markets, with no direct interaction with company equity structures. In the same announcement, OKX also revealed a partnership with Ondo Finance to offer tokenized trading of 263 US-listed stocks on-chain and added 5 new stock perpetual contracts, all supporting 24/7 trading and denominated in USDT. Note: Tokenized stocks are unavailable in the US, European Economic Area, UK, Singapore, Australia, and other regions. 📌 Chart Interpretation: The sharp volatility of OPENAIUSDT (-23.60%) and ANTHROPICUSDT (-13.60%) indicates these are new products with low liquidity, currently in the price discovery phase, carrying very high risk and unsuitable for novice investors. 3️⃣ #USIranMOUTalks Geopolitics Driving Oil Prices and Market Sentiment The US and Iran are negotiating a 14-point, one-page Memorandum of Understanding (MOU) through direct and indirect talks led by Trump’s envoys Steve Witkoff and Jared Kushner with Iranian officials. If agreed, the MOU will declare an end to the war and initiate a 30-day detailed negotiation period covering the Strait of Hormuz, Iran’s nuclear program, and lifting US sanctions. Under the proposed framework, Iran will lift restrictions on passage through the Strait of Hormuz, which have hindered global energy and goods flow since early March. Meanwhile, the US will lift its naval blockade of Iranian ports. After Trump announced positive progress in negotiations, Brent crude oil prices fell 1.2% to $108.60 per barrel, continuing the previous day’s 4% decline. WTI crude futures also dropped 1.2% to $101.06 per barrel. 📌 Connection to Crypto Market: Falling oil prices → easing inflation expectations → increased risk appetite → supporting altcoin rallies. This may explain the significant gains of many tokens in the spot list in Figure 2, such as DOGS (+40.11%), KSM (+27.52%), and JTO (+17.56%). $BTC $ETH $ZEC

🚨 Hormuz Strait Opens, Oil Plummets, Cryptocurrency Explodes: The Market Stands at a Historic Turning Point! 🛢️ Breaking: US-Iran Close to Hormuz Agreement Trump announces suspension of the "Freedom of Navigation" military escort operations for commercial ships passing through the Hormuz Strait, citing "significant progress" in reaching a comprehensive agreement with Iran. The Iranian Islamic Revolutionary Guard Corps (IRGC) also announced it will facilitate safe passage of vessels through the strait. According to regional sources, this expected one-page agreement will officially declare the end of the conflict and initiate a 30-day negotiation period to resolve nuclear issues, unfreeze Iranian assets, and discuss security concerns in the Hormuz Strait. French President Macron has also called for the immediate and unconditional restoration of passage through the Hormuz Strait. ⚠️ But the outcome remains uncertain: Iran confirms it is reviewing the US proposal and will respond through a Pakistani intermediary. Trump warns that if Iran does not agree, airstrikes will resume "with greater intensity." 📉 Oil Market: Historic Plunge WTI crude oil plunged as much as 13.2%, hitting a low of $88.71/barrel, the lowest since April 21. Brent crude simultaneously dropped 12%, falling to $96.77/barrel. Subsequently, Brent stabilized above $101/barrel, with investors cautiously awaiting Tehran's official response and the prospects of the agreement. Context for the severity of this plunge: The Hormuz Strait has effectively been blocked since February 28, 2026, following US-Israeli airstrikes on Iran. Previously, about 21% of global oil and 20% of liquefied natural gas were transported daily through this route. 📊 Chain Reaction: Broad Market Turmoil 🟡 Gold and Precious Metals Rise: Spot gold broke through $4,700/ounce, silver rose over 6%, despite the return of risk appetite, defensive funds have not fully withdrawn. 📈 Asian Stock Markets Surge: The Nikkei 225 index broke the psychological 62,000-point mark intraday, rising over 4%, reflecting market expectations that falling oil prices will reduce inflation and benefit energy-importing economies like Japan. ₿ Bitcoin and Cryptocurrencies Double Beneficiaries: Bitcoin neared $82,000, while Nasdaq futures rose over 1%, and WTI dropped 6%. Cooling oil prices imply easing inflation, opening space for Federal Reserve easing policies, which is the strongest sentiment catalyst for risk assets. Spot Bitcoin ETFs have attracted over $1.6 billion in net inflows since early May, with open interest surpassing $50 billion. Bull call option targets range from $85,000 to $90,000. 🔗 Macro Triangle: Three Hashtags, Three Forces Converge #USIranMOUTalks The Trigger for All Volatility This is the core variable dominating the market this week. The Hormuz Strait, the passage for 21% of global oil supply, is the most critical single variable affecting both oil and cryptocurrencies. When the market believes oil has peaked and the rate-cut cycle can restart, that marks the starting point for Bitcoin's strong rebound. #FOMCNight:BTCBullsLoad Trap or Opportunity? Tonight's Federal Reserve meeting and the prospect of Hormuz opening create an interesting logical chain: oil price drop → inflation cooling → reduced pressure on the Fed → rising rate cut expectations. Bulls are "loading ammo": in the recent rally alone, over $200 million in shorts have been forcibly closed, and $400 million in short positions liquidated. If the Fed signals dovishness tonight, Bitcoin could be the biggest beneficiary. #StrategyMaySellBTC Risk or Noise? Amid improving macro conditions, concerns that Strategy (MicroStrategy) might sell BTC still hang over the market like a "dark cloud." However, strong ETF inflows and continued corporate treasury purchases are effectively absorbing potential selling pressure, providing a buffer mechanism absent in previous cycles. $XAU $BZ $CL

🔥 TON is "exploding"—Telegram officially declares war on the cryptocurrency market! 🚀 Recent Price Movement Over the past 30 days, TON's price has surged by 76.81%, an outstanding performance in the overall market. Specifically, TON recorded a single-day increase of 16.72%, with the price rising from the $1.76 range to $2.14. Trading volume on Binance alone reached $127.6 million. Amid the market holding its breath for the Federal Reserve's interest rate decision #FOMCNight:BTCBullsLoad, TON has emerged as a rare bright star, attracting strong capital inflows and presenting a highly convincing growth narrative. 🔑 Core Drivers Behind the Surge 1. Telegram officially becomes TON's largest validator On May 5, 2026, Pavel Durov announced that Telegram will replace the TON Foundation as the network's largest validator. This is the third step in the "Make TON Great Again" (MTONGA) roadmap. The announcement immediately triggered a 33% price increase and attracted up to $192 million in staking funds within a short period. Previously, the market viewed TON as a loosely connected peripheral ecosystem to Telegram. This new move places Toncoin directly at the core of Telegram's infrastructure, fundamentally changing investors' valuation logic for the project. 2. Significant reduction in transaction fees & developer tool upgrades Following the announcement, transaction fees dropped sixfold to approximately $0.0005 per transaction, alongside a commitment to launch new developer tools. 3. Memecoin ecosystem explosion & listing on Revolut The total market cap of Memecoins on the TON chain reached $157 million, led by Notcoin (DOGS). This revival is partly thanks to Revolut listing these two tokens, expanding their reach to over 70 million European retail users. 4. Continuous inflow of institutional funds On May 6, 2026, TON recorded a net capital inflow of $6.1 million. While concerns from #StrategyMaySellBTC C put pressure on Bitcoin, TON has become a high-quality alternative destination for smart money. 🏗️ Ecosystem Layout Supporting Long-Term Development Telegram plans to integrate TON more deeply into Mini Apps, in-app payments, SocialFi, digital gifts, wallets, creator monetization systems, and Telegram games. The 2026 roadmap also includes TON Pay 2.0, a Layer 2 payment network targeting Telegram's 950+ million users, expected to launch mid-2026; and Bitcoin Bridge, a trustless cross-chain bridge designed to bring Bitcoin into TON's DeFi ecosystem, with the testnet already deployed. Notably, against the backdrop of #USIranMOUTalks bringing positive signals to the macro market, risk-on capital is returning, and TON is one of the assets benefiting most directly. ⚠️ Risks to Watch Technically, the RSI has reached 88.88, entering a dangerously overbought zone. The price is 30% above the upper Bollinger Band and 50% above the 20-day moving average, with recent resistance concentrated around $2.31. Additionally, the centralization risk brought by Telegram acting as the largest validator deserves ongoing attention, coupled with a large token unlock expected in March 2027, which may create selling pressure. 💡 Summary: TON is gathering multiple favorable factors—Telegram's deep commitment, ultra-low fees, an active Memecoin market, and a supportive macro environment. However, the overbought signals warn that chasing the rally now requires extreme caution. Risk management must always be the top priority!​​​​​​​​​​​​​​​​