Odaily reports: According to the official financial report of Bitcoin mining company Core Scientific, the company's total revenue for the first quarter of 2026 was $115 million, an increase from $79.5 million in the same period last year. Gross profit was $30.1 million. Hosting revenue increased to $77.5 million from $8.6 million in the year-ago quarter, while self-mining revenue decreased to $30.1 million. Despite the revenue growth, the company recorded a net loss of $347 million for the quarter, compared to a net profit of $576 million in the same period last year.

The loss was primarily driven by a $266 million non-cash impairment loss and a $30.8 million non-cash loss related to changes in the fair value of warrants and contingent value rights. Additionally, Core Scientific announced the acquisition of Bitcoin mining company Polaris DS LLC for $421 million and expanded its total planned power capacity to 4.5 GW. Impacted by the financial report, the company's stock fell 7% in after-hours trading and declined 6.25% in pre-market trading on Thursday.

Odaily reported that the onshore renminbi closed at 6.8015 against the US dollar at 16:30 on May 7, up 134 points from the previous trading day. (Jin Shi)

Odaily Planet Daily News: The South Korean government will implement taxation on crypto assets as planned in January next year. The National Tax Service is currently preparing the relevant notice, which is expected to be made public and undergo a legislative preview soon. Moon Kyung-ho, head of the Income Tax Division at the Ministry of Economy and Finance, stated that the National Tax Service has conducted multiple practical adjustments with the five major crypto asset operators, including Upbit, Bithumb, Coinone, Korbit, and Gopax.

According to the current Income Tax Act, starting January 1 next year, income from the transfer or lending of crypto assets will be classified as other income. A comprehensive tax rate of 22% will be levied on income exceeding 2.5 million won, comprising 20% income tax and 2% local income tax. This policy is expected to affect approximately 13.26 million investors.

Odaily reported that Ark Invest, the fund managed by Cathie Wood, recently made a substantial purchase of Robinhood (HOOD) shares at a low price. Nick Grous, Research Director at Ark Invest, posted on X today stating that trading revenue is inherently cyclical and highly influenced by market conditions. Focusing solely on this data means missing the truly significant changes.

Currently, the most important story for Robinhood is its subscription service, Robinhood Gold, a mechanism that continuously pulls users deeper into the Robinhood ecosystem. As of the first quarter of this year, the penetration rate of the Gold service among funded users had reached 15.8%, and 40% of new users choose to subscribe to Gold directly upon registration. In the long run, an increasing number of Gold-exclusive services will form a more stable, sustainable revenue base that is less susceptible to market sentiment. This is the core narrative of Robinhood evolving from a mere brokerage platform into a "financial super app," and this flywheel is still in its very early stages.

Previously, Robinhood reported first-quarter earnings last month that fell short of market expectations, causing its stock price to drop 13% in a single day. However, Ark Invest took the opportunity to buy the dip, spending approximately $39.7 million to purchase over 550,000 shares of HOOD, which were allocated to its three flagship funds: ARKK, ARKW, and ARKF. The stock has now become one of the top six holdings in these three funds, accounting for about 3% of their portfolios.

Odaily, World Liberty Financial co-founder Zach Witkoff appeared on Fox Business to discuss the company's latest breakthroughs in AI and decentralized finance. Witkoff pointed out that WorldClaw is a key piece of the puzzle in realizing the Agent economy vision. WorldRouter, as an AI model aggregation platform, supports access to over 300 mainstream AI models—including GPT-5.5, Claude Opus 4.7, and Gemini 3.1 Pro—via a single account, with pricing 30% lower than official channels. WorldClaw AgentOS integrates the native stablecoin USD1 for instant and transparent settlement. Users can stake WLFI tokens to obtain AI credit packages and unlock whitelist eligibility. The project has the backing of the Trump family, aiming to establish the United States as the global hub for crypto and AI.

Israeli media: Iran is open to transferring enriched uranium. Odaily reports that, according to Israeli N12 news, Iran has shown surprising openness to Washington's main demand—transferring its stockpile of 60% enriched uranium to a third country. However, the two sides have not yet reached any agreement on the identity of the country that will receive the stockpile. (Jinshi)

Odaily reports that 1inch posted on X platform, stating it has taken note of reports concerning TrustedVolumes and confirmed that neither 1inch nor any of its protocols are involved in the incident. The 1inch system, infrastructure, and user funds remain unaffected. TrustedVolumes operates independently as a liquidity provider and is utilized by multiple protocols within the industry, not exclusively by 1inch. 1inch will continue to monitor the situation and actively assist relevant security parties as appropriate.

Odaily reported that, according to official sources, MGBX will list the BILLUSDT perpetual contract trading pair on May 7, 2026, at 18:00 (SGT).

Trading Start Time: May 7, 2026, at 18:00 (SGT)

Leverage: Up to 25x supported.

According to Bitget market data, the "Magnificent Seven" among U.S. tech stocks generally rose today. Among them, NVIDIA led the gains with 5.77%, Google rose 2.47%; Tesla, Meta, Apple, Microsoft, and Amazon also rose between 0.53% and 2.4%.

On the macro level, the long-term themes of AI applications and cloud computing continue, driving capital flows toward high-beta growth assets. It is reported that Bitget's Panoramic Exchange UEX now supports stock tokens and contract trading for the aforementioned "Magnificent Seven," aiming to provide users with a one-stop cross-asset allocation and risk hedging tool.

According to Odaily, citing Gate data, WTI crude oil plunged 4% intraday, now trading at $93.14 per barrel. Brent crude oil lost the $97 per barrel mark, falling 3.48% intraday. On the news front, the US and Iran reached a consensus on gradually opening the Strait of Hormuz in exchange for easing the maritime blockade.

Odaily reported that, according to Saudi media Alhadath and Al Arabiya, sources say the US and Iran have reached a consensus on a gradual reopening of the Strait of Hormuz in exchange for easing the maritime blockade. The situation for stranded vessels in the strait is expected to see a breakthrough in the coming hours. International oil prices have plummeted in short-term trading, with WTI crude oil falling over 3% intraday and Brent crude dropping nearly 3%. (Jin10)

Odaily Odaily reports that AMD's stock price surged to a record high on Wednesday. The strong outlook boosted investor confidence in the sustained demand for AI infrastructure, driving an overall rally in global semiconductor stocks. Analysts and investors view AMD as the leading challenger to Nvidia's dominance in the AI chip market, and the company is also benefiting from its focus on the CPU business. CPUs have gained significant importance as businesses shift towards agentic AI—systems capable of performing autonomous functions—which broadens the demand horizon beyond GPUs used for training large models. "Nvidia had a monopoly on the AI chip market for two years, but other companies are now gradually catching up. At the same time, the market is expanding, leaving room for future growth," said Michael O'Rourke, Chief Market Strategist at Jones Trading.

"AMD's story is no longer just about competing with Nvidia on GPUs... it's increasingly shifting towards a broader computing opportunity, as both CPUs and GPUs will play their respective roles as demand for AI workloads grows," said Matt Britzman, Senior Equity Analyst at Hargreaves Lansdown. (Jin Shi)

According to TRONSCAN data, the total number of accounts on the TRON network has reached 380,102,569, officially surpassing 380 million. It is reported that the total number of accounts refers to the total number of activated account addresses on the TRON network.

As of now, the total number of transactions on the TRON network has exceeded 13.8 billion, the total value locked (TVL) has surpassed $28.5 billion, the total issuance of TRC20-USDT has exceeded 88.3 billion tokens, with an additional issuance of 2 billion tokens in the past seven days. Meanwhile, TRON's total protocol revenue in April reached $225 million, further confirming the robust vitality and sustained prosperity of the network ecosystem.

Additionally, TRON founder Justin Sun recently stated on social media that TRON will launch a quantum-resistant network on its testnet in the second quarter of this year, with the mainnet going live in the third quarter, making it the world's first quantum-resistant network. He noted that a quantum-resistant blockchain network is the primary requirement for AI usage.

According to Odaily monitoring, a whale began accumulating Sato three hours ago, purchasing a total of $325,000 worth at an average market cap of $28.4 million, currently showing an unrealized profit of $32,000.