According to the latest statistics from the China Gold Association: In Q1 2026, gold production from domestic raw materials amounted to 81.065 tons, a decrease of 6.178 tons year-on-year, down 7.08%; gold production from imported raw materials reached 55.165 tons, an increase of 1.578 tons year-on-year, up 2.94%. Total gold production from both domestic and imported raw materials was 136.230 tons, a decrease of 4.600 tons year-on-year, down 3.27%.

In Q1 2026, China's gold consumption stood at 303.292 tons, an increase of 4.41% year-on-year. This includes: gold jewelry at 84.620 tons, down 37.10% year-on-year; gold bars and coins at 202.062 tons, up 46.40% year-on-year; and industrial and other gold use at 16.610 tons, down 7.43% year-on-year. (China Gold Association)

Odaily reports, according to monitoring by Ai Yi, F2Pool co-founder Wang Chun (0xf42...2b51) withdrew 7,461 ETH, valued at $17.27 million, from Binance 5 hours ago, and subsequently deposited them into Spark.

Odaily Planet Daily News According to Gate data, Intel's US stock closed at $124.92, surging +13.96% in a single day, with a corresponding market value exceeding $627.8 billion. This means that the U.S. government's 9.9% stake (approximately 433.3 million shares) purchased in August last year is now worth a total of $54.1 billion, appreciating by more than $45 billion in just seven months.

Previously, on August 22, 2025, the U.S. government directly purchased newly issued original shares of Intel at a price of $20.47 per share, using funds converted under the CHIPS Act.

Odaily Odaily: Aave posted on the X platform stating that the second phase of the technical solution for the rsETH incident recovery has progressed. On May 6, eight positions of the hacker on Aave V3 were liquidated, and the recovered rsETH collateral has been transferred to the recovery guardian. The Arbitrum DAO has passed a proposal to return the previously recovered $71 million in ETH.

Regarding the application for asset freezing filed by the plaintiff, the judge has approved Aave LLC's proposal, allowing the transfer of the $71 million in ETH to Aave LLC through an on-chain vote by the Arbitrum DAO. Subsequent plans include burning rsETH on Arbitrum and restoring the rsETH reserve. After the reserve is restored, withdrawals will be reopened, and the WETH Loan-to-Value (LTV) ratio on the Aave V3 Ethereum mainnet will be restored.

Odaily Odaily reports that Coinbase CEO Brian Armstrong posted on platform X, stating that Coinbase experienced a downtime last night. The root cause was a malfunction of multiple coolers in an AWS data center, leading to the computer room overheating. Most systems are designed to be redundant and operate normally against a single AWS Availability Zone failure, but the centralized exchange failed to achieve this redundancy due to its optimization for latency and customer hosting. While it is possible to make the exchange resistant to Availability Zone failures, this would introduce latency and disrupt customer hosting.

In light of this incident, these trade-offs will be reevaluated. At the very least, when it is necessary to migrate Availability Zones, downtime should be significantly reduced. Armstrong thanked the AWS and Coinbase teams for mitigating the issue overnight and stated that a detailed technical summary will be shared later.

1. The Russian State Duma has approved a bill on criminal liability for illegal mining;

2. Arthur Hayes: 99% of altcoins may go to zero;

3. Cathie Wood: Innovation-driven deflationary forces are building, and inflation could come in lower than expected over the next 6 to 9 months;

4. An address dormant for 7 months bought 67,000 SOL and 6.2 million JUP, worth $7.75 million;

5. US senators question Mark Zuckerberg over Meta’s stablecoin plans;

6. Trump says he may restore 'Project Liberty' operations;

7. Tether burns 2 billion USDT on the Ethereum network;

8. Telegram founder: TON's annual staking reward ranks first among the top 50 cryptocurrencies;

9. Iranian lawmaker: Oil contamination near Kharg Island is actually emissions from European tankers;

10. A whale has opened a long position in ZEC worth $10.2 million.

Odaily Planet Daily News: A source close to DeepSeek revealed that Alibaba and DeepSeek could not reach an agreement on specific financing terms. On one hand, Alibaba's own ecosystem is not highly compatible with DeepSeek, and DeepSeek is not short of potential external investors, hoping to minimize restrictions on the terms.

Additionally, DeepSeek and potential shareholders are currently in negotiations. Bloomberg, citing sources familiar with the matter, reported that Tencent has proposed subscribing to up to 20% of DeepSeek's shares in this financing round, but DeepSeek is reluctant to cede a large proportion of control. According to previous reports, DeepSeek is valued at up to 300 billion and plans to raise 50 billion, of which 20 billion will be internal capital increase and 30 billion external fundraising. This valuation has been confirmed by DeepSeek internal employees. (White Whale Lab)

Odaily, the State Duma Committee on State Building and Legislation has recommended the first reading of a government bill imposing criminal liability for the illegal mining of cryptocurrencies. The bill adds a new Article 171.6 to the Criminal Code of the Russian Federation, holding individuals accountable for mining activities not included in the state register, as well as for providing mining infrastructure operation services without a license.

If the illegal income or damages exceed 3.5 million rubles, the penalty could be a fine of up to 1.5 million rubles or up to two years of compulsory labor. If committed by an organized group or if the income exceeds 13 million rubles, the maximum fine rises to 2.5 million rubles, with a potential prison term of up to five years. In all violation cases, the mined cryptocurrencies will be confiscated. Currently, approximately 50,000 entities are engaged in mining in Russia, but only 1,489 are registered in the state register.

Odaily reported that Arthur Hayes stated at the Consensus Miami 2026 event that 99% of altcoins could drop to zero, which is part of a normal market cleansing. Since 1929, approximately 98% of companies in the S&P 500 have gone to zero, meaning most stocks are also altcoins over the long term. Cryptocurrencies crash faster due to 24/7 trading and a lack of restrictions. He suggests viewing tokens as software; the failure of most software projects due to an inability to attract users is a normal business reality.

The price and future value of Bitcoin depend on the total amount of fiat currency and the speed at which it is created, and are unrelated to politics or regulation. Bitcoin is currently trading at around $82,000, and its utility lies in allowing users to transfer value outside the traditional financial system. Centralized crypto companies seek regulation to protect their businesses, but this will not impact the validity of Bitcoin or cryptocurrencies.

According to SoSoValue data, yesterday (Eastern Time May 8), SOL spot ETFs recorded a total net inflow of $6.2346 million in a single day.

Only the Bitwise Solana Staking ETF (BSOL) saw inflows yesterday, with a single-day net inflow of $6.2346 million, bringing its historical total net inflow to $862 million.

As of press time, the total net asset value of SOL spot ETFs stood at $987 million, with a net asset ratio of 1.82% and a cumulative historical net inflow of $1.057 billion.

Odaily reported that “Cathie Wood” posted on platform X, stating that despite the rise in oil prices over the past three months, the yield curve continues to flatten, and the Federal Reserve has not monetized this energy shock. The bond market may be starting to price in the deflationary effects driven by AI and technology-driven productivity gains. Currently, the cost of AI model training and inference has significantly dropped, productivity growth is accelerating, and unit labor costs remain subdued.

Although the current market narrative is focused on tariffs, deficits, and structurally high inflation, the underlying signals suggest that innovation-related deflationary forces are building. It is expected that inflation could be lower than anticipated over the next 6 to 9 months, which will have profound implications for interest rates and long-duration stocks.

Odaily reports that according to Lookonchain monitoring, an address, after being dormant for 7 months, bought 67,648 SOL and 6.2 million JUP in the past 6 hours, valued at $6.23 million and $1.52 million respectively.

Odaily报道，美国马萨诸塞州参议员伊丽莎白·沃伦致信Meta首席执行官马克·扎克伯格，要求其就稳定币整合相关事宜作出回应。伊丽莎白·沃伦表示，鉴于Meta此前发行Libra的尝试，其在稳定币计划上缺乏透明度令人不安。她要求马克·扎克伯格在5月20日前提供稳定币试验的细节，包括推出日期、涉及的第三方稳定币及隐私保护机制。

Meta已于4月向菲律宾和哥伦比亚的部分创作者推出USDC支付功能。美国参议院银行委员会目前正在审议旨在建立数字资产框架的CLARITY法案。

Speaking at the White House on the 8th, U.S. President Trump told the media that the United States may resume the "Freedom Plan" operation aimed at guiding stranded vessels in the Strait of Hormuz, and expects to receive a response from Iran later that evening regarding the U.S.-proposed bilateral agreement.

Trump said he believes the "Freedom Plan" is a good idea, but "there are other solutions." If progress is not achieved, the U.S. may restart the "Freedom Plan." However, "it will be an upgraded version of the 'Freedom Plan,' meaning additional measures will be added on top of the original plan." (Xinhua News Agency)

Monitoring by the Odaily Seer Channel shows that in the Polymarket prediction event "NBA Playoffs Western Conference Semifinals G3 Spurs vs. Timberwolves", an account with a 44% win rate (address: 0x9ac2536ed93f8fe8ce91d9662b03bcbb19ccbe3d) purchased $370,000 on the Spurs defeating the Timberwolves, with an average entry price of 64.6¢ and an unrealized profit of $11,000.

NBA Playoffs Western Conference Semifinals G3 Spurs vs. Timberwolves will tip off today at 9:30 AM Beijing time. The series is tied 1-1. Timberwolves players Anthony Edwards and Ayo Dosunmu are questionable for this game.

The Odaily Seer Channel continues to monitor the prediction market, seeing changes before they are priced in.

On the 8th local time, Iranian Foreign Minister Abbas Araghchi held a phone conversation with Turkish Foreign Minister Hakan Fidan to discuss the regional situation. When addressing the recent U.S. provocative actions in the Persian Gulf and certain remarks by U.S. officials, Araghchi stated that Washington's destructive approach is weakening the diplomatic process and deepening the Iranian people's suspicion of U.S. intentions. (CCTV)