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Bitcoin spot ETF had a net inflow of US$142 million yesterday, with all 12 products recording positive inflows; Robinhood plans to launch a blockchain-based U.S. stock trading platform in Europe; the U.S. Office of the Comptroller of the Currency allows U.S. banks to buy and sell client-custodied crypto assets and outsource related services.Bitcoin spot ETF had a net inflow of US$142 million yesterday, with all 12 products recording positive inflows; Robinhood plans to launch a blockchain-based U.S. stock trading platform in Europe; the U.S. Office of the Comptroller of the Currency allows U.S. banks to buy and sell client-custodied crypto assets and outsource related services.

PA Daily | Upbit will list Celestia (TIA) and io.net (IO); the Federal Reserve keeps interest rates unchanged for the third time

Author: PANews

Source: PANews

2025/05/08 17:30

9 min read

TIA$0.3723-1.08%

IO$0.1215-1.61%

Today's news tips:

Bithumb launches PARTI and EPT Korean Won trading pairs

Upbit will list Celestia(TIA) and io.net(IO)

Stripe launches stablecoin financial accounts to support merchants in 101 countries

The Fed kept interest rates unchanged for the third time, warning that the risks of high inflation and high unemployment are rising simultaneously

Binance Alpha Launches Gorilla

Bitcoin spot ETFs had a net inflow of $142 million yesterday, and all 12 products recorded positive inflows

OCC allows US banks to buy and sell customer-custodied crypto assets and outsource related services

Robinhood plans to launch blockchain-based US stock trading platform in Europe

Regulatory/Macro

Binance will perform wallet maintenance on the TRON network on May 9

According to Binance's announcement, the platform will perform wallet maintenance on the Tron (TRX) network at 15:00 Beijing time on May 9, and will suspend the recharge and withdrawal of the network from 14:55. The maintenance is expected to last about 1 hour, during which the trading of TRX and its tokens will not be affected. The recovery time will be determined by the stability of the network and no further notice will be given.

CZ confirms he has asked a lawyer to apply for Trump's pardon for money laundering

Binance founder Changpeng Zhao (CZ) recently said in a podcast that his lawyer has formally applied to Trump for a presidential pardon, despite his previous denials of related reports. CZ said he "wouldn't mind" being pardoned and was inspired by the pardon of the founder of BitMEX to submit an application. He was fined and sentenced to four months in prison after pleading guilty in 2023. If the pardon is approved, it may allow him to return to his Binance.US operations position.

Robinhood plans to launch blockchain-based US stock trading platform in Europe

According to Bloomberg, Robinhood is developing a new blockchain-based platform that plans to allow European users to trade tokenized assets of U.S. securities. The platform may be based on Arbitrum, Ethereum or Solana blockchains and built in cooperation with a digital asset company. The news pointed out that as the European regulatory environment becomes clearer, asset tokenization has become a popular direction for traditional financial institutions to expand into the crypto market.

Source: Bessant has submitted plans for US sovereign wealth fund to Trump

According to CBS, earlier this year, Trump asked Treasury Secretary Bessant and Commerce Secretary Lutnick to jointly develop a proposal for a U.S. sovereign wealth fund by early May, but the White House rejected part of the proposal. Currently, multiple sources said that the proposal has been submitted. However, one of the sources said that the White House is concerned about the approach taken by the Treasury Department. A source said that the details of the fund's operating mechanism are still under discussion and no news will be announced in the near future. Trump said before traveling to the Middle East next week that he would make a "very big announcement", but this has nothing to do with the proposed sovereign wealth fund. Trump has not yet decided how to use the proceeds from the sovereign wealth fund. The White House said: The Treasury and Commerce Departments have developed plans for the sovereign wealth fund, but no final decision has been made.

OCC allows US banks to buy and sell customer-custodied crypto assets and outsource related services

The U.S. Office of the Comptroller of the Currency (OCC) issued new guidance (Interpretative Letter No. 1184), clarifying that U.S. national banks and federal savings associations can buy and sell crypto assets in their custody based on customer instructions, and allow outsourcing of crypto asset custody and execution services to third parties, provided that they comply with third-party risk management regulations.

Stripe launches stablecoin financial accounts to support merchants in 101 countries

Stripe announced the launch of "Stablecoin Financial Accounts", which supports corporate users in 101 countries and regions around the world to hold USDC or USDB stablecoin balances, and can send and receive funds through fiat and crypto channels. The account is hosted by Stripe's Bridge, and funds can be transferred through ACH, wire transfer or crypto wallet, and support transfers to bank accounts or crypto addresses. Stripe also plans to provide USDC-denominated Visa card services. USDB is a closed-loop stablecoin, which means it is not publicly available. USDB is an infrastructure stablecoin issued by Bridge. It always corresponds one-to-one to the equivalent amount of US dollar cash and short-term money market funds held by BlackRock.

The Fed kept interest rates unchanged for the third time, warning that the risks of high inflation and high unemployment are rising simultaneously

According to Jinshi, at 02:00 am Beijing time on Thursday, the Federal Reserve kept interest rates unchanged for the third time, maintaining the benchmark interest rate target range at 4.25%-4.50%, in line with market expectations, and took a cautious stance amid the increasing uncertainty in the economic outlook caused by tariff policies. Although the Federal Reserve believes that the overall economy is still "soundly expanding", the FOMC issued a rare warning in its post-meeting statement that the risks of high inflation and high unemployment are rising simultaneously, making the economic outlook even more confusing.

Viewpoint

Bitcoin Magazine CEO: Currently, about 50 countries are involved in Bitcoin mining, and 700,000 BTC are currently held by Bitcoin-related securities

David Bailey, CEO of Bitcoin Magazine, mentioned in an interview that Bitcoin is gradually being adopted by countries and institutions, and shared relevant data and projects. He said that currently about 50 countries are involved in Bitcoin mining through public-private partnerships, and the scale of mining in some countries has reached hundreds of megawatts or even gigawatts. For example, Bhutan's Bitcoin mining revenue has accounted for more than 50% of its GDP. In addition, he expects more sovereign countries to purchase Bitcoin through sovereign wealth funds or other forms this year, and mentioned that there are currently 700,000 Bitcoins held by Bitcoin-related securities, and this number may increase significantly. Bailey also pointed out that the model of companies like MicroStrategy purchasing Bitcoin through asset securitization strategies is being widely replicated, and about 200 companies have adopted similar strategies. This trend will expand further in the future.

Project News

Upbit will list Celestia(TIA) and io.net(IO)

According to the Upbit announcement, the platform will add support for Celestia (TIA) and io.net (IO) transactions. Celestia (TIA) will support KRW, BTC and USDT markets based on the Celestia network; io.net (IO) will support BTC and USDT markets based on the Solana network.

Binance Alpha Launches Gorilla

The APP page shows that Binance Alpha has launched gorilla (gorilla).

Bitget and Avalanche join forces to enter India and launch a $10 million Web3 development plan

According to Cointelegraph, Bitget and Avalanche announced a strategic partnership in India, and will invest at least $10 million to support the local Web3 community, including micro-grants, scholarships, hackathons and workshops, with the first batch focusing on Delhi and Bangalore. India is currently one of the fastest growing encryption and developer markets in the world, with young users accounting for nearly 75% and developers accounting for 17% of the world's new Web3 contributors.

Backpack launches SOL reserve staking and plans to distribute revenue to lending and deposit users

Armani Ferrante, founder of Backpack, tweeted that the platform has started staking SOL reserves. In the initial stage, all staking income will be returned to borrowers, and all depositors will be covered in the future. Because the pledged assets are not tracked, the TVL monitoring platform may temporarily show abnormalities. It is expected that the Web and App will be updated within a week to start the first round of income distribution mechanism.

Bithumb launches PARTI and EPT Korean Won trading pairs

According to Bithumb’s announcement, it will launch trading pairs of two new currencies, Particle Network (PARTI) and Balance (EPT), against the Korean won. PARTI is based on the BNB chain, and EPT is based on Ethereum. Trading will open at 5pm and 6pm (local time) on the same day, respectively.

Unichain becomes the dominant chain in Uniswap v4, with a market share far exceeding that of Ethereum

Dune data shows that Unichain has recently surpassed Ethereum to become the blockchain with the highest transaction volume on Uniswap v4. It rose rapidly in mid-April and its current market share is close to or exceeds 60%, significantly ahead of Ethereum's less than 30%.

Important data

Abraxas Capital deposited 1,000 BTC to Kraken 2 hours ago and still holds 983 BTC

According to The Data Nerd, a wallet belonging to Abraxas Capital Management deposited 1,000 BTC (about $98.92 million) into Kraken 2 hours ago. The address purchased these BTC at an average price of $84,713 3 weeks ago. If all were sold, it would realize a profit of about $14.21 million. The address currently still holds 983 BTC, worth about $97.43 million.

Data: 200 million USDT transferred from HTX to Aave

According to Whale Alert monitoring, 200 million USDT (approximately US$200.14 million) was transferred from HTX to Aave at 15:44.

Bitcoin spot ETFs had a net inflow of $142 million yesterday, and all 12 products recorded positive inflows

According to SoSoValue data, on May 7, Eastern Time, Bitcoin spot ETFs had a total net inflow of $142 million, and none of the 12 ETFs had a net outflow. ARKB ranked first with a single-day net inflow of $54.7263 million, followed by FBTC with an inflow of $39.9190 million. As of now, the total net asset value of Bitcoin spot ETFs has reached $112.712 billion, accounting for 5.86% of the total market value of BTC, and the historical cumulative net inflow has reached $40.719 billion.

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#ETF #Whale #Lending

The gaming industry is in the midst of a historic shift, driven by the rise of Web3. Unlike traditional games, where developers and publishers control assets and dictate in-game economies, Web3 gaming empowers players with ownership and influence. Built on blockchain technology, these ecosystems are decentralized by design, enabling true digital asset ownership, transparent economies, and a future where players help shape the games they play. However, as Web3 gaming grows, security becomes a focal point. The range of security concerns, from hacking to asset theft to vulnerabilities in smart contracts, is a significant issue that will undermine or erode trust in this ecosystem, limiting or stopping adoption. Blockchain technology could be used to create security processes around secure, transparent, and fair Web3 gaming ecosystems. We will explore how security is increasing within gaming ecosystems, which challenges are being overcome, and what the future of security looks like. Why is Security Important in Web3 Gaming? Web3 gaming differs from traditional gaming in that players engage with both the game and assets with real value attached. Players own in-game assets that exist as tokens or NFTs (Non-Fungible Tokens), and can trade and sell them. These game assets usually represent significant financial value, meaning security failure could represent real monetary loss. In essence, without security, the promises of owning “something” in Web3, decentralized economies within games, and all that comes with the term “fair” gameplay can easily be eroded by fraud, hacking, and exploitation. This is precisely why the uniqueness of blockchain should be emphasized in securing Web3 gaming. How Blockchain Ensures Security in Web3 Gaming?

Immutable Ownership of Assets Blockchain records can be manipulated by anyone. If a player owns a sword, skin, or plot of land as an NFT, it is verifiably in their ownership, and it cannot be altered or deleted by the developer or even hacked. This has created a proven track record of ownership, providing control back to the players, unlike any centralised gaming platform where assets can be revoked.
Decentralized Infrastructure Blockchain networks also have a distributed architecture where game data is stored in a worldwide network of nodes, making them much less susceptible to centralised points of failure and attacks. This decentralised approach makes it exponentially more difficult to hijack systems or even shut off the game’s economy.
Secure Transactions with Cryptography Whether a player buys an NFT or trades their in-game tokens for other items or tokens, the transactions are enforced by cryptographic algorithms, ensuring secure, verifiable, and irreversible transactions and eliminating the risks of double-spending or fraudulent trades.
Smart Contract Automation Smart contracts automate the enforcement of game rules and players’ economic exchanges for the developer, eliminating the need for intermediaries or middlemen, and trust for the developer. For example, if a player completes a quest that promises a reward, the smart contract will execute and distribute what was promised.
Anti-Cheating and Fair Gameplay The naturally transparent nature of blockchain makes it extremely simple for anyone to examine a specific instance of gameplay and verify the economic outcomes from that play. Furthermore, multi-player games that enforce smart contracts on things like loot sharing or win sharing can automate and measure trustlessness and avoid cheating, manipulations, and fraud by developers.
Cross-Platform Security Many Web3 games feature asset interoperability across platforms. This interoperability is made viable by blockchain, which guarantees ownership is maintained whenever assets transition from one game or marketplace to another, thereby offering protection to players who rely on transfers for security against fraud. Key Security Dangers in Web3 Gaming Although blockchain provides sound first principles of security, the Web3 gaming ecosystem is susceptible to threats. Some of the most serious threats include:

Smart Contract Vulnerabilities: Smart contracts that are poorly written or lack auditing will leave openings for exploitation and thereby result in asset loss. Phishing Attacks: Unintentionally exposing or revealing private keys or signing transactions that are not possible to reverse, under the assumption they were genuine transaction requests. Bridge Hacks: Cross-chain bridges, which allow players to move their assets between their respective blockchains, continually face hacks, requiring vigilance from players and developers. Scams and Rug Pulls: Rug pulls occur when a game project raises money and leaves, leaving player assets worthless. Regulatory Ambiguity: Global regulations remain unclear; risks exist for players and developers alike. While blockchain alone won’t resolve every issue, it remediates the responsibility of the first principles, more so when joined by processes such as auditing, education, and the right governance, which can improve their contribution to the security landscapes in game ecosystems. Real Life Examples of Blockchain Security in Web3 Gaming Axie Infinity (Ronin Hack): The Axie Infinity game and several projects suffered one of the biggest hacks thus far on its Ronin bridge; however, it demonstrated the effectiveness of multi-sig security and the effective utilization of decentralization. The industry benefited through learning and reflection, thus, as projects have implemented changes to reduce the risks of future hacks or misappropriation. Immutable X: This Ethereum scaling solution aims to ensure secure NFT transactions for gaming, allowing players to trade an asset without the burden of exorbitant fees and fears of being a victim of fraud. Enjin: Enjin is providing a trusted infrastructure for Web3 games, offering secure NFT creation and transfer while reiterating that ownership and an asset securely belong to the player. These examples indubitably illustrate that despite challenges to overcome, blockchain remains the foundational layer on which to build more secure Web3 gaming environments. Benefits of Blockchain Security for Players and Developers For Players: Confidence in true ownership of assets Transparency in in-game economies Protection against nefarious trades/scams For Developers: More trust between players and the platform Less reliance on centralized infrastructure Ability to attract wealth and players based on provable fairness By incorporating blockchain security within the mechanics of game design, developers can create and enforce resilient ecosystems where players feel reassured in investing time, money, and ownership within virtual worlds. The Future of Secure Web3 Gaming Ecosystems As the wisdom of blockchain technology and industry knowledge improves, the future for secure Web3 gaming looks bright. New growing trends include: Zero-Knowledge Proofs (ZKPs): A new wave of protocols that enable private transactions and secure smart contracts while managing user privacy with an element of transparency. Decentralized Identity Solutions (DID): Helping players control their identities and decrease account theft risks. AI-Enhanced Security: Identifying irregularities in user interactions by sampling pattern anomalies to avert hacks and fraud by time-stamping critical events. Interoperable Security Standards: Allowing secured and seamless asset transfers across blockchains and games. With these innovations, blockchain will not only secure gaming assets but also enhance the overall trust and longevity of Web3 gaming ecosystems. Conclusion Blockchain is more than a buzzword in Web3; it is the only way to host security, fairness, and transparency. With blockchain, players confirm immutable ownership of digital assets, there is a decentralized infrastructure, and finally, it supports smart contracts to automate code that protects players and developers from the challenges of digital economies. The threats, vulnerabilities, and scams that come from smart contracts still persist, but the industry is maturing with better security practices, cross-chain solutions, and increased formal cryptographic tools. In the coming years, blockchain will remain the base to digital economies and drive Web3 gaming environments that allow players to safely own, trade, and enjoy their digital experiences free from fraud and exploitation. While blockchain and gaming alone entertain, we will usher in an era of secure digital worlds where trust complements innovation. The Role of Blockchain in Building Safer Web3 Gaming Ecosystems was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story