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The latest from LYNK. Launches, milestones, and updates across the ecosystem.
May 8: Federal Reserve Governor Milan said he still leans toward an early interest rate cut. (FXStreet)
May 8 — Per Onchain Lens monitoring, BlackRock has just deposited 1,224 BTC (≈$98.16 million) and 11,475 ETH (≈$26.27 million) into Coinbase, with potential for additional asset deposits.
Hong Kong’s Securities and Futures Commission (SFC) issued a warning on May 8, adding two unlicensed platforms—StableStock and HabitTrade—to its alert list, per official sources. The SFC noted that online videos are luring the public to use StableStock, which claims to let users…
Reuters reported on May 8 that the crypto advocacy group pushing to get the Swiss National Bank (SNB) to add Bitcoin to its reserves is expected to drop the effort—having failed to collect enough signatures to force a nationwide referendum. Swiss authorities had previously given…
May 8 Per official sources, Balcony—an AI and blockchain-powered land registry platform provider—announced today the completion of a $12.7 million seed funding round led by Blockchange Ventures. Built on the Avalanche blockchain and equipped with AI threat detection, the platfor…
Bloomberg reported on May 8 that a small pharmaceutical firm—even as it faced the risk of Nasdaq delisting—swiftly pivoted from celebrating a new cancer treatment patent to positioning itself as an AI company in just two months, a move that temporarily buoyed its stock price. Fo…
Per monitoring data from VisionOne AI , tech outlet The Information has reported that DeepSeek is targeting a fundraising round of up to ¥50 billion (Chinese yuan). The AI firm is set to release its V4 model update in June.
May 8 – Analyst Murphy noted that while the market is fixated on Bitcoin’s $60,000 price low, on-chain chip structure analysis suggests the crypto’s true bottom foundation may lie in the dense turnover zone around $66,000. Data shows ~440,000 BTC has accumulated in this area, wi…
On May 8, per LookOnChain monitoring data, a whale has taken long positions on multiple popular crypto tokens, with the following breakdown: - 3.08M NEAR (~$4.83M) - 75.55M STRK (~$4.3M) - 9,561 XMR (~$3.8M) - 1.28M TON (~$3.33M) - 14.86M AZTEC (~$357K) - 71.99M PUMP (~$147K)
On May 8th, U.S.-listed Bitcoin mining firm Cango released its April operational update. The company mined 230.04 BTC in the month, with an average all-in sustaining cost (AISC) of $68,061 per BTC. As of April 30, its Bitcoin reserves stood at 1,057.46 BTC. Its total operational…
May 8 — As Australia’s cryptocurrency regulation reforms officially take effect, the Australian Transaction Reports and Analysis Centre (AUSTRAC) announced today it has launched two regulatory actions targeting the virtual asset industry. AUSTRAC said in a social media post it i…
On May 8th, Bitget market data shows pre-market trading for crypto-related U.S. stocks was mixed. The storage sector rebounded in pre-market trading after yesterday’s decline, with the following moves: ### Crypto-Related Stocks - **Coinbase (COIN): Down 2.67%** The firm reported…
On May 8, Mantle token holders approved a credit line of up to 30,000 ETH (roughly $68 million) for Aave DAO via Proposal MIP-34. The move aims to address potential defaults stemming from the April rsETH exploit on Aave V3, with estimated default amounts ranging from $123.7 mill…
May 8th — Per DefiLlama data, the on-chain perpetual DEX (Perp DEX) market’s total trading volume has rebounded. Driven by sharp volatility in recent U.S. stock, commodity, and crypto markets, Hyperliquid’s open interest has continued climbing, hitting its highest level since mi…
China’s first homegrown dual-core atomic quantum computer has recently been unveiled, upgrading its quantum processor from single-core to dual-core and delivering key support for the country’s homegrown high-end computing capabilities, per monitoring from Dongcha Beating. Co-dev…
On May 8th, HyperInsight monitoring data reveals that within the past half hour, three addresses holding large BTC long positions on Hyperliquid simultaneously closed their positions. Collectively, they placed 776 BTC sell orders valued at approximately $62 million. The average…
On May 8th, EmberCN monitoring shows a suspected Arrington Capital-linked address transferred 100,000 COMP tokens (valued at $2.26 million) to Binance within the past 4 hours. Meanwhile, COMP has dropped 4% over the same 4-hour period and is currently trading at $22.
May 8th. Chloe, columnist for HTX DeepThink and analyst at HTX Research, notes the crypto market’s core driver is shifting from a narrow “rate-cut expectation trade” to a broader framework combining **jobs resilience, inflation pressure, and an uncertain rate path**. This Friday…
On May 8, Bithumb will list Pharo (PROS) with a KRW trading pair.
**Coinbase Outage Update: Core Services Restored After AWS Multi-AZ Disruption** Coinbase’s official support team issued a statement on May 8 regarding a service outage that impacted users overnight. Around 8 p.m. U.S. Eastern Time (ET) on May 7, the platform detected elevated e…
May 8 — Associated Press (AP) reports that investment firm Multi Investment has wrapped up a 480 million Swiss franc fundraising round and will speed up its diversified strategic expansion. The company intends to use the new capital to expand into new investment areas and busine…
May 8th Per monitoring data from HyperInsight, on-chain metrics show the largest whale holding ETH long positions—affiliated with digital financial services firm BIT (formerly Matrixport)—with a $224.7 million holding, has returned near its cost basis. The whale strategically al…
On May 8, stablecoin compliance infrastructure firm Coinbax won a $20,000 prize at the PitchFest pitch competition held during Consensus 2026 in Miami. Founded by former Jack Henry executive Peter Glyman, the company aims to help banks and financial institutions mitigate complia…
**US April Non-Farm Payrolls Data Release Tonight** May 8 – The U.S. April non-farm payrolls report is set to hit at 20:30 UTC+8 tonight. Economists forecast a 62,000 job gain—well below historical growth rates, but enough to keep the unemployment rate at a relatively low 4.3%.…
LYNK enters Colosseum's global Breakout Hackathon to build a Web3 super-app on Solana from the ground up.
The Lynk team heads to Solana Breakpoint in Abu Dhabi with a live prototype and ecosystem partnership goals.
The migration is complete. LYNK moves from meme roots to a native token on Raydium and unlocks utility.
