<div id="readability-page-1" class="page"><div><div><h2>Headline</h2>▌Coinbase Launches Gold and Silver Perpetual Contracts Outside the USOn May 6th, Coinbase announced the launch of gold and silver perpetual contracts, opening trading to eligible non-US users. GOLD-PERP corresponds to 1 troy ounce of spot gold, and SILVER-PERP corresponds to 1 troy ounce of spot silver, both settled in USDC, supporting 24/7 trading, and offering up to 25x leverage.▌Trump Says Iran War &#34;Very Likely to End,&#34; Both Sides Close to AgreementOn May 6th, US President Trump stated in an interview that the Iran war &#34;very likely to end,&#34; and that the US and Iran are close to reaching an agreement, but uncertainty remains. Trump stated that the agreement might include Iran shipping its highly enriched uranium to the United States, and indicated that it was unlikely he would send Witkov and Kushner to participate in the negotiations. Trump also warned that if the negotiations failed, the United States might resume a more intensive military strike against Iran. (CCTV News) Market Data As of press time, according to CoinGecko data: BTC price is $81,355.07, a 24-hour change of +0.5%; ETH price is $2,348.55, a 24-hour change of -0.5%; BNB price is $647.35, a 24-hour change of +2.7%. SOL price is $89.09, a 24-hour change of +3.2%; DOGE price is $0.1123, a 24-hour change of -1.9%; XRP price is $1.42, a 24-hour change of +0.9%; TRX price is $0.3466, a 24-hour change of... WLFI price is $0.06661, up +1.5% in 24 hours; HYPE price is $43.03, down -1.5% in 24 hours. <hr/><h2>Policy</h2>▌US and Iran to finalize 14-point framework memorandum; negotiations may resume as early as next week in IslamabadOn May 6, according to the Wall Street Journal, sources familiar with the matter said that Iran and the United States are working through mediators to finalize a one-page memorandum of understanding containing 14 points, establishing a framework for a month-long negotiation aimed at ending the war. These key points of discussion will be the core content of the next round of negotiations, which may resume as early as next week in Islamabad. Sources also said that Iran has expressed its willingness to discuss its nuclear program, a softening of its previous stance. Issues such as the duration of Iran's suspension of uranium enrichment activities, whether highly enriched uranium will be moved out of the country, and Iran's insistence on retaining a permanent supervisory role in the Strait of Hormuz remain unresolved and are expected to complicate the final negotiations. In addition, the timing and scope of sanctions lifting may also be a factor hindering the negotiations.<hr/><h2>Blockchain Applications</h2>▌AI Coding Company Blitzy Raises $200 Million, Jump Capital and Others ParticipateBlitzy, an AI coding company co-founded by former Nvidia architect Sid Pardeshi, announced the completion of a $200 million funding round, led by Northzone, with participation from Battery Ventures, Jump Capital, and crypto investment firm Morgan Creek Digital, among others. It is understood that the Blitzy platform can parse complex systems with over 100 million lines of code and execute development, testing, and verification tasks in parallel through thousands of AI agents. This model is considered an important application of agentic AI in the development field. The new funds will be used to expand R&amp;D and market development, focusing on serving highly regulated industries such as finance.Blockchain Applications▌AI Coding Company Blitzy Raises $200 Million, Jump Capital and Others Participate▌Crypto company OpenTrade raises $17 million in strategic funding, with a16z Crypto participatingBritish crypto company OpenTrade announced the completion of a $17 million strategic funding round, led by Mercury Fund and Notion Capital, with participation from a16z Crypto and others. The company focuses on building institutional-grade on-chain and real-world asset (RWA)-backed lending and stablecoin yield infrastructure. Its total value locked (TVL) has now exceeded $200 million, and its total funding to date has exceeded $30 million.▌Nvidia's market capitalization returns to $5 trillionOn May 6th, Nvidia's stock price rose 4.58% to $205.50 per share, bringing its total market capitalization to $5 trillion.▌SpaceX Proposes $55 Billion Investment in Terafab Project in TexasOn May 6th, according to market news, Elon Musk's SpaceX plans to invest $55 billion in its Terafab Gigafactory in Texas. Elon Musk's SpaceX has proposed investing $55 billion to start construction on a new semiconductor manufacturing facility called Terafab in Texas. According to an announcement on the Grimes County website, if the subsequent phases of the project are completed, the total investment is expected to rise to $119 billion. (Dongxin News Agency) On May 6th, Morgan Stanley is piloting a cryptocurrency trading service on its E*Trade platform, charging 50 basis points per transaction, lower than major competitors such as Coinbase, Robinhood, and Charles Schwab. E*Trade's approximately 8.6 million clients are expected to all receive this feature by the end of the year. The report points out that Morgan Stanley has been continuously investing in the crypto space over the past year, launching the lowest-fee Bitcoin ETF, planning to launch Ether and Solana ETFs, and applying for a national trust bank license to provide digital asset custody. It will also support institutional clients trading tokenized stocks in the future. ▌Kraken Launches Regulated Crypto Spot Margin Trading in the USOn May 6th, Kraken launched CFTC-regulated cryptocurrency spot margin trading services to US retail users, days after its parent company acquired the Bitnomial derivatives platform. Such products had previously been largely unavailable to US retail users, forcing them to turn to offshore platforms. Kraken stated that users can use their crypto assets as collateral for leveraged trading up to 10x without having to sell them. This launch follows Monday's announcement that Kraken's parent company, Payward, had completed its acquisition of Bitnomial, a Chicago-based cryptocurrency derivatives exchange holding CFTC-issued broker, contract broker, and clearing licenses. Payward stated that the acquisition will finally enable it to offer regulated spot margin, perpetual futures, and options products to US users. ... This move also strengthens Kraken's position in regulated derivatives infrastructure, preparing for a potential public listing. Payward filed a confidential draft S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) in November. The trading platform has also been expanding its institutional and derivatives business in the UK and Europe since its $1.5 billion acquisition of NinjaTrader in March 2025. On May 7th, when asked when Bitcoin might reach $1 million, Matthew Sigel, head of digital asset research at VanEck, told CNBC that it could happen within five years. &#34;I think it's possible within five years,&#34; Sigel said in an interview Wednesday. “You see this when you look at demographic trends and the willingness of young investors to allocate Bitcoin.” Last month, Bitwise Chief Investment Officer Matt Hougan also stated that Bitcoin's price could reach $1 million, and on Wednesday, Eric, son of US President Donald Trump, also stated that Bitcoin would exceed $1 million. In 2024, VanEck CEO Jan Van Eck told CNBC that Bitcoin's price could reach $300,000. According to MLM monitoring, Garrett Jin, an agent of the “1011 insider whale,” deposited 166,000 ETH into Binance after two months of silence, worth approximately $395 million. ▌Hut 8 Signs Lease Contract Worth at Least $9.8 BillionMay 6th news: Cryptocurrency mining company Hut 8 is shifting its focus to developing artificial intelligence data center capacity. Its stock price surged 30% in pre-market trading after signing a lease contract worth at least $9.8 billion.<hr/><h2>Important Economic Developments</h2>▌Fed's Goolsby: Rate Hike Possible if Productivity Growth Meets ExpectationsMay 7th: Federal Reserve's Goolsby stated that if households expect future income growth and wealth gains from higher productivity, they are likely to increase spending, thus pushing up inflation. He also indicated that if productivity growth exceeds expectations, interest rates may be lowered; if productivity growth meets expectations, interest rates may be raised.▌Pakistani Source: US-Iran Talks Seem to Show HopeOn May 6, a reputable Pakistani source stated that the negotiations between the US and Iran through Pakistan seem to have shown hope, and &#34;the low-key negotiations are expected to translate into tangible results.&#34; (Xinhua)▌Market News: Iran to Begin Reopening the Strait of Hormuz, US Lifts BlockadeOn May 6, according to market news, the US proposal indicates that Iran has pledged to suspend its nuclear enrichment activities. Iran will begin reopening the Strait of Hormuz, and the US has lifted its blockade. A comprehensive nuclear agreement with Iran will be negotiated later. (Jinshi) Jinshi Finance reported on May 6th that US ADP employment increased by 109,000 in April, exceeding the expected 99,000 and the previous value of 62,000. According to CME's &#34;FedWatch&#34; on May 7th, the probability of the Fed maintaining interest rates unchanged in June is 93.5%, and the probability of a cumulative rate cut of 25 basis points is 6.5%. The probability of the Fed maintaining interest rates unchanged in July is 86.5%, the probability of a cumulative rate cut of 25 basis points is 13.0%, and the probability of a cumulative rate cut of 50 basis points is 0.5%. <hr/><h2>Golden Encyclopedia</h2>▌Can Bitcoin Still Be Called &#34;Digital Gold&#34; During Geopolitical Crises?Every geopolitical crisis causes gold prices to rise while Bitcoin prices plummet. After six tests, the claim of &#34;digital gold&#34; has never been supported by data. Countries hoard gold but exclude Bitcoin from their reserves. For investors, Bitcoin exhibits asymmetry: it falls with stocks but does not rise with them. Three structural asymmetries prevent Bitcoin from achieving safe-haven status: an oversupply of derivatives (market structure), the dominance of leveraged traders (participant composition), and a lack of repeatable behavioral records (behavioral accumulation).Bitcoin is not a safe-haven asset, but it is a &#34;crisis-useful asset,&#34; which can indeed function when borders are closed and banks fail. If these three asymmetries are reduced, Bitcoin may no longer be a replica of gold but rather a completely new &#34;next-generation gold.&#34;Generational shifts and the widespread application of algorithms are key factors that could accelerate this process.</div></div></div>

Vance says the US and Iran are 'very close' to signing an MOU — covering a 60-day ceasefire extension, reopening of the Strait of Hormuz, and the launch of nuclear talks — adding that Iran has been authorized to sign. Tehran, however, denied making any commitments on the nuclear front. Brent crude is hovering near $97, caught between deal optimism and conflicting narratives from both sides. Do you think a deal gets sealed this time, or did talks break down with renewed conflict on the horizon?

Vance says the US and Iran are 'very close' to signing an MOU — covering a 60-day ceasefire extension, reopening of the Strait of Hormuz, and the launch of nuclear talks — adding that Iran has been authorized to sign. Tehran, however, denied making any commitments on the nuclear front. Brent crude is hovering near $97, caught between deal optimism and conflicting narratives from both sides. Do you think a deal gets sealed this time, or did talks break down with renewed conflict on the horizon?

U.S.-Iran Standoff: On the Verge of a Deal or Back to Square One?

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Coinbase has launched gold and silver perpetual contracts for eligible non-US users, allowing 24/7 trading with up to 25x leverage. Meanwhile, President Trump indicated that the US and Iran are close to an agreement to end the Iran war, with negotiations potentially resuming next week. Additionally, Nvidia's market cap has reached $5 trillion, and SpaceX plans a $55 billion investment in a semiconductor facility in Texas. Morgan Stanley is also piloting a cryptocurrency trading service on its E*Trade platform.

- Coinbase launched gold and silver perpetual contracts for eligible non-US users, allowing 24/7 trading with leverage of up to 25x.  
- US President Trump indicated a likely end to the Iran war with a potential agreement involving uranium transport, while negotiations remain uncertain and critical issues about sanctions persist.  
- Hut 8 signed a $9.8 billion lease contract to shift its focus to AI data centers, highlighting the evolving landscape of technology investment amidst economic developments.

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Coinbase launches perpetual gold and silver contracts; Trump says US-Iran agreement is in progress.