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BNY to Launch Institutional Bitcoin, Ethereum Custody for Investors in UAE

BNY has partnered with Abu Dhabi-based Finstreet and ADI Foundation to develop institutional digital asset custody services for clients in the United Arab Emirates.　　The initial focus is on Bitcoin and Ether custody for Finstreet‘s existing clients, with plans to later extend to ADI Foundation’s blockchain infrastructure, the worlds largest custodian said in a Thursday announcement. The companies said they intend to expand the product scope to include stablecoins, tokenized real-world assets and other regulated digital instruments, though no timeline was given.　　“BNY is uniquely positioned to connect traditional and digital financial ecosystems,” Hani Kablawi, executive vice chair at BNY, said. BNY claimed it is the first US global systemically important bank to offer digital asset custody.　　The three firms will offer digital asset custody services from the Abu Dhabi Global Market (ADGM), an international financial center and free zone on Al Maryah Island. The initiative remains subject to definitive agreements and regulatory approvals, according to BNY.　　UAE stablecoin infrastructure expands　　Finstreet is a subsidiary of Sirius International Holding, which is backed by UAE conglomerate IHC. IHC recently joined other institutions in launching DDSC, a dirham-backed stablecoin regulated by the UAE central bank. The stablecoin operates on ADI Chain, an institutional layer-2 blockchain developed by

05-08

JaredFromSubway.eth sandwich attacked Vitalik Buterin

MEV-focused extraction bot JaredFromSubway.eth front- and back-ran an Ethereum trade by Vitalik Buterin, getting away with about two-thousandths of an ether (ETH).　　Ethereum founder Buterin was selling a token airdrop, DigitalBits, when he fell victim to the garden-variety sandwich attack.　　The name “JaredFromSubway” refers to Jared Fogle who lost nearly 250 pounds while earning a TV sponsorship from Subway. After his weight loss fame faded, however, the world learned of Fogles sexual misconduct involving minors, including a criminal conviction.　　He remains imprisoned with an expected release date of 2029.　　Crypto, of course, has a dark sense of humor, and despite his legal troubles, someone decided to name a maximum extractable value (MEV)-focused extraction bot after him. Fogle, who has limited internet access in prison, doesnt control the bot.　　The trader bearing an ENS name with Fogle‘s brand extracted value from Buterin’s transaction inside Ethereum block 24993038.　　Another sandwich attack by JaredFromSubway.eth　　Buterin routed 26,544 DigitalBits (XDB) tokens through the Uniswap V2 router with his slippage parameter amountOutMin set to zero. That setting accepted any non-zero output.　　Buterin received 0.00197 ETH, worth a little under $5 at the time.　　JaredFromSubway.eth, watching the public mempool, noticed Buterins unprotected swap and inserted itself onto both sides of his transaction.　　In the position immediately

05-08

Ethereum Price Analysis: Failure at $2.4K Spells More Trouble Ahead for ETH

Ethereum　　Ethereum Price Analysis: Failure at $2.4K Spells More Trouble Ahead for ETH　　16 minutes ago　　Bitcoin Ethereum News　　;　　}　　function loadTrinityPlayer(targetWrapper, theme,extras=“”) {　　cleanupPlayer(targetWrapper); // Always clean first ✅　　targetWrapper.classList.add(‘played’);　　// Create script　　const scriptEl = document.createElement(“script”);　　scriptEl.setAttribute(“fetchpriority”, “high”);　　scriptEl.setAttribute(“charset”, “UTF-8”);　　const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/？themeAppearance=${theme}${extras}`);　　scriptURL.searchParams.set(“pageURL”, window.location.href1);　　scriptEl.src = scriptURL.toString();　　// Insert player　　const placeholder = targetWrapper.querySelector(“.add-before-this”);　　placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);　　}　　function getTheme() {　　return document.body.classList.contains(“dark”) ？ “dark” : “light”;　　}　　// Initial Load for Desktop　　if (window.innerWidth 768) {　　const desktopBtn = document.getElementById(“desktopPlayBtn”);　　if (desktopBtn) {　　desktopBtn.addEventListener(“click”, function () {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),　　});　　}　　}　　// Mobile Button Click　　const mobileBtn = document.getElementById(“mobilePlayBtn”);　　if (mobileBtn) {　　mobileBtn.addEventListener(“click”, function () {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),　　});　　}　　function reInitButton(container,html){　　container.innerHTML = + html;　　}　　// Theme switcher　　const destroyButton = document.getElementById(“checkbox”);　　if (destroyButton) {　　destroyButton.addEventListener(“click”, () = {　　setTimeout(() = {　　const theme = getTheme();　　if (window.innerWidth 768) {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if(desktopWrapper.classList.contains(‘played’)){　　loadTrinityPlayer(desktopWrapper, theme,　　}else{　　reInitButton(desktopWrapper,‘’)　　const desktopBtn = document.getElementById(“desktopPlayBtn”);　　if (desktopBtn) {　　desktopBtn.addEventListener(“click”, function () {　　const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);　　if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,‘　　});　　}　　}　　} else {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if(mobileWrapper.classList.contains(‘played’)){　　loadTrinityPlayer(mobileWrapper, theme,　　}else{　　const mobileBtn = document.getElementById(“mobilePlayBtn”);　　if (mobileBtn) {　　mobileBtn.addEventListener(“click”, function () {　　const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);　　if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,　　});　　}　　}　　}　　}, 100);　　});　　}　　})();　　Ethereum continues to trade within a broader consolidation structure as the market struggles to establish sustained bullish momentum. Nevertheless, weakening momentum indicators and growing signs of seller activity suggest that the market could be preparing for another corrective move in the short term.　　Ethereum Price Analysis: The Daily Chart　　On the daily timeframe, ETH is

05-08

Crypto News: BNY Mellon⁠ Brings Bitcoin, Ethereum Custody to Abu Dhabi

With this partnership, the financial giant intends to develop a regulated digital asset infrastructure in Abu Dhabi. The initiative plans to operate through Abu Dhabi Global Market (ADGM). ADGM is the emirates financial free zone that has quickly become a leading destination for crypto companies and blockchain projects entering the Middle East.　　Commenting on the crypto news, BNYs Hani Kablawi noted, “The UAE is entering a new phase of financial development, characterized by deeper markets, greater digital sophistication and stronger global connectivity.” He added that the move intends to “connect traditional and digital financial ecosystems.”　　Begins with BTC and ETH, Expands to Stablecoins and Tokenization　　As per the crypto news, BNY Mellons digital asset initiative in Abu Dhabi will begin with Bitcoin crypto and Ethereum. This means the bank will initially provide custody services for major cryptocurrencies such as BTC and ETH. Thus, institutional clients can securely store and manage their cryptos through a regulated infrastructure backed by BNY Mellon and its local partners.　　Interestingly, the bank also revealed that it plans to gradually expand the offering beyond cryptocurrencies. It aims to expand into areas like stablecoins and tokenized assets. This reflects the growing demand for blockchain-based financial products.　　The plan comes as more institutions

05-08

Tech optimism bolsters risk appetite

Tech　　Tech optimism bolsters risk appetite　　Optimism over tech earnings continues to lift US markets, while bitcoins recovery goes on, says Chris Beauchamp, Chief Market Analyst at online trading and investing platform IG.　　US and Europe diverge in quiet trading　　While the tech-driven surge has continued, we are once again seeing a divergence between the US and everyone else. Earnings from AMD and TSMC have reinforced the narrative on AI demand, but for Europe that offers less comfort given the smaller weighting of tech across the continent. Faced with ongoing supply disruptions, the US outlook continues to look rosier than that in Europe.　　Bitcoin holds above $80K　　Bitcoins recovery continues to fly under the radar, but this sustained bounce from the February lows marks a distinct change in tone for the cryptocurrency. Inflows are providing much-needed support, while the broader risk-on tone for markets has meant that bitcoin stands a much stronger chance of mounting a push back to $90K.

05-08

Papa John’s (PZZA) Stock Plummets Nearly 5% Following Disappointing Q1 Results

Papa Johns International, Inc., PZZA　　Bottom-line results showed net income of $7 million, down from $9 million in the comparable period last year. Adjusted EBITDA totaled $48 million, representing a decrease from the prior years $50 million.　　CEO Todd Penegor attributed the soft performance to consumers grappling with persistent inflation. He noted that customers are opting for smaller pizza sizes while eliminating side items and desserts from their orders, pressuring average transaction values.　　Domestic Market Weakness Contrasts with International Strength　　Comparable sales in North America declined 6.4% during the quarter. Penegor indicated this figure aligned with the companys internal projections.　　Meanwhile, international operations delivered stronger performance. Markets outside North America recorded a 3.6% increase in comparable sales, representing the sixth consecutive quarter of positive international growth.　　Global system-wide restaurant sales totaled $1.20 billion, down 3% compared to the same period last year.　　The company added 28 new locations during the quarter — 8 domestically and 20 in international territories.　　A portion of the domestic revenue contraction stemmed from strategic refranchising efforts. Papa Johns refranchised 85 locations in the fourth quarter of 2025, which eliminated approximately $25 million from company-operated restaurant revenue in North America.　　Transformation Strategy Continues　　Papa Johns is actively executing a comprehensive restructuring initiative. The plan includes shuttering

05-08

Amazon Teams With Coinbase and Stripe to Let AI Agents Pay With Stablecoins

In briefAmazon Web Services launched AgentCore Payments with Coinbase and Stripe for AI agent transactions.The system uses Coinbases x402 protocol and USDC stablecoin payments on Base and Solana.Amazon says future AI agents could autonomously buy services, data, flights, and hotel bookings.　　Amazon Web Services is bringing crypto payments into enterprise AI software as tech companies race to build autonomous AI agents capable of completing tasks and making transactions online.　　On Thursday, AWS announced Amazon Bedrock AgentCore Payments, a system developed with Coinbase and Stripe that allows AI agents to use stablecoins to automatically pay for APIs, data feeds, web content, and other online services during task execution. The launch brings stablecoin-based micropayments directly into AWSs AI agent platform, aiming to eliminate the need for developers to build custom billing systems for each service integration.　　According to Preethi CN, director of AgentCore, the platform uses Coinbases x402 protocol, an open standard based on the HTTP 402 “Payment Required” response code, along with Coinbase wallet infrastructure and Stripe-owned Privy wallet technology.　　“AgentCore is designed to work with any framework and any protocol. We‘ve carried that same flexibility into Amazon Bedrock AgentCore Payments. Developers don’t have to track the evolving payment protocol landscape or lock into a

05-08

21shares Launches First US Canton Network ETF on Nasdaq

Tech　　21shares Launches First US Canton Network ETF on Nasdaq　　21shares announced on May 7 the launch of the 21shares Canton Network ETF (Nasdaq: TCAN), marking the first U.S. exchange-traded fund (ETF) offering direct exposure to Canton Coin. The product debuted on Nasdaq with a 0.50% gross expense ratio and aims to provide regulated access to the Canton Network ecosystem through a traditional investment vehicle.　　Built for institutional finance, the Canton Network operates as a privacy-enabled ecosystem designed to synchronize financial data and tokenized assets across firms. Major organizations, including Goldman Sachs, Microsoft, and Deutsche Bank, have participated in testing activities or governance functions tied to the network. A post from Canton Network on X stated: “The first U.S. ETF offering direct exposure to Canton is now listed on Nasdaq.” The asset manager launched TCAN through 21shares US LLC while also maintaining validator responsibilities within the ecosystem. The firm said:　　“The fund is the first U.S. ETF designed to offer investors direct exposure to the Canton Coin, the native utility token of the Canton Network.”　　Beyond providing token exposure, the investment management firm maintains a direct operational role on the network. It participates as an active validator and contributes to the coordination of the Global

05-08

Here’s Why Cristiano Ronaldo and Taylor Swift Lost Millions of Followers on Instagram

Meta wiped millions of fake followers from the accounts of celebrities like Cristiano Ronaldo, BLACKPINK, and Taylor Swift this week as its AI moderation systems scaled up across Facebook and Instagram.　　The cleanup is part of a wider Meta push that introduced AI tools aimed at impersonation, scam ads, and coordinated inauthentic behavior on its apps.　　A Meta spokesperson shares statement regarding Instagrams removal of followers from some accounts:　　As part of our routine process to remove inactive accounts, some Instagram accounts may have noticed updates to their follower counts. Active followers remain unaffected, and any… pic.twitter.com/MGySH9LxAR　　— Pop Base (@PopBase) May 7, 2026　　The Great Purge of 2026 Hits Celebrities on Instagram　　Celebrities, including Kylie Jenner, Ariana Grande, Justin Bieber, Selena Gomez, Virat Kohli, and Priyanka Chopra, all saw their numbers drop, with some losing millions overnight.　　The wave followed Instagrams May 5 policy update and a new moderation system trained to spot fake engagement patterns and predict user age.　　K-pop and football accounts have long been favored grounds for bot farms inflating reach for crypto promotions, fake giveaways, and sneaker scams. A sweep of this size shows how deep automated activity had spread inside the platforms biggest profiles.　　Metas broader cleanup removed 10.9 million accounts tied to

05-08

Anthropic’s on-chain pre-IPO market value jumps to $1.2 trillion, overtakes OpenAI for the first time

Anthropics tokenized pre‑IPO shares now imply a $1.2T valuation—above OpenAI—showing how on‑chain markets are front‑running late‑stage AI pricing before any IPO.Anthropic‘s on-chain pre-IPO valuation has surged to around $1.2 trillion, making it the most richly valued private AI company and pushing it ahead of OpenAI’s implied secondary-market price for the first time.The move continues a stunning repricing of Anthropic on tokenized pre-IPO venues like Jupiters Prestocks and private-share platforms such as Forge Global and Hiive, where its implied value has climbed more than 700–900% since October 2025.The gap between Anthropics last official round at $380 billion and its current on-chain valuation underscores how aggressively crypto-native secondary markets are front-running a potential IPO and recasting the AI startup race as a two-horse contest it is now perceived to be winning over OpenAI.　　In February 2026, Anthropic closed a Series G round at a $380 billion post-money valuation, led by GIC and Coatue, already putting it in the ultra-elite tier of private tech firms. Since then, secondary trading has gone parabolic. On Forge Global, CEO Kelly Rodriques says Anthropic shares are now changing hands at prices that imply a valuation “around the $1 trillion threshold,” with OpenAI trading closer to $880 billion on

05-08

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