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Swiss Bitcoin Reserve Campaign Fails to Secure 100,000 Signatures

Switzerlands campaign to require the Swiss National Bank to hold Bitcoin as part of its official reserves is set to lapse after organisers failed to collect enough signatures for a national referendum.　　The campaign, known as the Bitcoin Initiative, sought to amend Article 99 of the Swiss Constitution so that the Swiss National Bank would hold Bitcoin alongside gold as part of its monetary reserves. Supporters argued that Bitcoin could strengthen Swiss financial sovereignty and give the country a politically neutral reserve asset outside the traditional dollar and euro system.　　Under Switzerlands federal popular initiative process, campaigners needed 100,000 valid signatures within 18 months to move the proposal toward a national vote. Organizers collected about 50,000 signatures, roughly half the required total, with only a few weeks left before the deadline.　　Founder Yves Bennaïm said the campaign would be allowed to lapse rather than pursue a final push. He said supporters had always viewed the effort as difficult because of the technical nature of the proposal and limited resources.　　SNB Keeps Bitcoin Outside Reserve Policy　　The Swiss National Bank has repeatedly rejected the idea of to official reserves. SNB Chair Martin Schlegel said in April that cryptocurrencies do not currently meet the central banks requirements

05-09

SoftBank Group Corp. (SFTBY) Stock Climbs Despite OpenAI Loan Reduction from $10B to $6B

SoftBank experienced upward momentum as the conglomerate downsized a proposed margin loan secured by OpenAI equity. The initial proposal sought approximately $10 billion in capital. Current negotiations have positioned the anticipated amount closer to $6 billion.　　This contraction reflects financial institution concerns regarding transaction framework and asset valuation. Since OpenAI operates as a private entity, creditors encounter difficulties when establishing share pricing. The organizations accelerated expansion complicates valuation confirmation through traditional public market mechanisms.　　SoftBank designed the margin loan to secure liquidity while maintaining OpenAI equity ownership. This approach would preserve the groups participation in potential future appreciation. However, it simultaneously elevates exposure if underlying collateral values deteriorate.　　Financial institutions resist private company valuation uncertainty　　SoftBank posted gains despite the loan reduction indicating more restrictive lending conditions. Banking institutions and alternative credit providers challenged the margin loans proposed magnitude. They simultaneously emphasized difficulties associated with appraising a non-public enterprise.　　Margin loans utilize pledged equity as security for borrowed capital. When collateral valuations decline, creditors may require additional guarantees. Consequently, OpenAIs private structure introduces substantial valuation complexity.　　SoftBank has attracted scrutiny due to the organizations strategic alignment with OpenAI. The conglomerate has simultaneously secured substantial financing for comprehensive technology investments. Moreover, the contracted margin loan provides context

05-09

No Entry Fee, Share $600,000! Zoomex Launches the World’s First Zero-Cost Trading Competition: Let Skill Be Your Only Asset

Today, Zoomex, one of the worlds leading cryptocurrency trading platforms, officially announced the launch of the “2026 Zero-Cost Trading Competition.” This competition not only features a prize pool of up to $600,000 but also, through its “zero-cost” model, completely eliminates financial barriers, extending an invitation to traders worldwide: This time, let skill be the only factor that matters.　　This competition not only provides participants with a professional trading experience at zero cost and zero risk but also embodies Zoomex‘s consistent core values—fairness, impartiality, and transparency. On the Zoomex platform, every user starts from the same starting line; rankings are not influenced by capital size, and all rankings are determined solely by trading strategies and execution, ensuring that every participant can personally verify the platform’s transparency and fairness.Zero-Cost Participation, Zero Risk　　Zoomex provides newly registered users with $100–$200 in bonus funds, allowing them to start the Individual Competition or Entertainment Challenge without making a deposit. Users can experience Zoomexs user-friendly trading interface and streamlined workflow in a risk-free environment, making it truly easy to get started.Large Prize Pool, Opportunities for EveryoneIndividual Competition: Total prize pool of $100,000 USDT, split among the top 10 participants based on rankings determined by return on investment (ROI)

05-09

Ethereum Bears Target $1,800 ETH Price: Here Is Why

Ethers ($ETH) price has retraced by over 5.6% to $2,275 after being rejected by resistance at $2,400. Now, multiple data points suggest $ETH/USD may drop below $2,000.　　Key takeaways:Low network activity signals declining usage and reduced onchain demand for $ETH.Coinbase Premium remains negative as spot Ethereum ETF outflows returned, reflecting strong US-driven sell pressure.Ethers falling wedge pattern targets $1,830.　　Ethers total value locked hits 12-month lows　　Ethereums network fundamentals are weakening, with weekly average transactions dropping by 10% to 4.79 million, per data from Nansen. Active addresses dropped by 8% to 2.5 million over the same period.　　Related: Three reasons why Ether price rallies fizzle near $2.4K　　Network fees also dropped by approximately 27%, leading to a 47% reduction in onchain revenue over the last seven days.　　Blockchain comparison: Daily transactions, active addresses and network fees. Source: Nansen　　Additional data from DefiLlama shows that the weekly DEX volumes dropped to $1.64 billion on May 8, a 46% drop over the last three weeks.　　Low transaction count, a drop in active addresses and declining DEX volumes reflect reduced ecosystem usage. As a result, the total value locked (TVL) in Ethereums DeFi protocols has dropped to $124.7 billion, levels last seen in May 2025.　　Total value locked on Ethereum. Source: DefiLlama　　This

05-09

Jobs Report Today: US Economy Added 115,000 Jobs in April

Brisk hiring returned to the spotlight Friday after the US economy added 115,000 jobs in April, far above economist expectations of 65,000, while the unemployment rate held steady at 4.3% as of writing. The stronger-than-expected report helped calm fears of a rapid slowdown in the labor market and boosted confidence that economic activity remains stable despite ongoing concerns around growth and inflation.　　The latest data from the Labor Department also revised March payroll growth higher to 185,000 jobs from the previously reported 178,000. Meanwhile, February figures moved sharply lower, showing a loss of 156,000 jobs. Even with the mixed revisions, investors focused on the broader trend: hiring remains resilient.　　Labor Market Shows Signs Of Stability　　For months, economists searched for proof that the labor market could regain momentum after a sluggish stretch throughout much of 2025. Aprils report offered exactly that.　　Healthcare and social assistance once again powered hiring growth, adding nearly 54,000 jobs during the month. Transportation and warehousing also posted strong gains, with more than 30,000 new positions created, especially among couriers and delivery-related businesses.　　Why does that matter？ Because those sectors often reflect broader consumer demand and economic activity. Stronger hiring in logistics suggests businesses still expect steady spending patterns ahead.　　Private payroll

05-09

IMF Warns AI Cyberattacks Threaten Global Finance

IMF warns AI-driven cyberattacks could threaten global financial stability and payments.Financial firms are deploying AI tools to detect threats and speed up cyber defenses.Anthropic restricted Claude Mythos after tests exposed advanced software hacking abilities.　　The International Monetary Fund (IMF) has warned that artificial intelligence is accelerating cybersecurity risks across the global financial system, lowering the technical barriers required to launch sophisticated cyberattacks against banks, payment systems, and critical financial infrastructure.　　In a report, the IMF said AI-powered threats could enable even less-skilled attackers to carry out disruptive operations that affect markets, disrupt payment networks, and weaken confidence in financial institutions across multiple countries.　　According to the IMF, the growing use of AI tools in cyber operations could transform isolated security breaches into broader financial stability concerns if regulators and institutions fail to strengthen resilience measures. The organization stated that authorities should no longer treat cybersecurity as only a technical or operational matter, but instead as a core issue tied directly to financial stability and systemic risk.　　IMF Highlights Cross-Border Financial Risks　　The IMF said the interconnected nature of the global financial system increases the potential impact of AI-assisted cyber incidents. The organization noted that cyber threats can spread across borders, especially when financial institutions, infrastructure

05-09

Paramore Marks A Return To The Charts After Missing No. 1 Last Week

The United Kingdoms Official Rock and Metal Albums chart only features 40 spaces, but more often than not, there are a handful of acts that fill multiple rungs at the same time. The tally focuses on the bestselling EPs and full-lengths that can be classified using phrases like rock, hard rock, and metal, though which groups and singers fit perfectly under those labels seems to be up for interpretation by the .　　Last week, the tally was packed with Record Store Day-related offerings, many of which have disappeared. This time around, a number of popular projects surge back onto the list, with a handful of artists seeing multiple collections rebound.　　Paramore is one such top seller. Two of the Grammy-winning bands albums reappear, while one which benefited immensely from Record Store Day vanishes after almost commanding the ranking.　　Paramores and Return　　Two Paramore classics, and , find their way back to the Official Rock and Metal Albums chart this week. The first of those two reenters at No. 29, while lands in second-to-last place, and 10 spaces beneath as it reenters at No. 39.　　Paramores And Both Reached No. 1　　Since first appearing on the Official Rock and Metal Albums chart nearly 20 years ago, when

05-09

SoftBank cuts OpenAI-backed loan target to $6B as lenders balk at valuation

SoftBank has cut a planned OpenAI‑backed margin loan from around $10 billion to roughly $6 billion after banks and private credit funds pushed back on the deals structure and the difficulty of valuing OpenAI, an unlisted AI unicorn.SoftBank Group is shrinking a planned margin loan backed by its OpenAI stake from about $10 billion to roughly $6 billion after lenders pushed back.Banks and private credit funds have raised concerns over how to value OpenAI, an unlisted company, and about the structure of the deal.The two‑year loan, extendable by one year, was meant to fuel SoftBanks next wave of AI investments without selling down its OpenAI equity.　　SoftBank Group is scaling back an ambitious financing plan that would have raised around $10 billion using its OpenAI shares as collateral, after lenders balked at both the structure of the margin loan and the private valuation underpinning the deal.　　According to Bloomberg, cited by Reuters and other outlets, SoftBank and its arranging banks have floated a reduced target “as low as $6 billion” in recent discussions with prospective lenders, implying a 40% cut from the original size. U.S. News reported that the initial pitch “had investors concerned about the difficulty of reaching a valuation for

05-09

What To Know About Trump’s Latest Tariffs Being Struck Down

A federal trade court has struck down President Donald Trump‘s latest Section 122 tariffs, halting the 10% levy on most imports and opening the door to another round of refund claims for U.S. companies. The ruling comes just weeks after the Supreme Court invalidated Trump’s earlier use of the International Emergency Economic Powers Act of 1977 to impose sweeping global tariffs.　　Following that decision, Trump turned to the seldom-used Section 122 to issue a new 10% tariff on most imported goods. But with this latest setback, uncertainty has grown over what future tariffs may look like and how far the administration can go in imposing them without congressional approval. Despite the legal defeats, Trump has remained steadfast in seeking new avenues to apply tariffs on goods entering the U.S.　　Trumps Tariff Strategy, Revisited　　Early in his second term as President, Trump invoked the IEEPA to impose sweeping tariffs on Canada, Mexico and China. A couple of months later, on “Liberation Day,” Trump used the same law to impose a 10% tariff on most goods imported globally, as well as tariffs on specific countries labeled as reciprocal tariffs.　　However, one key issue with these tariffs kept surfacing — the U.S. Constitution assigns tariff authority to

05-09

MLB Best Home Run Bets For May 8, 2026—Kurtz And Baldwin

Monday‘s MLB best home run bets were two duds, as neither Liam Hicks nor Moises Ballesteros hit a homer. As a result, the best home run bets sit at a line of 7-23, with two no bets for players who didn’t start.　　After entering Monday night with a $1,000 in profit for the readers and gamblers who wagered $100 on each of the touted home run props at the listed odds, the season‘s profits dipped to $800 with the losing wagers. Still, the best home run bets are running well this year, and the following two players offer compelling odds and an opportunity to add to the season’s profits and fend off the inevitable losing picks that will eat into the profits.　　MLB Best Home Run BetsNick Kurtz (Athletics – 1B)　　Over 0.5 Home Runs (+350) at theScore Bet　　After hitting 36 home runs in 489 plate appearances for the Athletics as a rookie in 2025, Nick Kurtz‘s five homers through 167 plate appearances this year have been a disappointment. Fortunately, Kurtz’s underlying data is still outstanding, and the home runs should come more frequently if he continues to crush the baseball.　　Among 274 qualified batters this year, Kurtz is tied for 60th in barrels

05-09

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