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1. Ansem: The current market is similar to an “altcoin season,” but targets have shifted to equity assets; 2. A Polymarket official team member hinted that the POLY token may be launched soon; 3. WLFI countersued Justin Sun for defamation and has submitted relevant information; 4. OpenAI finalized a $10 billion joint venture agreement with a private equity giant; 5. Payward, the parent company of an exchange, sued custodian Etana: accused of misappropriating $25 million in funds and operating a “quasi-Ponzi” scheme; 6. Solana treasury company DeFiDevelopment launched a $200 million ATM financing plan; 7. HaunVentures completed a $1 billion fundraising for a new fund, which will expand into AI agents and crypto investments; 8. ZachXBT accused Tokenlon and imToken of involvement in fraud and illegal fund flows; 9. Bitmine's total Ethereum holdings increased to about 5.18 million, with an additional 101,745 ETH added last week; 10. Strategy paused Bitcoin accumulation last week and raised $82 million through an equity offering; 11. The US SEC delayed review of the first batch of prediction market ETFs, with more than 20 products still awaiting regulatory approval.

Asia is the most dependent on oil production and refineries in the Gulf region and will bear the brunt, with Europe likely to be affected soon after. He stated that the overall impact of the Strait of Hormuz being blocked "could be as severe as in the 1970s," when two major supply disruptions shook the global economy, leading to fuel rationing and long lines at gas stations. Although the United States is a net exporter of crude oil and will be less affected than other regions in the world, it will still inevitably feel these impacts.

On May 5, as conflicts in the Middle East continue and the Strait of Hormuz remains blocked, Goldman Sachs stated that global crude oil inventories are nearing an 8-year low, warning that the pace of inventory consumption is becoming a concerning issue. Goldman Sachs estimates that current global crude oil inventories are equivalent to 101 days of global demand, which may drop to 98 days by the end of May. Although it is unlikely that total global inventories will fall to minimum operational levels this summer, the rate of inventory consumption and supply losses in certain regions and products is alarming. The bank estimates that global commercial refined product inventories have decreased from 50 days of demand (DoD) before the U.S. and Israel's war with Iran to the current 45 days of demand, indicating that readily available refined product buffer inventories are rapidly approaching critically low levels. (Dongxin News Agency)