Daily recap — May 8

Lead stories

Tether froze around $515,000,000 in USDT over the past month, adding 371 addresses to its blacklist.

ZachXBT has come under growing criticism on Twitter — many now believe he is no longer just an on-chain detective, but someone with enormous influence over the market.

Coinbase reported a record 8.6% market share and quarterly trading volume of $202 billion, though the picture is far from perfect — in Q1 2026, the company’s revenue fell 31% to $1.41 billion, while net losses reached $394 million.

A new meme token, PEPEK, is preparing to launch on the TON network — the team will hold a short presale on May 10, while holders are promised Plush Pepe distributions and other activities.

The U.S. government transferred cryptocurrency seized from a cocaine money-laundering case to Coinbase.

Revolut decided to test the nerves of crypto users.

South Korea will tighten control over overseas crypto transfers — crypto exchanges, custody services, and other industry companies will come under direct supervision of the Ministry of Finance.

Amazon introduced AgentCore Payments — a tool that will allow AI agents to independently pay for APIs, web content, MCP servers, and services from other agents.

Claude has started blocking accounts of users from Russia — cited reasons include VPN usage, “gray-area” payment schemes, and stricter verification measures by Anthropic.

Square (founded by Jack Dorsey) reported that more than 800,000 merchants already accept BTC payments.

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