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Glonghui, May 7 | Asian stocks soared to record highs on Thursday as traders remained optimistic about the prospect of a Middle East peace agreement, despite the unresolved situation in the Strait of Hormuz. Kyle Rodda, Senior Financial Analyst at Capital.com, said Thursday’s market moves were justified, as reaching a deal would be a significant breakthrough. “However, we've seen this before—the market can quickly be hit by unexpected changes. Ultimately, as long as negotiations continue to make progress, Asian markets will likely keep rising.”

Foresight News reports, according to SoSoValue data, the crypto market sectors showed a mixed performance. The SocialFi sector performed notably well, rising by 22.04% over the past 24 hours, with Toncoin (TON) surging by 25.18% within the sector. In addition, Bitcoin (BTC) dropped by 0.17%, remaining above 81,000 USD, while Ethereum (ETH) decreased by 1.61%, fluctuating within a narrow range around 2,300 USD. Other top-performing sectors included: the AI sector, which rose by 3.44% in 24 hours, with Billions Network (BILL) up 74.30%; the RWA sector rose by 2.83%, with the newly listed KAIO (KAIO) skyrocketing by 6,681.80% yesterday. As for other sectors, the Layer1 sector gained 1.99%, with Zcash (ZEC) up 5.58%; the CeFi sector rose by 1.22%, with Bitget Token (BGB) climbing 6.37%; the Layer2 sector increased by 1.21%, with Optimism (OP) advancing 6.33%; and the PayFi sector grew by 0.10%, with Dash (DASH) jumping 6.39%. Meanwhile, the DeFi sector fell by 0.20%, but EdgeX (EDGE) gained 9.29%; the Meme sector declined by 0.93%, but Siren (SIREN) remained relatively strong, up 9.84%. According to the crypto sector indices reflecting historical market performance, the ssiSocialFi, ssiAI, and ssiDePIN indices rose by 23.45%, 2.81%, and 2.72% respectively.

According to ChainCatcher, Hyperinsight monitoring shows that in the past hour, the 0xa44 starting address on the Hyperliquid platform opened a 40x leveraged long position with 394.6 BTC, amounting to approximately 31.94 million USD. The average entry price was 81,059 USD, with a liquidation price at 62,069 USD.