The three major indexes of the US stock market closed higher, with the P 500 index hitting a new high

According to Dune data, the market value of Chinese related tokenized stocks on BNB Chain has increased from 316000 US dollars to 9.3 million US dollars this year. （Cointelegraph）

The offshore Chinese yuan rose 116 points against the US dollar at the end of Thursday's trading in New York. On Friday's trading in New York (May 8th, UTC+8 04:59), it was at 6.8 yuan, with a intraday trading range of 6.8099-6.7955 yuan.

Tokenization and digital asset-infrastructure stocks climbed as SEC Chair Paul Atkins signaled support for onchain finance rules. What to know : Altcoins outperformed bitcoin, with ICP, NEAR and UNI leading gains across major tokens. Coinbase rebounded 10% from session lows after Thursday's earnings miss. SEC Chair Paul Atkins signaled support for rules around onchain trading and blockchain settlement infrastructure.

According to the Federal Reserve's Financial Stability Report, the risk of private credit redemptions is considered "limited and controllable" after some funds have recently restricted redemptions. The report states that fund outflows slightly exceeded inflows in the first quarter of 2026, but redemption requests remain controllable. The Federal Reserve warns that continued redemptions may reduce credit availability for high-risk borrowers. Private credit has grown rapidly since the 2008 financial crisis and has recently faced challenges due to record redemptions. The media reported that the Federal Reserve has inquired with banks about relevant risk exposures. Meanwhile, Trump regulatory agencies are seeking to relax rules for large lending institutions to help traditional lending institutions compete.

Bitwise states that BNY Mellon, Citi, DBS, Deutsche Bank, JPMorgan, Soci é t é G é n é rale, and UBS have extensive cryptocurrency exposure in the fields of trading, payments, ETFs, and tokenization. （Cointelegraph）