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Golden Ten Data, May 7 – According to the Financial Times, AI hyperscale cloud service providers have reported strong first-quarter results, but the performance of some companies has been largely boosted by a rather special item on their income statements: "other income." Alphabet recorded $37.7 billion in "other income" in just the first three months of this year, accounting for more than half its net profit for the same period. Microsoft reported $942 million in other income in the first three months of this year, with the item contributing a total of $7.2 billion over the past nine months. Oracle did not disclose any other income, while Meta reported a loss of $1.1 billion. "Other income" refers to gains and losses resulting from the valuation changes of these companies' large holdings in unlisted firms such as OpenAI and Anthropic. Alphabet is the largest investor in Anthropic, and Amazon is also one of its main investors. Goldman Sachs analysts wrote last week: "This quarter, the profit growth of hyperscale cloud providers has been exceptionally boosted by contributions from equity investments in unlisted companies. Alphabet and Amazon together recorded $53 billion in 'other income' in the first quarter of 2026, accounting for nearly 60% of the two companies' profits for the quarter, and 34% of the total profit of $155 billion among the big five hyperscale cloud providers for the quarter. This is the highest proportion in at least the past decade." This again indicates that the AI technology industry has now developed an almost absurd level of mutual dependence.

Foresight News report: Based Foundation announced that Season 3 has ended, and BASED tokens will be directly deposited into staking accounts without the need to claim them separately. If users signed the relevant terms during Genesis, BASED will be distributed to their accounts on May 11, 2026. If users have not signed, they must accept the terms by June 4, 2026, and the tokens will be distributed on June 7, 2026.

According to Odaily, Bitcoin briefly approached the key 200-day Simple Moving Average (SMA, around $83,300) on Wednesday but failed to make a decisive breakthrough and then fell back below $81,000. Meanwhile, the overall crypto market weakened, with the Smart Contract Platform Index falling more than 2% in the past 24 hours, making it the weakest performing major sector. The market generally considers the 200-day moving average as an important indicator for measuring long-term trends. If BTC can hold above this level, it would further reinforce the market narrative that “the bear market ended when it broke below $63,000 in February this year and a new bull market has begun.” However, a similar situation occurred in March 2022, when Bitcoin briefly broke through and tested the 200-day moving average but ultimately fell to around $20,000 in June that year, so some analysts are warning to be wary of the risk of a “false breakout.” Analysis firm Marex states that whether BTC can continue to rise depends on three key factors: whether spot funds continue to buy at higher prices, whether a certain exchange's supply continues to tighten, and whether the derivatives market remains healthy and not overheated. If these three factors act together, Bitcoin could quickly open the way to the $85,000 range. Chief market analyst Alex Kuptsikevich pointed out that this round of pullback looks more like a short-term consolidation during the rise rather than a trend reversal. However, he also noted that the daily RSI previously entered overbought territory, and similar situations in the past have been followed by obvious corrections. In addition, the 10-year US Treasury yield has dropped from a peak of 4.46% at the beginning of the month to 4.32%, which is seen as a potential positive factor for risk assets.