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Glonghui, May 8th | Gilead Sciences announced that its first-quarter revenue increased by 4% year-on-year to $6.96 billion, exceeding the market expectation of $6.91 billion; adjusted earnings per share were $2.03, also surpassing the market expectation of $1.91. During the period, sales of the HIV treatment drug Biktarvy grew by 7% to $3.36 billion, slightly higher than the market forecast of $3.32 billion; sales of the oncology drug Trodelvy increased by 37% to $402 million. Looking ahead for the full year, Gilead Sciences raised its revenue guidance to between $30 billion and $30.4 billion. Due to acquisitions including cell therapy company Arcellx, autoimmune drug developer Ouro Medicines, and oncology drug developer Tubulis, the company now expects adjusted loss per share to be between $1.05 and $0.65, compared to the previous forecast of earnings per share between $8.45 and $8.85.

Foresight News reports, according to monitoring by @ai_9684xtpa, an address received 3.66 million LAB, valued at approximately 14.07 million US dollars, from the LAB project's multi-signature address 9 hours ago. The source of these funds can be traced back to the LAB token deployment address. Subsequently, the address transferred 2.125 million tokens to two contract addresses, with the purpose remaining unclear for now.

Jinse Finance reports that on May 8, according to on-chain analyst @ali_charts, the average holding cost of new whales (institutional large holders who entered within the past 155 days) is currently at $80,300. When the BTC price falls below this average cost line, these whales will be in a loss position. Bitcoin reached a high of $82,800 yesterday, then retreated below the $80,300 mark. If Bitcoin fails to hold above $80,300, this group of new whales may be motivated to sell, aiming to exit at break-even and avoid further losses. Such panic selling could create a wave of selling pressure, further driving the price down. Conversely, if Bitcoin successfully turns $80,300 into strong support, it would indicate that market selling pressure has been exhausted. Once these whales return to profitability, they will stop selling, switch to holding and observing, and look towards higher targets—this forms the logic for the start of a new upward trend.