News

According to Bloomberg, China confirmed that Trump will pay a state visit to Beijing from May 13 to 15, Xinhua reported Monday, citing a Foreign Ministry spokesperson. The summit — the first US presidential trip to China in nearly a decade — had been delayed once due to the now three-month-old Iran war. Key agenda items include Iran and the reopening of the Strait of Hormuz, an extension of the October trade truce covering rare earth exports, and Taiwan. An American business delegation including Blackstone CEO Steve Schwarzman and Citigroup CEO Jane Fraser is expected to accompany Trump, with a series of commercial deals anticipated.

Grayscale is reportedly planning to introduce an ETF focused on Cardano by the end of 2026. According to ChainCatcher, the ETF is expected to trade under the ticker symbol GADA. This new product will convert Grayscale's existing Cardano Trust into a publicly listed ETF. If regulatory filings are activated by mid-August, it could trigger a streamlined review process by the SEC, potentially allowing trading to commence by late October 2026.

Recently, Grayscale has adjusted the asset allocation within its smart contract fund, increasing Cardano's weight from approximately 17.96% to 18.33%, while reducing exposure to other assets like Ethereum.

Iran has turned down the United States' peace proposal, leading to a notable impact on financial markets. According to Odaily, West Texas Intermediate (WTI) crude oil opened 3% higher on Monday following the news. U.S. President Donald Trump expressed dissatisfaction with Iran's latest response, labeling it as unacceptable. In reaction, U.S. stock index futures experienced a decline of approximately 0.3%. Meanwhile, Bitcoin saw a 1.59% increase over the past 24 hours, climbing back above the $82,000 mark.

Michael Saylor recently discussed the integration of Bitcoin (BTC) with the decentralized finance (DeFi) ecosystem as a promising trend. According to ChainCatcher, Saylor said in an interview with The Wolf Of All Streets Podcast that the rapid growth of yield tokens based on STRC, with some protocols experiencing an increase in total value locked (TVL) by $1 million per hour.

Saylor highlighted that current DeFi protocols are utilizing STRC to create yield products offering returns between 8% and 11%, further amplified by leveraging three to five times. He anticipates that the yield token market will evolve into a multi-billion dollar industry in the coming months. Additionally, Saylor revealed that STRC's current Sharpe ratio stands at 2.5, surpassing many traditional credit products, stocks, and hedge fund strategies.

Saylor stated, "When you possess assets with a high Sharpe ratio, tokenization and leveraging can create a new digital financial structure."

Michael Saylor has indicated that Strategy might restart its Bitcoin acquisitions this week, following its previous purchase of 3,273 BTC for approximately $255 million on April 27. This acquisition increased Strategy's Bitcoin holdings to 818,334 BTC. According to Cointelegraph, during Strategy's Q1 earnings call, Saylor mentioned that the company might occasionally sell parts of its Bitcoin treasury to finance dividends on its credit instruments.

According to The Block, Morgan Stanley's bitcoin ETF (MSBT) absorbed $194 million in assets during its first month of trading with no net daily outflows recorded—a notably clean launch. The bulk of capital came from self-directed clients, as the bank's 16,000-person financial advisor network has not yet received clearance to recommend the fund. The strong debut underscores growing retail demand for regulated bitcoin exposure through traditional brokerage channels ahead of broader advisor distribution.

According to the announcement from Binance, the platform is set to expand its trading options by introducing new trading pairs on Binance Spot. Trading for MEGA/U, TON/U, and TON/USD1 pairs will commence on 2026-05-12 at 08:00 (UTC). Additionally, Binance will activate Trading Bots services for these pairs at the same time, enhancing the trading experience for users. The introduction of these pairs aims to provide more choices for traders and improve overall market liquidity.
Binance will also implement a zero fee promotion for eligible users trading on U spot and margin pairs, specifically MEGA/U and TON/U. This promotion will begin on 2026-05-12 at 08:00 (UTC) and will continue until further notice. During this period, users will benefit from zero maker fees, although standard taker fees will still apply. The trading volume from these pairs will contribute to users' VIP tier volume calculations. Standard trading fees will resume once the promotion period ends, and users are encouraged to review the trading fee structure for detailed information.
Eligibility to trade these new pairs is subject to the user's country or region of residence. Currently, users from Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, the United States and its territories, and non-government controlled areas of Ukraine are restricted from participating. Binance reserves the right to modify the list of restricted countries in accordance with legal and regulatory changes. Users must complete account verification to engage in trading these pairs. Binance emphasizes that all trading activities are monitored to prevent dishonest behavior, and reserves the right to disqualify users involved in such activities. The platform retains the discretion to amend or cancel promotions without prior notice.

Strategy CEO Phong Le announced on the X platform that the company's software business achieved its strongest performance in nearly a decade during the first quarter of 2026, with revenue increasing by 12%. According to Odaily, cloud business revenue grew by 59%, and profits rose by 27%. Le highlighted the unique synergy between the company's Bitcoin treasury and software business, noting that the software division's expertise in engineering, security, and compliance provides institutional-level capabilities to the Bitcoin operations, while the Bitcoin mission attracts talent and accelerates software innovation.

Additionally, the company has developed an AI data platform named Mosaic and plans to utilize multiple AI models over the next year to restructure internal processes and achieve system autonomy.

Banking groups are advocating for the inclusion of new language in the CLARITY Act that would prohibit stablecoins from offering yields. According to NS3.AI, the proposal highlights that stablecoin yields can be generated through lending protocols, liquidity pools, or yield-bearing accounts. An example cited is a 5% annual percentage yield (APY) on $1 million of USDC.

Bitcoin is experiencing an upward trend primarily driven by spot demand rather than leverage, according to ChainCatcher. Markus Thielen, founder of 10x Research, noted on social media that this structure is healthier compared to the crowded long positions seen earlier in the cycle. He highlighted continuous inflows into ETFs, significant rises in mining-related stocks, and a more optimistic outlook in the options market. Thielen also pointed out two key catalysts this week supporting Bitcoin and the broader altcoin market. With improved trading volumes and moderate capital inflows, the set target of $88,000 for Bitcoin appears achievable. The current total market capitalization of the crypto market stands at $2.69 trillion, marking a 2.7% increase from last week, while the average weekly trading volume is $123 billion, 2% above the average level.

Binance announced on X that it is launching a limited-time lending event featuring a substantial prize pool of 10 billion PEPE tokens. Participants in the event will have the opportunity to share in the prize pool by engaging in Binance's flexible lending services. This initiative aims to attract users to explore the platform's lending options while offering them a chance to earn rewards in the form of PEPE tokens.

In addition to the prize pool, Binance is offering interest-free vouchers to participants, enhancing the appeal of the lending event. These vouchers provide users with the opportunity to borrow without incurring interest, making the lending service more accessible and attractive. The event is designed to encourage participation and engagement with Binance's lending services, offering users a unique opportunity to benefit from the platform's offerings.

The lending event is time-sensitive, and interested users are encouraged to register promptly to take advantage of the available rewards. Binance's initiative reflects its ongoing efforts to enhance user engagement and provide value through innovative financial products. By offering substantial rewards and interest-free borrowing options, Binance aims to incentivize users to explore its lending services and participate actively in the event.

PANews posted on X (formerly Twitter). Rising tensions between the U.S. and Iran have driven Brent crude oil prices to $105 per barrel, while U.S. stock futures have weakened. In contrast, South Korea's KOSPI index surged by 5% to a record high, and China's Shanghai Composite Index surpassed 4,200 points, marking a ten-year peak.

Global storage chip stocks have seen significant gains, with SK Hynix rising 14%, and U.S. companies Micron and SanDisk increasing by over 15%. In China, the storage sector experienced a wave of limit-up gains.

Bitcoin has increased by 30% since the onset of the U.S.-Iran conflict, closing the week above $82,000. Retail investors have added 23,000 BTC this month, while large holders, or 'whales,' have accumulated 140,000 BTC, reaching a two-year high. The low volatility in options suggests that significant market movements may be imminent.

Market attention is now focused on the Consumer Price Index (CPI) data set to be released on Tuesday. If the data exceeds expectations, it could raise concerns about potential interest rate hikes.

Tokenized gold products have seen a significant increase in trading activity, according to CoinGecko data. In the first quarter of 2026, these products generated $90.7 billion in spot trading volume, surpassing the total spot trading volume of $84.6 billion for all of 2025. This growth highlights the rising interest in tokenized assets as investors seek alternatives in the evolving financial landscape.

Nvidia CEO Jensen Huang addressed the 128th commencement ceremony at Carnegie Mellon University, stating that the traditional computing paradigm, which lasted approximately 60 years, has concluded. According to Odaily, Huang emphasized that AI is driving a shift from 'human-written software' to 'machine learning-generated capabilities.'

Huang noted that while certain tasks like programming and medical imaging analysis are becoming automated, AI primarily amplifies human abilities rather than simply replacing humans. He remarked, 'AI is unlikely to replace you, but someone who uses AI better than you might.'

Reflecting on Nvidia's early challenges, Huang recounted the company's near-bankruptcy due to issues with chip architecture delivery, which led them to request contract termination from Sega. Nvidia survived thanks to continued payments from Sega.

Huang concluded by stating that AI infrastructure development will be one of the largest technological infrastructure investments in human history, urging graduates to 'run, don't walk.'

French publicly traded company Capital B has successfully raised €15.2 million in funding. According to Foresight News, the financing round saw participation from Blockstream CEO Adam Back, TOBAM, and global institutional investors. The funds were raised through a private placement of shares, with no preferential subscription rights. Each share comes with four share subscription warrants (ABSA), priced at €0.66 each.

Bank of England Governor Andrew Bailey has expressed concerns that global standards for stablecoins might conflict with the United States as the market surpasses $317 billion. According to NS3.AI, Bailey emphasized that stablecoins could be integrated into global payment systems only if there are established international standards. He cautioned that certain stablecoins might pose challenges in converting to cash without the use of a crypto exchange, potentially leading to financial stability risks in cross-border transactions.

SUI experienced a significant 50% increase in value over the past week, driven by substantial staking activities and strategic collaborations. According to NS3.AI, SUI Group Holdings staked over 108 million tokens, valued at more than $143 million, contributing to the price rise from approximately $0.94 on May 4 to $1.41 by Sunday. Concurrently, trading volume surged from over $213 million to more than $2.5 billion.

Mysten Labs announced the upcoming rollout of zero-fee stablecoin transfers and reaffirmed plans for private transactions, enhancing the platform's appeal. Additionally, Paga Group has partnered with Sui to facilitate cross-border transfers and develop stablecoin products, further strengthening SUI's market position.

Indian Prime Minister Narendra Modi has urged citizens to reduce fuel consumption and revive work-from-home practices as the closure of the Strait of Hormuz tightens global oil supplies. According to BeInCrypto, Modi emphasized the importance of conserving petrol and diesel, increasing electric vehicle usage, and shifting freight transport to railways. He also called for postponing foreign travel and gold purchases, reducing cooking oil consumption, and cutting fertilizer use by up to 50%. These measures aim to mitigate the impact of the Iran-US conflict on India's economy.

South Korea's National Tax Service is investing $2.2 million in an artificial intelligence system aimed at monitoring cryptocurrency transactions to address tax evasion. According to NS3.AI, the system is anticipated to be operational by the end of 2026, integrating exchange records with blockchain data, including activities from non-custodial wallets. A survey conducted by the Financial Services Commission reveals that South Korea has over 11 million verified crypto investors, although the growth of tradable accounts has decelerated in the second half of 2024.

Blackstone's BCRED private credit fund has encountered redemption requests amounting to 7.9% of its equity in the first quarter of 2026. According to NS3.AI, this development has sparked concerns that mixed portfolios might liquidate crypto holdings. BCRED, which manages approximately $48 billion, received requests totaling around $3.7 billion. In March, the fund experienced a 0.4% monthly loss, marking its first monthly decline since September 2022. In response, Blackstone introduced a $400 million support package and increased the quarterly redemption limit from 5% to 7%.

Bitcoin spot ETFs attracted $623 million in net inflows last week, marking the sixth consecutive week of positive movement. According to NS3.AI, Ethereum spot ETFs also experienced growth, with $70.49 million added. BlackRock's ETHA was a significant contributor to Ethereum spot ETF inflows, bringing in $100 million.

XRP experienced a notable increase of 2.5% within 24 hours, surpassing the performance of Bitcoin and Ether. According to NS3.AI, the surge was particularly pronounced during the May 10 16:00–17:00 window, when trading volume peaked at 169 million. Following this, XRP reached a high of $1.5073 before retreating towards the breakout area.

Pavel Durov announced that the TON network has significantly reduced its fees by sixfold, bringing them close to zero. According to NS3.AI, Telegram is set to replace the TON Foundation as the primary driver of the network. Durov stated that Telegram will become the largest validator for TON and will concentrate on launching a new TON website, enhancing developer tools, and implementing performance upgrades within the next 2–3 weeks.

According to the Financial Times, the UK's National Health Service (NHS) is set to grant Palantir, a data analytics company, unlimited access to patient data. This decision has sparked discussions about data privacy and security within the healthcare sector. The move is part of a broader initiative to enhance data-driven decision-making in the NHS, aiming to improve patient care and operational efficiency. However, concerns have been raised regarding the potential implications for patient privacy and data protection.

Real Vision CEO Raoul Pal has indicated an increasing likelihood of an investment market supercycle. According to NS3.AI, Pal attributes this potential development to several factors, including elevated U.S. interest costs, a growing proportion of short-term government bonds, and potential liquidity expansion driven by banks. He emphasized that inflation remains a crucial factor, noting that a supercycle would necessitate slower service inflation resulting from productivity improvements to counterbalance the rising inflation in goods.

Georgia regulators have shut down Community Bank and Trust – West Georgia, with the Federal Deposit Insurance Corporation (FDIC) estimating the failure could cost the Deposit Insurance Fund approximately $97 million. According to NS3.AI, Anchor Bank has agreed to take over all insured deposits and acquire certain assets from the failed bank. The three branches affected by the closure are set to reopen as Anchor Bank branches on Monday, May 4, 2026.

According to Bloomberg, the oil market is in "a race against time," Morgan Stanley warned, as the buffers that have prevented crude prices from surpassing 2022 peaks may erode if the Strait of Hormuz remains closed into June. Despite nearly 1 billion barrels lost since the conflict began in late February, the US has boosted exports by 3.8 million barrels per day while China cut imports by 5.5 million barrels per day, absorbing 9.3 million barrels per day of tightness. Morgan Stanley's base case has Dated Brent at $110 this quarter, but a prolonged closure could push prices to $130–$150. Brent rose 4.6% to $105.99 on Monday after Trump rejected Iran's latest peace proposal.

The China-Korea Semiconductor ETF (513310) reached its daily limit at the close, with a trading volume of 6.9 billion yuan. According to Odaily, trader Chuan Mu shared a screenshot of his holdings, commenting, 'The China-Korea Semiconductor ETF has generated principal, and profits will ensure a comfortable life once they reach three e.' The screenshot reveals that he holds 5 million shares of the ETF, with a current market value of approximately 27.94 million yuan and a floating profit of about 29.38 million yuan. The day's reference profit and loss is around 5.13 million yuan.

Bitcoin (BTC) surged past $81,000 over the weekend, with traders cautious as geopolitical tensions and key economic data loom. According to BeInCrypto, the next technical target for Bitcoin is $83,400, driven by Fibonacci projections and a rising RSI indicating momentum. This week, investors face crucial economic indicators including Tuesday’s Consumer Price Index (CPI), Wednesday’s Producer Price Index (PPI), and Thursday’s retail sales data. Additionally, Donald Trump’s recent comments on Iran add geopolitical risk, potentially impacting Bitcoin’s trajectory. Jerome Powell’s final day as Federal Reserve Chair on Friday adds further uncertainty.

Polymarket traders now assign a 73% probability to the Digital Asset Market Clarity Act being signed into law in 2026, according to BeInCrypto. This marks a significant increase from 46% at the start of May, occurring just days before a pivotal Senate Banking Committee markup scheduled for May 14. The committee will meet in Washington, D.C., to consider the bill, which aims to establish clearer regulatory standards for the crypto market. Industry experts, including Grayscale, view the act as a potential catalyst for innovation and capital formation in digital assets.

Haun Ventures, led by crypto investor Katie Haun, has successfully raised $1 billion for a new fund. According to PANews, Multi Investment has also completed a financing round, securing approximately $616 million to enhance its investments in blockchain and Web3 sectors.

Latvia has expressed its willingness to host additional U.S. troops following the announcement by U.S. President Donald Trump's administration to withdraw thousands of soldiers from Germany. Bloomberg posted on X, highlighting Latvia's strategic interest in strengthening its defense ties with the United States. The move comes as part of a broader realignment of U.S. military forces in Europe, aimed at enhancing NATO's eastern flank. Latvia's government views the potential increase in U.S. military presence as a significant boost to regional security and a deterrent against potential threats. The decision aligns with Latvia's ongoing efforts to bolster its defense capabilities and deepen cooperation with NATO allies. The U.S. has been a key partner in Latvia's defense strategy, providing support and training to its armed forces. The potential redeployment of troops to Latvia underscores the shifting dynamics of U.S. military strategy in Europe, as Washington seeks to adapt to evolving geopolitical challenges.

PeckShieldAlert posted on X that the exploiter of TrustedVolumes has laundered approximately $278,000 in stolen funds. The individual deposited 10.2 ETH, valued at $23,600, into TornadoCash and laundered 110 ETH, worth $250,000, through THORChain to Bitcoin. Additionally, the exploiter attempted to deposit 0.5 ETH into Railgun but decided against it and returned the funds. TrustedVolumes was exploited for around $6.7 million on May 7th.

Australia is considering a tax reform that could impact long-term investments, including crypto assets. According to ChainCatcher, the government plans to replace the current 50% capital gains tax discount for assets held over 12 months with an inflation-indexed taxation model. This change, if implemented, may increase the tax burden on long-term investments.

The Australian Financial Review, citing sources familiar with the matter, reports that this adjustment will be included in the Albanese government's 2027 fiscal year budget, set to be announced on Tuesday. Under the existing rules, investors benefit from a 50% capital gains tax discount for assets held longer than a year. The proposed plan would instead tax the full amount of actual gains after deducting inflation.

The new regulation is expected to take effect at the end of the fiscal year in July 2027, with a one-year transition period for assets acquired after May 10, 2026.

Sui experienced a 25% surge in value over the past 24 hours, driven by Sui Group Holdings' strategic move to stake 108.7 million SUI tokens. According to The Block, this significant staking decision by the company has been identified by analysts as a key factor contributing to the recent price increase. The move underscores the growing interest and confidence in Sui's potential within the crypto market.

According to PANews, the concept of 'Fat Penguin' is advancing the evolution of memes by embedding them into culture, commerce, and global distribution as social currency.

Google's recent update to its reCAPTCHA system has sparked criticism from privacy advocates. According to NS3.AI, the update introduces a QR-based verification process that necessitates the use of Google Play Services or Apple's equivalent on mobile devices. Critics argue that this change could potentially block access for users of de-Googled Android phones, such as those running GrapheneOS and CalyxOS, and may also restrict access for certain desktop users.

Hungarian Ministerial Candidate for Economic and Energy Affairs, Kapitány, stated that the rise of the forint reflects market expectations for a new direction in economic strategy. According to Jin10, Kapitány emphasized the significance of this trend in shaping future economic policies.

Analyst @ai_9684xtpa posted on X that the Trump team has transferred $12.09 million worth of tokens, equivalent to 4.915 million TRUMP, to Fireblocks after a three-month hiatus. The wallet address still holds 762 million TRUMP tokens, valued at $1.88 billion. The transfer marks a significant movement of assets within the blockchain network.

A recent transaction on Polymarket involved a new account purchasing $61,000 worth of shares betting against the confirmation of alien existence by 2027, with an opening price of 83¢. According to Odaily, public documents primarily address sightings and investigations of unidentified anomalous phenomena (UAP) without officially confirming the existence of alien life or technology. The All-domain Anomaly Resolution Office (AARO) has previously denied claims by some whistleblowers, including David Grusch in 2023, regarding the government's secret possession of alien technology.