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, valued at around $61.8 billion at the time of publication. 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.

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.

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.

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.

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.

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.

Alphabet, the parent company of Google, is planning to issue yen-denominated bonds for the first time, potentially aiding its investment efforts in the increasingly competitive artificial intelligence sector. According to Jin10, the tech giant is expanding its financing channels as it continues to lead in nearly all aspects of AI development. Alphabet has raised its capital expenditure forecast for this year, now planning to spend up to $190 billion, surpassing the previous estimate of $185 billion. This revised forecast is already double its expenditure in 2025.

Qianwen and Taobao have integrated to offer a new AI shopping experience. According to Odaily, users can open the Qianwen app to interact with AI for selecting, comparing, and purchasing products on Taobao. Additionally, by accessing the 'Qianwen AI Shopping Assistant' on the Taobao app, users can utilize features such as AI fitting, AI discount calculations, and AI price assistance. This marks the first deep integration between a large-scale global e-commerce platform and a top-tier AI model application.

Alibaba has pioneered the full AI shopping chain in the industry, achieving a complete process from product recommendation to order placement, fulfillment, and after-sales service. This development signifies a significant step for Alibaba in AI e-commerce.

Alphabet, the parent company of Google, is on the verge of overtaking Nvidia as the world's highest-valued company. According to ChainCatcher, Alphabet's stock has surged by 43% since October last year, while Nvidia's stock has increased by only 6.3% during the same period.

China's factory prices have experienced their most significant increase since July 2022, driven by the repercussions of the ongoing conflict in Iran. Bloomberg posted on X, highlighting that the war has led to rising costs for companies, impacting the overall economic landscape. Despite these pressures, consumer inflation remains controlled due to lower food prices, providing some relief to consumers. The situation underscores the complex interplay between global geopolitical events and domestic economic conditions, as businesses navigate the challenges posed by external factors.

According to the announcement from Binance, the platform has introduced a new Word of the Day (WOTD) game, themed 'Binance Chat,' running from 2026-05-11 00:00 (UTC) to 2026-05-17 23:59 (UTC). This educational game aims to enhance users' crypto vocabulary and keep them informed about market trends. Participants can play up to two games daily, with those achieving at least three correct answers eligible to share a 15 BNB reward pool. The rewards will be distributed based on the proportion of correct answers, with a maximum cap of 0.01 BNB per user, and will be credited to the user's Rewards Hub by 2026-05-31 23:59 (UTC).

To enable a second game, users must click 'Get A New WOTD' after the first game and share the featured link on social media. The second game unlocks once the link is clicked by a logged-in user. Additionally, new users registering with the 'WOTD' referral code during the activity period will receive a 10% discount on Spot trading fees and may qualify for further rewards by completing tasks in the Rewards Hub within 14 days of registration.

Binance reserves the right to modify or cancel the promotion without prior notice and may update the list of eligible countries or regions. Participation is subject to Binance's terms and conditions, and users must complete account verification to be eligible for rewards. The platform also reserves the right to disqualify users engaging in dishonest behavior or fraudulent activities. The 10% Spot trading fee discount remains valid as long as the Binance referral program is active.

OpenAI has permitted its employees to sell up to $30 million worth of shares each in a recent funding round. According to NS3.AI, last October, over 600 current and former employees sold a total of $6.6 billion in stock. Sources familiar with the situation indicated that approximately 75 individuals sold their entire $30 million allocation.

Bitcoin and Ethereum are currently exhibiting a trend of decoupling from the U.S. stock market. According to Foresight News, Alpine Fox LP founder and managing partner Mike Alfred noted this development in a recent tweet. He suggested that while some might attribute this trend to specific news events like the Clarity Act or trading activities on certain platforms, the fundamental reason is simpler: Bitcoin and Ethereum are currently undervalued, whereas many U.S. stocks are overvalued.

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.

Bitcoin has continued its upward trend recently, with several potential catalysts to watch this week. According to Foresight News, the U.S. Senate may hold a confirmation vote on Monday for Kevin Warsh's nomination as Chair of the Federal Reserve. If confirmed, he could officially take office this week. On Thursday, the CLARITY Act is expected to undergo further review by the Senate Banking Committee. Progress on this legislation could clarify regulatory boundaries in the U.S. digital asset market, potentially improving perceptions of the regulatory environment. Additionally, U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet this week. If their talks yield constructive signals, it could ease concerns over trade and geopolitical risks, potentially supporting overall risk appetite.

U.S. President Donald Trump is set to engage in discussions with Chinese President Xi Jinping regarding China's stance on Iran and to finalize details on a new trade board during their meeting in Beijing this week. Bloomberg posted on X, highlighting the anticipation surrounding the high-level talks. Senior U.S. officials have indicated that these discussions are part of ongoing efforts to address key international issues and strengthen bilateral relations between the two nations.

OpenAI employees have become some of the first to significantly cash out amid the artificial intelligence boom, according to the Wall Street Journal. Over 600 current and former employees of OpenAI have sold their shares, as reported by sources familiar with the matter.

PANews posted on X (formerly Twitter). The upcoming week will see significant economic events, including the release of the U.S. Consumer Price Index (CPI) data for April. Additionally, the U.S. Senate is set to vote on a motion to end the debate on Kevin Warsh's nomination as Chair of the Federal Reserve. The Senate Banking Committee will also conduct a hearing on the CLARITY Act. Furthermore, the FT-Digital Assets Summit 2026 is scheduled to take place next week.

A whale investor has made a significant move by going long on 22,189 shares of Micron Technology (MU) through the trade.xyz platform. According to ChainCatcher, the investor's current unrealized profit stands at $4.5 million. The investor has set take-profit orders at $2,800 and $2,900, indicating a belief that MU shares could potentially rise by approximately 260%.

According to Jin10, a report by CITIC Securities indicates that U.S. nonfarm payrolls in April 2026 exceeded expectations, while the unemployment rate met expectations at 4.3%. The report suggests that the April data better reflects the current state of the U.S. job market compared to the previous two months. This is attributed to fewer one-time factors in April, a higher response rate from companies, and the smallest impact from the birth-death model in the last four months.

On the demand side, the U.S. job market in April showed overall resilience with marginally increased layoff pressures. On the supply side, while the labor force participation rate and employment-to-population ratio declined, the participation rate for those aged 25-54 remained stable. This indicates that the decline is not due to a large-scale exit of core labor but rather the effects of aging and retirement.

Regarding Federal Reserve monetary policy, CITIC Securities maintains its previous view that if the situation in Iran stabilizes and oil prices fall, leading to a cooling of inflation expectations, there could be a baseline scenario of a 25 basis point rate cut in the second half of the year after Kevin Warsh takes over.

Microsoft's security research team has identified a cyberattack strategy that has been in operation since late 2025, according to PANews. The attackers have been publishing fake macOS troubleshooting guides on platforms such as Medium, Craft, and Squarespace. These guides, which address common user issues like freeing up disk space or fixing system errors, trick users into running malicious terminal commands. Once executed, these commands automatically download and run malware designed to steal cryptocurrency wallets, iCloud data, and passwords saved in browsers. This social engineering technique, known as ClickFix, bypasses macOS's Gatekeeper security mechanism because the victims voluntarily execute the commands.

PANews posted on X (formerly Twitter). A Bitcoin-themed music video featuring Michael Saylor has gained attention online. The song, adapted from a Strategy financial report conference call, highlights Saylor's ongoing Bitcoin purchases, his criticism of short sellers, and his repeated emphasis on the phrase 'There is no second best.' The video shows a group of people waving their hands to the rhythm on Zoom, accompanied by the catchy 'no second best' theme, making it a popular choice for repeated viewing.

Minara AI has unveiled its latest offering, the Minara Prediction Copilot, designed to enhance prediction market trading. According to NS3.AI, this AI stack focuses on Bitcoin price ranges and operates on the Outcome and Hyperliquid infrastructure. The service aims to provide traders with advanced tools for navigating the complexities of prediction markets.

XRP spot ETFs experienced notable inflows last week, according to Odaily. Data from SoSoValue indicates that from May 4 to May 8, XRP spot ETFs saw a net inflow of $34.21 million.

The Canary ETF XRPC led the inflows with $13.5393 million, bringing its historical total net inflow to $438 million. Following closely was the Bitwise ETF XRP, which recorded a weekly net inflow of $12.3621 million, with its historical total net inflow reaching $434 million.

As of the latest report, the total net asset value of XRP spot ETFs stands at $1.12 billion, with an ETF net asset ratio of 1.26% compared to XRP's total market capitalization. The cumulative historical net inflow has reached $1.32 billion.

Mysten Labs co-founder and Chief Product Officer Adeniyi Abiodun announced on the X platform that confidential transactions will be launched on the Sui network this year. According to PANews, these transactions aim to provide large-scale, free, and privacy-protected payments.

On May 11, a significant movement of Ethereum was detected. According to BlockBeats On-chain Detection, a whale known for losing $230 million in February due to a liquidation on Hyperliquid has transferred all of its Ethereum holdings to a centralized exchange (CEX) over the past four days. The whale moved 577,000 ETH to the CEX, with the final transfer of 225,000 ETH occurring five hours ago.

Despite these transfers, the whale still holds 11,500 BTC on-chain. This Bitcoin holding is valued at approximately $934 million. The whale's actions have attracted attention due to the scale of the transfers and the previous financial loss experienced earlier this year.

A court in Fuzhou has dismissed a lawsuit demanding the repayment of 480,000 yuan, which had been converted into USDT and invested on an overseas platform. According to NS3.AI, the court determined that the transaction constituted a closed loop involving RMB receipt, USDT conversion, cross-border transfer, and foreign exchange trading. This was perceived as disguised foreign exchange trading and suspected economic crime. The Fuzhou Intermediate People's Court upheld the initial ruling, and the case materials have been forwarded to public security authorities for further investigation.

On May 11, 2026, 03:12 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 81,000 USDT and is now trading at 80,942.820313 USDT, with a narrowed narrowed 0.22% increase in 24 hours.

Prime Minister Narendra Modi is anticipated to continue his leadership in India well into the next decade, according to a Bloomberg analysis of voting trends. Bloomberg posted on X, highlighting the strong political position Modi holds, which suggests his enduring influence in the country's governance. The analysis reflects the current political climate and voter sentiment, indicating sustained support for Modi's administration. This projection comes amidst ongoing discussions about India's future political landscape and the challenges it faces. Modi's leadership has been marked by significant economic and social reforms, which have contributed to his popularity among voters. As India navigates complex domestic and international issues, Modi's continued leadership is seen as a stabilizing factor in the nation's political arena.

Nomura Securities has revised its GDP growth forecast for the Philippines in 2026 from an earlier estimate of 5.0% to 4.6%. According to Jin10, this adjustment follows weak GDP growth data for the first quarter and ongoing tensions in the Middle East. In a research report, Nomura Securities highlighted that the Philippines' GDP growth slowed from 3.0% in the previous quarter to 2.8% in the first quarter, affected by the aftermath of domestic corruption scandals and ongoing fiscal tightening policies. The report also noted that the country's GDP growth momentum in the first half of the year is expected to remain weak, partly due to a decline in private investment spending. Additionally, Nomura Securities mentioned that rising energy prices, driven by Middle East conflicts, have increased inflation levels, further eroding the purchasing power of domestic households.

On May 11, the market value of Base ecosystem token POD (dphn.ai) saw a substantial increase, peaking at over $170 million, and currently stands at $130 million, with a 24-hour growth rate narrowing to 82%. According to BlockBeats On-chain Detection, the trading volume reached $6.3 million during the same period.

Dphn.ai is involved in AI model development and DePIN projects, offering the 'Dolphin Mistral 24B Venice Edition' as the default uncensored AI model on the Venice platform. Previously, during a significant rise in VVV, POD's value increased as it served as a core model provider. The recent surge may be influenced by Base co-founder Jesse's retweet, with related sentiments continuing to develop.

JPMorgan has increased its target price for South Korean stocks for the second time in less than a month, citing improvements in the semiconductor cycle, corporate governance reforms, and growth in the industrial sector. According to Odaily, the Wall Street investment bank has raised its base target for the Korea Composite Stock Price Index (KOSPI) to 9,000 points, with a bullish scenario target of 10,000 points, indicating a potential 33% upside from last Friday's closing price. Previously, in late April, the bank set the base and bullish targets at 7,000 and 8,500 points, respectively. The global artificial intelligence (AI) boom has driven earnings growth, prompting strategists to revise their outlook for South Korean equities.

On Monday, the KOSPI index surged by as much as 5.1%, reaching an intraday high of 7,876.60 points, marking a historic peak. This increase expanded its year-to-date gains to approximately 86%, further solidifying its position as one of the world's best-performing stock markets. Last week, Goldman Sachs also raised its target for the KOSPI index to 9,000 points.

HyperInsight data reveals that Loracle, an early contributor to Hyperliquid, has fully closed a Bitcoin long position valued at $1,034,643.01. According to NS3.AI, the tracked address associated with this transaction was 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae.

Ark Invest's Lorenzo Valente has expressed confidence that the CLARITY Act will be passed before summer, following the Consensus 2026 event. According to NS3.AI, Valente noted that institutions played a significant role at the event, with stablecoins, tokenization, internet banking, and permissioned DeFi emerging as key themes.

The market capitalization of LienFi's token, LFI, on the Base chain has exceeded $10 million, reaching an all-time high of $10.36 million. According to ChainCatcher, the token experienced a 24-hour increase of 61.2%.

LienFi claims to be developed by a team from one of the largest property tax lien hedge funds in the United States. The project aims to address the operational challenges and significant knowledge barriers faced by ordinary investors attempting to benefit from property tax liens.