News

OpenAI is reportedly preparing for an initial public offering (IPO), according to the Wall Street Journal. As the company moves forward with its plans, OpenAI CEO Sam Altman's personal investments are facing increasing scrutiny from Republican lawmakers. This development comes amid heightened attention on the financial activities of key figures in the AI industry.

Elon Musk's artificial intelligence model, Grok, is reportedly lagging behind its rapidly growing competitors. According to Odaily, a significant computing power leasing agreement between its parent company, SpaceX, and Anthropic has raised questions about Grok's ability to catch up with industry leaders.

Since its launch two years ago, Grok has attracted millions of users through its integration with Musk's social platform X and features like the controversial 'AI Companion.' However, recent data indicates that its growth momentum has stalled. Analysis from AppMagic reveals that Grok's downloads dropped to approximately 8.3 million in April this year, down from over 20 million in January.

A survey conducted by research firm Recon Analytics, involving over 260,000 U.S. AI users and professionals, shows that the percentage of respondents willing to pay for Grok remained nearly unchanged at 0.174% in the second quarter of 2026, compared to 0.173% a year earlier. In contrast, more than 6% of respondents reported having paid for ChatGPT.

Microsoft set a target to achieve a $92 billion return from its early significant investment in OpenAI, according to Bloomberg. This information was revealed during a court hearing on May 11 in Oakland, California, involving a lawsuit filed by Elon Musk against OpenAI and Microsoft. Microsoft CEO Satya Nadella stated in court that the investment was successful because the company took on the associated risks.

Marathon Digital Holdings (MARA) has announced its financial results for the first quarter, revealing a revenue of $174.6 million, which marks an 18% decrease compared to the same period last year. According to NS3.AI, the company emphasized that bitcoin mining continues to be its core operational focus. The net loss for the quarter expanded to $1.3 billion, largely attributed to unrealized losses on the 38,689 BTC held on its balance sheet. In an effort to manage debt and improve financial flexibility, MARA sold approximately $1.1 billion worth of bitcoin towards the end of the quarter.

Grayscale has filed an application to convert its existing Zcash Trust into a spot ETF, marking the first attempt to list a privacy coin ETF in the United States. According to ChainCatcher, this move comes as Multicoin Capital reveals its ongoing accumulation of ZEC since February. Co-founder Tushar Jain links the investment strategy to proposed U.S. wealth tax legislation, suggesting that increased government scrutiny of private financial holdings will drive demand for assets that offer regulatory shielding at a mathematical level.

The application, however, raises institutional custody challenges. Approximately 30% of Zcash's supply is held in shielded address pools, a historical high, while ETF custody typically requires the use of transparent address pools to meet audit and proof-of-balance requirements. Previously, the SEC concluded a long-term review of Zcash in January 2026 without enforcement action, significantly reducing regulatory uncertainty.

OpenAI has announced plans to acquire the consulting firm TOMORO to establish a private equity joint venture. According to Jin10, this strategic move aims to expand OpenAI's influence in the financial sector by leveraging TOMORO's expertise. The acquisition is expected to enhance OpenAI's capabilities in providing AI-driven solutions to private equity firms, marking a significant step in its business diversification efforts.

Bitcoin Ordinals browser Ord.io announced on the X platform that it will cease operations on June 1. According to PANews, the platform, launched three years ago, has served over one million users. The team plans to upload the complete history of likes, replies, and public address data to GitHub, allowing future developers to build related Ordinals browsing tools based on this data.

According to the announcement from Binance, the platform will implement updates to the collateral ratio and Tiered Collateral Ratio for PM Pro under Portfolio Margin, effective from 2026-05-15 06:00 (UTC). The update is expected to be completed within approximately 30 minutes. The assets affected include UNI, ENA, RAY, APE, and ZEC, with collateral ratios being adjusted. For instance, UNI and ENA will see their collateral ratios decrease from 60% to 50%, while ZEC's collateral ratio will increase from 30% to 50%.

In addition to these changes, Binance Futures will update the leverage and margin tiers for several USD-M Perpetual Contracts. This update is scheduled to be completed within approximately one hour. The changes will affect existing positions opened before the update, and users are advised to adjust accordingly to avoid potential issues. The leverage and margin tiers for contracts such as NAORISUSDT, ARCUSDT, MUSDT, and others will be revised. For example, the NAORISUSDT contract will see changes in leverage and maintenance margin rates across various position sizes, with leverage adjustments ranging from 1x to 20x depending on the notional value in USDT.

Binance emphasizes that users should closely monitor the Unified Maintenance Margin Ratio (uniMMR) to prevent potential liquidation or losses due to the changes in collateral ratios. The platform advises users to stay informed about the updates to ensure smooth trading operations. These updates reflect Binance's ongoing efforts to optimize its trading environment and risk management protocols. Users are encouraged to review the updated trading rules and leverage guidelines to align their strategies with the new parameters.

Aptos has announced plans to become the first Layer 1 blockchain to offer a native encrypted mempool, pending governance approval. According to ChainCatcher, this feature aims to ensure complete confidentiality of transaction intents without compromising transaction speed. The trust assumptions remain consistent with the network itself, providing protocol-level protection for users against frontrunning.

OpenAI and Microsoft have reportedly agreed to set a cap of $38 billion on their total revenue sharing, according to a report by The Information on May 12. This development follows a renegotiation of their contract last month, allowing OpenAI to explore new partnerships with companies like Amazon and Google. According to Jin10, the arrangement may help OpenAI present a more attractive long-term growth outlook to investors. The company is currently moving towards an initial public offering (IPO), with some executives indicating that OpenAI could initiate the process as early as the end of this year.

Stream Finance announced on Platform X that it is seeking ways to maximize the value of assets for customers and creditors. According to Odaily, the goal is to integrate, liquidate, and distribute assets prudently and swiftly. The team is considering several strategic alternatives that require the involvement of customers and creditors, with more details expected in the coming weeks. Inquiries can be directed to Jeremiah Ledgwidge at Cooley LLP.

In November last year, Stream Finance reported a loss of $93 million in assets and subsequently suspended withdrawals, leading to a significant de-pegging of XUSD.

Google's Threat Analysis Group has confirmed that cybercriminals have used artificial intelligence models to discover and exploit a zero-day vulnerability in a popular open-source web management tool, according to ChainCatcher. This vulnerability allowed attackers to bypass two-factor authentication. Google stated that this marks the first time the company has identified AI-assisted zero-day vulnerability development in a real-world scenario. Before attackers could exploit the vulnerability on a large scale, Google collaborated with the affected vendors to patch the issue. The vulnerability was identified as a logic error, where the software trusted a condition that could bypass two-factor authentication. Unlike traditional scanners that search for crashes or erroneous code, AI analyzed the software's expected functionality and detected logical inconsistencies, enabling attackers to bypass security checks without compromising encryption.

Kim Sang-hoon announced plans to advance discussions on a fundamental digital asset act centered around stablecoins following the forthcoming local elections. According to NS3.AI, the bill was initially set for debate in a National Assembly subcommittee today but was subsequently taken off the agenda.

On May 12, a significant transfer of ONDO tokens was observed. According to BlockBeats On-chain Detection, the Ondo project's multi-signature address transferred 150 million ONDO tokens seven hours ago. Subsequently, 21.338 million ONDO tokens were moved to centralized exchanges (CEX) one hour ago.

Telegram founder Pavel Durov announced on the X platform that the development efficiency of TON has increased tenfold. According to Odaily, the new toolchain, acton, simplifies the creation, testing, and deployment of smart contracts and is fully AI-ready. This toolchain replaces TON's previous fragmented tool stack, creating a unified development process.

According to the announcement from Binance, the exchange has revised its rebate structure for Binance Link clients, introducing tier adjustments based on trading volume and user activity. To qualify for rebates of up to 50%, clients must meet specific thresholds for average monthly trading volume and the average number of active trading users over a quarterly period. The tier system includes Bronze, Silver, and Gold levels, each with distinct requirements and benefits.

The Bronze tier requires a spot volume of at least 40,000 USDT or futures volume of 80,000 USDT, with a minimum of 10 spot users or 5 futures users. Silver tier clients must achieve a spot volume of 40,000,000 USDT or futures volume of 200,000,000 USDT, alongside 40 spot users or 20 futures users. The Gold tier demands a spot volume of 200,000,000 USDT or futures volume of 1,000,000,000 USDT, with 200 spot users or 100 futures users. Rebates for the Spot OMS Toolkit range from 40% to 50%, while Futures OMS Toolkit rebates remain at 30% across all tiers.

Binance Link clients will receive updates on tier adjustments at the beginning of each quarter. Newly onboarded clients will have a fixed rebate period of three months without participating in tier reviews. Rebates are applicable only to trades completed by regular and VIP 1-2 users, and clients are prohibited from distributing these rebates to their users. Binance reserves the right to amend rewards or disqualify clients if fraudulent activity is detected. For inquiries, users can contact link@binance.com. The announcement emphasizes that discrepancies may exist between the original English content and translated versions.

Consensys has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) regarding the latest interpretive framework for crypto assets. According to ChainCatcher, Consensys expressed concerns that the framework might create regulatory gaps, leading to compliance uncertainties for self-custody wallet providers like MetaMask.

The company has requested that the SEC consider a targeted safe harbor or other exemptions to clarify that self-custody, user-driven interfaces supporting transactions of non-security crypto assets, which may involve investment contracts, do not need to register as broker-dealers.

Consensys emphasized that this move is intended to ensure that U.S. users can continue to access open and neutral peer-to-peer blockchain tools.

OpenAI is projected to save $97 billion by 2030 as part of its latest agreement with Microsoft, according to The Information. This significant cost-saving measure is expected to enhance OpenAI's financial efficiency over the coming years.

CleanSpark has released its financial results for the first quarter of fiscal year 2026. According to ChainCatcher, the company reported a revenue of $136.4 million, marking a 24.9% decrease compared to the same period last year. The net loss for the quarter was $378.3 million, up from a net loss of $138.8 million in the previous year. The adjusted EBITDA stood at negative $241.2 million.

The company also highlighted a doubling of its contracted power capacity year-over-year, including 585 MW approved by ERCOT. Additionally, CleanSpark's Bitcoin holdings increased by 14% year-over-year, with average monthly hash rate growing by 18%.

As of March 31, 2026, CleanSpark held $260.3 million in cash, Bitcoin assets valued at $925.2 million, and total assets amounting to $2.9 billion.

Fluid announced on Platform X that damage to Resolv infrastructure has resulted in approximately $21 million in bad debt. According to Odaily, a solution has been devised to address the remaining $19.3 million in debt: Resolv will cover about $9.7 million, Fluid's governance treasury will handle $8.2 million, and the Fluid team will take on $1.5 million. Fluid has destroyed all remaining USR tokens within the protocol at the contract level, allowing users to exchange them directly through Resolv.

To ensure long-term sustainability, Fluid will pause token buybacks, significantly reduce or eliminate FLUID token incentives, and the foundation will halt its monthly $250,000 grant from March to June. Additionally, its Solana DEX is expected to launch within six weeks.

Arthur Hayes has indicated that Bitcoin's bull market commenced in late February, with potential for the cryptocurrency to surpass $90,000, potentially accelerating its rise to $126,000. According to NS3.AI, Hayes attributes this outlook to the expansion of fiat-based credit, driven by investments in AI infrastructure, war-related expenses, supply chain security, and ongoing monetary expansion by the U.S. Federal Reserve and other central banks.

Anthropic has updated a statement originally released in February regarding unauthorized sales and investment scams involving its stock. According to Odaily, the company emphasized that any sale or transfer of Anthropic stock not approved by its board, or any disposition of stock rights, is invalid and will not be recognized in the company's records. Additionally, Anthropic does not permit special purpose vehicles (SPVs) to hold its stock, rendering any stock transfers to SPVs invalid.

Following this announcement, the pre-market stock token for Anthropic on PreStocks experienced a significant drop, currently priced at $1023.9, marking a 24.94% decline in a single day.

Bitcoin perpetual futures funding rates briefly surged to an annualized rate of 6% as Bitcoin tested the $82,000 mark. According to NS3.AI, despite this spike, derivatives positioning remained cautious. Additionally, spot Bitcoin ETF outflows on Thursday and Friday contributed to the cautious market sentiment.

U.S. XRP spot ETFs experienced a notable influx of funds, recording $25.7958 million in total net inflows in a single day on May 11, Eastern Time. According to NS3.AI, the Franklin XRP ETF was at the forefront, attracting $13.62 million. The total net assets across all XRP spot ETFs reached $1.184 billion.

The cryptocurrency market experienced a general decline over the past 24 hours, according to NS3.AI. Layer 2 sectors saw a decrease of 2.62%, while CeFi was the only sector to register an increase, rising by 0.42%. Data from SoSoValue indicated that ssiRWA, ssiAI, and ssiDeFi sectors fell by 7.75%, 5.87%, and 4.02%, respectively.

Nobel Hygiene, a prominent manufacturer of hygiene products, is reportedly planning an initial public offering (IPO) in India, aiming to raise up to $300 million. Bloomberg posted on X, citing sources familiar with the matter, that the company is exploring this financial move to expand its market presence and enhance its production capabilities. The IPO could provide Nobel Hygiene with the necessary capital to strengthen its position in the competitive hygiene product industry. Further details regarding the timeline and specific use of the funds have not been disclosed.

A summary of opinions from the Bank of Japan's April meeting reveals that one member emphasized the need for the central bank to act decisively in raising interest rates if inflation risks increase. According to Jin10, this statement highlights the ongoing concerns within the Bank of Japan regarding potential inflationary pressures and the necessity for a responsive monetary policy approach. The member's remarks underscore the importance of vigilance in monitoring economic indicators to ensure price stability.

Dolphin Network has announced its adoption of a Peer-to-Pool architecture to reuse idle GPUs, according to Foresight News. This system allows each model to operate within a GPU pool, with nodes randomly assigned tasks, eliminating direct buyer-seller bindings. Nodes receive POD token rewards from the protocol treasury based on the number of inference tokens processed. Users can purchase credits directly from the protocol using POD, ETH, BTC, USDC, XMR, and ZEC. All protocol revenue is allocated for market buybacks of POD, directly offsetting inflation.

For instance, Dolphin charges users $0.7 per million tokens for Qwen 3.6 35B, which is lower than OpenRouter's $1. Of this, $0.5 is paid to nodes, generating a net buyback of $0.2.

POD holders can stake their tokens in the xPOD treasury to receive automatic reinvestment dividends, daily inference quotas, and ecosystem subscription benefits. Node operators are required to stake POD bonds equivalent to four weeks of income, which are subject to forfeiture in cases of cheating. The reward multiplier mechanism can reach up to two times.

Ark Invest, led by Cathie Wood, has increased its holdings in Circle by acquiring 41,904 shares, valued at approximately $5.52 million. According to Foresight News, this move reflects Ark Invest's continued interest in Circle's potential within the financial sector.

RateX (RTX) is set to unlock approximately 1.23 million tokens on May 19 at 9:00 AM UTC+8. According to ChainCatcher, this token release is valued at around $1.71 million.

Quai Network is set to unlock approximately 43.02 million tokens on May 19 at 21:00 UTC+8. According to ChainCatcher, this token release is valued at around $1.2 million. The event is part of the network's ongoing token distribution plan.

A significant cryptocurrency investor, known as Emb5os, has continued to show confidence in Solana by purchasing an additional 73,253 SOL, valued at $7.12 million, and 2.5 million JUP, worth $620,500. According to ChainCatcher, over the past three days, Emb5os has accumulated a total of 177,913 SOL, amounting to $16.92 million, and 10.32 million JUP, totaling $2.56 million.

GoPlus has reported two new incidents of public private key leaks within the past 36 hours, resulting in a total loss of $238,000. According to ChainCatcher, one of the affected parties, 0xUnihax0r, suffered a loss of $200,000 and had previously uploaded a trading bot and Telegram. Another compromised address, belonging to @Eli5defi, is linked to a prior large-scale private key leak involving 574 addresses. GoPlus advises users to immediately follow a private key leak self-checklist to assess risks due to the concentrated nature of these breaches.

The evacuation of the last group of Australian passengers from the cruise ship 'Hondius' in Spain's Canary Islands marked the near conclusion of an international operation addressing a hantavirus outbreak. According to Odaily, the ship, carrying over 140 passengers and crew from 23 countries, has been the focus of international attention after the outbreak resulted in several deaths over recent weeks.

On the early morning of the 10th local time, the 'Hondius' arrived near the port of Granadilla on Tenerife Island in the Canary Islands. The ship, which has been under scrutiny, anchored several hundred meters offshore rather than docking directly at the port. This initiated a multinational medical transfer and evacuation operation.

Monad has initiated an airdrop to select active trader wallets. According to Foresight News, some users have reported receiving MON tokens.

A team-associated address linked to Ondo Finance recently received 150 million ONDO tokens, valued at approximately $63.88 million, from another team address. According to NS3.AI, within the past 8 hours, this address has transferred $9.157 million worth of ONDO tokens to various exchanges.

South Korea's National Policy Committee subcommittee has postponed discussions on a proposed basic act concerning digital assets, excluding it from today's finance legislation agenda. According to NS3.AI, the subcommittee will still address the Capital Markets Act during the meeting. This marks the final meeting for the subcommittee in the first half of the year. Deliberations on the digital asset bill are anticipated to resume only after a new parliamentary session is established following the June 3 local elections.

The U.S. House Ways and Means Committee is set to conduct a closed-door bipartisan briefing on cryptocurrency taxation this Thursday. According to ChainCatcher, the meeting aims to address the complexities and implications of taxing digital assets. This initiative reflects ongoing efforts by lawmakers to better understand and regulate the rapidly evolving cryptocurrency market.

CoinMarketCap's Altcoin Season Index has decreased by two points, reaching a level of 49. According to NS3.AI, this index is used to assess whether altcoins are performing better than Bitcoin.

On May 12, a substantial movement of LAB tokens was detected. According to BlockBeats On-chain Detection, 100 million LAB tokens were transferred from a centralized exchange (CEX) to on-chain addresses within the last 10 hours. This amount represents approximately 32% of the total circulating supply of LAB.

Additionally, it was noted that a similar large-scale transfer of the token RAVE occurred previously, also from the same CEX to on-chain addresses. The method of sourcing gas for these transactions was remarkably similar, suggesting that the same group may be behind both the RAVE and LAB token movements.