Hollow Y

A-shares are blasting off! The tech growth line is fully exploding, and the Sci-Tech 50 hits a historic high.

Today, the A-share market is on fire, with all three major indexes soaring together. By the close, the Shanghai Composite Index rose over 1%, firmly holding above the 4200-point mark, while the Shenzhen Component Index and ChiNext Index also gained ground, with the ChiNext Index hitting a nearly 11-year high. The Sci-Tech 50 Index even set a new historical peak, showcasing significant profit-making opportunities in the market.

On the charts, the tech growth trend is fully unleashed, with sectors like semiconductors, AI computing power, and consumer electronics leading the charge across both exchanges. Funds are visibly flocking to high-volatility, high-growth assets, with net northbound capital inflow exceeding 10 billion yuan in just half a day, and trading volume has significantly surged.

Market analysts suggest that current liquidity remains reasonably ample, combined with a slew of favorable industrial policies, with hard tech as the leading growth style taking center stage. The Sci-Tech 50 has been the first to break through historical highs, sending a strong bullish signal, indicating that funds are optimistic about the long-term prospects of the tech innovation sector. As the market's risk appetite continues to rebound, tech sector leaders with high growth potential are expected to further drive the trend deeper into bullish territory. #A股开盘跌至2750点附近📉 #a股行情

ReservationLive

Iran Rejects US Proposal, Trump Responds 'Completely Unacceptable'

This report summarizes the escalating tensions in the Middle East. Iran has officially turned down the latest proposal put forth by the US, triggering a strong reaction from the American side. President Trump responded, stating that Iran's reply is 'completely unacceptable'.

Reportedly, the US proposal included several binding requirements for Iran, covering critical issues like nuclear activities, regional influence, and ballistic missile programs. After internal consultations, Iran rejected the proposal, arguing that it disregards their national interests and security concerns.

In a subsequent public statement, Trump took a hardline stance, clearly indicating that Iran's response is disappointing. Analysts suggest that the gap in core issues between the US and Iran remains vast, making it difficult to bridge in the short term.

Iran insists that any agreement must be based on mutual respect and reciprocal commitments. They claim that the US proposal lacks balance and cannot serve as a foundation for further negotiations.

Currently, neither side has signaled a clear intention to return to the negotiating table. The international community is concerned, fearing that further escalation could impact the stability of the entire Middle East region. The United Nations has called on all parties to exercise restraint and continue diplomatic communications. However, as it stands, there are no signs of a breakthrough in the deadlock between the US and Iran. #伊朗拒绝美国和平方案 #伊朗人民在呐喊

Trump warns Iran against "misbehavior," risk-off sentiment may rise again

US President Trump recently issued a fresh warning to Iran, stating that if Iran engages in "misbehavior," the US will resume military strikes against it. This statement has shattered previous expectations of a thaw in US-Iran relations, adding more uncertainty to the Middle East situation.

Trump did not clearly define what constitutes "misbehavior," and this vague phrasing has heightened market concerns about the potential for fluctuating US foreign policy. Analysts note that the current market's biggest worry is not extreme hardline statements, but the ongoing swings in policy signals—this kind of uncertainty can often be more destructive than a sustained state of tension.

As a result, international crude oil and gold prices have seen increased short-term volatility, with investors' risk-off sentiment noticeably rising. Several institutions have warned that if the US continues to send mixed signals, safe-haven funds may once again flow into traditional safe assets like US Treasuries and the Japanese yen in large volumes.

At present, the Iranian government has yet to officially respond to Trump's latest remarks, but there is widespread attention on its nuclear activities and the actions of regional proxies. It is certain that any miscalculation by either party could ignite a new round of tensions, and global markets will be put to the test amid these fluctuating policy signals. #伊朗拒绝美国和平方案

The U.S. Senate will review the Clarity Act on May 14, marking a pivotal moment for crypto regulation.

The American crypto regulation is taking a crucial step forward. The Senate Banking Committee is set to hold a hearing on the Digital Asset Market Transparency Act of 2025 (commonly known as the Clarity Act) on May 14 (next Thursday) at 10:30 AM. This move signifies the official restart of the bill aimed at ending the 'regulatory vacuum' surrounding crypto assets after months of deadlock.

The core of this bill is to clearly delineate the jurisdictions of the SEC and CFTC, providing a comprehensive federal regulatory framework for digital assets. Previously, crypto businesses have long faced uncertainty regarding regulations. This legislative breakthrough comes from a key compromise: it prohibits earning interest-like returns on idle 'static' stablecoins but allows rewards for stablecoins involved in payment activities and other network functions. This approach attempts to balance crypto innovation with concerns from traditional banking.

Despite the progress, resistance remains. Groups like the American Bankers Association are still lobbying hard, warning that certain provisions could lead to deposits flowing out of insured banking systems. Additionally, the insistence of Democratic lawmakers to include 'ethical clauses' prohibiting senior government officials from profiting during their regulation of the crypto industry has not been fully resolved in the committee version.

The market has already started to react. With expectations of clearer regulations, traditional brokerages like E*Trade, under Morgan Stanley, have entered the fray in early May, offering low-fee access to retail crypto trading, showing that Wall Street is betting on regulatory dividends.

Currently, the bill has passed in the House of Representatives, and if the Senate committee review goes smoothly, it will move to the full Senate voting stage. Industry observers believe that in the current political climate, this is a historic window for the U.S. to establish comprehensive regulatory rules for crypto assets. #特朗普称美伊很有可能达成协议 #美国4月CPI数据回落

US stocks' three major indices all closed in the green, with the Nasdaq up 2% hitting new highs.

On Tuesday local time, all three major US indices rallied together, with the Dow Jones up 1.2%, briefly reclaiming the 50,000 point mark during intraday trading; the S&P 500 rose by 1.4%, and the Nasdaq was the strongest performer, climbing 2%. The latter two indices both set new historical closing highs.

Tech stocks were the main drivers of this rally. Nvidia surged 5.7%, reaching a market cap of $5.05 trillion, further solidifying its position as a chip giant. Google's parent company Alphabet rose nearly 3%, while Intel increased by 4%, indicating a strong overall performance in the semiconductor sector.

Analysts believe that the market's continued optimism about the prospects of artificial intelligence and strong earnings expectations from tech giants are the primary factors driving this rally. Investor confidence is rebounding, with funds accelerating into the tech sector, lifting all three indices higher simultaneously.

By the close, the Dow, S&P 500, and Nasdaq all recorded substantial gains, and overall market sentiment leaned toward optimism. However, some voices caution that after the indices continually set new highs, there is a need to be wary of potential short-term technical pullback risks. #美国4月ADP就业超预期

UAE Claims to Have Intercepted Iranian Drones and Missiles, Fujairah Oil Zone Hit by Fire

On the 4th, the UAE reported that its air defense systems successfully intercepted multiple drones and missiles from Iran, but the Fujairah oil industrial zone was still attacked, resulting in a fire. The blaze has been brought under control, and there are no reports of casualties. The UAE condemned this as a serious threat to regional security.

In response, the Iranian military stated that there were no premeditated plans to attack UAE oil facilities. They claimed the incident stemmed from US forces attempting to establish an "illegal passage for vessels" in the relevant waters, leading to an escalation of tensions. Iran emphasized that its actions were solely to safeguard its own security and accused the US of exacerbating regional tensions.

Currently, operations in the Fujairah oil industrial zone are somewhat affected, leading to slight fluctuations in international oil prices. All parties are urged to exercise restraint to avoid further escalation. #美伊波斯湾交火 #伊朗

Buffett pointed out in his latest statement that now is not the ideal funding environment for Berkshire Hathaway. This aligns with the company’s operations in Q1: Berkshire has net sold stocks for the 14th consecutive quarter, with cash reserves climbing to a record $397 billion. Despite maintaining a disciplined investment approach, the company’s fundamentals remain solid, with Q1 operating profit up 18% year-over-year.

Meanwhile, Abel made it clear in his debut at the helm that he 'won't chase AI for AI's sake,' showcasing a pragmatic style that echoes Buffett’s philosophy. As Vice Chairman of Berkshire’s non-insurance business and Buffett's successor, he continues the investment discipline focused on value and not blindly chasing trends. Overall, this cash-rich, well-managed company is taking a wait-and-see approach amid the current overvalued market environment, gearing up for a smooth transition into the Abel era. #巴菲特

ZEC hits Robinhood and THORChain, jumping 6% in a day and leading the privacy sector

The privacy sector is finally seeing some long-awaited spotlight. Market data shows that Zcash (ZEC) surged about 6% in the past 24 hours, outpacing major privacy coins and outperforming similar projects.

On the news front, ZEC has released two significant bullish signals: first, it has officially launched on the compliant U.S. trading platform Robinhood, opening the door to millions of retail investors; second, it has integrated the decentralized cross-chain protocol THORChain, enabling native liquidity swaps across multiple chains without the need for wrapped assets.

Industry insiders analyze that Robinhood's listing signifies a breakthrough for ZEC in terms of compliance and user accessibility, while the connection to THORChain fills the gap in its DeFi interoperability. This double bullish sentiment has reignited interest from investors in the privacy sector.

Currently, privacy coins still face global regulatory pressure, but ZEC's dual push through mainstream channels and decentralized facilities may provide a new pathway for the sector's development. Short-term sentiment has clearly improved, but future trends will depend on whether ecological developments can continue to materialize. $ZEC

The Fed Keeps Rates Steady, Diverging Opinions, Powell's Continued Role Draws Attention

The latest FOMC meeting confirmed the baseline rate remains unchanged, with no shift towards cutting rates just yet, though there's clear division among members.

During the vote, three committee members opposed the wording in the policy statement suggesting future rate cuts, highlighting concerns over inflation rebound; meanwhile, member Milan directly called for a 25 basis point cut, exacerbating the bull-bear divide and making the market more cautious about future monetary policy moves.

At the same time, Fed Chair Powell's personnel decisions are under the spotlight. He confirmed that after stepping down as chair, he will stay on as a board member, stating he will leave at an appropriate time and will not play the role of a "shadow chair," aiming to alleviate market concerns over policy continuity.

This rate decision combined with personnel statements reflects the Fed's tough balancing act between combating inflation and ensuring growth, keeping global financial markets highly attuned to the pace of future rate adjustments. #美联储何时降息？

Robinhood's Crypto Revenue Takes a Major Hit, Reflecting Cooling Market Enthusiasm

Recently, the US online trading platform Robinhood released its Q1 2026 earnings report, revealing a significant drop in crypto revenue, which has become the center of attention in the market. Data shows that its Q1 crypto income was just $134 million, a drastic 47% year-over-year decline, with nominal trading volume in crypto also shrinking by 48%. This clearly indicates a notable drop in retail trader enthusiasm for crypto.

Due to the underperformance of its crypto business, Robinhood's overall results fell short of market expectations, and after the earnings report was released, its stock price plummeted over 6% in after-hours trading, highlighting increasing investor concerns about the crypto sector. Despite the company's overall revenue growing 15% year-over-year and impressive gains in options and stock trading, the steep decline in crypto operations remains a core drag on performance.

This sharp revenue drop is attributed to a decline in retail trading activity in the global crypto market, with geopolitical tensions and macroeconomic fluctuations prompting retail traders to adopt a more cautious approach. Robinhood's performance in the crypto space not only signals the company's own operational challenges but also reflects the broader industry trend of cooling enthusiasm and a conservative shift in capital flows within the crypto market. #加密收入下跌

I find $PIXEL the most intriguing layer, not because it can be staked, but because it's being turned into a measuring unit for issuance resources.

Many game tokens ultimately fall into an old problem:
There are rewards, scenarios, and communities, but it always remains just 'in-game assets', making it hard to climb higher.
@Pixels resonates with me because $PIXEL is no longer just for players to claim and spend; it's starting to participate in deciding: which game deserves more ecosystem resources. When players stake pixel, they're not just supporting a pool, but influencing which games can receive incentives and subsequent resources; accepted studios can also gain free UA power proportional to community staking.

What does this mean?
It means it’s no longer just a 'result coin', but more like a 'scale for issuance budget'.
Whoever stakes more isn't just getting more visibility; they're more likely to grab the starting air first.
This design is quite mature because it shifts content competition from 'who tells a better story' back to 'who deserves to continue receiving resources'.
In plain terms, games are no longer just competing for player time; they're also competing for capital retention.

I have a high regard for this point because it allows tokens to encounter the hardest layer of the platform for the first time: resource allocation rights.
If a coin can only be spent, it can easily become lightweight;
If a coin can also decide 'who deserves to be pushed further', then its position rises significantly.
Of course, this path has its risks—if everyone ends up chasing short-term APR and short-term hype, it will slide back into the emotional market.
So what I want to see isn't how hot the pool is today, but whether the platform can continuously present tougher results like retention, net spending, and RORS, making it like a ruler, not just a gust of wind.

@Pixels $PIXEL #pixel

I'll break down the latest on the US-Iran talks, keeping it around 300 words to objectively present the whole picture in this news report.
US-Iran Negotiation Moves Draw Attention, Divergent Statements

Recently, news surrounding the US-Iran negotiations has kept the international community on edge, with both sides showing clear differences in their positions, leaving the negotiation process uncertain.

The Iranian Foreign Minister has publicly stated that the US has requested negotiations, and Iran is currently weighing the request carefully. However, US media reports reveal that Iran has proposed a related agreement to the US, suggesting a priority on reopening the Strait of Hormuz while postponing discussions on the core nuclear issues, effectively putting nuclear talks on hold.

Former US President Trump has expressed skepticism regarding Iran's proposal, feeling it doesn't fully meet US demands, though he hasn't outright rejected it, leaving some room for further communication down the line.

At present, both the US and Iran have their own positions regarding negotiation topics, with the shipping lanes and nuclear discussions intricately intertwined. Whether substantial dialogue can be initiated moving forward and if the situation in the Middle East can further de-escalate remains to be seen. #美伊局势新动态 #US-Iran War Enters Negotiation Phase

I'm increasingly convinced that @Pixels isn't just another farm game, but rather an ad tech company. Many folks looking at @Pixels first think: This is a farm game, a social casual project on Ronin. That judgment isn't wrong, but it only scratches the surface. Because in its own positioning, there's a line worth pondering: It aims to become a decentralized AppsFlyer or AppLovin, and not just serving Web3, but also extending into Web2 gaming. Why is this statement important? It directly reveals that the team compares itself not just to gaming peers. What they're really eyeing is the entire adtech lane of ad attribution, user acquisition, and budget efficiency. In other words, what @Pixels truly wants to do is not just 'make a great game,' but also create a product that focuses on 'how to grow users more efficiently, how to distribute rewards more accurately, and how to calculate ROI more transparently.' I hold this point in high regard because it suddenly connects many seemingly scattered designs. Why is RORS so crucial? Because it functions like ROAS, constantly asking how much return we get from the rewards spent. Why unify data, recommendations, content creation, game pools, and $vPIXEL? Because these aren't just for the main game; they're laying the groundwork for a bigger growth platform. When the team starts comparing itself to AppsFlyer/AppLovin rather than just other blockchain games, its ambition is no longer just 'to make a hotter game.' Of course, this path is much harder than for regular games. Because platform-level ambition is most afraid of being empty, especially when you have to keep the main game alive while also wanting to grow an adtech layer. But at least from a directional standpoint, @Pixels 's move is quite clear: It doesn't settle for just creating content; it wants to control the entire process of 'how growth happens after content.' If it truly runs in this direction, what makes @Pixels valuable in the end may not just be the number of players, but whether it becomes a foundational growth infrastructure that others are willing to integrate with. @Pixels $PIXEL #pixel

Powell's Investigation Drama Keeps Unfolding

Recently, the ongoing investigation into Fed Chair Powell has been a major hot topic in the market. DC Attorney General Piro announced that the probe into Powell would be put on hold.

However, things took a twist as the White House quickly responded, making it clear that the investigation is still in motion, and related cases involving the Fed won’t be dropped. This means that Powell's investigation isn't really over, and the drama is still brewing.

This inquiry revolves around matters related to the Fed, and the pause in the investigation by the prosecutors contrasts sharply with the White House's stance, creating significant uncertainty about the event's direction.

As a core financial institution, controversies surrounding the Fed's top brass are under close scrutiny from all sides. This incident could potentially impact not only the Fed's internal operations but also the future trajectory of monetary policy and market sentiment. The follow-up developments on this saga are still pending further updates. #白宫晚宴枪击事件 #Powell

The logic behind the partner game of @Pixels filters out not the 'weak projects', but those content providers who only ride the hype without contributing to the financials. A lot of ecosystem collaborations seem lively. With logos galore and announcements flying, it looks like the market cap is swelling. But the biggest issue with this buzz is that it often stops at 'looking bigger', without generating any sustainable value. What I appreciate about @Pixels is that it hasn't taken the route of being open to anyone. It has strict requirements for partner games: they need to have economic potential, be willing to share data streams, possess stable monetization paths, continuously update, and integrate $PIXEL / $vPIXEL into the reward system while ensuring revenue flows back to the staking pool. Why are these standards important? Because what they filter out is often not weak projects, but teams that only want to leverage the ecosystem's hype without genuinely adhering to the same growth and distribution logic. In plain terms, what Pixels aims to create is not just a roster of collaborations, but a unified operational syntax. If you're coming in, it's not just about sharing a name, but also about sharing a data language, a reward logic, and a revenue recirculation discipline. This will completely change the flavor of the entire ecosystem. Ordinary collaborations feel more like resource borrowing: today you give me some hype, tomorrow I'll give you some traffic. @Pixels feels more like building an alliance: if you join, you must collectively take responsibility for RORS, for player quality, and ensure that the token and revenue paths make sense. Such platforms might not expand the fastest, but once they hit their stride, the system will be far more stable than simply chasing buzz. My assessment of this trajectory is straightforward: the real sophistication of the platform lies not in 'how many projects it has onboarded', but in 'which projects it chooses not to onboard'. The clearer the boundaries, the less likely the ecosystem is to turn into a noise field. If these standards can be consistently upheld, the most valuable aspect of @Pixels in the future may not be the growing number of partners, but rather the increasing quality of content that enhances one another. This is rarer in blockchain gaming compared to short-term collaboration posters. #pixel