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U.S. Stocks End Three-Session Losing Streak; Dell Surges More Than 15% on Better-Than-Expected Earnings, While Treasury Yields Nearing 5% Raise Concerns About a Global Pullback
U.S. stocks closed higher on Wednesday, with technology shares strengthening, Dell surging, and oil prices stabilizing. U.S. Treasury yields approached 5%, and global stock markets may face a 5%-8% correction. Trump said the strikes on Iran would end soon and that the Strait of Hormuz would be renamed the Trump Strait. The former British prime minister warned that failure to control debt would force emergency spending cuts. The Beige Book said the U.S. economy grew moderately, with AI and data centers serving as key supports. Tron’s USDT supply surpassed Ethereum’s for the first time. Broadcom’s Q3 results exceeded expectations, and its AI revenue guidance was raised. Robinhood Chain generated $3.75 million in daily fees, exceeding the combined total of Solana, ETH, and Base.
SPYX+0.08%
NAS100+0.56%
NVDA+0.81%
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DELL+3.64%
South Korean Police: 26 Polymarket Users Under Investigation, 18 Referred to Prosecutors, Involving Approximately 17.6 Billion Korean Won
As of September 15, South Korean police had opened investigations into 26 Polymarket users and referred 18 of them to prosecutors. The total amount wagered was approximately 17.6 billion won, with the highest amount wagered by a single individual reaching 5.7 billion won. Police tracked the cases through open-source intelligence and blockchain records, determining that the transactions constituted illegal gambling. The KCSC blocked Polymarket on August 18, deeming its “winner-takes-all” model to encourage a gambling mentality.
Hong Kong Policy Address: Promote the Issuance and Trading of Gold and Other RWAs on Licensed Platforms, and Test the Tokenization of Exchange Fund Bills by Year-End
Hong Kong’s Policy Address states that the Securities and Futures Commission will improve regulation of virtual asset licenses and tokenized investment products, and promote the issuance and trading of gold and RWA products on licensed platforms; it plans to issue digital bonds on a regular basis and explore the full-lifecycle applications of digital currencies. The Hong Kong Monetary Authority will test the tokenization of Exchange Fund Bills by the end of the year, with a total value exceeding HK$1.3 trillion. Under EnsembleTX, it will advance CBDC settlement and 24/7 operations, while continuing to explore tokenized deposit use cases.
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PAXG+0.53%
RWA+1.20%
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CICC: Gold’s support level is around $4,200–$4,500.
A CICC research report states that the Federal Reserve has more room not to raise interest rates than to raise them, and that bullish options with high uncertainty over the current upside are dominant. Based on a static estimate of U.S. Treasury yields and the U.S. dollar, gold’s support level is around $4,200–$4,500. Unless the Fed raises rates continuously, downside pressure on gold is relatively contained, but sustained gains will require a grander narrative. If the Fed does not raise rates, it could create a grand narrative of loss of confidence and de-dollarization for gold. However, rate hikes would weaken this narrative, meaning the upside would be smaller than in a no-hike scenario, and a narrative catalyst will be needed. (Source: Jin10)
GLDX-0.15%
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Paradigm Founder: The Zcash Developer Fund Is Very Important; Coin-Weighted Voting Alone May Hinder the Establishment of Long-Term Trust
Paradigm founder Matt Huang stated on X that the blockchain ecosystem lacks sufficient long-term sources of funding, and that public goods financing could fund developer grants through an inflation mechanism. In the face of advances in AI and quantum technology, the Zcash developer fund remains critically important; governance based solely on token-weighted voting may lead to unpredictability and needs to be combined with other governance methods. Paradigm is an investor in ZEC and ZODL. Early this morning, ZEC briefly broke above $1,385, setting a new all-time high.
ZEC+22.97%
BTC+1.24%
FLock.io’s two papers, CircuitSynth and GraphSynth, have been accepted to ACL 2026.
On May 5, FLock.io announced that two papers on synthetic data had been accepted to ACL 2026: CircuitSynth to Findings and GraphSynth to the Main Conference. Both address the diversity–accuracy trade-off in synthetic data. CircuitSynth is a neuro-symbolic framework that uses probabilistic sentential decision diagrams (PSDDs) as traceable semantic priors to decouple semantic reasoning from language generation. GraphSynth uses knowledge-graph-guided probabilistic subspace generation and models attribute overlap with factor graphs. This breakthrough is expected to improve the reliability of AI training in data-scarce fields such as medical diagnosis and weather forecasting.
Jump Trading Partners with Securitize to Advance On-Chain Stock Trading
ME News, May 5 (UTC+8) — Market maker Jump Trading is partnering with tokenization platform Securitize to advance on-chain stock trading within the existing regulatory framework. Jump will be responsible for market making and trading, while Securitize will provide infrastructure support. Securitize CEO Carlos Domingo
MicroAlgo Releases Quantum Blockchain Architecture, Introducing QKD and QSC to Enhance Security
MicroAlgo announced the launch of a quantum technology-based blockchain architecture that integrates circular quantum-secure channels and quantum key distribution to enhance transaction security and transparency. The four-layer structure consists of quantum communications, the blockchain core, smart contracts, and applications. QKD enables highly secure key distribution, while quantum encryption protects data and resists quantum attacks. Combined with key rotation and quantum signatures, it strengthens long-term security. Distributed ledgers and consensus mechanisms ensure that data cannot be tampered with and that transactions can be verified. Although the technology shows promise, challenges related to maturity and commercialization will still require time.
GPT-5.5 Can Autonomously Complete Full Cyberattack Simulations Now Available on ChatGPT and API
On May 5, the UK AI Safety Institute disclosed that GPT-5.5 had become the second AI model capable of autonomously completing a full cyberattack simulation, with performance nearly on par with Claude Mythos. Mythos is available only to a limited number of users, while GPT-5.5 has launched on ChatGPT and via the API. The research noted that leading AI models are rapidly improving their cybersecurity capabilities, while also raising concerns about AI being used for cyberattacks.
Jito will launch its trading app JTX in July, entering the consumer market.
Jito Labs will launch its consumer-facing trading app JTX in July, initially supporting Solana spot trading, with plans to expand into perpetuals and prediction markets. Perpetuals may be integrated through Phoenix. Since 2021, the company has grown to approximately 39 employees and holds more than $100 million in cash. Its 2025 performance has been strong, with weekly revenue reaching nearly $6 million during the meme coin boom, and it received a $50 million investment from A16Z. CEO Lucas Bruder said the company aims to move from infrastructure into front-end applications, directly reach users, and improve the on-chain trading experience.
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SOL+2.80%
MEME+3.08%
Vitalik: Cybersecurity Naturally Favors Defense, and Holding Crypto Means Betting on This
Vitalik Buterin opposes the common view that “AI will make cybersecurity doomed to fail,” arguing that security is biased toward defense. If AI can prove the security of complex programs, “security” could be treated as a theorem. Taking Signal as an example, security encompasses not only forgery, interference, and key leaks, but also hardware side channels and other threats, requiring verification of the entire system rather than merely scanning code snippets. This is the future direction of Ethereum’s development.
ETH+1.53%
Quantum Leap Completes $200 Million IPO, Plans to Pursue Acquisitions or Mergers in Areas Including Blockchain
ME News, May 5 (UTC+8) — Special purpose acquisition company Quantum Leap announced the completion of its $200 million initial public offering (IPO) and began trading on the NYSE under the ticker "QLEPU." The proceeds will be used to support its search for acquisition or merger transactions in areas including artificial intelligence, quantum computing, and blockchain. (Source: PANews)
a16z Launches $2.2 Billion Crypto Fund
a16z announced the launch of Crypto Fund 5, a $2.2 billion fund that will invest in crypto startups and growth-stage companies over the next decade, focusing on stablecoins, payments, financial services, decentralized systems, as well as perpetual contracts, lending, prediction markets, and tokenized assets. Despite subdued market sentiment and capital flowing toward AI, the crypto industry’s fundamentals remain near historic highs.
AI companies agree to give the U.S. government early access to evaluate model safety and performance
According to AIMPACT, Google, Microsoft, and xAI have agreed to grant the U.S. government access to their models before public release to assess their capabilities and enhance safety. Through an agreement with the Department of Commerce’s AI Standards and Innovation Center, developers will undergo pre-release reviews and participate alongside OpenAI and Anthropic. Based on this, OpenAI and Anthropic adjusted their partnerships to align with the priorities of the Trump AI Action Plan.
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Uniswap DAO Proposal to Reclaim $42 Million in Delegated UNI Tokens, Voting Ends This Week
The Uniswap DAO is voting on reclaiming approximately 12.5 million UNI previously lent to delegates and the foundation. The vote will end on May 8. Currently, about 53% support the proposal, 46% have abstained, and very few votes oppose it. The tokens were lent to increase governance participation, which has now improved significantly. The move aims to correct incentive misalignment, address decentralization concerns, and advance reforms such as fee mechanisms, buybacks and burns, and governance structure optimization to improve transparency.
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Musk and OpenAI Face Off in Court Over Whether It Breached Its Open-Source, Nonprofit Commitment
On May 5, the lawsuit between Elon Musk and OpenAI in California entered its third day, with heated arguments focusing on the relationship between Musk’s for-profit AI empire and OpenAI, as well as whether OpenAI violated its founding commitments to open-source development and nonprofit status. Musk accused OpenAI of straying from its original mission, while he operates for-profit ventures such as xAI. The outcome of the case could have far-reaching implications for the paths of open-source development and commercialization in the AI sector.
Warsh’s press conference lasted just 30 minutes, setting a record for the shortest ever
Warsh insisted at the press conference that he would not signal future actions, focusing instead on this week’s meeting and his economic outlook. The briefing lasted about 30 minutes, making it the shortest since 2011. Seating was rearranged alphabetically by media outlet name, with AFP given a front-row seat while The Wall Street Journal and Reuters were moved to the back. The future of the press briefing format remains uncertain. Warsh has established a special working group to study the communications mechanism, and the briefing format itself could also be eliminated.
Trump will hold talks on Iran with Gulf state leaders in New York next Tuesday.
ME News, September 17 (UTC+8) — U.S. President Trump plans to meet with the leaders of the Gulf Cooperation Council (GCC) member states in New York next Tuesday to discuss Iran. The meeting will focus on the postwar strategy for Iran proposed by the United States, with participants including Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Kuwait, and Oman. The discussions will focus on the regional situation and follow-up arrangements after the end of the Iran conflict. (Source: BlockBeats)
The three major U.S. stock indexes closed lower this morning, while SpaceX rose 5% and cryptocurrency-related stocks broadly declined.
After the Federal Reserve raised interest rates by 25 basis points, U.S. stocks closed lower on Wednesday: the Dow fell about 1.2%, the S&P 500 declined 0.44%, and the Nasdaq was nearly flat. Intel rose 4%, SpaceX gained 5%, while Goldman Sachs and Boeing fell nearly 4%. Crypto-related stocks generally moved lower, with MSTR, CRCL, COIN, SBET, BMNR, and HOOD mostly declining by 3%-6%. Source: BlockBeats.
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US500+0.54%
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INTC+4.01%
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Warsh: The Fed Can Contain the “Second- and Third-Order Effects” of Price Shocks
ME News reported on September 17 (UTC+8) that Wash said the Federal Reserve cannot single-handedly prevent shocks to commodity prices such as oil, but can use policy tools to prevent inflationary pressures from spreading and ensure that relative price changes do not produce second- or third-order effects, which is the central bank’s responsibility. The report also said that the war with Iran caused U.S. diesel prices to hit a record high.
SIX Swiss Exchange Receives FINMA Approval to Integrate Digital CSD Business and Offer Cryptocurrency Custody Services
SIX has received approval from FINMA to integrate a digital central securities depository into the existing SIX SIS, enabling cryptocurrency custody on the same platform and connecting end-to-end services across asset classes. Financial institutions can manage digital assets within a regulatory framework and under the same security standards as stocks and bonds, advancing its strategy to provide comprehensive post-trade solutions across Europe by 2030.