MeNews

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.

ME News reported on May 6 (UTC+8) that China Integrated Circuit Industry Investment Fund (the “Big Fund”), China’s largest state-backed semiconductor investment institution, is negotiating to lead DeepSeek’s first funding round. The financing could value the frontier AI laboratory at approximately $45 billion. The report cited four people familiar with the matter, who said that negotiations are still ongoing. (Source: ChainCatcher)

ME News, May 6 (UTC+8) — Hong Kong-listed gold stocks showed strong performance again in the afternoon session, with Shandong Gold (01787.HK) rising more than 5%. Meanwhile, Lingbao Gold (03330.HK), Chifeng Gold (0693.HK), and Zijin Gold International (02259.HK) all rose more than 4.5%. In addition, Zijin Mining (02899.HK) and China Silver Group (00815.HK) also rose approximately 2.5% each. (Source: MLion)

ME News, May 6 (UTC+8) — According to Coinbob’s monitoring of popular addresses, AMD’s better-than-expected earnings report was released, sending its stock up 16% during after-hours and overnight trading. yixie (X: yixie10), the biggest beneficiary of this market move on the Hyperliquid platform, has earned over $1.5 million in unrealized profit just 7 hours after opening the position.
The trader opened the position in advance at 23:00 last night, going long 25,973 shares of AMD with 2x leverage, for a position size of $10.7 million. The trader is currently the largest holder of a long AMD position on the platform and has yet to take profit.

The Sarawak AI Research Centre and Manchester have signed a memorandum of understanding on cooperation to develop green sovereign AI, naming privacy-focused AI company FLock.io as the sole technology partner. The partnership will support training and optimizing models where the data is located, reducing the need to upload sensitive data to centralized systems or transfer it across borders. FLock.io previously deployed localized, distributed AI infrastructure in Kuching and will hold roundtable discussions in Cambridge and Oxford on topics including AI policy, governance, and security.

On May 6, all three major A-share indexes rose, with the STAR Market 50 gaining nearly 9% in morning trading and approaching a high before closing up 5.47%; the Shanghai Composite rose 1.17%, the Shenzhen Component Index rose 2.33%, and the ChiNext Index rose 2.75%, with turnover reaching 3.23 trillion yuan. Market themes rotated rapidly: multiple memory chip stocks hit their daily limits, PET copper foil concept stocks rallied in the afternoon, precious metals rose, the oil and gas sector fell, and liquor stocks pulled back. More than 3,800 stocks rose, with multiple stocks hitting their daily limits, reflecting active market sentiment.

ME News, May 6 (UTC+8) — On-chain derivatives protocol Lighter announced that it has deepened its partnership with Circle, designating USDC as the default and preferred stablecoin across all Lighter products. Under the partnership, USDC will be used for spot and perpetual contract trading, settlement, clearing, and user onboarding on the Lighter platform. (Source: Foresight News)

The conflict in the Middle East has pushed up oil prices, while South Korea’s CPI in April reached its highest level in nearly two years, increasing the likelihood that the central bank will raise interest rates again in the second half of the year. The government’s cap on fuel prices has limited the rise in gasoline prices and eased inflationary pressure; however, higher airfares have driven up service prices, and the upward trend in prices may continue. Analysts said the central bank’s deputy governor’s remarks leaned toward focusing on inflation, and the bank may signal a policy shift within the month, with another rate hike possible at the July meeting.

Raposa Coffee Co. originated as an NFT project in the Solana ecosystem and announced at the Solana Accelerate USA conference that it had officially become the official coffee partner of the Miami Heat and the Miami Marlins. The company moved its headquarters to Miami and opened its first café and roastery. At its core is “Kups,” a Solana NFT collection featuring cute fox-themed characters; founder Andrew Sokolow launched and funded the brand through NFTs on Solana.

ME News, May 6 (UTC+8) — According to CoinGecko data, the quantum-resistant sector rose 22.4% over the past 24 hours, leading all sectors. Within the sector, ZEC rose 26.7%, GEEQ rose 7.4%, and STRK rose 6.7%. The zero-knowledge sector rose 18% over the past 24 hours, while the privacy coin sector rose 12.6%, ranking second and third, respectively. (Source: PANews)

BitMart’s BM Discovery Zone will launch the Chong Ya/USDT trading pair at 14:00 on May 6. Chong Ya is a meme coin on the BNB Smart Chain (BSC), with trading conducted on PancakeSwap. The term “Chong Ya” originates from Chinese internet slang and conveys the meaning of being proactive and charging forward. Keep pace with the market, and investors are welcome to participate in trading.

Wallet V launched its “AI Agent Cloning” feature on May 6. Users can select high-performing agents from the AI Trading Leaderboard and clone their strategy configurations with one click to create a personalized intelligent trading assistant. The cloned Agent reuses the original strategy’s prompt logic, while the prompt content remains encrypted and invisible. Users can also adjust the trading markets, model parameters, and risk control settings, flexibly combining strategy reuse with personalized configuration. The feature is designed to lower the barrier to high-frequency and quantitative trading, enabling ordinary users to quickly access professional-grade AI trading capabilities while ensuring security and controllability, thereby promoting the widespread adoption of intelligent trading.

ME News, May 6 (UTC+8) — International gold and silver markets showed a volatile upward trend. Data showed that the spot gold price rose to $4,650 per ounce, up 2.06% on the day. Meanwhile, New York gold futures also climbed sharply by 2.00%, currently quoted at $4,660.00 per ounce. In addition, spot silver performed even more strongly, surging 4.00% on the day to the latest price of $75.71 per ounce. (Source: MLion)

ME News, May 6 (UTC+8) — China’s largest state-backed semiconductor investment institution, the China Integrated Circuit Industry Investment Fund (the “Big Fund”), is negotiating to lead DeepSeek’s first financing round, which could value the cutting-edge AI lab at approximately $45 billion. The report cited four people familiar with the matter as saying that negotiations are still ongoing. (Source: ChainCatcher)

The Middle East conflict has driven up oil prices, pushing South Korea’s April CPI to its highest level in nearly two years and increasing the likelihood of another rate hike by the central bank in the second half of the year. The government’s fuel price cap has limited the rise in gasoline prices, easing inflationary pressure; however, higher airfares have driven up service prices, and the upward trend in prices may persist. Analysts said the deputy governor’s comments leaned toward prioritizing inflation, suggesting the central bank may signal a policy shift later this month and potentially raise rates again at its July meeting.

On May 6, all three major A-share indexes rose. The STAR Market 50 Index surged nearly 9% in morning trading and approached its high, closing up 5.47%; the Shanghai Composite Index rose 1.17%, the Shenzhen Component Index gained 2.33%, and the ChiNext Index advanced 2.75%, with turnover reaching 3.23 trillion yuan. Market themes rotated rapidly: multiple memory chip stocks hit their daily price limits, PET copper foil concept stocks rallied in the afternoon, and precious metals rose, while the oil and gas sector fell and baijiu stocks pulled back. More than 3,800 stocks rose, with multiple stocks hitting their daily price limits, reflecting active market sentiment.

Wallet V launched its “AI Agent Cloning” feature on May 6. Users can select top-performing agents from the AI trading leaderboard and clone their strategy configurations with one click to generate a personalized intelligent trading assistant. The cloned Agent reuses the original strategy prompt logic (the prompt content is encrypted and invisible) and allows users to independently adjust trading markets, model parameters, and risk control settings, flexibly combining strategy reuse with personalized configuration. The feature is designed to lower the barrier to high-frequency and quantitative trading, enabling ordinary users to quickly access professional-grade AI trading capabilities while ensuring safety and controllability and promoting the widespread adoption of intelligent trading.

ME News reported on May 6 that spot gold rebounded after falling to $4,500 on May 4, rising another 2.3% this morning. Gold on Hyperliquid is approximately $4,651, reaching that level for the third time in the past seven days. Well-known short seller Abraxas Capital has turned from profit to loss during this rally. Its 5x leveraged short position has an average price of $4,650 and is worth approximately $22 million, making it currently the largest on-chain gold short position. Address: 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36.