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 that spot gold rebounded after falling to $4,500 on May 4, rising another 2.3% this morning. The gold price on Hyperliquid was approximately $4,651, having tested this level three times in the past 7 days. Well-known short seller Abraxas Capital has turned from profit to loss during this rally. Its 5x leveraged short position has an average entry price of $4,650 and a size of approximately $22 million, making it the largest on-chain gold short position. Address: 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36.

On May 6, ME News reported that Taurus obtained a MiFID II investment license in Cyprus, issued by the Cyprus Securities and Exchange Commission. The license enables it to provide MiFID-regulated investment services for tokenized financial instruments to banks and asset management companies across the European Union, and supports secondary-market trading of tokenized bonds, fund units, equities, and structured products.

ME News, May 6 (UTC+8) — On-chain derivatives protocol Lighter announced an expanded 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)

ME News reported that on May 6, the national average retail price of regular unleaded gasoline in the United States rose to $4.54 per gallon, breaking above $4.50 for the first time. It was only about $0.50 below the June 2022 high of $5.01, setting a new record for this time of year. Trump said oil prices would fall after the war ended, but if prices remain high, risks to the Republican Party’s prospects in the November elections will increase. National gasoline inventories fell to their lowest level for this time of year since 2014, and Morgan Stanley expects inventories to tighten further over the summer.

The Sarawak State AI Research Center and Manchester signed a memorandum of understanding on green sovereign AI development, naming privacy-focused AI company FLock.io as the sole technology partner. The partnership supports training and optimizing models where 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 AI policy, governance, security, and other topics in the future.

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 rose sharply by 2.00%, currently quoted at $4,660.00 per ounce. Spot silver performed even more strongly, surging 4.00% on the day to the latest quote of $75.71 per ounce. (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. The biggest beneficiary of this move on Hyperliquid, yixie (X: yixie10), has earned more than $1.5 million in unrealized profit in just 7 hours since opening the position.
The trader opened the position at 23:00 last night, using 2x leverage to go long 25,973 shares of AMD, with a position size of $10.7 million. The trader is now the largest holder of AMD long positions on the platform and has not yet taken profit.

Wallet V launched its “AI Agent Clone” 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 dedicated intelligent trading assistant. The cloned Agent reuses the original strategy’s prompt logic (the prompt content is encrypted and not visible), while users can independently adjust the trading markets, model parameters, and risk control settings, flexibly combining strategy reuse with personalized configurations. This feature is designed to lower the barrier to high-frequency and quantitative trading, allowing ordinary users to quickly access professional-grade AI trading capabilities while ensuring safety and control, thereby promoting the widespread adoption of intelligent trading.

On May 6, the three major A-share indexes all rose. The STAR Market 50 Index gained nearly 9% in early trading, approaching its high, and closed up 5.47%; the Shanghai Composite Index rose 1.17%, the Shenzhen Component Index gained 2.33%, and the ChiNext Index rose 2.75%, with turnover totaling CNY 3.23 trillion. Market hotspots rotated rapidly, with multiple memory chip stocks hitting the daily limit, PET copper foil concept stocks rallying in the afternoon, and precious metals rising. The oil and gas sector fell, while liquor stocks pulled back. More than 3,800 stocks rose, with multiple stocks hitting the daily limit, reflecting active market sentiment.

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)