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QCP indicates that BTC rebounded from approximately $75,000 to $78,000 mainly due to a rebound in risk appetite rather than fundamental improvements. The extension of Iran's ceasefire reduces short-term geopolitical risks, while the Federal Reserve remains data-dependent and has not signaled any easing. Futures show new short positions and negative funding rates, with volatility increasing under short squeeze conditions. Short-term options volatility is around 40%, with downward skew protection and a flat term structure, pointing to a sideways pattern. The subsequent trend depends on oil prices and monetary policy signals; without clear catalysts, the market may continue to fluctuate within a range.

[ME AI]() News, Getty Images has partnered with OpenAI to integrate its vast licensed image library into ChatGPT, providing visual content support for user searches. As a global leader in visual media, Getty has previously collaborated with NVIDIA in the generative AI space, and this partnership further deepens its AI empowerment strategy. (Source: MLion)

[ME AI]() News: With iOS 27, the operating system’s underlying layer is rebuilt, deeply embedding AI into native apps to deliver a “frictionless / unobtrusive” intelligent experience. Highlights include Siri cross-application coordinated actions, personalized context-aware predictive suggestions, and opening up API interfaces to third parties, while all data processing focuses on privacy protection. (Source: MLion)

Nuveen strategist Laura Cooper stated in the report that Wash's hearing sent calming signals, emphasizing the Federal Reserve's independence and policy continuity; Wash did not commit to a specific interest rate path, advocating cautious balance sheet reduction, and using the mean as a guide, excluding tail risk assessment trends. This approach is effective during energy shocks or when providing clearer signals but may underestimate inflation.

In the Core Memory podcast, Brockman revealed two developments: first, GPT-5.4 Pro has been used to solve a new Erdős problem, demonstrating that lightweight training can also lead to significant breakthroughs. If this capability is applied to drug discovery, the potential is enormous; second, in response to Ashley Vance's criticism that large model writing lacks soul, Altman admitted that personalization is still insufficient. Brockman stated that a related new model is upcoming, and it will be available for trial and feedback after the podcast launch.

At the Global Web 4.0 Conference Roundtable held in Hong Kong, experts proposed that the core of security will shift from pre-audit to real-time monitoring and response. Topics included paradigm shifts, the boundaries of smart contract auditing, real-time response, and the safety of institutional funds' assets and operations. The discussion covered whether future security infrastructure will move toward decentralized networks or be led by major institutions, with the conclusion indicating that technological and procedural evolution will enhance on-chain trust and compliance of digital assets.

Altman revealed on the Core Memory podcast that during early negotiations, he and three others had agreed to turn OpenAI into a for-profit company, with Musk demanding majority ownership and serving as CEO, but later insisting on absolute control over OpenAI, which became the breaking point. He said this version had not been disclosed publicly for years, only revealed when litigation was imminent, fearing Musk might withdraw the lawsuit before court and affect the clarity of the facts. The lawsuit is scheduled to be heard on April 27, with Musk's claim amounting to several billion dollars.

ME News Update, May 20 (UTC+8), a last-minute change in the Clarity Act could impact protections for decentralized finance (DeFi) developers. The U.S. Securities and Exchange Commission (SEC) may soon release a framework regarding tokens. (Source: MLion)

On May 20, according to CoinMarketCap data, the top five gainers among the top 100 by market cap tokens are MemeCore (M) +9.45%, with a current price of $3.47; NEAR Protocol (NEAR) +7.57%, $1.62; Ondo (ONDO) +6.64%, $0.3635; Injective (INJ) +6.52%, $4.89; and edgeX (EDGE) +6.32%, $1.29. Source: ChainCatcher.

PatronusAI co-founder Anand Kannappan stated that the deal between SpaceX and Cursor is essentially an experiment: whether developer behavior data is truly a bottleneck for coding models. Cursor has the largest developer footprint worldwide, and the deal enables it to train Composer on the Colossus supercomputer, while xAI also uses the same data to train Grok to compare the differences. If the data is valuable, the valuation is a $60 billion acquisition; if not, they pay $10 billion as an experimental cost.

According to MSX data, on May 20th, the U.S. stock semiconductor sector experienced a V-shaped intraday reversal, with many stocks narrowing their declines or even turning positive. CBRS surged over 11%, Micron rose 4%, SanDisk 3%, Intel 2%; Nvidia and TSMC saw slight gains and turned green. AMD's decline narrowed to less than 0.5%, Qualcomm's decline was about 3.2%, Western Digital, Coherent, and others narrowed to within 2%. Source: ODAILY

AirJelly is a desktop AI assistant founded by former ByteDance PM Bert. The team is based in Beijing, with 11 people, and the project has received funding from Five Sources Capital. It takes screenshots with Enter, uses Accessibility to obtain application information, models the information as Event, and then outputs Task. It takes about 300 screenshots, reducing the cost to one-fifth. Data is localized, and memory is divided into Entity and Task, with Proactive push. It currently supports macOS, while Windows/Linux are under development. The official website is airjelly.ai. In the future, it will offer Next Enter Prediction and a team version.

Kim Hyun-jung, a member of the Digital Asset Special Task Force of South Korea’s Democratic Party, said that after the local elections, it will advance a basic law related to stablecoins (second-phase legislation) and convene a bill subcommittee at that time. Although controversies such as unresolved disputes over restrictions on major shareholders at exchanges have yet to be resolved, the bill is still expected to ultimately pass due to the positive stance toward stablecoins taken by the newly appointed central bank governor, Shin Hyeon-sun. The task force plans to meet with the governor after the election to emphasize improving the CBDC and the Korean won stablecoin framework, aligning international tax rules, and strengthening the infrastructure for responding to digital-asset-related crimes.

AIMPACT News, May 19 (UTC+8), according to market sources, OpenAI co-founder and former Tesla AI director Andrej Karpathy has joined Anthropic. (Source: BlockBeats)

On April 22, Altman was comforted, saying "It's stressful but probably a good thing," to which he replied, "At least no one wants to kill me," the next day his home was attacked with a Molotov cocktail. He said this incident provides a reference, and similar events may happen in the future, but he continues to work.
On April 10 and 12, Altman's residence was attacked successively: 20-year-old Daniel Moreno-Gama was arrested after throwing a Molotov cocktail at the door without injury, carrying an anti-AI manifesto;
On the morning of April 12, two people, Amanda Tom and Muhamad Tarik Hussein, were arrested in a Honda car for suspected negligent shooting, police seized three guns, and the two are unrelated.

The SEC proposes to amend registration and issuance rules to improve the efficiency and flexibility of public fundraising, reduce costs, and simplify the information disclosure framework. The proposal expands shelf registration and facilitates registration and communication openness for more issuers, broadens research coverage, and eliminates the application of multi-state laws at the federal level. The large accelerated filer threshold increases from $700 million to $2 billion, and it will not be included in this category within 60 months after an IPO due to changes in market capitalization. The public comment period lasts 60 days after publication in the Federal Register.

Deloitte has acquired blockchain infrastructure company Blocknative through talent acquisition. The Blocknative team will focus on driving Web3 innovation within Deloitte’s client ecosystem. According to an announcement on Blocknative’s official website, operations are being gradually phased out, with the API and Gas Network being progressively shut down; operations are expected to stop on June 19. Blocknative was founded in 2018 and focuses on real-time mempool monitoring, Gas fee prediction, and transaction management. Gas Network is a decentralized oracle network that provides real-time Gas data. This move aligns with the wave of crypto-ecosystem integration, as traditional firms such as Deloitte expand accounting, audit, and other services for crypto companies.

ME News reports that Kevin Wash sold off most of his financial assets to resolve nomination disputes before assuming the role of Federal Reserve Chair.
Government documents show he received an asset divestment certificate on May 16, having sold investments worth at least $100 million, though the underlying assets were not disclosed.
The nomination disclosure indicates his assets are at least $192 million, possibly more, and two small assets were not disclosed.

Key Investment Macro states that although Japan accumulated steady growth momentum before the Iran war, GDP growth is expected to stagnate in this quarter and the next.
Household spending and corporate investment increased month-on-month in the first quarter, exports rose significantly, surpassing import growth, supporting growth; but government consumption slowed down, and the supplementary budget did not have a substantial impact on spending.
Consumer confidence plummeted, and the fuel price cap only temporarily curbed inflation; even if another supplementary budget is proposed for gasoline subsidies, it will at most stabilize consumer spending.