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.

The U.S. Dollar Index rose nearly 2% in September as the Federal Reserve focused on curbing inflation and fueled expectations of further rate hikes, driving Treasury yields higher. Although PCE came in below expectations and expectations for a rate hike in October cooled, a December hike has been priced in, with approximately 90 bp of tightening expected over the next 12 months. Williams and others sent hawkish signals. Treasury yields reached their highest levels since 2002, while energy and inflation risks rose due to the conflict involving Iran. Except for the yen, G10 currencies broadly weakened against the dollar, which may have entered overbought territory.

“Cosmetic Truce” Warning: Surface stability is masking risks. The U.S.-Iran conflict could flare up again after Trump’s visit to China, meaning the truce is merely delaying the inevitable. Although the market remains optimistic, buoyed by the Saudi-Iran memorandum, earnings from Apple and AMD, and Bitcoin’s rise, credit is tightening, with no takers for Qualtrics’ large transactions, Spirit Airlines filing for bankruptcy, and banks’ bad loans increasing. If the truce collapses between late May and early June while tech stocks remain strong, the risks could be postponed until the July earnings season.

Kalshi has completed a new $1 billion funding round led by Coatue Management, bringing its post-money valuation to $22 billion. This is the company’s third funding round in nearly seven months, with its valuation roughly doubling each time. The company has approximately 2 million monthly active users, annualized trading volume of as much as $178 billion, and annualized revenue exceeding $1.5 billion. Kalshi is positioning major financial institutions as its future growth engine. Despite facing multiple lawsuits from state regulators, prediction markets have rapidly entered the mainstream since the 2024 election.

Blitzy is an AI coding startup based in Cambridge, Massachusetts, founded by former NVIDIA architect Sid Pardeshi and others. The company has raised $200 million at a valuation of $1.4 billion, bringing its total funding to more than $204 million. Its platform can reverse-engineer enterprise codebases, build dynamic knowledge graphs, and coordinate thousands of AI agents to autonomously complete coding, testing, and validation, increasing development speed by more than fivefold, with AI handling 80% of the work. The company plans to expand its R&D and sales teams, deepen partnerships with regulated industries such as government, finance, and insurance, and highlight its full-stack autonomous development advantages in competition with GitHub Copilot and Cognition’s Devin.

ME News, May 7 (UTC+8) — Nasdaq-listed bitcoin treasury company Hyperscale Data announced that it will expand its digital asset and precious metals reserve strategy by purchasing 2,000 ounces of gold. The company currently holds 680.9595 bitcoins and 10,000 ounces of silver, and plans to increase its silver holdings to 100,000 ounces. (Source: ODAILY)

ME News reported on May 7 that the B.AI API model library has launched four models: GPT-5.5 Instant, DeepSeek-v3.2, MiniMax-M2.7, and GLM-5.1. GPT-5.5 Instant was adapted within 48 hours, reducing the hallucination rate in rigorous scenarios by 52.5%, with clearer logic, more concise output, and a zero-latency experience. All four models now offer full API access, and developers can consult the documentation for quick integration.

ME News, May 7 (UTC+8) — According to CoinMarketCap market data, BNB has broken through $650 and is currently quoted at $650.2, with a 24-hour increase of 0.3%. (Source: CoinMarketCap)

Lido Kelp Incident Update: The Snapshot vote authorizing EarnETH first-loss protection coverage for losses below the 1% threshold has reached quorum, and EarnETH losses will be fully covered by the first-loss mechanism. As part of the DeFi United relief plan, 2500 stETH has been transferred; the attacker's rsETH positions on Aave Ethereum and Arbitrum have been liquidated, with the collateral managed by Recovery Guardian. Once the Kelp pause is lifted, the EarnETH vault will immediately resume operations, and deposits and withdrawals will be restored. Losses will continue to be compensated under the first-loss mechanism, while the EarnETH and EarnUSD vaults continue to generate yield during this period.

An internal FBI memo instructs employees to assume that their personal information was stolen by the hacker group ShinyHunters. The group claims to have breached FBIjobs.gov and obtained nearly 2–3 TB of data, including names, phone numbers, addresses, and some spouse information, allegedly by exploiting a vulnerability in Oracle PeopleSoft. The FBI is investigating and has not yet confirmed the scope of the data or the method of the breach. The FBI’s head of cybersecurity mentioned a Dutch police operation in a video and urged the group to contact the FBI. ShinyHunters says it will not release the data.

ME News reported on October 1 (UTC+8) that U.S. Secretary of Defense Pete Hegseth announced that SpaceX CEO Elon Musk, Anduril founder Palmer Luckey, and former Speaker of the House Newt Gingrich will lead the Pentagon’s "Meridian Project" to study the future of warfare and next-generation military capabilities. The project is expected to submit its final results within 120 days. (Source: ChainCatcher)

ME News, May 7 (UTC+8) — Prediction market data shows that in the event “What will affect WTI crude oil in May 2026?”, the trading probability of “Yes” for the prediction “WTI crude oil will fall below $85 in May” rose from 40.5% to 64.0%, an increase of 23.5 percentage points in one day.

ME News, May 7 (UTC+8) — Prediction market data shows that in the event “What will affect WTI crude oil in May 2026?”, the trading probability of the “Yes” option for the prediction “WTI crude oil will fall below $85 in May” rose from 40.5% to 64.0%, an increase of 23.5 percentage points in one day.

ME News reported on May 7 that the B.AI API model library has launched four models: GPT-5.5 Instant, DeepSeek-v3.2, MiniMax-M2.7, and GLM-5.1. GPT-5.5 Instant was adapted within 48 hours, reducing the hallucination rate in rigorous scenarios by 52.5%, with clearer logic, more concise outputs, and a zero-latency experience. All four models are now fully available via API, and developers can consult the documentation for quick integration.

Blitzy is an AI coding startup based in Cambridge, Massachusetts, founded by former NVIDIA architect Sid Pardeshi and others. It has completed a $200 million financing round at a $1.4 billion valuation, bringing its total funding to more than $204 million. Its platform can reverse-engineer enterprise codebases, build dynamic knowledge graphs, and coordinate thousands of AI agents to autonomously complete coding, testing, and validation, increasing development speed by more than fivefold, with AI handling 80% of the work. The company plans to expand its R&D and sales teams, deepen partnerships with regulated industries such as government, finance, and insurance, and highlight its full-stack autonomous development capabilities in competition with GitHub Copilot and Cognition Devin.

Bitcoin approached its 200-day moving average of approximately $83,300 again on Wednesday but failed to break through, falling back below $81,000. The crypto market weakened broadly, with related indexes declining more than 2% over 24 hours. Holding above the 200-day moving average could reinforce the bull market narrative, but the risk of a false breakout remains. Future performance will depend on spot capital flows, exchange supply, and the health of the derivatives market. If all three improve in tandem, Bitcoin could rise toward the $85,000 range. The 10-year U.S. Treasury yield fell to 4.32%, which is viewed as positive for risk assets.

ME News, May 7 (UTC+8) — The World Gold Council stated that global gold ETF flows turned net positive in April, attracting $6.6 billion and driving total assets under management up 1% to $615 billion. Although global gold trading volume declined month over month in April, it remained above the 2025 average. All regions recorded net inflows, with Europe leading (+$3.7 billion); Asia (+$1.8 billion) and North America (+$1 billion) also recorded significant inflows. (Source: PANews)