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.

A U.S. court sentenced Meta-1 Coin operator Robert Dunlap to 23 years in prison for defrauding approximately 1,000 investors of more than $20 million. He claimed the token was backed by gold reserves and valuable paintings and promised high returns, while providing forged audit materials. The assets did not exist, the funds were used for luxury spending, and the token was never issued on-chain. The SEC filed a civil fraud case in 2020, but Dunlap was not criminally charged until 2024. The FBI said the case destroyed the wealth and trust of numerous victims.

ME News, May 3 (UTC+8), the Iranian Embassy in South Africa posted an image of U.S. President Trump on the social media platform X, captioned: “Pirate or President?” Previously, Trump had compared the U.S. blockade of the Strait of Hormuz to an act of piracy, calling it “a very profitable thing.” (Source: PANews)

ME News reports that LayerZero Labs V1 relayers will be deactivated on December 15, and Stargate V1 liquidity pools will also cease operations, without affecting V2 or Stargate Hydra. To simplify the experience, zero-fee withdrawals will be enabled. V1 messaging services will be suspended for approximately two weeks, after which the liquidity pools will resume withdrawals until the deactivation date. V1 positions must be removed before that date. Source: Foresight News

Router Protocol will cease operations on September 30, 2026, redirecting its funds to areas such as AI. Web3 liquidity is scarce, competition in the cross-chain sector has intensified, and revenue has been insufficient to support infrastructure costs. Although the team attempted various paths to commercialization, licensing, and acquisitions over the past year, all efforts failed. The team will burn the 303,333,198 ROUTE tokens in its treasury and coordinate with centralized exchanges to delist the token. Holders must withdraw their funds by the deadlines specified by each exchange. No new plans will be launched thereafter, but some core technology components will be open-sourced for continued community use.

AIMPACT published on May 4 that Vectorless RAG improves retrieval accuracy by removing the vector database. The PageIndex approach breaks with traditional retrieval logic by directly locating where the answer is in the document rather than selecting the most similar text chunks. This enabled Mafin 2.5 to achieve 98.7% accuracy on FinanceBench through changes to the retrieval primitives, rather than a more powerful embedding model. Traditional vector RAG has limitations when handling complex nested queries and precise numerical queries, which are difficult-to-overcome bottlenecks.

ME News, May 4 (UTC+8) — Federal Reserve Governor Kashkari said that an open mind is needed regarding the future of interest rate policy, and that the longer the war continues, the greater the inflationary pressure will be. In some cases, the Federal Reserve may need to raise interest rates, and even if the war ended completely now, it would still take several months for supply chains to recover. He is very concerned about the downside risks brought by the war. The challenge facing the Federal Reserve is the uncertainty surrounding the path of inflation. He looks forward to cooperation following the confirmation of Warsh’s nomination and remains open-minded about some of the concerns expressed by Warsh. (Source: PANews)

ME News reported on May 3 (UTC+8) that prediction market data showed the probability of “Yes” for “Will Lovable be acquired before 2027?” in the event “Which companies will be acquired before 2027?” rose from 13.5% to 35.5%, an increase of 22.0 percentage points in one day.

According to Lookonchain, on September 5, a trader first purchased 7.28 million MEME tokens at $0.126 each, spending $916,500, and then sold them for $353,000, incurring a loss of $563,000, or approximately 61.45%. The trader then purchased 8.93 million SLINK tokens at $0.04 each, spending $356,000, and ultimately sold them for only $12,000, incurring a loss of $344,000, or approximately 96.62%. (Source: ODAILY)

According to reports, the film Bitcoin has entered post-production with a budget of $70 million. Directed by Doug Liman, it stars Gal Gadot, Casey Affleck, Pete Davidson, and Isla Fisher. The film may portray Craig Wright, who claims to be Bitcoin’s inventor, as Satoshi Nakamoto, potentially sparking controversy within the Bitcoin community and influencing mainstream audiences’ perceptions. No major U.S. distributor has been confirmed yet.

Reports indicate that U.S. negotiators helped facilitate last year’s preliminary peace agreement between Armenia and Azerbaijan by pledging to provide Nvidia AI chips. To encourage Armenia’s participation, the United States expanded approval authority for chip purchases for a data center project, making it a prominent example of what has been described as “chip diplomacy.” The Trump administration had previously used AI hardware in negotiations with the United Arab Emirates and Saudi Arabia, but this was the first time such an approach was publicly used to help broker a peace agreement, further strengthening ties between the White House and the world’s largest chipmaker.

The Chuncheon District Court sentenced a 34-year-old man to one year in prison for violating the Act on Reporting and Using Specified Financial Transaction Information. The man solicited customers through a virtual asset cash-out channel he operated on Telegram, completing 152 transactions from January through June and receiving approximately 2.287 million USDT in total. After deducting a 2%-5% service fee, he exchanged the funds for cash in person without reporting his virtual asset business activities to South Korean financial authorities.

ME News reported on May 4 that Nominis’ analysis indicates the Iran-related crypto wallets newly seized by OFAC exhibit on-chain characteristics different from the IRGC’s previous patterns, suggesting the possible involvement of actors from other countries. The Treasury Department froze more than $340 million in Operation Economic Fury, bringing the cumulative total of Iran-related assets to nearly $500 million. IRGC wallets have typically favored diversification, low balances, and avoiding long-term holdings; the differences in this case have raised questions about the proportion directly controlled by the IRGC and whether they overlap with other countries’ financial networks. Levi noted that organizations including the IRGC and potential Chinese state actors are upgrading their blockchain infrastructure, making static risk labels insufficient and behavioral analysis and address clustering increasingly critical.

The Reppo Foundation has completed a $20 million financing round led by BoltsCapital to address the bottleneck in AI training data. Through a market mechanism that stakes tokens on the accuracy of judgments, it has created a self-correcting labeling system that incentivizes high-quality data. The platform’s trading volume has exceeded $2 million as it expands its infrastructure, demonstrating that decentralized networks can outperform centralized labeling services. Institutional investors are betting that the protocol can convert human opinions into the verifiable on-chain signals AI companies need, bypassing data silos.

On May 4, SpaceX is set to launch a large-scale IPO, prompting major Wall Street funds to make intensive portfolio adjustments. About a week ago, a private jet bearing the SpaceX logo flew nearly 200 fund investors to Texas for a roadshow. Demand was extremely strong, with every seat filled. With the listing imminent, there is market talk of investors selling technology stocks to subscribe to SpaceX shares, potentially involving tens of billions of dollars.

S&P Dow Jones announced changes to the constituents of the S&P 100, S&P 500, and S&P MidCap 400, effective September 21, 2026. Palo Alto Networks, Arista Networks, SanDisk Networks, and Dell Technologies will be added to the S&P 100; Nike, Colgate-Palmolive, and Honeywell Aerospace will be removed. Bloom Energy, Illumina, and Everpure will be added to the S&P 500. HubSpot, AGNC, Corcept, and Brinker will be added to the S&P MidCap 400.

On September 5, Onchain Lens monitoring showed that Wintermute held short positions with a notional value of approximately $99.82 million and long positions worth $5.12 million on Hyperliquid, while Galaxy Digital held approximately $26.41 million in short positions and $6.21 million in long positions, respectively. As of now, Wintermute has an unrealized loss of approximately $15.3 million, while Galaxy Digital has an unrealized loss of approximately $5.96 million. Source: Foresight News.

According to a CoinDesk-commissioned survey of 1,000 U.S. voters, only 1% consider cryptocurrency the most important issue in the 2026 midterm elections, with the cost of living ranking first. Most voters hold negative views of crypto; 27% have invested in or used it, while another 27% may participate in the future. 47% believe the Republican Party is more crypto-friendly, compared with 14% who say the same about the Democratic Party. However, when it comes to which party voters trust to manage crypto-related matters, the Democrats have a slight edge over the Republicans, while 40% say they trust neither party. Although crypto is not a core issue, about 40% of voters would be willing to vote for a candidate whose views on crypto align with their own.

Federal Reserve Governor Barr warned that stress in the private credit sector could trigger psychological contagion, further intensifying the credit crunch, and emphasized that regulation of Wall Street should continue to be strengthened as risks rise. Although direct links between banks and private credit are currently not “particularly concerning,” the overlap between insurance and private lending still warrants attention; if psychological contagion spreads through the market regarding private credit, cracks could emerge in the corporate debt market, potentially triggering broader credit contraction and financial stress.

As of 2025, Starlink has approximately 7.8 million users globally, a significant increase from 2021, but average monthly ARPU has declined by approximately 18%. The company is expanding in emerging markets through low-cost plans, with growth mainly coming from Africa, Latin America, and parts of Asia. Although high-margin businesses are growing rapidly, they account for a limited share. Analysts say it is transitioning from high-end satellite internet to mass-market global broadband to spread out costs and expand its global influence.