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U.S. Stocks End Three-Session Losing Streak; Dell Surges More Than 15% on Better-Than-Expected Earnings, While Treasury Yields Nearing 5% Raise Concerns About a Global Pullback
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.
SPYX-0.71%
NAS100-0.11%
NVDA-1.47%
META+0.99%
DELL+0.07%
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Hut 8’s Q1 Losses Widen, AI Data Center Long-Term Contracts Reach $16.8 Billion
Hut 8 announced its Q1 2026 results: revenue totaled $71.01 million, a significant year-over-year increase driven by ASIC Compute, AI Cloud, and cloud services; net loss was $253 million, including approximately $296 million in unrealized losses from changes in the fair value of digital assets. The company has sold four 310MW gas-fired power plants, refinanced a $200 million Bitcoin-backed credit facility, issued $3.25 billion in investment-grade project debt, and secured approximately $16.8 billion in long-term lease revenue support for AI data center campuses including River Bend and Beacon Point. Its development pipeline has reached 8,375MW.
HUT-3.91%
BTC-2.44%
Bloomberg: The United States Is Considering Promoting Dollar-Backed Stablecoins Overseas
ME News, September 24 (UTC+8) — Informed sources revealed that the Trump administration is considering a plan aimed at promoting the use of U.S. dollar-denominated stablecoins overseas to consolidate the dollar’s status as the world’s reserve asset. Stablecoin projects are among the areas the U.S. government is considering supporting by forming joint ventures with private companies. The move is intended to maintain the dollar’s monetary dominance and boost demand for U.S. Treasuries. (Source: PANews)
South Korea’s exports grew 78.3% year-on-year in the first 20 days of September, marking the strongest monthly growth on record.
ME News reported on September 24 (UTC+8) that South Korea’s exports grew 78.3% year over year during the first 20 days of September, marking the strongest monthly growth on record. This brought South Korea’s total exports to a record high of $71.4 billion and marked the fifth consecutive month of growth of at least 50.0%. Semiconductor exports were the main driver, surging 259.4% year over year to a record $34.1 billion. (Source: BlockBeats)
Jito Partners with Publicly Listed Solana Company to Provide Institutional-Grade Infrastructure to the Asia-Pacific Region
According to ME News on May 6 (UTC+8), the Jito Foundation is partnering with Solana Company (NASDAQ: HSDT) to provide institutional-grade Solana infrastructure to the Asia-Pacific region. The two parties will operate BAM validators in Hong Kong, Singapore, Japan, and South Korea using Pacific Backbone, a low-latency infrastructure network that supports staking, validation, and trading services in the Asia-Pacific region. In addition, the two parties will jointly develop an institutional-grade JitoSOL staking product, delivered through Solana Company’s consulting services model to meet the compliance requirements of large capital allocators. The Jito Foundation’s head of Asia-Pacific said that the partnership aims to bring Jito’s market-layer technology and
JTO-13.84%
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Hassett: Studying a Possible Executive Order on AI and Business, Will Provide a Clear Roadmap for AI
ME News, May 6 (UTC+8): Hassett, director of the U.S. White House National Economic Council, said: “We are studying possible executive orders targeting artificial intelligence and commerce. The executive orders will provide a clear roadmap for artificial intelligence. The Mythos model reveals vulnerabilities that we previously overlooked.” (Jin10) (Source: BlockBeats)
BNB breaks above $650, up 3.1% in 24 hours, currently priced at $650.6.
ME News, May 6 (UTC+8) — According to CoinMarketCap market data, BNB has surpassed $650 and is currently priced at $650.6, with a 24-hour increase of 3.1%. (Source: CoinMarketCap)
BNB-2.99%
QCP Analysis: Trump’s Suspension of “Project Freedom” Impacts the Market
ME News, May 6 (UTC+8) — QCP analysis indicates that Trump’s suspension of “Project Freedom” was interpreted by the market as a de-escalation signal, leading to lower oil prices, rising stock markets, and a weaker U.S. dollar. Bitcoin (BTC) returned above $80,000 as risk appetite recovered, with the spot price rising to $81,000 and gaining more than 6% during the week. However, the options market has not yet confirmed a full breakout, with 1-month at-the-money implied volatility at approximately 41% and the 30-day risk reversal at around -5.5 vol, indicating cautious optimism. QCP also noted that Japan may become a new source of macro pressure: a weak yen, rising risk of intervention by Japan’s Ministry of Finance, and increasing Japanese government bond yields could marginally tighten global liquidity. A breakout to $82,000–$83,000 remains critical for BTC; if global yields or oil prices rise sharply, the rally could be sold off. (Source: M
BTC-2.44%
Hassett: Studying a possible executive order targeting artificial intelligence and business, which will provide a clear roadmap for AI
ME News, May 6 (UTC+8) — White House National Economic Council Director Hassett said: “We are studying possible executive orders targeting artificial intelligence and business. The executive orders will provide a clear roadmap for artificial intelligence. The Mythos model reveals vulnerabilities that we previously overlooked.” (Jinshi) (Source: BlockBeats)
BNB is currently priced at $664.2, with a 24-hour increase of 5.2%.
ME News, May 6 (UTC+8) — According to CoinMarketCap market data, BNB is currently priced at $664.2, up 5.2% over the past 24 hours. (Source: CoinMarketCap)
BNB-2.99%
MiroMind, owned by Chen Tianqiao, suspends services in China.
According to AIMPACT, on May 6, MiroMind sent an email stating that its AI agent service, MiroThinker, would suspend service in mainland China, Hong Kong, and Macao starting May 12, 2026. The resumption date has yet to be determined. The official website will not be affected. A First Financial reporter confirmed the authenticity of the email. The move comes as the company’s intellectual property dispute escalates. An internal notice stated that Dai Jifeng, an early core team member, had breached commercial integrity.
Hut 8’s Q1 Losses Widen, Long-Term AI Data Center Contracts Reach $16.8 Billion
Hut 8 Announces Q1 2026 Results: Revenue of $71.01 million, up significantly year over year, driven by ASIC Compute, AI Cloud, and cloud services; net loss of $253 million, including approximately $296 million in unrealized losses from changes in the fair value of digital assets. The company has sold four 310MW natural gas power plants, refinanced a $200 million Bitcoin-collateralized credit facility, issued $3.25 billion in investment-grade project debt, and secured approximately $16.8 billion in long-term lease revenue to support AI data center campuses such as River Bend and Beacon Point, with its development pipeline reaching 8,375MW.
HUT-3.91%
BTC-2.44%
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U.S. April “small nonfarm payrolls” growth exceeds expectations, labor market resilience leaves less room for rate cuts
ADP reported that U.S. private-sector employment increased by 109,000 in April, while March’s increase was revised to 61,000. The labor market remains in a “low hiring, low layoffs” state. April’s employment growth exceeded market expectations, indicating that employment remains robust; amid high inflation, this also reduces the need for the Federal Reserve to cut interest rates.
Jito Partners with Publicly Traded Solana Company to Provide Institutional-Grade Infrastructure to the Asia-Pacific Region
ME News reported on May 6 that the Jito Foundation and Solana Company are partnering to provide institutional-grade Solana infrastructure across the Asia-Pacific region. Hong Kong, Singapore, Japan, and South Korea will operate BAM validators through Pacific Backbone, offering low-latency staking, validation, and trading services. The two parties will also jointly develop an institutional-grade JitoSOL staking product, delivered through Solana Company’s consulting model to meet the compliance requirements of large capital allocators.
JTO-13.84%
SOL-3.12%
SOL is currently priced at 89.81 USD, with a 24-hour increase of 5.0%.
ME News, May 6 (UTC+8) — According to CoinMarketCap market data, SOL is currently priced at $89.81, up 5.0% over the past 24 hours. (Source: CoinMarketCap)
SOL-3.12%
BitMart Futures Will List KAIOUSDT
ME News, May 6 (UTC+8) — According to an official announcement, BitMart Futures will list the KAIOUSDT perpetual contract at 23:00 on May 6, 2026 (UTC+8), with up to 20x leverage supported! (Source: BitMart)
ME-6.85%
BNB is currently priced at 650.6 USD, up 3.1% over the past 24 hours.
ME News reported on May 6 (UTC+8) that, according to CoinMarketCap market data, BNB is currently priced at $650.6, up 3.1% over the past 24 hours. (Source: CoinMarketCap)
BNB-2.99%
Zhongqing Robotics Completes Series B+ Financing; Foreign Investor Representative Steps Down as Director
ME News reported on May 6 that Shenzhen Zhongqing Robotics has completed its Series B+ financing after previously announcing the completion of a $200 million Series B round. The specific amount and investors have yet to be announced. Following the Series B round, its valuation surpassed RMB 10 billion, placing it among China’s top-tier humanoid robotics companies. REDA NIDHAKOU, a representative of the foreign investor, has exited the board of directors. The investment came from UAE capital. Source: PANews.
U.S. Media: “Trump Accounts” May Allow Wealthy Individuals to Donate Stocks Directly
The White House and Treasury Department are discussing expanding the range of investments eligible for 530A Trump accounts, potentially allowing donations of corporate stock to replace the current arrangement of investing only cash in index funds. If the rules change, Elon Musk could donate Tesla/SpaceX stock, and Jensen Huang could donate Nvidia stock. Donors could avoid taxes and receive a full charitable deduction, while children would gain long-term exposure to high-growth assets. However, the move would require legislative changes and internal debate to guard against market volatility risks.
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QCP Analysis: Trump's Suspension of “Project Freedom” Impacts the Market
QCP analysis says Trump's pause of “Project Freedom” is being interpreted as a signal of de-escalation, with oil prices falling, stocks rising, and the dollar weakening. BTC has returned above $80,000, with spot around 81k and weekly gains of over 6%. However, options have not yet confirmed a full breakout, with 1-month at-the-money volatility around 41% and the 30-day risk reversal around -5.5, indicating cautious optimism. Japan may become a new source of macro pressure, as a weaker yen, rising government bond yields, and increasing intervention risks marginally tighten global liquidity. BTC would need to break through $82,000–$83,000 to gain stronger breakout momentum; if yields or oil prices rise sharply, the rebound could be sold off.
BTC-2.44%
XRP is currently priced at $1.4549, up 3.0% over the past 24 hours.
ME News, May 6 (UTC+8) — According to CoinMarketCap market data, XRP is currently priced at $1.4549, with a 24-hour increase of 3.0%. (Source: CoinMarketCap)
XRP-5.07%