RiskParachute

Michael van de Poppe states that Bitcoin is at a critical level; if it cannot hold, it will fall below $65,000, possibly approaching $61,000 and the 200-day moving average, but he believes it will not make a new low. The $71,000 region remains a key support; if maintained, the $61,000–$65,000 range will become a good buying opportunity in the coming years. If it breaks through $76,600, the target will be a new high, and a summer rally for altcoins may occur.

Cerebras Systems went public on NASDAQ on May 16, raising approximately $5.55 billion, with a 108% intraday increase, and a first-day market value of about $67 billion. The company's wafer-scale giant AI chips are seen as a potential competitor to Nvidia and have secured computing power orders from OpenAI and others. 1789 Capital (participated by Donald Trump Jr.) participated in pre-IPO financing, with a valuation of about $23 billion, with shareholders spanning Silicon Valley and Wall Street. Analysts say this IPO intensifies the concentration of capital in AI infrastructure and has attracted market attention.

Ethereum co-founder Lubin pointed out that artificial intelligence will become a key turning point in the crypto industry. If computing power and infrastructure are controlled by a few tech giants, it could trigger systemic risks. AI agents may autonomously trade, collaborate, and verify on the blockchain, forming a machine economy, with decentralized technology ensuring transparency and accountability. The integration of finance and DeFi is accelerating, driving the global economy toward programmability. Although there are quantum computing risks, developers have already taken corresponding measures.

Odaily Seer monitoring shows that attention is focused on Predict.fun’s predictions for the ranking of Changxin Technology’s IPO day closing market value, with the current trading volume at about 0.93 million yuan. Changxin Technology’s Sci-Tech Innovation Board has passed the review. It plans to raise 295 billion yuan, which may become the second-largest IPO in the board’s history. Driven by the storage upcycle, 2026 Q1 revenue was 50.8 billion yuan, and single-quarter net profit was 24.762 billion yuan, turning from year-over-year losses to profit. The market has extremely high expectations for its valuation after listing, and it may challenge the top tier of A-share market-cap rankings. Settlement will be based on the closing market value in descending order of the Eastmoney HSZB A-shares sector. Odaily Seer will continue to monitor.

According to ME News on May 29 (UTC+8), forecast market data shows that in the event "How will WTI crude oil perform in May 2026," the "Will WTI crude oil fall below $85 in May" option's trading probability increased from 24.5% to 51.5%, a daily increase of 27.0 percentage points.

CryptoWorld News reports that AI programming startup Cognition raised more than $1 billion in its latest funding round, valuing the company at $26 billion. This further confirms the market’s strong demand for companies leveraging artificial intelligence to assist with software development. According to an announcement the company plans to release on Wednesday, the venture capital firms Lux Capital, General Catalyst, and 8VC jointly led this round, with other investors including Ribbit Capital, Atreides Management LP, and Founders Fund, backed by Peter Thiel. Cognition’s valuation (including the funds raised in this round) more than doubled compared with its valuation in the previous funding round last September.

CryptoWorld News: TON short positions increased by 697,212.10 tokens, roughly equivalent to $570,471.79 at the current price. The position size is $7,375,528.26. The average entry price fell from $2.03 to $2.01. The current profit and loss is +$1,018,399.45 (+27.62%). The current token price is $1.77, with a liquidation price of $8.27. This address started shorting ZEC at $184; it once ran a floating loss of $21 million, then turned to profit. Recently, it became the S&P 500’s largest long position, with a scale exceeding 70 million.

CryptoWorld News reports that well-known trader Loracle's HYPE short position is experiencing increasing unrealized losses, currently totaling $24.06 million, with a loss ratio of 113.90%. The average entry price for this short is $45.31, the current coin price is $58.67, the liquidation price is $89.51, and the position size is $105.66 million.

🔥 Fortune AI Radar — $ARB
Fresh activity detected on $ARB today.
Data suggests increasing market interest & buyers stepping in.
Technicals currently lean bullish, with momentum trending upward.
Whales showing hints of accumulation and hype rising among trader

Mars Finance News, recently during the China Western International Investment and Trade Fair (referred to as "West China Fair"), Qianfang Technology's intelligent driving subsidiary Qianshu Technology signed a strategic cooperation agreement with Chongqing Digital Transportation Industry Group.
The two parties will collaborate on intercity highway autonomous driving typical freight demonstration route applications based on Qianshu's L4 level autonomous driving technology and Chongqing Digital Transportation's highway intelligent infrastructure in the Chengdu-Chongqing region's "Smart Travel Corridor" and "Hydrogen" and "Electric" corridors.

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Silicon Valley tech giants are footing an extremely unusual bill.
With every new product launch, the PowerPoint slides repeatedly emphasize: how many times the number of transistors has increased, how much computing power has surged. Everyone is celebrating the intelligence of this “brain.”
But upon carefully examining this computing power bill, you’ll notice a noteworthy misalignment: the total industry expenditure has more than doubled, yet the budget share allocated to the “brain” has hardly increased.
According to the latest breakdown data from the renowned research firm Epoch AI, from early 2024 to the end of 2025, the total expenditure on AI chip components worldwide skyrocketed from $22 billion to $52 billion. However, the cost share of the “computing brain” (the main logic bare chip), representing the most advanced manufacturing process, has remained steady at around 13% to 14%.
This means that what truly drains the pockets of tech giants is the “memory” warehouses—

NVIDIA states that AI and accelerated computing are reshaping the design, verification, and manufacturing of semiconductors, and has launched a video playlist titled "Semiconductors" containing 16 lectures. The content focuses on the role of AI and digital twins in manufacturing (EDA, computational lithography), the impact of memory innovation on AI performance, and the application of accelerated computing and AI supercomputers in industrial engineering. Guests include representatives from Samsung, Synopsys, Micron, ABB Robotics, Siemens, and others, discussing how AI, robotics, and simulation are driving manufacturing transformation and how intelligent AI agents are revolutionizing production in design and engineering. Source: InFoQ

BitMine (BMNR) has been preliminarily added to the Russell 1000 inclusion list, with a market capitalization of $10.75 billion, which is $570 million above the qualifying threshold. BitMine Chairman Tom Lee noted that many actively managed funds only buy Russell 1000 constituent stocks, and 20%-25% of a single stock’s market value is often held by passive funds or ETFs. If it is ultimately included, based on its current price, BitMine could receive at least $215 million in buying demand.