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News from Bianjie.com: BitcoinForCorps says that traditional credit markets are squeezing companies’ balance sheets. Before the pandemic, the UK’s business loan approval rate was about 80%, but it has now fallen sharply to 30–40%. He questioned, “If you can’t secure capital based on your own income, how can your company survive during an economic downturn?” Stress tests are now underway.

News from Coin Universe: Vivek Ramaswamy of Strive announced that he will continue to increase his Bitcoin holdings, and his BTC holdings are about to exceed 20,000 BTC.

According to Crypto news site CoinWorld, Jie has released an on-device Agent tool called Step Edge, with call latency as low as 0.1 seconds. The tool includes a base model, audio, gui, and gen. It is designed for end devices such as mobile phones and automobiles, and can process text, images, and speech locally to perform screen understanding, speech recognition, interface operations, and image generation. Simple, high-frequency, or weak-network tasks can be completed on-device, while complex reasoning is handled by the cloud; sensitive data does not need to be uploaded, reducing reliance on network and cloud computing power. In addition, Jie has also launched its self-developed Step Inference NPU inference engine, aiming to reduce latency on terminal chips. The official says the Step Edge series ranked first in 29 core evaluation metrics.

$BTC Old whales have finished their accumulation last year and are waiting for a rally.
However, New whales are continuing their accumulation. When their accumulation ends, the rally will begin.
What is clear is that whales are holding the largest amount in history.

A new study from the Centre for Alternative Finance at the University of Cambridge shows that the United States accounts for nearly one third of Ethereum node activity. The European Union (excluding the UK) is about 39%. Overall, node distribution is mainly concentrated across North America and Europe, but it is not focused in a single country. Nodes are primarily hosted by cloud service providers such as Hetzner, AWS, and OVH. Study lead Alexander Neumuller said that if more than one third of validators go offline at the same time, Ethereum checkpoints will stop final confirmation. The network should remain geographically distributed, and concentrating client software also poses risks—if a leading client has a vulnerability, it could affect the entire network. The study also re-evaluated Ethereum’s energy consumption after the Merge, estimating current annual electricity usage at about 7.9 GWh, down roughly 99.98% from before the Merge. The share of sustainable energy use exceeds 56%. (The Block)

CoinJie.com reports that Silicon Valley startups are currently seeing a surge in computing power credit demand, as AI vendors launch fierce competition to win enterprise customers. Cursor is offering a 75% discount. Sales teams from OpenAI, Anthropic, and others are offering generous terms—some founders even postpone fundraising and negotiate between vendors. Many companies provide cloud computing services and token credits, with totals often exceeding $3 million, which is equivalent to the U.S. seed round median. Google Cloud can provide up to $500,000 in cloud credits and early access to Gemini, while Microsoft and AWS also offer incentives. Vendors want to lock in startup customers early to build long-term revenue, while also facing growing challenges from increasingly powerful free and low-priced models.

Coin World News reports that Brantly Millegan, Operations Director of ENS Labs, posted on X saying that due to recent events and other reasons, he has decided to leave ENS and will gradually shut down projects such as GrailsMarket, ENSMarketBot, and EFP. Brantly said that most projects will stop operating within the next few weeks, but the code will continue to be open source. Brantly Millegan was previously a core member of ENS and later launched the Ethereum Follow Protocol (EFP) in 2024.

CoinJie.com news: The ETH long position floating loss of a Matrixport-associated address (sub-address 1) has widened. The current profit/loss stands at -28,025,764.97 USD, and the floating loss ratio is -895.51%. The address’s average entry price is 2,265.44 USD, the current coin price is 1,564.80 USD, the liquidation price is 1,063.16 USD, and the position size is 62,592,000.00 USD. This address has received multiple fund transfers from Matrixport (now renamed Bit), and it is currently the largest ETH long holder on-chain. In addition, two other associated addresses are working together to build positions.

CoinWorld News: XBIT DEX said in a post that the xbit Watch-the-Game Buddy Program has officially launched. Users are invited to share their game-watching stories and use AI to create interactive game-watching images. Participants need to write a short story, describing their game-watching buddy from four years ago, who they want to watch games with this year, and the champion team they predict. Participants also need to generate an AI game-watching image that includes xbit brand elements.

CoinWorld News, citing TASS and local officials, reported that a fuel depot in Russia's Krasnodar region caught fire due to falling drone debris.

CryptoWorld News reports that OnchainLens has reported a whale depositing 43,235 ETH into a certain platform, worth approximately $74.68 million. Currently, 43,562 ETH remain staked, valued at about $75.41 million, but the overall loss is approximately $12.7 million.

CryptoWorld News reports that Vivek Ramaswamy explained the reasoning behind companies holding Bitcoin and revealed that he owns 19k BTC, valued at over $1.2 billion at current prices.

Crypto World News reports that cryptocurrencies and digital assets have evolved from niche financial markets into a key battleground in the upcoming elections. According to a comprehensive new survey conducted by Harris Poll for Digital Currency Group (DCG), among 1,874 registered voters, 84% of Americans believe that individuals rather than companies should own their personal data. The survey also shows that 55% of registered voters are more likely to use services that focus on personal data usage. Julie Stitzel, DCG's Chief Policy Officer, stated that candidates supporting digital asset policies and financial privacy do not need to seek voter support; support from voters already exists. The survey also indicates that voters are paying attention to the ongoing intense debates, and the voting bloc supporting crypto will not be satisfied with progress that lacks concrete steps.

CryptoWorld News reports that 10xResearch states that Bitcoin has fallen $21,000 in the past 30 days, and this is not due to MicroStrategy. When the CPI reached 3.8% on May 12, they already considered inflation a potential resistance. Subsequently, ETF holders systematically liquidated their Bitcoin exposure. The current CPI data is crucial, and Bitcoin needs to stay below 4.0%. Their model indicates that the market has underestimated inflation and recommends close monitoring.

Wu Shuo learns that Delphi Digital released a report titled "Current State of the Token Market," stating that newly listed tokens in this cycle have performed weakly. Since January 2025, investing $1,000 in all major newly listed tokens on centralized exchanges (CEXs) has shrunk to about $500; the median new token has fallen 82% below its listing price, with only 12% above the listing price. The report suggests that scheduled unlocks, protocol revenue with limited return to holders, and airdrops used as exit liquidity are the main factors dragging down performance. As Uniswap, Aave, and others enable fee switches and buybacks, the revenue-weighted top protocol asset group has increased by 30% over the same period. Delphi believes that tokens worth paying more attention to in the future will simultaneously feature protocol revenue return mechanisms and supply release mechanisms linked to protocol performance.

CryptoWorld News: HYPE long positions’ unrealized profit has expanded to about $28.8849 million, with a rise of 175.57%. The current coin price is $59.61, the liquidation price is $49.22, and the position size is about $82.2588 million. This address launched major long positions on HYPE before it was listed on Robinhood; it is now the biggest HYPE long holder and previously suffered large unrealized losses.