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5/11
20:34
Svmuu reports that while hosting a dinner at the White House Rose Garden, US President Trump sounded out attendees on who would be the Republican presidential candidate in 2028. “Will it be JD (Vice President Vance)? Or someone else? I don't know either,” he said. He then asked who supported Vance and who supported Rubio, calling it “a pretty good pairing.” (Jinshi)
20:33
Stream Finance announced on platform X that the Stream trading protocol is seeking ways to maximize the value of assets for clients and creditors, with the goal of consolidating, liquidating, and distributing assets as prudently and quickly as possible. The team is currently considering several strategic alternatives that require the participation of clients and creditors, and expects to provide more details in the coming weeks. For related inquiries, please contact Jeremiah Ledgwidge of Cooley LLP.
In November last year, Stream Finance disclosed a $93 million asset loss and suspended withdrawals, subsequently causing XUSD to significantly depeg.
20:30
Svmuu reported that the Meme coin application Zap announced on the X platform that it will shut down on June 1. Last year, the team aimed to develop an app that would allow anyone to register and purchase their first Meme coin within 30 seconds. Although this goal was achieved, it did not gain the expected market traction.
It recommends that users log in to their accounts and export their private keys before the shutdown on June 1, and suggests importing them into Phantom to continue accessing all assets. After June 1, users who have not yet exported their private keys can still securely access their funds through Privy Home.
20:24
Svmuu reports that MARA's first-quarter revenue was $174.6 million, down 18% year-over-year, with a net loss of $1.3 billion, primarily due to unrealized losses on 38,689 Bitcoin held on its balance sheet. MARA sold approximately $1.1 billion worth of Bitcoin during the quarter to repay debt and improve liquidity.
The company stated that Bitcoin mining remains its operational cornerstone, but it is shifting its business towards AI and digital infrastructure, and it does not anticipate large-scale ASIC miner purchases in the future. Its hashrate has now expanded to 72.2 EH/s, and it mined a total of 2,247 Bitcoin during the quarter.
20:19
Svmuu News: Bitcoin inscription browser Ord.io announced on the X platform that its platform will shut down on June 1. Launched three years ago as an Ordinals browser with voting functionality, Ord.io has grown into a Bitcoin inscription exploration platform used by over a million users.
The platform once introduced the Satributes feature for discovering rare sats behind inscriptions, as well as the Block Vision feature for real-time monitoring of Runes minting activities. Ord.io will upload all historical voting records, replies, and public address data from the platform to GitHub to preserve related Bitcoin cultural data.
20:17
Svmuu reported that Japan's 10-year government bond yield rose 2 basis points to 2.54%, the highest level since June 1997. (Jinshi)
20:16
Svmuu reported that Roaring Kitty, the protagonist of the GameStop "Retail vs Wall Street" saga and the king of meme stocks, had his official X account allegedly compromised in the early hours of today. The hacker posted the contract address of the meme coin Red Kitten Crew (RKC), causing the token's market cap to briefly reach $12 million before plummeting to $1.8 million.
Shortly afterwards, Roaring Kitty appears to have regained control of the account and deleted the tweet containing the contract address. Roaring Kitty himself has yet to issue a clarifying statement, with the community widely believing that the posting of the meme coin contract address was due to a brief account compromise.
20:15
SvmuuNews Reported by Nikkei, the head of Samsung Electronics' largest union stated that if the company improves salary transparency, the union hopes to avoid the strike originally scheduled to begin on May 21. Choi Seung-ho, head of the Samsung Electronics union under the Samsung Group Federation of Unions, stated that management's ability to decide bonus payments autonomously makes the compensation system "lack transparency."
As Samsung's largest union, it has approximately 70,000 members, accounting for over half of the company's total workforce. The union resumed negotiations with management on Monday, following talks that were suspended at the end of March and later resumed under the mediation of relevant South Korean government departments.
The union warned that if negotiations fail, members will strike for 18 days, from May 21 to June 7. It estimates the strike could cause daily losses of 1 trillion won (approximately $680 million), with additional costs required to restore semiconductor production lines to full capacity. The union hopes to allocate up to 15% of each business division's operating profit for bonuses and to remove the bonus cap. (Jin Shi)
20:12
According to Onchain Lens monitoring, a whale spent 3.02 million USDC to buy 71,832 HYPE at $42.
19:59
Svmuu reports, according to Onchain Lens monitoring, FTX/Alameda has unstaked 199,263 SOL, worth $19.4 million.
19:14
According to monitoring by Svmuu Seer Channel, in the Polymarket prediction event "NBA Playoffs Eastern Conference Semifinals G4 Pistons vs. Cavaliers," an account (address: 0x9ac2536ed93f8fe8ce91d9662b03bcbb19ccbe3d) with a win rate of only 35% purchased $370,000 on the Pistons defeating the Cavaliers. The average opening price was 60¢, resulting in an unrealized loss of $9,300.
NBA Playoffs Eastern Conference Semifinals G4 Pistons vs. Cavaliers will tip off today at 8:00 AM Beijing time. The series currently stands at 2-1, with the Pistons holding a temporary lead. This game will be played at the Cavaliers' home court, where they hold a 5-0 record in this year's playoffs, averaging 119.2 points per game.
Svmuu Seer Channel continues to monitor the prediction market, seeing change before prices are set.
14:23
Svmuu Data shows that Circle's stock continued to climb during trading, with gains expanding to 18%. The stock price broke through $134 and is now reported at $134.36, bringing its market capitalization to $33.06 billion.
13:44
Svmuu reports that OKX market data shows BTC has broken through 82,000 USDT and is currently trading at 82,000.1 USDT, with a 24H increase of 0.75%.
12:58
Svmuu reported that TradingView has seemingly disclosed the IPO timing for prediction market platform Polymarket. According to a countdown displayed on its website, Polymarket's IPO date is likely December 31 of this year.
12:55
SvmuuNews According to three U.S. officials, after negotiations with Iran reached an impasse on Sunday, Trump met with his national security team on Monday to discuss the next steps regarding the war with Iran, potentially including the resumption of military action. The officials stated that Trump hopes to reach an agreement to end the war. However, Iran has rejected many of his demands and refused to make meaningful concessions on its nuclear program, bringing military options back to the table.
Trump has recently made multiple public threats, stating that if diplomatic efforts fail, he would bomb Iran's infrastructure facilities. According to officials, one of the options under consideration is striking the 25% of targets that the U.S. military has identified but not yet hit. U.S. officials noted that Vice President Vance, U.S. Special Envoy Witkoff, Secretary of State Rubio, Defense Secretary Hegseth, Chairman of the Joint Chiefs of Staff General Dan Caine, CIA Director John Ratcliffe, and other senior officials are expected to attend the meeting on Iran. (Jinshi Data)
12:48
Svmuu reports that the Ethereum Foundation has disclosed the outcomes of a recent interoperability meeting among core developers held in Svalbard, Norway, and provided an update on the key technical progress of the next upgrade phase, "Glamsterdam." During the meeting, multi-client teams collaborated on network scaling and execution layer optimization, making progress in several areas. Developers confirmed that a "credible path" post-Glamsterdam has been agreed upon, based on the combined results of ePBS, BAL optimizations, and the EIP-8037 repricing mechanism.
On the execution layer side, ePBS (External Proposer Separation) has been running stably on the multi-client Glamsterdam-devnet. The external block builder process has completed end-to-end testing, covering nearly all client implementations. Meanwhile, EIP-8037 has been finalized, establishing the fixed cost_per_state_byte model and completing the full repricing parameter output on bal-devnet-6.
The expansion track "Hegotá" has also made progress. FOCIL-related prototypes now have operable implementations. The scope of requirements for Account Abstraction (AA) has been defined, and the next phase will move to multi-client devnet verification. Current development efforts remain focused on the final delivery of Glamsterdam, while simultaneously advancing the Hegotá expansion design and the subsequent Strawmap roadmap evolution. The devnet is now live, and features like FOCIL are expected to be further deepened in the next phase of testing.
At an organizational level, this interop meeting also marked the official start of leadership restructuring within the Protocol Cluster. The new leads include Will Corcoran, Kev Wedderburn, and Fredrik. Will Corcoran will oversee zkVM proofing and post-quantum consensus coordination, Kev Wedderburn will lead zkEVM research and development, and Fredrik will be responsible for protocol security and the Trillion Dollar Security project. Former Protocol Cluster leadership team members Barnabé Monnot and Tim Beiko will gradually step back from management roles, while Alex Stokes is entering a sabbatical cycle. The Foundation stated that during their tenure, the Protocol team successfully advanced modularization and drove the Fusaka upgrade to launch (December 2025), introducing PeerDAS and increasing mainnet gas capacity.
12:40
Svmuu reported that Frax Finance announced on X platform that DeFi project Tangent will open pre-deposits in one week, with frxUSD serving as one of the default stablecoins, alongside USDC to support the protocol's initial liquidity deployment.
Frax stated that Tangent will be built on the frxUSD PegKeeper pool on Curve Finance, further enhancing frxUSD's application scenarios and capital depth within the on-chain liquidity system as a core DeFi stablecoin.
12:35
Boundary Labs, a stablecoin infrastructure startup, has announced the completion of a $2 million Pre-Seed round led by Galaxy Ventures, with participation from First Block Capital, BlackWood, and others, as it plans to launch its institutional-grade stablecoin on the main ethereum network in the summer of 2026. USBD and its pledged version, sUSBD, are described as supporting daily on-chain disclosure of reserve status, net asset value (NAV), and protocol operational data, as well as employing overcollateralization and Delta Neutral hedging strategies to mitigate market volatility and directional risk. boundary emphasizes that its protocol does not use recursive leverage and requires that all revenue sources maintain a Delta Neutral structure. Boundary emphasizes that its protocols do not use recursive leverage and requires all revenue streams to maintain a Delta Neutral structure. (The Block)
12:29
SvmuuNews: In the OpenAI lawsuit, Satya Nadella testified in court as Microsoft's CEO at the U.S. District Court in Oakland, California. The case centers on the ongoing legal dispute over OpenAI's non-profit structure and its path to commercialization. The lawsuit, filed by Elon Musk in 2024, accuses Microsoft of "aiding and abetting the breach of charitable trust obligations" during OpenAI's transition from a non-profit organization to a commercial entity. Microsoft has been making strategic investments in OpenAI since 2019, with cumulative investments reaching approximately $13 billion by 2023, making it one of OpenAI's most important external supporters.
During the trial, Satya Nadella reviewed the early partnership between Microsoft and OpenAI, mentioning that the two parties had established deep technological and computing power collaboration before the launch of ChatGPT. In his earlier testimony, Musk stated that Microsoft's additional investment of approximately $10 billion in OpenAI in 2023 was the key turning point that prompted him to file the lawsuit, adding that the scale of the investment altered OpenAI's original non-profit-oriented structure. During the trial, Musk stated: "We are concerned they are turning a charitable organization into a commercial tool." He also questioned Microsoft's potential dominant position in the development of Artificial General Intelligence (AGI) and pointed out that its deep integration with OpenAI could impact the competitive landscape of the industry.
The case is currently still under trial, and the debate surrounding OpenAI's governance structure, non-profit status, and control over the AI industry is expected to continue. (CNBC)
12:24
Svmuu报道, US President Trump said that he is seriously considering making Venezuela the 51st state of the United States.
When talking about the Iran issue, Trump also said that no one wants to be the president of Iran now, and that Iranian negotiators keep changing their views, showing a complete lack of integrity. Iran is a beautiful country, but its current management is incompetent. A source close to the Iranian negotiating team said that Iran has set a clear deadline for the unfreezing of frozen funds in its proposal. The US wrote in its proposal that it would unfreeze Iran's frozen funds, but Iran emphasized that these funds must be unfrozen within a specific period. An advisor to Iran's Supreme Leader stated that Trump's idea of taking advantage of the current "calm" situation is too naive. (Jin Shi)

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