RecodeX

📡 Market Update | 16:00-17:00

1. In the last 24 hours, $468 million was liquidated across the board, with $444 million in longs being wiped out due to extreme market volatility, hitting leveraged traders hard.

2. Moscow faced its largest drone attack from Ukraine in over a year, resulting in four fatalities and escalating geopolitical tensions.

3. Italy's largest bank has increased its crypto asset holdings to $235 million in Q1, making its first purchases of Ethereum and XRP, signaling a growing institutional acceptance of digital assets.

4. Rising bond yields are testing the momentum of the AI-driven stock market rally, with market risk appetite being suppressed.

5. ADA whale holdings have surged to nearly 67%, reaching a new high since 2020, indicating increased accumulation by big players and bolstered market confidence.

6. Vercel Labs has launched an experimental system programming language called Zero, designed for AI agents, capable of automatically reading, fixing, and deploying native programs.

7. The first domestically produced pumped storage power station's variable speed unit has commenced installation in Zhaoqing, Guangdong, marking a breakthrough in the localization of variable speed pumped storage technology.

8. After the bankruptcy of American EV startup Fisker, owners have formed an association and are pushing for an open-source tech ecosystem for self-rescue, facing challenges like funding interruptions and operational shutdowns.

📡 8小时回顾 | 05月17日 08:00-16:00

过去8小时，全球市场在多重压力下震荡：比特币跌破8万美元引发加密市场清算潮，美国国债收益率飙升拖累股市回落；地缘局势持续紧张，伊朗扣押船只、委内瑞拉引渡案件、埃博拉疫情升级等事件交织；AI领域分化明显，英伟达与谷歌争夺主导权，但AI对就业的冲击已开始显现。

宏观经济

1. 美国国债收益率升至数月高点，标普500和纳斯达克指数双双回落，市场避险情绪升温。

2. 美国财政部允许俄罗斯石油豁免到期，油价逼近100美元，加剧全球通胀压力。

3. 日本一季度抛售330亿美元美债，引发比特币与黄金的资产价值争议。

4. 国际能源署下调石油需求预测，能源股减持讨论升温。

5. 中国市场监管总局发布34项重点工作，持续护航民营经济发展壮大。

加密市场

1. 比特币跌破8万美元，永续合约多头清算达1.85亿美元，但长期持有者未实现利润创14个月新高。

2. Hyperliquid巨鲸11.4万枚ETH多单由浮盈1300万美元转为亏损1000万美元，凸显高杠杆风险。

3. 波兰众议院通过修订后的加密货币法案，将数字资产纳入欧盟MiCA监管框架。

4. 阿布扎比主权财富基金增持贝莱德比特币ETF，哈佛大学清仓以太坊ETF，机构投资方向分歧。

5. 分析师警告比特币或接近阶段性顶部，获利了结压力上升，三个主要迹象表明底部尚未到来。

AI与科技

1. 英伟达和谷歌采取不同策略争夺AI主导地位，英伟达专注芯片销售，谷歌深入应用开发。

2. OpenAI与马耳他政府合作，为所有公民免费提供ChatGPT Plus访问权限，推动AI素养发展。

3. 近期裁员中四分之一归因于人工智能，美国涉及AI的就业岗位开始减少。

4. 字节跳动和快手在AI视频生成领域超越西方竞争对手，AI将在2026年世界杯首次亮相。

5. 三星电子劳资双方明日重启第二轮调解，此前工会宣布将发动为期18天总罢工。

地缘政治

1. 伊朗扣押中国安保公司船只，中国强调霍尔木兹海峡应保持开放；美能源部长称海峡最迟今夏重开。

2. 委内瑞拉驱逐萨博并加强与美国合作，将涉及腐败的亿万富翁商人引渡至美国。

3. 世界卫生组织宣布刚果和乌干达的埃博拉疫情为全球卫生紧急事件，病毒株尚无获批疫苗。

4. 俄罗斯Be-200飞机在叶伊斯克附近被击落，为首架在战斗中损失的该型水陆两栖飞机。

5. 中国浙江海关查获400余台加密货币矿机走私案，显示中国持续打击违规挖矿活动。

市场情绪：整体偏谨慎，加密市场与股市同步承压，地缘风险与流动性收缩主导短期走势，投资者需关注国债收益率变化及中东局势演变。

📡 Market Update | 14:00-15:00

1. The WHO has declared the Ebola outbreak a global health emergency, with cases confirmed in Uganda and the Democratic Republic of Congo's capital, and there’s no approved vaccine for this virus strain yet.

2. A piece of malware called Fast16 is linked to the Stuxnet virus, aimed at sabotaging nuclear weapons simulation tests, potentially a move to stall Iran's nuclear program.

3. The Shanghai Stock Exchange is organizing a survey for international investors focusing on sci-tech firms, aligning with the 14th Five-Year Plan, to attract overseas mid-to-long-term capital into China's quality sci-tech assets.

4. Analysts warn that three major indicators suggest Bitcoin's bottom hasn't been reached yet, advising traders to stay cautious.

5. Samsung Electronics will resume labor negotiations tomorrow to resolve ongoing disputes, affecting attention in the tech sector.

6. Iran plans to develop deep-sea renewable energy resources in the Strait of Hormuz, escalating geopolitical tensions.

7. Japan is facing increased bear attacks, leading to a surge in sales of robotic wolves, showcasing technology's response to real-world issues.

8. Buffett's Berkshire Hathaway portfolio has seen changes, with specific adjustments in holdings drawing market attention.

📡 Market Update | 13:00-14:00

1. Nvidia and Google are taking different strategies to vie for AI dominance; Nvidia focuses on chip sales while Google dives into app development.

2. Hongxin Electronics teams up with Huawei to build a large-scale Token factory based on the Ascend 384 supernodes in Wuxi, with the first batch deploying 4 servers.

3. In Brazil, the amount seized due to illegal cryptocurrency activities skyrocketed to about $14 million in 2025, up 600% year-on-year.

4. The South Korean Prime Minister pointed out that a one-day shutdown of Samsung's semiconductor plant could result in an economic loss of up to 1 trillion won, highlighting the critical impact of chip production on the economy.

5. Russian officials reported the downing of over 70 drones near Moscow, with Ukraine not responding, as geopolitical tensions continue to rise.

6. Oil shocks have led to an economic loss of $45 billion, while Beijing's silence on the Hormuz Strait crisis heightens uncertainty in the crude oil market.

7. Berkshire, under Abel's leadership, has increased its stake in Delta Airlines again in the first quarter, while Boeing received orders from China, but the scale fell short of expectations, putting pressure on its stock price.

8. Thai authorities conducted a surprise raid on illegal Bitcoin mining operations, suspected of stealing electricity and causing over $80,000 in losses.

📡 Market Update | 12:00-13:00

1. On the geopolitical front, Xi Jinping and Putin congratulated each other on the opening of the China-Russia Expo, emphasizing strengthened bilateral cooperation; the US Energy Secretary stated that the Strait of Hormuz will reopen by this summer at the latest, which could stabilize global oil supply; an explosion occurred in Beit Shemesh, Israel, with the defense company involved claiming it was a planned test.

2. The crypto market dropped in sync with the stock market this week, primarily due to soaring Treasury yields; Hyperliquid's largest ETH long position held 114,000 ETH, flipping from unrealized gains to a $10 million loss, highlighting high leverage risks.

3. In the AI sector, ByteDance and Kuaishou have surpassed Western competitors in AI video generation; AI is set to debut at the 2026 World Cup, reshaping football tactics through real-time data models and 3D simulations.

4. In stock market news, the S&P 500 index rose for seven consecutive weeks but fell on Friday; Trump’s Q1 trades in NVDA, MSFT, and other stocks ranged from $220 million to $750 million, with large NVDA buys occurring ahead of major news.

5. In cybersecurity, Shandong police cracked a case involving virtual currency scams targeting minors, seizing 20,000 virtual coins, affecting over 200 victims; the corporate bug bounty program is flooded with AI-generated fake reports, increasing the review burden.

6. Geopolitical tensions remain high as the Philippine government requests the court to dismiss the International Criminal Court's warrant for a senator; a 6.0 magnitude earthquake struck the Eastern Caribbean, with no reports of casualties; South Korea stated it will seek all solutions to prevent a Samsung strike to maintain supply chain stability.

7. In tech, Bazel's remote caching has introduced content-based chunking technology to enhance build efficiency; China is expected to capture a significant share of the economic value in the robotics industry.

8. On the macro front, the market on May 17 is influenced by political factors, and investors should keep an eye on related developments; New York Magazine surveyed a well-known author facing plagiarism allegations.

📡 Market Update | 11:00-12:00

1. Long Island Rail Road workers are striking due to a breakdown in salary negotiations, affecting around 300,000 commuters.

2. Customs in Zhejiang, China, seized over 400 smuggled cryptocurrency mining rigs, highlighting China's ongoing crackdown on illegal mining activities.

3. The AI boom is driving storage chip profits to new highs, but cyclical risks remain in play.

4. Abu Dhabi's Mubadala Investment Company increased its stake in BlackRock's Bitcoin ETF by 16% in Q1 2026, with a total value of $565.6 million.

5. Samsung Electronics' labor negotiations restart tomorrow for a second round of mediation, following the union's announcement of an 18-day total strike.

6. Xiaomi's new color variant for the YU7 car, "Volcanic Ash," has been officially revealed, with the vehicle now in stores, set to launch by the end of May.

7. The World Health Organization has issued a global emergency alert regarding a rare and untreatable strain of the Ebola virus.

8. The ETHBTC pair has broken down from the descending triangle support level, intensifying bearish pressure on Ethereum.

📡 Market Update | 10:00-11:00

1. Analysts warn that Bitcoin might be approaching a local top, with profit-taking pressure increasing, potentially leading to a price pullback.

2. Venezuela is extraditing billionaire businessman Alex Saab, involved in a massive corruption scheme, to the U.S. in an effort to dismantle the powerful figures aiding ousted president Maduro in maintaining power.

3. Billionaire investor Bill Ackman has suddenly turned bullish on Microsoft, a partner of OpenAI.

4. Recently, one-quarter of layoffs have been attributed to artificial intelligence.

5. Japan sold off $33 billion in U.S. Treasuries this quarter, sparking debates over the asset values of Bitcoin and gold.

6. Nasdaq-listed Solana treasury company DeFi Development Corp. has seen its per-share SOL holdings grow by 108% year-over-year, providing structural support for SOL prices.

7. The market regulator has announced 34 key initiatives aimed at continuously supporting the growth of the private economy.

8. The International Energy Agency has downgraded its oil demand forecast, prompting discussions about trimming energy stocks.

📡 Market Update | 09:00-10:00

1. The Polish Parliament has passed the revised cryptocurrency bill, integrating the digital asset market into the EU's MiCA regulatory framework to provide legal clarity and investor protection.

2. The U.S. Treasury has allowed the expiration of exemptions for Russian oil, with prices nearing $100, intensifying pressure as global markets face a sell-off.

3. Circle CEO Jeremy Allaire expressed a willingness to invest in teams exploring AI agents for signing legal contracts, related to the Arc platform.

4. U.S. Treasury yields have risen to multi-month highs, leading to a pullback in both the S&P 500 and NASDAQ indices.

5. The Ministry of National Security warns that foreign espionage tactics have evolved, urging the strengthening of institutional, ideological, and technological defenses.

6. Hyperliquid whale's 114,000 ETH long position flipped from a $13 million profit to a $10 million loss, highlighting the volatility of leveraged crypto trading.

7. India may have missed its chance in the AI development race, possibly ending its reign as a darling of the global market.

8. Cybersecurity alert: Mindie.dev is scraping email addresses from user profiles and sending spam.

📡 Market Update | 08:00-09:00

1. Bitcoin has dipped below $80K, with perpetual contract longs getting liquidated to the tune of $185 million, while long-term holders are sitting on unrealized profits at a 14-month high.

2. Venezuela has expelled Saab and is tightening ties with the U.S., shifting the geopolitical landscape; a Russian Be-200 aircraft was shot down near Yeisk, marking the first loss of this type in combat.

3. The Chinese Ministry of Commerce states that the U.S. and China reached a preliminary agreement to reduce some tariffs at the Trump summit, although Trump's statements seem to contradict this.

4. Harvard University has liquidated its Ethereum ETF holdings, while the Abu Dhabi Sovereign Wealth Fund has increased its stake in BlackRock's Bitcoin ETF, indicating a divergence in institutional crypto investment strategies.

5. Oracle has successfully transformed, evolving from a 'dinosaur' in tech to a key player in the AI sector.

6. U.S. refiners have turned a profit from biofuels for the first time, driven by regulatory mandates and high oil prices.

7. The Nationals secured a decisive victory over the Orioles by 10 points, boosting their win rate back to 50%; the Marlins scored eight runs in the tenth inning, ending the Rays' home winning streak.

8. The World Health Organization has declared the Ebola outbreak in the Congo and Uganda as a global health emergency.

📡 Market Update | 07:00-08:00

1. Iran has seized a ship from a Chinese security firm, escalating geopolitical tensions; China emphasizes the need for the Strait of Hormuz to remain open.

2. Bitcoin has dipped below $80k, dragging the crypto market down with it, as ETF funds continue to flow out.

3. OpenAI teams up with the Maltese government to offer free access to ChatGPT Plus for all citizens, boosting AI literacy.

4. AI-related job positions in the US are starting to decrease, indicating a tangible impact of AI technology on the labor market.

5. Faraday Future secures $25 million in new funding, bringing their total over the past two months to $70 million, aimed at supporting robot expansion and AI-first strategies.

6. Ukraine destroys a rare Russian Be-200 aircraft at the Yeisk airbase and hits a Ka-27 helicopter.

7. Analysts warn that shrinking liquidity in the secondary market and soaring Treasury yields could pose significant misalignment risks for STRC preferred stock investors.

8. North America's largest commuter rail system halts operations due to a workers' strike, as the Midwest braces for severe storms.

📡 8-Hour Review | May 17th 00:00-08:00

In the past 8 hours, global markets have swung wildly under multiple pressures: the crypto market plummeted over $90 billion, with Bitcoin crashing below $78,000, hitting a two-week low; the yield on U.S. 30-year Treasury bonds surpassed 5%, triggering a macro risk reset; geopolitically, signals of tariff easing were released after the U.S.-China leaders' meeting, but the deadlock in Iran's nuclear talks and threats of blockade in the Strait of Hormuz heightened market risk aversion. Meanwhile, the AI and tech sectors showed divergence, with OpenAI, Nvidia, and others continuing to innovate, while the SpaceX IPO process accelerated into focus.

Macro Economy

1. The yield on U.S. 30-year Treasury bonds broke above 5% for the first time since 2007, putting pressure on the bond market and triggering a cross-market risk reset.

2. U.S. consumer prices rose 3.8% year-on-year in April, hitting a new high, as Trump returns to the U.S. facing inflation pressures.

3. Goldman Sachs warned that the momentum of the S&P 500 is nearing its peak, indicating potential future returns may weaken.

4. Kevin Warsh will replace Powell as the Fed Chair, with the market eyeing his impact on Trump's bull market.

5. Data from Japan's Ministry of Finance shows the funds available to intervene in the yen's exchange rate have increased to about $1.1 trillion.

Crypto Market

1. The crypto market plummeted by $90.3 billion in the past hour, with total market cap dropping to $2.59 trillion; Bitcoin fell to nearly $77,678, while Ethereum, XRP, Solana, and Dogecoin saw declines between 3.5% and 6%.

2. The U.S. CLARITY Act passed the Senate Banking Committee with a 15-9 vote, entering a critical legislative phase; Grayscale submitted a second revised S-1 document, planning to launch a spot BNB ETF.

3. The total market cap of stablecoins surpassed $32.33 billion, with a weekly inflow of $1.54 billion, maintaining USDT's market share at 58.67%.

4. A mysterious whale went long on $2.25 million worth of Dogecoin using 10x leverage, while a giant whale's wallet hoarded a record 108 billion DOGE; a buddy deposited 250,000 USDC into Hyperliquid, opening a 25x leveraged long position on Ethereum.

5. Analysts warn against buying Bitcoin, predicting BTC could drop to $45,000 before reversing; if Bitcoin breaks above $82,001, $1.194 billion in short positions will be liquidated, exacerbating market volatility risk due to high leverage.

AI and Tech

1. OpenAI is developing a Computer Use feature for Codex that allows remote control of other desktop devices, even when laptops are locked or in sleep mode; at the same time, OpenAI is undergoing a massive reorganization before its IPO, consolidating three major product lines and appointing Greg Brockman to take full control of product strategy.

2. Nvidia has open-sourced the SANA-WM world model, which can generate 60 seconds of 720p video using just a single RTX 5090 GPU, supporting precise six-degree-of-freedom camera control.

3. AI chip company Cerebras surged 51% on its first day of trading, reaching a market cap of $60.2 billion, but its chips have technical limitations and customer concentration risks.

4. Apple’s stock closed above $300 for the first time, hitting a historic high; TD Cowen raised Nvidia's price target to $275, maintaining a buy rating.

5. Large-scale layoffs related to AI jobs are beginning to emerge in the U.S., with some industries facing replacement risks; AI systems in knowledge work are confronting a shortage of skilled talent as assessed by experts.

Geopolitics

1. Following the U.S.-China leaders' meeting, China signaled tariff reductions and advancement of agricultural market access; Trump stated that Xi agreed Iran must open the Strait, but there are no signs that China will intervene in this matter.

2. The Israeli army killed the last senior commander of Hamas who planned the October 7 attack; Iran's nuclear talks are at a deadlock, with Israel and the U.S. preparing to potentially restart hostilities as early as next week.

3. Construction has resumed on Unit 2 of Iran's Bushehr nuclear power plant, with Russian officials stating that activities like concrete pouring have restarted; Bitcoin fell below $78,000 due to threats of Iran blocking the Strait of Hormuz.

4. The U.S. Navy's USS Ford will return to Norfolk on Saturday after participating in combat missions against Venezuela and Iran, completing the longest deployment since the Vietnam War.

5. Putin will meet with Xi following Trump's visit to China, further impacting the geopolitical landscape.

Stock Market and Commodities

1. BlackRock's subscription orders for SpaceX could reach up to $75 billion, with plans to invest billions in the SpaceX IPO, which could list as early as June.

2. Tesla has raised the price of Model Y in the U.S. for the first time in two years; Bitcoin mining stocks fell 2.5%-9.6% on Friday, but their gains since 2026 still far exceed Bitcoin itself.

3. The oil market may face a critical moment in June, potentially experiencing nonlinear price spikes and panic buying; the lithium resource reserves in the Appalachian Mountains in the U.S. are enormous, enough to replace over 300 years of lithium import demand.

4. India has restricted most silver imports to cut import expenditures and support the rupee's exchange rate.

5. Santa Clara County in California has sued Meta, accusing it of allowing fraudulent ads and profiting about $7 billion from it.

Market Sentiment Summary: The market is showing risk aversion amid macro pressures (soaring U.S. bond yields, high inflation), geopolitical risks (Middle East tensions, U.S.-China rivalry), and the crypto market crash, but innovations in the AI and tech sectors (OpenAI, Nvidia, SpaceX IPO) still provide structural highlights for the market. Short-term volatility is increasing, and investors need to be wary of liquidation risks due to high leverage.

📡 Market Update | 06:00-07:00

1. The 30-year U.S. Treasury yield has surpassed 5% for the first time since 2007, showing pressure in the bond market.

2. Strategy has raised over $2 billion through its STRC preferred stock program in the past week, with plans to continue stacking Bitcoin.

3. If Bitcoin breaks $82001, $1.194 billion in shorts will be liquidated, increasing volatility risk due to high market leverage.

4. The market cap of tokenized real-world assets has reached $34.5 billion, growing 100% year-over-year, with institutional funds pouring in.

5. An engineer shares insights on using AI agents for coding, debugging, and testing in 2026, stating that reliance on AI agents has shifted from occasional to daily necessity.

6. AI systems in knowledge work face the risk of a talent shortage due to expert evaluations, as entry-level positions are automated, preventing the next generation from gaining necessary judgment skills.

7. The oil market may hit a critical moment in June, potentially seeing nonlinear price spikes and panic buying.

8. Zelensky stated that Ukraine's plan to strike Russian energy and military targets after the Kyiv attack is 'completely reasonable.'

📡 Market Update | 05:00-06:00

1. Iran's Bushehr Nuclear Power Plant's Unit 2 is back in construction, with Russian officials stating that concrete pouring and other operations have resumed.

2. Bitcoin is forming a low-volatility consolidation structure around the $80,000 mark, with exchange supply and demand balance hinting at a potential directional breakout.

3. Security researchers report serious vulnerabilities in Azure backup services, with Microsoft refusing to patch and not releasing a CVE.

4. Trump is ramping up his crypto investments through Coinbase and Bitcoin stocks, while also increasing his positions in AI and infrastructure-related tech stocks.

5. The U.S. Senate Banking Committee is advancing the Digital Asset Market CLARITY Act, with a16z Crypto warning that U.S. regulations are lagging behind the EU.

6. Blackstone Group is considering a multi-billion dollar investment in SpaceX's IPO.

7. Santa Clara County in California is suing Meta, accusing it of allowing fraudulent ads and profiting approximately $7 billion from it.

8. The lithium resource reserves in the Appalachian Mountains are massive enough to replace over 300 years of lithium import needs.

📡 Market Update | 04:00-05:00

1. Luo Yonghao has made a comeback on the X platform, taking aim at Meme coins and Binance's CZ. While he demanded the delisting of tokens sharing his name, this action briefly pumped its market cap to $3 million.

2. The US is seeing massive layoffs in AI-related jobs, with some sectors facing the risk of being replaced.

3. OpenAI is restructuring ahead of its IPO, consolidating three major product lines and appointing Greg Brockman to take full control of product strategy, in response to competitive pressures from Anthropic and Google.

4. NYC mayoral candidate Mamdani sparked a political shift in the race by posting about the commemoration of the Palestinian catastrophe on social media, drawing cheers from pro-Palestine supporters and criticism from Jewish leaders.

5. Grayscale (Vaneck) has submitted a second amended S-1 filing, planning to launch a spot BNB ETF, indicating active engagement from the SEC during the review process.

6. The Bill & Melinda Gates Foundation has sold its last batch of Microsoft shares, worth $3.2 billion, while Gates personally still holds $43 billion in stocks.

7. AI chip company Cerebras soared 51% on its first trading day, hitting a market cap of $60.2 billion, but its chips face technical limitations and customer concentration risks.

8. Bitcoin's volatility has cooled down, with network activity starting to pick back up, and the market is on the lookout for potential shakeouts.

📡 Market Update | 03:00-04:00

1. The U.S. Treasury's sanctions exemption for Russian maritime oil has expired, while Trump returns to face inflation pressures, with April's consumer prices up 3.8% YoY to a new high.

2. Analysts are warning against buying Bitcoin, predicting BTC could dip to $45,000 before any reversal, noting that the rise in U.S. stocks is the sole factor supporting BTC.

3. SpaceX is set to go public as early as June, with an IPO announcement possibly next Wednesday, sparking market interest.

4. Kevin Warsh is slated to replace Powell as Fed Chair, with market watchers keen on how this will influence Trump's bull market.

5. In Modena, Italy, a car plowed into pedestrians injuring at least 8, four seriously, with the mayor praising residents for helping to stop the driver from fleeing.

6. Once a hardliner on China, Rubio has softened his stance to align with Trump's shifting policy.

7. AI chip company Cerebras was burning $8 million a month in its early days, nearly facing bankruptcy, but its valuation has now reached $60 billion.

8. The U.S. Senate is advancing the CLARITY Act, with Coinbase stating there’s still a lot of work to be done.

📡 Market Update | 02:00-03:00

1. OpenAI is rolling out a Computer Use feature for Codex, allowing remote control of other desktop devices, even if laptops are locked or in sleep mode.

2. Apple's stock price has closed above $300 for the first time, hitting an all-time high as investors applaud its better-than-expected earnings report and growth in service revenue.

3. The U.S. government has requested data on over 100,000 EZ Lynk users from Apple and others, setting a record for user data requests.

4. NVIDIA has open-sourced its SANA-WM world model, which can generate a 60-second 720p video with just a single RTX 5090 GPU, supporting precise six degrees of freedom camera control.

5. Multicoin Capital has transferred all 286,057 AAVE tokens to Coinbase Prime, with this position already down over $40 million.

6. After a summit in Beijing, Putin is set to meet with Xi Jinping, but Trump's visit to China yielded no substantial breakthroughs.

7. The software engineer community in San Francisco is feeling anxious about the wealth disparity and job uncertainty brought by the AI industry, with about 10,000 individuals achieving over $20 million in retirement wealth within five years.

8. SK Hynix is on track to become the second company in South Korea to surpass a market cap of $1 trillion.

📡 Market Update | 01:00-02:00

1. Bitcoin has dipped below $78,000, hitting a two-week low. Traders believe this could be a bear trap, expecting a price rebound.

2. The Israeli military has taken out the last senior commander of Hamas responsible for the October 7 attack, while Iran's nuclear talks have hit a snag. Israel and the US are prepared to potentially reignite conflict as early as next week.

3. Bitcoin fell under $78,000 due to Iran's threats to block the Strait of Hormuz and faces strong resistance again at the $80,000 level.

4. The stablecoin market cap has surpassed $323.3 billion, with a weekly inflow of $1.54 billion. USDT's market share remains at 58.67%.

5. Harvard University has liquidated its Ethereum ETF holdings, while Abu Dhabi's sovereign fund Mubadala continues to accumulate shares in BlackRock's Bitcoin ETF with an investment exceeding $90 million.

6. BlackRock is considering a multi-billion dollar investment in SpaceX's IPO.

7. The CEO of General Motors expresses no current concerns about a consumer crisis.

8. The Pope has established an AI research group, and the Vatican is set to release its first encyclical.

📡 Market Update | 00:00-01:00

1. After the summit between the US and China leaders, China signals a move to lower tariffs and advance market access for agricultural products, while Trump states that Xi agreed Iran must open the Strait.

2. Rising US Treasury yields trigger a cross-market risk reset, with a near $415 million sell-off in the crypto space seen as a macro pressure warning signal.

3. BlackRock's subscription order for SpaceX could reach up to $75 billion, planning to invest billions into SpaceX's IPO, showcasing institutional demand for private space firms.

4. OpenAI collaborates with the Maltese government to provide one year of free ChatGPT Plus service to citizens completing AI literacy courses.

5. TD Cowen raises Nvidia's target price to $275, maintaining a buy rating, reflecting optimism in the chip sector.

6. Putin is set to meet Xi after Trump's visit to China, further influencing the geopolitical landscape.

7. Bitcoin mining stocks fell between 2.5%-9.6% on Friday, but their gains since 2026 still far exceed Bitcoin itself.

8. The US Navy's USS Ford aircraft carrier will return to Norfolk on Saturday after participating in combat missions against Venezuela and Iran, marking the longest deployment since the Vietnam War.

📡 Daily Crypto Overview | May 16

Over the past 24 hours, the global market has been rocked by dual pressures of 'macro stagflation fears' and 'escalating geopolitical conflicts.' The crypto market faced 'Black Thursday,' with Bitcoin dropping below $78,000 and Ethereum losing critical support, leading to over $500 million in long liquidations as funds rapidly shifted from crypto assets to AI sectors. On the geopolitical front, the risk of U.S.-Israeli military strikes on Iran has sharply increased, with disruptions in the Strait of Hormuz pushing oil prices above $105. Meanwhile, the AI sector saw Cerebras’ largest IPO in history, indicating a clear trend of institutional funds transitioning from crypto to AI, signaling a profound structural reshaping of the market.

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📊 Global Macro

1. The U.S. April CPI rose to 3.8% YoY, driven by soaring energy prices, prompting a spike in bond yields. The market has adjusted its rate cut expectations downwards, with the Federal Reserve suggesting high rates will be maintained long-term, while Grayscale reports indicate no rate cuts expected before September 2027.

2. Powell resigned as Fed Chair, appointed as interim Chair to facilitate the transition to Waller. The market is closely watching Waller's policy direction once he takes office.

3. The global bond market has been severely hit, with the 30-year U.S. Treasury yield rising to 5.11%. U.K. yields have also spiked, leading analysts to worry that 'bond vigilantes' may exert pressure on the next Prime Minister.

4. The probability of stagflation is rising rapidly, with risks of economic slowdown and inflation coexisting. The New York Fed's Empire State Manufacturing Index hit a four-year high, but retail sales data shows rising default risks.

5. Oil prices skyrocketed over 8% this week, closing at $105.42 per barrel. Disruptions in oil transport through the Strait of Hormuz due to conflict have prompted the UAE to accelerate the construction of new pipelines to address supply interruptions.

💰 Crypto Market

1. Bitcoin dropped to $77,614, erasing all gains for the month, with a market cap evaporating by over $40 billion; Ethereum fell below its realized price and the 200-week moving average, with analysts warning it could drop further to $1,700.

2. Over $500 million in crypto long liquidations occurred, with SOL and XRP down 5%, and HYPE crashing 10%; should Bitcoin fall below $76,000, the liquidation intensity for long positions on exchanges could reach $628 million.

3. BlackRock’s spot Bitcoin ETF faced $317 million in withdrawals, with a total outflow of $1 billion last week, ending six consecutive weeks of net inflows as funds shifted towards AI stocks; Jane Street significantly reduced its holdings in the Bitcoin ETF by 71%.

4. THORChain suffered a hacker attack resulting in over $10 million in losses, with the RUNE token plummeting over 14%; KelpDAO faced a $293 million exploit, as DeFi security threats shift from coding vulnerabilities to systemic complexity issues.

5. The U.S. 'Crypto Market Structure Bill' gained bipartisan support and is under review by the Senate Banking Committee, with a full chamber vote expected in a few weeks; the 'CLARITY Act' clears regulatory hurdles for XRP, while Grayscale and VanEck push forward with BNB spot ETF applications.

6. Hana Bank acquired a 6.55% stake in Upbit operator Dunamu for $672.5 million, becoming its fourth-largest shareholder; Abu Dhabi's Mubadala Investment Company increased its stake in BlackRock’s Bitcoin Trust by 16%, accelerating traditional finance's involvement.

🤖 AI and Tech

1. Cerebras Systems surged 68% on its Nasdaq debut, raising $5.6 billion, becoming the largest tech IPO in the U.S. since 2019; SpaceX is expected to file its IPO prospectus as early as next week, with a valuation reaching $1.25 trillion.

2. Nvidia's H200 chip search volume increased 25-fold YoY, with the company investing $4 billion in packaging optical technologies; earnings reports are imminent, with the market highly attentive, but BlackRock warns that AI capital expenditures are becoming a macro force impacting the market.

3. Former OpenAI CTO Mira Murati founded Thinking Machines Lab; xAI launched the Grok Build coding agent; OpenAI introduced personal finance tools for ChatGPT Pro users, partnering with Plaid to connect over 12,000 financial institutions.

4. China unveiled the Nine Chapters 4.0 photonic quantum computer, solving the boson sampling problem at speeds far exceeding the world’s strongest computers, marking a significant breakthrough in optical quantum computing.

5. Microsoft's superintelligence team added at least 10 former members of the Allen Institute for AI; the Bill and Melinda Gates Foundation sold off its Microsoft shares, cashing out over $3.2 billion; Ackman’s fund invested $2.1 billion in Microsoft shares.

🌍 Geopolitics

1. The U.S. and Israel may resume military strikes against Iran next week, with the Pentagon preparing for more intense bombings or special forces operations; Iran announced it is ready to manage the Strait of Hormuz mechanism and plans to levy tolls, with Trump stating the economic pain of a war with Iran is worth it.

2. U.S. Secretary of State Rubio warned that if Iran obtains nuclear capabilities, it will control the Strait of Hormuz, while the U.S. rejected Iran's written proposal to end the war; U.S. Treasury Secretary Basant stated sanctions are costing Iran $170 million daily.

3. Ukrainian President Zelensky reported that Russian missile strikes on apartment buildings in Kyiv have resulted in 24 deaths, including 3 children; Russian President Putin is set to visit China to strengthen bilateral relations.

4. Trump claimed to have reached an 'excellent trade deal' with China, albeit lacking details, as U.S.-China relations enter a phase of 'constructive strategic stability,' though semiconductor export issues remain unresolved, putting global semiconductor stocks under pressure.

5. The Ebola outbreak in eastern Congo has resulted in 80 deaths, with a rare strain of the virus emerging, and no approved vaccine yet available; victims of terrorism have filed suit demanding Tether unfreeze $344 million in USDT related to the Iranian Revolutionary Guard.

📈 Stock Market and Commodities

1. The three major U.S. stock indices all closed down over 1%, with the S&P 500 under pressure after seven consecutive weeks of gains; tech stocks showed mixed performance, with Apple hitting new highs while Nvidia and Tesla fell

...

📡 8-Hour Review | May 16th 16:00-24:00

In the past 8 hours, the global market has seen intense volatility, with a massive sell-off in cryptocurrencies. Bitcoin has dipped below $78,000, Ethereum has lost key support levels, and long positions have been liquidated to the tune of over $500 million. The geopolitical situation has escalated sharply, with the US and Israel potentially planning new strikes against Iran, and disruptions in oil transport through the Strait of Hormuz pushing prices up. Meanwhile, the AI sector continues to attract capital, with institutions clearly shifting their strategy from crypto to AI, as tech giants like Microsoft and Google ramp up their AI investments.

Crypto Market

1. Bitcoin has dropped to $77,614, wiping out its gains for the month, with a market cap evaporating by over $40 billion; Ethereum has fallen below its realized price and the 200-week moving average, but the total staked amount shows that long-term holders are still confident.

2. Crypto bulls have lost $500 million, with SOL and XRP down 5%, and HYPE crashing by 10%; if Bitcoin drops below $76,000, the liquidation of long positions on exchanges could reach $628 million.

3. BlackRock's spot Bitcoin ETF has faced $317 million in withdrawals, with $1 billion leaving the spot Bitcoin ETF last week, ending a six-week streak of net inflows, as funds shift towards AI stocks.

4. THORChain confirmed a $10 million hack, while KelpDAO suffered a $293 million attack, as DeFi security threats shift from coding vulnerabilities to systemic complexities.

5. Grayscale and VanEck are advancing their BNB spot ETF applications, while XRP's ETF saw a net inflow of $60 million last week, marking a new high for the year as institutional demand for altcoin ETFs expands beyond Bitcoin.

Macro Economy

1. US retail sales grew as expected in April, but default risks are climbing; stubborn inflation is testing the market, while credit conditions remain stable.

2. Powell has stepped down as Fed Chair, with the Fed appointing him as interim chair to prepare for the transition to Kashkari; Grayscale reports that US inflation is accelerating, and the Fed is not expected to cut rates before September 2027.

3. The bond market has taken a hit, with bond prices plummeting this week, as analysts worry about bond vigilantes pressuring the next Prime Minister.

4. Oil prices surged over 8% this week, closing at $105.42 per barrel, as oil transport through the Strait of Hormuz has been disrupted due to conflict, and the UAE plans to expedite the construction of a new pipeline.

Geopolitics

1. The US and Israel may resume military strikes against Iran next week, with the Pentagon preparing for more intense bombings or special operations; Iran has announced it is ready to manage the Strait of Hormuz mechanism and plans to impose a toll.

2. Trump claims that a war with Iran is worth enduring economic pain, while viewing arms sales to Taiwan as leverage in negotiations with China; Russian President Putin is set to visit China to deepen bilateral relations.

3. The Israeli military has launched airstrikes against Hezbollah infrastructure in southern Lebanon; Russian forces claim to have shot down 20 drones approaching Moscow, as the geopolitical situation remains tense.

4. The blockade of the Strait of Hormuz has led to supply disruptions in India, resulting in a shortage of Coca-Cola, as food brands prepare for wider impacts.

AI and Technology

1. Microsoft's Super Intelligent Team has added at least 10 former members of the Allen AI Institute, including core team members of the OLMo open-source model; the Bill & Melinda Gates Foundation has liquidated its Microsoft shares, cashing out over $3.2 billion.

2. Notable crypto investor Yi Lihua believes the market rebound has ended, suggesting allocating 50% of profits to the AI sector, reflecting the strategic shift from crypto to AI; Cisco is laying off 4,000 employees to restructure for growth amid the AI boom.

3. A domestic research team has successfully prepared high-quality single-crystal graphite with centimeter-level dimensions and over 200 microns in thickness using AI technology; Alphabet has launched a new laptop, Googlebook, equipped with Gemini AI.

4. YouTube has introduced an AI deepfake detection tool to help creators identify deepfake videos using their faces; research shows that one in seven people in the UK uses ChatGPT instead of the NHS for medical advice.

5. OpenAI has reached an agreement with Malta to provide ChatGPT Plus services to all residents; the US CFTC is betting on AI technology to track and predict insider trading behaviors in the market.

Stock Market and Institutional Dynamics

1. Ackman's fund has invested $2.1 billion in Microsoft shares, betting on a rise in tech stocks; SpaceX shareholders have approved a 1-for-5 stock split in preparation for an IPO.

2. Top Wall Street investors significantly increased their holdings in Amazon stocks in the first quarter, with Goldman Sachs reiterating an optimistic outlook for the stock market in 2026; Citigroup states that index gains require broader market participation.

3. Italy's largest bank, UniCredit, reported a cryptocurrency exposure of $235 million in the first quarter; Hana Bank has invested $670 million to acquire a 6.55% stake in Upbit's parent company, Dunamu.

4. Leapmotor has released its Q1 2026 financial report, reporting a record revenue of 10.82 billion yuan and leading with global deliveries of 110,100 vehicles; Hongmeng Zhixing's new generation of the Wuling M9 has exceeded 50,000 pre-orders.

Market Sentiment and Focus

Market sentiment is extremely bearish, with cryptocurrencies facing a "Black 8 Hours" as geopolitical conflicts and macro pressures converge, rapidly shifting funds from risk assets to AI and safe-haven assets. In the short term, pay attention to the Bitcoin support level at $76,000, developments in US-Israel actions against Iran, and the trajectory of Federal Reserve policies.