News linked to this event type.
Euler Finance announced it will take over the maintenance and operation of the Euler contract stack known as Mewler under HypurrFi on the Hyperliquid EVM. The relevant infrastructure is undergoing a smooth transition, with Clearstar Labs continuing to serve as the risk manager for the Prime, Yield, and Earn vaults. HypurrFi Scale and Pooled Markets are scheduled to gradually wind down and undergo orderly liquidation over the coming weeks. However, all existing markets remain solvent and fully operational, with no security vulnerabilities or emergency parameter adjustments.During the migration process, new borrowing functionality for some Pooled assets has been frozen, but HYPE, USDC, and USDT0 can still be used for liquidity provision to allow borrowers to gradually unwind their positions. Euler emphasized that its isolated lending architecture on HyperEVM will continue to serve as core infrastructure, jointly maintained by Euler and Clearstar Labs.The HypurrFi team stated that user deposits, positions, and collateral assets remain fully secure. This adjustment is an active strategic migration, not a security incident or protocol failure. According to the plan, Euler Prime and Yield markets will become the primary entry points for lending and yield markets on HyperEVM moving forward. The HypurrFi brand will be gradually phased out, with related support services closing after May 28. Full market liquidation is expected to be completed by July 15, 2026.HypurrFi also reminded users to be aware of risks and fraudulent links during the migration process, to operate only through official channels, and to use the built-in migration tools to transfer Pooled positions to Euler Prime or Yield markets.
the escalating situation in Iran is becoming a real-world stress test for the financial market's ability to trade around the clock. Market analyst Huang pointed out that amid the latest geopolitical conflict, traders did not wait for traditional financial markets to open. Instead, they conducted transactions directly through blockchain infrastructure, engaging in round-the-clock price discovery and risk hedging for assets like crude oil and gold on on-chain platforms such as Hyperliquid.The analysis suggests that the current speed of information dissemination has far exceeded the response mechanisms of traditional markets. News spreads instantly across time zones, yet traditional trading systems remain constrained by market opening hours and weekend closures. This prevents prices from reflecting the latest information in real-time, often leading to concentrated volatility and liquidity shocks when markets reopen.In contrast, blockchain networks offer 24/7 operation and real-time settlement capabilities, allowing traders to continuously adjust their positions during non-trading hours. This is viewed as a complement, or even an alternative, to traditional market structures. During this Iran conflict, the value of this "never-closed market" model has been further highlighted.Analysts point out that the core contradiction lies in the structural mismatch between market infrastructure and the information environment. Although the traditional financial system still holds advantages in liquidity and scale, time boundaries are increasingly becoming a source of inefficiency, especially in a macro environment characterized by high volatility and frequent unexpected events.Meanwhile, on-chain derivatives platforms represented by Hyperliquid are validating the feasibility of 24/7 markets, gradually taking on part of the risk pricing function during weekends and non-trading hours. However, the industry generally acknowledges that current on-chain systems still face constraints in terms of liquidity depth, performance, and institutional-grade risk control, making it difficult to fully replace traditional exchanges in the short term.Overall, the market is shifting from being "trading session-driven" to "information-driven perpetual trading," and competition at the infrastructure level is accelerating. (CoinDesk)
Kelp announced on X platform that the rsETH protocol has been fully restored to normal operation. Relevant functions have been brought back online on the mainnet and all Layer 2 networks, with the overall system status returning to normal levels. The rsETH exchange rate was updated at 16:45 CET today, incorporating all staking reward yields accrued during the suspension period. Additionally, EIGEN rewards are now being distributed to rsETH holders, covering the entire suspension period.Furthermore, deposit and withdrawal functions have been reopened on the mainnet and Layer 2 networks, and the asset backing status for rsETH has been fully restored to 100%. The official statement emphasizes that rsETH is now fully collateralized on both the mainnet and L2 networks, and all operational processes have returned to normal.
According to Odaily, THORChain has issued an emergency announcement stating that after discovering a suspected breach of an Asgard vault, the network has suspended trading operations to respond to the security incident. Preliminary information indicates that user funds remain unaffected, with losses primarily concentrated on the protocol's own capital.The official statement noted that the system automatically detected anomalous behavior and halted signing operations, thereby alerting the community and preventing further asset outflow. The investigation is currently ongoing to determine the root cause of the vulnerability and the full scope of the impact.Known information indicates that this incident involves one of the six Asgard vaults, with estimated losses of approximately $10.7 million. Meanwhile, staked RUNE on the affected nodes has been slashed due to a penalty mechanism triggered by unauthorized outgoing transactions. The network has paused churn operations and delayed the launch of new chains and related features until system stability is restored.THORChain stated that no user cross-chain transactions have been affected so far and has requested node operators to thoroughly inspect their infrastructure, secure key management, and anomalous behavior, and to submit relevant logs to assist the investigation.
Elon Musk posted on X, stating that the latest completed training run of Grok V9 (1.5T parameters) has "performed very well," and this result has not yet incorporated the supplementary training portion from Cursor data. The base model currently under internal development is V9, with approximately 1.5 trillion parameters. Compared to V8, it features significant improvements in data cleaning, training methods, model scale, and has been optimized for the Blackwell architecture to enhance computational efficiency.Musk emphasized that, in contrast, the current public-facing version v4.2, built on the V8 base model with approximately 0.5T parameters and running on the Hopper architecture, still has certain limitations in training data quality and coverage. The performance gap between Grok V8 and V9 is massive, with the new-generation model achieving a leapfrog upgrade in overall capabilities.
James Seyffart, a Bloomberg analyst, stated on X that the 2x leveraged Cerebras Systems ETF (ticker: CBRG) has officially begun trading, just hours after its underlying asset—CBRS—commenced trading the previous afternoon. This marks an exceptionally rapid product launch timeline for a leveraged ETF. Such “fast-follow” ETF issuance models are accelerating, and similar swift replication pathways may soon emerge for leveraged ETFs tracking non-public or high-profile assets—including SpaceX, Anthropic, and OpenAI—reflecting a significantly accelerated pace of productization in the ETF market to capture exposure to new assets.
: Datavault AI has released its first-quarter 2026 business update, disclosing that the company has signed tokenization contracts worth over $800 million. Of this, approximately $100 million in fees are expected to be recognized in 2026, achieving about $75 million in new contract value in the first quarter, further validating institutional demand for its Real World Asset (RWA) tokenization platform.In terms of assets and financing, the company has strengthened its balance sheet through a $60 million private placement and an additional $120 million in non-dilutive financing. It is also advancing the expansion of the SanQtum AI infrastructure platform across the United States, with plans to expand its quantum-safe GPU edge network by the end of 2026 and deploy approximately 48,000 GPUs. (Businesswire)
on-chain detective ZachXBT stated that the hacker "Dritan Kapplani Jr" transferred approximately $2.59 million in assets today, including 1.99 million DAI and 259 ETH. The funds were moved from address 0x4487...bba6 to address 0x67ec...125d. The stolen funds currently remain dormant.ZachXBT stated that on May 12, they published an investigation detailing the connection between Dritan Kapplani Jr and Trenton (Trent) Johnson in a social engineering theft involving 185 Bitcoin (approximately $13 million).
Eleutheria, a decentralized finance platform on the BNB ecosystem, has announced the completion of a $5 million strategic funding round, with participation from Alpha Capital. Valuation details have not been disclosed yet. The new funds will support its efforts to build on-chain financial services through trustless code-driven DeFi and immutable smart contracts. (Asksurf)
CoinShares tweeted that the cryptocurrency market saw a net outflow of $920 million this week. In the short term, macroeconomic headwinds continue to dominate: PPI data came in higher than expected, U.S.-Iran tensions pushed oil prices higher, and the Federal Reserve’s room for rate cuts is constrained—Bitcoin fell 1.4% this week. Meanwhile, the U.S. Senate Banking Committee passed the Clarity Act by a vote of 15–9, bringing long-term regulatory direction into sharper focus. CoinShares noted that the market is currently caught in a tug-of-war between short-term macro pressures and long-term regulatory tailwinds.
According to Odaily, Kraken announced that its Kraken Pro platform has increased the maximum leverage for Bitcoin and Ethereum perpetual swaps from 50x to 100x. This applies to two USD cash-settled perpetual contracts, PF_XBTUSD and PF_ETHUSD, which continue to support 24/7 trading.Per the announcement, the 100x leverage is now available to international users in eligible regions. No account migration or additional application is required; existing Kraken Pro contract users can access it directly. The leverage mechanism adopts a tiered model: for BTC contracts, up to 100x leverage is available on the first $1 million in notional position size, with automatic reduction to lower leverage tiers for amounts exceeding that threshold. For ETH contracts, the maximum 100x leverage applies to the first $500,000 in notional position size. The platform emphasized that the leverage adjustment is not a "one-size-fits-all" switch, but rather a dynamic tiered calculation based on increasing position size.
Odaily Odaily, Nasdaq-listed HYPE treasury company Hyperion DeFi released its Q1 financial report, disclosing a Q1 net profit of $8.8 million, an improvement from a net loss of $39.8 million in Q4 2025. Since the end of Q1, it has increased its holdings by approximately 60,000 HYPE tokens. Currently, its HYPE token holdings have exceeded 2 million, and its validator node has been delegated 10.2 million HYPE, ranking among the top six validators, second only to the Hyperliquid Foundation. In addition, the company holds 1.92 million KNTQ tokens and 10 million HPL tokens. (Globenewswire)
RWA trading platform MSX has announced that the second phase of its Pre-IPO segment is expected to officially open for subscription on May 16, 2026. The targets listed in this phase are AI large model leader Anthropic and prediction market representative platform Polymarket. The subscription price for Anthropic is 855U, with a valuation of $950 billion. The subscription price for Polymarket is set at 152U, with a valuation of $15 billion.MSX's first Pre-IPO project, Cerebras ($CBRS.M), has completed a closed loop from Pre-IPO subscription to spot trading upon IPO listing. Participating users achieved a yield of over 300% based on a subscription price of 100.35U. For details on the specific subscription quota, fee standards, and subsequent settlement arrangements for the second-phase projects, users can log in to the MSX platform page for more information.
U.S. President Trump concluded his visit to China, and the China-U.S. talks released positive signals, boosting market expectations for trade easing, supply chain stability, and technological cooperation. WEEX Labs noted that U.S. equities linked to the accompanying business delegation—including Tesla (TSLA), NVIDIA (NVDA), and Apple (AAPL)—continued their upward trend, reflecting heightened market optimism regarding long-term opportunities arising from AI collaboration, access to the Chinese market, and supply chain optimization. Meanwhile, news of the U.S. rejecting Iran’s ceasefire proposal may further push up energy prices, exacerbating global inflation and volatility in risk assets. Currently, the WEEX TradFi segment supports tokenized trading of U.S. equities, gold, crude oil, and other assets, and has launched a TradFi Spot Trading Competition with a $100,000 prize pool—enabling users to conduct global asset allocation and event-driven hedging in one integrated platform.
According to The Block, Myanmar’s military government has released a draft of the “Anti-Online Fraud Act,” which proposes imposing the death penalty on individuals who force others to engage in online fraud and life imprisonment for those operating fraud centers or committing cryptocurrency-related fraud. The draft also proposes establishing a dedicated committee to coordinate international efforts against fraud. Myanmar’s parliament is expected to review the bill in early June. Earlier, in September 2025, the U.S. Department of the Treasury imposed sanctions on multiple entities in Myanmar and Cambodia suspected of involvement in cryptocurrency investment fraud. FBI data shows that cryptocurrency-related fraud losses in 2025 reached $11.4 billion—more than half of all internet crime losses.
Odaily According to Trump's latest investment disclosure filing, he sold between $5 million and $25 million worth of Microsoft and Amazon stock this February, and repurchased shares in both companies in March. However, he failed to disclose these transactions within the statutory 45-day window, resulting in a $200 fine. This marks the third time this year he has been penalized for the same violation.Notably, Trump also purchased Nvidia stock on February 10th. Just days later, Nvidia announced a multi-year partnership agreement with Meta, causing its stock price to rise by approximately 2.5%. Furthermore, his purchases of Microsoft and Amazon stock preceded the Pentagon's announcement of contracts to deploy confidential computing network technology with both companies by several months. Trump has not sold any of his stock portfolio during his second term; his assets are held in a trust managed by his children, differing from the blind trust arrangements commonly adopted by previous presidents. Although members of both parties in Congress have repeatedly introduced legislation to prohibit officials from trading stocks while in office, progress on such legislation has stalled. (Washington Post)
Bitget has announced the launch of its new Bitget AI landing page, further showcasing its product strategy for the AI-powered trading ecosystem. Data shows that the Bitget AI ecosystem has surpassed 1 million users, with cumulative trading volume reaching $1.2 billion and support for over 58 trading tools—covering core use cases such as market analysis, trading assistance, strategy development, and automated workflows. Under UEX’s multi-asset trading framework, Bitget AI represents a key initiative embedding intelligent systems deeply into trading scenarios—and marks an important step toward Bitget’s evolution into an Agent Native Exchange. Core products within this ecosystem include GetClaw, a no-installation AI agent delivering real-time market insights; GetAgent, an AI assistant for strategy execution and automated trading; and Agent Hub, a developer platform offering open APIs and model integration capabilities. Together, these three components form a seamless end-to-end intelligent trading loop—“Insight → Strategy → Execution”—delivering frictionless smart trading services to users. Gracy Chen, CEO of Bitget, revealed that the next phase will introduce new features—including the AI Trading Playbooks currently in closed beta—to complete an integrated AI trading infrastructure spanning strategy creation, backtesting, deployment, and distribution.
AgentKey enables agents to gain full access to web search, web scraping, major global social platforms (X, Reddit, TikTok, Xiaohongshu, Douyin, etc.), and on-chain data—all through a single installation. It offers a unified API, unified billing, and pay-as-you-go pricing.
B.AI has announced full integration with China’s mainstream payment systems—WeChat Pay, Alipay, and UnionPay—are now available to users. Starting today, users can complete the entire workflow—including account top-ups, AI service subscriptions, and invocation of top-tier AI models and Agent services—in their familiar payment environment. This payment upgrade lowers the barrier to entry, enabling individual developers and enterprise customers to more easily access cutting-edge AI capabilities, resulting in a smoother, more natural, and localized user experience. Going forward, B.AI will continue optimizing its product experience, striving to embed smarter, more efficient AI services seamlessly into everyone’s daily work and life.
According to WIRED, Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that the agency is leveraging artificial intelligence to investigate insider trading on prediction markets such as Polymarket. Over the past year, multiple traders on Polymarket are suspected of using non-public information to place early bets on geopolitical events—including Venezuela’s surprise military action and the Iran war—and reaped substantial profits, drawing widespread attention. Previously, a U.S. Special Forces soldier was arrested for allegedly profiting from betting on the Maduro arrest incident on Polymarket using classified intelligence—marking the first criminal insider trading case involving a prediction market in the United States.