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5/11
08:34
Svmuureports that Ethereum treasury company Bitmine Immersion Technologies has disclosed its current crypto asset holdings, including 5,206,790 ETH, 201 BTC, an equity stake in Eightco Holdings valued at $88 million, and shares in Beast Industries worth $200 million. Additionally, the total amount of ETH staked by the company is 4,712,917 (totaling $11.1 billion based on an ETH price of $2,336 each). (PRNewswire)
08:31
Svmuu reports that C1 Fund, a closed-end fund listed on the New York Stock Exchange, has released its Q4 and full-year financial reports for 2025. Its digital asset private investment strategy continues to expand, with portfolio optimization and liquidity events advancing simultaneously.
As of the end of 2025, CFND's digital asset infrastructure investment portfolio includes industry-leading companies such as Alchemy, Blockchain.com, Chainalysis, Consensys, Figment, Kraken, and Ripple, covering core sectors including blockchain development, compliance analytics, trading platforms, and cross-border payments. In 2025, the fund made new investments exceeding $10.47 million in projects like BitGo, Fireblocks, and Polymarket (Blockratize Inc.), and completed additional allocations to holdings such as Ripple, further strengthening its deployment depth in the digital asset infrastructure space. (Businesswire)
08:28
Svmuu News: According to a report by Jin10, sources familiar with the matter revealed that Masayoshi Son, CEO of SoftBank, has held talks with French President Emmanuel Macron regarding an ambitious AI data center project in France, with details of the plan expected to be announced in the coming weeks. SoftBank The company is considering making a multi-billion-dollar investment in France. Sources say Son proposed the idea of investing up to $100 billion in France, but the actual investment could be significantly lower if he prioritizes resources for other projects.Reportedly, the concept for this AI project was initially proposed by Macron during a recent meeting with Son in Tokyo, and the results could be announced as early as this month.Sources indicate that while Son has frequently received similar investment proposals from corporate executives in the past, the fact that this one came directly from a head of state has piqued his interest, and he has begun seriously evaluating the project.
08:26
Svmuu reported, according to Gate data, spot gold briefly rose by approximately $25, currently trading at $4,689.56 per ounce. New York silver futures surged over 3.00% intraday, now at $83.30 per ounce. Spot silver climbed above $82 per ounce, up over 2% intraday.
08:25
According to Onchain Lens monitoring, Tether minted 6 billion USDT on the Ethereum and Tron networks over the past three weeks, while simultaneously burning 2 billion USDT on the Ethereum chain.
08:23
Svmuureports that Tether Treasury has just minted 1,000,000,000 USDT on the Tron blockchain, equivalent to approximately $999.6 million. (Whale Alert)
08:17
Svmuureports, Ronin, the gaming-focused blockchain behind Axie Infinity, will migrate from an independent sidechain to an Ethereum Layer 2 network (L2) via a hard fork on May 12. The upgrade adopts the OP Stack architecture and is expected to trigger approximately 10 hours of network downtime, during which transfers, swaps, contract interactions, and on-chain gaming activities will all be paused.
This upgrade simultaneously introduces the Proof of Distribution mechanism, which automatically rewards ecosystem builders based on their actual network contributions. In terms of tokenomics, RON's inflation rate will be drastically reduced from over 20% to below 1%; the 90 million RON originally allocated for staking rewards will be transferred to the treasury fund; and the market fee will be increased from 0.5% to 1.25% to enhance network security, scalability, and long-term economic stability. (CoinDesk)
08:16
Svmuu reports that Nasdaq-listed SharpLink (SBET) has announced its first-quarter financial results for the period ending March 31, 2026, revealing the continued expansion of its Ethereum (ETH) treasury strategy and a transition from basic staking towards a broader on-chain yield management phase.
The financial report shows that Q1 2026 revenue surged year-over-year to $12.1 million, primarily driven by an active ETH management strategy. During the same period, SG&A expenses rose to $9.9 million, allocated to expanding institutional-grade ETH asset management infrastructure. Impacted by accounting standards, the company recorded a net loss of $686 million for the quarter, mainly composed of a $507 million unrealized loss on ETH and a $192 million impairment on LsETH. SharpLink emphasized that these are non-cash accounting losses and do not represent realized economic losses or a decrease in ETH holdings.
As of the end of March, SharpLink held approximately 870,800 ETH, which had increased to 873,000 by May, with its GAAP-valued crypto assets totaling around $1.7 billion. Since initiating its ETH treasury strategy in June 2025, the ETH Concentration metric (ETH per share) has risen from 2.0 to 4.02, with cumulative staking and on-chain yields generating approximately 18,800 ETH.
SharpLink CEO Joseph Chalom stated that the goal is to enhance ETH capital productivity through institutional-grade on-chain strategies, achieving cross-cycle shareholder value growth. The company has largely internalized its ETH management capabilities and shifted from a single staking yield to a multi-strategy yield system encompassing DeFi, aiming to improve risk-adjusted returns.
08:12
Svmuu News, Bloomberg Senior ETF Analyst Eric Balchunas stated on the X platform that the pure memory chip exchange-traded fund DRAM (Roundhill Memory ETF, launched by Roundhill) has seen its assets under management (AUM) surpass $6.5 billion just 36 days after its launch, setting a new all-time record for ETFs and exceeding the previous record of 43 days held by BlackRock's spot Bitcoin ETF, IBIT.
Eric Balchunas noted that DRAM surged 13% in a single day last Friday while attracting approximately $1 billion in inflows, a key driver behind its rapid asset expansion. He described this performance as "stunning" and stated that regardless of future trends, it is one of the most "perfectly timed" ETF launches on record.
08:06
Svmuu reported that Galaxy, a crypto financial firm founded by billionaire Mike Novogratz, announced it will collaborate with Ethereum treasury company SharpLink to launch a $125 million DeFi fund called the "Galaxy SharpLink Onchain Yield Fund." The fund will focus on high-yield strategies such as on-chain lending and liquidity provision.
The fund is expected to go live within the coming weeks. SharpLink will contribute $100 million from its ETH reserves, while Galaxy will contribute $25 million. Galaxy will serve as the exclusive fund manager, responsible for protocol selection, position allocation, and risk management.
Joseph Chalom, CEO of SharpLink and former Head of Digital Asset Strategy at BlackRock, stated that the company's goal is to continuously enhance the productivity of its ETH assets. Currently, SharpLink holds approximately $2.1 billion in ETH reserves, all of which are staked and deployed on platforms such as Linea, Ether.fi, and Liquid Collective. Since June 2025, the firm has accumulated roughly $44.6 million in yield.
With ETH staking annual percentage yields (APY) hovering around 2.5%-3.5%, some crypto treasury companies are seeking higher-yield DeFi strategies, including on-chain lending and liquidity market making. Such strategies can often yield annualized returns exceeding 10%, but they also come with significantly increased risks. Recent DeFi security incidents have been frequent. In April, the Solana-based derivatives protocol Drift Protocol was attacked by North Korean hackers, resulting in a loss of approximately $285 million. Subsequently, a cross-chain bridge vulnerability in Kelp DAO led to the theft of around $292 million in rsETH, further highlighting the security risks behind high-yield DeFi strategies. (Forbes)
08:04
Svmuu, Tether has announced the launch of its Developer Grants Program, providing financial support to developers building products based on its open-source technology stack. There is no total cap on the funding amount, and payments are made based on specific technical deliverables. The program is now open for applications. Developers can earn USDT or Bitcoin rewards by completing designated tasks, with individual grants ranging from approximately $1,500 to $4,000, covering areas such as wallet infrastructure, browser extensions, and e-commerce payment integrations.
Additionally, Tether will focus on enhancing its open-source wallet development kit, WDK (Wallet Development Kit), allowing developers to embed non-custodial wallets directly into applications. This enables local key generation, transaction signing, and asset transfers without relying on custodial services or third-party APIs.
Tether CEO Paolo Ardoino stated that much of the current infrastructure still relies on centralized platforms and data-driven business models. Tether aims to support systems that can "run locally, directly hold value, and operate without dependency on external service providers" to enter the market.
The grants program covers four main areas: core protocol development, technical documentation and educational resources, application development based on the Tether technology stack, and research into decentralization, edge AI, P2P networks, and cryptography.
08:04
Svmuu reported that Michael Saylor posted on X, stating that Strategy purchased 535 BTC for approximately $43 million, at an average price of around $80,340; the BTC yield since the beginning of 2026 has reached 9.4%. As of May 10, 2026, Strategy holds 818,869 BTC, with a total acquisition cost of approximately $61.86 billion, at an average price of about $75,540.
07:53
Svmuureports that Circle's Q1 financial data shows the RLDC margin reached 41%, marking growth for four consecutive quarters.
Svmuu Note: The RLDC margin refers to the profit margin after deducting distribution costs from revenue, reflecting the core business profitability excluding distribution expenses. This is widely regarded as Circle's most important profitability indicator. The continuous growth of this metric indicates that Circle is becoming more efficient in controlling its distribution costs.
Circle's profit margin after deducting distribution costs has increased for four consecutive quarters
07:51
Svmuu reports that the latest Bitfinex Alpha report indicates that as May began, BTC successfully navigated through the dense sell-off zone between $78,000 and $79,000, briefly approaching $83,000. This rally is primarily driven by spot demand, rather than leveraged funds. Since May 8, the spot CVD (Cumulative Volume Delta) has risen significantly, showing that buyers are continuously taking the initiative to absorb market supply. ETF inflows and public market accumulation are the main drivers, while long-term holders have now accumulated close to 4 million BTC, the largest increase since the pandemic crash in 2020, suggesting that circulating market supply is being further locked up. The market currently estimates the probability of the Federal Reserve keeping interest rates unchanged in June at approximately 94%. Against the backdrop of macroeconomic uncertainty, institutional capital continues to deploy into the crypto market.
07:51
Svmuuis a social media giant Kuaishou is planning to spin off its AI video generation business "Kling AI," and seeks to complete independent financing before an IPO next year. It is reported that Kuaishou has engaged in pre-IPO fundraising talks with potential investors, with Kling AI's valuation potentially reaching $20 billion. Kling AI specializes in AI video generation model research and development and currently competes with similar products from companies such as ByteDance, Google, and Alibaba. (The Information)
07:50
Trader A (@missoralways) posted that he had stored seven-figure assets in Sigma for a long time without encountering security issues in the past. However, two of his recent wallets have suffered asset theft, both occurring when wallet balances fell below $10,000.
He also stated that another friend suffered the theft of approximately $200,000 in assets today, and mentioned Sigma in connection with the incident. The Sigma team has launched an investigation. The trader said he released this information for security reminder purposes and emphasized that he is not an affiliated promoter of any bot-related products.
Trader A Claims Sigma Wallet Hacked Again, Second Wallet Emptied Within Six Months
07:46
SvmuuNews In April 2025, the families of the victims of the shooting at Florida State University in the United States filed a lawsuit in federal court against OpenAI, accusing its product ChatGPT of providing specific guidance to the shooter, Phoenix Ikner, in the weeks before the incident on firearm usage, ammunition selection, and the timing of the attack. This included informing him about the peak lunch period on campus and stating that "involving children would more easily attract national attention." The incident left 2 people dead and 6 injured.
The Florida Attorney General's Office has launched a criminal investigation into OpenAI and issued subpoenas to determine whether it constitutes "aiding a crime." Prosecutors stated bluntly that if ChatGPT were a natural person, it would face murder charges, as reported by CCTV News. OpenAI denies the allegations, claiming that ChatGPT only provided publicly available information and did not encourage illegal behavior. This case is seen as a key precedent globally for holding an AI platform criminally responsible, following a similar lawsuit previously filed against OpenAI by the families of victims of a shooting in Canada. (Decrypt)
07:46
Svmuureported that Circle's Q1 financial data shows Other Revenue, excluding Reserve Income, reached a record high of $42 million, demonstrating a multi-quarter growth trend — $21 million ➡️ $24 million ➡️ $29 million ➡️ $37 million ➡️ $42 million.
07:43
SvmuuNews Ripple's prime brokerage division, Ripple Prime, has completed an asset-backed debt financing of up to $200 million through the specialty finance team of global asset manager Neuberger Berman. The funds will be used to expand margin capacity for institutional investors in cross-market trading across equities, fixed income, and cryptocurrencies, with the actual available amount dynamically adjusted based on client borrowing demand.
This financing, provided by Neuberger Berman's specialty finance division, is a committed credit facility that allows for drawdowns in tranches. Noel Kimmel, President of Ripple Prime, stated that this facility establishes a unified credit structure covering major asset classes, combining blockchain technology with traditional prime brokerage services to enhance clients' financing efficiency and flexibility for cross-asset trading. (Bloomberg)
07:42
Bloomberg ETF analyst Eric Balchunas posted on X that the prediction market ETF was not launched today as originally scheduled, as the U.S. Securities and Exchange Commission (SEC) has decided to conduct further reviews of related products.
Eric Balchunas stated that the delay "is not a fatal issue" at this point, but rather suggests that regulators want to conduct additional scrutiny on the disclosure documents. He noted that such products are groundbreaking and, once approved, will set an important regulatory precedent for prediction market ETFs, so it is understandable that the SEC wants to dedicate more time to review them.

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