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5/11
10:47
Svmuureports that amid the ongoing disruption in the Strait of Hormuz, the strain on global energy supply has further intensified. Saudi Aramco issued a strong warning during its latest earnings call, pointing out that the current scale of the shock has reached an unprecedented level.
CEO Amin Nasser stated at a meeting on Monday that if this critical waterway remains blocked, the world could see a reduction of approximately 100 million barrels of crude oil supply per week. Since the outbreak of the current conflict, the cumulative shortfall has reached about 1 billion barrels. Although some of the losses have been partially cushioned by releases from strategic petroleum reserves and alternative transport routes, Nasser emphasized: "We are facing the largest energy supply shock in global history."
The impact of this shock is extending over a longer cycle. The Strait of Hormuz normally handles about one-fifth of the world's oil and gas transport. If the timeline for its restoration continues to be delayed for several more weeks, the repair of market supply-demand dynamics could be forced back to 2027. The resulting disruption is no longer limited to short-term volatility but is placing sustained pressure on the global supply system. (Jin Shi)
10:42
Svmuu reported that Circle co-founder and CEO Jeremy Allaire responded to questions from analysts during tonight's earnings call.
When asked about the potential for broader distribution of the ARC token in the future, Jeremy Allaire stated: "We have completed this $222 million funding round for the ARC token pre-sale at a $3 billion FDV, and we have an obligation to eventually distribute tokens to these pre-sale participants. Our current core focus is driving the launch of the Arc mainnet (which is coming soon) and driving network utility and growth. Ultimately, as the network expands, the ARC token will play a crucial role in utility, governance, staking, and security. What we shared in the ARC token whitepaper is that 60% of the tokens are specifically allocated for ecosystem grants, airdrops, and other incentive programs, which is what Circle and the broader community hope to see over time. Obviously, there will be more opportunities in the deployment of the ARC token—especially regarding this 60% allocation—in the future."
Previously, the ARC token whitepaper showed that 60% of the tokens will be allocated to the ecosystem (token sales, developer grants, network growth); 25% will be allocated to Circle (protocol development, staking, and governance); and 15% will be allocated to a long-term reserve (strategic flexibility and economic stability).
Circle CEO Mentions Potential ARC Airdrop: Airdrop Use Included in 60% "Ecosystem" Allocation
10:38
Svmuu reported that payment company Corpay has announced a partnership with stablecoin infrastructure provider BVNK to introduce stablecoin wallet and settlement capabilities into its global enterprise payment platform, providing a new channel for cross-border fund flows outside the traditional banking system. Through this integration, Corpay’s enterprise customers can view both fiat and stablecoin balances on the same platform interface, and are supported in sending, receiving, storing, and exchanging stablecoins, realizing embedded wallet functions that cover more flexible cross-border payment scenarios. (CoinDesk)
10:36
SvmuuNews: According to Fox News, U.S. President Donald Trump stated that he is considering restarting the Liberty Plan. (Jinshi)
10:34
Svmuu reported that according to Lookonchain monitoring, as updated on May 11, the Bitcoin ETF had a single-day net outflow of 3,685 BTC, valued at $298.89 million, and a 7-day net inflow of 7,287 BTC, valued at $591.04 million; the Ethereum ETF had a single-day net outflow of 6,492 ETH, valued at $15.1 million, and a 7-day net inflow of 24,921 ETH, valued at $57.97 million; the Solana ETF had a single-day net inflow of 70,721 SOL, valued at $6.76 million, and a 7-day net inflow of 451,400 SOL, valued at $43.15 million.
10:33
SvmuuNews: Solana core development team Anza announced that a major consensus mechanism upgrade, codenamed Alpenglow, has been launched on the community testnet. Validators can now switch from the current Proof-of-Stake, Proof-of-History, and TowerBFT architecture to the new consensus framework within the test cluster.
The upgrade shortens transaction finality time and improves network response efficiency by restructuring the validator communication and block confirmation process. This testing phase marks that validators can now execute the Alpenswitch migration operation in a real-world environment. Solana co-founder Anatoly Yakovenko previously stated that if testing goes smoothly, Alpenglow could be deployed to the mainnet as early as next quarter. (CoinDesk)
10:29
Svmuu Bitcoin mining and AI computing infrastructure company IREN Limited announced plans to privately issue $2 billion in convertible senior notes due 2033 to qualified institutional investors under Rule 144A, with an option to increase the offering by an additional $300 million.
These convertible notes are unsecured senior debt instruments, paying interest semi-annually, maturing on December 1, 2033. Investors can convert the bonds into common stock of the company under specific conditions. The company may settle repayments or conversions in cash, shares, or a combination of cash and shares. According to the terms, IREN can redeem the notes early after June 2030 if certain stock price conditions are met. In the event of a "fundamental change," investors can demand the company repurchase the bonds at par value plus accrued interest.
Regarding the use of proceeds, the company will allocate a portion to cover the cost of the "capped call" transactions, with the remainder for general corporate purposes and working capital. This structure is designed to hedge against potential equity dilution from the conversion of the notes. Concurrently, IREN will enter into hedging agreements with financial institutions to mitigate conversion risk through derivatives and stock transactions. This mechanism may not fully offset dilution if the stock price exceeds the set "cap price." Additionally, the hedging counterparties may engage in related transactions during the issuance and life of the notes, which could impact IREN's stock price and the value of the convertible notes.
Overall, this financing arrangement enhances the company's capital flexibility while introducing a relatively complex structural hedging mechanism to balance expansion funding needs with equity dilution risk. (Globenewswire)
10:27
Svmuu reports, on the eve of a key vote by the U.S. Senate Banking Committee on comprehensive cryptocurrency legislation, American Bankers Association (ABA) CEO Rob Nichols sent an urgent letter to bank executives, calling for immediate contact with senators to push for amendments to stablecoin-related clauses.
Nichols warned that the current draft fails to effectively prevent crypto companies from attracting stablecoin deposits through "interest-like rewards," which could lead to a large-scale migration of bank deposits to stablecoins, thereby threatening economic growth and financial stability. In the letter, he stated this is "an urgent advocacy battle requiring immediate action."
The bill was originally intended to establish the first federal unified regulatory framework for the crypto industry and clarify the responsibilities of various regulatory agencies. However, the controversy surrounding stablecoin yields continues to be one of the core legislative obstacles. The banking industry worries that although the relevant framework passed last year under the GENIUS Act prohibits issuers from directly paying interest, it still allows platforms to offer yields in the form of rewards, thereby weakening the funding base of the banking system.
After multiple rounds of negotiations, bipartisan senators proposed a compromise: prohibiting "regulated entities" from providing interest or equivalent benefits to token holders in any form, while allowing reward mechanisms based on transaction or usage behavior. However, banking groups subsequently raised objections, arguing that the wording contains "circumvention loopholes." For example, providing fixed rewards based on holding size could be seen as a form of disguised interest.
Currently, the Senate Banking Committee is expected to review and vote on the bill this Thursday. The regulatory boundary surrounding the stablecoin yield mechanism remains one of the biggest points of contention. (The Block)
10:20
Svmuu reported that Circle co-founder and CEO Jeremy Allaire responded to questions from various analysts during tonight's earnings call.
When asked how ARK tokens belonging to Circle would be accounted for, Jeremy Allaire said: "When ARK tokens are created, they will be recorded on Circle's balance sheet at cost, and that cost is zero. Then, after Circle fulfills its obligations under the token presale agreement, we will recognize the value of these tokens as 'other income,' which will then be directly reflected in RLDC (Revenue Less Distribution Cost) and adjusted EBITDA."
10:17
According to Iranian state media, as the latest response to the U.S. proposal to end the war, Iran has demanded sovereignty over the Strait of Hormuz. The Strait of Hormuz is located between Iran and Oman, where the exclusive economic zones of the two countries meet. The narrowness of the waterway makes it easier for Iran to launch attacks on vessels, as ships lack sufficient space for maneuvering and do not have enough time to issue warnings to avoid threats.
Under the United Nations Convention on the Law of the Sea, a state has "sovereign rights" to explore, exploit, conserve, and manage marine resources within its exclusive economic zone. However, "ships of all states, whether coastal or landlocked, enjoy the right of innocent passage through the territorial sea." The convention states that coastal states should not "hamper the innocent passage of foreign ships through the territorial sea," but this applies only under specific and clearly defined circumstances. Coastal states may take necessary measures within their territorial sea to prevent passage that is not innocent. (Jin Shi)
10:16
Svmuu reports that according to GMGN data, TROLL's market cap has surpassed $135 million, currently standing at $135.02 million, with a 24-hour increase of 55.56%.
Svmuu reminds users that Meme coins are highly volatile, and investors should participate with caution.
10:14
Svmuu News JPMorgan stated that it expects the average oil price in 2026 to be $96 per barrel, with the second, third, and fourth quarters at $103, $104, and $98 per barrel, respectively. (Jinshi)
10:09
Svmuu reported that, according to monitoring by Onchain Lens, a whale address "8uAXw" withdrew 199 million PENGU from Binance, worth $2.04 million.
10:07
Svmuu reports that in response to a community user's comment that He Yi is "all just luck," He Yi posted on X platform, replying: "Right? I've been lucky for the past ten years, and I'll be even luckier for the next twenty. If you're already this angry now, what will you do later?"
10:03
Svmuu reports that U.S. space stocks are trending higher. Rocket Lab rose over 4% during trading, hitting a new high after surging more than 34% the previous day; AST SpaceMobile rose over 5%, set to release its earnings report after the market close. The "SpaceX concept fund" DXYZ rallied again, gaining over 11%, while VCX rose nearly 18%. (CLS)
10:01
Svmuu U.S. stocks lacked a clear direction overall, but strong corporate earnings reports prompted Wall Street strategists to continue raising their S&P 500 targets, while the market is still assessing the uncertainty surrounding the duration of the Iran conflict. The S&P 500 index opened largely flat.
The strong performance of chip stocks continued to boost the benchmark index, with companies like Intel and Micron Technology standing out the most. The tech-heavy Nasdaq 100 index edged up 0.2%, while the Dow Jones Industrial Average fell 0.1%. "The market still believes a ceasefire agreement will be reached," said Tom Esay, founder of Sevens Report, explaining why stocks did not see a larger sell-off after Trump stated that Iran's response to his proposal to end the war was "completely unacceptable." (Jinshi)
09:51
Svmuu reported that during US stock trading, storage concept stocks strengthened. Among the sector's five constituent stocks, four rose while one fell, with Micron Technology leading the gains.
Micron Technology (MU.US) rose as much as 9.62%, currently up 5.78% at $790, with a trading volume of $11.427 billion.
Western Digital (WDC.US) rose as much as 6.45%, currently up 4.5% at $501.61, with a trading volume of $578 million.
Seagate Technology (STX.US) rose as much as 5.28%, currently up 3.62% at $811, with a trading volume of $522 million.
09:40
Svmuu reports that Ondo Finance has officially disclosed that Ondo now supports bridging its tokenized stocks and ETFs (such as SPYon, NVDAon, TSLAon, etc.) from Ethereum and BNB Chain to Hyperliquid’s HyperEVM via the Ondo Bridge. This integration supports 35 types of tokenized assets, which can be combined with Hyperliquid’s perpetual contract markets for strategies such as basis trading, funding rate arbitrage, and neutral hedging. The prices of Ondo’s tokenized assets are pegged to quotes from traditional markets like the NYSE and Nasdaq, aiming to preserve off-chain market liquidity. Since its launch in September 2025, Ondo Global Markets has accumulated a total TVL of approximately $970 million, with a trading volume of nearly $18 billion.
09:39
Svmuu reported that, according to on-chain analyst Ai Yi's monitoring, a whale has cumulatively withdrawn 7,240 ETH from Bybit and OKX in the past 20 minutes, with a total value of $16.87 million and an average withdrawal price of $2,330. One hour ago, the whale had just deposited an equivalent amount of USDT to the exchange.
09:36
Svmuu reports that crypto venture capital firm a16z Crypto has published its core logic for investing in ARC, stating that stablecoins have completed a property leap, evolving from a crypto market trading tool into the core of global financial infrastructure, pushing blockchain from application-layer finance towards a system-level economic operating system.
On the data front, last year, the total annual transaction volume of stablecoins reached approximately $9 trillion, with transaction volumes comparable to major traditional payment networks like Visa and PayPal. Currently, the total supply of USD stablecoins has exceeded $270 billion. Cross-border payments, B2B corporate settlements, and foreign exchange trading have become the mainstream use cases for stablecoins, gradually positioning them as the upgraded hub for global capital flows.
a16z points out that most existing public chain infrastructure is designed for crypto-native users and individual developers, lacking native service capabilities for large institutions. As traditional finance migrates to the chain on a large scale, only a few public chains in the future will be able to serve as the base layer for on-chain economic systems. The firm states that its investment in the ARC ecosystem is a bet on its long-term growth into the next-generation institutional-grade on-chain underlying infrastructure.

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