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5/12
07:48
Svmuu reports that Wells Fargo has raised its price target for Nvidia from $265 to $315, maintaining an "Overweight" rating. Based on the latest adjustment, the new target price represents an increase of approximately 18.9% from the previous level. It is understood that Nvidia's deployed AI computing capacity is expected to grow from approximately 9.2GW in fiscal year 2026 to 25.2GW in fiscal year 2029, with corresponding data center revenue potentially reaching $628 billion. Wells Fargo has also raised its revenue forecast for Nvidia in fiscal year 2027 to $378.9 billion, and its earnings per share forecast to $8.45. (Jinshi)
07:44
Svmuu reports that Lorenzo Protocol has officially launched its on-chain governance system, Lorenzo Governance, with the first governance proposal now open for voting. This proposal aims to shorten the vesting periods for six categories of tokens—Rewards, Investors, Ecosystem & Development, Team, Treasury, and Advisors—based on community demand, in order to accelerate the token release schedule. If the proposal is approved, the Lorenzo tokenomics will be upgraded from V2 to V3. Upon implementation, the total and circulating supply will immediately increase by 454.8 million tokens, representing an increase of approximately 21.66%. veBANK holders can directly participate in protocol decision-making through on-chain governance voting. The voting period for this round runs from May 12 to May 17.
07:44
Svmuu reports that SlowMist has issued a security alert stating that Aurellion has been attacked, resulting in a loss of approximately 455,003 USDC (approximately $455,000).
Analysis indicates that the root cause of the vulnerability is the lack of effective protection in the initialize(address) function within the SafeOwnable Facet. Because the Diamond contract did not go through the initialization path when setting the owner, the _initialized version slot was not updated correctly, allowing the attacker to reinitialize the contract and overwrite the owner's permissions.
Subsequently, the attacker called diamondCut to inject a malicious Facet and used the malicious pullERC20 function to transfer USDC assets from authorized users, ultimately completing the theft of funds.
Relevant addresses are as follows:
Victim Contract: 0x0adc63e71b035d5c7fdb1b4593999fa1f296f1b2
Vulnerable Facet: 0x3ca79c1cf29b8d19f7c643bb6e6bc9c49762e70f
Attacker Address: 0x9f49591a3bf95b49cd8d9477b4481ce9da68d5ca
Currently, the attacker has taken ownership of the Diamond contract and has withdrawn USDC from several authorized addresses, including 0x2e933518..., 0xa90714a1..., and 0xeced2d37..., among others.
07:40
Svmuu reported that Bakkt released its Q1 2026 financial results, reporting a net loss attributable to the company of $11.7 million, or a loss of $0.41 per share, compared to a net profit of $7.7 million in the same period last year. Affected by a decline in crypto trading volume, Bakkt's crypto services revenue dropped from $1.07 billion in the same period last year to $243.6 million, a year-over-year decrease of 77%. However, a large portion of this was offset by crypto costs and brokerage fees. As of the end of the first quarter, the company held $82.6 million in cash and had no long-term debt. Bakkt stated that it is transitioning from crypto trading infrastructure towards stablecoin payments and AI financial infrastructure, and completed the acquisition of Distributed Technologies Research on April 30, obtaining an AI-native payment engine and stablecoin compliance technology stack. (Cointelegraph)
07:39
According to on-chain analyst Ai Yi, a whale withdrew 7,240 ETH (worth $16.87 million) from an exchange at a price of $2,330 yesterday. In the past 3 hours, the same whale deposited 5,819.8 ETH back to the exchange at a price of $2,284.79. If sold, this would result in a loss of $263,000, with the remaining position showing an unrealized loss of $65,000.
07:35
Svmuu reported that ahead of the release of the April US CPI data, the crypto market rally has temporarily stalled. Bitcoin has been oscillating within the $80,000 to $82,000 range recently, failing to break out effectively since last Wednesday. Market participants believe that while capital flows still point to the potential for a future breakout, inflation and macroeconomic risks are weighing on risk appetite.
The United States will release the April Consumer Price Index (CPI) at 8:30 PM Beijing time tonight. According to FactSet data, the market expects April CPI to rise 3.7% year-over-year, up from 3.3% in March. If this forecast materializes, it would mark the largest increase since January 2024 and be significantly higher than the average of 2.7% over the past 12 months. Core CPI is expected to rise 2.7% year-over-year, up from the previous 2.6%.
Analysts are concerned that against a backdrop of high oil prices and Trump's characterization of the US-Iran ceasefire as "extremely fragile," inflation data exceeding expectations could further trigger risk-off sentiment in the markets, dragging down risk asset performance.
Lukman Otunuga, Head of Market Research at FXTM, stated that the market is entering a sensitive phase where geopolitical risks, inflation concerns, and central bank expectations are intertwined. High oil prices, uncertainties surrounding the Iran situation, and key US economic data could drive increased volatility in commodities, currencies, and global stock markets.
Beyond macroeconomic factors, XRP and SOL are also approaching key supply zones again. XRP tested $1.50 today, but this level has repeatedly failed to be breached since February this year; SOL is once again nearing the resistance zone around $97.
Meanwhile, institutional interest in related assets is heating up. The US spot XRP ETF recorded net inflows of $25.8 million on Monday, the highest since January 5th. Bitcoin and Solana ETFs also maintained net capital inflows, while the Ethereum ETF saw net outflows of $16.9 million. (CoinDesk)
07:31
Svmuu News: Galaxy Research Head of Research Alex Thorn stated that the U.S. Senate Banking Committee has released the first updated complete draft of the CLARITY Act since January. The new draft features significant adjustments in several key chapters, including:
A substantial rewrite of Chapter I concerning definitions and the scope of the U.S. Securities and Exchange Commission (SEC) authority; the addition of Section 109 on insider trading; an update in Chapter II changing "common control" to "coordinated control"; a rewrite of Section 301 to further clarify the regulatory boundary between DeFi and CeFi; an update to Section 404 incorporating the compromise proposal from Tillis and Alsobrooks; adjustments to Section 505 narrowing the scope of SEC authority limitations in the tokenization field; and a restructuring of the bankruptcy and insolvency framework in Sections 701 and 702. Additionally, Section 904 is a new addition, namely the "Build Now Act."
Alex Thorn also noted that the developer protection provisions in the Blockchain Regulatory Certainty Act, found in Section 604, remain largely intact with only minor modifications, without weakening their core protections.
07:30
1. Vitalik: Donated another 64 ETH to an animal welfare foundation, emphasizing that even the welfare of shrimp is important;
2. OKX will list perpetual contracts for SHLD, RKLB, MRVL, and WDC stocks;
3. The latest draft of the CLARITY Act still prohibits earning rewards solely from holding stablecoins;
4. A whale deposited 5,820 ETH (worth $13.3 million) into OKX and Bybit after a month of inactivity;
5. Arthur Hayes: Due to the US-China AI arms race and war-driven inflation, BTC returning to $126,000 is inevitable;
6. A whale transferred 489 BTC to Binance, with an estimated loss of approximately $4.45 million;
7. The 1.25 billion USD short position in BTC and ETH held by pension-usdt.eth has incurred unrealized losses exceeding $15.73 million;
8. The ETH/BTC exchange rate dropped to a 10-month low, with Ethereum continuing to underperform Bitcoin;
9. Wintermute: The current BTC rally is clearly driven by leverage, with a surge in open interest but low spot trading volume;
10. Wells Fargo increased its holdings of ETH ETFs in Q1, while also significantly increasing its position in Strategy stock.
07:16
Svmuu News: According to official sources, OKX has updated the Boost trading volume calculation rules. When users trade mainstream coins on OKX DEX, the trading volume can now be counted towards Boost trading volume and participate in related Boost activities. Additionally, token transactions on the X Layer chain will enjoy an extra 20% boost in trading volume for a limited time.
It is reported that this rule update aims to further expand the coverage of Boost trading volume and enhance the user participation experience within the DEX and X Layer ecosystem.
07:15
Svmuu reported that, according to official disclosure from BNB Chain on May 12, the Total Value Locked (TVL) in Real World Assets (RWA) on the BNB Chain has officially surpassed $4 billion (US$4,000,000,000), setting a new all-time high.
This milestone marks the sustained rapid growth of the BNB Chain RWA sector—in Q4 2025, the sector's TVL was approximately $2 billion, doubling within half a year.
07:11
Svmuu reported that Bitget released its April 2026 transparency report, detailing the latest developments in its core businesses, including tokenized stocks, AI trading infrastructure, and IPO Prime. Data shows that in April, Bitget's average daily trading volume remained stable above $10 billion. According to DefiLlama statistics, its net inflow for the month reached $359.37 million, ranking second among centralized exchanges. Furthermore, Bitget secured the second position globally in stock perpetual futures market share for the first quarter.
On the product ecosystem front, the adoption rate of AI trading tools such as GetAgent, GetClaw, Agent Hub, and Gracy AI continues to rise, empowering users with intelligent trading experiences through the UEX system. In terms of innovative products, Bitget launched IPO Prime, a subscription service for US stock IPOs, extending the product boundaries of UEX into the primary market. According to rwa.xyz data, its first-phase projects ranked third globally among tokenized private equity and VC assets.
07:01
Svmuu News: According to market sources, eBay has rejected GameStop's roughly $56 billion acquisition offer, calling the proposal "neither credible nor attractive."
In a previous report, on May 4, GameStop proposed to acquire eBay for $125 per share in a cash-and-stock deal. GameStop CEO Ryan Cohen stated that the company already holds approximately 5% of eBay's shares. If eBay rejects the acquisition plan, it will consider launching a proxy fight and directly advance the proposal to shareholders.
06:54
Svmuu reports that Lorenzo Protocol has officially launched its on-chain governance system, Lorenzo Governance, and opened voting for its first governance proposal.
The proposal seeks to shorten the vesting periods for 6 categories of BANK tokens, including rewards, investors, ecosystem development, team, treasury, and advisors. If the proposal passes, Lorenzo Tokenomics will be upgraded from V2 to V3, increasing the total supply and circulating supply by 454.8 million tokens immediately, representing an increase of approximately 21.66%.
Additionally, veBANK holders can now participate in protocol decision-making through on-chain governance. The voting will last until May 17, 2026, at 16:00 (UTC).
06:49
According to Svmuu, the latest 13F filing from Wells Fargo reveals that in the first quarter of 2026, the bank increased its holdings in multiple Ethereum spot ETFs, including BlackRock's ETHA and Bitwise's ETHW.
Specifically, the ETHA position rose from approximately 672,600 shares in Q4 2025 to around 1.1 million shares, an increase of about 63.5%; while the ETHW position increased from roughly 186,800 shares to 257,000 shares, a gain of approximately 37%. As of the end of Q1, the total value of Wells Fargo's ETH ETF holdings stood at about $21.5 million.
In contrast, its Bitcoin ETF holdings showed a divergence: the IBIT position declined slightly, while positions in BITB and the Grayscale Bitcoin Mini Trust ETF increased by approximately 24% and 41%, respectively. Currently, IBIT remains its largest crypto ETF holding, valued at around $250 million.
Additionally, Wells Fargo made significant adjustments to its crypto-related stock portfolio, reducing its Galaxy Digital position by approximately 97%, while increasing its Strategy (formerly MicroStrategy) holdings from about 322,700 shares to 726,000 shares—a surge of roughly 125%. (Cointelegraph)
06:40
Svmuu reported that Wintermute’s weekly market report indicates Bitcoin recently broke through $80,000 and briefly touched around $83,000, while also reclaiming the 200-day moving average for the first time in seven months. However, this rally is clearly more driven by leveraged capital rather than spot buying.
The report notes that over the past month, Bitcoin open interest increased by approximately $10 billion, while spot trading volume dropped to a two-year low, a classic short squeeze scenario. Although ETFs still recorded net inflows of $623 million and BTC reserves on exchanges fell to a seven-year low, the current RSI has entered overbought territory. If spot buying fails to sustain after the short squeeze ends, BTC prices could face a rapid correction risk.
Wintermute also stated that the current crypto market rally is more driven by the strength of US equities and the resonance of leverage, rather than an independent bull market narrative. Upcoming US CPI data and changes in Federal Reserve policy expectations will be key factors in determining whether BTC can stably hold above $80,000.
06:40
According to Coinglass data, the ETH/BTC exchange rate fell to 0.02835 on Tuesday, its lowest level since July 2025, marking a cumulative decline of over 35% from the August 2025 high of 0.04324.
Data shows that ETH fell over 2% on the day, while BTC dropped approximately 1%. The ETH/BTC exchange rate is now significantly below the 200-week moving average of 0.04828, with the technical outlook continuing to reflect Ethereum's long-term weakness relative to Bitcoin.
06:04
Svmuu reported that according to Arkham monitoring, the Ethereum address pension-usdt.eth currently holds short positions worth approximately $125 million in BTC and ETH, including about $90 million in BTC shorts and roughly $45 million in ETH shorts. The total floating loss currently stands at approximately $15.73 million.
Data shows that this address primarily established short positions when BTC was around $67,000 and ETH was near $2,100. Currently, the liquidation price for BTC is approximately $101,000, and for ETH, it is around $3,300.
05:19
According to Lookonchain monitoring, a whale transferred 489 BTC, worth approximately $39.59 million, to Binance 1 hour ago.
Data shows that the address purchased these BTC at an average price of approximately $90,144 4 months ago. If sold at the current price, the estimated loss would be about $4.45 million.
05:13
According to data from msx.com, crypto-related stocks are broadly lower in US pre-market trading. CRCL is down 0.17%, COIN is down 2.22%, MSTR is down 2.58%, SBET is down 2.32%, and HOOD is down 2.03%.
It is reported that msx.com is a decentralized RWA trading platform, which has listed hundreds of RWA tokens to date, covering US stocks and ETF tokenized assets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.
05:04
Svmuu reports that Arthur Hayes has published his latest article "The Butterfly Touch," stating that the crypto bull market officially began after the US launched military action against Iran on February 28, 2026. He believes Bitcoin had already completed its bottom formation near $60,000, and with the release of dollar and yuan liquidity, BTC’s return to $126,000 is a "foregone conclusion." He also predicts that after breaking through $90,000, the upward momentum will enter an accelerating phase.
Hayes pointed out that the core factors driving fiat credit expansion include three aspects: first, the US-China AI capital expenditure race, where both countries regard AI as a core national security priority, forcing the Federal Reserve and the People's Bank of China to maintain accommodative financial environments to support the expansion of tech giants; second, war inflation, as the US-Iran conflict accelerates the restructuring of global supply chains and the dollar system, potentially requiring the US to maintain stability through dollar swaps and relaxed banking regulations; third, the Trump administration’s political need to sustain a loose credit environment and capital market appreciation ahead of the 2028 US presidential election.

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