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5/13
20:52
Svmuu News On the last day of the discovery phase in Musk's lawsuit against OpenAI, a Microsoft executive revealed in court that by June 2026, Microsoft's total investment in OpenAI (including investment commitments, infrastructure, and computing power hosting costs) will exceed $100 billion.
The report states that this figure is significantly higher than the market's general understanding of a $13 billion cash investment, marking the first disclosure of Microsoft's overall costs in supporting OpenAI through underlying computing power and infrastructure. Microsoft CTO Kevin Scott also confirmed that when the two parties first built the initial supercomputer, they deployed tens of thousands of GPUs at once.
Furthermore, after Microsoft and OpenAI concluded their presentation of evidence, Musk's team chose to forgo the rebuttal phase, officially ending the three-week discovery period. The court is expected to enter the closing argument phase on Thursday.
20:50
According to SoSoValue data, yesterday (May 13, Eastern Time), HYPE spot ETFs recorded a total net inflow of $1.3571 million in a single day.
Only the 21Shares Hyperliquid ETF (THYP) saw inflows yesterday, with a single-day net inflow of $1.3571 million, bringing its historical total net inflow to $2.5248 million.
As of press time, the total net asset value of HYPE spot ETFs stands at $31.667 billion, with a HYPE net asset ratio of 0.03%. The historical cumulative net inflow has reached $25.248 billion.
20:47
Svmuureports that the L1 blockchain TAC team stated they have confirmed a security incident on the cross-chain layer resulted in approximately $2.8 million in assets being transferred, involving assets such as USDT, BLUM, and tsTON.
TAC stated that if the attacker returns the relevant funds to the designated multi-signature address, the team will consider this incident a "white hat rescue" and will not take legal action against the operator of the involved ETH/BSC, ZEC, and TON addresses.
As a reward, the attacker can receive an approximately 10% bounty, equivalent to about 13 ETH and 300 ZEC.
20:47
SvmuuNews A suspected investment fund Gammafund address (gammafund.eth) purchased 11,215 ETH at a price of $1,999 in March, valued at $22.42 million. Six hours ago today, it redeemed 5,555 ETH from ether.fi, worth $12.53 million, and transferred them to Binance, securing a profit of $2.87 million. Additionally, it is still applying to redeem approximately 5,500 ETH, which may continue to be sold after the redemption succeeds next week.
20:46
Svmuu reports that the TAC team has announced its cross-chain layer's TON side was exploited by an external attacker, resulting in a loss of approximately $2.8 million, involving USDT, BLUM, and tsTON. TAC, TON, and all ERC-20 tokens bridged from Ethereum remain unaffected. The bridging service is currently suspended, and forensic analysis and remediation efforts are ongoing. A full report with more details will be released within the next 48 hours. The team is cooperating with law enforcement, SEAL 911, and security partners to track and freeze the stolen funds. The team stated that it will sell the foundation's TAC token reserves through a lawful and structured method to cover user losses and fully restore bridge liquidity.
20:33
Svmuu reported that a whale deposited 2 million USDC into HyperLiquid and increased its 7x short position on the S&P 500, which is now valued at $37.67 million. The whale is currently facing floating losses exceeding $2.19 million, with a liquidation price of $8,104.85.
20:27
Svmuu reported that Polymarket's monthly trading volume in April fell approximately 8.9% to $10.2 billion, marking its first month-over-month decline since August last year. In comparison, rival Kalshi saw its trading volume rise about 13% to $14.8 billion in April. The overall prediction market recorded a total trading volume of approximately $29.8 billion in April, up 12.4% month-over-month. Polymarket is attempting to fully reintegrate into the U.S. market, while American lawmakers are intensifying regulatory scrutiny of prediction markets.
20:27
Svmuu reported that Metaplanet, Japan's largest corporate Bitcoin holder, has postponed its preferred stock listing plan. CEO Simon Gerovich stated that the delay is mainly due to the underdeveloped preferred stock market in Japan, regulatory requirements that preferred dividends must be supported by sustainable cash flow, and the company's plan to pay dividends monthly, a frequency far higher than the usual one to two times per year in the Japanese market. The planned instrument would be Japan's seventh listed preferred stock and the first perpetual preferred stock. Metaplanet previously announced the launch of two types of listed preferred stocks: Mars and Mercury.
20:26
Svmuu reports that Consensys, the Ethereum software company and developer of the MetaMask wallet, has postponed its potential IPO from the originally planned spring window to at least this fall. Consensys had previously appointed JPMorgan and Goldman Sachs to lead the IPO process and planned to confidentially submit a draft S-1 prospectus to the U.S. Securities and Exchange Commission around late February. Consensys' last funding round was its Series D round completed in early 2022, raising $450 million at a valuation of approximately $7 billion, with participation from investors including Microsoft and SoftBank. The SEC dismissed its lawsuit against Consensys in February 2026. Consensys' MetaMask wallet boasts over 30 million monthly active users, while its Infura node service and Linea Layer 2 solution form its core infrastructure business.
20:26
Svmuu reported that, according to Onchain Lens monitoring, an Ethereum 1CO participant (0xed4...edf) transferred 790 ETH, worth $1.78 million, after remaining dormant for over 10.8 years. The participant had initially invested only $246, achieving a return of 7,243 times.
20:25
"Fed Whisperer" Nick Timiraos stated that the U.S. House Financial Services Committee is considering a bill to amend the Federal Reserve Act, aiming to eliminate the Federal Reserve's dual mandate and focus it solely on price stability. The bill text shows an amendment to Section 2A of the Federal Reserve Act (12 U.S.C. § 225a), deleting "maximum employment, stable prices" and inserting "stable prices." Timiraos noted that if this bill had been law at the time, the Fed's decision to cut interest rates last year would warrant reconsideration.
17:51
Svmuu News In the early hours of May 14 local time, the UAE Foreign Ministry stated in a statement that the UAE denies reports regarding Israeli Prime Minister Benjamin Netanyahu's visit to the UAE or the UAE hosting an Israeli military delegation. The statement said the UAE reaffirms that its relations with Israel are open and transparent, conducted within the framework of the well-known and officially announced Abraham Accords, and are not based on any opaque or unofficial arrangements. Therefore, any claims about undisclosed visits or unannounced arrangements are unfounded unless officially announced by the relevant UAE authorities. On the evening of May 13 local time, the Israeli Prime Minister's Office issued a statement claiming that during the "Roaring Lion" military operation, Prime Minister Netanyahu made a secret visit to the United Arab Emirates and met with UAE President Mohamed. The statement said, "This visit facilitated a historic breakthrough in relations between Israel and the UAE."
17:49
Svmuu reports that Fidelity International has launched its first tokenized fund, the Fidelity USD Digital Liquidity Fund (FILQ), which has received Moody's highest AAA-mf money market fund rating.
FILQ functions as the on-chain version of its existing institutional-grade USD Liquidity Fund, referencing the strategy of Fidelity's nearly $7 billion low-volatility net asset value fund. It is designed to serve the 24/7 digital asset market.
The fund utilizes tokenization infrastructure provided by Sygnum and is connected to Chainlink oracles to bring daily official net asset value data from JPMorgan onto the blockchain. Investors can subscribe and redeem around the clock using stablecoins.
17:47
According to Svmuu, data shows that Hyperliquid captured approximately 43% market share in on-chain fee revenue among major blockchains last week, ranking first with about $11 million in fee revenue.
On-chain fees are a better reflection of a network's actual value capture capability than trading volume. Hyperliquid's fees primarily come from perpetual contract trading, where users pay related fees during the process of opening, holding, and closing positions.
17:45
Svmuu Solana infrastructure project Jupiter has announced a partnership with Bitwise to launch a dedicated USDe lending market on Jupiter Lend. This marks the first time an institutional asset management firm has participated in curating a lending market on Jupiter Lend.
The market will be isolated from Jupiter Lend's existing liquidity pools to reduce the risk exposure of potential institutional capital, and will integrate the decentralized protocol Fluid to provide lending and collateral infrastructure support.
This collaboration will offer users a new avenue to generate yields on USDe within the Solana ecosystem.
17:44
Svmuu reported that the smart contract auditing platform Code4rena has announced it will gradually cease operations. All ongoing audit contests and bug bounty programs will still be completed as normal.
Web3 security platform Immunefi subsequently stated that it will collaborate with Code4rena to take over its bug bounty clients and security researchers, assisting in the migration of bounty scope, rules, and reward structures.
Code4rena was known for its "competitive audit" model, allowing independent security researchers to earn rewards by discovering smart contract vulnerabilities. The platform secured $6 million in funding from Paradigm in 2023 and was acquired by blockchain security firm Zellic in 2024.
15:01
Svmuu News: The U.S. Senate confirmed Warsh as the Chairman of the Federal Reserve with a vote of 54 to 45. The Senate had previously approved Warsh to serve as a Fed governor on the 12th, a term lasting 14 years. With the confirmation of his chairmanship on the 13th, Warsh will officially assume his position after completing the relevant White House signing procedures, succeeding current Chair Powell, whose term ends this Friday (May 15). However, Powell is expected to continue serving as a Fed governor. This vote marked the most partisan split in history: only one Democrat—Senator John Fetterman of Pennsylvania—joined the Republican majority in voting in favor. (Jin Shi)
14:38
Svmuu: The U.S. Senate voted to confirm Federal Reserve Chairman nominee Walsh as the Chairman of the Federal Reserve.
12:43
Svmuu reported that U.S. financial services giant Charles Schwab has begun a phased rollout of its "Schwab Crypto" service to eligible retail clients in the United States, allowing users to directly trade Bitcoin and Ethereum.
According to official information, users can view and manage their crypto assets directly through their existing Schwab accounts. Custody is handled by Charles Schwab Premier Bank, with Paxos providing the underlying custody and trade execution services.
The platform charges a trading fee of 0.75% of the transaction amount and currently does not support deposits or withdrawals from external wallets. Additionally, the service is not yet available to residents of New York State or Louisiana.
Charles Schwab currently manages approximately $12 trillion in client assets, and its clients already hold about 20% of the asset share in U.S. spot crypto ETFs. (FinanceFeeds)
12:18
According to the latest 13F filings, quantitative trading giant Jane Street significantly reduced its positions in several Bitcoin-related assets in the first quarter of 2026, while increasing its holdings in Ethereum ETFs and select crypto stocks.
Specifically, Jane Street's holdings in BlackRock's IBIT fell by approximately 71% quarter-over-quarter to 5.9 million shares, valued at roughly $225 million. Its position in Fidelity's FBTC decreased by about 60% to roughly 2 million shares, worth approximately $115 million.
Furthermore, its Strategy holdings dropped from about 968,000 shares in Q4 2025 to roughly 210,000 shares, with the position value declining from approximately $146 million to around $27 million. The firm also reduced its stakes in Bitcoin mining companies such as IREN, Cipher Mining, TeraWulf, and Core Scientific.
On the other hand, Jane Street significantly increased its Ethereum ETF holdings, with combined new positions in BlackRock's ETHA and Fidelity's ETH funds totaling approximately $82 million. Simultaneously, its positions in Riot Platforms, Coinbase, and Galaxy Digital all increased. Notably, the Galaxy Digital position surged from roughly 17,000 shares to about 1.5 million shares.

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