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5/14
09:18
Svmuu reports that Turnkey, a company specializing in crypto wallets and key management infrastructure, has announced the completion of a $12.5 million strategic financing round. Archetype and Circle Ventures led the round, with participation from Sequoia Capital, Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, and Variant. The project's total funding has now exceeded $65 million.
The company's primary business involves developing wallet and key management infrastructure for crypto applications. This round of financing will be used to support the development and public launch of Turnkey Verifiable Cloud, a product focused on digital asset security computing. This product aims to provide enterprises with verifiable operating environments, encompassing functionalities such as transaction visibility, policy decisions, and agent-driven wallet activities. Turnkey's current clientele includes Polymarket, World App, and Anchorage Digital.
09:16
Svmuu reported that stablecoin neobank Fasset has announced the completion of a $51 million Series B funding round, led by SBI Group, Investcorp, and Arz Portföy. The project primarily operates a digital banking platform based on stablecoins and blockchain technology, aiming to provide payment, remittance, and trade finance services for emerging markets.
Currently, the platform operates across more than 50 payment corridors in Asia, Africa, and the Middle East, with an annualized transaction volume exceeding $32 billion, serving over 1,000 small and medium-sized enterprises across 125 countries. Fasset plans to use the funds to enter new markets, develop lending and trade finance products, and expand its proprietary Own Network infrastructure.
09:10
Svmuureports that GSR Chief Legal Officer Joshua Riezman stated in an interview that the probability of the Clarity Act being submitted to the President for signature within this congressional session is below 50%. This assessment contradicts the prediction by Coinbase Chief Legal Officer Paul Grewal that the bill would pass this summer.
Riezman noted that the congressional dispute over stablecoin yields and ethical concerns involving the President's family are the main obstacles. Additionally, he predicted that the stablecoin market size will ultimately reach between $1 trillion and $3 trillion, and that most companies listed on the S&P 500, Nasdaq, and NYSE will achieve tokenization within the coming years.
09:07
SvmuuNews Chicago Mercantile Exchange CME Group plans to launch the Nasdaq CME Crypto Index futures on June 8, pending regulatory review. The product is its first market-cap-weighted futures contract, available in both micro and large sizes. The contracts will be cash-settled and track the Nasdaq CME Crypto Settlement Price Index, which is composed of Bitcoin, Ethereum, SOL, XRP, ADA, LINK, and Lumens. Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, stated that the average daily trading volume of its crypto products has increased by 43% this year. The new product will provide investors with regulated and efficient risk management tools.
08:58
Svmuu reports that BlackRock CEO Larry Fink stated that global demand for computing power is so immense that traders may one day be able to trade on computing power futures markets.
08:54
Svmuureports that traffic through the Strait of Hormuz has increased this week, but analysts warn that more vessels are turning off their Automatic Identification System (AIS) tracking signals during transit.
According to Lloyd's List, a leading shipping industry media outlet, tanker owners are preparing for long-term shipping disruptions as regional risks remain elevated. Current traffic levels are still well below those seen before the conflict, when approximately 130 vessels passed through the strait daily, carrying about 20% of the world's oil and gas supply. (Jin Shi)
08:31
Svmuu: The number of initial jobless claims in the United States for the week ending May 9 was recorded at 211,000, the highest since the week ending April 18, and above the market expectation of 205,000.
08:20
Svmuu News ZachXBT posted on X platform, stating that the wallet (0xf09c) of the LAB lending contract borrower is the same wallet used for public buybacks, and the funds have flowed to an exchange suspected to be personally controlled by Vova. Since January 2026, co-founder Mark has publicly sought OTC buyers, offering loans with a 5% monthly interest, as well as OTC parcels with a 60% discount and a 5-month lock-up period.
The funding source for the LAB team's multi-signature signer address (0xcEA...eBC9) is linked to an insider involved in the RIVER manipulation incident. This insider had previously received over $12 million worth of RIVER tokens to two CEX deposit addresses. Between March and April, the insider deposited 226 million LAB tokens to Bitget, and recently withdrew 100 million tokens. An unknown market maker may be operating through Chinese exchanges.
He pointed out that the team, market makers, and OTC buyers possess inside information, placing retail investors at a disadvantage. He called on Bitget, Binance, and Gate.io to freeze the profits obtained by insiders and redistribute them to users.
08:17
Iranian Vice President Reza Aref: We will never lose the Strait of Hormuz, no matter the cost. The Strait of Hormuz is ours; it has always been our property, we just failed to make good use of it for a period of time. (Jinshi)
08:11
SvmuuNews Gate Research recently released its "April 2026 Cryptocurrency Market Review" report, indicating that the overall cryptocurrency market saw a volatile upward trend in April, with total market capitalization significantly higher than in March. BTC and ETH ETF trading volumes maintained high volatility overall. The report shows continued divergence in activity across major public chain ecosystems. Solana's daily transaction volume remained in the range of approximately 90 million to 110 million transactions, maintaining its leading position.
Regarding trending sectors, the report notes that Pokemon TCG RWA has become one of the fastest-growing on-chain RWA sub-sectors, entering a second explosive growth phase in April. Major trading platforms saw monthly trading volumes exceed $220 million, with weekly revenue briefly approaching $6 million, setting new historical records. Meanwhile, Aave experienced its most severe liquidity crisis ever in April, with TVL outflows reaching tens of billions of dollars within a few days and net outflows exceeding $9 billion for the entire month.
In terms of fundraising and security incidents, the Web3 industry completed 51 financing rounds in April, totaling approximately $834 million, with capital further concentrating on leading financial and infrastructure tracks. Among these, Payward ranked first for the month with a $200 million financing round. On the security front, Web3 security incidents in April resulted in losses of approximately $306 million, a month-over-month increase of about 858%, primarily driven by a single cross-chain infrastructure attack on Kelp DAO worth approximately $293 million. The report suggests that against the backdrop of a recovering market, on-chain activity and capital liquidity are both increasing simultaneously. However, the security risks associated with cross-chain infrastructure and high-leverage protocols remain worthy of continued attention.
08:02
Svmuureported that Coinbase has become the official Treasury deployer of USDC on Hyperliquid, positioning it as a quote asset for alignment. As part of the transition, Native Markets has reached an agreement granting Coinbase the right to purchase USDH brand assets. The USDH market will be gradually phased out, during which users can still exchange USDH for USDC or fiat currency without fees.
Currently, the scale of USDC on Hyperliquid is approximately $5 billion, a 2x increase year-over-year. This integration aims to strengthen USDC's position as the preferred stablecoin for on-chain capital markets, further unifying global markets and enhancing capital efficiency.
07:53
Svmuu reports that according to an official announcement, Binance has postponed the trading commencement time for Gensyn (AIGENSYN) from the originally scheduled May 14, 2026, at 13:00 (UTC) to May 14, 2026, at 15:00 (UTC).
07:50
Svmuu reports, according to Gate data, spot gold has broken through the $4,700/oz integer level, now reported at $4,700.09, up 0.24% on the day.
07:40
Svmuu reports, according to Onchain Lens monitoring, BlackRock deposited 3,581 Bitcoin, worth $284.62 million, and 9,876 Ethereum, worth $22.29 million, into Coinbase.
07:35
Svmuu reported that, according to TASS and Reuters, Kremlin spokesman Dmitry Peskov stated at a press conference on the 14th that Russian President Vladimir Putin will soon visit China, and related preparations are complete.
When asked whether the date of Putin's visit to China had been confirmed, Peskov responded, "We will announce the specific date soon. The visit is currently being prepared. It can be said that all preparatory work, including the final stages, has been completed. The visit will take place soon." (Global Times)
07:30
1. Developer protection clause becomes the final obstacle to the CLARITY Act;
2. Coinbase CEO: Today’s vote on the Clarity Act is a major opportunity to move the US financial system forward;
3. Iranian media: Since Wednesday evening, approximately 30 ships have crossed the Strait of Hormuz under Tehran’s permission;
4. Bessent: There may be one to two months of "hot" inflation data in the future;
5. Jefferies: The Samsung strike could affect about 3% of global memory chip production;
6. An address that purchased ETH for $120 in 2015 is now worth $900,000, a return of over 7,500 times in 10 years;
7. Machi Big Brother's long positions in BTC and ETH are floating a loss of approximately $540,000;
8. Whales are hoarding HYPE, depositing $7.26 million USDC into Hyperliquid and placing limit buy orders for HYPE;
9. Fintech company Stitch completes $25 million Series A funding round, led by a16z;
10. South Korea's National Pension Service increases its Strategy stock holdings to $147.5 million, with total holdings exceeding 820,000 shares;
11. Ministry of Commerce: China is willing to work with the US to continue lengthening the list of cooperation projects.
07:28
Svmuu News: Emerging market stocks rose for a third consecutive trading day this week, with tech companies continuing their strong upward momentum, supported by optimism over rising demand for AI-related hardware and services. The benchmark MSCI Emerging Markets Index rose 0.7%, bringing its cumulative gains this month to over 7%. Notably, TSMC, Alibaba, and Samsung Electronics collectively accounted for 105% of the index's gains. This means that without the pull from these three stocks, the index would actually be in negative territory overall. Chipmakers have been leading the market rally since early April, with upward earnings revisions largely offsetting inflation concerns stemming from the Iran conflict. Although the information technology sector rose 1.4% on Thursday, sectors such as utilities, energy, and industrials declined, highlighting a clear divergence between Asian tech stocks and other emerging market industries. (Jinshi Data)
07:26
Svmuureports that crypto trading platform Bullish (NYSE: BLSH) released its Q1 2026 earnings, with adjusted revenue of $92.8 million, below the FactSet analyst consensus of $94.9 million. Adjusted EBITDA was $35.1 million, also missing market expectations of $38 million.
Bullish reported a net loss of $604.9 million for the first quarter, or a loss of $3.85 per share, compared to a net loss of $348.6 million in the same period last year. Revenue related to trading decreased year-over-year, impacted by weaker digital asset prices and lower trading activity.
As of pre-market trading on May 14, Bullish shares fell 7.9% to $38.51. Coinbase and Robinhood also previously reported Q1 results that fell short of expectations, with Robinhood's crypto revenue declining 47% year-over-year to $134 million.
Additionally, Bullish previously announced an agreement to acquire Equiniti, a share registry and shareholder services company, for $4.2 billion to expand its tokenized securities business. (CoinDesk)
07:19
Svmuu News: According to a report by Crypto In America journalist Eleanor Terrett, bipartisan negotiations on the CLARITY Act in the U.S. Senate concluded last night without reaching an agreement. Senator Cynthia Lummis stated that lawmakers have agreed on 99% of the bill's content, but disputes remain unresolved over non-custodial developer BRCA protection clauses and ethics provisions related to the First Family, with the Banking Committee markup scheduled for tomorrow. Coin Center has drawn a red line, warning it will not support a watered-down BRCA proposal, calling this vote a "defining moment" for developer rights. As of now, the markup is expected to proceed along party lines, with the Democratic Party maintaining its opposition stance. (Bitcoin News)
07:12
Svmuu reports that Solana's daily perpetual futures trading volume has reached a 31-week high of $3.45 billion, equivalent to 56% of Hyperliquid's daily volume of $6.1 billion. (SolanaFloor)

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