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5/21

23:19

Zhipu has released the GLM-5.1 High-Speed Edition API, with an output speed of up to 400 tokens per second

Svmuu News: Zhipu AI has launched the GLM-5.1 High-Speed API for select enterprise customers, achieving a model output speed of 400 tokens/s, setting a new global record for end-to-end speed across official large model interfaces.
It is understood that this high-speed version retains the capabilities of the original flagship model while being driven by a high-performance inference engine jointly developed by the Zhipu AI and TileRT teams. By restructuring the GPU runtime scheduling mechanism, the engine statically organizes the model into a persistent Engine Kernel resident on the GPU, reducing kernel launch and memory read/write latency associated with traditional inference.
In multi-GPU scenarios, TileRT further specializes GPU nodes within an 8-card NVL topology into different functional workers to enhance attention layer computation and inter-card communication efficiency.
Currently, this high-speed service has been made available to select enterprise customers on Zhipu AI's MaaS platform. Going forward, the optimization will continue with FP8 inference and ultra-long context capabilities, providing support for low-latency scenarios such as AI programming, real-time interaction, and real-time voice.

22:51

Robinhood lists AERO, QNT, and ZRO

Svmuu reports that Robinhood has listed AERO, QNT, and ZRO.

22:39

Web3 fintech startup Jia completes $3 million seed funding round, with participation from Coinbase Ventures and others

Svmuu News: Web3 fintech startup Jia announced the completion of a $3 million seed funding round, with participation from Coinbase Ventures, Stellar Development Foundation, A100x Ventures, TCG, and Hashed Emergent.
To date, Jia's total cumulative funding has reached $7.3 million. Jia currently operates multiple decentralized lending pools and introduces liquidity through networks including Base, Stellar, Arbitrum, and Polygon, while utilizing stablecoins for cross-border settlements to reduce remittance costs and settlement times.
The new funds will be used to expand features such as corporate bank accounts and cash flow management.

22:30

National Development and Reform Commission: Never Required Chinese Tech Companies to Reject Foreign Investment

SvmuuNews: The National Development and Reform Commission (NDRC) held a press conference on May 22. Li Chao, Deputy Director of the NDRC's Policy Research Office, stated that opening up is a fundamental national policy of China. China supports tech companies in integrating into the global innovation network and engaging in mutually beneficial international cooperation, and has never required Chinese tech companies to reject foreign investment.
He also emphasized that foreign investment must comply with Chinese laws and regulations and must not harm China's national security and interests. China will continue to implement the Foreign Investment Law and its implementing regulations, further optimize the market-oriented, law-based, and internationalized business environment, and strengthen risk prevention and control. (Securities Times)

22:23

South Korea Plans to Inject Semiconductor Windfall Taxes into Sovereign Wealth Fund, Expanding Seed Capital to Nearly $20 Billion

Svmuu reported that the South Korean government plans to inject some of the excess tax revenue from the semiconductor industry boom in cash into a new sovereign wealth fund set to launch in the second half of this year. The fund originally planned to raise 20 trillion won through in-kind contributions, such as government-held shares in state-owned enterprises, but has now decided to add several trillion won in cash, expanding its seed capital to nearly 30 trillion won (approximately $20 billion).
The fund is a growth-oriented fund aimed at making medium to long-term investments in promising companies at the growth stage within South Korea's strategic industries. The relevant establishment bill is expected to be submitted to the National Assembly in June, with the funds included in the 2027 budget proposal.

22:13

The crypto market is trading in a narrow range, with the RWA sector gaining over 2%

According to SoSoValue data, the cryptocurrency market is experiencing a narrow range consolidation. Bitcoin (BTC) fell 0.38%, remaining near $78,000 for several consecutive days; Ethereum (ETH) dropped 0.41%, consolidating above $2,100. The RWA sector performed prominently, rising 2.12% in 24 hours. Within this sector, Centrifuge (CFG) increased by 6.98%, Plume (PLUME) surged 16.85%, and Ondo Finance (ONDO) rose 3.24%.
Looking at other sectors, the Layer 2 sector rose 0.76%, with Celestia (TIA) up 4.45%; the DeFi sector gained 0.71%, with Hyperliquid (HYPE) increasing 2.07% and breaking through $62 during the session to reach a new all-time high; the Layer 1 sector rose 0.71%, with NEAR Protocol (NEAR) surging 17.83%; the CeFi sector increased 0.65%, with FTX (FTT) up 1.16%; the Meme sector rose 0.42%, with SPX6900 (SPX) gaining 2.86%; the PayFi sector fell 0.88%, while Safe (SAFE) rose 11.85%.
The crypto sector indices, which reflect historical sector performance, show that the ssiCeFi, ssiLayer2, and ssiLayer1 indices rose by 0.77%, 0.64%, and 0.51%, respectively.

The crypto market is trading in a narrow range, with the RWA sector gaining over 2%

22:08

Petition to Abolish Korea’s 22% Crypto Tax Reaches 50,000 Signature Threshold, to Be Submitted to National Assembly Committee for Review

Svmuu reported that a petition in South Korea calling for the abolition of the 22% tax on cryptocurrency investment gains has reached the 50,000 signature threshold, and will subsequently be submitted to the National Assembly's Finance and Economy Planning Committee for review.
The tax rate was originally scheduled to take effect in January 2027. The petitioners argue that the tax system would increase the financial and reporting burden on investors and limit opportunities for young people, who have been excluded from the real estate market due to rising home prices, to build wealth.
The petitioners also stated that imposing a 22% tax rate on crypto asset gains, while other asset classes enjoy more favorable tax treatment, could weaken South Korea's competitiveness in the global crypto market and lead to an outflow of capital and talent.
Data shows that approximately 32% of the South Korean population currently holds cryptocurrency, but the local market size is contracting. The total value of crypto assets held by South Korean residents has dropped from approximately 121.8 trillion won in January 2025 to about 60.6 trillion won in February 2026, and the daily trading volume on the five major exchanges has also fallen from $11.6 billion in December 2024 to $3 billion in February this year.

22:05

Bankr: Expects to Restore Full Functionality by Next Week, Trading Features Remain Suspended

Svmuu reported that Bankr posted on platform X, stating that the team is currently working with external partners such as zeroShadow to continue the investigation and restoration efforts. It is expected that full functionality will be restored by next week after completing additional security reviews and monitoring measures.
Bankr stated that in the short term, it may gradually restore token issuance and some "read-only" features, allowing users to view account information such as balances. However, wallet transaction functions, including swap and transfer, will remain suspended during the review period.
Previously, Bankr disclosed that an attacker had gained access to 14 Bankr wallets. The platform subsequently suspended related functions and promised full compensation for user losses.

22:02

Bitget will support the split of preSPAX tokens at a ratio of 1:5

Svmuu reported that, according to an official announcement, Bitget will support the split of preSPAX tokens. The split ratio is 1:5, meaning every 1 original preSPAX token will be split into 5 new tokens. For more details, please pay attention to the platform's subsequent announcements.

21:58

Bithumb will list OPG Korean Won pair

Svmuu reported that according to the official announcement, Bithumb will list the OPG/KRW trading pair.

21:42

F2Pool co-founder Chun Wang to participate in SpaceX's first Starship interplanetary crewed mission, planning to fly by Mars and return to Earth

Svmuu News: SpaceX announced that Fram2 mission commander and F2Pool co-founder Chun Wang will participate in Starship's first interplanetary crewed flight mission. The mission plans a two-year deep-space flight, exiting the Earth-Moon system, flying by Mars, and returning to Earth.
Prior to this, Wang will also join Dennis Tito and Akiko Tito for Starship's first commercial crewed lunar flyby mission. This mission is expected to last about one week and will fly within approximately 200 kilometers of the lunar surface.
SpaceX stated that since May 2020, the Dragon spacecraft has completed 20 missions, sending 78 astronauts from 20 countries into space. In the future, Starship will further expand commercial crewed spaceflight to lunar and Mars missions.

21:31

Polychain-related addresses unstaked and redeemed 122 million EIGEN, accounting for 16.5% of circulating supply

According to monitoring by on-chain analyst Yujin @EmberCN, approximately 7 hours ago, a batch of addresses suspected to be related to Polychain unstaked and redeemed 122 million EIGEN from the EigenCloud (formerly EigenLayer) staking contract, valued at approximately $23.88 million. This represents 16.5% of EIGEN's current circulating supply.
Currently, the relevant EIGEN remains in these addresses and has not been further transferred. Yujin stated that these tokens originated from investment allocations in 2024, with Polychain being one of the early lead investors in EigenCloud.

21:31

Trump Media deposits 2,650 BTC into Crypto.com, bringing its holdings to 6,889 BTC worth $533 million

Svmuu reports that according to Onchain Lens monitoring, Trump Media deposited 2,650 BTC, worth $204.93 million, into Crypto.com. It currently holds 6,889 BTC, valued at $532.78 million.

21:30

Svmuu Morning Brief

1. CryptoQuant Founder: The real Bitcoin bull market hasn’t started yet;
2. Polymarket to launch “Taker Fee Rebate Program” next week, offering up to 50% rebate on taker fees;
3. US lawmaker proposes “Bitcoin Reserve Modernization Act,” aiming to include Bitcoin in strategic reserves for at least 20 years;
4. CFTC signs Memorandum of Understanding with NHL to strengthen prediction market oversight;
5. JPMorgan: Tokenized money market funds unlikely to exceed 15% of stablecoin market size;
6. SEC Commissioner: Exemptions for tokenized stocks may only apply to on-chain equity products;
7. a16z Crypto: Blockchain will become the “cloud transformation” of finance, driving Wall Street toward a composable digital asset system;
8. Exodus has resumed accumulating BTC, ETH, and SOL, with nearly $350 million in transaction volume processed in April;
9. Kraken parent company Payward receives initial approval from Dubai’s VARA to conduct crypto business;
10. AllianceDAO co-founder: ZEC could become a hedge asset for BTC, with aggressive expectations reaching 20% of BTC’s market cap;
11. Blockchain.com has confidentially filed for US IPO;
12. Hardware wallet maker Foundation raises $6.4 million in funding, led by Fulgur Ventures.

21:26

German Bundestag Rejects Proposal to Increase Crypto Tax

Svmuu reported that the Finance Committee of the German Bundestag has rejected a cryptocurrency tax reform proposal put forward by the Green Party.
The proposal originally aimed to abolish the policy that exempts capital gains tax on cryptocurrencies sold after being held for more than one year. Under current German law, individuals are exempt from capital gains tax when selling crypto assets held for over a year.
The Green Party argued that crypto assets should be subject to the same tax rules as other investment assets. However, opponents pointed out that the proposal could result in a higher tax burden for crypto investors compared to ordinary stock investors. The Green Party estimated that scrapping the relevant tax exemption could generate an additional approximately €11.4 billion in tax revenue annually for Germany. (Cryptopolitan)

21:24

Galaxy and BitGo Face Off in Court Over Failed Merger; BitGo Seeks at Least $100 Million

Svmuu reported that Galaxy Digital founder Michael Novogratz and BitGo CEO Mike Belshe are currently litigating over the failed $1.2 billion merger deal from four years ago.
According to reports, the transaction was originally intended to take the combined company public on Nasdaq, but was later terminated due to adjustments in SEC accounting guidance and market liquidity crises triggered by the Terra/Luna collapse.
BitGo is demanding that Galaxy pay at least $100 million in termination fees, and accuses Galaxy of failing to take reasonable steps to advance the transaction while concealing details of an investigation by U.S. regulators. In response, Novogratz stated that Galaxy was not the subject of the investigation, and argued that BitGo has lost its eligibility to claim the termination fee for failing to submit required financial statements on time. (Bloomberg)

21:09

Polymarket will launch the "Taker Fee Rebate Program" next week, offering up to a 50% taker fee rebate

Svmuu reported that Polymarket official Mustafa stated on X that the "Taker Fee Rebate Program" will be launched next week, with direct taker users eligible for up to a 50% fee rebate.
According to data disclosed by Mustafa, to qualify for the taker fee rebate, users must have a weighted trading volume exceeding $2,000 over the past 30 days. To reach the highest tier (50%) of the taker fee rebate, the weighted trading volume over the past 30 days must exceed $10 million.

Polymarket will launch the "Taker Fee Rebate Program" next week, offering up to a 50% taker fee rebate

21:07

Whale adds $38.5M long position on ETH, floating profit exceeds $7.6M

Svmuu reports, according to Onchain Lens monitoring, trader Evaded (@ICanPlug) has increased his 25x leveraged ETH long position to 18,100 ETH, with a position value of approximately $38.5 million.
Additionally, he still holds 10x leveraged long positions on ZEC and HYPE, with the floating profit from these positions currently exceeding $7.6 million.

21:06

WSJ: Iranian regime-linked funds have moved over 850 million US dollars through Binance in the past two years

Svmuu reported that amid the escalating risk of conflict between Iran and the United States, financing networks linked to the Iranian regime have used Binance to establish a secret payment system to continuously funnel funds to military forces.
According to the report, the network is operated by Iranian businessman Babak Zanjani, who describes himself as an "anti-sanctions" manipulator. Internal compliance reports from Binance show that as of last December, the network had conducted approximately 850 million US dollars in transactions through Binance over the past two years, with most of the transactions concentrated in a single account. (WSJ)

21:05

US lawmaker introduces the "American Reserve Modernization Act," proposing to include Bitcoin in a strategic reserve for at least 20 years

Svmuu news – U.S. Representative Nick Begich has introduced the "American Reserve Modernization Act," which has garnered support from 16 original co-sponsors.
The bill proposes establishing a strategic Bitcoin reserve, consolidating digital assets held by the federal government, and locking Bitcoin as a long-term reserve asset for at least 20 years. It also calls for studying budget-neutral Bitcoin purchase strategies and preventing future administrations or Congress from liquidating the reserves in question.
Reports indicate that Trump had previously established a strategic Bitcoin reserve through an executive order, and this bill aims to formalize those arrangements into law. (Bitcoin News)

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