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5/30

11:16

DxSale Confirms BSC Atomic Transaction Vulnerability Affects v1 Lockups

Svmuu reported that DxSale.Network posted on X platform in response to a recent security incident, disclosing that the vulnerability originated from the newly launched atomic transaction feature on BNB Smart Chain (BSC), which affected the v1 lockup contract launched in 2021. The team has identified the source of the issue and stated that lockup contracts for v2 and above are completely secure and have been audited by Certik. Users can rest assured that assets locked in v2 and above are unaffected.

11:02

a16z crypto: Prediction Markets Still Need to Overcome Manipulation Risk and Information Bias Challenges

Svmuu News a16z Crypto published an article analyzing the unique value and challenges faced by prediction markets. Prediction markets allow participants to trade on event outcomes, aggregating dispersed information through price signals to provide real-time probability estimates for future events. Unlike traditional polls, prediction markets offer real-time update capabilities and incentivize participants to stake capital on their information, thereby improving prediction accuracy.
The article points out that prediction markets are not only used by enterprises for product launches and research experiment forecasts, but also serve as "wisdom of the crowd" information sources for media outlets, covering events ranging from geopolitics to AI model performance. Their core advantage lies in providing independent probability estimates for specific events, rather than relying on indirect signals from overall asset price movements.
However, prediction markets still face infrastructure and market design challenges, including event verification, contract settlement, the sufficiency of participant information, and potential manipulation risks. a16z believes that if these issues are resolved, prediction markets could become important tools for decision-making and information aggregation, expanding the ability of finance and society to gain insights into future events.

11:00

“New Stock God” Serenity is Bullish on the Glass Substrate Sector, Expecting Over 67% Compound Annual Growth for the Industry

Svmuu “New Stock God” Serenity posted on platform X, stating that the Glass Core Substrates market is expected to achieve a compound annual growth rate (CAGR) of 67.2% starting from 2028, an astonishing growth rate. However, the actual volume ramp-up for this industry may occur earlier than forecasted, with an expected start in the second half of 2026 and an accelerated climb phase in the first half of 2027, rather than waiting until 2028.
Serenity pointed out that despite differing views on the timeline, the overall industry trend remains "directionally correct and very strong" for glass substrate industry chain companies such as LPKF Laser & Electronics and SKC’s Absolics. He also reiterated that co-packaged optics (CPO) remains one of the technological trends with the greatest exponential growth potential currently. However, he emphasized that investors should appropriately allocate to multiple high-growth tracks to capture a more comprehensive share of the technology cycle dividends.

10:38

Yongping Duan Revaluates Pop Mart: From "Ignoring What He Doesn't Understand" to Becoming the Second Largest Shareholder, Calling Wang Ning the Next Steve Jobs

Svmuu reports that Pop Mart previously disclosed a major change in shareholder interests. Renowned investor Yongping Duan, along with H&H International Investment, LLC, simultaneously increased their holdings in the company, becoming the second largest shareholder and triggering mandatory disclosure requirements. The most straightforward interpretation of Duan buying into Pop Mart is as a bet on Labubu. However, judging by his recent public statements, what he truly values appears to be Wang Ning and the team's IP operation capabilities.
When a netizen asked Duan on an investor community platform for his assessment of Wang Ning, Duan responded that Wang Ning's understanding and pursuit of his own products are "on the same level" as Jobs (Steve Jobs), at least for the future; and that Wang Ning's understanding of business "might even be slightly stronger than Jobs'."
Data from Pop Mart's official WeChat account shows that during the reporting period, LABUBU joined the "10 billion club," while six other major IPs surpassed 2 billion yuan in revenue. At the same time, leading IPs such as SKULLPANDA, CRYBABY, MOLLY, and DIMOO are also scaling up simultaneously, forming a well-structured, tiered system. Pop Mart's growth continued into the first quarter of 2026. According to the Q1 performance summary, the company's revenue increased by 75%-80% year-on-year during the period. By region, revenue in the Chinese market grew 100%-105% year-on-year; among this, offline channels grew 75%-80%, while online channels grew 150%-155%. (ifeng)

10:27

BNB breaks through 680 USDT, with 24H gain of 7.9%

Svmuu reports that market data shows BNB has broken through 680 USDT and is currently trading at 681.7 USDT, with a 24-hour gain of 7.9%.

10:10

Swedish prosecutors suspect information leak led to premature exposure of Sivers (SIVE) dual-listing rumors, causing stock price volatility; investigation launched

Svmuu News: Jonas Myrdal, a prosecutor at the Swedish Economic Crime Authority, stated that regarding a post on social platform X about Sivers Semiconductors (SIVE) considering a dual listing in the US leaking out early and being officially confirmed by the company approximately 48 hours later, he believes this is not a coincidence but highly likely involves an information leak.
Jonas Myrdal pointed out that the relevant information was published and continuously promoted on platform X by an anonymous account with approximately 200,000 followers before its official disclosure. This subsequently triggered a sharp, several-fold increase in the company's stock price within a short period. This behavior pattern is similar to a previous case involving "pump-and-dump" manipulation, in which three individuals were convicted of serious market manipulation offenses. He further recommended that Nasdaq should investigate this incident and assess whether it violates the EU Market Abuse Regulation (MAR). Currently, the source of the suspected information leak is still under investigation.
Previously, "New Stock God" Serenity posted on platform X seemingly "touting" Sivers, and stated that after further reviewing Sivers Semiconductors' latest earnings conference call, they are optimistic about its prospects. The company's management indicated that "in a super-cycle where demand far exceeds supply, viewing ecosystem partners as competitors is not the correct approach," reflecting the current strong demand in the photonics industry. Additionally, the photonics business pipeline has grown rapidly over the past five months, driving an overall revenue pipeline increase of 77%. (Marketscreener)

10:09

Another upset: Polymarket user loses $157.5K betting on BLG victory

Svmuu News: According to on-chain analyst Ai Yi’s monitoring, the Polymarket account TrevorPlovdivBulgariaForHisBirthday predicted a BLG victory in tonight’s LoL match between BLG and WE, incurring a cumulative loss of $157,500. Before the match, BLG’s win probability was as high as 95.5%, but the match ultimately ended in a 1:3 defeat, turning this user's originally anticipated profitable venture into a significant loss.

09:56

Billionaire Dan Loeb Dismisses AI Bubble Theory: AI Is Just Getting Started, Massive Capital Expenditure Will Pay Off

Svmuu News: Billionaire investor and founder of hedge fund Third Point, Dan Loeb, stated in a podcast that current market concerns over an AI "bubble" are greatly exaggerated, and the development phase of the AI industry is completely different from the dot-com bubble era.
Loeb pointed out that the combined capital expenditures of tech giants including Alphabet, Microsoft, Amazon, and Meta have already exceeded $700 billion this year, and could reach $1 trillion next year, with the vast majority allocated to AI infrastructure construction. He indicated that not believing these capital expenditures can yield returns is equivalent to believing these companies are "burning cash for nothing," but currently these companies have strong profitability and ample cash flow, allowing them to rely on their own balance sheets to support investments.
Loeb emphasized that this is different from the dot-com bubble period when "valuations were detached from fundamentals," and does not constitute a traditional valuation bubble. He also noted that AI companies like Anthropic are experiencing rapid revenue growth and accelerating product deployment, indicating the industry is still in its early expansion phase.
According to reports, Anthropic's latest funding round valuation has approached nearly $965 billion, with annualized revenue surging from $14 billion to $47 billion, further strengthening market confidence in the commercialization potential of AI.
However, some investors in the market, including Michael Burry, have expressed concerns about AI valuations overheating, believing that massive investments may struggle to generate corresponding returns. Loeb stated, "We haven't even scratched the surface of AI development," and believes it remains in the early stages of long-term growth. (BusinessInsider)

09:38

Challenger Garret Jin's counterparty account Evaded's long positions on Oracle and Microsoft have now gained $897,000 in unrealized profit.

Svmuu reports that, according to on-chain analyst Ai Yi's monitoring, after challenger Garret Jin's counterparty account Evaded closed its short positions on ETH and BTC yesterday afternoon, securing a profit of $1.808 million, it subsequently opened 10x leveraged long positions on MSFT
(Microsoft) and ORCL (Oracle). These have become its largest positions on Hyperliquid, with unrealized profits now reaching $897,000.

09:34

Base status update system has been malfunctioning for over 30 hours, causing withdrawal delays

Svmuu reported that L2BEAT research lead donnoh.eth posted on X, stating that the Base network's state update system has been down for over 30 hours due to a bug related to a recent upgrade. However, since the on-chain withdrawal cycle is set to approximately 7 days, this issue has not been immediately noticeable to users.
This malfunction involves an anomaly in the state update layer but did not immediately impact users' withdrawal experience, which is why the problem went largely unnoticed for a period of time. The issue has now sparked discussion within the community, focusing on its impact on on-chain data synchronization and operational monitoring mechanisms.

09:20

Grayscale: Hyperliquid Could Evolve into an On-Chain Financial Infrastructure Giant, Challenging the Traditional Derivatives Market

Svmuu reports that digital asset management firm Grayscale stated in its latest report that the decentralized trading platform Hyperliquid is rapidly evolving from a crypto perpetual contract exchange into a blockchain-based financial infrastructure platform. In the future, it may even challenge the traditional derivatives trading and exchange systems, growing into a "financial services giant."
The report shows that Hyperliquid generated approximately $800 million in revenue in 2025, with a full-year perpetual contract trading volume of about $2.9 trillion and open interest of roughly $7 billion, capturing a significant share of the crypto derivatives market. Grayscale believes the platform is no longer limited to crypto trading. Through the HIP-3 and HIP-4 systems, it is expanding into tokenized stocks, commodities, and prediction markets, gradually building a 24/7 on-chain trading infrastructure.
In another report, FalconX also pointed out that Hyperliquid is competing with traditional derivatives exchanges like the CME Group, as well as prediction market platforms such as Kalshi and Polymarket, and is making progress in new markets like Pre-IPO.
The report also emphasized that regulation remains a key variable. Although Hyperliquid currently restricts access for US users, as the regulatory framework gradually clarifies and institutions like Coinbase, Robinhood, and Kraken explore perpetual contract products, this sector may see broader growth potential in the future. (CoinDesk)

09:09

HYPE breaks above 68 USDT, setting a new all-time high, with a 24H increase of 9.78%

According to OKX market data, HYPE broke through 68 USDT to reach a new all-time high, now trading at 68.082 USDT, with a 24H increase of 9.78%.

09:01

A whale's 5x leveraged HYPE long position now shows an unrealized profit of $40.69 million

Svmuu reports, according to Onchain Lens monitoring, as the HYPE price once rose higher, a whale "0x082"'s 5x leveraged HYPE long position has now generated an unrealized profit of $40.69 million. The whale currently still holds 1.38 million HYPE, worth $94 million.

08:15

Iranian Parliament to Approve "Sovereign Jurisdiction" Plan for the Strait of Hormuz

Svmuureports: Saleemi, a member of the Iranian Parliament's Presidium, stated that Iran's plan to "exercise sovereign jurisdiction" over the Strait of Hormuz is set to be approved by the parliament and is expected to be passed as a permanent law. According to Iran's Student News Agency, Saleemi said that only Iran and Oman have the right to make decisions regarding the management of the Strait of Hormuz. Iran has initiated communication with Oman, which has expressed preliminary consent, and the relevant plan is expected to be finalized soon. (Xinhua News Agency)

07:55

Blockaid: Alephium Ethereum Cross-Chain Bridge Attacked, Approximately $815,000 in Assets Stolen

Svmuu reported that Blockaid disclosed on the X platform that the Alephium TokenBridge Ethereum cross-chain bridge has been attacked. The attacker gained control of 3 out of 4 Guardian keys, forged a VAA (Verified Action Approval), and completed the attack in approximately 7 minutes, stealing a total of about $815,000 in assets.
During the attack, the attacker minted 13.76 million Wrapped ALPH out of thin air, exceeding 100% of the circulating supply before the attack. At the same time, they unlocked and transferred out assets such as USDT, USDC, WBTC, and WETH from the custody pool. Currently, the attacker's address still holds approximately $815,000 in stolen assets along with 13.76 million unbacked Wrapped ALPH. The largest anomalous transaction was the minting of 13.76 million Wrapped ALPH from nothing.

07:42

OpenAI has held discussions with Citigroup and JPMorgan regarding participation in its IPO matters

Svmuu reported that according to sources, OpenAI has held discussions with Citigroup, JPMorgan, and others about their participation in its upcoming IPO. Sources said that Citigroup and JPMorgan may join Goldman Sachs and Morgan Stanley in preparing for the listing. People familiar with the matter noted that the discussions with Citigroup and JPMorgan do not necessarily mean they will ultimately participate in this IPO. Other investment banks may also eventually get involved. (Jinshi)

07:31

Svmuu Evening Brief

1. The U.S. military states that the naval blockade against Iranian ports remains in effect;
2. Kyle Samani criticizes Hyperliquid: Its design architecture is only suitable for centralized environments, and no U.S. companies will cooperate with them;
3. Robinhood has joined the "Trump Account" investment program, positioning itself for the next generation of crypto and stock investment gateways;
4. U.S. Defense Secretary: Trump is very patient with U.S.-Iran negotiations, and any deal reached would be worthwhile;
5. Polymarket releases this week’s update: The World Cup page is now live and feature testing has begun;
6. Opinion: The Bitcoin treasury corporate sector is full of numerous "hype companies";
7. Loracle slightly reduces short positions in HYPE, VVV, and LIT, with overall position now showing an unrealized loss of approximately $34.54 million;
8. Military advisor to Iran's Supreme Leader: The U.S. is betraying diplomacy for the third time;
9. Kalshi launches the U.S. Power Index (KPOW) to track shifts in the power structure between the two U.S. political parties;
10. Zama founder: The cUSDC freeze incident stemmed from hacked Overnight funds; operations of cUSDC and other contracts have been suspended.

07:07

US military says maritime blockade against Iranian ports is still in effect

According to Svmuu, the U.S. Naval Forces Central Command's Shipping Guidance and Liaison Organization (NCAGS) issued a shipping advisory on the 30th, stating that the maritime blockade measures against Iranian ports are still being implemented, with relevant restrictions covering parts of the Persian Gulf, the Strait of Hormuz, the Gulf of Oman, and the northern Arabian Sea. On the same day, the Joint Maritime Information Center (JMIC) also released its latest shipping safety bulletin, indicating that the maritime security threat level in the above-mentioned waters remains at a "severe" level, and reminding shipowners, operators, and crew to closely monitor changes in the regional security situation. (CCTV News)

06:50

The nation's first full-stack green computing AI platform has officially launched

Svmuureported that China's first full-stack AI platform for green computing power has officially launched, filling the gap in regional integrated services for computing power, models, and token trading. Currently, the construction of a national integrated computing power network is accelerating, the artificial intelligence industry is booming, and the demand for token calls continues to grow. This newly launched green computing power full-stack AI platform integrates core one-stop functions such as computing power scheduling and trading, intelligent model invocation, and token trading and settlement. It establishes a full-chain AI service system of "computing power output — model invocation — application deployment — token settlement," capable of comprehensively serving governments at all levels, research institutions, and various market entities. (CCTV News)

06:48

Zama founder: cUSDC freeze incident triggered by Overnight hack funds, cUSDC and other contracts suspended

Svmuufounder Rand posted on platform X, stating that with the assistance of on-chain detective ZachXBT, the team has identified the root cause of the recent cUSDC freeze incident, which is unrelated to the Zama protocol itself or privacy technology. The incident originated when a wallet address associated with the Overnight Finance hack deposited over $12.5 million USDC into Zama's cUSDC wrapper contract. Since the address was not on any sanctions list at the time of deposit and was not flagged by KYT (Know Your Transaction) tools, the funds were able to enter the protocol.
Rand stated that law enforcement agencies recently issued asset restriction orders against several wallets linked to the hacker. At that time, the cUSDC wrapper contract held relatively small funds, with over 99% coming from the aforementioned hacker address. Consequently, the court ordered the freezing of the entire wrapper contract to restrict the movement of the related funds. Rand emphasized that this measure is not a sanction against Zama or privacy protocols, but a common judicial freezing measure in the DeFi space.
To cooperate with the investigation, Zama has suspended the operation of the cUSDC, cUSDT, and cWETH contracts until the investigation is complete, all involved addresses are identified, and corresponding measures are taken. Rand reiterated that Zama adheres to the principle of "compliant confidentiality" and will not tolerate any illegal activities. He also indicated that a more detailed post-mortem of the incident and a plan for handling similar requests in the future will be released subsequently.

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