gains

As market risk appetite rebounds, altcoins have recently outperformed Bitcoin overall, with the Hyperliquid ecosystem token HYPE leading the 24-hour gains. Data shows that funds are shifting from Bitcoin and Ethereum to high-volatility assets, driving up certain DeFi and trading platform-related tokens. Analysts point out that improved risk sentiment among traders and active derivatives markets are important reasons for the recent outperformance of altcoins against BTC.

According to Fortune, OpenAI is considering legal action against Apple due to dissatisfaction with the use and commercialization of ChatGPT after its integration into Siri. They believe that the collaboration has not effectively driven user conversion to ChatGPT's paid subscription, which may involve a breach of contractual expectations.Reports indicate that the two parties initially reached an agreement about two years ago, with Apple enhancing Siri's ability to handle complex questions by integrating ChatGPT, while OpenAI expanded user reach through Apple's ecosystem. However, OpenAI has expressed "disappointment" with the current presentation and traffic-driving effect of ChatGPT within Siri.It is reported that OpenAI's legal team has collaborated with external law firms to evaluate various response options, including potential litigation. Meanwhile, the relationship has become strained, and Apple is exploring further collaboration possibilities with OpenAI's competitors.Analysts believe that the core of the dispute lies in the commercial ownership and traffic distribution issues after AI capabilities are embedded in the platform, specifically whether "functionality is embedded but does not lead to subscription conversion" constitutes a substantial breach of commercial terms. Currently, neither party has publicly responded to the litigation matters.

According to Gate market data, the euro against the US dollar (EUR/USD) fell to 1.1652, reaching its lowest level since April 9.

According to Gate market data, the Dow Jones index has increased by 1%.

According to Jinshi News, the USD/JPY briefly plunged over 70 points, reaching a low of 157.57, and has now rebounded to 157.81.

Coinbase has announced that it has become the official treasury deployer of USDC on Hyperliquid, using it as an aligned quote asset. As part of the transition, Native Markets has reached an agreement granting Coinbase the right to purchase USDH branded assets. The USDH market will gradually close, 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 year-on-year increase of 2 times. This integration aims to strengthen USDC's position as the preferred stablecoin in on-chain capital markets, further unify global markets, and enhance capital efficiency.

According to Jinshi reports, the USD/JPY exchange rate briefly fell nearly 40 points to 157.74, currently reported at 157.98.

According to Jinshi reports, the USD/JPY exchange rate briefly fell nearly 100 points, reaching a low of 156.75, and is currently reported at 157.06.

According to Jinshi reports, the dollar index, which measures the dollar against six major currencies, rose by 0.06% on May 12, closing at 97.955 in the foreign exchange market. As of the close of the New York foreign exchange market, 1 euro was exchanged for 1.1775 dollars, down from 1.1778 dollars the previous trading day; 1 pound was exchanged for 1.3629 dollars, up from 1.3622 dollars the previous trading day; 1 dollar was exchanged for 157.21 yen, up from 156.71 yen the previous trading day; 1 dollar was exchanged for 0.7782 Swiss francs, up from 0.7766 Swiss francs the previous trading day; 1 dollar was exchanged for 1.3673 Canadian dollars, down from 1.3681 Canadian dollars the previous trading day; 1 dollar was exchanged for 9.2235 Swedish kronor, down from 9.2323 Swedish kronor the previous trading day.

Australia is considering significant reforms to its Capital Gains Tax (CGT) system, planning to replace the current 50% tax discount policy for long-term held assets with an "inflation-indexed" mechanism, covering investment categories such as cryptocurrencies and stocks. The current system allows individuals to be taxed only on 50% of the capital gains if they hold the asset for more than a year, a policy that has been in place since 1999.If the reform is implemented, investors will calculate their gains based on inflation-adjusted cost bases, which may lead to an increase in actual tax burdens during periods of rapid asset price increases. According to the proposal's logic, the new mechanism will only tax "real gains" (the portion after excluding the effects of inflation), but in a low-inflation environment, the indexed deduction may be lower than the current 50% discount, resulting in increased tax burdens for most investors. The impact on cryptocurrency investors is particularly pronounced.The current "hold to reduce tax" mechanism reinforces long-term holding (HODL) strategies, while the new proposal will weaken the advantage of time holding, significantly increasing the tax burden on unrealized gains during periods of high appreciation. The proposal is still in the discussion stage and is expected to face strong opposition from investor groups and the financial industry, with the focus of the controversy centered on the balance between capital formation efficiency and tax system fairness.

According to SoSoValue data, as of 8 AM Eastern Time on May 11, 2026, the total net purchase of Bitcoin by publicly listed companies worldwide (excluding mining companies) for the week was $45.08 million, a decrease of 83.5% compared to two weeks ago.Strategy (formerly MicroStrategy) announced an investment of $43 million (a decrease of 83.1% compared to two weeks ago) to purchase 535 Bitcoins at a price of $80,340, bringing its total holdings to 818,869 Bitcoins.The Japanese listed company Metaplanet did not purchase any Bitcoin last week.In addition, four other companies purchased Bitcoin last week. Cryptocurrency exchange Coinbase announced on May 7 that it had increased its holdings by 1,103 Bitcoins, with the specific expenditure not disclosed, bringing its total holdings to 16,949 Bitcoins; fintech company Block announced on May 7 that it had increased its holdings by 149 Bitcoins, with the specific purchase amount not disclosed, bringing its total holdings to 9,032 Bitcoins; Bitcoin company American Bitcoin announced on May 6 that it had purchased approximately 1,600 Bitcoins, with the specific amount not disclosed, bringing its total holdings to approximately 7,021 Bitcoins; and the UK Bitcoin company The Smarter Web Company announced on May 5 that it had invested $2.08 million to purchase 27 Bitcoins at a price of $77,087, bringing its total holdings to 2,805 Bitcoins.Capital B announced the completion of a €15.2 million financing round, with participants including global institutional investors and strategic investors Adam Back and TOBAM, aimed at accelerating Bitcoin purchases.As of the time of publication, the total amount of Bitcoin held by the publicly listed companies included in the statistics (excluding mining companies) is 1,088,090 Bitcoins, an increase of 0.3% compared to two weeks ago, with a current market value of approximately $88.32 billion, accounting for 5.4% of Bitcoin's circulating market value.

SlowMist has issued a security warning stating that a high-risk phishing activity targeting TRON wallet users has been discovered. Attackers created a fake Chrome extension for the TronLink wallet, using Unicode bidirectional control characters and Cyrillic homographs to disguise the brand name. After installation, the extension loads a complete phishing page through a remote iframe, forming a "shell-core separation" credential theft chain.The malicious extension name uses homographs for disguise, and its Chrome Store page inherits the high user count and positive reviews of the real extension, lowering the review threshold. There is very little local code, only loading remote pages, making static analysis nearly impossible to detect malicious behavior. The remote phishing page perfectly replicates the official TronLink web wallet interface, stealing mnemonic phrases, private keys, Keystore files, and passwords, and relaying them in real-time via a Telegram Bot.Built-in anti-analysis features disable right-click, developer tools, drag-and-drop, and printing, and redirect based on the geographic and language settings of Russian users to evade detection. SlowMist recommends immediately uninstalling suspicious extensions, clearing local storage, checking for abnormal traffic, and if credentials have been entered, creating a new wallet and transferring assets immediately.

According to Cointelegraph, the Australian government plans to replace the 50% capital gains tax discount applicable to assets held for more than 12 months with an inflation-indexed taxation model. If the new regulations are implemented, it may increase the tax burden on long-term investments such as cryptocurrencies.The Australian Financial Review cited informed sources stating that this adjustment will be included in the budget for the fiscal year 2027, which the Albanese government will announce on Tuesday. The report noted that under the current rules, investors holding assets for more than 12 months can enjoy a 50% capital gains tax discount; the proposed plan will change this to taxing the full amount of real gains after deducting inflation. The new regulations are expected to take effect at the end of the fiscal year in July 2027, with a one-year transition period for assets purchased after May 10, 2026.

According to Jinshi reports, the US dollar against the Japanese yen (USD/JPY) has risen above 157, with an intraday increase of 0.2%.

According to on-chain analyst Onchain Lens (@OnchainLens), as the price of MU rises above $800, the long position of 3 times held by whale address 0x577 has currently realized profits exceeding $5 million.Meanwhile, this address also holds long positions in GOOGL and SKHX, with total profits exceeding $5.5 million.

According to BusinessWorld, the Central Bank of the Philippines has warned the public and cryptocurrency users not to trade with unauthorized virtual asset service providers, as this may lead to financial losses due to fraud, security vulnerabilities, and operational failures.The central bank stated that unauthorized VASPs also pose risks such as lack of legal recourse, absence of consumer assistance mechanisms, poor service quality, false advertising, improper handling of private keys, cybersecurity incidents, and data privacy issues. Additionally, access may be restricted due to government enforcement actions against illegal operations. The Central Bank of the Philippines has committed to continuing cooperation with the Securities and Exchange Commission, the National Telecommunications Commission, and other departments to restrict access for Philippine users to unauthorized VASP platforms, and urges consumers to protect personal information, maintain cybersecurity hygiene, and only trade with licensed institutions.

According to Jinshi News, the USD/CAD has broken through 1.37, with an intraday increase of 0.25%.

According to Jinshi reports, after the release of the U.S. non-farm data and Canadian employment data, the USD/CAD rose more than 20 points in the short term, currently reported at 1.3675.

According to The Block, JPMorgan analysts have stated that Bitcoin is gradually surpassing gold as a currency devaluation hedge tool following the Iran conflict.Analysts led by Managing Director Nikolaos Panigirtzoglou noted that Bitcoin ETFs recorded inflows for the third consecutive month in May, while gold ETFs are still struggling to recover the funds that flowed out during the outbreak of the Iran conflict in March. This indicates that since the conflict began, retail investors are choosing Bitcoin over gold for devaluation hedge trades.The analysts stated that Bitcoin purchases are not limited to retail investors through ETFs. JPMorgan's position proxy indicators based on CME Bitcoin futures and offshore perpetual futures have also reached new highs, indicating that institutional investors are similarly increasing their exposure. The momentum signals for Bitcoin and gold have also rebounded since the conflict began. Investors are also indirectly buying Bitcoin through Strategy, with the company's purchase volume potentially reaching around $30 billion this year if the current pace is maintained.

According to Jinshi reports, the dollar index, which measures the dollar against six major currencies, rose by 0.05% on May 8, closing at 98.063 in the forex market. As of the end of the New York forex market, 1 euro exchanged for 1.1751 dollars, up from 1.1748 dollars the previous trading day; 1 pound exchanged for 1.3583 dollars, down from 1.3593 dollars the previous trading day; 1 dollar exchanged for 156.67 yen, up from 156.45 yen the previous trading day; 1 dollar exchanged for 0.7788 Swiss francs, down from 0.779 Swiss francs the previous trading day; 1 dollar exchanged for 1.3635 Canadian dollars, down from 1.3636 Canadian dollars the previous trading day; 1 dollar exchanged for 9.2432 Swedish kronor, up from 9.2339 Swedish kronor the previous trading day.