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According to Sina Finance, multiple informed sources have revealed that the majority of SpaceX shareholders have voted to approve the board's proposal for a 1-for-5 stock split for this private company, while converting all Class C common stock into Class A common stock. This plan officially took effect automatically on May 4, 2026, local time.Informed sources stated that shareholders have received email notifications, and after the stock split is completed, the fair market price per share will be adjusted from the previous $526.59 to approximately $105.32.SpaceX emphasized in the notification that this stock split aims to proportionally adjust the price per share and increase the number of shares held by shareholders, without changing the overall value of the company or the total value of the shares held by shareholders.

According to Cointelegraph, multiple analysts have pointed out that Ethereum faces downside risks, with ETH potentially dropping another 20% to the $1,700 range. The increase in holdings on trading platforms and the decline in ETF demand are the main sources of pressure.CryptoQuant analyst BorisD noted that from May 5 to May 9, the ETH reserves on Binance surged from 3.36 million to 3.84 million, while the price dropped 7% from $2,390 to $2,260 during the same period. He stated, "This indicates that liquidity is being absorbed and distributed simultaneously. The overall structure still points to dominant downside risks."Another analyst, PelinayPA, shares the same view, believing that any short-term rebound will "be accompanied by high volatility, followed by a continuation of a broader downward trend," and added, "A large amount of ETH continues to flow into trading platforms, creating significant resistance to price increases." The net inflow of ETH to trading platforms surged to 585,000, marking the largest single-day inflow since December 2025—at that time, the ETH price was around $3,000, which subsequently dropped to $1,750 in February this year, a decline of 42%. Such large-scale inflows typically indicate that large holders are offloading.Meanwhile, the demand for spot Ethereum ETFs continues to weaken, recording net outflows for four consecutive days, with a total outflow amounting to $190 million. From a technical perspective, the ETH daily chart shows that the ascending wedge pattern has broken below the support level of $2,280. If the daily closing price confirms a break below, the target will point to the wedge measurement target of $1,725, a 22% drop from the current price, aligning with the macro low on February 6 of this year.Analyst ShangoTrades stated that this breakdown "is starting to become concerning." From a longer-term perspective, analyst CryptoBullGod pointed out that the measurement target for the ETH weekly bear flag pattern is $1,280.

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 WIRED, Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), stated that the agency is using artificial intelligence technology to investigate insider trading in prediction markets such as Polymarket.In the past year, several traders on Polymarket have been suspected of using insider information to bet on geopolitical events such as the Venezuela raid and the Iran war, resulting in significant profits and drawing widespread attention.Previously, a U.S. Special Forces soldier was arrested for allegedly profiting from betting on the Maduro arrest using classified intelligence on Polymarket, becoming the first criminal case of insider trading in a prediction market in the United States.

According to Bits.media, the Moscow Exchange is in discussions with brokers to launch a cryptocurrency trading mode. Experts expect that cryptocurrency trading in Russia will be similar to other exchange tools, but trading hours will be extended to 24/7. Currently, the Moscow Exchange is considering whether to adopt a 24/7 model, but the final decision depends on how the clearing operations will work.In addition, the Moscow Exchange is testing the deposit and withdrawal functions for cryptocurrencies and has invited some brokers to participate in the testing. In the future, users will not be able to register cryptocurrency wallets directly on the exchange but will need to operate through brokers' digital custody accounts. The Moscow Exchange's press office stated that the platform "is actively developing solutions to serve the cryptocurrency market."

According to Jinshi reports, Federal Reserve's Williams stated that considering inflation remains above target, background factors are crucial.

The White House is considering issuing 250 presidential pardons on the occasion of the 250th anniversary of the founding of the country, currently weighing the announcement of the plan on June 14 or July 4. Several defendants in the cryptocurrency field are seeking executive clemency, including Sam Bankman-Fried and Roger Ver. The U.S. president has issued over 1,600 pardons and commutations during his second term. Previously, Ross Ulbricht, the founder of BitMEX, and Changpeng Zhao, the founder of Binance, have been pardoned. The White House has stated that there are currently no plans to pardon Sam Bankman-Fried.

According to Cointelegraph, CryptoQuant pointed out in a report that Bitcoin faces a risk of correction after reaching the 200-day moving average of $82,400. The agency stated that the 200-day moving average was a major resistance level during the 2022 bear market, and Bitcoin resumed its downward trend after hitting that level in March of that year.The report noted that traders' unrealized profit margin reached 17.7% on May 5, the highest level since June of last year, indicating potential selling pressure from profit-taking. Last week, daily realized profits surged to the highest level since early December, with traders cashing out 14,600 Bitcoins (worth nearly $1.2 billion) on May 4. CryptoQuant stated that such a peak magnitude often signals a local price top during a bear market rebound.If Bitcoin declines, the current support level is around $70,000, which is the average price of all Bitcoin's last trades and has historically been a key resistance turning into support during bear markets.

According to CoinDesk, hardware wallet manufacturer Ledger has suspended its plans to go public in the U.S. due to unfavorable market conditions. Sources say that Ledger had discussions with investment banks such as Goldman Sachs, Jefferies, and Barclays about an IPO in the U.S. this year, with a potential valuation of around $4 billion, but has not yet submitted an S-1 registration document to the SEC. The company is evaluating other options, including private financing.The report points out that after several crypto companies go public in 2025, many institutions, including Kraken, have postponed their IPOs due to weakening token prices, declining trading volumes, and stock market volatility. Additionally, the only crypto-native company that went public in 2026, BitGo, has seen its stock price drop about 36% below its offering price.

According to Jinshi reports, at the invitation of President Xi Jinping, U.S. President Trump arrived in Beijing on the evening of May 13 on a special plane to begin a state visit to China.

According to the Financial Times, Blue Origin, the American commercial space company founded by Jeff Bezos, is considering bringing in external investment for the first time. Introducing external capital could accelerate Blue Origin's operational expansion and technological research and development by mobilizing internal and external resources, thereby breaking through the growth model that relies solely on internal funding.More broadly, the rising interest of venture capital in the space industry may intensify competition for talent and contracts within the industry, while also sending positive signals of investor confidence to the supply chain and regulatory systems.

YZi Labs announced the 25 graduation projects of its flagship incubation project EASY Residency for the third season, focusing on areas such as on-chain financial market structure reconstruction, AI agents, tokenization of real-world assets, prediction markets, and privacy compliance. The 25 projects include:Identity and payment infrastructure for AI agents on the BNB chain Bank of AI, litigation workflow legal evidence indexing tool Brief Tech, AI probability output verifiable reasoning platform Cournot, financialized social network and trading platform Dapital, programmable token issuance infrastructure Flap;On-chain marketplace for collectibles and intellectual property assets GEMINT, on-chain options and structured products platform LayerV, CEX-level on-chain liquidity platform LunarBase, multi-market agent capital acquisition platform L7, DeFi unified margin layer Möbius, permissionless margin trading protocol Nemesis;AI agent-driven automated financial decision execution layer Newsliquid, tokenized private market exposure DeFi platform Openstocks, on-chain poker skill game options market PokerFi, prediction market automation and intelligence infrastructure Polysights, physical collectibles RWA liquidity infrastructure Renaiss;Fixed-rate decentralized lending platform TermMax, compliance-oriented digital asset privacy infrastructure 0xBow, AI agent workflow self-custody authorization layer Functor, interest-free stablecoin new bank for the Muslim market Isaac, on-chain prime brokerage platform for the BNB chain MARGIN X;Frictionless stablecoin exchange N-dimensional AMM Orbswap, compliance-oriented cross-chain privacy exchange protocol SilentSwap, crypto market AI agent trading and automation infrastructure Taco AI, on-chain event-driven derivatives platform Vibe.fun.

Bernstein reiterated its "Outperform" rating on Figure Technology Solutions (FIGR) and maintained a target price of $67, implying about a 72% upside from the current stock price of $38.97. Figure's Q1 2026 performance was strong: loan issuance reached $2.9 billion, a year-on-year increase of 113%; adjusted revenue was $167 million, a year-on-year increase of 92%, exceeding market expectations by 6%; adjusted EBITDA was $82.7 million, with a profit margin of about 50%, slightly above market expectations. However, the GAAP diluted EPS was $0.18, about 9% below expectations, primarily impacted by $26 million in equity incentive expenses.Bernstein's analysis suggests that this performance should reshape the market's perception of Figure, as it is not a traditional credit company, but rather a "tokenization-driven capital market platform," with core profits coming from network fees and operational leverage, and it maintains a pricing model based on a 25x EBITDA valuation for 2027. Additionally, the tokenization ecosystem continues to expand: the yield-bearing security token YLDS reached $598 million (up 80% quarter-on-quarter); the balance of stock lending products was $368 million (up 79%); and the small business loan segment contributed $6 million in revenue. Figure's current stock price is still not far from the 2025 IPO issue price of $36, but there remains a significant gap from the historical high of $78.

The U.S. Senate Banking Committee has released the first updated complete draft of the CLARITY Act since January of this year. The new draft has made significant adjustments in several key chapters.These include: a major rewrite of Chapter 1 concerning definitions, the authority of the U.S. Securities and Exchange Commission (SEC), and other content; the addition of insider trading provisions in Section 109; updating "joint control" to "coordinated control" in Chapter 2; rewriting Section 301 to further clarify the regulatory boundaries between DeFi and CeFi; updating Section 404 to incorporate the compromise proposal from Tillis and Alsobrooks; adjusting Section 505 to narrow the scope of SEC's authority limitations in the tokenization field; and restructuring the bankruptcy and insolvency framework in Sections 701 and 702. Additionally, Section 904 is a new addition, titled the "Build Now Act."Alex Thorn also pointed out that the protective provisions for developers in the Blockchain Regulatory Certainty Act in Section 604 remain largely intact, with only minor modifications that do not weaken its core protective content.

Bernstein stated that it maintains a target price of $190 for Circle (CRCL): Although the decline in interest rates led to a quarter-over-quarter drop in reserve income of 11%, Q1 revenue of $694 million was slightly below expectations, but adjusted EBITDA reached $151 million, exceeding consensus by about 10%. Analysts pointed out that Circle's $222 million ARC token presale, completed at a fully diluted valuation of $3 billion, along with robust growth in USDC supply reaching $77 billion (a year-on-year increase of 28%), provides a buffer for the company.According to Gate's market data, Circle's stock closed at $131.76 on Monday, with the target price implying about a 44% upside. Bernstein reiterated that the upcoming launch of the Arc Layer 1 mainnet, the expansion of the payment network, and its leading position in AI agent payments (x402 standard) will support the long-term growth of USDC and maintain the fiscal year 2026 guidance unchanged.

Korean trader Definalist posted on social media that there are suspected wash trading activities during the listing process of WIF and VVV on Upbit. Several addresses funded by Upbit's hot wallet bought before WIF was listed on Upbit and quickly sold after the listing; similar operations also appeared with VVV.In addition, Definalist hinted that Upbit has been intensively testing STABLE tokens recently, and the suspected wash trading wallets also showed related buying activities.

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.

With the last 225,000 ETH (approximately $528 million) transferred to Binance 5 hours ago, the whale (i.e., BTC OG insider whale) that suffered a loss of $230 million from a long position liquidation on Hyperliquid in February has transferred all of its 577,000 ETH (approximately $1.351 billion) to Binance within 4 days. Currently, it still holds 11,500 BTC (approximately $934 million) on-chain.

According to CoinDesk, European Central Bank President Christine Lagarde stated in a speech that Europe should not simply replicate the U.S. stablecoin model, but should prioritize building tokenized settlement infrastructure centered around central bank currencies.She pointed out that the $310 billion stablecoin market, dominated by Tether and Circle, poses financial stability risks and could transmit pressure to underlying asset markets during times of crisis. Lagarde believes that the technological advantages of stablecoins can be replicated by central bank infrastructure, while their monetary functions introduce unacceptable financial stability risks. She cited the 2023 collapse of Silicon Valley Bank, which led to a brief de-pegging of USDC, as an example.Although a consortium of 12 major European banks, including ING, BBVA, and BNP Paribas, plans to launch a private digital euro later this year, citing that Europe faces "dollarization risks," Lagarde still called for EU countries to support the research and development of central bank digital currencies. The European Central Bank aims to launch a digital euro by 2029.

Paul Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), stated that the regulatory agency is considering new rules for on-chain financial markets and related software applications.Atkins pointed out that current software protocols such as DeFi are difficult to classify within the traditional regulatory framework of exchanges, brokers, or clearinghouses, as a single protocol often has multiple functions including trade execution, collateral management, liquidity routing, and settlement. His remarks are seen as the SEC adopting a more open attitude towards the crypto industry, which is friendlier compared to his predecessor Gary Gensler. Meanwhile, the SEC is also exploring innovative exemption mechanisms for tokenized securities and advancing the clarification of the digital asset classification system.