insiders

According to The Information, sources say that despite Cursor previously accepting SpaceX's conditional acquisition offer of $60 billion (which has not yet been finalized), the company currently has no plans to jointly develop coding models with its artificial intelligence agency xAI.Instead, Cursor is focusing on optimizing its self-developed model Composer. This model is partially supported by the Chinese AI model Kimi. Previously, the market anticipated that if the deal was completed, Cursor might engage in deep collaboration with xAI to develop programming models, but the latest developments indicate that the company will continue to adhere to an independent technology path in the short term.

The cryptocurrency market structure bill may advance in mid-May.This Wednesday, a key figure in the cryptocurrency bill negotiations, North Carolina Republican Senator Thom Tillis, stated that he has requested Senate Banking Committee Chairman, South Carolina Republican Senator Tim Scott, to expedite the scheduling of a hearing for the bill to be revised and voted on. Additionally, another negotiator this week, Angela Alsobrooks, indicated that if lawmakers want a bipartisan vote in the Senate Banking Committee, they need to address issues of illegal financing and ethics. However, Senate Chairman Scott stated that he believes the ethics provision does not need to be reviewed by his committee. It is currently unclear where the provision will go next, whether it should be reviewed by other committees, but it will likely need to be discussed before being submitted for a vote by the full Senate.

According to monitoring by Lookonchain, since the disclosure that the suspected APE insider trader is going long on LDO, LDO has risen over 20%.One associated wallet has closed its long position in LDO, making a profit of about $50,000; another wallet still holds 5.96 million LDO (approximately $2.65 million) in long positions, currently with an unrealized profit of about $250,000.

According to informed sources, the final proposal for the US-Iran ceasefire agreement includes Iran abandoning nuclear weapons in exchange for the lifting of sanctions and the unfreezing of assets. A plan to end hostilities in the Middle East needs to be agreed upon by Monday. If an agreement is reached, the plan will facilitate an immediate ceasefire, the reopening of the Strait of Hormuz, and the achievement of a final agreement within 15 to 20 days. The Chief of Army Staff of Pakistan has had phone calls with US Vice President Vance, Special Envoy Witkoff, and Iranian Foreign Minister Zarif. Iran and the US have received a plan to end hostilities, which consists of a two-tier agreement: first achieving a ceasefire, and then reaching a final agreement.

Insiders revealed on Tuesday that SpaceX is collaborating with at least 21 banks to prepare for its blockbuster IPO, one of the largest underwriting groups in recent years. This IPO is internally codenamed "Apex," expected to take place in June, with a valuation reaching $1.75 trillion, poised to become one of the most anticipated stock market debuts on Wall Street. Insiders stated that Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup are serving as active bookrunners, meaning they are the lead banks managing this transaction.They added that another 16 banks have signed on to take smaller roles. About half of these banks had not been previously reported. The size of the underwriting group highlights the scale and complexity of the proposed issuance plan.

According to the Wall Street Journal, sources say that the SpaceX IPO is expected to raise between $40 billion and $80 billion. SpaceX is considering offering preferential treatment to investors from other companies owned by Musk in the stock allocation.Previous news from ChainCatcher indicates that the SpaceX IPO may reserve up to 30% of the shares for retail investors.

Sources say that SpaceX's IPO may reserve up to 30% of shares for retail investors.

According to a report by Bloomberg, Kimi's parent company, Moon's Dark Side, is in the preliminary stages of considering an initial public offering in Hong Kong and has begun discussions with China International Capital Corporation and Goldman Sachs regarding the listing cooperation. The specific timing has not yet been determined, and the planning is still underway, with the possibility that it may not proceed. Both Moon's Dark Side and Goldman Sachs declined to comment, and China International Capital Corporation did not respond.After completing over $700 million in financing earlier this year, Moon's Dark Side is negotiating a new round of financing, with a scale of up to $1 billion, which would bring its valuation to approximately $18 billion after this round of funding. Its C round valuation was about $4.3 billion at the end of last year, and the valuation has since risen rapidly. Founder Yang Zhilin stated in an internal letter at the end of last year that the company has 10 billion RMB in cash and is "not in a hurry to go public in the short term." There were also rumors of a "backdoor listing" last December, which the company denied.Competitors in the same sector, Zhiyu and MiniMax (Xiyu Technology), have already gone public on the Hong Kong Stock Exchange, and taking advantage of the investor enthusiasm generated by peers going public, Moon's Dark Side has been accelerating its financing in the private equity market.

According to crypto KOL Crypto Fearless, Gala has returned to OKX, where the department is the President's Office and the position is a strategy role.Additionally, according to the crypto asset data platform RootData, Gala was previously the Director of Ecosystem Development for BNB Chain, the Head of Partnerships for OKX Marketplace, and the Investment Director at Zonff Partners, graduating from the University of Washington.

According to a report by CCTV cited by Jinshi, on March 20 local time, U.S. officials stated that the U.S. military is deploying three warships and approximately 2,500 Marines to the Middle East. Previously, informed sources indicated that the troop increase would provide U.S. President Trump with more military options, including launching operations to "clear" the Strait of Hormuz, which would require deploying air and naval forces to the Iranian coastline.According to informed sources, the Trump administration is also considering deploying ground troops to Khark Island, the "lifeline" of Iranian oil exports. This plan aims to seize the island as leverage to force Iran to restore passage through the Strait of Hormuz. Khark Island is located in the northwestern part of the Persian Gulf, more than 20 kilometers from the Iranian coast, and is Iran's largest crude oil export base, with about 90% of Iran's oil exported from here.

According to IT Home citing The Information, two informed sources stated that TikTok's Chinese parent company ByteDance has suspended its global launch plan for the latest video generation model Seedance 2.0 after a series of copyright disputes with several major Hollywood studios and streaming platforms.The report stated that ByteDance originally planned to launch this new video model to global users in mid-March, but has now suspended the related plans. The report added that ByteDance's legal team is investigating and addressing potential legal issues, and engineers are also increasing protective mechanisms to prevent the model from generating content that may lead to further intellectual property infringements.

According to CoinDesk, Bloomberg Intelligence senior commodity strategist Mike McGlone reiterated his bearish view that Bitcoin could drop below $10,000, believing that the crypto market is still undergoing a macro-driven long-term adjustment.McGlone pointed out that as institutional participation increases, Bitcoin's correlation with speculative assets has strengthened, undermining its function as a non-correlated hedge against traditional markets. The current market needs to go through a clearing process of excessive speculation. Several analysts have refuted this. The CEO of Quantum Economics stated that for Bitcoin to reach $10,000, extreme events such as a global liquidity crisis, nuclear war, and internet shutdown would be necessary.AdLunam analysts believe that a drop to $28,000 may require a global liquidity contraction or a broader financial stress event. PrimeXBT senior market analysts expect Bitcoin to consolidate in the $60,000 to $70,000 range, with the next major accumulation zone possibly between $30,000 and $40,000, but the likelihood of reaching $10,000 is very low. Some analysts pointed out that Bitcoin completed a major bear market correction in 2022, and the current price is about 50% down from its historical peak, possibly having reached the bottom.

According to sources, the former Chief Research Scientist of OpenAI is raising $70 million for an artificial intelligence startup that is developing software to help factories achieve autonomous operation.

According to ABC News, Trump stated in an interview that the Iranians are now contacting me. Someone within the Iranian government has reached out. I probably shouldn't tell you who he is. He is no longer reporting to the Supreme Leader.

According to Jinshi reports, three insiders said that Iran's Defense Minister Amir Nasirzadeh and Islamic Revolutionary Guard Corps Commander Mohammad Pakpour were killed in the Israeli attack.

According to monitoring by the blockchain data analysis platform Bubblemaps, six suspected insiders placed bets hours before the U.S. launched military strikes against Iran, profiting approximately $1.2 million.Most of these wallets received funding in the past 24 hours, specifically targeting bets placed on February 28, and bought the "yes" option hours before the attack occurred.

According to market news, informed sources have revealed that tech giant Meta, led by Mark Zuckerberg, plans to re-enter the stablecoin space in the second half of the year. It is planning to integrate third-party providers to support stablecoin payments and launch a new wallet.Sources say that Meta has issued product requirement invitations to third-party companies, with long-term partner Stripe being a potential candidate for the pilot. Stripe acquired the stablecoin specialist company Bridge last year, and its CEO Patrick Collison joined Meta's board in April 2025. Meta, Stripe, and Bridge did not respond to requests for comment. Meta first attempted to launch the Libra stablecoin (later renamed Diem) in 2019, but it was unsuccessful due to regulatory hurdles and the Cambridge Analytica scandal, leading to the project's shutdown and asset sale in early 2022.

According to CoinDesk, two insiders revealed that as the cryptocurrency exchange platform Kraken prepares to go public in the U.S. early this year, Kraken has fired Chief Financial Officer (CFO) Stephanie Lemmerman.Lemmerman joined Kraken from Dapper Labs in November 2024 and served as the CFO of the exchange for one year and four months. One insider stated that she is currently serving as a strategic advisor at Kraken.Insiders revealed that former Vice President of Business Development Robert Moore has essentially taken over her position. The leadership page on the website of Kraken's parent company, Payward Inc., has been updated to show that Moore is now the Deputy CFO, while Lemmerman's name does not appear on that page.

According to Techub News, multiple sources have revealed that the first batch of compliant stablecoin licenses in Hong Kong is expected to be issued by the end of March, with HSBC and Standard Chartered likely to be among the first approved institutions.Insiders indicate that after the first round of licenses is issued, the approval process for the second round of licenses will also be expedited, with an announcement expected soon.