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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 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.

According to Forbes, Bitcoin bulls have added a macro narrative. Ray Dalio, founder of Bridgewater Associates, warned that the $39 trillion debt crisis in the U.S. could lead to a long-term devaluation or even collapse of the dollar, while JPMorgan analysts believe that the market is witnessing a rotation from gold to Bitcoin in the currency devaluation trade.Dalio stated that the current annual spending in the U.S. is about $7 trillion, with revenues of only about $5 trillion, and the long-term fiscal deficit and debt expansion are nearing historically dangerous levels. He believes that during similar periods, fiat currencies tend to depreciate continuously, while gold benefits.Meanwhile, JPMorgan analyst Nikolaos Panigirtzoglou pointed out that as the conflict in Iran escalates, the inflow of funds into Bitcoin ETFs has continued to exceed that of gold ETFs, with some funds viewing Bitcoin as digital gold and a hedge against dollar devaluation.The report mentioned that since the outbreak of the U.S.-Iran conflict, the price of Bitcoin has risen by about 30%, although it is still below the historical high of $126,000 in 2025. Notable investors, including Stanley Druckenmiller and Elon Musk, have also expressed concerns about the long-term status of the dollar as a reserve currency.

DeepSeek's financing negotiations with Alibaba have broken down. DeepSeek launched a massive financing round, attracting major companies like Tencent and Alibaba to participate, but the two sides ultimately failed to reach an agreement. The core conflict lies in Alibaba's desire to strengthen its AI ecosystem through investment, while DeepSeek, as an independent model company, insists on minimizing binding terms and maintaining technological independence, unwilling to accept excessive ecosystem ties.DeepSeek founder Liang Wenfeng has long rejected external equity financing. Although this time he has opened the door for the first time, his bottom line remains unchanged, with the most emphasis on offers with "the least additional conditions." DeepSeek's current financing round is valued at approximately 300 billion RMB (about 45 billion USD), with the fundraising focus on supplementing computing power and R&D funds, while also providing a market valuation anchor for employees to retain talent. Tencent had proposed to subscribe for up to 20% of the shares, but this was politely declined by DeepSeek as they did not want to relinquish a large proportion of control. Ultimately, the China National Investment Fund and others may lead the investment, with relatively loose terms that align more closely with DeepSeek's technological idealism.

Recently, "Cathie Wood" had a podcast conversation with CZ, where Cathie clarified her comments from last year regarding the 1011 cryptocurrency market flash crash. In the "flash crash" event, Binance did not actually trigger the flash crash; it was the sharp decline that caused the malfunction, compounded by tariff panic that amplified the market's vulnerability.CZ responded: Thank you for your clarification. That statement was widely quoted by the media, and many people said Binance caused the crash. I'm glad you have clarified this now.

According to market news, Moon Kyung-ho, head of the Income Tax Division of the Ministry of Economy and Finance of South Korea, stated at an emergency meeting on the taxation of virtual assets that the government will proceed with the taxation of virtual assets as originally planned starting January 1 next year. This is the first time the Ministry of Economy and Finance has publicly expressed its stance on the issue of virtual asset taxation.According to the current income tax law, income generated from the transfer or lending of virtual assets will be classified as other income, with a tax rate of 22% applicable to virtual asset income exceeding 2.5 million won (20% other income tax plus 2% local income tax). The tax targets approximately 13.26 million investors. Head Moon revealed that the National Tax Service is formulating relevant announcements and has had multiple discussions with the five major virtual asset operators, expecting to conduct legislative announcements soon.

According to monitoring by Hyperinsight, a high-leverage BTC long whale on Hyperliquid is approaching liquidation. This position was opened with 35x leverage yesterday evening, with the liquidation line at $80,650, less than $200 away from the current price, triggering a distance of only about 0.25%. If the price falls to touch this liquidation range, it is expected that approximately $8.8 million in liquidations will occur on-chain, coinciding with the concentrated release of sell orders of the same scale. Currently, this position has an unrealized loss of 50%. Address: 0xc6cfc26b057f9f70a4cfdd896f075d86315d9d23.

Bitcoin mining company and energy infrastructure platform Hut 8 announced that its subsidiary has reached a $200 million Bitcoin collateralized credit agreement with FalconX, replacing the previous financing arrangement from Coinbase Credit. The new financing has an annual fixed interest rate of 7.0%, a decrease of 200 basis points from the previous 9.0% financing from Coinbase; during the period from December 2023 to March 2025, the financing cost was as high as 10.5%–11.5%, with a cumulative reduction of up to 450 basis points, demonstrating progress in continuously optimizing debt costs.After this refinancing, Hut 8 has approximately 3,300 BTC converted to an uncollateralized state, valued at about $260 million based on the market value as of May 1, 2026, significantly enhancing its balance sheet flexibility and liquidity. Meanwhile, the credit structure maintains key risk control terms, including a limited recourse structure, a no-rehypothecation clause, and a fixed LTV threshold design, preventing additional margin calls triggered by a decline in Bitcoin prices.Hut 8's management stated that this financing not only reduces financing costs but also releases more uncollateralized Bitcoin assets, helping to enhance capital allocation flexibility across different market cycles; FalconX emphasized that this transaction reflects its ongoing expansion capabilities in institutional-level Bitcoin credit solutions.

Crypto analyst Ali Martinez stated that as May begins, Bitcoin is still oscillating within a narrow range, while order clusters at key price levels are forming, which may become the core area for large-scale liquidations.Upper resistance: $80,000. This position serves as a major psychological and technical resistance, gathering a large amount of short liquidity. If broken, it may trigger a short squeeze, pushing the price quickly up to $84,000. Lower support: If $80,000 fails to break, the lower liquidity range includes $75,000, $73,000, and $70,000, which may support a pullback. He pointed out that the current market is in a tug-of-war phase between bulls and bears, and if the price effectively breaks through the $75,000 to $80,000 range on a daily basis, it may determine the overall trend for the month.

Syndicate has released an update regarding the recent security incident, stating that the leakage of private keys led to the malicious upgrade of bridging contracts on two chains, resulting in the theft of approximately 18.5 million SYND (about $330,000) and around $50,000 in customer tokens. Affected users will receive full compensation, and SYND holders will receive additional compensation.The attack involved multi-stage reconnaissance, infrastructure mapping, vulnerability exploitation development, and precise timing, ruling out the possibility of insider involvement. The root cause of the vulnerability was the storage of private keys in a password manager, and the upgrade process did not utilize multi-signature or hardware signing. Syndicate is strengthening security measures, including adding an encryption layer outside the password manager and implementing multi-signature or hardware signing for the upgrade path.

According to Jinshi reports, Federal Reserve Chairman Powell stated that everyone except one person believes that maintaining interest rates is the right decision.

According to Caixin, Kenneth Rogoff, former chief economist of the International Monetary Fund (IMF), warned that the Trump administration's push for financial deregulation, particularly the relaxation of bank capital requirements and regulatory transparency, is significantly increasing the risk of a systemic financial crisis in the United States in the future.Kenneth Rogoff pointed out that one of the important reasons supporting the relaxation of regulations is to allow traditional banks to maintain innovation and market competitiveness in the competition with cryptocurrencies, especially stablecoins pegged to the dollar. If cryptocurrency regulations are relaxed simultaneously, combined with the deregulation of the traditional financial system, it could trigger a "double deregulation" risk, ultimately leading to systemic collapse. Although a comprehensive banking crisis may not erupt in the short term, the risks have clearly increased, and the regulatory balance between stablecoins and the traditional banking system is becoming a key hidden danger.

The Humanity Foundation recently requested early investors to make a binary decision regarding the ownership plan for the $H token. On-chain monitoring data shows that the well-known market maker Jump Trading's associated address transferred 50 million $H to a centralized exchange on April 26, just before the deadline for investor responses.Further on-chain records indicate that Jump Trading began transferring $H tokens in batches starting from December 2025, with a cumulative processing scale measured in hundreds of millions. Trix Ventures subsequently released an on-chain analysis report, indicating that Jump Trading's actions, combined with the foundation's enforced binary decision plan, may trigger market participants to price in the unlocking event on June 25 in advance.

According to market news, the cryptocurrency market weakened overall on Friday, with BTC hovering around $77,800, and the upward trend that started at $65,000 since Wednesday has clearly slowed down; ETH is reported at $2,300, with a 24-hour decline of about 0.8%, underperforming BTC.The market pressure mainly comes from two aspects: first, Japan's corporate service price index rose 3.1% year-on-year in March, exceeding expectations, and core inflation is also accelerating upward. The market expects the Bank of Japan may signal an interest rate hike at the next policy meeting, and a stronger yen could trigger the unwinding of carry trades in global risk assets; second, the ongoing war in Iran continues to disrupt oil transportation in the Strait of Hormuz, with WTI crude oil futures rising over 40% to $96 per barrel since the outbreak of the war. The U.S. Pentagon warns that clearing mines will take at least six months, and global inflationary pressures may persist, further compressing the Federal Reserve's space for interest rate cuts.

Microsoft had evaluated the possibility of acquiring the AI programming tool company Cursor, but ultimately did not proceed with the deal. Subsequently, SpaceX quickly reached an agreement to obtain an option to acquire Cursor at a valuation of $60 billion, with a $10 billion penalty for cancellation if the acquisition is not completed.Cursor is currently an important player in the AI programming sector, benefiting from the strong demand for automated programming tools from developers. Competition in this field has become increasingly fierce, with OpenAI and Anthropic being major players. On the other hand, Microsoft is facing multiple pressures, with its stock price down 10% this year, underperforming its peers in the hyperscale data center sector.

SpaceX announced today that it has reached a cooperation intention with AI programming startup Cursor, which grants SpaceX the right to acquire it later this year for $60 billion, or to pay $10 billion to advance the cooperation between the two parties.It is reported that Cursor's developer Anysphere completed a $400,000 Pre-Seed round of financing in April 2022, jointly invested by Alameda Research and Heroic Ventures. Among them, Alameda invested $200,000 in Anysphere, acquiring about 5% of the shares.This equity was sold at the original price during the bankruptcy liquidation of FTX. Based on a $60 billion valuation, if the equity had not been sold, it would currently be worth about $3 billion.

According to Jinshi reports, U.S. President Trump stated in an interview that he was surprised by the rebound of the stock market during the Iran war, as he originally thought the Dow Jones index would drop by 20%.