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Ningde Times is planning to participate in DeepSeek's financing

Two informed sources revealed that CATL plans to participate in the financing activities of the domestic artificial intelligence company DeepSeek. DeepSeek's first round of financing aims for approximately 50 billion yuan, which may be completed as early as next month, and after the transaction, the company's valuation may exceed 350 billion yuan. JD.com and NetEase have also been reported to be in talks to invest, but the final investors and amounts may still be adjusted.In recent years, CATL has been accelerating its layout in the AI data center infrastructure business. In addition to power batteries, it also provides backup power batteries and energy storage systems for data centers. Earlier this month, a CATL affiliate invested $942 million in GDS Holdings and invested in the power supply system manufacturer Zhongheng Electric.Reports indicate that DeepSeek has built its own data center in Inner Mongolia and is currently recruiting data center operations and maintenance personnel in Inner Mongolia. Due to the rapid growth in AI computing power demand, the demand for energy storage and stable power supply in data centers has also increased, allowing CATL to further enter the AI infrastructure track.Previous reports stated that DeepSeek's current round of financing has attracted attention from several Chinese capital sources, including the national AI investment fund and technology giants. DeepSeek has not yet achieved large-scale revenue, but its low-cost open-source model has already created competitive pressure on companies like OpenAI and Anthropic.

Huobi HTX launches Pizza Festival with multiple celebrations: participate to share a prize pool of over $200,000 + physical gifts

According to the official announcement from Huobi HTX, the platform has officially launched the "Crypto Pizza Festival" series of activities, covering multiple gameplay options such as task challenges, holiday red envelopes, and lucky draws, with a total prize pool exceeding 200,000 USDT, including physical grand prizes like the iPhone 17 Pro Max, 10 grams of gold, and pizza vouchers.The task challenge competition runs from May 14 to May 25. After signing up, users can complete any one of the five tasks: earning coins, spot trading, contract trading, learning to earn coins, or holding $HTX to light up "Fire Treasures" and receive tiered rewards such as USDT earning interest vouchers, contract experience gold, and spot trading fee cashback vouchers. Collecting all Fire Treasures allows participation in a lucky draw to share a prize pool of 100,000 USDT, thousands of pizza vouchers, and USDT 10% earning interest vouchers.From May 18 to June 19, the pizza carnival red envelope activity will also be launched, with a total prize pool of 100,000 USDT. On the birthday of Fire Treasures (May 18) and Bitcoin Pizza Day (May 22), users can visit the event post to receive no-threshold red envelopes. Completing daily interactions or referral tasks can unlock subsequent red envelope qualifications, and checking in for 7 consecutive days can unlock large red envelopes.The lucky draw activity will start on May 18. During the event, accumulating a spot trading volume of ≥100 USDT or a single contract trading volume of ≥2,000 USDT will grant a chance to enter the draw. The prize pool includes an iPhone 17 Pro Max in Starry Orange (1TB), Keron 4 GT, 10 grams of gold, BTT/NFT/WIN/SUN tokens, and contract experience gold, among others.

Curve has launched a bad debt recovery mechanism, allowing impaired claims to exit through trading or participate in recovery

Curve Finance officially announced that it is introducing a bad debt recovery mechanism based on on-chain market mechanisms, allowing CRV-affected users in certain lending markets with bad debts to choose different recovery strategies: directly selling their claims to exit, continuing to hold and wait for potential recovery, or providing liquidity to earn fees and incentives. The core of this mechanism is to establish a trading pool between crvUSD and the tokens of the affected claims, allowing bad debt claims to be priced in the market and creating liquidity, thereby providing users with an immediate exit channel instead of relying solely on the final liquidation results.It is reported that after the cryptocurrency market crash in October last year, some lending markets under Curve Finance experienced bad debt issues, with various liquidity pools being impacted by severe price fluctuations and liquidity contraction, leading to some deposit users facing withdrawal restrictions and asset losses.Curve stated that the recovery mechanism will not eliminate losses or guarantee recovery, but will gradually reflect risks and recovery expectations through a market-oriented approach. Additionally, if the governance layer distributes rewards through the veCRV incentive mechanism, it will help enhance liquidity depth, improve exit conditions, and strengthen market pricing efficiency.

Binance participates in a joint operation with the UK's NCA to combat crypto authorization phishing scams

Binance announced its participation in the international law enforcement operation "Operation Atlantic," led by the UK's National Crime Agency (NCA), in collaboration with multiple countries' law enforcement agencies to combat cryptocurrency and investment fraud, focusing on "approval phishing" scams.The operation was jointly initiated by the NCA, the U.S. Secret Service, and relevant law enforcement and regulatory agencies in Ontario, Canada, aiming to identify victims who have been compromised or are at risk. Approval phishing typically disguises itself as an investment opportunity, luring users into granting wallet access permissions, thereby transferring assets. During the operation, Binance's special investigation team provided on-site support in London, including fraud identification processes, risk screening, and intelligence analysis, and assisted in identifying potential victims and related malicious websites.At the same time, Binance also provided law enforcement agencies with addresses and suspect intelligence related to the case, supporting asset tracking and enforcement actions. The NCA stated that this operation has successfully protected thousands of potential victims in the UK and overseas. Binance emphasized that it will continue to cooperate with global law enforcement agencies to strengthen the fight against cryptocurrency fraud.
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