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According to official disclosures, the fintech company Stitch has completed a $25 million Series A funding round, led by a16z, with participation from Arbor Ventures, COTU Ventures, RAED Ventures, and SVC.

According to a report by Reuters, the United States has approved the sale of Nvidia H200 AI chips to about 10 Chinese companies, including Alibaba, Tencent, and ByteDance, but no chips have been delivered yet, and the related transactions are at a standstill.The report pointed out that Nvidia CEO Jensen Huang joined the delegation during President Trump's visit to China, trying to promote the sale of H200 chips in China. The U.S. Department of Commerce has also approved some distributors, such as Lenovo and Foxconn, to directly purchase and resell the chips. However, due to strict security, usage, revenue sharing, and legal restrictions imposed by the U.S. on H200 exports, there are conflicts with China's supply chain security policies, leading to stricter order approvals.

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

Digital asset infrastructure company BitGo Holdings (NYSE: BTGO) recently released its first quarterly report since going public. In the first quarter of 2026, the company reported total revenue of $3.77 billion, a year-on-year increase of 112.6%, mainly driven by the expansion of its digital asset business and growth in stablecoin-as-a-service revenue.However, GAAP net loss widened from $25.7 million in the same period last year to $60.7 million, due to a non-cash market value adjustment of approximately $53.7 million on Bitcoin holdings and increased equity incentive expenses related to the IPO. Adjusted EBITDA recorded a loss of $1.7 million, compared to a profit of $3.9 million in the same period last year.During the quarter, BitGo launched its derivatives business in January, generating approximately $3 billion in nominal trading volume. Since derivatives revenue is recognized on a net basis while spot trading is recognized on a gross basis, revenue decreased by 38.7% quarter-on-quarter. The number of customers increased by 42% year-on-year to 5,569. As of the end of the quarter, the company held 2,449 Bitcoins and $186.6 million in cash.

Metaplanet CEO Simon Gerovich stated that the company has postponed its plans to list Mars and Mercury preferred shares due to the immaturity of the Japanese preferred stock market and restrictions from exchange rules. He mentioned that Japanese exchanges require preferred stock dividends to be supported by sustainable, recurring cash flows, while Metaplanet still needs to prove that its Bitcoin revenue business can generate stable returns in different market environments.Additionally, the company plans to distribute dividends monthly, but the Japanese market typically has annual or semi-annual dividends, and the relevant infrastructure still needs to be improved. Metaplanet currently holds 40,177 BTC, and its stock price has fallen 25% year-to-date.

According to Jinshi News, JPMorgan stated that investor panic is rapidly escalating, and many clients have turned fully bearish on the stock market. Despite the pessimistic market sentiment, JPMorgan's traders still advise clients to remain calm amid market volatility and not to panic.

American defense technology company Anduril announced the completion of a $5 billion Series H financing round, with a post-money valuation of $61 billion. This round was led by Thrive Capital and a16z.CEO Brian Schimpf stated in a letter to investors that the company's revenue is expected to reach $2.2 billion by 2025, with revenue and employee numbers nearly doubling over the past year. The company has delivered its first international project for the Royal Australian Navy and completed an autonomous flight demonstration in the U.S. Air Force's unmanned combat aircraft program.Anduril stated that it will focus on increasing investments in high-capacity manufacturing, AI and autonomous systems, the Lattice sensor and command control platform, as well as the Arsenal-1 factory and ArsenalOS production system, to address the transformation of defense demands in the context of "industrialized warfare" and great power competition.

According to The Block, Bitwise Chief Investment Officer Matt Hougan pointed out that Circle's Arc, Canton Network, and Stripe's Tempo have recently completed over one billion dollars in financing collectively, with all three financings occurring after the signing of the GENIUS Act in July 2025. Hougan believes that this act has broken the regulatory deadlock that previously suppressed institutional capital entry.Hougan summarized three major signals: first, all three chains have made native privacy transactions a core design to meet institutions' needs for transaction confidentiality; second, the implementation of the GENIUS Act has significantly reduced regulatory uncertainty, with the next key variable being the ongoing Clarity Act, which is expected to benefit stablecoins and tokenized infrastructure; third, the backing of top institutions such as Goldman Sachs, Citadel, BlackRock, Stripe, and Visa behind these three chains stands in stark contrast to the grassroots paths of Ethereum and Solana.Hougan stated that his funds are still primarily betting on native crypto projects and believes that emerging enterprise chains will raise overall competitive standards and attract more capital inflow.

According to CoinPost, the Japanese blockchain infrastructure company Japan Blockchain Base has officially decided to issue a trust-based yen stablecoin EJPY, which is planned to be deployed on Japan Open Chain (JOC) and Ethereum, with the goal of launching issuance and circulation on JOC within the fiscal year 2026.The announcement stated that the trust-based framework required for EJPY has made phased progress. The company indicated that EJPY will focus on services for inter-company settlements, digital asset payments, transfers, and various Web3 payment scenarios, and will promote a multi-chain layout centered around JOC. Details regarding the actual issuance time, issuance conditions, cooperating institutions, and applicable blockchains will be announced separately after negotiations and necessary procedures with regulatory authorities and relevant institutions are completed.

According to Decrypt, Kraken's parent company Payward has announced a strategic partnership with asset management giant Franklin Templeton to bring some traditional financial products (including tokenized stocks and yield products) to the blockchain network. The two parties will integrate Franklin Templeton's tokenized money market fund BENJI into the Kraken platform as collateral and cash management tools for institutional clients.Payward's xStocks framework (which has processed over $30 billion in transaction volume since its launch last year) will collaborate with Franklin Templeton to explore new on-chain actively managed products, making its investment strategies available to institutions and some retail investors in specific jurisdictions. Franklin Templeton has also recently advanced its crypto business division, Franklin Crypto, by acquiring the crypto investment firm 250 Digital.

The cryptocurrency research institution Delphi Digital released the latest report "How Far Can Saylor Stretch It," which systematically analyzes the Bitcoin (BTC) funding expansion mechanism of Strategy, pointing out that its financing structure is transitioning from "low-cost accumulation" to the "diminishing marginal efficiency" stage. The report shows that in the current asset accumulation system centered around Bitcoin, STRC has become the core financing tool for Strategy's continuous purchase of BTC. Initially, it relied on a significant premium in MSTR's stock price (mNAV far exceeding BTC's net value) to achieve a positive cycle of "issuance leads to accumulation," but as the valuation has fallen back to about 1.24 times the EV-based mNAV, the BTC per share enhancement effect from common stock issuance is nearing breakeven.At the same time, while convertible bond tools have played an important role historically, they have accumulated about $8.2 billion in principal and will face concentrated repayment pressure after September 2027, putting long-term sustainability of the financing structure under pressure. STRC provides a continuous financing source for Strategy by offering approximately 11.5% annualized monthly dividends to income-oriented investors, to maintain the pace of BTC purchases. However, this mechanism also introduces ongoing cash flow obligations, meaning that each round of financing increases BTC assets while simultaneously accumulating future dividend burdens.The report emphasizes key risk scenarios: if BTC prices remain stagnant and MSTR's premium fails to recover, then the "STRC financing purchase gain" may be gradually offset by "common stock dilution and dividend obligations." Although the company's approximately $2.25 billion cash reserves can cover about $1 billion in redemption pressure in 2027, larger-scale debt and dividend structures in 2028 still need to be addressed. Additionally, the current authorized issuance limit of about $28.3 billion for STRC becomes a critical constraint point. Once the limit is reached, the ability to purchase new BTC may slow down, but existing dividend obligations will continue to exist, thus altering the overall BTC per share dynamic growth path.

Genius Group, a Bitcoin treasury company listed on NASDAQ, disclosed that it has made a strategic investment of $5 million in the digital bank Jewel Bank, acquiring a 9.9% stake in the company. It is reported that Jewel Bank is developing a dollar-pegged stablecoin, JUSD, which is planned to be backed by a 1:1 cash and U.S. Treasury reserve, aiming to launch in the second half of 2026. Additionally, it will introduce a real-time settlement system and white-label banking and stablecoin infrastructure services for enterprises. Following this investment, Genius Group will also enter the regulated digital banking and stablecoin issuance sector.

Despite Bitcoin's pullback of about 2.5% since reaching a peak of $82,800, market analysts generally believe that its overall upward structure remains intact and has re-entered the "full bull market momentum" range. Swiss wealth management firm Swissblock pointed out that Bitcoin has re-entered the price expansion range, the Bull Market Support Band has turned into support, and the 21-week EMA has crossed above the 20-week SMA, with the trend structure turning bullish again. Currently, Bitcoin's price is consolidating around $80,000, where the "real market average" and short-term holding costs constitute key support, while the realized price around $85,000 forms an upper pressure zone.Whale and institutional-led spot buying are strengthening, while the proportion of derivative speculation is decreasing. Similar structures historically correspond to sustainable upward trends. If this indicator continues to maintain positive values, it may further drive Bitcoin to continue its upward cycle. In terms of liquidity, the Stablecoin Supply Ratio (SSR) has rebounded from historical lows to a key range, indicating that stablecoin funds are flowing back into the market. This signal has corresponded to phase bottom rebounds in mid-2021, 2022, and mid-2023. Meanwhile, the Binance stablecoin supply ratio oscillation indicator (SSR Oscillator) has risen to 2.8, reaching a 12-month high, showing a significant increase in stablecoin purchasing power.On-chain activity is also strengthening. Bitcoin's daily transaction volume has increased by 116%, reaching 831,400 transactions, a 20-month high; the number of active addresses has increased by 7.1% to 707,700, and total transaction fees have grown by 37% to $279,300, indicating a significant increase in network usage activity. In terms of funding structure, the 90-day spot Taker CVD has turned into a sustained positive value, indicating that spot buying is dominating the market. Glassnode data shows that this indicator has further risen to $62 million compared to a week ago, reflecting an increase in market proactive buying sentiment.In summary, the price structure, liquidity indicators, and on-chain demand all indicate that Bitcoin is currently still in a "strong trend expansion phase," and the bull market momentum has not yet ended.

Nasdaq-listed company Coincheck Group announced a strategic investment and business cooperation agreement with Japanese telecom giant KDDI Corporation. KDDI will purchase 28,536,516 newly issued common shares of Coincheck Group at a price of $2.28 per share, with a total transaction amount of approximately $65 million. JPMorgan acted as the financial advisor, while De Brauw Blackstone Westbroek and Simpson Thacher & Bartlett LLP served as legal advisors. It is reported that both parties will collaborate to expand in the digital asset market, including revenue sharing and referral reward mechanisms.

Wintermute released a weekly market summary stating that the U.S. stock market continued its strong performance, recording a sixth consecutive week of gains, with the Nasdaq index rising 4.5% and the S&P 500 index rising 2.3%, both reaching all-time highs, while small-cap stocks and tech giants strengthened simultaneously. Non-farm payroll data exceeded expectations, with the unemployment rate stable at 4.3%, showcasing a resilient labor market. Despite the turmoil in the Strait of Hormuz, the market viewed it as noise, and the war premium has significantly receded. Iran-U.S. negotiations have returned to square one, with Iran's demands for sovereignty, compensation, and sanctions relief being directly rejected by Trump. This week's CPI data will test the transmission of energy prices to inflation, and with Powell's term ending and Waller taking over, the Fed's June FOMC dot plot will be closely watched.In terms of crypto assets, Bitcoin broke through the $80,000 mark, reaching a peak of around $83,000, marking its first time above the 200-day moving average (for the first time in seven months), but this rise was clearly driven by leverage: open interest surged by $10 billion in one month, while spot trading volume hit a two-year low, indicating a typical short squeeze rather than a healthy breakout. Institutional funding remains supportive, with ETF net inflows of $623 million and trading platform reserves hitting a seven-year low, but short-term risks are high—RSI has entered the overbought zone, and if the squeeze ends without spot trading picking up, Bitcoin's price could quickly retreat.Altcoins have shifted towards personalized narratives, with tokenization and AI computing sectors performing prominently. Overall, in the crypto market, this round of rebound needs to be quickly validated as a true bull market starting point: currently driven mainly by the stock market and leverage resonance, if CPI rises or the Fed's leadership change brings uncertainty, whether Bitcoin can independently hold above $80,000 will become a key confirmation signal.

According to the official announcement, Huobi HTX has officially launched the "Seventh Leverage Trading Competition," with a total prize pool of 30,000 USDT, to celebrate Bitcoin Pizza Day.From May 12, 18:00 to May 24, 18:00 (UTC+8), new users who complete their first leverage trade will receive a 50 USDT leverage coupon, limited to 2000 copies, first come first served; during the event, users with a leverage trading volume ≥ 1,000 USDT will receive a 5%-20% fee rebate.In addition, participating in leverage trading of BTC, ETH, DOGE, TRX, TON, ZEC, FIL, JST will have the trading volume counted as three times towards the total trading volume. Users can click on the event page [Sign Up Now] to participate.

The UK-listed company The Smarter Web Company announced that it has increased its holdings by 25 bitcoins according to its "ten-year plan," bringing the company's total bitcoin holdings to 2,830.