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On May 1, Reddit announced its performance guidance for the second quarter of 2026, expecting revenue between $715 million and $725 million, surpassing market expectations of $711.6 million. The adjusted EBITDA is projected to be between $285 million and $295 million, also above analysts' expectations of $277.1 million. Additionally, the number of active advertisers increased by 75% year-over-year, with revenue growing 69% year-over-year to $663 million, exceeding market expectations of $610.9 million. Daily active unique visitors rose by 17% year-over-year to 126.8 million, and the global average revenue per user (ARPU) increased by 44%. Reddit stated that it is continuously enhancing advertising efficiency through AI tools, including an AI copy generator for Reddit-specific scenarios, with performance-based advertising revenue now accounting for over 60% of total ad revenue.

[Reddit Releases Q2 Performance Guidance: Expected Revenue of $715 to $725 Million, Exceeding Market Expectations]On May 1, Reddit announced its performance guidance for the second quarter of 2026, expecting revenue between $715 million and $725 million, surpassing market expectations of $711.6 million. The adjusted EBITDA is projected to be between $285 million and $295 million, also above analysts' expectations of $277.1 million. Additionally, the number of active advertisers increased by 75% year-over-year, with revenue growing 69% year-over-year to $663 million, exceeding market expectations of $610.9 million. Daily active unique visitors rose by 17% year-over-year to 126.8 million, and the global average revenue per user (ARPU) increased by 44%. Reddit stated that it is continuously enhancing advertising efficiency through AI tools, including an AI copy generator for Reddit-specific scenarios, with performance-based advertising revenue now accounting for over 60% of total ad revenue.

Reddit Releases Q2 Performance Guidance: Expected Revenue of $715 to $725 Million, Exceeding Market Expectations

On May 1, Syndicate announced the results of its investigation into a previous attack, revealing that the incident stemmed from a private key leak. After obtaining the private keys, hackers upgraded cross-chain contracts on two chains, resulting in the theft of 18.5 million SYND tokens and other tokens worth $50,000 from the Commons bridge. Syndicate stated that affected users will receive full compensation of 18.5 million SYND tokens along with additional compensation. The company noted that the private keys were stored in a password manager, accessible only to a few individuals, but did not employ an additional encryption layer outside of the password manager. Furthermore, Syndicate had set up alerts and circuit breakers for the cross-chain bridge, but these did not cover upgrade scenarios. Syndicate indicated that it is taking measures to enhance security, including implementing additional encryption for developer keys outside of the password manager and further restricting access to these keys.

[Syndicate Labs Confirms Attack Originated from Private Key Leak]On May 1, Syndicate announced the results of its investigation into a previous attack, revealing that the incident stemmed from a private key leak. After obtaining the private keys, hackers upgraded cross-chain contracts on two chains, resulting in the theft of 18.5 million SYND tokens and other tokens worth $50,000 from the Commons bridge. Syndicate stated that affected users will receive full compensation of 18.5 million SYND tokens along with additional compensation. The company noted that the private keys were stored in a password manager, accessible only to a few individuals, but did not employ an additional encryption layer outside of the password manager. Furthermore, Syndicate had set up alerts and circuit breakers for the cross-chain bridge, but these did not cover upgrade scenarios. Syndicate indicated that it is taking measures to enhance security, including implementing additional encryption for developer keys outside of the password manager and further restricting access to these keys.

Syndicate Labs Confirms Attack Originated from Private Key Leak

On May 1, local time April 30, a senior U.S. government official stated that, according to the War Powers Act, 'hostilities have ended' since February 28. (Jinshi)

[U.S. Government Official: 'Hostilities Have Ended' Since February 28]On May 1, local time April 30, a senior U.S. government official stated that, according to the War Powers Act, 'hostilities have ended' since February 28. (Jinshi)

U.S. Government Official: 'Hostilities Have Ended' Since February 28

As of May 1, the blockade of the Strait of Hormuz has entered its third month, with tensions between the United States and Iran continuing to escalate. According to Reuters, a senior official from the Iranian Revolutionary Guard stated that if the US launches any new attacks on Iran, even if limited in scale, it will face 'long and painful strikes' targeting US military bases and ships in the region. Reports indicate that US President Trump will receive a briefing on new military strike options against Iran on Thursday local time. Axios also revealed that some US plans involve deploying ground troops to take control of parts of the Strait of Hormuz to restore commercial shipping. Currently, the Strait of Hormuz remains blocked, affecting approximately 20% of global oil and gas supplies, with international energy prices continuing to rise. Iran's Supreme Leader Mojtaba Khamenei stated that Iran will maintain 'absolute control' over the Strait and warned foreign powers that they 'can only be buried at the bottom of the sea.' Meanwhile, the US is pushing to form an international coalition called the 'Maritime Freedom Framework' to ensure navigation safety in the Strait after the conflict ends, but countries like France and the UK have only expressed willingness to participate in related actions after a ceasefire. UN Secretary-General António Guterres warned that if the Strait of Hormuz remains blocked for an extended period, global economic growth will significantly slow down, potentially triggering more severe inflation and food crises.

[Hormuz Blockade Enters Third Month: US Plans New Military Action, Iran Warns of 'Long and Painful Strikes']As of May 1, the blockade of the Strait of Hormuz has entered its third month, with tensions between the United States and Iran continuing to escalate. According to Reuters, a senior official from the Iranian Revolutionary Guard stated that if the US launches any new attacks on Iran, even if limited in scale, it will face 'long and painful strikes' targeting US military bases and ships in the region. Reports indicate that US President Trump will receive a briefing on new military strike options against Iran on Thursday local time. Axios also revealed that some US plans involve deploying ground troops to take control of parts of the Strait of Hormuz to restore commercial shipping. Currently, the Strait of Hormuz remains blocked, affecting approximately 20% of global oil and gas supplies, with international energy prices continuing to rise. Iran's Supreme Leader Mojtaba Khamenei stated that Iran will maintain 'absolute control' over the Strait and warned foreign powers that they 'can only be buried at the bottom of the sea.' Meanwhile, the US is pushing to form an international coalition called the 'Maritime Freedom Framework' to ensure navigation safety in the Strait after the conflict ends, but countries like France and the UK have only expressed willingness to participate in related actions after a ceasefire. UN Secretary-General António Guterres warned that if the Strait of Hormuz remains blocked for an extended period, global economic growth will significantly slow down, potentially triggering more severe inflation and food crises.

Hormuz Blockade Enters Third Month: US Plans New Military Action, Iran Warns of 'Long and Painful Strikes'

On May 1, Tesla updated its report from last year, stating that it generated over $500 million in revenue from sales to SpaceX and xAI. In January, Tesla disclosed that its business dealings with xAI amounted to approximately $430.1 million. The updated report on Thursday indicated that Tesla earned an additional $143.3 million from SpaceX.

[Tesla's Sales to SpaceX and xAI Exceeded $500 Million Last Year]On May 1, Tesla updated its report from last year, stating that it generated over $500 million in revenue from sales to SpaceX and xAI. In January, Tesla disclosed that its business dealings with xAI amounted to approximately $430.1 million. The updated report on Thursday indicated that Tesla earned an additional $143.3 million from SpaceX.

Tesla's Sales to SpaceX and xAI Exceeded $500 Million Last Year

On May 1, according to reports from Iran, Iranian Foreign Ministry spokesman Baghaei stated that expecting quick results from negotiations between Iran and the United States is unrealistic. Baghaei emphasized that after 47 years since the victory of the Islamic Revolution, Iran has accumulated deep distrust and skepticism towards U.S. actions. He stressed that it should not be expected that negotiations will yield results in a short time, stating, 'After all, this is an extremely bloody war.' He pointed out that the U.S. and Israel are 'extremely brutal,' as evidenced by the conflicts in Gaza and Lebanon over the past two and a half years. Baghaei said, 'In this situation, regardless of who the mediator is, it is unrealistic to expect an agreement in a short time.' (CCTV)

[Iranian Foreign Ministry: Expecting Quick Results from Iran-U.S. Negotiations is Unrealistic]On May 1, according to reports from Iran, Iranian Foreign Ministry spokesman Baghaei stated that expecting quick results from negotiations between Iran and the United States is unrealistic. Baghaei emphasized that after 47 years since the victory of the Islamic Revolution, Iran has accumulated deep distrust and skepticism towards U.S. actions. He stressed that it should not be expected that negotiations will yield results in a short time, stating, 'After all, this is an extremely bloody war.' He pointed out that the U.S. and Israel are 'extremely brutal,' as evidenced by the conflicts in Gaza and Lebanon over the past two and a half years. Baghaei said, 'In this situation, regardless of who the mediator is, it is unrealistic to expect an agreement in a short time.' (CCTV)

Iranian Foreign Ministry: Expecting Quick Results from Iran-U.S. Negotiations is Unrealistic

On May 1, French AI startup Mistral AI released its next-generation open-source model, Mistral Medium 3.5, on April 29. This model features a 128 billion parameter dense architecture and is accompanied by the launch of the remote coding agent tool Mistral Vibe CLI and the multi-step AI Agent functionality of Le Chat. Official data shows that Mistral Medium 3.5 scored 77.6% on the SWE-Bench Verified programming benchmark and supports unified reasoning and coding capabilities. However, its API pricing, which reaches $1.50 per million input tokens and $7.50 per output token, is significantly higher than that of Chinese open-source models, leading to widespread skepticism in the community. Currently, the top positions in the open-source model rankings are dominated by Chinese models such as Alibaba's Qwen, Zhipu GLM, and Xiaomi's MiMo-V2. Notably, Qwen 3.6 has only 27 billion parameters but has achieved a score of 72.4% on SWE-Bench and is completely open-source and free. Nevertheless, some developers believe that Mistral's greatest value lies in its European identity, being 'non-American, non-Chinese.' Due to compliance with GDPR and local deployment requirements in Europe, its models have been utilized for privatized deployment by large European institutions, including HSBC. Market perspectives suggest that Mistral's competitiveness stems more from geopolitical factors and corporate compliance rather than pure model performance.

[French AI Company Mistral AI Launches Open Source Model Mistral Medium 3.5, Market Response Tepid]On May 1, French AI startup Mistral AI released its next-generation open-source model, Mistral Medium 3.5, on April 29. This model features a 128 billion parameter dense architecture and is accompanied by the launch of the remote coding agent tool Mistral Vibe CLI and the multi-step AI Agent functionality of Le Chat. Official data shows that Mistral Medium 3.5 scored 77.6% on the SWE-Bench Verified programming benchmark and supports unified reasoning and coding capabilities. However, its API pricing, which reaches $1.50 per million input tokens and $7.50 per output token, is significantly higher than that of Chinese open-source models, leading to widespread skepticism in the community. Currently, the top positions in the open-source model rankings are dominated by Chinese models such as Alibaba's Qwen, Zhipu GLM, and Xiaomi's MiMo-V2. Notably, Qwen 3.6 has only 27 billion parameters but has achieved a score of 72.4% on SWE-Bench and is completely open-source and free. Nevertheless, some developers believe that Mistral's greatest value lies in its European identity, being 'non-American, non-Chinese.' Due to compliance with GDPR and local deployment requirements in Europe, its models have been utilized for privatized deployment by large European institutions, including HSBC. Market perspectives suggest that Mistral's competitiveness stems more from geopolitical factors and corporate compliance rather than pure model performance.

French AI Company Mistral AI Launches Open Source Model Mistral Medium 3.5, Market Response Tepid

On May 1, the U.S. Senate unanimously passed a new rule proposed by Ohio Republican Senator Bernie Moreno, prohibiting senators and their staff from participating in prediction market betting, with the restrictions taking effect immediately. According to the new rule, lawmakers are barred from engaging in any contracts or agreements that involve payments, trading, or settlement based on whether specific events occur and the extent of their outcomes, covering speculative activities such as political prediction markets. Moreno stated, "Members of Congress should not be receiving taxpayer salaries while engaging in speculative activities like prediction markets." In recent years, the popularity of political prediction markets has surged, with platforms like Polymarket facing scrutiny over insider trading controversies and regulatory issues. Polymarket responded by expressing support for the Senate's action and noted that its platform rules already prohibit such activities, stating, "Writing it into law is a step forward for the industry."

[U.S. Senate Bans Members and Staff from Participating in Prediction Market Betting]On May 1, the U.S. Senate unanimously passed a new rule proposed by Ohio Republican Senator Bernie Moreno, prohibiting senators and their staff from participating in prediction market betting, with the restrictions taking effect immediately. According to the new rule, lawmakers are barred from engaging in any contracts or agreements that involve payments, trading, or settlement based on whether specific events occur and the extent of their outcomes, covering speculative activities such as political prediction markets. Moreno stated, "Members of Congress should not be receiving taxpayer salaries while engaging in speculative activities like prediction markets." In recent years, the popularity of political prediction markets has surged, with platforms like Polymarket facing scrutiny over insider trading controversies and regulatory issues. Polymarket responded by expressing support for the Senate's action and noted that its platform rules already prohibit such activities, stating, "Writing it into law is a step forward for the industry."

U.S. Senate Bans Members and Staff from Participating in Prediction Market Betting

On May 1, Bitwise Chief Investment Officer Matt Hougan stated that institutional adoption of Bitcoin is accelerating, driven by ETFs and large institutions such as Morgan Stanley and Goldman Sachs. He also explained the factors that could lead to a significant increase in Bitcoin prices in the next bull market.

[Bitwise CIO: Institutional Adoption of Bitcoin is Accelerating and Will Drive the Next Bull Market]On May 1, Bitwise Chief Investment Officer Matt Hougan stated that institutional adoption of Bitcoin is accelerating, driven by ETFs and large institutions such as Morgan Stanley and Goldman Sachs. He also explained the factors that could lead to a significant increase in Bitcoin prices in the next bull market.

Bitwise CIO: Institutional Adoption of Bitcoin is Accelerating and Will Drive the Next Bull Market

On April 30, Morgan Stanley stated that it expects the Federal Reserve to maintain interest rates unchanged in 2026, having previously predicted rate cuts in September and December. The current expectation is that the Fed will cut rates by 25 basis points in January and March of 2027. (Dongxin News Agency)

[Morgan Stanley: Fed Expected to Keep Rates Unchanged in 2026]On April 30, Morgan Stanley stated that it expects the Federal Reserve to maintain interest rates unchanged in 2026, having previously predicted rate cuts in September and December. The current expectation is that the Fed will cut rates by 25 basis points in January and March of 2027. (Dongxin News Agency)

Morgan Stanley: Fed Expected to Keep Rates Unchanged in 2026

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