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On May 13, the on-chain financial application Legend announced that it will gradually shut down its company and product services. The team stated that Legend initially aimed to make DeFi's cross-chain exchange, yield generation, and payment functions more accessible to mainstream users through a simpler product interface. Although the product attracted a number of genuine users, the growth scale did not reach the level required for long-term sustainable operation, making the decision to close the business the most appropriate for the team and investors. 
Legend indicated that its biggest lesson learned is that mainstream users do not care whether a product is 'on-chain'; they are more concerned about yields, faster payment experiences, and greater control over their funds. The team believes that truly successful products do not explain cryptographic technology to users but rather completely hide it behind the experience. According to the announcement, Legend has stopped new user registrations, and existing users must complete fund withdrawals before the application closes on July 12. The official team will continue to remind users to withdraw their funds via email and notifications over the next 60 days and will retain relevant documentation pages for a period after the closure.

[Legend Announces Business Closure, Operations to Cease on July 12]On May 13, the on-chain financial application Legend announced that it will gradually shut down its company and product services. The team stated that Legend initially aimed to make DeFi's cross-chain exchange, yield generation, and payment functions more accessible to mainstream users through a simpler product interface. Although the product attracted a number of genuine users, the growth scale did not reach the level required for long-term sustainable operation, making the decision to close the business the most appropriate for the team and investors. 
Legend indicated that its biggest lesson learned is that mainstream users do not care whether a product is 'on-chain'; they are more concerned about yields, faster payment experiences, and greater control over their funds. The team believes that truly successful products do not explain cryptographic technology to users but rather completely hide it behind the experience. According to the announcement, Legend has stopped new user registrations, and existing users must complete fund withdrawals before the application closes on July 12. The official team will continue to remind users to withdraw their funds via email and notifications over the next 60 days and will retain relevant documentation pages for a period after the closure.

Legend Announces Business Closure, Operations to Cease on July 12

On May 13, local time Tuesday (12th), former Fed dove and Chicago Fed President Goolsbee stated during a chamber of commerce speech that last month's consumer inflation report from the government was disappointing. The data indicates that inflationary pressures are not solely driven by rising prices related to oil and tariffs; there are broader price pressures in the market. He specifically mentioned the unexpected rise in service sector inflation. He stated, 'Inflation is heading in the wrong direction, and this erroneous trend is not only reflected in oil-related aspects but also not solely in tariff-related aspects.' (Dongxin News Agency)

[Former Fed Dove: Inflation Trends Unrelated to Tariffs and Oil]On May 13, local time Tuesday (12th), former Fed dove and Chicago Fed President Goolsbee stated during a chamber of commerce speech that last month's consumer inflation report from the government was disappointing. The data indicates that inflationary pressures are not solely driven by rising prices related to oil and tariffs; there are broader price pressures in the market. He specifically mentioned the unexpected rise in service sector inflation. He stated, 'Inflation is heading in the wrong direction, and this erroneous trend is not only reflected in oil-related aspects but also not solely in tariff-related aspects.' (Dongxin News Agency)

Former Fed Dove: Inflation Trends Unrelated to Tariffs and Oil

On May 13, both U.S. and Brent crude oil prices fell by $0.3 in the short term, with WTI crude oil down by 1.26% and Brent crude oil down by 1%, currently priced at $104.22 per barrel. (Dongxin News Agency)

[U.S. and Brent Oil Prices Drop by 1%]On May 13, both U.S. and Brent crude oil prices fell by $0.3 in the short term, with WTI crude oil down by 1.26% and Brent crude oil down by 1%, currently priced at $104.22 per barrel. (Dongxin News Agency)

U.S. and Brent Oil Prices Drop by 1%

On May 13, according to Nikkei News, Japan's three major banks are expected to gain access to Claude Mythos, a powerful AI model developed by the American startup Anthropic, as early as the end of May.

[Japan's Three Major Banks to Obtain Access to Claude Mythos by Late May]On May 13, according to Nikkei News, Japan's three major banks are expected to gain access to Claude Mythos, a powerful AI model developed by the American startup Anthropic, as early as the end of May.

Japan's Three Major Banks to Obtain Access to Claude Mythos by Late May

On May 13, according to monitoring by Trader T, the U.S. spot Ethereum ETF experienced a net outflow of $130.6 million yesterday.

[U.S. Spot Ethereum ETF Sees Net Outflow of $130.6 Million Yesterday]On May 13, according to monitoring by Trader T, the U.S. spot Ethereum ETF experienced a net outflow of $130.6 million yesterday.

U.S. Spot Ethereum ETF Sees Net Outflow of $130.6 Million Yesterday

On May 13, according to Business Insider, former OpenAI researcher and current head of the AI Future Project, Daniel Kokotajlo, stated that the AI industry is racing to build systems that companies themselves do not fully understand or control. He explained that the core issue facing AI companies is the 'alignment' problem, which involves ensuring that future AI systems can reliably follow human instructions and values, even as their capabilities surpass those of humans in many areas. He noted that researchers currently do not fully understand how advanced AI models make decisions internally, and this uncertainty makes it difficult to ensure that future systems are truly 'aligned' and can stably execute the goals that humans wish for them to accomplish. 'This can be said to be somewhat of an open secret, but we do not yet have a truly viable solution,' he said regarding the implementation of AI alignment. 'Once superintelligence is created, humanity will no longer be the dominant force on this planet, at least not the default dominant force.'

[Former OpenAI Researcher Reveals 'Open Secret': Humanity is Creating Uncontrollable AI]On May 13, according to Business Insider, former OpenAI researcher and current head of the AI Future Project, Daniel Kokotajlo, stated that the AI industry is racing to build systems that companies themselves do not fully understand or control. He explained that the core issue facing AI companies is the 'alignment' problem, which involves ensuring that future AI systems can reliably follow human instructions and values, even as their capabilities surpass those of humans in many areas. He noted that researchers currently do not fully understand how advanced AI models make decisions internally, and this uncertainty makes it difficult to ensure that future systems are truly 'aligned' and can stably execute the goals that humans wish for them to accomplish. 'This can be said to be somewhat of an open secret, but we do not yet have a truly viable solution,' he said regarding the implementation of AI alignment. 'Once superintelligence is created, humanity will no longer be the dominant force on this planet, at least not the default dominant force.'

Former OpenAI Researcher Reveals 'Open Secret': Humanity is Creating Uncontrollable AI

On May 13, the on-chain financial application Legend announced that it will gradually shut down its company and product services. The team stated that Legend initially aimed to make it easier for mainstream users to access DeFi's cross-chain exchanges, yield generation, and payment functions through a simpler product interface. Although the product gained a number of genuine users, its growth did not reach the level necessary for long-term sustainable operations, making the decision to close the business the most appropriate for the team and investors. Legend indicated that its biggest lesson learned is that mainstream users do not care whether a product is 'on-chain'; they are more concerned with yields, faster payment experiences, and greater control over their funds. The team believes that truly successful products do not explain cryptocurrency technology to users but instead completely hide it behind the experience. According to the announcement, Legend has stopped new user registrations, and existing users must complete fund withdrawals before the application closes on July 12. The official team will continue to remind users to withdraw their funds via email and notifications over the next 60 days and will retain relevant documentation pages for a period after the closure.

[Legend Announces Business Closure, Operations to Cease on July 12]On May 13, the on-chain financial application Legend announced that it will gradually shut down its company and product services. The team stated that Legend initially aimed to make it easier for mainstream users to access DeFi's cross-chain exchanges, yield generation, and payment functions through a simpler product interface. Although the product gained a number of genuine users, its growth did not reach the level necessary for long-term sustainable operations, making the decision to close the business the most appropriate for the team and investors. Legend indicated that its biggest lesson learned is that mainstream users do not care whether a product is 'on-chain'; they are more concerned with yields, faster payment experiences, and greater control over their funds. The team believes that truly successful products do not explain cryptocurrency technology to users but instead completely hide it behind the experience. According to the announcement, Legend has stopped new user registrations, and existing users must complete fund withdrawals before the application closes on July 12. The official team will continue to remind users to withdraw their funds via email and notifications over the next 60 days and will retain relevant documentation pages for a period after the closure.

On May 13, according to official news, Charles Schwab is gradually rolling out crypto accounts to retail clients. Starting today, the first batch of clients can trade Bitcoin and Ethereum on the Charles Schwab platform and manage them alongside other investment products.

[Charles Schwab Launches Crypto Accounts for Retail Clients, Supporting BTC and ETH Trading]On May 13, according to official news, Charles Schwab is gradually rolling out crypto accounts to retail clients. Starting today, the first batch of clients can trade Bitcoin and Ethereum on the Charles Schwab platform and manage them alongside other investment products.

Charles Schwab Launches Crypto Accounts for Retail Clients, Supporting BTC and ETH Trading

SD fluctuated by 69.66% within 24 hours, current price $0.2107

【SD24-hour fluctuation exceeds 50%!】SD fluctuated by 69.66% within 24 hours, current price $0.2107

SD24-hour fluctuation exceeds 50%!

According to monitoring by Dongcha Beating, OpenAI announced a modification to its cooperation agreement with Microsoft two weeks ago. The Information exclusively revealed hidden financial details: the total revenue share cap that OpenAI pays to Microsoft is locked at $38 billion. Based on current revenue growth rates, OpenAI expects to reach this cap by 2028. Compared to the previous unlimited '20% revenue share' plan, the new agreement saves OpenAI approximately $97 billion in the long run. However, this long-term savings comes at the cost of short-term cash flow pressure. The new agreement eliminates OpenAI's previous privilege of deferring part of the revenue share payment until 2032. Based on this year's expected revenue of $30 billion, OpenAI must pay Microsoft approximately $6 billion in full this year, nearly $4 billion more than previously expected. As a result, OpenAI's cash consumption expectations for this year and next have been raised to approximately $27 billion and $63 billion, respectively. Microsoft has given up hundreds of billions in potential revenue caps in exchange for the certainty of mitigating 'AGI risk.' The original agreement stipulated that once OpenAI announced the achievement of AGI, Microsoft's commercialization rights would be severed. The new agreement clarifies that regardless of when AGI arrives, Microsoft will proportionally receive revenue shares until 2030 and retain resale rights to OpenAI's technology until 2032.

[OpenAI Caps Microsoft Revenue Share at $38 Billion, Saving $97 Billion Long-Term but Pressuring Short-Term Cash Flow]According to monitoring by Dongcha Beating, OpenAI announced a modification to its cooperation agreement with Microsoft two weeks ago. The Information exclusively revealed hidden financial details: the total revenue share cap that OpenAI pays to Microsoft is locked at $38 billion. Based on current revenue growth rates, OpenAI expects to reach this cap by 2028. Compared to the previous unlimited '20% revenue share' plan, the new agreement saves OpenAI approximately $97 billion in the long run. However, this long-term savings comes at the cost of short-term cash flow pressure. The new agreement eliminates OpenAI's previous privilege of deferring part of the revenue share payment until 2032. Based on this year's expected revenue of $30 billion, OpenAI must pay Microsoft approximately $6 billion in full this year, nearly $4 billion more than previously expected. As a result, OpenAI's cash consumption expectations for this year and next have been raised to approximately $27 billion and $63 billion, respectively. Microsoft has given up hundreds of billions in potential revenue caps in exchange for the certainty of mitigating 'AGI risk.' The original agreement stipulated that once OpenAI announced the achievement of AGI, Microsoft's commercialization rights would be severed. The new agreement clarifies that regardless of when AGI arrives, Microsoft will proportionally receive revenue shares until 2030 and retain resale rights to OpenAI's technology until 2032.

OpenAI Caps Microsoft Revenue Share at $38 Billion, Saving $97 Billion Long-Term but Pressuring Short-Term Cash Flow

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OpenAI Caps Microsoft Revenue Share at $38 Billion, Saving $97 Billion Long-Term but Pressuring Short-Term Cash Flow

Descargo de responsabilidad：El contenido anterior no representa las posiciones de HTX.，HTX no ofrece ninguna recomendación de trading.。

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