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On May 13, The Block reported that the KRWQ stablecoin, pegged to the South Korean won, has announced its expansion to the Solana network, aiming to support on-chain liquidity in won. KRWQ was created in collaboration between IQ Company and Frax, and the team stated that this deployment will make it a core settlement asset for won liquidity on Solana. KRWQ will support various trading applications denominated in won on Solana, including perpetual futures, on-chain foreign exchange markets, arbitrage strategies, cross-margin trading between won and US dollar stablecoins, as well as institutional and algorithmic trading systems.

[KRWQ Stablecoin Expands to Solana Network]On May 13, The Block reported that the KRWQ stablecoin, pegged to the South Korean won, has announced its expansion to the Solana network, aiming to support on-chain liquidity in won. KRWQ was created in collaboration between IQ Company and Frax, and the team stated that this deployment will make it a core settlement asset for won liquidity on Solana. KRWQ will support various trading applications denominated in won on Solana, including perpetual futures, on-chain foreign exchange markets, arbitrage strategies, cross-margin trading between won and US dollar stablecoins, as well as institutional and algorithmic trading systems.

KRWQ Stablecoin Expands to Solana Network

On May 13, OpenAI's official status page indicated that the company is investigating multiple service outages, with the Codex 5.5 engine experiencing a high error rate. Free users are particularly affected, and all Codex users have reported increased latency with GPT 5.5. Additionally, the Realtime API's SIP/WebRTC processes have been interrupted, which has been marked as 'under investigation' by the official team, with related issues persisting for several hours. The website notes that the impact of the outages varies based on subscription level and the models and features used.

[OpenAI Services Experience Outages Affecting API and Codex Usage]On May 13, OpenAI's official status page indicated that the company is investigating multiple service outages, with the Codex 5.5 engine experiencing a high error rate. Free users are particularly affected, and all Codex users have reported increased latency with GPT 5.5. Additionally, the Realtime API's SIP/WebRTC processes have been interrupted, which has been marked as 'under investigation' by the official team, with related issues persisting for several hours. The website notes that the impact of the outages varies based on subscription level and the models and features used.

OpenAI Services Experience Outages Affecting API and Codex Usage

SYS fluctuated by 50.7% within 24 hours, current price $0.0072

【SYS fluctuated over 50% in 24 hours!】SYS fluctuated by 50.7% within 24 hours, current price $0.0072

SYS fluctuated over 50% in 24 hours!

According to The New York Times, venture capital firm Andreessen Horowitz (a16z) and its co-founders Marc Andreessen and Ben Horowitz have disclosed over $115 million in federal donations during the current midterm election cycle, surpassing George Soros ($102.9 million), Elon Musk ($85 million), and Jeff Yass ($81.8 million), making them the largest known political donor in this election cycle. Compared to the approximately $63 million donated in the 2024 election cycle, this round of donations marks a significant increase. Notably, on November 6, 2024 (the day after the election), a16z injected over $23 million into a major super PAC in the cryptocurrency industry, indicating a clear long-term strategic intent in their political positioning.

[a16z Becomes Largest Donor in Current U.S. Midterm Elections, Disclosing Over $115 Million in Federal Donations]According to The New York Times, venture capital firm Andreessen Horowitz (a16z) and its co-founders Marc Andreessen and Ben Horowitz have disclosed over $115 million in federal donations during the current midterm election cycle, surpassing George Soros ($102.9 million), Elon Musk ($85 million), and Jeff Yass ($81.8 million), making them the largest known political donor in this election cycle. Compared to the approximately $63 million donated in the 2024 election cycle, this round of donations marks a significant increase. Notably, on November 6, 2024 (the day after the election), a16z injected over $23 million into a major super PAC in the cryptocurrency industry, indicating a clear long-term strategic intent in their political positioning.

a16z Becomes Largest Donor in Current U.S. Midterm Elections, Disclosing Over $115 Million in Federal Donations

On May 13, Morgan Stanley raised its year-end target for the S&P 500 index to 8000 for 2026, up from the previous target of 7800. (Jin Shi)

[Morgan Stanley Raises S&P 500 Year-End Target to 8000 for 2026]On May 13, Morgan Stanley raised its year-end target for the S&P 500 index to 8000 for 2026, up from the previous target of 7800. (Jin Shi)

Morgan Stanley Raises S&P 500 Year-End Target to 8000 for 2026

On May 13, Ronin announced that it has completed its migration to the Ethereum ecosystem, officially becoming an Ethereum Layer 2 network built on the OP Stack. Ronin stated that it retains RON as the gas token, with minimal downtime during the process. Ronin also announced a significant adjustment to the RON token economic model. The annual token release amount has been reduced from 45 million to 5 million, a decrease of approximately 9 times, resulting in a current annual inflation rate of about 1.2%. Future new token rewards will be directly allocated to ecosystem builders through a new 'Proof of Distribution' mechanism. Additionally, Ronin's treasury has introduced three new sources of revenue, including the remaining 90 million RON staking rewards, Sequencer net profits, and a 1.25% fee revenue from the Ronin Marketplace (previously 0.5%). Ronin stated that this migration not only signifies access to Ethereum's security and liquidity but will also bring its Web3 gaming ecosystem and millions of blockchain game users back to the Ethereum ecosystem.

[Ronin Completes Migration to Ethereum L2, RON Annual Inflation Rate Decreases by Approximately 9 Times]On May 13, Ronin announced that it has completed its migration to the Ethereum ecosystem, officially becoming an Ethereum Layer 2 network built on the OP Stack. Ronin stated that it retains RON as the gas token, with minimal downtime during the process. Ronin also announced a significant adjustment to the RON token economic model. The annual token release amount has been reduced from 45 million to 5 million, a decrease of approximately 9 times, resulting in a current annual inflation rate of about 1.2%. Future new token rewards will be directly allocated to ecosystem builders through a new 'Proof of Distribution' mechanism. Additionally, Ronin's treasury has introduced three new sources of revenue, including the remaining 90 million RON staking rewards, Sequencer net profits, and a 1.25% fee revenue from the Ronin Marketplace (previously 0.5%). Ronin stated that this migration not only signifies access to Ethereum's security and liquidity but will also bring its Web3 gaming ecosystem and millions of blockchain game users back to the Ethereum ecosystem.

Ronin Completes Migration to Ethereum L2, RON Annual Inflation Rate Decreases by Approximately 9 Times

On May 13, Tencent Holdings (00700.HK) released its financial report, mentioning that its AI research and development team has restructured its AI infrastructure and built the Hy3 preview model, which outperforms other models of similar parameter scale, combining practicality and cost-effectiveness. Since April 28, it has consistently ranked high in token consumption on the OpenRouter leaderboard.

[Tencent: Hy3 Preview Model Ranks High in Token Consumption]On May 13, Tencent Holdings (00700.HK) released its financial report, mentioning that its AI research and development team has restructured its AI infrastructure and built the Hy3 preview model, which outperforms other models of similar parameter scale, combining practicality and cost-effectiveness. Since April 28, it has consistently ranked high in token consumption on the OpenRouter leaderboard.

Tencent: Hy3 Preview Model Ranks High in Token Consumption

On May 13, the International Energy Agency (IEA) warned that global oil inventories are declining at a record pace, and ongoing turmoil from the Iran conflict could lead to further spikes in oil prices. In April, crude oil and refined product inventories fell by nearly 4 million barrels per day—equivalent to the total consumption of the UK and Germany—potentially weakening countries' ability to cope with supply shocks. The report stated: "World oil inventories are declining at a record pace as importing countries face unprecedented disruptions in Middle Eastern oil supply." It added, "With ongoing disruptions, buffer space is rapidly shrinking, which could signal future price surges." (Jin Shi)

[IEA: Global Oil Inventories Decline at Record Pace, Prices May Surge Further]On May 13, the International Energy Agency (IEA) warned that global oil inventories are declining at a record pace, and ongoing turmoil from the Iran conflict could lead to further spikes in oil prices. In April, crude oil and refined product inventories fell by nearly 4 million barrels per day—equivalent to the total consumption of the UK and Germany—potentially weakening countries' ability to cope with supply shocks. The report stated: "World oil inventories are declining at a record pace as importing countries face unprecedented disruptions in Middle Eastern oil supply." It added, "With ongoing disruptions, buffer space is rapidly shrinking, which could signal future price surges." (Jin Shi)

IEA: Global Oil Inventories Decline at Record Pace, Prices May Surge Further

PHB fluctuated by 56.66% within 24 hours, current price $0.0944

【PHB24-hour fluctuation exceeds 50%!】PHB fluctuated by 56.66% within 24 hours, current price $0.0944

PHB24-hour fluctuation exceeds 50%!

According to Reuters, Brazilian brokerage XP Inc expects to open its digital assets trading platform to clients by mid-August, initially offering bitcoin and ether but with plans to expand it by the end of this year, Lucas Rabechini, the company's director of financial products said. XP currently has 3.6 million customers, but said crypto trading will comply with eligibility rules such as the amount of risk each client is willing to take. Rabechini also said that "by the end of December and the beginning of next year" there will be an additional 10 cryptoassets available for trading.

Detail

【Brazil's XP Inc to open crypto platform to clients in August】According to Reuters, Brazilian brokerage XP Inc expects to open its digital assets trading platform to clients by mid-August, initially offering bitcoin and ether but with plans to expand it by the end of this year, Lucas Rabechini, the company's director of financial products said. XP currently has 3.6 million customers, but said crypto trading will comply with eligibility rules such as the amount of risk each client is willing to take. Rabechini also said that "by the end of December and the beginning of next year" there will be an additional 10 cryptoassets available for trading.

Brazil's XP Inc to open crypto platform to clients in August

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Article

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

Commonwealth Bank of Australia Forecasts US CPI: Core Inflation May Exceed Market Consensus

Brazil's XP Inc to open crypto platform to clients in August

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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