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On May 13, YuTree Technology announced the release of the world's first mass-produced manned mech, the GD01, on May 12. This mech is transformable, aimed at civilian use, and weighs approximately 500 kilograms. Musk responded on social media, stating, 'Very cool.'

[Musk Praises YuTree's Manned Mech GDO1]On May 13, YuTree Technology announced the release of the world's first mass-produced manned mech, the GD01, on May 12. This mech is transformable, aimed at civilian use, and weighs approximately 500 kilograms. Musk responded on social media, stating, 'Very cool.'

Musk Praises YuTree's Manned Mech GDO1

On May 13, according to the Bloomberg Billionaires Index, after accounting for previously undisclosed transactions, members of the Trump family profited approximately $1.55 billion from the sale of World Liberty Financial Inc. tokens, increasing their total wealth by about $660 million. These sales reveal a new source of income for the wealth of U.S. President Trump's family. Since the end of 2024, the Trump family has accumulated hundreds of millions in revenue through a series of cryptocurrency ventures, including Bitcoin mining and a meme coin named after Trump.

[Trump Family Members Profit Approximately $1.55 Billion from WLFI Token Sales, Total Wealth Increases by About $660 Million]On May 13, according to the Bloomberg Billionaires Index, after accounting for previously undisclosed transactions, members of the Trump family profited approximately $1.55 billion from the sale of World Liberty Financial Inc. tokens, increasing their total wealth by about $660 million. These sales reveal a new source of income for the wealth of U.S. President Trump's family. Since the end of 2024, the Trump family has accumulated hundreds of millions in revenue through a series of cryptocurrency ventures, including Bitcoin mining and a meme coin named after Trump.

Trump Family Members Profit Approximately $1.55 Billion from WLFI Token Sales, Total Wealth Increases by About $660 Million

On May 13, Aave officially announced that the initial steps of the rsETH recovery plan have been completed, including the destruction of the attackers' rsETH on Arbitrum. In the coming days, the LayerZero OFT adapter will gradually be supplemented and rsETH operations will be reopened. Kelp stated that within the next two weeks, 117,132 rsETH will be gradually transferred from the Aave Recovery Guardian and Kelp Recovery Safe to the mainnet's LayerZero OFT adapter. The rsETH on both the mainnet and L2s will always maintain full support. Kelp plans to resume operations within 24 hours after the first batch of withdrawals to the LayerZero OFT adapter, following the lifting of the suspension. All rsETH operations—deposits, redemptions, bridging, and claims—will return to normal once the contract suspension is lifted.

[Aave: Initial Steps of rsETH Recovery Plan Completed, Attackers' rsETH on Arbitrum Destroyed]On May 13, Aave officially announced that the initial steps of the rsETH recovery plan have been completed, including the destruction of the attackers' rsETH on Arbitrum. In the coming days, the LayerZero OFT adapter will gradually be supplemented and rsETH operations will be reopened. Kelp stated that within the next two weeks, 117,132 rsETH will be gradually transferred from the Aave Recovery Guardian and Kelp Recovery Safe to the mainnet's LayerZero OFT adapter. The rsETH on both the mainnet and L2s will always maintain full support. Kelp plans to resume operations within 24 hours after the first batch of withdrawals to the LayerZero OFT adapter, following the lifting of the suspension. All rsETH operations—deposits, redemptions, bridging, and claims—will return to normal once the contract suspension is lifted.

Aave: Initial Steps of rsETH Recovery Plan Completed, Attackers' rsETH on Arbitrum Destroyed

On May 13, according to monitoring by Lookonchain, after being inactive for over a year, wallet 0xB476 spent 5.81 million USDC to purchase 2,570 ETH at a price of $2,261 each, just 7 hours ago.

[Wallet Spends 5.81 Million USDC to Acquire 2,570 ETH After Over a Year of Silence]On May 13, according to monitoring by Lookonchain, after being inactive for over a year, wallet 0xB476 spent 5.81 million USDC to purchase 2,570 ETH at a price of $2,261 each, just 7 hours ago.

Wallet Spends 5.81 Million USDC to Acquire 2,570 ETH After Over a Year of Silence

On May 13, Wintermute's market report indicated that Bitcoin's rise past $80,000 was primarily driven by a short squeeze in the perpetual futures market rather than by spot demand. Over the past month, Bitcoin futures open interest increased by approximately $10 billion to $58 billion, while spot trading volume fell to a two-year low. When Bitcoin surpassed $70,000, a large number of shorts were forced to cover, triggering a buying spree that pushed prices higher. Wintermute warned that the rally, lacking support from spot demand, is fragile and the market may face a sharp reversal. In the long term, recent net inflows into spot ETFs totaled $623 million, and the exchange Bitcoin supply has dropped to a seven-year low, but these factors are insufficient to offset short-term risks. The higher-than-expected U.S. CPI data and uncertainty surrounding the Federal Reserve chair nomination may also exacerbate market pressures. Wintermute stated that while reaching $85,000 remains possible, the risk-reward ratio for buying at current levels is poor.

[Wintermute: Bitcoin's Surge Past $80,000 Driven More by Short Squeeze Than Healthy Demand]On May 13, Wintermute's market report indicated that Bitcoin's rise past $80,000 was primarily driven by a short squeeze in the perpetual futures market rather than by spot demand. Over the past month, Bitcoin futures open interest increased by approximately $10 billion to $58 billion, while spot trading volume fell to a two-year low. When Bitcoin surpassed $70,000, a large number of shorts were forced to cover, triggering a buying spree that pushed prices higher. Wintermute warned that the rally, lacking support from spot demand, is fragile and the market may face a sharp reversal. In the long term, recent net inflows into spot ETFs totaled $623 million, and the exchange Bitcoin supply has dropped to a seven-year low, but these factors are insufficient to offset short-term risks. The higher-than-expected U.S. CPI data and uncertainty surrounding the Federal Reserve chair nomination may also exacerbate market pressures. Wintermute stated that while reaching $85,000 remains possible, the risk-reward ratio for buying at current levels is poor.

Wintermute: Bitcoin's Surge Past $80,000 Driven More by Short Squeeze Than Healthy Demand

On May 13, according to Lianhe Zaobao, Trump will make a state visit to China, and the White House announced the list of 17 business leaders accompanying him on the 11th, covering sectors such as technology, finance, aviation, and agriculture, including Tesla's Musk, Apple's Cook, and Boeing's Calhoun. Nvidia CEO Jensen Huang was not invited, raising concerns. Huang had previously stated that it would be an honor to be invited to visit China. Analysts point out that his absence is primarily due to the intensified competition in the AI sector between the US and China, with Nvidia's chips caught in a dilemma of 'the US may not want to sell, and China may not want to buy,' making it difficult to secure large orders, which does not align with Trump's goal of seeking significant deals during this visit. Washington think tank researcher Fadak said that the US views AI computing power as a key competitive factor against China and is unwilling to make concessions on AI chip exports. Shen Meng from Xiangsong Capital stated that the US is using AI technology as a leverage to constrain China, while China has launched domestic chips compatible with local large models, significantly reducing the necessity for Huang to accompany Trump. Trump's visit will focus on agriculture and commercial aviation, aiming to facilitate Boeing aircraft orders while advancing the implementation of details related to the US-China Trade Committee. The trip aims to secure large orders to boost the US midterm elections, but the likelihood of replicating the $253.5 billion deal from 2017 is low. (Dongxin News Agency)

[Jensen Huang Not Accompanying Trump on China Visit: Analysis on Nvidia's Chip Order Challenges]On May 13, according to Lianhe Zaobao, Trump will make a state visit to China, and the White House announced the list of 17 business leaders accompanying him on the 11th, covering sectors such as technology, finance, aviation, and agriculture, including Tesla's Musk, Apple's Cook, and Boeing's Calhoun. Nvidia CEO Jensen Huang was not invited, raising concerns. Huang had previously stated that it would be an honor to be invited to visit China. Analysts point out that his absence is primarily due to the intensified competition in the AI sector between the US and China, with Nvidia's chips caught in a dilemma of 'the US may not want to sell, and China may not want to buy,' making it difficult to secure large orders, which does not align with Trump's goal of seeking significant deals during this visit. Washington think tank researcher Fadak said that the US views AI computing power as a key competitive factor against China and is unwilling to make concessions on AI chip exports. Shen Meng from Xiangsong Capital stated that the US is using AI technology as a leverage to constrain China, while China has launched domestic chips compatible with local large models, significantly reducing the necessity for Huang to accompany Trump. Trump's visit will focus on agriculture and commercial aviation, aiming to facilitate Boeing aircraft orders while advancing the implementation of details related to the US-China Trade Committee. The trip aims to secure large orders to boost the US midterm elections, but the likelihood of replicating the $253.5 billion deal from 2017 is low. (Dongxin News Agency)

Jensen Huang Not Accompanying Trump on China Visit: Analysis on Nvidia's Chip Order Challenges

On May 13, the U.S. Court of Appeals for the District of Columbia heard oral arguments in the conviction appeal of Roman Sterlingov, the operator of the Bitcoin mixing service Bitcoin Fog. This case tests a core theory of the U.S. Department of Justice: that global internet encryption services are subject to U.S. money transmission laws if they serve U.S. users and conduct cross-border transactions, even if the services primarily operate abroad. The defense attorney argued that the U.S. government artificially created jurisdiction by conducting a small number of transactions through undercover operations, questioning whether this standard could subject any website to U.S. law enforcement. The prosecution emphasized that Bitcoin Fog intended to serve international (including U.S.) users and must comply with U.S. regulations. The judges also raised concerns about the reliability of the FBI's analysis linking Sterlingov to the service through 'IP overlap,' suggesting it lacks scientific validation. The outcome of this case will impact similar prosecutions against developers of privacy tools like Tornado Cash and Samourai Wallet, as well as the boundaries of U.S. cross-border enforcement of cryptocurrency services.

[Bitcoin Fog Operator Appeals Conviction, A Landmark Case for U.S. Crypto Enforcement]On May 13, the U.S. Court of Appeals for the District of Columbia heard oral arguments in the conviction appeal of Roman Sterlingov, the operator of the Bitcoin mixing service Bitcoin Fog. This case tests a core theory of the U.S. Department of Justice: that global internet encryption services are subject to U.S. money transmission laws if they serve U.S. users and conduct cross-border transactions, even if the services primarily operate abroad. The defense attorney argued that the U.S. government artificially created jurisdiction by conducting a small number of transactions through undercover operations, questioning whether this standard could subject any website to U.S. law enforcement. The prosecution emphasized that Bitcoin Fog intended to serve international (including U.S.) users and must comply with U.S. regulations. The judges also raised concerns about the reliability of the FBI's analysis linking Sterlingov to the service through 'IP overlap,' suggesting it lacks scientific validation. The outcome of this case will impact similar prosecutions against developers of privacy tools like Tornado Cash and Samourai Wallet, as well as the boundaries of U.S. cross-border enforcement of cryptocurrency services.

Bitcoin Fog Operator Appeals Conviction, A Landmark Case for U.S. Crypto Enforcement

BNKR fluctuated by 52.21% within 24 hours, current price $0.00046345

【BNKR fluctuated over 50% in 24 hours!】BNKR fluctuated by 52.21% within 24 hours, current price $0.00046345

BNKR fluctuated over 50% in 24 hours!

On May 13, Aave announced that the initial steps of the rsETH technical recovery plan have been completed, which included the destruction of rsETH held by the attackers on Arbitrum. In the coming days, stakeholders will gradually replenish funds to the LayerZero OFT adapter and phase in the restart of rsETH-related operations. Kelp previously stated that it has completed a series of recovery steps for rsETH in collaboration with Aave, planning to gradually inject 117,132 rsETH from the Aave Recovery Guardian and Kelp Recovery Safe into the LayerZero OFT adapter on the Ethereum mainnet.

[Aave and Kelp Complete Initial Steps of rsETH Technical Recovery Plan, Destroying Attackers' rsETH on Arbitrum]On May 13, Aave announced that the initial steps of the rsETH technical recovery plan have been completed, which included the destruction of rsETH held by the attackers on Arbitrum. In the coming days, stakeholders will gradually replenish funds to the LayerZero OFT adapter and phase in the restart of rsETH-related operations. Kelp previously stated that it has completed a series of recovery steps for rsETH in collaboration with Aave, planning to gradually inject 117,132 rsETH from the Aave Recovery Guardian and Kelp Recovery Safe into the LayerZero OFT adapter on the Ethereum mainnet.

Aave and Kelp Complete Initial Steps of rsETH Technical Recovery Plan, Destroying Attackers' rsETH on Arbitrum

Data shows that NFT trading volume in Q2 2022 has dropped by 41%, according to the ‘2022 Q2 NFT Industry Report’ created by Footprint Analytics and published on August 7. As per the report, which summarizes and analyzes the overall data of the NFT industry for the observed period, investment capital since the year’s turn “was flowing into the NFT market for collectibles, gaming, and art” due to lower prices in the cryptocurrency market. Consequently, these positive developments “drove the NFT market to an unprecedentedly active trading volume, hitting a new high of $8.6 billion.” The report said: “However, in mid-May, the crypto market faced considerable challenges and the NFT market cooled off. NFT trading volume dropped from $19.02 billion in Q1 to $11.26 billion in Q2.”

Detail

【Non-fungible token Q2 trading volume drops 40% as interest in NFTs wanes】Data shows that NFT trading volume in Q2 2022 has dropped by 41%, according to the ‘2022 Q2 NFT Industry Report’ created by Footprint Analytics and published on August 7. As per the report, which summarizes and analyzes the overall data of the NFT industry for the observed period, investment capital since the year’s turn “was flowing into the NFT market for collectibles, gaming, and art” due to lower prices in the cryptocurrency market. Consequently, these positive developments “drove the NFT market to an unprecedentedly active trading volume, hitting a new high of $8.6 billion.” The report said: “However, in mid-May, the crypto market faced considerable challenges and the NFT market cooled off. NFT trading volume dropped from $19.02 billion in Q1 to $11.26 billion in Q2.”

Non-fungible token Q2 trading volume drops 40% as interest in NFTs wanes

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Non-fungible token Q2 trading volume drops 40% as interest in NFTs wanes

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