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OpenAI will acquire consulting firm TOMORO to establish a private equity joint venture. OpenAI will collaborate with TPG and Brookfield to create the new joint venture, aimed at advancing artificial intelligence applications.

[OpenAI to Acquire Consulting Firm TOMORO to Establish Private Equity Joint Venture]OpenAI will acquire consulting firm TOMORO to establish a private equity joint venture. OpenAI will collaborate with TPG and Brookfield to create the new joint venture, aimed at advancing artificial intelligence applications.

OpenAI to Acquire Consulting Firm TOMORO to Establish Private Equity Joint Venture

AI startup Ciridae has announced the completion of a $20 million seed funding round, with Accel leading the investment, and participation from Andreessen Horowitz and General Catalyst. Ciridae focuses on providing AI-restructured business systems for mid-sized private companies in the U.S., such as those in construction, home services, and industrial distribution. The aim is to assist these businesses in upgrading their operations despite a lack of digital capabilities, with a goal of bringing AI capabilities to small and medium-sized enterprises in the 'real economy.'

[Ciridae Completes $20 Million Seed Funding Round Led by Accel]AI startup Ciridae has announced the completion of a $20 million seed funding round, with Accel leading the investment, and participation from Andreessen Horowitz and General Catalyst. Ciridae focuses on providing AI-restructured business systems for mid-sized private companies in the U.S., such as those in construction, home services, and industrial distribution. The aim is to assist these businesses in upgrading their operations despite a lack of digital capabilities, with a goal of bringing AI capabilities to small and medium-sized enterprises in the 'real economy.'

Ciridae Completes $20 Million Seed Funding Round Led by Accel

On May 11, Saudi Aramco CEO stated on Monday that if the current disruption in the Strait of Hormuz continues and remains closed, the global oil market will lose approximately 10 million barrels of supply each week. He added, "As long as the supply disruption in the Strait of Hormuz persists, we expect demand rationing to continue. If trade and shipping return to normal, a very strong rebound in demand growth is anticipated."

[Saudi Aramco CEO: Closure of Strait of Hormuz Could Result in Weekly Loss of 10 Million Barrels in Global Oil Supply]On May 11, Saudi Aramco CEO stated on Monday that if the current disruption in the Strait of Hormuz continues and remains closed, the global oil market will lose approximately 10 million barrels of supply each week. He added, "As long as the supply disruption in the Strait of Hormuz persists, we expect demand rationing to continue. If trade and shipping return to normal, a very strong rebound in demand growth is anticipated."

Saudi Aramco CEO: Closure of Strait of Hormuz Could Result in Weekly Loss of 10 Million Barrels in Global Oil Supply

On May 11, according to EmberCN monitoring, the world's largest Bitcoin treasury company, Strategy, increased its holdings by 535 BTC at an average price of approximately $80,300 last week, totaling about $43 million. Currently, it holds a total of 818,869 BTC, with a holding cost of approximately $61.86 billion, resulting in unrealized gains of about $4.54 billion, representing a return of approximately 7.3%. In contrast, the largest Ethereum treasury company, Bitmine Immersion Technologies, increased its holdings by 26,659 ETH at an average price of approximately $2,331 last week, totaling about $62.14 million. The company currently holds a total of 5,206,790 ETH, with a market value of approximately $12.13 billion. However, due to an average holding cost as high as $3,539, it currently faces overall unrealized losses of about $6.297 billion, with a loss rate of approximately 34.1%. Notably, Bitmine has used about 90% of its ETH (approximately 4.713 million ETH) for Ethereum staking to earn on-chain rewards.

[Analysis: Strategy's Total Unrealized Gains Approximately $4.54 Billion, Bitmine's Total Unrealized Losses Nearly $6.3 Billion]On May 11, according to EmberCN monitoring, the world's largest Bitcoin treasury company, Strategy, increased its holdings by 535 BTC at an average price of approximately $80,300 last week, totaling about $43 million. Currently, it holds a total of 818,869 BTC, with a holding cost of approximately $61.86 billion, resulting in unrealized gains of about $4.54 billion, representing a return of approximately 7.3%. In contrast, the largest Ethereum treasury company, Bitmine Immersion Technologies, increased its holdings by 26,659 ETH at an average price of approximately $2,331 last week, totaling about $62.14 million. The company currently holds a total of 5,206,790 ETH, with a market value of approximately $12.13 billion. However, due to an average holding cost as high as $3,539, it currently faces overall unrealized losses of about $6.297 billion, with a loss rate of approximately 34.1%. Notably, Bitmine has used about 90% of its ETH (approximately 4.713 million ETH) for Ethereum staking to earn on-chain rewards.

Analysis: Strategy's Total Unrealized Gains Approximately $4.54 Billion, Bitmine's Total Unrealized Losses Nearly $6.3 Billion

On May 11, as the AI craze continues to boost the semiconductor sector, U.S. chip stocks have surged approximately 60% over the past six weeks. However, several institutions have begun to warn that the market is approaching a 'parabolic rise' phase. Meanwhile, a significant amount of previously sidelined retail funds has recently flowed back into technology and chip stocks. According to data from JPMorgan, retail buying power for tech stocks in the U.S. reached its highest level in the past year last week, with AI-related memory chips and hardware companies being the most sought after. Driven by this influx of capital, the majority of SOX component stocks are currently above their 200-day moving average, with some technical indicators even exceeding levels seen during the 1999 internet bubble. Dave Mazza, CEO of Roundhill Financial, stated that the demand for AI infrastructure has indeed been validated during earnings season, but the market is paying increasingly high prices for 'perfect expectations.' He warned that the ongoing high-level chasing is bringing the semiconductor market closer to an uncontrollable parabolic trend. Strategas Securities strategist Chris Verrone pointed out that the current rate of increase in the chip sector has reached historically extreme levels, and once the trend reverses, risks could escalate rapidly. Another institutional figure, John Kolovos, noted that the semiconductor index is currently about 57% above its 200-day moving average, a situation that has only occurred similarly in 1995 and 2000, both of which were followed by significant corrections. However, some Wall Street institutions still believe that directly shorting chip stocks carries high risks. Barclays' strategy chief Alexander Altmann stated that while market sentiment has clearly heated up, there are no signs of a complete loss of control yet, and shorting SMH 'is almost equivalent to self-sabotage.'

[Chip Stocks Surge 60% in 6 Weeks, Retail Investor Influx Raises 'AI Bubble' Concerns]On May 11, as the AI craze continues to boost the semiconductor sector, U.S. chip stocks have surged approximately 60% over the past six weeks. However, several institutions have begun to warn that the market is approaching a 'parabolic rise' phase. Meanwhile, a significant amount of previously sidelined retail funds has recently flowed back into technology and chip stocks. According to data from JPMorgan, retail buying power for tech stocks in the U.S. reached its highest level in the past year last week, with AI-related memory chips and hardware companies being the most sought after. Driven by this influx of capital, the majority of SOX component stocks are currently above their 200-day moving average, with some technical indicators even exceeding levels seen during the 1999 internet bubble. Dave Mazza, CEO of Roundhill Financial, stated that the demand for AI infrastructure has indeed been validated during earnings season, but the market is paying increasingly high prices for 'perfect expectations.' He warned that the ongoing high-level chasing is bringing the semiconductor market closer to an uncontrollable parabolic trend. Strategas Securities strategist Chris Verrone pointed out that the current rate of increase in the chip sector has reached historically extreme levels, and once the trend reverses, risks could escalate rapidly. Another institutional figure, John Kolovos, noted that the semiconductor index is currently about 57% above its 200-day moving average, a situation that has only occurred similarly in 1995 and 2000, both of which were followed by significant corrections. However, some Wall Street institutions still believe that directly shorting chip stocks carries high risks. Barclays' strategy chief Alexander Altmann stated that while market sentiment has clearly heated up, there are no signs of a complete loss of control yet, and shorting SMH 'is almost equivalent to self-sabotage.'

Chip Stocks Surge 60% in 6 Weeks, Retail Investor Influx Raises 'AI Bubble' Concerns

On May 11, Hassett, the Director of the National Economic Council at the White House, stated that Trump will decide whether a new executive order on artificial intelligence is necessary, expressing a desire to avoid creating a large new bureaucratic agency to oversee AI.

[Hassett: Trump to Decide on Need for New AI Executive Order]On May 11, Hassett, the Director of the National Economic Council at the White House, stated that Trump will decide whether a new executive order on artificial intelligence is necessary, expressing a desire to avoid creating a large new bureaucratic agency to oversee AI.

Hassett: Trump to Decide on Need for New AI Executive Order

On May 11, according to on-chain analyst Yu Jin, Bitcoin treasury company Strategy (MSTR) purchased 535 BTC (approximately $43 million) last week at a price of around $80,340. They now hold a total of 818,869 BTC (valued at $66.398 billion), with an average cost of $75,540, resulting in a profit of $4.54 billion (+7.3%). 

Ethereum treasury company Bitmine (BMNR) purchased 26,659 ETH (approximately $6.214 million) last week at a price of around $2,331. They now hold a total of 5,206,790 ETH (valued at $12.132 billion), with an average cost of $3,539, resulting in a loss of $6.297 billion (-34.1%). Additionally, 90% of their ETH (4.713 million coins) is staked in Ethereum.

[Bitcoin Holdings Show $4.54 Billion Profit, Bitmine Ethereum Holdings Show $6.297 Billion Loss]On May 11, according to on-chain analyst Yu Jin, Bitcoin treasury company Strategy (MSTR) purchased 535 BTC (approximately $43 million) last week at a price of around $80,340. They now hold a total of 818,869 BTC (valued at $66.398 billion), with an average cost of $75,540, resulting in a profit of $4.54 billion (+7.3%). 

Ethereum treasury company Bitmine (BMNR) purchased 26,659 ETH (approximately $6.214 million) last week at a price of around $2,331. They now hold a total of 5,206,790 ETH (valued at $12.132 billion), with an average cost of $3,539, resulting in a loss of $6.297 billion (-34.1%). Additionally, 90% of their ETH (4.713 million coins) is staked in Ethereum.

Bitcoin Holdings Show $4.54 Billion Profit, Bitmine Ethereum Holdings Show $6.297 Billion Loss

On May 11, Tom Lee, Chairman of Bitmine, stated in a shareholder letter that 'Crypto Spring has begun.' Despite the current market sentiment remaining pessimistic, cryptocurrency asset prices are steadily strengthening, resembling characteristics of the early stages of historical cycles. Tom Lee believes that Ethereum is benefiting from two major long-term trends: first, Wall Street's ongoing push to tokenize real-world assets (RWA) and integrate them into the financial system; second, the rapidly growing demand for 'public, neutral blockchains' from Agentic AI systems. He noted that AI entities will require native internet financial infrastructure in the future, and Ethereum is at the core of this trend. Last week, Bitmine increased its holdings by approximately 26,790 Ethereum. As of May 10, 2026, its total Ethereum holdings reached 5,206,790, accounting for about 4.31% of the total Ethereum supply.

[Tom Lee: Crypto Spring Has Begun, Wall Street Tokenization and AI Will Continue to Drive Ethereum Demand]On May 11, Tom Lee, Chairman of Bitmine, stated in a shareholder letter that 'Crypto Spring has begun.' Despite the current market sentiment remaining pessimistic, cryptocurrency asset prices are steadily strengthening, resembling characteristics of the early stages of historical cycles. Tom Lee believes that Ethereum is benefiting from two major long-term trends: first, Wall Street's ongoing push to tokenize real-world assets (RWA) and integrate them into the financial system; second, the rapidly growing demand for 'public, neutral blockchains' from Agentic AI systems. He noted that AI entities will require native internet financial infrastructure in the future, and Ethereum is at the core of this trend. Last week, Bitmine increased its holdings by approximately 26,790 Ethereum. As of May 10, 2026, its total Ethereum holdings reached 5,206,790, accounting for about 4.31% of the total Ethereum supply.

Tom Lee: Crypto Spring Has Begun, Wall Street Tokenization and AI Will Continue to Drive Ethereum Demand

On May 11, Brent crude oil briefly surpassed $104 due to Iran's rejection of the U.S. peace framework and escalating tensions in the Strait of Hormuz, while Bitcoin fluctuated above $81,000. Analysts believe that the current cryptocurrency market is more driven by geopolitical factors rather than fundamentals. QCP Capital described the current market as 'at a crossroads,' with $84,000 seen as the next key resistance level for Bitcoin. Recent profit-taking has emerged following the inflow of ETF funds, expectations of increased corporate holdings, and optimistic sentiment surrounding the U.S. 'Clarity Act' stablecoin legislation, which previously propelled BTC into the $80,000 range. Laser Digital noted that the market had previously bet on a large-scale Bitcoin buy by Strategy, but after those expectations fell short, it triggered profit-taking sell-offs. Additionally, some enterprise-level BTC holders have slowed or paused their accumulation, further intensifying market pressure. Meanwhile, Ethereum became the main target of selling last week. Reports indicate that a whale holding approximately $1 billion in both BTC and ETH has been consistently selling ETH, leading to a noticeable underperformance of ETH relative to BTC. Although this address continued to transfer ETH to exchanges over the weekend, it has not yet triggered further sell-offs. On a macro level, U.S. non-farm payroll data for April exceeded expectations, alleviating short-term stagflation concerns for the Federal Reserve; the market is also focused on the upcoming CPI and PPI data to be released this week, as well as the progress of meetings between Trump and Chinese leaders in Beijing. According to CoinShares data, net inflows into digital asset investment products reached $857.9 million last week, marking the sixth consecutive week of net inflows.

[Bitcoin Stabilizes Above $81,000 Amid Iranian Tensions and Whale Selling Pressure]On May 11, Brent crude oil briefly surpassed $104 due to Iran's rejection of the U.S. peace framework and escalating tensions in the Strait of Hormuz, while Bitcoin fluctuated above $81,000. Analysts believe that the current cryptocurrency market is more driven by geopolitical factors rather than fundamentals. QCP Capital described the current market as 'at a crossroads,' with $84,000 seen as the next key resistance level for Bitcoin. Recent profit-taking has emerged following the inflow of ETF funds, expectations of increased corporate holdings, and optimistic sentiment surrounding the U.S. 'Clarity Act' stablecoin legislation, which previously propelled BTC into the $80,000 range. Laser Digital noted that the market had previously bet on a large-scale Bitcoin buy by Strategy, but after those expectations fell short, it triggered profit-taking sell-offs. Additionally, some enterprise-level BTC holders have slowed or paused their accumulation, further intensifying market pressure. Meanwhile, Ethereum became the main target of selling last week. Reports indicate that a whale holding approximately $1 billion in both BTC and ETH has been consistently selling ETH, leading to a noticeable underperformance of ETH relative to BTC. Although this address continued to transfer ETH to exchanges over the weekend, it has not yet triggered further sell-offs. On a macro level, U.S. non-farm payroll data for April exceeded expectations, alleviating short-term stagflation concerns for the Federal Reserve; the market is also focused on the upcoming CPI and PPI data to be released this week, as well as the progress of meetings between Trump and Chinese leaders in Beijing. According to CoinShares data, net inflows into digital asset investment products reached $857.9 million last week, marking the sixth consecutive week of net inflows.

Bitcoin Stabilizes Above $81,000 Amid Iranian Tensions and Whale Selling Pressure

European Union (EU) banks that are exposed to cryptocurrencies like bitcoin would face caps and hefty capital requirements under proposed amendments to a financial-services law published Wednesday.
Under the plans, set out in a document dated Aug. 11, crypto assets like bitcoin, which are deemed unduly volatile or risky, and known collectively as class 2, would have the most cautious possible rating. In effect, this means they will be unable to lend based on their virtual asset holdings.
“An institution’s total exposure to class 2 crypto-asset exposures must not be higher than 1% of the institution’s Tier 1 capital at all times,” said the proposal tabled by the Finnish Member of the European Parliament, imposing an absolute limit on how much bitcoin regulated lenders can hold. Tier 1 capital represents the highest-quality capital in a bank's reserves.
Class 1 crypto assets, which are deemed less risky than class 2 and encompasses regulated stablecoins and securities that use distributed ledger technology, would get more flexible capital requirements and no cap.

Detail

【EU lawmakers seek to cap banks’ bitcoin holdings】European Union (EU) banks that are exposed to cryptocurrencies like bitcoin would face caps and hefty capital requirements under proposed amendments to a financial-services law published Wednesday.
Under the plans, set out in a document dated Aug. 11, crypto assets like bitcoin, which are deemed unduly volatile or risky, and known collectively as class 2, would have the most cautious possible rating. In effect, this means they will be unable to lend based on their virtual asset holdings.
“An institution’s total exposure to class 2 crypto-asset exposures must not be higher than 1% of the institution’s Tier 1 capital at all times,” said the proposal tabled by the Finnish Member of the European Parliament, imposing an absolute limit on how much bitcoin regulated lenders can hold. Tier 1 capital represents the highest-quality capital in a bank's reserves.
Class 1 crypto assets, which are deemed less risky than class 2 and encompasses regulated stablecoins and securities that use distributed ledger technology, would get more flexible capital requirements and no cap.

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bill soared to 0.152352 USDT, a new high with a 24-hour increase of 15.38%. It currently trades at 0.124168 USDT on HTX.

EU lawmakers seek to cap banks’ bitcoin holdings

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