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On May 14, the TAC team, an L1 blockchain, announced that it has confirmed a previous cross-chain security incident that resulted in the transfer of approximately $2.8 million in assets, including USDT, BLUM, and tsTON. TAC stated that if the attacker returns the relevant funds to a designated multi-signature address, the team will consider the incident a 'white hat rescue' and will not take legal action against the operators involved with ETH/BSC, ZEC, and TON addresses. As a reward, the attacker could receive about 10% of the bounty, equivalent to approximately 13 ETH and 300 ZEC.

[TAC Offers 10% Bounty for Return of $2.8 Million in Assets]On May 14, the TAC team, an L1 blockchain, announced that it has confirmed a previous cross-chain security incident that resulted in the transfer of approximately $2.8 million in assets, including USDT, BLUM, and tsTON. TAC stated that if the attacker returns the relevant funds to a designated multi-signature address, the team will consider the incident a 'white hat rescue' and will not take legal action against the operators involved with ETH/BSC, ZEC, and TON addresses. As a reward, the attacker could receive about 10% of the bounty, equivalent to approximately 13 ETH and 300 ZEC.

TAC Offers 10% Bounty for Return of $2.8 Million in Assets

On May 14, AI chip manufacturer Cerebras Systems completed its initial public offering (IPO) in the United States, raising $5.55 billion and capitalizing on the surge in global semiconductor demand. The company set its offering price at $185 per share, higher than the previously suggested pricing range. On Monday, Cerebras raised both the offering range and the number of shares to be issued; the IPO was originally planned to issue 30 million shares with a pricing range of $150 to $160 per share. Based on the number of shares issued and the circulating capital calculated in the filing documents, this pricing gives Cerebras a market value of approximately $40 billion. Estimates indicate that, including restricted stock units, employee options, and warrants, the company's fully diluted valuation reaches about $49 billion. Data shows that this IPO is the largest so far this year. If Elon Musk's SpaceX raises its target of $75 billion and goes public this summer, it is expected to set the record for the largest IPO in history, while Cerebras's new share issuance has already been successfully executed.

[Cerebras Systems Raises $5.55 Billion in IPO, Largest of the Year]On May 14, AI chip manufacturer Cerebras Systems completed its initial public offering (IPO) in the United States, raising $5.55 billion and capitalizing on the surge in global semiconductor demand. The company set its offering price at $185 per share, higher than the previously suggested pricing range. On Monday, Cerebras raised both the offering range and the number of shares to be issued; the IPO was originally planned to issue 30 million shares with a pricing range of $150 to $160 per share. Based on the number of shares issued and the circulating capital calculated in the filing documents, this pricing gives Cerebras a market value of approximately $40 billion. Estimates indicate that, including restricted stock units, employee options, and warrants, the company's fully diluted valuation reaches about $49 billion. Data shows that this IPO is the largest so far this year. If Elon Musk's SpaceX raises its target of $75 billion and goes public this summer, it is expected to set the record for the largest IPO in history, while Cerebras's new share issuance has already been successfully executed.

Cerebras Systems Raises $5.55 Billion in IPO, Largest of the Year

On May 14, Metaplanet CEO Simon Gerovich announced on social media that the company plans to list a preferred stock in Japan. If successful, this product will become the seventh listed preferred stock in the Japanese market and the first perpetual preferred stock. Historically, Japanese listed companies pay dividends once or twice a year, while Metaplanet's designed structure considers more frequent distributions, including monthly dividends. This requires meticulous work in areas such as record date procedures, shareholder identification, dividend calculations, and regular shareholder notifications. The company is closely collaborating with partners to build and modernize this infrastructure in a manner compliant with Japanese regulations and market practices. This process has taken longer than initially expected, and the company understands the uncertainties caused by this delay.

[Metaplanet Preferred Stock Listing Delayed Due to Extended Dividend Design and Cash Flow Verification]On May 14, Metaplanet CEO Simon Gerovich announced on social media that the company plans to list a preferred stock in Japan. If successful, this product will become the seventh listed preferred stock in the Japanese market and the first perpetual preferred stock. Historically, Japanese listed companies pay dividends once or twice a year, while Metaplanet's designed structure considers more frequent distributions, including monthly dividends. This requires meticulous work in areas such as record date procedures, shareholder identification, dividend calculations, and regular shareholder notifications. The company is closely collaborating with partners to build and modernize this infrastructure in a manner compliant with Japanese regulations and market practices. This process has taken longer than initially expected, and the company understands the uncertainties caused by this delay.

Metaplanet Preferred Stock Listing Delayed Due to Extended Dividend Design and Cash Flow Verification

On May 14, the TAC team announced that its cross-chain layer on the TON side was exploited by external attackers, resulting in losses of approximately $2.8 million, involving USDT, BLUM, and tsTON. TAC, TON, and all ERC-20 tokens bridged from Ethereum remain unaffected. Currently, the bridging service is still suspended, and forensic analysis and repair work are underway. A complete report with more details will be released within the next 48 hours. The team is actively collaborating with law enforcement, SEAL 911, and security partners to trace and freeze the stolen funds. The team stated that its core focus is to legally and structurally sell the foundation's TAC token reserves to compensate user losses and fully restore bridging liquidity. Official channels will continue to provide updates on the progress.

[Cross-Chain Bridge TAC Suffers External Attack, Losses Estimated at $2.8 Million; Foundation Plans to Sell Reserve Tokens to Compensate Users]On May 14, the TAC team announced that its cross-chain layer on the TON side was exploited by external attackers, resulting in losses of approximately $2.8 million, involving USDT, BLUM, and tsTON. TAC, TON, and all ERC-20 tokens bridged from Ethereum remain unaffected. Currently, the bridging service is still suspended, and forensic analysis and repair work are underway. A complete report with more details will be released within the next 48 hours. The team is actively collaborating with law enforcement, SEAL 911, and security partners to trace and freeze the stolen funds. The team stated that its core focus is to legally and structurally sell the foundation's TAC token reserves to compensate user losses and fully restore bridging liquidity. Official channels will continue to provide updates on the progress.

Cross-Chain Bridge TAC Suffers External Attack, Losses Estimated at $2.8 Million; Foundation Plans to Sell Reserve Tokens to Compensate Users

On May 14, Metaplanet CEO Simon Gerovich announced that the company has postponed its plans to list Mars and Mercury preferred stocks due to the underdeveloped nature of the Japanese preferred stock market and restrictions imposed by exchange rules. He stated that Japanese exchanges require preferred stock dividends to be supported by sustainable and recurring cash flows, while Metaplanet still needs to demonstrate that its Bitcoin revenue business can generate stable returns under different market conditions. Additionally, the company plans to pay dividends monthly, but the Japanese market typically operates on an annual or semi-annual dividend schedule, and the necessary infrastructure is still being developed. Metaplanet currently holds 40,177 BTC, and its stock price has dropped 25% year-to-date.

[Metaplanet Delays Preferred Stock Listing Due to Japanese Market Structure Issues]On May 14, Metaplanet CEO Simon Gerovich announced that the company has postponed its plans to list Mars and Mercury preferred stocks due to the underdeveloped nature of the Japanese preferred stock market and restrictions imposed by exchange rules. He stated that Japanese exchanges require preferred stock dividends to be supported by sustainable and recurring cash flows, while Metaplanet still needs to demonstrate that its Bitcoin revenue business can generate stable returns under different market conditions. Additionally, the company plans to pay dividends monthly, but the Japanese market typically operates on an annual or semi-annual dividend schedule, and the necessary infrastructure is still being developed. Metaplanet currently holds 40,177 BTC, and its stock price has dropped 25% year-to-date.

Metaplanet Delays Preferred Stock Listing Due to Japanese Market Structure Issues

On May 14, the TAC team announced that its cross-chain layer on the TON side was exploited by external attackers, resulting in losses of approximately $2.8 million, involving USDT, BLUM, and tsTON. TAC, TON, and all ERC-20 tokens bridged from Ethereum are unaffected. The bridging service remains suspended, and forensic analysis and repairs are underway, with a full report containing more details to be released within the next 48 hours. The team is actively collaborating with law enforcement, SEAL 911, and security partners to trace and freeze the stolen funds. The team stated that its core focus is to sell the foundation's TAC token reserves in a legitimate structured manner to compensate users for their losses and fully restore bridging liquidity. Official channels will continue to update on progress.

[Cross-Chain Bridge TAC Suffers External Attack, Losses Estimated at $2.8 Million; Foundation Plans to Sell Reserve Tokens to Compensate Users]On May 14, the TAC team announced that its cross-chain layer on the TON side was exploited by external attackers, resulting in losses of approximately $2.8 million, involving USDT, BLUM, and tsTON. TAC, TON, and all ERC-20 tokens bridged from Ethereum are unaffected. The bridging service remains suspended, and forensic analysis and repairs are underway, with a full report containing more details to be released within the next 48 hours. The team is actively collaborating with law enforcement, SEAL 911, and security partners to trace and freeze the stolen funds. The team stated that its core focus is to sell the foundation's TAC token reserves in a legitimate structured manner to compensate users for their losses and fully restore bridging liquidity. Official channels will continue to update on progress.

On May 14, the Federal Reserve announced on Wednesday that it will purchase approximately $10 billion in Treasury bills during this period. This move reflects a further slowdown of the program aimed at lowering short-term financing costs by supplementing reserves in the financial system. According to the New York Fed's official website, its Open Market Trading Desk plans to conduct the aforementioned Reserve Management Purchases (RMP) during the monthly period ending June 11, along with approximately $16.3 billion in reinvestment purchases during the same period. The Federal Reserve unexpectedly halted the reduction of its balance sheet, known as quantitative tightening, at the end of 2025, and instead began injecting liquidity back into the financial system by purchasing Treasury bills maturing within one year. (Dongxin News Agency)

[Federal Reserve Significantly Reduces Treasury Bill Purchases Again]On May 14, the Federal Reserve announced on Wednesday that it will purchase approximately $10 billion in Treasury bills during this period. This move reflects a further slowdown of the program aimed at lowering short-term financing costs by supplementing reserves in the financial system. According to the New York Fed's official website, its Open Market Trading Desk plans to conduct the aforementioned Reserve Management Purchases (RMP) during the monthly period ending June 11, along with approximately $16.3 billion in reinvestment purchases during the same period. The Federal Reserve unexpectedly halted the reduction of its balance sheet, known as quantitative tightening, at the end of 2025, and instead began injecting liquidity back into the financial system by purchasing Treasury bills maturing within one year. (Dongxin News Agency)

Federal Reserve Significantly Reduces Treasury Bill Purchases Again

On May 14, the South Korean KOSPI index opened up 33.41 points, an increase of 0.43%, reaching 7877.42 points. The Nikkei 225 index opened up 172.68 points, an increase of 0.27%, reaching 63444.79 points. (Dongxin News Agency)

[Japanese and South Korean Stock Markets Open Slightly Higher]On May 14, the South Korean KOSPI index opened up 33.41 points, an increase of 0.43%, reaching 7877.42 points. The Nikkei 225 index opened up 172.68 points, an increase of 0.27%, reaching 63444.79 points. (Dongxin News Agency)

Japanese and South Korean Stock Markets Open Slightly Higher

On May 14, a document revealed that NVIDIA CEO Jensen Huang and his wife Lori's foundation is acquiring computing resources from CoreWeave and donating them to universities and other nonprofit organizations. The document indicates that the value of these donations has reached $108.3 million to date. According to the filings submitted on Tuesday, these computing resources will be used for scientific and artificial intelligence research. NVIDIA stated in the document that it plans to provide free engineering services to some of the recipient organizations. This donation not only highlights Huang's generosity but also reflects NVIDIA's continued support for CoreWeave, a cloud computing company focused on artificial intelligence applications. NVIDIA designed the graphics processing units (GPUs) that CoreWeave provides to its customers. In January of this year, NVIDIA invested $2 billion in CoreWeave, becoming the company's second-largest shareholder at the time.

[NVIDIA CEO Foundation Purchases $108.3 Million in AI Computing Power for Research Institutions]On May 14, a document revealed that NVIDIA CEO Jensen Huang and his wife Lori's foundation is acquiring computing resources from CoreWeave and donating them to universities and other nonprofit organizations. The document indicates that the value of these donations has reached $108.3 million to date. According to the filings submitted on Tuesday, these computing resources will be used for scientific and artificial intelligence research. NVIDIA stated in the document that it plans to provide free engineering services to some of the recipient organizations. This donation not only highlights Huang's generosity but also reflects NVIDIA's continued support for CoreWeave, a cloud computing company focused on artificial intelligence applications. NVIDIA designed the graphics processing units (GPUs) that CoreWeave provides to its customers. In January of this year, NVIDIA invested $2 billion in CoreWeave, becoming the company's second-largest shareholder at the time.

NVIDIA CEO Foundation Purchases $108.3 Million in AI Computing Power for Research Institutions

According to Forkast, Naver Z, the operator of South Korea-based Zepeto metaverse, has signed a memorandum of understanding (MOU) with Thai telecommunications and digital services provider True Corporation to grow Thailand’s metaverse ecosystem.
Utilizing Zepeto as a platform, True will provide future-oriented, online-to-offline experience that can promote Thailand’s soft power in metaverse content creation.
Specific business details on the partnership were not disclosed.

Detail

【Naver’s Zepeto metaverse teams with Thailand’s telecom giant True】According to Forkast, Naver Z, the operator of South Korea-based Zepeto metaverse, has signed a memorandum of understanding (MOU) with Thai telecommunications and digital services provider True Corporation to grow Thailand’s metaverse ecosystem.
Utilizing Zepeto as a platform, True will provide future-oriented, online-to-offline experience that can promote Thailand’s soft power in metaverse content creation.
Specific business details on the partnership were not disclosed.

Naver’s Zepeto metaverse teams with Thailand’s telecom giant True

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