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At the opening of the U.S. stock market, the Nasdaq rose by 0.21%, the Dow fell by 0.36%, and the S&P 500 increased by 0.01%. Chip stocks rebounded, with Micron Technology up over 6%, Qualcomm up over 3%, and Intel and Western Digital both up over 2%. Alibaba, which released its earnings report earlier, fell by 2.6%, while Tencent Holdings' ADR rose by 2.3%.

[Nasdaq Opens Up 0.2%, Chip Stocks Rebound with Micron Up Over 6%]At the opening of the U.S. stock market, the Nasdaq rose by 0.21%, the Dow fell by 0.36%, and the S&P 500 increased by 0.01%. Chip stocks rebounded, with Micron Technology up over 6%, Qualcomm up over 3%, and Intel and Western Digital both up over 2%. Alibaba, which released its earnings report earlier, fell by 2.6%, while Tencent Holdings' ADR rose by 2.3%.

Nasdaq Opens Up 0.2%, Chip Stocks Rebound with Micron Up Over 6%

On May 13, K33's research director Vetle Lunde stated that STRC, a perpetual preferred stock under Strategy, may be becoming a significant factor in driving Bitcoin's mid-month price increase. Lunde pointed out that STRC dividends are paid at the end of each month, with the ex-dividend date set around the 15th of each month. Since Strategy issues additional shares through an ATM mechanism when the STRC price exceeds its par value of $100, and uses the raised funds to purchase BTC, the market demand for STRC tends to rise before the ex-dividend date, often leading to increased BTC buying. Data shows that the amount of BTC purchased by Strategy through STRC has grown from 4,467 coins in January to approximately 46,872 coins in April. Currently, Strategy's total Bitcoin holdings have reached 818,869 BTC, valued at around $6.57 billion. However, K33 also noted that the pace at which STRC has returned to par value this month has slowed compared to previous months, with only 1 BTC added through this tool recently, indicating that market demand may be approaching a phase of stabilization.

[K33: STRC Under Strategy May Be Driving Mid-Month Bitcoin Surge]On May 13, K33's research director Vetle Lunde stated that STRC, a perpetual preferred stock under Strategy, may be becoming a significant factor in driving Bitcoin's mid-month price increase. Lunde pointed out that STRC dividends are paid at the end of each month, with the ex-dividend date set around the 15th of each month. Since Strategy issues additional shares through an ATM mechanism when the STRC price exceeds its par value of $100, and uses the raised funds to purchase BTC, the market demand for STRC tends to rise before the ex-dividend date, often leading to increased BTC buying. Data shows that the amount of BTC purchased by Strategy through STRC has grown from 4,467 coins in January to approximately 46,872 coins in April. Currently, Strategy's total Bitcoin holdings have reached 818,869 BTC, valued at around $6.57 billion. However, K33 also noted that the pace at which STRC has returned to par value this month has slowed compared to previous months, with only 1 BTC added through this tool recently, indicating that market demand may be approaching a phase of stabilization.

K33: STRC Under Strategy May Be Driving Mid-Month Bitcoin Surge

On May 13, the head of the enforcement division of the U.S. Securities and Exchange Commission (SEC) stated that the agency is concerned about the potential risks of private funds regarding 'liquidity, fees, valuations, and conflicts of interest.'

[SEC Chief Highlights Potential Risks of Private Funds]On May 13, the head of the enforcement division of the U.S. Securities and Exchange Commission (SEC) stated that the agency is concerned about the potential risks of private funds regarding 'liquidity, fees, valuations, and conflicts of interest.'

SEC Chief Highlights Potential Risks of Private Funds

On May 13, American defense technology company Anduril announced the completion of a $5 billion Series H funding round, achieving a post-money valuation of $61 billion. This round was led by Thrive Capital and a16z. CEO Brian Schimpf stated in a letter to investors that the company expects to reach $2.2 billion in revenue by 2025, with revenue and employee numbers nearly doubling over the past year. Anduril has delivered its first international project to the Royal Australian Navy and completed an autonomous flight demonstration for the U.S. Air Force's unmanned combat aircraft program. The company indicated it will focus on increasing investments in high-capacity manufacturing, AI and autonomous systems, the Lattice sensor and command control platform, as well as the Arsenal-1 factory and ArsenalOS production system, to address the evolving defense demands in the context of 'industrialized warfare' and great power competition.

[Anduril Secures $5 Billion in Series H Funding, Valuation Reaches $61 Billion]On May 13, American defense technology company Anduril announced the completion of a $5 billion Series H funding round, achieving a post-money valuation of $61 billion. This round was led by Thrive Capital and a16z. CEO Brian Schimpf stated in a letter to investors that the company expects to reach $2.2 billion in revenue by 2025, with revenue and employee numbers nearly doubling over the past year. Anduril has delivered its first international project to the Royal Australian Navy and completed an autonomous flight demonstration for the U.S. Air Force's unmanned combat aircraft program. The company indicated it will focus on increasing investments in high-capacity manufacturing, AI and autonomous systems, the Lattice sensor and command control platform, as well as the Arsenal-1 factory and ArsenalOS production system, to address the evolving defense demands in the context of 'industrialized warfare' and great power competition.

Anduril Secures $5 Billion in Series H Funding, Valuation Reaches $61 Billion

On May 13, K33 Research released a report indicating that STRC, issued by Strategy, could be a driving factor behind Bitcoin's strong mid-month performance recently. In March and April, Bitcoin recorded significant gains during the mid-month week, and K33's research director Vetle Lunde believes this trend may continue this week. STRC pays dividends on the last day of each month, but eligibility for dividends is determined by the ex-dividend date on the 15th of each month. Investors often buy STRC before the ex-dividend date to qualify for dividends, pushing its trading price close to the $100 par value, which increases trading volume and allows Strategy to issue more STRC shares through its corresponding market offering plan to raise funds for purchasing Bitcoin. Lunde pointed out that this Friday (May 15) is a new ex-dividend date, and early signs of the pattern re-emerging were observed on Monday, with STRC rising back to $100 and trading volume reaching its highest level since April 15. STRC has become the main driver for Strategy's Bitcoin acquisitions this year, with the number of BTC acquired through this tool increasing from 4,467 in January to 22,131 in March, and further to 46,872 in April. Strategy currently holds a total of 818,869 BTC (approximately $6.57 billion). STRC currently offers an annualized yield of 11.5%, supporting investor demand. However, Lunde also cautioned that the pace at which STRC returned to par value this month has slowed, with Strategy only adding 1 BTC through this tool, suggesting that demand may be nearing a plateau. Nevertheless, he added that there is still a long week ahead, and Monday already saw promising spikes in STRC trading volume, with expectations that Strategy will announce another large-scale BTC acquisition next Monday.

[K33: STRC from Strategy May Drive Mid-Month Bitcoin Surge]On May 13, K33 Research released a report indicating that STRC, issued by Strategy, could be a driving factor behind Bitcoin's strong mid-month performance recently. In March and April, Bitcoin recorded significant gains during the mid-month week, and K33's research director Vetle Lunde believes this trend may continue this week. STRC pays dividends on the last day of each month, but eligibility for dividends is determined by the ex-dividend date on the 15th of each month. Investors often buy STRC before the ex-dividend date to qualify for dividends, pushing its trading price close to the $100 par value, which increases trading volume and allows Strategy to issue more STRC shares through its corresponding market offering plan to raise funds for purchasing Bitcoin. Lunde pointed out that this Friday (May 15) is a new ex-dividend date, and early signs of the pattern re-emerging were observed on Monday, with STRC rising back to $100 and trading volume reaching its highest level since April 15. STRC has become the main driver for Strategy's Bitcoin acquisitions this year, with the number of BTC acquired through this tool increasing from 4,467 in January to 22,131 in March, and further to 46,872 in April. Strategy currently holds a total of 818,869 BTC (approximately $6.57 billion). STRC currently offers an annualized yield of 11.5%, supporting investor demand. However, Lunde also cautioned that the pace at which STRC returned to par value this month has slowed, with Strategy only adding 1 BTC through this tool, suggesting that demand may be nearing a plateau. Nevertheless, he added that there is still a long week ahead, and Monday already saw promising spikes in STRC trading volume, with expectations that Strategy will announce another large-scale BTC acquisition next Monday.

K33: STRC from Strategy May Drive Mid-Month Bitcoin Surge

On May 13, the P-Token upgrade for Solana has officially gone live on the mainnet, allowing for a potential increase in transaction efficiency by up to 20 times. The P-Token is an optimized rewrite of Solana's SPL Token program, and after the upgrade, the computational overhead for token instructions has been reduced by approximately 96%, freeing up an additional 12-13% of block space for the network without changing the block limits.

[Solana P-Token Upgrade Now Live on Mainnet, Boosting Transaction Efficiency by Up to 20 Times]On May 13, the P-Token upgrade for Solana has officially gone live on the mainnet, allowing for a potential increase in transaction efficiency by up to 20 times. The P-Token is an optimized rewrite of Solana's SPL Token program, and after the upgrade, the computational overhead for token instructions has been reduced by approximately 96%, freeing up an additional 12-13% of block space for the network without changing the block limits.

Solana P-Token Upgrade Now Live on Mainnet, Boosting Transaction Efficiency by Up to 20 Times

On May 13, according to HTX data, Bitcoin has fallen below $80,000, currently priced at $79,978, with a 24-hour decline of 0.71%.

[Bitcoin Falls Below $80,000]On May 13, according to HTX data, Bitcoin has fallen below $80,000, currently priced at $79,978, with a 24-hour decline of 0.71%.

Bitcoin Falls Below $80,000

On May 13, according to monitoring by Lookonchain, a wallet address associated with a16z, 0xb5E4, has accumulated a total of 1.588 million HYPE in the past month, valued at approximately $67.46 million. Data shows that this address has also staked around 1.3 million HYPE through multiple wallets, valued at approximately $51.2 million.

[a16z-Linked Address Accumulates 1.588 Million HYPE in the Past Month]On May 13, according to monitoring by Lookonchain, a wallet address associated with a16z, 0xb5E4, has accumulated a total of 1.588 million HYPE in the past month, valued at approximately $67.46 million. Data shows that this address has also staked around 1.3 million HYPE through multiple wallets, valued at approximately $51.2 million.

a16z-Linked Address Accumulates 1.588 Million HYPE in the Past Month

On May 13, data released on Wednesday showed that the US Producer Price Index (PPI) surged 1.4% month-on-month in April, with the March figure also revised up to a growth of 0.7%. This increase is the largest since March 2022, with both goods and services prices rising, while market expectations were only for a 0.5% increase, consistent with the initially reported 0.5% for March. Producer prices have been consistently strong this year, partly due to rising energy costs, while conflicts in the Middle East have disrupted transportation through the Strait of Hormuz, impacting global supply chains and leading to shortages of fertilizers, aluminum, and various consumer goods. The PPI rose 6.0% year-on-year, marking the largest increase since December 2022 and significantly higher than the 4.0% in March, partly due to the gradual exit of last year's lower base effect from the statistical range, which has pushed up the current year-on-year readings. The spread of inflation is intensifying, posing greater challenges for the Federal Reserve. (Jin Shi)

[US April PPI Soars 1.4% Month-on-Month, Prices of Goods and Services Rise]On May 13, data released on Wednesday showed that the US Producer Price Index (PPI) surged 1.4% month-on-month in April, with the March figure also revised up to a growth of 0.7%. This increase is the largest since March 2022, with both goods and services prices rising, while market expectations were only for a 0.5% increase, consistent with the initially reported 0.5% for March. Producer prices have been consistently strong this year, partly due to rising energy costs, while conflicts in the Middle East have disrupted transportation through the Strait of Hormuz, impacting global supply chains and leading to shortages of fertilizers, aluminum, and various consumer goods. The PPI rose 6.0% year-on-year, marking the largest increase since December 2022 and significantly higher than the 4.0% in March, partly due to the gradual exit of last year's lower base effect from the statistical range, which has pushed up the current year-on-year readings. The spread of inflation is intensifying, posing greater challenges for the Federal Reserve. (Jin Shi)

US April PPI Soars 1.4% Month-on-Month, Prices of Goods and Services Rise

According to Decrypt, the Ethereum network’s “missed block rate” spiked by around 1,700% today following the Bellatrix upgrade. The “missed block rate” is the frequency with which the network fails to verify a block of transactions slated for validation. Whereas typically 0.5% of all blocks slated for validation on Ethereum fail to be validated on the first try, on Tuesday morning, more than 9% of all blocks experienced that issue. This may have to do with the preparedness of the network’s node operators. Multiple core developers of Ethereum’s network said that this morning’s spike in missed block rate could be traced to operators who had yet to perform this software upgrade. The nodes who have not yet updated will get inactivity leaked. In other words, the more node operators there are that haven’t updated their software yet, the more this will trigger missed blocks on the proof-of-stake chain.

Detail

【Ethereum network’s “missed block rate” spiked by around 1,700% following the Bellatrix upgrade】According to Decrypt, the Ethereum network’s “missed block rate” spiked by around 1,700% today following the Bellatrix upgrade. The “missed block rate” is the frequency with which the network fails to verify a block of transactions slated for validation. Whereas typically 0.5% of all blocks slated for validation on Ethereum fail to be validated on the first try, on Tuesday morning, more than 9% of all blocks experienced that issue. This may have to do with the preparedness of the network’s node operators. Multiple core developers of Ethereum’s network said that this morning’s spike in missed block rate could be traced to operators who had yet to perform this software upgrade. The nodes who have not yet updated will get inactivity leaked. In other words, the more node operators there are that haven’t updated their software yet, the more this will trigger missed blocks on the proof-of-stake chain.

Ethereum network’s “missed block rate” spiked by around 1,700% following the Bellatrix upgrade

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Ethereum network’s “missed block rate” spiked by around 1,700% following the Bellatrix upgrade

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

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