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On May 14, Bank of England Executive Director Sasha Mills stated that the Bank of England considers stablecoins to be 'a new form of currency' and will not 'pick winners' between tokenized deposits and stablecoins. Mills mentioned that the Bank will open applications for 'systemic stablecoins' by the end of the year, which are widely used for payments and may pose risks to financial stability, and will be regulated by the central bank. Matthew Long, Director of Payments and Digital Assets at the Financial Conduct Authority (FCA), indicated that other stablecoins are regulated by the FCA, and there is still room for pound-denominated stablecoins to play a role. Mills also pointed out that 99% of stablecoins globally are denominated in US dollars and do not comply with the US GENIUS Act, and that the UK is aligned with the US on the timeline.

[Bank of England Views Stablecoins as a New Form of Currency]On May 14, Bank of England Executive Director Sasha Mills stated that the Bank of England considers stablecoins to be 'a new form of currency' and will not 'pick winners' between tokenized deposits and stablecoins. Mills mentioned that the Bank will open applications for 'systemic stablecoins' by the end of the year, which are widely used for payments and may pose risks to financial stability, and will be regulated by the central bank. Matthew Long, Director of Payments and Digital Assets at the Financial Conduct Authority (FCA), indicated that other stablecoins are regulated by the FCA, and there is still room for pound-denominated stablecoins to play a role. Mills also pointed out that 99% of stablecoins globally are denominated in US dollars and do not comply with the US GENIUS Act, and that the UK is aligned with the US on the timeline.

Bank of England Views Stablecoins as a New Form of Currency

On May 14, according to Fast Technology, amidst the explosive demand for AI, GPUs have become one of the most scarce computing resources, with even old chips from five years ago continuing to rise in price. Recently, NVIDIA CEO Jensen Huang referred to this phenomenon as the 'Fine Wine Effect.' The term 'Fine Wine' was originally used during the AMD Vega era to describe how GPUs could enhance performance through driver optimizations, but its meaning has since evolved to describe the rising prices of GPUs over time. NVIDIA stated that the demand for AI is driving the GPU market into a phase of explosive growth, with nearly all data centers running AI operations relying on GPUs. Although CPU demand is also increasing, GPUs remain the core source of computing power. Currently, global semiconductor manufacturers are facing tight production capacities, which further drives up the prices of various hardware, including GPUs, and older generation GPUs are similarly affected. Even products from 4-5 years ago are still appreciating in value. Huang pointed out that the price increase of old GPUs is even surpassing the aging process of fine wine, indicating a strong demand in the market.

[Jensen Huang: GPUs from Five Years Ago Are Like Fine Wine – They Get Better and More Expensive with Age]On May 14, according to Fast Technology, amidst the explosive demand for AI, GPUs have become one of the most scarce computing resources, with even old chips from five years ago continuing to rise in price. Recently, NVIDIA CEO Jensen Huang referred to this phenomenon as the 'Fine Wine Effect.' The term 'Fine Wine' was originally used during the AMD Vega era to describe how GPUs could enhance performance through driver optimizations, but its meaning has since evolved to describe the rising prices of GPUs over time. NVIDIA stated that the demand for AI is driving the GPU market into a phase of explosive growth, with nearly all data centers running AI operations relying on GPUs. Although CPU demand is also increasing, GPUs remain the core source of computing power. Currently, global semiconductor manufacturers are facing tight production capacities, which further drives up the prices of various hardware, including GPUs, and older generation GPUs are similarly affected. Even products from 4-5 years ago are still appreciating in value. Huang pointed out that the price increase of old GPUs is even surpassing the aging process of fine wine, indicating a strong demand in the market.

Jensen Huang: GPUs from Five Years Ago Are Like Fine Wine – They Get Better and More Expensive with Age

On May 14, X user Cprkrn stated on social media that they successfully recovered a wallet with a lost recovery phrase using Claude, an AI model developed by Anthropic, retrieving approximately $400,000 in Bitcoin. The user's post quickly garnered millions of views and sparked widespread discussion about the potential applications of AI in recovery phrase restoration and the security of crypto assets. As of now, neither Anthropic nor Claude's officials have confirmed or responded to this claim.

[Claude AI Helps Recover Lost Wallet Recovery Phrase, Recovers $400,000 in BTC]On May 14, X user Cprkrn stated on social media that they successfully recovered a wallet with a lost recovery phrase using Claude, an AI model developed by Anthropic, retrieving approximately $400,000 in Bitcoin. The user's post quickly garnered millions of views and sparked widespread discussion about the potential applications of AI in recovery phrase restoration and the security of crypto assets. As of now, neither Anthropic nor Claude's officials have confirmed or responded to this claim.

Claude AI Helps Recover Lost Wallet Recovery Phrase, Recovers $400,000 in BTC

On May 14, according to Alternative data, the cryptocurrency fear and greed index fell to 34 today (down from 42 yesterday) due to Bitcoin briefly dropping below $79,000 last night, leading to a sharp increase in market 'panic' sentiment. Note: The fear index ranges from 0 to 100 and includes indicators such as volatility (25%), market trading volume (25%), social media trends (15%), market surveys (15%), Bitcoin's market dominance (10%), and Google Trends analysis (10%).

[Cryptocurrency Fear Index Drops to 34, Market Panic Intensifies]On May 14, according to Alternative data, the cryptocurrency fear and greed index fell to 34 today (down from 42 yesterday) due to Bitcoin briefly dropping below $79,000 last night, leading to a sharp increase in market 'panic' sentiment. Note: The fear index ranges from 0 to 100 and includes indicators such as volatility (25%), market trading volume (25%), social media trends (15%), market surveys (15%), Bitcoin's market dominance (10%), and Google Trends analysis (10%).

Cryptocurrency Fear Index Drops to 34, Market Panic Intensifies

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

Bitcoin miners are currently in a difficult position due to the combined effects of plummeting bitcoin prices, difficult growth and rising energy prices, according to a report released by Arcane Research.
Of the eight listed miners it analysed, six have seen their quick ratio (the ratio of a company's quick assets to current liabilities) fall significantly since 31 March, indicating that a number of listed crypto miners have illiquid balance sheets. Only Riot and CleanSpark are positive, with Riot increasing to 3.9 from 2.1 on March 31.
The report says that while listed bitcoin miners are struggling and have been forced to sell off large amounts of bitcoin, none have gone bankrupt so far. The main reason listed miners have been able to emerge unscathed so far is that they held large amounts of cash and bitcoin earlier this summer. Throughout the summer, these companies have been selling off bitcoin and using some of their cash reserves to pay for miner transportation and other expenses.

Detail

【Report: Several listed crypto miners have illiquid balance sheets】Bitcoin miners are currently in a difficult position due to the combined effects of plummeting bitcoin prices, difficult growth and rising energy prices, according to a report released by Arcane Research.
Of the eight listed miners it analysed, six have seen their quick ratio (the ratio of a company's quick assets to current liabilities) fall significantly since 31 March, indicating that a number of listed crypto miners have illiquid balance sheets. Only Riot and CleanSpark are positive, with Riot increasing to 3.9 from 2.1 on March 31.
The report says that while listed bitcoin miners are struggling and have been forced to sell off large amounts of bitcoin, none have gone bankrupt so far. The main reason listed miners have been able to emerge unscathed so far is that they held large amounts of cash and bitcoin earlier this summer. Throughout the summer, these companies have been selling off bitcoin and using some of their cash reserves to pay for miner transportation and other expenses.

Report: Several listed crypto miners have illiquid balance sheets

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

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