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On May 11, according to The Information: Kuaishou plans to spin off its AI video generation model 'Kling' with a valuation of $20 billion.

[Kuaishou Plans to Spin Off AI Video Generation Model 'Kling' Valued at $20 Billion]On May 11, according to The Information: Kuaishou plans to spin off its AI video generation model 'Kling' with a valuation of $20 billion.

Kuaishou Plans to Spin Off AI Video Generation Model 'Kling' Valued at $20 Billion

On May 11, corporate payment company Corpay announced a partnership with stablecoin infrastructure platform BVNK to offer stablecoin wallet and settlement capabilities to global clients. According to the announcement, Corpay customers will be able to view both fiat and stablecoin balances within the platform and directly use an embedded stablecoin wallet for sending, receiving, storing, and exchanging operations, thus accessing a 24/7 stablecoin payment network. Additionally, Corpay plans to integrate stablecoin payment rails into its own fund management and cross-border settlement processes to reduce reliance on pre-funded accounts, enhance fund efficiency, and optimize global cash flow. Corpay currently serves over 800,000 clients worldwide, processing more than $12 billion in corporate payments and $26 billion in foreign exchange transactions each month, covering over 145 currencies.

[Corpay Partners with BVNK to Provide Stablecoin Wallet and Settlement Services for 800,000 Business Clients]On May 11, corporate payment company Corpay announced a partnership with stablecoin infrastructure platform BVNK to offer stablecoin wallet and settlement capabilities to global clients. According to the announcement, Corpay customers will be able to view both fiat and stablecoin balances within the platform and directly use an embedded stablecoin wallet for sending, receiving, storing, and exchanging operations, thus accessing a 24/7 stablecoin payment network. Additionally, Corpay plans to integrate stablecoin payment rails into its own fund management and cross-border settlement processes to reduce reliance on pre-funded accounts, enhance fund efficiency, and optimize global cash flow. Corpay currently serves over 800,000 clients worldwide, processing more than $12 billion in corporate payments and $26 billion in foreign exchange transactions each month, covering over 145 currencies.

Corpay Partners with BVNK to Provide Stablecoin Wallet and Settlement Services for 800,000 Business Clients

According to monitoring by Dongcha Beating, in the case where Musk is suing OpenAI, OpenAI President Greg Brockman's personal diary was forced to be made public as evidence. Axios reported today that this exposure of privacy is rapidly spreading into the AI field: courts are increasingly accepting user conversations with chatbots as admissible court evidence, and these conversations typically do not enjoy privileges similar to those of lawyers or psychologists. This trend has been confirmed in several recent lawsuits. In February of this year, a U.S. federal judge ruled that a man's practice conversation with Claude, conducted in preparation for a meeting with his lawyer, could be used as evidence against him in a criminal case. Additionally, chat logs from large models have appeared as court evidence in a murder case in Florida and an arson case in Los Angeles. Legal experts warn that AI chat logs can be far more damaging to individuals than personal diaries. Diaries are merely a one-way record, while large models are designed to continuously probe and extend conversations, easily leading users to disclose details they would not normally write down. With complete interaction timestamps, large models can accurately capture users' subjective perceptions and intentions at specific moments. If exemptions for AI chats are not established in the future, this potential risk of being retrieved at any time could cause significant upheaval in litigation.

[Axios: AI Chat Logs Becoming New Court Evidence, User Privacy Risks Escalate]According to monitoring by Dongcha Beating, in the case where Musk is suing OpenAI, OpenAI President Greg Brockman's personal diary was forced to be made public as evidence. Axios reported today that this exposure of privacy is rapidly spreading into the AI field: courts are increasingly accepting user conversations with chatbots as admissible court evidence, and these conversations typically do not enjoy privileges similar to those of lawyers or psychologists. This trend has been confirmed in several recent lawsuits. In February of this year, a U.S. federal judge ruled that a man's practice conversation with Claude, conducted in preparation for a meeting with his lawyer, could be used as evidence against him in a criminal case. Additionally, chat logs from large models have appeared as court evidence in a murder case in Florida and an arson case in Los Angeles. Legal experts warn that AI chat logs can be far more damaging to individuals than personal diaries. Diaries are merely a one-way record, while large models are designed to continuously probe and extend conversations, easily leading users to disclose details they would not normally write down. With complete interaction timestamps, large models can accurately capture users' subjective perceptions and intentions at specific moments. If exemptions for AI chats are not established in the future, this potential risk of being retrieved at any time could cause significant upheaval in litigation.

Axios: AI Chat Logs Becoming New Court Evidence, User Privacy Risks Escalate

On May 11, economist and cryptocurrency critic Peter Schiff posted on social media that Michael Saylor avoided addressing his view that STRC is a Ponzi scheme. Peter Schiff stated: "Saylor just said, 'Peter thinks Bitcoin is a Ponzi scheme, and he doesn't like anything in this space.' However, I have previously described Bitcoin as a new type of decentralized Ponzi structure, whereas STRC is different; it is a classic centralized Ponzi scheme operated by MSTR."

[Peter Schiff: STRC is a Classic Centralized Ponzi Scheme Operated by Strategy]On May 11, economist and cryptocurrency critic Peter Schiff posted on social media that Michael Saylor avoided addressing his view that STRC is a Ponzi scheme. Peter Schiff stated: "Saylor just said, 'Peter thinks Bitcoin is a Ponzi scheme, and he doesn't like anything in this space.' However, I have previously described Bitcoin as a new type of decentralized Ponzi structure, whereas STRC is different; it is a classic centralized Ponzi scheme operated by MSTR."

Peter Schiff: STRC is a Classic Centralized Ponzi Scheme Operated by Strategy

On May 11, Bloomberg reported that Ripple's main brokerage division has secured a maximum asset-backed debt financing facility of $200 million from Neuberger Berman to expand its margin financing services for institutional investors. The financing is provided by Neuberger Berman's specialized finance division, allowing Ripple to draw up to $200 million in phases based on the borrowing needs of institutional clients in the equity, fixed income, and cryptocurrency markets.

[Ripple Secures $200 Million Financing from Neuberger Berman to Expand Margin Services]On May 11, Bloomberg reported that Ripple's main brokerage division has secured a maximum asset-backed debt financing facility of $200 million from Neuberger Berman to expand its margin financing services for institutional investors. The financing is provided by Neuberger Berman's specialized finance division, allowing Ripple to draw up to $200 million in phases based on the borrowing needs of institutional clients in the equity, fixed income, and cryptocurrency markets.

Ripple Secures $200 Million Financing from Neuberger Berman to Expand Margin Services

According to monitoring by Dongcha Beating, Alibaba Cloud has launched the 'Team Version Token Plan' today, providing large model subscription services for enterprises and developer teams. The package includes over ten multimodal models such as Qwen3.6, Kimi-K2.6, GLM-5.1, and Wan2.7, allowing users to flexibly switch and call upon them within the subscription to complete tasks like code generation, image synthesis, and podcast production. The main difference from the individual version is the enterprise management features. Administrators can centrally manage seat allocation, usage statistics, and cost budgeting. The package is available in three tiers: Standard, Advanced, and Premium, allowing for on-demand selection. The platform also includes multi-tenant isolation and enterprise-level data privacy protection. In terms of compatibility with Agent tools, this package is compatible with mainstream platforms such as Claude Code, Cursor, OpenClaw, Hermes Agent, and Qwen Code, supporting one-click invocation.

[Alibaba Cloud Launches Team Version Token Plan with Subscription Models for Enterprises]According to monitoring by Dongcha Beating, Alibaba Cloud has launched the 'Team Version Token Plan' today, providing large model subscription services for enterprises and developer teams. The package includes over ten multimodal models such as Qwen3.6, Kimi-K2.6, GLM-5.1, and Wan2.7, allowing users to flexibly switch and call upon them within the subscription to complete tasks like code generation, image synthesis, and podcast production. The main difference from the individual version is the enterprise management features. Administrators can centrally manage seat allocation, usage statistics, and cost budgeting. The package is available in three tiers: Standard, Advanced, and Premium, allowing for on-demand selection. The platform also includes multi-tenant isolation and enterprise-level data privacy protection. In terms of compatibility with Agent tools, this package is compatible with mainstream platforms such as Claude Code, Cursor, OpenClaw, Hermes Agent, and Qwen Code, supporting one-click invocation.

Alibaba Cloud Launches Team Version Token Plan with Subscription Models for Enterprises

On May 11, Alibaba Cloud launched the Team Version of Token Plan, which includes over ten multimodal models such as Qwen3.6, Kimi-K2.6, GLM-5.1, and Wan2.7. It supports multi-seat allocation and management, offering three tiers: Standard, Advanced, and Premium, allowing users to choose flexibly based on their needs. Currently, Alibaba Cloud's Token Plan is compatible with mainstream agent tools like Qoder, JVSCrew, QwenCode, OpenClaw, HermesAgent, ClaudeCode, and Cursor, enabling users to invoke these tools with a single click within the agent.

[Alibaba Cloud Launches Team Version of Token Plan]On May 11, Alibaba Cloud launched the Team Version of Token Plan, which includes over ten multimodal models such as Qwen3.6, Kimi-K2.6, GLM-5.1, and Wan2.7. It supports multi-seat allocation and management, offering three tiers: Standard, Advanced, and Premium, allowing users to choose flexibly based on their needs. Currently, Alibaba Cloud's Token Plan is compatible with mainstream agent tools like Qoder, JVSCrew, QwenCode, OpenClaw, HermesAgent, ClaudeCode, and Cursor, enabling users to invoke these tools with a single click within the agent.

Alibaba Cloud Launches Team Version of Token Plan

On May 11, Ripple's main brokerage division has secured a maximum asset-backed debt financing line of $200 million from Neuberger Berman, aimed at expanding its margin financing services for institutional investors. Reports indicate that this financing is provided by Neuberger Berman's specialized finance division, allowing Ripple to draw up to $200 million in phases based on the borrowing needs of institutional clients in the equity, fixed income, and cryptocurrency markets.

[Ripple Secures $200 Million Financing Line from Neuberger Berman]On May 11, Ripple's main brokerage division has secured a maximum asset-backed debt financing line of $200 million from Neuberger Berman, aimed at expanding its margin financing services for institutional investors. Reports indicate that this financing is provided by Neuberger Berman's specialized finance division, allowing Ripple to draw up to $200 million in phases based on the borrowing needs of institutional clients in the equity, fixed income, and cryptocurrency markets.

Ripple Secures $200 Million Financing Line from Neuberger Berman

On May 11, Circle officially released the ARC white paper, outlining ARC as the design framework for the native coordinating asset of the Arc blockchain network. Arc is a public Layer 1 blockchain positioned as the 'Economic Operating System of the Internet,' providing shared and composable infrastructure to support economic contracts, stablecoins, tokenized assets, and global market operations. ARC is the utility-native asset of the Arc network, aligning participants with the long-term success of the network through staking, governance, fee capture, and platform-level utility functions. ARC does not represent any equity, debt, revenue rights, or asset claims of Circle; its economic value derives entirely from participants' interactions with the Arc network. ARC fulfills five structural functions: economic alignment (staking and security), platform utility functions (discounts and priority access), fee capture and distribution, governance, and expanding utility functions as the platform grows. Supply and Inflation: The initial supply of ARC is 10 billion tokens. An early adopter declining inflation model is anticipated (initially around 2-3% annually) to reward validators and stakers. The long-term goal is to achieve 'inflation neutrality' by completely offsetting new issuance through the destruction of tokens from network activity. Fee Conversion: Regardless of the asset (such as USDC) used by users to pay protocol fees, it will be programmatically converted to ARC at the protocol level, then split into two parts: one part allocated to validators and stakers as compensation, and the other part permanently destroyed to offset inflation. Allocation Plan: 60% allocated to the ecosystem (token sales, developer funding, network growth); 25% allocated to Circle (protocol development, staking, and governance); 15% allocated to long-term reserves (strategic flexibility and economic stability). In terms of governance, after Arc upgrades to a PoS mechanism, economic parameters (fee rates, inflation, destruction logic) will be determined by ARC stakers through governance voting. Initially, Circle will be responsible for protocol upgrades, security incident responses, and validator member management, gradually transitioning governance to token holders as the network matures. The Arc public testnet is set to launch in October 2025, having processed 244.1 million transactions as of May 5, 2026. The mainnet is expected to launch in the summer of 2026.

[Circle Releases ARC White Paper: Initial Supply of 10 Billion, 60% Allocated to Ecosystem, Mainnet Expected This Summer]On May 11, Circle officially released the ARC white paper, outlining ARC as the design framework for the native coordinating asset of the Arc blockchain network. Arc is a public Layer 1 blockchain positioned as the 'Economic Operating System of the Internet,' providing shared and composable infrastructure to support economic contracts, stablecoins, tokenized assets, and global market operations. ARC is the utility-native asset of the Arc network, aligning participants with the long-term success of the network through staking, governance, fee capture, and platform-level utility functions. ARC does not represent any equity, debt, revenue rights, or asset claims of Circle; its economic value derives entirely from participants' interactions with the Arc network. ARC fulfills five structural functions: economic alignment (staking and security), platform utility functions (discounts and priority access), fee capture and distribution, governance, and expanding utility functions as the platform grows. Supply and Inflation: The initial supply of ARC is 10 billion tokens. An early adopter declining inflation model is anticipated (initially around 2-3% annually) to reward validators and stakers. The long-term goal is to achieve 'inflation neutrality' by completely offsetting new issuance through the destruction of tokens from network activity. Fee Conversion: Regardless of the asset (such as USDC) used by users to pay protocol fees, it will be programmatically converted to ARC at the protocol level, then split into two parts: one part allocated to validators and stakers as compensation, and the other part permanently destroyed to offset inflation. Allocation Plan: 60% allocated to the ecosystem (token sales, developer funding, network growth); 25% allocated to Circle (protocol development, staking, and governance); 15% allocated to long-term reserves (strategic flexibility and economic stability). In terms of governance, after Arc upgrades to a PoS mechanism, economic parameters (fee rates, inflation, destruction logic) will be determined by ARC stakers through governance voting. Initially, Circle will be responsible for protocol upgrades, security incident responses, and validator member management, gradually transitioning governance to token holders as the network matures. The Arc public testnet is set to launch in October 2025, having processed 244.1 million transactions as of May 5, 2026. The mainnet is expected to launch in the summer of 2026.

Circle Releases ARC White Paper: Initial Supply of 10 Billion, 60% Allocated to Ecosystem, Mainnet Expected This Summer

Mobile game developer Revolving Games has announced the closing of a $13.2 million seed funding round led by Pantera Capital with participation from Animoca Brands, Polygon, Dapper Labs and Rockstar Games founder Dan Houser. The new funding will reportedly be used to build 3A-rated Web3 games.

Detail

【Revolving Games Closes $13.2 Million Seed Round】Mobile game developer Revolving Games has announced the closing of a $13.2 million seed funding round led by Pantera Capital with participation from Animoca Brands, Polygon, Dapper Labs and Rockstar Games founder Dan Houser. The new funding will reportedly be used to build 3A-rated Web3 games.

Revolving Games Closes $13.2 Million Seed Round

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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.

Revolving Games Closes $13.2 Million Seed Round

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