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On May 13, BofA Global Research raised the target price for Nvidia (NVDA.O) from $300 to $320.

[BofA Global Research Raises Nvidia Target Price from $300 to $320]On May 13, BofA Global Research raised the target price for Nvidia (NVDA.O) from $300 to $320.

BofA Global Research Raises Nvidia Target Price from $300 to $320

On May 13, quantitative giant Jane Street disclosed in its latest 13F filing with the SEC that it significantly reduced its Bitcoin ETF exposure in the first quarter of 2026. Its holdings in IBIT decreased by approximately 71% to 5,872,212 shares, valued at about $225.6 million. Holdings in FBTC fell by about 60% to 1,954,174 shares, worth approximately $115 million. Additionally, its holdings in MSTR also saw a quarter-over-quarter decrease of about 78% to 209,833 shares, valued at approximately $26.18 million.

[Jane Street Significantly Reduces Bitcoin ETF Exposure in Q1, IBIT Holdings Decrease by 71%]On May 13, quantitative giant Jane Street disclosed in its latest 13F filing with the SEC that it significantly reduced its Bitcoin ETF exposure in the first quarter of 2026. Its holdings in IBIT decreased by approximately 71% to 5,872,212 shares, valued at about $225.6 million. Holdings in FBTC fell by about 60% to 1,954,174 shares, worth approximately $115 million. Additionally, its holdings in MSTR also saw a quarter-over-quarter decrease of about 78% to 209,833 shares, valued at approximately $26.18 million.

Jane Street Significantly Reduces Bitcoin ETF Exposure in Q1, IBIT Holdings Decrease by 71%

On May 13, QCP stated that Bitcoin is currently maintaining a weak consolidation pattern, but the overall market remains orderly. BTC is stabilizing above $80,000 amidst ETF fund outflows and a slightly higher-than-expected U.S. CPI, currently fluctuating around $82,000. They believe that downward momentum is weakening, but $84,000 remains a key resistance level. QCP pointed out that the U.S. core CPI for April recorded a year-on-year increase of 2.8%, higher than the market expectation of 2.7%, which once pushed the 10-year U.S. Treasury yield up to 4.46%. Housing costs are the main source of upward inflation, while core goods inflation excluding housing remains relatively mild, indicating that tariff impacts have not fully transmitted to goods inflation. However, they believe the more critical issue lies in 'supercore inflation,' as core services inflation excluding housing has accelerated for the third consecutive month, suggesting that the threshold for the Federal Reserve to cut interest rates remains high. QCP noted that the current market is focused on PPI data, discussions between Trump and Chinese leaders, and the progress of the U.S. CLARITY Act. In the absence of new catalysts, BTC may continue to fluctuate below the $84,000 range in the short term, while market volatility remains compressed.

[QCP: BTC May Continue to Fluctuate Below $84,000 Without New Catalysts]On May 13, QCP stated that Bitcoin is currently maintaining a weak consolidation pattern, but the overall market remains orderly. BTC is stabilizing above $80,000 amidst ETF fund outflows and a slightly higher-than-expected U.S. CPI, currently fluctuating around $82,000. They believe that downward momentum is weakening, but $84,000 remains a key resistance level. QCP pointed out that the U.S. core CPI for April recorded a year-on-year increase of 2.8%, higher than the market expectation of 2.7%, which once pushed the 10-year U.S. Treasury yield up to 4.46%. Housing costs are the main source of upward inflation, while core goods inflation excluding housing remains relatively mild, indicating that tariff impacts have not fully transmitted to goods inflation. However, they believe the more critical issue lies in 'supercore inflation,' as core services inflation excluding housing has accelerated for the third consecutive month, suggesting that the threshold for the Federal Reserve to cut interest rates remains high. QCP noted that the current market is focused on PPI data, discussions between Trump and Chinese leaders, and the progress of the U.S. CLARITY Act. In the absence of new catalysts, BTC may continue to fluctuate below the $84,000 range in the short term, while market volatility remains compressed.

QCP: BTC May Continue to Fluctuate Below $84,000 Without New Catalysts

On May 13, Alibaba's pre-market decline in U.S. stocks expanded to 2.6% following the release of its Q4 financial report.

[Alibaba's Pre-Market Decline Expands to 2.6%]On May 13, Alibaba's pre-market decline in U.S. stocks expanded to 2.6% following the release of its Q4 financial report.

Alibaba's Pre-Market Decline Expands to 2.6%

On May 13, the MGBX platform will launch the '522 Pizza Festival and Team Championship' from May 20 to June 9, 2026 (SGT), open to all MGBX users. Participants can engage in contract trading, team leaderboard competitions, elite contract rankings, and pizza blind box rewards, with a total prize pool exceeding 1,000,000 USDT. The team leaderboard prize pool is 200,000 USDT, with a maximum cash reward of 35,000 USDT. Eligible KOLs and partners can form teams to compete for leaderboard rewards. The first 50 team captains who meet specified trading volume conditions will receive an additional 1,000 USDT cash reward. The registration deadline is May 20, 2026, at 23:59 (SGT), or until spots are filled.

[MGBX 522 Pizza Festival and Team Championship with Total Prize Pool of 1 Million USDT]On May 13, the MGBX platform will launch the '522 Pizza Festival and Team Championship' from May 20 to June 9, 2026 (SGT), open to all MGBX users. Participants can engage in contract trading, team leaderboard competitions, elite contract rankings, and pizza blind box rewards, with a total prize pool exceeding 1,000,000 USDT. The team leaderboard prize pool is 200,000 USDT, with a maximum cash reward of 35,000 USDT. Eligible KOLs and partners can form teams to compete for leaderboard rewards. The first 50 team captains who meet specified trading volume conditions will receive an additional 1,000 USDT cash reward. The registration deadline is May 20, 2026, at 23:59 (SGT), or until spots are filled.

MGBX 522 Pizza Festival and Team Championship with Total Prize Pool of 1 Million USDT

On May 13, at Tencent's shareholder meeting, Chairman and CEO Pony Ma stated that Tencent's early foundational capabilities in AI were not outstanding. In recent years, the company has been continuously addressing its shortcomings through talent development, team management, and internal training, and is now gradually getting on the right track for development. In response to external doubts about whether Tencent's AI is lagging behind, Ma provided his most candid response to date. He said, 'A year ago, we thought we were on the ship, but later found that the ship was leaking. Now we feel like we are standing on it, but we can't sit down yet. We hope the ship can go a bit faster.' Ma also emphasized that Tencent may not be the fastest in seizing opportunities in the industry, but it is committed to following the right path and steadily leveraging its unique advantages. 'We can't just look at others and casually jump in to take their territory. We have done that in the past, but it mostly ended in failure.'

[Pony Ma Responds to Concerns About Tencent's AI Lag: 'We Thought We Were on the Ship, Only to Find It Leaking']On May 13, at Tencent's shareholder meeting, Chairman and CEO Pony Ma stated that Tencent's early foundational capabilities in AI were not outstanding. In recent years, the company has been continuously addressing its shortcomings through talent development, team management, and internal training, and is now gradually getting on the right track for development. In response to external doubts about whether Tencent's AI is lagging behind, Ma provided his most candid response to date. He said, 'A year ago, we thought we were on the ship, but later found that the ship was leaking. Now we feel like we are standing on it, but we can't sit down yet. We hope the ship can go a bit faster.' Ma also emphasized that Tencent may not be the fastest in seizing opportunities in the industry, but it is committed to following the right path and steadily leveraging its unique advantages. 'We can't just look at others and casually jump in to take their territory. We have done that in the past, but it mostly ended in failure.'

Pony Ma Responds to Concerns About Tencent's AI Lag: 'We Thought We Were on the Ship, Only to Find It Leaking'

On May 13, on-chain analyst Ai Yi (@ai_9684xtpa) reported that the address 0xcf6…6eb24 has made a profit of $1.15 million from a long position in INTC (Intel), making it the top account for floating profits in the Hyperliquid token. This address has a total position of $7.65 million, all in long positions, which include three U.S. stock tokens (Micron MU/Intel INTC/Nvidia NVDA) and three cryptocurrency tokens (ONDO/XPL/CHIP), with a total floating profit of $2.652 million.

[Address Profits $1.15 Million from Long Position in Intel, Total Account Profit Reaches $2.652 Million]On May 13, on-chain analyst Ai Yi (@ai_9684xtpa) reported that the address 0xcf6…6eb24 has made a profit of $1.15 million from a long position in INTC (Intel), making it the top account for floating profits in the Hyperliquid token. This address has a total position of $7.65 million, all in long positions, which include three U.S. stock tokens (Micron MU/Intel INTC/Nvidia NVDA) and three cryptocurrency tokens (ONDO/XPL/CHIP), with a total floating profit of $2.652 million.

Address Profits $1.15 Million from Long Position in Intel, Total Account Profit Reaches $2.652 Million

On May 13, Alibaba (09988.HK) reported that for the quarter ending March 31, 2026, the Cloud Intelligence Group's revenue was RMB 41.626 billion (USD 6.035 billion), marking a 38% year-over-year increase, with external commercialization revenue accelerating to a 40% year-over-year growth. This growth momentum was primarily driven by the increase in public cloud business revenue, which includes a rise in the adoption of AI-related products. In this quarter, revenue from AI-related products remained strong at RMB 8.971 billion, achieving triple-digit year-over-year growth for the eleventh consecutive quarter.

[Alibaba: AI-Related Product Revenue Achieves 11th Consecutive Quarter of Triple-Digit Year-Over-Year Growth]On May 13, Alibaba (09988.HK) reported that for the quarter ending March 31, 2026, the Cloud Intelligence Group's revenue was RMB 41.626 billion (USD 6.035 billion), marking a 38% year-over-year increase, with external commercialization revenue accelerating to a 40% year-over-year growth. This growth momentum was primarily driven by the increase in public cloud business revenue, which includes a rise in the adoption of AI-related products. In this quarter, revenue from AI-related products remained strong at RMB 8.971 billion, achieving triple-digit year-over-year growth for the eleventh consecutive quarter.

Alibaba: AI-Related Product Revenue Achieves 11th Consecutive Quarter of Triple-Digit Year-Over-Year Growth

On May 13, during Tencent's shareholder meeting, Chairman and CEO Pony Ma provided the most candid response to date regarding concerns about whether Tencent's AI is lagging behind. He stated, "A year ago, we thought we were on board, but later found that the ship was leaking. Now, we feel like we are on board, but we haven't settled in yet. We hope the ship can go a bit faster." Ma acknowledged the company's tumultuous journey in the field of artificial intelligence and humorously illustrated the current situation: they are on the ship but have not yet found their footing. He also emphasized that Tencent may not be the fastest in seizing opportunities in the industry, but they are committed to following the right path and leveraging their unique advantages steadily. "We can't just look at others and casually jump over to seize their territory. We have done that in the past but ultimately failed," he added. (Wall Street Journal)

[Pony Ma Responds to Concerns About Tencent's AI Lag: 'We Thought We Were on Board, But Found the Ship Leaking']On May 13, during Tencent's shareholder meeting, Chairman and CEO Pony Ma provided the most candid response to date regarding concerns about whether Tencent's AI is lagging behind. He stated, "A year ago, we thought we were on board, but later found that the ship was leaking. Now, we feel like we are on board, but we haven't settled in yet. We hope the ship can go a bit faster." Ma acknowledged the company's tumultuous journey in the field of artificial intelligence and humorously illustrated the current situation: they are on the ship but have not yet found their footing. He also emphasized that Tencent may not be the fastest in seizing opportunities in the industry, but they are committed to following the right path and leveraging their unique advantages steadily. "We can't just look at others and casually jump over to seize their territory. We have done that in the past but ultimately failed," he added. (Wall Street Journal)

Pony Ma Responds to Concerns About Tencent's AI Lag: 'We Thought We Were on Board, But Found the Ship Leaking'

1. Scalability is Ethereum’s post-Merge focus: Vitalik Buterin;
2. Bitcoin ‘might double in price’ under CFTC regulation, CFTC chairman says;
3. Kazakhstan draws up first industry bill on digital mining and cryptocurrencies;
4. Europe AML rules could implicate DeFi, DAOs and NFTs.

#POLICY
1. Non-euro stablecoin transaction cap revived in MiCA;
2. US lawmakers propose amending cybersecurity bill to include crypto firms reporting potential threats;
3. CFTC commissioner proposes office focused on retail crypto investors;
4. Kazakhstan draws up first industry bill on digital mining and cryptocurrencies;
5. ECB will soon start work on a rulebook for the digital euro scheme;
6. French central banker warns complex crypto regulations could create 'uneven playing field';
7. EU lawmakers attack Amazon’s involvement in digital euro project;
8. Russia said to allow crypto mining in regions with hydroelectric and nuclear power;
9. Europe AML rules could implicate DeFi, DAOs and NFTs;
10. UK watchdog dismisses criticisms over crypto authorisations.

#CRYPTOCURRENCY 
1. Scalability is Ethereum’s post-Merge focus: Vitalik Buterin;
2. Bitcoin ‘might double in price’ under CFTC regulation, CFTC chairman says;
3. SWIFT is using the Cross-Chain Interoperability Protocol (CCIP) in an initial proof of concept;
4. SEC charges the Hydrogen Technology Corp for market manipulation of crypto asset securities;
5. Delaware DOJ freezes wallets, accounts in 'pig butchering' crypto scams;
6. Hong Kong Monetary Authority will launch trials to find suitable use for proposed digital dollar;
7. BTC long-term holders are selling BTC at an avg loss of 42%;
8. Bernstein says Polygon blockchain is bringing crypto to consumers;
9. Ooki DAO is mulling its options to fight back against the CFTC;
10. BlackRock launches blockchain ETF for European clients;
11. Crypto is quietly thriving in Sub-Saharan Africa: Chainalysis report;
12. U.S. Senator Lummis says Bitcoin has the potential to solve existing financial challenges like inflation;
13. Ethereum co-founder raises concerns over ETH’s centralization post-Merge.

#NFT 
1. OpenSea supports searching accounts by ENS;
2. OpenSea accounted for 76% of Ethereum NFT transaction volume in the past 90 days;
3. ApeCoin DAO community AIP-88 proposal passed;
4. UNICEF uses NFTs to raise funds for developing countries.

#DeFi
1. Acala has passed and executed Phase 2 community vote to resume operations;
2. Loopring Layer 2 launches L2 DeFi Port.

#FUNDING
1. AIKON raises $10M led by Morgan Creek Digital;
2. Former Revolut employees raise $3.5 million to build crypto investment app Solvo;
3. Cardano's founding entity Emurgo to invest over $200M to boost ecosystem;
4. Blockchain anti-money laundering startup Armalytix raises $1 million;
5. Latin American NFT marketplace Minteo raises $4.3 million seed round.

#Web3
1. Web3’s overall marketing strategy, says ex-Google CEO.

#METAVERSE
1. Now sign legally-binding documents in first metaverse office of UAE Ministry of Economy.

Detail

【Huobi Daily】1. Scalability is Ethereum’s post-Merge focus: Vitalik Buterin;
2. Bitcoin ‘might double in price’ under CFTC regulation, CFTC chairman says;
3. Kazakhstan draws up first industry bill on digital mining and cryptocurrencies;
4. Europe AML rules could implicate DeFi, DAOs and NFTs.

#POLICY
1. Non-euro stablecoin transaction cap revived in MiCA;
2. US lawmakers propose amending cybersecurity bill to include crypto firms reporting potential threats;
3. CFTC commissioner proposes office focused on retail crypto investors;
4. Kazakhstan draws up first industry bill on digital mining and cryptocurrencies;
5. ECB will soon start work on a rulebook for the digital euro scheme;
6. French central banker warns complex crypto regulations could create 'uneven playing field';
7. EU lawmakers attack Amazon’s involvement in digital euro project;
8. Russia said to allow crypto mining in regions with hydroelectric and nuclear power;
9. Europe AML rules could implicate DeFi, DAOs and NFTs;
10. UK watchdog dismisses criticisms over crypto authorisations.

#CRYPTOCURRENCY 
1. Scalability is Ethereum’s post-Merge focus: Vitalik Buterin;
2. Bitcoin ‘might double in price’ under CFTC regulation, CFTC chairman says;
3. SWIFT is using the Cross-Chain Interoperability Protocol (CCIP) in an initial proof of concept;
4. SEC charges the Hydrogen Technology Corp for market manipulation of crypto asset securities;
5. Delaware DOJ freezes wallets, accounts in 'pig butchering' crypto scams;
6. Hong Kong Monetary Authority will launch trials to find suitable use for proposed digital dollar;
7. BTC long-term holders are selling BTC at an avg loss of 42%;
8. Bernstein says Polygon blockchain is bringing crypto to consumers;
9. Ooki DAO is mulling its options to fight back against the CFTC;
10. BlackRock launches blockchain ETF for European clients;
11. Crypto is quietly thriving in Sub-Saharan Africa: Chainalysis report;
12. U.S. Senator Lummis says Bitcoin has the potential to solve existing financial challenges like inflation;
13. Ethereum co-founder raises concerns over ETH’s centralization post-Merge.

#NFT 
1. OpenSea supports searching accounts by ENS;
2. OpenSea accounted for 76% of Ethereum NFT transaction volume in the past 90 days;
3. ApeCoin DAO community AIP-88 proposal passed;
4. UNICEF uses NFTs to raise funds for developing countries.

#DeFi
1. Acala has passed and executed Phase 2 community vote to resume operations;
2. Loopring Layer 2 launches L2 DeFi Port.

#FUNDING
1. AIKON raises $10M led by Morgan Creek Digital;
2. Former Revolut employees raise $3.5 million to build crypto investment app Solvo;
3. Cardano's founding entity Emurgo to invest over $200M to boost ecosystem;
4. Blockchain anti-money laundering startup Armalytix raises $1 million;
5. Latin American NFT marketplace Minteo raises $4.3 million seed round.

#Web3
1. Web3’s overall marketing strategy, says ex-Google CEO.

#METAVERSE
1. Now sign legally-binding documents in first metaverse office of UAE Ministry of Economy.

Huobi Daily

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Huobi Daily

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

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