7*24

Hot topic

Market

Activities

On May 12, the U.S. stock market continued its downward trend, with the Nasdaq falling over 1%, the S&P 500 index dropping 0.65%, and the Dow Jones decreasing by 0.55%.

[Nasdaq Falls Over 1%, S&P 500 Index Drops 0.65%]On May 12, the U.S. stock market continued its downward trend, with the Nasdaq falling over 1%, the S&P 500 index dropping 0.65%, and the Dow Jones decreasing by 0.55%.

Nasdaq Falls Over 1%, S&P 500 Index Drops 0.65%

On May 12, data showed that five spot XRP ETFs listed in the U.S. recorded a total net inflow of $25.8 million on Monday, marking the largest single-day capital inflow since January 5, 2026, with a cumulative net inflow now reaching $1.35 billion. Among these, Franklin Templeton's XRPZ saw an inflow of $13.6 million, Bitwise XRP ETF had an inflow of $7.6 million, and Grayscale GXRP attracted $4.6 million. Reports indicate that this round of capital inflow is related to several recent developments by Ripple. Ripple recently announced the completion of a $200 million debt financing to expand its institutional brokerage platform, Ripple Prime. Additionally, last week, Ripple collaborated with JPMorgan Chase, Mastercard, and Ondo Finance to complete a tokenization settlement test of U.S. Treasury bonds on the XRP Ledger, with the redemption process taking less than five seconds. Meanwhile, Ripple also unveiled a 'four-phase roadmap' aiming to achieve a 'quantum-resistant' upgrade for the XRP Ledger by 2028, which includes an emergency mechanism for fund recovery through zero-knowledge proofs in extreme scenarios. Market analysts believe that as the application of XRP increases in cross-border payments, institutional settlements, and tokenized assets, the demand for its ETFs is gradually shifting from mere speculation to an infrastructure narrative. Despite the continuous inflow of ETF funds, the price of XRP has still fallen approximately 39% over the past six months, currently priced at about $1.47, significantly down from its historical high of around $3.65 in July 2025.

[U.S. Spot XRP ETFs See $25.8 Million Net Inflow in One Day, Highest Since January]On May 12, data showed that five spot XRP ETFs listed in the U.S. recorded a total net inflow of $25.8 million on Monday, marking the largest single-day capital inflow since January 5, 2026, with a cumulative net inflow now reaching $1.35 billion. Among these, Franklin Templeton's XRPZ saw an inflow of $13.6 million, Bitwise XRP ETF had an inflow of $7.6 million, and Grayscale GXRP attracted $4.6 million. Reports indicate that this round of capital inflow is related to several recent developments by Ripple. Ripple recently announced the completion of a $200 million debt financing to expand its institutional brokerage platform, Ripple Prime. Additionally, last week, Ripple collaborated with JPMorgan Chase, Mastercard, and Ondo Finance to complete a tokenization settlement test of U.S. Treasury bonds on the XRP Ledger, with the redemption process taking less than five seconds. Meanwhile, Ripple also unveiled a 'four-phase roadmap' aiming to achieve a 'quantum-resistant' upgrade for the XRP Ledger by 2028, which includes an emergency mechanism for fund recovery through zero-knowledge proofs in extreme scenarios. Market analysts believe that as the application of XRP increases in cross-border payments, institutional settlements, and tokenized assets, the demand for its ETFs is gradually shifting from mere speculation to an infrastructure narrative. Despite the continuous inflow of ETF funds, the price of XRP has still fallen approximately 39% over the past six months, currently priced at about $1.47, significantly down from its historical high of around $3.65 in July 2025.

U.S. Spot XRP ETFs See $25.8 Million Net Inflow in One Day, Highest Since January

On May 12, Sam Altman is expected to testify at the federal court in Oakland, California, on Tuesday local time, regarding the lawsuit filed by Elon Musk against OpenAI. According to lawyers during Monday's hearing, Altman will take the stand after OpenAI Board Chair Bret Taylor completes his testimony. Musk filed the lawsuit in 2024 against OpenAI, Altman, and President Greg Brockman, accusing the company of violating its original commitments to be 'non-profit' and 'mission-driven,' and claiming that approximately $38 million he previously donated to OpenAI was used for unauthorized commercial purposes. Taylor emphasized the functions of the OpenAI board and the governance structure following the company's reorganization during Monday's hearing. He stated that during Altman's brief removal as CEO in 2023, the company faced a situation that could have led to its 'potential collapse.' Taylor also noted that after OpenAI's capital restructuring last year, the company's structure has become clearer, but the non-profit entity still retains control. Additionally, some investors, including SoftBank and Thrive Capital, had tied investment conditions to adjustments in the company's structure. On the other hand, Satya Nadella also testified on Monday. Nadella stated that Musk had never raised concerns with him regarding Microsoft's investment in OpenAI violating any special agreements, and expressed pride in Microsoft's decision to invest in OpenAI 'when no one was willing to bet.' Nadella also commented on the board turmoil at OpenAI in 2023, saying, 'In my view, it was like amateur hour.'

[Latest Developments in OpenAI vs. Musk Lawsuit: Sam Altman to Testify Today]On May 12, Sam Altman is expected to testify at the federal court in Oakland, California, on Tuesday local time, regarding the lawsuit filed by Elon Musk against OpenAI. According to lawyers during Monday's hearing, Altman will take the stand after OpenAI Board Chair Bret Taylor completes his testimony. Musk filed the lawsuit in 2024 against OpenAI, Altman, and President Greg Brockman, accusing the company of violating its original commitments to be 'non-profit' and 'mission-driven,' and claiming that approximately $38 million he previously donated to OpenAI was used for unauthorized commercial purposes. Taylor emphasized the functions of the OpenAI board and the governance structure following the company's reorganization during Monday's hearing. He stated that during Altman's brief removal as CEO in 2023, the company faced a situation that could have led to its 'potential collapse.' Taylor also noted that after OpenAI's capital restructuring last year, the company's structure has become clearer, but the non-profit entity still retains control. Additionally, some investors, including SoftBank and Thrive Capital, had tied investment conditions to adjustments in the company's structure. On the other hand, Satya Nadella also testified on Monday. Nadella stated that Musk had never raised concerns with him regarding Microsoft's investment in OpenAI violating any special agreements, and expressed pride in Microsoft's decision to invest in OpenAI 'when no one was willing to bet.' Nadella also commented on the board turmoil at OpenAI in 2023, saying, 'In my view, it was like amateur hour.'

Latest Developments in OpenAI vs. Musk Lawsuit: Sam Altman to Testify Today

On May 12, international oil prices continued to rise on Tuesday as hopes for a ceasefire agreement in Iran weakened, while reports emerged that U.S. President Trump is considering resuming military action. As of 10:10 AM Eastern Time on Tuesday, Brent crude prices increased by over 3.5%, reaching $107.89 per barrel; WTI crude rose by 3.62%, surpassing the $100 per barrel mark again. Reports indicate that Trump discussed follow-up plans regarding the situation in Iran with his national security team on Monday. Although the White House still hopes to reach an agreement to end the conflict, significant core differences between the U.S. and Iran remain. Axios cited U.S. officials stating that Trump is considering further pressuring Iran by resuming military actions to advance negotiations. One official mentioned that Trump may 'increase pressure further.' Trump had previously stated that U.S.-Iran negotiations are currently 'on life support' and criticized Iran's response to the U.S. proposal as 'extremely weak.' Additionally, the U.S. government is also considering resuming the 'Project Freedom' operation, a military escort plan to ensure the safe passage of international vessels amid Iran's blockade of the Strait of Hormuz. This operation had been suspended the previous week.

[Iran Negotiation Stalemate Continues, International Oil Prices Surge, WTI Reaches $100 Again]On May 12, international oil prices continued to rise on Tuesday as hopes for a ceasefire agreement in Iran weakened, while reports emerged that U.S. President Trump is considering resuming military action. As of 10:10 AM Eastern Time on Tuesday, Brent crude prices increased by over 3.5%, reaching $107.89 per barrel; WTI crude rose by 3.62%, surpassing the $100 per barrel mark again. Reports indicate that Trump discussed follow-up plans regarding the situation in Iran with his national security team on Monday. Although the White House still hopes to reach an agreement to end the conflict, significant core differences between the U.S. and Iran remain. Axios cited U.S. officials stating that Trump is considering further pressuring Iran by resuming military actions to advance negotiations. One official mentioned that Trump may 'increase pressure further.' Trump had previously stated that U.S.-Iran negotiations are currently 'on life support' and criticized Iran's response to the U.S. proposal as 'extremely weak.' Additionally, the U.S. government is also considering resuming the 'Project Freedom' operation, a military escort plan to ensure the safe passage of international vessels amid Iran's blockade of the Strait of Hormuz. This operation had been suspended the previous week.

Iran Negotiation Stalemate Continues, International Oil Prices Surge, WTI Reaches $100 Again

On May 12, Matt Mena from 21shares stated that despite the CPI report being hotter than expected, Bitcoin remains strong above the $80,000 mark, indicating that there is further upside potential for its price. "Bitcoin did not decline due to this data, which arguably says more than the data itself — the market was prepared for the overheating data, absorbed it, and still maintained above the $80,000 support level," Mena said. "As these macro headwinds are cleared, we may eventually see Bitcoin retest the $82,000 resistance level and push towards $85,000." Mena added that the Senate vote on the CLARITY Act could also serve as a catalyst for an impending price surge, potentially reaching as high as $90,000. Bitcoin fell 1.4% to $80,682.

[Report: Bitcoin Has Further Upside Potential]On May 12, Matt Mena from 21shares stated that despite the CPI report being hotter than expected, Bitcoin remains strong above the $80,000 mark, indicating that there is further upside potential for its price. "Bitcoin did not decline due to this data, which arguably says more than the data itself — the market was prepared for the overheating data, absorbed it, and still maintained above the $80,000 support level," Mena said. "As these macro headwinds are cleared, we may eventually see Bitcoin retest the $82,000 resistance level and push towards $85,000." Mena added that the Senate vote on the CLARITY Act could also serve as a catalyst for an impending price surge, potentially reaching as high as $90,000. Bitcoin fell 1.4% to $80,682.

Report: Bitcoin Has Further Upside Potential

On May 12, U.S. Senator Cynthia Lummis stated that after nearly a year of bipartisan cooperation, the U.S. Digital Asset Market Structure Act (CLARITY Act) is set to enter the committee review stage this week, bringing the U.S. closer to 'consolidating its global leadership in financial innovation.' Lummis remarked, 'Wyoming has been at the forefront of exploration, and now Washington is following suit.' Previously, Republican members of the Senate Banking Committee announced that Committee Chairman Tim Scott, Lummis, and Thom Tillis have jointly released the text of the market structure bill. According to the statement, the bill aims to establish a clear regulatory framework for the digital asset industry, protect investors, combat illegal financial activities, and encourage innovation to remain in the U.S.

[Senator Cynthia Lummis: CLARITY Act to Strengthen U.S. Leadership in Financial Innovation]On May 12, U.S. Senator Cynthia Lummis stated that after nearly a year of bipartisan cooperation, the U.S. Digital Asset Market Structure Act (CLARITY Act) is set to enter the committee review stage this week, bringing the U.S. closer to 'consolidating its global leadership in financial innovation.' Lummis remarked, 'Wyoming has been at the forefront of exploration, and now Washington is following suit.' Previously, Republican members of the Senate Banking Committee announced that Committee Chairman Tim Scott, Lummis, and Thom Tillis have jointly released the text of the market structure bill. According to the statement, the bill aims to establish a clear regulatory framework for the digital asset industry, protect investors, combat illegal financial activities, and encourage innovation to remain in the U.S.

Senator Cynthia Lummis: CLARITY Act to Strengthen U.S. Leadership in Financial Innovation

On May 12, copper prices broke through $14,000 per ton, nearing historical highs, as a rebound in Asian demand and rising supply risks outweighed concerns about the impact of the Iran war on global economic growth. The London Metal Exchange copper price rose by 0.6% at one point, reaching $14,025 per ton, close to the historical high of $14,500 per ton set in January. Driven by a rebound in Asian demand and tight sulfur supplies in the Middle East (which pose a threat to some copper production), copper, as a market bellwether, has seen a strong increase recently. Additionally, with a surge in technology stocks, copper prices have become highly correlated with the U.S. stock market. In recent weeks, the factors driving copper price increases have been sufficient to offset concerns about the threats posed by the Middle East conflict to the global industrial economy.

[Copper Price Surpasses $14,000, Approaching Historical Highs]On May 12, copper prices broke through $14,000 per ton, nearing historical highs, as a rebound in Asian demand and rising supply risks outweighed concerns about the impact of the Iran war on global economic growth. The London Metal Exchange copper price rose by 0.6% at one point, reaching $14,025 per ton, close to the historical high of $14,500 per ton set in January. Driven by a rebound in Asian demand and tight sulfur supplies in the Middle East (which pose a threat to some copper production), copper, as a market bellwether, has seen a strong increase recently. Additionally, with a surge in technology stocks, copper prices have become highly correlated with the U.S. stock market. In recent weeks, the factors driving copper price increases have been sufficient to offset concerns about the threats posed by the Middle East conflict to the global industrial economy.

Copper Price Surpasses $14,000, Approaching Historical Highs

On May 12, Federal Reserve's Goolsbee stated that, compared to energy prices heavily influenced by geopolitical factors, the Fed is currently more focused on whether rising service sector prices reflect overheating in domestic demand in the U.S. Goolsbee indicated that if service sector inflation continues to rise and evolves into 'endogenous inflation,' the Fed must consider taking measures to 'break the escalating inflation chain.' The U.S. Consumer Price Index (CPI) in April rose 3.8% year-on-year, marking a new high for 2023. Although gasoline prices have increased by about 28% over the past two months, becoming a significant factor driving overall inflation, Goolsbee believes that even excluding energy and tariff factors, price pressures are still expanding. Data shows that in April, core service costs in the U.S., excluding energy and housing, rose 0.5% month-on-month, with hotel prices experiencing the largest increase since 2024, and airfare prices rising 2.8% month-on-month due to fuel surcharges and decreased capacity. Meanwhile, the inflation-adjusted average hourly wage in the U.S. fell 0.3% year-on-year in April, marking the first negative change in nearly three years, indicating that income growth for residents has begun to lag behind price increases. On the policy front, the Fed has maintained interest rates above 5% for several months. As inflation continues to exceed the 2% target, market expectations for interest rate cuts in 2026 have significantly cooled, leading to a recent rise in U.S. Treasury yields. Goolsbee emphasized that the current key task is to 'cut the inflation spiral,' and the upcoming PPI and PCE data will serve as important indicators for assessing whether the U.S. economy is experiencing sustained overheating.

[Fed's Goolsbee: Service Sector Inflation May Indicate Economic Overheating, Caution Needed Against 'Inflation Spiral']On May 12, Federal Reserve's Goolsbee stated that, compared to energy prices heavily influenced by geopolitical factors, the Fed is currently more focused on whether rising service sector prices reflect overheating in domestic demand in the U.S. Goolsbee indicated that if service sector inflation continues to rise and evolves into 'endogenous inflation,' the Fed must consider taking measures to 'break the escalating inflation chain.' The U.S. Consumer Price Index (CPI) in April rose 3.8% year-on-year, marking a new high for 2023. Although gasoline prices have increased by about 28% over the past two months, becoming a significant factor driving overall inflation, Goolsbee believes that even excluding energy and tariff factors, price pressures are still expanding. Data shows that in April, core service costs in the U.S., excluding energy and housing, rose 0.5% month-on-month, with hotel prices experiencing the largest increase since 2024, and airfare prices rising 2.8% month-on-month due to fuel surcharges and decreased capacity. Meanwhile, the inflation-adjusted average hourly wage in the U.S. fell 0.3% year-on-year in April, marking the first negative change in nearly three years, indicating that income growth for residents has begun to lag behind price increases. On the policy front, the Fed has maintained interest rates above 5% for several months. As inflation continues to exceed the 2% target, market expectations for interest rate cuts in 2026 have significantly cooled, leading to a recent rise in U.S. Treasury yields. Goolsbee emphasized that the current key task is to 'cut the inflation spiral,' and the upcoming PPI and PCE data will serve as important indicators for assessing whether the U.S. economy is experiencing sustained overheating.

Fed's Goolsbee: Service Sector Inflation May Indicate Economic Overheating, Caution Needed Against 'Inflation Spiral'

On May 12, President Trump stated that there is no rush to resolve the conflict with Iran. In an interview, Trump mentioned that Iran is facing a situation where its sources of income are being cut off. He also expressed confidence in his ability to prevent Iran from developing nuclear weapons, stating, 'It's just a matter of time.'

[Trump: Stopping Iran from Developing Nuclear Weapons is 'Just a Matter of Time']On May 12, President Trump stated that there is no rush to resolve the conflict with Iran. In an interview, Trump mentioned that Iran is facing a situation where its sources of income are being cut off. He also expressed confidence in his ability to prevent Iran from developing nuclear weapons, stating, 'It's just a matter of time.'

Trump: Stopping Iran from Developing Nuclear Weapons is 'Just a Matter of Time'

OXIO, a telecom-as-a-service (TAAS) platform that turns mobile data into blockchain-based digital assets, raised $40 million in a Series B funding round led by ParaFi Capital. Ascend, Leydon and CoinDesk parent company Digital Currency Group also participated in the Series B funding round and were joined by previous investors Multicoin Capital, Monashees, Atlantico Capital and FinTech Collective. The proceeds will be used to accelerate OXIO’s business in Mexico and expand its network to the U.S. and Brazil, Girard said, adding that it plans to boost the company’s product and engineering teams in the U.S. and Mexico.

Detail

【OXIO raises $40M to bring tokenized telco model to US and Brazil】OXIO, a telecom-as-a-service (TAAS) platform that turns mobile data into blockchain-based digital assets, raised $40 million in a Series B funding round led by ParaFi Capital. Ascend, Leydon and CoinDesk parent company Digital Currency Group also participated in the Series B funding round and were joined by previous investors Multicoin Capital, Monashees, Atlantico Capital and FinTech Collective. The proceeds will be used to accelerate OXIO’s business in Mexico and expand its network to the U.S. and Brazil, Girard said, adding that it plans to boost the company’s product and engineering teams in the U.S. and Mexico.

OXIO raises $40M to bring tokenized telco model to US and Brazil

Coinbase裁员14%，熊市和AI哪个才是主因？

David Schwartz Says Ripple Stock Is His Real Bet, Not XRP

租来的轨道：这一波稳定币 FX 热钱，到底在为什么买单？

MegaETH 如何让 TVL 在 TGE 一周内达到 700m？拆解包装手法

South Korea’s First Bank-Led Crypto Picks A Quantum Security Partner — Here’s Why It Matters

Bulls Approach the Ceiling

The Bitcoin Vector #54

Roobet Launches Prediction Markets on May 6, The First Major Crypto Casino to Integrate the Format

Pre-ETF Era Bitcoin Whales Surface To Cash In On $80,000 Rally

Article

ACA fluctuated over 50% in 24 hours!

OXIO raises $40M to bring tokenized telco model to US and Brazil

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

All Comments0LatestHot

Trending Topics