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On May 12, following the release of CPI data, the U.S. 10-year Treasury yield continued its earlier increase, rising by 3.5 basis points to 4.447%. (Jin Shi)

[U.S. 10-Year Treasury Yield Rises 3.5 Basis Points to 4.447%]On May 12, following the release of CPI data, the U.S. 10-year Treasury yield continued its earlier increase, rising by 3.5 basis points to 4.447%. (Jin Shi)

U.S. 10-Year Treasury Yield Rises 3.5 Basis Points to 4.447%

On May 12, according to official news, NASDAQ-listed SOL Strategies, a treasury company within the Solana ecosystem, announced today the appointment of Jon Matonis as Chairman of the Board. Jon Matonis is one of the founding directors of the Bitcoin Foundation and a long-time advocate for financial privacy. With decades of industry experience, he will play a crucial role in deepening the company's engagement in the Solana ecosystem and privacy-first technology initiatives.

[SOL Strategies Appoints Jon Matonis as Chairman of the Board]On May 12, according to official news, NASDAQ-listed SOL Strategies, a treasury company within the Solana ecosystem, announced today the appointment of Jon Matonis as Chairman of the Board. Jon Matonis is one of the founding directors of the Bitcoin Foundation and a long-time advocate for financial privacy. With decades of industry experience, he will play a crucial role in deepening the company's engagement in the Solana ecosystem and privacy-first technology initiatives.

SOL Strategies Appoints Jon Matonis as Chairman of the Board

On May 12, Bakkt reported a net loss for the first quarter, attributed to a 77% drop in crypto services revenue, highlighting the digital asset platform's shift towards stablecoin payments and AI-driven financial infrastructure. On Monday, Bakkt announced that for the quarter ending March 31, the company recorded a net loss attributable to Bakkt of $11.7 million, equating to a basic and diluted loss per share of $0.41. In contrast, the same period last year saw a net profit of $7.7 million, with diluted earnings per share of $1.13. Bakkt stated that its crypto services revenue fell from $1.07 billion in the same quarter last year to $243.6 million, primarily due to a decline in cryptocurrency trading volume. However, this revenue was almost entirely offset by crypto-related costs and brokerage fees, which totaled $242 million for the quarter. Excluding crypto costs, operating expenses remained relatively stable at $18.5 million, slightly down from $18.9 million in the same quarter last year. The company's net loss was $11.7 million, compared to a net profit of $7.7 million in the same period last year. At the end of the quarter, Bakkt held $82.6 million in cash, including $69.6 million raised through equity financing. The company also disclosed that it currently has no long-term debt.

[Bakkt Q1 Revenue Plummets 77%, Shifts Focus to Stablecoin Infrastructure]On May 12, Bakkt reported a net loss for the first quarter, attributed to a 77% drop in crypto services revenue, highlighting the digital asset platform's shift towards stablecoin payments and AI-driven financial infrastructure. On Monday, Bakkt announced that for the quarter ending March 31, the company recorded a net loss attributable to Bakkt of $11.7 million, equating to a basic and diluted loss per share of $0.41. In contrast, the same period last year saw a net profit of $7.7 million, with diluted earnings per share of $1.13. Bakkt stated that its crypto services revenue fell from $1.07 billion in the same quarter last year to $243.6 million, primarily due to a decline in cryptocurrency trading volume. However, this revenue was almost entirely offset by crypto-related costs and brokerage fees, which totaled $242 million for the quarter. Excluding crypto costs, operating expenses remained relatively stable at $18.5 million, slightly down from $18.9 million in the same quarter last year. The company's net loss was $11.7 million, compared to a net profit of $7.7 million in the same period last year. At the end of the quarter, Bakkt held $82.6 million in cash, including $69.6 million raised through equity financing. The company also disclosed that it currently has no long-term debt.

Bakkt Q1 Revenue Plummets 77%, Shifts Focus to Stablecoin Infrastructure

On May 12, the U.S. reported that the unadjusted CPI year-on-year for April was 3.8%, compared to the expected 3.7%. (Jin Shi)

[U.S. April Unadjusted CPI Year-on-Year at 3.8%, Expected 3.7%]On May 12, the U.S. reported that the unadjusted CPI year-on-year for April was 3.8%, compared to the expected 3.7%. (Jin Shi)

U.S. April Unadjusted CPI Year-on-Year at 3.8%, Expected 3.7%

Coincheck Group, a Nasdaq-listed company, announced a strategic investment and business cooperation agreement with Japanese telecom giant KDDI Corporation. KDDI will subscribe to 28,536,516 newly issued common shares of Coincheck Group at a price of $2.28 per share, with a total transaction amount of approximately $65 million. JPMorgan acted as the financial advisor, while De Brauw Blackstone Westbroek and Simpson Thacher & Bartlett LLP served as legal advisors. The two parties are expected to collaborate on expanding the digital asset market, including revenue sharing and referral reward mechanisms.

[Coincheck Partners with Japanese Telecom Giant KDDI, Secures $65 Million Strategic Investment]Coincheck Group, a Nasdaq-listed company, announced a strategic investment and business cooperation agreement with Japanese telecom giant KDDI Corporation. KDDI will subscribe to 28,536,516 newly issued common shares of Coincheck Group at a price of $2.28 per share, with a total transaction amount of approximately $65 million. JPMorgan acted as the financial advisor, while De Brauw Blackstone Westbroek and Simpson Thacher & Bartlett LLP served as legal advisors. The two parties are expected to collaborate on expanding the digital asset market, including revenue sharing and referral reward mechanisms.

Coincheck Partners with Japanese Telecom Giant KDDI, Secures $65 Million Strategic Investment

On May 12, TON Strategy, a Nasdaq-listed treasury company, announced its financial report for the first quarter of 2026. As of March 31, it held approximately 221.9 million TON, accounting for about 4.29% of the total TON supply. Of this, around 221.2 million TON were staked, representing approximately 26.18% of the total network staking through its infrastructure. TON Strategy reported an unrealized loss of approximately $87.9 million in cryptocurrency assets due to market price fluctuations, with a pre-tax net loss of $91 million. Additionally, the company holds about $35 million in cash and restricted cash, with no debt on its balance sheet.

[TON Strategy Holds Over 221 Million TON in Q1, Representing 4.29% of Total Supply]On May 12, TON Strategy, a Nasdaq-listed treasury company, announced its financial report for the first quarter of 2026. As of March 31, it held approximately 221.9 million TON, accounting for about 4.29% of the total TON supply. Of this, around 221.2 million TON were staked, representing approximately 26.18% of the total network staking through its infrastructure. TON Strategy reported an unrealized loss of approximately $87.9 million in cryptocurrency assets due to market price fluctuations, with a pre-tax net loss of $91 million. Additionally, the company holds about $35 million in cash and restricted cash, with no debt on its balance sheet.

TON Strategy Holds Over 221 Million TON in Q1, Representing 4.29% of Total Supply

On May 12, the U.S. reported that the adjusted CPI monthly rate for April was 0.6%, in line with expectations of 0.6%. (Jin Shi)

[U.S. April Adjusted CPI Monthly Rate at 0.6%, Meeting Expectations]On May 12, the U.S. reported that the adjusted CPI monthly rate for April was 0.6%, in line with expectations of 0.6%. (Jin Shi)

U.S. April Adjusted CPI Monthly Rate at 0.6%, Meeting Expectations

On May 12, Wells Fargo announced that it has raised the target price for Nvidia (NVDA.O) from $265 to $315. (Jin Ten)

[Wells Fargo Raises Nvidia Target Price from $265 to $315]On May 12, Wells Fargo announced that it has raised the target price for Nvidia (NVDA.O) from $265 to $315. (Jin Ten)

Wells Fargo Raises Nvidia Target Price from $265 to $315

On May 12, the Depository Trust & Clearing Corporation (DTCC) in the United States announced that it will utilize Chainlink infrastructure in its blockchain-based collateral management platform, further extending their previous collaboration to one of Wall Street's core risk management functions. DTCC stated that its Collateral AppChain will adopt Chainlink's Runtime Environment (CRE) and data standards to support functionalities such as pricing, valuation, margin management, collateral optimization, and settlement. This AppChain is a Besu-based blockchain platform designed to facilitate asset tokenization and enable real-time collateral management around the clock (24/7).

[DTCC Expands Collateral System with Chainlink Integration]On May 12, the Depository Trust & Clearing Corporation (DTCC) in the United States announced that it will utilize Chainlink infrastructure in its blockchain-based collateral management platform, further extending their previous collaboration to one of Wall Street's core risk management functions. DTCC stated that its Collateral AppChain will adopt Chainlink's Runtime Environment (CRE) and data standards to support functionalities such as pricing, valuation, margin management, collateral optimization, and settlement. This AppChain is a Besu-based blockchain platform designed to facilitate asset tokenization and enable real-time collateral management around the clock (24/7).

DTCC Expands Collateral System with Chainlink Integration

Argo Blockchain, a crypto miner whose shares trade on the London Stock Exchange (ARB) and Nasdaq (ARBK), said it requested a 24-hour suspension of U.S. trading.  U.K. markets are closed Tuesday.
The London-based company, which has been in talks to secure financing, said it intends to make a statement before the start of trading on Wednesday.

Detail

【Argo Blockchain suspends trading in US shares for 24 hours】Argo Blockchain, a crypto miner whose shares trade on the London Stock Exchange (ARB) and Nasdaq (ARBK), said it requested a 24-hour suspension of U.S. trading.  U.K. markets are closed Tuesday.
The London-based company, which has been in talks to secure financing, said it intends to make a statement before the start of trading on Wednesday.

Argo Blockchain suspends trading in US shares for 24 hours

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Article

ACA fluctuated over 50% in 24 hours!

Argo Blockchain suspends trading in US shares for 24 hours

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

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