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On May 12, according to official news, the meme trading app Zap will officially shut down on June 1. Zap reminds users to log into their Zap accounts and export their private keys before the shutdown, recommending that they import the private keys into the Phantom wallet to continue managing all assets. Zap emphasizes that anyone who obtains the private keys can fully control the assets. Detailed operational guidelines will be released by Zap in the coming days. Launched last year, Zap aimed to allow users to register and purchase their first meme coin within 30 seconds, but it failed to gain the expected market attention.

[Meme Trading App Zap to Shut Down on June 1, Users Urged to Export Private Keys]On May 12, according to official news, the meme trading app Zap will officially shut down on June 1. Zap reminds users to log into their Zap accounts and export their private keys before the shutdown, recommending that they import the private keys into the Phantom wallet to continue managing all assets. Zap emphasizes that anyone who obtains the private keys can fully control the assets. Detailed operational guidelines will be released by Zap in the coming days. Launched last year, Zap aimed to allow users to register and purchase their first meme coin within 30 seconds, but it failed to gain the expected market attention.

Meme Trading App Zap to Shut Down on June 1, Users Urged to Export Private Keys

President Trump privately complained last month to acting Attorney General Todd Blanche about media leaks that emerged after a war with Iran, prompting the Justice Department to actively advance related investigations, the Wall Street Journal reported on May 12, citing informed administration officials. During one meeting, an official said, Trump handed Blanche a stack of news articles that he and other senior officials believed threatened national security, with a sticky note on top that read 'Treason.' According to informed officials, senior Justice Department officials have met with their Pentagon counterparts to discuss the investigation. On April 3, a U.S. warplane was shot down over Iran, followed by a large-scale rescue operation to find two missing pilots. Shortly thereafter, Trump publicly vowed to pursue the sources of leaks regarding the downed warplane, stating that the government would take action against an unnamed news outlet that reported the information. An administration official said the stack of news articles Trump provided to the acting Attorney General was precisely about these rescue operations. The official stated that the President and other officials believed the leaks could jeopardize the success of the rescue.

[Trump Labels Leaks 'Treason,' Urges AG to Advance Investigations]President Trump privately complained last month to acting Attorney General Todd Blanche about media leaks that emerged after a war with Iran, prompting the Justice Department to actively advance related investigations, the Wall Street Journal reported on May 12, citing informed administration officials. During one meeting, an official said, Trump handed Blanche a stack of news articles that he and other senior officials believed threatened national security, with a sticky note on top that read 'Treason.' According to informed officials, senior Justice Department officials have met with their Pentagon counterparts to discuss the investigation. On April 3, a U.S. warplane was shot down over Iran, followed by a large-scale rescue operation to find two missing pilots. Shortly thereafter, Trump publicly vowed to pursue the sources of leaks regarding the downed warplane, stating that the government would take action against an unnamed news outlet that reported the information. An administration official said the stack of news articles Trump provided to the acting Attorney General was precisely about these rescue operations. The official stated that the President and other officials believed the leaks could jeopardize the success of the rescue.

Trump Labels Leaks 'Treason,' Urges AG to Advance Investigations

On May 12, MARA announced its Q1 financial and operational data for 2026, reporting a net loss of $1.3 billion (diluted loss per share of $3.31), compared to a net loss of $533.4 million in the same period last year. The loss was primarily due to a $1 billion loss from changes in the fair value of digital assets. During the quarter, the company produced 2,247 BTC at an average cost of $76,288 and sold 20,880 BTC at an average price of $70,137. Additionally, MARA stated that it will continue to advance its evolution into a leading digital infrastructure company, aiming to convert energy into high-value computing capabilities in AI, HPC, critical IT workloads, and Bitcoin mining.

[MARA Reports Q1 Net Loss of $1.3 Billion, Sells 20,880 Bitcoins at Average Price of $70,137]On May 12, MARA announced its Q1 financial and operational data for 2026, reporting a net loss of $1.3 billion (diluted loss per share of $3.31), compared to a net loss of $533.4 million in the same period last year. The loss was primarily due to a $1 billion loss from changes in the fair value of digital assets. During the quarter, the company produced 2,247 BTC at an average cost of $76,288 and sold 20,880 BTC at an average price of $70,137. Additionally, MARA stated that it will continue to advance its evolution into a leading digital infrastructure company, aiming to convert energy into high-value computing capabilities in AI, HPC, critical IT workloads, and Bitcoin mining.

MARA Reports Q1 Net Loss of $1.3 Billion, Sells 20,880 Bitcoins at Average Price of $70,137

On May 12, CleanSpark announced its Q1 revenue of $136.4 million, a 24.9% decrease from $181.7 million in the same period last year. The net loss was $378.3 million (basic loss per share of $1.52), compared to a net loss of $138.8 million in the previous year. Adjusted EBITDA was -$241.2 million, compared to -$57.8 million in the same period last year. 

As of March 31, 2026, the balance sheet shows the company held $260.3 million in cash and Bitcoin holdings valued at $925.2 million (including current Bitcoin, non-current Bitcoin, and Bitcoin held by counterparties in collateral arrangements). Total current assets amounted to $1 billion, with total assets reaching $2.9 billion. Total long-term debt (net of discounts and issuance costs) was $1.8 billion, total liabilities were $1.9 billion, total shareholders' equity was $1 billion, and working capital was $1 billion.

[CleanSpark Reports Q1 Net Loss of $378.3 Million, Bitcoin Holdings Valued at $925.2 Million]On May 12, CleanSpark announced its Q1 revenue of $136.4 million, a 24.9% decrease from $181.7 million in the same period last year. The net loss was $378.3 million (basic loss per share of $1.52), compared to a net loss of $138.8 million in the previous year. Adjusted EBITDA was -$241.2 million, compared to -$57.8 million in the same period last year. 

As of March 31, 2026, the balance sheet shows the company held $260.3 million in cash and Bitcoin holdings valued at $925.2 million (including current Bitcoin, non-current Bitcoin, and Bitcoin held by counterparties in collateral arrangements). Total current assets amounted to $1 billion, with total assets reaching $2.9 billion. Total long-term debt (net of discounts and issuance costs) was $1.8 billion, total liabilities were $1.9 billion, total shareholders' equity was $1 billion, and working capital was $1 billion.

CleanSpark Reports Q1 Net Loss of $378.3 Million, Bitcoin Holdings Valued at $925.2 Million

On May 12, according to official news, following an update on the Arbitrum DAO proposal, on May 1, a plaintiff in an unrelated case delivered an injunction to Arbitrum DAO concerning the ETH frozen after the rsETH incident. A few days later, Aave LLC filed an emergency motion for its dismissal. On May 8, the court modified the injunction, allowing for on-chain Arbitrum voting and permitting the transfer of the frozen ETH to Aave LLC. After the transfer, the injunction will be attached to Aave LLC. The revised constitutional AIP retains the asset recovery intent already approved by Arbitrum DAO, and the ETH will still be used for the recovery related to the rsETH incident. Aave LLC will comply with all court obligations during the litigation process.

[Arbitrum DAO Proposal Update: Court Modifies Injunction, Allows Transfer of Frozen ETH to Aave LLC]On May 12, according to official news, following an update on the Arbitrum DAO proposal, on May 1, a plaintiff in an unrelated case delivered an injunction to Arbitrum DAO concerning the ETH frozen after the rsETH incident. A few days later, Aave LLC filed an emergency motion for its dismissal. On May 8, the court modified the injunction, allowing for on-chain Arbitrum voting and permitting the transfer of the frozen ETH to Aave LLC. After the transfer, the injunction will be attached to Aave LLC. The revised constitutional AIP retains the asset recovery intent already approved by Arbitrum DAO, and the ETH will still be used for the recovery related to the rsETH incident. Aave LLC will comply with all court obligations during the litigation process.

Arbitrum DAO Proposal Update: Court Modifies Injunction, Allows Transfer of Frozen ETH to Aave LLC

On May 12, the Nikkei 225 index opened up 0.20% at 62,544.03 points; the South Korean KOSPI index rose 1.68% to 7,953.41 points. (Dongxin News Agency)

[Japanese and South Korean Stock Markets Open Higher]On May 12, the Nikkei 225 index opened up 0.20% at 62,544.03 points; the South Korean KOSPI index rose 1.68% to 7,953.41 points. (Dongxin News Agency)

Japanese and South Korean Stock Markets Open Higher

On May 12, CleanSpark announced that it achieved revenue of $136.4 million in Q1, a decrease of 24.9% from $181.7 million in the same period last year. The net loss was $378.3 million (basic loss per share of $1.52), compared to a net loss of $138.8 million in the same period last year. Adjusted EBITDA was -$241.2 million, compared to -$57.8 million in the same period last year. The balance sheet shows that as of March 31, 2026, the company held $260.3 million in cash and its Bitcoin holdings were valued at $925.2 million (including current Bitcoin, non-current Bitcoin, and Bitcoin held by counterparties in collateral arrangements). Total current assets were $1 billion, and total assets reached $2.9 billion. Total long-term debt (net of discounts and issuance costs) was $1.8 billion, total liabilities were $1.9 billion, total shareholders' equity was $1 billion, and working capital was $1 billion. CleanSpark President and CFO Gary Vecchiarelli noted that the strong liquidity position not only supports short-term execution plans but also preserves considerable options for future opportunities in AI/HPC and digital infrastructure, which is a direct result of the company's long-term financial discipline.

[CleanSpark Reports Q1 Net Loss of $378.3 Million, Holds $925.2 Million in Bitcoin, Accelerates AI/HPC Digital Infrastructure Transformation]On May 12, CleanSpark announced that it achieved revenue of $136.4 million in Q1, a decrease of 24.9% from $181.7 million in the same period last year. The net loss was $378.3 million (basic loss per share of $1.52), compared to a net loss of $138.8 million in the same period last year. Adjusted EBITDA was -$241.2 million, compared to -$57.8 million in the same period last year. The balance sheet shows that as of March 31, 2026, the company held $260.3 million in cash and its Bitcoin holdings were valued at $925.2 million (including current Bitcoin, non-current Bitcoin, and Bitcoin held by counterparties in collateral arrangements). Total current assets were $1 billion, and total assets reached $2.9 billion. Total long-term debt (net of discounts and issuance costs) was $1.8 billion, total liabilities were $1.9 billion, total shareholders' equity was $1 billion, and working capital was $1 billion. CleanSpark President and CFO Gary Vecchiarelli noted that the strong liquidity position not only supports short-term execution plans but also preserves considerable options for future opportunities in AI/HPC and digital infrastructure, which is a direct result of the company's long-term financial discipline.

CleanSpark Reports Q1 Net Loss of $378.3 Million, Holds $925.2 Million in Bitcoin, Accelerates AI/HPC Digital Infrastructure Transformation

On May 12, according to official news, Stream Trading Protocol (Stream Soft Holding Company) is exploring various options to maximize its asset value for the benefit of clients and creditors. The goal is to integrate, liquidate, and distribute assets as quickly and prudently as possible under the current circumstances. To this end, the company is considering several different strategic options, all of which require some form of participation from clients and creditors. More details are expected to be announced in the coming weeks, so please stay tuned to their Discord, X, and official website. In the meantime, inquiries can be directed to Jeremiah Ledgwidge at Cooley LLP. BlockBeats previously reported that Stream Finance disclosed in November 2025 a loss of approximately $93 million in assets due to an external fund manager, resulting in a freeze on user withdrawals.

[Stream Trading Protocol to Liquidate and Maximize Asset Value, Seeking Participation from Clients and Creditors]On May 12, according to official news, Stream Trading Protocol (Stream Soft Holding Company) is exploring various options to maximize its asset value for the benefit of clients and creditors. The goal is to integrate, liquidate, and distribute assets as quickly and prudently as possible under the current circumstances. To this end, the company is considering several different strategic options, all of which require some form of participation from clients and creditors. More details are expected to be announced in the coming weeks, so please stay tuned to their Discord, X, and official website. In the meantime, inquiries can be directed to Jeremiah Ledgwidge at Cooley LLP. BlockBeats previously reported that Stream Finance disclosed in November 2025 a loss of approximately $93 million in assets due to an external fund manager, resulting in a freeze on user withdrawals.

Stream Trading Protocol to Liquidate and Maximize Asset Value, Seeking Participation from Clients and Creditors

On May 12, MARA announced its Q1 2026 financial and operational data, reporting a net loss of $1.3 billion (diluted loss per share of $3.31), compared to a net loss of $533.4 million in the same period last year. The loss was primarily due to a $1 billion loss from changes in the fair value of digital assets. During the quarter, the company produced 2,247 BTC at an average cost of $76,288 and sold 20,880 BTC at an average price of $70,137. Additionally, MARA stated that it will continue to advance its evolution into a leading digital infrastructure company, aiming to convert energy into high-value computing capabilities in AI, HPC, critical IT loads, and Bitcoin mining.

[MARA Reports Q1 Net Loss of $1.3 Billion, Sells 20,880 BTC at Average Price of $70,137]On May 12, MARA announced its Q1 2026 financial and operational data, reporting a net loss of $1.3 billion (diluted loss per share of $3.31), compared to a net loss of $533.4 million in the same period last year. The loss was primarily due to a $1 billion loss from changes in the fair value of digital assets. During the quarter, the company produced 2,247 BTC at an average cost of $76,288 and sold 20,880 BTC at an average price of $70,137. Additionally, MARA stated that it will continue to advance its evolution into a leading digital infrastructure company, aiming to convert energy into high-value computing capabilities in AI, HPC, critical IT loads, and Bitcoin mining.

MARA Reports Q1 Net Loss of $1.3 Billion, Sells 20,880 BTC at Average Price of $70,137

Huobi data showed that HT fell below 5  USDT and is now at 4.9996 USDT, with a increase of 3.00% in 24H.

[HT fell below 5  USDT] Huobi data showed that HT fell below 5  USDT and is now at 4.9996 USDT, with a increase of 3.00% in 24H.

HT fell below 5  USDT

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HT fell below 5 USDT

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