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On May 11, WTI crude oil rose 3% intraday, currently priced at $101.58 per barrel. Brent crude surpassed $105 per barrel, increasing by 2.49% during the day.

[WTI Crude Oil Rises 3% Intraday, Brent Crude Surpasses $105 per Barrel]On May 11, WTI crude oil rose 3% intraday, currently priced at $101.58 per barrel. Brent crude surpassed $105 per barrel, increasing by 2.49% during the day.

WTI Crude Oil Rises 3% Intraday, Brent Crude Surpasses $105 per Barrel

On May 12, Morgan Stanley Wealth Management predicted that incoming Federal Reserve Chair Walsh will implement policies such as reducing the balance sheet and weakening forward guidance after taking office.

[Morgan Stanley: Walsh Expected to Implement Balance Sheet Reduction After Taking Office]On May 12, Morgan Stanley Wealth Management predicted that incoming Federal Reserve Chair Walsh will implement policies such as reducing the balance sheet and weakening forward guidance after taking office.

Morgan Stanley: Walsh Expected to Implement Balance Sheet Reduction After Taking Office

On May 12, the crypto financing market has shown a significant recovery since April, with a total fundraising amount of approximately $2.359 billion, primarily driven by a few large transactions. In the prediction market sector, Kalshi stood out with a single new financing of $1 billion, bringing the total financing for the sector to over $1 billion. Other financing in the prediction market includes $6 million from startup XO Market and $5 million raised by live prediction market Pumpcade in its seed round. VC funds also performed strongly, with Haun Ventures completing a $1 billion new fundraise and expanding its investment scope to the AI agency sector. Meanwhile, South Korean crypto venture firm Hashed Ventures raised $2.2 million during the same period. The stablecoin and payment infrastructure sector showed robust performance, with a total financing amount of approximately $128 million. Among them, payment infrastructure company Fun raised $72 million, and Latin American digital wallet platform Belo secured $14 million. The $12 million financing of Paxos Labs attracted market attention, led by long-term crypto venture firm Blockchain Capital, with participation from Robot Ventures, family office Maelstrom, and DeFi development company Uniswap Labs. Financing in the DeFi and RWA sectors amounted to about $88 million, with Galaxy Digital leading the $20 million financing for credit market Fence, which became the largest financing in the sector. Other financings included $17 million for on-chain RWA lending and stablecoin project OpenTrade, $3.75 million for lending platform Votre, and $8 million for asset tokenization company KAIO. The intersection of AI and crypto saw smaller financing amounts, totaling $24 million. AI + blockchain land registration platform Balcony raised $12.7 million, AI digital asset trading agency platform Fere AI raised $1.3 million, and AI quantitative trading platform AlphaNet secured $10 million.

[Significant Recovery in Crypto Financing Since April, Strong Performance in Prediction Markets, VC Funds, Stablecoins, and RWA]On May 12, the crypto financing market has shown a significant recovery since April, with a total fundraising amount of approximately $2.359 billion, primarily driven by a few large transactions. In the prediction market sector, Kalshi stood out with a single new financing of $1 billion, bringing the total financing for the sector to over $1 billion. Other financing in the prediction market includes $6 million from startup XO Market and $5 million raised by live prediction market Pumpcade in its seed round. VC funds also performed strongly, with Haun Ventures completing a $1 billion new fundraise and expanding its investment scope to the AI agency sector. Meanwhile, South Korean crypto venture firm Hashed Ventures raised $2.2 million during the same period. The stablecoin and payment infrastructure sector showed robust performance, with a total financing amount of approximately $128 million. Among them, payment infrastructure company Fun raised $72 million, and Latin American digital wallet platform Belo secured $14 million. The $12 million financing of Paxos Labs attracted market attention, led by long-term crypto venture firm Blockchain Capital, with participation from Robot Ventures, family office Maelstrom, and DeFi development company Uniswap Labs. Financing in the DeFi and RWA sectors amounted to about $88 million, with Galaxy Digital leading the $20 million financing for credit market Fence, which became the largest financing in the sector. Other financings included $17 million for on-chain RWA lending and stablecoin project OpenTrade, $3.75 million for lending platform Votre, and $8 million for asset tokenization company KAIO. The intersection of AI and crypto saw smaller financing amounts, totaling $24 million. AI + blockchain land registration platform Balcony raised $12.7 million, AI digital asset trading agency platform Fere AI raised $1.3 million, and AI quantitative trading platform AlphaNet secured $10 million.

Significant Recovery in Crypto Financing Since April, Strong Performance in Prediction Markets, VC Funds, Stablecoins, and RWA

On May 11, according to monitoring by Arkham, Bhutan is selling Bitcoin and has just transferred 100 BTC (worth $8.1 million) from its holding wallet. At the current selling rate, its BTC will be depleted by the end of September. Since the beginning of the year, Bhutan has sold a total of $230.39 million in BTC, with remaining BTC valued at $252 million, selling approximately $50 million per month. If all remaining BTC is sold at the current price, the on-chain profit will reach $767 million.

[Bhutan Transfers Another 100 BTC, Total Sales Reach $230 Million Since January]On May 11, according to monitoring by Arkham, Bhutan is selling Bitcoin and has just transferred 100 BTC (worth $8.1 million) from its holding wallet. At the current selling rate, its BTC will be depleted by the end of September. Since the beginning of the year, Bhutan has sold a total of $230.39 million in BTC, with remaining BTC valued at $252 million, selling approximately $50 million per month. If all remaining BTC is sold at the current price, the on-chain profit will reach $767 million.

Bhutan Transfers Another 100 BTC, Total Sales Reach $230 Million Since January

On May 12, Citi released a research report indicating that Alibaba's cloud division, Alibaba Cloud, possesses vertically integrated full-stack capabilities in artificial intelligence, ranging from chip subsidiary T-head, Infrastructure as a Service (IaaS), Platform as a Service (PaaS) to Model as a Service (MaaS). Coupled with the continuous advancements of its Tongyi Qianwen large language model (LLM) and Model-Scope platform, the firm is optimistic about the company's favorable position in the rapidly growing token economy, designating it as the top choice for AI investments in China. Citi reiterated its 'Buy' rating on Alibaba, setting a target price of HKD 204 for its Hong Kong shares and USD 205 for its ADRs. The firm believes that the company's continuously improving full-stack AI capabilities can lead to cost synergies and profit expansion. Citi expects that Alibaba Cloud's AI-related revenue will achieve a compound annual growth rate of 90% from fiscal years 2026 to 2031, accounting for 70% of total cloud business revenue by fiscal year 2031.

[Citi: Names Alibaba as Top AI Investment in China, Target Price HKD 204]On May 12, Citi released a research report indicating that Alibaba's cloud division, Alibaba Cloud, possesses vertically integrated full-stack capabilities in artificial intelligence, ranging from chip subsidiary T-head, Infrastructure as a Service (IaaS), Platform as a Service (PaaS) to Model as a Service (MaaS). Coupled with the continuous advancements of its Tongyi Qianwen large language model (LLM) and Model-Scope platform, the firm is optimistic about the company's favorable position in the rapidly growing token economy, designating it as the top choice for AI investments in China. Citi reiterated its 'Buy' rating on Alibaba, setting a target price of HKD 204 for its Hong Kong shares and USD 205 for its ADRs. The firm believes that the company's continuously improving full-stack AI capabilities can lead to cost synergies and profit expansion. Citi expects that Alibaba Cloud's AI-related revenue will achieve a compound annual growth rate of 90% from fiscal years 2026 to 2031, accounting for 70% of total cloud business revenue by fiscal year 2031.

Citi: Names Alibaba as Top AI Investment in China, Target Price HKD 204

On May 12, WFTV reported that Christopher Delgado, the former CEO of Goliath Ventures, publicly apologized to investors in an interview, stating he had "betrayed their trust" and expressed his willingness to return to the U.S. to face charges. He admitted that the company promised investors high monthly returns but actually used the funds to purchase a $14.5 million property in Florida, host luxury events, and fund high-end travel. One investor reportedly lost about $720,000. Previously, Christopher Delgado was charged by U.S. prosecutors with fraud and money laundering in connection with a $328 million crypto Ponzi scheme, facing up to 30 years in prison.

[Former CEO of Goliath Ventures Apologizes for Crypto Ponzi Scheme]On May 12, WFTV reported that Christopher Delgado, the former CEO of Goliath Ventures, publicly apologized to investors in an interview, stating he had "betrayed their trust" and expressed his willingness to return to the U.S. to face charges. He admitted that the company promised investors high monthly returns but actually used the funds to purchase a $14.5 million property in Florida, host luxury events, and fund high-end travel. One investor reportedly lost about $720,000. Previously, Christopher Delgado was charged by U.S. prosecutors with fraud and money laundering in connection with a $328 million crypto Ponzi scheme, facing up to 30 years in prison.

Former CEO of Goliath Ventures Apologizes for Crypto Ponzi Scheme

On May 12, Citi released a research report stating that Alibaba's cloud computing arm, Alibaba Cloud, possesses vertically integrated AI capabilities ranging from chip subsidiary Tongyi Qianwen, Infrastructure as a Service (IaaS), Platform as a Service (PaaS), to Model as a Service (MaaS). Coupled with the continuous advancements of its Tongyi Qianwen large language model (LLM) and Model-Scope platform, the firm is optimistic about the company's favorable position in the rapidly growing token economy, designating it as the top choice for AI investments in China. Citi reaffirmed its 'Buy' rating on Alibaba, setting a target price of HKD 204 for its H-shares and USD 205 for its ADRs, believing that the company's continually improving AI stack capabilities will yield cost synergies and profit expansion opportunities. The bank anticipates that Alibaba Cloud's AI-related revenue will achieve a compound annual growth rate of 90% from fiscal years 2026 to 2031, accounting for 70% of total cloud business revenue by fiscal year 2031.

[Citi Names Alibaba as Top AI Investment Choice in China with H-Share Target Price of HKD 204]On May 12, Citi released a research report stating that Alibaba's cloud computing arm, Alibaba Cloud, possesses vertically integrated AI capabilities ranging from chip subsidiary Tongyi Qianwen, Infrastructure as a Service (IaaS), Platform as a Service (PaaS), to Model as a Service (MaaS). Coupled with the continuous advancements of its Tongyi Qianwen large language model (LLM) and Model-Scope platform, the firm is optimistic about the company's favorable position in the rapidly growing token economy, designating it as the top choice for AI investments in China. Citi reaffirmed its 'Buy' rating on Alibaba, setting a target price of HKD 204 for its H-shares and USD 205 for its ADRs, believing that the company's continually improving AI stack capabilities will yield cost synergies and profit expansion opportunities. The bank anticipates that Alibaba Cloud's AI-related revenue will achieve a compound annual growth rate of 90% from fiscal years 2026 to 2031, accounting for 70% of total cloud business revenue by fiscal year 2031.

Citi Names Alibaba as Top AI Investment Choice in China with H-Share Target Price of HKD 204

On May 12, the core change in the market is no longer just whether the situation in Iran will escalate, but rather that energy shocks are beginning to trigger a chain reaction with the structure of inflation in the U.S., the transition of power within the Federal Reserve, and global demand for safe-haven assets. The risks in the Strait of Hormuz have not been alleviated, as Iran refuses to abandon uranium enrichment, while the U.S. continues to signal the possibility of resuming military action, keeping crude oil and gasoline prices elevated. In this context, the U.S. April CPI data is viewed by the market as a critical turning point, as this is not merely a case of energy-driven inflation, but the market is starting to worry whether high oil prices will spread again to housing, services, and the overall core price system. Currently, the market estimates that the year-on-year increase in the overall U.S. CPI for April may rise to 3.7%, reaching a nearly three-year high, while the core CPI may also rebound to 2.7%. The most concerning aspect is not energy itself, but the potential resurgence of housing inflation due to statistical revisions and renewed rental prices, which could further weaken the main support for the cooling of U.S. inflation over the past two years. If housing and energy create dual pressure simultaneously, market expectations for the Fed to cut interest rates by the end of the year will continue to be pushed back, and the possibility of maintaining high interest rates for a longer period may be repriced. Meanwhile, the power structure of the Federal Reserve is entering a sensitive phase. Waller has crossed the Senate procedural hurdle and may officially take over as Fed Chair as early as this week, coinciding with a time when energy inflation is re-accelerating, the White House is continuously pressuring for rate cuts, and internal divisions within the Fed are intensifying. The market is concerned that if oil prices remain high in the coming months, the Fed will be forced to maintain an extremely passive policy stance between 'anti-inflation' and 'political pressure', leading to a continued tightening of the dollar liquidity environment. In the cryptocurrency market, while BTC has recently remained in a high-level fluctuation, the market structure has gradually shifted from 'liquidity-driven' to 'risk repricing'. If tonight's CPI exceeds expectations, the dollar and U.S. Treasury yields may strengthen again, suppressing market risk appetite and potentially slowing the upward momentum for BTC; conversely, if core inflation does not show significant signs of losing control, it may help sustain market expectations for a potential loosening of liquidity within the year. The current focus for the market is no longer just whether the Fed will cut rates, but whether the world is re-entering a new phase of 'structural high inflation era' driven by energy, geopolitical factors, and supply chains.

[Bitunix Analyst: Market Begins to Reprice 'Energy Inflation' Risks, Fed May Be Forced into Longer Observation Period]On May 12, the core change in the market is no longer just whether the situation in Iran will escalate, but rather that energy shocks are beginning to trigger a chain reaction with the structure of inflation in the U.S., the transition of power within the Federal Reserve, and global demand for safe-haven assets. The risks in the Strait of Hormuz have not been alleviated, as Iran refuses to abandon uranium enrichment, while the U.S. continues to signal the possibility of resuming military action, keeping crude oil and gasoline prices elevated. In this context, the U.S. April CPI data is viewed by the market as a critical turning point, as this is not merely a case of energy-driven inflation, but the market is starting to worry whether high oil prices will spread again to housing, services, and the overall core price system. Currently, the market estimates that the year-on-year increase in the overall U.S. CPI for April may rise to 3.7%, reaching a nearly three-year high, while the core CPI may also rebound to 2.7%. The most concerning aspect is not energy itself, but the potential resurgence of housing inflation due to statistical revisions and renewed rental prices, which could further weaken the main support for the cooling of U.S. inflation over the past two years. If housing and energy create dual pressure simultaneously, market expectations for the Fed to cut interest rates by the end of the year will continue to be pushed back, and the possibility of maintaining high interest rates for a longer period may be repriced. Meanwhile, the power structure of the Federal Reserve is entering a sensitive phase. Waller has crossed the Senate procedural hurdle and may officially take over as Fed Chair as early as this week, coinciding with a time when energy inflation is re-accelerating, the White House is continuously pressuring for rate cuts, and internal divisions within the Fed are intensifying. The market is concerned that if oil prices remain high in the coming months, the Fed will be forced to maintain an extremely passive policy stance between 'anti-inflation' and 'political pressure', leading to a continued tightening of the dollar liquidity environment. In the cryptocurrency market, while BTC has recently remained in a high-level fluctuation, the market structure has gradually shifted from 'liquidity-driven' to 'risk repricing'. If tonight's CPI exceeds expectations, the dollar and U.S. Treasury yields may strengthen again, suppressing market risk appetite and potentially slowing the upward momentum for BTC; conversely, if core inflation does not show significant signs of losing control, it may help sustain market expectations for a potential loosening of liquidity within the year. The current focus for the market is no longer just whether the Fed will cut rates, but whether the world is re-entering a new phase of 'structural high inflation era' driven by energy, geopolitical factors, and supply chains.

Bitunix Analyst: Market Begins to Reprice 'Energy Inflation' Risks, Fed May Be Forced into Longer Observation Period

Market data shows that BTC has fallen below $81,000, currently priced at $80,996.85, with a 24-hour increase of 0.32%. The market is experiencing significant volatility, so please ensure proper risk management.

[BTC Drops Below $81,000]Market data shows that BTC has fallen below $81,000, currently priced at $80,996.85, with a 24-hour increase of 0.32%. The market is experiencing significant volatility, so please ensure proper risk management.

BTC Drops Below $81,000

Cryptocurrencies and traditional markets slumped as the US jobs report figure more than doubled expectations, suggesting that the Fed may continue to raise rates to curb inflation. In previous news, US quarterly non-farm payrolls rose by 517,000 in January, the biggest increase since July 2022.

Detail

【Analysis: Fed may continue to raise rates as US non-farm payrolls beat expectations】Cryptocurrencies and traditional markets slumped as the US jobs report figure more than doubled expectations, suggesting that the Fed may continue to raise rates to curb inflation. In previous news, US quarterly non-farm payrolls rose by 517,000 in January, the biggest increase since July 2022.

Analysis: Fed may continue to raise rates as US non-farm payrolls beat expectations

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OSMO Current Price at $0.0886, 24-Hour Increase of 68.32%

Analysis: Fed may continue to raise rates as US non-farm payrolls beat expectations

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