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According to The New York Times, venture capital firm Andreessen Horowitz (a16z) and its co-founders Marc Andreessen and Ben Horowitz have disclosed over $115 million in federal donations during the current midterm election cycle, surpassing George Soros ($102.9 million), Elon Musk ($85 million), and Jeff Yass ($81.8 million), making them the largest known political donor in this election cycle. Compared to the approximately $63 million donated in the 2024 election cycle, this round of donations marks a significant increase. Notably, on November 6, 2024 (the day after the election), a16z injected over $23 million into a major super PAC in the cryptocurrency industry, indicating a clear long-term strategic intent in their political positioning.

[a16z Becomes Largest Donor in Current U.S. Midterm Elections, Disclosing Over $115 Million in Federal Donations]According to The New York Times, venture capital firm Andreessen Horowitz (a16z) and its co-founders Marc Andreessen and Ben Horowitz have disclosed over $115 million in federal donations during the current midterm election cycle, surpassing George Soros ($102.9 million), Elon Musk ($85 million), and Jeff Yass ($81.8 million), making them the largest known political donor in this election cycle. Compared to the approximately $63 million donated in the 2024 election cycle, this round of donations marks a significant increase. Notably, on November 6, 2024 (the day after the election), a16z injected over $23 million into a major super PAC in the cryptocurrency industry, indicating a clear long-term strategic intent in their political positioning.

a16z Becomes Largest Donor in Current U.S. Midterm Elections, Disclosing Over $115 Million in Federal Donations

On May 13, Morgan Stanley raised its year-end target for the S&P 500 index to 8000 for 2026, up from the previous target of 7800. (Jin Shi)

[Morgan Stanley Raises S&P 500 Year-End Target to 8000 for 2026]On May 13, Morgan Stanley raised its year-end target for the S&P 500 index to 8000 for 2026, up from the previous target of 7800. (Jin Shi)

Morgan Stanley Raises S&P 500 Year-End Target to 8000 for 2026

On May 13, Ronin announced that it has completed its migration to the Ethereum ecosystem, officially becoming an Ethereum Layer 2 network built on the OP Stack. Ronin stated that it retains RON as the gas token, with minimal downtime during the process. Ronin also announced a significant adjustment to the RON token economic model. The annual token release amount has been reduced from 45 million to 5 million, a decrease of approximately 9 times, resulting in a current annual inflation rate of about 1.2%. Future new token rewards will be directly allocated to ecosystem builders through a new 'Proof of Distribution' mechanism. Additionally, Ronin's treasury has introduced three new sources of revenue, including the remaining 90 million RON staking rewards, Sequencer net profits, and a 1.25% fee revenue from the Ronin Marketplace (previously 0.5%). Ronin stated that this migration not only signifies access to Ethereum's security and liquidity but will also bring its Web3 gaming ecosystem and millions of blockchain game users back to the Ethereum ecosystem.

[Ronin Completes Migration to Ethereum L2, RON Annual Inflation Rate Decreases by Approximately 9 Times]On May 13, Ronin announced that it has completed its migration to the Ethereum ecosystem, officially becoming an Ethereum Layer 2 network built on the OP Stack. Ronin stated that it retains RON as the gas token, with minimal downtime during the process. Ronin also announced a significant adjustment to the RON token economic model. The annual token release amount has been reduced from 45 million to 5 million, a decrease of approximately 9 times, resulting in a current annual inflation rate of about 1.2%. Future new token rewards will be directly allocated to ecosystem builders through a new 'Proof of Distribution' mechanism. Additionally, Ronin's treasury has introduced three new sources of revenue, including the remaining 90 million RON staking rewards, Sequencer net profits, and a 1.25% fee revenue from the Ronin Marketplace (previously 0.5%). Ronin stated that this migration not only signifies access to Ethereum's security and liquidity but will also bring its Web3 gaming ecosystem and millions of blockchain game users back to the Ethereum ecosystem.

Ronin Completes Migration to Ethereum L2, RON Annual Inflation Rate Decreases by Approximately 9 Times

On May 13, Tencent Holdings (00700.HK) released its financial report, mentioning that its AI research and development team has restructured its AI infrastructure and built the Hy3 preview model, which outperforms other models of similar parameter scale, combining practicality and cost-effectiveness. Since April 28, it has consistently ranked high in token consumption on the OpenRouter leaderboard.

[Tencent: Hy3 Preview Model Ranks High in Token Consumption]On May 13, Tencent Holdings (00700.HK) released its financial report, mentioning that its AI research and development team has restructured its AI infrastructure and built the Hy3 preview model, which outperforms other models of similar parameter scale, combining practicality and cost-effectiveness. Since April 28, it has consistently ranked high in token consumption on the OpenRouter leaderboard.

Tencent: Hy3 Preview Model Ranks High in Token Consumption

On May 13, the International Energy Agency (IEA) warned that global oil inventories are declining at a record pace, and ongoing turmoil from the Iran conflict could lead to further spikes in oil prices. In April, crude oil and refined product inventories fell by nearly 4 million barrels per day—equivalent to the total consumption of the UK and Germany—potentially weakening countries' ability to cope with supply shocks. The report stated: "World oil inventories are declining at a record pace as importing countries face unprecedented disruptions in Middle Eastern oil supply." It added, "With ongoing disruptions, buffer space is rapidly shrinking, which could signal future price surges." (Jin Shi)

[IEA: Global Oil Inventories Decline at Record Pace, Prices May Surge Further]On May 13, the International Energy Agency (IEA) warned that global oil inventories are declining at a record pace, and ongoing turmoil from the Iran conflict could lead to further spikes in oil prices. In April, crude oil and refined product inventories fell by nearly 4 million barrels per day—equivalent to the total consumption of the UK and Germany—potentially weakening countries' ability to cope with supply shocks. The report stated: "World oil inventories are declining at a record pace as importing countries face unprecedented disruptions in Middle Eastern oil supply." It added, "With ongoing disruptions, buffer space is rapidly shrinking, which could signal future price surges." (Jin Shi)

IEA: Global Oil Inventories Decline at Record Pace, Prices May Surge Further

PHB fluctuated by 56.66% within 24 hours, current price $0.0944

【PHB24-hour fluctuation exceeds 50%!】PHB fluctuated by 56.66% within 24 hours, current price $0.0944

PHB24-hour fluctuation exceeds 50%!

On May 13, 2026, the AI intent-driven engine “Intelligent Trading Intent Awakening: OG Agent Global Launch Conference”, co-hosted by Ju.com and Nivex, was simultaneously held in Hangzhou, Chongqing, and Shenzhen. This three-city linkage marks that the tremendous AI momentum embedded in OG Agent is highly favored by users.

[OG Agent Global Launch Conference Holds Roundtable Forum, Discussing “Web 4.0 Era: Foundations, Challenges, and Future Directions of AI Intent Trading”]On May 13, 2026, the AI intent-driven engine “Intelligent Trading Intent Awakening: OG Agent Global Launch Conference”, co-hosted by Ju.com and Nivex, was simultaneously held in Hangzhou, Chongqing, and Shenzhen. This three-city linkage marks that the tremendous AI momentum embedded in OG Agent is highly favored by users.

OG Agent Global Launch Conference Holds Roundtable Forum, Discussing “Web 4.0 Era: Foundations, Challenges, and Future Directions of AI Intent Trading”

On May 13, Japan's Bitcoin treasury company Metaplanet announced its Q1 results for the fiscal year 2026: revenue was 30.8 billion yen, a year-on-year increase of 251.1%; operating profit was 22.67 billion yen, up 282.5% year-on-year; recurring losses amounted to 114.928 billion yen, primarily impacted by accounting impairments due to the decline in Bitcoin prices. As of March 31, 2026, Metaplanet held 40,177 BTC, with a fully diluted per-share BTC holding increasing by 2.8% compared to the end of 2025.

[Metaplanet Q1 Revenue Up 251%, Bitcoin Holdings Reach 40,177 BTC]On May 13, Japan's Bitcoin treasury company Metaplanet announced its Q1 results for the fiscal year 2026: revenue was 30.8 billion yen, a year-on-year increase of 251.1%; operating profit was 22.67 billion yen, up 282.5% year-on-year; recurring losses amounted to 114.928 billion yen, primarily impacted by accounting impairments due to the decline in Bitcoin prices. As of March 31, 2026, Metaplanet held 40,177 BTC, with a fully diluted per-share BTC holding increasing by 2.8% compared to the end of 2025.

Metaplanet Q1 Revenue Up 251%, Bitcoin Holdings Reach 40,177 BTC

On May 13, the Hong Kong stock market saw continued surges from major AI players, with MINIMAX-W's increase expanding to over 18% by the close of trading, while Zhizhu's rise reached 36%. MiniMax's stock price reported over HKD 818, marking an increase of more than four times from its issue price of HKD 165, with a latest market value exceeding HKD 256.6 billion. Multiple factors have boosted market sentiment, including positive signals from diplomatic channels. China's Ambassador to the U.S., Xie Feng, stated in an interview today that China has become the largest holder of global artificial intelligence patents and an important engine for global intelligent transformation. He specifically mentioned MiniMax's full-modal model achieving 'comprehensive coverage,' placing it alongside Seedance 2.0 video generation model and DeepSeek-V4 as representative cases of progress in China's AI industry. (Sina Technology)

[MiniMax Surges Over 18%, Market Value Exceeds HKD 256.6 Billion]On May 13, the Hong Kong stock market saw continued surges from major AI players, with MINIMAX-W's increase expanding to over 18% by the close of trading, while Zhizhu's rise reached 36%. MiniMax's stock price reported over HKD 818, marking an increase of more than four times from its issue price of HKD 165, with a latest market value exceeding HKD 256.6 billion. Multiple factors have boosted market sentiment, including positive signals from diplomatic channels. China's Ambassador to the U.S., Xie Feng, stated in an interview today that China has become the largest holder of global artificial intelligence patents and an important engine for global intelligent transformation. He specifically mentioned MiniMax's full-modal model achieving 'comprehensive coverage,' placing it alongside Seedance 2.0 video generation model and DeepSeek-V4 as representative cases of progress in China's AI industry. (Sina Technology)

MiniMax Surges Over 18%, Market Value Exceeds HKD 256.6 Billion

Lifeform tweeted: "Lifeform closed its Series A funding round at a $100 million valuation, raising 5%. Led by GeekCartel.eth with participation from KuCoin Labs, DHVC, SevenX Ventures, Foresight Ventures, K24 Ventures and Another World.:

Detail

【Lifeform closed its Series A funding round at a $100 million valuation】Lifeform tweeted: "Lifeform closed its Series A funding round at a $100 million valuation, raising 5%. Led by GeekCartel.eth with participation from KuCoin Labs, DHVC, SevenX Ventures, Foresight Ventures, K24 Ventures and Another World.:

Lifeform closed its Series A funding round at a $100 million valuation

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Article

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Lifeform closed its Series A funding round at a $100 million valuation

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

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