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On May 12, local time May 11, the Trump administration announced a reward of up to $15 million for information regarding the funding mechanisms of the Iranian Islamic Revolutionary Guard Corps (IRGC). This reward, issued by the U.S. State Department, aims to gather information about the revenue sources, funding channels, and key financial support networks of the IRGC and its Quds Force. The State Department stated that the targets of the reward include shell companies, individuals, and financial institutions that assist the IRGC in evading sanctions, as well as information on how Iran transfers funds and materials to its 'terrorist organizations and militia proxies.' Additionally, the U.S. is particularly focused on financial institutions, exchange agencies, and companies controlled by the IRGC that facilitate transactions for the organization.

[US Offers $15 Million Reward to Disrupt Iranian Revolutionary Guard Funding Network]On May 12, local time May 11, the Trump administration announced a reward of up to $15 million for information regarding the funding mechanisms of the Iranian Islamic Revolutionary Guard Corps (IRGC). This reward, issued by the U.S. State Department, aims to gather information about the revenue sources, funding channels, and key financial support networks of the IRGC and its Quds Force. The State Department stated that the targets of the reward include shell companies, individuals, and financial institutions that assist the IRGC in evading sanctions, as well as information on how Iran transfers funds and materials to its 'terrorist organizations and militia proxies.' Additionally, the U.S. is particularly focused on financial institutions, exchange agencies, and companies controlled by the IRGC that facilitate transactions for the organization.

US Offers $15 Million Reward to Disrupt Iranian Revolutionary Guard Funding Network

On May 12, OpenAI CEO Sam Altman announced that OpenAI has officially launched Daybreak, aimed at accelerating the development of cyber defense and achieving normalized software security protection. Artificial intelligence has already demonstrated significant capabilities in the field of cybersecurity and is on the verge of a capability leap; we hope to partner with as many companies as possible to help them establish a normalized security protection system.

[OpenAI CEO: OpenAI Officially Launches Daybreak to Accelerate Cyber Defense Development]On May 12, OpenAI CEO Sam Altman announced that OpenAI has officially launched Daybreak, aimed at accelerating the development of cyber defense and achieving normalized software security protection. Artificial intelligence has already demonstrated significant capabilities in the field of cybersecurity and is on the verge of a capability leap; we hope to partner with as many companies as possible to help them establish a normalized security protection system.

OpenAI CEO: OpenAI Officially Launches Daybreak to Accelerate Cyber Defense Development

On May 12, Kevin Wosh, the nominee for the next Federal Reserve Chair appointed by Trump, crossed a critical procedural hurdle in the Senate on Monday. Powell's term as Chair will end this Friday. The Senate is expected to vote on Wosh's confirmation as a Fed Governor, with a 14-year term, as early as Tuesday following the so-called 'cloture vote' on Monday. Subsequently, lawmakers will initiate the confirmation process for his four-year term as Fed Chair, with a related vote potentially occurring as soon as Wednesday. The Republican-controlled Senate is expected to approve Wosh as the next leader of the Federal Reserve. The Fed's next meeting, which could also be Wosh's first as Chair, is scheduled for June 16-17 local time.

[Wosh Passes Key Procedural Vote as Fed Chair Transition Countdown Begins]On May 12, Kevin Wosh, the nominee for the next Federal Reserve Chair appointed by Trump, crossed a critical procedural hurdle in the Senate on Monday. Powell's term as Chair will end this Friday. The Senate is expected to vote on Wosh's confirmation as a Fed Governor, with a 14-year term, as early as Tuesday following the so-called 'cloture vote' on Monday. Subsequently, lawmakers will initiate the confirmation process for his four-year term as Fed Chair, with a related vote potentially occurring as soon as Wednesday. The Republican-controlled Senate is expected to approve Wosh as the next leader of the Federal Reserve. The Fed's next meeting, which could also be Wosh's first as Chair, is scheduled for June 16-17 local time.

Wosh Passes Key Procedural Vote as Fed Chair Transition Countdown Begins

On May 12, Cole Allen, the suspect in the shooting incident at the White House Correspondents' Association dinner, appeared in federal district court in Washington, D.C. on the 11th and pleaded not guilty to all charges, including the attempted assassination of President Trump.

[Suspect in White House Correspondents' Dinner Shooting Pleads Not Guilty]On May 12, Cole Allen, the suspect in the shooting incident at the White House Correspondents' Association dinner, appeared in federal district court in Washington, D.C. on the 11th and pleaded not guilty to all charges, including the attempted assassination of President Trump.

Suspect in White House Correspondents' Dinner Shooting Pleads Not Guilty

On May 12, CoW DAO announced that its domain registrar was subjected to a social engineering attack on April 14, during which the attacker briefly controlled the official domain for about 4.5 hours. During this time, users were directed to a phishing website, leading them to sign malicious transactions. The project team emphasized that the CoW Protocol itself was not compromised, but some user assets were affected during this time window. In response to the incident, the CoW DAO community governance proposal CIP-86 has been approved, establishing a discretionary compensation fund to reimburse affected users for their losses. The official reminder states that eligible users must submit their claims by May 14, including affected wallet addresses, asset information, transaction hashes, and names, and apply via email to help@cow.fi, with the email subject clearly indicating 'Discretionary Grant Claim for'.

[CoW DAO Domain Hijacking Incident Compensation Plan Approved; Affected Users Must Report by May 14]On May 12, CoW DAO announced that its domain registrar was subjected to a social engineering attack on April 14, during which the attacker briefly controlled the official domain for about 4.5 hours. During this time, users were directed to a phishing website, leading them to sign malicious transactions. The project team emphasized that the CoW Protocol itself was not compromised, but some user assets were affected during this time window. In response to the incident, the CoW DAO community governance proposal CIP-86 has been approved, establishing a discretionary compensation fund to reimburse affected users for their losses. The official reminder states that eligible users must submit their claims by May 14, including affected wallet addresses, asset information, transaction hashes, and names, and apply via email to help@cow.fi, with the email subject clearly indicating 'Discretionary Grant Claim for'.

CoW DAO Domain Hijacking Incident Compensation Plan Approved; Affected Users Must Report by May 14

On May 12, Ondo Finance announced that its subsidiary Ondo Global Markets has surpassed a total value locked (TVL) of $1 billion, making it one of the fastest-growing tokenized stock and ETF platforms in the history of on-chain finance.

[Ondo: Tokenized Stock Platform TVL Surpasses $1 Billion]On May 12, Ondo Finance announced that its subsidiary Ondo Global Markets has surpassed a total value locked (TVL) of $1 billion, making it one of the fastest-growing tokenized stock and ETF platforms in the history of on-chain finance.

Ondo: Tokenized Stock Platform TVL Surpasses $1 Billion

On May 12, Kevin Walsh, the nominee for the next Federal Reserve Chair appointed by Trump, crossed a key procedural hurdle in the Senate on Monday. Powell's term as Chair is set to end this Friday. The Senate is expected to vote on Walsh's confirmation as a Federal Reserve Governor, with a term of 14 years, as soon as Tuesday following the so-called "cloture vote" on Monday. Subsequently, lawmakers will initiate the confirmation process for his four-year term as Federal Reserve Chair, with a related vote potentially taking place as early as Wednesday. The Republican-controlled Senate is expected to approve Walsh as the next leader of the Federal Reserve. The next Federal Reserve meeting, which could also be Walsh's first as Chair, is scheduled for June 16-17.

[Walsh Passes Key Procedural Vote as Fed Chair Transition Countdown Begins]On May 12, Kevin Walsh, the nominee for the next Federal Reserve Chair appointed by Trump, crossed a key procedural hurdle in the Senate on Monday. Powell's term as Chair is set to end this Friday. The Senate is expected to vote on Walsh's confirmation as a Federal Reserve Governor, with a term of 14 years, as soon as Tuesday following the so-called "cloture vote" on Monday. Subsequently, lawmakers will initiate the confirmation process for his four-year term as Federal Reserve Chair, with a related vote potentially taking place as early as Wednesday. The Republican-controlled Senate is expected to approve Walsh as the next leader of the Federal Reserve. The next Federal Reserve meeting, which could also be Walsh's first as Chair, is scheduled for June 16-17.

Walsh Passes Key Procedural Vote as Fed Chair Transition Countdown Begins

On May 12, local time May 11, the Trump administration requested a U.S. court to suspend the enforcement of a previous unfavorable ruling regarding a 10% global tariff, allowing the federal government to continue its appeal process. The U.S. International Trade Court ruled against the new tariff measures on May 8, but did not fully halt the tariff imposition. The Trump administration formally filed an appeal on the 8th. If the court approves the suspension of the ruling, three importers who previously sued the government over its tariff policy will again face the 10% global tariff. This 10% global tariff was implemented in February of this year. At that time, after the U.S. Supreme Court rejected most of the tariff measures proposed by the Trump administration for 2025, the government turned to promote a new global tariff policy based on Section 122 of the Trade Act of 1974. Currently, this global tariff measure is set to expire in July unless Congress decides to extend it. (CCTV News)

[Trump Administration Requests Court to Suspend Ruling on 10% Global Tariff]On May 12, local time May 11, the Trump administration requested a U.S. court to suspend the enforcement of a previous unfavorable ruling regarding a 10% global tariff, allowing the federal government to continue its appeal process. The U.S. International Trade Court ruled against the new tariff measures on May 8, but did not fully halt the tariff imposition. The Trump administration formally filed an appeal on the 8th. If the court approves the suspension of the ruling, three importers who previously sued the government over its tariff policy will again face the 10% global tariff. This 10% global tariff was implemented in February of this year. At that time, after the U.S. Supreme Court rejected most of the tariff measures proposed by the Trump administration for 2025, the government turned to promote a new global tariff policy based on Section 122 of the Trade Act of 1974. Currently, this global tariff measure is set to expire in July unless Congress decides to extend it. (CCTV News)

Trump Administration Requests Court to Suspend Ruling on 10% Global Tariff

On May 12, U.S. President Trump expressed on his social media platform 'Truth Social' on May 11 that he is very much looking forward to his upcoming trip to China, calling China 'an amazing country.' (CCTV News)

[President Trump: Very Much Looking Forward to China Trip]On May 12, U.S. President Trump expressed on his social media platform 'Truth Social' on May 11 that he is very much looking forward to his upcoming trip to China, calling China 'an amazing country.' (CCTV News)

President Trump: Very Much Looking Forward to China Trip

According to WSJ, U.S. President Bidens set to release his fiscal 2024 budget plan on Thursday. Administration officials said it would propose cutting federal budget deficits by nearly $3 trillion over the next decade, including a proposal to change the tax treatment of cryptocurrency transactions to raise $24 billion. The proposal is unlikely to gain momentum, with Republicans expected to oppose many of Mr. Biden’s plans, and it will include some ideas that didn’t become law while Democrats controlled the House and Senate.

Detail

【WSJ: Bidens may propose to change the tax treatment of cryptocurrency transactions to raise $24 billion】According to WSJ, U.S. President Bidens set to release his fiscal 2024 budget plan on Thursday. Administration officials said it would propose cutting federal budget deficits by nearly $3 trillion over the next decade, including a proposal to change the tax treatment of cryptocurrency transactions to raise $24 billion. The proposal is unlikely to gain momentum, with Republicans expected to oppose many of Mr. Biden’s plans, and it will include some ideas that didn’t become law while Democrats controlled the House and Senate.

WSJ: Bidens may propose to change the tax treatment of cryptocurrency transactions to raise $24 billion

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WSJ: Bidens may propose to change the tax treatment of cryptocurrency transactions to raise $24 billion

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