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According to the Financial Times, foreign investors have withdrawn a record amount of capital from India.

[Foreign Investors Withdraw Record Amounts from India]According to the Financial Times, foreign investors have withdrawn a record amount of capital from India.

Foreign Investors Withdraw Record Amounts from India

On May 12, according to monitoring by Trader T, the US spot Ethereum ETF experienced a net outflow of $16.85 million yesterday.

[US Spot Ethereum ETF Sees Net Outflow of $16.85 Million]On May 12, according to monitoring by Trader T, the US spot Ethereum ETF experienced a net outflow of $16.85 million yesterday.

US Spot Ethereum ETF Sees Net Outflow of $16.85 Million

On May 12, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net inflow of $27.25 million yesterday.

[US Spot Bitcoin ETF Sees Net Inflow of $27.25 Million Yesterday]On May 12, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net inflow of $27.25 million yesterday.

US Spot Bitcoin ETF Sees Net Inflow of $27.25 Million Yesterday

On May 12, the Elon Musk vs. OpenAI case saw two key witnesses appear in court on May 11: Microsoft CEO Satya Nadella and OpenAI co-founder Ilya Sutskever. Nadella emphasized in court that Musk had never raised any objections to him regarding whether Microsoft's investment in OpenAI violated any specific terms or related commitments. In 2024, Musk filed a lawsuit against OpenAI, its CEO Sam Altman, and President Greg Brockman, accusing them of abandoning their initial nonprofit commitments and turning to commercialization for profit under the guise of a charitable organization, thus breaching their fiduciary duties. Microsoft is also named as a defendant in the case. Musk alleges that Microsoft has assisted and enabled OpenAI's actions that allegedly violate the purpose of the charitable trust. Since 2019, Microsoft has been a major investor in OpenAI, and in 2023, it made a significant investment of up to $10 billion in OpenAI. Musk believes that this $10 billion investment was a critical turning point that led him to conclude that OpenAI is straying from its nonprofit mission.

[New Developments in Musk vs. OpenAI Case: Microsoft CEO Nadella States Musk Never Questioned Microsoft's Investment]On May 12, the Elon Musk vs. OpenAI case saw two key witnesses appear in court on May 11: Microsoft CEO Satya Nadella and OpenAI co-founder Ilya Sutskever. Nadella emphasized in court that Musk had never raised any objections to him regarding whether Microsoft's investment in OpenAI violated any specific terms or related commitments. In 2024, Musk filed a lawsuit against OpenAI, its CEO Sam Altman, and President Greg Brockman, accusing them of abandoning their initial nonprofit commitments and turning to commercialization for profit under the guise of a charitable organization, thus breaching their fiduciary duties. Microsoft is also named as a defendant in the case. Musk alleges that Microsoft has assisted and enabled OpenAI's actions that allegedly violate the purpose of the charitable trust. Since 2019, Microsoft has been a major investor in OpenAI, and in 2023, it made a significant investment of up to $10 billion in OpenAI. Musk believes that this $10 billion investment was a critical turning point that led him to conclude that OpenAI is straying from its nonprofit mission.

New Developments in Musk vs. OpenAI Case: Microsoft CEO Nadella States Musk Never Questioned Microsoft's Investment

On May 12, it was reported that Musk's artificial intelligence model Grok is significantly lagging behind rapidly growing competitors. A large-scale computing power leasing agreement between its parent company SpaceX and Anthropic has raised questions about whether Grok still has a chance to catch up with industry leaders. Since its launch two years ago, Grok has attracted millions of users with its integration with Musk's social platform X and controversial features like 'AI companions.' However, the latest data indicates that its growth momentum seems to have stagnated. According to analysis from AppMagic, Grok's downloads in April this year have dropped to around 8.3 million, down from over 20 million in January. A survey conducted by research firm Recon Analytics among over 260,000 AI users and professionals in the US shows that the percentage of respondents willing to pay for Grok remained almost unchanged at just 0.174% in the second quarter of 2026, compared to 0.173% a year ago. In contrast, over 6% of respondents reported having paid for ChatGPT.

[US Media: Musk's Grok is Falling Behind in the AI Race]On May 12, it was reported that Musk's artificial intelligence model Grok is significantly lagging behind rapidly growing competitors. A large-scale computing power leasing agreement between its parent company SpaceX and Anthropic has raised questions about whether Grok still has a chance to catch up with industry leaders. Since its launch two years ago, Grok has attracted millions of users with its integration with Musk's social platform X and controversial features like 'AI companions.' However, the latest data indicates that its growth momentum seems to have stagnated. According to analysis from AppMagic, Grok's downloads in April this year have dropped to around 8.3 million, down from over 20 million in January. A survey conducted by research firm Recon Analytics among over 260,000 AI users and professionals in the US shows that the percentage of respondents willing to pay for Grok remained almost unchanged at just 0.174% in the second quarter of 2026, compared to 0.173% a year ago. In contrast, over 6% of respondents reported having paid for ChatGPT.

US Media: Musk's Grok is Falling Behind in the AI Race

genius Hits New High of 0.5494 USDT, Up 1.35% in 24H

【genius soared to 0.5494 USDT, a new high with a 24-hour increase of 1.35%. It currently trades at 0.5494 USDT on HTX.】genius Hits New High of 0.5494 USDT, Up 1.35% in 24H

genius soared to 0.5494 USDT, a new high with a 24-hour increase of 1.35%. It currently trades at 0.5494 USDT on HTX.

On May 12, ARK Invest, led by Cathie Wood, purchased approximately $5.5 million worth of Circle stock on Monday, following a 16% surge in the stock after the release of its first-quarter earnings report. According to ARK's trading report on May 11, the firm's three ETFs—Innovation (ARKK), Next Generation Internet (ARKW), and Blockchain and Fintech Innovation (ARKF)—collectively bought 41,904 shares of Circle Internet Group. This marks ARK's first increase in Circle holdings since March 24. ARK typically adjusts its positions to ensure that no single stock exceeds 10% of the fund, thus actively rebalancing when certain asset prices fluctuate significantly. According to the latest disclosures, Circle is currently the sixth-largest holding in the ARKK ETF, accounting for approximately 4.6% of the fund, with a market value of about $306.5 million, trailing only Tesla, Advanced Micro Devices, CRISPR Therapeutics, Tempus AI, and Roku.

[ARK Invest Invests $5.5 Million to Increase Stake in Circle Stock, Which Soared 16% After Q1 Earnings Report]On May 12, ARK Invest, led by Cathie Wood, purchased approximately $5.5 million worth of Circle stock on Monday, following a 16% surge in the stock after the release of its first-quarter earnings report. According to ARK's trading report on May 11, the firm's three ETFs—Innovation (ARKK), Next Generation Internet (ARKW), and Blockchain and Fintech Innovation (ARKF)—collectively bought 41,904 shares of Circle Internet Group. This marks ARK's first increase in Circle holdings since March 24. ARK typically adjusts its positions to ensure that no single stock exceeds 10% of the fund, thus actively rebalancing when certain asset prices fluctuate significantly. According to the latest disclosures, Circle is currently the sixth-largest holding in the ARKK ETF, accounting for approximately 4.6% of the fund, with a market value of about $306.5 million, trailing only Tesla, Advanced Micro Devices, CRISPR Therapeutics, Tempus AI, and Roku.

ARK Invest Invests $5.5 Million to Increase Stake in Circle Stock, Which Soared 16% After Q1 Earnings Report

On May 12, Grayscale submitted an application to convert its Zcash Trust into a spot ETF, which, if approved, would become the world's first spot ETF for a privacy coin. Meanwhile, the U.S. SEC has previously concluded its long-term review of privacy coins without taking enforcement action, clearing a significant regulatory hurdle.

[Grayscale Submits Application to Convert Zcash Trust into Spot ETF]On May 12, Grayscale submitted an application to convert its Zcash Trust into a spot ETF, which, if approved, would become the world's first spot ETF for a privacy coin. Meanwhile, the U.S. SEC has previously concluded its long-term review of privacy coins without taking enforcement action, clearing a significant regulatory hurdle.

Grayscale Submits Application to Convert Zcash Trust into Spot ETF

On May 12, AI laboratory Dolphin tweeted that the Dolphin Network utilizes a Peer-to-Pool architecture to repurpose idle GPUs, with each model running in a GPU pool and tasks randomly assigned to nodes, without direct buyer-seller binding. Nodes receive POD token rewards from the protocol treasury based solely on the number of inference tokens processed; users can purchase credits directly from the protocol, supporting payments in POD, ETH, BTC, USDC, XMR, and ZEC. All protocol revenue will be used for market buybacks of POD, directly offsetting inflation. For instance, for Qwen 3.6 35B, Dolphin charges users $0.70 per million tokens (lower than OpenRouter's $1), pays nodes $0.50, resulting in a net buyback of $0.20. POD holders can stake into the xPOD treasury to receive automatic reinvestment dividends, daily inference quotas, and ecosystem subscription benefits. Node operators must stake forfeitable POD bonds equivalent to four weeks of income, with penalties for cheating resulting in corresponding deductions. The reward multiplier mechanism can reach up to 2 times.

[Dolphin: All Protocol Revenue to be Used for Market Buyback of POD, Holders Can Stake for xPOD Benefits]On May 12, AI laboratory Dolphin tweeted that the Dolphin Network utilizes a Peer-to-Pool architecture to repurpose idle GPUs, with each model running in a GPU pool and tasks randomly assigned to nodes, without direct buyer-seller binding. Nodes receive POD token rewards from the protocol treasury based solely on the number of inference tokens processed; users can purchase credits directly from the protocol, supporting payments in POD, ETH, BTC, USDC, XMR, and ZEC. All protocol revenue will be used for market buybacks of POD, directly offsetting inflation. For instance, for Qwen 3.6 35B, Dolphin charges users $0.70 per million tokens (lower than OpenRouter's $1), pays nodes $0.50, resulting in a net buyback of $0.20. POD holders can stake into the xPOD treasury to receive automatic reinvestment dividends, daily inference quotas, and ecosystem subscription benefits. Node operators must stake forfeitable POD bonds equivalent to four weeks of income, with penalties for cheating resulting in corresponding deductions. The reward multiplier mechanism can reach up to 2 times.

Dolphin: All Protocol Revenue to be Used for Market Buyback of POD, Holders Can Stake for xPOD Benefits

According to Forkast, the court ruling in a lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against payments processor Ripple Labs Inc. will have minimal impact on the company’s global business expansion, Ripple’s APAC region policy director Rahul Advani said at a press conference in South Korea on Wednesday, according to local media reports.
Advani said 90% of Ripple’s business is outside of the U.S., with a large portion in the Asia-Pacific region, local media outlet Bloomingbit reported. Advani said the company has seen the biggest growth during the two years it has been involved in the legal battle with the SEC.
In December 2020, the SEC filed a lawsuit against Ripple, alleging the US$1.38 billion sale of XRP, the crypto token that powers Ripple’s payment and remittance network, constituted an illegal offering of unregistered securities.
Brooks Entwistle, Ripple’s managing director for the Asia Pacific, Middle East and North Africa, said at the same conference that the future of the cryptocurrency industry in the U.S. itself will be influenced greatly by the ruling in the SEC vs Ripple lawsuit.

Detail

【Ripple executives say XRP lawsuit ruling will have little impact on global business operations】According to Forkast, the court ruling in a lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against payments processor Ripple Labs Inc. will have minimal impact on the company’s global business expansion, Ripple’s APAC region policy director Rahul Advani said at a press conference in South Korea on Wednesday, according to local media reports.
Advani said 90% of Ripple’s business is outside of the U.S., with a large portion in the Asia-Pacific region, local media outlet Bloomingbit reported. Advani said the company has seen the biggest growth during the two years it has been involved in the legal battle with the SEC.
In December 2020, the SEC filed a lawsuit against Ripple, alleging the US$1.38 billion sale of XRP, the crypto token that powers Ripple’s payment and remittance network, constituted an illegal offering of unregistered securities.
Brooks Entwistle, Ripple’s managing director for the Asia Pacific, Middle East and North Africa, said at the same conference that the future of the cryptocurrency industry in the U.S. itself will be influenced greatly by the ruling in the SEC vs Ripple lawsuit.

Ripple executives say XRP lawsuit ruling will have little impact on global business operations

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Article

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Ripple executives say XRP lawsuit ruling will have little impact on global business operations

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

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