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On May 13, at Tencent's shareholder meeting, Chairman and CEO Pony Ma stated that Tencent's early foundational capabilities in AI were not outstanding. In recent years, the company has been continuously addressing its shortcomings through talent development, team management, and internal training, and is now gradually getting on the right track for development. In response to external doubts about whether Tencent's AI is lagging behind, Ma provided his most candid response to date. He said, 'A year ago, we thought we were on the ship, but later found that the ship was leaking. Now we feel like we are standing on it, but we can't sit down yet. We hope the ship can go a bit faster.' Ma also emphasized that Tencent may not be the fastest in seizing opportunities in the industry, but it is committed to following the right path and steadily leveraging its unique advantages. 'We can't just look at others and casually jump in to take their territory. We have done that in the past, but it mostly ended in failure.'

[Pony Ma Responds to Concerns About Tencent's AI Lag: 'We Thought We Were on the Ship, Only to Find It Leaking']On May 13, at Tencent's shareholder meeting, Chairman and CEO Pony Ma stated that Tencent's early foundational capabilities in AI were not outstanding. In recent years, the company has been continuously addressing its shortcomings through talent development, team management, and internal training, and is now gradually getting on the right track for development. In response to external doubts about whether Tencent's AI is lagging behind, Ma provided his most candid response to date. He said, 'A year ago, we thought we were on the ship, but later found that the ship was leaking. Now we feel like we are standing on it, but we can't sit down yet. We hope the ship can go a bit faster.' Ma also emphasized that Tencent may not be the fastest in seizing opportunities in the industry, but it is committed to following the right path and steadily leveraging its unique advantages. 'We can't just look at others and casually jump in to take their territory. We have done that in the past, but it mostly ended in failure.'

Pony Ma Responds to Concerns About Tencent's AI Lag: 'We Thought We Were on the Ship, Only to Find It Leaking'

On May 13, on-chain analyst Ai Yi (@ai_9684xtpa) reported that the address 0xcf6…6eb24 has made a profit of $1.15 million from a long position in INTC (Intel), making it the top account for floating profits in the Hyperliquid token. This address has a total position of $7.65 million, all in long positions, which include three U.S. stock tokens (Micron MU/Intel INTC/Nvidia NVDA) and three cryptocurrency tokens (ONDO/XPL/CHIP), with a total floating profit of $2.652 million.

[Address Profits $1.15 Million from Long Position in Intel, Total Account Profit Reaches $2.652 Million]On May 13, on-chain analyst Ai Yi (@ai_9684xtpa) reported that the address 0xcf6…6eb24 has made a profit of $1.15 million from a long position in INTC (Intel), making it the top account for floating profits in the Hyperliquid token. This address has a total position of $7.65 million, all in long positions, which include three U.S. stock tokens (Micron MU/Intel INTC/Nvidia NVDA) and three cryptocurrency tokens (ONDO/XPL/CHIP), with a total floating profit of $2.652 million.

Address Profits $1.15 Million from Long Position in Intel, Total Account Profit Reaches $2.652 Million

On May 13, Alibaba (09988.HK) reported that for the quarter ending March 31, 2026, the Cloud Intelligence Group's revenue was RMB 41.626 billion (USD 6.035 billion), marking a 38% year-over-year increase, with external commercialization revenue accelerating to a 40% year-over-year growth. This growth momentum was primarily driven by the increase in public cloud business revenue, which includes a rise in the adoption of AI-related products. In this quarter, revenue from AI-related products remained strong at RMB 8.971 billion, achieving triple-digit year-over-year growth for the eleventh consecutive quarter.

[Alibaba: AI-Related Product Revenue Achieves 11th Consecutive Quarter of Triple-Digit Year-Over-Year Growth]On May 13, Alibaba (09988.HK) reported that for the quarter ending March 31, 2026, the Cloud Intelligence Group's revenue was RMB 41.626 billion (USD 6.035 billion), marking a 38% year-over-year increase, with external commercialization revenue accelerating to a 40% year-over-year growth. This growth momentum was primarily driven by the increase in public cloud business revenue, which includes a rise in the adoption of AI-related products. In this quarter, revenue from AI-related products remained strong at RMB 8.971 billion, achieving triple-digit year-over-year growth for the eleventh consecutive quarter.

Alibaba: AI-Related Product Revenue Achieves 11th Consecutive Quarter of Triple-Digit Year-Over-Year Growth

On May 13, during Tencent's shareholder meeting, Chairman and CEO Pony Ma provided the most candid response to date regarding concerns about whether Tencent's AI is lagging behind. He stated, "A year ago, we thought we were on board, but later found that the ship was leaking. Now, we feel like we are on board, but we haven't settled in yet. We hope the ship can go a bit faster." Ma acknowledged the company's tumultuous journey in the field of artificial intelligence and humorously illustrated the current situation: they are on the ship but have not yet found their footing. He also emphasized that Tencent may not be the fastest in seizing opportunities in the industry, but they are committed to following the right path and leveraging their unique advantages steadily. "We can't just look at others and casually jump over to seize their territory. We have done that in the past but ultimately failed," he added. (Wall Street Journal)

[Pony Ma Responds to Concerns About Tencent's AI Lag: 'We Thought We Were on Board, But Found the Ship Leaking']On May 13, during Tencent's shareholder meeting, Chairman and CEO Pony Ma provided the most candid response to date regarding concerns about whether Tencent's AI is lagging behind. He stated, "A year ago, we thought we were on board, but later found that the ship was leaking. Now, we feel like we are on board, but we haven't settled in yet. We hope the ship can go a bit faster." Ma acknowledged the company's tumultuous journey in the field of artificial intelligence and humorously illustrated the current situation: they are on the ship but have not yet found their footing. He also emphasized that Tencent may not be the fastest in seizing opportunities in the industry, but they are committed to following the right path and leveraging their unique advantages steadily. "We can't just look at others and casually jump over to seize their territory. We have done that in the past but ultimately failed," he added. (Wall Street Journal)

Pony Ma Responds to Concerns About Tencent's AI Lag: 'We Thought We Were on Board, But Found the Ship Leaking'

On May 13, Japanese Bitcoin treasury company Metaplanet announced its Q1 performance for the fiscal year 2026: revenue was 30.8 billion yen (approximately 19.6 million USD), a year-on-year increase of 251.1%; operating profit was 22.67 billion yen (approximately 14.4 million USD), a year-on-year increase of 282.5%; recurring losses amounted to 114.928 billion yen (approximately 731 million USD), primarily impacted by accounting impairments due to the decline in Bitcoin prices. As of March 31, 2026, Metaplanet held 40,177 BTC, representing a 2.8% increase in fully diluted per-share BTC holdings compared to the end of 2025. The company stated that as of May 12, 2026, the market value of its BTC holdings was approximately 514 billion yen (about 3.27 billion USD), accounting for about 87% of the total BTC holdings of publicly listed companies in Japan. Additionally, Metaplanet maintained its full-year performance guidance for fiscal year 2026, expecting total revenue of 16 billion yen (approximately 1.02 million USD), a year-on-year increase of 79.7%; and total operating profit of 11.4 billion yen (approximately 72.5 million USD), a year-on-year increase of 81.3%.

[Metaplanet Releases Q1 Financial Report: Revenue Up 251% Year-on-Year, Bitcoin Holdings Reach 40,177 BTC]On May 13, Japanese Bitcoin treasury company Metaplanet announced its Q1 performance for the fiscal year 2026: revenue was 30.8 billion yen (approximately 19.6 million USD), a year-on-year increase of 251.1%; operating profit was 22.67 billion yen (approximately 14.4 million USD), a year-on-year increase of 282.5%; recurring losses amounted to 114.928 billion yen (approximately 731 million USD), primarily impacted by accounting impairments due to the decline in Bitcoin prices. As of March 31, 2026, Metaplanet held 40,177 BTC, representing a 2.8% increase in fully diluted per-share BTC holdings compared to the end of 2025. The company stated that as of May 12, 2026, the market value of its BTC holdings was approximately 514 billion yen (about 3.27 billion USD), accounting for about 87% of the total BTC holdings of publicly listed companies in Japan. Additionally, Metaplanet maintained its full-year performance guidance for fiscal year 2026, expecting total revenue of 16 billion yen (approximately 1.02 million USD), a year-on-year increase of 79.7%; and total operating profit of 11.4 billion yen (approximately 72.5 million USD), a year-on-year increase of 81.3%.

Metaplanet Releases Q1 Financial Report: Revenue Up 251% Year-on-Year, Bitcoin Holdings Reach 40,177 BTC

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, successfully concluded simultaneously in Hangzhou, Chongqing, and Shenzhen. This grand event brought together global blockchain elites and ecosystem leaders to jointly witness a milestone moment in AI trading in the Web 4.0 era.

[OG Agent Global Launch Conference (Shenzhen Station) Successfully Concludes: The Intelligent Computing Era Officially Begins]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, successfully concluded simultaneously in Hangzhou, Chongqing, and Shenzhen. This grand event brought together global blockchain elites and ecosystem leaders to jointly witness a milestone moment in AI trading in the Web 4.0 era.

OG Agent Global Launch Conference (Shenzhen Station) Successfully Concludes: The Intelligent Computing Era Officially Begins

UP fluctuated by 99.55% within 24 hours, current price $0.230819

【UP24-hour fluctuation exceeds 50%!】UP fluctuated by 99.55% within 24 hours, current price $0.230819

UP24-hour fluctuation exceeds 50%!

On May 13, The Block reported that the KRWQ stablecoin, pegged to the South Korean won, has announced its expansion to the Solana network, aiming to support on-chain liquidity in won. KRWQ was created in collaboration between IQ Company and Frax, and the team stated that this deployment will make it a core settlement asset for won liquidity on Solana. KRWQ will support various trading applications denominated in won on Solana, including perpetual futures, on-chain foreign exchange markets, arbitrage strategies, cross-margin trading between won and US dollar stablecoins, as well as institutional and algorithmic trading systems.

[KRWQ Stablecoin Expands to Solana Network]On May 13, The Block reported that the KRWQ stablecoin, pegged to the South Korean won, has announced its expansion to the Solana network, aiming to support on-chain liquidity in won. KRWQ was created in collaboration between IQ Company and Frax, and the team stated that this deployment will make it a core settlement asset for won liquidity on Solana. KRWQ will support various trading applications denominated in won on Solana, including perpetual futures, on-chain foreign exchange markets, arbitrage strategies, cross-margin trading between won and US dollar stablecoins, as well as institutional and algorithmic trading systems.

KRWQ Stablecoin Expands to Solana Network

On May 13, OpenAI's official status page indicated that the company is investigating multiple service outages, with the Codex 5.5 engine experiencing a high error rate. Free users are particularly affected, and all Codex users have reported increased latency with GPT 5.5. Additionally, the Realtime API's SIP/WebRTC processes have been interrupted, which has been marked as 'under investigation' by the official team, with related issues persisting for several hours. The website notes that the impact of the outages varies based on subscription level and the models and features used.

[OpenAI Services Experience Outages Affecting API and Codex Usage]On May 13, OpenAI's official status page indicated that the company is investigating multiple service outages, with the Codex 5.5 engine experiencing a high error rate. Free users are particularly affected, and all Codex users have reported increased latency with GPT 5.5. Additionally, the Realtime API's SIP/WebRTC processes have been interrupted, which has been marked as 'under investigation' by the official team, with related issues persisting for several hours. The website notes that the impact of the outages varies based on subscription level and the models and features used.

OpenAI Services Experience Outages Affecting API and Codex Usage

According to Bloomberg, customers are continuing to redeem Circle’s USD Coin stablecoin at a greater pace than buying it even after the firm recouped deposits that were caught up in the collapse of Silicon Valley Bank. On March 20, users redeemed $738.6 million USDC, while Circle issued less than $9 million of the token on the Ethereum blockchain, according to researcher CryptoCompare. The day before, customers redeemed $23.3 million as Circle issued $231 million on the network, data shows. Since the beginning of March, Circle burned about $12.2 billion USDC, while issuing about half as much on Ethereum, CryptoCompare found. Since March 13, investors redeemed $5.76 billion of USDC on Ethereum, while Circle has issued about $874 million of the stablecoin, per CryptoCompare data. USDC dumping is also visible on decentralized-finance apps, which let users trade, lend and borrow coins without intermediaries. On exchange known as Curve, its so-called 3pool continues to be out of balance. The liquidity pool is supposed to hold roughly equal balances of USDC, USDT and DAI stablecoins. But since Circle’s troubles began, USDT’s portion has continued to be tiny, currently standing at about 9%, meaning that Tether is in demand while traders are exiting the other stablecoins. “The recent concerns around the closure of banking partners looks to have led users to USDT and other stablecoins over USDC,” said Jacob Joseph, an analyst at CryptoCompare.

Detail

【Circle USDC stablecoin redemptions rise to about $6 billion】According to Bloomberg, customers are continuing to redeem Circle’s USD Coin stablecoin at a greater pace than buying it even after the firm recouped deposits that were caught up in the collapse of Silicon Valley Bank. On March 20, users redeemed $738.6 million USDC, while Circle issued less than $9 million of the token on the Ethereum blockchain, according to researcher CryptoCompare. The day before, customers redeemed $23.3 million as Circle issued $231 million on the network, data shows. Since the beginning of March, Circle burned about $12.2 billion USDC, while issuing about half as much on Ethereum, CryptoCompare found. Since March 13, investors redeemed $5.76 billion of USDC on Ethereum, while Circle has issued about $874 million of the stablecoin, per CryptoCompare data. USDC dumping is also visible on decentralized-finance apps, which let users trade, lend and borrow coins without intermediaries. On exchange known as Curve, its so-called 3pool continues to be out of balance. The liquidity pool is supposed to hold roughly equal balances of USDC, USDT and DAI stablecoins. But since Circle’s troubles began, USDT’s portion has continued to be tiny, currently standing at about 9%, meaning that Tether is in demand while traders are exiting the other stablecoins. “The recent concerns around the closure of banking partners looks to have led users to USDT and other stablecoins over USDC,” said Jacob Joseph, an analyst at CryptoCompare.

Circle USDC stablecoin redemptions rise to about $6 billion

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Circle USDC stablecoin redemptions rise to about $6 billion

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

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