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On May 12, Kuaishou announced that on May 11, there were media reports indicating the company's intention to seek external financing for its Keling AI-related assets and business and to propose an independent listing. 'The company hereby updates its shareholders and investors that in order to further leverage external financial resources, the Board of Directors is evaluating a proposed restructuring plan for Keling AI-related assets and business, which may involve the introduction of external financing. As of the date of this announcement, the proposed plan is still in the preliminary stage, and the company has not signed any final agreements regarding this matter. There is no guarantee that such proposed plans will proceed.'

[Kuaishou: Evaluating Proposed Restructuring Plan for Keling AI Assets and Business, Proposal in Preliminary Stage]On May 12, Kuaishou announced that on May 11, there were media reports indicating the company's intention to seek external financing for its Keling AI-related assets and business and to propose an independent listing. 'The company hereby updates its shareholders and investors that in order to further leverage external financial resources, the Board of Directors is evaluating a proposed restructuring plan for Keling AI-related assets and business, which may involve the introduction of external financing. As of the date of this announcement, the proposed plan is still in the preliminary stage, and the company has not signed any final agreements regarding this matter. There is no guarantee that such proposed plans will proceed.'

Kuaishou: Evaluating Proposed Restructuring Plan for Keling AI Assets and Business, Proposal in Preliminary Stage

On May 12, the Jiangsu Provincial Data Bureau announced that Jiangsu has prioritized the construction of high-quality datasets to accelerate the formation of benchmark datasets that meet AI readiness requirements, effectively train advanced models, address industry challenges, and possess international influence, providing solid support for the innovative development of artificial intelligence in Jiangsu Province. Statistics show that as of the first quarter of this year, over 116,000 high-quality datasets have been established nationwide, totaling over 960PB. As a major data province, Jiangsu has formed 521 high-quality datasets in key areas such as healthcare, transportation, industry, energy, and cultural tourism, with a total scale exceeding 95PB. To further eliminate bottlenecks in the implementation of 'Artificial Intelligence + various industries,' Jiangsu will launch a series of initiatives for high-quality dataset construction: promoting the introduction of special policies in the field of artificial intelligence, clarifying industrial development goals, key tasks, and support measures; supporting cities to build a number of distinctive 'Artificial Intelligence +' data annotation industry innovation pilot zones tailored to local conditions; fully leveraging the role of the expert committee on high-quality datasets and the working group on data annotation and dataset standards to systematically advance pilot experiments for high-quality datasets; organizing leading enterprises and chain master units to compile lists of data annotation needs and capabilities in key areas such as intelligent manufacturing, healthcare, vehicle networking, and government services; actively introducing demand-side platform enterprises to collaboratively promote the construction of data annotation innovation factories, accelerating the cultivation of leading data annotation enterprises, gazelle enterprises, and unicorn companies; regularly organizing high-level supply-demand matching activities to promote the alignment of high-quality provincial resources with local needs; strengthening data technology and discipline construction, supporting universities and research institutions to offer relevant majors, establishing industry-education integration training bases, and scaling up the training of professional talents such as AI trainers. (Dongxin News Agency)

[Jiangsu: Promoting Special Policies in Artificial Intelligence to Establish Innovative Data Annotation Industry Pilot Zones]On May 12, the Jiangsu Provincial Data Bureau announced that Jiangsu has prioritized the construction of high-quality datasets to accelerate the formation of benchmark datasets that meet AI readiness requirements, effectively train advanced models, address industry challenges, and possess international influence, providing solid support for the innovative development of artificial intelligence in Jiangsu Province. Statistics show that as of the first quarter of this year, over 116,000 high-quality datasets have been established nationwide, totaling over 960PB. As a major data province, Jiangsu has formed 521 high-quality datasets in key areas such as healthcare, transportation, industry, energy, and cultural tourism, with a total scale exceeding 95PB. To further eliminate bottlenecks in the implementation of 'Artificial Intelligence + various industries,' Jiangsu will launch a series of initiatives for high-quality dataset construction: promoting the introduction of special policies in the field of artificial intelligence, clarifying industrial development goals, key tasks, and support measures; supporting cities to build a number of distinctive 'Artificial Intelligence +' data annotation industry innovation pilot zones tailored to local conditions; fully leveraging the role of the expert committee on high-quality datasets and the working group on data annotation and dataset standards to systematically advance pilot experiments for high-quality datasets; organizing leading enterprises and chain master units to compile lists of data annotation needs and capabilities in key areas such as intelligent manufacturing, healthcare, vehicle networking, and government services; actively introducing demand-side platform enterprises to collaboratively promote the construction of data annotation innovation factories, accelerating the cultivation of leading data annotation enterprises, gazelle enterprises, and unicorn companies; regularly organizing high-level supply-demand matching activities to promote the alignment of high-quality provincial resources with local needs; strengthening data technology and discipline construction, supporting universities and research institutions to offer relevant majors, establishing industry-education integration training bases, and scaling up the training of professional talents such as AI trainers. (Dongxin News Agency)

Jiangsu: Promoting Special Policies in Artificial Intelligence to Establish Innovative Data Annotation Industry Pilot Zones

On May 12, the U.S. Senate Banking Committee released a 309-page draft of the CLARITY bill. Committee members must submit amendments by tomorrow for consideration on Thursday.

[U.S. Senate Banking Committee Releases CLARITY Bill Draft, Amendments Due Tomorrow]On May 12, the U.S. Senate Banking Committee released a 309-page draft of the CLARITY bill. Committee members must submit amendments by tomorrow for consideration on Thursday.

U.S. Senate Banking Committee Releases CLARITY Bill Draft, Amendments Due Tomorrow

On May 12, the Ethereum Foundation unstaked 21,271 ETH from Lido, triggering market panic. Arkham analyzed this move, suggesting that the foundation's actions may stem from concerns about the security of third-party protocols. Additionally, the foundation has recently sold ETH multiple times, indicating a need for treasury rebalancing, which typically does not lead to immediate sell-offs.

[Arkham: Ethereum Foundation's Large ETH Unstaking May Not Cause Short-Term Selling Pressure]On May 12, the Ethereum Foundation unstaked 21,271 ETH from Lido, triggering market panic. Arkham analyzed this move, suggesting that the foundation's actions may stem from concerns about the security of third-party protocols. Additionally, the foundation has recently sold ETH multiple times, indicating a need for treasury rebalancing, which typically does not lead to immediate sell-offs.

Arkham: Ethereum Foundation's Large ETH Unstaking May Not Cause Short-Term Selling Pressure

On May 12, the U.S. Senate Banking Committee released the latest version of the Clarity Act, detailing the framework proposal for the cryptocurrency market currently advancing in Congress. This bill text will be discussed at the committee hearing this week, and there are no significant unexpected provisions, reflecting the multiple rounds of debate and consultation over the past months regarding stablecoin yields and the regulation of the decentralized finance industry.

[U.S. Senate Banking Committee Officially Releases Full Text of the Clarity Act Ahead of Hearing]On May 12, the U.S. Senate Banking Committee released the latest version of the Clarity Act, detailing the framework proposal for the cryptocurrency market currently advancing in Congress. This bill text will be discussed at the committee hearing this week, and there are no significant unexpected provisions, reflecting the multiple rounds of debate and consultation over the past months regarding stablecoin yields and the regulation of the decentralized finance industry.

U.S. Senate Banking Committee Officially Releases Full Text of the Clarity Act Ahead of Hearing

On May 12, according to Barchart, the Buffett Indicator (U.S. stock market total market cap/GDP) surpassed 230% for the first time in May, reaching a historic high. Analysts believe this reflects the high valuation status of the U.S. stock market, particularly driven by tech giants. However, high valuations do not necessarily indicate an imminent market crash. The market is concentrated in a few large stocks, and historical experience suggests that this indicator is more suitable for long-term risk assessment rather than precise timing.

[U.S. Stock Market Total Market Cap/GDP Ratio Hits Record High]On May 12, according to Barchart, the Buffett Indicator (U.S. stock market total market cap/GDP) surpassed 230% for the first time in May, reaching a historic high. Analysts believe this reflects the high valuation status of the U.S. stock market, particularly driven by tech giants. However, high valuations do not necessarily indicate an imminent market crash. The market is concentrated in a few large stocks, and historical experience suggests that this indicator is more suitable for long-term risk assessment rather than precise timing.

U.S. Stock Market Total Market Cap/GDP Ratio Hits Record High

According to monitoring by Beating, two AI giants with a combined valuation nearing $2 trillion are taking action to clean up their equity tables ahead of their IPOs. OpenAI announced a formal policy on its website today, stating that all share transfers without written consent are invalid, covering direct sales, SPV (Special Purpose Vehicle) shares, tokenized rights, and forward contracts. Both buyers and sellers will receive no economic value and may also violate U.S. securities laws. As early as August 2025, OpenAI publicly warned investors to be wary of unauthorized SPV scams, and this marks the establishment of formal rules. Anthropic has similarly tightened its policies, using the term 'void' rather than 'voidable' on its equity trading policy page. Crypto lawyer Gabriel Shapiro noted that this represents the most aggressive legal stance under Delaware corporate law: voidable transactions can still be salvaged, while void transactions are legally considered to have 'never occurred.' Sellers can retain both their shares and the money received, while buyers can only seek recourse upstream. Anthropic also specifically named several platforms, including Open Door Partners, Unicorns Exchange, Forge Global, and Hiive, announcing that shares purchased through these channels carry no shareholder rights. The ban comes against the backdrop of a frenzied secondary market. Anthropic's primary financing valuation in February was $380 billion, yet the secondary market has soared to around $1 trillion. OpenAI is valued at $852 billion. Both companies plan to IPO in the fourth quarter of this year, aiming to clean up uncontrolled 'wild shareholders' from their equity tables before going public, which is both a compliance necessity and a struggle for pricing power.

[OpenAI and Anthropic Ban Unauthorized Share Transfers: Non-Authorized SPV Investments Nullified]According to monitoring by Beating, two AI giants with a combined valuation nearing $2 trillion are taking action to clean up their equity tables ahead of their IPOs. OpenAI announced a formal policy on its website today, stating that all share transfers without written consent are invalid, covering direct sales, SPV (Special Purpose Vehicle) shares, tokenized rights, and forward contracts. Both buyers and sellers will receive no economic value and may also violate U.S. securities laws. As early as August 2025, OpenAI publicly warned investors to be wary of unauthorized SPV scams, and this marks the establishment of formal rules. Anthropic has similarly tightened its policies, using the term 'void' rather than 'voidable' on its equity trading policy page. Crypto lawyer Gabriel Shapiro noted that this represents the most aggressive legal stance under Delaware corporate law: voidable transactions can still be salvaged, while void transactions are legally considered to have 'never occurred.' Sellers can retain both their shares and the money received, while buyers can only seek recourse upstream. Anthropic also specifically named several platforms, including Open Door Partners, Unicorns Exchange, Forge Global, and Hiive, announcing that shares purchased through these channels carry no shareholder rights. The ban comes against the backdrop of a frenzied secondary market. Anthropic's primary financing valuation in February was $380 billion, yet the secondary market has soared to around $1 trillion. OpenAI is valued at $852 billion. Both companies plan to IPO in the fourth quarter of this year, aiming to clean up uncontrolled 'wild shareholders' from their equity tables before going public, which is both a compliance necessity and a struggle for pricing power.

OpenAI and Anthropic Ban Unauthorized Share Transfers: Non-Authorized SPV Investments Nullified

On May 12, Bitmine Chairman Tom Lee stated that Bitmine purchased 26,659 ETH last week, a slowdown compared to previous purchases of over 100,000 ETH per week. However, the company still plans to hold 5% of the circulating supply of Ethereum by the end of 2026. Currently, the company's total staked Ethereum exceeds 4.7 million, with an expected annual reward of approximately $352 million once fully staked. Tom Lee believes that if Ethereum's closing price is above $2,100 by the end of May, it will confirm that 'crypto spring' has arrived.

[Bitmine Plans to Hold 5% of Ethereum Supply by End of 2026]On May 12, Bitmine Chairman Tom Lee stated that Bitmine purchased 26,659 ETH last week, a slowdown compared to previous purchases of over 100,000 ETH per week. However, the company still plans to hold 5% of the circulating supply of Ethereum by the end of 2026. Currently, the company's total staked Ethereum exceeds 4.7 million, with an expected annual reward of approximately $352 million once fully staked. Tom Lee believes that if Ethereum's closing price is above $2,100 by the end of May, it will confirm that 'crypto spring' has arrived.

Bitmine Plans to Hold 5% of Ethereum Supply by End of 2026

On May 12, SoftBank Group is set to announce its Q4 earnings on Wednesday. According to a survey by Visible Alpha of analysts, the net profit for SoftBank Group for the three months ending in March (Q4) is expected to decline by 64% to 187.8 billion yen (approximately $1.19 billion). In comparison, the net profit for the same period last year was 517.2 billion yen. Driven by growing expectations for demand related to artificial intelligence, the company's stock price has risen 31% year-to-date as of Monday. Prior to this, the stock had increased by 92% in 2025.

[Analysts Expect SoftBank Group's Q4 Net Profit to Decline]On May 12, SoftBank Group is set to announce its Q4 earnings on Wednesday. According to a survey by Visible Alpha of analysts, the net profit for SoftBank Group for the three months ending in March (Q4) is expected to decline by 64% to 187.8 billion yen (approximately $1.19 billion). In comparison, the net profit for the same period last year was 517.2 billion yen. Driven by growing expectations for demand related to artificial intelligence, the company's stock price has risen 31% year-to-date as of Monday. Prior to this, the stock had increased by 92% in 2025.

Analysts Expect SoftBank Group's Q4 Net Profit to Decline

According to CoinDesk, the Swedish central bank says it wants to look at how a new e-krona could stimulate ‘smart payments’ that some say are the future of money.
Though no decision has yet been taken about the design or issuance of an e-krona, in the next phase, “we want to test and explore how such solutions can be used to create new payment services, and why they would be more effective than more traditional technologies,” the central bank said.

Detail

【Sweden wants to test e-krona viability for smart payments】According to CoinDesk, the Swedish central bank says it wants to look at how a new e-krona could stimulate ‘smart payments’ that some say are the future of money.
Though no decision has yet been taken about the design or issuance of an e-krona, in the next phase, “we want to test and explore how such solutions can be used to create new payment services, and why they would be more effective than more traditional technologies,” the central bank said.

Sweden wants to test e-krona viability for smart payments

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

Sweden wants to test e-krona viability for smart payments

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