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On May 14, OpenAI announced that it is taking measures to protect the relevant certification process, ensuring that all macOS applications certified through this process are legitimate official OpenAI applications. Currently, there is no evidence that the company's production systems or intellectual property have been compromised, nor is there any indication that the company's software has been tampered with. We are updating security certificates, and all macOS users are required to update their OpenAI applications to the latest version.

[OpenAI: Taking Measures to Protect Certification Process for macOS Apps]On May 14, OpenAI announced that it is taking measures to protect the relevant certification process, ensuring that all macOS applications certified through this process are legitimate official OpenAI applications. Currently, there is no evidence that the company's production systems or intellectual property have been compromised, nor is there any indication that the company's software has been tampered with. We are updating security certificates, and all macOS users are required to update their OpenAI applications to the latest version.

OpenAI: Taking Measures to Protect Certification Process for macOS Apps

On May 14, a member of the Bank of Japan's (BOJ) Policy Board, Ueda Kazuo, called for an early increase in interest rates if there are no signs indicating that the economy is in distress. He pointed out that inflation risks are becoming more persistent due to the impact of the conflict in Iran. "If statistical data does not show clear signs of economic downturn, I believe it is advisable to raise interest rates as soon as possible," Ueda said. He noted that while the rise in fuel prices caused by the Middle East conflict may be temporary, there is a risk that it could accelerate Japan's already rising logistics costs. "People are concerned that these factors may not be temporary shocks, but rather represent a more persistent trend, posing a risk of driving up prices," Ueda added.

[BOJ Committee Member Urges Early Rate Hike if No Economic Signs of Distress]On May 14, a member of the Bank of Japan's (BOJ) Policy Board, Ueda Kazuo, called for an early increase in interest rates if there are no signs indicating that the economy is in distress. He pointed out that inflation risks are becoming more persistent due to the impact of the conflict in Iran. "If statistical data does not show clear signs of economic downturn, I believe it is advisable to raise interest rates as soon as possible," Ueda said. He noted that while the rise in fuel prices caused by the Middle East conflict may be temporary, there is a risk that it could accelerate Japan's already rising logistics costs. "People are concerned that these factors may not be temporary shocks, but rather represent a more persistent trend, posing a risk of driving up prices," Ueda added.

BOJ Committee Member Urges Early Rate Hike if No Economic Signs of Distress

On May 14, Trump Mobile, the phone company launched by the Trump Organization, announced that its T1 phone will begin shipping next week. The shipping date for the T1 phone has been postponed multiple times, and customer support is quite limited. Since its launch, the TRUMP token has seen a cumulative decline of nearly 90%. Trump Mobile is a mobile virtual network operator that does not have the capability to design and manufacture phones independently; instead, it collaborates with external companies to select a model and repackage it as a Trump-themed product. This model is not uncommon—Solana previously rebranded the Osom OV-1 when it launched its first Saga phone. Last month, The Verge obtained a T1 phone and noted that its appearance is highly similar to the HTC U24, which is set to be released in 2024. Neither HTC nor Trump Mobile provided a direct response to The Verge regarding the actual manufacturer of the T1. Trump Mobile has previously confirmed that the phone is assembled in the United States, but the components are sourced from overseas.

[Trump-Branded Phone to Start Shipping Next Week]On May 14, Trump Mobile, the phone company launched by the Trump Organization, announced that its T1 phone will begin shipping next week. The shipping date for the T1 phone has been postponed multiple times, and customer support is quite limited. Since its launch, the TRUMP token has seen a cumulative decline of nearly 90%. Trump Mobile is a mobile virtual network operator that does not have the capability to design and manufacture phones independently; instead, it collaborates with external companies to select a model and repackage it as a Trump-themed product. This model is not uncommon—Solana previously rebranded the Osom OV-1 when it launched its first Saga phone. Last month, The Verge obtained a T1 phone and noted that its appearance is highly similar to the HTC U24, which is set to be released in 2024. Neither HTC nor Trump Mobile provided a direct response to The Verge regarding the actual manufacturer of the T1. Trump Mobile has previously confirmed that the phone is assembled in the United States, but the components are sourced from overseas.

Trump-Branded Phone to Start Shipping Next Week

On May 14, according to The Paper, during a conference call discussing AI-related expenditures, Tencent executives stated that they are seeing an increase in demand for AI-related services from both internal products and external model users. "We previously guided that capital expenditures this year would increase compared to last year, and we are now more confident in this guidance. We expect significant increases in capital expenditures, with more domestic AI chips being supplied month by month in the second half of this year." Regarding the returns on AI products, Tencent President Liu Chiping mentioned that model training is essentially an investment in the future and may not yield immediate returns. However, over time, capabilities will accumulate and help unlock various business opportunities. On the performance of C-end services, Liu believes that in Western markets, the penetration rate of paid services is very high, and consumption levels are elevated. Subscription prices in Western markets are several times higher than those for equivalent services in China, whether for music or video services. The paid penetration rate in China is roughly in the single digits. When applying this to the Chinese market, based on a subscription model, the scale is not as large. When a service must be supported through payment, it is unlikely to be a winner-takes-all business; there will be multiple participants in the market, each holding a certain market share and subscription volume. Additionally, regarding e-commerce or advertising as monetization methods, "we have considered this, but it is still in the early stages. Even in the U.S. market, where eCPM is much higher, leading players have yet to launch very mature advertising models." (Dongxin News Agency)

[Tencent Executive Elaborates on AI Strategy: More Domestic Chips Supply in H2, C-end Monetization Still in Early Stage]On May 14, according to The Paper, during a conference call discussing AI-related expenditures, Tencent executives stated that they are seeing an increase in demand for AI-related services from both internal products and external model users. "We previously guided that capital expenditures this year would increase compared to last year, and we are now more confident in this guidance. We expect significant increases in capital expenditures, with more domestic AI chips being supplied month by month in the second half of this year." Regarding the returns on AI products, Tencent President Liu Chiping mentioned that model training is essentially an investment in the future and may not yield immediate returns. However, over time, capabilities will accumulate and help unlock various business opportunities. On the performance of C-end services, Liu believes that in Western markets, the penetration rate of paid services is very high, and consumption levels are elevated. Subscription prices in Western markets are several times higher than those for equivalent services in China, whether for music or video services. The paid penetration rate in China is roughly in the single digits. When applying this to the Chinese market, based on a subscription model, the scale is not as large. When a service must be supported through payment, it is unlikely to be a winner-takes-all business; there will be multiple participants in the market, each holding a certain market share and subscription volume. Additionally, regarding e-commerce or advertising as monetization methods, "we have considered this, but it is still in the early stages. Even in the U.S. market, where eCPM is much higher, leading players have yet to launch very mature advertising models." (Dongxin News Agency)

Tencent Executive Elaborates on AI Strategy: More Domestic Chips Supply in H2, C-end Monetization Still in Early Stage

According to monitoring by Beating, Doubao, the AI assistant under ByteDance, may soon add offline payment capabilities to its 'Scan' feature. Internal testing screenshots show that a 'Pay Order' entry has appeared at the bottom of Doubao's scan interface.

[Doubao 'Scan' Feature May Integrate Payment Functionality, AI Explores Offline Transaction Entry]According to monitoring by Beating, Doubao, the AI assistant under ByteDance, may soon add offline payment capabilities to its 'Scan' feature. Internal testing screenshots show that a 'Pay Order' entry has appeared at the bottom of Doubao's scan interface.

Doubao 'Scan' Feature May Integrate Payment Functionality, AI Explores Offline Transaction Entry

On May 14, according to monitoring by Farside Investors, Bitcoin ETFs experienced a net outflow of $630.4 million yesterday. Among them, IBIT had a net outflow of $284.7 million, ARKB saw a net outflow of $177.1 million, and FBTC recorded a net outflow of $133.2 million. Ethereum ETFs faced a net outflow of $36.3 million, with ETHA experiencing a net outflow of $21.1 million and FETH a net outflow of $14 million.

[Bitcoin ETF Sees $630.4 Million Net Outflow, Ethereum ETF $36.3 Million]On May 14, according to monitoring by Farside Investors, Bitcoin ETFs experienced a net outflow of $630.4 million yesterday. Among them, IBIT had a net outflow of $284.7 million, ARKB saw a net outflow of $177.1 million, and FBTC recorded a net outflow of $133.2 million. Ethereum ETFs faced a net outflow of $36.3 million, with ETHA experiencing a net outflow of $21.1 million and FETH a net outflow of $14 million.

Bitcoin ETF Sees $630.4 Million Net Outflow, Ethereum ETF $36.3 Million

On May 14, the Financial Times reported that the Bank of England is preparing to relax its previously proposed restrictions on stablecoins, following ongoing pressure from the digital asset industry. Senior officials at the Bank of England have indicated that the initial proposals may have been 'too conservative.' Sarah Breeden, the Bank's Deputy Governor for Financial Stability, stated that as stablecoins gradually enter the market, the Bank is 'seriously exploring whether there are alternative ways to manage the important risks we perceive.' There are divisions within the regulatory bodies regarding the stablecoin industry, which serves as a crucial infrastructure for cryptocurrency trading. Some regulators are concerned that stablecoins could threaten global financial stability, while others believe that they represent a promising innovation that can make payments cheaper and more efficient.

[Bank of England May Ease Stablecoin Regulations]On May 14, the Financial Times reported that the Bank of England is preparing to relax its previously proposed restrictions on stablecoins, following ongoing pressure from the digital asset industry. Senior officials at the Bank of England have indicated that the initial proposals may have been 'too conservative.' Sarah Breeden, the Bank's Deputy Governor for Financial Stability, stated that as stablecoins gradually enter the market, the Bank is 'seriously exploring whether there are alternative ways to manage the important risks we perceive.' There are divisions within the regulatory bodies regarding the stablecoin industry, which serves as a crucial infrastructure for cryptocurrency trading. Some regulators are concerned that stablecoins could threaten global financial stability, while others believe that they represent a promising innovation that can make payments cheaper and more efficient.

Bank of England May Ease Stablecoin Regulations

On May 14, according to HyperInsight monitoring, as the cryptocurrency market declines, 'Machi Brother' Huang Licheng has incurred losses exceeding $2.32 million in the past week, with long positions decreasing to $23.27 million, putting ETH long positions at risk of liquidation. Currently, he holds: $19.07 million in ETH long positions, with an opening price of $2,325.24 and an estimated liquidation price of $2,217.86; and $4.20 million in BTC long positions, with an opening price of $80,327.3 and an estimated liquidation price of $74,471.1.

[Machi Faces Liquidation Risk Again as Long Positions Drop to $23.27 Million]On May 14, according to HyperInsight monitoring, as the cryptocurrency market declines, 'Machi Brother' Huang Licheng has incurred losses exceeding $2.32 million in the past week, with long positions decreasing to $23.27 million, putting ETH long positions at risk of liquidation. Currently, he holds: $19.07 million in ETH long positions, with an opening price of $2,325.24 and an estimated liquidation price of $2,217.86; and $4.20 million in BTC long positions, with an opening price of $80,327.3 and an estimated liquidation price of $74,471.1.

Machi Faces Liquidation Risk Again as Long Positions Drop to $23.27 Million

7:00-12:00 Keywords: Aave, Metaplanet, DeFi Development, Cerebras Systems 
1. Aave: Cross-chain between the rsETH mainnet and L2 has reopened; 
2. Metaplanet has postponed its preferred stock listing plan due to structural issues in the Japanese market; 
3. The U.S. government seeks to confiscate $1.07 million in assets before sentencing of former Celsius executives; 
4. Aave proposes to integrate the Babylon protocol in version V4, launching a native BTC lending module; 
5. Solana Treasury's DeFi Development report states that the value of each SOL share has increased by 108% year-on-year; 
6. Bipartisan negotiations on the Clarity Act failed to reach an agreement overnight, with Democrats divided over ethical and BRCA provisions; 
7. AI chip manufacturer Cerebras Systems has raised $5.55 billion in its IPO, making it the largest fundraising of the year to date.

[Key Updates for May 14 Afternoon]7:00-12:00 Keywords: Aave, Metaplanet, DeFi Development, Cerebras Systems 
1. Aave: Cross-chain between the rsETH mainnet and L2 has reopened; 
2. Metaplanet has postponed its preferred stock listing plan due to structural issues in the Japanese market; 
3. The U.S. government seeks to confiscate $1.07 million in assets before sentencing of former Celsius executives; 
4. Aave proposes to integrate the Babylon protocol in version V4, launching a native BTC lending module; 
5. Solana Treasury's DeFi Development report states that the value of each SOL share has increased by 108% year-on-year; 
6. Bipartisan negotiations on the Clarity Act failed to reach an agreement overnight, with Democrats divided over ethical and BRCA provisions; 
7. AI chip manufacturer Cerebras Systems has raised $5.55 billion in its IPO, making it the largest fundraising of the year to date.

Key Updates for May 14 Afternoon

According to U.today, Ethereum's mining power has faced another surge and reached a new all-time high as the cryptocurrency market in general faces another wave of selling pressure caused by increased risk-off tendencies on global financial markets. The continuous increase in the mean hashrate of Ethereum was observed since the summer of 2021 when the Chinese government decided to initiate the crackdown on the mining industry, which caused a rapid drop in mining power on all cryptocurrencies functioning on the PoW protocol.

Detail

【Ethereum's hashrate reaches new all-time high】According to U.today, Ethereum's mining power has faced another surge and reached a new all-time high as the cryptocurrency market in general faces another wave of selling pressure caused by increased risk-off tendencies on global financial markets. The continuous increase in the mean hashrate of Ethereum was observed since the summer of 2021 when the Chinese government decided to initiate the crackdown on the mining industry, which caused a rapid drop in mining power on all cryptocurrencies functioning on the PoW protocol.

Ethereum's hashrate reaches new all-time high

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Article

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

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

Ethereum's hashrate reaches new all-time high

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

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