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On May 12, the U.S. Department of Justice reached a $30 million settlement agreement with PayPal (PYPL.O).

[U.S. Department of Justice Reaches $30 Million Settlement with PayPal]On May 12, the U.S. Department of Justice reached a $30 million settlement agreement with PayPal (PYPL.O).

U.S. Department of Justice Reaches $30 Million Settlement with PayPal

Market news: AI startup Wispr is in funding negotiations with a valuation of $2 billion.

[AI Voice Recognition Startup WISPR in Talks for $2 Billion Funding]Market news: AI startup Wispr is in funding negotiations with a valuation of $2 billion.

AI Voice Recognition Startup WISPR in Talks for $2 Billion Funding

On May 12, TON Strategy Company (Nasdaq: TONX) released its financial report for the first quarter of 2026. The company currently holds approximately 221.9 million Toncoin, which accounts for about 4.29% of the total TON supply according to Tonstat data, with around 221.2 million of those coins staked. The company stated that its staking infrastructure currently represents about 26.18% of the total staking size across the TON network. As of March 31, 2026, the fair value of the company's TON holdings was approximately $272 million. The financial report indicated that the company earned about 2.2 million TON through staking in Q1, generating approximately $3 million in staking revenue; total revenue was $5.3 million, with a gross profit of about $4 million. However, due to the volatility in TON's price, the company recorded an unrealized loss of approximately $87.9 million in cryptocurrency assets for the quarter, resulting in a pre-tax net loss of $91 million. By the end of Q1, the company held around $35 million in cash and restricted cash, with no debt on its balance sheet. TON Strategy also noted that after a significant performance upgrade to the TON network in April 2026, the network's staking yield increased from 0.34% in March to 1.39% in April, which annualizes to approximately 16.7%. Additionally, the company stated that as Telegram continues to promote the development of the TON ecosystem and the overall market strengthens, the fair value of its 221.9 million TON holdings has risen to approximately $433.3 million as of May 6, 2026. New CEO Kevin Wilson stated that the company's goal is to become 'the core platform providing transparent TON exposure for institutional investors in the U.S. listed market' and emphasized the long-term potential of TON in scenarios involving Telegram, payments, development tools, and AI agents.

[TON Strategy Reports Q1 Financials: Pre-Tax Net Loss of $91 Million, Holds Over 221 Million TON]On May 12, TON Strategy Company (Nasdaq: TONX) released its financial report for the first quarter of 2026. The company currently holds approximately 221.9 million Toncoin, which accounts for about 4.29% of the total TON supply according to Tonstat data, with around 221.2 million of those coins staked. The company stated that its staking infrastructure currently represents about 26.18% of the total staking size across the TON network. As of March 31, 2026, the fair value of the company's TON holdings was approximately $272 million. The financial report indicated that the company earned about 2.2 million TON through staking in Q1, generating approximately $3 million in staking revenue; total revenue was $5.3 million, with a gross profit of about $4 million. However, due to the volatility in TON's price, the company recorded an unrealized loss of approximately $87.9 million in cryptocurrency assets for the quarter, resulting in a pre-tax net loss of $91 million. By the end of Q1, the company held around $35 million in cash and restricted cash, with no debt on its balance sheet. TON Strategy also noted that after a significant performance upgrade to the TON network in April 2026, the network's staking yield increased from 0.34% in March to 1.39% in April, which annualizes to approximately 16.7%. Additionally, the company stated that as Telegram continues to promote the development of the TON ecosystem and the overall market strengthens, the fair value of its 221.9 million TON holdings has risen to approximately $433.3 million as of May 6, 2026. New CEO Kevin Wilson stated that the company's goal is to become 'the core platform providing transparent TON exposure for institutional investors in the U.S. listed market' and emphasized the long-term potential of TON in scenarios involving Telegram, payments, development tools, and AI agents.

TON Strategy Reports Q1 Financials: Pre-Tax Net Loss of $91 Million, Holds Over 221 Million TON

PLANCK fluctuated by 63.31% within 24 hours, current price $0.000379

【PLANCK's 24-hour volatility exceeds 50%!】PLANCK fluctuated by 63.31% within 24 hours, current price $0.000379

PLANCK's 24-hour volatility exceeds 50%!

On May 12, the U.S. stock market continued its downward trend, with the Nasdaq falling over 1%, the S&P 500 index dropping 0.65%, and the Dow Jones decreasing by 0.55%.

[Nasdaq Falls Over 1%, S&P 500 Index Drops 0.65%]On May 12, the U.S. stock market continued its downward trend, with the Nasdaq falling over 1%, the S&P 500 index dropping 0.65%, and the Dow Jones decreasing by 0.55%.

Nasdaq Falls Over 1%, S&P 500 Index Drops 0.65%

On May 12, data showed that five spot XRP ETFs listed in the U.S. recorded a total net inflow of $25.8 million on Monday, marking the largest single-day capital inflow since January 5, 2026, with a cumulative net inflow now reaching $1.35 billion. Among these, Franklin Templeton's XRPZ saw an inflow of $13.6 million, Bitwise XRP ETF had an inflow of $7.6 million, and Grayscale GXRP attracted $4.6 million. Reports indicate that this round of capital inflow is related to several recent developments by Ripple. Ripple recently announced the completion of a $200 million debt financing to expand its institutional brokerage platform, Ripple Prime. Additionally, last week, Ripple collaborated with JPMorgan Chase, Mastercard, and Ondo Finance to complete a tokenization settlement test of U.S. Treasury bonds on the XRP Ledger, with the redemption process taking less than five seconds. Meanwhile, Ripple also unveiled a 'four-phase roadmap' aiming to achieve a 'quantum-resistant' upgrade for the XRP Ledger by 2028, which includes an emergency mechanism for fund recovery through zero-knowledge proofs in extreme scenarios. Market analysts believe that as the application of XRP increases in cross-border payments, institutional settlements, and tokenized assets, the demand for its ETFs is gradually shifting from mere speculation to an infrastructure narrative. Despite the continuous inflow of ETF funds, the price of XRP has still fallen approximately 39% over the past six months, currently priced at about $1.47, significantly down from its historical high of around $3.65 in July 2025.

[U.S. Spot XRP ETFs See $25.8 Million Net Inflow in One Day, Highest Since January]On May 12, data showed that five spot XRP ETFs listed in the U.S. recorded a total net inflow of $25.8 million on Monday, marking the largest single-day capital inflow since January 5, 2026, with a cumulative net inflow now reaching $1.35 billion. Among these, Franklin Templeton's XRPZ saw an inflow of $13.6 million, Bitwise XRP ETF had an inflow of $7.6 million, and Grayscale GXRP attracted $4.6 million. Reports indicate that this round of capital inflow is related to several recent developments by Ripple. Ripple recently announced the completion of a $200 million debt financing to expand its institutional brokerage platform, Ripple Prime. Additionally, last week, Ripple collaborated with JPMorgan Chase, Mastercard, and Ondo Finance to complete a tokenization settlement test of U.S. Treasury bonds on the XRP Ledger, with the redemption process taking less than five seconds. Meanwhile, Ripple also unveiled a 'four-phase roadmap' aiming to achieve a 'quantum-resistant' upgrade for the XRP Ledger by 2028, which includes an emergency mechanism for fund recovery through zero-knowledge proofs in extreme scenarios. Market analysts believe that as the application of XRP increases in cross-border payments, institutional settlements, and tokenized assets, the demand for its ETFs is gradually shifting from mere speculation to an infrastructure narrative. Despite the continuous inflow of ETF funds, the price of XRP has still fallen approximately 39% over the past six months, currently priced at about $1.47, significantly down from its historical high of around $3.65 in July 2025.

U.S. Spot XRP ETFs See $25.8 Million Net Inflow in One Day, Highest Since January

On May 12, Sam Altman is expected to testify at the federal court in Oakland, California, on Tuesday local time, regarding the lawsuit filed by Elon Musk against OpenAI. According to lawyers during Monday's hearing, Altman will take the stand after OpenAI Board Chair Bret Taylor completes his testimony. Musk filed the lawsuit in 2024 against OpenAI, Altman, and President Greg Brockman, accusing the company of violating its original commitments to be 'non-profit' and 'mission-driven,' and claiming that approximately $38 million he previously donated to OpenAI was used for unauthorized commercial purposes. Taylor emphasized the functions of the OpenAI board and the governance structure following the company's reorganization during Monday's hearing. He stated that during Altman's brief removal as CEO in 2023, the company faced a situation that could have led to its 'potential collapse.' Taylor also noted that after OpenAI's capital restructuring last year, the company's structure has become clearer, but the non-profit entity still retains control. Additionally, some investors, including SoftBank and Thrive Capital, had tied investment conditions to adjustments in the company's structure. On the other hand, Satya Nadella also testified on Monday. Nadella stated that Musk had never raised concerns with him regarding Microsoft's investment in OpenAI violating any special agreements, and expressed pride in Microsoft's decision to invest in OpenAI 'when no one was willing to bet.' Nadella also commented on the board turmoil at OpenAI in 2023, saying, 'In my view, it was like amateur hour.'

[Latest Developments in OpenAI vs. Musk Lawsuit: Sam Altman to Testify Today]On May 12, Sam Altman is expected to testify at the federal court in Oakland, California, on Tuesday local time, regarding the lawsuit filed by Elon Musk against OpenAI. According to lawyers during Monday's hearing, Altman will take the stand after OpenAI Board Chair Bret Taylor completes his testimony. Musk filed the lawsuit in 2024 against OpenAI, Altman, and President Greg Brockman, accusing the company of violating its original commitments to be 'non-profit' and 'mission-driven,' and claiming that approximately $38 million he previously donated to OpenAI was used for unauthorized commercial purposes. Taylor emphasized the functions of the OpenAI board and the governance structure following the company's reorganization during Monday's hearing. He stated that during Altman's brief removal as CEO in 2023, the company faced a situation that could have led to its 'potential collapse.' Taylor also noted that after OpenAI's capital restructuring last year, the company's structure has become clearer, but the non-profit entity still retains control. Additionally, some investors, including SoftBank and Thrive Capital, had tied investment conditions to adjustments in the company's structure. On the other hand, Satya Nadella also testified on Monday. Nadella stated that Musk had never raised concerns with him regarding Microsoft's investment in OpenAI violating any special agreements, and expressed pride in Microsoft's decision to invest in OpenAI 'when no one was willing to bet.' Nadella also commented on the board turmoil at OpenAI in 2023, saying, 'In my view, it was like amateur hour.'

Latest Developments in OpenAI vs. Musk Lawsuit: Sam Altman to Testify Today

On May 12, international oil prices continued to rise on Tuesday as hopes for a ceasefire agreement in Iran weakened, while reports emerged that U.S. President Trump is considering resuming military action. As of 10:10 AM Eastern Time on Tuesday, Brent crude prices increased by over 3.5%, reaching $107.89 per barrel; WTI crude rose by 3.62%, surpassing the $100 per barrel mark again. Reports indicate that Trump discussed follow-up plans regarding the situation in Iran with his national security team on Monday. Although the White House still hopes to reach an agreement to end the conflict, significant core differences between the U.S. and Iran remain. Axios cited U.S. officials stating that Trump is considering further pressuring Iran by resuming military actions to advance negotiations. One official mentioned that Trump may 'increase pressure further.' Trump had previously stated that U.S.-Iran negotiations are currently 'on life support' and criticized Iran's response to the U.S. proposal as 'extremely weak.' Additionally, the U.S. government is also considering resuming the 'Project Freedom' operation, a military escort plan to ensure the safe passage of international vessels amid Iran's blockade of the Strait of Hormuz. This operation had been suspended the previous week.

[Iran Negotiation Stalemate Continues, International Oil Prices Surge, WTI Reaches $100 Again]On May 12, international oil prices continued to rise on Tuesday as hopes for a ceasefire agreement in Iran weakened, while reports emerged that U.S. President Trump is considering resuming military action. As of 10:10 AM Eastern Time on Tuesday, Brent crude prices increased by over 3.5%, reaching $107.89 per barrel; WTI crude rose by 3.62%, surpassing the $100 per barrel mark again. Reports indicate that Trump discussed follow-up plans regarding the situation in Iran with his national security team on Monday. Although the White House still hopes to reach an agreement to end the conflict, significant core differences between the U.S. and Iran remain. Axios cited U.S. officials stating that Trump is considering further pressuring Iran by resuming military actions to advance negotiations. One official mentioned that Trump may 'increase pressure further.' Trump had previously stated that U.S.-Iran negotiations are currently 'on life support' and criticized Iran's response to the U.S. proposal as 'extremely weak.' Additionally, the U.S. government is also considering resuming the 'Project Freedom' operation, a military escort plan to ensure the safe passage of international vessels amid Iran's blockade of the Strait of Hormuz. This operation had been suspended the previous week.

Iran Negotiation Stalemate Continues, International Oil Prices Surge, WTI Reaches $100 Again

On May 12, Matt Mena from 21shares stated that despite the CPI report being hotter than expected, Bitcoin remains strong above the $80,000 mark, indicating that there is further upside potential for its price. "Bitcoin did not decline due to this data, which arguably says more than the data itself — the market was prepared for the overheating data, absorbed it, and still maintained above the $80,000 support level," Mena said. "As these macro headwinds are cleared, we may eventually see Bitcoin retest the $82,000 resistance level and push towards $85,000." Mena added that the Senate vote on the CLARITY Act could also serve as a catalyst for an impending price surge, potentially reaching as high as $90,000. Bitcoin fell 1.4% to $80,682.

[Report: Bitcoin Has Further Upside Potential]On May 12, Matt Mena from 21shares stated that despite the CPI report being hotter than expected, Bitcoin remains strong above the $80,000 mark, indicating that there is further upside potential for its price. "Bitcoin did not decline due to this data, which arguably says more than the data itself — the market was prepared for the overheating data, absorbed it, and still maintained above the $80,000 support level," Mena said. "As these macro headwinds are cleared, we may eventually see Bitcoin retest the $82,000 resistance level and push towards $85,000." Mena added that the Senate vote on the CLARITY Act could also serve as a catalyst for an impending price surge, potentially reaching as high as $90,000. Bitcoin fell 1.4% to $80,682.

Report: Bitcoin Has Further Upside Potential

According to TradingBTC, King River Capital raises $50 million for its new Web3 crypto fund, aims to invest in Web3-related tokens, crypto infrastructure technologies, NFTs and related tools, DeFi (decentralised finance) protocols, metaverse and gaming businesses. The firm has already invested in Immutable and Discord.

Detail

【Sydney VC King River Capital banks $50m for new Web3 crypto fund】According to TradingBTC, King River Capital raises $50 million for its new Web3 crypto fund, aims to invest in Web3-related tokens, crypto infrastructure technologies, NFTs and related tools, DeFi (decentralised finance) protocols, metaverse and gaming businesses. The firm has already invested in Immutable and Discord.

Sydney VC King River Capital banks $50m for new Web3 crypto fund

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Article

ACA fluctuated over 50% in 24 hours!

Sydney VC King River Capital banks $50m for new Web3 crypto fund

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

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