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On May 13, The Kobeissi Letter reported that crypto funds recorded an inflow of $858 million last week, marking the sixth consecutive week of net inflows, with a total of $4.7 billion injected over the past six weeks. In the last 11 weeks, crypto funds have seen net inflows in 10 of those weeks. Leading the way, Bitcoin funds attracted $706 million last week, bringing the total inflow for the year to $4.9 billion. Ethereum, Solana, and XRP funds saw inflows of $77 million, $48 million, and $40 million, respectively. Meanwhile, the short Bitcoin fund experienced an outflow of $14 million last week, the largest single-week outflow since 2026, indicating a further weakening of bearish sentiment in the market.

[Crypto Funds See Six Consecutive Weeks of Inflows, Short Bitcoin Fund Experiences Largest Weekly Outflow Since 2026]On May 13, The Kobeissi Letter reported that crypto funds recorded an inflow of $858 million last week, marking the sixth consecutive week of net inflows, with a total of $4.7 billion injected over the past six weeks. In the last 11 weeks, crypto funds have seen net inflows in 10 of those weeks. Leading the way, Bitcoin funds attracted $706 million last week, bringing the total inflow for the year to $4.9 billion. Ethereum, Solana, and XRP funds saw inflows of $77 million, $48 million, and $40 million, respectively. Meanwhile, the short Bitcoin fund experienced an outflow of $14 million last week, the largest single-week outflow since 2026, indicating a further weakening of bearish sentiment in the market.

Crypto Funds See Six Consecutive Weeks of Inflows, Short Bitcoin Fund Experiences Largest Weekly Outflow Since 2026

On May 13, the Hyperliquid ETF (THYP) launched by crypto asset management firm 21Shares officially began trading on Tuesday, recording a notable trading volume on its first day. Bloomberg ETF analyst James Seyffart stated that this is the first ETF in its category to start trading, allowing investors to gain exposure to the prices of related tokens without directly holding the crypto assets themselves. Hyperliquid is currently the largest decentralized trading platform for on-chain perpetual contracts. Seyffart mentioned on social media platform X, "THYP achieved a trading volume of $1.8 million on its first day, which is a very solid performance, clearly above the average for typical ETF launches, but not particularly exaggerated." In comparison, the first spot XRP ETF had a trading volume of $58 million on its debut last November, while the Solana ETF launched by Bitwise saw around $57 million on its first day, both exceeding THYP's initial performance.

[21Shares Hyperliquid ETF (THYP) Achieves $1.8 Million in Trading Volume on First Day of Listing]On May 13, the Hyperliquid ETF (THYP) launched by crypto asset management firm 21Shares officially began trading on Tuesday, recording a notable trading volume on its first day. Bloomberg ETF analyst James Seyffart stated that this is the first ETF in its category to start trading, allowing investors to gain exposure to the prices of related tokens without directly holding the crypto assets themselves. Hyperliquid is currently the largest decentralized trading platform for on-chain perpetual contracts. Seyffart mentioned on social media platform X, "THYP achieved a trading volume of $1.8 million on its first day, which is a very solid performance, clearly above the average for typical ETF launches, but not particularly exaggerated." In comparison, the first spot XRP ETF had a trading volume of $58 million on its debut last November, while the Solana ETF launched by Bitwise saw around $57 million on its first day, both exceeding THYP's initial performance.

21Shares Hyperliquid ETF (THYP) Achieves $1.8 Million in Trading Volume on First Day of Listing

The Hong Kong High Court has approved the application from the Department of Justice to issue an injunction against Chen Zhi and 42 other individuals and companies, freezing a total of HKD 89.3 billion in assets, including deposits, properties, and stocks. Among these, Chen Zhi alone has assets exceeding HKD 6.36 billion, which includes HKD 2.2 billion in deposits, a commercial building at 68 Kimberley Road in Tsim Sha Tsui valued at HKD 3 billion, and a villa at Mount Nicholson valued at HKD 1 billion.

[Hong Kong High Court Freezes HKD 8.93 Billion Assets of Prince Group's Chen Zhi and Others]The Hong Kong High Court has approved the application from the Department of Justice to issue an injunction against Chen Zhi and 42 other individuals and companies, freezing a total of HKD 89.3 billion in assets, including deposits, properties, and stocks. Among these, Chen Zhi alone has assets exceeding HKD 6.36 billion, which includes HKD 2.2 billion in deposits, a commercial building at 68 Kimberley Road in Tsim Sha Tsui valued at HKD 3 billion, and a villa at Mount Nicholson valued at HKD 1 billion.

Hong Kong High Court Freezes HKD 8.93 Billion Assets of Prince Group's Chen Zhi and Others

On May 13, the Financial Times reported that Blue Origin, the American commercial space company founded by Jeff Bezos, is considering its first external investment. Introducing external capital could accelerate Blue Origin's operational expansion and technological development by leveraging both internal and external resources, thereby breaking away from a growth model that relies solely on internal funding. More broadly, the rising interest of venture capital in the space industry may intensify competition for talent and contracts within the sector, while also sending positive signals of investor confidence to the supply chain and regulatory framework.

[Blue Origin Considers First External Investment]On May 13, the Financial Times reported that Blue Origin, the American commercial space company founded by Jeff Bezos, is considering its first external investment. Introducing external capital could accelerate Blue Origin's operational expansion and technological development by leveraging both internal and external resources, thereby breaking away from a growth model that relies solely on internal funding. More broadly, the rising interest of venture capital in the space industry may intensify competition for talent and contracts within the sector, while also sending positive signals of investor confidence to the supply chain and regulatory framework.

Blue Origin Considers First External Investment

According to monitoring by Beating, WeChat has officially integrated with Tencent's AI assistant 'Yuanbao' to enable cross-application message processing. Users can now select the chat records they wish to summarize, click 'Forward to Other Applications,' and send them to Yuanbao, allowing the AI to generate content summaries with one click. In addition to the core 'climbing the stairs' feature, this update also includes several practical scenarios based on chat record extraction. For example, forwarding invoices or reimbursement records to Yuanbao will generate a table containing the total amount and purpose; sending lengthy discussions about travel among friends will allow Yuanbao to automatically organize needs and create personalized plans; in private chat scenarios, it can even analyze the conversation dynamics between two people and provide users with response suggestions for chatting with their desired partner. This design effectively addresses a frequent pain point in WeChat chats, providing a very natural and direct entry point for Tencent's standalone AI application 'Yuanbao.' Currently, users need to upgrade both the WeChat and Yuanbao apps to the latest versions to experience this feature.

[WeChat Chat Records Now Support One-Click Forwarding to Yuanbao for Summaries]According to monitoring by Beating, WeChat has officially integrated with Tencent's AI assistant 'Yuanbao' to enable cross-application message processing. Users can now select the chat records they wish to summarize, click 'Forward to Other Applications,' and send them to Yuanbao, allowing the AI to generate content summaries with one click. In addition to the core 'climbing the stairs' feature, this update also includes several practical scenarios based on chat record extraction. For example, forwarding invoices or reimbursement records to Yuanbao will generate a table containing the total amount and purpose; sending lengthy discussions about travel among friends will allow Yuanbao to automatically organize needs and create personalized plans; in private chat scenarios, it can even analyze the conversation dynamics between two people and provide users with response suggestions for chatting with their desired partner. This design effectively addresses a frequent pain point in WeChat chats, providing a very natural and direct entry point for Tencent's standalone AI application 'Yuanbao.' Currently, users need to upgrade both the WeChat and Yuanbao apps to the latest versions to experience this feature.

WeChat Chat Records Now Support One-Click Forwarding to Yuanbao for Summaries

On May 13, during the Create2026 Baidu AI Developer Conference, Shen Dou, Executive Vice President of Baidu Group and President of Baidu Intelligent Cloud Business Group, disclosed that the Kunlun Chip P800 has completed large-scale verification, delivering multiple ten-thousand-card clusters from 2025 to the present. Additionally, on the fully domestically produced Kunlun Chip clusters, the training for the important version of Wenxin 5.1 has been successfully completed, achieving an effective training rate of 97%. The linear scalability of the ten-thousand-card scale cluster exceeds 85%, meeting the requirements for computational accuracy, operator stability, framework compatibility, and long-term operation for cutting-edge large model training. Furthermore, the Kunlun-based Tianchi 256-card super node was activated last month and is set to officially launch in June.

[Baidu Intelligent Cloud: Kunlun Chip Completes Training for Wenxin 5.1, Tianchi 256-Card Super Node to Launch in June]On May 13, during the Create2026 Baidu AI Developer Conference, Shen Dou, Executive Vice President of Baidu Group and President of Baidu Intelligent Cloud Business Group, disclosed that the Kunlun Chip P800 has completed large-scale verification, delivering multiple ten-thousand-card clusters from 2025 to the present. Additionally, on the fully domestically produced Kunlun Chip clusters, the training for the important version of Wenxin 5.1 has been successfully completed, achieving an effective training rate of 97%. The linear scalability of the ten-thousand-card scale cluster exceeds 85%, meeting the requirements for computational accuracy, operator stability, framework compatibility, and long-term operation for cutting-edge large model training. Furthermore, the Kunlun-based Tianchi 256-card super node was activated last month and is set to officially launch in June.

Baidu Intelligent Cloud: Kunlun Chip Completes Training for Wenxin 5.1, Tianchi 256-Card Super Node to Launch in June

According to monitoring by Beating, Elon Musk posted on the X platform today, once again bringing up his commitment to an open-source recommendation algorithm. He stated that to convince the public that the platform is not manipulating content behind the scenes, "everything that influences what people see must be open-sourced." However, community notes ruthlessly exposed the current state of this commitment: while X had promised to update the open-source "X algorithm" every four weeks, there have been no updates since its initial release. Even more embarrassingly, the notes cited discussions on Hacker News pointing out that the currently released open-source repository is missing key files, making it impossible for external parties to run the code independently.

[Musk Reiterates Open Source Algorithm Commitment, X Community Notes Publicly Undermine It: No Updates Since Initial Release]According to monitoring by Beating, Elon Musk posted on the X platform today, once again bringing up his commitment to an open-source recommendation algorithm. He stated that to convince the public that the platform is not manipulating content behind the scenes, "everything that influences what people see must be open-sourced." However, community notes ruthlessly exposed the current state of this commitment: while X had promised to update the open-source "X algorithm" every four weeks, there have been no updates since its initial release. Even more embarrassingly, the notes cited discussions on Hacker News pointing out that the currently released open-source repository is missing key files, making it impossible for external parties to run the code independently.

Musk Reiterates Open Source Algorithm Commitment, X Community Notes Publicly Undermine It: No Updates Since Initial Release

On May 13, according to monitoring by Onchain Lens, Alameda Research withdrew 162.64 BTC, 274.29 ETH, 315,299 MASK, and 6.877 million USDT from KuCoin in the past two hours, with a total value exceeding $20 million. Among these, BTC is valued at approximately $13.21 million, ETH at about $630,000, and MASK at around $168,000.

[Alameda Research Withdraws Over $20 Million in Assets from KuCoin in Two Hours]On May 13, according to monitoring by Onchain Lens, Alameda Research withdrew 162.64 BTC, 274.29 ETH, 315,299 MASK, and 6.877 million USDT from KuCoin in the past two hours, with a total value exceeding $20 million. Among these, BTC is valued at approximately $13.21 million, ETH at about $630,000, and MASK at around $168,000.

Alameda Research Withdraws Over $20 Million in Assets from KuCoin in Two Hours

On May 13, the KOSPI index increased by 2%, currently standing at 7799.63 points, after previously dropping by more than 3%. (Dongxin News Agency)

[KOSPI Index Rises by 2%]On May 13, the KOSPI index increased by 2%, currently standing at 7799.63 points, after previously dropping by more than 3%. (Dongxin News Agency)

KOSPI Index Rises by 2%

On May 12, the U.S. Congress and multiple state attorney general offices are investigating Sam Altman's personal investments, focusing on potential conflicts of interest and possible 'self-dealing' during his management of OpenAI. James Comer, chairman of the House Oversight Committee, has sent a letter to Altman requesting disclosure of any potential conflicts of interest, specifically mentioning Altman's advocacy for OpenAI to invest in his heavily invested company, Helion Energy. It is reported that Altman's personal investment in Helion amounts to at least $375 million, while OpenAI had considered investing approximately $500 million in the company, raising internal concerns about potential conflicts of interest. Additionally, attorneys general from several states, including Florida, Montana, and Nebraska, have also written to the U.S. SEC, requesting a review of Sam Altman's investment structure, citing 'serious conflicts of interest and risks of self-dealing.' (Forbes)

[OpenAI CEO Sam Altman's Personal Investments Under Investigation]On May 12, the U.S. Congress and multiple state attorney general offices are investigating Sam Altman's personal investments, focusing on potential conflicts of interest and possible 'self-dealing' during his management of OpenAI. James Comer, chairman of the House Oversight Committee, has sent a letter to Altman requesting disclosure of any potential conflicts of interest, specifically mentioning Altman's advocacy for OpenAI to invest in his heavily invested company, Helion Energy. It is reported that Altman's personal investment in Helion amounts to at least $375 million, while OpenAI had considered investing approximately $500 million in the company, raising internal concerns about potential conflicts of interest. Additionally, attorneys general from several states, including Florida, Montana, and Nebraska, have also written to the U.S. SEC, requesting a review of Sam Altman's investment structure, citing 'serious conflicts of interest and risks of self-dealing.' (Forbes)

OpenAI CEO Sam Altman's Personal Investments Under Investigation

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OpenAI CEO Sam Altman's Personal Investments Under Investigation

Disclaimer：Il contenuto di cui sopra non rappresenta le posizioni di HTX.，HTX non fornisce alcuna raccomandazione di trading.。

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