Compiled by: ChainCatcher
Key News:
- Three Major DeFi Attacks in Five Days, Total Crypto Hacks in May Reach 14
- Elon Musk's xAI Launches Skills
- Analog Devices to Acquire AI Chip Company Empower Semiconductor for $1.5 Billion
- Duan Yongping Takes First Position in Circle in Q1 2026, Holding Value $19.08 Million
- Polymarket Partners with Nasdaq to Launch Prediction Market for Private Companies
- Canaan Releases Q1 2026 Financials: Total Revenue $62.7 Million, Cryptocurrency Holdings Hit New High
- Ethereum Foundation Hit by Another Wave of Departures, Core Members Carl Beek and Julian Ma Announce Exit
What Major Events Happened in the Past 24 Hours?
OpenAI Co-founder Andrej Karpathy Joins Anthropic
ChainCatcher news: OpenAI co-founder and former Tesla AI director Andrej Karpathy officially announced joining Anthropic, stating: "I believe the next few years will be a particularly critical period for frontier development of large language models (LLMs). I am very excited to join the team here and get back to R&D work. I remain passionate about education and plan to continue advancing related work at an appropriate time in the future."
Polymarket Partners with Nasdaq to Launch Prediction Market for Private Companies
Canaan Releases Q1 2026 Financials: Total Revenue $62.7 Million, Cryptocurrency Holdings Hit New High
ChainCatcher news, Canaan Inc. announced its first quarter 2026 financial results. The report shows total revenue of $62.7 million, in line with prior guidance; net loss of $88.7 million. As of March 31, 2026, the company's cryptocurrency holdings reached 1,807.60 Bitcoin and 3,951.53 Ethereum, hitting a new all-time high.
In terms of operations, the total installed hash rate capacity of the company's ten joint mining projects reached approximately 11 EH/s, up 10.7% quarter-over-quarter; 257 Bitcoin were produced in Q1. Strategically, the company acquired a 49% stake in the ABC project in West Texas from Cipher Mining, with project-level operating hash rate reaching approximately 4.4 EH/s; meanwhile, a "hash rate to heat" project was deployed in Northern Europe, with a planned total capacity of approximately 8 megawatts.
Canaan expects total revenue for the second quarter of 2026 to be in the range of $35 million to $45 million.
VanEck: Digital Credit Market Could Reach $2.5 Trillion in the Next Decade, BTC Could Hit $1 Million
Duan Yongping Takes First Position in Circle in Q1 2026, Holding Value $19.08 Million
ChainCatcher news: The SEC 13F filing for the first quarter of 2026 submitted by H&H International Investment, the US-managed investment account of prominent investor Duan Yongping, shows that as of March 31, 2026, the portfolio held 19 securities with a total value of approximately $20.004 billion, with all holdings under sole discretion.
Among them: Apple (AAPL) held 28,945,607 shares, valued at $7.346 billion; Berkshire Hathaway (BRK.B) held 9,147,796 shares, valued at $4.384 billion; Nvidia (NVDA) held 13,843,775 shares, valued at $2.414 billion; Pinduoduo (PDD) held 19,748,294 shares, valued at $2.018 billion; Tesla (TSLA) held 3,408,900 shares, valued at $1.267 billion. Microsoft (MSFT) held 1,016,000 shares, valued at $376 million. Circle was a newly disclosed position for the quarter, holding 200,000 shares valued at $19.082 million, accounting for approximately 0.1% of the portfolio.
Analog Devices to Acquire AI Chip Company Empower Semiconductor for $1.5 Billion
ChainCatcher news: According to informed sources, Analog Devices is in advanced negotiations to acquire AI chip startup Empower Semiconductor for approximately $1.5 billion.
If the deal goes through, it will further expand Analog Devices' footprint in high-performance computing infrastructure. The transaction reflects strong market demand for AI chip power supply and energy efficiency management technologies, as growing AI workloads impose higher requirements on power management and energy efficiency for AI chips.Agents Capital Markets: How Will Autonomous Agents Get Funded?
Elon Musk's xAI Launches Skills
ChainCatcher news, Elon Musk's AI company xAI announced the launch of the "Skills" feature simultaneously on web, iOS, and Android platforms. This feature endows the AI assistant Grok with persistent memory across conversations, marking Grok's evolution from a traditional single-session Q&A chatbot to a configurable, programmable automated workspace.
According to the introduction, with the "Skills" feature, users only need to teach Grok the operating method for a specific task once, and Grok will permanently remember the relevant personal preferences, formatting rules, or specific workflow steps in all subsequent independent conversations. This means users no longer need to tediously repeat entering cumbersome preamble prompts or background settings when starting new conversations.
Coinbase CEO Assists Law Enforcement with Blockchain Forensics Leading to 5 Convictions
Three Major DeFi Attacks in Five Days, Total Crypto Hacks in May Reach 14
ChainCatcher news, Echo Protocol suffered a vulnerability attack on the Monad network, with the attacker minting 1,000 eBTC (worth approximately $76.64 million). According to PeckShield tracking, the attacker deposited 45 eBTC (~$3.45 million) into Curvance, borrowed 11.29 WBTC, bridged to Ethereum and exchanged for ETH, with 384 ETH transferred into Tornado Cash. Curvance has suspended the affected market, stating that smart contracts were not compromised and other markets remain unaffected.
Echo Protocol has suspended all cross-chain transactions. Monad CEO Keone Hon clarified that the vulnerability did not affect the Monad network, and security researchers assessed the actual theft at approximately $816,000.
This incident pushes the total number of crypto hacks in May to 14, with three major DeFi attacks occurring in just the past five days: THORChain lost over $10 million to a vault exploit on May 15, and the Verus Ethereum cross-chain bridge was attacked three days later, losing approximately $11.58 million. The frequency of security incidents highlights the persistent systemic risks facing the DeFi space.
Top Meme Tokens
According to data from the meme token tracking and analysis platform GMGN, as of 09:00 on May 20,
The top five trending ETH tokens in the past 24h are: HEX, SHIB, LINK, PEPE, mUSD
The top five trending Solana tokens in the past 24h are: TROLL, WCOR, BULLISH, HANTA, Buttcoin
The top five trending Base tokens in the past 24h are: B3, IMGN, TOSHI, TOSHI, KEYCAT, BRETT
What Are the Must-Read Articles From the Past 24 Hours?
Is Hyperliquid Disrupting Wall Street's Game? Regulation Pending, Market Makers Flee First?
Yesterday, two addresses marked by the market as mainstream market makers on Hyperliquid withdrew nearly 90% of BTC and ETH liquidity during the same time period, with an estimated total withdrawal scale of nearly $100 million.
And it just so happens that 3 days prior, the world's two largest traditional exchanges, CME and ICE, jointly pressured the US CFTC and Congress to strictly regulate Hyperliquid.
Is this merely a single event of professional players 'pricing in regulatory risk,' or a sign that the regulatory arbitrage benefits DEXs have enjoyed over the past three years are coming to an end?
When Hyperliquid Steals Solana's "Internet Capital Market" Playbook
In the cyclical turns of the cryptocurrency market, Solana once regained its peak with the narrative of an 'Ethereum killer' and extreme performance. However, entering 2026, this 'high-performance computer' that once ran at full throttle is facing unprecedented deceleration pressure, first reflected in price.
Over the past year, SOL's price has fallen a maximum of 73.5% from its high, the largest drop among all major cryptocurrencies. In the recent market correction over the past month, SOL's upward momentum has also been very weak, significantly lagging behind other major cryptocurrencies like BTC and ETH.
Furthermore, Solana's core "internet capital market" vision has been severely hit by internal and external challenges, forcing the Solana Foundation's senior team to frequently speak out recently, building momentum for their ecosystem in the public opinion sphere.
Agents Capital Markets: How Will Autonomous Agents Get Funded?
Within a decade, Agent companies will have their own capital markets. Not a crypto sub-economy, not a thought experiment, but a real market: with rating agencies, underwriters, indices, brokers, and the institutional machinery that makes any market a market.
A capital market as real as the public stock market: a system where capital flows to a certain class of economic actors, without relying on the subjective judgment of any single capital allocator. These actors will be Agents — software entities wrapped in a legal shell. They can sign contracts, hold bank accounts, sue and be sued, and earn income through actual work.
The work itself is highly routine: marketing, logistics, legal research, procurement, property management, customer support — precisely the categories of routine business that fill the office parks of every medium-sized city today.
Agents will sell services to humans, other Agents, and any party with the ability to pay. Their need for capital will be no different from the reason every service company needs capital.
