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U.S. Defense Secretary Hegseth stated that the Strait of Hormuz will be fully open and free for all nations' vessels to pass through, which is the appropriate status for the strait.

[U.S. Defense Secretary Hegseth: Strait of Hormuz Will Be Fully Open and Free]U.S. Defense Secretary Hegseth stated that the Strait of Hormuz will be fully open and free for all nations' vessels to pass through, which is the appropriate status for the strait.

U.S. Defense Secretary Hegseth: Strait of Hormuz Will Be Fully Open and Free

On May 30, developer donnoh disclosed that due to a vulnerability during a recent upgrade, the status updates of the Base network have been stalled for over 30 hours. However, since withdrawals from Base to the Ethereum mainnet require approximately a 7-day challenge period, most ordinary users have not yet noticeably perceived this anomaly. Subsequently, the official Base status page issued an announcement confirming that the issue originated from a fault related to the TEE (Trusted Execution Environment) enclave, which interrupted the network proposal process and subsequently affected the status update process. The official statement indicated that the withdrawal function of the Base mainnet is currently delayed, and the team is working on a fix. Other core network components have not been directly affected, aside from the withdrawal process.

[Delay in Base Mainnet Withdrawal Function, Team Working on Fix]On May 30, developer donnoh disclosed that due to a vulnerability during a recent upgrade, the status updates of the Base network have been stalled for over 30 hours. However, since withdrawals from Base to the Ethereum mainnet require approximately a 7-day challenge period, most ordinary users have not yet noticeably perceived this anomaly. Subsequently, the official Base status page issued an announcement confirming that the issue originated from a fault related to the TEE (Trusted Execution Environment) enclave, which interrupted the network proposal process and subsequently affected the status update process. The official statement indicated that the withdrawal function of the Base mainnet is currently delayed, and the team is working on a fix. Other core network components have not been directly affected, aside from the withdrawal process.

Delay in Base Mainnet Withdrawal Function, Team Working on Fix

DxSale.Network issued a statement on platform X addressing a recent security incident, indicating that the vulnerability stemmed from the newly launched atomic swap feature on BSC, which affected the v1 locking contract that was launched in 2021. The source of the issue has been identified, and the locking contracts for v2 and above are secure and have passed Certik audits. Assets locked in v2 and above are not affected. Previously, DxSale was accused of exploiting a backdoor to drain over 1,400 liquidity pools, resulting in approximately $7.3 million in liquidity funds being withdrawn.

[DxSale Responds to Security Incident: BSC Atomic Swap Vulnerability Affects v1 Locking, v2 and Above Versions Secure]DxSale.Network issued a statement on platform X addressing a recent security incident, indicating that the vulnerability stemmed from the newly launched atomic swap feature on BSC, which affected the v1 locking contract that was launched in 2021. The source of the issue has been identified, and the locking contracts for v2 and above are secure and have passed Certik audits. Assets locked in v2 and above are not affected. Previously, DxSale was accused of exploiting a backdoor to drain over 1,400 liquidity pools, resulting in approximately $7.3 million in liquidity funds being withdrawn.

DxSale Responds to Security Incident: BSC Atomic Swap Vulnerability Affects v1 Locking, v2 and Above Versions Secure

On May 30, according to HTX market information, Bitcoin has surpassed $74,000, with a 24-hour increase of 1.3%.

[Bitcoin Surpasses $74,000, 24-Hour Increase of 1.3%]On May 30, according to HTX market information, Bitcoin has surpassed $74,000, with a 24-hour increase of 1.3%.

Bitcoin Surpasses $74,000, 24-Hour Increase of 1.3%

a16z crypto published an analysis on the unique value and challenges faced by prediction markets. It pointed out that prediction markets allow participants to trade on the outcomes of events, aggregating dispersed information through price signals to provide real-time estimates of future event probabilities. Unlike traditional polls, prediction markets have the capability to update in real-time and incentivize participants to stake their capital on their information, thereby improving prediction accuracy. Their core advantage lies in providing independent probability estimates for specific events rather than relying on indirect signals from overall asset price movements. However, they still face challenges related to infrastructure and market design, including event verification, contract settlement, participant information adequacy, and potential manipulation risks. If these issues are addressed, prediction markets are expected to become important tools for decision-making and information aggregation, enhancing financial and societal insights into future events.

[a16z Crypto: Key Challenges in Prediction Markets Including Event Verification and Market Manipulation]a16z crypto published an analysis on the unique value and challenges faced by prediction markets. It pointed out that prediction markets allow participants to trade on the outcomes of events, aggregating dispersed information through price signals to provide real-time estimates of future event probabilities. Unlike traditional polls, prediction markets have the capability to update in real-time and incentivize participants to stake their capital on their information, thereby improving prediction accuracy. Their core advantage lies in providing independent probability estimates for specific events rather than relying on indirect signals from overall asset price movements. However, they still face challenges related to infrastructure and market design, including event verification, contract settlement, participant information adequacy, and potential manipulation risks. If these issues are addressed, prediction markets are expected to become important tools for decision-making and information aggregation, enhancing financial and societal insights into future events.

a16z Crypto: Key Challenges in Prediction Markets Including Event Verification and Market Manipulation

On May 30, Dan Loeb, founder of Third Point and manager of a $24 billion hedge fund, expressed strong optimism about AI, stating that the current AI boom is fundamentally different from the internet bubble era. Loeb pointed out that major tech companies have announced a total investment of over $700 billion in AI infrastructure this year, with projections exceeding $1 trillion next year. These companies are highly profitable and generating substantial cash flow, allowing most of their expenditures to be supported by their own funds. 'If you don't believe these capital expenditures will yield returns, it's like saying they are flushing money down the toilet, which is very different from the internet bubble—during that time, we shorted the bubble and achieved good returns over those years.' Loeb emphasized that he does not see a valuation bubble at present. He cited Anthropic as an example to support his optimistic view: its latest financing valuation has reached $965 billion, up from $380 billion in February, with annual revenue soaring from $14 billion to $47 billion in the same period. The adoption rate and practicality of its products are rapidly increasing, and the upcoming new model is highly anticipated. 'You can convincingly argue that we are just scratching the surface of the AI boom, and the application layer on the enterprise side is just getting started, so I stand with the optimists.' As of the end of March, Loeb's Third Point included significant holdings in Amazon, Alphabet, Meta, and Nvidia.

[Loeb Refutes Bubble Theory: Investing in AI is Not a Waste, We Are Just Scratching the Surface of the Boom]On May 30, Dan Loeb, founder of Third Point and manager of a $24 billion hedge fund, expressed strong optimism about AI, stating that the current AI boom is fundamentally different from the internet bubble era. Loeb pointed out that major tech companies have announced a total investment of over $700 billion in AI infrastructure this year, with projections exceeding $1 trillion next year. These companies are highly profitable and generating substantial cash flow, allowing most of their expenditures to be supported by their own funds. 'If you don't believe these capital expenditures will yield returns, it's like saying they are flushing money down the toilet, which is very different from the internet bubble—during that time, we shorted the bubble and achieved good returns over those years.' Loeb emphasized that he does not see a valuation bubble at present. He cited Anthropic as an example to support his optimistic view: its latest financing valuation has reached $965 billion, up from $380 billion in February, with annual revenue soaring from $14 billion to $47 billion in the same period. The adoption rate and practicality of its products are rapidly increasing, and the upcoming new model is highly anticipated. 'You can convincingly argue that we are just scratching the surface of the AI boom, and the application layer on the enterprise side is just getting started, so I stand with the optimists.' As of the end of March, Loeb's Third Point included significant holdings in Amazon, Alphabet, Meta, and Nvidia.

Loeb Refutes Bubble Theory: Investing in AI is Not a Waste, We Are Just Scratching the Surface of the Boom

On May 30, the official website of the China Securities Regulatory Commission disclosed the filing report for the initial public offering and listing guidance of MiniMax Group Inc. (hereinafter referred to as 'MiniMax'), with CITIC Securities serving as its advisory institution. This indicates that MiniMax has officially started the guidance process for its A-share listing, aiming for a dual listing on both A and H shares.

[MiniMax Officially Launches A-Share Listing Guidance, Aiming for A+H Dual Listing]On May 30, the official website of the China Securities Regulatory Commission disclosed the filing report for the initial public offering and listing guidance of MiniMax Group Inc. (hereinafter referred to as 'MiniMax'), with CITIC Securities serving as its advisory institution. This indicates that MiniMax has officially started the guidance process for its A-share listing, aiming for a dual listing on both A and H shares.

MiniMax Officially Launches A-Share Listing Guidance, Aiming for A+H Dual Listing

HTX data monitoring shows that BTC has surpassed 74000 USDT, currently reported at 74006.04 USDT, with a 24H increase of 1.85%.

【BTC breaks through 74000 USDT】HTX data monitoring shows that BTC has surpassed 74000 USDT, currently reported at 74006.04 USDT, with a 24H increase of 1.85%.

BTC breaks through 74000 USDT

On May 30, according to HTX market data, HYPE surpassed $68, reaching a new all-time high of $68.5, with a 24-hour increase of over 10.4% and more than 50% growth over the past two weeks. The current market capitalization is reported at $15.2 billion, ranking 11th in the cryptocurrency market capitalization leaderboard, with a fully diluted valuation (FDV) rising to $65.4 billion. Additionally, two competing whales, 'Trader Loracle' and '0x082', recorded significant unrealized profits and losses, with 'Trader Loracle' holding a short position valued at $114 million, incurring an unrealized loss of $36.6 million; while '0x082' held a long position valued at $94 million, realizing an unrealized profit of $40.69 million.

[HYPE Surpasses $68, Hits New All-Time High with Over 50% Increase in Two Weeks]On May 30, according to HTX market data, HYPE surpassed $68, reaching a new all-time high of $68.5, with a 24-hour increase of over 10.4% and more than 50% growth over the past two weeks. The current market capitalization is reported at $15.2 billion, ranking 11th in the cryptocurrency market capitalization leaderboard, with a fully diluted valuation (FDV) rising to $65.4 billion. Additionally, two competing whales, 'Trader Loracle' and '0x082', recorded significant unrealized profits and losses, with 'Trader Loracle' holding a short position valued at $114 million, incurring an unrealized loss of $36.6 million; while '0x082' held a long position valued at $94 million, realizing an unrealized profit of $40.69 million.

HYPE Surpasses $68, Hits New All-Time High with Over 50% Increase in Two Weeks

According to Businesswire, Core Scientific, Inc. (NASDAQ: CORZ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced production and operational updates for October 2022.
As of month-end, the Company operated approximately 243,000 ASIC servers for both colocation and self-mining, representing a total of 24.4 EH/s. The Company’s Georgia, Kentucky, North Carolina, and North Dakota data center facilities continue to operate at capacity. The Company has completed 287 MW of its data center build out in Texas.
During the month of October, the Company sold 2,285 Bitcoins at an average price of $19,639 per bitcoin for total proceeds of approximately $44.8 million. As of October 31, 2022, the Company held 62 bitcoins and approximately $32 million in cash.

Detail

【Core Scientific announced production and operational updates for October 2022】According to Businesswire, Core Scientific, Inc. (NASDAQ: CORZ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced production and operational updates for October 2022.
As of month-end, the Company operated approximately 243,000 ASIC servers for both colocation and self-mining, representing a total of 24.4 EH/s. The Company’s Georgia, Kentucky, North Carolina, and North Dakota data center facilities continue to operate at capacity. The Company has completed 287 MW of its data center build out in Texas.
During the month of October, the Company sold 2,285 Bitcoins at an average price of $19,639 per bitcoin for total proceeds of approximately $44.8 million. As of October 31, 2022, the Company held 62 bitcoins and approximately $32 million in cash.

Core Scientific announced production and operational updates for October 2022

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Article

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Core Scientific announced production and operational updates for October 2022

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