The Information: BlackRock’s subscription order for SpaceX’s current issuance could be as high as $75.00 billion
According to The Information, BlackRock’s subscription orders for SpaceX’s latest issuance may be as high as $75.00B. (Golden Ten)
[Odaily]
Intesa Sanpaolo’s Q1 crypto exposure increased to approximately $235 million.
Italy’s largest bank, Intesa Sanpaolo, increased its crypto exposure to approximately $235.00 million in the first quarter.
[Odaily]
Bitget launches the third phase of the VIP Protection Program, with returning users eligible to receive up to 500 USDT.
Bitget launches the Phase 3 VIP Guardian Program, with participation closing on June 5th at 18:00 (UTC+8), and a total prize pool of 50,000.00 USDT.
This phase of the event is aimed at a specific user group: VIP level downgrades after November 15, 2025, and users who have not reached VIP1 as of May 6, 2026. The event includes three major sections: Contract VIP, Spot VIP, and Asset VIP return. Eligible users can choose one direction to participate in after completing registration.
Complete the specified trading volume and net deposit tasks to receive the corresponding USDT rewards, up to 500.00 USDT. Rewards are distributed on a first-come, first-served basis.
[Foresight News]
Criminal Investigation Bureau of the Ministry of Public Security: Beware of online fraud targeting minors; illicit funds are transferred overseas via virtual currencies.
The Criminal Investigation Bureau of the Ministry of Public Security published an article titled “Beware of Online Scams Targeting Minors” on its official WeChat account, revealing a new type of online fraud chain characterized by “gaming-based traffic acquisition + impersonation of public security, procuratorial, and judicial organs + virtual currency money laundering.”
Criminals post advertisements on gaming and social platforms to lure minors into adding them as friends, then use intimidation and other tactics to obtain funds from parents’ accounts. The illicit proceeds are split and withdrawn via black-market and gray-market platforms before being used to purchase virtual currencies. These virtual currencies are not restricted by geography and can flow silently back to overseas scam operations, achieving “physical isolation” for cross-border fund transfers.
The Criminal Investigation Bureau of the Ministry of Public Security reminds the public: Public security, procuratorial, and judicial organs will never conduct investigations online, will never intimidate victims into making payments, and will never request passwords or verification codes.
[Foresight News]
Data: Morgan Stanley’s Bitcoin ETF total holdings increased to 3,389 BTC
Arkham monitoring data shows that Morgan Stanley’s spot Bitcoin exchange-traded fund MSBT has increased its holdings again by 74.536 BTC, worth $5.93 million.
As of now, its total Bitcoin holdings have reached 3389 BTC, worth $273.00 million.
[Odaily]
THORChain: No Refunds, Airdrops, or Compensation Programs Have Been Initiated; Reminding the Community to Be Vigilant Against Fraud
PANews, May 16: THORChain’s official team has alerted the community that a large number of fake accounts and false information have appeared on the market, involving so-called activities such as “refunds,” “airdrops,” and “compensation.”
Preliminary investigations indicate that users’ funds were not compromised in the earlier security incident. Currently, THORChain is not running any refund, airdrop, or compensation programs. Any accounts claiming otherwise are impersonating the official team or spreading false information. Updates on the investigation and further details will be announced subsequently.
[PANews]
Chainalysis: The THORChain attacker demonstrated sophisticated money laundering capabilities, moving funds across chains for several weeks before launching the attack.
On May 16th, Chainalysis posted on the X platform, revealing the tracking of the THORChain attack source. They stated that wallets suspected to be related to the attacker had been transferring funds through Monero, Hyperliquid, and THORChain for several weeks before the THORChain attack.
As early as the end of April, the attacker-related wallet deposited funds into a Hyperliquid position through Hyperliquid and the Monero privacy bridge. The funds were then converted to USDC and transferred to Arbitrum, and then bridged to Ethereum.
Some of the ETH was then transferred to THORChain to become RUNE staked for newly added nodes, which are believed to be the source of the attack.
[PANews]
Analyst: Bond market sell-off hits, AI stock frenzy may be impacted
May 16th news, according to Jinshi reports, investors are frantically chasing the surge in technology stocks and AI stocks, but the market also generally acknowledges that rising bond yields may derail the stock market. Most respondents pointed out that if the 30-year US Treasury yield remains steadily above 5%, it will cause problems for AI stocks. Alexandre Drabowicz, Chief Investment Officer of Société Générale Wealth Management, called this the “danger zone” for the stock market.
Kevin Thozet of Carmignac’s Investment Committee said that long-term US Treasury rates are at a critical intersection of artificial intelligence capital expenditure and private credit financing costs. It will affect the financing costs of government deficits and may have an “adverse impact” on residents’ wealth.
Benoit Peluhet, Chief Investment Officer of Natixis Wealth Management, said: “Although bullish sentiment in the stock market is strong, interest rates are still climbing.”
[PANews]
BNB ecosystem DeFi platform Eleutheria Completes $5.00M Strategic Funding Round, with Participation from Alpha Capital
PANews May 16th, BNB ecosystem decentralized finance platform Eleutheria announced the completion of a $5.00M strategic round of financing with participation from Alpha Capital. Valuation information has not yet been disclosed.
The new funds will support the construction of on-chain financial services through trustless code-driven DeFi and tamper-proof smart contracts.
[Asksurf]
After being liquidated, Machi Big Brother reopens a 25x leverage Ethereum long position, currently holding 1275 ETH.
On May 16, according to Lookonchain monitoring, “Brother Maji” opened a new 25x-leveraged long position on Ethereum after his previous Bitcoin and Ethereum long positions were liquidated. His current position holds 1,275 ETH, with a liquidation price of $2,152.96.
It is reported that Brother Maji’s total losses from his previous liquidated long positions amounted to $31.99 million.
[PANews]
Data: Morgan Stanley’s Bitcoin ETF total holdings increased to 3,389 BTC
On May 16, according to Arkham monitoring data, Morgan Stanley’s spot Bitcoin exchange-traded fund MSBT has increased its holdings again by 74.536 BTC, worth $5.93 million.
As of now, its total Bitcoin holdings have reached 3389 BTC, worth $273.00 million.
[PANews]
OpenAI partners with Malta to offer ChatGPT Plus free of charge to all citizens
On May 17, according to Cointelegraph, OpenAI and the Maltese government announced the establishment of the world’s first partnership to roll out ChatGPT Plus to all Maltese citizens—a landmark agreement marking the first time a government has entered into such a collaboration with the AI company.
OpenAI announced on Saturday that, under this initiative, citizens who complete the government-supported AI literacy course will receive one year of free access to ChatGPT Plus. Developed by the University of Malta, the course covers the definition, capabilities, and limitations of AI, as well as how to use AI responsibly in both home and workplace settings.
[TechFlow]
Upbit operator Dunamu’s Q1 operating profit decreased by 78% year-on-year
Upbit operator Dunamu disclosed that its consolidated revenue for Q1 2026 amounted to approximately $157 million, down 55% year-on-year; operating profit was approximately $59 million, down 78% year-on-year; and net profit was approximately $46.6 million, down 78% year-on-year.
Dunamu stated that the decline in performance was primarily driven by the global economic slowdown and reduced trading volume in the virtual asset market.
[Odaily]
Bloomberg Analyst: Cerebras ETF Launches in a Flash, ETF Issuance Cycle Compressed to the Extreme
Bloomberg analyst James Seyffart stated on the X platform that the 2x leveraged Cerebras Systems ETF (ticker: CBRG) has been officially listed for trading, while its underlying asset CBRS only began trading the afternoon before, meaning that the launch of the leveraged ETF was completed in just a few hours, setting a record for extremely fast product launch pace.
This “fast-following” ETF issuance model is accelerating, and in the future, leveraged ETFs based on unlisted or high-profile assets such as SpaceX, Anthropic, and OpenAI may also see similar rapid replication and issuance paths, reflecting a significant increase in the speed of productization of new asset exposures in the ETF market.
[Odaily]
Hyperion DeFi discloses that HYPE token holdings have exceeded 2 million, with a Q1 net profit of $8.80 million
Nasdaq-listed HYPE Treasury company Hyperion DeFi released its Q1 financial report, disclosing a net profit of $8.80 million for Q1, an improvement from the net loss of $39.80 million in Q4 2025.
Since the end of Q1, the company has increased its holdings by approximately 60,000 HYPE tokens, bringing its total HYPE token holdings to over 2 million. Its validator node has been delegated 10.20 million HYPE tokens, ranking it among the top six validator nodes—just behind the Hyperliquid Foundation.
Additionally, the company holds 1.92 million KNTQ tokens and 10 million HPL tokens.
[Foresight News]
Galaxy’s Head of Research forecasts the timeline for the CLARITY Act, with the earliest possible submission to President Trump for signature scheduled for August.
May 16 news: Alex Thorn, Head of Research at Galaxy, posted on X stating that the U.S. Senate Banking Committee voted 15–9 on Thursday to advance the CLARITY Act (a bill on digital asset market structure) to a full Senate vote.
Key development: During the vote, Sen. Ruben Gallego (D-AZ) expressed support for moving the bill out of committee but emphasized that the committee’s “agreement” does not equate to final voting support.
Committee Chair Sen. Tim Scott (R-SC) announced a bipartisan compromise and incorporated five amendments proposed by Sen. Cynthia Lummis (R-WY), leading to the bill’s passage.
[PANews]
Today’s Market Pulse
Institutional adoption accelerates with BlackRock potentially allocating up to $75 billion to SpaceX, while regulatory frameworks like the CLARITY Act advance in Congress amid AI-crypto convergence.
Key Themes
Institutional Capital Influx
– BlackRock’s potential $75 billion investment in SpaceX signals massive institutional commitment to private space and digital asset infrastructure.
– Morgan Stanley’s Bitcoin ETF continues accumulating Bitcoin (3,389 BTC), totaling $273 million, demonstrating growing confidence in Bitcoin as a legitimate asset class.
– These developments reflect a structural shift in how traditional financial institutions view digital assets, moving from speculation to strategic allocation.
Regulatory Evolution and Security Concerns
– The CLARITY Act’s progression through the Senate Banking Committee marks a significant step toward clearer regulatory frameworks for digital assets in the US.
– Meanwhile, China’s Ministry of Public Security highlights ongoing security challenges as fraudsters increasingly use cryptocurrencies for money laundering targeting minors.
– THORChain’s security incident serves as a reminder of sophisticated attack vectors facing DeFi protocols, with Chainalysis revealing multi-chain money laundering tactics.
AI-Crypto Convergence
– The compressed issuance cycle for the Cerebras Systems ETF and OpenAI’s partnership with Malta demonstrates how rapidly financial markets are embracing AI-related assets.
– This convergence creates new investment opportunities but carries risks as markets react to broader economic pressures including rising bond yields.
– The rapid ETF launch pace suggests a significant increase in the speed of productization for new asset classes.
Market Realities and Resilience
– Despite institutional influx, market realities persist as evidenced by Dunamu’s 78% profit decline, reflecting reduced trading volumes.
– Simultaneously, DeFi protocols like Hyperion demonstrate profitability ($8.8 million Q1 net profit), showing resilience in certain segments.
– Meanwhile, large speculative positions like “Machi Big Brother’s” new 25x leveraged ETH position highlight ongoing risk-taking behavior.
RichSilo Verdict
Smart money should monitor institutional flows into both traditional and emerging digital assets while paying close attention to regulatory developments like the CLARITY Act. The convergence between AI and crypto represents a potentially transformative trend but carries risks associated with compressed market cycles and rising bond yields. Key catalysts to watch include BlackRock’s SpaceX investment confirmation, further Bitcoin ETF inflows, and the CLARITY Act’s timeline toward presidential signature in August.
