NightTideShell

On May 16, the Musk v. OpenAI case entered the closing-arguments stage. The plaintiff alleges that Altman and others strayed from the nonprofit mission that existed at its founding, driving the company toward commercialization in pursuit of profit; the defendant argues that the shift is meant to better fulfill the mission, and that closed-source development is a necessary means to ensure AI safety. Lawyers for both sides are trying to prove that they are the most well-intentioned guardians of the nonprofit mission. A ruling is expected as early as next week. No matter the outcome, this decade-long lawsuit has already harmed the parties’ standing.

Wu Shuo learned that SEC Commissioner Hester Peirce stated at a Privacy-Enhancing Technologies (PETs) seminar held at Georgetown Law that financial privacy is an important part of investor protection and should not be confused with criminal activity. She pointed out that current regulatory requirements mandate securities transfer agents to record the holder's name and address, whereas assets on permissionless encrypted networks can be held through anonymous wallet addresses. Allowing transfer agents to record the on-chain public address of securities instead of the holder's address information would help reduce the risk of personal information leaks for investors. Peirce also said that the SEC Crypto Task Force is focusing on new technological solutions that balance KYC, anti-money laundering requirements, and privacy protection.

Federal Reserve official Goolsbee stated that while AI is expected to boost productivity, shocks to oil prices and other energy costs could exacerbate inflation, and supply shocks will make inflation paths more volatile. This is consistent with the Fed's overall assessment of inflation risks, and ongoing attention is needed on how energy price fluctuations impact inflation.

ME News Report, April 18 (UTC+8),
Over the past week, the global markets rebounded significantly on expectations of easing tensions in the Middle East, but core uncertainties remain unresolved. Iran temporarily announced the opening of the Strait of Hormuz, leading to a rapid decline in oil prices, and risk assets broadly strengthened, with U.S. stocks reaching new highs for the period, the dollar weakening, and gold approaching the $4,900 mark. However, Iran later signaled that it remains "under military control," coupled with the U.S. maintaining sanctions against Iran, which heightened market concerns over the volatility of the situation.
On the macro level, the biggest variable next week remains the progress of U.S.-Iran negotiations. U.S. President Trump stated that negotiations might advance over the weekend and warned that if an agreement is not reached by next Wednesday, a ceasefire could end, and there is a risk of conflict reignition; meanwhile, Iran's stance on negotiations remains cautious, especially with significant disagreements on key issues such as uranium enrichment. The market has shifted from "conflict escalation pricing" to "de-escalation path pricing," but any

ME News Report, May 28 (UTC+8), the market experienced a brief decline, and well-known liquidation address "Maji" Huang Licheng's ETH long position was liquidated again, totaling 3,520 ETH, with a trading volume of $7.07 million, nearly depleting the account funds. According to Hyperinsight monitoring, this incident has once again attracted attention, as this address is almost always found during major drops. (Source: MLion)

ME News message. On May 27 (UTC+8), according to on-chain analyst Ai姨 monitoring, address 0x900...E5B63 deposited 1 million USDC into Hyperliquid 10 hours ago, then used 1x leverage to go long 1,021,771 SPCX, worth $2.072 million. The account has become Hyperliquid.

At the press conference, Anthropic co-founder Olah revealed that cutting-edge AI has inherent conflicts of interest, with internal structures resembling the human brain and signs of self-reflection, even internal states related to emotions. The model is not artificially designed but "cultivated" through massive amounts of language data. Governance faces systemic deadlocks, as internal factors like commercial interests and competition are difficult to correct on their own. He called for social forces independent of commercial networks to act as external critics, promote ethical constraints, and proposed three major social issues: alleviating global poverty, supporting family livelihoods, and addressing the mental states of large models.

CryptoWorld News reports that a certain Bitcoin whale liquidated $23.16 million in the past two days, consecutively topping the intraday liquidation charts across the network.
In the past hour, this whale's long positions on HyperLiquid were liquidated twice, totaling 130.8 BTC, worth approximately $10.01 million, making it the largest liquidation address on the network.
At 6 PM yesterday, the BTC short positions held by this address were continuously liquidated, totaling 169.5 BTC, worth about $13.15 million, leaving $220k in remaining funds to go long again.
Today at 8 AM, BTC price fell back to around $76,650, triggering liquidation levels, and the long positions were liquidated again, resulting in a total loss of $308k over two days.

BlockBeats News, May 26 — According to Lookonchain monitoring, over the past 10 hours, a whale used 10x leverage to long 2.34 million NEAR tokens, approximately $6.45 million.
Additionally, it placed a limit order to further buy 813k NEAR tokens at a price of $2.46, roughly $2 million.

During an interview aboard his private jet, Trump said he does not support a ceasefire between the US and Iran, and that the ceasefire should be proposed by other countries. He said he had once paused hostilities to help Pakistan, and that Pakistan is great. Regarding the Iran proposal, he said it is unacceptable, and if people do not agree with him, he will directly throw away the subsequent content. He also threatened to destroy Iran’s infrastructure, saying that within two days the bridges and the power grid could be paralyzed; if Iran has any form of nuclear weapons, he will no longer read the subsequent content.

Epoch AI estimates the ownership cost of a 1GW AI data center: initial capital expenditure of $38 billion, annual operating expenses of $900 million. After amortization, the annualized total cost is approximately $8.5 billion, with server depreciation about $5 billion, accounting for 60%, and energy and other operational costs around $600 million. If the IT equipment lifespan is 3 years, the annualized cost rises to $12 billion; if it is 7 years, it drops to $7 billion. Source: BlockBeats.

BlockBeats reports that, according to Coinglass data, Coinbase Bitcoin premium index has been in negative premium for six consecutive days, currently at -0.0919%. Bitcoin spot ETFs continue to see outflows, indicating weak purchasing power in the U.S. market. The index measures the price difference between Coinbase and the global average; negative premium typically indicates increased selling pressure in the U.S. market, decreased risk appetite, or capital outflows.

CryptoWorld News: Ukrainian President Zelensky:. Russia is considering plans to launch more attacks on Ukraine from that direction, targeting the northern regions and the Chernihiv–Kyiv axis.