Odaily reported that according to data from MSX.COM, US stock markets closed with the Dow Jones up 1.31%, the S&P 500 up 1.08%, the Nasdaq up 1.54%, and the VIX panic index down 3.43%. Crypto-concept stocks rose broadly, with American Bitcoin up 8.82%, Upexi up 8.53%, FRMM up 6.14%, MARA Holdings up 5.71%, and Riot Platforms up 4.53%. It is reported that MSX.COM is a decentralized RWA trading platform that has listed hundreds of RWA tokens, covering US stocks and ETF token targets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.

According to OKX market data, HYPE has risen to $56.2, pushing Hyperliquid's fully diluted valuation (FDV) to $54.107 billion, surpassing Solana's FDV of $54.082 billion.

Odaily reported that Elon Musk posted on X, stating that, as demonstrated by the recently expanded partnership with Anthropic, SpaceX is offering "AI compute as a service" on a considerable scale.

SpaceX is also in discussions with other companies regarding similar collaborations. Over time, especially following the gradual deployment of orbital data centers, SpaceX is expected to provide AI services at a massive scale.

Previously, it was reported that Anthropic and SpaceX reached an agreement earlier this month, where the former will utilize the full compute capacity of the latter's Colossus1 data center. This will provide Anthropic with over 300 megawatts of new computing power (equivalent to more than 220,000 NVIDIA GPUs) within a month, directly improving the user experience for Claude Pro and Claude Max subscribers.

According to recently unsealed court documents, Jane Street is alleged to have obtained insider information from Terraform Labs via a private Telegram group named "Bryce's Secret."

The documents claim that Jane Street subsequently sold approximately $192 million worth of UST when it was near its peg price, and profited around $134 million by shorting UST during the collapse of TerraUSD and the evaporation of roughly $40 billion in market value from the Terra ecosystem. (CoinDesk)

Odaily reports that according to insiders, cryptocurrency custody company Copper is seeking to sell the company at a valuation of approximately $500 million. Investment bank Cantor Fitzgerald has been appointed to assist with the sale. Copper's core asset is the ClearLoop settlement system, which allows network participants to complete delivery-versus-payment settlements within custody without needing to bring assets on-chain, thereby reducing settlement risk. Copper closed its corporate custody business in 2023 to focus on ClearLoop, which serves institutional clients. Copper had considered an IPO earlier this year, but with Bitcoin trading below $80,000 and AI attracting most of the capital, progress in the crypto IPO market has been limited this year. (CoinDesk)

Odaily reports that bipartisan U.S. lawmakers on Wednesday reintroduced a revised version of the crypto tax bill, the "Digital Asset Protection, Regulation, Innovation, Taxation, and Yield Act," known as the PARITY Act. If signed into law, the bill would direct the IRS to review the potential impact of small transaction tax exemptions. The new version stipulates that "regulated payment stablecoins" generate no gains or losses if their cost basis is at least 99% of their redemption value; creates a safe harbor for transactions conducted through brokers or taxpayer accounts; defines the application of digital asset "wash sale" rules; and clarifies the tax treatment for validators who earn digital assets through staking. Additionally, the bill requires the IRS to review the tax burden of small digital asset transactions, assess how many transactions under $200 are covered under existing law, and study the feasibility and potential abuse risks of small transaction tax exemptions. (CoinDesk)

Singapore's Monetary Authority of Singapore (MAS) has revoked the Major Payment Institution license of crypto liquidity provider Bsquared Technology (BSQ) due to serious violations in its digital payment token business.

MAS stated that the issues included weak risk management and conflict of interest controls, breaches of outsourcing regulations, and repeated submission of false or misleading statements during the licensed period. The revocation took effect on May 14.

MAS noted that BSQ currently holds no outstanding customer assets but is still required to submit a closure certificate from an auditor. The regulator also said it is reviewing the responsibilities of BSQ's key management personnel. Currently, Singapore has 37 digital payment token service providers holding relevant licenses. (TechinAsia)

Odaily Odaily Planet Daily: Dragonfly partner Haseeb Qureshi stated on X that the Central Limit Order Book (CLOB) model cannot solve the liquidity problem of RWA assets. Hyperliquid has indeed mastered the liquidity of a few RWA macro assets, but beyond the top 10 assets by trading volume (which account for approximately 90% of the volume), liquidity drops off a cliff.

The order book model can work when retail demand is strong enough, but if every asset requires building its own order book, it means you have to cold-start demand ticker by ticker, subsidizing to 'rent' liquidity, ultimately resulting in a collection of markets with thin liquidity.

Variational bypasses all of this with the RFQ (Request for Quote) model. RFQ is the true trading method for institutions. In this model, market makers provide instant quotes on demand and hedge in primary trading venues once orders are placed. This allows Variational to directly tap into mainstream TradFi liquidity and map it onto the chain – where margins are managed in smart contracts, settlements are completed using stablecoins, and liquidity comes from users already trading in the largest underlying markets like the CME and NYSE.

This means anyone can permissionlessly access the same market depth and spreads as traditional markets. Once the cold-start problem is solved, the launch speed of new markets can be as fast as releasing software. It is expected that by next year, RWA perpetual contracts will become the largest category of contracts on-chain, even surpassing the combined size of BTC and ETH perpetual contracts. Ultimately, the platform that wins this race will not look like a traditional exchange.

Yesterday's news: Variational announced the completion of a $50 million Series A funding round, led by Dragonfly Capital, with participation from Bain Capital Crypto and Coinbase Ventures.

Odaily Odaily reported that Polymarket, a prediction market provider, submitted a self-certification document to the U.S. Commodity Futures Trading Commission (CFTC) on Wednesday, applying to list sports event parlay contracts in the US. These are multi-condition combined prediction contracts. Polymarket stated that the product is composed of two or more underlying sports event contracts. Only if all set sub-event outcomes occur will the contract settle at $1; otherwise, it becomes worthless. The documents indicate that the listing will not occur before May 21, 2026. Another document shows that Polymarket has requested the CFTC to keep relevant exhibits confidential, citing trade secrets. (CoinDesk)

Odaily Odaily News: Flipcash, an app created by Kik founder Ted Livingston, has launched a native stablecoin USDF on Solana, based on Coinbase's "Stablecoin as a Service" platform.

According to reports, USDF is pegged 1:1 to the US dollar and fully backed by USDC. Coinbase handles issuance, reserves, and compliance matters. Flipcash has become the first application to use the Coinbase stablecoin-as-a-service platform.

It is understood that USDF will primarily be used for cash-like payment scenarios within the Flipcash app. Flipcash is a digital payment application built on Solana, allowing users to create and trade "community currencies" with a fixed supply.

Coinbase launched its stablecoin-as-a-service platform in late 2025, aiming to help enterprises issue branded stablecoins without needing to build their own infrastructure. (The Block)

According to DefiLlama data, Variational's open interest exceeds $800 million, ranking fourth in the Perp DEX sector. Notably, among the top five Perp DEXs by open interest, Variational is the only platform that has not yet issued a token.

Previously, it was reported that last night Variational announced the completion of a $50 million Series A funding round, led by Dragonfly Capital.

Odaily reported on May 21 (Thursday) that, according to Gate data, the Nikkei 225 index opened up 617.06 points, or 1.03%, at 60,421.47 points. The Korea KOSPI index opened up 277.63 points, or 3.85%, at 7,486.58 points on Thursday, May 21.

Odaily reports, according to Lookonchain monitoring, the agent Garrett Jin (#BitcoinOG1011short) of the “1011 insider whale” has deposited 39.5 million USDC to Binance. Subsequently, through a new wallet 0x92ea, it withdrew 40 million USDC from Binance and deposited 10 million USDC into Hyperliquid.

Subsequently, it opened a 504.4 BTC long position on Hyperliquid with 5x leverage, with a position value of approximately $59.11 million and a liquidation price of $62,626.49. Additionally, it purchased 42,524 HYPE, worth approximately $2.33 million.

According to a report by WSJ, Anthropic's revenue is expected to reach $10.9 billion in the second quarter, more than doubling from $4.8 billion in the first quarter, and the company is projected to achieve operational profitability for the first time. However, due to its massive computing power demands, profitability may not be sustained throughout the entire year. The operating profit calculation has already factored in costs for training new models but excludes stock-based compensation expenses.

As part of an ongoing funding round, Anthropic disclosed these figures to investors. This funding round is likely to push its valuation above that of OpenAI.

Last summer, Anthropic shared financial data with investors, which at the time indicated that the company would not achieve full-year profitability until at least 2028.

Odaily reported that according to OKX market data, as Bitcoin continues to strengthen, altcoins are generally rising, with privacy sector tokens leading the gains. Among them:

NIL is currently trading at $0.6963, up 33% in 24 hours;

DASH is currently trading at $50.41, up 20.5% in 24 hours;

ZEC is currently trading at $669, up 17.35% in 24 hours;

ZEN is currently trading at $6.796, up 14.33% in 24 hours.