Odaily Planet Daily News: Solmate Infrastructure, a Nasdaq-listed Solana treasury company, announced the issuance of an aggregate of 2,298,000 shares of Class B common stock through a registered direct offering. The offering price is $4.97 per share, with total expected proceeds of approximately $11.4 million. The transaction is expected to close on or around May 27, 2026, subject to customary closing conditions. (Businesswire)

Odaily reports that the Avalanche Foundation has announced the formation of an independent review committee to evaluate research proposals submitted under its "Call For Research Program" and provide up to $50,000 in funding for original academic research on the economics of decentralized networks. The committee comprises members from Ava Labs, the Avalanche Foundation, and external scholars specializing in economics, finance, and decentralized network design, aiming to select projects with long-term research value based on strict academic standards.

The program covers two main research areas: crypto asset pricing and valuation, as well as validator economics and network security mechanism design. Evaluation criteria include research relevance, methodological rigor, innovation, feasibility, and the background of the research team.

Emin Gün Sirer stated that Avalanche has been built on a foundation of academic research from the very beginning, and this program aims to continue that tradition while advancing the understanding and application of core economic issues related to decentralized networks. Committee members also include renowned scholars such as Campbell Harvey, Fahad Saleh, and Agostino Capponi, along with key members such as the Investment Director and Chief Economist of the Avalanche Foundation.

According to Lookonchain monitoring, Grayscale has once again increased its holdings by 115,733 HYPE over the past hour, valued at $6.65 million. Over the past week, Grayscale has purchased 682,190 HYPE, worth $34.9 million.

Odaily Planet Daily News: Driven by surging global AI computing power demand, chip architecture giant ARM saw its stock price surge 10% during trading today, hitting an all-time high of $282.80 per share. Its total market capitalization broke through the $300 billion mark for the first time (reaching $300.9 billion). This historic milestone marks a "super myth" of unparalleled returns in the investment career of major shareholder SoftBank Group and its founder, Masayoshi Son.

Public information shows that SoftBank Group currently holds approximately 87% of ARM's shares. Based on the comprehensive book cost of around $40 billion formed through the "2016 privatization acquisition" and the "mandatory buyback before the 2023 IPO," this investment has generated over $220 billion in profits (approximately RMB 1.6 trillion) within just a few years, boasting an astonishing book return rate of 550%.

According to MSX.COM data, NVIDIA's stock price decline widened to 2%, after rising 1.5% earlier. Intel's stock price drop expanded to 4.3%.

Odaily Planet Daily reported: According to MSX.COM data, chip company Arm (ARM.O) has surged over 10%, with its market capitalization surpassing $300 billion for the first time.

Odaily: Iran's ambassador to France stated that Iran and Oman are discussing the permanent collection of tolls for passage through the Strait of Hormuz, and reopening the strait would require countries to pay fees. (Jin Shi)

Odaily reported that driven by AI optimism and strong earnings reports, the S&P 500 and Nasdaq both hit record highs. However, this rally notably lacks breadth, with gains largely concentrated in mega-cap tech stocks.

UBS analysts noted that in the six weeks leading up to May 15, the market-cap-weighted S&P 500 outperformed its equal-weight counterpart by the largest margin in at least 35 years. Given that most of the market's value growth was fueled by AI-focused mega-cap tech stocks, UBS advised investors to reduce overly concentrated positions and guard against concentration risk.

UBS also stated that as earnings season draws to a close and market attention shifts back to the unresolved situation in the Middle East, the market could enter a period of temporary consolidation.

Ipek Ozkardeskaya, Senior Market Analyst at Swissquote Bank, said she has been monitoring the issue of market breadth. She noted that most of the gains are currently concentrated in a handful of tech companies that are "priced to perfection." "If anything goes wrong with their pricing logic, we could see a bubble-like collapse," she added. (Jin Shi)

According to Coinglass data, HYPE experienced $33.91 million in liquidations over the past 24 hours, including $31.82 million in short liquidations and $2.08 million in long liquidations, with the largest single liquidation amounting to $1.8 million. The 7-day average liquidation value remains at extreme levels. Today's Hyperliquid (HYPE) liquidations were primarily concentrated on Hyperliquid (45.11%), Binance (30.35%), and Bybit (6.24%), indicating a significant concentration of active leveraged trading on these exchanges.

Odaily Odaily News According to on-chain analyst Yu Jin, HYPE's largest short, loracle.hl, has incurred an unrealized loss of $25.9 million: He opened a short position of 1.82 million HYPE ($108 million) at a price of $45.1, with the latest liquidation price at $68.8. HYPE's largest long, on the other hand, has an unrealized gain of $28.64 million: He opened a long position of 1.38 million HYPE ($82 million) at a price of $38.6 last November, and has held the position for 7 months.

Odaily reports, according to OKX market data, HYPE has broken above 60 USDT to set a new all-time high, currently trading at 59.844 USDT, with a 24H increase of 16.15%.

Odaily reported that a16z Crypto published an article exploring the fundamental contradiction between blockchain “censorship resistance” and “low latency,” pointing out that any Byzantine Fault Tolerant (BFT) blockchain protocol with censorship resistance, where more than one-fifth of validators could be malicious, requires at least 5 rounds of communication for its optimal good-case latency, whereas traditional BFT consensus only requires a minimum of 3 rounds.

The article notes that in traditional BFT protocols, the block proposer holds the power for both block construction and consensus progression, allowing them to censor by excluding specific transactions. This is also a major source of the MEV problem. To address this issue, Ethereum is researching FOCIL / EIP-7805, while Solana is exploring mechanisms like Constellation and MCP. The core idea behind these approaches is to have validators proactively collect "Inclusion Lists" of transactions that cannot be ignored before a block is formally proposed.

a16z Crypto states that achieving censorship resistance requires two additional rounds of communication: first, user transactions must be broadcast to all validators, and then the validators need to confirm and write these into an inclusion list before the consensus process can begin. Therefore, in a partially synchronous network environment, there is no protocol design that can achieve both BFT and censorship resistance in just 4 rounds; 5 rounds represent the mathematical lower limit.

The article emphasizes that while a censorship-resistant mechanism increases protocol latency, it can significantly reduce the "effective latency" users actually experience. In a system lacking censorship resistance, transactions may be indefinitely delayed due to validator censorship. Conversely, in a system with censorship resistance guarantees, transactions will be included in a block within a maximum of 5 rounds of communication, making transaction confirmation times more predictable.

Odaily reported that according to Onchain Lens monitoring, just as HYPE reached an all-time high, a newly created wallet withdrew 198,535 HYPE worth $11.62 million from Bybit.

Odaily reported that according to OKX market data, HYPE broke through 59.8 USDT to hit a new all-time high, currently trading at 59.548 USDT, with a 24-hour increase of 16.15%.

Odaily Planet Daily News: Asset tokenization platform Securitize is advancing a business combination with Nasdaq-listed SPAC Cantor Equity Partners II (CEPT), with plans to list on Nasdaq through this move. Securitize founder and CEO Carlos Domingo stated that the company has achieved profitability in the asset tokenization space by establishing partnerships with multiple financial institutions. It will leverage the SPAC transaction to accelerate expansion, enabling the issuance and trading of digital tokens representing a broader range of assets beyond stablecoins. (SPACInsider)

Odaily reports that the position size of Bitcoin long-term holders continues to rise, currently increasing to approximately 16.3 million BTC, nearing historic highs and significantly breaking the downtrend that had persisted for about 2.5 years.

Bitcoin long-term holders are typically defined as investors holding coins for over 155 days. Since Bitcoin hit an all-time high of around $126,000 in October 2025, their holdings have increased from approximately 14.12 million BTC to the current level, adding about 200,000 BTC in the past month alone.

Historically, this metric only approached a higher level (approximately 16.4 million BTC) in January 2024, just before the launch of Bitcoin spot ETFs in the United States. Subsequently, as the market rallied, long-term holders reduced their positions by a cumulative total of about 2 million BTC over several months.

Analysis indicates that during typical bear markets or price correction phases, long-term holders usually re-enter an accumulation cycle. Current data suggests this group has shifted from distribution back to sustained accumulation, implying that 'smart money' is flowing back into the market during periods of Bitcoin price pressure. (CoinDesk)