24H Hot Coins & Headlines｜US-Iran Agreement Text Enters Final Polishing Stage; SpaceX Officially Files IPO (May 21)

1. Popular Tokens on CEX

Top 10 CEX Trading Volume and 24-hour Changes:

• BTC: +1.61%
• ETH: +1.67%
• ZEC: +17.56%
• SOL: +2.94%
• XRP: +1.81%
• BNB: +2.19%
• SUI: +8.1%
• EDEN: +54.01%
• ALT: +10.57%
• DOGE: +1.88%

24-Hour Gainers (Data source: OKX):

• JTO: +32.1%
• PROS: +19.89%
• 2Z: +19.73%
• LIT: +19.41%
• DASH: +18.77%
• HYPE: +18.43%
• ZEC: +17.37%
• AVNT: +14.58%
• ZEN: +13.79%
• NEIRO: +13.09%

24-Hour Stock Gainers (Data source: msx.com):

• ORBS: 23.29%
• HIVE: 18.51%
• MX: 17.17%
• ARM: 16.42%
• ALAB: 16.19%
• APLD: 16.08%
• QUIK: 14.17%
• USAR: 13.3%
• FGNX: 11.88%
• AMC: 11.76%

2. Trending Memes On-Chain (Data source: GMGN):

• ETH: sato, uPEG
• Solana: HENRY, SpaceX
• BNB: CMC, Backhanded Possum

Headlines

US-Iran Agreement Text in Final Polishing Stage, Could Be Announced Within Hours

Odaily News Sources indicate that parties are working diligently on the final refinements of the agreement text between Washington and Tehran. The Pakistani Army Chief of Staff may visit Iran tomorrow to announce the completion of the final version of the text. If the visit does not occur, the final version could be announced within hours. The next round of negotiations will be held in Islamabad after the Hajj season. Following this news, US and Brent crude oil prices briefly fell over $1, while spot gold rose nearly $30 in short order, reaching a high of $4,502.89 per ounce. (Jin Shi)

Iran Confirms Receiving US Proposal, No Response Yet

Odaily News According to Iran's Tasnim News Agency, in response to Iran's 14-point proposal submitted three days ago, the United States has sent a new proposal to Iran. Iran is reviewing the proposal and has not yet replied. Pakistani mediators are attempting to help bridge the differences, but no final agreement has been reached yet. (Jin Shi)

Trump Digital Asset Advisor: US Bitcoin Strategic Reserve Announcement Expected Within Weeks

Odaily News Trump's digital asset advisor, Patrick Witt, stated that the Trump administration has cleared significant legal hurdles, and the announcement of the Bitcoin strategic reserve is expected within the coming weeks.

The US government has arranged everything, legally secured and properly protected these Bitcoins. The US government believes it should be part of the financial architecture, which is the strongest form of institutional endorsement. There is now a real opportunity to lead; many people might say banks actually need this legislation more than the crypto industry does. This will be the new architecture for the future financial system. If the US doesn't set the rules, it will have to follow someone else's rulebook.

SpaceX Formally Files for IPO, Offering Size and Valuation Undisclosed

Odaily News Musk's SpaceX has unveiled plans for its largest-ever IPO, providing investors with a comprehensive look at the company's financial details across its rocket launch, satellite broadband, and AI businesses. According to the prospectus filed Wednesday with the US Securities and Exchange Commission (SEC), the company reported sales of $4.7 billion and an operating loss of $1.9 billion for the first three months of this year. Musk will hold 85.1% voting power post-IPO. The company also plans to pursue mining operations on near-Earth asteroids. The filing also shows that Anthropic will pay SpaceX $1.25 billion per month until May 2029. While the offering size and proposed valuation remain undisclosed, media reports previously stated that SpaceX discussed raising approximately $75 billion at a $1.75 trillion valuation. SpaceX will list on Nasdaq under the ticker SPCX. (Jin Shi)

Goldman Sachs and Morgan Stanley Handling OpenAI's IPO Filing, Submission Possible as Early as Friday

Odaily News OpenAI has been working with investment banks to prepare for filing its initial public offering (IPO) in the coming days or weeks. Banks including Goldman Sachs and Morgan Stanley are assisting OpenAI in drafting the IPO prospectus. The company plans to confidentially submit documents to regulators soon, possibly as early as this Friday. Some sources indicate OpenAI aims to launch the listing by September at the earliest, though plans remain subject to change.

Earlier this week, OpenAI cleared a major hurdle on its IPO path, winning a legal dispute with co-founder Musk, who has since become CEO Altman's rival. Musk stated he plans to appeal the ruling. OpenAI still needs to overcome a series of other challenges, most notably concerns about its ability to generate sufficient revenue to support its massive data center spending commitments. (WSJ)

Anthropic Funding Documents Disclose: Q2 Revenue Estimated at $10.9 Billion, First-Time Operating Profit Expected

Odaily News According to a WSJ report, Anthropic's revenue is expected to reach $10.9 billion in the second quarter, more than doubling from $4.8 billion in Q1. The company is also projected to achieve operating profit for the first time. Due to its massive computational power needs, the company may not remain profitable for the full year; operating profit includes the costs of training new models but excludes stock-based compensation.

Anthropic disclosed these figures to investors as part of an ongoing funding round, which could push its valuation above that of OpenAI.

Last summer, Anthropic shared financial data with investors, indicating the company might not achieve full-year profitability until at least 2028.

Previously, the Financial Times reported that Anthropic is considering raising tens of billions of dollars this summer to fund a massive expansion of computing power; sources estimate the new round's pre-money valuation at around $900 billion, with a fundraising target of up to $50 billion, potentially closing within two months.

Industry News

Elon Musk: SpaceX Discussing Similar Compute Services with Other Companies Like Anthropic

Odaily News Elon Musk stated in a post on X that, as demonstrated by the recently expanded partnership with Anthropic, SpaceX is offering "AI compute as a service" on a significant scale.

SpaceX is also in talks for similar collaborations with other companies. Over time, especially with the gradual deployment of orbital data centers, SpaceX expects to serve AI at an enormous scale.

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

Samsung Signs Tentative Wage Agreement with Union

Odaily News Market sources: Samsung has signed a tentative wage agreement with its union. The union leader apologized for causing public concern and pledged to do everything possible to stabilize labor relations at Samsung. (Jin Shi)

Alibaba's Qwen Model Qwen3.7-Max Released

Odaily News At the Alibaba Cloud Summit, the Qwen3.7-Max model was released, featuring improvements in core model capabilities such as language understanding and generation, logical reasoning and computation, knowledge base and general knowledge, and instruction following and alignment. It supports multiple Harness frameworks. (Jin Shi)

Truth Social Withdraws Three Crypto ETF Applications

Odaily News Yorkville America, the asset management company behind Trump's Truth Social, announced the withdrawal of three crypto ETF applications previously submitted to the SEC. These involved the Truth Social Bitcoin ETF, the Bitcoin & Ethereum ETF, and the Crypto Blue Chip ETF.

The company stated it is shifting from the Securities Act of 1933 framework to the Investment Company Act of 1940 framework to offer more innovative products with stronger investor protection and tax advantages, but did not explicitly state whether it would continue pursuing crypto ETFs under the new framework. (Cointelegraph)

Project News

Polymarket Files to List Sports Event Parlay Contracts in the US

Odaily News Prediction market provider Polymarket filed a self-certification document with the U.S. Commodity Futures Trading Commission (CFTC) on Wednesday, seeking to list sports event parlay contracts (multi-condition combination prediction contracts) in the US. Polymarket stated that the product comprises two or more underlying sports event contracts. The contract settles at $1 only if all set sub-event outcomes are realized; otherwise, it expires worthless. The filing indicates listing not earlier than May 21, 2026. Another document shows Polymarket requested the CFTC to keep related exhibits confidential due to trade secrets. (CoinDesk)

Copper Seeks to Sell Company at ~$500M Valuation, Cantor Fitzgerald Assisting Sale

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

HYPE Breaks $55, ~7% Away from All-Time High

Odaily News According to OKX market data, HYPE broke through $55, currently trading at $55.1, up over 15% in 24 hours.

HYPE's all-time high is $59.5, meaning its current price is approximately 7.4% away from that peak.

WLFI Treasury Company AI Financial Reports $271.5M Net Loss in Q1 2026, Going Concern Risk

Odaily News AI Financial, the treasury company for WLFI, reported a net loss of $271.5 million in Q1 2026, compared to a loss of $2.4 million in the same period last year. As of March 28, the company had a working capital deficit of approximately $5.5 million, total liabilities of $391,000, and total assets of $322,000, raising substantial doubt about its ability to continue as a going concern within one year.

As the WLFI treasury company, AI Financial held 7.3 billion WLFI tokens as of March 28, valued at $703.4 million, down one-third from over $1 billion at the end of last December, resulting in an unrealized loss of $348.3 million. The company's cost basis for these tokens was nearly $1.46 billion. Additionally, the company borrowed nearly $15 million from WLFI in January. Its stock closed down nearly 6.3% on Tuesday at $0.85. (Cointelegraph)

Lighter Completes L2 'Escape Mechanism' Verification, Users Can Withdraw to Mainnet Even if Sequencer Fails

Odaily News Lighter's official X account announced the completion of an 'escape mechanism' verification conducted by third-party L2BEAT. This means that even if the sequencer on Layer 2 fails, users can permissionlessly withdraw funds from Lighter's L2 back to Ethereum, making it the first L2 Perp DEX in the industry to achieve this functionality.

Multiple Bankr User Wallets Drained, Involving Unauthorized Transaction Signatures from Grok and Bankrbot Interaction

Odaily News According to monitoring by SlowMist's Cos, multiple Bankr user wallets were drained. @bankrbot responded, stating the incident was a social engineering attack targeting the trust layer between automated agents, specifically involving interactions between Grok and Bankrbot, leading to unauthorized transaction signatures.

Fundraising

Mouro Capital Fund Closes $400M Fundraise, to Invest in AI and Blockchain

Odaily News Santander's fintech venture capital fund, Mouro Capital, announced the first close of $400 million for its third fund, with Santander Bank as the investor. The fund will prioritize investments in areas like AI and blockchain, capital markets, and wealth management, targeting the deep intersection of financial services, AI, and enterprise software. Mouro Capital previously invested in DeFi platform M^ZERO. (Ventureburn)

Exa Labs Raises $250M in New Funding Round Led by a16z

Odaily News AI search startup Exa Labs has raised $250 million in a new funding round led by a16z, achieving a post-money valuation of $2.2 billion. The company focuses on building AI-era search engine infrastructure. Its valuation has more than tripled since its ~$700 million level last fall. Industry experts believe that with the acceleration of AI adoption, the traditional search landscape dominated by Google may be reshaped. (Bloomberg)

Fintech Company Mercury Raises $200M, a16z and Sequoia Capital Participate

Odaily News Fintech company Mercury announced a $200 million new funding round led by TCV, with participation from Sequoia Capital, Andreessen Horowitz (a16z), and Coatue Management.

Mercury provides banking services primarily to startups. It currently serves over 300,000 clients and generates approximately $650 million in annualized revenue. The company stated that the recent AI startup