Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

May 30. Bank of America Securities’ latest research note notes that the unusual disconnect between global stock markets hitting all-time highs and traditional macroeconomic fundamentals stems entirely from corporate profit forecasts. The MSCI Global Index’s 12-month forward earnings per share (EPS) has climbed 9% over the past three months, translating to an annualized growth rate of nearly 40%. The S&P 500’s three-month EPS momentum has jumped to 12%—its highest level in four decades. Yet, the global Purchasing Managers’ Index (PMI) has kept falling to a two-year low of roughly 50.5. Even more crucially, roughly two-thirds of this latest round of earnings upgrades are tied to rising profit margin forecasts, with forward 12-month consensus profit margins hitting all-time highs of 13.9% in Europe and 11.4% globally, respectively. Bank of America frames this gap as analogous to China’s 2001 WTO accession: at that time, over a billion workers joined the global economy, crimping the barga

On May 30, a member of Iran’s parliament’s presiding board named Salimi announced that Iran’s plan to assert sovereignty over the Strait of Hormuz will be approved by the parliament and is set to become a permanent law. According to Salimi, only Iran and Oman have the right to decide how to manage the strategic waterway. Iran has held talks with Oman, which has given preliminary approval; the plan is expected to be finalized soon. On May 28, U.S. President Donald Trump weighed in on the potential joint management of the Strait of Hormuz by Iran and Oman. Trump said Oman “will behave well” and rejected any such arrangement, adding, “Otherwise, we will have to bomb them. No one can control the strait. The strait will be open to everyone.” The U.S. will “closely monitor this matter,” Trump noted. “Oman will act like other countries; otherwise, we will have to bomb them. They understand that, so there won’t be an issue.”

May 30 – Peter Berezin, Chief Global Strategist at BCA Research, analyzed that the current AI bubble is primarily a profit bubble rather than a traditional valuation bubble. Unlike many past stock market bubbles defined by sharp spikes in price-to-earnings (PE) ratios, AI-related sectors – especially the semiconductor sector – boast relatively reasonable valuations right now. The catch? Profit expectations are overly optimistic and unsustainable. Berezin highlighted a historical parallel: ahead of the 2008 financial crisis, real estate and banking sectors appeared to have low PEs but rested on unsustainable profit surges. Once profits failed to materialize, those bubbles burst. He noted semiconductor sales are growing parabolically, and current AI demand indicators do not point to an imminent bubble collapse – though he emphasized all bubbles ultimately end. Most notably, Berezin urged investors not to overrely on Wall Street analysts’ profit forecasts. In past cycles, stock prices h

On May 30, Blockaid monitoring detected an attack on the Alephium TokenBridge Ethereum cross-chain bridge. The attacker took control of 3 out of 4 Guardian keys, forged a VAA (Verification Authorization Message), and executed the attack in about 7 minutes, siphoning approximately $815,000 in assets. The attacker minted 13.76 million wrapped ALPH tokens out of thin air, an amount surpassing 100% of the circulating supply before the attack, while unlocking and transferring out assets including USDT, USDC, WBTC, and WETH from the custody pool. Currently, the attacker’s address still holds roughly $815,000 in stolen assets plus 13.76 million uncollateralized wrapped ALPH tokens.

May 30 — Self-proclaimed "Stock God" Serenity, a high-profile senior trader on Reddit’s WallStreetBets (WSB) forum, published an analysis piece breaking down the latest Foxconn shareholders meeting news and strongly recommended Foxconn’s subsidiary, ChipTech Holdings. Per the meeting, Foxconn’s Co-Packaged Optics (CPO) switches are confirmed to start shipping in Q3, with a target of 10,000 units shipped in 2026. The company aims to become a global leader in the CPO space and projects explosive growth next year. Serenity specifically noted that ChipTech Holdings is Foxconn’s division responsible for advanced optical operations, adding that these order volumes haven’t been fully reflected in Foxconn’s financial reports yet but are likely to show up in the second half of the year. He frames this positioning as ahead of the next AI hardware super cycle, calling it the next big opportunity in the AI sector. BlockBeats Note: Serenity is a highly influential WSB trader, with a cumulative in

May 30 — OpenAI has held discussions with Citigroup, JPMorgan Chase, and other firms about joining its upcoming initial public offering (IPO), according to sources familiar with the plans. Citigroup and JPMorgan could team up with Goldman Sachs and Morgan Stanley to underwrite the listing, though negotiations with the two banks do not guarantee their final participation, and additional investment banks may still sign on. This comes after a May 21 report that OpenAI planned to confidentially submit its IPO application to U.S. regulators soon, with Goldman Sachs and Morgan Stanley assisting in drafting the offering prospectus. While some sources have suggested OpenAI aims to go public as early as September, the timeline remains fluid and subject to change due to ongoing uncertainties.