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Iranian Media: Two or Three Provisions Still Have Differences in US-Iran Understanding Memorandum

46 minutes ago

May 24 — Disagreements persist on two or three clauses in the Memorandum of Understanding (MOU) between Iran and the U.S., according to Iran’s Tasnim News Agency. A final MOU will not be reached if the U.S. keeps creating obstacles.
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El Salvador Continues to DCA into Bitcoin: Accumulated an Additional 8 BTC in the Past 7 Days, Increasing Total Holdings to 7,661.37 BTC

May 24 — El Salvador added 8 Bitcoins over the past week, pushing its total holdings to 7,661.37 BTC, with a combined value of over $588 million, per data from its Ministry of Finance.

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China's AI Sector Received Over 110 Billion Yuan in Funding in the First Quarter, with Skyrocketing Investment in Domestic Large Models

May 24 — The artificial intelligence venture capital market in China has experienced a notable upswing recently, according to a report from CCTV Finance. This month alone, domestic large-scale AI models including Dark Side of the Moon and Step Sky secured more than 30 billion yuan in funding. Embodied intelligence has also become a key focus for investors, with firms like Wevity Dynamics and Lu Ming Robotics raising billions of yuan within a single week. Venture capital figures show China recorded nearly 600 artificial intelligence investment deals in the first quarter, totaling over 110 billion yuan — a year-over-year surge of 185.4%. After securing funding, most Chinese AI startups are allocating their capital to three primary areas. First is research and development: top large model companies plan to invest tens of billions in R&D by 2025, a sum that far outpaces their current revenue. Second is computing power, with GPU purchases and cloud service rentals making up 30 to 50% of t

5 minutes ago

HYPE's Largest Long and Short Positions Face Off: A Whale's Long Position Enjoys Unrealized Gains of Over $33.3 million, While Loracle's Short Position Faces Unrealized Losses of Over $31.4 million

On May 24, monitoring by Onchain Lens shows HYPE surged past $63 to hit a brand-new all-time high. Whale address 0x082 holds a long position in HYPE, generating over $33.3 million in current unrealized gains. Meanwhile, Loracle (@loraclexyz) is now facing more than $31.4 million in unrealized losses from its short position on HYPE.

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Tom Lee: Further Upside Potential for US Stocks by Year-End, Overall Fundamentals Strong

May 24 — Tom Lee, chairman of BitMine (the largest Ethereum treasury), told CNBC in an interview that the U.S. stock market’s underlying fundamentals remain strong, showing resilience amid rising oil prices and climbing yields. Lee noted the U.S. economy has unique strengths: leadership in AI technology, relative energy independence, and robust consumer resilience. “Compared to the start of the year, U.S. stocks still have significant upside potential by year-end,” he said. “We’ll need to digest some headwinds later this year, but fundamentals are healthy now and backed by corporate earnings.” He pointed out that large IPOs from AI firms like OpenAI and SpaceX could generate a trillion-dollar wealth effect, boosting consumption and market momentum later this year. At the same time, Lee warned that a surge in major IPOs and lock-up expirations throughout 2024 will add extra supply pressure on U.S. stocks. On the AI and semiconductor sectors, Lee clarified they are not in a bubb

5 minutes ago

The next round of talks between the US and Iran could take place on June 5.

May 24 (Xinhua) — A source revealed to Saudi Arabia’s Al Arabiya TV on May 24 that the next round of talks between the United States and Iran may take place on June 5.

5 minutes ago

HYPE Surges Above $63, Setting a New All-Time High

May 24: HTX market data shows HYPE briefly surged past $63, is currently trading at $62.84, has notched a 12.6% gain in the past 24 hours, and hit a fresh all-time high.

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