The popular AI framework Virtuals Protocol will host an in-person meet-up in Hong Kong on Friday, January 17.

On May 11, LookOnChain monitoring data shows a dormant Bitcoin wallet—idle for over 12 years—has transferred out all 500 BTC (valued at $40.62 million) just four hours ago. The wallet’s average BTC purchase price was roughly $914, netting the holder an estimated $40.17 million in realized profit—an eye-popping 88x return on investment (ROI).

On May 11, per ChainInfo: The "BTC OG Insider Whale"—which faced a $230M liquidation on Hyperliquid in February—has transferred all 577,000 ETH (valued at ~$1.351B) to Binance in 4 days. The final 225k ETH (~$528M) was sent to the exchange 5 hours ago. They still hold 11,500 BTC (~$934M) in their on-chain wallets.

May 11 — Per HTX market data, mainstream tokens like Bitcoin are rallying again, driving previously oversold altcoins to extend their rebound. Notable movers include: - OSMO: Up 49% in the past 24 hours, now trading at $0.0504 - SUI: 26% gain over the last 24 hours, current price $1.349 - LAYER: 24% increase in 24 hours, now at $0.1247 - Binance Life: 19% up in the past day, trading at $0.4582 - Fan tokens PSG and OG: Both rose over 13% in the past 24 hours

On May 11, former President Donald Trump said Iran’s latest response to the peace proposal is unacceptable. Iran has stated it rejected the U.S. proposal and will not craft a plan to appease the U.S. In response, WTI crude oil opened 3% higher on Monday, spot gold dropped to $4,680, silver fell 1%, and U.S. stock index futures were down roughly 0.3%. Per HTX market data, Bitcoin surged to $82,000 again this morning, posting a 1.59% 24-hour gain.

**Cerebras Systems to Boost IPO Size, Price Amid Sizzling AI Chip Demand** Cerebras Systems is poised to raise the size and price of its initial public offering (IPO) as early as Monday, Bloomberg reported Wednesday, citing people familiar with the matter—amid surging investor interest in its specialized artificial intelligence (AI) chips. The AI chipmaker now plans a new IPO price range of $150 to $160 per share, up from its prior $115–$125 range, and will increase share count to 30 million (from 28 million). At the upper end of the new range, Cerebras would raise roughly $4.8 billion—well above its original $3.5 billion target. Sources added that IPO orders have exceeded available shares by 20x, as the company looks to tap sky-high demand ahead of its May 13 pricing date. Unlike industry-standard GPU chips (dominated by Nvidia for AI model training), Cerebras’ chips are optimized for AI inference. This marks the firm’s second IPO attempt: it first filed in 2024 but withdr

On May 11, per HTX market data, SUI has topped $1.20 and is currently trading at $1.24, with a 24-hour price gain of over 18%.