Caixin: Asset Disposal of 60,000 Bitcoins in the Qian Zhiping Money Laundering Case Stuck

May 10 – Iran has delivered its response to a U.S. proposal to end the war via Pakistan, according to the Islamic Republic News Agency (IRNA). The current phase of negotiations will focus on ending the conflict, per the proposed plan. (FX168)

On May 10, as Bitcoin climbed above $80,000, the probability of it rebounding to $100,000 this year on Polymarket rose to 49%—up from 30% on April 5. Additionally, the odds of BTC hitting $90,000 within the year now stand at 71%, while the chance of it falling to $50,000 is 36%.

**May 10** Sonali Basak, Chief Investment Strategist at iCapital, told CNBC in an interview that the market still has room to climb, with the S&P 500 trading in a fair range of 7,500 to 7,800 points—though she emphasized the current phase calls for enhanced downside hedging. Corporate earnings continue to grow, but there’s limited room for further multiple expansion, and the market faces elevated uncertainty in the second half of the year. Liquidity tailwinds that previously supported the rally are fading, including AI capital expenditures, large IPOs, government financing needs, and private credit competition—all of which could pressure the market. The market’s tolerance range for the 10-year U.S. Treasury yield is roughly 4% to 4.5%, Basak noted. A rise to 4.8% would push it into a “danger zone,” where volatility and drawdown risks could spike sharply. She added bonds and commodities in the traditional 60/40 asset allocation haven’t effectively hedged risks, driving more inve

On May 10th, MicroStrategy founder Michael Saylor released new information related to its Bitcoin Tracker. Per past practice, the company typically discloses details of its Bitcoin accumulation on the day following such an announcement. ### Notes on American English adjustments: 1. **Institutional clarity**: Used "MicroStrategy" (the full name of Saylor’s firm, standard in U.S. business context) instead of vague "Strategy." 2. **Natural phrasing**: - "Per past practice" (common in U.S. news) replaces "According to the previous pattern." - "Typically discloses" (more accurate than absolute "always") reflects real-world corporate behavior. - "Details of its Bitcoin accumulation" (concise) replaces the redundant "Bitcoin accumulation information." 3. **Tone**: Casual yet professional, matching U.S. financial news brevity (removed HTML line breaks, streamlined for readability).

**May 10: VanEck’s Sigel Forecasts Bitcoin Retesting ATH in 12 Months** VanEck Digital Asset Research Director Matthew Sigel told CNBC Wednesday (May 10) he expects Bitcoin to retest its all-time high within the next 12 months. Citing BTC’s near 5-year high correlation with the Nasdaq, he noted the U.S. stock market’s resilience is fueling the current rebound. However, derivatives markets show little significant optimism—futures and options activity mostly reflects short covering and hedging demand, leaving room for downside potential from a contrarian perspective. Sigel also highlighted a central bank’s 2024 announcement that it will add Bitcoin to its foreign exchange reserves, framing this as a sign BTC is gradually evolving into a global asset for large-scale cross-border settlements (a “major trend,” he emphasized). On investment outlooks: - Optimistic about Bitcoin’s rising market dominance; - Mining firms are key beneficiaries of AI infrastructure integration—gro

As of May 10th, per 8 Market data, Bitcoin’s market cap stands at $1.617 trillion — surpassing Tesla (market cap: $1.608 trillion) — and now ranks 12th globally by asset market capitalization.