Mysten Labs Co-Founder: This Year We Will Launch Privacy Transactions Based on SUI, Enabling Large-Scale Feeless Private Payments
On May 11, Adeniyi Abiodun—Co-Founder and Chief Product Officer of Mysten Labs, the team behind the Sui blockchain—announced in a post on X that Sui will roll out confidential transactions this year to enable large-scale, feeless, privacy-preserving payments.
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The Federal Reserve is set to welcome its 17th Chair, Wash expected to take office this week
May 11 — The Federal Reserve is set for a key leadership transition this week: Senate confirmation of Chair-designate Kevin Wash is expected Monday, with Wash officially taking over from Jerome Powell on May 15.
Once confirmed, Wash could pursue sweeping reforms. At last week’s hearing, he called for scrapping the Fed’s “dot plot” and reassessing its forward guidance framework — signaling a fundamental overhaul of the core framework that has underpinned global asset pricing for 15 years. Stock, bond, and foreign exchange markets may see their pricing logic fully restructured.
A staunch, consistent AI optimist, Wash explicitly stated at the end of 2025 that AI is a powerful structural force for de-inflation. In his view, the productivity surge from AI can let the economy grow rapidly without necessarily pushing up inflation. He also lauds blockchain as the “latest and most disruptive foundational software,” arguing the U.S. must retain leadership in the space to sustain long-term
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OpenAI has unlocked employee stock sales, ushering in the AI wealth effect.
**Breaking: OpenAI Employees Cash In Up to $30M Each Amid AI Boom, WSJ Reports (via Boson Insight)**
New York — OpenAI recently let employees sell up to $30 million in shares per person during a funding round, making them early beneficiaries of the artificial intelligence (AI) boom, *The Wall Street Journal* reported, citing monitoring from Boson Insight (https://t.me/OneMillion_AI).
Last October, more than 600 current and former OpenAI staff collectively cashed out $6.6 billion in share sales, per the outlet.
Sources familiar with the matter told the Journal that roughly 75 employees sold their full $30 million allocation. Some of these individuals donated remaining shares to Donor-Advised Funds (DAFs) — charitable investment accounts that let donors direct funds to nonprofits while claiming corresponding tax deductions in the same year.
The share sales signal a wave of capital set to flood San Francisco and other tech hubs, according to the report.
OpenAI and rival Ant
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Strategy CEO: Software Business Sees Strong Growth in Q1, Further Enhancing the "Finance + Software" Dual-Engine Model
May 11, 2026 — Strategy CEO Phong Le announced the company posted its strongest financial performance in Q1 2026, marking its best quarter in a decade. Highlights include 12% year-over-year revenue growth, a 59% jump in cloud business, and a 27% rise in controllable profit margin—all of which will fund its Bitcoin treasury operations.
Over the past six years, the firm has shifted toward becoming a Bitcoin treasury enterprise while continuing to upgrade and expand its core software business.
Today, Strategy employs roughly 1,500 people, serves more than 3,000 customers and 500,000 active users, and counts nearly half of the Fortune 500 among its clients—including organizations in finance, healthcare, retail, and government. It operates in 25 countries worldwide and maintains enterprise-grade capabilities via compliance frameworks (SOC 2 Type 2, ISO 27001, FedRAMP, and multiple data/security certifications) to drive long-term stable growth.
Meanwhile, the company is ramping up A
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Founder of 10x Research: Bitcoin Expected to Reach $88,000 Target Price
On May 11, 10x Research founder Markus Thielen took to social media to note:
“Bitcoin is rallying, driven primarily by spot demand rather than leverage. This dynamic is healthier than the crowded long positions seen early in the cycle. ETFs continue to see inflows, mining-related stocks have surged, and options markets are pricing in a brighter outlook.”
More notably, two key catalysts this week are bolstering Bitcoin and the broader altcoin market. Amid rising trading volumes and steady fund inflows, our $88k Bitcoin price target remains within reach.
Total crypto market capitalization currently sits at $2.69 trillion—up 2.7% week-over-week—while average weekly trading volume stands at $123 billion, 2% above recent averages.
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President Trump will pay a state visit to China from May 13 to 15
May 11 (Wednesday) — CCTV News reported that a Chinese Foreign Ministry spokesperson announced U.S. President Donald Trump will make a state visit to China May 13-15.
### Notes on American English conventions used:
1. **Concise date formatting**: Uses "May 11 (Wednesday)" (adding weekday for clarity, omitting unnecessary "th" in dates like "May 13-15").
2. **Simplified titles**: Replaces "the President of the United States, Donald Trump" with the common shorthand "U.S. President Donald Trump".
3. **Natural phrasing**: Swaps "pay a state visit" for the equally common "make a state visit" (both standard, but "make" feels slightly more conversational in U.S. news); uses "a Chinese Foreign Ministry spokesperson" (indefinite article "a" is natural here, as it refers to *one* spokesperson, not a specific named individual).
4. **Tight structure**: Removes redundant commas and streamlines clauses for readability (key for quick news alerts).
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