「NVIDIA Challenger」 Cerebras to List Next Week, On-chain Pre-IPO Price Surges 17.8% in 24 Hours, Breaking $290
Cerebras, the AI chipmaker dubbed a "NVIDIA challenger," is set to go public on May 14 under the ticker CBRS. Its IPO price range is $115 to $125 per share, with a $3.5 billion fundraising target at the top end of that range.
In January, OpenAI signed a $10 billion-plus cooperation deal with Cerebras and holds warrants to purchase over 33 million shares.
Cerebras’ chip stands out for occupying an entire silicon wafer’s surface—unlike traditional chips, which typically have dozens etched onto the same wafer. Its single wafer-level design packs 400 trillion transistors and roughly 900,000 AI-optimized cores, plus up to 44 GB of on-chip memory and 21 PB/s of memory bandwidth—thousands of times better than GPUs. This design eliminates the inter-chip communication bottleneck of traditional setups, making it ideal for large-scale AI training and inference, including trillion-parameter models.
On Hyperliquid chain’s perpetual DEX Trade.xyz, Cerebras’ pre-IPO price has surged 17.8% in
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Circle Developer Fund is now open for applications
On May 9, Circle’s Layer 1 blockchain Arc announced its Developer Grant Program is now accepting applications.
The program will fund high-quality teams to build production-grade systems on the Arc network, leveraging USDC (Circle’s stablecoin) and the Circle Developer Platform. Key focus areas include payments, treasury management, foreign exchange, and the agentic economy.
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Multiplier RWA Boosts ONDO to Lead Market, DTCC Tokenized Asset Trading to Launch in July
May 9th — Per HTX market data, Ondo Finance’s native token ONDO led gains in the market Wednesday. As a real-world asset (RWA) tokenization DeFi platform, the surge is backed by several recent bullish developments, with the most notable being an announcement from the Depository Trust & Clearing Corporation (DTCC) earlier this month.
The DTCC announced the formation of an industry working group, selecting Ondo to help advance tokenization in U.S. capital markets. The firm also plans to launch limited trading of tokenized assets in July. Ondo will collaborate with traditional and decentralized finance (TradFi/DeFi) players including BlackRock, Goldman Sachs, JPMorgan Chase, Franklin Templeton, Morgan Stanley, Bank of America, Citadel Securities, NYSE, Circle, Fireblocks and Robinhood on the initiative.
On the business front, Ondo Global Markets has expanded its tokenized U.S. stock and ETF offerings to over 260 assets—primarily targeting non-U.S. investors—with cumulative tokenized
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The Beijing Court in China has disclosed a virtual currency-related "Open-Box" case, where the main perpetrator illegally obtained over 900 million pieces of personal information and was sentenced to 7 years in prison.
On May 9, Beijing’s Haidian District People’s Court announced rulings in a virtual currency-linked case involving the illegal acquisition and trafficking of citizens’ personal information.
From 2023 to 2025, defendants Lin and Wang illegally obtained personal data on over 600 million individuals (Lin) and 300 million individuals (Wang) via encrypted messaging tools, then sold the information for profit using virtual currency payments.
In 2025, the pair (along with another Wang, handled separately) launched a "social engineering database" website containing more than 170 million personal information records. They illegally provided the data through the site over 1,300 times, with the platform receiving over 100,000 accesses.
Also in 2025, Lin and others (a separate case) created an encrypted communication group, served as administrators, and posted illegal content including privacy violations and insults. The group had more than 2,000 members.
The court found Lin and Wang gu
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ZEC Surges Above $600, Trader Loracle's Long Position Profits Over $7.7 Million
May 9th — Per HyperInsight monitoring, ZEC saw another surge this morning. On Hyperliquid, its current price is $618, representing an 8% increase over the past 24 hours.
The biggest beneficiary of this rally is on-chain trader Loracle, whose long position gains have continued to climb alongside the market, hitting $7.7 million as of press time.
Reportedly, this position was opened with 10x leverage on April 24 when ZEC was trading around $340. Since then, Loracle has consistently added to the position, boosting the long position size to $20.7 million with an average entry price of $387. Loracle currently holds the largest on-chain ZEC long position and has not yet taken profits.
Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae
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A whale investor heavily bought into the storage memory sector, with a total position value of $12 million.
On May 9th, OnchainLens data indicates that the whale wallet "0x3Ed" deposited $2.668 million in USDC to HyperLiquid and opened 20x leveraged long positions on two ETFs: the iShares MSCI South Korea ETF (EWY) and the Memory ETF (DRAM).
Currently, the whale maintains long positions in Micron Technology (MU) and SanDisk (SNDK), with a total notional value of $12 million and an unrealized profit of $848,000.
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