Gate.io Launches INIT Perpetual Contract Pre-trading

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%.

On May 11, per GMGN market data (via https://gmgn.ai/bsc/token/i_m4TE56o8_0x924fa68a0fc644485b8df8abfa0a41c2e7744444), Binance Life—a meme coin built on the BSC ecosystem—has surged more than 21% over the past 24 hours. Its current market capitalization stands at $456 million.

May 10th — Analyst Yashu Gola noted the ETH/BTC exchange rate has fallen over 35% in the past year, with the current trend mirroring a bearish structure from 2024 to 2025, signaling potential further downside. From a technical standpoint, the ETH/BTC pair has traded below a downtrend line since 2022, with multiple failed breakout attempts—one of which led to a nearly 70% drop afterward. In August 2025, it re-tested this trend line, hit resistance, pulled back, and dropped below the 20-month EMA support near 0.034 BTC, indicating sustained bearish dominance. If weakness persists, the next key downside level is around 0.0176 BTC—representing a 40% potential drop from current levels, matching the 2020 cycle low zone. On-chain data shows ETH’s selling pressure risk is rising. CryptoQuant figures reveal that as of May, ETH balances on Binance have climbed to 3.62 million ETH, accounting for ~24.6% of total exchange ETH reserves, while BTC balances on Binance continue to decline. Typic

May 10 (Xinhua) — Iran has formally submitted its response to the latest U.S. proposal to end the war to mediator Pakistan, with the focus on ending the conflict and maritime security in the Persian Gulf and Strait of Hormuz, Iranian news agencies reported Wednesday. Iran’s Student News Agency noted the response centers on those two key priorities. The Islamic Republic News Agency, citing an informed source, confirmed the response was submitted to Pakistan in its mediator role. Pakistan’s Foreign Ministry spokesperson confirmed receiving Iran’s response on Wednesday and immediately forwarding it to the United States. Current negotiations will fully focus on halting hostile actions in the region, per the reports.