Dell rejects shareholder proposal to add Bitcoin to company coffers
Dell has formally rejected a shareholder proposal that would have added Bitcoin to its treasury. In a May 9 response letter, Dell said proposals that "dig into complex matters that prevent shareholders from making informed decisions and thus improperly micromanage the company" could be excluded. The proposal's statement of support exposed the proposer's attempt to micromanage management's discretion in managing the company's cash and structuring its investments, arguing that Dell should consider replacing some of its cash and bonds with assets that can outperform inflation, such as Bitcoin. But staff have previously pointed out that stipulating the form of a company's investments would improperly limit management's discretion in ordinary business matters. Whether it requires investment in cryptocurrency assets or divests such assets, the proposal improperly limits management and the board's autonomy in managing the company.
Latvian Economy Minister: Building a Strategic Bitcoin Reserve is “Just a Matter of Time”
According to crypto KOL @pete_rizzo_, Latvia’s Minister of Economy said that establishing a strategic Bitcoin reserve is “only a matter of time” and “I don’t think it will bring significant risks.”
According to Globenewswire, GD Culture Group Limited (NASDAQ: GDC) and its subsidiary AI Catalysis Corp. announced that it has entered into a common stock purchase agreement with a qualified investor of a British Virgin Islands limited liability company, providing for the company to sell up to $300 million worth of its common stock. The proceeds from the financing will be used to support the company's crypto asset funding strategy, including the purchase of Bitcoin and the official Trump coin (TRUMP). Under the plan, subject to certain restrictions, GDC plans to use a large portion of the proceeds from any share sale under the financing for acquisitions, long-term holdings, and integration of crypto assets into its core funding operations. It is reported that GD Culture Group Limited is a Nevada company whose main businesses include AI-driven digital human technology and live e-commerce business.
Moonshot announces the launch of IKUN ($IKUN)
Moonshot announced the listing of IKUN ($IKUN). The token runs on the Solana chain and currently has a market cap of $9.4 million and a 24-hour trading volume of $66.6 million.
According to on-chain analyst Ember’s monitoring, the FTX/Alameda address distributed and transferred 187,000 SOL (about 32.2 million U.S. dollars) redeemed from staking to 27 addresses 7 hours ago. According to previous records, most addresses that received SOL will subsequently transfer SOL to Coinbase or Binance. Since November 2023, the FTX/Alameda staking address has redeemed and transferred out a total of 8.218 million SOL (1.062 billion U.S. dollars) in the above method, with an average transfer price of 129 U.S. dollars. Currently, the FTX/Alameda staking address still has 5.205 million SOL (893 million U.S. dollars) pledged.
pump.fun official X account has unblocked the founder of Letsbonk.Fun and the developer of Raydium
According to @theunipcs, pump.fun's official X account has unblocked the founder of Letsbonk.Fun and the developer of Raydium.
The Blockchain Group Closes Over €22 Million in Funding to Accelerate Its Bitcoin Funding Strategy
According to Bitcoin Magazine, European listed company The Blockchain Group (ALTBG) completed two rounds of financing totaling more than 22 million euros in one week. On May 9, it raised 9.9 million euros through equity financing, with an issue price that was 61.7% higher than the 20-day average price. Investors included Tobam, Generali Ambition Solidaire, Jean-Marie Formigé, Quadrille Capital, EFG Bank, VP Bank, etc. On May 12, it issued 12.1 million euros of Bitcoin-denominated convertible bonds through its Luxembourg subsidiary, which was fully subscribed by Blockstream CEO Adam Back, and the issue price was 30% higher than the first conversion price. The funds will be used to strengthen Bitcoin holdings and develop subsidiary businesses such as data intelligence and AI. As a core member of "Bitcoin For Corporates", the company explores Bitcoin-centered capital structure innovations, including Bitcoin-denominated bonds and hard asset reserve strategies.
Moonshot announces the launch of CreatorBuddy ($BUDDY)
Moonshot announced the launch of CreatorBuddy ($BUDDY). The token runs on the Solana chain and currently has a market cap of $7.6 million and a 24-hour trading volume of $5.8 million.
A whale withdrew 4,677.7 WETH from Aave V3 and sold it for 11.52 million USDC
According to Onchain Lens, a whale extracted 4,677.7 WETH from Aave V3 and sold them at 2,463 USDC each in exchange for 11.52 million USDC. The whale bought these ETHs at 6.8 million USDC a month ago and has now made a profit of $4.717 million.
Ethereum’s next upgrade, “Fusaka,” may reduce L2 and validator costs
According to CoinDesk, following Ethereum's successful deployment of the Pectra upgrade last week, the network's core developers have turned their attention to the next major on-chain upgrade: Fusaka. Developers have begun planning for the next network upgrade, Fusaka, and have agreed to include an EIP called "PeerDAS," which could help the network support larger "blobs" of transaction data. PeerDAS, or Peer Data Availability Sampling, will allow validators to download partial data from "blobs" instead of the entire "blobs" to verify that the data has been posted to the network. In theory, PeerDAS can reduce Layer2 transaction costs and benefit institutions that run validators on the Ethereum blockchain. Fusaka is scheduled to go live by the end of 2025 and will eventually include a series of additional upgrades in addition to PeerDAS.
Moonshot announces the launch of LAUNCHCOIN
Moonshot announced the launch of Launch Coin on Believe ($LAUNCHCOIN). The token runs on the Solana chain and currently has a market value of $51.3 million and a 24-hour trading volume of $22.7 million.
According to Cointelegraph, the list of top holders of US President Donald Trump's Meme coin has been determined and they will undergo background checks to apply for dinner and "VIP tours" with the president on May 22. According to data provided by the project's leaderboard, as of May 12, the top 220 wallets held more than 13.7 million TRUMP tokens, worth about $174 million at the price at the time of publication. It is unclear whether any of these wallet holders will choose to apply and attend the Trump dinner event. A report from Bloomberg on May 7 pointed out that most of the token holders are located outside the United States, which raises potential security issues and conflicts of interest.
Dubai to Accept Cryptocurrency Payments for Government Services in Partnership with Crypto.com
According to Finance Magnates, the Dubai government has signed a cooperation agreement with the crypto platform Crypto.com, which will allow residents and businesses to use cryptocurrencies to pay for government services. The plan relies on Crypto.com's technical facilities to enable instant conversion of digital assets into dirhams and transfer to government accounts. Amna Mohammed Lootah, director of the Dubai Digital Payment System Regulatory Authority, said the goal is to make more than 90% of public and private transactions cashless by 2026. This move is an important part of Dubai's economic agenda D33 plan, which aims to consolidate its position as a global financial innovation center.
According to Onchain Lens, a whale once again deposited 10 million USDC into HyperLiquid, increasing its short positions on BTC, ETH, and SOL with 5x leverage. Its total deposits have reached 50.5 million USDC, its short position on BTC is worth more than $109 million, and the total value of all short positions is more than $230 million.
New York Mayor Eric Adams: Make New York the "Global Cryptocurrency Capital" of the World
According to Decrypt, New York Mayor Eric Adams announced on Monday that he would host the first New York Crypto Summit on May 20, vowing to make New York the "global cryptocurrency capital." Adams said at a press conference that blockchain technology can provide inclusive financial services to communities outside the traditional financial system, and New York is becoming the most important crypto innovation center outside of Silicon Valley. The summit aims to build a platform for political and business dialogue, bringing together industry leaders to discuss the application of digital assets in economic development and public services. Adams emphasized that New York focuses on the long-term value of blockchain technology rather than short-term speculation, and advocates the formulation of a regulatory framework that protects investors without stifling innovation. Adams emphasized that the city will be committed to cryptocurrencies for a long time and is not interested in short-lived trends such as Meme coins. Adams said that while the crypto industry believes that widespread adoption is inevitable, he emphasized the need to develop balanced regulation that is strong enough to protect investors but not so strict that it hinders innovation and growth. He said: "Our state should embrace a cryptocurrency and blockchain-friendly environment like New York City. Proper regulation can ensure safety, but excessive regulation can harm the industry-we don't want this to happen."
Coinbase to Join S&P 500 Index on May 19
According to Beincrypto, the cryptocurrency exchange Coinbase (NASDAQ: COIN) will be officially included in the S&P 500 index on May 19, replacing Discover Financial Services. This is the first pure crypto business company to be selected for the benchmark index. Coinbase became the first cryptocurrency-focused company to be included in the S&P 500 index. Previously, Capital One Financial acquired Discover Financial, and the transaction is expected to be completed soon after the final conditions are met. After the news was announced, Coinbase's stock price rose by more than 7% in after-hours trading.
Truth Social Denies Rumors of Launching a New Meme Coin
Truth Social denies rumors of launching a new meme coin.
Pump.fun officially launched the "Creator Revenue Sharing" mechanism today. From now on, 50% of the PumpSwap revenue generated by each token transaction will be returned to the token creator. Creators can receive 0.05% (5 basis points) SOL rewards for each transaction, which will accumulate significantly in the future. For example, a transaction volume of $10 million can bring $5,000 in revenue. All projects that are still on the Pump.fun trading curve or have graduated to PumpSwap have automatically started to earn revenue, and billing will begin today. Users can claim SOL rewards on demand at any time on the official website.
Former Aptos CEO Mo Shaikh said he still holds about 98% of APT and also holds SUI
Aptos co-founder and former CEO Mo Shaikh tweeted in response to community questions, saying that he still holds about 98% of APT tokens and that "everyone should allocate assets in the Move language ecosystem." When netizens joked that he would be "rich" if he held SUI, Mo also responded, "I have a lot of SUI now."
According to CoinDesk, Nasdaq-listed DeFi Development (code: DFDV) announced that it had purchased another 172,670 SOLs at an average price of $136.81, totaling approximately $23.6 million, increasing its Solana holdings to 595,988, with a market value of approximately $105 million. The company's stock price rose 20% at the opening on Monday and had risen 30% last Friday. Since DeFi Development transformed from Janover to focus on the Solana ecosystem last month, it has continued to deploy crypto assets and earn income through node staking.
Strategy purchased 13,390 bitcoins for $1.34 billion last week
The 8-K filing shows that Strategy purchased 13,390 bitcoins at an average price of $99,856 between May 5 and 11, 2025, with a total amount of $1.34 billion, funded by its ATM equity financing plan. As of May 11, the company held a total of 568,840 bitcoins, with a cumulative purchase cost of $39.41 billion and an average purchase price of $69,287. Michael Saylor said that the company has achieved a 15.5% bitcoin yield so far in 2025.
David Bailey and his Bitcoin native holding company Nakamoto have officially announced a merger with medical service provider KindlyMD (NASDAQ: KDLY), and will establish a public market Bitcoin Treasury through the merger. According to the official press release, the transaction raised a total of US$710 million, including US$510 million in PIPE financing and US$200 million in convertible bonds, making it the largest public crypto transaction PIPE financing to date. This PIPE financing attracted more than 200 institutions from six continents around the world, including Actai Ventures, Arrington Capital, Van Eck, and well-known Bitcoin figures such as Adam Back, Jihan Wu, and Balaji Srinivasan; the convertible bonds were exclusively subscribed by YA II PN, Ltd., a fund under Yorkville Advisors. David Bailey will serve as the CEO of the merged company and plans to build a global ecosystem with Bitcoin as the core, covering media, finance and consulting services. The company will accumulate Bitcoin through financial instruments such as equity and debt, and increase the Bitcoin Yield per share. KindlyMD's medical business will continue to be retained and its shares will still be traded on the Nasdaq. Last week, it was reported that David Bailey, who once provided Trump with crypto policy advice, plans to set up a Bitcoin investment company and intends to raise $300 million.
A whale injected $40.5 million into HypeLiquid in two days to short BTC, ETH and SOL
According to Onchain Lens monitoring, a giant whale injected $40.5 million USDC into the HypeLiquid platform in the past two days, and increased its short position of BTC, ETH and SOL with 5x leverage.
Binance will launch RDAC and start the Alpha points airdrop mechanism on May 13
According to Binance's announcement, Binance Alpha will launch REDACTED (RDAC for short), and trading will start on May 13. Users who meet the Alpha points threshold will receive RDAC airdrops within 10 minutes of trading opening, and the specific threshold will be announced before the opening. In addition, Binance will introduce an Alpha points consumption mechanism for exclusive TGE and airdrop claims, but not for this RDAC airdrop.
BSC Foundation purchased three AI concept tokens: $TST, $AIOT, $SKYAI
According to @ai_9684xtpa's monitoring, the BSC Foundation address purchased three AI concept tokens worth a total of $75,000 through the DeFi automation platform Mimic.fi in the past 10 minutes: $TST, $AIOT, and $SKYAI. The purchase amount of each token was $25,000, and the average transaction price was $0.06274, $0.4137, and $0.04557 respectively. The top five tokens currently held by the BSC Foundation address are: 1) TST, holdings of $45,000; 2) MUBARAK, holdings of $40,000; 3) BROCCOLI (714), holdings of $33,000; 4) SKYAI, holdings of $25,000; 5) AIOT, holdings of $25,000.
