Today
2025/05/15

JPMorgan: Tencent's Q1 performance is stable with a target price of HKD 600

On May 15, Jin10 reported that JPMorgan published a research report indicating that Tencent (00700.HK) had a stable performance in the first quarter, with revenue from games and online advertising accelerating to over 20%, demonstrating the group's unique advantages that allow it to achieve sustainable profit rise. Furthermore, although increased capital expenditure in the second half of the year will impact profits, the group's first quarter earnings per share growth rate still exceeded revenue growth, and its stock price is expected to respond positively in the short term. The bank set a target price of HKD 600 for Tencent, with a rating of "buy."
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CMB International raised Tencent Music's target price to $17.5, with a rating of "Buy".

CITIC International released a report indicating that Tencent Music's revenue rose by 9% in the first quarter, and net profit grew by 25%, exceeding market expectations. It predicts a 6% upward adjustment in earnings for 2025-2027, with a target price raised to $17.5. It believes that Tencent Music will continue to rise in 2025 due to its competitive barriers and business model, maintaining a "buy" rating.
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Gate.io Alpha launches PRAI

Odaily News Gate.io Alpha has launched Privasea AI (PRAI) and will open a limited-time airdrop event from May 14, 2025, 22:00 to May 17, 2025, 22:00 (UTC+8). During the event, completing the first trade on Alpha (regardless of the coin type) or any PRAI transaction will entitle participants to airdrop rewards, with a total prize pool of 600,000 PRAI.
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A trader bought in before the LAUNCHCOIN pump, with a return rate of up to 500 times.

A trader bought LAUNCHCOIN at $8,191 before its big pump, with a market capitalization of only $500,000. After LAUNCHCOIN soared to $300 million, he started selling, having sold 2.5 million tokens and holding 12.12 million (worth $3.5 million), with total profits exceeding $4 million.
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The founder of DoNotPay raised $30 million for his new fund, Browder Capital Fund Four, with participation from Sequoia Capital and others.

Browder Capital, the investment firm founded by DoNotPay founder Josh Browder, successfully raised a $30 million fund with support from several well-known institutional investors.
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Arca associated Wallet received 9.04 million ENA Tokens

According to the Gate.io News bot, data monitored by Spot On Chain shows that a wallet suspected to be associated with Arca received approximately 9.04 million ENA Tokens from Flowdesk, worth 3.64 million dollars. Data records show that the Wallet completed two ENA Token transactions in the past year, making a profit of 1.46 million dollars, with a return rate of 14.6% and a win rate of 50%. Source: Wu Says
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A suspected Arca associated address received 9 million ENA 9 hours ago, and this address previously made a net profit of 1.46 million USD from trading ENA.

BlockBeats news, on May 15, according to Spot On Chain monitoring, a wallet possibly associated with Arca received 9.05 million ENA (approximately 3.64 million USD) from Flowdesk 9 hours ago, marking the third ENA transaction for this address. In the past year, this wallet has traded ENA twice, netting a profit of 1.46 million USD (+14.6%), with a win rate of 50%.
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Gate.io CandyDrop launches GET Airdrop event

Gate.io announces the launch of the Global Entertainment Token (GET) Airdrop event. Users participating in GET spot trading can share a prize pool of 6 million GET, with a trading volume threshold of 200 USDT, and individuals can receive up to 40,000 GET in rewards. The event aims to provide users with the opportunity to acquire quality assets, as the GET project focuses on connecting fans and creators in the entertainment industry.
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The United States opposes inviting Zelensky to the NATO summit.

Jin10 data reported on May 15 that the Dutch broadcaster NOS cited NATO sources stating that the United States opposes inviting Ukrainian President Zelensky to the NATO summit to be held in The Hague from June 24 to 25. The Trump administration does not particularly support this idea, partly due to the tense relationship between the two leaders. One source said that refusing to invite Zelensky would be "a diplomatic disaster for the Netherlands, and no spokesman could justify it." Meanwhile, the source emphasized that there are still six weeks until the NATO summit, and the situation could change.
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Cardano founder: Midnight will airdrop tokens to 37 million users on 8 blockchains.

Charles Hoskinson, the founder of Cardano, announced the details of the Glacier Drop Airdrop plan for the privacy sidechain Midnight at the Consensus 2025 conference. The plan will airdrop NIGHT governance tokens and DUST shielded transaction tokens to approximately 37 million users across 8 major Blockchains, targeting only retail investors and not reserved for venture capital firms. The project is currently in the Testnet phase and plans to launch the Mainnet by the end of 2025.
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Cardano founder announces Midnight privacy sidechains Airdrop plan, covering 37 million users

According to the Gate.io News bot and CoinDesk, at the Consensus 2025 conference, Cardano founder Charles Hoskinson announced the "Glacier Drop" airdrop plan for the privacy sidechain project Midnight. The plan will distribute NIGHT and DUST tokens to 37 million users across 8 mainstream public chains and explicitly states that no allocations will be made to venture capital firms. Hoskinson introduced the "Collaborative Economics" model at the conference, which allows users to make payments using cross-chain assets such as ETH and SOL, and participate in validation revenue sharing. The Midnight testnet is already up and running, with the mainnet planned to officially launch by the end of 2025.
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Cardano founder reveals details of the "Glacier Drop" Airdrop plan for the privacy sidechains Midnight.

PANews May 15 news, according to CoinDesk, Cardano founder Charles Hoskinson announced the details of the "Glacier Drop" Airdrop plan for the privacy sidechain Midnight at the Consensus 2025 conference. The plan will distribute the governance token NIGHT and the privacy token DUST to 37 million users across 8 mainstream public chains, explicitly excluding shares for venture capital institutions, with all tokens directed to ordinary users. Hoskinson also proposed a "cooperative economics" model, allowing developers to use native tokens such as ETH and SOL to pay for cross-chain application fees, and validators can also collaborate across chains to earn revenue. The Midnight Testnet has been launched, with the Mainnet expected to start at the end of 2025. This Airdrop is seen as a strategic move to alleviate industry fragmentation and respond to the entry of tech giants.
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LAUNCHCOIN continues to pump, reaching a new high in market capitalization, while other ICM concept coins generally experience a pullback.

LAUNCHCOIN continued to pump on May 15, with a market capitalization exceeding 350 million USD and a rise of 110.32%. In contrast, other ICM concept coins generally fell, with NOODLE, DUPE, FITCOIN, and GOONC all experiencing a decline in market capitalization. Users should be aware that these assets have significant price fluctuations and should invest with caution.
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Putin approves the list of negotiators, the prospects for Russia-Ukraine talks are uncertain.

The prospects for Russia-Ukraine negotiations are uncertain, with both sides still having differences on key issues. Analysts believe that Russia's refusal to agree to a ceasefire is aimed at applying pressure on Ukraine on the battlefield to promote progress in negotiations.
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Americorp has partnered with Casper Network to bring the U.S. parking industry on-chain.

Americorp Investments and the Casper Association announced a collaboration to leverage Casper Network Blockchain technology to bring transparency and auditability to the parking industry in the United States, addressing issues such as payment opacity. The solution aims to achieve tokenization of parking asset ownership, which is expected to generate substantial revenue. Testing will begin in the second half of 2025 in multiple cities, with plans to expand to more markets in 2026.
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Japanese regulators advocate for banks to deploy post-quantum encryption technology

According to Gate.io News bot, the Japanese financial regulator is actively promoting the adoption of the new generation "post-quantum" encryption technology by domestic banks to strengthen defenses against hacker attacks. This initiative aims to enhance the security protection capabilities of the banking system.
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The Central Bank of Brazil has proposed new regulatory rules for stablecoin transfers.

According to Gate.io News bot and reports from The Defiant, the Central Bank of Brazil has proposed new regulatory measures regarding stablecoin transfers in its latest cryptocurrency regulatory framework. According to the draft rules, transfers of stablecoins to wallets controlled by non-Brazilian entities will be restricted. This move indicates that Brazil is strengthening its regulatory oversight of domestic Crypto Assets transactions.
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The Central Bank of Brazil proposed strict regulation on transfers of stablecoins.

The Brazilian government is considering the issuance of sovereign bonds denominated in RMB, but no final decision has been made yet. At the same time, the Brazilian Central Bank has proposed strict regulations for stablecoin transfers, including restrictions on sending stablecoins to wallets controlled by non-Brazilian entities, indicating a tightening stance on domestic Crypto Assets trading.
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The chairman of Cantor Fitzgerald revealed that he had verified Tether's reserves.

According to the Gate.io News bot and a report by CoinDesk, at the Consensus 2025 conference, Cantor Fitzgerald Chairman Brandon Lutnick publicly responded to market doubts about Tether. Lutnick stated that during his early collaboration with Tether, he personally participated in the verification of Tether's reserves. Regarding market rumors, Lutnick explicitly denied claims that he interned at Tether in 2023, but he admitted to having learned about cryptocurrency from the Tether team. Notably, Lutnick took office as Chairman of Cantor Fitzgerald in February 2025, and his father currently serves as the U.S. Secretary of Commerce.
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Wednesday
2025/05/14

Lawyer: If the U.S. Congress fails to pass the GENIUS Act in a timely manner, encryption regulatory reforms will be delayed until 2029.

Encryption lawyer John E Deaton warned that if the U.S. Congress fails to pass the stablecoin GENIUS Act in a timely manner, substantial encryption regulatory reform may be delayed until 2029. This view is supported by Ryan Selkis and others, criticizing the lack of continuity in U.S. regulation, which still relies on outdated legal frameworks. If the bill cannot be passed within this week, encryption reform during the Trump administration may not be achievable.
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MetaMask co-founder confirms that the team is evaluating the issuance of a native Token.

According to the Gate.io News bot, TheBlock reported that MetaMask co-founder Dan Finlay revealed in an interview that the team is evaluating a plan to launch a native Token. The parent company Consensys has developed a long-term plan to promote the "progressive Decentralization" of products like MetaMask through token issuance. Dan Finlay also pointed out that once the issuance plan is determined, relevant information will be published directly within the Wallet and a link will be provided.
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Economic Daily: Fully leverage the role of the China-U.S. economic and trade consultation mechanism.

The joint statement between China and the United States lays the foundation for future communication and negotiation, but details still need to be resolved. Structural contradictions between China and the United States still exist, and cooperation requires rational expectations. It is necessary to maintain the momentum of dialogue, manage differences, strengthen trust, promote bilateral trade liberalization, create a fair business environment, and push for cooperation. Continuous communication is needed to resolve differences, promote win-win cooperation, and work together to face challenges.
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JPMorgan: Raises Year-End U.S. Treasury Yield Forecast

Jin10 data, May 15 - Strategists led by JPMorgan's Jay Barry have raised their forecast for the US 10-year Treasury yield at the end of 2025 to 4.35%, up from the previous estimate of 4%. The forecast for the end of the 2-year Treasury yield has been raised to 3.5%, up from the previous estimate of 3%. The tariff friction sparked by President Trump has eased, which is favourable information for the growth of the US economy, and the Federal Reserve may delay interest rate cuts. Previously, JPMorgan's economists had pushed back the expected timing for the Federal Reserve's interest rate cuts from September to December.
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American customers are urging for shipment, and the listed company is rapidly replenishing orders.

Jin10 data reported on May 15th, starting from May 14th, China and the United States have simultaneously dropped bilateral tariff levels significantly, implementing the important Consensus reached during previous high-level China-U.S. economic and trade talks. The export chain has already shown new changes, with U.S. customers urging shipments and listed companies replenishing orders becoming the main theme. In the short term, a Rebound in trade volume is a common expectation, while capacity going overseas aimed at diversifying Supply Chain risks is also expected to boost export performance.
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White House: Trump reaches historic $1.2 trillion economic commitment in Qatar

ChainCatcher news, according to Jin10 reports, the White House stated that U.S. President Trump has reached a historic $1.2 trillion economic commitment in Qatar.
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Data: Hyperliquid platform Whale current Holdings 4.171 billion USD, long to short position ratio is 0.93

The Hyperliquid platform shows that the total amount of whale holdings currently reaches 4.171 billion USD, with long orders at 2.015 billion USD, accounting for 48.32%, and short orders at 2.156 billion USD, accounting for 51.68%. The profit and loss for long orders is 209 million USD, and for short orders is -151 million USD. It is particularly mentioned that the whale address 0x5b5d..60 is shorting BTC at a price level of 103,665.3 USD, currently with a profit and loss of -413.7 thousand USD.
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