Important information last night this morning (May 12-May 13)
Reprinted from panewslab
05/13/2025·1M
Dell formally rejected a shareholder proposal that calls for bitcoin to be included in the company's treasury. Dell said in a reply letter on May 9 that proposals that “deeply explore complex matters that make shareholders unable to make wise judgments and thus improper micromanagement of the company” could be excluded. The support statement of the proposal exposed the proposer's intention to micromanage management's discretion in managing the company's cash and building an investment structure. It argued that Dell should consider replacing some cash and bonds with assets such as Bitcoin that can outperform inflation. However, staff have previously pointed out that stipulating the company's investment form will improperly limit management's discretion in ordinary business affairs. Whether it is demanding investment in cryptocurrency assets or divesting such assets, the proposal improperly limits management and board autonomy in corporate management.
Latvia's Minister of Economy: Building strategic Bitcoin reserves is just a matter of time
According to the crypto KOL @pete_rizzo_, Latvia's economy minister said it was "just a matter of time" to establish a strategic Bitcoin reserve and "I don't think it will bring significant risks".
GD Culture Group Limited (NASDAQ: GDC) and its subsidiary AI Catalysis Corp. announced that it has entered into a common stock purchase agreement with qualified investors of a British Virgin Islands Limited, which stipulates that the company sells its common stock worth up to $300 million, according to Globenewswire. The proceeds from the financing will be used to support the company's crypto-asset funding strategy, including the purchase of Bitcoin and the official Trump Coin (TRUMP). Under the plan, under certain restrictions, GDC plans to use a large portion of the proceeds from the sale of any shares under the financing to acquire, long-term holdings, and the integration of crypto assets into its core funding operations. It is reported that GD Culture Group Limited is a Nevada company with its main businesses including artificial intelligence-driven digital human technology and live e-commerce businesses.
Moonshot announces launch of IKUN ($IKUN)
Moonshot announced the launch of IKUN ($IKUN). The token runs on the Solana chain and currently has a market capitalization of $9.4 million and has a 24-hour trading volume of $66.6 million.
According to on-chain analyst Ember Monitor, the FTX/Alameda address transferred the 187,000 SOLs (about 32.2 million US dollars) redeemed from the pledge to 27 addresses seven hours ago. According to previous records, most addresses that receive SOL will transfer SOL to Coinbase or Binance in the future. Since November 2023, the FTX/Alameda pledge address has been redeemed and transferred 8.218 million SOLs (US$1.062 billion) through the above method, with an average transfer price of US$129. Currently, there are 5.205 million SOLs (US$893 million) pledged by FTX/Alameda.
Pump.fun's official X account has been unblocked Letsbonk.Fun founder and Raydium developer
According to @theunipcs, the official X account of pump.fun has been unblocked. The founder of Letsbonk.Fun and Raydium developers.
According to Bitcoin Magazine, European listed company The Blockchain Group (ALTBG) completed two rounds of financing of over 22 million euros in one week. It raised 9.9 million euros through equity financing on May 9, with the issue price being 61.7% premium to the average price on the 20th. Participants include Tobam, Generali Ambition Solidaire, Jean-Marie Formigé, Quadrille Capital, EFG Bank, VP Bank, etc. On May 12, it issued a 12.1 million euro Bitcoin-denominated convertible bond through its Luxembourg subsidiary, which was fully subscribed by Blockstream CEO Adam Back, and the issue price was 30% premium to the first batch of conversion prices. The funds will be used to strengthen Bitcoin holdings and develop subsidiary businesses such as data intelligence and AI. As a core member of the “Bitcoin For Corporates”, the company explores Bitcoin-centric capital architecture innovations, including Bitcoin-denominated bonds and hard asset reserve strategies.
Moonshot announces launch of CreatorBuddy ($BUDDY)
Moonshot announced the launch of CreatorBuddy ($BUDDY). The token runs on the Solana chain and currently has a market capitalization of $7.6 million and has a 24-hour trading volume of $5.8 million.
A giant whale extracted 4,677.7 WETH from Aave V3 and sold it for USD 11.52 million
According to Onchain Lens monitoring, a giant whale extracted 4,677.7 WETH from Aave V3 and sold it for 2,463 each, in exchange for 11.52 million USDC. The giant whale purchased the ETH for USD 6.8 million a month ago and has made a profit of USD 4.717 million.
Ethereum's next upgrade version "Fusaka" may reduce the cost of L2 and validators
According to CoinDesk, following Ethereum's successful deployment of Pectra upgrade last week, core developers of the network have turned their attention to the next major on-chain upgrade: Fusaka. Developers have begun planning for the next network upgrade to Fusaka and have agreed to include an EIP called "PeerDAS", a proposal that could help the network support larger transaction data "blobs". PeerDAS, or peer data Availability Sampling, will allow validators to download part of the data from "blobs" instead of the entire "blobs" to verify that the data has been published on the network. In theory, PeerDAS can reduce Layer2 transaction costs and benefit institutions that run validators on the Ethereum blockchain. Fusaka is scheduled to go live by the end of 2025 and will eventually include a series of additional upgrades besides PeerDAS.
Moonshot announces launch of LAUNCHCOIN
Moonshot announced the launch of Launch Coin on Believe($LAUNCHCOIN). The token runs on the Solana chain and currently has a market capitalization of $51.3 million and has a 24-hour trading volume of $22.7 million.
According to Cointelegraph, the list of top Meme coin holders has been determined and they will undergo a background check to apply for a dinner with the president and a "VIP tour" event on May 22. According to data provided by the project rankings, as of May 12, the top 220 wallets held more than 13.7 million TRUMP tokens, worth approximately US$174 million at the price at the time of release. It is unclear whether any of these wallet holders would choose to apply and attend the Trump dinner event. A Bloomberg report on May 7 pointed out that most token holders are located outside the United States, which raises potential security issues and conflicts of interest.
Dubai to partner with Crypto.com to accept cryptocurrency to pay for government services
According to Finance Magnates, the Dubai government signed a partnership agreement with crypto platform Crypto.com, which will allow residents and businesses to use cryptocurrency to pay for government services. The program relies on Crypto.com's technical facilities to realize instant redemption of digital assets into Dhrahams and transfer them to government accounts. Amna Mohammed Lootah, Director of the Regulatory Bureau of Digital Payment Systems of Dubai, said the goal is to achieve cashless transactions in public and private sectors by 2026. The move is an important part of Dubai’s economic agenda D33 program, aiming to consolidate its position as a global financial innovation hub.
According to Onchain Lens monitoring, a giant whale once again deposited 10 million USDC into HyperLiquid, increasing its short positions on BTC, ETH and SOL with 5x leverage. Its total deposit amount has reached 50.5 million USDC, BTC's short positions are worth more than US$109 million, and all short positions are worth more than US$230 million.
New York Mayor Eric Adams: Make New York the world's "global cryptocurrency capital"
According to Decrypt, New York Mayor Eric Adams announced on Monday that it will hold the first New York crypto summit on May 20, vowing to build New York into the "global cryptocurrency capital." Adams said at a press conference that blockchain technology can provide inclusive financial services to communities outside of 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 political-business dialogue platform and bring together industry leaders to discuss the application of digital assets in economic development and public services. Adams stressed that New York focused on the long-term value of blockchain technology rather than short-term hype, advocating a regulatory framework that can protect investors without stifling innovation. Adams stressed that the city will be committed to cryptocurrencies for a long time and is not interested in short-lived trends such as Meme. Adams said that while the crypto industry believes widespread adoption is inevitable, he stressed the need for balanced regulation that should be strong enough to protect investors but not too strict to hinder innovation and growth. "Our state should embrace a cryptocurrency and blockchain-friendly environment like New York City. Right regulation can be safe, but over-regulation can hurt the industry - we don't want that."
Coinbase to join the S&P 500 on May 19
According to Beincrypto, 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 included in 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 deal is expected to be completed soon after the final conditions are met. After the news was announced, Coinbase's stock price rose more than 7% in after-hours trading.
Truth Social denies rumors about launching new Meme coins
Truth Social denied rumors about the launch of the new Meme coins.
Pump.fun officially launched the "creator revenue sharing" mechanism today. In the future, 50% of the PumpSwap revenue generated by each token transaction will be returned to token creators. Creators of each transaction can receive a 0.05% (5 basis points) SOL reward, which will be worth a lot in the future. For example, a transaction volume of $10 million can bring about $5,000 in revenue. All projects that are still on the Pump.fun trading curve or have graduated to PumpSwap have automatically turned on the revenue. Billing starts from today. Users can receive SOL rewards on their official website at any time.
Former Aptos CEO Mo Shaikh said he still holds about 98% of APT and already holds SUI
Aptos co-founder and former CEO Mo Shaikh responded to a community question saying that he still holds about 98% of APT tokens and said that "everyone should allocate Move language ecological assets." When netizens joked that if he held a SUI, he would have become rich, Mo also responded: "I have a lot of SUI now."
According to CoinDesk, Nasdaq listed company DeFi Development (code: DFDV) announced that it would purchase another 172,670 SOLs, with an average price of $136.81 and a total of about $23.6 million, increasing its Solana holdings to 595,988 and a market value of about $105 million. The company's shares opened up 20% on Monday and had risen 30% last Friday. Since last month, DeFi Development has transformed from Janover to focusing on the Solana ecosystem, it has continued to lay out crypto assets and earned profits through node pledges.
Strategy bought 13,390 bitcoins for $1.34 billion last week
The 8-K document shows that Strategy purchased 13,390 bitcoins at an average price of US$99,856 from May 5 to 11, 2025, with a total amount of US$1.34 billion, and the funds came from its ATM equity financing plan. As of May 11, the company held a total of 568,840 Bitcoins, with a cumulative purchase cost of US$39.41 billion and an average purchase price of US$69,287. Michael Saylor said the company has achieved a 15.5% bitcoin yield so far in 2025.
David Bailey and his Bitcoin native holding company Nakamoto and medical service provider KindlyMD (NASDAQ: KDLY) officially announced a merger, and will establish an open market Bitcoin Treasury through the merger. According to an official press release, the transaction raised a total of $710 million in funds, including $510 million in PIPE financing and $200 million in convertible bonds, financing the largest public crypto transaction to date. This PIPE financing attracted more than 200 institutions on six continents around the world, including Actai Ventures, Arrington Capital, Van Eck, etc., as well as well-known figures in the Bitcoin field such as Adam Back, Jihan Wu, and Balaji Srinivasan; convertible bonds were exclusively subscribed by YA II PN, Ltd., a fund under Yorkville Advisors. David Bailey will serve as CEO of the merged company and plans to build a global ecosystem with Bitcoin as the core, covering media, finance and advisory services. The company will accumulate Bitcoin through financial tools such as equity and debt, and increase Bitcoin Yield per share. KindlyMD's medical business will continue to remain, and its shares are still trading on the Nasdaq. Last week, David Bailey, who had advised Trump on crypto policy, plans to set up a Bitcoin investment company and plans to raise $300 million.
A giant whale invested $40.5 million in HypeLiquid to short BTC, ETH and SOL within two days
According to Onchain Lens monitoring, a giant whale injected US$40.5 million into the HypeLiquid platform in the past two days and shorted BTC, ETH and SOL with 5 times leverage.
Binance will launch RDAC on May 13 and enable the Alpha points airdrop mechanism
According to Binance announcement, the Binance Alpha platform will first release REDACTED (token referred to as RDAC), and the transaction will be opened 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 applications, but it is not applicable to this RDAC airdrop.
The BSC Foundation purchased three AI concept tokens: $TST, $AIOT, $SKYAI
According to @ai_9684xtpa monitoring, the BSC Foundation address purchased three AI concept tokens worth a total of US$75,000 through the DeFi automation platform Mimic.fi in the past 10 minutes. The purchase amount of each token was US$25,000, and the average transaction price was $0.06274, $0.4137 and $0.04557, respectively. The current top five tokens in BSC Foundation address are: 1) TST, holding US$45,000; 2) MUBARAK, holding US$40,000; 3) BROCCOLI (714), holding US$33,000; 4) SKYAI, holding US$25,000; 5) AIOT, holding US$25,000.
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