Headlines

U.S. Media: U.S.-Iran Close to Finalizing Memorandum of Understanding to End Conflict, Iran to Resume Hormuz Strait Operations

According to Axios, two U.S. officials and informed sources indicate that the White House believes it is nearing agreement with Iran on a one-page memorandum of understanding to end hostilities and establish a framework for subsequent detailed nuclear negotiations. The U.S. expects to receive Iran’s response on several key issues within the next 48 hours.

The U.S. proposal stipulates that Iran commits to suspending uranium enrichment activities. In return, Iran will resume operations in the Strait of Hormuz, while the U.S. lifts sanctions. A comprehensive nuclear deal will be negotiated at a later stage.

Moonshot AI Set to Complete $2B Round, Post-Money Valuation Surpasses $20B

Exclusive from LatePost: Moonshot AI (Kimi) is on the verge of completing a $2 billion funding round, with post-money valuation exceeding $20 billion. The round is led by Meituan Longzhu, with participation from China Mobile, CPE (CITIC Industrial Fund), and others—Longzhu alone investing over $200 million.

U.S. April ADP Employment Data at 109K, “Small Nonfarm” Exceeds Expectations

April ADP employment data came in at 109K, surpassing the expected 99K and up from the previous 62K. The “small nonfarm” figure exceeded expectations.

Industry News

Columbia President Says Bitcoin Mining Could Transform the Country’s Caribbean Coast Region

Columbia President Gustavo Petro stated that the country’s Caribbean coast region has potential to become a hub for bitcoin mining, leveraging its surplus renewable energy to attract foreign investment and stimulate economic development.

Petro posted on X on Tuesday that cities such as Barranquilla, Santa Marta, and Riohacha along the Caribbean coast could host bitcoin mining facilities, utilizing Colombia’s clean energy resources—mirroring recent trends in Venezuela and Paraguay.

Project News

Meta Developing Personalized AI Assistant, May Support User-Created Autonomous Agent Bots

Meta is developing a highly personalized AI assistant designed to help users manage daily tasks. Insider sources reveal the project features an advanced digital assistant powered by Meta’s newly launched Muse Spark AI model, currently undergoing internal testing among employees.

Additional reports suggest Meta aims to build a product similar to OpenClaw, enabling users to create AI agents capable of autonomously executing tasks.

Polymarket Adds Telegram Account Login Option

Official interface confirms Polymarket has added Telegram account login functionality.

Hut 8 Signs $9.8B AI Data Center Lease Agreement, Stock Hits All-Time High

Bitcoin miner Hut 8 announced a 15-year, $9.8 billion lease agreement to secure capacity for the first phase of its 352 MW AI data center at the Beacon Point campus in Texas. The news sent Hut 8’s stock soaring 33% to $107—the all-time high. The agreement covers IT capacity supporting hyperscale AI training and inference workloads. Hut 8 now has total contracted AI data center capacity of 597 MW, with aggregate contract value around $16.8 billion, projecting annual net operating income of approximately $1.1 billion. The campus is expected to begin power delivery in Q1 2027, with the first data hall delivered by Q3 2027.

Y Combinator Holds First Crypto Startup Interviews in New York

Startup accelerator Y Combinator will hold its first dedicated interviews in New York City targeting fintech and crypto startups, aiming to support more ventures in this space. The offline interviews are scheduled for May 21, with selected startups joining the Summer 2026 batch and receiving standard $500K investment. Selected projects may choose to receive funds in USDC stablecoin form.

Ripple, JPMorgan Complete Cross-Border Settlement Pilot Using Tokenized U.S. Treasury Bonds

Ripple, JPMorgan, Mastercard, and Ondo Finance jointly completed a cross-border settlement pilot using tokenized U.S. Treasury bond fund.

The transaction was executed on the XRP Ledger: Ondo first redeemed its tokenized U.S. Treasury product OUSG on-chain, then transmitted instructions via the Mastercard network and JPMorgan’s blockchain payment system, culminating in a USD settlement from JPMorgan to Ripple’s Singapore account.

Funding & Investment

ArcNova Raises $15M to Build AI-First Short-Form Video Infrastructure Ecosystem

AI-native media infrastructure platform ArcNova announced a $15 million funding round, backed by Adaverse Ventures, Animoca Brands, Liquid Capital, Redline Labs, and Waterdrip Capital.

ArcNova focuses on AI-generated short-form video content, aiming to build an AI-native media infrastructure through integration of AI content generation, digital actors, content distribution, and ecosystem incentive mechanisms—creating the next-generation AI-driven short-form video and entertainment ecosystem.

OpenTrade Secures $17M Strategic Funding, Led by Mercury Fund and Notion Capital

OpenTrade announced a $17 million strategic funding round led by Mercury Fund and Notion Capital, with participation from a16z crypto, AlbionVC, and CMCC Global. The company specializes in institutional-grade on-chain and real-world asset-backed lending, as well as stablecoin yield products. OpenTrade plans to use the capital to expand licensed and permissionless infrastructure—including the Curation+ Vault curation framework—and grow its asset management, trading, and engineering teams. OpenTrade processed over $250M in transaction volume in 2025, with current total value locked (TVL) exceeding $200M.

Voices

Strategy CEO: If Still Largest BTC Holder in Next 10–20 Years, Strategy Will Become World’s Largest Company

Strategy CEO Phong Le stated that if Strategy remains the largest BTC holder over the next 10 to 20 years, it will become the world’s largest company.

Arthur Hayes Repeats ZEC Bullish Call: Targeting 10% of BTC Price

Co-founder of BitMEX Arthur Hayes posted on X stating that ZEC’s target price is 10% of BTC’s current price, indicating significant upside potential.