Odaily Odaily News: According to Fox News, U.S. President Donald Trump stated that he is considering restarting the Liberty Plan. (Jinshi)

Odaily reported that according to Lookonchain monitoring, as updated on May 11, the Bitcoin ETF had a single-day net outflow of 3,685 BTC, valued at $298.89 million, and a 7-day net inflow of 7,287 BTC, valued at $591.04 million; the Ethereum ETF had a single-day net outflow of 6,492 ETH, valued at $15.1 million, and a 7-day net inflow of 24,921 ETH, valued at $57.97 million; the Solana ETF had a single-day net inflow of 70,721 SOL, valued at $6.76 million, and a 7-day net inflow of 451,400 SOL, valued at $43.15 million.

Odaily Odaily Planet Daily News: Solana core development team Anza announced that a major consensus mechanism upgrade, codenamed Alpenglow, has been launched on the community testnet. Validators can now switch from the current Proof-of-Stake, Proof-of-History, and TowerBFT architecture to the new consensus framework within the test cluster.

The upgrade shortens transaction finality time and improves network response efficiency by restructuring the validator communication and block confirmation process. This testing phase marks that validators can now execute the Alpenswitch migration operation in a real-world environment. Solana co-founder Anatoly Yakovenko previously stated that if testing goes smoothly, Alpenglow could be deployed to the mainnet as early as next quarter. (CoinDesk)

Odaily Bitcoin mining and AI computing infrastructure company IREN Limited announced plans to privately issue $2 billion in convertible senior notes due 2033 to qualified institutional investors under Rule 144A, with an option to increase the offering by an additional $300 million.

These convertible notes are unsecured senior debt instruments, paying interest semi-annually, maturing on December 1, 2033. Investors can convert the bonds into common stock of the company under specific conditions. The company may settle repayments or conversions in cash, shares, or a combination of cash and shares. According to the terms, IREN can redeem the notes early after June 2030 if certain stock price conditions are met. In the event of a "fundamental change," investors can demand the company repurchase the bonds at par value plus accrued interest.

Regarding the use of proceeds, the company will allocate a portion to cover the cost of the "capped call" transactions, with the remainder for general corporate purposes and working capital. This structure is designed to hedge against potential equity dilution from the conversion of the notes. Concurrently, IREN will enter into hedging agreements with financial institutions to mitigate conversion risk through derivatives and stock transactions. This mechanism may not fully offset dilution if the stock price exceeds the set "cap price." Additionally, the hedging counterparties may engage in related transactions during the issuance and life of the notes, which could impact IREN's stock price and the value of the convertible notes.

Overall, this financing arrangement enhances the company's capital flexibility while introducing a relatively complex structural hedging mechanism to balance expansion funding needs with equity dilution risk. (Globenewswire)

Odaily reports, on the eve of a key vote by the U.S. Senate Banking Committee on comprehensive cryptocurrency legislation, American Bankers Association (ABA) CEO Rob Nichols sent an urgent letter to bank executives, calling for immediate contact with senators to push for amendments to stablecoin-related clauses.

Nichols warned that the current draft fails to effectively prevent crypto companies from attracting stablecoin deposits through "interest-like rewards," which could lead to a large-scale migration of bank deposits to stablecoins, thereby threatening economic growth and financial stability. In the letter, he stated this is "an urgent advocacy battle requiring immediate action."

The bill was originally intended to establish the first federal unified regulatory framework for the crypto industry and clarify the responsibilities of various regulatory agencies. However, the controversy surrounding stablecoin yields continues to be one of the core legislative obstacles. The banking industry worries that although the relevant framework passed last year under the GENIUS Act prohibits issuers from directly paying interest, it still allows platforms to offer yields in the form of rewards, thereby weakening the funding base of the banking system.

After multiple rounds of negotiations, bipartisan senators proposed a compromise: prohibiting "regulated entities" from providing interest or equivalent benefits to token holders in any form, while allowing reward mechanisms based on transaction or usage behavior. However, banking groups subsequently raised objections, arguing that the wording contains "circumvention loopholes." For example, providing fixed rewards based on holding size could be seen as a form of disguised interest.

Currently, the Senate Banking Committee is expected to review and vote on the bill this Thursday. The regulatory boundary surrounding the stablecoin yield mechanism remains one of the biggest points of contention. (The Block)

Odaily reported that Circle co-founder and CEO Jeremy Allaire responded to questions from various analysts during tonight's earnings call.

When asked how ARK tokens belonging to Circle would be accounted for, Jeremy Allaire said: "When ARK tokens are created, they will be recorded on Circle's balance sheet at cost, and that cost is zero. Then, after Circle fulfills its obligations under the token presale agreement, we will recognize the value of these tokens as 'other income,' which will then be directly reflected in RLDC (Revenue Less Distribution Cost) and adjusted EBITDA."

According to Iranian state media, as the latest response to the U.S. proposal to end the war, Iran has demanded sovereignty over the Strait of Hormuz. The Strait of Hormuz is located between Iran and Oman, where the exclusive economic zones of the two countries meet. The narrowness of the waterway makes it easier for Iran to launch attacks on vessels, as ships lack sufficient space for maneuvering and do not have enough time to issue warnings to avoid threats.

Under the United Nations Convention on the Law of the Sea, a state has "sovereign rights" to explore, exploit, conserve, and manage marine resources within its exclusive economic zone. However, "ships of all states, whether coastal or landlocked, enjoy the right of innocent passage through the territorial sea." The convention states that coastal states should not "hamper the innocent passage of foreign ships through the territorial sea," but this applies only under specific and clearly defined circumstances. Coastal states may take necessary measures within their territorial sea to prevent passage that is not innocent. (Jin Shi)

Odaily reports that according to GMGN data, TROLL's market cap has surpassed $135 million, currently standing at $135.02 million, with a 24-hour increase of 55.56%.

Odaily reminds users that Meme coins are highly volatile, and investors should participate with caution.

Odaily Planet Daily News JPMorgan stated that it expects the average oil price in 2026 to be $96 per barrel, with the second, third, and fourth quarters at $103, $104, and $98 per barrel, respectively. (Jinshi)

Odaily reported that, according to monitoring by Onchain Lens, a whale address "8uAXw" withdrew 199 million PENGU from Binance, worth $2.04 million.

Odaily reports that in response to a community user's comment that He Yi is "all just luck," He Yi posted on X platform, replying: "Right? I've been lucky for the past ten years, and I'll be even luckier for the next twenty. If you're already this angry now, what will you do later?"

Odaily reports that U.S. space stocks are trending higher. Rocket Lab rose over 4% during trading, hitting a new high after surging more than 34% the previous day; AST SpaceMobile rose over 5%, set to release its earnings report after the market close. The "SpaceX concept fund" DXYZ rallied again, gaining over 11%, while VCX rose nearly 18%. (CLS)

Odaily U.S. stocks lacked a clear direction overall, but strong corporate earnings reports prompted Wall Street strategists to continue raising their S&P 500 targets, while the market is still assessing the uncertainty surrounding the duration of the Iran conflict. The S&P 500 index opened largely flat.

The strong performance of chip stocks continued to boost the benchmark index, with companies like Intel and Micron Technology standing out the most. The tech-heavy Nasdaq 100 index edged up 0.2%, while the Dow Jones Industrial Average fell 0.1%. "The market still believes a ceasefire agreement will be reached," said Tom Esay, founder of Sevens Report, explaining why stocks did not see a larger sell-off after Trump stated that Iran's response to his proposal to end the war was "completely unacceptable." (Jinshi)

Odaily报道 U.S. storage concept stocks rallied during intraday trading, with 5 of the 6 component stocks in the sector rising and 1 falling, led by Micron Technology.

Micron Technology (MU.US) surged up to 9.62% at one point and is currently up 5.78%, trading at $790, with a trading volume of $11.427 billion.

Western Digital (WDC.US) rose as much as 6.45% and is currently up 4.5%, trading at $501.61, with a trading volume of $578 million.

Seagate Technology (STX.US) gained up to 5.28% at one point and is currently up 3.62%, trading at $811, with a trading volume of $522 million.

Odaily reports that Ondo Finance has officially disclosed that Ondo now supports bridging its tokenized stocks and ETFs (such as SPYon, NVDAon, TSLAon, etc.) from Ethereum and BNB Chain to Hyperliquid’s HyperEVM via the Ondo Bridge. This integration supports 35 types of tokenized assets, which can be combined with Hyperliquid’s perpetual contract markets for strategies such as basis trading, funding rate arbitrage, and neutral hedging. The prices of Ondo’s tokenized assets are pegged to quotes from traditional markets like the NYSE and Nasdaq, aiming to preserve off-chain market liquidity. Since its launch in September 2025, Ondo Global Markets has accumulated a total TVL of approximately $970 million, with a trading volume of nearly $18 billion.

Odaily reported that, according to on-chain analyst Ai Yi's monitoring, a whale has cumulatively withdrawn 7,240 ETH from Bybit and OKX in the past 20 minutes, with a total value of $16.87 million and an average withdrawal price of $2,330. One hour ago, the whale had just deposited an equivalent amount of USDT to the exchange.