Pudgy Penguins is winding down its mobile game, Pudgy Party, after the title surpassed 1 million total downloads. According to NS3.AI, the team said it will reallocate its gaming resources to Pudgy World, which it plans to make its flagship gaming product. The update marks a shift in the project’s gaming focus away from Pudgy Party and toward further development of Pudgy World.

U.S. President Donald Trump said the Strait of Hormuz was fully opened on Friday. According to Odaily, Trump said all agreements had been signed and added that oil prices had fallen sharply while stock markets were rising.

Bankers are lining up debt packages of about £5 billion ($6.7 billion) to back a potential takeover of British product-testing firm Intertek Group Plc by private equity firm EQT AB. According to Bloomberg, the financing preparations are tied to a possible acquisition.

Meta Platforms said it has launched new AI features on Facebook aimed at improving search and supporting content creation. According to Jin10, the company introduced the tools as part of its efforts to add AI-driven capabilities to the Facebook platform.

Wall Street firms Benchmark and TD Cowen have pushed back against market concerns that Strategy (MSTR) could face a “death spiral” sell-off tied to its leveraged treasury model after Bitcoin briefly fell to around $60,000. According to Odaily, both firms issued reports rejecting the bearish narrative and maintained “buy” ratings on Strategy. Benchmark analyst Mark Palmer said the “death spiral” thesis overlooks multiple buffers. He said the company would need to use about $1 billion in cash reserves for dividend payments before any large-scale Bitcoin sales, and that its roughly $55 billion Bitcoin holdings provide additional cushioning. Palmer described STRC as a type of perpetual preferred stock designed to maintain a price near $100 and offer an approximately 11.5% floating annualized yield. The analysis said the structure creates a cycle of “yield demand → financing → increased Bitcoin holdings,” which it characterized as a core funding engine for Strategy’s long-term treasury model. TD Cowen said that even during sharp Bitcoin pullbacks, the STRC structure has shown relatively low volatility, which it said can help stabilize the company’s capital structure. TD Cowen described STRC as a “yield and capital protection tool” rather than a purely high-risk speculative instrument. The report also noted that critics argue the structure could create a “negative feedback loop” that, under extreme conditions, might trigger selling pressure on assets.

SpaceX has surpassed Taiwan Semiconductor Manufacturing Co. to rank eighth in the global asset rankings, with a market value of $2.327 trillion, trailing Amazon at $2.65 trillion. According to Odaily, the figures were based on data from 8Marketcap. Bitcoin’s market value stood at $1.34 trillion, up 4.47% over the past 24 hours, placing it 16th in the global asset rankings.

More than two dozen companies including JPMorgan Chase & Co. are collaborating with an array of cybersecurity firms to remedy software flaws spotted by cutting-edge artificial intelligence models. According to Bloomberg, the effort aims to address vulnerabilities identified by advanced AI systems.

Peru posted slightly better-than-expected economic growth in April, driven by strong results in construction, retail sales and manufacturing. According to Bloomberg, the data showed those sectors led the expansion.

SpaceX, IPO, SpaceX's first test of three sustainability mechanisms on the day of its listing. Golden Finance: Price discovery still works even without a spot market.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse.

The crypto industry needs a new narrative more than ever, but it needs new, real demands even more.

This article details how SpaceX is disrupting the traditional IPO model and the changing role of investment banks in the new IPO system.

Crypto Market, 2029 Crypto Industry Panorama Prediction (Jinse Finance): The entire industry is currently facing three core ultimate questions.

IPO, SpaceX, the largest IPO in history lands, and the mess in the cryptocurrency world. Golden Finance: SPCX's IPO performance, valuation controversy, and timing of allocation.

The distribution table determines who sees the opportunity, while the allocation table determines who actually owns it.

This SpaceX IPO did not change the allocation logic of the traditional capital market.

Currently, approximately $30 billion in real-world assets (RWA) have been tokenized on blockchain, but 92% of them (approximately $24.7 billion) have not actually participated in DeFi activities and are merely sitting idle as digital credentials. This has led to the RWA market diverging into two paths by 2026.

Unitree Robotics is emerging as a new generation of Chinese hardware giants, and its advantages in the field of humanoid robots may be deeper than outsiders realize.