On May 11, SK Hynix, a major South Korean stock, experienced significant growth due to increased demand for AI storage and a general rise in the South Korean stock market. According to BlockBeats On-chain Detection, the SKHYNIX/USDC trading pair on Hyperliquid saw heightened activity, with a 24-hour trading volume exceeding $12.8 million and a concurrent open interest reaching $32.3 million.

Blockchain security firm SlowMist has released a threat intelligence report detailing a malicious Chrome extension disguised as a TronLink wallet. According to Foresight News, the extension, identified by ID ekjidonhjmneoompmjbjofpjmhklpjdd, uses Unicode bidirectional control characters and Cyrillic letters to impersonate the TronLink brand name. It inherits high ratings from existing Chrome store extensions, showing over a million installations and a 4.5-star rating, to lower user suspicion. The attack operates on two levels: the first involves a local malicious extension that, once installed, prioritizes loading a remote iframe as a pop-up interface, requesting minimal permissions to evade review. The second level consists of a remote phishing page hosted on the Vercel platform, which fully mimics the TronLink web wallet UI. It prompts users to input mnemonic phrases, private keys, and Keystore files, then sends these credentials to attackers via a Telegram Bot (chat_id: 8334454422). The phishing page includes visitor identification and blocking logic, disables right-click and developer tools, and redirects Russian-speaking users to another domain to avoid dynamic analysis by security researchers. SlowMist advises users who have installed the extension to uninstall it immediately and clear local storage. If wallet credentials were entered on the extension or phishing page, users should create a new wallet on a trusted device and transfer assets. The malicious domains involved are tronfind-api[.]tronfindexplorer[.]com and trx-scan-explorer[.]org. The official TronLink extension ID is ibnejdfjmmkpcnlpebklmnkoeoihofec, which users can verify by comparing IDs.

The government is planning to replace the existing 50% capital gains tax discount on assets held for more than one year, according to AFR. This move aims to reform the current tax system and could have significant implications for investors and asset holders. The proposed changes are part of broader efforts to address fiscal challenges and optimize tax revenue. Details on the new tax structure and its implementation timeline have yet to be disclosed.

AI infrastructure platform B.AI has announced improvements to its historical Credits consumption records and a compensation plan. According to ChainCatcher, the platform recently conducted a comprehensive review of past consumption records due to ongoing upgrades in its Credits billing system and display dimensions. During this review, it was discovered that from May 1, 2026, 00:00 to May 3, 2026, 03:00 (SGT), some requests did not fully display all cost components on the front-end. This was primarily because fees related to underlying caching were not shown, leading users to see only input/output token consumption and potentially misunderstand overall Credits usage. B.AI has corrected the data and realigned it with historical records. Affected accounts will automatically receive Credits compensation, valid for 30 days from the date of issuance, without requiring any user action. Users are advised to monitor their account balances for updates. B.AI plans to continue upgrading its Credits display system to enhance transparency and user experience over the long term.

Binance announced on X its daily news highlights for May 11, inviting users to participate in the 'Word of the Day' activity. Participants who correctly answer five words will have the opportunity to share a prize pool of 15 BNB. This initiative is part of Binance's ongoing efforts to engage its community and provide interactive opportunities for users. The announcement also inquired about users' experiences at the start of the week, encouraging them to stay informed about the latest trends and developments. Binance continues to focus on fostering an active and informed community by offering such engaging activities. The platform remains committed to keeping its users updated with the latest news and opportunities in the cryptocurrency space.

Nvidia CEO Jensen Huang said in his speech at Carnegie Mellon University's 128th commencement ceremony that the traditional computing paradigm, which has lasted for about 60 years, has come to an end. AI is driving an industry transformation from humans coding to machine learning.He stated that although some jobs, such as programming and medical image analysis, are being automated, AI is more about amplifying human capabilities rather than simply replacing humans. He added, "AI is not likely to replace you, but someone using AI better than you might."Huang also recalled Nvidia's near-bankruptcy experience in its early years, saying that the company once asked Sega to terminate a contract because it could not deliver the chip architecture and only survived because Sega continued to pay. He concluded by saying that AI infrastructure construction will become one of the largest technological infrastructure investments in human history, and he called on graduates to "run, don't walk."

The market has never lacked tools for issuing tokens; what it lacks are genius developers who can write the mechanisms.

Amidst macroeconomic turmoil, funds are converging on AI narratives on an unprecedented scale.

Sam Altman said younger people are using ChatGPT far more deeply than older users, with many students treating it like a daily operating system for studying, organising tasks and making decisions. The growing reliance on AI for personal advice and life choices is also raising concerns among experts about trust, accuracy and overdependence.

Users on Revolut were left in confusion and alarm overnight after Bitcoin briefly appeared to collapse to just $0.019—a staggering 99.99% crash from its real trading price near $79,000.

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Imagine you have a robot, and you give it your car keys to pick up your child from kindergarten. If you can confidently give it the keys and wait for it to return, you've already crossed the line of trust.

Alphabet briefly overtook Nvidia in market value during trading as strong AI-driven gains pushed it close to the top of global tech rankings, before slipping back below Nvidia by the end of the week.

AI ethics has become a battleground for real-money commercial competition and ideological struggle.

Just days after Michael Saylor surprised investors by suggesting Strategy could periodically sell Bitcoin to fund shareholder dividends, CEO Phong Le is now attempting to calm market fears by clarifying that any future BTC sales will remain limited, strategic and financially disciplined.

AI is a double-edged sword: short-term prosperity, long-term differentiation. How technological revolutions are reshaping the economy and society.