On May 11, a prominent trader known as 'Loracle' on Hyperliquid initiated a 10x leveraged short position on SNDK, according to BlockBeats On-chain Detection. Early this morning, Loracle significantly increased the position during a brief price surge, with an average entry price of $1,622 and a position size of $8 million. Currently, the position shows an unrealized profit of $96,000, representing a return rate of approximately 10%. Loracle is now the second-largest holder of short positions on SNDK on the platform. SNDK has seen a remarkable increase of over 300% this year, frequently reaching new historical highs. Loracle's short position average price of $1,622 is close to the buy target price of $1,625 set by Mizuho Securities analyst Vijay Rakesh on May 7.

On May 11, Lyon released a report indicating that Baidu's core business revenue for the first quarter is expected to decrease by 2.5% year-on-year to 24.8 billion yuan, primarily due to a more than 20% drop in marketing revenue. According to Jin10, AI-related business revenue is projected to grow by 39% to 12.4 billion yuan, accounting for 50% of BGB revenue. AI cloud infrastructure has emerged as a new growth engine, benefiting from a surge in inference workloads, with revenue increasing by over 40% year-on-year. Management anticipates that BGB's total revenue will grow by 1.8% year-on-year in the second quarter, with profit margins continuing to improve sequentially. Baidu's Kunlun chip spin-off plan is progressing smoothly, and the company plans to enhance shareholder returns through share buybacks and dividends. Lyon expects Baidu's BGB marketing revenue to decline by 21% year-on-year in the first quarter, a larger drop compared to the 16% decrease in the fourth quarter of 2025. This is mainly due to the late Lunar New Year affecting seasonal performance and increasing competition in the AI advertising sector. However, AI-native marketing business has performed well, with revenue expected to grow significantly by 65% year-on-year to 2.8 billion yuan, representing 22% of BGB's total marketing revenue. Lyon maintains an 'outperform' rating for Baidu, with a target price of $176.

South Korean police have announced plans to intensify their crackdown on Tether laundromats, which are reportedly used by criminal organizations to launder funds using USDT. According to NS3.AI, Park Seong-ju stated that the Korean National Police Agency will enhance virtual asset investigation training in collaboration with the Financial Intelligence Unit and other related agencies.

The real cash flow generated by artificial intelligence makes it difficult to simply categorize this market boom as just another bubble, and Bitcoin may take advantage of this market resilience.

Trump Media & Technology Group posted a staggering $405.9 million net loss in Q1 2026, as the company’s aggressive Bitcoin accumulation strategy unraveled following a sharp downturn in crypto markets.

Artificial intelligence, AI agents, AI is an amplifier of capabilities. Ordinary people will only become more mediocre. Golden Finance: This is a story of species crushing species, not a story of tools helping their masters.

Marlon Ferro, a 20-year-old from California, was sentenced to more than six years in prison for helping steal over $250 million in cryptocurrency through hacking, scams, and home break-ins. US prosecutors said the group targeted wealthy crypto holders, stole hardware wallets, and spent the stolen money on luxury goods, travel, and nightclub parties.

A16Z, stablecoin, payment, financial system, a16Z: Why the name "stablecoin" fails to stand the test of time. Golden Finance: The industry has long since evolved, but the name remains unchanged.

Trump rejected Iran's latest ceasefire proposal, to which Iran retorted: "No one would draft a proposal just to please Trump."

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 3053, providing you with the latest and fastest news on the digital currency and blockchain industry.

On May 10, 2026, the one-day "AI Geek Competition and AI Singularity City Brainstorming Carnival" successfully concluded at the Beijing Shougang Langyuan STATION.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, mining information, project updates, technological advancements, and other industry dynamics.

The financial system, artificial intelligence, and the internet are in an uproar: Is the present a repeat of 1999? Golden Finance reports that amidst the market frenzy, the debate over bubbles is quietly heating up.