Foreign investors have withdrawn funds from India at an unprecedented scale, according to Odaily. This information was reported by the Financial Times, highlighting a significant shift in investment trends. The withdrawal marks a historic high in terms of the volume of funds being pulled out of the country.

Bitcoin perpetual futures funding rates briefly surged to an annualized rate of 6% as Bitcoin tested the $82,000 mark. According to NS3.AI, despite this spike, derivatives positioning remained cautious. Additionally, spot Bitcoin ETF outflows on Thursday and Friday contributed to the cautious market sentiment.

U.S. XRP spot ETFs experienced a notable influx of funds, recording $25.7958 million in total net inflows in a single day on May 11, Eastern Time. According to NS3.AI, the Franklin XRP ETF was at the forefront, attracting $13.62 million. The total net assets across all XRP spot ETFs reached $1.184 billion.

The cryptocurrency market experienced a general decline over the past 24 hours, according to NS3.AI. Layer 2 sectors saw a decrease of 2.62%, while CeFi was the only sector to register an increase, rising by 0.42%. Data from SoSoValue indicated that ssiRWA, ssiAI, and ssiDeFi sectors fell by 7.75%, 5.87%, and 4.02%, respectively.

OpenAI is reportedly preparing for an initial public offering (IPO), according to the Wall Street Journal. As the company moves forward with its plans, OpenAI CEO Sam Altman's personal investments are facing increasing scrutiny from Republican lawmakers. This development comes amid heightened attention on the financial activities of key figures in the AI industry.

Elon Musk's artificial intelligence model, Grok, is reportedly lagging behind its rapidly growing competitors. According to Odaily, a significant computing power leasing agreement between its parent company, SpaceX, and Anthropic has raised questions about Grok's ability to catch up with industry leaders. Since its launch two years ago, Grok has attracted millions of users through its integration with Musk's social platform X and features like the controversial 'AI Companion.' However, recent data indicates that its growth momentum has stalled. Analysis from AppMagic reveals that Grok's downloads dropped to approximately 8.3 million in April this year, down from over 20 million in January. A survey conducted by research firm Recon Analytics, involving over 260,000 U.S. AI users and professionals, shows that the percentage of respondents willing to pay for Grok remained nearly unchanged at 0.174% in the second quarter of 2026, compared to 0.173% a year earlier. In contrast, more than 6% of respondents reported having paid for ChatGPT.

Bitcoin’s peer-to-peer network is experiencing a mysterious and unprecedented surge in node-related IP addresses, with daily unique addresses suddenly exploding from a long-standing range of roughly 30,000–60,000 to nearly 250,000 by May 2026 — a spike that has alarmed parts of the Bitcoin developer community.

OpenAI launched a new AI deployment company backed by more than $4 billion to help businesses integrate AI into daily operations. It is also acquiring Tomoro to bring in around 150 AI engineers and deployment specialists.

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