CandleLibrarian

According to The Information, the 1155 F Street building in Washington has become the cryptocurrency industry’s “lobbying command center.” Multiple key organizations are gathered there, including Coinbase, DCG, the Blockchain Association, and Injective on the third floor, as well as the Solana Policy Research Institute, Hyperliquid Policy Center, and the DeFi Education Fund on the tenth floor. Venture capital firm Paradigm is set to move in. White House officials, Capitol Hill staffers, state lawmakers, and congressional candidates seeking cryptocurrency support have all visited the building.

CryptoWorld News: BTC price breaks above $78,000, with over $30 million in short positions liquidated in the past 4 hours.

CoinWorld News, Zhipu, in collaboration with Yuxun Network and Tsinghua University, proposed the next-generation large model inference network architecture ZCube, aimed at solving the increasingly severe structural network congestion problem in the PD (prefill-decode) separated deployment of large models. The ZCube architecture has been implemented in the GLM-5.1 coding Kcal online production environment. This architecture eliminates spine layer switches, adopts a fully flattened network topology (2-hop network diameter), and combines single/multi-track hybrid access mechanisms to achieve load balancing of traffic across switches between nodes. In benchmark tests, compared to traditional architectures, ZCube reduces switch and optical module hardware costs by 33%, while the average GPU inference throughput increases by 15%, and the 99th percentile latency (TTFT) for the first token drops by 40.6%.

AIMPACT reports that a16z partners predict the record-keeping systems dominated by Salesforce and HubSpot will disintegrate, and the value of enterprise software will shift toward intelligent scheduling layers, with CRM receding to serve as the underlying interface for AI Agents. AI will fetch data and make decisions across calendars, emails, Slack, and other platforms, turning the moat into scheduling capabilities. Two counterintuitive points: AI does not reduce human involvement; instead, it enhances sales conversion rates; and CRM usage increases due to AI automatically generating notes. In the future, pure scheduling capabilities may be easily overshadowed by large models, and SaaS could transform into a central hub and execution platform for Agent operations.

CoinWorld News, Hester Peirce, also known as the "Crypto Mom," a commissioner of the U.S. Securities and Exchange Commission (SEC), plans to leave the SEC in 2026 to join Regent University School of Law as an associate professor. Peirce has served as an SEC commissioner since 2018 and led the agency's crypto task force in 2025. She is widely known for supporting clearer cryptocurrency regulations and criticizing enforcement-focused regulatory approaches. Peirce's departure has sparked concerns over leadership vacancies at the SEC, especially as Congress discusses new legislation for the crypto market. Peirce's influence is widely recognized in the crypto industry, and her departure is seen as the end of an important era in U.S. digital asset regulation.

BlockBeats News, May 21 — Crypto financial infrastructure Cycles announced the completion of a $6.4 million seed round funding, led by Blockchange Ventures, with participation from Coinbase Ventures, Compound VC, Primitive Ventures, and others. This round brings its total funding to $8.7 million. The new capital will help Cycles Prime and Cycles Pay expand their scale, with Lynq and FalconX joining as key partners.

Cycles was founded by Ethan Buchman from Informal

Dogecoin Treasury Company announces the advancement of Dogecoin Gold development, implementing a blockchain asset framework that links tokens to physical gold reserves. Each token represents nanogram-level gold, with 1 billion tokens equaling 1 gram of gold, exchanged in whole grams, created upon gold deposit, and destroyed after verification. The project is still in the development and evaluation stage, with no tokens issued yet. The white paper is being prepared, and the final technical structure, custody, and launch timing are to be determined.

ME News Report, May 23 (UTC+8), global investors are feeling optimistic today, pushing the S&P 500 index to potentially record its eighth consecutive week of gains. Driven by the ongoing surge in artificial intelligence, aerospace, and other emerging technologies, U.S. stocks are rising, possibly setting the longest weekly winning streak since December 2023. Asian and European stock markets are also rising in sync. (Source: ChainCatcher)

CoinWorld news: U.S. Director of National Intelligence Tulsi Gabbard is set to step down. During her term, she was basically excluded from President Trump’s national security operations, including actions in Venezuela and Iran. Insiders revealed that Gabbard told colleagues that the reason she is leaving is that her husband was diagnosed with terminal cancer.

The Hong Kong-approved stablecoin HKDAP has completed transfer testing on the Ethereum mainnet, with reserves backed by Standard Chartered and others, and it plans phased issuance; the U.S. House of Representatives is investigating alleged insider trading involving Kalshi and Polymarket, and compliance materials must be submitted; Pythnet/Hermes went down for more than 4 hours, affecting multiple data sources; the China Securities Regulatory Commission plans to impose severe penalties on Tiger Brokers NZ, Futu Securities International, and Changqiao Securities for illegal cross-border sales and trading services; Glassnode says that about 6.04 million BTC public keys have been exposed, worth approximately $469 billion, facing potential quantum attack risk, and another 13.99 million keys have not been exposed, with exposure reasons stemming from both structural and operational factors.

SEC Commissioner Hester Peirce is cautious about the upcoming "Innovation Exemption," stating that the exemption applies only to on-chain versions of the same underlying equity securities that are already traded on the public secondary market, and that the scope should be very limited. Her remarks come from a Bloomberg report discussing the conditional exemption framework and exclude synthetic stock-style tokens. Despite rising interest in tokenized stocks, they still amount to only about $148 million in on-chain assets.

BlockBeats News, on May 21, the initial unemployment claims for the week ending May 16 in the United States were 209k, slightly below the expected 210k, with the previous value at 211k.

⬛ FORTUNE AI QUANT | $ME
🔲 Directional Bias: Bullish
⚡ Spot Synthesis: Price shows upward movement accompanied by strong trading velocity and elevated volume, indicating active buying interest while fundamental tags remain unspecified.
🩸 Leverage Profile: Open interest is notable, yet the funding rate is negative, suggesting that shorts are receiving payments; without additional liquidation or long/short ratio data, the leverage picture points to mixed signals with derivative participants favoring short positions despite spot strength.
📉 Narrative Catalyst: The token lacks defined narrative tags, making it difficult to link the observed volume surge to any specific theme or story.

BlockBeats News, May 22 — The signing of the AI executive order scheduled for today has been postponed, and Trump responded by saying, "I am dissatisfied with certain aspects."

Earlier reports indicate that the White House canceled the ceremony originally planned for President Trump to sign a new executive order on artificial intelligence and cybersecurity. According to the notice, the event has been rescheduled for a later date.

Hark completes $700 million Series A funding, post-investment valuation of $6 billion, led by Parkway Venture Capital, with participation from NVIDIA, AMD Ventures, and others. The funds will expand GPU infrastructure, accelerate large model research and development, grow the team to 200 people, and develop next-generation AI hardware, aiming to create a personal intelligent system with voice interaction, visual understanding, persistent memory, and highly personalized features.

CryptoWorld News reports that ZEC rose 15% in a single day after confirming a bullish flag breakout, with the current price at $660.21. The long-term structural breakout and the removal of regulatory risks have brought positive sentiment: spot buying has surged, institutions have accumulated heavily, and it has decoupled from traditional L1 (layer-1) assets / public-chain assets. The SEC’s investigation into the foundation concluded with zero fines, clearing long-term institutional discount factors and prompting companies and venture capital to accelerate their entry, changing supply dynamics and potentially keeping the price rising over the coming weeks.

BlockBeats reports on May 21 that, along with HYPE's continuous rise, liquidity is flowing out to the Hyperliquid ecosystem tokens. PURR is currently priced at $0.109, up 20% in 24 hours; KNTQ at $0.214, up 19% in 24 hours; Hyperliquid Strategies Inc (PURR) increased 13.3% last week, up 43.97% in a month. Investors are reminded that token prices are highly volatile, and caution is advised when investing.