AiCoin Daily Report (May 12)

1. The U.S. government holds Crypto Assets worth $21.1 billion.

The value of the US government's Crypto Assets holdings has risen to $21.156 billion, which includes: · Holding 198,012 coins of Bitcoin, worth approximately $20.69 billion; · Holding 59,965 coins of Ethereum, worth approximately $150.7 million; · Holding 122 million coins of USDT. - Original text

2. Michael Saylor's Bitcoin investment profits reach 20 billion USD.

3. Rootstock enhances the security of Bitcoin DeFi.

Rootstock is one of many projects aiming to bring greater utility to Bitcoin by expanding its smart contract capabilities in DeFi.

4. Coinbase aims to become the largest financial services application in the world.

Coinbase CEO Brian Armstrong stated that with the help of traditional participants continuing to accelerate the adoption of Crypto Assets, the goal of this Crypto Assets platform is to become one of the largest financial services companies in the world within a few years. Brian Armstrong mentioned during Thursday's quarterly earnings call: "Currently, we are mainly focused on trading and payments, targeting our core customer base: retail, small and medium-sized enterprises, institutions, and developers. Our goal is to become the number one financial services application among the global customer base within five to ten years." -Original

5. Defillama discovered a hacker intrusion into the Lido oracle.

Odaily Planet Daily News: Defillama founder 0xngmi posted on the X platform stating that hackers managed to infiltrate one address in the Lido oracle's multi-signature, exposing their whereabouts after stealing 1.4 ETH. 0xngmi added that it might be worth putting some simple coins in a multi-signature wallet to act as canaries and raise alarms when the wallet is compromised. Previously, Lido DAO initiated an emergency proposal to replace the oracle node suspected of leaking private keys.

6. The Bank of Korea seeks early intervention in the approval of stablecoins.

The Bank of Korea emphasized that if a stablecoin backed by the Korean won is launched, the central bank should intervene from the initial approval stage. Ko Kyeong-cheol, head of the Bank of Korea's electronic finance team, highlighted at a recent financial law conference that stablecoins could significantly affect the central bank's ability to implement policies related to monetary policy, financial stability, and payment settlement. He stressed that the Bank of Korea should play a role in the approval process to minimize the potential negative impact of digital assets on the central bank's policy objectives.

7. OpenAI and Microsoft discuss funding release and IPO.

Odaily Planet Daily News: According to the Financial Times of the UK: OpenAI and Microsoft are in talks to unlock new funding and a future IPO. -Original text

8. CHEEL worth $110 million is about to be unlocked.

Next week, 4 crypto projects will undergo token unlocks, releasing a total value of approximately $260 million. On May 12, APT will unlock about 11.3 million coins, valued at approximately $66.27 million, which accounts for 1.131% of the total supply; on May 13, CHEEL will unlock about 20.81 million coins, valued at approximately $110 million, which accounts for 2.081% of the total supply; on May 13, ZKJ will unlock about 17.22 million coins, valued at approximately $37.71 million, which accounts for 1.722% of the total supply; on May 17, AVAX will unlock about 1.76 million coins, valued at approximately $43.41 million, which accounts for 0.245% of the total supply.

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