eBay has turned down a $56 billion acquisition proposal from GameStop, according to market sources. The offer was deemed "neither credible nor attractive" by eBay. According to Odaily, GameStop had proposed on May 4 to acquire eBay through a combination of cash and stock, offering $125 per share. GameStop CEO Ryan Cohen stated that the company already holds approximately 5% of eBay's shares. He also mentioned that if eBay rejects the acquisition proposal, GameStop might consider launching a proxy battle and directly presenting the proposal to eBay's shareholders.

JPMorgan Chase & Co. has invested hundreds of millions of dollars over more than a decade in developing blockchain systems. According to Bloomberg, this technology was anticipated to significantly transform financial markets. However, it has not yet achieved the expected revolutionary impact.

OpenAI has announced plans to extend its 'Trusted Access Program' to several dozen European companies. According to Jin10, this initiative aims to enhance collaboration and integration of AI technologies across various industries in Europe. The expansion reflects OpenAI's commitment to fostering innovation and ensuring secure access to its AI tools and resources for European enterprises.

According to the announcement from Binance, the platform is set to introduce the edgeX Trading Competition on Binance Alpha. This event will allow participants to trade edgeX (EDGE) tokens using their Binance Wallet (Keyless) or via Binance Alpha, with the opportunity to earn exclusive token rewards. The competition is scheduled to run from 2026-05-12 13:00 (UTC) to 2026-05-19 13:00 (UTC). Participants will be ranked based on their total purchase volume of EDGE tokens during the promotion period. The top 2,560 users will share a pool of 76,800 EDGE tokens, with each receiving 30 EDGE tokens. The competition introduces an Early Bird Boost Multiplier, encouraging early and consistent trading. This multiplier increases a user's base trading volume, making early trades more valuable. The daily effective trading volume is calculated by multiplying the actual trading volume by the Early Bird Boost Multiplier. For example, trades made on the first day of the promotion will receive a 4x multiplier, while trades on the last day will not receive any multiplier. Only trades executed via Binance Wallet (Keyless) or Binance Alpha are eligible, and only cumulative purchases count towards the competition. Rewards will be distributed in EDGE tokens and will be claimable by eligible users before 2026-05-26 13:00 (UTC). Users must claim their rewards within 14 days, or they will be forfeited. To participate, users must click 'Join' on the Binance App event page, and only trading volume generated after joining will be counted. Binance reserves the right to amend the terms of the competition at any time, and only users with active Binance accounts are eligible to participate.

Tech stocks experienced a downturn as oil prices surged due to ongoing tensions with Iran. Bloomberg posted on X, highlighting the impact of geopolitical factors on market dynamics. The rise in oil prices is attributed to the stalemate in negotiations with Iran, which has led to increased uncertainty in the energy sector. This development has affected investor sentiment, causing a ripple effect across technology stocks. Analysts are closely monitoring the situation, as prolonged geopolitical tensions could further influence market trends. Investors are advised to stay informed on the latest updates to navigate the volatile market conditions effectively.

Bitcoin's recent rise above $80,000 is attributed more to leverage than actual spot demand, according to Wintermute. The firm noted that open interest increased by approximately $10 billion over the past month. According to NS3.AI, Wintermute also highlighted that spot trading volume has dropped to its lowest level in two years, describing the situation as a classic short squeeze setup.

Shares of Circle surged nearly 16% Monday to $131.76 — their highest level since March — after the USDC issuer delivered strong Q1 earnings and unveiled a massive $222 million ARC token raise that reinforced investor confidence in the rapidly expanding stablecoin economy.

Artificial Intelligence, Post-2000s Dropouts: Three Weeks of Code, Three-Person Team Creates Top 10 Consumer AI Applications in the US (Golden Finance), Three Young Men Manage the World's Largest Female-Oriented AI Romance Fantasy Website.

Prediction markets are wealth transfer machines, and bots are their operators.

Santa Clara County in California has sued Meta, accusing it of earning up to $7 billion a year from scam ads on Facebook and Instagram. It claims Meta failed to properly stop fraudulent ads and may have prioritised revenue, while Meta denies the allegations.

Sam Altman has once again ignited the AI world — this time launching a fully autonomous coding agent that would work independently like "Goblins" without the need of any supervision or looking after.

On the evening of May 11, Circle presented a fairly standard financial report, but instead told a future story that excited the market.

An industrial city without top universities, pioneering reforms, or a financial center status has transformed its manufacturing industry into the most scarce asset in the AI ​​era over the past thirty years.

On February 10, 2026, Google's parent company, Alphabet, issued a bond in London with a maturity date of one hundred years from now.

South Korea’s presidential policy chief Kim Yong-beom suggested using extra tax money from the AI and chip boom to pay a “national dividend” to all citizens. The idea has triggered debate as Samsung and SK Hynix face rising pressure from workers demanding a bigger share of profits, while markets reacted with sharp swings.

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