Brent Johnson, CEO of Santiago Capital and proponent of the 'Dollar Milkshake Theory,' spoke at the 'Bitcoin 2026' conference, highlighting the significant role of dollar stablecoins in supporting his theory. According to Foresight News, Johnson noted that global citizens are increasingly adopting dollar stablecoins due to their superior utility compared to local currencies. This trend effectively undermines national monetary sovereignty and reverses the 'de-dollarization' process into 're-dollarization,' causing concern among central banks worldwide. Johnson explained that the rise of stablecoins has somewhat suppressed Bitcoin prices, as funds that might have been invested in Bitcoin are instead directed towards Tether. However, he argued that for the U.S. to maintain the stablecoin system, it cannot easily suppress other digital assets, which inadvertently provides some protection for Bitcoin. He expressed skepticism about the permanence of fiat currencies, predicting that all fiat currencies will eventually revert to their intrinsic value of 'zero,' with the dollar being the last to fall. Johnson also mentioned that a Bitcoin price surge beyond $1 million would not surprise him, attributing such a scenario to global mass money printing. However, he doubted that most companies would follow Strategy's lead in adding Bitcoin to their balance sheets due to its high volatility, which boards of directors might find difficult to manage. Foresight News explained that the 'Dollar Milkshake Theory' describes the dollar's dominant position in the global monetary system. During times of economic uncertainty or sovereign debt crises, investors flock to the dollar, causing it to act like a 'straw' that draws liquidity from the global 'milkshake.' This strengthens the dollar further while exerting pressure on other countries, particularly those with significant dollar-denominated debt.

PANews posted on X (formerly Twitter). Ethena is gaining attention for several reasons. Firstly, it serves as the yield layer of the U.S. dollar economy. Secondly, it is the only protocol that connects the stablecoin economy with the perpetual economy through a single mechanism. Lastly, there is a pricing discrepancy for ENA, given a total fee rate of 3.6 times and zero value accumulation. This presents an asymmetry in any reasonable growth scenario, even those significantly below the management's set targets.

According to Odaily, former U.S. State Department senior official Henry S. Ensher has indicated that the Trump administration might consider Iran's proposal to end the ongoing war. This move aims to alleviate the escalating economic threats to the global economy.

According to the announcement from Binance, starting at approximately 2026-05-12 14:00 (UTC), the platform will temporarily suspend deposits and withdrawals of tokens on the Ronin network to facilitate its network migration. The migration is scheduled to occur at the block height of 55,577,490, which is expected to be around 2026-05-12 15:00 (UTC). It is important to note that the trading of tokens on the Ronin network will remain unaffected during this period. Binance has assured users that it will manage all technical requirements related to the migration process. Once the migration is completed and the network is deemed stable, deposits and withdrawals for tokens on the Ronin network will be reopened. Binance has indicated that no further announcements will be made regarding this matter. Users are encouraged to refer to the original English version of the announcement for the most accurate information, as there may be discrepancies between translated versions.

OpenAI CEO Sam Altman has issued a public apology following revelations that the company failed to alert authorities about a ChatGPT account linked to the suspect in the February mass shooting in Tumbler Ridge, a tragedy that left eight people dead.

Time magazine has released its list of "10 Most Influential AI Companies of 2026." Unlike simply comparing model capabilities, this list emphasizes the comprehensive shaping power of AI companies on the industry, technological pathways, and social impact. The companies included are ByteDance, Amazon, Zhipu, OpenAI, Alphabet, Meta, Anthropic, Alibaba, Mistral, and Hugging Face. Three of these are Chinese companies: ByteDance, Zhipu, and Alibaba. (Jinshi)

BitMEX founder Arthur Hayes stated at the 2026 Bitcoin Conference in Las Vegas that he expects the price of BTC to reach $125,000 by the end of the year, as wartime defense spending and the relaxation of new regulations in the US banking industry inject new liquidity into the market.

Time Magazine has announced its list of the 'Top 10 Most Influential AI Companies of 2026.' Unlike rankings that focus solely on model capabilities, this list emphasizes the comprehensive impact on industry, technological pathways, and societal influence. According to Jin10, the companies featured include ByteDance, Amazon, Zhipu, OpenAI, Alphabet, Meta, Anthropic, Alibaba, Mistral, and Hugging Face. Notably, three Chinese companies made the list: ByteDance, Zhipu, and Alibaba.

According to Iran's Tasnim News Agency, former senior U.S. State Department official Henry S. Ensher stated that Iran's proposal to end the war may be accepted by the Trump administration to alleviate the growing economic threat posed by the conflict to the global economy. (Jinshi)

Senator Thom Tillis has expressed his opposition to the Senate's crypto market structure bill unless it incorporates ethics provisions for White House officials. According to NS3.AI, Senator Ruben Gallego emphasized that a bipartisan agreement on the ethics provision is essential for the finalization of the bill. The House had previously passed its version, known as the CLARITY Act, in July.

According to Gate data, international spot gold and silver prices fell in the short term, with spot gold falling below $4,630 per ounce, a daily drop of 1.11%. Spot silver fell 3.00% on the day, currently trading at $73.21 per ounce.

Aptus Capital Advisors' Head of Fixed Income, John Luke Tyner, stated in a report that this week's Federal Reserve meeting will provide insights into which officials are inclined to respond to energy-related inflation and which view it as a temporary factor. According to Jin10, Tyner noted that the tone of this meeting is expected to be moderate, with no dot plot and likely no policy actions, paving the way for a more intense scenario in June, when Kevin Warsh is likely to preside over the meeting. Tyner mentioned that June will see the release of a new dot plot and allow more time to clarify the Middle East situation and its impact on the economy and inflation.

At the 2026 Bitcoin Conference, CFTC Chairman Mike Selig stated that the CFTC has "turned a new page" in the regulation of digital assets, and emphasized that the CFTC and SEC need a coordinated framework, rather than each developing overlapping or conflicting rules.

ZetaChain paused cross-chain transfers after an attack hit its GatewayEVM contract, affecting only internal wallets and not user funds. The team has blocked the attack path and is investigating, as wider DeFi security concerns continue.

At the 2026 Bitcoin Conference, SEC Chairman Atkins stated that the SEC is committed to embracing digital asset innovation, ending the enforcement-oriented regulatory model, and working with the CFTC to bring a clear regulatory framework to the U.S. cryptocurrency market.

Western Union has just announced that it will be launching its USDPT stable in May, marking a decisive shift from experimentation to full-scale integration of digital assets across its global payments infrastructure.

xAI’s court fight with Colorado over its AI law has been paused while both sides review possible changes and halt enforcement for now. The case centres on claims the law forces bias in AI systems, with the US Justice Department backing xAI’s constitutional challenge.

Behind Meta's failed acquisition of Manus lies the complete story of a Chinese AI startup's attempt to find a way out in the regulatory gap between China and the US, ultimately failing on both fronts.

China's halt to the Manus acquisition is not an isolated incident, but a typical example of the global trend of major economies tightening their scrutiny of foreign investment in cutting-edge technology sectors.

The global financial system is being restructured based on entirely new infrastructure, and the pace of this transformation is far beyond most people's comprehension. Stablecoins are the catalyst for this change, evolving into the underlying infrastructure of finance and becoming the underlying layer for a new generation of global financial products.