24H Flash Updates

ChainThink report, May 22: According to an official announcement, Varun Mohan, core member of Google's Antigravity team, declared that starting immediately, the weekly Gemini model API call quota cap for all paid subscription plans has been increased by another 3x.

Following the 3x quota adjustment from the previous day, the baseline allocation now accumulates to 9x the original version. Meanwhile, the official has reset all paid users' current week usage to zero, providing greater computational capacity headroom.

Multiple developers in the community have expressed skepticism. Some commenters noted that the Antigravity team previously experienced severe quota shrinkage, with invocation limits so stringent that even light users who occasionally used sidebar chat features rapidly triggered caps, pushing the product into a state of complete unavailability—what they describe as "asphyxiation mode."

One developer explicitly stated that the official move is essentially rectifying prior excessively unreasonable restrictions, yet it is being rebranded as a generous "quota increase" marketing narrative.

ChainThink report, May 22: According to on-chain data, the Hyperliquid token HYPE hit a new all-time high yesterday, driving strength across its ecosystem tokens.

Among them, the Hyperliquid ecosystem meme coin PURR is now trading at $0.1301, up 19.67% over the past 24 hours; the sister token JEFF within the same ecosystem is priced at $4.07, surging 32.43% in the last day.

Additionally, Hyperliquid Strategies Inc (PURR), the HYPE treasury-listed company, closed up 4.43%, followed by a further 1.06% gain post-market, now trading at $8.57.

ChainThink report, May 22: According to on-chain analyst Ai Yi (@ai_9684xtpa), the "Whale 1011" who previously suffered a $23 million liquidation has recently made a significant allocation in crypto assets, with current total holdings exceeding $40 million.

This whale holds $39.21 million in BTC long positions at 5x leverage, equivalent to 504.4 BTC. It simultaneously holds $249,000 worth of HYPE spot, planning to place limit orders to buy an additional $115,000 of HYPE within the price range of $49.725 to $52.36.

It has initiated a 3x leveraged short position in ZEC worth $126,000, and plans to place limit sell orders for $122,000 of ZEC within the price range of $653.58 to $661.4.

ChainThink message, May 22, according to on-chain analyst Aunt Ai (@ai_9684xtpa), the "BTC OG insider whale" has initiated shorting ZEC.

The whale currently holds 2,028 ZEC short positions with 3x leverage, valued at approximately $1.33 million, while simultaneously placing limit sell orders for $1.22 million worth of ZEC in the price range of $653.58 to $661.40.

ChainThink news, May 22: According to sources familiar with the matter cited by Bloomberg, Polymarket has appointed a representative in Japan and is preparing to lobby relevant authorities to advance the legalization of prediction markets in the country. The sources requested anonymity as the plans have not yet been publicly disclosed.

Polymarket aims to secure approval from the Japanese government by 2030, viewing Japan as an underdeveloped market with substantial untapped potential.

ChainThink News, May 22: According to Jinnshi, Nomura Securities has revised its Federal Reserve interest rate outlook, now expecting rates to remain unchanged through 2026. The firm previously forecasted rate cuts by the Fed in September and December 2026.

ChainThink report, May 22: According to an official announcement, GLM-5.1 High-Speed API is now available to select enterprise clients via Zhipu AI, achieving a model output speed of 400 tokens/s—setting a new global benchmark for end-to-end throughput on official large model APIs.

This high-speed version is powered by a high-performance inference engine co-developed by Zhipu and TileRT, which re-engineers GPU execution scheduling. During compilation, the model is statically orchestrated into a persistent Engine Kernel resident on GPU memory, decomposing single-card inference into tile-level micro-tasks involving computation, asynchronous I/O, and communication, thereby eliminating latency bubbles inherent in traditional inference pipelines.

When scaled across multiple cards, TileRT extends its parallelization strategy to an 8-GPU NVL topology, employing specialized heterogeneous Workers to achieve deep overlap between computation and inter-card communication.

The service is currently available to select enterprise clients on the Zhipu MaaS platform. Future enhancements will focus on optimizing FP8 inference and long-context production environments, delivering more deterministic performance for low-latency-sensitive applications such as AI coding, real-time interaction, and real-time speech processing.

ChainThink news: According to the official announcement, NEAR Protocol will launch the Dynamic Resharding feature, which enables automatic scaling of shard count based on network demand without manual intervention.

Currently, adding shards to the NEAR protocol still requires a full protocol upgrade process involving validator coordination, voting, and phased deployment. After the Dynamic Resharding feature goes live, when a shard reaches its state size threshold, it will automatically and deterministically split, with the split validated by state attesters.

This functionality will enhance NEAR's horizontal scalability, enabling infrastructure such as NEAR Intents to scale automatically in response to demand. Additionally, the accompanying network upgrade 2.13 will introduce post-quantum secure signatures, expected to be deployed in June.

ChainThink News: According to GMGN monitoring, early this morning, Binance Co-CEO He Yi reposted CZ's original English-language book launch tweet on X platform. The original tweet was posted on May 2nd, featuring book introduction, audiobook versions in both Chinese and English, with proceeds earmarked for charitable causes.

The homonymous Meme coin "Freedom of Money" on the BSC chain experienced a short-term surge in market cap, peaking at $12 million before retreating to $9.4 million. It maintains a 25.6% increase over the past 24 hours, with on-chain trading volume reaching $2.6 million during the same period.

Please note that Meme coin trading is highly volatile, largely driven by market sentiment and speculative hype, lacking intrinsic value or practical use cases. Investors should remain vigilant toward associated risks.

ChainThink report, May 21: According to data from Trader T (@thepfund), Bitcoin spot ETFs recorded a net outflow of $100.81 million on May 21.

BlackRock's IBIT saw a net outflow of $103.64 million, the largest outflow source of the day; Ark's ARKB recorded a net inflow of $2.83 million;

Fidelity's FBTC, Bitwise's BITB, Morgan Stanley's MSBT, Invesco's BTCO, Franklin's EZBC, Valkyrie's BRRR, VanEck's HODL, WisdomTree's BTCW, Grayscale's GBTC, and Grayscale Mini BTC all registered zero capital flows for the day.

ChainThink news, May 22: According to a tweet from Jeremy Allaire, CEO of Circle, Circle Wrapped Bitcoin (cirBTC) is set to launch. Users can now obtain the product via testnet Faucets on both Arc and Ethereum networks for testing purposes.

Previously disclosed information indicates that cirBTC is a tokenized Bitcoin product backed 1:1 by native BTC, specifically designed for institutional markets. Its reserves are verifiable in real-time on-chain through independent verification, making it suitable for institutional use cases such as OTC trading desks, market makers, and lending protocols.

The product will initially launch on Ethereum and the Arc platform, with future plans to expand across a multi-chain ecosystem. It will be seamlessly integrated with Circle’s USDC, Arc, and Circle Mint, delivering a comprehensive end-to-end solution.

ChainThink message, according to The Block, Ark Invest, led by Cathie Wood, purchased a total of 139,117 shares of Bullish stock through its ARKK, ARKW, and ARKF ETFs on Thursday, valued at approximately $5 million.

Adding the cumulative purchases of $4.4 million on Monday and Tuesday this week, Ark Invest has been steadily increasing its long position in Bullish recently.

Bullish's share price closed down 2.73% to $35.96 that day, marking an 8.9% decline over the past five trading sessions and a 14.2% drop over the last month.

Previously, Bullish's Q1 financial report revealed that net losses expanded to $604.9 million, nearly doubling year-over-year, while adjusted revenue grew from $62.4 million to $92.8 million.

ChainThink News, May 22: According to Cointelegraph, a South Korean cryptocurrency tax repeal petition has surpassed the 50,000-signature threshold, meeting the criteria for submission to the National Assembly's legislative committee for review.

The petition calls for the abolition of the 22% tax on cryptocurrency gains, arguing that this rate imposes an excessive burden on crypto investors, creating significant tax inequities compared to other asset classes, and potentially hindering wealth accumulation among younger generations.

The petition also warns that mandatory taxation could generate short-term fiscal revenue but may lead to long-term contraction of the crypto industry, capital flight, and brain drain, negatively impacting South Korea’s competitiveness in the Asia-Pacific crypto market.

South Korea originally planned to implement a 22% tax on cryptocurrency gains starting January 2027.

ChainThink news, May 22: According to an official announcement, the Meme token issuance platform Pump.fun has launched a USDC trading pair liquidity pool feature, enabling creators to now issue tokens using USDC instead of SOL.

This move aims to mitigate the negative impact of SOL price volatility on bonding curves. Previously, SOL pairs often resulted in an initial market cap of around $2,000, with early supply being accumulated at low cost, leading to issues such as uneven token distribution and low caps.

The new USDC pairing raises the initial market cap to $4,000, with the bonding mechanism triggering at approximately $58,800. Early supply acquisition costs increase by about 67%, reducing malicious hoarding behavior while simultaneously decreasing reliance on SOL price fluctuations, offering a more accessible trading experience for retail users.

Additionally, platform revenue generated from USDC pairings will continue to be used for PUMP token buybacks and burns under existing rules.

ChainThink News, May 22nd, according to market data, AI application stocks on the Hong Kong stock exchange strengthened during midday trading.

Specifically, Zhipu (02513.HK) rose over 22%, MINIMAX-W (00100.HK) gained more than 7%, Xunce (03317.HK) increased by 8%, and Suteng Juchuang (02498.HK) climbed 1.7%.

ChainThink News, May 22: According to EmberCN, Trump Media & Technology Group (NYSE: DJT) has incurred a cumulative loss of $455 million on its Bitcoin investments as of now, still holding 6,889 BTC, valued at approximately $533 million.

The group acquired 11,542 BTC between July and August last year through equity sales and convertible bond offerings, totaling $1.368 billion, with an average purchase price of $118,529 per BTC.

Earlier this year, it sold 2,000 BTC at an average price of $87,380. Today, it transferred another 2,650 BTC into trading platforms, representing assets worth around $205 million.

ChainThink News, May 22: According to an official Twitter announcement, Bankr is continuing its investigation and remediation efforts in collaboration with external partners such as zeroShadow. Full functionality restoration is expected to extend into next week following additional security audits and monitoring measures.

In the short term, Bankr may gradually restore token issuance capabilities and certain "read-only" functions, allowing users to view account information such as balances. Wallet transaction functionalities (including swap, transfers, and other outbound operations) will remain suspended during the review period.

As previously disclosed by the official team, an attacker has gained access to 14 Bankr wallets. The affected functions have been temporarily locked, and the team has committed to full compensation for user losses.

ChainThink news, May 22: According to an official announcement, the Ethereum Layer2 network Zero Network has announced the cessation of operations after operating for one and a half years.

The team stated that the vision of building a Gas-free Rollup remains valid; however, maintaining an independent blockchain is not the correct path toward achieving this vision. Resources will now be refocused on Zerion's API and wallet services.

User assets remain secure. The asset withdrawal function has been suspended, and users must cross-chain transfer their NFTs, ETH, or other tokens off the network before end of July.

ChainThink news, according to the official announcement, Bithumb will list the OPG/KRW trading pair.

ChainThink report, Polymarket official Mustafa stated on X that the "Taker Fee Rebate Program" will launch next week, with users directly taking orders eligible for fee rebates of up to 50%.

According to data disclosed by Mustafa, to trigger the taker fee rebate, users must have a weighted trading volume exceeding $2,000 over the past 30 days; to qualify for the highest tier (50% rebate), the weighted trading volume over the past 30 days must exceed $10 million.