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00:16
Soaring chip stocks suffer heavy losses as the Philadelphia Semiconductor Index plunges 6% at one point, but momentum correction is unlikely to disrupt the "AI bull market narrative".
For some of the top-performing leaders in the chip industry this year—especially those who have staged a spectacular rebound since April after plummeting due to the Middle East geopolitical conflict—this definitely marks a dramatic reversal. With inflation data exceeding expectations, increasingly pronounced disagreements between the US and Iran over restarting negotiations, and momentum trading indicators reaching extreme levels that have historically signaled sharp short-term sell-offs, the chip stocks that have soared recently experienced a rare single-day plunge on Tuesday.
00:16
Ethereum Foundation supports Clear Signing cryptographic security solution
According to ChainCatcher, as reported by The Block, the Ethereum Foundation is promoting the standardization of the Clear Signing security solution. It has launched a public registry for submitting and distributing contract descriptors, designated ERC-7730 proposed by Ledger as the shared format, and is hosting a toolkit to support Clear Signing. Clear Signing aims to replace "blind signing," allowing users to read transaction descriptions before approval. For example, displaying "Swap 100 USDC for 0.05 ETH on Uniswap" instead of opaque hexadecimal data. The Ethereum Foundation stated that transactions should provide clear, human-readable, and structured descriptions so that wallets can reliably present this information to users. To achieve this, ERC-7730 will serve as an open standard and clearsigning.org will act as a public descriptor registry. Anyone can submit contract descriptors, which will be reviewed and certified by independent security experts. Wallets can extract the verified descriptions to clearly present them to users, and this solution is compatible with existing contracts since the descriptors are stored off-chain in the registry.
00:15
Japanese and South Korean Stock Markets Open Lower, KOSPI Index Falls 1.69%
On May 13, the Nikkei 225 index opened down 0.56%, at 62,392.94 points; the South Korean KOSPI index fell 1.69%, at 7,513.65 points. (Dongxin News Agency)
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