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04:07
Midday Key Developments on May 14
7:00 (UTC+8) - 12:00 (UTC+8) Keywords: Aave, Metaplanet, DeFi Development, Cerebras Systems1. Aave: Cross-chain transfers between the rsETH mainnet and L2 have resumed;2. Metaplanet postponed its preferred stock listing plan due to issues in the Japanese market structure;3. The US government seeks to confiscate $1.07 million in assets before the sentencing of former Celsius executives;4. Aave proposes integrating the Babylon protocol in V4 to launch a native BTC lending standalone module;5. Solana treasury company DeFi Development reports a 108% year-on-year increase in per-share SOL value;6. The bipartisan overnight negotiations on the "Clarity Act" did not reach an agreement; Democrats remain divided on the ethics and BRCA clauses;7. Artificial intelligence chipmaker Cerebras Systems raises $5.55 billion in its IPO, the largest so far this year.
04:05
Market Analysis: Profit Taking Triggers Copper Price Decline, Market Remains Optimistic About Outlook
According to Golden Ten Data on May 14, after surpassing the $14,000 per ton mark, copper prices fell back due to profit-taking. Nevertheless, Tony Sage, CEO of Critical Metals, pointed out in a recent report that thanks to long-term demand from artificial intelligence infrastructure, grid modernization, and the global energy transition—along with constrained supply—market participants remain bullish on the outlook for copper prices. He added that in the long run, the copper market could face potential supply shortages, which would provide support for copper prices.
04:05
The total net outflow of Ethereum spot ETF was $36.3007 million yesterday, marking the third consecutive day of net outflows.
Foresight News reports, according to SoSoValue data, yesterday (May 13, Eastern Time) the total net outflow from Ethereum spot ETFs was $36.3007 million. The Ethereum spot ETF with the highest single-day net outflow was BlackRock ETF ETHA, with a single-day net outflow of $21.1014 million. The total historical net inflow for ETHA has reached $11.876 billion. Next was Fidelity ETF FETH, with a single-day net outflow of $14.0396 million. The total historical net inflow for FETH has reached $2.202 billion. As of press time, the total net asset value of Ethereum spot ETFs is $13.186 billion, and the ETF net asset ratio (proportion of market value to total Ethereum market value) has reached 4.83%. The historical cumulative net inflow has reached $11.903 billion.
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