deep

DeepSeek plans to raise approximately $7 billion in its first round of financing, with a valuation of up to $59 billion. Tencent and CATL will become DeepSeek's largest external investors; NetEase and JD.com also plan to participate in the investment.

The cryptocurrency exchange Deepcoin announced that it has been approved for an official license as a Bitcoin Service Provider (BSP) issued by the Central Reserve Bank of El Salvador (Banco Central de Reserva), allowing it to provide regulated Bitcoin-related services under the local compliance framework, including Bitcoin custody, Bitcoin trading, and Bitcoin-related exchange services.El Salvador is the first country in the world to establish Bitcoin as legal tender. The BSP license issued by its central bank directly connects the dual currency system of the US dollar and Bitcoin, and adopts international banking-level high standards for review in international anti-money laundering (AML/CFT) and risk control frameworks. This endorsement by a sovereign nation's legal currency, combined with a very high technical threshold, gives the BSP license significant industry value.Previously, only a few global trading platforms, such as Binance and Bitfinex, had passed this rigorous compliance review. Deepcoin's successful approval means that its technical security and compliance governance have reached the standards of leading international platforms and have received the highest recognition from sovereign regulatory authorities.Having been deeply involved in the industry for many years, Deepcoin has always adhered to the principle of "compliance first." In the future, Deepcoin will strictly operate within the regulatory framework, accelerating the expansion into emerging global markets, and providing local and global users with safe, robust, transparent, and innovative trading services.

According to Cointelegraph, Bitcoin fell to a nearly two-month low on Tuesday, as the divergence between cryptocurrencies and traditional stock markets continued to deepen. Bitcoin briefly dropped to $70,023 on Coinbase, the lowest level since April 7, with a daily decline of over 4% and a weekly decline of 8%, down 44% from the October peak of $126,000.Meanwhile, the S&P 500 index set a new historical high of over 7,600 points on Monday, and the Nasdaq index peaked above 27,000 points. Andri Fauzan Adziima, head of research at Bitrue, stated that Bitcoin is currently the only major asset in a downtrend, and this divergence is worth noting, indicating that Bitcoin resembles a high-beta risk asset linked to macro sentiment rather than an independent hedging tool.Santiment noted that the gap between traditional stocks and cryptocurrencies has become hard to ignore, leading investors to increasingly prefer stocks over Bitcoin and altcoins, with capital often rotating from crypto to the stock market. However, Santiment pointed out that this pattern will not last forever; when mainstream influencers begin discussing the dominance of stocks, it usually indicates that market sentiment is overly biased towards stocks, and market trends often move contrary to the expectations of most traders.

LBank has deeply integrated RootData data in the trading page update. Users can now view project introductions, financing, team members, calendar events, and other data through the currency detail page, allowing users to understand project information more clearly and accurately when investing, reducing information barriers and noise.Currently, the cumulative partners of the RootData API have exceeded 200, including Binance, OKX Wallet, Gate, HashKey Exchange, TokenPocket, Ethereum Foundation, CertiK, Blockworks, Amber Group, CMT Digital, CoinPost, BlockBeats, Minara AI, and others, covering various application scenarios such as exchanges, wallets, security audit companies, institutions, data information platforms, AI products, and media.

Two informed sources revealed that CATL plans to participate in the financing activities of the domestic artificial intelligence company DeepSeek. DeepSeek's first round of financing aims for approximately 50 billion yuan, which may be completed as early as next month, and after the transaction, the company's valuation may exceed 350 billion yuan. JD.com and NetEase have also been reported to be in talks to invest, but the final investors and amounts may still be adjusted.In recent years, CATL has been accelerating its layout in the AI data center infrastructure business. In addition to power batteries, it also provides backup power batteries and energy storage systems for data centers. Earlier this month, a CATL affiliate invested $942 million in GDS Holdings and invested in the power supply system manufacturer Zhongheng Electric.Reports indicate that DeepSeek has built its own data center in Inner Mongolia and is currently recruiting data center operations and maintenance personnel in Inner Mongolia. Due to the rapid growth in AI computing power demand, the demand for energy storage and stable power supply in data centers has also increased, allowing CATL to further enter the AI infrastructure track.Previous reports stated that DeepSeek's current round of financing has attracted attention from several Chinese capital sources, including the national AI investment fund and technology giants. DeepSeek has not yet achieved large-scale revenue, but its low-cost open-source model has already created competitive pressure on companies like OpenAI and Anthropic.

SpaceX's initial public offering (IPO) prospectus (Form S-1) shows that there is extensive business and equity overlap among several companies owned by Elon Musk. In this 330-page document, "Tesla" is mentioned 87 times, "xAI" appears 356 times, "X" appears 267 times, and "The Boring Company" and "Neuralink" are mentioned 7 times and 3 times, respectively. In terms of equity, Tesla holds approximately 19 million shares of SpaceX Class A common stock, accounting for less than 1%. In February of this year, after Musk merged his artificial intelligence company xAI with SpaceX, Tesla's shares in xAI were converted into SpaceX shares.In terms of business transactions, SpaceX purchased $131 million worth of Cybertrucks from Tesla at the manufacturer's suggested retail price. Previously, it was reported that SpaceX purchased 1,279 Cybertrucks in the fourth quarter of 2025, and the prospectus suggests that the actual purchase quantity may be higher. Additionally, SpaceX purchased $697 million worth of Megapack energy storage batteries from Tesla in 2024 and 2025 to stabilize peak demand at its Colossus I and II data centers located in Memphis, Tennessee.The prospectus also reveals the financial pressures brought about by the merger. SpaceX will allocate approximately 60% of its capital expenditures (about $20 billion) to xAI in 2025, but xAI's revenue grew only 22% year-over-year last year, and it incurred losses amounting to billions of dollars. In the risk factors section, SpaceX explicitly lists Musk himself as a major risk. The document states that the company "is highly dependent on Musk's continued services," and his leadership, vision, and technical expertise are crucial to the company's future.At the same time, SpaceX acknowledges that Musk is not always 100% focused on company affairs, and several of his companies may compete with each other or encroach on each other's business in certain areas. Musk is not restricted from engaging in activities that may directly compete with SpaceX, which could lead to potential conflicts of interest in the future. Furthermore, Musk's statements and actions may have positive or negative impacts on the company's business, customer relationships, regulatory relationships, or stock price.

OneBullEx's Brazil head Yonn Weigl represented the platform at a Web3 career opportunities event held at the University of São Paulo (USP). The event was organized by Blockchain on the Road and supported by USP's student blockchain organization Polichain, focusing on Web3 career paths, emerging skill demands, and opportunities in Brazil and the Latin American region. USP is one of the representative top universities in Brazil and Latin America, while Polichain is an important student organization that connects students on campus with blockchain research, technology discussions, and industry opportunities.During the event, OneBullEx delivered a 20-minute keynote speech. Yonn gave a speech in Portuguese titled "IA opera. Humanos decidem. E você, onde quer estar?" (AI operates. Humans decide. And you, where do you want to be?), sharing insights on AI automation execution, human judgment, Web3 career choices, and the evolution of trading infrastructure. He stated that AI is responsible for execution, humans are responsible for decision-making, and the real difference lies in who can choose their position before the market makes choices for them.In the subsequent roundtable discussion, Yonn exchanged ideas with representatives from Ripple, Banco Inter, Chiliz, Oxus Finance, Biobots, and the USP academic research community, covering topics such as Web3 career opportunities, stablecoin payments, digital financial infrastructure, AI applications, and market growth.OneBullEx also introduced its product layout around AI-driven contract trading infrastructure during the event, including the automated strategy execution market 300 SPARTANS and the AI strategy generation platform OneALPHA. OneBullEx stated that Brazil is not only an important user market but also has long-term potential for talent and ecosystem co-construction. In the future, the platform will continue to focus on AI-driven trading infrastructure, regional ecological cooperation, and local talent connections, actively participating in the development of the Web3 market in Brazil.

According to Jinshi News, the divergence among Federal Reserve policymakers regarding the direction of interest rates and the severity of inflation will be reflected in the meeting minutes released early this morning. This minutes will reveal the full picture of one of the most divided meetings within the Federal Reserve, with an increasing number of officials adopting a cautious stance, concerned about rising inflation, while the number of those inclined to cut interest rates is decreasing.Deutsche Bank analysts stated that although the minutes may seem somewhat outdated, they still help gauge the changes in the size of the camp advocating for a more neutral forward guidance.

In the early morning of May 14 (UTC+8), in the final of the 2026 Coppa Italia, Inter Milan ultimately defeated Lazio with a score of 2:0, successfully lifting the championship trophy. As the official sleeve sponsor of Inter Milan Football Club, Gate was deeply involved in this peak event. During the final, Gate Europe CEO Giovanni Cunti was invited to attend the sponsor partner luncheon hosted by the club and watched the match from the box, witnessing the team's moment of glory alongside Inter Milan legends Esteban Cambiasso, Fabio Galante, and Francesco Toldo. This victory not only marks another important milestone in the deepening strategic cooperation between Gate and Inter Milan but also injects strong brand momentum into Gate's internationalization process.In addition, with Inter Milan winning the championship again this season, Gate will hold the "Gate x Inter XIII: Champion's Circle" offline reception in Milan on May 21. During the event, guests will visit Inter Milan's headquarters and engage in interactive exchanges with Inter legend Fabio Galante and executives. Leveraging the global attention of top international sporting events, Gate is continuously deepening the integration of Web3 with mainstream culture and strengthening its brand recognition and influence in the European and global markets.

The BAI platform announced user data for May 11, showing that the platform gained 8,756 new users that day. While maintaining strong growth, the proportion of Stripe payments among the core paying group has risen to 69.0%, indicating a steady improvement in retention rates among traditional developers and production-level users. In terms of business structure, the DeepSeek-V4 series has contributed nearly 60% of Token consumption due to its extreme cost advantages. This series of models, with ultra-low latency, high concurrency, and high throughput capabilities, is becoming an indispensable core execution engine in the AI Agent era. The B.AI platform will continue to provide developers with efficient and economical model services, helping more AI-native applications to be implemented.

Glassnode released data on platform X indicating that the unrealized losses of Bitcoin long-term holders (LTH) reached about 15% at the beginning of April. Compared to the historical depths of bear market cycles where this metric exceeded 75%, the impact of this market correction on long-term holders is significantly lighter.Analysis points out that although the recent price pullback has resulted in some paper losses, the overall pressure remains far below historical cycle lows, indicating that the current decline has not yet posed a substantial test to the beliefs of long-term holders. Structurally, this adjustment leans more towards mid-term fluctuations rather than a complete cyclical capitulation.

According to the Daily Economic News, DeepSeek is rarely launching a massive financing plan, simultaneously attracting two major companies, Tencent and Alibaba. Previously, there were media reports that Alibaba and DeepSeek had a breakdown in negotiations. In response, an insider revealed exclusively to reporters on May 9 that Alibaba should not have been in negotiations.

DeepSeek's financing negotiations with Alibaba have broken down. DeepSeek launched a massive financing round, attracting major companies like Tencent and Alibaba to participate, but the two sides ultimately failed to reach an agreement. The core conflict lies in Alibaba's desire to strengthen its AI ecosystem through investment, while DeepSeek, as an independent model company, insists on minimizing binding terms and maintaining technological independence, unwilling to accept excessive ecosystem ties.DeepSeek founder Liang Wenfeng has long rejected external equity financing. Although this time he has opened the door for the first time, his bottom line remains unchanged, with the most emphasis on offers with "the least additional conditions." DeepSeek's current financing round is valued at approximately 300 billion RMB (about 45 billion USD), with the fundraising focus on supplementing computing power and R&D funds, while also providing a market valuation anchor for employees to retain talent. Tencent had proposed to subscribe for up to 20% of the shares, but this was politely declined by DeepSeek as they did not want to relinquish a large proportion of control. Ultimately, the China National Investment Fund and others may lead the investment, with relatively loose terms that align more closely with DeepSeek's technological idealism.

DeepSeek plans to raise up to 50 billion yuan.Deepseek plans to release the V4 model update in June.

According to Reuters, China's largest state-supported semiconductor investment institution—the China Integrated Circuit Industry Investment Fund (Big Fund)—is negotiating to lead the first round of financing for DeepSeek, which may value the cutting-edge AI laboratory at around $45 billion. The report cites four informed sources indicating that negotiations are still ongoing.