Author: Deep Tide TechFlow
yesterdayMarket Dynamics
U.S. nonfarm payrolls increased by 115,000 in April, seasonally adjusted, compared to an expected 62,000.
U.S. nonfarm payrolls increased by 115,000 in April, seasonally adjusted, below the expected 62,000 and the previous month's figure revised from 178,000 to 185,000. The U.S. Bureau of Labor Statistics reported that employment increased in healthcare, transportation and warehousing, and retail in April, while federal government employment continued to decline.
February's total nonfarm payrolls were revised down by 23,000, from -133,000 to -156,000; while March's figure was revised up by 7,000, from +178,000 to +185,000. After these revisions, the combined employment figures for February and March were 16,000 lower than previously reported. The revised figures for February look worse, while March's figures show a slight improvement.
Nvidia CEO Jensen Huang: Next-generation AI infrastructure will require a large number of optical connections, and copper wires can no longer meet the demand.
On Wednesday, Eastern Time, Nvidia CEO Jensen Huang, in an interview, highly praised its new collaboration with Corning Incorporated, calling it a significant opportunity to rebuild the U.S. technology supply chain. Huang stated that next-generation AI infrastructure will require a massive amount of optical connectivity because computing demands are growing so rapidly that copper wires can no longer meet the needs. "We will be scaling up the application of optical technology on an unprecedented scale, frankly, no other optics company has ever done it on this scale," Huang said.
Jensen Huang also stated that the benefits of this current wave of AI investment extend far beyond technology companies. He pointed out that the increasing demand from the AI industry for electricians, construction workers, chip manufacturing employees, and data center infrastructure experts is strong evidence that this development process has already impacted the entire economy.
Crypto media outlet DL News has announced it will officially shut down at the end of May 2026.
According to an article published on DL News' official website, DL News announced that it will officially shut down at the end of May 2026. Founded in 2022 as the news arm of the on-chain data platform DefiLlama, the media outlet was dedicated to providing independent, high-quality crypto news reporting. However, internal conflicts within DefiLlama in early 2023 led to a de facto separation, and DL News lost traffic support from its parent platform. Subsequently, overall traffic to crypto and technology media shrank significantly, and the widespread adoption of AI further accelerated the collapse of search and distribution channels.
Despite its business research division, DL Research, achieving 270% revenue growth and surpassing seven-figure annual sales by 2025, it was still insufficient to support overall operations. The team officially notified employees on May 1 that the company would be closing.
The Hong Kong Securities and Futures Commission (SFC) has added StableStock and HabitTrade to its list of unlicensed trading platforms.
The Hong Kong Securities and Futures Commission (SFC) has issued a warning, adding two unlicensed platforms, StableStock and HabitTrade, to its warning list. The SFC noted that online videos were enticing the public to use the StableStock platform, which claimed to allow users to subscribe to Hong Kong IPOs using cryptocurrencies and to advertise a partnership with HabitTrade. The SFC stated that neither institution is licensed by the SFC and is prohibited from engaging in any regulated activities in Hong Kong or promoting services to the public.
Zcash plans to launch a quantum-recoverable wallet within a month, with quantum scaling to be completed within the next 12 to 18 months.
At Consensus 2026 in Miami, Josh Swihart, founder and CEO of Zcash Open Development Lab, stated that Zcash plans to launch a quantum-recoverable wallet within a month and achieve full post-quantization within the next 12 to 18 months, while simultaneously scaling up to reach Visa and Mastercard-level throughput. Driven by Multicoin Capital's disclosure of a large investment and the growing emphasis on privacy, ZEC has surged over 110% in the past 30 days. Furthermore, with the integration of Near Intents, users can cross-chain exchange BTC, SOL, USDC, etc., for blocked ZEC. Since its launch, this channel has processed approximately $600 million to $700 million, and the currently blocked pool accounts for about 30% of the circulating ZEC.
DeepSeek reportedly raised 50 billion yuan, with Liang Wenfeng potentially investing 20 billion yuan himself.
According to The Information, citing two sources familiar with the matter, DeepSeek is seeking to raise up to 50 billion yuan (approximately $7.35 billion) in its first funding round, which would set a record for the largest single funding round for a Chinese artificial intelligence company. DeepSeek founder and CEO Wenfeng Liang is reportedly planning to contribute the largest share to the company's initial funding round.
According to reports, this funding round has also prompted the company to accelerate its revenue planning and commercial profitability. Sources familiar with the matter said that DeepSeek recently informed some investors that it plans to speed up the release of its large model iterations, aligning itself with industry mainstream practices. One source revealed that DeepSeek plans to release version V4.1 of its V4 model in June.
Anthropic plans to raise $50 billion, potentially valuing the company at $900 billion.
According to the Financial Times, AI company Anthropic is considering launching a new round of financing this summer, aiming to raise up to $50 billion. This would value the company at approximately $900 billion pre-funding, potentially surpassing OpenAI (valued at $852 billion in March) to become the world's most valuable AI company. Currently, Dragoneer, General Catalyst, and Lightspeed Venture Partners have expressed interest in investing. Sources indicate that Anthropic's annualized revenue is about to exceed $45 billion, approximately five times the $9 billion at the end of last year. This round of financing is expected to be completed within two months, paving the way for an IPO later this year.
Trump says he may revive the "Freedom Project"
US President Trump told reporters at the White House on the 8th that the US might resume the "Freedom Project," aimed at clearing ships stranded in the Strait of Hormuz, and expected to receive a response from Iran that evening regarding the proposed US-Iran agreement. Trump stated that he thought the "Freedom Project" was a good idea, but "there are other solutions." If the situation does not improve, the US might restart the "Freedom Project." However, "that would be an 'upgraded version of the Freedom Project,' meaning that additional measures would be added to the original plan."
SEC Chairman Atkins: Will develop a regulatory framework for on-chain markets, urging Congress to pass the Clarity Act.
According to the SEC website, SEC Chairman Paul S. Atkins spoke at the AI+ Expo, a special competitive research project, on May 8, outlining his views on the regulatory direction for AI and on-chain financial markets.
Atkins stated that the SEC will advance several regulatory initiatives surrounding on-chain markets, including: developing rules for defining "exchanges" for on-chain trading systems; clarifying the scope of application of the definitions of brokers and dealers in on-chain activities; clarifying the applicable boundaries of the definition of "clearinghouse" for on-chain clearing and settlement activities; and providing regulatory guidance for activities related to "Crypto Vaults".
Regarding AI regulation, Atkins emphasized that the SEC will not mandate that companies use specific models, but rather adheres to its core responsibilities of protecting investors, maintaining fair and efficient markets, and promoting capital formation, requiring companies to be responsible for the results of the AI tools they deploy.
Atkins also urged Congress to send the CLARITY Act to the President for signature as soon as possible to provide long-term certainty for the digital asset market through legislation, and warned that forcing innovation overseas would repeat the mistakes of FTX and harm the interests of American investors.
SoftBank Group cuts back on financing plans that use OpenAI equity as collateral.
According to Bloomberg, SoftBank Group is scaling back a financing plan secured by its OpenAI equity stake. The initial plan to raise approximately $10 billion in collateralized loans may now be reduced to around $6 billion. Reportedly, some lenders have expressed concerns about the deal structure and the reliability of OpenAI's valuation as a private company, which is considered a key factor hindering the financing process. The loan was initially designed to be secured by SoftBank's OpenAI equity, with a two-year term and an option to extend for another year, to further expand its investment portfolio in artificial intelligence.
Market Dynamics
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