PANews May 14 news, Pudgy Penguins CEO Luca Netz revealed in an interview that the token generation event (TGE) for the Ethereum Layer 2 network Abstract Chain is expected to take place in the fourth quarter of 2025.

On May 14, Epoch AI, a non-profit AI research institution, released the latest report, pointing out that it is difficult for AI companies to continue to squeeze huge performance gains from inference models, and the progress of inference models will slow down within a year at the earliest. Based on publicly available data and assumptions, the report highlights the constraints of computing resources and the increase in research overhead. The AI industry has long relied on these models to improve benchmark performance, but this reliance is being challenged. Josh You, an analyst at the agency, pointed out that the rise of inference models stems from their excellent performance on specific tasks. OpenAI's O3 model, for example, has focused on improving math and programming skills in recent months. These inference models improve performance by adding computational resources to solve problems, but at the cost of requiring more computation to handle complex tasks, these inference models take longer than traditional models.

On May 14, news emerged that Pudgy Penguins CEO Luca Netz revealed in an interview that the token generation event (TGE) for Abstract Chain is expected to take place in the fourth quarter of 2025.

According to ChainCatcher news, monitored by Lookonchain, three months ago, a trader purchased 45 million LAUNCHCOIN near the top, spending approximately $828,000. But shortly after, LAUNCHCOIN plummeted by over 90%. He sold all of his LAUNCHCOIN worth 45 million dollars for just 29,000 dollars (current price 8.2 million dollars), incurring a loss of 800,000 dollars.

Coinbase will launch bridge Tokens such as cbADA, cbDOGE, cbLTC, cbXRP, corresponding to wrapped versions of Cardano, Dogecoin, Litecoin, and Ripple, specifically designed for the Ethereum Layer 2 network Base. These new tokens are not yet live or available, and the specific launch date will be announced later.

A Whale Address on the HyperLiquid platform added 11.9 million USDC, continuously shorting BTC, ETH, and SOL with 5x leverage. This address has deposited 62.4 million USDC, with short positions totaling 250 million USD and currently unrealized losses of 7.6 million USD. This is the third increase in the position recently, maintaining a leverage of 5x.

Gate News bot news, according to the latest market data from Gate, PI has risen 20.56% in the last 24 hours, currently priced at 1.30057 USDT.

BlockBeats news, on May 14, according to OnchainLens monitoring, a Whale using 5x leverage to short BTC, ETH, and SOL has again deposited 11 million USDC into HyperLiquid to increase its short positions. Its total Margin has reached 62.4 million USDC, and the total notional value of all short positions now exceeds 250 million USD, shifting from a profit of 6.8 million USD yesterday to a loss of 7.6 million USD today.

According to the Gate.io News bot, Goldman Sachs has released a latest analysis indicating that despite progress in Sino-U.S. trade negotiations, the U.S. dollar against Asian currencies will continue to follow a downward trend. Goldman Sachs believes that the core theme of the market remains unchanged: investors will continue to promote diversification of U.S. asset allocation; Asian exporters are expected to continue converting dollars into local currencies; at the same time, the space for currency depreciation in the Asian region will be limited against the backdrop of trade negotiations with the United States.

BlockBeats news, on May 14, Microsoft (MSFT.O): will lay off less than 3% of its total workforce, affecting various levels and regions. (Jin10)

Gate.io News bot reports that according to Wu, DeFi Development Corp. (Nasdaq: DFDV) completed a purchase of SOL tokens on May 12, 2025. The company acquired 172,670 SOL at an average price of $136.81 per token, with a total transaction amount reaching $23.6 million. After this increase, DeFi Development Corp.'s total SOL holdings reached 595,988 tokens, with a total market capitalization of approximately $102.7 million, including staking rewards.

BlockBeats news, on May 14th, Circle announced that the native USDC has now been launched on the Sonic chain, completing the transition from bridged USDC to native USDC. Before the upgrade, the supply of bridged USDC on Sonic reached 500 million, and after the upgrade, the CCTP V2 version was launched, introducing

DeFi Development Corp purchased 172,670 SOL at an average price of 136.81 USD, with a total value of 23.6 million USD, increasing its holdings to 595,988 SOL. This is its largest increase in scale, aligning with the digital asset treasury strategy, and will be held long-term and staked to multiple validator nodes to generate returns.

Recently, the effectiveness of investing in new stocks in the Hong Kong stock market has strengthened, with several new stocks rising on their first day, and some even doubling. Investors have a special fondness for new stocks in the Hong Kong market, indicating that funds are gradually paying attention to the Hong Kong stock market. It is expected that the IPO market in Hong Kong will likely accelerate its recovery in the future.

The strong redemption ratio of convertible bonds in 2024 continues to rise, reaching 52.94% in the first half of the year and increasing to 64% in the second half, currently approaching 70%. The stable performance of the A-share market is the main driving factor, which has led to an increase in the early redemption of convertible bonds. The increase in strong redemption cases will make the convertible bond market more attractive, drawing in more funds.

Jin10 data reported on May 14th, according to CME's "The Federal Reserve (FED) Watch": The probability of the Federal Reserve maintaining the Intrerest Rate in June is 91.8%, and the probability of a 25 basis point rate cut is 8.2%. The probability of the Federal Reserve maintaining the Intrerest Rate in July is 61.4%, the cumulative probability of a 25 basis point rate cut is 35.9%, and the cumulative probability of a 50 basis point rate cut is 2.7%.

Jin10 reported on May 14: According to a Reuters/Ipsos poll, Trump's approval rating has risen to 44%, an increase of 2 percentage points compared to the end of April. 59% of respondents believe that this year's economic recession can be blamed on Trump, while 37% attribute the responsibility to former President Biden.

Odaily News The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, said on the 13th in Tokyo, Japan, that the U.S. tariff measures pose challenges to global trade. According to Bloomberg News, Okonjo-Iweala stated during a meeting with Japanese Prime Minister Shigeru Ishiba that the current trade environment is facing very severe conditions, but at the same time, there are many opportunities, and we should use this as a chance to address the challenges. Additionally, according to NHK, Okonjo-Iweala and Ishiba agreed on the necessity of working together to address issues such as the flaws in the WTO dispute resolution mechanism and to restore the cohesion of the WTO.

SpaceComputer announced the completion of its Pre-seed funding led by Primitive, aiming to utilize satellites to build encryption systems and launch its first product ctRNG to resist cyber attacks. The funding institutions include nascentxyz, tangentxyz, symbolicvc, etc., and investors also include loiluu and co-founders of Polygon.

Jin10 reported on May 14 that on the evening of the 13th local time, the Israeli military stated that armed personnel in the Gaza Strip fired three rockets toward Israel, triggering an air defense alert on the Israeli side. The Israeli military successfully intercepted two of the rockets, while the third rocket fell in an open area. The attack did not result in any casualties. Subsequently, the Palestinian Islamic Jihad (Jihad) issued a statement claiming responsibility for the rocket attack on Israel that evening, stating that it was retaliation for Israel's attacks on the Palestinian people in Gaza.

According to ChainCatcher news, monitored by Lookonchain, a trader purchased 45 million LAUNCHCOIN near the top 3 months ago, spending approximately $828,000. But not long after, LAUNCHCOIN plummeted over 90%. He sold all of his LAUNCHCOIN worth 45 million dollars for only 29,000 dollars (current price 8.2 million dollars), incurring a loss of 800,000 dollars.

Jin10 data reported on May 14 that the German Economic Institute released its latest report on the 13th, stating that the German economy is still in recession, with the report predicting a 0.2% decline in Germany's economic output this year. Previously, the German economy had contracted for two consecutive years in 2023 and 2024. The report said that Germany is suffering from the severe impact of the U.S. government's tariff policy and global uncertainties, with citizens remaining cautious during major purchases.

According to the Gate News bot, the market shows that the ETH_USDT price has broken through 2700 USDT, with the current price at 2700.72 USDT. The price has risen by 9.67% in the last 24 hours.

Ukraine and the United States signed a supplementary document on cooperation in natural resources to maintain military aid for Ukraine and initiate profit-sharing cooperation. Both parties established an investment fund and specified the operational mechanism of the fund to ensure investment opportunities for the United States in Ukraine. The fund's sources of funding include Ukraine's mineral agreements and financial investments or military aid from the United States.

Jin10 data on May 14 reported that, as of the 2:30 closing, the Shanghai gold market maker contract rose by 0.36%, closing at 765 yuan/gram, the Shanghai silver market maker contract rose by 0.40%, closing at 8215 yuan/kilogram, and the SC crude oil market maker contract rose by 1.70%, closing at 491 yuan/barrel.

According to Gate.io News bot, The Block reported that the Wyoming Stablecoin Committee has established a partnership with Inca Digital, which will provide money laundering monitoring and risk management services for the state-supported stablecoin WYST. The stablecoin project originates from the "Wyoming Stablecoin Act" passed in 2023, and WYST will use U.S. Treasury bonds, cash, and repurchase agreements as full reserve support. The stablecoin is scheduled for official issuance in July 2025.

BlockBeats news, on May 14, Trump once again called for Powell to drop interest rates, stating that The Federal Reserve (FED) must lower the Intrerest Rate. Trump wrote, "What happened to 'Mr. Too Late' Powell?"