Web3 Consumer Rewards Platform T-Rex Completes $17 Million Funding

On May 9th, the Bitcoin Layer2 solution Merlin Chain announced the release of AIOS Merlin Wizard 0.3. This version integrates three major AI interaction modules, Swap, Stake, and Bridge for the first time. It is reported that the Merlin Wizard v0.3 workflow adopts the MCP protocol. It can analyze user context in real time, identify user intentions, and automatically generate interaction logic. This allows users to complete complex on-chain operations with simple commands. This approach says goodbye to the cumbersome interface of traditional DEX and the high learning curve of cross-chain transactions, further reducing the entry barrier for the Bitcoin ecosystem. Previously reported, Merlin Chain partnered with WBTC DAO and will continue to promote smart interactions between Bitcoin and other chain ecosystems. The Wizard will also explore more possibilities of MCP and LLM in Web3 applications. By leveraging its AI interaction capabilities, it focuses on solving the interoperability chal

On Thursday, via email, Geoffrey Kendrick, the Head of Digital Assets at Standard Chartered Bank, shared a somewhat joking comment with clients. He said, "I apologize that my forecast for Bitcoin to reach $120,000 in the second quarter might be on the lower side." Last month, in a report, Kendrick wrote that he anticipates Bitcoin to set a new all-time high of approximately $120,000 in the second quarter of 2025. He cited reasons such as "strategic asset reallocation from US assets" and "whale accumulation." He further stated, "We expect these supporting factors to propel Bitcoin to a new historical high of around $120,000 in the second quarter, and the upward trend will continue throughout the summer, bringing Bitcoin close to our year-end target of $200,000." On Thursday, Kendrick indicated that his previous $120,000 Bitcoin price prediction now "appears to be very attainable," and perhaps this target is even too conservative. The Standard Chartered Bank analyst said, "Bitcoin's ma

On May 9th, based on HXT market data, Ethereum experienced a sharp 4% decline. It briefly dropped below $2,300 and is currently priced at $2,312.

On May 9th, two sources disclosed that in an attempt to reach a trade deal with Trump, India has put forward a proposal to lower its tariff differential with the United States from the present nearly 13% to less than 4%. In return, Trump would be granted an "existing and potential" tariff hike exemption. This would lead to a 9-percentage-point decrease in the average tariff gap between India and the United States (calculated based on all products, regardless of trade volume), making it one of the most substantial alterations made by the world's fifth-largest economy to reduce trade barriers. The United States is India's largest trading partner, and bilateral trade is expected to reach approximately $129 billion by 2024. Currently, the trade balance favors India, with India enjoying a trade surplus of $45.7 billion with the United States. (Jinshi)

On May 9th, as monitored by Onchain Lens, a whale deposited 1 million USDC into HyperLiquid and initiated a 40x leveraged short position on BTC.

On May 9th, based on an official product demonstration, Huobi HTX has recently launched a BTC lending limited-time super-low interest rate activity. From 16:00 on May 9th to 17:00 on May 23rd (UTC+8), users can use BTC as collateral to participate in leveraged trading or borrow BTC through the pledge lending product and enjoy a super-low annual interest rate of 0.09%, which is a decrease of up to 555 times compared to before the activity. The activity is aimed at further reducing user funding costs and providing users with more efficient earning opportunities.