trade.xyz's SPCX has reached a trading volume of $26.28 million in the last 24 hours, with the current price corresponding to a market capitalization of $2.406 trillion.

May 19 (News Brief) – Trump-affiliated public company AI Financial Corporation released its quarterly results for the period ending March 28, 2026, posting a net loss of $271.5 million – far larger than the $2.4 million loss recorded in the same quarter last year. The firm also warned its current financial condition “raises substantial doubt about its ability to continue operating as a going concern over the next year.” For the quarter, AI Financial generated only $4.7 million in total revenue, all from its crypto payment-focused fintech segment. At the end of March, the company held $32.2 million in current assets, while its current liabilities hit $39.1 million, creating an approximately $5.5 million working capital deficit. The quarter’s heavy loss was driven primarily by devaluation of its WLFI token holdings. AI Financial owns around 7.28 billion WLFI tokens, whose book value fell from over $1 billion at the close of 2025 to $706 million – translating to an unrealized loss o

On May 19, a U.S. jury dismissed Elon Musk’s $150 billion lawsuit against OpenAI. The jury took less than two hours to rule the case exceeded the statute of limitations, and a judge subsequently formally dismissed the case. This ruling removes a key hurdle for OpenAI’s initial public offering (IPO), with reports indicating the company could go public as early as this year; OpenAI is currently valued at $730 billion. Despite this win, OpenAI still faces multiple challenges: fierce competition from AI giants such as Anthropic and Google, plus significant risks including copyright infringement, lawsuits related to AI errors that could result in fatalities, and other legal disputes. Musk’s side has stated it will appeal the decision. The lawsuit was first filed in 2024, when Musk alleged OpenAI CEO Sam Altman and others violated OpenAI’s original founding intent by prioritizing commercial interests over the public good. Musk co-founded OpenAI in 2015 but later left the company due to int

May 19th — Federal Reserve Chairman Kevin Wash takes over from Powell this Friday, and Wall Street is bracing for another volatile stretch. The trigger? The 96-year-old “Fed Curse”: every time a new Fed chief assumes office, the stock market posts an average pullback of 12% in 3 months and 16% in 6 months. As a hardline inflation hawk, Wash signals a sharp shift toward tighter monetary policy, and investors are already repricing the market’s systemic risks. Barclays Bank’s statistics back this trend, and it has held steady without fail since 1930: within one month of a new chairman taking the reins, the S&P 500 averages a 5% decline; 12% in 3 months; 16% in 6 months. When a new Fed chief starts, interest rate policies, inflation tolerance levels, and the pace of monetary tightening or easing all get rewritten. Markets demand a risk premium for that uncertainty. Wash’s hawkish stance is no secret: he plans to overhaul the Fed’s 15-year-old dot plot and forward guidance framework, upend

May 19th — According to monitoring from Hyperinsight (via its Telegram channel @HyperInsight), HYPE has seen a recent price surge, pushing the token to $48 this morning. The rally has spurred multiple addresses on Hyperliquid to place batch buy orders using TWAP (Time-Weighted Average Price) strategies to capitalize on the upward momentum. As of press time, pending orders include five large wallets (“whales”) each planning to purchase over 10,000 HYPE spot coins, totaling more than 96,900 HYPE (approximately $4.65 million). Some of these orders have already been partially filled. Moving forward, the TWAP-driven net buying pressure for HYPE is projected to reach $2.8 million over the next 24 hours.

May 19 — Arbitrum-based DeFi perpetual contract trading platform Ostium has become the first to integrate Nasdaq’s official data feed, launching on-chain perpetual contracts for individual U.S. stocks. Users can trade these stock-linked contracts directly via their crypto wallets, gaining access to a 24/7 market with no traditional trading hour limits. Ostium noted longstanding flaws in the traditional U.S. stock market: regional restrictions, steep brokerage entry thresholds, and slow settlement processes. The platform’s on-chain offering, by contrast, brings transparency, self-custody capabilities, and instant settlements. The Nasdaq partnership will also infuse its stock perpetual contracts with institutional-grade official market data, the company added. Since launching in 2024, Ostium has notched over $50 billion in cumulative trading volume and attracted more than 26,000 users. Its current contract open interest stands at roughly $91.6 million, per platform data. The on-chain

**X Platform Launches "Active Followers" Feature to Track Real-Time Follower Engagement** May 19th — X Platform has rolled out its new "Active Followers" data feature, letting users see exactly how many of their followers have been active on the platform in the past 24 hours. Nikita Bier, X’s Product Lead, announced the feature’s official launch today and showcased the platform’s updated "Account Analytics" interface. In addition to displaying total follower counts, the interface now tracks two extra metrics: "Verified Followers" and the newly launched "Active Followers" figure. This tool is built to help creators, advertisers, and projects more intuitively evaluate genuine audience influence and user engagement, rather than relying only on total follower numbers to measure performance.