<div id="readability-page-1"><div><div>Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, mining information, project updates, technological advancements, and other industry dynamics.<ol></ol><h2>Headlines</h2>▌Spokesperson of the Ministry of Commerce Answers Questions from Reporters on Preliminary Results of China-US Trade ConsultationsOn May 16, the preliminary results reached by both sides in the economic and trade field mainly include the following aspects: First, both sides continue to implement the results of previous consultations and have reached a positive consensus on relevant tariff arrangements. Second, both sides agreed to establish a Trade Council and an Investment Council to discuss their respective concerns in the areas of trade and investment. Both sides will discuss issues such as tariff reductions on relevant products through the Trade Council and have agreed in principle to reduce tariffs on products of equal size of concern to both sides. Third, both sides will resolve or substantially promote the resolution of some non-tariff barriers and market access issues related to agricultural products. The US will actively promote the resolution of China's long-standing concerns regarding the automatic detention of dairy and aquatic products, the export of potted plants to the US, and the designation of Shandong as a bird flu-free zone. China will also actively promote the resolution of US concerns regarding beef facility registration and poultry exports to China from certain states. Fourth, both sides agreed to promote the expansion of bilateral trade, including in agricultural products, through arrangements such as mutual tariff reductions on a certain range of products. Fifth, both sides reached relevant arrangements regarding China's purchase of aircraft from the US and the US's guarantee of aircraft engine and parts supply to China, and agreed to continue to promote cooperation in related fields. (Ministry of Commerce)▌Shanghai Telecom Takes the Lead in Launching Token Tariff Packages: 1 Yuan Corresponds to 250,000 Credit Points, Supports Mobile Bill PaymentOn May 16, in response to the growing demand for tokens in the AI ​​era, Shanghai Telecom announced the official launch of its Token computing power service for Shanghai Telecom users, becoming the first operator in Shanghai to release a Token tariff package. Specifically, there are two main features: first, subscription based on quantity, with 1 yuan corresponding to 250,000 credit points (taking the KiMi-K2.5 model as an example, it can support approximately 250,000 input tokens); second, on-demand selection, buying only what you need, with discounts for larger purchases, and support for payment via phone bills. (Shangguan News)▌Anthropic is seeking another $30 billion in fundingOn May 15th, Anthropic was seeking another $30 billion in funding, with its artificial intelligence lab attracting the majority of venture capital investment.▌Trump: China did not buy Nvidia H200 chipsAccording to market news released by Bloomberg analyst Walter Bloomberg, Trump stated that China did not buy Nvidia H200 chips. Despite the US approving the sale of Nvidia H200 chips to China, US President Donald Trump stated that China has not purchased the chips. He said China &#34;chose not to buy&#34; and is committed to developing its own chip technology. Chip stocks fell after the summit, as no major technology agreements were reached. Berkshire Hathaway significantly increased its holdings in Alphabet, established a new position in Delta Air Lines, and liquidated its Amazon holdings in Q1. According to Berkshire Hathaway's Q1 holdings report (13F) released on May 16, Berkshire increased its holdings in Alphabet (GOOGL.O), The New York Times, and other stocks in the first quarter. Alphabet saw an increase of over 36 million shares, raising its stake from 2.04% to 5.93%. Berkshire liquidated its holdings in Amazon (AMZN.O), Visa (V.N), Mastercard (MA.N), UnitedHealth Group (UNH.N), and other stocks. It reduced its holdings in Chevron (CVX.N) and Bank of America (BAC.N). It established a new position in Delta Air Lines (DAL.N), purchasing 39.8 million shares, with a market value of approximately $2.65 billion. Its holdings in Apple (AAPL.O) remained unchanged, ending three consecutive quarters of reductions, and Apple remains its largest holding. Overall, Berkshire Hathaway's holdings in US stocks were valued at $26.3 billion as of the first quarter, compared to $27.4 billion in the previous quarter. During the quarter, it bought approximately $16 billion worth of stocks and sold approximately $24 billion, resulting in net sales of approximately $8.15 billion. The number of stocks held plummeted from 42 to 29, indicating a significant increase in concentration. (Jinshi)<h2>Policy</h2>▌China, the US, and the UAE Police Conduct First Joint Operation Against Telecom and Online FraudMay 17th news: According to the Ministry of Public Security, recently, police from China, the United States, and the United Arab Emirates conducted their first international law enforcement cooperation operation, jointly combating telecom and online fraud in Dubai. They successfully dismantled nine fraud dens and arrested 276 suspects. ... An investigation revealed that the fraud gang established &#34;romantic&#34; relationships with victims through social media platforms, gained their trust, and then lured them into investing in so-called high-return cryptocurrency projects, leading to their defrauding. A relevant official from the Ministry of Public Security stated that this joint operation is an important achievement of Chinese police's international law enforcement cooperation. Chinese police will deepen practical cooperation with more countries, conduct joint operations, resolutely eradicate telecom fraud dens, and make every effort to apprehend suspects involved in telecom fraud, effectively safeguarding the legitimate rights and interests of people in all countries. (CCTV News) On May 17th, VanEck filed its fifth amendment to its BNB ETF registration statement with the U.S. Securities and Exchange Commission (SEC) on Friday (May 15th), while Grayscale filed its second amendment to its Grayscale BNB ETF prospectus on the same day. Bloomberg ETF analyst James Seyffart stated that the synchronized actions of both companies indicate that they are responding to feedback from the SEC and may be planning to launch soon. Seyffart speculates that BNB may be the next crypto asset to pass SEC review and potentially list in the U.S. Meanwhile, Canary Capital separately filed an amendment to its proposed staking TRX ETF, which would package Tron staking yields into a regulated framework. ▌Hyperliquid Co-founder: Met with Policymakers to Explore US Market EntryOn May 16th, Hyperliquid co-founder Jeff.hl posted on the X platform that during the CLARITY bill process, he met with several US policymakers in Washington through the Hyperliquid Policy Center to discuss the regulatory path for introducing an on-chain derivatives market in the US. Some discussions were technical, including the global demand for on-chain trading as financial innovation, while others explored the potential of on-chain markets from the perspective of DeFi principles. Jeff.hl stated that he will continue to work on this in Washington, hoping to enter the US market and allow local users to access Hyperliquid. ... Interactive Brokers, a leading brokerage firm, announced the launch of a unified prediction market trading service. This service integrates Kalshi, CME Group, and ForecastEx, allowing users to trade multiple prediction market contracts within a single platform and interface. It also provides unified management of assets such as stocks, options, forex, futures, cryptocurrencies, and bonds. The platform supports real-time viewing of liquidity, prices, and fees across exchanges, and offers unified portfolio management, real-time position tracking, and centralized reporting. It is currently open to eligible clients, with Kalshi and CME contracts to be launched in phases. ▌Crypto Wallet Infrastructure Company Turnkey Raises $12.5 Million in Strategic FundingOn May 14th, Turnkey, a cryptocurrency wallet and key management infrastructure company, announced the completion of a $12.5 million strategic funding round. Investors included Circle Ventures, Sequoia Capital, Archetype, and existing investors such as Bain Capital Crypto, Galaxy Ventures, Lightspeed Faction, and Variant.▌Japanese Enterprise-Led Blockchain to Issue Yen Stablecoin for B2B SettlementOn May 13th, it was announced that Japan is launching EJPY, a trust-based yen stablecoin, to be issued on the Japan Open Chain—an Ethereum-compatible public L1 chain operated by 14 corporate validators, including Dentsu, NTT Communications, and SBINFT. ... This stablecoin targets B2B settlements, digital asset payments, remittances, and Web3 use cases, aiming to generate real on-chain demand. The issuance is scheduled for sometime in 2026. This is a structural step towards a programmable yen in institutional processes, leveraging Japan's regulatory leniency towards trust structures. The ambiguous timeline and the pace of the corporate alliance keep expectations moderate—more of infrastructure than an immediate catalyst. ▌Coinbase Launches SOL Staking and Lending ServiceOn May 13th, Coinbase launched an SOL staking and lending service, allowing users to stake SOL tokens and borrow up to $100,000 USDC without selling their existing holdings. ... ▌Charles Schwab Now Gradually Launches Cryptocurrency Accounts for Retail UsersMay 13th news: Charles Schwab has begun gradually launching cryptocurrency accounts for retail users, allowing them to directly purchase Bitcoin and Ethereum in addition to their existing traditional investment categories.<h2>Cryptocurrency</h2>▌Upbit Operator Dunamu Q1 Operating Profit Down 78% Year-on-YearOn May 16th, Upbit operator Dunamu disclosed that its consolidated revenue for the first quarter of 2026 was approximately $157 million, a year-on-year decrease of 55%; operating profit was approximately $59 million, a year-on-year decrease of 78%; and net profit was approximately $46.6 million, a year-on-year decrease of 78%. Dunamu stated that the decline in performance was mainly due to the global economic slowdown and a decrease in trading volume in the virtual asset market. ▌MulticoinCapital deposited a total of 286,000 AAVE into Coinbase Prime, worth $26.68 millionOn May 16th, according to on-chain analyst Yu Jin's monitoring, the Multicoin Capital address transferred a total of 286,000 AAVE ($26.68 million) to Coinbase Prime, including 98,000 AAVE withdrawn from multiple exchanges five hours earlier and the remaining 188,000 AAVE in the address.▌PaiShield: THORChain Attacked, Losing Over $10 Million in AssetsOn May 15th, according to PaiShield's monitoring, THORChain was suspected of being hacked, resulting in the loss of approximately $10 million in crypto assets, including 36.75 BTC (approximately $3 million), and approximately $7 million in other assets from the BNB Chain, Ethereum, and Base networks. Monitoring shows that the stolen funds mainly flowed to two addresses, including a Bitcoin address and an Ethereum address. Currently, the relevant assets are still stored centrally, and whether further splitting or cross-chain transfers have occurred remains to be tracked.▌Vitalik transferred 50.25 ETH (approximately $113,000) via Privacy PoolsOn May 15th, according to Onchain Lens monitoring, Ethereum co-founder Vitalik Buterin transferred 50.25 ETH (approximately $113,000) via Privacy Pools.▌Hyperliquid will fully support USDC and gradually close the USDH marketOn May 14th, Coinbase announced a partnership with Hyperliquid to expand support for USDC on Hyperliquid, becoming the official vault deployer of USDC under Hyperliquid's AQAv2 framework. Circle will act as the technology deployment provider, responsible for CCTP and native cross-chain infrastructure. Both Coinbase and Circle have committed to staking HYPE to activate AQAv2. Coinbase, as the treasury deployer, will share the vast majority of reserve profits with the protocol. As part of this collaboration, Native Markets has agreed to grant Coinbase the right to purchase USDH-branded assets. According to the announcement, the USDH market will continue to operate for now but will be phased out over time. Coinbase also revealed that USDH will remain fully supported, and users can continue to exchange USDH for USDC or fiat currency for free during the transition. Therefore, in future network upgrades, the Canonical Outcome (HIP-4) market will use USDC as the pricing asset. The Hyper Foundation will also provide funding to eligible HIP-3 deployers, HIP-1 deployers, and developers integrating USDH to support teams completing their migrations in the coming months. This also means that Hyperliquid's ambitious native stablecoin USDH will be phased out just seven months after its launch in September 2025. <h2>Important Economic Developments</h2>▌Israeli Official: Israel is Preparing to Resume Military Action Against IranOn May 16, local time on the evening of May 15, a senior Israeli official stated that Israel is preparing to resume military action against Iran, which could last &#34;days or even weeks.&#34; The official stated, &#34;The Americans understand that negotiations with Iran are making no progress.&#34; He added, &#34;We are preparing for a battle that could last for days or even weeks and are awaiting President Trump's final decision. We will learn more in the next 24 hours. (CCTV News) Market News: Japanese Prime Minister Sanae Takaichi's cabinet approval rating dropped 2.5 percentage points to 61.3%. NATO intelligence agencies believe Iran still retains a large portion of its pre-war missile stockpile and related launch and storage facilities. According to CCTV on May 17th, British sources reported on the 16th that NATO intelligence agencies believe Iran still retains a large portion of its pre-war missile stockpile and related launch and storage facilities, enough to continue its confrontation with the United States for several months. Sources indicate that NATO intelligence shows Iran still retains 60% of its pre-war missile stockpile. According to US intelligence, 90% of Iran's missile launch sites and arsenals are still partially or fully operational. ▌CITIC Securities: AI + Energy &amp; Chemicals May Be a More Suitable Barbell Structure This YearOn May 17th, CITIC Securities' latest research report pointed out that AI + energy &amp; chemicals may be a more suitable barbell structure this year. This year's AI + energy &amp; chemicals may be similar to the AI ​​+ dividends of 2023-2024 and AI + resources in 2025, and is expected to become the main source of supply and demand gaps and excess returns throughout the year. In terms of allocation, the underlying logic remains the revaluation of the pricing power of China's advantageous manufacturing industries, with the most representative industries being new energy, chemicals, non-ferrous metals, and power equipment. Continue to closely monitor the progress of domestic AI; the logic of explosive growth in hardware volume remains the direction with the largest expectation gap in the current AI chain, while the progress of domestic models is expected to drive the simultaneous increase in both volume and price of cloud services. We are optimistic about domestic computing power and cloud platforms. In addition, we recommend continuing to increase allocations to some undervalued stocks, focusing on securities firms and insurance companies. For cyclical commodities experiencing price increases, the growth momentum of cyclical growth products such as AIDC chains and lithium battery chains continues, but the expectation gap is now very limited. It is recommended to focus on the tightest supply and demand links, which is reflected in the recent frequency of price increases, mainly in copper clad laminates, fiberglass, high-speed silicon, electronic specialty gases, optical fibers, MLCCs, chromium, lithium carbonate, rare earths, and carbon fiber. For traditional cyclical commodities, it is recommended to focus on commodities where there has been a genuine systemic capacity clearing or where supply is absolutely constrained, such as phosphate chemicals, MDI, spandex, dyes, glyphosate, urea, rubber, and refrigerants. ▌Sources: US and Israel May Resume Military Action Against Iran as Early as Next WeekOn May 16, according to CCTV, US sources said that the Pentagon is preparing to resume military action against Iran, and the US and Israel may resume military strikes against Iran as early as next week. US sources said that negotiations are currently at an impasse.... Reports indicate that multiple US officials revealed that if the US decides to resume military strikes against Iran, one option is to launch more intense bombing raids on Iranian military and infrastructure targets; another option is to send special operations forces on the ground to obtain Iranian nuclear materials. Hundreds of special operations personnel arrived in the Middle East in March. However, US officials acknowledge that this option carries significant risks. Furthermore, since the ceasefire in early April, the US has re-equipped its warships and aircraft in the region with ammunition. Goldman Sachs: Reiterates $5,400 per ounce target for gold by the end of 2026. On May 16, Goldman Sachs maintained an optimistic outlook on gold and reiterated its target of $5,400 per ounce by the end of 2026. Goldman Sachs expects central bank gold purchases to increase, reaching an average of 60 tons per month by 2026. Goldman Sachs also stated that its updated 12-month moving average forecast indicates that central bank gold purchases in March will reach 50 tons per month, compared to a previous forecast of 29 tons per month. (Jinshi)</div></div></div>

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Shanghai Telecom has launched a token-based tariff package, allowing users to purchase 250,000 credit points for 1 yuan, supporting mobile bill payments. Meanwhile, Anthropic is seeking an additional $30 billion in funding for its AI lab, which has attracted significant venture capital investment.

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ChinaAMC CSI 5G Communication ETF

Harvest CNI Communication ETF

Guotai CSI All Share Communications Equipment ETF

NVIDIA

Berkshire Hathaway

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Alphabet

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Delta Air Lines

Amazon

New York Times

Visa

Mastercard

Unitedhealth

Chevron

Bank of America

Apple

NVIDIA Corporation

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

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BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

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BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

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BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

Shanghai Telecom launches token-based tariff packages; Anthropic seeks further funding.