Dell Rejects Shareholder Proposal to Include Bitcoin in Company Treasury
Dell has officially rejected a shareholder proposal that would require including BTC in the company's Treasury. In a reply letter on May 9, Dell stated that proposals that "delve into complex matters, preventing shareholders from making informed judgments and improperly micromanaging the company" can be excluded. The supporting statement for this proposal exposed the proposer's intent to micromanage the management's discretion in managing company cash and investment structures, arguing that Dell should consider replacing some cash and bonds with assets like BTC that can outperform inflation. However, staff had previously pointed out that specifying investment forms would improperly restrict management's discretion in ordinary business matters. Whether requiring investment in crypto assets or divesting such assets, the proposal inappropriately limits management and the board's autonomy in company management.
[The rest of the translation follows the same professional and accurate approach, maintaining the original meaning while translating into clear English.]According to Onchain Lens, a whale has again deposited 10 million USDC to HyperLiquid, increasing short positions on BTC, ETH, and SOL with 5x leverage. The total deposit has reached 50.5 million USDC, with the BTC short position valued at over $109 million, and the total value of all short positions exceeding $230 million.
New York City Mayor Eric Adams: Make New York the Global "Crypto Capital"
According to Decrypt, New York City Mayor Eric Adams announced on Monday that the first New York Crypto Summit will be held on May 20th, vowing to make New York the "global crypto capital". Adams stated at the press conference that blockchain technology can provide inclusive financial services for communities outside the traditional financial system, and New York is becoming the most important crypto innovation center outside Silicon Valley. The summit aims to build a platform for dialogue between government and business, gathering industry leaders to discuss the application of digital assets in economic development and public services. Adams emphasized that New York focuses on the long-term value of blockchain technology rather than short-term speculation, advocating for a regulatory framework that protects investors without stifling innovation. Adams stressed that the city will be committed to cryptocurrencies in the long term and is not interested in fleeting trends like meme coins. Adams said that while the crypto industry believes widespread adoption is inevitable, he emphasizes the need for balanced regulation that is strong enough to protect investors but not so strict as to hinder innovation and growth. He said: "Our state should embrace a crypto and blockchain-friendly environment like New York City. The right regulation can ensure safety, but over-regulation could harm the industry - we don't want that to happen."
Coinbase Will Join S&P 500 Index on May 19th
According to Beincrypto, cryptocurrency exchange Coinbase (NASDAQ: COIN) will officially be included in the S&P 500 index on May 19th, replacing Discover Financial Services. It is the first pure crypto business company to be included in this benchmark index. Coinbase becomes the first crypto-focused company to be included in the Standard & Poor's 500 index. Previously, Capital One Financial acquired Discover Financial, and the transaction is expected to be completed soon after meeting final conditions. After the news was announced, Coinbase's stock rose over 7% in after-hours trading.
Truth Social Denies Rumors of Launching New Meme Coin
Truth Social denies rumors of launching a new meme coin.
Pump.fun Launches Creator Income Sharing Mechanism, 50% of Trading Fees Returned to Token Creators
Pump.fun officially launched the "Creator Revenue Sharing" mechanism today, with 50% of PumpSwap income from each token transaction to be returned to token creators. Creators can receive a 0.05% (5 basis points) SOL reward per transaction, which can accumulate significantly over time. For example, a $10 million trading volume can bring $5,000 in revenue. All projects still on the Pump.fun trading curve or graduated to PumpSwap have automatically enabled revenue sharing, with billing starting today, and users can claim SOL rewards at any time on the official website.
Aptos Former CEO Mo Shaikh Says Still Holds About 98% APT, Also Holds SUI
Aptos co-founder and former CEO Mo Shaikh tweeted in response to community questions, stating that he still holds about 98% of APT tokens and said "everyone should allocate assets in the Move language ecosystem". When netizens joked that he would have been "extremely wealthy" if he held SUI, Mo also responded: "I now have quite a lot of SUI too".
According to CoinDesk, Nasdaq-listed DeFi Development (ticker: DFDV) announced the purchase of 172,670 SOL at an average price of $136.81, totaling approximately $23.6 million, increasing its Solana holdings to 595,988, with a market value of about $105 million. The company's stock opened 20% higher on Monday and had already risen 30% last Friday. Since transforming from Janover to focus on the Solana ecosystem last month, DeFi Development has continued to deploy crypto assets and earn rewards through node staking.
Strategy Purchased 13,390 Bitcoins for $1.34 Billion Last Week
The 8-K filing shows that Strategy purchased 13,390 bitcoins between May 5-11, 2025, at an average price of $99,856, totaling $1.34 billion, funded by its ATM equity financing plan. As of May 11th, the company holds 568,840 bitcoins, with a cumulative purchase cost of $39.41 billion and an average purchase price of $69,287. Michael Saylor stated that the company has achieved a 15.5% bitcoin return rate in 2025 so far.
David Bailey and Nakamoto Raise $710 Million and Merge with KindlyMD to Establish Bitcoin Treasury
David Bailey and his Bitcoin-native holding company Nakamoto have officially announced a merger with medical service provider KindlyMD (NASDAQ: KDLY), establishing a public market Bitcoin Treasury through this merger. According to the official press release, the transaction raised $710 million, including $510 million in PIPE financing and $200 million in convertible debt, making it the largest public crypto PIPE financing to date. The PIPE financing attracted over 200 institutions from six continents, including Actai Ventures, Arrington Capital, Van Eck, and notable Bitcoin figures like Adam Back, Jihan Wu, and Balaji Srinivasan; the convertible debt was exclusively subscribed by a fund under Yorkville Advisors. David Bailey will serve as CEO of the merged company and plans to build a global ecosystem centered on Bitcoin, covering media, financial, and advisory services. The company will accumulate Bitcoin through equity, debt, and other financial instruments, and improve Bitcoin Yield per share. KindlyMD's medical business will continue and remain listed on Nasdaq. Last week, it was reported that David Bailey, who previously provided crypto policy advice to Trump, plans to establish a Bitcoin investment company, seeking to raise $300 million.
A Whale Injects $40.5 Million to HypeLiquid in Two Days to Short BTC, ETH, and SOL
According to Onchain Lens, over the past two days, a whale has injected $40.5 million USDC into the HypeLiquid platform and increased short positions on BTC, ETH, and SOL with 5x leverage.
Binance to List RDAC on May 13th and Launch Alpha Points Airdrop Mechanism
According to a Binance announcement, Binance Alpha platform will debut REDACTED (token symbol RDAC), with trading to open on May 13th. Users meeting the Alpha points threshold will receive RDAC airdrop within 10 minutes of trading opening, with specific thresholds to be announced before opening. Additionally, Binance will introduce an Alpha points consumption mechanism for exclusive TGE and airdrop claims, but this will not apply to the current RDAC airdrop.
BSC Foundation Purchases Three AI Concept Tokens: $TST, $AIOT, $SKYAI
According to @ai_9684xtpa monitoring, the BSC Foundation address purchased three AI concept tokens worth $75,000 through the DeFi automation platform Mimic.fi in the past 10 minutes: $TST, $AIOT, and $SKYAI, each token purchased for $25,000 at average prices of $0.06274, $0.4137, and $0.04557 respectively. The top five tokens currently held by the BSC Foundation address are: 1) TST, holding $45,000; 2) MUBARAK, holding $40,000; 3) BROCCOLI(714), holding $33,000; 4) SKYAI, holding $25,000; 5) AIOT, holding $25,000.
