# Chung Daily Note - 2026/5/12 *Twitter: @cchungccc* By [Chung Daily Note](https://paragraph.com/@chungresearch.eth) · 2026-05-12 --- Happy Tuesday! Chung Daily Note curates key news and insights to save you time while also serving as a record of my research and analysis ![](https://storage.googleapis.com/papyrus_images/baad21b10d9ee67824f70206f3499bc5d02d6dfb0e732bcce9f1bb71a1e95e79.jpg) ### Recap ![X avatar for @cchungccc](https://storage.googleapis.com/papyrus_images/3d100a6fea41b478fd3aafc2ad62bce8ecb79325c39481b6b087b717800270c6.jpg) [Chung l 仲@cchungccc](https://x.com/cchungccc/status/2053898093146558953) [Chung Daily Note - 2026/5/11 Happy Monday! Some highlights from today's note](https://x.com/cchungccc/status/2053898093146558953) 🔸[Strategy bought 535 BTC for ~$43M at ~$80.3K per BTC](https://x.com/cchungccc/status/2053898093146558953) 🔸[BitMine bought another 26,659 ETH, bringing total holdings to 5.2M ETH Read More Below](https://x.com/cchungccc/status/2053898093146558953) 👇 [---](https://x.com/cchungccc/status/2053898093146558953) 📰 [News • Strategy bought 535 BTC for ~$43M](https://x.com/cchungccc/status/2053898093146558953) ![](https://storage.googleapis.com/papyrus_images/b8aa1d598ccf82371651b80d7e2737c2bc7932933d1be700353ee34362af17d3.jpg) [2:00 AM · May 12, 2026 · 141 Views](https://x.com/cchungccc/status/2053898093146558953) * * * [3 Replies · 7 Likes](https://x.com/cchungccc/status/2053898093146558953) 📰 News ------- •US April CPI and Core CPI both came in above expectations ![X avatar for @DeItaone](https://storage.googleapis.com/papyrus_images/aba41e4ea60a26e7be96cb0bfcc50de6a4257b7b8d6b6795a186acae3be462ea.jpg) [\*Walter Bloomberg@DeItaone](https://x.com/DeItaone/status/2054177471596019986) [\*US APRIL CONSUMER PRICES RISE 0.6% M/M; EST. +0.6% \*US APRIL CONSUMER PRICES RISE 3.8% Y/Y; EST. +3.7% \*US APRIL CORE CPI RISES 0.4% M/M; EST. +0.3% \*US APRIL CORE CPI RISES 2.8% Y/Y; EST. +2.7%](https://x.com/DeItaone/status/2054177471596019986) [8:30 PM · May 12, 2026 · 9.11萬 Views](https://x.com/DeItaone/status/2054177471596019986) * * * [61 Replies · 99 Reposts · 395 Likes](https://x.com/DeItaone/status/2054177471596019986) •US Senate Banking Committee unveils draft crypto Clarity Act bill ![X avatar for @WatcherGuru](https://storage.googleapis.com/papyrus_images/d41729c25a8489067bbeff46bb269c12bb6da2f3fa49e46dbd57b77c414bfbb4.png) [Watcher.Guru@WatcherGuru](https://x.com/WatcherGuru/status/2054055820061446298) [JUST IN:](https://x.com/WatcherGuru/status/2054055820061446298) 🇺🇸 [US Senate Banking Committee releases crypto Clarity Act draft bill.](https://x.com/WatcherGuru/status/2054055820061446298) ![](https://storage.googleapis.com/papyrus_images/5e994b1a28b79195708fb232ba79c310335c606e4b686741cbeee47469d782a0.jpg) ![](https://storage.googleapis.com/papyrus_images/f5b62b956bcf682dfeb288d6abf945f4af2d762c49ca622ffb9faeffd92e3588.jpg) [12:27 PM · May 12, 2026 · 57.5萬 Views](https://x.com/WatcherGuru/status/2054055820061446298) * * * [431 Replies · 1900 Reposts · 1.17萬 Likes](https://x.com/WatcherGuru/status/2054055820061446298) •Crypto Wallet Exodus sold 1,076 BTC ![X avatar for @coinbureau](https://storage.googleapis.com/papyrus_images/c434449df3326b8f202fec7f914d4fc476dc589b1d614b521ed9141a66f7af8c.jpg) [Coin Bureau@coinbureau](https://x.com/coinbureau/status/2054169720233050161) 🚨[CRYPTO WALLET EXODUS SOLD 1076 BITCOIN Crypto wallet firm Exodus sold 1,076 $BTC in Q1 to help fund its W3C payments acquisition, moving about $70 million into U.S. dollar reserves. The company sold $73.2 million in crypto, lifting cash, cash equivalents, and stablecoins](https://x.com/coinbureau/status/2054169720233050161) ![](https://storage.googleapis.com/papyrus_images/59c4f1d82944f79e2ad1b30d8a8b55ee08242a2201d3b26dbda2247605994b75.jpg) ![](https://storage.googleapis.com/papyrus_images/3b694f9b8637fbbd48151e3c7be466aad90e6b3e141c114ba8d51f9cc6db5427.jpg) [8:00 PM · May 12, 2026 · 7680 Views](https://x.com/coinbureau/status/2054169720233050161) * * * [26 Replies · 10 Reposts · 68 Likes](https://x.com/coinbureau/status/2054169720233050161) •Bhutan’s Gelephu Mindfulness City launches fast-track licensing for regulated crypto firms ![X avatar for @TheBlockCo](https://storage.googleapis.com/papyrus_images/286d2e8f01b3f0f52925e24ebabfa043d4f86564377b489acd3694961265c417.jpg) [The Block@TheBlockCo](https://x.com/TheBlockCo/status/2054148796527849620) [Bhutan's Gelephu Mindfulness City launches fast-track licensing for regulated crypto firms](https://x.com/TheBlockCo/status/2054148796527849620) [theblock.co](https://x.com/TheBlockCo/status/2054148796527849620) [Bhutan's Gelephu Mindfulness City launches fast-track licensing for regulated crypto firms](https://x.com/TheBlockCo/status/2054148796527849620) ![](https://storage.googleapis.com/papyrus_images/4d148e3ceed6b42d5cf1f481227b43eb3a702b3b25f1bf7787efec730eddea2c.jpg) [6:36 PM · May 12, 2026 · 2860 Views](https://x.com/TheBlockCo/status/2054148796527849620) * * * [6 Replies · 3 Reposts · 11 Likes](https://x.com/TheBlockCo/status/2054148796527849620) •Trump family made roughly $1.55B from World Liberty Financial token sales ![X avatar for @business](https://storage.googleapis.com/papyrus_images/449d8cf35ff38072a758847ba49090fbbf25bb1fe66313c890bc7e6d2d228cad.png) [Bloomberg@business](https://x.com/business/status/2054145748015452658) [Trump family members made roughly $1.55 billion from sales of World Liberty Financial tokens, lifting their total fortune by about $660 million](https://x.com/business/status/2054145748015452658) [bloomberg.com](https://x.com/business/status/2054145748015452658) [Quiet Token Sales Boosted Trump Crypto Wealth by $660 Million](https://x.com/business/status/2054145748015452658) ![](https://storage.googleapis.com/papyrus_images/cd21e39cc7c5473bb61e676b22441d8b7f6551ca65b0fb84463c755b9475844a.jpg) [6:24 PM · May 12, 2026 · 1.15萬 Views](https://x.com/business/status/2054145748015452658) * * * [7 Replies · 17 Reposts · 22 Likes](https://x.com/business/status/2054145748015452658) 📖 Good Reads ------------- •@arjunkhemani - What Unifies the Enemies of Civilization? ![X avatar for @arjunkhemani](https://storage.googleapis.com/papyrus_images/7b106efa02ea7802fe38678dc81dec89197b43233d3eab2b1124f103056278fd.jpg) [Arjun Khemani@arjunkhemani](https://x.com/arjunkhemani/status/2053755571858551263?s=52&t=I2aokJRYzRx4OZybYxOQ8g) [https://t.co/ZlvcOTLUx4](https://x.com/arjunkhemani/status/2053755571858551263?s=52&t=I2aokJRYzRx4OZybYxOQ8g) [4:34 PM · May 11, 2026 · 5萬 Views](https://x.com/arjunkhemani/status/2053755571858551263?s=52&t=I2aokJRYzRx4OZybYxOQ8g) * * * [9 Replies · 20 Reposts · 167 Likes](https://x.com/arjunkhemani/status/2053755571858551263?s=52&t=I2aokJRYzRx4OZybYxOQ8g) •@TheOneandOmsy - Is the Circle x Coinbase Relationship Starting to Fall Apart? ![X avatar for @TheOneandOmsy](https://storage.googleapis.com/papyrus_images/ef37e5555faf408c99f645b3ae3106b38f56a705f004d1157cb3232f2ae92ea3.jpg) [Omar@TheOneandOmsy](https://x.com/TheOneandOmsy/status/2053832939499384867) [How long until the Circle / Coinbase marriage gets messy? > historically $CRCL = issuer of USDC and $COIN = distributor. Coin pushes USDC, and in exchange gets half the economics w/ some adjustments > but w/ Circle now a pubco, it’s been forced into pitching a much broader](https://x.com/TheOneandOmsy/status/2053832939499384867) ![X avatar for @zoomerfied](https://storage.googleapis.com/papyrus_images/5a1d15fb3236446adfa48322e9d0c6a5ea526a1855e9550889493bbf347583a9.png) [zoomer @zoomerfied](https://x.com/TheOneandOmsy/status/2053832939499384867) [\[ ZOOMER \] CIRCLE RAISES $222 MILLION FROM BLACKROCK, APOLLO AND OTHERS IN ARC TOKEN PRESALE VALUED AT $3 BILLION: CNBC](https://x.com/TheOneandOmsy/status/2053832939499384867) [9:41 PM · May 11, 2026 · 5.2萬 Views](https://x.com/TheOneandOmsy/status/2053832939499384867) * * * [23 Replies · 15 Reposts · 280 Likes](https://x.com/TheOneandOmsy/status/2053832939499384867) 🎉 New Protocols ---------------- •@EquiumEQM ![X avatar for @EquiumEQM](https://storage.googleapis.com/papyrus_images/b739c4e4063ad508abeb03e328a02d293fdcdf6033069fc54d1de8b382e70a83.png) [Equium@EquiumEQM](https://x.com/EquiumEQM/status/2054195467467014179) [$EQM can be seen as an evolution of Solana tokens. Our network hash rate costs real hardware & electricity expense to operate. Therefore the token is backed by what users pay to mine it. Similar to bitcoin, the electrical and hardware expense is similar to market value.](https://x.com/EquiumEQM/status/2054195467467014179) [9:42 PM · May 12, 2026 · 1540 Views](https://x.com/EquiumEQM/status/2054195467467014179) * * * [35 Replies · 1 Repost · 11 Likes](https://x.com/EquiumEQM/status/2054195467467014179) •@bloomv4\_ ![X avatar for @bloomv4_](https://storage.googleapis.com/papyrus_images/d6f512ee159ee521f079f3133b8e7b508e4253b0c56e192bf8efb420e4a4bf0c.jpg) [BLOOM@bloomv4\_](https://x.com/bloomv4_/status/2053908312585036143) [The first financial mania was not born from coins, stocks, or JPEGs. It was born from flowers.](https://x.com/bloomv4_/status/2053908312585036143) 🌷[bloomv4.org](http://bloomv4.org) 2:41 AM · May 12, 2026 · 1.65萬 Views * * * 7 Replies · 3 Reposts · 36 Likes 💰 Crypto Fundraising --------------------- •@USBD\_Stablecoin (CeFi) - 2m Pre-Seed led by @galaxyhq ![X avatar for @galaxyhq](https://storage.googleapis.com/papyrus_images/e1c6e6bfe1cd16bf3881636058e5b26254fa944fe2a22a49d3070088d0460f67.png) [Galaxy@galaxyhq](https://x.com/galaxyhq/status/2053888351258726510) [Galaxy Ventures led @USBD\_Stablecoin $2M pre-seed. Stablecoins are one of the most proven and transformative innovations in crypto, with a >$300B market reshaping global payments, treasury management, and financial infrastructure. The next frontier: making that infrastructure](https://x.com/galaxyhq/status/2053888351258726510) ![X avatar for @USBD_Stablecoin](https://storage.googleapis.com/papyrus_images/d8a54eada27f4227cb41a790b24d9c4a1cdfbb7670c80ef9ddc3a1dabdc402cb.png) [Boundary @USBD\_Stablecoin](https://x.com/galaxyhq/status/2053888351258726510) [We’re thrilled to announce that we’ve raised $2M in pre-seed funding led by @galaxyhq to build the natively verifiable stablecoin, USBD. Check out the exclusive story in The Block: https://t.co/m25S4xjUdv](https://x.com/galaxyhq/status/2053888351258726510) 🌐 [https://t.co/akZRnowEOk #Stablecoins #DeFi #Galaxy #USBD](https://x.com/galaxyhq/status/2053888351258726510) [1:21 AM · May 12, 2026 · 4370 Views](https://x.com/galaxyhq/status/2053888351258726510) * * * [5 Replies · 4 Reposts · 51 Likes](https://x.com/galaxyhq/status/2053888351258726510) 💵 Airdrops ----------- •@citrea\_xyz airdrop airdrop registration ![X avatar for @citrea_xyz](https://storage.googleapis.com/papyrus_images/9015878da70ff062d553b6ce1897af119809d3831565d99455a51dd6d716b138.jpg) [Citrea | Mainnet Live](https://x.com/citrea_xyz/status/2053838304424939569) 🍊🍋[@citrea\_xyz](https://x.com/citrea_xyz/status/2053838304424939569) [1/4 The CTR Genesis Airdrop Opens for Registration](https://x.com/citrea_xyz/status/2053838304424939569) 🍊 [Check eligibility at](https://x.com/citrea_xyz/status/2053838304424939569) [citrea.xyz/airdrop](http://citrea.xyz/airdrop) Airdrop registration closes on May 17, 2026, at 2:00 PM UTC 🧵 10:03 PM · May 11, 2026 · 32.4萬 Views * * * 423 Replies · 77 Reposts · 530 Likes 📺 Videos & Podcasts -------------------- •@naval - Sell the Truth •@a16z - Marc Andreessen on AI Psychosis, Productivity, and The Future of Work . CDN Telegram Channel: [http://t.me/chungdailynote](https://t.co/BqtcdpXpMq) * * * If you’d like to support me, your likes, comments, and shares on [Twitter,](https://x.com/cchungccc) [Farcaster,](https://farcaster.xyz/cchungccc) [Binance Square,](https://www.binance.com/en/square/profile/cchungccc) [Paragraph](https://paragraph.com/@chungresearch.eth), [Coinmarketcap](https://coinmarketcap.com/community/profile/cchungccc/) are greatly appreciated! Thank you --- *Originally published on [Chung Daily Note](https://paragraph.com/@chungresearch.eth/chung-daily-note-2026512)*