Huoxun Finance reports that DeepSeek has launched a rare massive funding round, attracting interest from both Tencent and Alibaba. Previously, rumors circulated that negotiations between Alibaba and DeepSeek had broken down; however, on May 9th, a source exclusively revealed that Alibaba was not involved in the negotiations.

Odaily Planet Daily reported that in April, DeepSeek launched a rare massive funding round, attracting two major tech giants, Tencent and Alibaba. Previously, media reports suggested that negotiations between Alibaba and DeepSeek had fallen through. However, a market source exclusively revealed to reporters on May 9th that Alibaba likely did not participate in the negotiations. (Daily Economic News)

Odaily Planet Daily reports that U.S. Manhattan Federal Judge Margaret Garnett has granted Aave's request to proceed with its asset recovery plan, allowing the transfer of approximately $71 million in ETH previously frozen on Arbitrum in connection with North Korean-related attacks to a wallet controlled by Aave LLC. The ruling also preserves the legal rights of terrorism victims to pursue these funds. The ruling also amended the previous freeze notice against the Arbitrum DAO, allowing the transfer to be executed via on-chain governance voting and exempting those who initiated, voted on, or participated in the transfer from liability under the freeze order. The transfer still requires formal approval from Arbitrum's on-chain governance. (CoinDesk)

According to Huoxun Finance, U.S. District Judge Margaret Garnett of the Manhattan Federal Court approved Aave's asset recovery plan following the rsETH attack, allowing approximately $71 million worth of ETH previously frozen on Arbitrum to be transferred to wallets controlled by Aave. Court documents show that the decision amended a previous restraining order against the Arbitrum DAO, allowing the community to complete the ETH transfer through on-chain governance voting, while exempting those who participated in the voting and executed the transfer from related legal liabilities. This incident stemmed from the rsETH attack in April, which was widely attributed to the Lazarus Group, which has ties to North Korea. Previously, lawyers representing the families of victims of North Korean terrorism had argued for freezing the relevant assets and attempted to include them in the approximately $877 million in outstanding judgments. The Arbitrum community overwhelmingly supported the return of the frozen ETH to Aave's recovery plan in a Snapshot temperature check vote, but the actual transfer still requires formal on-chain governance approval. This case is also part of a campaign by U.S. plaintiffs to recover North Korean-related crypto assets. In addition to Arbitrum, the plaintiffs previously sued the privacy agreement Railgun DAO and named Digital Currency Group (DCG) as one of the defendants, accusing it of involvement in related governance and economic activities.

According to Huoxun Finance, the market has already priced in the Federal Reserve's expectation of extending the pause in interest rate hikes, and no rate cuts are expected until December 2027.