--- title: "CME to launch AI computing power futures market; BlackRock to further develop tokenized fund structure." type: "News" locale: "en" url: "https://longbridge.com/en/news/286171119.md" description: "CME Group is set to launch an AI-powered computing power futures market in partnership with Silicon Data. Meanwhile, BlackRock has submitted a new tokenized fund structure application to the U.S. SEC, utilizing Securitize for on-chain infrastructure. Additionally, JPMorgan Chase will launch its second Ethereum-based tokenized money market fund, focusing on US Treasury bonds. Exodus Movement sold over 1,000 Bitcoin to fund acquisitions, while blockchain analytics firm Elliptic raised $120 million, reaching a valuation of $670 million. Other developments include tZERO's integration into the Aptos network and Osero's $13.5 million funding round." datetime: "2026-05-12T23:57:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286171119.md) - [en](https://longbridge.com/en/news/286171119.md) - [zh-HK](https://longbridge.com/zh-HK/news/286171119.md) --- # CME to launch AI computing power futures market; BlackRock to further develop tokenized fund structure. ## Headlines **▌CME to Launch AI-Powered Computing Power Futures Market** On May 12, market news: CME Group will launch an AI-powered computing power futures market. CME Group has partnered with data and analytics company Silicon Data to launch the first computing power futures. **▌BlackRock Further Tokenized Fund Structure, Continuing to Use Securitize On-Chain Infrastructure** On May 12, BlackRock submitted a new tokenized fund structure application to the U.S. SEC and again selected Securitize to provide on-chain infrastructure support. According to the disclosure documents, the new architecture integrates the on-chain record of fund share ownership with regulated transfer agents and investor access systems, achieving on-chain connectivity with the traditional financial compliance system. * * * ## Blockchain Applications **▌Anthropic Warns Against Unauthorized Stock Trading** On May 12, Anthropic warned that unauthorized tokenized stock exposure and special purpose vehicle (SPV) transfers are invalid and unrecognized, stating that many third-party products may be fraudulent or worthless under their share restrictions. Despite this, token platforms like PreStocks still suggest valuations between $1.37 trillion and $1.5 trillion. **▌Blockchain Analytics Company Elliptic Raises $120 Million in Funding, Valuation Reaches $670 Million** On May 12, blockchain analytics company Elliptic completed a new round of funding of $120 million, bringing its latest valuation to approximately $670 million. This round was led by One Peak Partners, with participation from Deutsche Bank, Nasdaq's venture capital arm, and British Business Bank. Existing shareholders, including JPMorgan Chase, continued to invest. * * * ## Cryptocurrency **▌JPMorgan Chase to Launch Second Tokenized Money Market Fund on Ethereum** On May 13th, JPMorgan Chase will launch its second Ethereum-based tokenized money market fund, named OnChain Liquidity-Token Money Market Fund, ticker symbol JLTXX. The fund will primarily invest in US Treasury bonds and overnight repurchase agreements secured by US Treasury bonds or cash, aiming to meet the eligible reserve asset requirements for stablecoin issuers under the GENIUS Act. JPMorgan Chase stated that the fund's blockchain technology will be managed by its subsidiary, Kinexys Digital Assets. * * * ## Currently, Ethereum is the only on-chain network available to investors, and future expansion to other blockchains is not ruled out. This is also JPMorgan Chase's second tokenized money market fund on Ethereum, following the launch of MONY last year. Compared to MONY, which leans towards institutional on-chain cash management, JLTXX is more directly geared towards stablecoin reserve asset scenarios. On May 12th, Bitmine Chairman Tom Lee stated that Bitmine purchased 26,659 ETH last week, a slower pace than the previous weekly purchases of over 100,000 ETH, but still plans to hold 5% of the circulating Ethereum supply by the end of 2026. Currently, the company's total Ethereum staked exceeds 4.7 million ETH, with expected annual rewards of approximately $352 million after full staking. Tom Lee believes that if the Ethereum closing price is above $2100 at the end of May, it will confirm the arrival of the "crypto spring." **▌tZERO Integrates Compliant Tokenization Platform into Aptos, Accelerating Institutional RWA Issuance to Expand to a High-Performance Public Chain** On May 12th, regulated securitization trading platform tZERO announced the integration of its tokenization issuance platform into the Aptos network. This enables issuers to directly issue Real-World Asset (RWA) tokens on this high-performance public chain, further broadening the path for institutional-grade assets to be on-chain. Aptos is positioned as the underlying network for institutional-grade tokenization infrastructure and is continuously attracting traditional financial institutions and compliant tokenization platforms to connect. Currently, tokenized funds from institutions including BlackRock and Franklin Templeton are already running on the chain. With tZERO's integration, the compliant asset issuance and trading infrastructure on Aptos is further improved, covering the entire chain from issuance and circulation to settlement. **▌Exodus Sells Over 1,000 Bitcoin Reserves to Raise Funds for Payment Business Acquisition** On May 12, according to CoinDesk, wallet service provider Exodus Movement (EXOD) sold approximately $73.2 million worth of crypto assets in the first quarter. Its Bitcoin holdings decreased by 1,076 coins, a drop of about 63%, leaving it with only 628 BTC. The fair value of its assets decreased from $149.2 million to $42.8 million. During the same period, it added 5,068 SOL, increasing its total holdings to 17,541 SOL. The company stated that the proceeds were mainly used to acquire the W3C payment business and pay for maturing transactions. It also converted over $70 million into US dollar reserves, increasing its cash, cash equivalents, and stablecoin balance from $5.2 million to $74.4 million. ... Affected by the impairment and disposal of crypto assets, Exodus' revenue in the first quarter declined by 36.8% year-on-year to $22.7 million, and its net loss widened to $32.1 million. Stablecoin yield protocol Osero completes $13.5 million funding round. Stablecoin yield infrastructure project Osero announced the completion of a $13.5 million funding round, led by Sky Ecosystem and co-led by stablecoin Layer 1 project Plasma. Other investors included RedStone, Kairos Research, Joe Flanagan, and Lorenzo Romagnoli. The report states that the funding round was completed using a SAFT (Simple Agreement for Future Tokens) structure, but the valuation was not disclosed. Osero, incubated by Stablewatch, aims to promote the adoption of Sky's stablecoin USDS (formerly DAI) and the yield-generating stablecoin sUSDS, and to help users directly access the Sky Savings Rate (SSR) yield system. \*\*Important Economic Developments\*\* On May 13, the Senate confirmed Kevin Warsh as a member of the Federal Reserve Board of Governors by a vote of 51 to 45. Senator John Fetman of Pennsylvania was the only Democratic senator to support him. The 56-year-old Warsh will face a separate Senate vote for the position of Federal Reserve Chairman. Current Chairman Jerome Powell's eight-year term expires this Friday; however, he plans to remain on the Board during the federal investigation into the renovation of the Federal Reserve headquarters. Warsh has a history of investments in cryptocurrency and blockchain companies, which he has pledged to largely divest. This background makes him a suitable candidate for a senior position at the Federal Reserve, given the Fed's consideration of regulations related to stablecoins, bank custody of crypto assets, and digital payment systems. **▌US April Unadjusted CPI Annual Rate 3.8%, Expected 3.7%** On May 12, the US April unadjusted CPI annual rate was 3.8%, exceeding the expected 3.7%. (Jinshi) **▌Fed's Goolsbee: CPI Report Indicates "Not Much Good News"** On May 13, Fed's Goolsbee stated that without central bank independence, inflation will not return to its target, and the CPI report indicates "not much good news"; the inflation trend is wrong, and it's not just related to factors such as oil and tariffs. **▌30-Year US Treasury Yield Breaks 5% Again** On May 12, the 30-year US Treasury yield broke the 5% mark again. (Dongxin News Agency) Morgan Stanley: Warsh Expected to Implement Balance Sheet Reduction After Taking Office May 12th - Morgan Stanley Wealth Management predicts that Federal Reserve Chairman-designate Warsh will implement policies such as reducing the balance sheet and weakening forward guidance after taking office. Goldman Sachs Believes Energy Shock Will Maintain High Interest Rates and Drive Dollar Stronger May 13th - Goldman Sachs stated that the dollar will strengthen further in the short term because energy price shocks will keep yields high, while economic growth continues to show relative resilience. Goldman Sachs strategist Karen Reichgott Fishman stated, "The combination of rising inflation and resilient growth already implies that interest rates will remain 'higher for longer.' Any further concerns about the duration of the energy shock should continue to drive relative returns consistent with changes in terms of trade. This scenario should also drive a broad strengthening of the US dollar against G10 currencies." (Dongxin News Agency) **▌The probability of the Fed keeping interest rates unchanged in June is 97.1%** According to CME's "FedWatch" on May 13: The probability of the Fed keeping interest rates unchanged by June is 97.1%, and the probability of a cumulative rate cut of 25 basis points is 2.9%. The probability of the Fed keeping interest rates unchanged by July is 96%, and the probability of a cumulative rate cut of 25 basis points is 3.9%. ... * * * ## Golden Encyclopedia **▌Can Bitcoin Still Be Called "Digital Gold" During Geopolitical Crises?** Every geopolitical crisis causes gold prices to rise while Bitcoin prices plummet. After six tests, the claim of "digital gold" has never been supported by data. Countries hoard gold but exclude Bitcoin from their reserves. For investors, Bitcoin exhibits asymmetry: it falls with stocks but does not rise with them. Three structural asymmetries prevent Bitcoin from achieving safe-haven status: an oversupply of derivatives (market structure), the dominance of leveraged traders (participant composition), and a lack of repeatable behavioral records (behavioral accumulation). Bitcoin is not a safe-haven asset, but it is a "crisis-useful asset," which can indeed function when borders are closed and banks fail. If these three asymmetries are reduced, Bitcoin may no longer be a replica of gold but rather a completely new "next-generation gold." 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