Odaily Planet Daily reports that Nasdaq-listed Bitcoin treasury company K Wave Media has announced a series of strategic transformation initiatives, including securing up to $485 million in capital to build an AI infrastructure platform, focusing on data center investments, GPU computing power leasing, and mergers and acquisitions and partnerships for key AI infrastructure. In addition, the company has approved the sale of its wholly-owned subsidiary, Play Co., Ltd., to existing shareholders. This transaction is expected to reduce debt by approximately $48 million, but still requires shareholder approval at the annual meeting in July 2026. (Globenewswire)

According to Odaily Planet Daily, a US official stated that the rules of engagement for the US military in the Middle East have changed, and they are now authorized to strike targets that pose a direct threat to ships transiting the Strait of Hormuz, such as Iranian Revolutionary Guard speedboats or Iranian missile sites. (Jin Shi)

MyToken data monitoring shows that on 【May 4th, 19:48】 (Beijing Time), 【Binance.DepositAndWithdraw_1】 transferred 【500000000 USDT】 to an address starting with 【0xdac1】, with a total value of approximately 【499.18 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

Odaily Planet Daily reports that Cerebras Systems, an artificial intelligence chip maker and data center operator, plans to raise up to $3.5 billion through an initial public offering (IPO) to compete with rivals in the hot industry. According to a filing with the U.S. Securities and Exchange Commission, the Sunnyvale, California-based company is offering 28 million shares at $115 to $125 per share. Cerebras secretly filed for an IPO earlier this year, just months before withdrawing a previous registration statement. (Jinshi)

Huoxun Finance reports that Bitcoin mining and energy infrastructure platform Hut 8 announced its subsidiary has signed a $200 million, 364-day Bitcoin collateralized loan agreement with crypto financial institution FalconX, fully replacing its previous financing arrangement with Coinbase Credit. The new financing has a fixed annualized interest rate of 7%, a 200 basis point decrease from the original Coinbase financing rate of 9%, significantly reducing debt costs. Upon completion of the agreement, approximately 3,300 BTC of Hut 8 will be uncollateralized, valued at approximately $260 million based on the Bitcoin market price on May 1, 2026, directly enhancing the liquidity and flexibility of the company's balance sheet.