Jin10 reported on May 12 that Heng'erda issued a notice of unusual movement. The company disclosed an announcement regarding the acquisition of assets related to SMS Maschinenbau GmbH on May 10. The business acquisition has completed the protocol signing, but the transaction still needs to obtain approval from relevant departments before it can be fully delivered, which carries uncertainty.

The results of the Singapore parliamentary elections have been announced, with the ruling People's Action Party winning 87 seats and securing the election with a vote share of 65.57%. The Workers' Party obtained 10 seats. A total of 211 candidates participated in the elections, marking the first election for the People's Action Party led by Heng Swee Keat. Singapore's Members of Parliament are elected by citizens and serve a term of 5 years.

On March 28, Jin10 reported that Heng'erda stated on the interactive platform that the ball screw sub-products are an important part of the company's rolling functional components business planning, and relevant work is actively being promoted.

The U.S. government transferred approximately $1.77 million worth of Ether from the "Sae-Heng seized funds" Address to another Address, first conducting a test transaction of $1.

According to the Gate.io News bot message and data monitored by Arkham, the address named "Sae-Heng Confiscated Funds" by the US government transferred 97.33599434 Bitcoins on March 27, 2025, at 17:23:27 (UTC), equivalent to approximately 8.46 million dollars at the current price. Source: Wu Says

Hang Seng Index and Heng Seng Technology Index suffered heavy losses after the market reopened. The Hang Seng Index fell more than 10% at one point and fluctuated around 21,800 points, while the Heng Seng Technology Index narrowed its decline to less than 8% in the morning. As of the midday close, the Hang Seng Index fell 5.58% to 21,810.00 points, and the Heng Seng Technology Index fell 7.87% to 4,962.45 points. The semiconductor, internet technology, and real estate zones were weak, with leading chip company SMIC's stock price falling, while the agricultural zone showed strong performance against the market.

According to Jinse Finance, Singapore's Deputy Prime Minister Heng Swee Keat expressed concern in parliament about the risks of Worldcoi operating in Singapore, including the possibility of Money Laundering through the sale of accounts.

Ether has performed relatively well in the recent market decline, with a smaller decline than Bitcoin. From the weekly level, the price of Ether is near $2550, which is the 0.618 Fibonacci retracement level. In Technical Analysis, this is considered to be the 0.618 position of the Male Rider, while last week it was already mentioned that there is an imbalance zone, between the top and the box of the Moon-Season Heng Zone. In this position, the community and the public have recommended deleveraging. The final deleveraging was just at the highest point of Ether, around $2,700, slightly lower than the peak of $2,717. In addition, a defensive and capital-saving move is also set. Next, for the short-term movement of Ether, a bullish pattern is mentioned and a curve can become a place to enter and exit the market. If the market touches this curve, it could form a support, around $257. If this point is broken and then rebounds, there may be a false breakdown, which may be a short-term bullish opportunity. As for medium- to long-term considerations, it is advisable to consider operating in the current position only if you really give up on medium- and long-term investments. The 0.618 level of the large timeframe is an important support level, as it has been emphasized several times. As for whether there will be some favourable information to drive the market up in the short term, it is considered an unpredictable human factor, and it is recommended not to speculate too much on the candlestick.