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SoFi launches US dollar-backed stablecoin SoFiUSD, available to nearly 15 million users

SoFi has launched a US dollar-backed stablecoin, SoFiUSD, on Ethereum and Solana, becoming the first U.S. national bank to directly offer a stablecoin to retail customers on a public blockchain. Nearly 15 million SoFi members can now buy, sell, hold, and exchange SoFiUSD within the app, with each token redeemable 1:1 for US dollars via SoFi Bank. SoFi stated that it plans to use SoFiUSD for traditional financial scenarios such as cross-border payments and B2B transactions, and intends to launch features including interest-bearing tokenized deposits, FDIC-insured accounts, and 24/7 cross-border transfers. (CoinDesk)

Binance Wallet Launches New DeFi Product Line Supporting Multi-Chain Mining and Lending

according to an official announcement, Binance Wallet has launched a new DeFi experience, integrating three core functions: DeFi Earn, DeFi Lending, and Liquidity Pools. It supports over 40 protocols and more than 1,000 pools across BNBChain, Ethereum, Base, and Arbitrum. Users can view their staking, liquidity pool, and lending positions on a single interface, and directly perform operations such as adding/removing liquidity, claiming fees, and lending via protocols like Venus. To celebrate the launch, Binance Wallet will kick off the DeFiSeason campaign with a total prize pool of $2 million starting May 28, 2026, covering three major themes: Staking, Lending, and Liquidity Pools.

HYPE Spot ETF’s Market Cap Absorption Share in First 10 Trading Days Exceeds That of Bitcoin and Ethereum ETFs

According to Kairos Research data, Hyperliquid’s (HYPE) spot ETF absorbed 1.04% of its market capitalization within the first 10 trading days after launch—outperforming the debut performance of spot ETFs for Bitcoin (0.59%), Ethereum (0.41%), and Solana (0.31%) when measured by market-cap-adjusted demand. Bloomberg ETF analyst Eric Balchunas noted that 21Shares’ HYPE ETF (THYP) has surged 50% since its launch two weeks ago—growing faster than BlackRock’s Bitcoin ETF, IBIT.

OKX to List IRYSUSDT Perpetual Swap

According to an official announcement, OKX will officially list the IRYSUSDT perpetual swap on its website, App, and API at 19:15 (UTC+8) on May 27, 2026, with leverage ranging from 0.01x to 20x. The detailed rules are as follows:IRYS USDT contract trading opening time: 19:15 (UTC+8) on May 27, 2026It is reported that Irys is a Layer-1 data chain specifically designed for AI, breaking through the traditional Layer-1 architectural model. By combining a low-cost storage layer with a high-performance, EVM-compatible execution layer (IrysVM), Irys achieves data programmability.

StakeDAO deployer's private key leaked on Arbitrum, attacker mints approximately 5.45 trillion vsdCRV and exchanges for ETH

StakeDAO deployer's private key leaked on Arbitrum, attacker mints approximately 5.45 trillion vsdCRV and exchanges for ETH.

HTX will launch WALLI (Wallitelli) via initial listing tomorrow at 3:00 PM and simultaneously introduce isolated margin leveraged trading for the WALLI/USDT (10x) trading pair.

According to the HTX announcement, HTX will enable WALLI deposits on May 27 at 17:00 (GMT+8). WALLI/USDT spot trading will go live on May 28 at 15:00 (GMT+8). WALLI withdrawals will be enabled on May 29 at 15:00 (GMT+8). Additionally, HTX Margin Trading will introduce WALLI/USDT (10x) isolated margin trading on May 28 at 15:00 (GMT+8). Wallitelli is an AI-powered wallet-awareness layer that helps Web3 participants gain clear, private daily insights into risks, exposures, and behaviors.

Crypto PAC Spends $9 Million in Texas Primary, Positioning for 2026 Midterms

According to CoinDesk, the cryptocurrency Political Action Committee (PAC) spent a total of $9 million in Texas primaries, supporting winning candidates from both parties—demonstrating the industry’s active effort to secure political influence and laying early groundwork for the 2026 midterm elections.

Micron and SanDisk surge to record highs in a single day; trading volume for Gate-related stock contracts soars

Odaily News, May 27th – Stimulated by UBS raising its rating and setting the highest target price on Wall Street, the US-listed memory chip sector experienced an epic surge. According to data from the Gate platform, Micron (MUUSDT) skyrocketed 21.40% to an all-time high, now trading at $950.82; SanDisk (SNDKUSDT) jumped 8.15%, currently at $1,633.66. As the focus of the AI hardware market shifts comprehensively towards the memory segment, trading activity in related contracts continues to heat up. According to Coinglass data, Gate's MU 24-hour trading volume reached $19.133 million, an increase of 770.75%; the 24-hour trading volume for SanDisk (SNDK) reached $9.4332 million, an increase of 451.14%, both ranking among the top in the market.Gate is continuously bridging crypto and traditional financial trading scenarios through its unified account system. Users can conveniently trade global mainstream assets such as stocks, metals, forex, indices, and commodities using a single USDT account, thereby enhancing cross-market trading efficiency and capital utilization flexibility. Gate has listed over 130 US stock-related perpetual contract instruments and over 430 CFD contract instruments. It continues to expand its diverse product lines, including spot tokens, perpetual contracts, and on-chain assets, offering 7×24 hour trading to provide users with a more flexible and efficient one-stop global asset trading experience.

HTX has launched perpetual contracts for AAOI, GLW, SHLD, and BE and initiated the Contract Trading Party.

According to the official announcement, HTX has launched perpetual contracts for AAOI/USDT, GLW/USDT, SHLD/USDT, and BE/USDT on May 27, with a maximum leverage of 10x for all. Concurrently, HTX is hosting a trading party for AAOI, GLW, SHLD, and BE perpetual contracts from 15:00 on May 27 to 15:00 on June 3 (UTC+8), with a total prize pool of up to $20,000. During the event, users who register and trade AAOI/USDT, GLW/USDT, SHLD/USDT, or BE/USDT perpetual contracts—accumulating a minimum of $1,000 in eligible trading volume—will share the prize pool based on their trading volume ranking. Additionally, new perpetual contract users trading AAOI/USDT, GLW/USDT, SHLD/USDT, or BE/USDT will receive exclusive benefits.

Bitget Launches Phase 2 of the SuperPairs Campaign Concurrently, with a Total Prize Pool of $70,000 USDT

Bitget has simultaneously launched Phase 2 of the SuperPairs campaign, ending on June 2 at 17:59 (UTC+8). Details are as follows: Gold & Crude Oil Trading Leaderboard Contest: Total prize pool of $40,000 USDT. Users can earn mystery box rewards by trading XAU, XAG, CL, and completing specified contract trading tasks—up to 0.2 XAUT per user. Additionally, users with cumulative trading volume of at least $10,000 USDT who rank within the top 1,000 will share $20,000 USDT in prizes, with a maximum individual reward of $2,000 USDT.

Multiple crypto firms appear on the preliminary inclusion list for the Russell Index; Bitmine and Galaxy may join the Russell 1000.

FTSE Russell announced the preliminary inclusion list for the Russell 3000 Index, which includes crypto-related companies such as Sharplink, Forward Industries, Gemini, Galaxy Digital, and Bitmine Immersion Technologies. Among them, Sharplink—valued at approximately $1.2 billion—and Forward Industries—valued at roughly $350 million—may qualify for inclusion in the Russell 2000; Bitmine and Galaxy Digital—which has a market capitalization of approximately $11.55 billion—may meet the eligibility threshold for the Russell 1000. The Russell 3000 tracks the 3,000 largest U.S.-listed companies by market capitalization. The final list will be updated on June 5, June 12, and June 18, and will take effect after the U.S. market close on June 26.

Hyperliquid ETF Attracts $20.4 Million in a Single Day, Cumulative Net Inflows Exceed $100 Million

According to Hyperinsight monitoring data, the Hyperliquid ETF recorded a single-day net inflow of $20.4 million, with BHYP accounting for $19 million and THYP for $1.4 million. Since its launch, this ETF category has achieved net inflows for 15 consecutive days, totaling $101 million. Institutional allocation demand continues to intensify, potentially driving Hyperliquid’s TVL to a new six-month high. It is reported that 21Shares launched THYP on May 12 (UTC), making it the first to enter the market, while Bitwise launched BHYP on the evening of May 15 (UTC). Following the sequential listing of these two ETFs, overall trading activity in the sector has continued to heat up. Notably, BHYP’s current daily trading volume has expanded approximately 13.6-fold from its debut-day volume of $1.3 million.

Bitget adds 8 stock contracts including RGTI and QBTS, with up to 20x leverage

Odaily, According to an official announcement, Bitget's stock contracts have now listed 8 underlyings including RGTI (Rigetti Computing), QBTS (D-Wave Quantum), QUBT (Quantum Computing Inc.), and ARQQ (Arqit Quantum), covering popular US stock sectors such as quantum computing, advanced aviation, and cybersecurity. These contracts support up to 20x leverage. For more details, please refer to the official Bitget platform.

OKX will list IRYS/USDT spot trading

According to an official announcement, OKX will list IRYS/USDT (Irys) spot trading.The deposit window for IRYS will open at 13:00 (UTC+8) on May 27; the pre-order period for IRYS/USDT will be from 17:00 to 18:00 (UTC+8) on May 27; spot trading will commence at 18:00 (UTC+8) on May 27; and the withdrawal window for IRYS will open at 20:00 (UTC+8) on May 27.

Bitget has launched OpenAI pre-IPO perpetual contract, supporting up to 20x leverage

Odaily reports, according to an official announcement, Bitget has launched the IPO pre-market perpetual contract OPENAI/USDT, supporting up to 20x leverage. For more details, please refer to Bitget's official platform.

Fairshake and its affiliated organizations invested approximately $6.5 million to support Menefee’s election victory.

Crypto journalist Eleanor Terrett reported that pro-crypto Democratic candidate Christian Menefee defeated 20-year incumbent Representative Al Green in the TX-18 Democratic primary runoff. In this election, crypto-industry-backed super PACs spent millions of dollars—Fairshake and its affiliated organizations alone contributed approximately $6.5 million, mostly to support Menefee and a smaller portion to oppose Green. Previously, Green received an “F” rating from Stand With Crypto due to his opposition to legislation including the GENIUS Act and the Clarity Act. Fairshake stated it will continue actively supporting leaders like Menefee across the United States.

Binance to Support Base Network Upgrade and Hard Fork; Deposits and Withdrawals Temporarily Suspended

According to the official announcement, Binance will suspend token deposits and withdrawals on the Base network starting at 01:00 on May 29, 2026, to support its network upgrade and hard fork. Token trading on the Base network will remain unaffected. The project team plans to carry out the network upgrade and hard fork at 02:00 on May 29, 2026.

BIT: Crypto Market Begins Pricing in SpaceX IPO Ahead of Time

BIT Official released a chart analysis stating that the crypto market has already begun pricing in the SpaceX IPO ahead of time.The chart shows that SpaceX plans to IPO on June 12 with a valuation of approximately $1.74 trillion, nearly 40% higher than its latest internal valuation of $1.25 trillion. Currently, Hyperliquid and Binance have successively launched SpaceX-related perpetual contracts, with the implied valuation corresponding to the relevant market price standing at approximately $2.41 trillion.Markus Thielen believes this indicates the market is betting that SpaceX will complete its IPO at a higher valuation or deliver a strong performance after listing. Meanwhile, he pointed out that the launch of such contract products also reflects the deepening integration of the crypto market with traditional finance, as crypto trading platforms gradually expand their trading exposure to stocks and popular primary market themes.

Legal Expert: Time is Running Out for CLARITY to Pass the Senate

According to Odaily, Variant Chief Legal Officer Jake Chervinsky posted on X, stating: “The CLARITY Act doesn’t have much of a window left to advance. On the surface, things look calm now, but that’s only because a lot of work is happening behind the scenes — various parties are pushing to finalize a version of the bill that can formally enter the congressional voting process and secure support from at least 7 Democratic senators. However, that’s easier said than done. The next few weeks will be a decisive and critical period.”

Supreme People’s Court: Conduct in-depth research on adjudication rules for emerging case types—including virtual currencies and cross-border finance—and promptly formulate judicial interpretations concerning civil compensation for insider trading and mar

According to CCTV News, the State Council Information Office held a press conference under its “Getting Off to a Strong Start: The 15th Five-Year Plan” series of thematic events, introducing progress in advancing law-based governance across the board. At the press conference, Liu Guixiang, a full-time Vice-Ministerial-level Member of the Judicial Committee of the Supreme People’s Court and a Class-II Grand Justice, stated that courts will conduct in-depth research into adjudication rules for novel case types—including those involving virtual currencies and cross-border finance—and expedite the formulation of judicial interpretations on civil compensation for insider trading and market manipulation, thereby safeguarding the stable operation of capital markets and effectively protecting the lawful rights and interests of small and medium-sized investors. In response to emerging business models in the digital economy, courts will develop normative documents on judicial protection for cases involving artificial intelligence and data property rights. They will also refine adjudication rules concerning data ownership, data transactions, and AI-generated content, promoting deep integration of digital technologies with the real economy, supporting the improvement of foundational institutional frameworks for data as a production factor, and facilitating the development of an integrated data market characterized by openness, sharing, and security.