News linked to this event type.
: Prediction market Polymarket is facing increased pressure from regulatory and sanctions compliance. It is reported that the platform is pushing traders to undergo identity verification (KYC) to mitigate potential legal and compliance risks.Although Polymarket's betting platform rules do not permit such activities in certain regions, some users have still been participating in market trading through automated trading bots and other methods, forming gray usage pathways in areas such as Russia. Some developers have even utilized tools like Telegram to organize trading traffic and expand their user base. As the platform scales and regulatory scrutiny intensifies, Polymarket is being forced to seek a balance between the decentralized prediction market model and compliance requirements to address potential sanctions and legal risks. (The Information)
Falcon Finance officially announced the launch of its U.S. dollar-pegged stablecoin, fUSD, in collaboration with Anchorage Digital Bank. Positioned as an institutional-grade payment stablecoin compliant with the GENIUS Act framework, fUSD is now live on Ceffu’s custody and collateral infrastructure. Reportedly, fUSD is backed by reserves including U.S. Treasury securities and is issued by Anchorage Digital Bank—but does not pay interest or returns directly to holders.
Odaily reports, Singapore police have filed six charges of fraud against Zhu Juntao, the former CEO of the defunct crypto lending platform Hodlnaut. The charges allege that during the TerraUSD collapse in 2022, he instructed employees to issue false statements, misleading users to believe that Hodlnaut had no direct exposure to TerraUSD and had not suffered any losses from the incident. According to the prosecutor, the false information was published on Hodlnaut's Telegram channel, customer emails, and Zhu's own X (formerly Twitter) account. Under Singapore law, if convicted, Zhu faces a maximum of up to 20 years in prison, a fine, or both for each charge. (CoinDesk)
According to a report by Cailian News, in response to the matter of “certain banks in Hong Kong requiring declarations for opening investment accounts,” the Hong Kong Monetary Authority (HKMA) stated today that the relevant regulatory requirements were issued to all authorized institutions on May 22. Materials provided by the HKMA indicate that registered institutions must implement three additional measures when opening and managing investment accounts for Mainland Chinese investors, including: 1. Closing investment accounts opened using suspicious or forged documents, and identifying investment accounts held by customers—opened since January 2023 or during any other period specified by the HKMA—using such suspicious or forged documents, including identity documents; 2. Closing dormant investment accounts with zero balances—specifically, investment accounts held by Mainland Chinese investors that have no asset balance as of May 22, 2026 (the reference date), and have had no customer-initiated activity within the 12 months preceding the reference date; 3. Obtaining a written declaration from each Mainland Chinese investor upon opening a new investment account, confirming that all funds used to support investment activities and related settlements originate lawfully from outside Mainland China. The relevant documents clarify that these newly introduced additional regulatory measures apply solely to investment accounts—including investment sub-accounts within integrated banking accounts—and do not extend to non-investment functions (e.g., ordinary savings, current/time deposits, payments, loans, and credit cards). Furthermore, these additional measures apply only to individual customers and do not cover corporate or institutional clients.
the Hong Kong Monetary Authority (HKMA) has required banks to initiate account screening for investment accounts opened by mainland Chinese users, focusing on identifying and closing accounts opened with fake documents and cleaning up dormant accounts. The scope of the fake-document account screening covers accounts opened since January 2023, with the screening to be completed within 3 months and problematic accounts to be closed within 6 months after the screening is completed.The screening and cleanup of "dormant accounts" will also begin in the next 3 months. Banks must identify cases where investment accounts held by mainland investors have had zero balances and no transaction activities in the year prior to May 22, 2026. For such accounts, banks must re-confirm KYC (Know Your Customer) information and require customers to make a series of declarations in accordance with new regulations for opening investment accounts. If these procedures cannot be completed, the accounts will be closed within 6 months. (Caixin)
According to Criptovaluta.it, Italy’s Banca Sella has announced the completion of its notification procedure with the Bank of Italy (Banca d’Italia), making it the first Italian bank to comply with the EU’s Markets in Crypto-Assets (MiCA) regulation for cryptocurrency-related activities. The bank plans to launch digital asset custody and transfer services for select customer groups by the end of 2026. Banca Sella is also a founding member of the Qivalis Alliance, which currently unites 37 European banks committed to launching a euro-pegged stablecoin.
Odaily News, HTX official staff stated that some overseas security agencies have applied a "one-size-fits-all" risk labeling approach to platform-related addresses, affecting the fund transfer experience of some normal users and triggering market panic and various speculations, which involve significant misjudgments and information discrepancies. Currently, HTX's compliance, security, and legal teams are actively communicating with the relevant agencies. Previously, several centralized exchanges indicated that fund transfers or related transactions with HTX may face additional compliance reviews or restrictive measures.
US stock calling king Serenity posted on X platform that it has completed building a position in European stock XFAB at a market cap of $1.28 billion. This is the first time Serenity has mentioned this stock on X. XFAB rose by 10% after opening on Euronext Paris today (opening at 15:00 Beijing time), rising from €8.88 to €9.88.X-FAB Silicon Foundries SE (XFAB) is a specialty wafer foundry focused on analog and mixed-signal semiconductor technologies. Serenity stated that the EU's "CHIPS Act 2" will act as a catalyst for European photonics companies, and XFAB is likely to be included and receive government funding.Additionally, XFAB is the only high-volume silicon carbide wafer foundry in the United States and is also a key manufacturer of Micro-Electro-Mechanical Systems (MEMS). Currently, XFAB's price-to-book ratio is approximately 1.29x, and Serenity believes its expected price-to-earnings ratio will reach 6.5 to 8.5 in 2028.It is reported that Serenity is currently the most followed and influential stock analyst in the AI/semiconductor sector on the X platform. Joining X in July 2025, Serenity now has over 400,000 followers and over 37,000 account subscriptions. Over the past year, many small-cap stocks it has called have risen by over 100%, and its personal return rate so far this year has exceeded 3,840%.To learn more about Serenity’s investment strategies and background, please read "US Stock Calling King Serenity: Building Positions at Low Valuations Ahead of Institutions, Annual Return of 3,840%".
According to TASS, Evgeny Grabchak, Deputy Minister of Energy of Russia, stated that the Government Commission for Power Development has recommended imposing a ban on cryptocurrency mining in certain areas of Moscow, Moscow Oblast, and Kursk Oblast until 2032. Grabchak said the recommendation reads: “It is recommended to impose the ban until 2032 in certain areas of Moscow, Moscow Oblast, and Kursk Oblast.”
According to Digital Asset, domestic virtual asset trading volume in South Korea has fallen to approximately 8% of KOSPI trading volume—less than one-tenth. Media statistics show that, as of May 26, the ratio of trading volume on Korean won-based exchanges (Upbit, Bithumb, Coinone, Korbit, and Gopax) to KOSPI trading volume stood at just 8%. The report notes that South Korea’s virtual asset market has been weakening continuously since the second half of 2025; it declined sharply following a large-scale futures liquidation event in October 2025, while the KOSPI strengthened amid a semiconductor upcycle and supportive government policies. Additionally, according to CryptoQuant data, the Bitcoin Korea Premium indicator has been negative for most of the time since March, reflecting weak buying demand in the Korean market.
According to Caixin Global, banks in Hong Kong and some of their customers reported that, starting May 26, certain Hong Kong banks have introduced a new requirement for customers opening investment accounts in person: signing a “Declaration on the Lawful Source of Funds,” confirming that all funds used for investment activities and related settlements originate from lawful sources outside mainland China. The report states that the newly introduced document is titled the “Cross-Border Disclosure Statement (Applicable to Investment Account Opening Applications),” and the adjustment was made to comply with local regulatory requirements. Mainland Chinese investors who opened accounts between May 23 and May 25 are also required to sign the updated declaration retroactively; until this is completed, their account’s buy transaction functionality will be suspended, although existing holdings and assets remain unaffected.
According to an official social media announcement, HTX will host a live-streaming event titled “The Most Crypto-Savvy Fed Chair Has Arrived: Can Bitcoin Enter a Policy Honeymoon Period?” at 8:00 PM today (UTC+8). This event will take the form of a debate, with participants 0xpink, Amber, Zizhong, and Maomaojie facing off against Xiao Nezha, Dalin, Dabiaoge, and 0xmoon to engage in an in-depth discussion on expectations for Federal Reserve policy shifts, macro-level liquidity trends, and Bitcoin’s outlook.
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.”
According to Cryptopolitan, Zhu Juntao, former CEO of Singapore-based crypto lending platform Hodlnaut, has been charged with six counts of fraud—each carrying a maximum penalty of 20 years’ imprisonment, a fine, or both—for allegedly making false statements regarding exposure to TerraUSD (UST). Prosecutors allege that Hodlnaut invested $317 million in user funds into Terra’s Anchor Protocol without disclosing this to users, resulting in losses of $189.7 million following the UST collapse in May 2022. Zhu Juntao has pleaded not guilty to all charges; a pre-trial conference is scheduled for June 2026.
According to Bitcoin Laws, New Hampshire’s “Blockchain Foundation” bill HB 639 advanced today, with the state House and Senate reaching agreement on a compromise version of the bill—after each chamber had previously passed different versions. As disclosed, the bill aims to protect several related “rights,” including the right to pay with cryptocurrency, run nodes, and conduct mining activities.
Odaily President Trump posted on Truth Social, stating that it is crucial for the U.S. Commodity Futures Trading Commission (CFTC) to retain "exclusive jurisdiction" over prediction markets, echoing the stance of CFTC Chairman Michael Selig. Trump also stated that the U.S. is formulating relevant rules, referencing his campaign promise to make the U.S. a center for cryptocurrency and Bitcoin-related fields. Under the leadership of the sole commissioner, Selig, the CFTC has filed lawsuits and amicus briefs against several states to assert its jurisdiction over prediction markets. The dispute centers on whether prediction market contracts related to sports and entertainment constitute gambling products, and whether contracts offered by regulated Designated Contract Markets (DCMs) should fall under CFTC jurisdiction. New York Attorney General Letitia James has filed a related lawsuit, Illinois has issued a cease and desist order, and Minnesota Governor Tim Walz signed a law last week imposing criminal penalties for operating prediction markets. Indonesia, Spain, and India have recently banned the operation of prediction markets within their territories. An investigation into prediction markets by a U.S. House committee was also confirmed last week. (CoinDesk)
Investment bank TD Cowen stated that as the relevant political environment continues to deteriorate, the likelihood of the US crypto market structure bill, the "Clarity Act," passing this year is declining.TD Cowen analyst Jaret Seiberg pointed out that while the Senate Banking Committee advanced the bill earlier this month, this does not signify a substantive bipartisan agreement; rather, it merely pushes the controversy to the full Senate floor.The report indicated that the escalating controversies surrounding US President Donald Trump and his administration related to crypto in recent days are making it harder for Democrats to support the bill. If the bill does not include clear conflict-of-interest provisions, it will face even greater difficulty in gaining sufficient support in the current political environment.
Odaily报道 The Digital Chamber, a crypto industry group, has responded to Senator Elizabeth Warren’s questions regarding recent approvals of OCC national trust charters, stating that her claim of crypto companies receiving "improper approvals" is unfounded.Earlier, Warren sent a letter to the Office of the Comptroller of the Currency (OCC), arguing that recent approvals granted to digital asset companies such as Ripple, Circle, Paxos, Fidelity, BitGo, and Coinbase may violate the National Bank Act and fail to adhere to the same regulatory standards applied to traditional banks.The Digital Chamber stated that the OCC has the authority to grant national trust charters to qualified institutions, and that such arrangements do not equate to relaxed oversight. Representing over 250 crypto-related entities, the organization believes these charters help integrate digital asset services into a clearer federal regulatory framework.
: According to Nikkei Asia, Federal Reserve Bank of Minneapolis President Neel Kashkari stated that the Fed may implement a "series" of interest rate hikes in response to inflationary issues triggered by the situation in the Middle East. During the FOMC meeting in late April, the Fed maintained interest rates unchanged. Kashkari and two other officials opposed the decision to include language in the Fed's statement hinting at future monetary policy easing. In a written interview, Kashkari said, "I believe the next interest rate adjustment could be a rate cut, or it could be a rate hike," thereby expressing his differing viewpoint. Kashkari stated that the outcome depends on inflation trends, which hinge on whether the Strait of Hormuz will reopen soon or remain effectively closed due to further damage to infrastructure in the region, the latter of which would exacerbate global energy shortages. Kashkari noted that the concern is that long-term inflation expectations of businesses and households "could become unanchored." He indicated that the FOMC "would likely need to respond forcefully," and rate hikes, possibly even a series of them, might be necessary. (Source: Jinshi Data App)
According to Decrypt, the Digital Chamber sent a letter to Jonathan Gould, Comptroller of the Currency at the U.S. Office of the Comptroller of the Currency (OCC), on May 26, urging him to uphold the OCC’s decision to grant national trust bank charters to cryptocurrency firms including Coinbase, Ripple, and Circle. Earlier, Senator Elizabeth Warren had accused the approval of these charters of violating the National Bank Act and posing a threat to the safety of the U.S. banking system. In response, the Digital Chamber argued that Congress has effectively authorized the OCC to extend bank charters to stablecoin-related activities through the GENIUS Act, and that the approved companies do not accept FDIC-insured deposits—meaning their operations do not constitute traditional banking activities.