News linked to this event type.
BIT's official Chinese-language market analysis stated that Circle's stock price rose 16% overnight, currently approaching its March 2026 high. The market is pricing in expectations that uncertainty surrounding crypto regulation may ease.BIT indicated that this week could become a critical juncture for the advancement of the CLARITY Act, with the market generally viewing Circle as a direct beneficiary of regulatory clarity. It also noted that USDC market capitalization has maintained steady growth lately, and Circle's recent rally reflects market expectations for potential favorable policies and regulatory developments, rather than short-term fundamental improvements.BIT believes that if digital asset regulatory rules are further clarified, it could not only provide support for Bitcoin but also encourage more institutions to participate in the market.
According to The Block, the U.S. Senate Committee on Banking has released an updated 309-page version of the Clarity Act, scheduled for review and vote later this week. The new text includes language restricting stablecoin rewards and incorporates provisions from the Blockchain Regulatory Certainty Act, clarifying that non-custodial developers are not considered money transmitters. Coinbase—which had previously withdrawn its support due to controversy over the stablecoin rewards provision—has now reversed its position and endorsed the bill; however, banking industry groups still deem the restrictions insufficient. Meanwhile, the bill still lacks ethics-related provisions targeting digital asset-related benefits received by the President and other federal officials. Democratic lawmakers have stated that, absent such compromises, the bill is unlikely to gain their support.
Grayscale submitted the first application for a Zcash spot ETF on May 8.ZEC’s price once touched $600, pushing its market cap into the top 15 and surpassing Cardano. Multicoin Capital co-founder Tushar Jain noted that this move is driven by growing demand for privacy assets amid U.S. wealth tax legislative proposals. The SEC concluded its review of Zcash in January 2026 without taking enforcement action. Data shows that approximately 30% of ZEC’s supply is held in shielded addresses. Last week, U.S. Bitcoin spot ETFs saw $268 million in outflows, with some capital rotating into privacy and AI infrastructure tokens.
: Australian authorities plan to amend the capital gains tax system in the upcoming federal budget, with the adjustment covering cryptocurrencies and other digital assets. Currently, the Australian Tax Office treats most cryptocurrencies as capital gains tax assets, allowing individual investors who hold them for over 12 months to enjoy a 50% reduction in taxable gains.According to reports, the government is currently considering lowering the 50% discount rate to between 25% and 33%, or adopting inflation indexing to replace the fixed discount, meaning only the real appreciation above inflation would be taxed. The reform applies to stocks, exchange-traded funds, and digital currencies outside of pension accounts. Analysis indicates that the new rules could reduce the after-tax returns on high-growth tokens and may prompt retail investors to adjust their portfolios before the policy potentially takes effect on July 1, 2026. Specific details are pending confirmation in the Finance Minister's budget report.
According to an official announcement, Consensys submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) on May 11, stating that the SEC’s latest interpretive framework for digital assets may leave regulatory gaps, creating compliance uncertainty for self-custodial wallet providers such as MetaMask. Consensys requested that the SEC clarify—through a targeted safe harbor or other exemption—that self-custodial, user-directed interfaces need not register as broker-dealers solely because they facilitate transactions involving non-security digital assets that may be associated with investment contracts. Consensys stated that this measure aims to ensure U.S. users can continue using open, neutral peer-to-peer blockchain tools.
According to an official announcement, the 21Shares Hyperliquid ETF (THYP) will launch on May 12, 2026, Eastern Time. The announcement also notes that this fund is not registered under the Investment Company Act of 1940 and therefore is not subject to regulation under that Act—unlike most ETFs or mutual funds. 21Shares US further states that investing in THYP involves significant risks and high volatility, making it unsuitable for investors who cannot afford to lose their entire investment. Moreover, investing in THYP is not equivalent to directly investing in HYPE.
According to The Block, the Ethereum Foundation is restructuring its Protocol team, appointing Will Corcoran, Kev Wedderburn, and Fredrik as the new co-leads of the Protocol cluster. This reorganization comes as Barnabé Monnot and Tim Beiko plan to depart the organization, and Alex Stokes begins a sabbatical. The Protocol team is the Ethereum Foundation’s core team responsible for the design, research, development, and coordination of Ethereum’s base layer, covering areas such as security, cryptography, zkEVM, and peer-to-peer networking. The team is currently advancing Ethereum’s next major scalability upgrade, Glamsterdam, which aims to raise the gas limit ceiling and floor to 200 million and introduce ePBS. Subsequently, the team will shift its R&D focus toward the Hegotá upgrade and the FOCIL prototype to enhance Ethereum’s censorship resistance.
: Marc, the head of cryptocurrency donations at St. Jude Children's Research Hospital, stated that the hospital received a donation equivalent to 0.5% of the total supply of ASTEROID tokens approximately two years ago. However, due to the lack of compliant exchange channels at the time, the assets remained in the on-chain wallet.He noted that as ASTEROID's market cap rose from roughly $20,000 to over $150 million, the hospital's holdings were once valued between $500,000 and $1 million. To avoid impacting the community's liquidity, the hospital ultimately sold the holdings in 12 batches over two days, continuously monitoring liquidity throughout the process.Marc stated that the proceeds totaled over 290 ETH, worth approximately $676,000, and the funds will be used to support the treatment and research of childhood diseases at St. Jude Children's Research Hospital.
Sky (formerly MakerDAO) announced on X that the cross-chain bridging of USDS OFT on the Solana network, which was suspended due to the security review of the rsETH vulnerability incident, has resumed operation.Sky emphasized that during the review, its USDS-related contracts and the protocol itself were not affected. USDS has always maintained a fully overcollateralized state as designed, which can be verified in real-time on-chain. The suspension was a precautionary security measure. Currently, the bridging function on the Solana side has been reopened, while the Avalanche-related bridging will resume after further review is completed.
According to Decrypt, MoonPay has announced the acquisition of AI trading startup Dawn Labs and officially launched its AI-native trading product, Dawn CLI. This platform enables users to build and execute automated trading strategies via natural language prompts—no development or quantitative trading expertise required. Initially, the product supports the prediction market platform Polymarket, with plans to expand to additional trading platforms and asset types. Dawn CLI employs a local, non-custodial wallet and auditable strategy code to mitigate potential risks associated with AI agents executing trades. This acquisition marks MoonPay’s latest move in building AI infrastructure, following its earlier launch of the stablecoin debit card MoonAgents Card for AI agents, an open-source wallet standard, and its acquisition of crypto key management firm Sodot.
the Bank of New York Mellon (BNY) has announced the launch of a compliant institutional-grade digital asset custody service in the Abu Dhabi Global Market (ADGM), aiming to position Abu Dhabi as a global digital finance hub. The service is designed to provide institutional clients with highly secure and scalable digital asset custody solutions. Initially, the service will support the custody of Bitcoin and Ethereum, with subsequent phases expanding to stablecoins, tokenized real-world assets (RWAs), and more regulated digital financial products. The project remains subject to final agreement confirmation and relevant regulatory approvals. (Crowdfundinsider)
C1 Fund, a closed-end fund listed on the New York Stock Exchange, has released its Q4 and full-year financial reports for 2025. Its digital asset private investment strategy continues to expand, with portfolio optimization and liquidity events advancing simultaneously.As of the end of 2025, CFND's digital asset infrastructure investment portfolio includes industry-leading companies such as Alchemy, Blockchain.com, Chainalysis, Consensys, Figment, Kraken, and Ripple, covering core sectors including blockchain development, compliance analytics, trading platforms, and cross-border payments. In 2025, the fund made new investments exceeding $10.47 million in projects like BitGo, Fireblocks, and Polymarket (Blockratize Inc.), and completed additional allocations to holdings such as Ripple, further strengthening its deployment depth in the digital asset infrastructure space. (Businesswire)
Trader A (@missoralways) posted that he had stored seven-figure assets in Sigma for a long time without encountering security issues in the past. However, two of his recent wallets have suffered asset theft, both occurring when wallet balances fell below $10,000.He also stated that another friend suffered the theft of approximately $200,000 in assets today, and mentioned Sigma in connection with the incident. The Sigma team has launched an investigation. The trader said he released this information for security reminder purposes and emphasized that he is not an affiliated promoter of any bot-related products.
Bloomberg ETF analyst Eric Balchunas posted on X that the prediction market ETF was not launched today as originally scheduled, as the U.S. Securities and Exchange Commission (SEC) has decided to conduct further reviews of related products.Eric Balchunas stated that the delay "is not a fatal issue" at this point, but rather suggests that regulators want to conduct additional scrutiny on the disclosure documents. He noted that such products are groundbreaking and, once approved, will set an important regulatory precedent for prediction market ETFs, so it is understandable that the SEC wants to dedicate more time to review them.
According to Decrypt, in April 2025, family members of victims of the Florida State University shooting filed a lawsuit against OpenAI in federal court. They alleged that ChatGPT provided the shooter, Phoenix Ikner, with specific guidance—including firearm usage techniques, ammunition recommendations, and suggestions on timing—weeks before the incident. This allegedly included information about peak lunch hours at the student union and statements such as “involving children is more likely to attract national attention.” OpenAI denied the allegations, stating that ChatGPT only delivered publicly available information and did not encourage illegal conduct. Florida’s Attorney General has launched a criminal investigation into OpenAI and issued subpoenas. This case is viewed as a pivotal precedent for establishing AI companies’ legal liability when their systems facilitate criminal acts; similarly, families of victims of a prior mass shooting in Canada have also filed lawsuits against OpenAI.
According to QCP analysis, this week features a dense schedule of macroeconomic events, with market attention focused on three key themes: First, President Trump and President Xi Jinping are scheduled to meet in Beijing this week, with discussions expected to cover tariffs, the rare-earth supply chain, and the Middle East situation; markets are watching closely to see whether substantive progress can be achieved on trade. Second, April’s CPI, PPI, and retail sales data will be released sequentially; if inflation stabilizes, real yields may decline—historically providing support for the crypto market—whereas the opposite would reinforce expectations of monetary tightening. Third, the U.S. Senate Banking Committee will hold hearings on the CLARITY Act; legislative progress could further catalyze institutional capital inflows. Currently, despite ETF outflows last week, BTC has held the $80,000 level, while crypto volatility remains near its lowest point of the year, with the VIX at approximately 18. In the short term, BTC is highly likely to remain range-bound, with $84,000 serving as a key resistance level.
According to the official announcement, the second asset launched on Bitget IPO Prime is preOPAI—a digital token issued by the regulated issuer Republic on the Solana blockchain, designed to mirror OpenAI’s post-IPO economic performance on a 1:1 basis. As the world’s leading consumer AI provider, OpenAI reports approximately 900 million weekly active users, according to official data. Its most recent funding round raised $122 billion, with participants including Microsoft, NVIDIA, Amazon, and SoftBank. Bitget IPO Prime operates on a subscription model, whereby users receive subscription quotas based on their account tier. Upon completion of token allocation, users may trade the tokens on the upcoming spot market. Alternatively, after the lock-up period for preOPAI’s underlying debt assets expires, the issuer will authorize Bitget to convert users’ holdings into either stock tokens or USDT, referencing the underlying company’s (OpenAI’s) publicly traded stock price. IPO Prime Details: • OpenAI Implied Valuation: $898.21 billion • Total IPO Prime Subscriptions: 29,082 • Total Subscription Value: $21,084,450 • Subscription Price: 1 preOPAI = $725 • Accepted Subscription Currencies: USDT or USDGO • Total Subscription Pool Cap: $300,000,000
According to Fortune, stablecoin-focused bank Augustus has received a federal banking charter from the U.S. Office of the Comptroller of the Currency (OCC), becoming the eighth institution to obtain such a license since 2010. Simultaneously, Augustus closed a $40 million funding round, with investors including Valar Ventures (founded by Peter Thiel), Creandum, and founders of Ramp, Deel, and Circle.
According to the official website of the Chinese government, the General Office of the State Council issued the “State Council’s 2026 Annual Legislative Work Plan,” which specifically highlights improving legislation related to AI governance. The plan explicitly states that comprehensive legislation promoting the healthy development of AI will be expedited, and legislation safeguarding AI’s foundational elements—including data, computing power, algorithms, intellectual property rights, cybersecurity, and supply chain security—as well as regulating key application scenarios, will also be accelerated. By incorporating AI governance into the national-level comprehensive legislative framework, this legislative initiative marks China’s entry into a substantive implementation phase for building its AI regulatory framework.
Moomoo, the overseas brand of Futu Holdings, has obtained a prediction market compliance license from U.S. regulatory authorities, becoming one of the first online brokers authorized to offer event contract trading services to retail investors in the United States. According to disclosures, Moomoo plans to launch these services for U.S. users shortly, covering domains including sports events, economics, politics, and culture. Event contracts are financial derivatives designed around the outcomes of specific events; users can trade on whether an event “will or will not occur” and settle positions once the outcome is determined. Moomoo stated that these products will operate under the regulatory framework of the U.S. Commodity Futures Trading Commission (CFTC).