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According to CoinDesk, Patrick Witt, Executive Director of the White House’s Digital Assets Advisory Committee, stated at Consensus Miami 2026 that the White House has set July 4 as the target date for the House of Representatives to pass the Digital Asset Markets Clarity Act (Clarity Act). The specific timeline is as follows: the Senate Banking Committee will complete its markup process this month; in June, the full Senate vote will proceed during four designated Senate work weeks; and the bill will then be sent to the House of Representatives for a final vote before Independence Day. Regarding core points of contention in the bill, Senators Thom Tillis and Angela Alsobrooks have reached a compromise on the stablecoin yield provision—prohibiting stablecoins from offering yields equivalent to bank deposits, while preserving rewards tied to consumer spending. Witt stated this issue is “closed.” Additionally, the White House is pushing to expand the scope of conflict-of-interest provisions to cover *all* government personnel, “from the President to congressional interns,” and explicitly opposes targeted provisions aimed at specific officials or their families. Witt also warned that if the U.S. fails to establish regulatory leadership by 2026, it will be forced to follow rules set by other countries—“God forbid China sets those rules.”
Chicago Fed President Austan Goolsbee said Wednesday that the war with Iran increasingly appears to be an inflationary shock to the economy. While the impact on employment and economic growth is not yet apparent, concerns are mounting over supply chain disruptions and persistently rising prices. "This is not yet a 'stagflationary' shock"—the kind that simultaneously hits the job market and pushes up inflation, forcing the Fed to decide which of its policy objectives faces greater risk—Goolsbee said after a conference at the Milken Institute in Los Angeles. "This is purely an inflation shock. And the longer it persists, the more uneasy I become."
Odaily reports, Senator Kirsten Gillibrand stated at the Consensus conference that cryptocurrency market structure legislation will not receive a floor vote unless it includes an ethics clause. Gillibrand pointed out that it is necessary to prohibit members of Congress, senior government officials, and the President and Vice President from using their insider positions to profit in the crypto industry. Currently, multiple Democratic senators have expressed concerns about President Trump and his family's crypto connections. Bloomberg estimates that Trump has already profited at least $1.4 billion through crypto ventures. The bill had previously stalled in the Senate over issues related to stablecoin reward handling. While a compromise has now been reached, the ethics clause has become a new obstacle. Gillibrand stated that she is working with the White House and both parties to ensure the clause is included, and is also pushing for the addition of consumer protection and anti-terrorism financing provisions. The bill is expected to pass before the August recess.
According to The Block, Kraken has launched CFTC-regulated crypto spot margin trading for U.S. retail users. Users can use their held crypto assets as collateral to trade with up to 10x leverage—without needing to first sell assets to obtain liquidity. This product is the first offering launched by Kraken’s parent company, Payward, following its acquisition of crypto derivatives platform Bitnomial and leveraging Bitnomial’s regulatory license. Payward previously stated that it plans to roll out regulated perpetual contracts and options products for U.S. users in the future.
Odaily News On the 6th local time, Ebrahim Rezaei, spokesperson for the Iranian Parliament's National Security and Foreign Policy Committee, stated on social media that the multiple remarks made by the US side on Axios were “the American wish list, not reality. What Americans cannot obtain in face-to-face negotiations, they will not obtain in a losing war either.” Rezaei also stated that if the US does not make the necessary concessions, Iran is ready to fire. (CCTV)
According to The Information, Polymarket—four years after exiting the U.S. market—is attempting to re-enter the domestic market by acquiring a U.S.-licensed derivatives and futures exchange, thereby rejoining the regulated framework, and has appointed Justin Hertzberg to lead its U.S. operations. However, recent developments indicate that Polymarket’s U.S. business progress has fallen short of expectations, with its market share significantly trailing that of its main competitor, Kalshi. Reportedly, within the company, Justin Hertzberg assumes more of a “figurehead CEO” role, primarily responsible for signing regulatory documents, while his capacity to manage and scale U.S. operations remains limited. Overall, Polymarket’s re-entry into the U.S. market continues to face dual challenges—both regulatory and operational.
according to Gate Ventures' latest weekly report, the global market performance is generally stable, but inflationary pressures and policy divergences are rising simultaneously. The S&P 500 topped the 7,200 mark for the first time. The Fed kept interest rates unchanged but showed major internal divisions. Compounded by volatile oil prices due to supply shocks in the Strait of Hormuz, market expectations of "stagflation" have intensified. Against this backdrop, the crypto market remains in a consolidation pattern, with BTC largely flat and ETH experiencing a slight pullback. ETF fund flows are diverging, and market sentiment remains cautious.At the industry level, the CLARITY Act has clarified the boundaries for stablecoin yields, further promoting a clearer regulatory framework. EURC is seeing rapid growth in Spanish retail payment scenarios, indicating that localized stablecoin applications are coming to market. The Solana ecosystem is advancing its post-quantum signature scheme, Falcon, reflecting the industry's forward-looking layout for long-term security. In terms of investment and financing, 15 deals were completed this week, with a total volume of $167 million, representing a 205% increase week-over-week. The infrastructure track continues to dominate. Among these, Four Pillars completed a Series A funding round to strengthen institutional-grade research and infrastructure capabilities. Belo secured $14 million in a funding round led by Tether, accelerating the expansion of its stablecoin payment network in Latin America. Overall, capital continues to concentrate towards infrastructure and cross-asset platforms, driving the industry's accelerated evolution towards institutionalization and multi-asset integration.
: According to official sources, the Jito Foundation is partnering with Solana Company (NASDAQ: HSDT) to provide institutional-grade Solana infrastructure in the Asia-Pacific region. The two parties will operate BAM validators using Pacific Backbone in Hong Kong, Singapore, Japan, and South Korea. This low-latency infrastructure network supports staking, validation, and trading services in the Asia-Pacific region. Additionally, they will jointly develop an institutional-grade JitoSOL staking product, delivered through Solana Company's consulting service model, to meet the compliance requirements of large capital allocators. The head of the Jito Foundation for the Asia-Pacific region stated that this collaboration aims to combine Jito's market layer technology with Solana Company's regional experience and institutional network, laying the foundation for scalable and compliant participation within the Solana ecosystem.
According to CoinDesk, cryptocurrency custody provider Taurus has obtained a MiFID II investment license from the Cyprus Securities and Exchange Commission (CySEC), enabling it to offer tokenized financial instrument services to EU banks and asset management firms, and supporting secondary trading of tokenized bonds, fund shares, equities, and structured products. Additionally, Taurus already holds a license from the Swiss Financial Market Supervisory Authority (FINMA), and its application under the EU’s Markets in Crypto-Assets Regulation (MiCA) is underway.
According to Cointelegraph, the domain name of BG Wealth Sharing—a suspected $150 million cryptocurrency Ponzi scheme—has been seized by U.S. law enforcement authorities. On-chain investigator ZachXBT revealed that individuals linked to the scheme attempted to launder over $92 million between April 27 and May 3. In collaboration with Tether, Binance, OKX, and U.S. law enforcement, more than $41 million in funds was successfully frozen. The scheme began operations in 2025 and heavily promoted itself via social media, promising daily returns of 1.3%–2.6%, primarily targeting retail investors. Prior to its shutdown, its CEO, Stephen Beard, instructed users to pay a 12% tax on their account balances, citing an “IPO regulatory process”—a move widely perceived by users as the final “harvesting” of retail investors.
Nathan McCauley, Co-Founder and CEO of Anchorage Digital, posted on X stating that the financial system is entering an “autonomous era,” where AI is evolving from an assistive decision-making tool into an independent agent capable of executing workflows, participating in negotiations, and conducting operations on behalf of institutions. In response, Anchorage has launched its Agentic Banking infrastructure—a compliant and governable financial access layer for AI systems. This infrastructure provides identity verification, policy-based controls, and settlement capabilities spanning both crypto and traditional financial systems, enabling AI to directly participate in economic activity within regulated frameworks. Leveraging its U.S. federal charter as a crypto bank, Anchorage delivers a compliant “execution layer” that ensures transactional authorization controls, real-time risk management, and auditability.
The immediate trigger for this regulatory tightening was Meta’s $2 billion acquisition of Manus—a China-founded AI agent company—after which relevant authorities ordered the deal’s reversal and launched a systematic review of the “domestically operated, offshore-registered” corporate model. Dismantling a red-chip structure is procedurally complex, typically taking six months to one year and involving multiple steps—including repurchasing offshore equity, establishing a joint venture, and having investors re-invest. Moreover, shares of such joint ventures listed in Hong Kong are subject to a 12-month lock-up period—twice as long as that for ordinary red-chip stocks. Analysts note that if red-chip structures face comprehensive restrictions, Chinese startups’ ability to raise U.S. dollar funding from overseas will be significantly weakened.
Ekubo Protocol officially stated on the X platform that an active security incident has been identified in the Ekubo Swap Router contract on EVM chains. The impact is limited to EVM chains, with LPs unaffected; Starknet is also unaffected. The team is investigating the scope of the issue, but as a safety precaution, users are advised to revoke all approvals.
According to Decrypt, an anonymous cryptocurrency whale filed a lawsuit against Coinbase this week in the U.S. District Court for the Northern District of California, accusing the exchange of refusing to return over $55 million worth of DAI stablecoins stolen in a phishing attack in 2024. The plaintiff claims to have engaged multiple on-chain investigation firms to trace the funds, ultimately identifying that the stolen assets flowed into a Coinbase account. Coinbase confirmed in December 2024 that it had frozen the relevant assets but refused to return them, citing the need for a court order. As of today—more than a year and a half after the incident—the victim has still not recovered the assets and has therefore turned to litigation. The attack was carried out by hackers using the “Inferno Drainer” tool to spoof the DeFi Saver login page; after the victim inadvertently interacted with the fake page, their wallet was fully compromised by the attackers.
: CME Group has announced the launch of cash-settled Bitcoin Volatility Futures, scheduled to go live on June 1st (pending regulatory approval).Based on the 30-day Implied Volatility Index (BVX), this product allows traders to trade or hedge Bitcoin volatility without speculating on the direction of price movements.The new contract is expected to carry the ticker symbol BVI, with a contract multiplier of $500 x the index value, aiming to provide the market with a more refined risk management tool.
TD Cowen has noted that the deep division over the mechanism for stablecoin yields remains difficult to bridge, which could slow the advancement of US crypto market structure legislation and even impact its chances of passing within the year.Several banking industry organizations, including the American Bankers Association, have officially opposed relevant compromise proposals, arguing that allowing crypto platforms to offer stablecoin yields to users would pose a significant threat to traditional banks.Analysts suggest that the opposing positions of banks and crypto platforms on this issue leave "little room for a middle-ground solution" in the near term, making it a key obstacle in the current legislative process.
SoFi Technologies has announced the expansion of its stablecoin, SoFiUSD, to the Solana network, attracted by its low costs, high throughput, and rapid settlement capabilities.Launched in 2025 as a fully reserved US dollar-pegged stablecoin, SoFiUSD was initially deployed on Ethereum, designed to provide banks, fintech companies, and enterprises with near real-time settlement infrastructure available 24/7.As the regulatory framework gradually becomes clearer, banks and financial institutions are accelerating their entry into the stablecoin赛道, competing with major issuers such as Tether and Circle.
Ripple CEO Brad Garlinghouse stated that the next two weeks will be a critical window for advancing cryptocurrency legislation in the United States.He pointed out that if the Senate Banking Committee fails to complete the markup of the bill in the near future, the probability of the bill passing will "significantly decrease," especially as the midterm elections approach, which could further politicize related issues.Currently, the U.S. is pushing forward with the first federal-level crypto regulatory framework, involving the division of regulatory responsibilities between the SEC and the CFTC. Although the House version has been passed, progress in the Senate has been relatively slow. However, recent compromises on the issue of stablecoin yield could bring a turning point for progress this month.
Coinbase announced a “seven-figure” strategic investment in Centrifuge and selected it as the primary asset tokenization partner for its public blockchain, Base. Under the partnership, Centrifuge will serve as the core infrastructure for issuing tokenized assets on Base, enabling the onchain issuance and trading of real-world assets (RWAs), including ETFs, credit funds, and structured products. The two parties have previously collaborated—for instance, launching the first compliant onchain S&P 500 index fund on Base.
The fourth EU-Japan Digital Partnership Council meeting was held in Brussels on May 5. The European Commission stated that it will further deepen regulatory, scientific research, and industrial cooperation with Japan in areas including data, artificial intelligence (AI), quantum technologies, digital infrastructure, and online platforms. According to the joint statement, the EU and Japan have reached agreements on cooperation across several key areas, including data governance, AI, and quantum technologies. In the field of data governance, the EU plans to jointly establish a “Data Strategy Working Group” with Japan to enhance data-sharing capabilities and promote collaborative R&D and innovation. Meanwhile, the EU welcomed Japan’s participation in its flagship science program, Horizon Europe, noting that this move will accelerate joint scientific research in digital domains such as AI. The statement also indicated that both sides will launch joint research projects in quantum technologies to advance hybrid computing environments and explore applications of quantum technologies in materials science, CO₂ emission reduction, communications networks, fluid dynamics, and satellite image analysis. (Xinhua News Agency)