News linked to this event type.
: VanEck's tokenized U.S. Treasury fund, VBILL, has officially launched on the DeFi lending protocol Euler. The fund is issued and tokenized by Securitize. Investors can now use tokenized Treasury bonds as collateral for on-chain lending and liquidity operations, while meeting compliance restrictions.This move reflects that DeFi protocols are accelerating their transition towards institutionalization and compliance to attract traditional financial capital into the on-chain market. Data shows that the market size of tokenized U.S. Treasury bonds has surpassed $15 billion, growing approximately 150% over the past year. Traditional asset management giants such as BlackRock, Franklin Templeton, and Janus Henderson have all launched on-chain treasury or money market products.Euler has previously integrated Securitize's DS Protocol to support the inclusion of tokenized securities with investor qualification restrictions and transfer rules into its lending market. DeFi protocols like Aave are also expanding into institutional-grade RWA businesses.Institutions estimate that the market size for asset tokenization could reach $18.9 trillion by 2033. A Securitize executive stated that as traditional financial institutions enter the crypto space, DeFi protocols must find a balance between openness and compliance requirements. (CoinDesk)
Ethereum co-founder Vitalik Buterin recommended the "The Interfold" project in a post, stating that more people should learn about Interfold. It is a general implementation version of the MACI (Minimal Anti-Collusion Infrastructure) concept he has repeatedly called for over the past decade. Essentially, this project is a privacy protocol optimized for scenarios such as voting and secret auctions, allowing more people to pay attention to and understand this technological advancement.Vitalik also stated that the core mechanisms of Interfold include generating threshold encryption keys, users submitting votes on-chain with ZKP eligibility proofs, performing arbitrary computations within Fully Homomorphic Encryption (FHE) followed by threshold decryption. This enables unconditional voter anonymity, Ethereum-level censorship resistance, and ensures correctness through ZK over FHE, among other strong security guarantees. The main limitation at present is the high cost of complex computations (such as multiplication operations); only additive vote counting is mature. Optimizations based on slashing are being advanced, with a long-term goal of implementing obfuscation techniques to eliminate reliance on M-of-N committees.
According to Fortune magazine, prediction market platforms such as Kalshi and Polymarket are attracting younger users through meme culture, humorous memes, and gamified design. These platforms enhance user engagement with features like leaderboards, badges, and comment-based interactions, while also lowering participation barriers—setting the minimum age for use at 18, below the 21-year-old legal gambling age in most U.S. states. Currently, only a small number of top users profit from Polymarket trading, while approximately 69% of users incur losses. Experts warn that young users, whose cognitive development is still ongoing, may develop a high-risk investment dependency. U.S. Senators Katie Britt and Richard Blumenthal have reportedly introduced legislation to restrict minors’ exposure to prediction market advertising.
According to The Block, the Bank for International Settlements (BIS) announced that its “Project Agorá” tokenized prototype has successfully validated the feasibility of atomic settlement for cross-border wholesale transactions. The prototype adopts a layered architecture that leverages tokenized central bank reserves and commercial bank deposits to execute multi-currency, multi-jurisdiction “all-or-nothing” transaction chains, while allowing individual central banks to retain operational autonomy. Legal analysis indicates that settlement finality can be achieved across all seven participating jurisdictions, and privacy protection can also be ensured within a compliant regulatory framework. Launched jointly by the BIS and the Institute of International Finance (IIF), the project currently involves seven central banks—including the Federal Reserve Bank of New York, the Bank of England, Banque de France, the Bank of Japan, the Bank of Korea, Banco de México, and the Swiss National Bank—as well as over 40 private-sector financial institutions. In the next phase, the Bank of Canada will officially join as the eighth central bank participant; the project will advance to real-value testing and further expand private-sector involvement.
Polymarket's Vice President of Engineering, Josh Stevens, clarified in a post on X that the prediction market platform will not introduce mandatory Know Your Customer (KYC) checks on its existing services. Stevens stated that KYC is only applicable to the early testing of a new Beta product for some users, and none of the existing products will require KYC as a result. The product will not require KYC after it exits Beta testing either. Polymarket currently faces access restrictions in several jurisdictions, including bans on users placing orders or only allowing position closures. In April, Brazil blocked 27 prediction market platforms, including Polymarket and Kalshi, while Spain's gambling regulator also restricted local users' access to Polymarket and Kalshi in May. (Cointelegraph)
According to an official Aave tweet, Push Labs Ltd. (registration number: 1031720) and Push Virtual Assets Ltd. (registration number: 1031721), UK subsidiaries of Aave Labs, have been approved by the UK’s Financial Conduct Authority (FCA) and officially registered as cryptoasset service providers.
Odaily Two executives from competing prediction market platforms clashed on X over KYC issues. The incident began when Polymarket's Vice President of Engineering, Josh Stevens, refuted claims that the platform would fully implement KYC. In response, Kalshi's Head of Enforcement, @robertjdenault, cited relevant posts, arguing that Polymarket should have adopted KYC long ago. He claimed that Russians and Iranians were trading freely on the platform, and insiders were also using it wantonly. He added that if Polymarket truly wanted to prevent this, it should either bring all operations into compliance (starting with KYC) or shut down.In response, a Polymarket official, Mustafa, called the Kalshi executive an "idiot" in the comments under the post.
According to CriptoNoticias, Costa Rica’s Legislative Assembly unanimously approved, during its second debate on May 25, an amendment to Law No. 7786, clarifying anti-money laundering (AML) obligations for virtual asset service providers (VASPs) and requiring such entities to register with the General Superintendency of Financial Entities (Sugef).
Odaily News: Costa Rica's Legislative Assembly has unanimously approved amendments to Law No. 7786, establishing specific obligations for virtual asset service providers regarding anti-money laundering, counter-terrorism financing, and counter-proliferation financing of weapons of mass destruction. The new law requires virtual asset service providers to register with the Financial Superintendence General and fulfill obligations including customer identification, due diligence, transaction record keeping, and reporting of suspicious transactions. Penalties for violations range from 5% to 50% of the transaction amount, or between $1,800 and $90,000. The law will take effect three months after its publication.
Chainalysis has released a report indicating that overall compliance standards in the crypto industry are improving, but significant deficiencies remain in the monitoring of indirect fund flows.The report shows that among new institutions entering the crypto industry in 2026, approximately 47% adopted alert standards that would have ranked among the strictest top 10% in the industry five years ago. Chainalysis states that while industry standards for "direct monitoring" (funds coming directly from known illicit sources) have become largely unified, gaps remain in "indirect monitoring" (funds flowing through intermediate addresses).Data indicates that in 2020, only about 10% of institutions met top-tier industry compliance requirements. However, since 2023, this proportion has significantly increased, with newcomers generally adopting stricter monitoring standards. Nevertheless, for risk categories such as ransomware, scam shops, and darknet markets, industry thresholds for indirect monitoring are still commonly 10 to 20 times higher than those for direct monitoring. (Cointelegraph)
According to FinanceFeeds, Italian bank Banca Sella has completed the formal notification procedure under the EU’s Markets in Crypto-Assets Regulation (MiCA) with the Bank of Italy, becoming the first Italian bank authorized to offer fully compliant native digital asset services. These services will focus on institutional-grade crypto-asset custody, receipt, and transfer, and are expected to launch before the end of the current fiscal year’s fourth quarter, initially available only to a select group of clients.
HTX has always actively embraced compliance and is willing to cooperate with all relevant parties in reviews and communications to resolve misunderstandings as soon as possible.
the General Directorate for Gambling Regulation (DGOJ), under Spain's Ministry of Consumer Affairs, has ordered internet service providers to temporarily block access to prediction market platforms Polymarket and Kalshi.Regulators believe that the two platforms, without obtaining Spanish gambling licenses, offer local users prediction trading products based on the outcomes of future events, which may violate local gambling laws. Spanish authorities stated that unlicensed platforms lack necessary consumer protection measures such as identity verification, minor protection, and self-restriction mechanisms.According to reports, the related investigation is expected to last 3 to 4 months. During the investigation period, Spanish users will see a risk warning when accessing the relevant websites. Regulatory authorities may subsequently adopt measures such as fines, permanent restrictions, or requiring the platforms to apply for local licenses. (crowdfundinsider)
The Korean National Police Agency has formulated a comprehensive anti-money laundering response plan and established a specialized task force (TF) led by its Economic Crime Investigation Department, focusing on money laundering crimes involving virtual assets such as USDT. This TF will collaborate with departments handling cybercrime, cyberterrorism response, major crimes, and drug investigations to strengthen the tracing of illicit proceeds and separately apply relevant legal provisions to prosecute money laundering activities. Additionally, the police will enhance training on virtual asset tracing, closely monitor high-value bank accounts linked to domestic cryptocurrency exchanges, and assess money laundering risks associated with unregistered virtual asset exchange points.
SUPERFORTUNE AI posted on X platform, stating that the team is investigating a GUA security incident that occurred on May 27. The incident led to drastic price fluctuations in the token. Preliminary investigations suggest the incident may involve address tampering during a multi-signature transaction.The announcement states that the original plan was to send additionally unlocked tokens to the airdrop claim contract address. However, during execution, the funds were mistakenly sent to a different hacker address. The team noted that this hacker address had never interacted with any SUPERFORTUNE-related addresses before, making an "address poisoning attack" less likely as the attack vector.Furthermore, SUPERFORTUNE stated that its internal processes include a multi-layered address verification mechanism. The team is continuing its investigation into the incident and will update the community on the latest developments subsequently.
According to CriptoNoticias, the Argentine government has submitted a bill targeting gambling addiction to Congress, proposing to prohibit cryptocurrency exchanges from conducting business with illegal gambling platforms. This is dubbed Argentina’s first targeted regulatory measure against the cryptocurrency industry.
in response to The Information's report on "Polymarket planning to require users to complete KYC due to compliance pressure," Polymarket's Vice President of Engineering, Josh Stevens, responded that the report is not true.Josh Stevens stated that Polymarket is currently testing a new beta product, and KYC verification is only required for some trial users during the testing period. There is no new KYC requirement added to the existing Polymarket website.He further stated that once the testing period for this product ends, users will no longer need to undergo KYC to use it.
: The United States Commodity Futures Trading Commission (CFTC) announced that it has jointly filed for an exemption from judgment with Gemini Trust Company LLC regarding the lawsuit initiated against Gemini in 2022.It is reported that the case was filed in June 2022, and both parties reached a settlement agreement in January 2025. After a comprehensive review, the CFTC concluded that the case should not have been brought and would not be pursued under current enforcement standards.The review report identified six major issues, including: the lawsuit was primarily based on statements from a whistleblower known to lack credibility; the investigation targeted Gemini as the victim rather than focusing on the alleged fraudsters; doubts existed regarding the strength of evidence against Gemini; key evidence was not provided to commissioners during their vote; litigation attorneys used deliberative privilege to prevent Gemini from accessing defense materials; and personnel involved were suspected of using regulatory authority to pressure Gemini into a settlement.
: The U.S. Department of Justice has indicted Google software engineer Michele Spagnuolo for allegedly exploiting confidential internal Google information to trade on prediction markets via Polymarket, illegally profiting approximately $1.2 million.According to the indictment, Spagnuolo, operating under the account name "AlphaRaccoon" on Polymarket, placed bets totaling over $2.7 million related to Google's "Year in Search 2025" rankings. He is suspected of obtaining advance access to Google's internal data on the most searched personalities to guide his trading decisions.U.S. prosecutors stated that his actions allegedly violated his fiduciary duties to his employer and constitute insider trading. Google confirmed that the employee has been suspended and is cooperating with law enforcement authorities. Polymarket stated that it has cooperated with U.S. prosecutors and the CFTC, noting that blockchain transactions are transparent and traceable. (TechCrunch)
According to The Block, the White House Office of Information and Regulatory Affairs has received the Commodity Futures Trading Commission’s (CFTC) proposed rulemaking notice on prediction markets and is currently reviewing it. The CFTC stated it will provide further details after the interagency review process concludes. Recently, Trump publicly endorsed CFTC Chair Michael Selig’s position that prediction markets should fall under the CFTC’s exclusive jurisdiction. Over the past year, the CFTC has consistently reinforced its regulatory claims over prediction markets and has filed lawsuits against five states—Wisconsin, Illinois, Arizona, Connecticut, and New York—seeking to restrict Kalshi and Polymarket. TD Cowen believes Trump’s statement is unlikely to alter the legal dispute surrounding this matter in federal court.