News linked to both this project and an event.
Odaily News: Since the launch of Sui's Hashi Bitcoin lending protocol testnet on July 22, it has processed over 1.1 million Bitcoin deposits and 165,000 withdrawals within three weeks. As of last week, more than 25 institutions had participated in the system's stress testing. Participating institutions include digital asset custodian BitGo, trading firm Cumberland, as well as Swissborg, Fluid, and Ledger, covering areas such as trading, custody infrastructure, and wealth management platforms. Hashi allows users to deposit native Bitcoin, which is confirmed by Sui validators before minting hBTC for on-chain lending and stablecoin borrowing. Deposits utilize a 2-of-2 multi-signature mechanism with MPC validator signatures, while withdrawals require review by the Guardian Layer; the project team will proceed with the 2026 mainnet launch only after this security layer completes its security audit. (Bitcoin.com News)
Odaily News, Ground COO Stephanie Vaughan stated that the current DeFi industry is陷入 a "yield war," but market participants are more focused on securing distribution access to fintech platforms, overlooking the real problems users need to solve.She pointed out that Robinhood, Coinbase, Revolut, and Kraken are competing for user funds, while protocols such as Aave, Morpho, and Ethena are competing to become the infrastructure for lending strategies. Vault service providers and risk management institutions are also competing around fintech platforms. However, this model does not establish DeFi's own user relationships—it merely fights for the opportunity to be selected by platforms.Stephanie believes that the current market is signaling that DeFi products have near-zero pricing power. Much of the yield comes from subsidies provided by platforms, Vault service providers, strategy providers, or underlying protocols, rather than genuine demand created by the products themselves. This is more like paying "shelf fees" than achieving true distribution capabilities.She further noted that some multi-strategy Vaults suffer from issues such as idle capital, deployment delays, and slow governance processes, resulting in a gap between the actual returns users receive and the advertised APY. In contrast, traditional financial products like money market funds can put capital to work immediately.Stephanie stated that with declining L2 costs and maturing cross-chain infrastructure, the chain itself is no longer a core competitive advantage. In the future, DeFi should build products closer to personal execution environments, driven by user needs. She believes the competitive focus should shift from shared Vaults to infrastructure like MPC wallets, allowing users to retain control over strategies while platforms handle execution and streamline processes.
Crypto.com Custody has announced it will provide institutional-grade custody and liquidity services for XYO and XL1. This marks the first listing on a major trading platform for XL1 following its token sale, allowing qualified institutions and high-net-worth clients to store, manage, and exchange both tokens through a regulated pathway. Related assets will be held in client-segregated MPC wallets and held by bankruptcy-remote entities. Private keys are protected by multi-party computation running within a trusted execution environment. Clients have access to cold storage, audit trails, and Crypto.com’s institutional liquidity services. Eric Anziani, President and Chief Operating Officer of Crypto.com, stated that digital asset organizations require custody solutions that offer both security and liquidity. Markus Levin, co-founder of XYO, noted that after XYO was initially listed on the Crypto.com trading platform, the relationship between the two parties has continued to expand. In July 2026, Citadel Securities invested $400 million in Crypto.com at a valuation of $20 billion. In February 2026, the U.S. Office of the Comptroller of the Currency (OCC) conditionally approved Crypto.com to establish Crypto.com National Trust Bank.
Odaily Planet Daily reported that Galaxy stated on X platform that many Registered Investment Advisors (RIAs) face difficulties in responding to client demands for allocating funds to DeFi while meeting compliance requirements under the U.S. SEC's Custody Rule. The current rule requires client assets to be held with a Qualified Custodian (QC), effectively excluding the self-custody path and making it difficult for traditional financial accounts to directly participate in DeFi strategies.In practice, however, the technical compatibility and compliance integration costs between custodians and new public chains, tokens, and DeFi protocols are high. Most custodians also lack the capability to support DeFi interactions, resulting in a persistent "compliance infrastructure gap." Meanwhile, fiduciary duties require RIAs to not simply exclude client demand for DeFi exposure, placing institutions in a structural conflict between compliance and investment intent.Galaxy believes that a potential future solution lies in establishing a principles-based regulatory framework, including MPC key management, governance controls, third-party audits, on-chain transparency, and rigorous protocol due diligence mechanisms. This approach would aim to unlock on-chain asset allocation capabilities without weakening regulatory objectives.
Bitget has integrated Fireblocks Off Exchange, enabling institutional users to trade via on-chain MPC shared wallets without transferring assets—retaining full control over their assets while gaining complete access to Bitget’s liquidity and execution environment.
According to Odaily Planet Daily, Megan Greene, a member of the Bank of England's Monetary Policy Committee (MPC), stated on Sunday that the hype around stablecoins may soon dissipate, to be replaced by tokenized deposits—digital versions of traditional bank deposits.Stablecoins, a type of crypto asset designed to maintain a stable value, have grown in popularity in recent years. Although issuance has leveled off in recent months, some still anticipate further growth for stablecoins."I think it's very likely that tokenized deposits will replace stablecoins, and in five years, we might wonder why we were even talking about stablecoins," Greene said at a conference in Dubrovnik, Croatia. She believes that central bank digital currencies (CBDCs), stablecoins, and digital deposits all have their respective markets, but once commercial banks realize they risk losing traditional deposits if they don't act, digital deposits could ultimately emerge as the winner. (Sina Finance)
According to official announcements, the Gate CFD contract zone has launched 53 CFD trading pairs: SHLD (GLOBAL X Defense Technology ETF), DRAM (Roundhill Memory ETF), GME (GameStop), NBIX (Neurocrine Biosciences), BAX (Baxter International), KMI (Kinder Morgan), CFG (Citizens Financial Group), Z (Zillow Group), DVN (Devon Energy), ADP (Automatic Data Processing), ADM (Archer-Daniels-Midland), GPN (Global Payments), SIRI (Sirius XM), ECL (Ecolab), MPC (Marathon Petroleum), MDLZ (Mondelez International), BKR (Baker Hughes), EL (Estée Lauder Companies), LVS (Las Vegas Sands Corp), LHX (L3Harris Technologies), VALE (Vale), A (Agilent Technologies), FOXA (Fox Corporation), TJX (TJX Companies), CLX (The Clorox Company), CCI (Crown Castle International), FAST (Fastenal), HLT (Hilton Worldwide), HOG (Harley-Davidson), DLR (Digital Realty Trust), PPG (PPG Industries), MTCH (Match Group), PLD (Prologis), EMR (Emerson Electric), KODK (Eastman Kodak), SWKS (Skyworks Solutions), AEP (American Electric Power), MDT (Medtronic), OMC (Omnicom Group), NSC (Norfolk Southern Railway), GFI (Gold Fields), BMY (Bristol-Myers Squibb), ROK (Rockwell Automation), LEN (Lennar Corporation), ETSY (Etsy), ADI (Analog Devices), CHTR (Charter Communications), NTRS (Northern Trust), NBR (Nabors Industries), EDU (New Oriental Education & Technology Group), VFS (VinFast), SENS (Senseonics), ETD (Ethan Allen Interiors). These contract trading pairs support 4x fixed leverage.In addition, the Gate CFD Stock Contract Zone will launch the new coin airdrop Phase 4 event from 16:00 on May 19 to 16:00 on May 29 (UTC+8). During the event, registered users can receive 300 USDT and share a prize pool of 900,000 USDT by participating in trading the newly listed assets, with a maximum reward of 31,300 USDT per person.
According to GlobeNewswire, eToro, a trading and investment platform, announced it has signed an agreement to acquire Zengo, a leading self-custodial crypto wallet provider. This acquisition aims to deepen eToro’s digital asset capabilities and accelerate its strategic initiative to bridge traditional finance with on-chain infrastructure. Founded in 2018, Zengo builds its keyless wallet architecture on Multi-Party Computation (MPC) cryptographic technology. It currently serves over 2 million users across more than 180 countries and regions, and has never experienced a wallet breach since its inception. Following the acquisition, eToro will leverage Zengo’s technological expertise to further support decentralized trading use cases—including tokenized assets, prediction markets, and perpetual contracts. The transaction is subject to customary closing conditions.
According to Binance, Binance Wallet has officially launched its prediction market feature. By integrating Predict.fun—the leading on-chain prediction market platform on the BNB Smart Chain (BSC)—users can now directly take positions on future outcomes across sports, economics, world events, culture, and cryptocurrency—all within the Binance App. This feature offers one-click access and supports direct trading using spot and funding account balances. Gas fees are fully covered by Binance Wallet, and both market orders and limit orders are supported. For security, Keyless MPC technology is employed. Upon market settlement, correctly predicted outcome shares are redeemed at $1 per share. Binance Wallet serves only as an access point and does not act as a counterparty to trades; the actual service is provided by Predict.fun. This feature is available only to users in select regions.