News linked to both this project and an event.
According to the South China Morning Post, Hong Kong’s Financial Secretary and Secretary for Financial Services and the Treasury, Christopher Hui, stated that gold can serve as a potential bridge between traditional finance and new finance. He emphasized that Hong Kong needs to provide more development opportunities for the digital asset market to support its sustainable growth. He also noted that, given the “convergence” trend between traditional and innovative finance, Hong Kong has opted not to establish a separate digital asset regulatory authority. Hui pointed out that both gold ETFs and blockchain-based tokenized gold products are already available in the market. Earlier, HSBC and Hang Seng Investment launched Hong Kong’s first tokenized, non-listed Hang Seng Gold ETF product on HashKey Exchange in April.
Bybit has officially launched its new “Hold USD1 to Earn Tokens” campaign. Users only need to complete Level 1 KYC verification and hold at least 1 USD1 in their Bybit account to share daily WLFI rewards—no subscription or lock-up required; rewards are earned simply by holding. The campaign begins on May 19, 2026, at 10:00 UTC. During the campaign period, users can earn up to a 20% annualized return and compete for a total reward pool of up to 45,000,000 WLFI—climbing the USD1 Holding Leaderboard. USD1 is a regulated stablecoin issued by World Liberty Financial, fully backed 1:1 by short-term U.S. Treasury securities and cash equivalents, and strictly pegged to the U.S. dollar. WLFI is the governance token of the World Liberty Financial ecosystem, enabling holders to participate in protocol governance and influence the ecosystem’s strategic direction. In this campaign, WLFI rewards will be distributed daily to USD1 holders on the Bybit platform. During the campaign, the system will take a snapshot of each user’s eligible USD1 balance once every hour—24 snapshots per day. WLFI rewards are expected to be credited to users’ main account funding wallets by approximately 06:00 UTC the following day.
According to The Block, WLFI treasury company AI Financial released its financial results for the quarter ended March 28, 2026, reporting a net loss of $271.5 million, compared to a net loss of $2.4 million in the same period last year; the company stated that its financial condition raises substantial doubt about its ability to continue as a going concern over the next year. Revenue for the same period totaled $4.7 million, entirely derived from its crypto payment fintech business. AI Financial holds 7.28 billion WLFI tokens, with a fair value of approximately $706 million—markedly down from over $1 billion at the end of December 2025—and recognized an unrealized loss of $348.3 million. The company also noted that certain WLFI tokens are subject to lock-up restrictions, and its liquidity improvement, revenue growth, and ability to secure future financing will impact its continued operations.
According to chart analysis released by independent analyst Markus Thielen on May 19, the current market capitalization of USDT has reached $189.8 billion, while that of USDC stands at $76.9 billion—both exhibiting long-term upward trends. However, since Bitcoin entered a correction phase in October last year, the total market capitalization of stablecoins has remained largely flat, indicating relatively limited inflows of new capital into the crypto market. Thielen noted that although there is a widespread belief that stablecoins will fully replace traditional payment networks, their primary use cases remain concentrated on crypto trading and portfolio management—still far from achieving mainstream payment adoption. While U.S. policy broadly supports stablecoin development—partly because their reserve assets are often reallocated into U.S. Treasury securities—the gap between current usage and true mainstream payment application remains substantial.
法国上市比特币财库公司 Capital B 宣布增持 192 枚 BTC，价值约 1300 万欧元（约 1520 万美元），买入均价约为 78948 美元。此次增持后，Capital B 的比特币总持仓量升至 3135 枚 BTC。此前，该公司曾宣布完成 1780 万美元融资，投资方包括 Blockstream CEO Adam Back 及巴黎资产管理公司 TOBAM。数据显示，Capital B 目前为欧洲第二大比特币财库公司，仅次于持有 3605 枚 BTC 的德国 Bitcoin Group SE。尽管公司持续推进比特币财库策略，其股价在公告发布后仍下跌约 2.4%。（Cointelegraph）
Odaily released the latest analysis chart indicating that Ethereum's recent price movements are increasingly dominated by ETF fund flows. Over the past year, the 30-day moving average of daily net inflows for ETH ETFs has been highly synchronized with ETH's price performance, showing a marked increase in Ethereum's sensitivity to institutional fund flows.BIT points out that one of Ethereum's current core narratives is its net staking yield of approximately 2.5%. However, against the backdrop of accelerating inflation again and the U.S. 10-year Treasury yield rising above 4.6%, Ethereum's staking yield advantage is weakening compared to risk-free assets like U.S. Treasuries.Furthermore, ETF outflows from Ethereum have resumed since May. BIT believes that if this trend continues, Ethereum is likely to maintain a consolidation and range-bound trajectory.
According to chart analysis released by independent analyst Markus Thielen on May 18, the 30-day moving average of daily net inflows into ETH ETFs over the past year has been highly synchronized with Ethereum’s price movement, making institutional fund flows a core driver of ETH’s price. However, as U.S. 10-year Treasury yields rise above 4.6% and inflation accelerates again, Ethereum’s ~2.5% net staking yield is losing appeal relative to risk-free assets. Since May, ETH ETFs have seen renewed net outflows; if this trend persists, Ethereum’s price is highly likely to remain in a range-bound consolidation pattern.
Bitcoin has fallen below the $77,000 mark, hitting a low of approximately $76,720. Analysts attribute the market decline primarily to multiple macroeconomic pressures, including the renewed escalation of tensions between the US and Iran, rising inflation concerns, and increased risk aversion across risk assets. Former US President Donald Trump issued a strong warning to Iran on social media, intensifying geopolitical uncertainty.Meanwhile, rising oil prices have further elevated inflation expectations, with Brent crude climbing to around $111 and WTI rising above $107. This has sparked concerns that the Federal Reserve may maintain higher interest rates for a longer period.The current selling pressure is also compounded by factors such as rising US Treasury yields, a strengthening US dollar, and ETF outflows. Data shows that Bitcoin ETFs saw net outflows of approximately $1 billion in the week ending May 17, ending six consecutive weeks of net inflows.In terms of market sentiment, the Bitcoin Fear and Greed Index has fallen back to 27, re-entering the "fear zone." Analysts believe that short-term trends will remain highly dependent on macroeconomic data and policy expectations. However, some institutions view the current correction as a "healthy digestion" period, suggesting the long-term structure remains unchanged. (The Block)
According to CryptoQuant analyst Axel Adler, Bitcoin has recently attempted to break above the $82,000 level three times—but each time failed and retreated. Data shows that during each rally, the STH-SOPR indicator rose to around 1.0 before weakening again, indicating that short-term holders are consistently taking profits amid upward price movements rather than holding onto their positions. Axel Adler notes that $82,000 is not only a key technical resistance level but also a significant zone of selling pressure from a market-behavior perspective. Currently, this level coincides with Bitcoin’s 200-day simple moving average (200D SMA). Until the 7-day SMA of STH-SOPR sustains above 1.0 for several consecutive days—and until Bitcoin’s daily closing price decisively breaks above its 200-day SMA—the ongoing rally may still be viewed as a selling opportunity. On the macro front, escalating tensions in the Middle East continue to dampen market risk appetite. Fueled by the Iran conflict, rising oil prices, and expectations of “higher-for-longer” interest rates, U.S. equities closed lower across the board on Friday. WTI crude oil futures surged over 4%, while the yield on the 10-year U.S. Treasury note climbed to approximately 4.6%, hitting a year-to-date high.
Odaily Odaily, THORChain posted on platform X that its developers have released an incident update on Discord. Current evidence points to a node thor16uc...cn84q, which recently joined the network, as being associated with the attack. This node is operated by a single malicious actor. The primary hypothesis is that the attacker exploited a vulnerability in the GG20 TSS implementation, causing sensitive key material of vault participants to leak over time. This ultimately enabled the reconstruction of the vault's private key and the execution of unauthorized outgoing transactions.Regarding network status, the network has been paused after multiple node operators executed `make pause`. RUNE transfers and on-chain observation may resume within approximately 12 hours, but transactions, LP operations, signing, and other sensitive operations remain paused.Discussed recovery plans include slashing the affected node's bond, covering losses with protocol-owned liquidity (POL), or other community-driven solutions. THORSec and Outrider Analytics are continuing their investigation. The Treasury is gathering forensic data and coordinating with relevant law enforcement agencies. Full functional recovery is expected to take several days or longer.
According to The Block, Myanmar’s military government has released a draft of the “Anti-Online Fraud Act,” which proposes imposing the death penalty on individuals who force others to engage in online fraud and life imprisonment for those operating fraud centers or committing cryptocurrency-related fraud. The draft also proposes establishing a dedicated committee to coordinate international efforts against fraud. Myanmar’s parliament is expected to review the bill in early June. Earlier, in September 2025, the U.S. Department of the Treasury imposed sanctions on multiple entities in Myanmar and Cambodia suspected of involvement in cryptocurrency investment fraud. FBI data shows that cryptocurrency-related fraud losses in 2025 reached $11.4 billion—more than half of all internet crime losses.
the deliberation of the "Cryptocurrency Market Structure Act" (i.e., the CLARITY Act) has commenced in the U.S. Senate Banking Committee. As of now:1. An amendment proposed by Senator Mike Rounds to create an AI regulatory sandbox was passed with 15 votes in favor and 9 against, indicating some bipartisan support, despite Senator Elizabeth Warren urging Democratic members to vote against it.2. An amendment proposed by Elizabeth Warren, aimed at "preventing high-risk assets from entering retirement accounts," was rejected with 11 votes in favor and 13 against.3. An amendment previously proposed by Senator Katie Britt of Alabama, which would have allowed certain retirement accounts to invest in pooled investment vehicles, was withdrawn before the vote.It is reported that one of the most contentious amendments comes from Elizabeth Warren, concerning the strengthening of sanctions authority over cryptocurrency mixers. In her remarks, she referenced the U.S.-sanctioned mixing protocol Tornado Cash, stating it has been used to launder over $7 billion for criminal organizations and North Korean hacker groups, including over $450 million in related funds. Warren argued that the current bill does not grant the U.S. Treasury Department sufficient legal authority to isolate or restrict mixer services, potentially creating loopholes in anti-money laundering oversight. In response, Cynthia Lummis countered that the illegal financial activities are already covered in Parts Two and Three of the bill.
According to Coinbase’s official blog, Coinbase has announced its appointment as the official Treasury Deployer (AQA) for USDC on Hyperliquid, further solidifying USDC’s position as the preferred stablecoin for on-chain capital markets. The total amount of USDC on Hyperliquid has now reached approximately $5 billion, representing a 200% year-on-year increase. Meanwhile, Native Markets has agreed to sell the USDH brand assets to Coinbase, and the USDH market will be gradually phased out. During the transition period, users can freely exchange USDH for USDC or fiat currency via the USDH Dashboard, with ongoing support provided by Native Markets.
Coinbase has become the official Treasury deployer of USDC on Hyperliquid, positioning it as a quote asset for alignment. As part of the transition, Native Markets has reached an agreement granting Coinbase the right to purchase USDH brand assets. The USDH market will be gradually phased out, during which users can still exchange USDH for USDC or fiat currency without fees.Currently, the scale of USDC on Hyperliquid is approximately $5 billion, a 2x increase year-over-year. This integration aims to strengthen USDC's position as the preferred stablecoin for on-chain capital markets, further unifying global markets and enhancing capital efficiency.
According to CoinDesk, Moody’s has awarded the highest rating of AAA-mf to Fidelity’s and BlackRock’s tokenized money market funds, signifying that both institutions’ products meet the highest standards in credit quality, liquidity, and capital preservation. Fidelity’s FILQ fund launched on May 6, built on Sygnum’s Desygnate tokenization platform, enabling real-time on-chain cash settlement and supported by infrastructure from J.P. Morgan, Apex Group, and Chainlink; BlackRock’s BUIDL fund launched in March 2024 and currently accounts for approximately 15% of the tokenized Treasury market.
According to Movement’s official blog, Movement has announced the acquisition of Canopy, a treasury infrastructure project, bringing it under internal operations. Canopy is a treasury-layer protocol deployed on the Movement Network; its smart contracts enable users and independent curators to allocate assets and compose strategies on-chain.
Polish Sejm Speaker Włodzimierz Czarzasty announced the parliament has officially begun deliberations on four competing bills for crypto asset regulation, following President Karol Nawrocki's two vetoes of related legislation. The review involves legislative proposals from the government, the Presidential Office, the Poland 2050 party, and the Confederation party, with the second reading vote expected on Thursday. Key disagreements center on the scope of the Polish Financial Supervision Authority's (KNF) power to freeze accounts and the maximum penalties for violations. The president's draft sets a maximum fine of approximately 20 million zloty (about $5.5 million), while the Treasury's version raises it to 25 million zloty (about $6.9 million).Meanwhile, the opposition Law and Justice party (PiS), after withdrawing support for an earlier regulatory proposal, submitted a separate bill on Monday advocating for a complete ban on crypto asset-related activities in Poland, further complicating the regulatory debate. Speaker Czarzasty stated that the PiS ban draft will enter the deliberation process only after the four main regulatory bills are completed, and questioned the links between crypto industry funds and political activities, specifically naming potential political funders including zondacrypto. (The Block)
Genius Group, a Nasdaq-listed bitcoin treasury company, has disclosed a strategic investment of $5 million in digital bank Jewel Bank, acquiring a 9.9% equity stake in the company. It is reported that Jewel Bank is developing a U.S. dollar stablecoin, JUSD, planned to be backed by a 1:1 reserve of cash and U.S. Treasury bonds, with a target launch in the second half of 2026. The bank will also launch a real-time settlement system and offer white-label banking and stablecoin infrastructure services for enterprises. Following this investment, Genius Group will enter the regulated digital banking and stablecoin issuance sector. (Globenewswire)
Lorenzo Protocol has officially launched its on-chain governance system, Lorenzo Governance, with the first governance proposal now open for voting. This proposal aims to shorten the vesting periods for six categories of tokens—Rewards, Investors, Ecosystem & Development, Team, Treasury, and Advisors—based on community demand, in order to accelerate the token release schedule. If the proposal is approved, the Lorenzo tokenomics will be upgraded from V2 to V3. Upon implementation, the total and circulating supply will immediately increase by 454.8 million tokens, representing an increase of approximately 21.66%. veBANK holders can directly participate in protocol decision-making through on-chain governance voting. The voting period for this round runs from May 12 to May 17.
According to a CoinGecko report, as of March 31, 2026, the market capitalization of tokenized real-world assets (RWAs) reached $19.32 billion, representing a 256.7% increase from $5.42 billion at the beginning of 2025. Tokenized U.S. Treasury securities remain the largest category, with a market size exceeding $10 billion; tokenized commodities grew to $5.55 billion, primarily driven by gold-backed tokens XAUT and PAXG. The report also states that in Q1 2026, spot trading volume for tokenized gold reached $90.7 billion, while spot trading volume for tokenized equities reached $15.1 billion—both surpassing their respective levels in 2025. During the same period, total trading volume for RWA perpetual contracts rose to $524.8 billion.