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According to Decrypt, although Do Kwon, the founder of Terraform Labs, has been sentenced to 15 years in prison for causing the collapse of Terra, which resulted in approximately $40 billion in losses, the abandoned original chain Terra Luna Classic (LUNC) has not disappeared. A group of community members continues to maintain the network, hoping to achieve one of the greatest revivals in the history of the cryptocurrency industry.The report states that a core community member known by the pseudonym "Vegas" lost about $50,000 during the Terra collapse and has since been involved in operating validation nodes, governance proposals, and developer coordination. He expressed that despite facing long-term internal power struggles and fraud accusations, and even being maliciously reported to the authorities, he still believes LUNC has the potential to return to the top ten in the cryptocurrency industry.After the Terra collapse in 2022, Terraform Labs launched a new chain, Terra, through a hard fork, while the original chain was retained and renamed Terra Luna Classic. Subsequently, the community organization Terra Rebels took over the maintenance work and launched a series of proposals, including a 1.2% burn tax, in hopes of revitalizing the ecosystem. However, due to disputes over fund allocation and governance, Terra Rebels eventually disbanded, and several developers left one after another.Despite this, the community continues to advance the development of projects such as lending protocols, games, and meme coins, and attempts to restore the stablecoin peg mechanism. Data shows that LUNC has risen 17.3% in the past year, but has cumulatively fallen 28.7% since 2022, with a decline of 99.99% from its historical high of $119.Some community members stated that the shared trauma after the collapse has formed a bond similar to "family," and that price is no longer the only goal. "What if we could achieve one of the greatest comebacks in cryptocurrency history? It's like a last-ditch pass." said a community member.

European Central Bank Governing Council member Wunsch stated that a peace agreement between the U.S. and Iran reached before next week's European Central Bank meeting would not weaken the rationale for interest rate hikes. Wunsch said, "If a peace agreement is indeed reached on the eve of the meeting, it will become part of the discussion.But we cannot know if it is lasting or credible." He hinted at supporting a 25 basis point rate hike by the European Central Bank. He believes that if the conflict remains unresolved, discussions among policymakers before setting rates on June 11 "will be quite easy." If a peace agreement is reached between the U.S. and Iran, the discussions "may be slightly less easy. But the rationale for a rate hike may still exist, just not as strong." He stated, "At some point, we cannot let the market bear everything. We need to take a stand."

According to Protos, Bitcoin treasury company Twenty One Capital received formal notification from the New York Stock Exchange (NYSE) that it was deemed non-compliant due to insufficient independent directors on the audit committee and must complete rectification by June 5; otherwise, it will be marked as BC (below compliance standards) starting June 9.Previously, Tether completed the acquisition of approximately 89.1 million Class A shares held by SoftBank and terminated the related governance agreement, resulting in the resignation of two directors appointed by SoftBank, one of whom was a member of the audit committee. This left the company with only one independent director on the audit committee during the transition period, which does not meet NYSE requirements. Twenty One Capital stated that it will appoint new independent audit committee members as soon as possible.

Cryptocurrency journalist Eleanor Terrett posted on the X platform that Hester Peirce (known as "Crypto Mom") will join the Regent University School of Law in Virginia as an associate professor this November, according to the latest press release from the university.Hester Peirce is currently a commissioner at the U.S. Securities and Exchange Commission (SEC) and the head of the cryptocurrency working group. The new teaching position is interpreted by the market as a signal that her term at the regulatory agency may be nearing its end.According to the announcement, she will teach courses on securities regulation, financial markets, digital assets, and public policy in her new role. Industry insiders believe this move could further impact the personnel structure and future direction of the U.S. cryptocurrency regulatory policy team.

According to CoinDesk, the Ethereum Foundation is facing scrutiny over a new wave of departures. On Monday, prominent contributors Carl Beek and Julian Ma announced their departure from the foundation, further intensifying community concerns about staff turnover.In recent months, several core researchers and protocol coordinators, including Barnabé Monnot, Tim Beiko, Trent Van Epps, and Alex Stokes, have left or stepped back. Additionally, co-executive director Tomasz Stańczak, who joined in 2025, also left earlier this year.Reports indicate that this wave of departures occurred after the Ethereum Foundation released a new mission statement earlier this year. The statement attempts to redefine the foundation's role in the ecosystem, emphasizing that it is not the "owner" or central authority of Ethereum, but rather one of many supporters.

According to Jinshi reports, ECB board member Nagel stated that the possibility of the European Central Bank raising interest rates is continuously increasing.

According to Jinshi reports, the U.S. Senate has confirmed the nomination of Waller as the Federal Reserve Board Governor.

According to the official announcement from OneBullEx, the platform's May Member Day event has officially started. This time, it continues to offer a 1:1 exchange of OBE points for USDT, with a prize pool reaching 300,000 USDT. The event will take place on May 11 from 11:00 to 20:00 (GMT+4), divided into 10 exchange sessions, with approximately 1,500 exchange slots available for each session, on a first-come, first-served basis, until all slots are filled.It is introduced that users need to consume 20 points for each exchange participation. After completing the exchange, the corresponding USDT rewards will be directly credited to their accounts. Users participating in this event must have at least 500 points in their accounts, and the specific amount credited and participation rules are subject to what is displayed on the event page.It is reported that OneBullEx has designated the 11th of each month as a fixed Member Day, continuously strengthening user participation and platform activity through mechanisms such as point exchanges, task incentives, and community interactions. As the May Member Day continues, the 1:1 exchange of OBE points for USDT is further entering a periodic operation, and Member Day is gradually becoming an important benefit scenario within the OneBullEx points system.

The decentralized stablecoin USDD has announced the launch of a VIP program aimed at providing exclusive value-added services for high-net-worth users and deeply engaged participants in the ecosystem. Members who join this program will periodically receive ecosystem benefits, including merchandise, gift packs, whitelist privileges, and will have access to in-depth strategic content, ecosystem and market analysis reports, as well as the opportunity to communicate directly with the official team.It is reported that this program is primarily targeted at users with a single account holding of 1 million or more USDD (or equivalent sUSDD). Eligible users can apply by sending a private message to the official X account @usddio, and after asset verification, they can join. Successfully inviting users to join will also yield corresponding rewards.

According to Jinshi reports, ECB Governing Council member Nagel stated on Friday that due to the Iran war, the European Central Bank is "highly vigilant" about rising inflation risks and will take action as needed to prevent rising energy costs from spreading more broadly to prices. Nagel emphasized that although the medium-term impact of the conflict on inflation is "still difficult to assess," policymakers are prepared to respond to ensure that energy-driven price increases do not spread and become entrenched.

According to Jinshi reports, Federal Reserve's Daly stated that the main conclusion of the Federal Open Market Committee (FOMC) meeting is that all members unanimously agreed to keep interest rates unchanged. Daly pointed out that the wording of the statement is not as important as the actual actions of the FOMC.

Polymarket official team member Mustafa (@mustafap0ly) hinted during community interactions that progress related to the POLY token may be coming soon. A user asked when they could stake POLY tokens to reduce taker fees or potential future maker fees. In response, Mustafa replied "soon."

According to Jinshi reports, analyst Audrey stated that given the recent strong economic performance and the ongoing inflationary trend caused by rising energy prices, the "clearly hawkish" shift made by some FOMC members is reasonable. She pointed out that from the perspective of the dollar, this indicates that the bearish expectations driven by factors such as Federal Reserve policy and yields are incorrect, while also confirming that the bullish price trend so far is justified.

According to China News Weekly, a 19-year-old female college student from Guangdong was recently invited to Thailand to participate in the Water Splashing Festival. After landing, she was controlled and is suspected to have been sold to a Myanmar telecom fraud park near the Three Pagodas area on the Thailand-Myanmar border.Her family stated that the other party claimed to have purchased her for 29,000 U and then demanded a ransom of 30,000 U, equivalent

According to BeInCrypto, Mastercard has joined the Blockchain Security Standards Committee (BSSC) as a charter-level member, collaborating with members such as Coinbase, Fireblocks, Anchorage Digital, and BitGo to develop a security framework for blockchain networks and tokenized assets.Mastercard will also join a working group focused on security and privacy guidelines, with Claire Le Gal from the security solutions department, responsible for fraud prevention, cyber resilience, disputes, and threat intelligence, representing Mastercard on the BSSC board. The executive director of BSSC stated that Mastercard's payment experience is of significant value in establishing robust blockchain security rules. Mastercard has launched multi-token networks and crypto credential products aimed at embedding trust in blockchain and tokenized infrastructure.

ChainCatcher reported live that Hong Kong Legislative Council member (Technology and Innovation sector) Kenneth K.Y. Lau shared a keynote speech titled "Steady and Progressive Development Keeps Hong Kong at Forefront of Web3 Expansion" at the 2026 Hong Kong Web3 Carnival.He reviewed the development of Web3 in Hong Kong since 2022, from the licensing system for virtual asset service providers, the pilot of tokenized products, to last year's Policy Declaration 2.0 and the SFC ASPIRe roadmap, believing that regulatory clarity is the primary condition for the industry's development.He specifically compared the regulatory paths of the United States and Hong Kong, pointing out that although the U.S. has introduced important documents such as the Clarity Act, Genius Act, and the joint statement from the SEC and CFTC, the political situation may lead to legislative delays or even reversals; in contrast, Hong Kong provides a stable, transparent, and continuous development environment in terms of product classification, legislation, and infrastructure.He also mentioned the potential threat of quantum computing to the cryptocurrency industry, believing that at least five more years are needed, but the industry should prepare in advance at the cryptographic level. Finally, he emphasized that Hong Kong needs more technology developers and should promote cross-jurisdictional connectivity to form a positive flywheel for product issuance, investor participation, and innovator entry.

Aave core member Marc Zeller announced on the X platform that he has initiated a proposal to end the Aave-Chan Initiative {ACI} Frontier project. He stated that he has been operating the Ethereum staking node on behalf of the Aave DAO for many years, but given the current situation, he has chosen to withdraw all validators and provide all ETH to the Aave DAO, potentially protecting wETH depositors, while also giving up all potential income related to this service to reduce the potential impact on users.It is reported that Marc Zeller has been one of the most active figures in the Aave ecosystem, participating in the formulation of incentive mechanisms through the Aave Chan Initiative, and he previously announced that he would withdraw from Aave in July.

According to The Block, Josh Stark, a key figure at the Ethereum Foundation (EF), announced his resignation after five years and will officially step down at the end of the month. Stark joined the Ethereum Foundation in 2019, initially working in the special projects team, and later rose to leadership, collaborating with EF Chair Aya Miyaguchi, Ethereum founder Vitalik Buterin, and co-executive directors Hsiao-Wei Wang and Bastian Aue.He is one of the most prominent members of the foundation's external image and has led several significant advancements in Ethereum, including the "The Merge" upgrade that transitioned from proof of work to proof of stake, as well as subsequent upgrades like Dencun, Fusaka, and Pectra. During last year's leadership adjustments at the foundation, he was appointed as the "co-manager" of the EF board and recently took on the role of co-chair of the "trillion-dollar security" initiative.Last month, Stark co-authored a strategic blog post on Ethereum with Josh Rudolf and Julian Ma, outlining Ethereum's latest scaling direction and its relationship with the Layer 2 ecosystem. Stark stated, "I haven't planned for the future yet; I just want to take a good rest and spend time with family and friends." This resignation occurs against the backdrop of ongoing changes at the Ethereum Foundation.Last year, the foundation underwent significant leadership adjustments, refocusing its strategic priorities on scaling the Ethereum mainnet and core cypherpunk values; Tomasz K. Stańczak also resigned from his co-executive director position at the end of February this year, having served for less than a year. On the same day, Trent Van Epps also announced his departure from EF to fully dedicate himself to Protocol Guild, the independent funding organization for Ethereum core developers that he founded.

Trent.eth, a member of the Ethereum Foundation, posted on the X platform stating that he is no longer serving at EF as of last Friday. He expressed respect for the partnership with the team over the past five years in network upgrades and funding support work.Trent Van Epps also stated that he will continue to participate in the Protocol Guild and work related to the political economy of Ethereum as long as funding allows.