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According to crypto journalist Eleanor Terrett, the final text of the compromise on Section 702 of the Foreign Intelligence Surveillance Act (FISA), proposed by Senate Intelligence Committee Chairman Tom Cotton, includes a Federal Reserve CBDC ban that was originally part of the housing bill. This text is expected to ultimately become law. Notably, the termination date of the ban has been moved up from December 31, 2030, to June 12, 2029.

Coinbase announced an investment in ProShares' GENIUS Money Market ETF (ticker IQMM) to advance stablecoin cash management. This product is one of the first money market ETFs designed under the GENIUS Act that can be used for stablecoin reserves. IQMM primarily holds U.S. Treasury securities and cash equivalents with maturities of no more than 93 days, aiming to meet the reserve requirements of Article 4 of the GENIUS Act regarding "high-quality, high-liquidity assets backed 1:1."

According to Marketscreener, Swedish Economic Crime Authority prosecutor Jonas Myrdal stated that the early leak of news on social platform X regarding Sivers Semiconductors (SIVE) considering a dual listing in the U.S., which was officially confirmed by the company about 48 hours later, is not a coincidence and is highly likely to involve information leakage.Jonas Myrdal pointed out that the relevant information was published and continuously promoted on the X platform by an anonymous account with about 200,000 followers before the official disclosure, which subsequently led to a significant increase in the company's stock price within a short period. This pattern of behavior is similar to a previous case involving "pump-and-dump" manipulation, in which three individuals were convicted of serious market manipulation. He further suggested that the Nasdaq exchange should investigate this incident and assess whether there are violations of the EU Market Abuse Regulation (MAR). Currently, the source of the information leak is still under investigation.Previously, the "new stock god" Serenity posted on the X platform, seemingly "calling" Sivers, and expressed an optimistic outlook after further reviewing the latest earnings call content of Sivers Semiconductors. The company's management stated that "viewing ecological partners as competitors is not the correct mindset in a super cycle where demand far exceeds supply," reflecting the current strong demand in the photonics industry. Additionally, the photonics business pipeline has rapidly grown over the past five months, driving an overall revenue pipeline increase of 77%.

The Financial Intelligence Unit (FIU) of South Korea plans to no longer advance the mandatory suspicious transaction reporting (STR) requirements for large cross-border virtual asset transfers and personal wallet transfers, but will continue to expand the regulatory coverage of the Travel Rule and further strengthen the tracking of digital asset transactions.

Jason Smith, the chairman of the U.S. House of Representatives' fundraising committee, stated that digital asset tax legislation must receive bipartisan support; otherwise, the related bill process will not advance. Subsequently, U.S. Representatives Steven Horsford, Max Miller, Suzan DelBene, and Mike Carey jointly proposed the "Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Revenue Act" (PARITY Act). The bill aims to update digital asset tax rules, provide a clearer regulatory framework for the market, while enhancing investor protection and preventing market manipulation.Representative Steven Horsford stated that the bill will help ordinary investors participate more safely in the digital asset market and promote wealth accumulation opportunities. Max Miller believes that the current U.S. tax laws are unable to adapt to the rapid development of digital assets and modern financial technology. Currently, the PARITY Act and the advancing CLARITY Act are seen as important components of establishing a comprehensive regulatory system for crypto assets in the United States.The U.S. Congress released a tax policy discussion draft in March this year and held a bipartisan roundtable in May to discuss the tax framework for crypto assets. The market is closely watching whether the CLARITY Act can be passed by 2026. Analysts believe that if both the CLARITY Act and the PARITY Act are ultimately legislated and combined with the subsequent rule-making of the GENIUS Act, the U.S. crypto industry will welcome a clearer regulatory environment, further promoting Web3 and DeFi into the mainstream financial system.

BIT Official released a chart analysis stating that the crypto market has begun to price in the SpaceX IPO in advance. The chart shows that SpaceX plans to IPO on June 12 with an estimated valuation of about $1.74 trillion, nearly 40% higher than the latest internal valuation of $1.25 trillion. Currently, Hyperliquid and Binance have both launched perpetual contracts related to SpaceX, with the implied valuation corresponding to the market price being approximately $2.41 trillion.Markus Thielen believes this indicates that the market is betting on SpaceX completing its IPO at a higher valuation or performing strongly after going public. At the same time, he pointed out that the launch of such contract products also reflects the deepening integration of the crypto market with traditional finance, as crypto trading platforms gradually expand their trading exposure to popular themes in stocks and the primary market.

According to CoinDesk, Coinbase's Head of European Policy Katie Harries stated that Coinbase is not worried about large Wall Street institutions and traditional financial institutions increasing their participation in the cryptocurrency space, claiming that the crypto industry has a community foundation that traditional financial institutions cannot replicate.She mentioned that the advocacy group Stand With Crypto has over 3.7 million members globally, and members have made over 2.5 million contacts with lawmakers. Katie Harries also stated that cryptocurrency voters have become a long-term force in the global political landscape, and policymakers should expedite the development of a coordinated and reasonable cryptocurrency regulatory framework.

Toncoin announced that its bridge-v3 cross-chain bridge is scheduled to officially and permanently close on September 1, 2026. During the transition period before the closure, all proportionally charged cross-chain fees have been canceled, and users who have used the bridge are reminded to check their wallets as soon as possible and complete the withdrawal of any unprocessed or unrecovered assets before the deadline.If you hold Wrapped TON in Ethereum or BNB Smart Chain, you should rebridge to the TON network before the deadline. If you hold tokens such as jUSDT, jUSDC, jDAI, jWBTC, etc., you need to bridge back to the Ethereum network. Users must complete all asset migrations before the deadline to avoid assets being unable to operate across chains. After September 1, the cross-chain bridge will stop all transfer functions.

According to e Company, Changqiao Securities has further clarified the recent regulatory matters regarding cross-border securities business in China. Changqiao Securities stated that the Hong Kong Securities and Futures Commission and the China Securities Regulatory Commission, along with other mainland regulatory departments, have recently issued the latest regulatory requirements for cross-border securities business, establishing unified industry standards for services aimed at mainland investors.These regulatory rules apply to all foreign financial institutions. Changqiao actively responds to the regulatory guidelines from both regions and will steadily advance compliance work in strict accordance with the relevant requirements. Changqiao Securities indicated that the scope of accounts targeted by this regulatory requirement is limited and clearly defined, mainly focusing on two types of accounts: first, investment accounts opened using suspicious or forged documents; second, investment accounts with zero balances. Customer accounts that are opened in compliance, with real assets and holdings, are not included in this cleanup. Changqiao firmly supports the regulatory attitude of zero tolerance towards fraudulent account opening behaviors and will handle matters strictly according to regulatory requirements.

According to on-chain analyst Ai Yi's monitoring, a certain address placed a limit buy order for ETH on Cowswap on April 20, with a price range of $1840.9 to $2076.38, totaling a value of $20.68 million. From early this morning until now, 3942.3 ETH have been traded from this buy order, with a transaction amount of $8.15 million and an average price of $2067. When the order was placed, the price of ETH was approximately $2276.

On May 18 and 19, Mentis's web3-alpha-scanner Skill scanned for long opportunities on the Hyperliquid token $HYPE for two consecutive days.On May 18, Mentis captured a strong long signal: two top smart money addresses simultaneously held large HYPE long positions, with a total scale of approximately $9.49 million, realizing a profit of over $830,000. On May 19, Mentis again indicated that $HYPE showed smart money accumulation signals in the $42-$45 range and provided a target range of $54-$60, after which the market quickly realized the gains.

U.S. Senator Cynthia Lummis from Wyoming stated, "No rules do not mean no harm, but rather mean no recourse," and reiterated her push for the Clarity Act legislation over the years, emphasizing that the bill aims to provide a clear regulatory framework for the development of digital assets within the United States.

According to CoinDesk, newly unsealed court documents show that Wall Street quantitative trading giant Jane Street is accused of obtaining insider non-public information from Terraform Labs through a private Telegram group called "Bryce's Secret" before the collapse of Terra in 2022, and preemptively selling approximately $192 million UST while establishing short positions, profiting about $134 million during the collapse of the Terra ecosystem, which was around $40 billion.The lawsuit claims that Jane Street sold approximately $85 million UST on Curve just 9 minutes after Terraform withdrew $150 million liquidity from the Curve pool on May 7, 2022, with the related wallet subsequently suspected of being a significant address that contributed to the UST depegging.Jane Street denies the allegations, stating that the lawsuit is "baseless" and that it will actively defend itself. The lawsuit also names co-founder Robert Granieri and trader Michael Huang, accusing them of violating federal securities laws and the Commodity Exchange Act.

According to The Block, FHE privacy technology company Zama has acquired the enterprise-level token lifecycle management platform TokenOps, applying Fully Homomorphic Encryption to scenarios such as token locking, airdrops, and equity table management. TokenOps claims it has processed over $2 billion in token distribution. Through this acquisition, token issuers can encrypt key information such as token allocation, release curves, and receiving addresses on-chain under the ERC-7984 confidential token standard, reducing the risk of signal leakage and front-running caused by on-chain transparency.This technology has been implemented in the institutional cooperative distribution of the RWA protocol KAIO, and Zama's own ZAMA token team and investor distribution also use TokenOps' encrypted locking solution. The TokenOps brand will continue to operate independently and open confidential tools to more issuers.

According to Jinshi Data, informed sources revealed that SpaceX is expected to advance the acquisition of the artificial intelligence coding startup Cursor 30 days after its company begins the IPO.

According to the official announcement, the U.S. Securities and Exchange Commission (SEC) has proposed amendments to the rules and forms related to registered offerings, aiming to enhance the efficiency, flexibility, and reduce costs of public fundraising for listed companies, while simplifying the information disclosure framework for listed companies.According to the proposal, more listed companies will be able to conduct shelf offerings, and more companies will be eligible for registration and communication conveniences that were previously only available to "well-known seasoned issuers." Broker-dealers will be able to provide research coverage for more listed companies, and the state securities law registration and qualification requirements for multi-state registered offerings will be excluded at the federal level.Additionally, the proposal suggests raising the threshold for large accelerated filers from $700 million to $2 billion, with the stipulation that companies will not be included in this category based on market capitalization for at least 60 months post-IPO. The public comment period will last for 60 days after publication in the Federal Register.

Lido stated on social media that Swellchain will cease operations on June 15, 2026, and users need to withdraw their wstETH assets in advance.After June 15, 2026, Swellchain will be permanently closed, and any remaining wstETH may not be recoverable.

According to Onchain Lens monitoring, Echo Protocol was attacked on the Monad chain. The attacker minted 1,000 eBTC ($76.7 million) and withdrew funds from Curvance through a previously tested attack path.Currently, the attacker has deposited 45 eBTC ($34.5 million) into Curvance as collateral, borrowed about 11.29 WBTC ($867,700), and cross-chained to Ethereum, sending 385 ETH (approximately $818,000) to TornadoCash after exchanging for ETH. The attacker still controls a large amount of minted eBTC.

Musk stated that he hopes to advance SpaceX's initial public offering (IPO) "soon." SpaceX may achieve complete rapid reusability of rockets this year, which is crucial for the survival of life beyond Earth.