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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.

According to official news, Tether announced that it has appointed a new independent director to the board of Bitcoin reserve company Twenty One Capital (XXI) to fill the previous vacancy in the audit committee. The company stated that this appointment complies with the independence requirements of the SEC's Securities Exchange Act Rule 10A-3 and the New York Stock Exchange listing rules.This vacancy arose after Tether acquired the shares of XXI held by SoftBank Group on May 20, leading to the termination of the governance agreement between the two parties, and the resignation of the directors appointed by SoftBank, one of whom was a member of the audit committee.It was introduced that Twenty One Capital currently holds over 43,500 bitcoins and is positioned as a vertically integrated Bitcoin company, with business covering Bitcoin mining, asset reserves, capital markets, and financial services.Tether CEO Paolo Ardoino stated that XXI is building one of the most important Bitcoin companies in the world, and therefore the company prioritizes ensuring that the board has an independent oversight mechanism that meets SEC and NYSE requirements to match its strong balance sheet.

Michael Saylor, founder and executive chairman of Bitcoin Strategy, published an article on the X platform, stating that the Bitcoin ecosystem is gradually differentiating into four core ideologies: Bitcoin Maximalists, Bitcoin Capitalists, Bitcoin Technologists, and Bitcoin Fundamentalists.Among them, Maximalists emphasize Bitcoin as the globally dominant digital currency network; Capitalists advocate for Bitcoin's deep integration into banks, enterprises, and capital markets; Technologists support cautiously advancing protocol upgrades to enhance scalability, security, and functionality; and Fundamentalists focus on self-custody, node operation, decentralization, and protocol immutability.Saylor believes that the four ideologies correspond to the four forces of "belief, adoption, innovation, and guardianship." The future of Bitcoin should not choose between purity and adoption rate, or innovation and stability, but should achieve balance through "disciplined expansion": maintaining the stability and decentralization of the underlying protocol while placing most innovations on top of layer two networks, custody, credit, and capital market infrastructure.

According to the official announcement, the Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority have published a joint consultation summary regarding the amendments to the over-the-counter derivatives trading regulations under the Clearing Rules. In light of the broad market support, the Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority will proceed with the legislative process to introduce the proposed amendments to the Clearing Rules, with plans to implement the relevant amendments starting from March 1, 2027 (the proposed start date for the new calculation period).

According to Bloomberg, the U.S. House Ways and Means Committee is preparing legislation to establish a cryptocurrency tax structure, which could be released as early as Friday, followed by a hearing early next week. Committee Chairman Jason Smith will prioritize the development of a digital asset tax framework, with the Treasury Department also involved in the process.The committee is expected to release seven bills addressing when tokens obtained through mining or staking will be taxed, exempting certain stablecoin transactions from capital gains tax, equal tax treatment for digital assets and securities (including charitable donations), allowing foreign investors to trade U.S. securities without being taxed as domestic entities, and expanding wash sale rules to digital assets.

The prediction market platform Polymarket believes that its competitor Kalshi may be engaging in corporate espionage against its New York office and employees. Polymarket's marketing director confirmed that the company is conducting an internal investigation and stated that "there are too many coincidences," suspecting that Kalshi has malicious intentions.Reports indicate that Polymarket has compiled an internal dossier titled "Imitators," documenting about a dozen suspicious incidents. These include Polymarket's original plan to launch a free grocery flash event on February 12, while Kalshi launched a similar event about 9 days earlier; additionally, Polymarket was set to announce its perpetual contract product plan on April 21, but about 1 hour before the announcement, the tech media The Information reported that Kalshi was also preparing to launch a similar product.Polymarket employees are also concerned that the venture capital firm Paradigm, which supports Kalshi, has an office directly across from theirs, posing a risk of employees' computer screens being spied on. It is reported that Polymarket installed privacy film on some office windows this spring.In response, a Kalshi spokesperson denied all allegations, stating that Polymarket's suspicions are "sad and almost delusional."

According to The Block, the UK's House of Lords Financial Services Regulatory Committee pointed out that the UK is lagging behind the US and the EU in stablecoin regulation.The committee urged the Bank of England and the Financial Conduct Authority (FCA) to revise several proposals, including reconsidering the holding limits of £20,000 for individuals and $10 million for businesses, the 40% zero-interest central bank deposit reserve requirement, and restrictions on commercial bank issuance. It also suggested that the FCA review the k-factor capital requirements scaled by issuance rather than risk.

According to the official blog, Paradigm has submitted a comment letter to the U.S. Department of the Treasury regarding the rulemaking for state-level regulatory pathways under the GENIUS Act. Paradigm supports the core framework of the proposal but points out that without addressing four issues, the state-level pathway will not effectively serve issuers.First, the proposal anchors the federal framework to the yet-to-be-finalized OCC regulations, requiring states and issuers to plan based on an undecided benchmark, which directly hinders market access. The Treasury should not finalize this rule before the OCC's implementation rules are finalized.Second, the proposal requires unanimous agreement from the heads of the Treasury, the Federal Reserve, and the FDIC to certify the state-level system, but does not set a decision timeline, veto explanation standards, or mechanisms to prevent a single member from indefinitely blocking certification. Paradigm suggests establishing a 180-day decision deadline, creating a corrective process for supplementary submissions, and requiring specific veto explanations.Third, the proposal mandates that the state-level system maintain a reserve fund for 12 months of operating expenses, which may crowd out early issuers. It is suggested that states be allowed to adjust reserve fund requirements based on the size and risk profile of the issuer. Fourth, the proposal fails to adequately preempt hostile actions from individual states, and this loophole must be addressed.

According to CoinDesk, the UK House of Lords Financial Services Regulatory Committee has called on the Bank of England to reconsider the proposed limits on stablecoin holdings in its latest report. The committee suggested that rather than imposing a holding cap in advance, it would be better to monitor market growth and only implement restrictions when financial stability risks clearly necessitate it. The Bank of England had previously proposed a holding limit of £20,000 for individuals and £10 million for businesses for each stablecoin. The report also questioned the rules on reserve assets, stating that this could have a significant impact on the commercial viability of UK stablecoin issuers. The Deputy Governor of the Bank of England acknowledged last month that the proposed holding limits and reserve requirements were "too conservative" and stated that they are exploring other ways to manage the risks associated with stablecoins.

The mobile communication service provider Helium Mobile, built on the decentralized crypto network Helium, has been acquired by Noble Mobile, which focuses on making communication services more accessible. Noble Mobile was founded by American entrepreneur and former presidential candidate Andrew Yang. Helium Mobile previously launched a free mobile plan service, and the company stated that it shares the same philosophy with Noble Mobile in enhancing the affordability of communication services. After the merger, they plan to continue offering low-cost mobile communication plans, hoping to challenge traditional telecom giants with more competitive services.Frank Mong, Chief Operating Officer of Helium Mobile, stated: "We chose Noble Mobile because our values, development vision, and management teams are highly aligned." The company believes that this acquisition will help further expand the market coverage of decentralized communication networks and promote the development of low-cost mobile communication services.

According to Jinshi reports, Federal Reserve's Harker stated a firm commitment to restoring the inflation rate to 2%.

HSBC released a research report stating that the global commodity market is entering a "super squeeze" situation dominated by supply disruptions. It noted that if the Strait of Hormuz remains substantially closed for an extended period, global commodity inventories will be rapidly depleted, and some varieties may approach critical price turning points.The report pointed out that the Middle East conflict has impacted aluminum smelting capacity, pushing aluminum prices to a four-year high; copper prices are mainly supported by a recovery in end-user demand, nearing $14,000 per ton. HSBC also mentioned that the supply of crude oil, liquefied natural gas, agricultural products, and industrial metals is facing tightening pressures.

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.

According to Gate market data, influenced by reports of Iran halting communication with the United States, the US Dollar Index DXY rose to a daily high of 99.23.

ProCap Financial BRR, owned by Anthony Pompliano, has sold 52 BTC to repurchase 2 million shares of common stock at a 50% discount to net asset value.ProCap currently holds a total of 5,405 BTC, ranking 19th in Bitcoin 100.

The Shanghai Stock Exchange Listing Review Committee held its 31st listing review meeting of 2026. The review results indicate that Yushu Technology Co., Ltd.'s initial public offering meets the issuance conditions, listing conditions, and information disclosure requirements.

The blockchain security agency PeckShield has issued an alert stating that Gnosis Pay is currently undergoing a security attack. Meanwhile, Gnosis co-founder Martin Köppelmann has publicly urged users to immediately withdraw their GNO and EURe assets to mitigate potential risks.Market analysis indicates that Gnosis Pay, as an important infrastructure connecting payment scenarios with on-chain assets, may face short-term selling pressure on Gnosis GNO and the euro stablecoin EURe if it is confirmed that funds have been stolen or protocol vulnerabilities exploited, further affecting market sentiment for Gnosis ecosystem-related projects.Currently, the official has not disclosed the scale of the attack, the amount of losses, or specific technical details, and the situation is still developing. Users holding related assets or using Gnosis Pay services should closely monitor official follow-up announcements and assess their risk exposure in a timely manner.

In a recent speech, the Chairman of the Hong Kong Securities and Futures Commission, Huang Tianyou, revealed that the trading volume of 12 licensed virtual asset trading platforms in Hong Kong has exceeded HKD 640 billion for 2025, with the trading volume in the first quarter of this year increasing nearly threefold year-on-year.In addition, brokers engaged in virtual asset-related businesses saw their commission income related to this sector grow by over 80% year-on-year last year.

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%.

From June 7 to 9, 2026, the Global Digital Finance Ecosystem Forum, co-hosted by XAUT ECO, the Binance community, and ListaDAO, will be held at the Hong Kong Convention and Exhibition Centre.The forum will conduct in-depth discussions on core topics such as decentralized security and stablecoin payment permissions, the global circulation and regulation of gold-backed stablecoins, the on-chain representation of real-world assets (RWA), Web3 payments and on-chain settlement, and the USD1 stablecoin ecosystem and global liquidity.The event aims to bring together global digital finance institutions and ecosystem partners to jointly explore the evolutionary path of digital gold and stablecoins, promoting the co-construction and development of a new global digital finance ecosystem.