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According to the "News" report, the Federal Security Service of the Russian Federation (FSB) recently arrested three Telegram investment channel owners, accusing them of manipulating stock prices through a "Pump&Dump" strategy, involving over 55,000 illegal transactions related to 19 large companies on the Moscow Exchange.Research from Moscow State University shows that 11% of Telegram investment signals can have a substantial impact on stock returns, with over 60% of private investors relying on such signals to make decisions. The Central Bank of Russia stated that it will continue to monitor abnormal trading and warned that "punishment is inevitable" for illegal bloggers. Experts remind that manipulative signals are often presented in emotional language, promise quick profits, and do not disclose risks; investors should prioritize consulting licensed advisors.

The American Federation of Teachers (AFT) submitted a petition to the U.S. Senate on Monday, calling for the withdrawal of the cryptocurrency market structure bill, warning that the proposal poses "grave risks" to pensions and the broader U.S. economy.In a letter obtained first by CNBC, the union organization pointed out that the Responsible Financial Innovation Act fails to establish adequate regulatory protections against the inherent risks of cryptocurrency assets and stablecoins.AFT President Randi Weingarten wrote in the letter, "This bill not only fails to provide the urgently needed regulatory measures and common-sense safeguards but also exposes working families—those currently with no ties to cryptocurrency—to economic risks and threatens the stability of their retirement security."Representing 1.8 million members, the union stated in the letter that its "fundamental purpose" is to maintain a robust and reliable pension system for retired workers. The main reason for opposing the bill is the concern that it could pave the way for digital assets to enter retirement portfolios (including AFT pensions).Weingarten emphasized that a key concern is that the bill may allow non-crypto companies to tokenize equity through blockchain, thereby circumventing existing securities law regulations. She noted that this could bypass requirements for registration, disclosure of information, and oversight of intermediaries, undermining investor protection channels and regulatory accountability mechanisms.Weingarten stated, "This loophole and the erosion of traditional securities laws will have catastrophic consequences: even if pensions and 401(k) plans invest in traditional securities, they may ultimately hold unsafe assets."In addition to retirement pensions, the letter also pointed out that the bill lacks sufficient regulatory measures against illegal activities in the crypto market, warning that its loopholes could lay the groundwork for "the next financial crisis."

According to The Block, the American Federation of Teachers (AFT) submitted a petition to the U.S. Senate on Monday, calling for the withdrawal of the cryptocurrency market structure bill, warning that the proposal poses "serious risks" to pensions and the broader U.S. economy. In a letter first obtained by CNBC, the union organization pointed out that the Responsible Financial Innovation Act fails to establish adequate regulatory protections against the inherent risks of cryptocurrency assets and stablecoins.AFT President Randi Weingarten wrote in the letter, "This bill not only fails to provide the necessary regulatory measures and common-sense safeguards but also exposes working families—those currently with no connection to cryptocurrency—to economic risks and threatens the stability of their retirement security." The union, representing 1.8 million members, stated that its "fundamental purpose" is to maintain a robust and reliable pension system for retired workers.The main reason for opposing the bill is the concern that it may pave the way for digital assets to enter retirement portfolios, including AFT pensions. Weingarten emphasized that a key concern is that the bill could allow non-crypto companies to tokenize equity through blockchain, thereby circumventing existing securities law regulations. She noted that this could bypass requirements for registration, disclosure, and intermediary oversight, undermining investor protection channels and regulatory accountability mechanisms.Weingarten stated, "This loophole and the erosion of traditional securities law will have catastrophic consequences: even if pensions and 401(k) plans invest in traditional securities, they may ultimately hold unsafe assets." In addition to retirement pensions, the letter also pointed out that the bill lacks sufficient regulatory measures against illegal activities in the crypto market, warning that its loopholes could lay the groundwork for "the next financial crisis."

According to a Reuters report, the World Federation of Exchanges (WFE) is an international non-profit organization representing major securities exchanges globally. In a letter to the U.S. Securities and Exchange Commission (SEC) this week, it stated that the regulator's plan to allow crypto companies to sell "tokenized" stocks without regulation could harm investor interests.Several crypto companies plan to sell crypto tokens linked to listed stocks; however, to sell such products in the U.S., crypto companies that are not registered as broker-dealers need to obtain a no-action letter or exemption from the SEC. SEC Chairman Paul Atkins stated that the agency is working on a securities law "innovation exemption" clause to allow crypto firms to experiment with new business models.The WFE pointed out in its letter that the exemption could pose risks to market integrity and weaken investor protection. WFE CEO Nandini Sukumar stated, "The SEC should avoid granting exemptions to companies attempting to circumvent regulatory principles that have protected the markets for decades." The SEC published the WFE's letter on its website but declined to comment.James Auliffe, head of the WFE's technical working group, stated, "We and cryptocurrency platforms should compete in a fair competitive environment, and we should be subject to the same rules."

ChainCatcher news, the Hong Kong Virtual Assets Listing Association (HKVALA) held its founding conference today in West Kowloon, attended by Hong Kong government officials and Legislative Council members who delivered speeches. Kong Jianping, founder of Nano Labs, was appointed as the honorary president of the association.The establishment of the association aims to respond to the recent release of the "Hong Kong Digital Asset Development Policy Declaration 2.0" and the effective "Stablecoin Ordinance," committed to establishing Hong Kong as a strategic hub for global real-world asset tokenization (RWA). The association brings together representative listed companies in the digital asset field, licensed financial institutions, blockchain technology solution providers, and RWA project parties, aiming to create a hub for stablecoin regulatory innovation practices and a strategic platform for institutional-level digital financial infrastructure.It is reported that the founding members of the association include 49 institutional units such as China New Economy Investment, United Development Holdings, Guofu Quantum, Yunfeng Financial, OK Blockchain, and Huaxing Capital Holdings.

ChainCatcher news, according to The Block, NH Bank of Korea has partnered with Ethereum infrastructure provider Fireblocks to support the crypto prototype the bank is building. The two companies have signed a memorandum of understanding, which is a non-binding agreement outlining the intent of both parties to collaborate.Specifically, NHBank will use the Fireblocks Tokenization Engine to explore the integration of digital assets into its VAT and other refund processes.This also includes its inheritance tax process, which targets the taxation of capital transferred to future generations. In addition to the refund pilot, NHBank is also seeking to identify other "blockchain-driven projects within the NHBank ecosystem and create pathways for collaboration with global financial institutions."

ChainCatcher news, Hong Kong's DAB Legislative Council member Chan Chung-nee stated that he suggests the government improve the compliance and regulatory framework in the Web3 cryptocurrency sector to protect investors' rights and promote market fairness and transparency. By utilizing technologies such as big data and artificial intelligence for risk monitoring and early warning in the Web3 market, and establishing a Web3 industry committee to formulate industry norms and standards, as well as enhancing training for practitioners. "Regulation must be done well to prevent fraud, but we do not want the industry to be overly regulated; a balance must be achieved."

ChainCatcher news, the International Table Tennis Federation (ITTF) announced a partnership with the cryptocurrency Floki (FLOKI) for the ITTF World Table Tennis Championships finals to be held in Durban, South Africa from May 20 to 28. The ITTF agreement stipulates that Floki will receive an advertising space at all competition venues, and its brand will also appear on all WTT digital platforms. This marks the first collaboration between table tennis and cryptocurrency. (source link)

ChainCatcher news, according to The Block, Binance and the Brazilian Football Confederation have launched a free NFT. Existing customers can "earn the NFT by referring friends to open an account on Binance." Fans who obtain the NFT will be able to participate in a "gamified" experience, winning prizes and tickets, while also enjoying lower trading fees when using Binance. Last year, the Brazilian president signed legislation to establish a regulatory framework for the trading and use of Bitcoin. (source link)