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Circle, the issuer of USDC, submitted a proposal to the European Commission advocating for the revision of the rules regarding overseas stablecoins in the Markets in Crypto-Assets Regulation (MiCA) and the establishment of a recognition mechanism for overseas issuers. Circle suggested that overseas stablecoin issuers should primarily be regulated by their home jurisdiction's regulatory authorities, and after obtaining equivalence recognition from relevant parties and the European Banking Authority (EBA), local licensed entities in the EU would be responsible for distribution.This mechanism also allows euro stablecoins to circulate in overseas jurisdictions. Circle also requested the removal of the requirement for electronic money token issuers to hold 30% of reserve assets in commercial banks; the proportion for "significant" electronic money tokens is 60%. The company believes that this requirement increases exposure to credit risk and counterparty risk in the banking sector.

Illia Polosukhin, co-founder of NEAR, stated that recently the activity of developers within the ecosystem has increased and the development threshold has further lowered, focusing on what kind of applications to build and how to establish distribution channels.In this regard, he proposed a series of potential construction directions, covering AI electronic pets that combine NEAR AI on-chain verifiable reasoning with non-fungible tokens (NFTs), a universal checkout component that supports full-chain intent payments, a decentralized encyclopedia that combines prediction markets with AI-generated content, a privacy off-chain trading (OTC) market based on NEAR Intents and management of anti-liquidation lending and perpetual contracts, a cross-chain activity registration custody tool in the form of a staking deposit, privacy code review agents, enterprise equity structure management tools, Delta neutral strategy management, privacy tracking single transactions based on view keys, end-to-end encrypted medical auxiliary diagnostic systems, privacy voice transcription desktop applications, and AI benchmarking based on private test sets.Regarding product distribution, he suggested combining NEARLegion with community channels like X, achieving multi-chain wallet compatibility through Aurora Intent Connect to lower cross-chain thresholds, and actively expanding across communities and platforms like Product Hunt.

Circle disclosed that it has responded to the European Commission's targeted consultation on MiCA. Circle stated that MiCA has provided a first-mover advantage for Europe, with approximately 30 types of electronic currency tokens authorized. However, among the top 25 stablecoins by global market capitalization, only 3 are regulated by MiCA, namely USDC, USDG, and EURC, indicating a gap in the regulatory scope of MiCA that fails to cover the largest global tokens.Circle suggests maintaining a multiple issuance structure, where globally circulating stablecoins are jointly issued by EU entities authorized under MiCA and foreign regulatory entities. It also recommends establishing an equivalence and recognition system for foreign regulatory stablecoins similar to EMIR, CSDR, and MiFIR, with the regulatory authority of the issuer's jurisdiction primarily responsible for supervision, while the EU level conducts equivalence recognition and EBA entity approval. Regarding reserve requirements, Circle believes that MiCA's requirement for issuers to deposit at least 30% of reserve assets in commercial bank deposits will increase bank credit and counterparty risk, supporting the European Central Bank to reconsider this requirement, and suggests removing two concentration rules from the EBA technical standards.

According to a report by Sina Finance, Bank of England Governor Bailey warned that artificial intelligence could trigger shocks in financial markets, and the UK needs to be prepared for this. The Bank of England is "watching very closely" the massive investments being made in the AI sector.When asked if he thinks an AI bubble might burst, Bailey stated, "At some point in the future, asset prices may experience a certain degree of correction." He believes this technology "has enormous potential to enhance our economic growth, but it also comes with significant risks, so we must fully understand both aspects at the same time." Bailey remarked, "Currently, every company is seen as a winner in pricing, but not everyone is a winner." However, Bailey noted that a significant potential benefit of AI is its ability to "accelerate the work that supports the Monetary Policy Committee," adding, "It won't make decisions for us, but it is a tool in the hands of policymakers, which is a good thing."

The Rollup founder Andy commented on the MetaMask infrastructure security incident, stating that, according to sources, unless significant negative news arises, there will be a small-scale withdrawal of staked ETH. It is recommended to take proactive measures for all re-staked ETH positions that have exposure to Lido.Andy expressed hope for a positive outcome, but he believes it may be wiser for the protocol and investors to actively respond. He mentioned that the current situation seems to be under control, but based on his recent communications with multiple parties, no one is clear about what exactly has happened.

Emilie Choi, President and Chief Operating Officer of Coinbase, stated that Coinbase is one of the first supporters of the "Trump Account" plan. Faryar Shirzad, Chief Policy Officer of Coinbase, mentioned that the company has submitted opinions to the Internal Revenue Service regarding the implementation and expansion of the account, suggesting that beneficiaries be allowed to invest in a wide range of traded digital assets or gain exposure to digital assets through funds, aligning the scope of qualified investments with the asset classes that traditional IRAs can invest in. Coinbase believes that broader and product-neutral rules will help expand choices, promote competition, and provide more opportunities for young people in the United States to engage in diversified investments and wealth accumulation. The qualified investments proposed by the Internal Revenue Service in the growth phase are currently mainly limited to tracking a broad stock index of U.S. companies, unleveraged mutual funds or ETFs with an annual fee rate not exceeding 0.1%.

Vitalik posted on the X platform stating that synchronizing an Ethereum node now takes only half a day at the fastest, with aggressive settings allowing disk space usage to be below 0.5 TB.EIP-4444 and the client teams' optimizations for snapshot synchronization have significantly improved the synchronization situation. Glamsterdam will further enhance node synchronization, for example, the new synchronization protocol of Nimbus will adopt relevant improvements.

Cross-chain aggregator Jumper announced plans to conduct its first JUMP token sale through Legion, while independently splitting from its incubator LI.FI to become a standalone company. Jumper claims its lifetime trading volume exceeds $40 billion, with over 100,000 monthly active users, ranking first in cross-chain bridging transaction volume, holding a market share of over 15%. The company is expanding its coverage to include exchanges, cross-chain, perpetual contracts, tokenized stocks, and other real-world assets, as well as yield opportunities.Jumper CEO Marko Jurina stated: Cross-chain bridging is the starting point for Jumper, and hopes Jumper will be the application users open when trading, investing, or transferring value on-chain. Jumper Perps (aggregated perpetual contract venue) is set to launch in the coming weeks. LI.FI will focus on orchestrating infrastructure, while Jumper will concentrate on consumer-facing applications.This Legion sale will be Jumper's first financing, with proceeds aimed at accelerating product development, user acquisition, and distribution. The JUMP token is planned to launch separately after the financing. The company stated it will not conduct separate equity financing rounds, with JUMP intended to be the sole ownership and exposure asset for users, contributors, and investors. Jurina remarked: The token should be the only way to own the value created by Jumper, and token priority ownership should become the industry standard.

The People's Bank of China today reiterated in its financial education campaign that virtual currencies such as Bitcoin, Ethereum, and Tether do not have legal tender status and cannot be used for currency circulation; conducting virtual currency-related businesses within the country is considered illegal financial activity and is strictly prohibited.The People's Bank of China stated that without the consent of relevant authorities, domestic entities and their controlled overseas entities are not allowed to issue virtual currencies abroad, and no units or individuals, whether domestic or foreign, are permitted to issue stablecoins pegged to the Renminbi abroad. The People's Bank reminds the public not to participate in virtual currency issuance, trading, investment, or mining activities, to be wary of high-yield investment scams, and to avoid renting out bank cards, payment accounts, or participating in virtual currencies.In addition, the People's Bank advises caution against virtual currency investment products and trading platforms that claim "guaranteed profits" or "high interest"; not to participate in virtual currency issuance, trading, investment, or "mining" activities; not to join communities promoting virtual currency activities, not to click on links containing overseas virtual currency trading platforms, or download related apps; not to lend or rent out bank cards or payment accounts, not to buy or sell virtual currencies "on behalf of others" as instructed, and not to act as "drivers," "currency dealers," or "U merchants"; and to report any clues related to virtual currency business activities to the relevant regulatory authorities in a timely manner.

According to CoinDesk, Hut 8 co-founder Marc van der Chijs warned in an interview with CoinDesk that the fierce competition between enterprises and nations is accelerating the development of artificial intelligence, with its speed exceeding human control, potentially posing systemic risks to the financial system and critical infrastructure. He stated, "We have already lost control," and expressed concern that systemic disruption or catastrophic failure is almost inevitable before real international safeguards are established.Van der Chijs predicts that AI and robotics could ultimately replace 90% to 95% of existing jobs and significantly lower the costs of goods and services. At that point, governments will need to find new sources of revenue, such as taxing the use of robots or AI. He also believes that AI could expose vulnerabilities in traditional banking software, threatening the confidence of institutions that rely on interconnected systems; in the crypto space, businesses built around Bitcoin, such as exchanges, are more susceptible to impact than the underlying network itself.Van der Chijs previously sold a large amount of Bitcoin to shift towards AI investments and believes that the capital shift by investors towards AI has prevented Bitcoin from reaching the previously expected levels of $200,000 to $250,000. He is now reinvesting some of the AI profits back into crypto assets through exchange-traded funds. He still views Bitcoin as the only asset worth holding in his lifetime and claims that Hut 8's shift to AI data centers is "the best decision ever."

Bitcoin News posted on the X platform that Bitcoin Core developer Niklas Gögge warned that recent AI-driven vulnerability scanning is changing the security landscape of Bitcoin. Large language models have significantly reduced the cost of discovering vulnerabilities, allowing attackers to potentially find catastrophic vulnerabilities for just a few hundred dollars in computing costs.For Bitcoin Core, Project Loupe, the Bitcoin Red Team, and individual contributors have generated over 1,000 reports, but so far no high-risk or severe vulnerabilities have been found. Gögge stated that relying on stronger models to discover vulnerabilities before attackers is not a sustainable security strategy. Developers should build testing infrastructure that can proactively prevent entire classes of vulnerabilities through automated testing, fuzz testing, and property-based testing. Key components of Bitcoin Core have accumulated over 100 years of CPU fuzz testing and have undergone decades of Bitcoin node network simulation.

Uniswap founder Hayden Adams retweeted a comment letter from U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce supporting autonomous decentralized systems, pointing out that the most favorable news for automated market makers (AMM) today is Hester Peirce's view that truly decentralized systems driven by autonomous software do not need to obtain exemptions, which corresponds to the permissionless nature of Uniswap.Adams stated that the SEC's innovative exemption applies to permissioned liquidity pools on Uniswap v4, providing a pathway for assets and users with relevant compliance needs to conduct transactions in the U.S., which is expected to promote the adoption of AMM. Uniswap will submit a comment letter with suggestions for improvements.

PonyGo, a global one-stop Web3 financial ecosystem aggregation service provider, announced that it has received strategic investment from Pantera Capital. According to the introduction, this investment will be used to support the in-depth layout of multi-track applications in the crypto ecosystem and to build four core business matrices: AI gun pool asset management, RWA independent station service providers, Meme aggregation launch pads, crypto travel OTA, ecological liquidity, community networks, and long-term development in global market construction.The two parties will engage in deep collaboration in areas such as AI, Web3.0, RWA independent stations, and crypto travel OTA, jointly promoting the comprehensive and real implementation of financial ecosystem aggregation, and building a stable, trustworthy, and sustainable global Web3 ecosystem.

CoinGlass data shows that due to the overnight announcement of the interest rate hike decision by the Federal Reserve, the prices of gold and silver once plunged about 3% from their intraday highs and are currently still in a downward trend. Tether Gold (XAUT) is currently priced at $4,281.15, with a 24-hour decline of 0.77%; silver (XAG) is currently priced at $63.41, with a 24-hour decline of 1.78%. During the period of significant market fluctuations, the trading volume of Gate precious metal contracts surged: the trading volume of Gate silver contracts reached $253 million in 24 hours, ranking second in the industry; the holding amount of Gate XAUT gold is approximately $127 million, also ranking second in the industry.

Independent researcher Jonas Wiedermann-Moeller discovered that OpenAI's malicious AI agents hijacked two Hugging Face user accounts and probed the platform's network vulnerabilities as early as May 13, nearly two months before the publicly disclosed intrusion incident in July. An internal incident report released by OpenAI last month disclosed only a small part of this, specifically that an agent stole a user's login credentials to access a biology-related document, while the new findings point to ongoing reconnaissance activities.According to Reuters, these agents used the hijacked accounts to send malformed files to the servers of the open-source AI repository Hugging Face, and researchers believe this appears to be an attempt to map the network to find intrusion pathways. Researchers reviewing the evidence did not find that the activities in May caused an actual intrusion, but Wiedermann-Moeller believes missing this signal is significant. He stated that if this behavior had been detected in May, it might have prevented a later, larger-scale incident. Hugging Face, which is currently being acquired by NVIDIA for $12.93 billion, has not disclosed whether it was aware of this new information.Researchers from Nightingale Collective also linked a spam attack on the code repository RubyGems on May 11 to OpenAI agents, which temporarily forced the platform to suspend new account registrations for four days.

According to CoinDesk, documents from the asset seizure order released by the U.S. Department of Justice (DoJ) show that the military branch of Hamas, the Al-Qassam Brigades, suggested in a letter to potential donors not to use Binance for transferring funds, but instead recommended platforms such as Bybit, OKX, Kast, and Redotpay. The letter advised using Tether's USDT stablecoin and the TRC-20 network, which is used to create and manage fungible tokens on the Tron blockchain.The Al-Qassam Brigades stated in the letter: "It is best not to use the 'Binance' platform for transferring support, and do not input any data indicating our official name, to avoid your wallet being blocked, and for your safety (inputting any fictitious data as the recipient); you can transfer through applications like Trust Wallet, RedotPay, OKX, Kast, BYBIT, etc." The organization claimed that Binance "can only be used to purchase currency, and then another application is needed to complete the transfer process."Binance's Chief Compliance Officer Noah Perlman responded that the terrorist organization's suggestion for people to avoid Binance indicates that its control measures are working. OKX stated that the wallet address mentioned in the February 10, 2025 communication is unrelated to them and has been identified by their internal controls as being associated with illegal activities, and related transfers will be flagged and blocked. Kast stated that it has a dedicated financial crime compliance department. The U.S. Treasury noted in its 2026 Terrorism Financing Risk Assessment that organizations such as Hamas and ISIS continue to use digital assets for donations and transfers.

At 2 AM Beijing time on Thursday, the Federal Reserve will announce its interest rate decision, with the market pricing in a probability of over 90% for a 25 basis point rate hike. Oil prices have risen above $100, and the yield on the 10-year U.S. Treasury has surpassed the critical psychological threshold of 5%. The focus of this meeting is whether the dot plot will be more hawkish and the description of the subsequent path.

FastLane co-founder Alex Watts announced that the team is building Moose, a product that serves as an on-chain aggregator, which is currently in public testing on Monad. Moose is described as the first on-chain aggregator and is currently the only router aimed at addressing the malicious quote manipulation issues from prop AMM and v4 hooks in TradFi and DeFi.Its tech stack is inverted, with quotes being instant and private, not passing through servers, TEE, RFQ, or simulation in the hot path, and routing decisions made using on-chain real-time status after the trade is included. Moose provides improvements in execution, speed, spot margin safety, and privacy by co-locating with various DEXs within the same transaction. Gas on Monad is higher but below one cent, and the upcoming threshold encrypted memory pool will offer end-to-end privacy.