News linked to this event type.
The Hyperliquid Policy Committee (@hyperliquidpc) recently traveled to Washington, D.C. to meet with policymakers and discuss regulatory pathways amid the advancement of the Clarity Act legislation. Topics covered included Hyperliquid’s value proposition for U.S. consumers, global demand for on-chain trading, and foundational principles of DeFi markets. Jeff.hl noted bipartisan support among policymakers for prudent cryptocurrency regulation and expressed optimism about making formal U.S. user access to Hyperliquid a reality.
the U.S. Senate Banking Committee has advanced the crypto market structure bill, the Clarity Act, by a vote of 15 to 9. The bill aims to establish a comprehensive regulatory framework for the crypto industry at the federal level for the first time, garnering support from Democratic Senators Ruben Gallego and Angela Alsobrooks.While the industry generally views the committee's passage as positive progress, analysts believe the bill still faces significant obstacles before becoming law. TD Cowen has raised the bill's passage probability from approximately one-third to 40%, noting that some Democratic lawmakers are showing willingness to find a path to support it, though substantive disagreements have not been fully resolved.Previously, the bill had long been affected by issues such as stablecoin yield arrangements, conflicts of interest, and ethical provisions. Additionally, to overcome a filibuster in the Senate, the bill will need to secure more Democratic support than it currently has. Benchmark analysts also pointed out that the current number of supporting votes is insufficient to ensure its eventual passage. (The Block)
the Hyperliquid Policy Center stated that Hyperliquid, as an on-chain perpetual contract trading platform, can provide a new model for market integrity and transparency. The agency claimed that Hyperliquid makes all on-chain transaction records publicly available in real-time, which helps regulators and law enforcement agencies with monitoring, identification, and investigation, and also reduces the risks of insider trading and price manipulation.Previous reports indicated that ICE and CME are communicating with U.S. regulators, urging the CFTC to strengthen oversight of Hyperliquid. Their argument is that the platform's 24/7 operation of commodity trading could pose manipulation risks to markets such as global oil prices.Hyperliquid has recently experienced rapid growth in the commodity trading sector, partly due to its support for non-traditional trading hours and weekend trading. This week, 21Shares and Bitwise also successively launched ETFs related to Hyperliquid, citing increased oil and metal trading activity on the platform.The Hyperliquid Policy Center, however, believes that round-the-clock trading actually enhances market efficiency. Since price changes do not stop when traditional exchanges are closed, continuous trading helps reduce gaps between trading sessions and improves price discovery.
: Digital Asset Clearing Center (DACC), a tokenized financial market infrastructure provider, announced the completion of a $10 million strategic financing round. Participants included Conflux, Global InfoTech, Fosun International, Blockstone, Avior Capital, Fintech World, Satoshi Ventures, and BridgeTower. DACC currently offers financial institutions an end-to-end "Clearing-as-a-Service" solution. The new funds will support the construction of its compliant financial settlement and clearing infrastructure. (Aastocks)
the Hyperliquid Policy Center stated on X that Bloomberg’s coverage of some traditional exchanges’ concerns regarding the integrity and influence of Hyperliquid’s perpetual contract market is “unfounded.” Hyperliquid achieves market transparency through fully on-chain records, with every transaction publicly available in real-time, traceable, and immutable. This mechanism significantly reduces the potential for insider trading and price manipulation, and aids regulators and law enforcement in monitoring, identifying, and investigating activities.Furthermore, Hyperliquid emphasized that its 24/7 trading mechanism significantly enhances market efficiency, allowing prices to continuously reflect information changes even during traditional exchange holidays. This reduces price gaps and liquidity fragmentation caused by segmented trading hours, thereby optimizing overall price discovery.On regulatory matters, Hyperliquid pointed out that the current U.S. legal system has not yet fully adapted to the structure of public chain-based derivatives markets. However, it expressed a welcome and anticipation for cooperation with policymakers in Washington to progressively incorporate on-chain markets within the regulatory framework.
According to Odaily, THORChain has issued an emergency announcement stating that after discovering a suspected breach of an Asgard vault, the network has suspended trading operations to respond to the security incident. Preliminary information indicates that user funds remain unaffected, with losses primarily concentrated on the protocol's own capital.The official statement noted that the system automatically detected anomalous behavior and halted signing operations, thereby alerting the community and preventing further asset outflow. The investigation is currently ongoing to determine the root cause of the vulnerability and the full scope of the impact.Known information indicates that this incident involves one of the six Asgard vaults, with estimated losses of approximately $10.7 million. Meanwhile, staked RUNE on the affected nodes has been slashed due to a penalty mechanism triggered by unauthorized outgoing transactions. The network has paused churn operations and delayed the launch of new chains and related features until system stability is restored.THORChain stated that no user cross-chain transactions have been affected so far and has requested node operators to thoroughly inspect their infrastructure, secure key management, and anomalous behavior, and to submit relevant logs to assist the investigation.
Bitcoin slumped shortly after the US stock market opened, briefly breaking below the $79,000 mark, with a daily decline of approximately 3%, trading near its lowest level since May. Market consensus suggests this pullback is closely linked to the sell-off in risk assets triggered by a surge in US Treasury yields.Data shows that the yield on the 10-year US Treasury note rose above 4.55%, reaching its highest level in nearly a year, fueling concerns over tightening liquidity and a reassessment of risk assets. Analysts point out that this level previously triggered adjustments in US stocks and policy expectations last year, and is now once again serving as a key pressure signal.Trading firm The Kobeissi Letter stated that the "panic-driven rally" in the bond market is intensifying, with expectations for prolonged high interest rates growing. The market has begun pricing in the possibility of further rate hikes in the future, quickly cooling the previous "euphoria" in risk assets.From a technical perspective, analysts believe that after encountering multiple rejections from resistance above $82,000, Bitcoin's support structure is weakening. In the short term, it may retest the $75,000–$77,000 range, as the market enters a phase of range-bound trading and directional selection. (Cointelegraph)
that, according to on-chain analyst Ember Monitoring, following news that the CME and the New York Stock Exchange have jointly pushed US regulators to strengthen oversight of Hyperliquid, HYPE has retraced 4% from $45 to $43. An address named asssdfc transferred 8.826 million USDC to Hyperliquid 20 minutes ago after the news broke to short HYPE. It has already opened a $7 million short position on HYPE with an entry price of $43.1 and is still increasing its short position.
According to Odaily, Bitcoin's price is hovering around $80,350, up a slight 0.8% in the short term, facing sustained pressure after multiple failed attempts to break through the $82,000 resistance level. This zone is considered a confluence of resistance from the ETF cost basis, the 200-day moving average, and the CME gap fill area.Although the US CLARITY Act has passed the Senate Banking Committee, bringing positive expectations for crypto regulation, institutional capital continues to withdraw. Data shows that the 7-day average net outflow from US spot Bitcoin ETFs has fallen to -$88 million per day, the largest outflow scale since mid-February. Analysts suggest this selling pressure is more driven by "profit-taking" than panic selling.On the macro front, rising US Treasury yields are a core source of pressure. The yield on the 10-year US Treasury note has climbed to approximately 4.52%, a 10-month high. Meanwhile, the April CPI rose 3.8% year-over-year, the highest level in three years, further pushing back market expectations for a Fed rate cut. Analysts point out that geopolitical conflicts are driving up energy prices, exacerbating inflationary pressures, thereby weakening the appeal of risk assets.From an institutional perspective, some analysts believe the current ETF outflows represent portfolio rebalancing rather than a structural retreat. The options market indicates significant resistance for Bitcoin in the $82,000-$84,000 range, while $77,000 stands as a key support level. If the price breaks below this zone without a cooling of leverage, the market could enter a deleveraging phase, increasing the risk of a correction. (Decrypt)
According to Bloomberg, the Chicago Mercantile Exchange (CME) and the New York Stock Exchange (NYSE) are pressuring U.S. regulators to regulate the decentralized derivatives exchange Hyperliquid, citing concerns over market manipulation and sanctions violations.
CME Group and Intercontinental Exchange, the parent company of the New York Stock Exchange, are reportedly pushing U.S. regulators to intensify oversight of the decentralized derivatives platform Hyperliquid, citing concerns over potential market manipulation and possible sanctions evasion.It is understood that the two major traditional financial market infrastructure providers are worried that on-chain perpetual contract platforms like Hyperliquid, operating without a unified regulatory framework, could impact the existing derivatives market structure and pose cross-border compliance challenges. Currently, relevant discussions are still in their early stages, but they have sparked further attention on whether on-chain derivatives should be incorporated into the traditional regulatory system.
on-chain detective ZachXBT stated that the hacker "Dritan Kapplani Jr" transferred approximately $2.59 million in assets today, including 1.99 million DAI and 259 ETH. The funds were moved from address 0x4487...bba6 to address 0x67ec...125d. The stolen funds currently remain dormant.ZachXBT stated that on May 12, they published an investigation detailing the connection between Dritan Kapplani Jr and Trenton (Trent) Johnson in a social engineering theft involving 185 Bitcoin (approximately $13 million).
digital bank Revolut has announced that its trading division, Revolut Trading Ltd, has received an extension of permissions approved by the UK Financial Conduct Authority (FCA). This allows the company to launch more comprehensive investment and wealth management services in the UK market.Under the newly approved Variation of Permissions (VoP) license, Revolut can now manage investment portfolios for clients and participate in certain transactions as a principal. This means the platform will be able to offer leveraged investment products, professionally managed portfolios, and customized wealth management services for high-net-worth users. These features will be integrated into its mobile application, alongside daily banking and payment tools.It is reported that Revolut plans to further introduce AI-driven portfolio recommendation tools as it continues its transformation into a "one-stop financial platform." Earlier this year, Revolut officially obtained a full UK banking license. Analysts believe the FCA's approval demonstrates the company's enhanced maturity as a regulated financial institution and reflects the accelerating competition between fintech companies and traditional banks and wealth management firms. (Crowdfundinsider)
Gemini, the crypto exchange founded by the Winklevoss twins, saw its stock price surge over 25% in pre-market trading after releasing its Q1 2026 financial results. The report showed the company's quarterly revenue increased 42% year-over-year to $50.3 million, while its net loss narrowed 27% year-over-year to $109 million. However, this still exceeded the market's expected loss per share of $0.61.The report indicates that Gemini's operating expenses rose 73% year-over-year to $144.5 million. Within this, employee compensation costs increased by 91% and included approximately $6.5 million in severance expenses. Sales and marketing spending also doubled year-over-year to $19.1 million. The company stated it is currently pushing forward with a business transformation via layoffs, business contraction, and a $100 million Bitcoin capital injection from the Winklevoss Capital Fund, as it seeks to achieve profitability.In February of this year, Gemini closed its operations in the UK, the EU, and Australia, and cut approximately 25% of its workforce to refocus on the US market and prediction market business. In April, the company received approval from the U.S. Commodity Futures Trading Commission for a Derivatives Clearing Organization (DCO) license, officially entering the crypto prediction market space. Bolstered by these developments, the company's stock has been rebounding recently, currently trading above $6.60. (CoinDesk)
According to Cryptopolitan, U.S. Senator Cynthia Lummis told CNBC in an interview that large banks are attempting to block legislation aimed at clarifying cryptocurrency regulation because they cannot compete with the crypto industry. She emphasized that Bitcoin’s adoption is unstoppable: “This will become the financial system of the future.”
CoinShares tweeted that the cryptocurrency market saw a net outflow of $920 million this week. In the short term, macroeconomic headwinds continue to dominate: PPI data came in higher than expected, U.S.-Iran tensions pushed oil prices higher, and the Federal Reserve’s room for rate cuts is constrained—Bitcoin fell 1.4% this week. Meanwhile, the U.S. Senate Banking Committee passed the Clarity Act by a vote of 15–9, bringing long-term regulatory direction into sharper focus. CoinShares noted that the market is currently caught in a tug-of-war between short-term macro pressures and long-term regulatory tailwinds.
Chloe (@ChloeTalk1), a columnist for HTX DeepThink and researcher at HTX Research, analyzed that Kevin Warsh’s formal confirmation as Federal Reserve Chair on May 14—by an extremely narrow Senate vote—marks the completion of the most contentious leadership transition at the Fed in decades. Global risk assets, especially the crypto market, are now entering a new phase characterized by “high volatility + high uncertainty.” The biggest current market contradiction lies in the head-on clash between “political pressure for rate cuts” and “real-world inflationary pressures.” Trump continues to demand rapid rate cuts to stabilize the financial environment ahead of the midterm elections. Yet the latest U.S. PPI year-on-year reading stands at 6%, with core PPI at 5.2%—both significantly exceeding market expectations—indicating that energy price increases driven by the Iran war have begun spreading across broader goods and services. Warsh’s stance proves more complex than market expectations. Though viewed by the Trump camp as a candidate “more willing to cut rates,” his long-standing intellectual framework is fundamentally hawkish: he has repeatedly criticized the Fed for excessive market intervention and long opposed unlimited balance-sheet expansion. What he truly advocates is not traditional large-scale monetary easing, but rather a “low-interest-rate environment without QE”: shrinking the balance sheet, reducing market intervention, and simultaneously curbing inflation via AI-driven productivity gains and regulatory relaxation. This implies that the future U.S. dollar liquidity environment will likely differ sharply from the era of unlimited QE seen in 2020–2021.
The regulatory environment for the crypto industry continues to improve, but macro interest rate risks are dampening market sentiment. The US CLARITY Act has passed the Senate Banking Committee with a 15:9 vote, moving closer to a full Senate vote. The market expects that this bill could provide a clearer regulatory framework for tokenization, stablecoins, and smart contract platforms, potentially accelerating institutional capital inflow.Kavi Jain, Senior Research Associate at Bitwise, stated that the progress of the CLARITY Act is a significant milestone for US digital asset regulation. It is expected to particularly benefit smart contract platforms like Ethereum and Solana, and drive growth in institutional activities related to stablecoins, tokenized funds, and on-chain capital markets.However, the macro environment continues to exert pressure on the crypto market. US April inflation data came in higher than expected, driven primarily by rising energy prices. The market is now even beginning to price in the possibility of another rate hike by the Federal Reserve before April 2027. Meanwhile, the US 30-year Treasury yield has reached 5% for the first time since 2007, indicating growing market concern over long-term inflation risks. Analysts suggest that in a high-interest-rate environment, the appeal of high-risk assets, including Bitcoin, may be suppressed. (CoinDesk)
According to a post by a16z crypto, on May 14, the U.S. Senate Committee on Banking, Housing, and Urban Affairs advanced the “Digital Asset Market CLARITY Act” (CLARITY) via a bipartisan vote—a historic step forward for U.S. crypto market structure legislation. The CLARITY Act aims to establish a clear regulatory framework for blockchain networks and digital assets. Its core provisions include: clarifying the jurisdictional boundaries between the SEC and the CFTC over crypto assets; regulating crypto exchange operations; protecting consumer rights; and providing a clear pathway for blockchain networks to operate compliantly in the United States. a16z notes that, over the past decade, the U.S. reliance on “regulation-by-enforcement instead of legislation” has not only distorted markets and stifled innovation but also spurred widespread regulatory arbitrage—driving numerous crypto projects overseas. The bill draws upon the 2024 FIT21 Act and the House version of the CLARITY Act introduced in 2025, further refining and strengthening those proposals. Currently, the drafts from the Senate Banking Committee and the Senate Committee on Agriculture, Nutrition, and Forestry will be consolidated into a unified bill for a full Senate vote. Upon passage, it must still be approved by the House of Representatives and signed into law by the President to take effect. a16z compares this legislative milestone to the historic significance of the 1933 Securities Act and cites the explosive industry growth following the passage of the GENIUS stablecoin bill as precedent—arguing that once enacted, CLARITY will usher in a new wave of innovation across the U.S. crypto industry.
According to The Block, Myanmar’s military government has released a draft of the “Anti-Online Fraud Act,” which proposes imposing the death penalty on individuals who force others to engage in online fraud and life imprisonment for those operating fraud centers or committing cryptocurrency-related fraud. The draft also proposes establishing a dedicated committee to coordinate international efforts against fraud. Myanmar’s parliament is expected to review the bill in early June. Earlier, in September 2025, the U.S. Department of the Treasury imposed sanctions on multiple entities in Myanmar and Cambodia suspected of involvement in cryptocurrency investment fraud. FBI data shows that cryptocurrency-related fraud losses in 2025 reached $11.4 billion—more than half of all internet crime losses.