News linked to this event type.
According to The Block, South Korean cryptocurrency exchange Bithumb announced it has signed a memorandum of understanding (MOU) with SSI Digital (SSID), the blockchain subsidiary of Vietnam’s largest securities firm, SSI. Under the MOU, the two parties will jointly establish and operate a digital asset exchange in Vietnam, covering areas including wallet and custody systems, security risk management, regulatory compliance, and product development. The agreement was signed in March this year and officially announced today. Bithumb stated that, subject to approval by local regulatory authorities, it may make a strategic investment in SSID’s cryptocurrency exchange project.
According to CoinDesk, BNY Mellon—the world’s largest custodian bank, with $59 trillion in assets under custody—has announced a partnership with Finstreet and the ADI Foundation to launch digital asset custody services in the UAE, operating under the regulatory framework of the Abu Dhabi Global Market (ADGM). Initially, the service will focus on custody for Bitcoin (BTC) and Ethereum (ETH), with plans to later expand to stablecoins and tokenized assets.
: U.S. Commodity Futures Trading Commission Chairman Michael Selig stated at Consensus 2026 that the CFTC has filed lawsuits against regulatory agencies in approximately five to six states, including Arizona, Connecticut, Illinois, and New York. The core dispute revolves around the regulatory authority over prediction markets. He noted that if rulings diverge across different circuit courts, the relevant cases could ultimately be appealed to the U.S. Supreme Court.Michael Selig said that the Commodity Exchange Act has clearly granted the CFTC exclusive regulatory authority over commodity derivatives, and that event contracts for prediction markets are financial derivatives traded on federally regulated exchanges, fundamentally different from traditional entertainment venue models. He argued that some state-level regulators are attempting to challenge federal law through local regulations, and the CFTC will continue to file lawsuits against such actions.
: Arthur Hayes stated at the Consensus 2026 conference that the crypto industry is not reliant on regulation for development. The core factors affecting Bitcoin's price are only technological reliability and fiat liquidity, with the latter being the true driving force.He pointed out that from the quantitative easing of the Obama era, the fiscal stimulus during Trump's first term, to the Biden administration releasing reverse repo liquidity by replacing long-term bonds with short-term debt, each round of monetary expansion has been highly correlated with Bitcoin's rise. Arthur Hayes believes that although the Trump administration has pushed forward multiple crypto regulatory bills, Bitcoin has still fallen by about 25% over the past approximately 18 months, indicating that positive regulatory developments do not directly drive price increases.He also stated that the Trump family's previous experiences with debanking, asset freezes, and lawsuits may make them more appreciative of Bitcoin's value as an asset free from state control. Arthur Hayes said that if Bitcoin eventually evolves into a common financial product on bank balance sheets, it will lose its original significance.
According to Decrypt, the now-defunct cryptocurrency exchange Bittrex filed a motion this week with a federal judge seeking to vacate its $24 million settlement agreement with the SEC reached in 2023 and requesting that the SEC fully refund the penalty. In the motion, Bittrex’s attorneys argued that while the SEC had alleged in its lawsuit that the relevant crypto tokens constituted unregistered securities, the SEC has since publicly acknowledged—following the Trump administration’s return to power—that this legal theory was flawed. The agency has accordingly dismissed nearly all similar cases, leaving only the Bittrex case unresolved. Bittrex contends this treatment is unfair and demands equal treatment. Notably, the SEC initiated procedures in March 2026 to transfer the $24 million to the U.S. Treasury for distribution to harmed customers. Bittrex’s attorneys are urgently requesting that the court issue an order directing the return of the funds before the transfer occurs. The SEC has declined to comment on the matter.
According to The Block, Senator Kirsten Gillibrand stated clearly on Wednesday at the Consensus Miami conference that she would not support the Cryptocurrency Market Structure Act unless it includes an ethics provision. She emphasized that members of Congress, the President, the Vice President, and senior executive branch officials must not profit from the industry by virtue of their insider status, bluntly declaring, “Without this provision, corruption will destroy this industry.” Previously, before the presidential inauguration, both Donald Trump and his wife launched meme coins. Their family-led DeFi and stablecoin project, World Liberty Financial, has also sparked widespread controversy. Bloomberg estimates that Trump has already earned at least $1.4 billion from cryptocurrency-related businesses.
According to Bitcoin News, German Finance Minister Lars Klingbeil reportedly stated that the German government plans to tax Bitcoin and crypto assets differently from current rules—potentially eliminating the existing policy that exempts holdings held for over one year from taxation—and instead aligning their tax treatment more closely with that of equity assets. These proposed adjustments have already drawn criticism from some legal scholars, who argue that imposing a stricter tax regime specifically on Bitcoin may violate Germany’s constitutional principle of equal protection. Previously, Austria abolished a similar long-term holding exemption policy.
According to CoinDesk, Patrick Witt, Executive Director of the White House’s Digital Assets Advisory Committee, stated at Consensus Miami 2026 that the White House has set July 4 as the target date for the House of Representatives to pass the Digital Asset Markets Clarity Act (Clarity Act). The specific timeline is as follows: the Senate Banking Committee will complete its markup process this month; in June, the full Senate vote will proceed during four designated Senate work weeks; and the bill will then be sent to the House of Representatives for a final vote before Independence Day. Regarding core points of contention in the bill, Senators Thom Tillis and Angela Alsobrooks have reached a compromise on the stablecoin yield provision—prohibiting stablecoins from offering yields equivalent to bank deposits, while preserving rewards tied to consumer spending. Witt stated this issue is “closed.” Additionally, the White House is pushing to expand the scope of conflict-of-interest provisions to cover *all* government personnel, “from the President to congressional interns,” and explicitly opposes targeted provisions aimed at specific officials or their families. Witt also warned that if the U.S. fails to establish regulatory leadership by 2026, it will be forced to follow rules set by other countries—“God forbid China sets those rules.”
Chicago Fed President Austan Goolsbee said Wednesday that the war with Iran increasingly appears to be an inflationary shock to the economy. While the impact on employment and economic growth is not yet apparent, concerns are mounting over supply chain disruptions and persistently rising prices. "This is not yet a 'stagflationary' shock"—the kind that simultaneously hits the job market and pushes up inflation, forcing the Fed to decide which of its policy objectives faces greater risk—Goolsbee said after a conference at the Milken Institute in Los Angeles. "This is purely an inflation shock. And the longer it persists, the more uneasy I become."
Odaily reports, Senator Kirsten Gillibrand stated at the Consensus conference that cryptocurrency market structure legislation will not receive a floor vote unless it includes an ethics clause. Gillibrand pointed out that it is necessary to prohibit members of Congress, senior government officials, and the President and Vice President from using their insider positions to profit in the crypto industry. Currently, multiple Democratic senators have expressed concerns about President Trump and his family's crypto connections. Bloomberg estimates that Trump has already profited at least $1.4 billion through crypto ventures. The bill had previously stalled in the Senate over issues related to stablecoin reward handling. While a compromise has now been reached, the ethics clause has become a new obstacle. Gillibrand stated that she is working with the White House and both parties to ensure the clause is included, and is also pushing for the addition of consumer protection and anti-terrorism financing provisions. The bill is expected to pass before the August recess.
According to The Block, Kraken has launched CFTC-regulated crypto spot margin trading for U.S. retail users. Users can use their held crypto assets as collateral to trade with up to 10x leverage—without needing to first sell assets to obtain liquidity. This product is the first offering launched by Kraken’s parent company, Payward, following its acquisition of crypto derivatives platform Bitnomial and leveraging Bitnomial’s regulatory license. Payward previously stated that it plans to roll out regulated perpetual contracts and options products for U.S. users in the future.
Odaily News On the 6th local time, Ebrahim Rezaei, spokesperson for the Iranian Parliament's National Security and Foreign Policy Committee, stated on social media that the multiple remarks made by the US side on Axios were “the American wish list, not reality. What Americans cannot obtain in face-to-face negotiations, they will not obtain in a losing war either.” Rezaei also stated that if the US does not make the necessary concessions, Iran is ready to fire. (CCTV)
According to The Information, Polymarket—four years after exiting the U.S. market—is attempting to re-enter the domestic market by acquiring a U.S.-licensed derivatives and futures exchange, thereby rejoining the regulated framework, and has appointed Justin Hertzberg to lead its U.S. operations. However, recent developments indicate that Polymarket’s U.S. business progress has fallen short of expectations, with its market share significantly trailing that of its main competitor, Kalshi. Reportedly, within the company, Justin Hertzberg assumes more of a “figurehead CEO” role, primarily responsible for signing regulatory documents, while his capacity to manage and scale U.S. operations remains limited. Overall, Polymarket’s re-entry into the U.S. market continues to face dual challenges—both regulatory and operational.
according to Gate Ventures' latest weekly report, the global market performance is generally stable, but inflationary pressures and policy divergences are rising simultaneously. The S&P 500 topped the 7,200 mark for the first time. The Fed kept interest rates unchanged but showed major internal divisions. Compounded by volatile oil prices due to supply shocks in the Strait of Hormuz, market expectations of "stagflation" have intensified. Against this backdrop, the crypto market remains in a consolidation pattern, with BTC largely flat and ETH experiencing a slight pullback. ETF fund flows are diverging, and market sentiment remains cautious.At the industry level, the CLARITY Act has clarified the boundaries for stablecoin yields, further promoting a clearer regulatory framework. EURC is seeing rapid growth in Spanish retail payment scenarios, indicating that localized stablecoin applications are coming to market. The Solana ecosystem is advancing its post-quantum signature scheme, Falcon, reflecting the industry's forward-looking layout for long-term security. In terms of investment and financing, 15 deals were completed this week, with a total volume of $167 million, representing a 205% increase week-over-week. The infrastructure track continues to dominate. Among these, Four Pillars completed a Series A funding round to strengthen institutional-grade research and infrastructure capabilities. Belo secured $14 million in a funding round led by Tether, accelerating the expansion of its stablecoin payment network in Latin America. Overall, capital continues to concentrate towards infrastructure and cross-asset platforms, driving the industry's accelerated evolution towards institutionalization and multi-asset integration.
: According to official sources, the Jito Foundation is partnering with Solana Company (NASDAQ: HSDT) to provide institutional-grade Solana infrastructure in the Asia-Pacific region. The two parties will operate BAM validators using Pacific Backbone in Hong Kong, Singapore, Japan, and South Korea. This low-latency infrastructure network supports staking, validation, and trading services in the Asia-Pacific region. Additionally, they will jointly develop an institutional-grade JitoSOL staking product, delivered through Solana Company's consulting service model, to meet the compliance requirements of large capital allocators. The head of the Jito Foundation for the Asia-Pacific region stated that this collaboration aims to combine Jito's market layer technology with Solana Company's regional experience and institutional network, laying the foundation for scalable and compliant participation within the Solana ecosystem.
According to CoinDesk, cryptocurrency custody provider Taurus has obtained a MiFID II investment license from the Cyprus Securities and Exchange Commission (CySEC), enabling it to offer tokenized financial instrument services to EU banks and asset management firms, and supporting secondary trading of tokenized bonds, fund shares, equities, and structured products. Additionally, Taurus already holds a license from the Swiss Financial Market Supervisory Authority (FINMA), and its application under the EU’s Markets in Crypto-Assets Regulation (MiCA) is underway.
According to Cointelegraph, the domain name of BG Wealth Sharing—a suspected $150 million cryptocurrency Ponzi scheme—has been seized by U.S. law enforcement authorities. On-chain investigator ZachXBT revealed that individuals linked to the scheme attempted to launder over $92 million between April 27 and May 3. In collaboration with Tether, Binance, OKX, and U.S. law enforcement, more than $41 million in funds was successfully frozen. The scheme began operations in 2025 and heavily promoted itself via social media, promising daily returns of 1.3%–2.6%, primarily targeting retail investors. Prior to its shutdown, its CEO, Stephen Beard, instructed users to pay a 12% tax on their account balances, citing an “IPO regulatory process”—a move widely perceived by users as the final “harvesting” of retail investors.
Nathan McCauley, Co-Founder and CEO of Anchorage Digital, posted on X stating that the financial system is entering an “autonomous era,” where AI is evolving from an assistive decision-making tool into an independent agent capable of executing workflows, participating in negotiations, and conducting operations on behalf of institutions. In response, Anchorage has launched its Agentic Banking infrastructure—a compliant and governable financial access layer for AI systems. This infrastructure provides identity verification, policy-based controls, and settlement capabilities spanning both crypto and traditional financial systems, enabling AI to directly participate in economic activity within regulated frameworks. Leveraging its U.S. federal charter as a crypto bank, Anchorage delivers a compliant “execution layer” that ensures transactional authorization controls, real-time risk management, and auditability.
The immediate trigger for this regulatory tightening was Meta’s $2 billion acquisition of Manus—a China-founded AI agent company—after which relevant authorities ordered the deal’s reversal and launched a systematic review of the “domestically operated, offshore-registered” corporate model. Dismantling a red-chip structure is procedurally complex, typically taking six months to one year and involving multiple steps—including repurchasing offshore equity, establishing a joint venture, and having investors re-invest. Moreover, shares of such joint ventures listed in Hong Kong are subject to a 12-month lock-up period—twice as long as that for ordinary red-chip stocks. Analysts note that if red-chip structures face comprehensive restrictions, Chinese startups’ ability to raise U.S. dollar funding from overseas will be significantly weakened.
Ekubo Protocol officially stated on the X platform that an active security incident has been identified in the Ekubo Swap Router contract on EVM chains. The impact is limited to EVM chains, with LPs unaffected; Starknet is also unaffected. The team is investigating the scope of the issue, but as a safety precaution, users are advised to revoke all approvals.