News linked to this event type.
US Senator Bernie Sanders plans to introduce the "American AI Sovereign Wealth Fund Act," which proposes to levy a one-time 50% equity tax on the largest AI companies in the United States. The relevant shares would be injected into a national sovereign wealth fund, with the wealth generated by AI distributed to all American citizens through cash dividends, healthcare, education, and housing.Bernie Sanders argues that the trillions of dollars in wealth created by AI should not be captured solely by a few tech companies and their shareholders. He stated that the full text of the bill will be released in the coming weeks. Currently, the proposal is at the stage of a policy initiative, and there is significant uncertainty regarding its path to legislation and implementation.
Bitcoin News posted on X platform, stating that the Clarity Act has been formally submitted by the US Senate Banking Committee and placed on the Senate legislative calendar. The committee voted to advance the bill on May 14. As of June 1, the relevant process has been completed, and the bill can now be scheduled for consideration by the full Senate, with the next major procedure being a full Senate vote.Currently, the bill has completed submission, committee hearings, committee review and amendments, passing the Senate Banking Committee with a vote of 15 in favor and 9 against, and has been placed on the Senate calendar. It awaits a full Senate debate and amendments, a full Senate vote, coordination between the House and Senate, and the President's signature.
Cryptocurrency exchange Backpack announced the launch of Backpack Securities, enabling investors to buy, hold, and sell real stocks backed by regulated U.S. securities infrastructure—entitling them to dividends, corporate actions, and rights under systems such as ACATS and DTCC. Additionally, positions can be converted into tokenized securities freely transferable and tradable 24/7 on public blockchains like Solana. Orders are routed directly into U.S. equity market liquidity pools, with execution prices reflecting real-time market prices.
According to an official announcement, Coinbase has invested in ProShares’ GENIUS Money Market ETF (IQMM). This product is described as the first money market ETF designed under the GENIUS Act and usable for stablecoin reserves.
According to Securities Times, Tiger Brokers issued a notice stating that, in order to comply with the industry regulatory requirements for a two-year concentrated rectification period and promote standardized development of cross-border securities business, Tiger Brokers will adjust its services for existing investor accounts within mainland China.
According to GlobeNewswire, WTW, a global leader in insurance and risk management, has announced the acquisition of digital asset insurance platform Redefind to strengthen its digital asset protection services. As disclosed, Redefind provides an end-to-end platform for cryptocurrency and digital asset insurance access. WTW plans to initially launch an unhosted loss recovery insurance solution in the UK to cover related expenses—including forensic investigations, asset tracing, and legal recovery—following theft or loss of digital assets.
According to official announcements, Deepcoin, a global cryptocurrency exchange, has officially obtained the Bitcoin Service Provider (BSP) license issued by the Central Reserve Bank of El Salvador, enabling it to offer Bitcoin custody, Bitcoin trading, and related exchange services within the country’s regulatory framework. This license is a key authorization under El Salvador’s Bitcoin regulatory system; applicants must meet requirements in governance, risk management, cybersecurity, and anti-money laundering (AML)/countering the financing of terrorism (CFT) compliance. Deepcoin stated that this approval marks a new milestone in its global compliance strategy.
According to the UK’s Financial Times, Tencent is set to launch an embedded AI agent within WeChat. Sources familiar with the matter revealed that Tencent is currently testing a prototype of this AI agent, which can assist users in performing various tasks directly inside WeChat. The company plans to initiate the regulatory approval process required before launch as early as this month. Once regulatory review is complete, Tencent will first conduct a gray-release test with a small group of external users, followed by a phased, gradual rollout. The official launch date has yet to be determined. A person who viewed an early product demonstration said users need only swipe right from WeChat’s main interface to summon the AI agent’s chat window. Sources indicated Tencent has designated this project as its top strategic priority, with management focusing intensely on refining details—yet scaling up to full deployment remains hampered by insufficient computing power supply. Internally, Tencent has preliminarily estimated the cost investment to be extremely high, and it remains unclear whether sufficient revenue can be generated in the short term to offset these costs.
Odaily Seer Channel monitors that Polymarket has launched a new prediction market titled "June world is peaceful and uneventful." Currently, the probability of something major happening (Something) stands at 14%, while the probability of nothing happening (Nothing) is reported at 86%.Traders believe there is an 86% likelihood that the market will see "no major progress" in June, as no significant diplomatic or policy breakthroughs appear imminent in the initial weeks.If any of the following conditions are met between the market creation and June 30, 2026, at 11:59 PM Eastern Time (US):- WTI crude oil price breaks through $150;- The U.S. confirms the existence of extraterrestrials;- The Federal Reserve decides on any policy adjustments in June;- A ceasefire between Russia and Ukraine;- Iran agrees to hand over its enriched uranium stockpile.Then the market will be settled as "Something"; otherwise, it will be settled as "Nothing."Odaily Seer Channel continues to follow prediction markets, seeing the changes before prices are set.
Starting June 1, the Central Bank of Brazil officially tightened licensing requirements for Virtual Asset Service Providers (VASPs), mandating that all cryptocurrency firms applying for or renewing their licenses undergo independent financial audits. The audit scope covers compliance with anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations, segregation of client funds from platform-owned funds, risk management mechanisms, and staff training. Audit firms must be registered with the Brazilian Securities and Exchange Commission (CVM). Previously, Brazil established a regulatory framework for virtual assets through legislation in 2022 and introduced the VASP licensing category in November 2025. This latest regulation further strengthens compliance oversight of the cryptocurrency industry.
According to the Central Bank of Russia’s “Financial Stability Review,” Russian private investors currently hold approximately 3.8 billion rubles in cryptocurrency-linked financial instruments—a figure nearly unchanged from 3.7 billion rubles six months earlier—indicating stagnation in market interest growth. Of this amount, 1.7 billion rubles flowed into crypto-linked corporate bonds; 5,600 investors collectively held cryptocurrency futures positions worth 1.7 billion rubles; and roughly 3,800 investors allocated 354 million rubles to digital financial assets pegged to Bitcoin and Ethereum. Major issuers include large banks such as Sber and VTB. Meanwhile, the Moscow Exchange has progressively launched Bitcoin and Ethereum futures, along with related ETFs, and will introduce Solana, Ripple, and TRON futures in May 2026.
According to the Hong Kong Economic Journal, in response to concerns raised by Hong Kong Legislative Council members regarding potential regulatory gray areas involving financial KOLs (Key Opinion Leaders) in the virtual asset space, Mr. Yip Chi Hang, Executive Director of the Intermediaries Division at the Securities and Futures Commission (SFC) of Hong Kong, stated that financial KOLs represent a new business norm—not the traditional relationship between individuals and conventional securities firms, but rather the relationship between individuals and platforms. However, many such platforms are not based in Hong Kong, and their reach is borderless—making this a shared challenge for global regulators. The SFC has already begun closely engaging with the industry to understand the landscape and is actively discussing whether new regulatory considerations—including enhancements to licensing requirements and codes of conduct—are warranted.
According to Protos, Twenty One Capital (ticker: XXI), a Bitcoin reserve company controlled by Tether, received an official non-compliance notice from the New York Stock Exchange (NYSE) on May 29 due to insufficient independent directors on its Audit Committee. The company must rectify the issue by Friday, June 6; otherwise, its stock will be assigned the “BC” (Below Compliance) designation starting June 9. The incident stems from May 19, when Tether acquired all 89.1 million Class A shares held by SoftBank and canceled the corresponding Class B shares. Concurrently, Tether terminated the governance agreement granting SoftBank veto rights over the Board of Directors. As a result, the two directors appointed by SoftBank—including Jared Roscoe, a member of the Audit Committee—resigned the same day, reducing the number of independent Audit Committee members from two to one, thereby triggering the NYSE’s compliance threshold. Twenty One Capital has stated it will appoint a new independent Audit Committee member as soon as possible but has not disclosed the specific candidate or who holds the authority to make the appointment. The company currently holds 43,514 BTC, valued at approximately $3.1 billion, yet its total market capitalization remains below $2.5 billion. Amid leadership instability and multiple unfulfilled business commitments, its stock price has plunged over 83% in the past year.
According to The Block, Robinhood Markets has completed its $180 million acquisition of Canadian digital asset services firm WonderFi. WonderFi operates Bitbuy and Coinsquare—the two largest regulated crypto platforms in Canada—and existing users will be invited to migrate to the Robinhood app. This acquisition pushes Robinhood’s overseas registered user base past 1 million, adding approximately 300,000 Canadian users. Robinhood stated it will continue supporting WonderFi’s partnerships with local institutions to further expand its institutional business. The deal was initially announced in May 2025 and originally slated for completion in the second half of 2025 but was delayed until now due to technical deployment and regulatory approval requirements.
“New Stock God” Serenity posted that it recently discovered a "bot farm" consisting of dozens of accounts, which have been continuously spreading false information about SIVE over the past few days.Serenity stated that these accounts had previously participated in marketing activities for some Asian projects, including Alchemy Pay, and may be newly purchased X platform accounts. The relevant accounts have had low historical activity, but recently intensively posted negative content about selling SIVE holdings, repeatedly advising other investors to sell. It also noted that some accounts were found to be using AI to generate negative comments.Serenity stated that due to the traceable records of the related activities, it plans to submit the relevant information to the U.S. Securities and Exchange Commission (SEC) for investigation, and reminds market participants to be cautious of unverified sources of information.
Odaily reports, according to official sources, X Layer has entered into a strategic partnership with xStocks, a regulated tokenized stock issuance platform. Together, they will promote the integration of tokenized stock assets into the X Layer ecosystem and make related trading services accessible to OKX Wallet users. In the future, users will be able to trade xStocks-related assets 24/7 within the OKX Wallet, benefiting from the settlement, liquidity, and distribution capabilities provided by X Layer. The two parties will also launch a fast-listing mechanism to accelerate the tokenization and trading circulation of popular stocks and thematic ETFs within a compliant framework.It is reported that X Layer is committed to building on-chain infrastructure for financial assets, covering key areas such as settlement, liquidity, and distribution. xStocks has previously facilitated over $31 billion in cumulative tokenized stock trading volume and has become the first major issuer to commit to providing asset depth on X Layer, driving the expansion of tokenized stock scale.
edgeX released the latest statement on the abnormal price volatility of the EDGE token, stating that the protocol has not been attacked in any form, and that this incident was not caused by a hacker attack, exploit, or security vulnerability.edgeX stated that currently available information indicates this abnormal volatility was caused by certain external parties deliberately manipulating the market price of EDGE. This is a matter of market integrity, not a platform security issue.The team stated that it is actively cooperating with relevant exchanges and partner platforms in the investigation. A more comprehensive incident report will be published after the investigation is complete.
According to The Block, Strategy disclosed in an SEC filing that it sold 32 BTC between May 26 and May 31, generating approximately $2.5 million in proceeds to pay dividends on its preferred stock. This marks the company’s first Bitcoin sale since December 2022. The disclosure sparked controversy in a Polymarket prediction market—valued at over $20 million in trading volume—that had asked whether Strategy would sell Bitcoin before May 31. The dispute centers on whether the sale qualifies: “Yes” proponents argue the sale occurred before the deadline; “No” proponents contend the information was not publicly disclosed before the market closed and therefore should not count. The market has now entered its final review phase. Polymarket added that “results confirmed outside the deadline will not be recognized,” leaning toward the “No” side. If the dispute escalates further, UMA token holders will vote to resolve it—but prior reports indicate UMA voting power is highly concentrated, with over 60% of active voters linked to Polymarket accounts, raising concerns about impartiality.
According to Cryptopolitan, Japan’s Liberal Democratic Party (LDP) Blockchain Promotion Group recently submitted a proposal to Finance Minister Kayoko Shiozawa, calling for the establishment of a legal framework for cryptocurrency ETF trading and promoting the yen-pegged stablecoin as a payment instrument in Asian markets. The proposal states that cryptocurrency ETFs are easier to operate than direct holdings of crypto assets and should receive formal recognition in the Japanese market. Meanwhile, LDP member Junichi Kanda expressed hopes of promoting the yen-pegged stablecoin policy during the 2027 Asian Development Bank Annual Meeting, which will be hosted in Tokyo. Currently, Japanese startup JPYC launched Japan’s first licensed yen-pegged stablecoin in October 2025, while Mitsubishi UFJ Financial Group, Sumitomo Mitsui Banking Corporation, and Mizuho Financial Group have jointly initiated a stablecoin pilot project. Previously, Japan’s Cabinet approved reclassifying cryptocurrencies as financial products, laying the groundwork for implementing the ETF framework.
edgeX stated it has observed sudden and abnormal price fluctuations in the EDGE token and is actively investigating the cause.The team noted that it is urgently reviewing the specific situation and will release updates as soon as relevant information is confirmed. Users are reminded to refer to information published by edgeX's official channels and to exercise caution regarding unsubstantiated market rumors.