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Regulation/Compliance

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Anthropic to Brief Global Financial Regulators on Mythos Model

Odaily reports: Artificial intelligence company Anthropic has agreed to provide a special briefing to relevant officials of the Financial Stability Board (FSB) regarding its Mythos AI model. The briefing will focus on security vulnerabilities identified by the model within the defense systems of the global financial network.According to two sources familiar with the matter, the communication was proposed by Bank of England Governor Andrew Bailey, requesting that Anthropic brief the FSB on its new preview version of the Claude·Mythos AI model. The FSB is currently compiling a report on compliance standards for the application of artificial intelligence in the financial industry, with a draft expected to be released next month for public consultation. Both the FSB and Anthropic have declined to comment on their recent communications. (Jiemian)

Analyst: History May Repeat Itself, Bitcoin Price Could Drop to $33,000

According to Cointelegraph, cryptocurrency analysts are divided on whether Bitcoin will reenact its historical “Sell in May” pattern in 2026. In the two midterm election years—2018 and 2022—Bitcoin experienced sharp declines in May, falling approximately 30% and 70%, respectively. Analyst Merlijn Enkelaar warned that this historical pattern could repeat, with Bitcoin potentially dropping to $33,000. Joao Wedson, CEO of Alphractal, also noted that if Bitcoin remains persistently below $78,000, the likelihood of a new capitulation phase increases. However, Jeff Ko, Chief Analyst at CoinEx, argued that past crashes stemmed from specific shocks—including the Mt. Gox incident, China’s ICO regulations, the Federal Reserve’s monetary tightening, and the collapses of Terra and FTX—not from calendar-based seasonality. He added that the launch of spot ETFs, corporate treasury allocations, and progress on the CLARITY Act have significantly broadened the institutional buyer base, making a 70–80% deep correction unlikely this cycle. Analyst Michaël van de Poppe highlighted $76,000 as the current critical support level; failure to hold it would likely trigger further downside pressure.

Analysis: Bitcoin Drops Below $77,000 as Geopolitical Conflicts and Inflation Concerns Trigger Sell-Off

Bitcoin has fallen below the $77,000 mark, hitting a low of approximately $76,720. Analysts attribute the market decline primarily to multiple macroeconomic pressures, including the renewed escalation of tensions between the US and Iran, rising inflation concerns, and increased risk aversion across risk assets. Former US President Donald Trump issued a strong warning to Iran on social media, intensifying geopolitical uncertainty.Meanwhile, rising oil prices have further elevated inflation expectations, with Brent crude climbing to around $111 and WTI rising above $107. This has sparked concerns that the Federal Reserve may maintain higher interest rates for a longer period.The current selling pressure is also compounded by factors such as rising US Treasury yields, a strengthening US dollar, and ETF outflows. Data shows that Bitcoin ETFs saw net outflows of approximately $1 billion in the week ending May 17, ending six consecutive weeks of net inflows.In terms of market sentiment, the Bitcoin Fear and Greed Index has fallen back to 27, re-entering the "fear zone." Analysts believe that short-term trends will remain highly dependent on macroeconomic data and policy expectations. However, some institutions view the current correction as a "healthy digestion" period, suggesting the long-term structure remains unchanged. (The Block)

White House Crypto Advisor: CLARITY Act Could Meet About 90% of Industry Regulatory Needs

: White House Crypto Policy Advisor Patrick Witt stated that if the Clarity Act passes smoothly, it could provide approximately 90% of the regulatory framework and policy certainty needed by the crypto industry. The bill is seen as one of the most critical pieces of legislation in the current U.S. crypto regulatory system, expected to strike a significant balance between compliance, market structure, and industry development. (Cointelegraph)

US House Agriculture Committee Urges Trump to Nominate CFTC Commissioners and Emphasizes Importance of CLARITY Act

: U.S. House Agriculture Committee Chairman Glenn Thompson, along with committee members, has sent a letter to President Trump urging him to promptly nominate a full five-member slate for the U.S. Commodity Futures Trading Commission (CFTC). The letter notes that the CFTC is currently led solely by Chairman Michael Selig. If the CLARITY Act is passed, the CFTC will face major rulemaking tasks, and a complete leadership team is crucial for addressing "pressing regulatory issues." As of now, Trump has not publicly announced any CFTC commissioner nominations, and any nominees would still require weeks or even months of Senate review and voting.

Forsage Ponzi scheme mastermind extradited from Thailand to the U.S., with $340 million in involved funds

According to an official announcement by the U.S. Department of Justice, Olena Oblamska, a 42-year-old Ukrainian woman, was recently extradited from Thailand to the United States to face charges of conspiracy to commit wire fraud. Court documents allege that Oblamska and her co-conspirators marketed Forsage as a decentralized multi-level marketing project built on blockchain-based smart contracts, falsely promoting it to global investors as a low-risk, high-return investment opportunity—when in fact it was a Ponzi and pyramid scheme that defrauded victims of approximately $340 million. Oblamska has appeared in court and pleaded not guilty; jury trial is scheduled to begin on July 14, 2026. If convicted, she faces up to 20 years in federal prison and a fine of up to $250,000. The case was jointly investigated by the FBI, the U.S. Secret Service, and Homeland Security Investigations.

US NCUA Releases Proposed Rules on Payment Stablecoin Issuance Standards

Odaily Odaily News: The National Credit Union Administration (NCUA) has announced a proposed rule to establish operational and risk management standards for NCUA-supervised Payment Stablecoin Issuers (PPSI) under the framework of the GENIUS Act.NCUA Chairman Kyle Hauptman stated that the rule aims to ensure credit unions are not disadvantaged in terms of stablecoin regulatory standards and seeks to align as closely as possible with proposed standards for bank subsidiaries.The proposed rule is now open for public comment in the Federal Register, with the comment period ending on July 17, 2026.

A hacker organization has made over $14 million through token scams and X account hijackings

on-chain analyst Specter stated that the hijacking incidents of investor Keith Gill, Matt Furie, and WinRAR accounts on the X platform are all linked to the same hacker organization. This organization has accumulated over $14 million in profits by hijacking accounts to promote tokens and conducting cross-chain money laundering, with funds flowing through five chains: Solana, BNB Chain, Ethereum, Tron, and Hyperliquid.Specter claims the organization may also be connected to a $2.45 million wstETH phishing attack in 2024. The investigation found that hackers used compromised accounts to issue Pepe imitation tokens, incorporating a built-in 2% automatic fee mechanism to generate profits; related fund flows are associated with the bnbshare.fun platform and multiple Solana, Tron, and Ethereum addresses. Analysis also showed that several tokens (including USOR, VDOR, DROID, WCOR, UGOR) were used to inflate market caps before being dumped to zero.

SharpLink CEO: If the CLARITY Act passes, risk appetite recovers, and tokenization accelerates, ETH could rise

: SharpLink CEO stated that if the CLARITY Act passes, market risk appetite recovers, and the tokenization process accelerates, ETH could rise. (Cointelegraph)

Russia’s Ruble-Backed Stablecoin A7A5 Plans to Transform into a Long-Term Cross-Border Settlement Tool

According to CoinDesk, the ruble-pegged stablecoin A7A5 is transitioning from a tool for circumventing sanctions into a long-term settlement instrument for trade with Russia. Oleg Ogienko, an executive at A7A5, stated that even if sanctions are lifted, the stablecoin will remain competitive by offering fast, non-U.S. dollar cross-border settlements and yield tied to Russia’s high interest rates—currently around 13.5%. A7A5’s current market capitalization stands at approximately $500 million. However, its expansion still faces challenges stemming from restrictions imposed by Western financial infrastructure and from a draft Russian crypto regulation. The draft proposes capping annual investments by non-qualified investors at 300,000 rubles (roughly $4,000). Ogienko revealed that A7A5 is participating in consultations on this regulatory framework. He also noted that Russia’s future central bank digital currency (CBDC) will focus more on budgetary oversight than commercial applications—and therefore will not compete with A7A5.

Thai Authorities Raid Illegal Bitcoin Mining Operation, Causing Over $80,000 in Power Loss

Thai authorities recently conducted a surprise raid on a suspected illegal Bitcoin mining operation. Abnormally high electricity consumption caused overheating and melting of cables in nearby buildings, prompting law enforcement to carry out a raid on a four-story commercial building. The investigation revealed that the facility allegedly tapped into the main power grid without authorization to supply electricity to multiple Bitcoin mining rigs on the fourth floor, resulting in an estimated electricity loss exceeding $80,000—while its registered monthly electricity bill was only around $11. Police have seized the mining equipment and are conducting further investigations into those involved.

Zhejiang Customs in China cracked multiple cryptocurrency mining machine smuggling cases, seizing over 400 mining machines.

According to Zhejiang Daily, Ningbo Customs Anti-Smuggling Bureau in Zhejiang Province, China recently cracked multiple cases involving the smuggling of virtual currency mining rigs, dismantled several criminal gangs, and seized over 400 mining rigs, including Antminer L9 and Binghe KS3 models. The report states that the involved gangs disassembled the mining rigs and falsely declared them as “industrial circuit breakers” and other items, smuggling them into China via international express channels through ports such as Ningbo and Guangzhou. The rigs were then reassembled and sold domestically or shipped to mining farms in regions including Xinjiang and Hunan for hosted mining operations. Investigators noted that the gangs also used USDT for cross-border payment settlements to circumvent financial supervision.

Grafana Discloses GitHub Environment Security Incident: Hackers Stole Code Repositories and Launched Ransomware Attack

Open-source data visualization tool Grafana announced on X that it recently discovered an unauthorized attacker had obtained a token granting access to Grafana Labs’ GitHub environment and used it to download code repositories. An investigation confirmed that no customer data or personal information was compromised, and no impact was found on customer systems or business operations. Forensic analysis was initiated immediately following the incident, and the source of the credential leak has been identified. Additional security measures have also been deployed to strengthen environmental protections. Additionally, Grafana disclosed that the attacker attempted to extort payment via ransomware to prevent public disclosure of the code repositories; however, the company ultimately decided not to pay the ransom. More details from the post-incident review will be shared after the investigation concludes.

Japan’s SBI Securities and Rakuten Securities plan to launch cryptocurrency investment trust products.

According to the <i>Nikkei</i>, SBI Securities and Rakuten Securities plan to launch cryptocurrency investment trusts. Meanwhile, several major brokerages—including Nomura Securities—have stated they will consider following suit once the regulatory framework is established. A <i>Nikkei</i> survey of 18 major brokerages found that 11 indicated they would consider offering such products after regulations are finalized. SBI Securities plans to sell funds developed by its subsidiary SBI Global Asset Management, covering ETFs and investment trusts focused on highly liquid cryptocurrencies such as Bitcoin and Ethereum; the entire process—from product development to distribution—will be handled internally within the SBI Group. Similarly, Rakuten Securities plans to jointly develop its own products with group members including Rakuten Investment Management, aiming to enable trading of cryptocurrency investment trusts via smartphone apps.

VanEck and Grayscale Submit BNB ETF Amendments on the Same Day

VanEck filed the fifth amendment to its BNB ETF registration statement with the U.S. Securities and Exchange Commission (SEC) on May 15. Grayscale also submitted the second amendment to the Grayscale BNB ETF prospectus on the same day.Bloomberg ETF analyst James Seyffart stated that the simultaneous submission of amended documents by both institutions indicates they are responding to SEC feedback and may be planning to advance product launches in the near term.James Seyffart also noted that BNB could become the next crypto asset to pass SEC review and potentially be listed in the United States. (The Block)

Poland’s Sejm Passes Revised Cryptocurrency Bill on Third Attempt

On Friday, May 15, Poland’s Sejm (lower house of parliament) approved the government-backed Markets in Crypto-Assets bill (Bill No. 2529) during its 57th session, with 241 votes in favor and 200 against. The bill aims to formally integrate Poland’s cryptocurrency market into the European Union’s Regulation on Markets in Crypto-Assets (MiCA). Earlier versions of the bill had been vetoed twice by President Karol Nawrocki. Under the bill, the Polish Financial Supervision Authority (KNF) will be granted explicit authority to supervise market participants, impose administrative penalties, and temporarily freeze accounts and transactions. The bill has now been forwarded to the Senate for deliberation, and the President retains the possibility of issuing another veto.

Iran Announces Establishment of a Professional Management Mechanism for the Designated Shipping Lanes in the Strait of Hormuz

Ebrahim Azizi, head of the National Security and Foreign Policy Committee of Iran’s Islamic Parliament, stated on social media on the 16th that Iran has developed a professional mechanism to manage navigation in designated shipping lanes through the Strait of Hormuz. This mechanism will soon be publicly announced. Azizi emphasized that the mechanism was formulated within the framework of Iran’s national sovereignty and aims to ensure the security of international trade. Only commercial vessels and related parties cooperating with Iran will benefit from it, and necessary fees will be charged for professional services. The shipping lane will be closed to operators of the so-called “freedom plan.”

Polish Sejm Passes Revised Crypto Bill to Bring Market into MiCA Framework

Polish lawmakers on Friday approved a government-backed bill to bring the country’s cryptocurrency market under the European Union’s MiCA framework for crypto asset regulation, following two previous vetoes of earlier versions of the bill by President Karol Nawrocki. According to official parliamentary records, the vote took place during the 57th session of the Sejm in Warsaw on Friday, with 241 lawmakers voting in favor and 200 against the legislation. The approved Bill No. 2529, backed by the Ministry of Finance, grants the Polish Financial Supervision Authority (KNF) the power to oversee market participants, impose administrative penalties, and temporarily freeze accounts and transactions.

Arthur Hayes: Hopes the Clarity Act Will Be Vetoed, Crypto Can Survive Without Regulation

Arthur Hayes stated he hopes President Trump will veto the Clarity Act if it reaches his desk, arguing that cryptocurrency can survive without regulation and that it's all about the macroeconomy.

Galaxy’s Head of Research: The CLARITY Act faces a tight timeline, potentially reaching President Trump for signature as early as August

Alex Thorn, Head of Research at Galaxy, posted on X that the U.S. Senate Banking Committee voted 15–9 this week to advance the CLARITY Act to a full Senate vote. With time running short—approximately nine weeks remain—the projected timeline for next steps is as follows: June 1: Begin reconciling the Senate Banking Committee’s and Senate Agriculture Committee’s versions of the bill; June 15: Full Senate debate begins; June 22: The Senate may complete its final vote; July 13: Senate–House reconciliation concludes; Early August: President Trump signs the bill into law (assuming the schedule stays on track). Alex Thorn analyzed that Democrats are focusing heavily on “ethics provisions” designed to restrict digital asset holdings and profits by senior officials and their family members. Meanwhile, negotiations continue on the Decentralized Finance Regulation and Blockchain Regulatory Certainty Act (BRCA). The CLARITY Act will lay the groundwork for innovation in the U.S. digital asset market and for investor protection.