News linked to this event type.
Arthur Hayes stated at the Consensus Miami 2026 event that 99% of altcoins could drop to zero, which is part of a normal market cleansing. Since 1929, approximately 98% of companies in the S&P 500 have gone to zero, meaning most stocks are also altcoins over the long term. Cryptocurrencies crash faster due to 24/7 trading and a lack of restrictions. He suggests viewing tokens as software; the failure of most software projects due to an inability to attract users is a normal business reality.The price and future value of Bitcoin depend on the total amount of fiat currency and the speed at which it is created, and are unrelated to politics or regulation. Bitcoin is currently trading at around $82,000, and its utility lies in allowing users to transfer value outside the traditional financial system. Centralized crypto companies seek regulation to protect their businesses, but this will not impact the validity of Bitcoin or cryptocurrencies.
Alex Thorn (@intangiblecoins), Head of Research at Galaxy Research, published a post revealing that Galaxy Research has released a new report refuting banking industry claims that the GENIUS Act would erode U.S. bank deposits—and providing quantitative estimates. Key findings from the report include: - Under the GENIUS Act framework, 60%–70% of new stablecoin issuance would originate overseas; inflows of foreign deposits would be approximately twice the volume of domestic deposit migration—indicating a net increase in total deposits rather than a zero-sum reallocation. - Each newly minted GENIUS stablecoin would generate approximately $0.32 in net credit for the U.S. economy. - In the base-case scenario, total credit expansion by 2030 would reach roughly $400 billion; under the optimistic scenario, it could reach $1.2 trillion. - Short-term U.S. Treasury yields (T-bills) would compress by 3–5 basis points, potentially saving taxpayers up to $3 billion annually in borrowing costs. - The report also notes that the interest pass-through mechanism does not pose an existential threat to U.S. banks—it merely represents a reallocation of profit margins and will not reduce overall credit capacity.
Odaily报道，美国马萨诸塞州参议员伊丽莎白·沃伦致信Meta首席执行官马克·扎克伯格，要求其就稳定币整合相关事宜作出回应。伊丽莎白·沃伦表示，鉴于Meta此前发行Libra的尝试，其在稳定币计划上缺乏透明度令人不安。她要求马克·扎克伯格在5月20日前提供稳定币试验的细节，包括推出日期、涉及的第三方稳定币及隐私保护机制。Meta已于4月向菲律宾和哥伦比亚的部分创作者推出USDC支付功能。美国参议院银行委员会目前正在审议旨在建立数字资产框架的CLARITY法案。
According to CoinDesk, Payward, Kraken’s parent company, announced on May 9 that it has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust company charter. If approved, Payward National Trust Company (PNTC) will be established to provide federally regulated digital asset custody and fiduciary services to institutional and individual clients.
According to The Block, Lee Reiners—a lecturer in law at Duke University and former examiner at the New York Federal Reserve—published a post on May 8 stating that WLFI, the governance token issued by the DeFi project World Liberty Financial—which is closely associated with the Trump family—may constitute an unregistered security. Reiners cited the Securities and Exchange Commission’s (SEC) recently released token classification framework, arguing that WLFI is not a “pure digital commodity” and therefore falls under SEC regulatory scrutiny. He contends that WLFI was publicly presold—approximately 25 billion tokens—prior to the protocol’s launch and was marketed leveraging the Trump family’s brand, leading buyers to reasonably expect profits—a key element of the SEC’s “Howey Test” for determining whether an asset qualifies as a security. Regarding decentralization claims, Reiners referenced litigation filed by Justin Sun, noting that World Liberty unilaterally froze Sun’s tokens and revoked his governance rights—revealing a high degree of centralized control. Additionally, he highlighted clear conflicts of interest: the project borrowed $75 million in stablecoins from the Dolomite protocol, using 5 billion WLFI tokens as collateral; notably, a co-founder of Dolomite also serves as an advisor to World Liberty, and part of the borrowed stablecoins flowed directly to World Liberty itself.
According to the SEC’s official website, U.S. Securities and Exchange Commission (SEC) Chair Paul S. Atkins delivered a speech on May 8 at the Special Competitive Study Project’s AI+ Expo, outlining the SEC’s regulatory approach toward AI and on-chain financial markets. Atkins stated that the SEC will advance several regulatory initiatives targeting on-chain markets, including: establishing rules defining “exchanges” for on-chain trading systems; clarifying the applicability of definitions for “brokers” and “dealers” to on-chain activities; delineating the scope of the “clearing agency” definition as it applies to on-chain clearing and settlement activities; and issuing regulatory guidance for activities related to “crypto vaults.” Regarding AI regulation, Atkins emphasized that the SEC will not mandate specific AI models for firms but will uphold its core mission of protecting investors, maintaining fair and efficient markets, and facilitating capital formation—while requiring firms to take responsibility for the outputs of their deployed AI tools. Atkins also urged Congress to promptly send the CLARITY Act to the President for signature, thereby providing long-term regulatory certainty for digital asset markets through legislation. He warned that driving innovation offshore would repeat the FTX debacle and harm U.S. investors.
According to crypto journalist Eleanor Terrett, the U.S. Senate Committee on Banking will hold a markup session for H.R.3633, the “Digital Asset Markets Structure Act of 2025,” at 10:30 a.m. ET on May 14. Committee members will vote on the bill’s text and related amendments. If approved, the Banking Committee’s version will be merged with the portion overseen by the Senate Committee on Agriculture to form the final version, which will then proceed to a full Senate vote.
after the U.S. Senate reached a compromise on stablecoin yield issues, expectations for advancing the crypto market structure bill have noticeably improved. Industry insiders stated that this progress "significantly boosted market sentiment," and the Senate Banking Committee may advance deliberation and voting as early as next week.Previously, the probability of the bill passing was only around 20%–30%, but expectations have now risen to approximately 60%. However, ethical issues surrounding Donald Trump and his crypto-related business ties are still seen as a key final obstacle.The bill aims to establish a comprehensive federal regulatory framework for the first time and delineate the regulatory authority between the SEC and the CFTC.
Payward (Kraken's parent company) has applied to the OCC for a national trust company charter, planning to establish Payward National Trust Company (PNTC).The entity will offer regulated, bank-grade digital asset custody and trust services to both institutional and individual clients.Previously, Coinbase and Ripple have received conditional approval for similar charters, indicating that crypto institutions are accelerating their alignment with compliant financial systems.
: SEC Chairman Paul Atkins has stated that the regulator is considering establishing new rules for on-chain financial markets and related software applications.Atkins pointed out that current DeFi software protocols are difficult to classify within traditional regulatory frameworks as exchanges, brokers, or clearing agencies, as a single protocol often simultaneously performs multiple functions such as trade execution, collateral management, liquidity routing, and settlement.His remarks are seen as a sign of the SEC adopting a more open attitude towards the crypto industry, appearing friendlier compared to his predecessor Gary Gensler. Meanwhile, the SEC is also exploring innovative exemption mechanisms for tokenized securities and advancing the clarification of digital asset classification systems.
major US-based crypto exchanges Coinbase, Kraken, and Gemini are pushing for amendments to the Senate's crypto market structure bill, seeking to delete or relax the listing restrictions on 'digital assets susceptible to manipulation.' The original clause requires trading platforms to only list digital assets that are 'not easily manipulated.' The industry is concerned that this standard could limit the ability of small-cap tokens to be listed on exchanges, thereby impacting liquidity and market development.According to sources, the exchanges submitted revision proposals to the Senate Agriculture Committee earlier this year, suggesting the removal of the relevant restrictive language and emphasizing that the current wording could create a 'listing barrier' for small-cap crypto assets. Under the bill's design, the U.S. Commodity Futures Trading Commission (CFTC) would gain broader regulatory authority over digital commodity markets in the future, adopting a 'self-certification' mechanism used in traditional commodity markets, which requires exchanges to confirm that a product is not easily manipulated before it can be listed.However, the crypto industry believes that digital assets have structural differences from traditional commodity derivatives, making it unreasonable to simply apply existing standards, which could stifle innovation and market access. A source noted that the current direction of revisions is seen as a 'clear push for regulatory easing.' A Coinbase policy executive stated that the industry supports stronger regulatory and anti-fraud frameworks but opposes directly transplanting standards unsuitable for spot markets, as it would affect market liquidity and consumer participation. It is understood that the bill is still in the negotiation phase between two Senate committees and is expected to undergo further adjustments before being formally submitted for a full floor vote. (Politico)
according to a UK police announcement, former World Athletics Championships 4x100m relay gold medalist and British sprinter CJ Ujah, along with nine other individuals, has been charged with "conspiracy to defraud" in connection with a cryptocurrency fraud case.Police stated that the criminal gang posed as police and cryptocurrency company personnel to conduct phone scams against multiple victims, tricking them into disclosing critical wallet security information, including seed phrases. The perpetrators then transferred the victims' crypto assets, with one victim losing over £300,000. The case was cracked following a joint investigation by the Eastern Region Special Operations Unit (ERSOU) across Kent, Essex, and London. The ten suspects have appeared in court, with Ujah released on bail until a further hearing on May 28.Ujah, now 32, won a 4x100m relay gold medal for Team GB at the 2017 World Championships and also claimed the Diamond League title that same year. In 2022, he was suspended for 22 months due to a doping violation, which was later attributed to contamination from a supplement causing an adverse analytical finding. In addition to Ujah, another British sprinter, Brandon Mingeli, is also on the list of those arrested and is currently in custody pending trial. (The Guardian)
The Securities and Futures Commission (SFC) of Hong Kong recently issued a public notice warning investors to be vigilant against certain unlicensed platforms and related marketing activities, specifically naming HabitTrade. In response, HabitTrade issued a statement clarifying that it is a licensed Australian brokerage firm and a compliant financial services platform, and that it does not conduct any regulated business in Hong Kong nor promote or provide related services to the Hong Kong public. The statement further notes that certain third-party promotional content, video materials, and traffic-driving activities circulating in the market do not represent HabitTrade’s official position. The company reserves the right to pursue legal action against any unauthorized use of its brand, technical infrastructure, or partnership affiliations for misleading or non-compliant promotional purposes. HabitTrade stated that it remains committed to regulatory compliance as its top priority and will cooperate fully with relevant regulatory authorities in jurisdictions where it operates to conduct necessary investigations.
Odaily, Aptos Foundation has signed a Memorandum of Understanding (MoU) with NETSTARS, a Japanese QR code payment service provider, to jointly explore multi-chain payment solutions. The two parties plan to integrate the high-performance Aptos L1 blockchain into NETSTARS' existing cashless payment system, introducing stablecoin payments to its merchant network, with a focus on instant settlement, low costs, and a compliant embedded transaction experience.
Odaily Odaily News: At the Consensus Miami 2026 conference, executives from MoonPay, Ripple, and Paxos stated that regulatory clarity is driving accelerated institutional adoption of stablecoins. However, infrastructure, privacy protection, and real-world use cases remain the core challenges facing the industry.Richard Harrison, Vice President of Banking and Payment Partnerships at MoonPay, noted that the GENIUS Act provides a "license" for enterprises to enter the stablecoin space, making it easier for traditional financial institutions to participate in the stablecoin market. He pointed out that stablecoins can significantly improve the efficiency of cross-border payments, but their share in global remittances remains low, predicting it could rise to approximately 10% in the next five years.Jack McDonald, Senior Vice President of Stablecoins at Ripple, stated that institutional clients are more focused on regulatory compliance, custody security, and trusted counterparties, rather than simply the market capitalization of stablecoins. He mentioned that Ripple places greater emphasis on the practical utility of stablecoins in scenarios such as payments, enterprise cash flow management, and capital market collateral.Brent Perrault, Senior Software Engineer at Paxos, pointed out that on-chain privacy issues have not yet been effectively addressed, as public blockchains can expose transaction amounts and fund flows. He believes that the key to future competition among stablecoins will be trust, distribution capabilities, and user incentive mechanisms.Harrison also compared stablecoins to electric vehicles, stating that "the product itself is already viable, but true mass adoption still depends on supporting infrastructure." This includes real-world consumer use cases such as paying rent or buying coffee with stablecoins. (CoinDesk)
According to Cointelegraph, after a 15-month investigation, police in New South Wales, Australia, seized 52.3 bitcoins—valued at approximately AUD 5.7 million (about USD 4.1 million)—and arrested two suspects allegedly operating a dark web marketplace in Ingleburn, Sydney. Authorities stated that the seized bitcoins are suspected proceeds from illicit dark web activities linked to drug and weapons trafficking. The operation, conducted by the State Crime Command’s Cybercrime Squad (Strike Force Andalusia), is regarded as one of the largest dark web-related cryptocurrency seizures ever carried out in Australia. Meanwhile, AUSTRAC has recently intensified its anti-money laundering (AML) oversight of domestic virtual asset service providers and cryptocurrency exchanges.
The Securities and Futures Commission (SFC) of Hong Kong has issued a warning, adding two unlicensed platforms—StableStock and HabitTrade—to its warning list. The SFC noted that online videos are inducing the public to use the StableStock platform, which claims users can subscribe to Hong Kong IPOs using virtual assets and states it is collaborating with HabitTrade. The SFC emphasized that neither entity holds an SFC license and therefore must not engage in any regulated activities in Hong Kong or promote their services to the public.
According to Decrypt, Australia’s financial intelligence agency AUSTRAC has launched two targeted regulatory initiatives against the virtual asset industry, focusing on anti-money laundering (AML) and counter-terrorism financing (CTF) risk management practices of relevant businesses. These initiatives cover 36 cryptocurrency-to-fiat over-the-counter (OTC) trading operators and 27 domestic cryptocurrency exchanges. Australia’s new regulations have expanded oversight from traditional cryptocurrency exchanges to Virtual Asset Service Providers (VASPs), including custodial and brokerage services. The Travel Rule for virtual asset transfers will become mandatory on July 1.
CoinMarketCap’s April 2026 Exchange Monthly Report shows that the total trading volume across the 12 tracked cryptocurrency exchanges amounted to $4.50 trillion, with Binance holding a 36.23% market share. Overall derivatives trading volume was 5.38 times that of spot trading, and the combined proof-of-reserves across eight exchanges totaled $220.07 billion. The report also notes that Coinbase surpassed Binance in BTC spot order book depth within ±2%, becoming the exchange with the deepest liquidity; for ETH spot liquidity, Binance remains the leader. On the regulatory front, Binance is advancing its MiCA authorization application in Greece, while Gemini completed its withdrawal from the UK, EEA, and Australian markets on April 6.
According to The Block, South Korea’s National Assembly has passed an amendment to the Foreign Exchange Transaction Act, requiring enterprises engaged in cross-border inflows and outflows of crypto assets to register with the Minister of Economy and Finance to strengthen systematic oversight of cross-border crypto asset flows. The amendment introduces a new definition of “virtual asset transfer business,” covering activities involving the transfer of crypto assets between South Korea and overseas jurisdictions through buying, selling, or exchanging—such as those conducted by cryptocurrency exchanges and digital asset custodians. Separately, it is reported that South Korea’s Financial Services Commission plans to extend the Travel Rule to all crypto transactions; South Korea also intends to impose a 22% tax on crypto asset gains exceeding 2.5 million KRW starting January 2027.