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Jefferies expects crypto IPOs could create a $1 trillion market, with tokenization as the core driver

Wall Street investment bank Jefferies stated that as institutional investors accelerate their shift towards blockchain-based financial infrastructure, the crypto and blockchain sectors could see a new wave of IPOs over the next two years, forming a public market worth $1 trillion within five years.Jefferies released a report indicating that the current industry focus is shifting from speculative crypto asset prices to the comprehensive integration of blockchain infrastructure by banks, exchanges, asset managers, and payment institutions. Companies like Payward (parent company of Kraken) and Securitize are advancing their IPO plans, and it is expected that more crypto-related companies will enter the public market in the future. Tokenization is seen as a key driver of this structural transformation, with money market funds, private credit, and on-chain settlement systems already entering practical implementation phases. Increasing regulatory clarity will further accelerate institutional adoption.Currently, the market is moving from short-term hype to long-term technological reassessment. Crypto IPOs could serve as a crucial gateway connecting traditional capital markets with the on-chain economy. (CoinDesk)

U.S. Digital Asset Regulation at a Turning Point: CLARITY Act Advances with Bipartisan Support, Enters Key Legislative Stage

during a recent Senate Banking Committee hearing, substantial progress was achieved in advancing the Digital Asset Market Clarity Act (CLARITY Act). The bill passed with a 15-9 vote, moving to the full Senate for consideration.Several bipartisan lawmakers emphasized during the discussions that the United States urgently needs to establish a unified regulatory framework for digital assets, clarifying asset classification, trading platform oversight, and market structure rules to provide long-term certainty for the industry. Angela Alsobrooks pointed out from a family perspective that younger generations show a natural interest in digital assets, and the regulatory system should strike a balance between "opportunity and protection" to prevent technological development from escaping regulatory oversight. Tim Scott stressed the need to advance legislation from the standpoint of economic opportunity and the American Dream, while Cynthia Lummis noted that the legislative process has already demonstrated a clear foundation for bipartisan cooperation.Supporters argue that digital assets have become an irreversible trend, with approximately 68 million Americans currently holding related assets. However, a significant volume of transactions still occur on overseas platforms, underscoring the urgent need for the U.S. to establish a domestic regulatory framework to enhance market transparency and investor protection. Analysts point out that the CLARITY Act is seen as a crucial complement following stablecoin-related legislation (the GENIUS Act). Without supporting rules at the market structure level, the U.S. risks losing its dominant position in the competition for digital financial infrastructure.As the bill advances to the full Senate, observers are closely watching whether it can complete final legislation based on bipartisan consensus, thereby establishing the core rules of the U.S. digital asset regulatory framework. (CoinDesk)

HTX has launched perpetual contracts for AAOI, GLW, SHLD, and BE and initiated the Contract Trading Party.

According to the official announcement, HTX has launched perpetual contracts for AAOI/USDT, GLW/USDT, SHLD/USDT, and BE/USDT on May 27, with a maximum leverage of 10x for all. Concurrently, HTX is hosting a trading party for AAOI, GLW, SHLD, and BE perpetual contracts from 15:00 on May 27 to 15:00 on June 3 (UTC+8), with a total prize pool of up to $20,000. During the event, users who register and trade AAOI/USDT, GLW/USDT, SHLD/USDT, or BE/USDT perpetual contracts—accumulating a minimum of $1,000 in eligible trading volume—will share the prize pool based on their trading volume ranking. Additionally, new perpetual contract users trading AAOI/USDT, GLW/USDT, SHLD/USDT, or BE/USDT will receive exclusive benefits.

Supreme People’s Court: Conduct in-depth research on adjudication rules for emerging case types—including virtual currencies and cross-border finance—and promptly formulate judicial interpretations concerning civil compensation for insider trading and mar

According to CCTV News, the State Council Information Office held a press conference under its “Getting Off to a Strong Start: The 15th Five-Year Plan” series of thematic events, introducing progress in advancing law-based governance across the board. At the press conference, Liu Guixiang, a full-time Vice-Ministerial-level Member of the Judicial Committee of the Supreme People’s Court and a Class-II Grand Justice, stated that courts will conduct in-depth research into adjudication rules for novel case types—including those involving virtual currencies and cross-border finance—and expedite the formulation of judicial interpretations on civil compensation for insider trading and market manipulation, thereby safeguarding the stable operation of capital markets and effectively protecting the lawful rights and interests of small and medium-sized investors. In response to emerging business models in the digital economy, courts will develop normative documents on judicial protection for cases involving artificial intelligence and data property rights. They will also refine adjudication rules concerning data ownership, data transactions, and AI-generated content, promoting deep integration of digital technologies with the real economy, supporting the improvement of foundational institutional frameworks for data as a production factor, and facilitating the development of an integrated data market characterized by openness, sharing, and security.

XRPL Proposes Upgrade to AMM Mechanism

XRP Ledger developers have submitted a draft amendment titled "AMM Swappable Curves," planning to introduce three types of switchable curves for XRPL's native automated market maker: constant product, concentrated liquidity, and StableSwap, with a programmable Smart AMM to follow.This upgrade aims to allow liquidity providers to choose a more suitable pricing curve based on asset type, thereby improving capital efficiency. Concentrated liquidity is suitable for trading pairs where most transactions are concentrated within a specific price range, while StableSwap is better suited for assets with near 1:1 exchange rates, such as stablecoins or pegged assets. Existing AMM pools will continue to use the current constant product model and do not require migration.This proposal is seen as a crucial step for XRPL to bridge its DeFi infrastructure gap. Currently, there are over $3 billion in tokenized real-world assets on the XRPL chain, including the recent tokenized U.S. Treasury redemption pilot conducted by Ripple and JPMorgan. However, for these assets to be traded, lent, or generate yields more efficiently, a more mature DeFi liquidity infrastructure is still needed.However, the proposal is still in the draft stage. It will need to go through the XRPL amendment voting process, which could take several months, and its eventual approval remains uncertain. (Coindesk)

Base MCP is now officially live

: According to official sources, Base MCP has been officially launched. Users can connect their Base account to an AI interface to perform swaps, transfers, track their portfolio, and participate in the Base ecosystem via chat. The service supports projects like Morpho, Moonwell, Aerodrome, Bankr, Avantis, Virtuals, and Uniswap upon launch, covering areas such as lending, swapping, and perpetual contracts.Users can install it through AI clients that support MCP and authenticate using their Base account. All transactions initiated by the AI agent require users to manually confirm or cancel them. Base MCP builds its authentication based on the OAuth 2.1 standard, generates wallet request links via the store request function, and the MCP server does not hold or access users' private keys.

Optimism Mainnet Introduces Stake-Based Priority Ordering Mechanism for the First Time, Launching a Four-Week Experiment

According to an official announcement from Optimism, the OP mainnet today initiates its first-ever adjustment to transaction ordering rules. For several years prior, the sequencer employed only a “highest-priority gas fee first” mechanism; it now introduces a new staking-based priority ordering option. This four-week experiment (concluding on June 23) was approved earlier this month by the Optimism Governance body and is optional for users. To participate, users must stake at least 100,000 OP tokens in the PolicyEngineStaking contract. The experiment proceeds in two phases: - Phase 1 (Week 1): Transactions are ordered using a FIFO (first-in, first-out) rule; staking amounts exceeding the minimum threshold do not affect priority. - Phase 2 (Weeks 2–4): A priority gas multiplier mechanism is introduced, weighted by staking duration—longer staking periods yield higher priority. For users not participating in the experiment, transaction ordering remains unchanged, and the PGA mechanism continues operating as usual.

Bitget Wallet and Stellar Launch PayFi Odyssey with 300,000 USDT in XLM Rewards

Bitget Wallet has announced the launch of the "PayFi Odyssey" campaign in collaboration with Stellar, featuring a 300,000 USD equivalent XLM reward program to drive everyday on-chain payment adoption in Asia, Africa, and Latin America.The campaign will roll out in phases starting from May 26, consisting of two components: crypto card and scan-to-pay. From 16:00 on May 26 to 15:59 on July 7 (Beijing time), Bitget Wallet Card holders can accumulate points by completing spending and Stellar-related tasks, sharing a pool of 200,000 USD equivalent in XLM rewards proportionally based on points earned. The scan-to-pay event will be held in two phases: May 28 to June 30 and July 1 to July 31. For each scan-to-pay transaction, users can share in a 100,000 USD equivalent XLM pool. Additionally, the event features a "Crypto Survival Plan" open to KOLs who can share real-life everyday payment stories.This campaign builds on Bitget Wallet’s previous integration with Stellar, aiming to further deepen collaboration in the PayFi space and bring on-chain assets into daily consumer spending and payment scenarios for users.

Alipay Launches AI Wallet and Token Pay; AI Payments Support 95% of General-Purpose Agent Frameworks

According to Mobile Payment Network, Alipay announced that its AI-powered payment solution has completed a cumulative total of 300 million intelligent-agent-based payments and supports 95% of mainstream intelligent-agent frameworks, claiming it has established an AI-native payment infrastructure ready for large-scale commercial deployment. Meanwhile, Alipay launched the AI Wallet and Token Pay: the AI Wallet targets individual users, offering intelligent-agent authorization, payment management, and bill inquiry; Token Pay targets large-model companies, providing solutions such as token top-ups and subscription-based payments. Alipay also stated that these services have already been deployed across scenarios including smart devices, intelligent vehicle cockpits, and AI tool platforms.

HTX has launched NBIS and ASML perpetual contracts and initiated the Contract Trading Party.

According to the official announcement, HTX (formerly Huobi) has launched perpetual contracts for NBIS/USDT and ASML/USDT on May 26, with a maximum leverage of 10x for both. Concurrently, HTX is hosting an NBIS & ASML Contract Trading Party from 15:00 on May 26 to 15:00 on June 2 (UTC+8), with a total prize pool of up to $20,000. During the event, users who register and trade NBIS/USDT and ASML/USDT perpetual contracts—accumulating a total effective trading volume of ≥$1,000—will share the prize pool based on their trading volume ranking. Additionally, new contract traders who complete NBIS/USDT or ASML/USDT perpetual contract trades will receive exclusive benefits.

Binance to Launch OPENAIUSDT Pre-IPO Perpetual Contract on May 26, 2026

According to an official announcement, Binance will launch the OPENAIUSDT margin Pre-IPO perpetual contract at 08:30 (UTC) on May 26, 2026, supporting up to 20x leverage. The contract is based on OpenAIGroupPBC (OPENAI) stock, with an estimated total share count of 1 billion shares. Trading will operate 24/7, with the funding rate fixed at 0.005% every 8 hours during the Pre-IPO phase, after which it will transition to a standard mechanism.

B.AI Platform Officially Launches Gemini 3.5 Flash, Fully Opening Web Chat and API Access

B.AI Platform announced that, following its initial integration on the API side, Gemini 3.5 Flash is now officially available to Web Chat users on the platform. As Google’s next-generation high-performance model, Gemini 3.5 Flash delivers fast, stable performance comparable to leading models—at a significantly lower cost—while demonstrating enhanced capabilities in code understanding, complex task execution, and agent-based application scenarios, enabling highly efficient and seamless user interactions. Users can currently experience this model directly via both B.AI’s API and Web Chat channels—try it now!

Abu Dhabi Investment Holding Company IHC Completes $30 Million DDSC Stablecoin Transaction

Abu Dhabi-based investment company International Holding Company (IHC) has completed a $30 million (approximately AED 110 million) transaction using the UAE dirham-pegged stablecoin DDSC on the ADI Chain—marking DDSC’s first major institutional-level application following its regulatory approval. DDSC was jointly launched by IHC, First Abu Dhabi Bank, and Sirius International Holding, and has received approval from the Central Bank of the UAE. The project team stated that this milestone demonstrates the UAE’s digital payment infrastructure is now capable of supporting institutional-grade transactions, and paves the way for establishing digital trade and payment corridors linking the Middle East with global markets.

Hyperliquid Mainnet Launches Prediction Event for "U.S. May CPI Year-over-Year Change"

Odaily Seer Prophecy Channel monitoring shows that the Hyperliquid mainnet has now launched a prediction event for the "U.S. May CPI Year-over-Year Change," with a 43% probability of a year-over-year increase equal to 4.3%; a 40% probability of a year-over-year increase below 4.3%; and a 22% probability of a year-over-year increase above 4.3%.The judgment criteria for this prediction event will be based on the May 2026 Consumer Price Index (CPI) data released by the U.S. Bureau of Labor Statistics at 8:30 AM Eastern Time on June 10, 2026.Previously reported, Hyperliquid has supported an official prediction market based on off-chain events. Relevant markets will be published by an automated news feed software run by validators, as part of daily on-chain operations.Odaily Seer Prophecy Channel continues to monitor the prediction market, observing changes before they are priced in.

North Korean hacker group Lazarus Group deploys fileless RemotePE Trojan to target cryptocurrency firms and banks

According to Cryptopolitan, the North Korea–linked hacker group Lazarus Group has been found deploying the fileless remote access Trojan RemotePE, primarily targeting banks, cryptocurrency exchanges, and fintech companies. This malware runs entirely in memory and employs process hollowing, anti-analysis detection techniques, and encrypted C2 communications—making it difficult for traditional antivirus and forensic tools to detect. The report states that attacks typically begin with Telegram-based social engineering: attackers impersonate employees of trading firms and lure victims into installing malicious software using forged Calendly and Picktime links, ultimately executing the payload without touching the file system.

Ethereum Foundation’s Kohaku Launches Wallet Privacy Integration SDK, Enabling Ethereum Wallets to Integrate Protocols Such as Railgun

According to The Defiant, the Ethereum Foundation’s Kohaku Initiative has released an SDK for integrating privacy protocols into Ethereum wallets. A functional 4337 mempool relay supporting private transactions is now available in version v0.0.1-alpha.21 of the kohaku-eth/railgun integration. This SDK aims to integrate shielded-pool protocols—such as Railgun, Tornado Cash, and Privacy Pools—directly into wallet interfaces, reducing reliance on centralized relay infrastructure. Kohaku has also demonstrated a CLI-based wallet and is advancing integration with production-grade wallets like Ambire, while simultaneously developing post-quantum accounts, multisig support, and hardware wallet compatibility.

Hyperliquid now supports official prediction markets based on off-chain events

Hyperliquid has announced support for official canonical outcome markets based on off-chain events.According to the introduction, these markets will be published by automated news feed software run by validators as part of their daily on-chain operations. Validators will vote on the deployment and settlement of official prediction markets based on factors such as clarity of rules, accuracy of outcomes, and market quality.

Binance Wallet Launches Event Rush Feature, Supporting Trading of Tokens Representing Real-World Event Outcomes

According to an official announcement, Binance Wallet officially launched its new Event Rush feature on May 25, powered by the third-party decentralized protocol 42.space on BNB Chain. This feature enables users to tokenize and trade real-world events—including sports outcomes, cryptocurrency price targets, and news events. Users can purchase event tokens—representing specific event outcomes—using USDT on the BSC chain. They may choose to sell these tokens for profit at any time before the event concludes, or hold them until settlement to receive a share of the entire prize pool proportional to their holdings; upside potential is uncapped. Token prices are dynamically determined by a bonding curve mechanism based on trading demand: the earlier users enter, the larger their share allocation.

KOL: Bitget Shifts to In-House US Stock Product, Supporting Broker Direct Connection and Stablecoin Trading

crypto KOL Kuai.dong posted on X platform, stating that Bitget is abandoning its existing stock token model and switching to an in-house US stock product with direct broker connections. The product will still be presented in the form of US stock tokens, but will offer an experience and liquidity closer to actual US stocks, and will enable stablecoin-based trading, as well as support for stock dividends and cash dividends. Since the end of last year, Bitget has been selectively recruiting employees from internet brokerages, mainly in operations and VIP client relationship management.

Gate upgrades prediction market monitoring and Live features for real-time tracking of trending events and capital flows

crypto asset trading platform Gate has completed a new round of functional upgrades for its prediction market. This upgrade primarily covers modules such as Polymarket monitoring, Live real-time market, and event comment sections, while simultaneously optimizing market dynamics display capabilities to help users more quickly identify trending events and key capital flows. Gate now supports the Polymarket monitoring function, allowing users to directly follow smart money strategies via the "Leaderboard" or monitor specific wallet addresses. The platform currently supports copy trading based on "single position amount," with plans to expand more monitoring methods in the future to enhance strategy replication flexibility and trading efficiency.Meanwhile, the prediction market Live zone has officially launched, aggregating active prediction events and real-time trading dynamics. It supports simultaneous viewing of the latest prices, market trends, and trading changes, helping users instantly capture market hotspots and trading opportunities. Additionally, the platform has introduced an event comment section, allowing users to discuss event trends, outcome judgments, and position strategies, thereby enhancing market sentiment perception and community interaction experience. In the future, Gate will continue to improve the prediction market product ecosystem, driving the deep integration of trading, data, content, and community capabilities.