News linked to both this project and an event.
U.S. Treasury Secretary Bessent stated at a Senate Finance Committee hearing that the Treasury Department is advancing President Trump's executive order to establish a strategic Bitcoin reserve with "deliberate speed," emphasizing the adoption of "best practices" to ensure the long-term sustainability of the mechanism. Bessent noted that the strategic Bitcoin reserve is a new frontier and its implementation is relatively complex, so the government is carefully developing the custody and management framework. Currently, the U.S. government holds approximately 328,400 Bitcoins, valued at around $20.6 billion, primarily obtained from criminal and civil asset forfeitures.Additionally, Bessent called on Congress to advance the digital asset market structure bill, the CLARITY Act, which he believes is crucial for maintaining the U.S.'s leading position in digital asset innovation. The bill aims to clarify the regulatory framework for digital assets and define when crypto tokens fall under securities or commodity regulations. Relevant legislation has now entered the Senate review process. (Decrypt)
Ivan Chebeskov, Deputy Minister of Finance of Russia, stated that the ministry does not wish to allow dollar-denominated stablecoins to circulate in the Russian market.Chebeskov pointed out that issuers of foreign stablecoins like USDT and USDC have the capability to freeze wallet assets held by users. Once such wallets engage in transactions with platforms licensed by the Central Bank of Russia, the risk of asset freezes for holders will significantly increase. He revealed that dollar stablecoins held by Russian legal entities have previously been frozen by issuers, while no similar incidents have occurred with Bitcoin and Ethereum due to the lack of relevant technical means.The Russian Finance Ministry believes it is necessary to establish a regulatory framework specifically for stablecoins, prioritize supporting the development of stablecoins pegged to the ruble and currencies of friendly nations, and grant the Central Bank of Russia the authority to adjust the list of related assets. (Bits.media)
Odaily news, US Treasury Secretary Scott Bessent stated at a Senate Finance Committee hearing that the Treasury Department is steadily advancing the establishment of a strategic Bitcoin reserve. Meanwhile, Scott Bessent urged lawmakers to support the digital asset regulatory bill "Clarity Act" and expressed hope that it would pass this summer, in order to bring US best practices home and make America the world’s innovation capital.Regarding the strategic Bitcoin reserve, Scott Bessent noted that while the process is complex, it is moving forward, ensuring the adoption of best practices amid the complexities so that it can be sustainable in the future. (The Block)
prediction market platform Kalshi announced on platform X that Bitcoin perpetual contracts are now officially online. This marks the first U.S. regulatory-approved Bitcoin perpetual contract product. The product is a perpetual contract referencing the spot price of Bitcoin and is classified as a futures contract. The U.S. Commodity Futures Trading Commission previously stated that, following review, the BTCPERP contract complies with the Commodity Exchange Act and relevant regulatory requirements, including the core principles applicable to Designated Contract Markets (DCM).
Odaily Bitcoin News posted on X platform, stating that the SEC has listed digital assets as a strategic priority before 2030, calling for a clear regulatory framework for blockchain, tokenization, custody, trading, staking, and crypto market infrastructure. The SEC stated that blockchain technology has the potential to revolutionize U.S. financial infrastructure and acknowledged that innovation and development have outpaced existing regulations. The plan also calls for clearer delineation of the regulatory boundaries between the SEC and the CFTC, which is a key issue for Bitcoin and the broader digital asset industry. After years of regulatory uncertainty, the SEC has now officially positioned digital assets as part of the future of U.S. capital markets.
Bitwise Chief Investment Officer Matt Hougan stated that as U.S. stocks continue to rise, AI stocks attract significant capital, and the regulatory outlook for the U.S. "Clarity Act" remains uncertain, crypto assets are transitioning from past momentum trading to longer-term fundamental "contrarian bets."Hougan pointed out that against the backdrop of the Nasdaq 100 index rising 43% year-over-year and AI concepts dominating market attention, the appeal of allocating crypto assets for institutional investors has diminished. However, this does not mean the crypto industry is disappearing; rather, the investment logic is changing, requiring a longer-term perspective and stronger fundamental judgment.He also noted that the current "crypto winter" differs from the past, as funds are no longer simply flowing into large-cap assets like Bitcoin but are beginning to reward projects with independent fundamental narratives. For instance, Hyperliquid, BNB, Zcash, and Stellar have all seen notable gains recently, indicating that the market is placing greater emphasis on the actual progress and differentiated logic of specific projects.
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.
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 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 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, 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.
Prediction market platform Kalshi has submitted a self-certification application to launch derivatives linked to Ethereum, XRP, Solana, Dogecoin, Stellar, Chainlink, Bitcoin Cash, Litecoin, Sui, Shiba Inu, Polkadot, and Hedera. This follows the CFTC's approval of Bitcoin perpetual futures last Friday. The CFTC stated that perpetual futures products that US companies intend to list, other than Bitcoin, will be reviewed on a case-by-case basis, and noted that the design of such derivatives may not be suitable for all asset classes. Therefore, this batch of products submitted by Kalshi has not yet been approved.
market analysts have pointed out that if Elon Musk's proposed merger between SpaceX and Tesla proceeds, SpaceX may need to issue new shares equivalent to 94% of its current outstanding shares to acquire Tesla, increasing the total share count to approximately 8 billion. However, the financial logic of the transaction faces challenges. Tesla's GAAP net profit over the past 12 months has dropped from $15 billion in 2023 to $3.9 billion. After excluding regulatory credit revenue and Bitcoin gains, its core operating profit stands at only about $2.3 billion.Analysts believe that this transaction may essentially be an attempt to use a high-valuation asset to acquire another similarly overvalued company, leaving significant uncertainty regarding its long-term profitability and cash flow performance. The combined company's valuation could reach $3.4 trillion, with SpaceX estimated at $1.75 trillion and Tesla's current market cap around $1.65 trillion. Musk may be leveraging the high valuation from SpaceX's impending IPO to support Tesla, which is under earnings pressure. (Fortune)
Galaxy stated in March this year, the New York State Supreme Court quietly accepted a lawsuit seeking to confirm the ownership of over 3.7 million Bitcoin (worth approximately $274 billion) associated with 39,069 Bitcoin addresses. This includes addresses belonging to Bitcoin creator Satoshi Nakamoto (a total of 21,744 addresses holding 1.09 million Bitcoin, valued at $83.7 billion at current prices).The plaintiff is Noah Doe (a pseudonym) and two unnamed Wyoming limited liability companies. Noah Doe requests the New York State Supreme Court to declare, via a declaratory judgment action (New York Civil Practice Law and Rules Section 3001) under the New York State Abandoned Property Law (Personal Property Law Article 7-B), that they possess ownership of these dormant addresses.In short, they seek a ruling from a New York court that the Bitcoin belonging to founder Satoshi Nakamoto (along with many other lost Bitcoin addresses) constitutes abandoned property. They argue they are entitled to legal ownership by virtue of "finding" these cryptocurrencies. From June 30 to July 10, 2025, they sent "disclaimer notices" to each found address via OP_RETURN.However, even if they win the case entirely, they will ultimately only obtain a court declaration. They will not receive any private keys, nor will they be able to transfer any Bitcoin from these addresses. But Galaxy states that the true value of the New York ruling lies in its ability to act as a "cloud on title." If these Bitcoins ever appear on any regulated platform, plaintiff Noah Doe could use this document to file a claim with an exchange or custodian.
According to independent analyst Markus Thielen, Bitcoin is down 16% year-to-date and is entering its historically seasonally weak June window—over the past decade, June’s average return has been just +0.7%. However, this year’s May rally significantly underperformed the historical average, raising the probability of a seasonal reversal. Meanwhile, several catalysts are set to materialize soon, including U.S.-regulated crypto perpetual futures products and Nasdaq CME Crypto Index Futures (scheduled for launch on June 8). If these bring new buying support, Bitcoin could stage a short-term rebound.
According to CoinTelegraph, Kraken announced on May 30 that it plans to launch CFTC-regulated Bitcoin perpetual futures contracts via its subsidiary Bitnomial exchange within the next 30 days, targeting U.S. institutional clients. Earlier the same day, the CFTC formally approved perpetual futures contracts linked to the Bitcoin spot price, with KalshiEX becoming the first exchange to receive approval for listing such products. Meanwhile, Coinbase Financial Markets swiftly followed suit, leveraging Deribit—the world’s largest crypto options exchange, which it acquired in August 2025—to provide U.S. institutional clients with access to global crypto options and perpetual futures markets.
Kraken has announced plans to launch CFTC-regulated perpetual futures contracts in the United States within the next 30 days. The exchange stated that, upon approval, the relevant contracts will be listed on Bitnomial Exchange; Bitnomial is a CFTC-regulated exchange recently acquired by Kraken's parent company, Payward. Kraken said it submitted an application on Friday and indicated that US customers will soon be able to trade perpetual futures on Kraken Pro. As of early Sunday morning, no application specifically for Bitcoin perpetual futures had been identified in Bitnomial's recent CFTC filings. On April 17, Payward announced it would acquire crypto derivatives platform Bitnomial for up to $550 million to offer its perpetual futures products to Kraken Pro clients. Previously, the CFTC had approved KalshiEX to trade Bitcoin perpetual futures contracts, and Coinbase Financial Markets also began providing US institutional clients with access to global crypto options and perpetual futures markets through regulated futures commission merchant Deribit. (cointelegraph)
According to a report by Forbes, JPMorgan CEO Jamie Dimon stated that the U.S. crypto market structure bill—the Clarity Act—allows crypto companies to offer deposit-like interest yields on products such as stablecoins, but without corresponding protections; such arrangements “could ultimately collapse,” and he personally will not participate in them. The report notes that disagreements between banks and crypto firms over whether stablecoin accounts may offer interest-like rewards persist, and the likelihood of the Clarity Act passing this year has dropped from nearly 70% to just above 50%. Affected by this uncertainty, Bitcoin recently fell below $76,000.
the Qingdao Licang District Procuratorate issued an announcement stating that the defendant, surnamed Zhang, took advantage of an opportunity to register a virtual currency wallet on behalf of the victim to obtain the seed phrase, and subsequently transferred 107 Bitcoins from the victim, surnamed Feng, in multiple batches during the early morning hours. Zhang then layered the transfers through various virtual currency trading platforms, converting the Bitcoin into over 660,000 RMB. The Qingdao Licang District People's Court sentenced Zhang to 10 years and 9 months in prison and imposed a fine of 100,000 RMB for the crime of theft in the first instance.After the defendant appealed, the Qingdao Intermediate People's Court ruled to dismiss the appeal and uphold the original verdict. The case determined the theft amount based on the actual illegal proceeds from the sale, totaling over 660,000 RMB. (Shandong Legal Daily)
the U.S. Department of State announced the designation of two Brazilian organizations, Comando Vermelho (CV) and Primeiro Comando da Capital (PCC), as "Specially Designated Global Terrorists (SDGTs)." They plan to officially designate them as "Foreign Terrorist Organizations (FTOs)" starting June 5, 2026. These organizations have been accused of using digital currencies for money laundering, with PCC reportedly using Bitcoin mining as a cover for laundering funds.Previously, Brazil passed a new law in March of this year allowing confiscated crypto assets to be used for public safety expenditures. This move marks Brazil's shift in viewing crypto assets from a potential reserve tool to law enforcement resources, strengthening efforts to combat crimes by PCC, CV, and other organizations, while advancing the judicial system's capabilities in regulating and disposing of digital assets.