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According to BIT Official Chinese (@BITofficial_CN) analysis, the current crypto market faces dual pressure from the Federal Reserve's hawkish stance and the slowed progress of the CLARITY Act. Federal Reserve Chair Kevin Warsh maintains a hawkish stance; the 2-year US Treasury yield has risen cumulatively by approximately 35 basis points since late January, and the Committee has seen a pattern of 9 votes to maintain interest rates and 3 votes supporting rate hikes. Regarding the CLARITY Act, prediction markets indicate a mere 32% probability of it being signed by the end of 2026, with the legislative window continuing to narrow. Meanwhile, crypto market trading volume has retreated 80% from highs, total market cap has fallen approximately 50%, and USDT and USDC have shown no significant expansion since November 2025, reflecting an overall lack of new USD liquidity in the market. Despite this, Bitcoin remains within the $62,000 to $66,000 range, correcting only about 3% over the past week. It demonstrates stronger resilience compared to most altcoins, reflecting that active position adjustment pressure has been largely released. BIT points out that if Bitcoin subsequently regains $70,000 and drives multiple indicators to turn bullish, it will further confirm that the low point of this cycle has been established.
According to Decrypt, a report released by the Consumer Federation of America (CFA) shows that estimated losses from cryptocurrency fraud in the US in 2025 reached as high as $80.7 billion, approximately 7 times the amount actually reported to the FBI ($11.37 billion). Based on 2017 Bureau of Justice Statistics survey data, the CFA extrapolated unreported losses using a 7.1x multiplier. Investment fraud was the largest single category, with estimated losses reaching $61.4 billion, a year-on-year increase of 32%; losses were particularly severe for the group aged 60 and above, with losses from crypto fraud alone reaching $4.4 billion. Currently, US law enforcement agencies have taken multiple actions, including the FBI's "Operation Level Up" which has prevented approximately $500 million in losses, and the Department of Justice has also seized over $25 million in crypto assets involved in fraud.
Perplexity CEO Aravind Srinivas tweeted that GLM is a severely underrated model, demonstrating performance close to Opus-level at the 700B parameter scale with extremely high operational efficiency. Previously, Moonshot AI just released the open-source model Kimi K3, and industry attention on the GLM series models under Zhipu AI is rising.
a US Senator has released a new draft of the Digital Asset Market Clarity Act (Clarity Act), merging two previously advanced versions from the Senate Banking Committee and the Senate Agriculture Committee, and for the first time, includes content related to ethics clauses. The ethics clause in the new draft proposes to prohibit senior government officials from sponsoring or issuing their personal cryptocurrencies. The bill has not yet been fully advanced, and it remains uncertain whether the key provisions will receive bipartisan support.
Odaily news "On-chain detective" ZachXBT posted in his personal channel, stating that Telegram continues to allow scam advertisements to be displayed to subscribers in his channel, impacting user experience and posing potential security risks.ZachXBT stated that if users are Telegram Premium members and wish to support upgrading his channel, they can help it reach the required level by using the channel's Boost function, thereby unlocking the ability to disable ads. Currently, the channel needs to reach Level 50 to enable the ad-disabling option.ZachXBT has long focused on scams, hacker attacks, and on-chain fund tracking within the crypto industry, and has repeatedly exposed incidents involving phishing attacks, fake projects, and fund theft.This time, he raised concerns about Telegram's advertising mechanism, arguing that the platform allowing scam advertisements to appear in crypto community channels may increase the risk of users encountering malicious links and fraudulent activities.
According to official announcements, Strategy announced that the company has entered into a strategic partnership with InsuranceMarket.ae to support the latter in advancing its initiatives related to artificial intelligence and data-driven decision-making.
Gate Card has partnered with Printemps Paris to launch in-store shopping benefits. From July 10, 2026, to October 9, 2026, eligible Gate Card members visiting the Printemps Haussmann flagship store for the first time can enjoy a 5% welcome shopping discount. Additionally, from July 1, 2026, to August 31, 2026, Printemps Paris is running a summer tax refund promotion, offering tiered refund rates based on spending: 12% tax refund for spending up to €2,000, 13% for up to €4,000, 14% for up to €7,000, 15% for up to €10,000, and a maximum of 16% for spending over €10,000.Furthermore, Gate Card users who spend over €188 at the Printemps Haussmann flagship store will receive a Machi Machi beverage gift. Gate VIP Level 5 and above users visiting the store for related services can, depending on on-site arrangements, enjoy personal shopping assistant services to help understand the store's shopping process, brand information, and how to use the benefits. Meanwhile, Gate Card has launched a points system, creating a new user incentive mechanism centered on cashback, point redemption, and tier progression. Users can enjoy up to 8% cashback, with a maximum of 150 USDT per transaction and 400 USDT per month. This partnership enriches the application scenarios of Gate Card in overseas offline consumption. Gate will continue to expand global shopping, travel, and payment-related benefits in the future, providing users with more cross-border consumption convenience.
: According to official sources, the BNB ecosystem prediction market platform predict.fun has announced the launch of an institutional-level block trading feature. It offers off-chain matching and on-chain settlement services for large transactions on the platform, supporting institutional users in conducting large-scale prediction market trades. Through a dedicated matching service, buyers and sellers can directly match with counterparties and complete large orders via single peer-to-peer (P2P) transactions, avoiding issues such as slippage, insufficient liquidity, and position exposure found in traditional order book trading. It is reported that predict.fun will waive all over-the-counter (OTC) trading related fees for the next two weeks.
The latest report released by Wintermute shows that cooling AI trading has triggered market sector rotation, with the Nasdaq Index falling for the fifth consecutive trading day, down 4.5% in a single day, and the semiconductor sector under significant pressure; Bitcoin fell 5.9%, dropping below $60,000 to around $59,300, while Ethereum fell 7.9%. The U.S. May Personal Consumption Expenditures Price Index (PCE) rose year-on-year to 4.1%, reinforcing expectations of higher rates for longer, and a stronger U.S. dollar also exerted pressure on crypto assets.
Odaily news: The Zcash Foundation has announced the release of Zebra 4.5.1 version update to fix a consensus-critical security vulnerability and strongly recommends that all node operators upgrade immediately. The vulnerability, identified as GHSA-2prc-cj5x-4443, involves a sigops (signature operation count) counting error in P2SH transactions, which could lead to potential consensus fork risks. This fix corrects an incomplete patch in the previously released 4.5.0 version, which was just released yesterday.The Zcash development team stated that the issue stems from discrepancies in sigop counting logic between different implementations, which could cause nodes to produce different results when verifying transactions, thereby affecting consensus consistency on the chain. The fix resolves this by reverting and adjusting the Rust implementation logic to ensure alignment with the expected protocol behavior.The Zcash Foundation emphasized that there is currently no workaround for this issue, and upgrading to 4.5.1 is the only method to ensure nodes remain on the correct chain and avoid potential fork risks.
Bybit has officially launched its new “Hold USD1 to Earn Tokens” campaign. Users only need to complete Level 1 KYC verification and hold at least 1 USD1 in their Bybit account to share daily WLFI rewards—no subscription or lock-up required; rewards are earned simply by holding. The campaign begins on May 19, 2026, at 10:00 UTC. During the campaign period, users can earn up to a 20% annualized return and compete for a total reward pool of up to 45,000,000 WLFI—climbing the USD1 Holding Leaderboard. USD1 is a regulated stablecoin issued by World Liberty Financial, fully backed 1:1 by short-term U.S. Treasury securities and cash equivalents, and strictly pegged to the U.S. dollar. WLFI is the governance token of the World Liberty Financial ecosystem, enabling holders to participate in protocol governance and influence the ecosystem’s strategic direction. In this campaign, WLFI rewards will be distributed daily to USD1 holders on the Bybit platform. During the campaign, the system will take a snapshot of each user’s eligible USD1 balance once every hour—24 snapshots per day. WLFI rewards are expected to be credited to users’ main account funding wallets by approximately 06:00 UTC the following day.
Stani Kulechov, founder of Aave, stated that the next phase of the rsETH technical recovery plan has been completed, and Aave has restored the WETH loan-to-value (LTV) ratio on affected networks to pre-incident levels. Users can now once again use WETH for borrowing, collateralization, debt swapping, and other operations on Aave. According to Aave’s announcement, this restoration applies to the following Aave V3 deployments: Ethereum Core, Ethereum Prime, Arbitrum, Base, Mantle, and Linea.
According to data released by Glassnode on platform X, the relative unrealized loss of Bitcoin long-term holders (LTH) briefly reached approximately 15% in early April. Compared to levels exceeding 75% during historical deep bear market cycles, the impact of this market correction on long-term holders is notably lighter.The analysis points out that while recent price pullbacks have caused some paper losses, the overall pressure remains far below historical cycle lows, indicating that the current decline has not yet posed a substantive test to the conviction of long-term holders. Structurally, this adjustment is more characteristic of mid-term volatility rather than a full-scale cyclical capitulation event.
Coinbase has disclosed the integration of the trading protocol DFlow as its primary transaction router for the Solana ecosystem, enabling users to execute native value exchanges for spot trading and prediction markets on Solana. Coinbase stated that after introducing DFlow, the transaction failure rate for its Solana products dropped from approximately 1/30 to roughly 1/250, an 8-fold reduction. Additionally, the solution has expanded liquidity coverage, making previously untradeable small and mid-cap tokens due to "no liquidity" now tradable, and has optimized user execution prices. (CoinDesk)
WEEX Exchange has announced the upgraded return of its “Futures Mining” campaign—Phase V—running from May 1, 00:00 to May 31, 23:59:59 (UTC+8), live throughout the entire month of May. While retaining the core gameplay—“Trade to Mine, Earn More Fee Refunds with More Trading”—Phase V introduces enhanced rewards: the maximum fee refund rate has increased from 40% to 45%. During the campaign, users receive real-time fee refunds in WXT for every futures trade executed. Users can upgrade their Miner Level—and thereby unlock higher fee refund rates—via any of the following methods: accumulating futures trading volume during the campaign period, sharing the campaign and joining official communities, inviting friends to participate, or earning mining rewards totaling 3,000 WXT. Additionally, users may use WXT rewards earned from “Futures Mining” to participate in WE-Launch for free airdrops of popular new tokens, or stake WXT in WEEX’s Staking program to earn up to 2.5% APY.
The Zcash Foundation officially announced the release of Zebra 4.4.0, which addresses multiple critical consensus-level security vulnerabilities. All node operators are strongly advised to upgrade immediately. The vulnerabilities include a denial-of-service (DoS) flaw that could permanently halt the discovery of new blocks; a signature operation (sigop) counting error in block validation that may cause consensus divergence; abnormal handling of transparent transaction signature hashes; and a memory allocation amplification attack risk. The Zcash Foundation stated that some of these vulnerabilities could cause Zebra nodes to accept blocks rejected by zcashd, potentially triggering a chain fork. Without timely upgrades, nodes risk interruption of block discovery, consensus forks, and amplified resource consumption. No alternative mitigations are currently available.
The core AI suite of the FLOA ecosystem, FloaClaw, has been officially launched in full, simultaneously releasing a multi-scenario AI skills matrix. These features are only accessible to Agents of Level 3 and above.As the core AI tool of the FLOA ecosystem, FloaClaw's usage requires adherence to clear rules: Users need to recharge BNB to obtain compute power-tokens (tokens), with skill consumption increasing along with task complexity; subsequently, FloaClaw will continue to iterate and scale, unlocking more new AI skills and tool modules, while also advancing a creator dividend system. This will allow Agent creators to share in the compute power-token (token) revenue from user skill consumption, and support one-click exchange and withdrawal of BNB, thereby building a sustainable creator economy loop.FLOA is an intelligent Web3 Agent ecosystem platform on the BNB Chain, integrating core capabilities such as data analysis and on-chain automation. Featuring an open incentive mechanism, it serves both as a tool for user empowerment and an efficient growth engine for the Web3 ecosystem.
According to Cointelegraph, the European Central Bank (ECB) has endorsed the EU’s proposal to transfer financial market regulation—including oversight of crypto-asset service providers (CASPs)—from national regulatory authorities to a centralized EU-level regulator.
Crypto analyst Ali published a detailed analysis on X, arguing that rather than debating whether Bitcoin has hit its bottom, market participants should focus on whether the current volatility represents a “generation-defining entry opportunity.” Based on long-term trend lines, on-chain liquidity, and cost distribution metrics, Ali delineates the core “value range” for this cycle. On the support side, the UTXO Realized Price Distribution (URPD) shows a significant concentration of coins in the $63,111–$70,685 range, forming the current primary support zone; if price breaks below $63,111, the market may enter a liquidity vacuum. From a long-term perspective, Bitcoin is approaching the key upward trend line from the past decade (approximately $56,000–$60,000), a level historically associated with accumulation phases preceding major rallies.