News linked to both this project and an event.
Polish Sejm Speaker Włodzimierz Czarzasty announced the parliament has officially begun deliberations on four competing bills for crypto asset regulation, following President Karol Nawrocki's two vetoes of related legislation. The review involves legislative proposals from the government, the Presidential Office, the Poland 2050 party, and the Confederation party, with the second reading vote expected on Thursday. Key disagreements center on the scope of the Polish Financial Supervision Authority's (KNF) power to freeze accounts and the maximum penalties for violations. The president's draft sets a maximum fine of approximately 20 million zloty (about $5.5 million), while the Treasury's version raises it to 25 million zloty (about $6.9 million).Meanwhile, the opposition Law and Justice party (PiS), after withdrawing support for an earlier regulatory proposal, submitted a separate bill on Monday advocating for a complete ban on crypto asset-related activities in Poland, further complicating the regulatory debate. Speaker Czarzasty stated that the PiS ban draft will enter the deliberation process only after the four main regulatory bills are completed, and questioned the links between crypto industry funds and political activities, specifically naming potential political funders including zondacrypto. (The Block)
crypto research institution Delphi Digital has released its latest report, "How Far Can Saylor Stretch It," providing a systematic analysis of Strategy's Bitcoin (BTC) capital expansion mechanism. It indicates that the company's financing structure is transitioning from a phase of "low-cost accumulation" into one of "diminishing marginal efficiency."The report shows that within the current asset accumulation system centered on Bitcoin, STRC has become the core financing tool for Strategy's continued BTC purchases. Initially, the company relied on a significant premium in MSTR's stock price (with mNAV far exceeding BTC's net asset value) to create a positive cycle where "issuing shares meant increasing holdings." However, as valuations have receded to approximately 1.24 times the base mNAV of enterprise value, the BTC-per-share accretion effect from common stock issuance is approaching a break-even point.Meanwhile, while convertible bonds have played a crucial role historically, they have accumulated a principal of approximately $8.2 billion and face concentrated repayment pressure after September 2027, putting long-term strain on the sustainability of the financing structure.STRC provides Strategy with a continuous source of financing—used to maintain its BTC buying pace—by offering yield-seeking investors an approximately 11.5% annualized monthly dividend. However, this mechanism also introduces ongoing cash flow obligations, meaning that each round of financing simultaneously builds future dividend burdens while increasing BTC assets.The report emphasizes a key risk scenario: if BTC's price remains stagnant and MSTR's premium fails to recover, the "gains from STRC-financed coin purchases" could be progressively offset by "common stock dilution and dividend obligations." Although the company's approximately $2.25 billion cash reserve can cover its roughly $1 billion redemption pressure in 2027, its larger debt and dividend structure in 2028 remains unresolved.Furthermore, STRC's current authorized issuance limit of approximately $28.3 billion serves as a critical constraint. Once this limit is reached, the capacity for new BTC purchases may slow, yet existing dividend obligations will persist—thereby altering the overall dynamic growth trajectory of BTC per share.
JUST officially released its weekly report, highlighting robust performance across the JUST ecosystem from May 5 to May 11. Total Value Locked (TVL) reached $12 billion, accounting for 41.79% of the TRON DeFi market. The lending market remained highly active, with total deposits surpassing $3.8 billion. Meanwhile, the cumulative JST token burn ratio has reached 13.70%, further amplifying its deflationary effect. While offering users diversified yield options—including sTRX and USDD—the platform continues optimizing the supply-demand balance of asset allocation. This transparent and efficient mechanism execution, coupled with consistent long-term value returns, not only underscores JUST’s stable operational strength as a core TRON DeFi protocol but also establishes a resilient, long-term value system for users.
According to The Block, the U.S. Senate Committee on Banking has released an updated 309-page version of the Clarity Act, scheduled for review and vote later this week. The new text includes language restricting stablecoin rewards and incorporates provisions from the Blockchain Regulatory Certainty Act, clarifying that non-custodial developers are not considered money transmitters. Coinbase—which had previously withdrawn its support due to controversy over the stablecoin rewards provision—has now reversed its position and endorsed the bill; however, banking industry groups still deem the restrictions insufficient. Meanwhile, the bill still lacks ethics-related provisions targeting digital asset-related benefits received by the President and other federal officials. Democratic lawmakers have stated that, absent such compromises, the bill is unlikely to gain their support.
CleanSpark Releases First-Quarter Fiscal Year 2026 Financial Results: Revenue for the quarter totaled $136.4 million, down 24.9% year-on-year; net loss was $378.3 million, compared to a net loss of $138.8 million in the same period last year; adjusted EBITDA was negative $241.2 million. Meanwhile, the company stated that contracted power capacity doubled year-on-year, including 585 MW of ERCOT-approved capacity; Bitcoin holdings increased 14% year-on-year; and average monthly hash rate rose 18% year-on-year. As of March 31, 2026, CleanSpark held $260.3 million in cash, $925.2 million in Bitcoin assets, and total assets of $2.9 billion.
the Ethereum Foundation has disclosed the outcomes of a recent interoperability meeting among core developers held in Svalbard, Norway, and provided an update on the key technical progress of the next upgrade phase, "Glamsterdam." During the meeting, multi-client teams collaborated on network scaling and execution layer optimization, making progress in several areas. Developers confirmed that a "credible path" post-Glamsterdam has been agreed upon, based on the combined results of ePBS, BAL optimizations, and the EIP-8037 repricing mechanism.On the execution layer side, ePBS (External Proposer Separation) has been running stably on the multi-client Glamsterdam-devnet. The external block builder process has completed end-to-end testing, covering nearly all client implementations. Meanwhile, EIP-8037 has been finalized, establishing the fixed cost_per_state_byte model and completing the full repricing parameter output on bal-devnet-6.The expansion track "Hegotá" has also made progress. FOCIL-related prototypes now have operable implementations. The scope of requirements for Account Abstraction (AA) has been defined, and the next phase will move to multi-client devnet verification. Current development efforts remain focused on the final delivery of Glamsterdam, while simultaneously advancing the Hegotá expansion design and the subsequent Strawmap roadmap evolution. The devnet is now live, and features like FOCIL are expected to be further deepened in the next phase of testing.At an organizational level, this interop meeting also marked the official start of leadership restructuring within the Protocol Cluster. The new leads include Will Corcoran, Kev Wedderburn, and Fredrik. Will Corcoran will oversee zkVM proofing and post-quantum consensus coordination, Kev Wedderburn will lead zkEVM research and development, and Fredrik will be responsible for protocol security and the Trillion Dollar Security project. Former Protocol Cluster leadership team members Barnabé Monnot and Tim Beiko will gradually step back from management roles, while Alex Stokes is entering a sabbatical cycle. The Foundation stated that during their tenure, the Protocol team successfully advanced modularization and drove the Fusaka upgrade to launch (December 2025), introducing PeerDAS and increasing mainnet gas capacity.
According to JIN10 Data, U.S. President Trump rejected Iran’s latest ceasefire proposal, calling it “completely unacceptable.” Iran subsequently responded that it would not draft proposals solely to please Trump. As a result, market risk aversion intensified: WTI crude oil opened 3% higher at $98.44 per barrel, the U.S. dollar strengthened, and futures on the three major U.S. stock indices fell by approximately 0.3%. Meanwhile, the United Kingdom and France are spearheading discussions among over 40 countries regarding naval escort missions for vessels transiting the Strait of Hormuz following the establishment of a stable ceasefire. Israeli Prime Minister Netanyahu stated that military operations against Iran have not yet concluded, while Iran warned that any deployment of foreign warships in the Strait of Hormuz under the pretext of “protecting shipping” would be regarded as an escalation of hostilities.
According to The Block, Julio Moreno, Research Director at on-chain analytics platform CryptoQuant, released a report on May 8 stating that Bitcoin has surged over 20% since early April, reaching a three-month high. However, the firm characterizes this rally as a “bear market bounce” and warns that profit-taking pressure may intensify further. On the data front, Bitcoin holders’ daily realized profit reached 14,600 BTC on May 4—the highest level since December 10, 2025. Meanwhile, the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) has remained consistently above 1.00 since mid-April, indicating the market has entered a sustained profit-taking phase. On a 30-day rolling basis, holders’ net realized profit turned positive at +20,000 BTC—the first time since December 22, 2025—after net losses plunged as deep as -398,000 BTC between February and March. Nonetheless, Moreno notes that the current net profit level of +20,000 BTC remains far below the historical 130,000–200,000 BTC threshold typically required to confirm a bull market transition, reinforcing the view that this is a “bear market bounce” rather than a structural trend reversal. Additionally, the current unrealized profit ratio stands at approximately 18%; historical experience shows that when this indicator rises to elevated levels, holders tend to sell to lock in gains, increasing correction risk.
LayerZero Labs posted on platform X, stating that the internal RPC used by LayerZero Labs had been attacked by the Lazarus Group over the past three weeks, compromising the true source of its DVN (Decentralized Verifier Network). Meanwhile, external RPC providers experienced DDoS attacks. The incident affected 0.14% of applications and approximately 0.36% of asset value. LayerZero Labs stated that assets are currently secure, and over $9 billion in funds have been bridged through the protocol since April 19.In response to the security risk, LayerZero Labs has ceased providing services for its DVN in a 1/1 configuration. Default configurations for all pathways will migrate to a multi-DVN model of at least 3/3 or 5/5 signatures. Additionally, regarding an incident from three years ago where a multi-sig holder mistakenly used a hardware wallet for personal transactions, LayerZero Labs has removed that signer and replaced the wallet, while developing a custom OneSig multi-sig system. LayerZero Labs advises developers to lock configurations to avoid reliance on default settings and plans to launch an asset management platform, Console, to enhance security monitoring.
Odaily Bitcoin mining company TeraWulf announced its Q1 financial report, showing that its high-performance computing (HPC) business has surpassed Bitcoin mining revenue for the first time, marking a critical phase in the company's transition to AI and cloud computing infrastructure. The company's total Q1 revenue was $34 million, roughly flat compared to the same period last year. HPC leasing revenue reached $21 million, exceeding digital asset mining revenue of less than $13 million for the first time, becoming the primary revenue source.The financial report also showed that the company's net loss widened to $427.6 million, primarily due to non-cash warrant revaluation. However, CFO Patrick Fleury emphasized that the company is shifting from "volatile mining revenue" to "stable long-term computing power contract revenue."Currently, 60MW of HPC capacity at TeraWulf's Lake Mariner data center in New York has begun generating revenue, with plans to continue expansion within the year. Meanwhile, the company is retrofitting some of its mining infrastructure into AI/HPC computing resources to support hyperscale computing demand. This trend continues to spread across the industry, with Bitcoin miners like Riot Platforms also diversifying their revenue structures through data center and AI contracts, gradually transitioning into "computing infrastructure companies." (The Block)
According to official announcements, xStocks—a tokenized U.S. equities platform—has launched its Unified Execution Layer, xChange, on Mantle. Powered by Atomic RFQ, xChange locks in optimal pricing and delivers deep liquidity—ensuring no partial fills and zero slippage. Users can now trade 10 tokenized U.S. equities—including Tesla (TSLAx), NVIDIA (NVDAx), Apple (AAPLx), and Meta (METAx)—24/7 via the Fluxion platform, with TradFi liquidity during market hours and on-chain liquidity outside of market hours—no waiting required. Meanwhile, from issuance through trading to redemption, Mantle is building a unified distribution layer by integrating Bybit’s CeFi liquidity, Fluxion’s DeFi execution, and xStocks’ Atomic RFQ into a composable stack—delivering a CeDeFi-standard experience engineered for institutional-grade precision trading.
Bitcoin briefly approached the key 200-day simple moving average (SMA) around $83,300 on Wednesday but failed to achieve a decisive breakout, subsequently falling back below $81,000. Meanwhile, the broader crypto market weakened, with the CoinDesk Smart Contract Platform Index falling over 2% in the past 24 hours, making it the worst-performing major sector. The 200-day moving average is widely regarded by the market as a key indicator for measuring long-term trends. If BTC can hold above this level, it would further reinforce the market narrative that the bear market, which saw prices fall below $63,000 in February, has ended and a new bull market has begun.However, a similar situation occurred historically in March 2022, when Bitcoin briefly broke above and tested the 200-day moving average before ultimately falling to around $20,000 by June of that year. As a result, some analysts are warning of the risk of a "fakeout."Analytics firm Marex stated that Bitcoin's ability to continue its upward trajectory depends on three factors: sustained spot buying pressure, a continued tightening of exchange supply, and a derivatives market that remains healthy without overheating. If all three factors align positively, Bitcoin could quickly open up the path towards the $85,000 range. Alex Kuptsikevich, Chief Market Analyst at FxPro, noted that this pullback appears more like a brief consolidation within an uptrend rather than an end to the trend. However, he also cautioned that the daily RSI had previously entered overbought territory, and similar instances in the past were accompanied by significant corrections.Additionally, the 10-year US Treasury yield has fallen to 4.32% from its early-month high of 4.46%, which is viewed as a potential positive factor for risk assets. (CoinDesk)
According to Bloomberg, traditional Wall Street financial institutions—including JPMorgan Chase & Co. and BlackRock Inc.—have recently posted dozens of job openings related to digital assets, standing out as one of the few employment bright spots amid the ongoing crypto market downturn. Meanwhile, cryptocurrency firms such as Coinbase Global Inc. are conducting large-scale layoffs. The report notes that job seekers with Wall Street experience are facing relatively more favorable employment opportunities in the current market environment.
According to Bloomberg, American Bitcoin Corp., a bitcoin mining company backed by the Trump family, released its Q1 2026 financial results, reporting a net loss of $82 million—worsening from a $59 million loss in the previous quarter (Q4 2025), marking its second consecutive quarter of losses. Meanwhile, the company’s Q1 revenue stood at approximately $62 million, down roughly 20% year-on-year, primarily due to a decline in average bitcoin mining revenue per coin. Headquartered in Miami, the company was founded just before bitcoin’s price retreated from its all-time high.
Decentralized prediction market platform Polymarket has officially launched its Deposit Wallets feature. Newly registered users will automatically receive a dedicated deposit address. As this feature rolls out fully, the existing “ghost fills” issue is expected to gradually diminish. Meanwhile, the team continues to monitor system performance to ensure stable operation.
: South Korea's crypto industry has expressed strong concerns over proposed amendments to anti-money laundering (AML) regulations, arguing that the rules could impose excessive compliance burdens on Virtual Asset Service Providers (VASPs).According to Yonhap News Agency, the Digital Asset eXchange Alliance (DAXA), representing 27 VASPs including Upbit, Bithumb, Coinone, Korbit, and Gopax, submitted comments opposing the classification of all overseas virtual asset transfers exceeding 10 million won (approximately $6,800) as suspicious transaction reports.DAXA warned that this rule could cause the number of suspicious transaction reports from South Korea's top five exchanges to skyrocket from approximately 63,000 last year to over 5.4 million—an increase of about 85 times—severely impacting the efficiency of actual compliance execution. Furthermore, the industry also opposes a new obligation requiring exchanges to verify the accuracy of customer information, arguing it exceeds the scope of current legal authorization.South Korea's Financial Services Commission (FSC) and Financial Intelligence Unit (FIU) proposed the relevant amendments on March 30, which have now entered a public comment period, with final deliberation expected to be completed in July.Meanwhile, legal disputes between Korean exchanges and regulators over AML penalties continue. Multiple platforms are challenging previous business restrictions and fines through the courts, reflecting an escalating tension between regulatory tightening and the industry's execution capabilities. (Cointelegraph)
A countersuit filed by World Liberty Financial has been submitted to a Florida state court, accusing Justin Sun of defamation and claiming he launched a "systematic pressure campaign" against the project. The case stems from a long-standing dispute between the two parties over token freezes and fund control. World Liberty Financial stated that Justin Sun's previous public accusations and related statements on social media constitute defamation. Meanwhile, Sun had previously filed a lawsuit accusing the project of illegally freezing approximately $240 million worth of his token assets. (Fortune)
stablecoin infrastructure startup Rain is now valued at $1.95 billion and has announced a partnership with payment giant Mastercard to issue credit and prepaid cards, while also exploring the use of stablecoins for payment settlements. Previously, Rain primarily relied on the Visa network for its card products. This collaboration with Mastercard marks its entry into a "dual-card network" strategy, further expanding its institutional client market. Rain stated that the partnership will focus on serving large institutional clients already deeply integrated with a single payment network, enabling them to introduce stablecoin settlement capabilities without altering their existing payment systems.Meanwhile, the application of stablecoins continues to expand across the industry, with institutions such as Stripe and Coinbase actively promoting the integration of stablecoin payments and settlements. This indicates that the convergence of traditional finance and crypto payment infrastructure is accelerating. Analysts suggest that as regulatory frameworks gradually become clearer, stablecoins are rapidly transitioning from trading tools to enterprise payment and cross-border settlement infrastructure. (Fortune)
Garrett Jin, the agent of “1011 Insider Whale,” authored an analysis stating that Trump’s so-called “Project Freedom” is not a signal of risk mitigation but rather a “fuse” for a new wave of uncertainty. Although the market interprets it as a de-escalation and has driven risk assets higher, its underlying structure more closely resembles a “limited engagement + potential response” strategic framework. This initiative primarily maintains maritime security through coordination of shipping lanes, insurance support, and military readiness—rather than direct naval escort—potentially amplifying market reactions once triggered by specific events. Meanwhile, multiple factors—including energy inventory pressures, heightened regional military deployments, shifts in policy and legal environments, and tightening diplomatic channels—are converging. Individually, these variables do not constitute definitive signals; however, their concentration within the current time window may elevate market volatility risk. Overall, investors are advised to maintain caution and adopt hedging strategies, closely monitoring how macroeconomic and geopolitical variables could potentially disrupt market sentiment.
North Korea has denied allegations of its involvement in cryptocurrency theft, calling the claims "absurd slander" and a "political tool." The statement, issued by state-run media, emphasized that necessary measures will be taken to safeguard national interests. However, data from blockchain analytics firm TRM Labs shows that in the first four months of 2026, hacker groups linked to North Korea have stolen approximately $577 million, accounting for about 76% of global crypto theft losses during the same period. This includes two major attacks on KelpDAO (approximately $292 million) and Drift Protocol (approximately $285 million).TRM pointed out that the attacks are primarily associated with the Lazarus Group and its sub-organizations. Since 2017, the cumulative scale of crypto theft linked to North Korea has exceeded $6 billion.U.S. and international agencies widely believe that such funds are used to support military and missile programs. Meanwhile, the U.S. Treasury Department has recently imposed sanctions on relevant individuals and entities, targeting approximately $800 million in illicit fund flows in 2024. (The Block)