News linked to both this project and an event.
Hyperliquid has recently significantly outperformed the broader market. Its token, HYPE, hit an all-time high following the launch of two related ETFs in the United States. Meanwhile, European traders are accelerating their migration to the platform due to restricted access to perpetual contracts on regulated exchanges. Market analyst Michael van de Poppe stated that with Hyperliquid's continued rally and renewed interest in AI-related crypto projects, signs of improving risk appetite are emerging in the altcoin market. Hyperliquid’s expansion into tokenized stocks, commodities, and pre-IPO assets is strengthening the on-chain asset tokenization trend. He suggested that if market sentiment continues to improve, HYPE’s price could target $100 or even higher.However, Michael van de Poppe also stressed that while Hyperliquid holds a short-term advantage, Solana offers greater long-term investment certainty, transitioning from a "speculative ecosystem" to institutional-grade infrastructure. In the AI track, he noted that NEAR Protocol and Bittensor remain significantly undervalued, citing a disconnect between their fundamental growth and valuations. He pointed out that NEAR’s revenue growth potential and Bittensor’s subnet expansion could support higher valuation ranges. Additionally, he indicated that the privacy sector retains long-term demand, but fully anonymous systems face regulatory pressure. The future is more likely to be dominated by zero-knowledge proofs and compliant privacy solutions.On the macro level, Michael van de Poppe highlighted that bond yields and central bank policies remain the core drivers of the crypto market, with changes in Japanese government bond yields potentially serving as a key barometer. (CoinDesk)
Grayscale’s latest research report states that Grayscale Research Head Zach Pandl believes tokenized assets and decentralized finance (DeFi), among other blockchain applications, may experience growth as the CLARITY Act advances and related guidance from the U.S. Securities and Exchange Commission (SEC) becomes increasingly clear. Grayscale identifies Ethereum, Solana, BNB Chain, and Canton Network—currently dominant in on-chain financial activities—as likely to attract institutional capital first. The report notes that Ethereum, Solana, and BNB Chain lead in areas such as tokenized assets, stablecoins, and DeFi, while Canton Network also holds a significant share in the tokenized assets space.
a16z Crypto published an article exploring the fundamental contradiction between blockchain “censorship resistance” and “low latency,” pointing out that any Byzantine Fault Tolerant (BFT) blockchain protocol with censorship resistance, where more than one-fifth of validators could be malicious, requires at least 5 rounds of communication for its optimal good-case latency, whereas traditional BFT consensus only requires a minimum of 3 rounds.The article notes that in traditional BFT protocols, the block proposer holds the power for both block construction and consensus progression, allowing them to censor by excluding specific transactions. This is also a major source of the MEV problem. To address this issue, Ethereum is researching FOCIL / EIP-7805, while Solana is exploring mechanisms like Constellation and MCP. The core idea behind these approaches is to have validators proactively collect "Inclusion Lists" of transactions that cannot be ignored before a block is formally proposed.a16z Crypto states that achieving censorship resistance requires two additional rounds of communication: first, user transactions must be broadcast to all validators, and then the validators need to confirm and write these into an inclusion list before the consensus process can begin. Therefore, in a partially synchronous network environment, there is no protocol design that can achieve both BFT and censorship resistance in just 4 rounds; 5 rounds represent the mathematical lower limit.The article emphasizes that while a censorship-resistant mechanism increases protocol latency, it can significantly reduce the "effective latency" users actually experience. In a system lacking censorship resistance, transactions may be indefinitely delayed due to validator censorship. Conversely, in a system with censorship resistance guarantees, transactions will be included in a block within a maximum of 5 rounds of communication, making transaction confirmation times more predictable.
Odaily Odaily News: Flipcash, an app created by Kik founder Ted Livingston, has launched a native stablecoin USDF on Solana, based on Coinbase's "Stablecoin as a Service" platform.According to reports, USDF is pegged 1:1 to the US dollar and fully backed by USDC. Coinbase handles issuance, reserves, and compliance matters. Flipcash has become the first application to use the Coinbase stablecoin-as-a-service platform.It is understood that USDF will primarily be used for cash-like payment scenarios within the Flipcash app. Flipcash is a digital payment application built on Solana, allowing users to create and trade "community currencies" with a fixed supply.Coinbase launched its stablecoin-as-a-service platform in late 2025, aiming to help enterprises issue branded stablecoins without needing to build their own infrastructure. (The Block)
USDF, a custom stablecoin on the Solana blockchain jointly launched by Coinbase and Flipcash, has gone live. It is part of the "Custom Stablecoins" initiative, enabling businesses and protocols to easily issue their own branded USD stablecoins for payments, payroll, cross-border settlements, and more, while maintaining regulatory compliance.
on-chain analyst Specter stated that the hijacking incidents of investor Keith Gill, Matt Furie, and WinRAR accounts on the X platform are all linked to the same hacker organization. This organization has accumulated over $14 million in profits by hijacking accounts to promote tokens and conducting cross-chain money laundering, with funds flowing through five chains: Solana, BNB Chain, Ethereum, Tron, and Hyperliquid.Specter claims the organization may also be connected to a $2.45 million wstETH phishing attack in 2024. The investigation found that hackers used compromised accounts to issue Pepe imitation tokens, incorporating a built-in 2% automatic fee mechanism to generate profits; related fund flows are associated with the bnbshare.fun platform and multiple Solana, Tron, and Ethereum addresses. Analysis also showed that several tokens (including USOR, VDOR, DROID, WCOR, UGOR) were used to inflate market caps before being dumped to zero.
According to Russian financial media RBK, the Moscow Exchange is in discussions with multiple brokers regarding cryptocurrency trading solutions. It is currently testing a 7×24全天候 trading model and digital asset deposit/withdrawal functionality, and plans to launch dedicated cryptocurrency accounts. However, due to constraints imposed by the clearing system’s operating hours, round-the-clock trading is unlikely to be implemented in the short term. Meanwhile, Russia’s “Digital Currency and Digital Rights Bill” has passed its first reading. The bill stipulates that Russian citizens may only purchase cryptocurrencies through licensed intermediaries, and that listed cryptocurrencies must meet stringent criteria—including an average market capitalization exceeding 5 trillion rubles over the past two years, an average daily trading volume exceeding 1 trillion rubles, and a trading history of at least five years. In practice, only major cryptocurrencies such as Bitcoin, Ethereum, and Solana meet these requirements.
The regulatory environment for the crypto industry continues to improve, but macro interest rate risks are dampening market sentiment. The US CLARITY Act has passed the Senate Banking Committee with a 15:9 vote, moving closer to a full Senate vote. The market expects that this bill could provide a clearer regulatory framework for tokenization, stablecoins, and smart contract platforms, potentially accelerating institutional capital inflow.Kavi Jain, Senior Research Associate at Bitwise, stated that the progress of the CLARITY Act is a significant milestone for US digital asset regulation. It is expected to particularly benefit smart contract platforms like Ethereum and Solana, and drive growth in institutional activities related to stablecoins, tokenized funds, and on-chain capital markets.However, the macro environment continues to exert pressure on the crypto market. US April inflation data came in higher than expected, driven primarily by rising energy prices. The market is now even beginning to price in the possibility of another rate hike by the Federal Reserve before April 2027. Meanwhile, the US 30-year Treasury yield has reached 5% for the first time since 2007, indicating growing market concern over long-term inflation risks. Analysts suggest that in a high-interest-rate environment, the appeal of high-risk assets, including Bitcoin, may be suppressed. (CoinDesk)
CME Group announced plans to launch Nasdaq CME Crypto Index futures on June 8, 2026, subject to regulatory review. This will be its first market-cap-weighted futures contract, offered in both micro and standard sizes, and cash-settled. Final settlement will be based on the Nasdaq CME Crypto Settlement Price Index, which measures the performance of the largest and most actively traded cryptocurrencies by market capitalization—currently including BTC, ETH, SOL, XRP, ADA, LINK, and XLM.
CME Group announced plans to launch Nasdaq CME Cryptocurrency Index Futures on June 8, pending regulatory review. The Nasdaq CME Cryptocurrency Index Futures will be the company’s first market-capitalization-weighted futures contract and will be available in both micro and standard contract sizes. These contracts will provide market participants with a capital-efficient way to gain exposure to the top-ranked cryptocurrencies by market capitalization through a single financially settled futures contract. At expiration, the Nasdaq CME Cryptocurrency Index Futures will settle against the Nasdaq CME Cryptocurrency Settlement Price Index, which measures the performance of the most actively traded and liquid cryptocurrencies. As of May 14, the index includes Bitcoin, Ethereum, SOL, XRP, ADA, LINK, and Lumens (XLM).
According to The Block, Matt Hougan, Chief Investment Officer at Bitwise, noted that three enterprise-grade blockchains—Arc (by Circle), Canton Network, and Tempo (by Stripe)—have collectively raised over $1 billion in funding recently. All three funding rounds occurred after the signing of the GENIUS Act in July 2025. Hougan believes this legislation broke a prior regulatory stalemate that had discouraged institutional capital from entering the space. Hougan identified three key signals: First, all three blockchains prioritize native privacy-preserving transactions as a core design feature, addressing institutions’ need for transaction confidentiality. Second, the implementation of the GENIUS Act has significantly reduced regulatory uncertainty; the next critical variable is the pending Clarity Act, from which stablecoins and tokenization infrastructure stand to benefit. Third, these blockchains are backed by top-tier institutions—including Goldman Sachs, Citadel, BlackRock, Stripe, and Visa—marking a stark contrast to Ethereum and Solana, which emerged from grassroots origins. Hougan stated that his firm’s capital remains primarily allocated to native crypto projects, and he believes these emerging enterprise chains will raise the overall competitive bar and attract additional capital inflows.
Odaily Odaily News According to the latest weekly report from Gate Ventures, global markets continued to strengthen last week, driven by the technology sector. Both the S&P 500 and the Nasdaq index hit new record highs, with the S&P 500 gaining 2.36% for the week and the Nasdaq rising 4.52%. In the crypto market, BTC rose 4.6% last week, ETH rose 2.1%, spot BTC ETFs recorded net inflows for the fifth consecutive week, and market sentiment recovered to the neutral range. Additionally, the total market cap of cryptocurrencies excluding the top ten assets increased by 12.6% for the week.On the macroeconomic front, the ISM Services Price Index rose to 70.7, a two-year high, coupled with energy price fluctuations and the Federal Reserve's policy expectation of "keeping interest rates higher for longer," leading to increased market focus on a "stagflation" environment. On the industry level, Payward, the parent company of Kraken, has applied to the OCC for a national trust charter, highlighting the increasingly evident trend of industry compliance. In terms of investment and financing, 10 deals were completed last week totaling $34.2 million, primarily concentrated in the DeFi and infrastructure sectors. Among them, OpenTrade completed a $17 million funding round to accelerate the development of institutional-grade stablecoin yield infrastructure; OnRe secured a $5 million Series A round to advance its Solana-based tokenized reinsurance product offerings.
Sky (formerly MakerDAO) announced on X that the cross-chain bridging of USDS OFT on the Solana network, which was suspended due to the security review of the rsETH vulnerability incident, has resumed operation.Sky emphasized that during the review, its USDS-related contracts and the protocol itself were not affected. USDS has always maintained a fully overcollateralized state as designed, which can be verified in real-time on-chain. The suspension was a precautionary security measure. Currently, the bridging function on the Solana side has been reopened, while the Avalanche-related bridging will resume after further review is completed.
According to the official announcement, the second asset launched on Bitget IPO Prime is preOPAI—a digital token issued by the regulated issuer Republic on the Solana blockchain, designed to mirror OpenAI’s post-IPO economic performance on a 1:1 basis. As the world’s leading consumer AI provider, OpenAI reports approximately 900 million weekly active users, according to official data. Its most recent funding round raised $122 billion, with participants including Microsoft, NVIDIA, Amazon, and SoftBank. Bitget IPO Prime operates on a subscription model, whereby users receive subscription quotas based on their account tier. Upon completion of token allocation, users may trade the tokens on the upcoming spot market. Alternatively, after the lock-up period for preOPAI’s underlying debt assets expires, the issuer will authorize Bitget to convert users’ holdings into either stock tokens or USDT, referencing the underlying company’s (OpenAI’s) publicly traded stock price. IPO Prime Details: • OpenAI Implied Valuation: $898.21 billion • Total IPO Prime Subscriptions: 29,082 • Total Subscription Value: $21,084,450 • Subscription Price: 1 preOPAI = $725 • Accepted Subscription Currencies: USDT or USDGO • Total Subscription Pool Cap: $300,000,000
Wasabi Protocol released a security incident update, stating that the attacker exploited a Spring Boot Actuator configuration vulnerability in its AWS infrastructure to steal private keys controlling EVM smart contracts, and subsequently drained approximately $4.8 million in user funds and $900,000 from the protocol’s treasury—totaling roughly $5.7 million in losses. The attack chain originated from a public-facing analysis server whose Actuator heap dump was not properly password-protected, enabling the attacker to obtain credentials for another server and ultimately gain control of the smart contract private keys. This incident affected only EVM deployments—including certain treasuries on Ethereum, Base, Blast, and Berachain—while Solana deployments and the Prop AMM remained unaffected. No final user compensation plan has been announced yet; however, “ensuring all affected users are compensated” remains the team’s top priority. Updates on the investigation will be shared with the community via Discord.
According to CoinDesk, Jesse Spiro, Head of Government Affairs at Tether, stated at the Consensus Miami 2026 summit that the 2026 U.S. midterm elections will be a critical test of whether Washington’s recent crypto-friendly policies can endure. He noted that although legislative progress has been made—such as with the GENIUS Act—the election outcome could still have a disruptive impact on the industry’s trajectory, emphasizing that “crypto should not be partisan.” Colin McLaren, Head of Government Relations at the Solana Policy Institute, said the industry’s political efforts have now shifted toward “durability,” ensuring Congress continues advancing priority issues like tax reform and developer protections in the future. Mason Lynaugh, Executive Director of Stand With Crypto, stated that the organization’s nearly 3 million members view the election as a “moment of accountability,” and that highly mobilized crypto voters could sway election outcomes in key districts.
according to Gate Ventures' latest weekly report, the global market performance is generally stable, but inflationary pressures and policy divergences are rising simultaneously. The S&P 500 topped the 7,200 mark for the first time. The Fed kept interest rates unchanged but showed major internal divisions. Compounded by volatile oil prices due to supply shocks in the Strait of Hormuz, market expectations of "stagflation" have intensified. Against this backdrop, the crypto market remains in a consolidation pattern, with BTC largely flat and ETH experiencing a slight pullback. ETF fund flows are diverging, and market sentiment remains cautious.At the industry level, the CLARITY Act has clarified the boundaries for stablecoin yields, further promoting a clearer regulatory framework. EURC is seeing rapid growth in Spanish retail payment scenarios, indicating that localized stablecoin applications are coming to market. The Solana ecosystem is advancing its post-quantum signature scheme, Falcon, reflecting the industry's forward-looking layout for long-term security. In terms of investment and financing, 15 deals were completed this week, with a total volume of $167 million, representing a 205% increase week-over-week. The infrastructure track continues to dominate. Among these, Four Pillars completed a Series A funding round to strengthen institutional-grade research and infrastructure capabilities. Belo secured $14 million in a funding round led by Tether, accelerating the expansion of its stablecoin payment network in Latin America. Overall, capital continues to concentrate towards infrastructure and cross-asset platforms, driving the industry's accelerated evolution towards institutionalization and multi-asset integration.
: According to official sources, the Jito Foundation is partnering with Solana Company (NASDAQ: HSDT) to provide institutional-grade Solana infrastructure in the Asia-Pacific region. The two parties will operate BAM validators using Pacific Backbone in Hong Kong, Singapore, Japan, and South Korea. This low-latency infrastructure network supports staking, validation, and trading services in the Asia-Pacific region. Additionally, they will jointly develop an institutional-grade JitoSOL staking product, delivered through Solana Company's consulting service model, to meet the compliance requirements of large capital allocators. The head of the Jito Foundation for the Asia-Pacific region stated that this collaboration aims to combine Jito's market layer technology with Solana Company's regional experience and institutional network, laying the foundation for scalable and compliant participation within the Solana ecosystem.
SoFi Technologies has announced the expansion of its stablecoin, SoFiUSD, to the Solana network, attracted by its low costs, high throughput, and rapid settlement capabilities.Launched in 2025 as a fully reserved US dollar-pegged stablecoin, SoFiUSD was initially deployed on Ethereum, designed to provide banks, fintech companies, and enterprises with near real-time settlement infrastructure available 24/7.As the regulatory framework gradually becomes clearer, banks and financial institutions are accelerating their entry into the stablecoin赛道, competing with major issuers such as Tether and Circle.
Securitize announced partnerships with Jump Trading and Jupiter Exchange to launch a fully on-chain, compliant tokenized stock trading service on Solana. The solution integrates regulatory compliance infrastructure, liquidity support, and distribution channels to build an integrated on-chain securities trading system, accelerating the migration of traditional financial assets onto blockchain.