News linked to both this project and an event.
the crypto market hopes to shake off months of geopolitical pressure this week. Following a temporary peace agreement between the US and Iran, Bitcoin rose to near $66,000 on Monday, up about 3.5% from Friday. Crypto-related stocks such as Strategy (MSTR) and Galaxy Digital (GLXY) also advanced in pre-market trading.However, the market remains cautious, as past ceasefire agreements have often collapsed. The April truce failed to hold, and last month's US military action broke another round of peace talks, which also dragged down crypto asset prices at the time.This week, the spotlight will shift to the Federal Reserve's interest rate decision. On Wednesday, Fed Chair Kevin Warsh will preside over the first rate-setting meeting, with the market widely expecting the Fed to hold rates steady in the 3.50%-3.75% range.Analysts point out that the release of the new “dot plot” (showing Fed officials' interest rate expectations) and the shortened trading day due to the Juneteenth holiday on Friday could reduce market liquidity. This week's economic data and Fed policy guidance will determine whether the crypto market can sustain a rebound on the back of easing geopolitical risks. (CoinDesk)
Odaily News The prediction market platform Polymarket issued a "resolution clarification" that overturned a market result that had already appeared to be settled. This led to a 20-year-old student's $35,000 bet being declared invalid, while a total of approximately $3.8 million in positions across 1,838 accounts on the platform were liquidated.This clarification clause was written into the platform's rulebook, allowing for retroactive interpretative corrections to market settlement results, thereby altering the final payout. The incident has sparked strong dissatisfaction among traders, who argue that this "post-hoc ruling" mechanism undermines the certainty of market rules, and has ignited widespread controversy within the Polymarket and Kalshi communities.According to user disclosures, the incident originates from a case made public on June 13, where a market result that had ostensibly been settled was later reversed due to a change in rule interpretation.Industry analysts believe that this type of mechanism introduces "settlement clarification risk" into prediction markets, which is a type of tail risk event that cannot be hedged. If such operations occur frequently, they could drive high-risk liquidity away from the current platform towards trading venues regulated by the CFTC or those with formal arbitration mechanisms.Furthermore, this event is seen as one in a recent series of controversies, including settlement disputes surrounding the UMA oracle and Strategy's Bitcoin-related markets, which continue to test market participants' trust in the "finality" of prediction markets. (Cryptobriefing)
Odaily News, Jack Mallers, founder of Strike and CEO of Twenty One Capital, stated that Bitcoin’s drop below $63,000 is not merely a sentiment issue but a reflection of the reality of insufficient liquidity in the global financial system.Mallers believes that while U.S. consumer confidence is at historic lows, the S&P 500 remains at all-time highs, indicating that traditional stock market signals have been distorted by policy intervention. In contrast, Bitcoin, as a 24/7 trading asset, more closely mirrors the true conditions of global liquidity and market stress.He emphasized that during periods of liquidity tightening, investors often "sell what they can, not what they want." Therefore, Bitcoin's decline may not signify a collapse of long-term conviction but rather forced selling under capital pressure.Additionally, Mallers questioned Strategy's perpetual preferred stock financing structure, suggesting it could place the company in a capital structure dilemma when liquidity is needed in the future, forcing trade-offs among different stakeholders.
Bitfinex Alpha's latest report indicates that Bitcoin has entered a deeper correction phase, dropping to a low of $59,200 on June 5, a cumulative 53% decline from its all-time high in October 2025. This decline is primarily driven by record outflows from spot ETFs, derivative deleveraging, and sustained pressure from a high-interest-rate macroeconomic environment. The yield on the 10-year US Treasury note currently remains above 4.45%, further dampening market expectations for a Fed rate cut.On-chain and fund flow data suggest the current market is closer to a "distribution phase" than "panic selling." The spot Cumulative Volume Delta (CVD) has turned significantly negative after strong accumulation from April to May, indicating that recent buyers are steadily exiting. Meanwhile, the cost basis for short-term holders has fallen below the True Market Mean of $77,800, meaning a large number of new investors are in unrealized loss positions, creating significant selling pressure for any potential rebound. As the price approaches the overall realized cost basis of around $53,900, the characteristic of reducing positions on bounces is becoming more pronounced.At the macro level, the US economy continues to grow, but inflation is eroding real household income. The job market remains robust, with job openings hitting a nearly two-year high and continued job creation exceeding replacement levels. Sectors such as healthcare, manufacturing, construction, and leisure and hospitality are all expanding. However, inflation is expected to continue outpacing wage growth, leading to a decline in real purchasing power and presenting the Fed with a more complex balance between maintaining employment and controlling inflation.The key driver of current market trends has shifted to real yields. Driven by rising energy prices and geopolitical risks, inflation expectations are heating up, pushing both nominal and real yields on US Treasuries higher. Higher real yields increase the opportunity cost of holding non-yielding assets, prompting investors to reassess their allocation to risk assets. Bitcoin has been the first to feel the impact, with US spot ETFs experiencing their largest outflows since launch. The market has also shifted from betting on rate cuts to pricing in the risk of "higher for longer" interest rates. Bitfinex Alpha believes that, in the current phase, the trajectory of real yields has become the most important variable influencing performance in both traditional financial and digital asset markets.Despite short-term pressure, the institutionalization process continues. The report notes that Securitize's approval to list on the New York Stock Exchange signals that tokenization infrastructure is further integrating into the traditional financial system. Concurrently, the US GENIUS Act is advancing a regulatory framework for stablecoins, bringing issuers under compliance requirements similar to those for traditional financial institutions. The institutio
Odaily Strategy founder and Executive Chairman Michael Saylor published a lengthy post titled "The Four Ideologies of Bitcoin," categorizing the current Bitcoin community into four major ideologies: Bitcoin Maximalists, Bitcoin Capitalists, Bitcoin Technologists, and Bitcoin Fundamentalists.Among them, Maximalists emphasize Bitcoin's status as the dominant digital currency network; Capitalists advocate for deeply integrating Bitcoin into global capital markets, banking systems, and corporate balance sheets; Technologists support enhancing scalability, privacy, and security through technical upgrades; Fundamentalists emphasize self-custody, decentralization, and protocol immutability to prevent Bitcoin from being "captured" by institutions or regulatory forces.Michael Saylor stated that Bitcoin has evolved from a niche technological experiment into a global digital currency network and asset. While different groups all recognize Bitcoin's importance, they differ in its development path, expansion methods, and protection mechanisms. The future success of Bitcoin requires integrating these four perspectives: maintaining core characteristics such as scarcity, security, and decentralization, while also promoting institutional adoption, capital market integration, and higher-level innovation. He pointed out that Bitcoin can simultaneously serve as a currency for individuals, capital for corporations, collateral for banks, a reserve asset for nations, and infrastructure for global financial markets.
Zach Pandl, Head of Research at Grayscale Research, stated that the market experienced a new wave of volatility following Strategy's disclosure on June 1st of selling 32 Bitcoin. Although the sale is negligible compared to its holdings of approximately 840,000 Bitcoin (worth about $55 billion), this rare reduction move still impacted market sentiment.Pandl pointed out that the more noteworthy development is the performance of Strategy’s Variable Rate Preferred Stock STRC (Stretch). The product has a design target price of around $100 and currently offers a dividend yield of 11.5%. When the stock price falls below $100, it indicates that investors are demanding a higher rate of return, which may force the company to increase dividend levels. This would increase future cash flow pressure and potentially compel it to sell more Bitcoin for fundraising, further weighing on BTC prices. Strategy's leveraged Bitcoin reserve model is facing challenges. At current STRC and MSTR share price levels, the company's ability to continue large-scale Bitcoin accumulation may be constrained.However, Pandl noted that in the long term, the migration of Bitcoin holdings from highly leveraged digital asset reserve companies to more diversified corporate balance sheets will help enhance market resilience and improve Bitcoin's long-term value support. He expects Bitcoin to resume its upward trend in the coming months, but its near-term performance may lag behind crypto asset sectors that benefit more directly from regulatory clarity.
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.
Odaily报道, “BTC OG insider whale” Garrett Jin has released his “Weekly Market Strategy Signal.” In his analysis, he points out that the current geopolitical situation and the trajectory of the US dollar are deadlocked: despite US strikes on Iranian-related targets, tensions in the Strait of Hormuz remain unresolved. Although US Secretary of State Rubio signaled “positive news,” the peace agreement proposed by Iran has already been vetoed by the White House.Long-term US Treasury yields continue to hover in the 5.07% – 5.18% range, reaching their highest levels in 19 years. The S&P 500 index briefly hit a new high before quickly pulling back. Garrett Jin believes that a single positive or negative catalyst is insufficient to change the market landscape. Only when at least two of the three key factors—the credit environment, Federal Reserve policy, and geopolitical conditions—converge can the market experience a substantial shift.On another front, capital expenditure in the AI sector is accelerating its shift from the United States to Asia. ByteDance plans to increase its capital expenditure to as high as $70 billion this year, while Tencent and Alibaba are also ramping up their investments. Competition in the AI arena has now escalated to the level of national competition.
According to Cointelegraph, a petition in South Korea calling for the abolition of the 22% tax on cryptocurrency investment gains has surpassed the 50,000-signature threshold, triggering the mandatory review mechanism of the National Assembly’s Committee on Strategy and Finance. The petition currently has over 52,000 signatures. This tax policy is scheduled to take effect in January 2027. Petitioners argue that taxing crypto assets is significantly heavier than taxation applied to other asset classes, which will increase investors’ burdens, restrict upward mobility—especially for younger demographics—and potentially lead to industry contraction and capital and talent flight. Meanwhile, South Korea’s cryptocurrency market continues to shrink: total crypto asset holdings have declined from approximately 121.8 trillion KRW (about $83.3 billion) in January 2025 to roughly 60.6 trillion KRW (about $41.4 billion) in February 2026. Daily trading volume across the country’s top five exchanges has also plummeted—from $11.6 billion in December 2024 to $3 billion.
According to The Block, Sarah Breeden, Deputy Governor for Financial Stability at the Bank of England, stated that the UK’s future financial system will advance tokenization, with the retail payments system incorporating tokenized deposits, regulated stablecoins, and potentially a retail central bank digital currency (CBDC). The Bank of England plans to publish a draft regulatory framework for systemic stablecoins next month and finalize it by the end of 2026—imposing temporary caps on stablecoin issuance volumes if necessary. Breeden also noted that the Bank of England will continue supporting banks in developing tokenized deposits and advancing initiatives such as the Digital Securities Sandbox and Digital Gilt.
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.
According to Cointelegraph, privacy-focused messaging app Signal stated it may exit the Canadian market if required to comply with Canada’s proposed lawful access bill, Bill C-22. Udbhav Tiwari, Signal’s Vice President of Strategy and Global Affairs, said the bill could compel service providers to build technical surveillance capabilities and retain certain user metadata for up to one year—potentially undermining end-to-end encryption and increasing the risk of cyberattacks. The report notes that Bill C-22 has not yet entered into force and still requires parliamentary review and royal assent. In addition to Signal, VPN provider Windscribe has also indicated it may follow suit and withdraw from Canada if the bill is passed.
Strategy CEO Phong Le posted on platform X, stating that in the first quarter of 2026, Strategy's software business achieved its strongest performance in nearly a decade, with revenue growing 12%. This included a 59% increase in cloud business revenue and a 27% rise in profits. Le noted the unique synergies between the company's bitcoin treasury and its software business, explaining that the software business's expertise in engineering, security, and compliance provides institutional-grade capabilities for the bitcoin operations, while the bitcoin mission helps attract talent and accelerate software innovation.Additionally, the company has built an AI data platform called Mosaic and plans to leverage multiple AI models within the next year to redesign internal processes and achieve system autonomy.
Odaily News Executives from PayPal and Google Cloud stated that in the future, commerce driven by AI Agents will operate on crypto payment rails, as AI Agents cannot use traditional bank accounts like humans.Richard Widmann, Head of Web3 Strategy at Google Cloud, stated that AI Agents are unable to open bank accounts from both a technical and regulatory standpoint, while cryptocurrencies offer an "excellent machine-readable payment interface." He revealed that Google has launched the open-source Agentic Payments Protocol (AP2) and donated it to the FIDO Foundation, with over 120 partners, including PayPal, already joining.May Zabaneh, Senior Vice President of Crypto at PayPal, indicated that the company views AI Agents as the next generation of commerce entry point following offline, online, and mobile payments. She noted that PYUSD, as PayPal's stablecoin, provides a naturally programmable payment layer for AI-native payments and global transactions.A PayPal survey shows that 95% of merchant websites currently see traffic from AI Agents, but only about 20% of merchants have machine-readable product catalogs. Zabaneh believes that merchants need to adapt to the AI Agent era as quickly as possible, or they will miss out on the next wave of commercial infrastructure upgrades.Additionally, the two also discussed the security and responsibility issues of AI Agents. Widmann stated that multi-party custody will become an important solution for Agent fund management. AI Agents should not have full control over private keys but should only hold a portion of the key fragments to reduce financial risk. (CoinDesk)
According to ZDNet, the South Korean government plans to impose taxes on virtual assets starting in January next year, but faces opposition from the opposition party, increasing policy uncertainty. Moon Kyung-ho, head of the Income Tax Division at the Ministry of Economy and Finance, made the government’s first official statement on the matter during a National Assembly discussion, affirming that taxation on virtual assets will proceed as scheduled beginning January 1, next year, emphasizing that “income must be taxed.” Under the current amendment to the Income Tax Act, gains exceeding 2.5 million KRW from the transfer or lending of virtual assets are subject to a 22% tax rate. However, the opposition People Power Party argues that taxing only virtual assets—while abolishing the financial investment income tax—is unfair, and is advancing a bill to abolish the virtual asset income tax. This bill has already been submitted to the National Assembly’s Committee on Strategy and Finance and will be discussed by its Tax Subcommittee. Analysts believe that, ahead of next year’s local elections, the ruling party may join discussions on delaying or scrapping the tax to win support from younger voters.
The fourth EU-Japan Digital Partnership Council meeting was held in Brussels on May 5. The European Commission stated that it will further deepen regulatory, scientific research, and industrial cooperation with Japan in areas including data, artificial intelligence (AI), quantum technologies, digital infrastructure, and online platforms. According to the joint statement, the EU and Japan have reached agreements on cooperation across several key areas, including data governance, AI, and quantum technologies. In the field of data governance, the EU plans to jointly establish a “Data Strategy Working Group” with Japan to enhance data-sharing capabilities and promote collaborative R&D and innovation. Meanwhile, the EU welcomed Japan’s participation in its flagship science program, Horizon Europe, noting that this move will accelerate joint scientific research in digital domains such as AI. The statement also indicated that both sides will launch joint research projects in quantum technologies to advance hybrid computing environments and explore applications of quantum technologies in materials science, CO₂ emission reduction, communications networks, fluid dynamics, and satellite image analysis. (Xinhua News Agency)
According to Crowdfund Insider, Circle’s French subsidiary, Circle Internet Financial Europe SAS (referred to as “Circle France”), received formal authorization from the French Financial Markets Authority (AMF) on April 20 to provide custody and transfer services for its stablecoins USDC and EURC across the entire European Economic Area (EEA). Under Article 60(4) of the EU’s Markets in Crypto-Assets Regulation (MiCA), this authorization enables Circle France to operate via the “passporting mechanism,” allowing customers in all EEA member states to access these services without requiring additional local licenses. Circle is the largest compliant issuer of electronic money tokens (EMTs) under MiCA regulation in the EU. The authorized custody services cover secure storage and management of clients’ crypto assets, while the transfer functionality supports seamless asset movement. Dante Disparte, Circle’s Chief Strategy Officer and Head of Global Policy and Operations, stated that this milestone reflects Circle’s commitment to operating within Europe’s regulatory framework and supporting the development of trusted digital financial infrastructure in France and across the EU. This authorization builds upon Circle’s prior authorization as an electronic money institution in France.
According to CoinDesk, Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, stated at the Bitcoin Conference in Las Vegas that U.S. banks may hold bitcoin on their balance sheets in the future—but the timeline remains uncertain due to guidance from the Federal Reserve, the Basel Accords, and global regulatory requirements. Meanwhile, Morgan Stanley’s recently launched MSBT—the first bank-issued bitcoin ETP—drew over $100 million in inflows within its first six days of listing, all sourced exclusively from self-directed investment channels and not yet made available to financial advisors. Oldenburg noted that slow adoption by the advisor channel stems primarily from an education gap; the bank has initiated internal training programs to address this and is applying for a digital trust charter from the Office of the Comptroller of the Currency (OCC) to support direct custody of crypto assets and spot crypto trading services.
Alberta Investment Management Corporation (AIMCo) disclosed in a regulatory filing on April 30 that it holds $219 million worth of shares in Strategy, a decentralized finance (DeFi) asset management protocol. Strategy provides institutional-grade yield optimization and automated risk management services. The investment aligns with trends including real-world asset (RWA) tokenization, automated liquidity allocation, and institutional participation in on-chain finance.
According to Businesswire, Bitcoin treasury company TwentyOne Capital has updated its corporate strategy, aiming to integrate Bitcoin reserves, mining operations, financial services, and capital markets activities through mergers and acquisitions. Specific initiatives include: - Financial services and distribution, covering licenses, compliance, custody, technology, and institutional and retail client bases; - Bitcoin infrastructure, involving low-cost, high-hashrate Bitcoin mining to continuously expand Bitcoin reserves; - Capital markets strategy, securitizing loan portfolios and mining revenue and supporting non-dilutive leveraged financing of BTC reserves with operating cash flow; - Acquiring value-accretive Bitcoin companies, using ongoing cash flow to continuously accumulate Bitcoin.