News linked to both this project and an event.
Bernstein suggests Robinhood is poised for a "strong tailwind" as prediction market trading volumes hit record highs during the World Cup.Data shows that daily trading volume in prediction markets during the early stages of the FIFA World Cup surged from $2.2 billion on June 11 to $4.8 billion on June 12, setting a new all-time high, surpassing the $1.4 billion traded during the previous Super Bowl.Analysts note that prediction markets have become one of Robinhood's fastest-growing revenue lines since their launch. The firm projects Robinhood's prediction market revenue will grow from $150 million in 2025 to $586 million in 2026, representing an increase of approximately 286% year-over-year, and is expected to account for 17% of trading-related revenue and 10% of total revenue in 2026.Bernstein believes Robinhood's partnership with exchange and clearing house Rothera, which is regulated by the U.S. Commodity Futures Trading Commission (CFTC), is a competitive advantage. Since its launch on May 28, Rothera has processed approximately 200 million contracts in 18 days, with FIFA World Cup and MLB-related contracts contributing nearly all of the trading volume. Analysts state that Robinhood's core strength lies in its distribution capability, with its massive user base, a commission of $0.01 per contract, and strategies like up to 50% fee discounts for Gold members helping to drive user engagement.Furthermore, Bernstein indicates that competition in the prediction market space is expanding, including Polymarket launching event contracts for private companies and Kalshi introducing cryptocurrency perpetual contracts. The firm estimates that the World Cup will bring over $3 billion in new betting volume to prediction markets and boost overall consumer trading volume in the industry by $5 billion to $10 billion. (The Block)
According to an official announcement, Gate has launched a limited-time USD1 staking program offering high yields. During the campaign period, users holding USD1 in their asset accounts (minimum holding requirement: 1 USD1) can earn up to 20% annualized yield. The annualized yield rate is adjusted daily based on the remaining monthly reward budget and the platform’s total effective USD1 holdings. The updated annualized yield rate is published daily around 14:00 (UTC+8). The system takes hourly snapshots of users’ USD1 balances to calculate the average holding amount for yield calculation. Yields are distributed to users’ asset accounts the following day. According to the announcement, USD1 is a U.S. dollar-pegged stablecoin issued by World Liberty Financial. It is fully collateralized by U.S. Treasury bills and cash equivalents, designed to maintain a stable 1:1 peg with the U.S. dollar. As a regulated, reserve-backed asset, USD1 delivers the same price stability as traditional cash—on-chain and in digital form.
Odaily News, June 9th — BitMEX co-founder Arthur Hayes stated in his latest article "Reality Test" that if oil prices continue to rise due to the US-Iran conflict, it could trigger a collapse of the AI stock bubble and drag the entire crypto market down.Hayes said that if traffic restrictions in the Strait of Hormuz persist deep into the second quarter, spot prices for hydrocarbons and other key commodities could rise in the third quarter. If oil prices continue to climb and inflationary pressures impact the US midterm elections, Trump might pivot to a tough stance targeting data center construction, AI regulation, and taxation. Hayes believes the market could anticipate Trump limiting AI capital expenditure and taxing AI companies, thereby triggering the burst of the AI stock bubble.Hayes also noted that since November 2022, the scale of AI-related debt issuance has been approximately $1.5 trillion, and US M2 has increased by roughly the same amount during the same period. He believes the three factors that could pop the AI bubble include rising energy costs, the market's inability to absorb three major AI-related IPOs — namely SpaceX, Anthropic, and OpenAI — and Trump's shift to opposing AI. In terms of portfolio, Hayes stated that Maelstrom's stock portfolio holds significant positions in US-listed energy producers; he has sold AI-related stocks and offloaded non-core crypto assets, having dumped HYPE, NEAR, and WLD last week, as well as selling ZEC due to the Orchard Pool vulnerability. He still holds Bitcoin and ETH and will execute tactical short trades via derivatives.
: The World Cup will kick off on June 11, and the Hong Kong police have launched the Gobi and Wind Shield operations, targeting illegal offshore gambling through publicity, education, intelligence, and law enforcement. The police noted that in recent years, illegal gambling has become increasingly digitalized, including online betting, solicitation of gamblers via social media, and settlement of bets with virtual currencies. The police stated that they still have the capability to trace participants.According to the law, placing bets with offshore bookmakers carries a maximum penalty of 9 months in prison and a fine of HK$50,000. Accepting bets carries a maximum penalty of 7 years in prison and a fine of HK$5 million. Money laundering carries a maximum penalty of 14 years in prison and a fine of HK$5 million. The police also shared the case of a young man who was addicted to offshore gambling, at one point owing as much as HK$160,000. A police clinical psychologist warned that those who start gambling before the age of 18 have an over 80% risk of developing gambling disorder later in life. (Sing Tao Daily)
Today, the U.S. House Financial Services Committee held a hearing with banking regulators, focusing on stablecoin rules and the banking license application of World Liberty Financial, a crypto venture associated with the U.S. President.During the hearing, Acting Comptroller of the Currency Jonathan Gould stated that the only political pressure the agency has felt regarding the decision to grant a banking license to World Liberty Financial came from Democrats, and he rejected allegations that the agency was following the President's directives. Additionally, FDIC Chairman Travis Hill indicated that the agency will soon propose a rule requiring stablecoin issuers to implement customer identification procedures. (coindesk)
Digital trading platform Moomoo has announced a partnership with prediction market operator Kalshi to offer eligible users access to event contracts regulated by the U.S. Commodity Futures Trading Commission (CFTC). Users can trade contracts related to major events such as Federal Reserve interest rate decisions, inflation data, elections, and the 2026 FIFA World Cup directly through the Moomoo platform.Event contracts are exchange-traded derivatives that allow investors to bet on the outcome of specific events. Contract prices range from $0.01 to $1, reflecting the market's expectation of the probability of each event occurring. These products will be integrated into the platform alongside Moomoo's existing offerings of stocks, options, and ETFs. Additionally, Moomoo has recently launched cryptocurrency deposit and withdrawal functionality, as well as the moomoo API Skills service for AI-powered investment tools, continuing to expand its product ecosystem. (CoinDesk)
World Liberty Financial (WLFI), a crypto project backed by the Trump family, stated that in light of recent updates to sanctions measures, the platform will continue to enforce risk-based sanctions compliance control mechanisms to fulfill legal and regulatory obligations in relevant jurisdictions.WLFI noted that transactions involving sanctioned individuals, entities, or related wallet addresses may be subject to enhanced scrutiny, rejection, restrictions, or other compliance measures. The platform reminds users that when transferring digital assets, they should ensure that the source of funds and original wallet addresses are not associated with sanctioned parties or prohibited activities.WLFI stated that if user transactions or accounts are affected during the compliance review process, its support team will assist users in completing the subsequent processing steps.
: According to official announcements, leading global digital asset platform Gate has officially launched a real stock market trading service, bridging the gap between crypto assets and traditional financial markets. Users can now directly trade stocks and ETFs listed on major exchanges like Nasdaq and the New York Stock Exchange (NYSE) using USDT on the Gate platform. Unlike common market practices of stock tokenization and RWA (Real World Asset) mapping, Gate Stocks focuses more on real market access and compliant trading capabilities. It connects with compliant broker-dealers holding US Broker-Dealer licenses and clearing qualifications, providing access to major US stock and ETF trading markets.Currently, Gate supports major US securities trading markets and liquidity networks including NYSE, Nasdaq, NYSE Arca, NYSE American, and BATS, covering over 10,000 stock and ETF assets. After completing KYC and regional access requirements, users can navigate to the stock section within the TradFi module of the Gate App to perform USDT transfers, view market data, and trade stocks, achieving integration between crypto asset accounts and traditional stock trading capabilities. Additionally, Gate Stocks operates an independent account system, allowing users to buy, hold, and sell stock assets with separate fund management. Compared to holding costs such as funding rates in perpetual contracts and swap fees or overnight fees in CFD products, Gate Stock spot trading offers zero holding costs, making it more suitable for users looking to hold US stocks for the long term. Android users can experience stock trading functionality after updating the Gate App to the latest version, while iOS users can access the service after updating to version 8.21.5.
According to an official announcement, the blockchain infrastructure protocol project IOTA has named Kenya, Morocco, and Nigeria as the first countries to implement the ADAPT initiative. These three countries were selected through a rigorous evaluation process assessing their political commitment, regulatory readiness, maturity of digital infrastructure, and private-sector engagement. Launched in November 2025, the African Digital Access and Public Infrastructure for Trade (ADAPT) initiative is spearheaded by the African Continental Free Trade Area (AfCFTA) Secretariat and co-developed with the Tony Blair Institute for Global Change, the World Economic Forum, and the IOTA Foundation. ADAPT aims to build shared digital infrastructure for intra-African trade, covering digital identity, cross-border data exchange, and payment interoperability.
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.
: Digital Asset Clearing Center (DACC), a tokenized financial market infrastructure provider, announced the completion of a $10 million strategic financing round. Participants included Conflux, Global InfoTech, Fosun International, Blockstone, Avior Capital, Fintech World, Satoshi Ventures, and BridgeTower. DACC currently offers financial institutions an end-to-end "Clearing-as-a-Service" solution. The new funds will support the construction of its compliant financial settlement and clearing infrastructure. (Aastocks)
Turnkey, a company specializing in crypto wallets and key management infrastructure, has announced the completion of a $12.5 million strategic financing round. Archetype and Circle Ventures led the round, with participation from Sequoia Capital, Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, and Variant. The project's total funding has now exceeded $65 million.The company's primary business involves developing wallet and key management infrastructure for crypto applications. This round of financing will be used to support the development and public launch of Turnkey Verifiable Cloud, a product focused on digital asset security computing. This product aims to provide enterprises with verifiable operating environments, encompassing functionalities such as transaction visibility, policy decisions, and agent-driven wallet activities. Turnkey's current clientele includes Polymarket, World App, and Anchorage Digital.
: tZERO, a regulated securities trading platform, has announced the integration of its tokenization issuance platform with the Aptos network, enabling issuers to directly issue Real World Asset (RWA) tokens on this high-performance public chain, further broadening the path for institutional-grade assets to be placed on-chain.Aptos is being positioned as the underlying network for institutional-grade tokenization infrastructure and is consistently attracting integration by traditional finance and compliant tokenization platforms. Currently, tokenized funds from institutions including BlackRock and Franklin Templeton are already operating on the chain. With tZERO's integration, the compliant asset issuance and trading infrastructure on Aptos is further enhanced, covering the full-chain capabilities from issuance, circulation, to settlement.
the World Uncertainty Index has climbed to its third-highest level in history, with the current value surpassing those observed during the dot-com bubble and the global financial crisis. (Cointelegraph)Odaily Note: The World Uncertainty Index (WUI) is a forward-looking pressure indicator that primarily reflects the sense of uncertainty among economic agents (businesses, households, investors) regarding the future economic, political, and policy environment. It helps analyze how uncertainty impacts economic growth, investment decisions, and financial markets. The global WUI has reached historical highs multiple times over the past decade, particularly under the influence of overlapping multiple crises.
According to The Block, Lee Reiners—a lecturer in law at Duke University and former examiner at the New York Federal Reserve—published a post on May 8 stating that WLFI, the governance token issued by the DeFi project World Liberty Financial—which is closely associated with the Trump family—may constitute an unregistered security. Reiners cited the Securities and Exchange Commission’s (SEC) recently released token classification framework, arguing that WLFI is not a “pure digital commodity” and therefore falls under SEC regulatory scrutiny. He contends that WLFI was publicly presold—approximately 25 billion tokens—prior to the protocol’s launch and was marketed leveraging the Trump family’s brand, leading buyers to reasonably expect profits—a key element of the SEC’s “Howey Test” for determining whether an asset qualifies as a security. Regarding decentralization claims, Reiners referenced litigation filed by Justin Sun, noting that World Liberty unilaterally froze Sun’s tokens and revoked his governance rights—revealing a high degree of centralized control. Additionally, he highlighted clear conflicts of interest: the project borrowed $75 million in stablecoins from the Dolomite protocol, using 5 billion WLFI tokens as collateral; notably, a co-founder of Dolomite also serves as an advisor to World Liberty, and part of the borrowed stablecoins flowed directly to World Liberty itself.
according to a UK police announcement, former World Athletics Championships 4x100m relay gold medalist and British sprinter CJ Ujah, along with nine other individuals, has been charged with "conspiracy to defraud" in connection with a cryptocurrency fraud case.Police stated that the criminal gang posed as police and cryptocurrency company personnel to conduct phone scams against multiple victims, tricking them into disclosing critical wallet security information, including seed phrases. The perpetrators then transferred the victims' crypto assets, with one victim losing over £300,000. The case was cracked following a joint investigation by the Eastern Region Special Operations Unit (ERSOU) across Kent, Essex, and London. The ten suspects have appeared in court, with Ujah released on bail until a further hearing on May 28.Ujah, now 32, won a 4x100m relay gold medal for Team GB at the 2017 World Championships and also claimed the Diamond League title that same year. In 2022, he was suspended for 22 months due to a doping violation, which was later attributed to contamination from a supplement causing an adverse analytical finding. In addition to Ujah, another British sprinter, Brandon Mingeli, is also on the list of those arrested and is currently in custody pending trial. (The Guardian)
According to Caixin, YF Financial’s gold token product has no secondary market, and the physical gold is stored in a Hong Kong vault. The product will be available only to users who have completed Hong Kong’s Professional Investor (PI) certification. A relevant official stated that physical-gold-backed token products are “in essence not financial leverage, but rather the digitization of assets.” In February this year, eight Chinese government departments—including the People’s Bank of China—jointly issued the “Notice on Further Preventing and Addressing Risks Related to Virtual Currencies and Other Matters,” which for the first time incorporated Real World Assets (RWA) into the regulatory framework at the supervisory level, adopting an overall approach of “strict prohibition domestically and strict oversight overseas.” Earlier reports indicated that YF Youyu—a subsidiary of YF Financial, in which Jack Ma holds an indirect stake—launched a physical-gold-backed token product, with physical gold as its underlying collateral asset; each unit of the product corresponds to 1 gram of LBMA-certified physical gold with 99.99% purity.
According to The Block, Senator Kirsten Gillibrand stated clearly on Wednesday at the Consensus Miami conference that she would not support the Cryptocurrency Market Structure Act unless it includes an ethics provision. She emphasized that members of Congress, the President, the Vice President, and senior executive branch officials must not profit from the industry by virtue of their insider status, bluntly declaring, “Without this provision, corruption will destroy this industry.” Previously, before the presidential inauguration, both Donald Trump and his wife launched meme coins. Their family-led DeFi and stablecoin project, World Liberty Financial, has also sparked widespread controversy. Bloomberg estimates that Trump has already earned at least $1.4 billion from cryptocurrency-related businesses.
, RWA tokenization protocol KAIO announced on X platform the launch of its native token KAIO, and simultaneously established the KAIO Foundation as the governance and operational body under the ecosystem chain, responsible for protocol governance, treasury management, and ecosystem development, working alongside KAIO Labs to advance core infrastructure and product innovation. KAIO is positioned as an open infrastructure protocol for institutional-grade Real World Assets (RWA), dedicated to bridging traditional finance and DeFi to build a compliant, auditable, cross-chain tokenized asset network. The platform has currently listed 5 tier-1 institutional funds, covering managers such as BlackRock, Brevan Howard, and Hamilton Lane, with approximately $100 million in TVL deployed across 10+ blockchain networks.In terms of tokenomics, KAIO has a total supply of 10 billion tokens, with community and liquidity incentives accounting for 37.5%, making it the largest allocation portion; team and early investor tokens are subject to locking and staggered release mechanisms, with zero initial release at TGE, and the foundation allocation accounts for 17%, designated for long-term ecosystem development.
According to The Block, Jaret Seiberg, Managing Director of the Washington Research Group at investment bank TD Cowen, stated that stablecoin yield issues are not the sole obstacle to the passage of the Clarity Act—and cited the following five additional hurdles: 1. A severe shortage of Commodity Futures Trading Commission (CFTC) commissioners: only Chairman Michael Selig remains in office, and the process to appoint new commissioners could take several months, while the bill must complete its review by the end of July; 2. Complex regulatory questions surrounding prediction markets—including concerns about insider trading and potential conflicts of interest involving the Trump family—which may prompt Democratic lawmakers to withdraw their support via related amendments; 3. Ongoing controversy surrounding World Liberty Financial, a cryptocurrency project affiliated with the Trump family, increasing political resistance from Democrats toward supporting the bill; 4. Reports indicating Iran is discussing requiring vessels transiting the Strait of Hormuz to pay tolls in cryptocurrency—a development that could trigger contentious anti-money laundering (AML) amendments, potentially serving as a “poison pill” for the bill; 5. Risk that the Credit Card Competition Act could be attached to the Clarity Act, jeopardizing the entire bill’s progress. Regarding stablecoin yield issues, Senator Thom Tillis indicated that the Senate Banking Committee will not vote on the bill until as early as May. TD Cowen maintains its assessment that the bill has approximately a one-in-three chance of passing this year, while Galaxy Digital estimates the probability at roughly 50%.