During the 'CEO Connect: May Edition' Twitter Spaces, Binance CEO Richard Teng stated that increasingly tightening regulations are not a threat but a positive force accelerating trust in cryptocurrencies and institutional investment.
Richard Teng emphasized Binance's efforts to work directly with governments globally and mentioned the collaboration with the Kingdom of Bhutan.
Richard Teng stated that thanks to government-led digital initiatives, citizens of Bhutan can now use cryptocurrency to pay for flight tickets, dining, and travel services.
Additionally, Richard Teng added that Binance supports governments in building Bitcoin reserves and developing long-term digital asset strategies.
● Strategy increased its holdings by 7,390 Bitcoins at an average price of $103,498
According to reports from Wu Shuo, Strategy purchased 7,390 Bitcoins between May 12 and 18 at an average price of $103,498, with a total expenditure of approximately $764.9 million.
According to a report by Deep Tide TechFlow, on May 19, Glassnode data showed that the short-term correlation between Bitcoin and gold has dropped to -0.54 over the past 30 days, the lowest level since February. Meanwhile, the 90-day and 365-day correlations between Bitcoin and gold remain positively correlated at 0.39 and 0.60, respectively.
According to Odaily Planet Daily, as of May 18, 2025, the BlackRock BUIDL Fund's asset size is approximately $2.88 billion, with Ethereum ecosystem assets reaching $2.68 billion, accounting for over 95%. The remaining assets are distributed among chains like Aptos and Avalanche. Ethereum continues to hold an absolute leadership position in the RWA field.
According to ChainCatcher reports, New York Fed President Williams stated that recent economic data has been very good, the economy is close to full employment, and the labor market is basically balanced. Inflation is slowly declining. The first quarter's economic growth was unusual due to trade issues. Monetary policy is in a good position, slightly restrictive. Some forward-looking indicators are sending worrying signals, with trade being a particularly uncertain factor.
● Trump disagrees with Moody's downgrade of U.S. credit rating
According to Deep Tide TechFlow reports, on May 19, White House Press Secretary Levitt stated that Trump disagrees with Moody's assessment. Previously, Moody's downgraded the U.S. credit rating to Aa1 due to rising debt.
● The SEC delays review of two Solana ETF proposals
According to reports from Wu Shuo, the U.S. Securities and Exchange Commission announced it is delaying the review decision for the proposed rule changes for the Bitwise Solana ETF and 21Shares Core Solana ETF submitted by the Cboe BZX Exchange and is initiating further review procedures.
● SEC Chairman Paul Atkins promotes the drafting of cryptocurrency asset regulations
According to reports from Wu Shuo, SEC Chairman Paul Atkins stated at the SEC speech session that he will promote the drafting of rules related to cryptocurrency assets and support an integrated custody mechanism for both securities and non-securities assets. The FinHub, originally responsible for cryptocurrency innovation affairs, will be integrated into other business departments to improve efficiency and move away from a law enforcement orientation. The SEC will return to its position of 'supporting innovation.'
