Today's news highlights:
1. SEC Chairman Paul Atkins attended the Annual Financial Market Regulation Conference and delivered the opening speech.
2. Galaxy Digital has officially listed on NASDAQ under the ticker GLXY.
3. French cryptocurrency entrepreneurs will receive additional security in light of recent kidnapping incidents.
4. Binance Alpha has launched Project MIRAI (MIRAI) and REX (REX).
5. OpenAI has launched a cloud-based software engineering agent Codex research preview.
6. Musk changed his personal avatar and nickname to Kekius Maximus.
7. Vitalik will participate remotely in the ETH Beijing hackathon and deliver a speech.
8. Abraxas Capital has significantly increased its holdings of ETH, withdrawing over $650 million in the past ten days.
Regulatory/Macro
Buffett fully exited the crypto-friendly bank Nubank, making a profit of $250 million.
Warren Buffett's Berkshire Hathaway has fully exited its holdings in Latin America's crypto-friendly bank Nubank's parent company, Nu Holdings, realizing a profit of $250 million. Although Nubank achieved record profits in both 2024 and Q1 2025, Buffett's move reflects his overall strategy of withdrawing from the financial sector. In the same quarter, Berkshire also sold its Citigroup holdings and significantly reduced its stake in Bank of America, with cash reserves increasing to $347.8 billion. Nubank supports crypto transactions for BTC, ETH, XRP, and others, and had allocated 1% of its assets to Bitcoin.
SEC Chairman Paul Atkins attended the Annual Financial Market Regulation Conference and delivered the opening speech.
According to an announcement from the U.S. Securities and Exchange Commission (SEC), Chairman Paul Atkins delivered the opening speech at the 12th Annual Financial Market Regulation Conference at 8:45 AM today (Eastern Time). The agenda of the conference covers four major themes: corporate finance, market microstructure, intermediaries, and asset management, and is co-hosted by the SEC and scholars from several universities. The event's official website provides a live broadcast, focusing on financial market transparency, information disclosure reform, and regulatory innovation.
Galaxy Digital plans to tokenize its stock and has begun discussions with the SEC.
According to Bloomberg, Galaxy Digital Holdings Ltd. is in discussions with the U.S. Securities and Exchange Commission (SEC) about tokenizing its stock and other securities. The company plans to use its digital asset platform to convert its stock into tokens that can be used in decentralized finance (DeFi) applications and hopes to extend this technology to other stocks, fixed income products, and exchange-traded funds (ETFs) in the future. Galaxy met with the SEC's cryptocurrency special working group in March to discuss the possibility of registering its stock on the blockchain. The company currently manages approximately $7 billion in assets and officially listed on NASDAQ today.
An Argentine judge has ordered the freezing of assets of key figures in the LIBRA project, including examining the financial transactions of President Milei and his sister.
According to local media reports cited by Cryptoslate, an Argentine federal judge has ordered the freezing of assets of key figures in the LIBRA memecoin project, as investigators are looking into potential fraud related to the promotion of the digital token, including examining financial operations linked to President Javier Milei and his sister Karina Milei. The judge also authorized the lifting of bank secrecy protections for Milei and his sister, allowing investigators to access their financial transaction history to look for signs of improper connections with supporters of the project.
Galaxy Digital has officially listed on NASDAQ under the ticker GLXY.
Galaxy Digital announced that it has officially listed on NASDAQ under the ticker GLXY.
Previously reported, cryptocurrency asset management company Galaxy Digital has completed its restructuring process from the Cayman Islands to the U.S. and plans to list on NASDAQ under the code 'GLXY' on May 16.
French cryptocurrency entrepreneurs will receive additional security in light of recent kidnapping incidents.
According to Politico, due to the recent increase in kidnapping incidents related to cryptocurrencies in France, cryptocurrency entrepreneurs and their families will receive enhanced security measures. The French Ministry of the Interior stated that these measures include priority access to police emergency hotlines, home visits, and security briefings provided by law enforcement to offer best practice advice. Law enforcement personnel will also receive 'anti-crypto asset money laundering training.' Interior Minister Bruno Retailleau stated in a statement, 'In response to the repeated kidnappings of professionals in the cryptocurrency industry, we will take immediate and concrete measures to protect the industry.'
Since the beginning of this year, there have been at least three kidnappings of cryptocurrency industry leaders or their family members in France. Previously reported, France will hold a security meeting for the crypto industry in response to the series of kidnapping incidents. This decision follows a failed kidnapping incident on May 13 in Paris, where the daughter of a French cryptocurrency entrepreneur and her grandson were attacked on the street by four masked assailants, fortunately escaping with minor injuries. The woman is reportedly the daughter of the co-founder and CEO of the French cryptocurrency exchange Paymium. In recent years, there have been several kidnapping cases related to crypto wealth in France, including the abduction and torture of Ledger co-founder David Balland in January this year.
Opinions
U.S. Senator: The Senate may pass the (GENIUS Act) next week.
Republican Senator Bill Hagerty stated that the Senate may pass the (GENIUS Act) next week. This act will establish the first growth-promoting regulatory framework for payment stablecoins. It will reinforce the dollar's dominance, protect consumer rights, increase demand for U.S. Treasury bonds, and ensure that innovation in the digital asset space remains in the U.S.
Analysts: Network attacks and SEC investigations will not have a significant impact on Coinbase.
Benchmark senior equity research analyst Palmer stated in a research report that Coinbase disclosed a significant cybersecurity vulnerability on Thursday and confirmed that the SEC is investigating its past user metrics. This sharply contrasts with the news earlier this week that the company would join the S&P 500 index. Palmer believes that this network attack is more of a one-off incident and that the SEC's investigation is 'just noise' that is unlikely to have any substantial impact on the bullish case for the company's stock.
CryptoQuant: Ethereum may have bottomed out, and altcoin season may be approaching.
CryptoQuant tweeted that Ethereum may have bottomed compared to Bitcoin. The ETH/BTC ratio surged 38% from a five-year low. Demand is rising, selling pressure is decreasing, and ETFs are accumulating. This may signal the start of altcoin season.
Project Updates
Binance Alpha has launched Project MIRAI (MIRAI).
The app page shows that Binance Alpha has launched Project MIRAI (MIRAI).
Binance Alpha has launched REX (REX).
The app page shows that Binance Alpha has launched REX (REX).
The modular blockchain Sophon will launch its main token SOPH in May.
The modular blockchain Sophon based on ZKsync announced that SOPH will serve as the main functional token of the Sophon Network, officially launching in May. Details regarding token economics, community allocation, etc., will be announced later. The official reminds users to pay attention to verification links and stay alert to phishing risks.
OpenAI has launched a cloud-based software engineering agent Codex research preview.
The OpenAI team announced during a live broadcast the launch of the cloud-based software engineering agent Codex research preview, powered by codex-1. ChatGPT Pro, Team, and Enterprise users are now live, with Plus users coming soon. Users can access Codex via the sidebar, assign coding tasks, and check execution through references, terminal logs, and test results. Codex will be available for free in the coming weeks, with throttled access and flexible pricing plans to follow.
Musk changed his personal avatar and nickname to Kekius Maximus.
Musk changed the nickname and avatar on X to 'Kekius Maximus'. Market information shows that Kekius Maximus (KEKIUS) rose 105.9% within 24 hours. Musk had changed his personal avatar and nickname to Kekius Maximus last December, causing related concept coins to surge.
In the Coinbase data breach incident, personal information of Sequoia Capital partner Roelof Botha was stolen.
According to Bloomberg, a source stated that in the Coinbase data breach incident, Sequoia Capital managing partner Roelof Botha's personal information was stolen, including phone number, address, and other details related to his Coinbase account. Coinbase disclosed on Thursday that attackers bribed an Indian customer service representative to obtain customer data, with the leaked information including names, birth dates, addresses, nationalities, ID numbers, some bank data, and details about account creation times and balances.
Additionally, according to sources, major cryptocurrency exchanges like Binance and Kraken have also faced similar social engineering attacks, but their internal policies and technologies have thwarted these attacks without losing customer data. One insider revealed that Binance discovered scammers bribing its customer service staff and providing a Telegram account to contact criminals. Binance uses AI bots to identify potential bribery attempts in different languages and block conversations.
Related news: Coinbase user data was stolen and a ransom of $20 million was demanded; social engineering attacks have become the norm.
Vitalik will participate remotely in the ETH Beijing hackathon and deliver a speech.
Ethereum founder Vitalik will participate remotely in the ETH Beijing hackathon and deliver a speech on 'Ethereum Consensus Layer Upgrade (Beam Chain)' at 2 PM on May 17 (Beijing time).
Binance: The threshold for REX airdrop participation is 196 Alpha points, and claiming requires consuming 15 points.
According to the official announcement, eligible Binance users with at least 196 Binance Alpha points can claim an airdrop of 3,935 REX tokens on the Alpha event page starting at 15:00 (UTC+8) on May 17. Claiming the REX airdrop will consume 15 Binance Alpha points. Users need to complete the claim within 24 hours after it opens (by 15:00 on May 18, UTC+8), or it will be considered forfeited.
Key Data
The Ethereum spot ETF saw a net inflow of $22.117 million yesterday, with none of the nine ETFs experiencing net outflows.
Bitcoin spot ETF saw a net inflow of $260 million yesterday, continuing a three-day net inflow.
Abraxas Capital has significantly increased its holdings of ETH, withdrawing over $650 million in the past ten days.
According to Lookonchain, since May 7, Abraxas Capital has withdrawn a total of 278,639 ETH from exchanges, worth approximately $655 million, with an average purchase price of $2,350, leading to an unrealized gain of $77 million.
Grayscale addresses transferred nearly 400 BTC and 6,562 ETH to Coinbase.
On-chain data shows that Grayscale Bitcoin Trust addresses transferred a total of 378.63 BTC to Coinbase Prime at 21:07 (Beijing time), equivalent to approximately $39.24 million at current prices, involving two transaction addresses. The Grayscale address also transferred a total of 6,562 ETH to Coinbase at 21:27, valued at approximately $17.1 million at current market value. This included 1,495 ETH (about $3.9 million) and 5,067 ETH (about $1.32 million). Additionally, at 21:24, the Grayscale address transferred a total of 13,070 ETH (worth about $34.05 million) to two unknown addresses.
An organization or team has transferred 6.7 million LDO to CEX in the past 20 hours, having transferred 17.81 million LDO to CEX in the last four days.
According to on-chain analyst Yu Jin's monitoring, in the past 20 hours, another 6.7 million LDO (worth $6.61 million) has entered Binance, OKX, Bybit, and Gate. This organization or team has transferred 17.81 million LDO (worth $18.14 million) to CEX in the last four days. The price of LDO has also dropped from $1.16 to its current $0.93, a decline of 20%.
Yesterday, it was reported that over the past three days, two addresses, including one possibly belonging to the Lido team, transferred 11.11 million LDO (worth $11.53 million) to Binance, OKX, Bybit, and Gate.
The 'whale borrowing to go long on 10,543 ETH' has closed its position, incurring a total loss of $1.42 million in this round.
According to on-chain analyst @ai_9684xtpa's monitoring, the 'whale borrowing to go long on 8,613 ETH' liquidated 10,543 ETH (worth $26.08 million) at $2,473.61 an hour ago, as the average long price was $2,608.36, incurring a total loss of $1.42 million.
This morning's news: 'A whale borrowing to go long on 8,613 ETH' borrowed another 5 million USDT 10 hours ago during the market drop to buy 1,930 ETH.
Tether has issued a total of 75.7 billion USDT on Tron, surpassing Ethereum.
According to Lookonchain monitoring, Tether minted 16 billion USDT on the Tron network in 2025. Tether has issued a total of 75.7 billion USDT on Tron, surpassing Ethereum.
