Daily Market Report (May 17, 2025, 20:20)
ChainDD's market report on May 17 shows that the comprehensive index and CoinMarketCap quotes:
BTC is priced at $102,331.76, down about 1.67%;
ETH is priced at $2,550.45, down about 3.03% in the last 24 hours;
BNB is priced at $653.39, down about 0.38% in the last 24 hours;
DOGE is priced at $0.2261, down about 4.99% in the last 24 hours;
SOL is priced at $170.71, down about 5.94%.
Crypto Circle Dynamics
The UK will require crypto companies to report user and transaction data starting in 2026.
According to the UK's upcoming Cryptoasset Reporting Framework (CARF), starting in 2026, all crypto asset companies operating in the UK must collect and report detailed data on users and their transactions. This includes users' legal names, addresses, tax identification numbers, as well as the amount, asset type, quantity, and nature of each transaction. This regulation also applies to overseas companies providing services to UK customers. If the reported data is incomplete or incorrect, each user could face a fine of up to £300. The UK government encourages businesses to start data collection early to ensure compliance.
This move aims to strengthen regulation of the crypto industry, boost investor confidence, and achieve closer cooperation with countries like the United States on digital asset regulation. Compared to the EU's Markets in Crypto-Assets (MiCA) regulation, the UK has chosen to incorporate crypto assets into the existing financial framework rather than establishing an independent system, demonstrating a more open and global regulatory approach.
The U.S. Securities and Exchange Commission will review executive compensation disclosure rules.
The U.S. Securities and Exchange Commission (SEC) announced a roundtable discussion on June 26 with representatives from listed companies, investors, and experts in relevant fields to discuss executive compensation disclosure requirements. The statement noted that executive compensation disclosure requirements are continually expanding, increasingly focusing on the changes in the components of compensation rather than the total amount of compensation. 'It remains unclear whether the increased complexity provides investors with additional information that is critical to investment and voting decisions.' The SEC stated that a retrospective review of executive compensation disclosure rules is necessary to ensure these rules remain cost-effective while disclosing key information without overwhelming investors with excessive non-material information.
Nasdaq has notified Canaan Inc. that it must meet minimum bid price requirements within 180 days.
Canaan Inc. received a written notice from the Nasdaq Stock Market on May 13, 2025, stating that the company does not comply with Nasdaq listing rule 5550 (a) (2), as the closing price of its American Depositary Shares has been below $1.00 per share for the past 30 consecutive trading days. According to Nasdaq listing rule 5810 (c) (3) (A), Canaan Inc. is allowed to regain compliance with minimum bid price requirements within a compliance period of 180 calendar days (i.e., by November 10, 2025), during which the closing price of its American Depositary Receipts must reach or exceed $1.00 per share for at least 10 consecutive trading days. It is reported that the Nasdaq notice has no direct impact on the listing or trading of the company's securities on Nasdaq.
The mayor of Panama City hints at establishing a Bitcoin reserve.
Mizrachi posted information about 'Bitcoin Reserves' on social media platform X after meeting with Salvadoran Bitcoin adviser Max Keiser and Bitcoin office head Stacy Herbert. It is reported that the three discussed how Panama and El Salvador could leverage renewable energy to promote Bitcoin mining development. In addition, Panama City will incorporate El Salvador's financial literacy textbooks into its online library system.
