Trump Orders Fed to Review Crypto Firms' Access to Payment Rails
According to CoinDesk, President Donald Trump signed an executive order Tuesday directing federal financial regulators to integrate digital assets and innovative technology into traditional payment systems. The order gives regulators three months to identify rules that unduly impede fintech partnerships with federally regulated institutions, and six months to encourage innovation. It also asks the Federal Reserve to review how uninsured depository institutions and non-bank financial firms access payment accounts, and whether the 12 regional Fed banks can independently grant such access — a provision that may benefit Wyoming special purpose depository institutions. The Independent Community Bankers of America warned that significant regulatory gaps remain between banks and non-bank entities.
SEC Proposes Largest IPO Rule Overhaul in Decades, Letting Newly Public Firms Raise Cash Instantly
According to CoinDesk, the U.S. Securities and Exchange Commission has proposed the most sweeping overhaul of registered offering rules in more than 20 years, aimed at reversing a long-term decline in U.S. public listings by cutting compliance costs and simplifying capital raising. The package would allow newly public companies to use shelf registrations immediately after an IPO — scrapping the current roughly one-year waiting period and eliminating the $75 million public float requirement tied to unrestricted shelf offerings. Companies would also be able to pre-register securities and sell shares quickly when market conditions improve, a flexibility that could prove critical for crypto firms operating in volatile markets. The proposal would expand streamlined regulatory accommodations to roughly 75% of listed firms, up from the current 36%, and raise the large accelerated filer threshold from $700 million to $2 billion in public float — with companies needing to exceed it for two consecutive years before facing the SEC's toughest audit and reporting requirements. Newly listed companies would also remain exempt from strictest reporting for at least five years. The reforms do not create crypto-specific rules but signal a broader SEC shift toward encouraging capital formation. The rules are open for 60-day public comment.
Japan Opens Payment System to Foreign Trust-Type Stablecoins
Japan's Financial Services Agency (FSA) has finalized rules allowing foreign-issued trust-type stablecoins into its payment system, effective June 1, according to BeInCrypto. This regulatory change reclassifies qualifying foreign trust-type stablecoins as Electronic Payment Instruments under the Payment Services Act, integrating them into Japan's financial infrastructure. The reform requires foreign issuers to meet Japanese standards on licensing, auditing, and anti-money laundering. Domestic intermediaries will verify compliance, with major players like SBI VC Trade preparing for licensed services involving stablecoins such as USDC. This move could accelerate global capital inflows and expand payment applications.
CFTC and DOJ Challenge Minnesota's Prediction Market Ban
The Commodity Futures Trading Commission and the US Department of Justice sued Minnesota, Governor Tim Walz and other state officials on Tuesday over what the agencies describe as the nation's first outright ban on prediction markets, The Block reports. The lawsuit, filed less than 24 hours after Walz signed SF 4760 into law, argues that Minnesota is unlawfully attempting to regulate federally overseen derivatives that fall under the CFTC's "exclusive jurisdiction." The CFTC called the ban a "flagrant and unprecedented incursion" and is seeking a preliminary and permanent injunction before the law takes effect on Aug. 1. The complaint also challenges provisions extending criminal liability to banks, payment processors, media organizations and sports leagues — including MLB, the NHL, Fox, Dow Jones and the Wall Street Journal — that partner with prediction market platforms. The suit is the latest escalation in a widening jurisdictional clash that has seen the CFTC sue Illinois, Arizona and Connecticut over similar state-level efforts to restrict platforms like Kalshi and Polymarket.
Kevin Warsh Sells Major Financial Assets Ahead of Fed Chair Role
Kevin Warsh, the designated Chair of the Federal Reserve, has sold a significant portion of his financial assets as part of his commitment to divest before assuming his new role. According to Odaily, recent government documents reveal this move as a crucial step in addressing controversies surrounding his nomination. Warsh, known as one of the wealthiest Federal Reserve officials in history, received an 'Asset Divestiture Certificate' dated May 16 from the U.S. Office of Government Ethics (OGE). The documents indicate that he has sold investments worth at least $100 million, although the underlying assets were not previously disclosed. However, the documents did not include two assets Warsh had pledged to sell before taking office, each valued between $250,000 and $500,000. Warsh's financial disclosure during his nomination process showed assets totaling at least $192 million. Due to the range-based reporting format, it is widely believed that his actual wealth could be higher.
Trump Media & Technology Group's Truth Social has filed to withdraw its applications for spot bitcoin and bitcoin-ethereum ETFs, The Block reports, citing SEC filings submitted Monday. The withdrawal covers Form S-1 registration statements originally filed in June 2025. Yorkville America, the funds' sponsor and advisor, said the move is strategic, with President Steve Neamtz stating the Investment Company Act of 1940 framework allows "more differentiated investment strategies" not available under the Securities Act of 1933. Bloomberg analyst James Seyffart suggested the retreat is driven by intense competition in the spot bitcoin ETF market, particularly after Morgan Stanley's MSBT launched at 14 basis points and attracted over $230 million in inflows. U.S. spot bitcoin ETFs have amassed more than $57.7 billion in cumulative inflows since their landmark approval in January 2024. Truth Social's ETF applications had faced SEC delays, and an approved fund would have added to President Trump's growing crypto-related ventures including memecoins and World Liberty Financial.
Deloitte Absorbs Blocknative to Enhance Web3 Innovation
Deloitte has acqui-hired blockchain infrastructure firm Blocknative, with its team set to focus on driving Web3 innovation across the consulting giant's client portfolio, The Block reports. Blocknative, founded in 2018, is now "in the process of ceasing operations," with its API and Gas Network services — which provided real-time mempool monitoring, gas fee prediction and transaction management — expected to operate only through June 19. CEO Matt Cutler said the chapter on "mempool visibility, transaction orchestration, block building, MEV auctions, private order flow, transaction pricing, and more" is closing. It is unclear whether the entire Blocknative team will join Deloitte.
According to TechCrunch, Google launched Gemini 3.5 Flash at its annual I/O developer conference on Tuesday, calling it the company's strongest model yet for coding and autonomous AI agents. DeepMind Chief Technologist Koray Kavukcuoglu said the model outperforms Gemini 3.1 Pro on nearly all benchmarks and runs four times faster than other frontier models, with an optimized version reaching twelve times the speed at the same quality. Google demonstrated agents spawning to build a full operating system inside Antigravity, its agentic development platform. The launch signals Google's shift from conversational AI to agentic AI capable of planning and executing work with minimal human input.
Ohio Investment Manager Sentenced for $10M Cryptocurrency Fraud
An Ohio investment manager has been sentenced to nine years in prison for orchestrating a cryptocurrency fraud scheme that defrauded investors of over $10 million. According to NS3.AI, the U.S. Department of Justice reported that Rathnakishore Giri pleaded guilty to wire fraud in October 2024. Despite awaiting sentencing, prosecutors revealed that Giri continued to solicit funds, leading to further financial losses for investors.
IRS Barred from Investigating Trump Family Under New Lawsuit Terms
A newly disclosed term in the settlement agreement resolving Donald Trump's $10 billion lawsuit against the IRS permanently bars the federal government from pursuing past tax claims, audits or examinations involving the president, his family and his companies, CNN reports. The clause states the government is "FOREVER BARRED and PRECLUDED" from investigating tax returns filed before the settlement date, including matters that "were raised or could have been raised" and those already pending before the IRS. The one-page addendum was signed by acting Attorney General Todd Blanche — Trump's former personal attorney — and surfaced via a hyperlink attached to a DOJ press release. The settlement also creates a nearly $1.8 billion taxpayer-funded "anti-weaponization" compensation fund administered by a commission whose members are chosen by Trump's attorney general and removable by the president. Trump, his family and their entities agreed not to seek payments from that fund.
Zerohash Seeks New Funding Above $1.5 Billion Valuation After Mastercard Drops Investment Plans
Crypto infrastructure provider Zerohash is raising fresh capital at a valuation above $1.5 billion after Mastercard abandoned its investment plans, according to CoinDesk, citing people with knowledge of the matter. Mastercard walked away following its $1.8 billion acquisition of UK-based stablecoin infrastructure firm BVNK in March, after earlier advanced talks to acquire the Chicago-based company at up to $2 billion fell through when Zerohash opted to remain independent. Zerohash, which serves more than 5 million users across 190 countries and counts Morgan Stanley, Interactive Brokers, Stripe and BlackRock's BUIDL fund among its clients, was last valued at $1 billion in a $104 million Series D-2 round in September 2025.
Meta Initiates Global Job Cuts, Focuses on AI Integration
Meta has reportedly started reducing its workforce in Singapore as part of a broader strategy to eliminate 8,000 positions worldwide. According to NS3.AI, this move is part of Meta's increased emphasis on artificial intelligence. Bloomberg noted that employees in the United States and Europe were also anticipated to receive notifications regarding job cuts that morning.
Hyperliquid Dominates Weekly Protocol Fee Share with $11 Million in Fees
Hyperliquid has captured a significant portion of the weekly protocol fee share, accounting for 43% after generating approximately $11 million in fees. According to NS3.AI, Ethereum contributed around $3 million, representing 13% of the total, while Solana generated about $2 million, making up 10% during the same period.
Ark Invest Acquires $4.4 Million in Bullish Stock Over Two Days
Ark Invest has made a significant investment in Bullish stock, purchasing $4.4 million worth of shares over the past two days. According to NS3.AI, the firm acquired approximately 520,000 shares on May 18 and an additional 690,000 shares on May 19. This move reflects Ark Invest's continued interest in expanding its portfolio with strategic investments.
Qivalis Secures Support from 37 European Banks for Euro Stablecoin
Qivalis, an Amsterdam-based company, has garnered backing from 37 European banks for its upcoming euro stablecoin, according to ChainCatcher. This includes major institutions such as BNP Paribas, ING Group, and UniCredit Bank. The addition of 25 banks, including ING Bank, Intesa Sanpaolo, and Rabobank, highlights growing concern among executives and policymakers about the dominance of the U.S. dollar in the crypto market. The support makes Qivalis's euro stablecoin project the most backed in Europe. The company has applied for a license from the Dutch Central Bank and aims to be operational once the license is granted later this year.
Vitalik Buterin has outlined several short-term native privacy initiatives for Ethereum on the X platform. According to Foresight News, these initiatives include the integration of Account Abstraction (AA) with FOCIL to provide robust support and packaging guarantees for privacy protocol transactions. Other measures involve the Keyed Nonces proposal and work related to the access layer, which includes features like Kohaku and private reads.
UK Inflation Falls to 2.8% in April, Below Expectations
UK's annual inflation rate decreased to 2.8% in April from 3.3% in March, influenced by government measures to reduce household energy bills. According to Jin10, this figure was lower than the market expectation of 3.0%. Despite the larger-than-expected drop in inflation, the British pound remained largely unchanged. Luke Bartholomew, an economist at Aberdeen Group, noted in a report that this cooling inflation would further ease the pressure on the Bank of England to raise interest rates in the short term. However, he cautioned that regarding the impact of the Iran conflict on inflation, the situation is far from resolved.
Binance Introduces New Yield Arena Offers with Attractive APRs
According to the announcement from Binance, the platform has unveiled new offers in its Yield Arena, providing users with opportunities to earn rewards through various financial products. These offers include Simple Earn, ETH Staking, SOL Staking, and Dual Investment, each designed to cater to different investment preferences. **Earn Spotlight Limited-Time Offers** Eligible users holding at least 0.01 USDe for 24 hours can earn a 4% APR from 2026-05-15 00:00 (UTC) to 2026-05-21 23:59 (UTC). Simple Earn subscribers can enjoy up to 10% APR on KGST Flexible Products and up to 8% APR on U Flexible Products, with specific bonus tiered APRs available from 2026-05-14 00:00:00 (UTC) to 2026-06-13 23:59:59 (UTC) and 2026-05-19 00:00:00 (UTC) to 2026-06-02 23:59:59 (UTC), respectively. **Dual Investment and Product Offerings** From 2026-05-04 02:00 (UTC) to 2026-05-31 23:59 (UTC), users participating in Dual Investment and the May Monthly Challenge can earn up to $8,888 in rewards. Flexible Products offer varying APRs, such as USDT with a real-time APR of approximately 1% plus a 3% bonus tiered APR, and USDC with a similar structure but a 5% bonus. Locked Products include NXPC, TON, ATOM, ETH, BNB, and SOL, each with specific durations and APRs. **Staking Opportunities** ETH and SOL Staking offer dynamic APRs of up to 2.5% and 5%, respectively. Dual Investment provides high-yield opportunities with multiple settlement dates, offering 15% or more APR for BTC and ETH subscriptions. These offers are available on a first-come, first-served basis, with Binance reserving the right to adjust APRs without prior notice.
Alibaba Cloud Announces Partnerships and Model Launches at 2026 Summit
At the 2026 Alibaba Cloud Summit, Alibaba Cloud announced the full opening of its Bailian platform. According to Odaily, the company has partnered with organizations including Dark Side of the Moon, Minimax, Zhipu, Jumpy Star, Aishi Technology, and Shengshu Technology. Models such as GLM-5.1, MiniMax M2.7, Kimi K2.6, Pixverse-v6-it2v, Kling-v3-omni-video-generation, Vidu Q3-Pro, Tripo-H3.1, and mimo-v2.5-pro have been launched on the Bailian platform and are available for sale through the Qianwen Cloud official website.
UK Interest Rate Futures Indicate 52 Basis Point Hike by December
Interest rate futures suggest that the Bank of England is expected to raise interest rates by approximately 52 basis points by December. According to Jin10, this marks a decrease from the 60 basis points anticipated on Tuesday.
Germany's April PPI Annual Rate Exceeds Expectations at 1.7%
Germany's Producer Price Index (PPI) for April recorded an annual rate of 1.7%, surpassing the anticipated 1.5%, according to Jin10. The previous month's figure was -0.20%, indicating a notable increase in producer prices.
The UK's unadjusted output Producer Price Index (PPI) for April increased by 1.4%, surpassing the anticipated 1%. According to Jin10, the previous value was revised from 0.90% to 1.4%.
BlackRock and Vanguard Disclose Small Holdings in Bonk Inc.
BlackRock and Vanguard have disclosed minor holdings in Bonk Inc., according to the latest 13F filings. BlackRock holds 33,188 shares valued at approximately $87,000, while Vanguard holds 188,580 shares valued at around $491,000. According to ChainCatcher, these small positions are typically part of passive index fund allocations and do not necessarily indicate an active investment in meme coins. Last October, Safety Shot, Inc., a Nasdaq-listed company, announced its transformation into Bonk Inc., a digital asset treasury company.
Binance to Conduct Ethereum Network Wallet Maintenance
According to the announcement from Binance, the platform is set to perform wallet maintenance for the Ethereum Network (ETH) on 2026-05-21 at 06:00 (UTC). This maintenance will necessitate the temporary suspension of deposits and withdrawals on the Ethereum Network (ETH), starting from 2026-05-21 at 05:55 (UTC). The maintenance is expected to last approximately one hour. During this period, the trading of tokens on the Ethereum Network will remain unaffected. Binance assures users that all technical requirements will be managed by the platform, ensuring a smooth process. Once the network upgrade is confirmed to be stable, deposits and withdrawals for tokens on the Ethereum Network will be reopened. No additional announcements will be made regarding the resumption of these services.
Rongqi Technology Maintains Strong Partnership with Meta
On May 20, Rongqi Technology announced on its interactive platform that the company continues to maintain a strong partnership with Meta. According to Jin10, Rongqi Technology has received orders throughout the year and is executing them in an orderly manner.
South Carolina Governor Signs Bill Protecting Bitcoin Rights
The Governor of South Carolina has signed Bill S.163 into law, according to Odaily. This legislation safeguards the right to self-custody Bitcoin, prohibits discriminatory taxation on Bitcoin, and ensures the protection of proof-of-work mining rights within the state.
Tron Expands Treasury with Additional TRX Purchase
Tron, a company listed on Nasdaq, has acquired an additional 140,589 TRX at an average price of $0.3556. According to NS3.AI, this purchase increases the company's total TRX holdings to 696.8 million.
Binance Schedules Crypto Analysis and Strategy Live Streams
Binance announced on X a series of live streams featuring crypto analysis and strategy sessions from May 19 to May 24. These sessions aim to provide insights into various trading strategies and market trends. The schedule kicks off with Crypto Xiaopang's session titled 'Naked K Line and Moving Average Analysis' on Wednesday at 14:00. Known for his expertise in technical analysis, Xiaopang will guide viewers through real-time market breakdowns, drawing on ancient Greek mythology to explain the intricacies of moving averages. Following this, ETH Killer-Guyue will host 'Ethereum Strategy' at 15:00 on the same day. This session will delve into Ethereum strategies and the high-stakes world of contract trading, promising an engaging experience for participants. On Thursday at 09:30, Trader Laobai will present 'Bitcoin Trend,' focusing on the ongoing retracement of BTC and identifying key support levels to watch. The week continues with Qingshan BTC - ETH's 'Live Account Flip' on Friday at 09:30, demonstrating how to transform a $100 account into $1,600 through strategic trading. Saturday's session, 'Ethereum Trading' by Lange, is scheduled for 17:00. This session will explore the potential for a major reversal in Ethereum's price, examining whether the market is poised for a rebound or further decline. The series concludes with Fengge's 'Position Management Diary' on Sunday at 20:00, offering a comprehensive guide to position management. Fengge emphasizes that all rebounds before August are opportunities to short the market, providing valuable insights for traders looking to refine their strategies.
Bitcoin's implied volatility remains low despite a recent price selloff, according to CoinDesk. An options specialist suggests that in such a scenario, a long straddle strategy may be preferable. This approach involves buying both a call and a put option with the same strike price and expiration date, allowing traders to potentially profit from significant price movements in either direction.
HYPE has emerged as one of the strongest performing tokens since the onset of the Iranian conflict. According to Odaily, its rise is largely attributed to the platform's expansion beyond crypto assets, including the introduction of perpetual contracts linked to crude oil prices and the recent launch of SpaceX Pre-IPO perpetual contracts. This trend indicates that exchanges are increasingly offering high-volatility products tied to traditional market assets, moving beyond simple crypto narratives. The importance of crypto infrastructure itself is becoming more pronounced. HYPE has surged over 100% from its 2026 low, maintaining strong upward momentum. Despite crowded high-confidence long trades around HYPE, its performance relative to Bitcoin remains notably strong.
OpenAI Invests $2 Million in Each Y Combinator Startup
OpenAI has announced an investment of $2 million in tokens for each startup in the current Y Combinator batch, according to Foresight News. This investment is aimed at acquiring equity and supporting projects focused on the 'TokenMaxxing' direction, as stated by OpenAI CEO Sam Altman on the X platform.
Court Seeks More Evidence in Haru Invest's $580 Million Crypto Misappropriation Case
A new appellate panel is reviewing the Haru Invest case, which involves allegations of misappropriating 800 billion won, approximately $580 million, in customer cryptocurrency assets. According to NS3.AI, the panel has requested additional evidence from both parties involved in the dispute. The initial verdict was criticized for emphasizing business continuity over potential fraudulent conduct. The court is set to hear arguments from both sides on July 22 to determine if investing all customer funds with a single firm amounted to fraud.
South Korean Police Arrest 149 in 110 Billion Won Money Laundering Case Involving USDT
South Korean authorities have apprehended 149 individuals in connection with a money laundering operation involving 110 billion won. According to NS3.AI, the Seoul Metropolitan Police Agency revealed that the domestic group collaborated with an organization based in China. Among those arrested, seven suspects have been detained. The operation reportedly utilized USDT for 72% of the laundered funds.
Bank of England Proposes Extended Operating Hours and Supports Tokenized Payments
The Bank of England has suggested extending the operating hours of its core settlement infrastructure to nearly 24/7, aiming to enhance efficiency and reduce costs. According to NS3.AI, Deputy Governor Sarah Breeden expressed support for tokenized payments, highlighting their potential to lower transaction expenses. She noted that tokenized deposits, regulated stablecoins, and a retail Central Bank Digital Currency (CBDC) could coexist alongside traditional banking accounts. The bank is also reevaluating the restrictions on pound-denominated stablecoins, although a definitive framework has yet to be established.
Hyperliquid to Gradually Lower HYPE Staking Requirement for DEX Deployment
PANews posted on X (formerly Twitter). Hyperliquid has updated its HIP-3 documentation, indicating that the current requirement of staking 500,000 HYPE for deploying a perpetual decentralized exchange (DEX) will be gradually reduced as the infrastructure matures. The document also states that any excess beyond future thresholds can be unstaked. Additionally, it clarifies that each perpetual DEX will have its own independent margin, order book, and deployer settings. Future upgrades may allow multiple DEXs to share the same deployer and staking requirements.
Indonesia's Central Bank Raises Benchmark Rate by 50 Basis Points
Indonesia's central bank has increased its benchmark interest rate by 50 basis points, bringing it to 5.25%. According to Jin10, this move exceeded market expectations, which had anticipated a 25 basis point hike.
Indonesia's reverse repo rate increased to 5.25% as of May 20, surpassing the expected rate of 5% and the previous rate of 4.75%. According to Jin10, this adjustment reflects changes in the country's monetary policy.
Polymarket User Invests Over $150,000 in NBA Playoff Prediction
A Polymarket user has invested more than $150,000 in a prediction event for the NBA Western Conference Finals Game 2 between the Spurs and Thunder. According to Odaily, the account with a 42% win rate (0x86283633b8d8ee0c0d6db3ce4c7a23f811f56f0b) purchased 480,939.3 shares at an average price of 32¢, betting on the Spurs to defeat the Thunder. The NBA Western Conference Finals Game 2 between the Thunder and Spurs is scheduled to start at 8:30 AM on May 21, UTC+8. Currently, the Spurs lead the series 1-0.
Whale Faces Significant Losses on HYPE Short Position
On May 20, a whale has been identified as incurring substantial losses from a short position on HYPE, according to BlockBeats On-chain Detection. Since May 15, the whale has shorted 375,000 HYPE tokens, resulting in an unrealized loss of $1.989 million. The current position size stands at $18.19 million, making it the sixth-largest short position on HYPE, with an average entry price of $43.298.
Indonesia's Central Bank Governor Addresses Inflation Concerns Amid Global Dynamics
Indonesia's Central Bank Governor has highlighted the need to address the impact of global dynamics on inflation, which remains low. According to Jin10, the governor noted that rising crude oil prices, linked to the conflict involving Iran, could potentially affect inflation in China.
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