ChainCatcher news, according to CoinDesk, earlier today the U.S. Senate confirmed that Federal Reserve Governor Michelle Bowman has been promoted to Vice Chair for Supervision. The new Vice Chair will have a say in both the banking access for cryptocurrencies and the issuance of stablecoins. The position of Vice Chair for Supervision was established after the 2008 global financial crisis to help the Federal Reserve focus on its regulatory responsibilities, distinct from its more well-known role in managing U.S. monetary policy.The banking sector has always been a pain point for the cryptocurrency industry. Previously, the Federal Reserve and the other two major banking regulators took a highly cautious approach to the crypto space, but in April of this year, they lifted previous restrictions on banks providing services to the crypto industry. The Federal Reserve's potential regulatory role for stablecoin issuers remains unclear, and related regulatory legislation is still under discussion.Republican lawmakers are working to exclude the Federal Reserve from stablecoin regulatory responsibilities, but the latest legislation under consideration still stipulates that the Federal Reserve will regulate stablecoins issued within banks and assess whether foreign regulatory bodies are adequately equipped to handle issuers outside the U.S.

ChainCatcher news, according to Bitcoin Magazine, the Romanian state postal service operator Posta Romana has announced that multiple post offices will install cryptocurrency terminals.Posta Romana stated in a release on Tuesday: "The first cryptocurrency terminal has been put into operation at Post Office No. 1 in Târgu Jiu, and this initiative promotes the expansion of cryptocurrency transactions and increases the inclusivity of digital finance. Next, cryptocurrency terminals will be installed at four other post offices in Alexandria, Piatra Neamț, Botoșani, and Nădlac."

ChainCatcher news, Cobo's Vice President of Custody, alexzuo, stated that Singapore's MAS has released the final guidelines for the DTSP regulatory framework under the Financial Services and Markets Act (FSMA), which will take effect on June 30, 2025. Non-compliant DTSPs must cease operations immediately.DTSP refers to institutions in Singapore that provide token trading, transfers, custody, and other services to overseas clients. However, those holding PSA/SFA/FAA licenses or exempted from them do not need to apply for a new DTSP license but must still meet new obligations, such as stricter technology risk management, annual audits, and reporting significant security incidents within one hour. MAS emphasizes the shift from "whether licensed" to "whether compliant" and implements tiered regulation for stablecoins.

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) has won a court victory of $1.1 million in a cryptocurrency fraud case, with the defendant failing to respond to the charges. A federal judge in Georgia issued a default judgment in favor of the SEC against Keith Crews. The SEC filed a lawsuit against Crews in August 2023, accusing him of participating in cryptocurrency fraud, but Crews did not respond or defend himself.Judge Tiffany Johnson ruled that Crews must pay over $1.1 million in financial penalties, which includes the return of $530,000 in net profits obtained from his alleged misconduct, nearly $51,000 in pre-judgment interest, and a $530,000 civil penalty. Additionally, the judge ruled that Crews is permanently banned from violating securities laws again.

ChainCatcher news, according to Cointelegraph, a man accused of being one of the masterminds behind a series of recent kidnapping cases in France aimed at obtaining cryptocurrency has been arrested in Morocco.Moroccan police arrested 24-year-old French-Moroccan Badiss Mohamed Amide Bajjou at the request of French authorities. He is accused of being the mastermind behind a series of cryptocurrency-related kidnappings in France. Bajjou was wanted by Interpol on multiple charges, including kidnapping, unlawful confinement, and extortion. This arrest demonstrates Morocco's cooperation with France in combating organized crime.

ChainCatcher news, at the recent Consensus conference held in Toronto, Canada, Bitget's Chief Operating Officer Vugar was interviewed by Cointelegraph, sharing his observations on the changing behavior of retail investors in the current crypto market. He pointed out that due to the impact of the last market cycle, stock market volatility, and global macro uncertainties, retail investors' risk appetite has significantly decreased, and investment strategies are shifting from high-risk speculation to more rational and sustainable paths. To adapt to this trend, Bitget is accelerating the expansion of payment and application services, including stablecoin solutions and products like Bitget Pay, aiming to meet users' diverse needs in daily consumption and asset allocation.Vugar also stated that the crypto market is gradually moving away from the traditional "bull-bear cycle" model, transitioning to a structured development composed of multiple "phased markets." "In the future, we may no longer experience distinctly defined bull or bear markets, but rather a more fragmented and dynamic market rhythm."He also emphasized the rapid rise of the decentralized exchange (DEX) ecosystem, which has become an important entry point for many users eager to participate in new asset trading at the first opportunity. The Bitget Onchain module relies on AI algorithms to analyze vast amounts of on-chain data and user behavior models, intelligently filtering potential tokens to help users more efficiently discover quality assets and enhance trading decision-making efficiency.Finally, Vugar concluded, "We believe that future crypto platforms must achieve a balance between security, compliance, and flexibility, which is the core competitiveness that Bitget is striving to build."

ChainCatcher news, according to Decrypt, the California Assembly passed AB-1052 on Tuesday with a unanimous vote of 78-0. This bill stipulates that if cryptocurrency holders do not demonstrate "ownership interest" in their assets for three consecutive years, the state government may take over these "unclaimed" digital assets. "Ownership actions" include transactions or electronic access to accounts.Unlike the concerns raised on social media, supporters of the bill emphasize that the seized crypto assets will be held in their original form by custodians, rather than being liquidated by the state government. Holders can reclaim their assets at any time, avoiding the risk of forced sales under unfavorable market conditions.The bill essentially incorporates cryptocurrency into the same unclaimed property law framework as traditional assets (such as bank accounts and safe deposit boxes). The bill has been submitted to the California Senate for further review, where it may be amended, vetoed, or passed as is.

ChainCatcher message indicates that, according to SoSoValue data, the crypto market has experienced a pullback for two consecutive days, with the Meme and DeFi sectors dropping 3.59% and 3.72% respectively in the last 24 hours. Within the Meme sector, Bonk (BONK), dogwifhat (WIF), and Fartcoin (FARTCOIN) fell by 7.42%, 9.65%, and 10.62% respectively, while SPX6900 (SPX) rose by 3.35% against the trend. In the DeFi sector, Chainlink (LINK), Uniswap (UNI), and Ethena (ENA) decreased by 4.03%, 5.93%, and 9.97% respectively.Additionally, Ethereum (ETH) remained relatively strong, dropping 0.28% in the last 24 hours, fluctuating around $2600. Bitcoin (BTC) fell by 0.91%, retreating to $104,000.In other sectors, the CeFi sector dropped 0.58% in the last 24 hours, with Hyperliquid (HYPE) down 3.29%; the Layer1 sector decreased by 1.93%, but TRON (TRX) rose by 1.26%; the PayFi sector fell by 2.63%, with Keeta (KTA) rising by 3.62% against the trend; the AI sector dropped 3.54%, with Bittensor (TAO), Worldcoin (WLD), and Virtuals Protocol (VIRTUAL) falling by 2.85%, 5.33%, and 7.22% respectively; the Layer2 sector decreased by 3.58%, with Optimism (OP) down 5.79%.The crypto sector indices reflecting historical performance show that the ssiAI, ssiDeFi, and ssiRWA indices fell by 4.93%, 4.28%, and 4.24% respectively in the last 24 hours.

ChainCatcher news, according to The Block, during the review of the "Digital Asset Market Clarification Act" (CLARITY) by the U.S. House Financial Services Committee, some Democratic lawmakers questioned President Trump's involvement in cryptocurrency, stating that it could constitute a conflict of interest and interfere with the legislative process. The 236-page bill aims to clarify the regulatory responsibilities of the SEC and CFTC regarding the cryptocurrency market and requires companies to disclose information and separate customer funds.Although the bill has some support from Democrats, Democratic lawmakers are calling for the inclusion of conflict of interest provisions, or they will oppose its passage. The committee is expected to continue its review next week.

ChainCatcher message, security company Wiz has discovered that a hacker organization codenamed JINX-0132 is massively exploiting configuration vulnerabilities in DevOps tools for cryptocurrency mining attacks. The attack primarily targets tools such as HashiCorp Nomad/Consul, Docker API, and Gitea, with approximately 25% of cloud environments at risk. The attack methods include: deploying XMRig mining software using Nomad's default configuration, executing malicious scripts through Consul's unauthorized API, and controlling exposed Docker API to create mining containers.

ChainCatcher news, according to Jin10, JPMorgan plans to offer financing services for cryptocurrency ETFs to its clients.

ChainCatcher news, according to Barrons, French Minister of Justice Gérald Darmanin announced that the mastermind Badiss Mohamed Amide Bajjou, suspected of orchestrating multiple kidnapping cases against French cryptocurrency practitioners, has been arrested in Morocco.The suspect has been subject to a red notice issued by Interpol for charges including kidnapping, extortion, and money laundering. Investigations reveal that Bajjou recruited young people online to form criminal gangs, carrying out several violent kidnapping incidents, including an attempted kidnapping of the daughter of the CEO of Paymium.

ChainCatcher news, U.S. Senator Elizabeth Warren stated on social media that Republicans slipped a crypto wallet exemption clause into the "GENIUS Act" at the last minute, and now the Trump family is planning to launch a crypto wallet. She will propose an amendment to close this loophole, and this bill will not pass without serious anti-corruption measures.

ChainCatcher news, according to PR Newswire, the derivatives market CME Group announced the May futures contract data, with an average daily trading volume of 28.9 million contracts on the platform, where the average daily trading volume of cryptocurrency contracts increased by 145%, including:Ethereum futures contracts recorded an average daily trading volume of 17,000 contracts;Micro Ethereum futures contracts saw an average daily trading volume increase of 235%, reaching 92,000 contracts;Micro Bitcoin futures contracts experienced an average daily trading volume increase of 95%, reaching 65,000 contracts.

ChainCatcher news, according to a Cointelegraph article, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated that the formulation of future cryptocurrency-related policies will adopt a public rulemaking process rather than advancing through enforcement actions.Atkins emphasized that this process will be conducted through "Notice and Comment" to ensure that the public can participate in policy-making and provide feedback.

ChainCatcher news, Matrixport released a daily analysis stating that "the new South Korean President Lee Jae-myung is actively promoting a series of cryptocurrency reform initiatives, clearly supporting the legalization of spot Bitcoin ETFs, issuing stablecoins pegged to the Korean won, and easing restrictions for institutional investors entering the crypto market.In addition, Lee Jae-myung plans to revise the current regulatory framework for trading platforms and establish a 'Digital Asset Committee' to promote the formulation and implementation of relevant policies such as the 'Basic Law on Digital Assets.' These initiatives aim to align with global financial development trends, strengthen South Korea's financial sovereignty, and accelerate the integration of digital assets into South Korea's mainstream economy. Despite the increasingly friendly regulatory environment, local cryptocurrency trading activity in South Korea remains relatively sluggish, and the President's reform commitments have yet to fully boost market enthusiasm." According to Matrixport's report charts, South Korea's cryptocurrency trading volume is currently still close to historical lows, having significantly declined since the beginning of the year.

ChainCatcher message, SlowMist has released a security alert that the Android banking Trojan "Crocodilus" has recently upgraded, leading to attacks targeting global cryptocurrency users and banking applications. The main threats include: spreading through fake browser updates in Facebook ads; using overlay attacks to steal login credentials; extracting cryptocurrency wallet recovery phrases and private keys; injecting fake "bank support" numbers into contact lists; malware as a service: available for rent (100-300 USD per attack). Users are reminded to avoid unknown app updates and ad links.

ChainCatcher news, South Korea's left-wing party candidate Lee Jae-myung has been elected as the new president of South Korea with a vote rate of 49.42%, defeating his right-wing opponent Kim Moon-soo who received 41.15%. Lee Jae-myung has promised to vigorously develop South Korea's cryptocurrency industry, with key policies including: allowing local adoption of spot cryptocurrency ETFs, establishing a Korean won stablecoin market, improving the regulatory framework for digital assets, and reducing blockchain regulation in specific areas to promote innovation.South Korea is one of the largest cryptocurrency markets in the world, with 9.7 million trading users, accounting for about 20% of the total population. Unlike the previous president Yoon Suk-yeol's unfulfilled promises of being crypto-friendly, Lee Jae-myung is expected to push for the implementation of his cryptocurrency policies against the backdrop of a shift in attitude from the Financial Services Commission.

ChainCatcher news, according to SoSoValue data, the cryptocurrency market is generally in a pullback, with only the PayFi, RWA, and SocialFi sectors remaining relatively strong, up 1.20%, 0.22%, and 0.01% respectively over the past 24 hours. In the PayFi sector, XRP and Telcoin (TEL) rose by 1.93% and 2.76% respectively. In the RWA sector, Maker (MKR) and Plume (PLUME) increased by 6.42% and 7.34% respectively. In the SocialFi sector, Galxe (GAL) and Mask Network (MASK) rose by 10.26% and 12.04% respectively.Additionally, Bitcoin (BTC) fell by 0.68% in the last 24 hours, pulling back to $105,000, while Ethereum (ETH) decreased by 0.91%, still maintaining above $2,600.In other sectors, the DeFi sector dropped by 0.10% in the last 24 hours, but Aave (AAVE), Uniswap (UNI), and Four (FORM) rose by 2.96%, 4.18%, and 6.92% respectively; the CeFi sector fell by 0.15%, with LEO Token (LEO) remaining relatively strong, up 5.91%; the Layer2 sector decreased by 1.07%, while Stacks (STX) and Movement (MOVE) rose by 1.32% and 1.60% respectively; the Layer1 sector fell by 1.23%, and the Meme sector dropped by 2.93%.The cryptocurrency sector indices reflecting historical market trends show that the ssiPayFi, ssiRWA, and ssiDeFi indices rose by 1.49%, 0.82%, and 0.58% respectively over the past 24 hours.

ChainCatcher news, according to Alternative data, today's cryptocurrency Fear and Greed Index is 62 (yesterday it was 64), indicating a cooling of the market's "greed" sentiment.