ChainCatcher news, Hong Kong Legislative Council member Wu Jietzhuang tweeted that the Hong Kong Legislative Council has passed the "Stablecoin Bill" in the third reading, expecting to launch a licensing mechanism within the year, allowing institutions to apply to the Monetary Authority to become compliant stablecoin issuers. The bill requires issuers to peg to fiat currency and comply with reserve management, redemption mechanisms, customer asset segregation, anti-money laundering, information disclosure, and other compliance requirements, with regulatory details to be consulted separately. Hong Kong welcomes global companies to apply for issuance in the city.

ChainCatcher news, according to The Block, although the deadlines for several executive orders have passed without public announcement, analysts believe that Trump's upcoming Memecoin gala and Vance's Bitcoin 2025 keynote speech may provide new information.Analysts at K33 stated that the development of crypto policy remains a key catalyst, urging participants to pay attention to potential developments in strategic Bitcoin reserves in the coming days.However, analysts warned that recent executive orders could have far-reaching impacts on the digital asset market. The Trump administration has signed multiple executive orders, including the establishment of strategic Bitcoin reserves and a U.S. digital asset reserve, aimed at making the U.S. a global cryptocurrency hub.

According to ChainCatcher news, the AI crypto project Giza has announced the GIZA tokenomics, with a fixed total supply of 1 billion tokens, of which:22.21% is allocated to the community;22.10% is allocated to the treasury (4 years linear unlock);31.44% is allocated to early supporters and investors (3 years linear unlock);18.25% is allocated to the project team (3 years linear unlock);6% is allocated to ecological partners.At the Token Generation Event (TGE), the portions for investors, the team, and the treasury will all be unlocked at zero. The first season of airdrop eligibility includes early Arma users, social contributors, community leaders, and early Giza contributors.

ChainCatcher message, to celebrate Bitcoin Pizza Day, BitMart and ChainCatcher are launching a joint lottery event for Bitcoin Pizza Festival. Users only need to follow @BitMart_zh and @ChainCatcher_, like and retweet the event tweet, and leave a comment with their favorite pizza flavor and #BitMartGivesPizza to participate in the lottery. BitMart will randomly select three lucky users to receive pizza vouchers on May 22.Click the link to participate

ChainCatcher news, according to Fortune, Catena Labs, a new company founded by Circle co-founder Sean Neville, has completed a $18 million seed round financing, led by the crypto division of Andreessen Horowitz, with participation from Breyer Capital, Circle Ventures, Coinbase Ventures, and American football player Tom Brady.Catena Labs plans to create an "AI-native bank." Investors will receive equity and subscription rights for unissued cryptocurrency tokens. Sean Neville stated that the company currently has no plans to issue cryptocurrencies or stablecoins.Catena Labs has developed an open-source protocol for AI payments and identity verification. The company will integrate, but not be limited to, stablecoin technology, aiming to update existing financial infrastructure to accommodate future financial transaction scenarios dominated by AI agents.

ChainCatcher news, according to Fortune, AI-native financial startup Catena Labs, founded by Circle co-founder Sean Neville, has completed a $18 million seed round financing, led by Andreessen Horowitz's crypto division, with participation from Breyer Capital, Circle Ventures, Coinbase Ventures, and American football player Tom Brady.Catena Labs plans to create an "AI-native bank." Investors will receive equity and the right to subscribe to tokens of unissued cryptocurrencies. Sean Neville stated that the company currently has no plans to issue cryptocurrencies or stablecoins.Catena Labs has developed an open-source protocol for AI payments and identity verification. The company will integrate, but not be limited to, stablecoin technology, aiming to update existing financial infrastructure to accommodate future financial transaction scenarios dominated by AI agents.

ChainCatcher message, analyst Ali posted a warning for investors to pay attention to the potential risk signals in the current price trend of Bitcoin (BTC). Although Bitcoin is nearing its all-time high, it has reached a major resistance level, while also showing a hanging man candlestick pattern, bearish RSI divergence, and bearish MACD crossover among several technical indicators. These signals collectively suggest that market momentum is stagnating, and investors should maintain a cautious attitude.The analyst emphasizes that risk management is particularly important in the current market environment and recommends closely monitoring the further development of these technical indicators.

ChainCatcher message, IncomeSharks analysis indicates that the SuperTrend indicator for the ETH/BTC trading pair has turned bullish for the first time since 2025, and IncomeSharks claims to have backtested and confirmed its validity, suggesting that a bottom may have been reached.

ChainCatcher news, the Meme application chain Embr.fun announces its mainnet launch. The project is built on Initia, launched by Embr Labs, and supported by Initia Interwoven Stack technology, aiming to explore more fun ways in the Meme economy and committed to becoming the next-generation Meme ecological innovation platform.

ChainCatcher news, according to Decrypt, the U.S. Securities and Exchange Commission has extended the deadline for making decisions on several proposals for exchange-traded funds tracking Solana, based on regulatory filings submitted on Monday. The SEC stated that it needs more time to digest the legal and policy issues related to the applications from 21Shares, Bitwise, VanEck, and Canary Capital. However, these delays do not reflect the likelihood of the regulator approving or rejecting these funds.The SEC stated on Monday: "The filing of a lawsuit does not indicate that the Commission has reached any conclusions on the matters involved." The Commission seeks and encourages interested parties to comment on the proposed rule changes.

ChainCatcher news, according to on-chain analyst Ai Yi (@ai_9684xtpa), thanks to the significant rebound of BTC & ETH, the contract funding rates of the two major cryptocurrencies have recently increased. The supply of USDe has grown by 300 million dollars in the past week, bringing the total supply to 4.98 billion dollars. Analysts indicate that this signal may suggest a warming of the overall market.

ChainCatcher news, official news, OKX Wallet has now opened the SOON investment qualification inquiry. Users can operate through the OKX Wallet App or the plugin, and the distribution will start on May 23 at 19:00 (UTC+8). At the same time, OKX Wallet will also gradually launch a series of activities such as the SOON early access whitelist.It is reported that SOON is a high-performance SVM Rollup, dedicated to providing high-performance support for every L1 blockchain (starting from Ethereum). OKX Wallet is the industry-leading one-stop Web3 gateway, now supporting over 130 popular public chains.

ChainCatcher news, according to News.bitcoin, Messari's "Q1 2025 Solana Status Report" shows that in the first quarter of this year, the Solana blockchain achieved its strongest performance in 12 months, with total revenue increasing by about 20% from $970.5 million in the previous quarter to $1.2 billion. January was particularly noteworthy, accounting for nearly 60% of the total revenue for the quarter.The popular memecoin issuance platform Pump.Fun topped all applications with $257 million in revenue, followed by Phantom with $164 million. Photon ranked third with revenue reaching $122 million (a 13% increase); Bullx ranked fourth with revenue of $87 million (a 19% increase). Jupiter ranked fifth with revenue of $80 million (a 79% increase).At the same time, the report indicated that the total value locked (TVL) in DeFi on Solana (in USD) decreased by 64% to $6.6 billion. Meanwhile, the market capitalization of stablecoins on Solana surged by 145% to $12.5 billion, primarily due to the launch of the Trump memecoin on January 17. The market capitalization of the USDC stablecoin increased by 148% to $9.7 billion. Its market cap is four times that of its main competitor USDT, which grew by 154% to $2.3 billion. During this period, the average transaction fee decreased by 24% to 0.000189 SOL ($0.04), while the median transaction fee fell by 7% to 0.000008 SOL ($0.0015).

ChainCatcher news, Coinbase Institutional Research Director David Duong posted on the X platform that ETH experienced a significant price increase last week, primarily driven by technical factors. The analysis pointed out that this increase reflected a large number of traders in incorrect positions conducting short covering and subsequent position adjustments, causing ETH's price movement to catch up with other major tokens like BTC and SOL. However, David believes that despite this price performance, it may indicate that the market's willingness to allocate more broadly to ETH remains relatively limited.

ChainCatcher message, crypto detective ZachXBT commented on the recent user data breach incident at Coinbase, pointing out that the exchange's practice of requiring phone numbers is extremely unsafe. He emphasized that scammers have stolen large amounts of money by spoofing calls and texts that appear to be from "Coinbase."ZachXBT stated that since most people have only one phone number and many websites require it, these numbers eventually get exposed in data breaches, making it nearly impossible for technically inexperienced users to defend against such attacks. Previously, reports indicated that some attackers obtained information by bribing Coinbase employees, specifically targeting high-net-worth account users with 7-8 figure assets.

ChainCatcher news, according to Jin10 data reports, Trade Nation analyst David Morrison stated in a report that the cryptocurrency industry seems to be looking for a new catalyst to drive prices significantly higher. "As traders continue to assess the broader risk backdrop, the market tone remains cautiously optimistic." Bitcoin prices have recently rebounded from April's lows and are currently hovering in the range of $101,000 to $105,000.

ChainCatcher news, according to Cointelegraph, the Bank for International Settlements (BIS) has partnered with the Innovation Center of the Federal Reserve Bank of New York to conduct research testing a tokenized monetary policy toolkit based on smart contracts. This experiment, named Project Pine, aims to explore how blockchain technology can help central banks achieve rapid policy responses in future tokenized financial systems.According to a report released by the BIS on May 15, the research team developed a prototype of a "universal customizable tokenized monetary policy toolkit" and validated its flexibility in hypothetical scenarios. The results showed that central banks could instantly adjust policy tool parameters, such as collateral standards and interest rates, and complete the substitution of liquidity collateral and non-liquid collateral within 10 minutes.The BIS emphasized that if currency and securities tokenization are widely adopted, smart contracts will become the core technology for implementing monetary policy. This framework allows central banks to "instantly" deploy new facilities, such as adjusting reserve interest rates or providing liquidity support, enabling rapid responses to crises like declines in collateral value. The report stated that this speed and flexibility provide central banks with new ideas for addressing "emergencies and rapidly evolving risks."However, the report also pointed out the limitations of the current financial infrastructure. Most traditional systems are not yet compatible with advanced use cases like smart contracts, and central banks may face challenges in advancing technological integration. The testing of Project Pine used the Ethereum ERC-20 token standard and combined it with another "access control" standard to ensure compliance.In recent years, financial institutions have accelerated their layout of tokenization technology. At the Consensus 2025 conference, Joseph Spiro, Director of Digital Asset Products at the Depository Trust & Clearing Corporation (DTCC), stated that stablecoins are an "ideal" tool for real-time collateral management in transactions such as loans or derivatives. This collaboration between the BIS and central banks further confirms the trend of exploration of blockchain technology in the traditional financial sector.

ChainCatcher news, according to an announcement from YZi Labs, has appointed Cathy Dou as the Head of Incubation Operations, responsible for the 10-week offline incubation project EASY Residency, which starts on June 2.The first stop of the project is located in Silicon Valley, California, targeting top startup teams in the fields of Web3, AI, and healthcare, providing funding, accommodation, meals, and mentorship resources. There are plans to expand to locations such as Singapore and Dubai. Applications will close on May 22 at 14:59 Beijing time.

ChainCatcher news, according to an announcement from YZi Labs, the company has appointed Cathy Dou as the Head of Incubation Operations, responsible for the 10-week offline incubation project EASY Residency, which starts on June 2.The first stop of the project is located in Silicon Valley, California, targeting top startup teams in the fields of Web3, AI, and healthcare, providing funding, accommodation, meals, and mentorship resources. There are plans to expand to locations such as Singapore and Dubai in the future. Applications will close at 14:59 Beijing time on May 22.