ChainCatcher news, according to Cointelegraph, the stablecoin project USDKG supported by the Kyrgyzstan government announced the advancement of its fiatization process, which adopts a dual-anchor mechanism of gold reserves and the US dollar. William Campbell, the head of advisors, revealed to Cointelegraph that although this stablecoin is backed by physical gold, it chooses to anchor the exchange rate to the US dollar (1:1), aiming to meet the needs of daily payments and international trade. The gold reserves will be audited every six months by one of the Big Four accounting firms and publicly disclosed on-chain.The Kyrgyzstan government is actively laying out its Web3 strategy through legislative reforms and tax reductions, with 140 crypto enterprises already registered. As a key component of the national digital economy development, USDKG is supported by government-provided gold reserves, but its operational management is independently executed by private entities. The project team stated that in the future, it will integrate DeFi lending and yield farming functions to compete with traditional stablecoins like USDT through differentiated trust endorsements.USDKG plans to officially launch in the next quarter, allowing users to verify gold reserves through on-chain audit reports. Kyrgyzstan is gradually building a Central Asian digital asset hub by lowering tax rates for crypto enterprises and establishing a clear regulatory framework.

ChainCatcher news, according to Jinshi reports, the annualized quarterly rate of the actual GDP in the United States for the first quarter was revised to -0.2%, expected -0.30%, previous value -0.30%.

ChainCatcher news, Nasdaq-listed company DeFi Development Corp (DFDV) announced that it has become the first publicly traded company to invest in Solana liquid staking tokens (LSTs), which will utilize the LST technology developed by Sanctum to invest a portion of its SOL holdings in dfdvSOL.dfdvSOL is a liquid staking token delegated to DFDV validators.

ChainCatcher news, according to Yahoo Finance, blockchain infrastructure company Spetz Inc announced the completion of a $10 million private placement financing first tranche.The company's CEO Mitchell Demeter stated that the funds will be used to purchase Sonic tokens, deploy verification node infrastructure, and implement DeFi strategies.

ChainCatcher news, according to Jinshi reports, U.S. White House officials stated that the news of Musk leaving the government is true, and his departure process will begin tonight local time.

ChainCatcher news, according to Cointelegraph, the crypto venture capital firm Metalayer Ventures, founded by former Chainlink Labs growth lead Mickey Graham and former Two Sigma executives Andy Kangpan and David Winton, has announced the launch of a $25 million fund focusing on investments in stablecoins, asset tokenization, and crypto infrastructure. The fund has already invested in 7 startups, including tax optimization platform AnchorZero, stablecoin service provider Spark Capital, and the on-chain trading protocol Theo, which recently raised $20 million.Metalayer co-founder David Winton developed the proprietary data platform Moirai, which filters potential projects by analyzing on-chain development activities, protocol interactions, and trading patterns. Mickey Graham stated that Moirai is the "core tool for systematically discovering early-stage quality projects," with evaluation dimensions covering technical feasibility, team background, and market fit. The fund plans to ultimately invest in 30 companies, with individual investments ranging from $500,000 to $1 million.

ChainCatcher news, according to official information, the first phase of xBTC has now launched on Aptos, and a series of related activities have begun. Starting from May 28 at 15:00 (UTC+8), users can participate in sharing a reward of 35,865 APT by depositing xBTC, USDC, or APT in Aries Markets, Echo Protocol, or Hyperion. This series of activities will last for 6 months, with a total prize pool equivalent to 3.4 million USD in tokens.It is reported that xBTC is a wrapped Bitcoin issued by OKX, strictly following a 1:1 reserve mechanism. Users can withdraw BTC from the exchange to the target chain to receive an equivalent amount of xBTC; they can also recharge xBTC back to the exchange through the target chain to exchange for BTC. The platform verifies asset transparency in real-time through on-chain proof of reserves (PoR), further ensuring the safety of user assets.

ChainCatcher news, the main suspect and his accomplice in South Korea's first case of price manipulation prosecuted under the "Virtual Asset User Protection Act" have recently been granted bail by the court. According to the ruling of the Criminal Division of the Southern District Court of Seoul, the court approved the bail applications of the principal suspect A and accomplice B.The prosecution alleges that these suspects manipulated the price of C coin through market buy and sell orders and false buy orders, trading approximately 1.22 million C coins and illegally profiting 7.1 billion won. The case was investigated by the Financial Supervisory Service and was transferred to the prosecution in October last year, with an emergency prosecution initiated by the prosecution on January 3 of this year.

ChainCatcher news, Huobi HTX global advisor and TRON founder Justin Sun appeared at the Bitcoin 2025 conference and shared profound insights on Bitcoin and the crypto ecosystem. He stated that the biggest lesson since entering the industry in 2012 is "never short Bitcoin." As long as the entire industry continues to build, Bitcoin prices will reach new highs.Justin Sun also revealed that during a dinner with President Trump last week, the president expressed strong support for Bitcoin and the entire crypto ecosystem. He believes that Trump's support is significant for the entire cryptocurrency industry. Without Trump's influence, Bitcoin prices would not have been able to break the $100,000 barrier. Furthermore, as a global leader in financial regulation, the United States' clear cryptocurrency regulatory policies will lead more countries worldwide to follow suit, thereby encouraging more people to enter the crypto space.It is reported that Bitcoin 2025 is the largest Bitcoin event in the world, held from May 27 to 29 in Las Vegas, USA, gathering heavyweight guests from around the globe, including: U.S. Vice President JD Vance, President Trump's second son Eric Trump, White House AI and cryptocurrency advisor David Sacks, MicroStrategy co-founder Michael Saylor, BitMEX co-founder Arthur Hayes, and others, to discuss the latest trends in Bitcoin and cryptocurrency, helping to drive innovation and transformation in the global crypto ecosystem.

ChainCatcher news, the time tokenization platform time.fun has tweeted that it is now open to everyone and will distribute points to creators of the first season.

ChainCatcher message, the Celestia liquidity staking protocol MilkyWay Foundation has released a reminder that the application deadline for the first airdrop is May 29 at 18:00 (UTC+8). All unclaimed MILK will be distributed to the community treasury.

ChainCatcher news, according to TheBlock, the well-known investor Cobie has officially launched the first project Plasma on the ICO platform Sonar, seeking to raise $50 million. Plasma co-founder Paul Faecks stated that 10% of the XPL tokens will be publicly issued this time, aiming to raise $50 million, corresponding to a total token valuation of $500 million.In previous news, the stablecoin project Plasma announced that it has received strategic investment from Founders Fund, which is under Peter Thiel, although the specific amount has not been disclosed. Peter Thiel is one of the earliest angel investors in Plasma. This investment will help Plasma expand its team, grow its ecosystem, and accelerate adoption in key regions from Latin America to the Middle East and beyond.

ChainCatcher news, according to The Block, the well-known investor Cobie has officially launched the first project Plasma on the ICO platform Sonar, seeking to raise $50 million.Plasma co-founder Paul Faecks stated that this time 10% of the XPL tokens will be publicly issued, aiming to raise $50 million, corresponding to a total token valuation of $500 million.

ChainCatcher news, according to the official announcement from ZKsync, ZKsync has launched a dedicated on-chain financial platform called Prividium, which features privacy protection, permission control, and Ethereum security anchoring, supporting financial scenarios such as global payroll, collateral asset liquidity, cross-border wholesale payments, and asset tokenization.The first institutional partner is Deutsche Bank, which is collaborating with Memento to build an on-chain fund management solution. The platform aims to provide ready-to-use compliance deployment tools for financial institutions, accelerating their transition to on-chain operations.

According to ChainCatcher news, as reported by Jin10 Data, the Japanese Ministry of Finance stated on Tuesday that Japan has lost its position as the world's largest creditor nation for the first time in 34 years, replaced by Germany, despite Japan's total foreign asset balance reaching a record high, partly due to the depreciation of the yen.As of the end of last year, Japan's net foreign asset balance increased by 12.9% compared to the same period last year, reaching 533.05 trillion yen (3.7 trillion USD), surpassing 500 trillion yen for the first time, but still below Germany's 569.65 trillion yen. The Japanese Ministry of Finance stated that the depreciation of the yen boosted the value of Japan's foreign currency assets, including stocks, bonds, and other assets when converted to local currency, and added that Germany benefited from a large current account surplus.Driven by domestic financial institutions and trading companies' direct investment in the U.S., Japan's total foreign assets grew by 11.4% to 1,659.22 trillion yen. Foreign liabilities increased by 10.7%, reaching 1,125.97 trillion yen.

ChainCatcher news, Musk confirmed that his platform X will launch the "X Money" service, covering payment and banking functions, and further expanding towards the direction of a "super app." Musk stated that the service will start with a very limited Beta testing phase, emphasizing the need for extreme caution when it comes to user savings.

ChainCatcher news, according to xDaily, the X platform is suspected to have experienced a large-scale network outage today, possibly related to a fire at the data center rented by X in Oregon.Since 8:42 PM Beijing time yesterday, over 25,000 users have reported abnormal network issues on the X platform.

ChainCatcher news, according to Business News Asia, Ant International has become the first corporate client to use HSBC's newly launched tokenized deposit service in Hong Kong, marking an important milestone for the city in integrating blockchain technology into traditional finance.The service enables real-time payments in Hong Kong dollars and US dollars between corporate accounts around the clock through tokenized deposits on a blockchain ledger, significantly improving cross-border fund management operations. This service was launched after a successful pilot on Ant's proprietary Whale platform and is the first blockchain-based settlement service in Hong Kong led by a commercial bank.Ant International completed its first internal fund transfer by converting US dollar deposits into digital tokens on HSBC's distributed ledger system. The Whale platform, developed by Ant International's platform technology team, integrates blockchain, artificial intelligence, and advanced encryption technology, with over one-third of Ant International's fund transfers executed on-chain through this platform in 2024.

ChainCatcher message, a user asked Zhao Changpeng: "Has the Wall Street Journal (WSJ) asked you for money to stop defaming you?"Zhao Changpeng responded: "They haven't asked me for money to stop defamation, but I've heard they take money to smear us. There are rumors that a large venture capital firm that invested in a certain cryptocurrency exchange in the U.S. is heavily lobbying against 'Binance helping the U.S. become the cryptocurrency capital.' They have spent millions of dollars on 'lobbying activities.' This is a sign of fear of competition."

ChainCatcher message, encrypted KOL AB Kuai.Dong@_FORAB tweeted that, according to community news and confirmation from several industry insiders, the Cetus project, which experienced a theft incident on the evening of May 22, is operated by the same team that ran the DeFi project Crema Finance on the Solana chain in 2022. Crema was under the spotlight due to a theft incident but ultimately managed to recover most of the funds.In 2022, Crema was attacked, resulting in a loss of approximately 9.6 million dollars. After the incident, the attacker returned about 8 million dollars. According to an announcement from the U.S. Attorney's Office for the Southern District of New York, the hacker involved was subsequently arrested and sentenced, with the relevant timing and amount information matching the incident at that time.