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According to CoinDesk, Japan's ruling Liberal Democratic Party has proposed the establishment of a legal framework for cryptocurrency ETF trading and the promotion of the use of yen stablecoins. A group within the party that advocates for blockchain technology has submitted the relevant proposal to Finance Minister Satsuki Katayama. The proposal states that cryptocurrency ETFs can provide investors with a more understandable way to invest.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $427 million, with long positions liquidated at $299 million and short positions liquidated at $129 million. Among them, Bitcoin long positions were liquidated at $132 million, Bitcoin short positions were liquidated at $8.1754 million, Ethereum long positions were liquidated at $61.3472 million, and Ethereum short positions were liquidated at $12.2471 million.In addition, in the last 24 hours, a total of 139,648 people were liquidated globally, with the largest single liquidation occurring on Binance - HUSDT worth $6.2878 million.

Coinbase released a retrospective report on the large-scale service interruption event on May 7, 2026.The outage lasted approximately 8 hours, with full recovery taking about 12 hours. During this time, trading, deposits, withdrawals, and most core services were unavailable or severely degraded. Coinbase stated that the outage was caused by multiple cooling units failing simultaneously in the cooling system of a data center in one availability zone (use1-az4) in the AWS us-east-1 region, triggering cabinet thermal protection shutdowns, which led to EC2 instances and EBS volumes going offline, affecting multiple internet services.During the recovery process, the Coinbase trading matching engine lost quorum due to the cluster architecture deployed in a single AWS data center losing most nodes. It required urgent code adjustments and the reconstruction of a new node group to restore operation, gradually restarting market trading during the recovery.Additionally, the AWS-managed Kafka (MSK) service experienced control plane failures, preventing the automatic re-election of partition leaders, further blocking quotes, fees, and some settlement and data flow systems, which expanded the overall impact.After manual partition migration in collaboration with the AWS engineering team, the system gradually returned to normal. Coinbase stated that this incident exposed its shortcomings in cross-availability zone automatic switching capabilities and disaster recovery for managed middleware. The company will upgrade its cross-region hot backup architecture, strengthen regular failure drills, and migrate the Kafka system from dual availability zones to a three availability zone deployment, while also working with AWS to advance root cause fixes and improvements.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.923 billion, with long positions of $2.427 billion, accounting for 49.31% of the total holdings, and short positions of $2.495 billion, accounting for 50.69%. The profit and loss for long positions is $35.514 million, while the profit and loss for short positions is -$85.312 million.Among them, the whale address 0x082e..88 has taken a 5x leveraged long position on HYPE at a price of $38.6755, currently with an unrealized profit and loss of $48.7258 million.

According to Onchain Lens monitoring, BlackRock deposited 929 BTC into Coinbase, worth $67.5 million, and deposited 36,449 ETH, worth $72.23 million, and may continue to deposit more.

According to hket, Hong Kong's Acting Secretary for Financial Services and the Treasury, Chen Haolian, stated that the authorities will submit legislative proposals to the Legislative Council within the year regarding the provision of virtual asset services and management, promoting the establishment of a comprehensive regulatory system covering trading, custody, advisory, and asset management, and implementing a mandatory licensing arrangement.The new framework will be advanced according to the principle of "same business, same risk, same rules," aligning with the current regulated activities under the Securities and Futures Ordinance, and will focus on strengthening private key management and client asset security requirements in virtual asset custody.The Hong Kong Securities and Futures Commission stated that the current applications for licenses related to virtual assets continue to increase, but licensing will adhere to the principle of "quality over quantity," balancing market capacity and quality.

According to Coinglass data, if ETH breaks through $2,083, the cumulative short liquidation intensity on mainstream CEX will reach $1.062 billion. Conversely, if ETH falls below $1,892, the cumulative long liquidation intensity on mainstream CEX will reach $688 million.

According to Reuters, the Japanese Liberal Democratic Party's blockchain technology promotion group submitted a proposal to Finance Minister Nobuhide Katayama on Monday, suggesting that Japan promote the yen stablecoin for settlement in Asia and establish a legal framework that allows trading of cryptocurrency ETFs. The proposal points out that cryptocurrency ETFs will provide investors with an easy-to-understand investment method and calls on the government to position them as formal investment tools in the financial market.Liberal Democratic Party member Junichi Kanda stated that Japan plans to promote the yen stablecoin and blockchain innovation initiatives during the Asian Development Bank annual meeting it will host in May next year. Currently, Japan's three major banks have launched a joint issuance experiment for stablecoins with the support of the Financial Services Agency.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $285 million, with long positions liquidated at $171 million and short positions liquidated at $114 million. Among them, Bitcoin long positions were liquidated at $41.386 million, Bitcoin short positions at $6.8283 million, Ethereum long positions at $49.2504 million, and Ethereum short positions at $10.7748 million.In addition, in the last 24 hours, a total of 111,425 people were liquidated globally, with the largest single liquidation occurring on Binance - HUSDT worth $6.2878 million.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.857 billion, with long positions totaling $2.403 billion, accounting for 49.48% of the holdings, and short positions totaling $2.454 billion, accounting for 50.52% of the holdings. The profit and loss for long positions is $34.611 million, while the profit and loss for short positions is -$84.0285 million.Among them, the whale address 0x0ddf..02 has shorted BTC with a 3x leverage at a price of $69,423.2, currently showing an unrealized profit and loss of -$4.9626 million.

Layer 1 blockchain Tempo proposed TIP-1061, a native multi-signature account proposal, aiming to introduce multi-signature as a native account type at the protocol layer, allowing multi-signature control without the need to deploy smart contract wallets like Safe.This solution supports M/N multi-signature, weighted multi-signature, as well as Secp256k1, P256, and WebAuthn signatures, and allows for subsequent adjustments of members and permissions while keeping the account address unchanged. This proposal is primarily aimed at scenarios involving DAOs, institutions, and validators, and is currently still in the draft stage.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $207 million, with long positions liquidated at $101 million and short positions liquidated at $106 million. Among them, Bitcoin long positions were liquidated for $20.4051 million, Bitcoin short positions for $5.9329 million, Ethereum long positions for $22.0386 million, and Ethereum short positions for $8.9998 million.In addition, in the last 24 hours, a total of 91,876 people were liquidated globally, with the largest single liquidation occurring on Binance - HUSDT worth $6.2878 million.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.839 billion, with long positions totaling $2.388 billion, accounting for 49.34% of the holdings, and short positions totaling $2.452 billion, accounting for 50.66%. The profit and loss for long positions is $36.1328 million, while the profit and loss for short positions is -$88.1061 million.Among them, the whale address 0x0ddf..02 has shorted BTC with a 3x leverage at a price of $69,423.2, currently showing an unrealized profit and loss of -$5.3952 million.

According to Onchain Lens monitoring, a certain whale closed its ETH short position and switched to holding 19,700 ETH (20x leverage) long position, worth $39.5 million, with an unrealized loss exceeding $205,000.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $191 million, with long liquidations amounting to $83.2845 million and short liquidations amounting to $108 million. Among them, Bitcoin long liquidations totaled $11.5246 million, Bitcoin short liquidations totaled $5.9626 million, Ethereum long liquidations totaled $17.1858 million, and Ethereum short liquidations totaled $9.2593 million.In addition, in the last 24 hours, a total of 89,180 people were liquidated globally, with the largest single liquidation occurring on Binance - HUSDT worth $6.2878 million.

The Temporal team submitted an upgrade proposal SIMD 547 within the Solana governance forum, aiming to adopt a resource demand-based fee model on Solana (new fees will be 100% burned), thereby aligning costs with computational usage and increasing the burn rate of SOL as network activity grows.

According to monitoring by Lookonchain, a trader (0xc6fe...79b1) made over 1.4 million dollars in profit from HYPE within two days. Yesterday, they opened a 10x long position of 110,735 HYPE, worth 7.6 million dollars, and closed it for a profit of 580,000 dollars.Subsequently, they opened another 10x long position of 204,383 HYPE, worth 14.89 million dollars, currently with an unrealized profit of 838,000 dollars.

According to Onchain Lens monitoring, HYPE has reached a historic high and surpassed $72. Loracle (@loraclexyz) has closed over 50% of its HYPE short positions and currently still holds 843,232 HYPE short positions, worth $60.7 million, with an unrealized loss of over $22 million. Meanwhile, a certain whale holds a 5x leveraged long position in HYPE, currently with an unrealized profit of over $46 million.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $125 million, with long positions liquidated at $77.3421 million and short positions liquidated at $47.4284 million. Among them, Bitcoin long positions were liquidated at $9.0244 million, Bitcoin short positions at $2.7548 million, Ethereum long positions at $13.5882 million, and Ethereum short positions at $4.0473 million.In addition, in the last 24 hours, a total of 68,308 people were liquidated globally, with the largest single liquidation occurring on Bybit - ETHUSDT worth $798,200.