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As the first federally chartered crypto bank in the United States, Anchorage Digital has stated that it will reduce its involvement in the Global Dollar (USDG) stablecoin alliance and will no longer play a more prominent role as it did previously. Members of the alliance include institutions such as Robinhood, Kraken, Galaxy Digital, OKX, and Visa Inc.Nathan McCauley, co-founder and CEO of Anchorage, stated that the company will adopt "a higher degree of neutrality" in the stablecoin issuance space in the future, avoiding targeted support for any single stablecoin to accommodate its expansion as a white-label issuance and custody platform. He pointed out that as more institutions seek to issue stablecoins through Anchorage (with about 20 potential partners currently), the company needs to reassess its incentive structures and alignment of interests.Currently, USDG is issued by Paxos Digital Singapore and regulated by the Monetary Authority of Singapore, with a circulation size of approximately $3 billion. Market participants generally believe that stablecoin issuance is entering a new phase of parallel development among multiple institutions and networks.

According to market news, Boundary Labs, a stablecoin startup led by Galaxy Ventures under Galaxy Digital, announced that it is preparing to launch an institutional stablecoin USBD and has completed a $2 million seed pre-financing.It was introduced that this round of financing also attracted participation from institutions such as First Block Capital and BlackWood. Boundary Labs was founded by former Deutsche Bank and Digital Currency Group executive Matthew Mezger. USBD will be deployed on the Ethereum network, focusing on the concept of "verifiable stablecoins," attempting to reduce the reliance of traditional stablecoins on off-chain audits and trust mechanisms through continuous on-chain verification of reserves, net asset value (NAV), and protocol operational status.The project team stated that USBD is designed with over-collateralization and hedging strategies to reduce market volatility risks and shift the stablecoin infrastructure from a "trust-driven" model to a "verifiable financial system." Additionally, Boundary plans to launch a staking token sUSBD for distributing protocol earnings under a delta-neutral DeFi strategy, but USBD itself does not provide yield functionality.The team indicated that the protocol is primarily aimed at asset management institutions, hedge funds, and family offices, and plans to officially launch the mainnet in early summer 2026.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $430 million, with long positions liquidated at $195 million and short positions liquidated at $234 million. Among them, Bitcoin long positions were liquidated at $46.4632 million, Bitcoin short positions at $83.1278 million, Ethereum long positions at $46.0373 million, and Ethereum short positions at $41.8292 million.In addition, in the last 24 hours, a total of 97,859 people were liquidated globally, with the largest single liquidation occurring on Binance - BTCUSDT worth $5.3606 million.

Marc, the head of cryptocurrency donations at St. Jude Children's Research Hospital, stated that the hospital received a donation of 0.5% of the total supply of ASTEROID tokens about two years ago. However, due to a lack of compliant exchange channels at that time, the related assets have remained in the on-chain wallet.He mentioned that as the market value of ASTEROID rose from approximately $20,000 to over $150 million, the hospital's holdings were once valued between $500,000 and $1 million. To avoid impacting community liquidity, the hospital ultimately sold the related holdings in 12 batches over two days while continuously monitoring the liquidity situation.Marc stated that they ultimately exchanged for over 290 ETH, valued at approximately $676,000, and the related funds will be used to support the treatment and research of childhood diseases at St. Jude Children's Research Hospital.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0025%. Among the current mainstream exchanges, the rate on Binance is 0.0033%, OKX is 0.0052%, Bybit is 0%, and Gate is 0.0029%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0008%. Among the current mainstream exchanges, the rate for Binance is 0.0045%, OKX is 0.001%, Bybit is 0.0019%, and Gate is -0.0015%.

According to Huma Finance's official disclosure, its old V1 contract on Polygon was exploited, resulting in approximately 101,400 USDC being transferred out. The project team stated that this incident did not affect user fund security, and Huma Finance PST was not impacted. Its V2 system on Solana is a completely restructured version and is not affected by the vulnerability.Huma stated that the team had previously been working on gradually phasing out the V1 liquidity pool, and has now fully suspended all V1 related contracts, and will continue to handle the subsequent wrap-up work.

According to Coinglass data, Binance had a net inflow of 31.4302 million USDT in the past hour.

According to Gate market data, Circle's stock price opened low and rose high today, increasing by over 12%, leading the cryptocurrency concept stocks to strengthen, including:MSTR up 0.98%;COIN up 4.37%;SBET up 2.16%;BMNR up 1.98%;HOOD up 1.97%;Hut 8 up 6.88%.

According to Jinshi reports, U.S. President Trump stated that the war with Iran will soon come to an end and that he will meet with a large number of generals to discuss the Iran issue.In addition, Trump praised the founder of Dell (DELL.N) for his support of Trump's campaign funds.

Sky Ecosystem posted on platform X that the USDS OFT cross-chain bridging on the Solana network has resumed operation, which was temporarily paused due to a security review related to the rsETH vulnerability.Sky stated that throughout the review period, both the Sky Protocol and the USDS contract were unaffected, and USDS has always maintained full collateral as designed by the protocol, which can be verified on-chain at any time. This pause was a precautionary measure.With the completion of the security review, the USDS cross-chain bridging on the Solana chain has reopened, while the bridging to Avalanche will resume after further review is completed.

Trader Eugene posted on his personal channel that SOL is currently showing strong relative strength among mainstream crypto assets, with a more stable trend compared to ETH and HYPE, and is seen as the most likely mainstream token to break out of the three-month consolidation range first. Analysis indicates that if SOL effectively breaks through the key resistance level of $96, the next target range may look towards around $120, with a potential upside of about 25%. At the same time, he also believes that as long as BTC does not fall below $80,000, market risk appetite is expected to remain, and funds can be positioned in advance for the breakout trend.

According to Coinglass data, on May 11 at 22:53, 30 million USDT was detected being transferred from an unknown wallet to Binance.

According to Crypto in America, the U.S. Senate Banking Committee has scheduled a formal markup of the cryptocurrency market structure bill, the Clarity Act, for Thursday. The final text of the relevant provisions is expected to be published before the meeting, and lawmakers must submit amendments by the deadline.Previously, the initial review was temporarily halted due to opposition from industry insiders, including Coinbase CEO Brian Armstrong, regarding the stablecoin yield provisions. Currently, cryptocurrency institutions like Coinbase generally accept the new text, but some banks serving retail customers are still sending letters to the Senate through industry associations, requesting further tightening of the "interest on deposits" space for stablecoins to prevent depositor migration.Meanwhile, some Democratic lawmakers may vote against the bill in its entirety during the committee stage due to dissatisfaction with potential conflicts of interest clauses related to Trump and his family involving crypto. This could lead to the bill passing through the committee along party lines, but facing uncertainty in garnering bipartisan support in the full chamber later.

According to CoinDesk, the Solana core development team Anza announced that a major consensus mechanism upgrade codenamed Alpenglow has gone live on the community test network, allowing validators to switch from the current Proof-of-Stake + Proof-of-History + TowerBFT architecture to the new consensus framework in the test cluster.The upgrade aims to significantly shorten transaction finality time and improve network response efficiency by restructuring the validator communication and block confirmation process. This test marks that validators can now perform the "Alpenswitch" migration operation in a real environment. Solana co-founder Anatoly Yakovenko previously stated that if the testing goes smoothly, Alpenglow is expected to be deployed to the mainnet as early as next quarter.

According to GlobeNewswire, IREN announced plans to issue $2 billion of convertible senior notes due in 2033, and grant initial purchasers an additional option to purchase up to $300 million. The notes are unsecured senior debt, expected to mature in December 2033, with proceeds partially used for capped call hedging transactions and the remainder for general corporate purposes and working capital.At the same time, IREN also plans to simultaneously unwind part of the capped call hedging positions related to the convertible bonds maturing in 2029 and 2030. The company stated that hedging institutions may engage in derivative and spot trading around IREN stock, which could affect the stock price and the initial conversion price of the new notes.Previously, IREN has become one of the most aggressive companies in the U.S. stock market in expanding AI data center and Bitcoin mining infrastructure, and this large-scale financing may further enhance its capital expenditure and expansion capabilities.

According to The Block, Rob Nichols, the CEO of the American Bankers Association (ABA), sent a letter to bank executives on Sunday evening urging them to contact senators to further tighten the provisions related to stablecoin rewards before the Senate Banking Committee's markup vote on Thursday.Nichols warned that the current draft fails to effectively prevent crypto companies from offering "interest-like rewards" to users, which could lead to significant outflows of bank deposits, threatening economic growth and financial stability.The current draft, negotiated by Senators Angela Alsobrooks and Thom Tillis, prohibits paying interest or returns to users holding stablecoins but allows rewards linked to real activities or transactions, a provision that has received support from Coinbase. The banking industry groups believe that the related exceptions contain loopholes that could be exploited and jointly sent a letter on May 8 to Committee Chairman Tim Scott and Democrat Elizabeth Warren, requesting technical revisions to the wording of the provisions.

According to an exclusive report by LatePost, Kuaishou plans to spin off its video generation large model business "Keling AI" and initiate a $2 billion financing round with an estimated valuation of about $20 billion. They are currently in talks with investors such as Tencent, and the deal has not yet been completed. Based on the current market value, Keling's valuation is already close to 70% of Kuaishou's overall market value.The report states that Keling's current annual recurring revenue (ARR) has reached $500 million, doubling since before the Spring Festival, significantly exceeding Kuaishou's previous expectations. At the beginning of 2025, Kuaishou set an annual revenue target of $60 million for Keling, but the final annual revenue reached $150 million. In the face of increased competition from giants like ByteDance and Alibaba in the video generation field, Kuaishou has established an independent option pool and special incentive mechanisms for Keling.It is reported that if the future IPO valuation reaches $40 billion, team incentives will be further enhanced. Currently, Keling has become one of the fastest-growing products in the global video generation field. By early 2026, it ranked first in the iOS drawing and design charts in nearly 40 countries and regions, including Brazil, Russia, and Singapore, and became one of the highest-grossing graphic design applications in South Korea and Russia.

The global on-chain trading and clearing infrastructure platform AurumX announced on X Month X Day, 2026, that it has completed a strategic acquisition of the verifiable data settlement protocol manadia. This acquisition aims to strengthen AurumX's layout in the Web3 × AI infrastructure and decentralized prediction market sectors.After the acquisition, manadia's technology will be deeply integrated with AurumX's on-chain settlement layer. manadia plans to launch its flagship decentralized prediction market product soon, leveraging its verifiable settlement technology to provide a transparent intelligence and prediction data pricing market.AurumX stated that this acquisition is a key step in building a compliant, intelligent next-generation financial infrastructure, which will help break down the barriers between traditional finance and the on-chain world. The manadia team stated that joining the AurumX ecosystem will provide broader global compliance resources and capital support.AurumX was established in 2021 and holds an MSB compliance license, with operations covering over 180 countries. manadia is a foundational layer protocol focused on verifiable data settlement and AI-driven collaboration.

According to GMGN data, TROLL's market capitalization has exceeded 135 million USD, currently reported at 135.02 million USD, with a 24H increase of 55.96%.Market news reminds users that the prices of Meme coins are highly volatile, and investors should participate with caution.