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10x Research published on platform X that amidst the slump in Bitcoin, the mining and AI infrastructure sectors have surged significantly. KEEL rose by 30%, CIFR rose by 29%, IREN rose by 29%, WULF rose by 24%, and HUT rose by 22%, mainly driven by large hyperscale data center transactions, park acquisitions, and new institutional support.This week's catalysts include IREN's $1.6 billion purchase of Dell Blackwell systems, TeraWulf's acquisition of a 1 GW park in Kentucky, and Hut 8 signing a $9.8 billion leasing agreement in Texas, indicating that Bitcoin mining companies' transition to AI infrastructure is accelerating.

Jefferies stated after the first Digital Asset Investor Conference that as Wall Street and the payment industry accelerate the adoption of digital asset infrastructure, the number of publicly listed companies related to cryptocurrencies and blockchain may increase in the next two years, with the sector expected to grow into a $1 trillion public market within 5 years.Jefferies noted that institutional investors are shifting their focus from Bitcoin price speculation to the integration of blockchain infrastructure, with a focus on tokenized money market funds, private credit, blockchain settlement networks, stablecoins, and tokenized payments. The firm also pointed out that a clearer regulatory framework could further drive institutional adoption.

According to CCTV News, the State Council Information Office held a series of themed press conferences on "Starting the 14th Five-Year Plan," introducing the situation regarding "Promoting Comprehensive Rule of Law." At the press conference, Liu Guixiang, a deputy-level full-time member of the Supreme People's Court Judicial Committee and a second-level chief judge, stated that in-depth research on new case adjudication rules for virtual currencies, cross-border finance, and other new types of cases should be conducted. Judicial interpretations regarding civil compensation related to insider trading and market manipulation should be formulated as soon as possible to ensure the stable operation of the capital market and effectively safeguard the legitimate rights and interests of small and medium-sized investors.In response to the new business formats of the digital economy, normative documents regarding judicial protection of artificial intelligence cases and data ownership should be researched and developed. The adjudication rules concerning data ownership, data transactions, AI generation, and other aspects should be improved to promote the deep integration of digital technology with the real economy, assist in perfecting the foundational institutional system for data elements, and promote the construction of an integrated data market that is open, shared, and secure.

According to Cryptopolitan, the Council of Ministers and the National Bank of Belarus have passed a resolution to include cryptocurrencies (including Bitcoin) in the list of eligible underlying assets for non-deliverable over-the-counter financial instruments, which takes effect today.Non-deliverable OTC instruments are direct contracts between market participants that do not involve the actual delivery of the underlying asset, with both parties settling the price difference in cash at maturity. This move is expected to further integrate cryptocurrencies into Belarus's traditional financial system, creating new investment opportunities.

According to CoinDesk, the UK has imposed sanctions on 18 entities and individuals accused of assisting Russia in evading Western restrictions and funding its war in Ukraine, including the cryptocurrency exchange Huobi Global S.A. (operator of HTX) and the stablecoin issuer Open Joint Stock Company "Virtual Asset Issuer."This is the first time the UK has applied Regulation 17A, which targets sanctioned banks, to cryptocurrency exchanges, requiring UK financial institutions and cryptocurrency service providers to freeze relevant funds, track on-chain transactions, and not maintain agency relationships or process payments related to sanctioned entities. The sanctions primarily target the A7 payment network.According to the official announcement from Huobi HTX, the sanctioned "Huobi Global S.A." and the online Huobi HTX exchange are independent entities, and this sanction will not affect the online Huobi HTX exchange. Currently, Huobi HTX's global operations are normal, and user funds are safe and secure.

Tether-supported mobile wallet Oobit clarified in a post on platform X that previously, after "on-chain detective" ZachXBT disclosed that the stablecoin issuer StablR's two smart contracts (EURR and USDR) suffered a vulnerability attack of approximately $13.5 million, related funds attempted to exit through Oobit. However, its compliance team identified the abnormal behavior and successfully froze EURR funds worth six figures, while also closing the exit channel. This incident did not affect any user funds, and Oobit's own system was not breached. They are currently cooperating with StablR and investigators to advance subsequent handling.Earlier reports indicated that StablR suffered a loss of approximately $28 million due to a hacker attack, with both EURR and USDR losing their peg.

According to Fortune magazine, Elon Musk's close friend and founder of Valor Equity Partners, Antonio Gracias, may gain over $100 billion in wealth due to the SpaceX IPO.It is reported that Valor holds more than 500 million shares of SpaceX Class A stock. If SpaceX goes public with a rumored valuation of $1.75 trillion to $2 trillion, the value of its holdings could reach between $90 billion and $140 billion.At the same time, the approximately $20 billion related party transactions between SpaceX and Valor have also sparked corporate governance controversies. Documents show that subsidiaries related to xAI under SpaceX had signed three GPU infrastructure leasing agreements with Valor, all of which were guaranteed for payment by SpaceX. The auditing firm PwC believes that the nature of the transaction is closer to a loan rather than a normal sale-leaseback, and therefore requires that approximately $9 billion of related debt be included in SpaceX's balance sheet.

The cross-chain routing protocol Squid stated on platform X that the SquidRouterModule involved in the attack disclosed by Blockaid was neither developed, deployed, nor operated by Squid, but rather a third-party Gnosis Safe module that chose to integrate with protocols like Squid, with no prior connection between the two parties.Squid indicated that this third-party module has a vulnerability that accepts a fixed string provided by the caller as message security verification. The attacker exploited this string, which is publicly visible in the verified code of the contract, to execute arbitrary call data and steal funds. Squid's own routing contract (0xce16F) is architecturally completely different from this module and is unaffected; user funds, authorizations, and integrations are all secure.

Recently, the technology sector of the US stock market has continued to perform strongly, with AI and semiconductor-related assets consistently attracting market attention, driving the trading enthusiasm for mainstream US stocks to continue to rise. According to Gate's market data, NVIDIA (NVDA) is currently priced at $220.65, up 1.93% in 24 hours, with a 24-hour trading volume of $26.2318 million for related USDT perpetual contracts; Micron Technology (MU) is currently priced at $788.22, up 1.68% in 24 hours, with a 24-hour trading volume of $11.6861 million for related USDT perpetual contracts, and the trading activity is among the top in the industry.As global demand for traditional asset allocation such as US stocks continues to grow, Gate is continuously bridging the gap between cryptocurrency and traditional financial trading scenarios through a unified account system. Users can conveniently participate in trading global mainstream assets such as stocks, metals, foreign exchange, indices, and commodities through a single USDT account, further enhancing cross-market trading efficiency and flexibility in capital usage.Currently, Gate has launched over 130 US stock-related perpetual contract targets, as well as over 430 CFD contract targets, and continues to expand its diverse product lines including spot tokens, perpetual contracts, and on-chain assets, supporting 24/7 trading to provide users with a more flexible and efficient one-stop global asset trading experience.

Jocy@IOSGVC, founding partner of IOSG Ventures, posted on platform X stating that rumors regarding IOSG Ventures depositing UNI and COMP to Binance are false. The related wallet is not an IOSG address, and the Arkham platform has marked the tags "IOSG Ventures" and "Binance Deposit Change Address" with question marks, indicating they are unverified.IOSG has not held or sold any UNI or COMP positions recently.

"On-chain detective" ZachXBT disclosed on his personal channel that two contracts related to the European stablecoin issuer StablR may have been attacked, with potential losses exceeding $3 million (EURR and USDR). The source of the attacker's funds was through the CCTP platform on Noble. Additionally, ZachXBT revealed 7 attacker addresses currently associated with this security incident.

The WSJ reported that Binance is accused of processing approximately $850 million in transactions related to financial networks associated with Iranian sanctions over two years, ultimately flowing to the Islamic Revolutionary Guard Corps (IRGC) in Iran. In response, Binance CEO Richard Teng posted on the X platform denying the related reports, stating that the reports are "completely inaccurate," emphasizing that Binance does not allow sanctioned entities to trade, and indicating that the suspicious activities occurred before the involved entities were sanctioned by the U.S.The report mentioned that the key figure is Iranian businessman Babak Zanjani, whose related companies and associated accounts are alleged to have operated through the same device, forming a secret payment network on the Binance platform. The report also stated that Binance's internal compliance system had identified abnormal access from Tehran by the end of 2024, triggering multiple risk control alerts, but the related accounts were not closed in a timely manner. The WSJ further pointed out that the Central Bank of Iran and related entities also conducted fund flows through Binance between 2024 and 2025, including approximately $107 million and other cross-border cryptocurrency transactions.Binance reiterated that its compliance system is "industry-leading" and emphasized that it has continued to strengthen its risk control mechanisms after pleading guilty and paying a $4.3 billion settlement in 2023. Additionally, Binance has filed a defamation lawsuit against the WSJ regarding the related reports and denied that the U.S. Department of Justice is investigating it on this matter.

The European Central Bank (ECB) rejected the proposal to relax regulations on euro stablecoins, believing that such measures are too risky and could undermine financial stability and the transmission of monetary policy.Bruegel suggested at the informal meeting of EU finance ministers held in Nicosia, Cyprus, that liquidity requirements for stablecoin issuers should be lowered and that they should be allowed to access ECB funding support when necessary to combat a market dominated by dollar stablecoins and to avoid "digital dollarization." However, officials, including central bank president Lagarde, strongly opposed this, arguing that stablecoins could destabilize bank deposits, increase banks' funding costs, weaken lending capacity, and interfere with interest rate control.Although some finance ministers had mixed feelings about the proposal, several central bank officials questioned the idea of making the ECB the "lender of last resort" for stablecoin issuers. The EU is currently implementing strict regulations on stablecoins under the MiCAR framework, while the GENIUS Act passed in the U.S. in 2025 adopts more lenient rules. Currently, euro stablecoins account for only 0.3% of the global stablecoin supply, while Europe is advancing the digital euro project to enhance payment sovereignty.

According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has delayed a broad exemption plan for U.S. cryptocurrency companies to trade tokenized assets. Sources say that SEC staff originally planned to release the so-called "innovation exemption" as early as this week, allowing relevant institutions to advance trading of tokenized assets linked to U.S. stocks under certain conditions. The report states that the draft plan has been drafted and reviewed by SEC staff.

According to CNBC, James Comer, the chairman of the House Oversight and Government Reform Committee, has launched an investigation into the prediction market platforms Kalshi and Polymarket, requesting both companies to explain their measures to prevent insider trading, including identity verification, geographic restriction enforcement, and abnormal trading monitoring mechanisms. Comer stated that internal records of the relevant platforms are key evidence for identifying improper traders and determining whether the platforms fulfill their legal obligations.Previously, Polymarket was reported to have suspicious trading related to U.S. events concerning Iran and Venezuela; Kalshi had also suspended the accounts of three congressional candidates who were betting on their own election results on the platform. Comer has requested both companies to submit relevant documents by June 5.

According to Jinshi reports, economists have raised their forecasts for U.S. inflation and delayed the timeline for the Federal Reserve's next interest rate cut, expecting the core PCE index to remain above 3%. Surveys show that economists are evenly split on whether the Federal Reserve will cut rates in December, whereas previous predictions anticipated a rate cut in October. Wilmington Trust Corp Chief Economist Luke Tilly stated that consumer spending is weak and expects the unemployment rate to peak at 4.5% in the third quarter.

According to the official announcement, Binance has announced that the trading of GeniusTerminal (GENIUS) and OpenGradient (OPG), originally scheduled to open on May 22, 2026, at 19:00 (UTC+8), will be postponed to start at 20:00 (UTC+8).

According to crypto analyst Yu Jin @EmberCN, about 7 hours ago, a batch of addresses suspected to belong to Polychain unlocked and redeemed 122 million EIGEN from the EigenCloud (formerly EigenLayer) staking contract, worth approximately 23.88 million USD, accounting for 16.5% of the current circulating supply of EIGEN.Currently, the related EIGEN remains in the addresses and has not been further transferred. Yu Jin stated that this batch of tokens comes from the investment allocation for 2024, and Polychain was one of the early leading investors in EigenCloud.

According to Forbes, U.S. Treasury Secretary Scott Bessent stated that the U.S. Treasury has frozen nearly $500 million in cryptocurrency assets related to the Iranian regime, including $344 million frozen last month.The report states that Iran currently controls about $7.7 billion in digital assets and uses Bitcoin to settle payments for shipping insurance via the Strait of Hormuz.The U.S. is intensifying its crackdown on Iran's cryptocurrency activities to cut off its channels for evading sanctions and transferring funds. Industry insiders say that cryptocurrency transactions can still be tracked, and the U.S. may further pressure by restricting cryptocurrency exchanges' access to the U.S. banking system.