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WasabiCard has completed nearly $10 million in Pre-A round financing, with participation from well-known institutions such as Vernal Capital and Avenir Group

The global stablecoin payment infrastructure platform WasabiCard today announced the completion of its Pre-A round of financing. Including previous funding, the total amount raised by the company has approached 10 million USD, with participation from four well-known institutions: Vernal Capital, Avenir Group, Vision Plus Capital, and 01VC.This round of financing will be used to build and improve the global payment infrastructure, compliance system, and key market business layout, enhancing cross-border payment service capabilities and global operational capabilities, further promoting the company's construction of a compliant, efficient, next-generation financial infrastructure aimed at the internet era.As stablecoins gradually move from trading scenarios to real commercial applications, the demand from enterprises for global payment, global card issuance, fund management, and cross-border settlement infrastructure continues to grow. WasabiCard currently serves over 500 enterprise clients globally, with a cumulative card issuance exceeding 500,000 cards and a total transaction scale surpassing 1 billion USD.In the future, WasabiCard will continue to expand its global payment network and multi-chain payment ecosystem, promoting the further implementation of stablecoin payments in global commercial scenarios.

Sui attributed the three mainnet interruptions to upgrade vulnerabilities, with known interruption risks before the fix

According to The Block, the Sui Foundation released an incident analysis report on the recent three interruptions of the mainnet, attributing the three network outages that occurred last Thursday and Friday to two independent vulnerabilities introduced by the v1.72 version upgrade. The first interruption lasted about six and a half hours, while the second and third occurred on Friday morning and afternoon, respectively.The first two interruptions were caused by the "address balance" feature introduced in v1.72, which exposed flaws in the transaction fee deduction method. When a transaction was canceled due to insufficient funds, the network would still spend those funds, resulting in a negative balance that caused the validation node reconciliation process to crash. The foundation acknowledged that the temporary fix pushed urgently on Thursday carried known interruption risks, and the team accepted this risk to quickly restore on-chain services, which led to another network interruption on Friday morning.The third interruption was triggered by another undisclosed random state vulnerability, occurring when the validation nodes restarted to install the fix patch. Sui stated that user funds were never at risk, that both vulnerabilities have been fixed, and that a mechanism to forcibly terminate stalled epochs has been established. The foundation also mentioned that AI agents with access to its production systems significantly accelerated the diagnostic process.

first_img CFTC acknowledges that it should not sue Gemini and jointly requests the court to withdraw the consent order

The U.S. Commodity Futures Trading Commission (CFTC) announced on Tuesday that it has jointly filed a motion with Gemini Trust Company LLC in the U.S. District Court for the Southern District of New York, requesting the dismissal of a previous judgment against Gemini.The case was originally filed in June 2022, and the parties reached a consent order in January 2025. After a comprehensive review, the CFTC concluded that the lawsuit should not have been filed and would not be filed under current enforcement standards.The review identified six major issues: the complaint was primarily based on statements from a whistleblower of questionable credibility; the investigation targeted Gemini as a victim of fraud rather than the alleged fraudster; there were serious doubts about the strength of the evidence against Gemini; relevant supporting materials were concealed and not submitted to the commissioners during the CFTC's vote on the complaint; the litigation team invoked deliberative process privilege to prevent Gemini from obtaining evidence necessary for its defense; and personnel improperly used CFTC regulatory power to create leverage for settlement.The CFTC determined that continuing to enforce the forward-looking provisions of the consent order is neither consistent with its mission nor in the public interest, and that the non-forward-looking provisions of the consent order (such as civil penalties) have been fulfilled. The parties jointly request the court to vacate the remaining forward-looking provisions.

Bitget UEX continues to expand, now supporting over 340 popular US stock assets

As the U.S. stock earnings season and the narrative of tech giants in AI continue to advance, according to official news from Bitget, the platform has recently added 10 popular U.S. stock contract targets. So far, Bitget's panoramic exchange (UEX) has supported 263 U.S. stock tokens and 81 U.S. stock contracts, bringing the total number of U.S. stock-related assets available for trading on the platform to over 340.This week marks the beginning of a period with a dense release of earnings reports and macroeconomic data. Through continuous expansion, Bitget aims to provide users with a wide range of cross-market asset allocation channels.This week's three major focus targets:NVDA (NVIDIA): Will release its Q1 earnings report after the market closes on May 20, Eastern Time. The implied volatility in the options market indicates that the daily fluctuation may exceed 7.5%. As the core of AI computing power, its performance will directly impact the overall valuation trend of the tech sector.GOOGL (Google): Recently, at the I/O conference, multiple new products such as Gemini 3.5 and AI agents were intensively launched, and the market is closely watching the subsequent commercialization pace and revenue realization capabilities.WMT (Walmart): Will release its Q1 earnings report before the market opens on May 21. As a retail giant, Walmart's counter-cyclical ability during a consumer downturn is being tested, and the results and guidance from the earnings report will directly influence investors' judgments on annual growth expectations and short-term stock performance.
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