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Bernstein stated in its latest research report that the recently reached compromise on stablecoin yield in the U.S. CLARITY Act is structurally beneficial for Circle and the USDC ecosystem.The report indicates that the current version of the bill prohibits stablecoin issuers from paying interest to passive holders that is "economically equivalent" to bank deposits, but allows reward mechanisms related to real transactions, payments, and usage behaviors to continue. Bernstein believes this means that Circle's current model, which relies on partners like Coinbase to provide USDC reward programs, will gain regulatory recognition, while also limiting the industry's ability to compete for market share through high yields.Bernstein pointed out that the bill actually reinforces the positioning of stablecoins as "payment tools" rather than "deposit substitutes," which helps protect Circle's current business model that relies on reserve income. It continues to give Circle an "outperform" rating and a target price of $190.Data shows that the total supply of global dollar stablecoins has surpassed $300 billion, with USDT and USDC together accounting for about 97% of the market share. Bernstein noted that USDC's share in on-chain payments and wallet transfers is continuously increasing, with its payment share in the AI Agent payment protocol x402 exceeding 99%.Additionally, Bernstein mentioned that Circle's launched ARC chain has completed a total of 244 million testnet transactions, and its ARC token presale previously raised $222 million, with investors including a16z crypto, Apollo Funds, ARK Invest, and BlackRock among others.However, the report also pointed out that the CLARITY Act still needs to complete several legislative procedures before it can officially take effect, including a full Senate vote with 60 votes and coordination with the House version. Polymarket currently predicts a probability of about 62% for it to pass by 2026.

Global leading digital asset trading platform Gate released its transparency report for April 2026. As AI capabilities continue to iterate and the RWA asset system expands, the platform is accelerating its evolution towards a multi-asset financial infrastructure, further enhancing its collaborative trading capabilities across spot, derivatives, and tokenized assets.Currently, Gate has served over 53 million users, with more than 4,600 assets listed, and continues to expand its product matrix with TradFi and tokenized stocks, covering over 430 CFDs and more than 70 tokenized stocks. After the AI system completed its V3 upgrade, a unified entry architecture was formed among Web, App, Bot, and independent sites, and the newly launched in-depth research and intelligent push features will significantly enhance user trading and decision-making efficiency.At the same time, the platform continues to strengthen its global brand building and ecological influence. Gate has officially become the official sleeve sponsor of the Inter Milan U23 youth team and has held several large brand events in Hong Kong to celebrate its 13th anniversary, including the "Racing the Future" cross-border exhibition at Victoria Harbour, a blue carpet ceremony, and the GATE GALA anniversary dinner, attracting hundreds of industry representatives, media, and global users.Gate founder and CEO Dr. Han released an open letter during the 13th anniversary, participated in the Hong Kong Web3 Carnival, and gave speeches and exchanges at the University of Hong Kong. Dr. Han stated that infrastructure-driven development will become the core of industry competition in the next phase and proposed the concept of "Move Everything On-Chain." In the future, Gate will focus on building infrastructure capabilities, promoting deep integration of RWA, TradFi, DeFi, and AI, and accelerating the construction of a more unified and efficient global financial infrastructure system.

According to Bits.media, the Russian state-owned enterprise Gazprom has requested that its 17 subsidiaries must open digital ruble accounts with the Central Bank of Russia.The company stated that this move is to prepare for compliance with legislation that will take effect on September 1, which requires legal entities to be able to accept digital rubles as a method of payment for goods and services. The Russian digital ruble began testing in August 2023, and by the end of 2025, over 130 legal accounts will have participated in the platform testing. Starting September 1, large Russian banks and major enterprises must provide customers with the ability to transact in digital rubles.

According to Bits.media, anonymous blockchain researcher Specter revealed that a hacker group has promoted its tokens and engaged in cross-chain money laundering by hacking X platform accounts, with total revenue exceeding $140 million.The group is involved in attacks on investors Keith Gill, Pepe the Frog creator Matt Furie, and the WinRAR project's X account, with fund flows involving five networks: Solana, BNB Chain, Ethereum, Tron, and Hyperliquid.The group is also suspected of participating in a phishing attack in 2024 that resulted in victims losing $2.45 million in wstETH.Researchers analyzed that the token issuance platform bnbshare.fun on BNB Chain may be a key tool in this scam scheme, as the fee flows of the platform's creator SHARE token are linked to the hacker's wallet.

According to CoinDesk, the stablecoin project A7A5, based on the Russian ruble, stated that even if the situation between Russia and Ukraine eases in the future and some sanctions are lifted, this stablecoin still has long-term survival space. Its core value lies in cross-border settlement efficiency, profitability, and the construction of regional cryptocurrency payment infrastructure.The market value of this stablecoin was approximately $500 million, initially aimed at helping Russia bypass banking restrictions, but it hopes to further develop into a "direct settlement channel between stablecoins," allowing for direct exchanges with other stablecoins without relying on USDT, USDC, or the dollar system.

Hyperliquid co-founder Jeff posted on the X platform, stating that he recently met with several policymakers in Washington, D.C. to discuss the ongoing "Clarity Act" and the cryptocurrency regulatory framework, focusing on promoting the compliance of on-chain derivatives trading markets in the United States.He mentioned that the discussions were divided into two levels: one part was more technical, involving Hyperliquid's on-chain trading architecture, global user demand, and its positioning as a financial innovation infrastructure; the other part was an introduction to the "first principles" of DeFi and on-chain markets, aimed at helping policymakers understand the relevant mechanisms and potential impacts.Jeff expressed that during these discussions, he sensed a "cautious but open" regulatory attitude towards the cryptocurrency industry from both parties in the U.S. and believes that the market is forming a policy window to promote the entry of on-chain derivatives into the U.S. system. He also emphasized that he will continue to advance relevant communications in Washington to strive for U.S. users to access Hyperliquid's on-chain trading market.

Aptos Labs announced that the world's first stablecoin pegged to the Korean won, KRW1, will be launched on the Aptos network. This stablecoin was chosen by BDACS Korea to be issued on Aptos, aiming to promote on-chain payments and digital business applications in Korea and the broader market.Aptos stated that the choice of its infrastructure for issuance is based on its full-stack blockchain capabilities oriented towards "market and machine," designed to support cross-border and local on-chain business scenarios.

The Chief Information Security Officer of Slow Fog, 23pds, disclosed on platform X that node-ipc has been compromised again. The released three malicious versions of node-ipc (9.1.6, 9.2.3, 12.1) carry the same credential-stealing payload, with the package being downloaded over 10 million times per week.

USDC issuer Circle announced further deepening of its cooperation with Hyperliquid, becoming the technical deployment partner for USDC on Hyperliquid and positioning USDC as an Aligned Quote Asset. Hyperliquid, as a high-performance on-chain trading platform, is expanding from perpetual contracts to outcome-based markets, with USDC continuing to serve as the primary collateral and quote asset to support liquidity, collateral management, and cross-chain capital flows.Circle is responsible for providing reliable minting, redemption, and cross-chain transfer infrastructure, allowing USDC to play a more central role in new markets. Circle also announced an increase in financial investment in the Hyperliquid ecosystem: following the initial purchase of HYPE tokens in September 2025, it has staked an additional 500,000 HYPE tokens, further aligning the interests of both parties and moving towards becoming a validator.

According to monitoring by Catcher Predict, in the predicted market event on Polymarket "LoL: Team WE vs Anyone's Legend (BO3) - LPL Group Advancement," the "both teams kill a dragon" sub-market's "yes" option win rate has experienced a dramatic fluctuation, rising from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of relevant breaking news.

The Ethereum Foundation officially launched the Clear Signing open standard on Tuesday, aimed at replacing the unreadable hexadecimal strings displayed when wallet users sign transactions with human-readable transaction content.This standard is centered around ERC-7730. When a wallet supports this standard, it will read the descriptor file of the contract and reconstruct the raw transaction data into understandable content, such as displaying a Uniswap V3 swap as sending 1,000 USDC and receiving at least 0.42 WETH. ERC-8176 adds an integrity certification layer on top of this, allowing auditors to publish signature certification confirming the accuracy of the descriptors. Participants include hardware wallets (Ledger, Trezor), software wallets (MetaMask, WalletConnect), security companies (Cyfrin), and infrastructure (Fireblocks), among others.Blind signing has been a significant cause of losses in crypto assets. The $1.5 billion vulnerability at Bybit in February 2025 and the approximately $235 million WazirX incident both involved signers approving transactions that did not reflect the true intent. Ledger initiated this project in 2021, formalized it as ERC-7730 in 2024, and transferred governance to the foundation earlier this year to ensure the neutrality of the standard. The ERC-7730 V2, released in April 2026, has expanded its coverage to cross-chain use cases, software wallets, and confidential token primitives.

Crypto journalist Eleanor Terrett disclosed on the X platform that since last Friday, members of the American Bankers Association have sent over 8,000 letters to Senate offices urging lawmakers to amend the stablecoin revenue compromise proposal. Sources say this does not include additional phone lobbying activities.

U.S. Senator Cynthia Lummis stated that after nearly a year of bipartisan cooperation, the U.S. Digital Asset Market Structure Act (CLARITY Act) is set to enter the committee review stage this week, bringing the U.S. closer to "consolidating its global leadership in financial innovation." Lummis said, "Wyoming has been a pioneer in exploration, and now Washington is following suit."Previously, Republican members of the U.S. Senate Banking Committee announced that Committee Chairman Tim Scott, Lummis, and Thom Tillis have jointly released the text of the market structure bill. According to the statement, the bill aims to establish a clear regulatory framework for the digital asset industry, protect investors, combat illegal financial activities, and encourage innovation to remain in the U.S.

Michael Saylor tweeted that the CLARITY Act being advanced by the U.S. Congress will unlock the potential of the next phase of the "digital capital, digital credit, and digital equity" market, and will bring stronger institutional legitimacy and adoption framework for BTC.

On May 10, Vitalik Buterin published a research article advocating that cryptocurrency payments need to shift from pseudonymity to default privacy, proposing the use of zero-knowledge proof (ZK) transactions to replace standard transfers, allowing users to prove payment validity without exposing their full balance or transaction history.Vitalik specifically pointed out that in the era of agents, autonomous AI agents need to pay service fees (such as LLM API fees) without leaving traceable footprints. By using recursive SNARKs and ZK APIs for points, Ethereum Layer 2 can handle privacy payments at the same speed and cost as transparent transactions. The proposal also includes selective disclosure and proof of innocence mechanisms, allowing users to provide specific proofs to compliance agencies or tax authorities without disclosing data to the public, in response to anti-money laundering regulatory requirements.Vitalik believes that the public transparency of blockchain is the main obstacle preventing cryptocurrency payments from replacing traditional payments, and the ZK payment standard aims to make privacy a default feature.

According to Bloomberg, on the eve of the Senate Banking Committee's upcoming review of the digital asset bill, banking groups are proposing last-minute modifications to the compromise on stablecoin yields, aiming to completely ban stablecoin issuers from offering any form of rewards, rather than the previously allowed model of "users receiving rewards when actively using stablecoins."Six banking lobbying groups, including the American Bankers Association, stated in a letter that the exception clause in the senators' compromise would "harm deposits." The crypto industry quickly countered, with Coinbase Chief Legal Officer Paul Grewal stating on the X platform that the banking industry's proposal is not a "narrow adjustment," but rather aims to "stifle competition." Senators Angela Alsobrooks and Thom Tillis, who previously facilitated the compromise, issued a joint statement disagreeing with the banking industry's position, emphasizing that the compromise also allows crypto companies to offer other forms of customer rewards, and most importantly, provides a bipartisan path for the passage of the CLARITY Act.

According to Bitcoin.com, Strategy Executive Chairman Michael Saylor recently published an article explaining the low volatility positioning of STRC as a Bitcoin-related investment tool.STRC is Strategy's perpetual preferred stock, with an annual dividend yield of 11.5%, paid in cash monthly, and the dividend rate is adjusted monthly to encourage trading close to the $100 par value and reduce price volatility. Saylor stated that STRC is a credit product designed for income, stability, liquidity, and principal protection, backed by the company's Bitcoin and USD assets, with a preferred stock structure that is more scalable and durable than debt.Strategy proposed to change the STRC dividend payment frequency from once a month to twice a month (on the 15th and at the end of the month), with the total annual dividend remaining unchanged, aimed at stabilizing the price, suppressing cyclicality, and enhancing liquidity. Saylor used a metaphor to distinguish the three: STRC is a passenger plane, BTC is a fighter jet, and MSTR is a rocket ship. Strategy currently holds 818,334 Bitcoins, accounting for about 3.9% of the total supply of 21 million. STRC has reached a scale of $8.5 billion within nine months.

According to a report by The Block, the crypto security firm CertiK released a report today indicating that in the first four months of 2026, there have been 34 confirmed cases of crypto "ransom attacks" globally (i.e., offline physical assaults and extortion targeting crypto asset holders), an increase of 41% compared to the same period in 2025, with total losses for victims amounting to approximately $101 million. If the trend continues, the total number of incidents for the year is expected to reach around 130, with losses potentially soaring to hundreds of millions of dollars.In terms of geographical distribution, out of the 34 incidents, 28 (82%) occurred in Europe, with France being particularly notable, having recorded 24 incidents in just the first four months of 2026, surpassing the total of 20 incidents for the entire year of 2025. CertiK attributes this to France's hosting of flagship crypto companies like Ledger and Binance, frequent data breaches, and a prevalent culture of "showing off wealth and doxxing" within the community. In contrast, the number of reported incidents in the United States dropped from 9 in 2025 to 3 in the first quarter, while Asia saw a decrease from 25 to 2.Regarding attack patterns, CertiK pointed out that criminal groups have shifted to a "data-driven targeting" model, reducing the need for on-site reconnaissance by purchasing victims' names, addresses, and asset information from data intermediaries. This year, over half of the incidents involved threats or direct harm to victims' family members (spouses, children, elderly parents) as a means of exerting pressure. In terms of execution, small groups of 3 to 5 individuals typically operate through

After the U.S. Senate reached a compromise on the issue of stablecoin yields, expectations for the advancement of the cryptocurrency market structure bill have significantly improved. Industry insiders say this progress has "significantly boosted market sentiment," and the Senate Banking Committee may advance the review and vote next week.Previously, the probability of the bill passing was only about 20%–30%, but expectations have now risen to about 60%. However, ethical issues surrounding Donald Trump and his connections to cryptocurrency businesses are still seen as a key obstacle. The bill aims to establish a comprehensive regulatory framework at the federal level for the first time and delineate the regulatory authority between the SEC and CFTC.