rifi

According to The Block, the Bank for International Settlements (BIS) announced that its "Project Agorá" tokenization prototype has successfully verified the feasibility of atomic settlement for cross-border wholesale transactions. The prototype employs a layered architecture, utilizing tokenized central bank reserves and commercial bank deposits to achieve "all or nothing" transaction chain execution across multiple currencies and jurisdictions, while allowing central banks to retain operational autonomy.Legal analysis shows that finality of settlement can be achieved in all seven participating jurisdictions, and privacy protection can also be ensured within a compliant framework. The project is jointly initiated by the BIS and the International Financial Association, with participation from seven central banks including the Federal Reserve Bank of New York, the Bank of England, the Bank of France, the Bank of Japan, the Bank of Korea, the Bank of Mexico, and the Swiss National Bank, as well as over 40 private financial institutions. In the next phase, the Bank of Canada will officially join as the eighth central bank member, and the project will advance to the real value testing stage, further expanding private sector participation.

According to a report by the Financial Associated Press, in response to the issue of "some banks in the Hong Kong region requiring a declaration to open investment accounts," the Hong Kong Monetary Authority (HKMA) responded today that the relevant regulatory requirements were issued to all recognized institutions on May 22.Materials provided by the HKMA indicate that registered institutions must take three additional measures when opening and managing investment accounts for mainland investors, including:Closing investment accounts opened using suspicious or forged documents, identifying customer investment accounts that have used suspicious or forged documents since January 2023 or during any other period specified by the HKMA; relevant documents include identification documents.Closing investment accounts with zero balance that have been inactive, specifically referring to investment accounts held by mainland investors that have had no asset balance as of May 22, 2026 (reference date), and have had no activity initiated by the customer in the 12 months prior to the reference date.When opening new investment accounts, obtaining a written declaration from the mainland investor confirming that all funds used to support investment activities and related settlements come from legal sources outside mainland China.Relevant documents show that the newly added additional regulatory measures apply only to investment accounts, including investment accounts within comprehensive bank accounts; non-investment functions (such as regular savings, time deposits, payments, loans, and credit cards) are not within the scope of these measures. Additionally, the applicable subjects of these additional measures are individual customers and do not apply to corporate or institutional clients.

According to a report by Cai Lian She, Tiger International issued a statement clarifying that recent remarks about its "refusal to cooperate with regulators" or "confronting regulators" are completely inconsistent with the facts.The company stated that compliance is the lifeline of its operations. In response to the latest regulatory requirements put forward by regulatory agencies, the company will strictly rectify in accordance with the guidance of the China Securities Regulatory Commission and relevant regulatory departments. Starting in 2023, the company has fully stopped opening accounts and marketing to mainland users, and by the end of the first quarter of 2026, the proportion of assets from mainland clients is expected to be about 10%. The client and asset scale in overseas markets is steadily growing, and the company will steadily advance compliance work to ensure the safety of client assets.

Grayscale has released its latest research report, with Grayscale's research director Zach Pandl stating that as the CLARITY Act progresses and the U.S. Securities and Exchange Commission (SEC) provides clearer guidelines, tokenized assets and blockchain applications such as decentralized finance (DeFi) may see development.Grayscale believes that Ethereum, Solana, BNB Chain, and Canton Network, which currently dominate financial activities on relevant chains, may be the first to attract institutional capital. The article states that in the fields of tokenized assets, stablecoins, and DeFi, Ethereum, Solana, and BNB Chain are in leading positions, while Canton Network also holds a significant share in the direction of tokenized assets.

According to a recent video interview by Cointelegraph, Dr. Han, the founder and CEO of Gate, stated that the cryptocurrency industry is gradually shifting from a speculation-driven market to a phase focused on infrastructure development and real-world applications.Dr. Han pointed out that stablecoins, RWA, AI, and asset tokenization are becoming the core directions of the industry, while a clearer regulatory framework (such as the CLARITY Act) is expected to further promote DeFi, payments, and on-chain financial innovations.Dr. Han also mentioned that high user entry barriers, security risks, and fragmented liquidity remain significant challenges currently faced by the industry. In the future, the cryptocurrency industry will further integrate with traditional finance and play a more important role in areas such as payments, settlements, and the circulation of digital assets.Gate continues to deepen its multi-asset and TradFi layout. In addition to expanding assets such as stocks, metals, foreign exchange, indices, and commodities, it has also launched Pre-IPOs and listed its first project, SpaceX (SPCX). At the same time, as one of the first CEX platforms to access Polymarket, Gate is continuously promoting the development of the prediction market ecosystem and accelerating the construction of a comprehensive trading platform covering both cryptocurrency and traditional finance.

Lighter officially stated on X that it has completed the escape mechanism verification conducted by the third party L2BEAT, which means that even if the sequencer at the L2 level fails, users can withdraw funds from Lighter's L2 back to Ethereum in a permissionless manner. It is the first L2 Perp DEX in the industry to achieve this functionality.

According to Bits.media, the Russian government's bill on cryptocurrency regulation will be revised during its second reading, aiming to grant the central bank the authority to set requirements for anti-money laundering verification services for cryptocurrency transactions. Alexey Yakovlev, head of the Financial Policy Department of the Ministry of Finance, stated that he hopes to authorize the central bank to impose requirements on AML services, enabling them to verify whether transactions comply with current Russian laws and regulations.A representative from the Ministry of Finance stated that the authorities plan to mandate AML services to consider an "external perspective," analyzing the performance of Russian cryptocurrency wallets in international services and the "image of the Russian system formed abroad." At the same time, such services must "maintain the confidentiality of Russian financial infrastructure," not disclosing their operational principles and internal process details to outsiders. AML services are platforms that help users verify the risks of cryptocurrency wallets concerning international sanctions, anti-money laundering, and counter-terrorism financing. Currently, the main regulatory body for such platforms in Russia is the Federal Financial Monitoring Service of the Russian Federation.

Vitalik Buterin published an article discussing the application prospects of Formal Verification in the field of blockchain security.The article points out that a new paradigm is emerging in Ethereum's cutting-edge research and development, where code is directly written using EVM bytecode, assembly, or Lean, and its correctness is verified using automatically checkable mathematical proofs in Lean. Researcher Yoichi Hirai refers to this paradigm as "the ultimate form of software development."Vitalik believes that AI-assisted formal verification is expected to enhance both code efficiency and security, particularly suitable for security core modules such as STARK, ZK-EVM, quantum-resistant signatures, and consensus algorithms.The article also emphasizes that formal verification is not a panacea and may still fail due to issues such as incomplete proof coverage, specification errors, and hardware side channels; in the future, software may differentiate into "security cores" and "non-security edges," with Ethereum becoming one of the important security cores.

Ethereum co-founder Vitalik Buterin commented on the issue of Ethereum state storage, stating that even if users store data themselves, the blockchain only stores hashes, and transactions only include proofs, it still requires storage and updating of the data used to verify the proofs, and this data ultimately becomes almost as large as the state itself; Vitalik mentioned that there are solutions to the relevant issues, but they involve a large number of components and require trade-offs compared to the current Ethereum.Previously, DeFi content writer marilyn100x.eth stated that Ethereum has a state storage problem, where developers pay a one-time fee to write data, while nodes bear the long-term storage costs. However, EIP-8037 does not involve time-weighted rent or ongoing fees, but significantly increases the upfront gas costs for new contracts, accounts, and storage slots to control state growth during the scaling process.

KB Financial Group announced that it has completed the technical proof of concept for the Korean won stablecoin in scenarios such as payments, settlements, and international remittances. This verification was jointly completed by KB Financial Group, electronic payment company KG Inicis, public chain Kaia, and digital asset solution company OpenAsset, covering the entire financial service process including the issuance of the Korean won stablecoin, offline payments, merchant settlements, and cross-border remittances.According to reports, the solution migrates the internal settlement system to a blockchain architecture while maintaining users' original financial service habits. Among them, actual payment scenarios have been tested through the offline self-service terminals of the chain coffee brand Hollys, allowing users to make payments via QR codes without the need to install a digital wallet; the system automatically executes on-chain smart contracts during the settlement phase. In addition, in the cross-border remittance test, the system first exchanges the Korean won stablecoin for US dollar stablecoins through Kaia's on-chain liquidity, and then the local partner in Vietnam completes the fiat currency crediting. The entire remittance process takes only about 3 minutes, with fees reduced by approximately 87% compared to traditional SWIFT remittance models.

Aptos posted on platform X stating that Aptos is the first L1 to support dynamically scheduled formal verification, which can be mathematically proven to operate as designed. Aptos claims that AI writes specifications, mathematically proves their correctness, and Move Prover serves as the oracle, which is the trust layer between the market and machines.

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.

The Financial Security Institute of South Korea announced that it will promote three key tasks around digital asset services, including the development of smart contract verification tools, the establishment of a smart contract verification system, and the cultivation of professional talent in digital assets.It will develop dedicated security verification tools that can automatically detect major vulnerabilities such as reentrancy attacks, access control errors, and collateral verification omissions, targeting scenarios like token securities and stablecoins, and continuously update detection rules in conjunction with the South Korean financial regulatory environment. Meanwhile, the agency will also release the "Smart Contract Security Guidelines," covering the entire process of development, deployment, and operation, and enhance the digital asset security capabilities of financial institutions through seminars, collaborative networks, and other means.

Strategy CEO Phong Le confirmed that the company only sells Bitcoin under specific conditions. Previously, Executive Chairman Michael Saylor hinted at the possibility of selling Bitcoin to pay dividends, which led to a 4% drop in MSTR's stock price. Le stated that the decision to sell is primarily related to the Series A perpetual preferred stock Stretch (STRC, dividend yield 11.5%). The company will execute sales when it is more beneficial for shareholders to sell Bitcoin than to issue stock for dividend payments, with specific trigger conditions being the stock price falling below book value or mNAV falling below approximately 1.22. The second condition involves tax management, including realizing deferred gains or capturing tax losses. Le emphasized that the company's leverage is about 10%-15%, with a magnification rate of about 35%, and the financial situation is manageable.Strategy currently holds 818,334 BTC, with an average price of approximately $75,537, making it the largest publicly traded holder of Bitcoin in the world. Le pointed out that the daily trading volume of Bitcoin exceeds $60 billion, while the company's annual dividends are only about $1.5 billion, indicating that liquidity is not an issue, and stated, "I believe in math rather than ideology."

After the Kelp security incident, Tether's asset interoperability protocol USDT0 announced details of its protocol security architecture, stating that the current system uses a proprietary DVN (Decentralized Verification Network) and has message veto power, while requiring 3 independent validators to reach a 3/3 consensus based on different codebases before cross-chain messages can be settled.The current validating nodes include USDT0's proprietary DVN, LayerZero, and Canary, with plans to expand to 4/4 and 5/5 verification mechanisms in the future. USDT0 also stated that all multi-signature transactions must undergo multiple reviews by internal teams, external security teams, and auditing institutions before submission for signing. Relevant contracts have been audited by organizations such as Guardian and OpenZeppelin and have launched a $6 million bug bounty program on Immunefi.

Nic Puckrin, co-founder and CEO of Coin Bureau, posted on the X platform that Bitcoin has surpassed the $80,000 mark, reaching a nearly three-month high, and has re-entered several key technical and on-chain indicator ranges, including the CME gap (between $79,000 and $84,000) midpoint, bull market support zone, and has risen above the short-term holder realized price and the true market average.Nic Puckrin analyzed that if the Bitcoin price can stabilize in the current range, the next levels to watch include the ETF average cost range around $83,000 and the upper edge of the CME gap around $84,500. Overall, Bitcoin's short-term trend has entered a critical verification phase, and the market may welcome a more volatile trading window.

According to official disclosure from 0G Labs, 0G Private Computer has officially launched, providing privacy inference services based on TEE (Trusted Execution Environment) for AI agents and developers. Users can access the service through pc.0g.ai.The official statement indicates that the product utilizes a hardware isolation environment composed of Intel TDX CPU and NVIDIA H100/H200 GPU, with all inference requests completed within the TEE. Input content is transmitted in an encrypted manner, and output results will undergo signature verification, ensuring that service providers cannot directly view user data.Currently, the platform supports models such as DeepSeek DeepSeek Chat V3, Alibaba Qwen3.6 Plus, Zhipu AI GLM-5-FP8, Qwen3-VL-30B, OpenAI Whisper-large-v3, and z-image, and provides an interface compatible with the OpenAI API, allowing developers to complete migration by modifying the base URL.

According to monitoring by PeckShield, a user lost their Alchemix Yearn yvVault position yvWETH, worth approximately $1 million, due to previously authorizing an unverified contract. This unverified contract was created 10 days ago and has vulnerabilities that can be exploited to execute arbitrary calls.

According to Insight Korea, South Korea's digital bank K Bank has established a strategic partnership with blockchain company Ripple to advance the verification of next-generation cross-border remittance technology based on blockchain.Both parties will focus on assessing the optimization potential in remittance speed, cost structure, and transaction transparency through Ripple's global payment network and infrastructure. The current collaboration includes proof of concept based on digital wallets, joint development of cross-border remittance models, and expansion in the digital asset field. The ongoing second phase of testing has simulated the connection between the bank's internal systems and customer accounts, testing on-chain fund transfers aimed at the UAE and Thailand. K Bank is also evaluating the adoption of Ripple's SaaS digital wallet Palisade to enhance compliance and deployment efficiency.

Vitalik Buterin posted on the X platform, stating that there is a significant risk associated with a single data source in light of the recent incident where weather sensors at Paris airport were interfered with, affecting the outcomes of prediction markets.He pointed out that for such data-driven prediction markets, at least the median of three independent data sources should be used as a reference to reduce the possibility of manipulation.