sync

According to the official X account of ZKsync (@zksync), ZKsync announced a security upgrade for its EraVM chain. The core measures include: introducing an instant upgrade framework, extending the execution delay from 3 hours to 24 hours, and developing a second prover, EraBender, to guard against AI-driven vulnerability attacks.In the next 6 months, all Boojum/EraVM chains will gradually phase out the old execution environment, and each chain will formulate and announce its own transition timetable. Users holding funds directly in EOA do not need to take any action; users holding funds through multi-signature, smart accounts, DEX, lending protocols, and other smart contracts need to take action as required after the transition plans of each chain are determined. The ZKsync Atlas chain is not affected by this upgrade.

This week, U.S. cryptocurrency policy has seen intensive progress. The Trump administration has pushed for new advancements in the CLARITY Act, the SEC has proposed a draft of regulatory rules for cryptocurrency assets for the first time, and the CFTC has stated that if congressional legislation stalls, it will promote the establishment of an independent regulatory framework for the cryptocurrency market. Trump met with leaders from several cryptocurrency companies at the White House this week and publicly called on Congress to pass a "fair version" of the CLARITY Act. Representatives from Coinbase, a16z, Ripple, Kraken, and other industry participants attended the meeting, focusing on the bill's impact on U.S. jobs, innovation, and attracting cryptocurrency companies back. Currently, the main obstacles to advancing the bill are concentrated on certain ethical clauses. Trump believes that the relevant provisions may target individuals, but industry insiders are pushing both sides to find a compromise to facilitate bipartisan support.CFTC Chairman Mike Selig stated that the CLARITY Act is key to avoiding regulatory uncertainty. If Congress continues to delay, the CFTC will use its existing authority to formulate regulatory rules for the cryptocurrency asset market. Meanwhile, the U.S. SEC has officially proposed a "Crypto Assets Rule Framework," planning to allow certain cryptocurrency financing to be exempt from full securities registration under specific conditions, including a cumulative financing cap of $5 million over four years or an annual limit of $75 million, and providing conditional safe harbor for certain token projects. Additionally, the SEC is considering limiting certain state securities registration requirements to provide a clearer compliance path for U.S. cryptocurrency companies. Market participants believe that recent actions by U.S. regulators indicate that Washington is shifting from a previous enforcement-based regulatory model to establishing a systematic regulatory framework for cryptocurrency assets.On the other hand, former Signature Bank Chairman Scott Shay has launched the N3XT Digital Dollar (NDD) digital dollar deposit project, attempting to challenge the stablecoin market. NDD operates on a public blockchain, enabling 24/7 dollar transfers, and is backed one-to-one by cash and short-term U.S. Treasury bonds. Shay stated that banks can leverage blockchain technology to create a payment system similar to stablecoins while maintaining the dollar credit advantage of the traditional financial system. The project is seen as a new attempt by banks to respond to the expansion of stablecoins. Additionally, the cryptocurrency investment market is entering a new cycle. Dragonfly partner Rob Hadick stated that although AI is attracting significant capital, cryptocurrency startup activity is still recovering, and future predictions of market, institutional applications, and improvements in U.S. regulation may drive new growth in the industry.

The American financial services company Synchrony announced a corporate partnership with OpenAI to deploy the GPT-5.6 Sol, Terra, and Luna models, and to launch ChatGPT plugins.

According to GoPlus monitoring, a Bitcoin holder just securely transferred assets from a Coldcard MK4 hardware wallet to a centralized exchange, avoiding the risk of the hardware wallet itself being stolen. However, within less than 12 hours after the transfer was completed, their Google account was hacked. Due to enabling Google verification cloud synchronization, the exchange account was logged into, and approximately $750,000 worth of Bitcoin was emptied.GoPlus pointed out that such attacks typically do not rely on brute force but are achieved through social engineering phishing and weak password cracking. Common methods include: phishing pages inducing the input of Google passwords, malicious browser plugins or cracking software stealing cookies and passwords, weak password reuse being cracked, and password resets after recovery email or phone number takeover.

According to CoinDesk, the privacy blockchain project Miden plans to launch the privacy stablecoin USDCx, which is natively issued on the Miden network based on Circle's xReserve infrastructure, maintaining a 1:1 peg with USDC. When users hold and transfer USDCx, their balances, counterparties, or transaction histories will not be publicly exposed, but selective information disclosure will be supported for compliance needs.The stablecoin is expected to launch in sync with the Miden mainnet, which is targeted to start at the end of this month. Miden views USDCx as the foundation of its "PriFi" privacy finance direction, covering scenarios such as institutional trading, B2B payments, payroll management, and cross-border payments, aiming to address the pain points of achieving both transparency and compliance in institutional finance on public blockchains. Previously, in April last year, it was reported that Miden completed a $25 million seed round of financing, led by a16z Crypto along with Hack VC and 1kx.

According to Jinshi reports, the Federal Reserve reiterated in the FOMC statement that employment growth is in sync with the labor force.

Libbitcoin developer @evoskuil stated that the latest version of Libbitcoin Server can complete the initial block download of a Bitcoin full node in 55 minutes and perform full verification. This speed improvement comes from a new GPU-based signature verification system that runs in parallel with conventional script verification, rather than as a separate step.The software does not pause execution to verify each ECDSA and Schnorr signature; instead, it captures signature checks, batches them, and processes them via GPU while the remaining verification continues. @evoskuil indicated that this method achieves about a 99.5% signature capture rate without blocking verification, thus eliminating the need for a second verification. If a batch signature check fails, the software traces it back to the corresponding block and marks that block as invalid. He also mentioned that this design can batch process an almost arbitrary number of signatures, keeping the GPU ahead of the remaining verification process and significantly shortening the full node synchronization time.

According to The Block, the Tokenization platform Tradable, invested by ParaFi Capital, plans to migrate approximately $1 billion of private credit assets from the Ethereum Layer 2 ZKsync to the public blockchain Stellar. Tradable was established in 2024 and provides on-chain infrastructure for the full lifecycle management of private credit, compliance controls, and investor account opening. Last year, it tokenized approximately $1.7 billion and nearly 30 institutional-level private credit positions on ZKsync.This migration aims to leverage Stellar's user base and compliance and privacy features in the institutional tokenization field to provide high-quality on-chain private credit investment opportunities to traditional asset managers. Stellar has previously hosted RWA products and stablecoin pilots for Franklin Templeton, WisdomTree, Ondo Finance, Figure, and others.

According to the official Lido blog, Lido DAO has revoked the "official" bridge endpoints for wstETH on nine networks: zkSync Era, Mode, Scroll, Mantle, Swell, Zircuit, Soneium, Polygon PoS, and Lisk, through a Snapshot vote.This move is a resource adjustment at the governance level and does not affect the technical operation of the related bridges and contracts. Users can still hold, transfer, or bridge back wstETH on the aforementioned networks to Ethereum. Lido will stop security monitoring, ecosystem, and market support for these networks, but no migration deadline will be set.

On June 23, according to WEEX TradFi data, precious metals and commodities overall weakened, and market risk aversion sentiment has temporarily eased. Among them, XAU fell 0.81% in 24 hours, GOLD (PAXG) fell 0.83% in 24 hours, and CRUDEOIL fell 2.08% in 24 hours.WEEX Labs believes that the recent decline in crude oil is mainly influenced by the easing situation in the Middle East and improved supply expectations, while gold prices are affected by the trend of the US dollar, real interest rates, and changes in ETF demand. This round of adjustment reflects a repricing of macro factors, with funds focusing on subsequent data and news changes. In the short term, attention should be paid to the impact of interest rate paths and geopolitical factors on the commodity market.

Last week, the cryptocurrency market was under pressure due to higher-than-expected CPI data and geopolitical tensions in the Middle East. However, as the market completed risk pricing, BTC, ETH, and the overall cryptocurrency market experienced a rebound after an initial decline. BTC rose approximately 4.2% for the week, while ETH increased about 2.1%. The ETF capital flows and derivatives market also showed signs of recovery.Gate TradFi Perp's daily trading volume repeatedly exceeded $500 million, peaking close to $700 million, reflecting a continued warming of institutional risk appetite and demand for multi-asset allocation. In terms of institutional business, Gate's institutional trading volume share increased by 7.5% month-on-month, with BTC and ETH spot market shares growing by 9.62%.

The development company behind zkSync, Matter Labs, announced layoffs on Tuesday and is fully transitioning the entire organization to the institutional-grade on-chain privacy infrastructure platform Prividium. CEO Alex Gluchowski defined this move on X as a skills restructuring rather than a cost-cutting measure, stating that the products built for regulated financial institutions since 2024 have evolved into Prividium, aiming to provide on-chain infrastructure that combines transaction confidentiality with compliance auditing capabilities for regulated entities such as banks and asset management companies.Gluchowski mentioned that this transformation is based on specific product feedback from institutional clients, but did not disclose the number of layoffs. According to CoinGecko data, the market capitalization of the zkSync token is approximately $115 million, having risen 4.3% in the past 24 hours. This transformation reflects a broader trend in the Layer 2 market, as ZK and L2 projects like Hyli and Botanix have shut down, and general-purpose horizontal platforms are facing pressure to find defenses in vertical fields. As of the time of publication, Matter Labs has not made any statements regarding the future of the zkSync network and ZK tokens.

According to Jinshi reports, Krishna Bhimavarapu, an economist at State Street Global Advisors in the Asia-Pacific region, stated that supported by enhanced economic resilience and rising inflation, central banks around the world may be entering a phase of synchronized interest rate hikes. Bhimavarapu pointed out that the Bank of Japan seems ready to raise interest rates to the psychological key point of 1% and may hint at a second rate hike this year. In contrast, the Reserve Bank of Australia appears to be pausing interest rate hikes due to weakening economic growth and labor market momentum, but the inflation issue remains unresolved, potentially leaving room for at least one more rate hike. Bhimavarapu expects that the Federal Reserve may shift to a hawkish stance by the end of this week.

According to analyst Yu Jin, after the launch of the spot ETF, the price trends of BTC and ETH are basically consistent with the fund flows of the ETF: inflows correspond to price increases, and outflows correspond to price decreases.The data provided states that from October last year to now, the BTC ETF size has decreased from $169.5 billion to $96.4 billion, a reduction of 43%. During the same period, the price of BTC fell from $125,000 to $73,000, a decline of 41%; the ETH ETF size decreased from $32 billion to $11.6 billion, a reduction of 63%, while the price of ETH dropped from $4,800 to $2,000, a decline of 59%. Recently, the ETF has continued to experience net outflows, corresponding to a price decline that has lasted for about half a month.

According to HyperInsight monitoring, a trader shorted 9,220 shares of SpaceX (SPCX) on Hyperliquid with 3x leverage, with a position size of $1.88 million; simultaneously, they shorted 18,130 shares of Cerebras (CBRS) with 3x leverage, with a position size of $5.63 million, currently facing a total unrealized loss of over $50,000.

Gate, a global leading digital asset trading platform, released its transparency report for April 2026. As the on-chain infrastructure continues to improve and capital efficiency increases, the synergy between on-chain trading, financial products, and payment scenarios has further enhanced, maintaining a steady upward trend in overall ecosystem activity.In terms of on-chain network, the number of transactions on Gate Layer exceeded 36.3 million, with a month-on-month growth of over 11%. The proportion of non-API trading on Perp DEX is close to 90%, reflecting a continued recovery in retail participation. On the capital and product side, the peak TVL of Yubibao approached $1.8 billion, the scale of on-chain earning products continues to grow, GUSD's scale has increased to over $190 million, and the crypto payment scenario has further extended into daily consumption through Gate Card, with the user base continuously rising.In addition, Gate has joined the Mastercard crypto partner program and is deepening cooperation around crypto cards, stablecoin payments, and cross-border settlements, promoting the accelerated integration of digital assets into the global mainstream payment system.The platform ecosystem is also continuously evolving, with approximately 2.5577 million GT tokens burned on-chain in the first quarter of 2026, with a destruction value exceeding $20.68 million. As of now, the cumulative burn of GT has exceeded 187 million tokens, accounting for about 62.46% of the initial supply.On the basis of adhering to the stable execution of the established burn plan, the long-term supply contraction trend of GT has become clearer, providing a foundation for its scarcity and value support. Gate is continuing to strengthen the integrity and global connectivity of its multi-asset financial infrastructure through the synergy of on-chain ecosystem expansion and asset management.

According to BBX data, institutional demand for Bitcoin ETFs maintained strong momentum yesterday. Today, both houses of Congress are advancing cryptocurrency legislation simultaneously for the first time, with the core dynamics as follows:The U.S. Bitcoin spot ETF recorded a total net inflow of approximately $358.1 million yesterday (May 13), with BlackRock, Inc. (NYSE: $BLK) subsidiary iShares Bitcoin Trust (NASDAQ: $IBIT) seeing a single-day net inflow of $269.3 million, the strongest single-day data in recent weeks; the overall U.S. Bitcoin spot ETF has recorded net positive inflows for seven consecutive weeks, further reinforcing the structural signal of institutional capital returning. Bitcoin closed above $80,000 yesterday, with a year-to-date increase of about 14%, and market sentiment remains relatively optimistic on the eve of the CLARITY Act markup.The House Ways & Means Committee held a closed-door meeting today (May 14) on cryptocurrency tax reform in sync with the Senate Banking Committee's CLARITY Act markup, covering topics such as the treatment of capital gains tax on crypto assets, tax reporting responsibilities for DeFi protocols, and the tax classification of Bitcoin mining and staking income; this marks the first time in 2026 that both houses of Congress are advancing cryptocurrency regulatory legislation on the same day, indicating that cryptocurrency regulatory legislation has expanded from a single market structure issue to a complete legislative ecosystem of "regulatory framework + tax system."

ZKsync's official announcement stated that following several ZK token governance proposals, the governance service provider ScopeLift has now launched the "ZK Fee Flow System" proposal on the forum. This system is a set of smart contract mechanisms that allow ZKsync Governance to route and allocate protocol revenue and fees through its controllable on-chain mechanisms. ZKsync indicated that the relevant forum post has detailed the contract architecture, operational mechanisms, security measures, and deployment addresses of the system.

Glassnode's latest weekly report indicates that Bitcoin slowly climbed from $77,000 to $82,000 last week, with buying pressure continuing to support during the pullback, even as momentum began to cool near local highs. The spot CVD surged, reflecting strong bullish sentiment and a firm belief in price increases. Meanwhile, spot trading volume also increased, indicating that the recent price trend gained more support with heightened investor participation. However, the easing of price momentum suggests that buying and selling pressures are becoming more balanced, implying that the market may be entering a stabilization phase.The situation in the futures market is similar, with a rise in risk appetite. The increase in open interest indicates heightened speculative activity, with investors willing to take on more risk; the perpetual contract CVD surged, indicating sustained bullish momentum. However, the decline in long funding rates suggests a shift towards bearish sentiment, and bullish sentiment may have weakened.In the options market, the demand for downside protection has decreased, while open interest has increased, indicating a shift in market expectations towards neutral or slightly bullish. However, the volatility spread has surged significantly, indicating that the risks reflected in options pricing are much higher than the actual risks, reflecting a notable increase in participant uncertainty.In summary, supported by stronger on-chain activity, healthier profitability, and more stable holder positions, Bitcoin's market structure continues to improve. Although bullish sentiment is strengthening, the slowdown in capital inflows and cautious market sentiment suggest that the market remains sensitive to changes in risk appetite.