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According to the Financial Times, JPMorgan Chase terminated its banking services for Polymarket last October due to regulatory concerns, requiring the company to seek new banking institutions. Previously, Polymarket was banned from providing services to U.S. customers after the Commodity Futures Trading Commission took enforcement action in 2022.Currently, Polymarket has partnered with a new bank, but the specific name has not been disclosed. JPMorgan Chase still maintains business dealings with Polymarket and invited its CEO Shayne Coplan to participate in a private banking client meeting held in Miami this February, where he spoke alongside former NFL player Tom Brady. Polymarket stated that the two parties continue to maintain a close and active relationship in various areas, including multiple entities, operational integration, and customer fund flow management.Since 2026, prediction market platforms like Polymarket and Kalshi have faced legal actions from multiple U.S. states regarding their alleged operation as illegal sports bookmakers, while the relevant platforms argue that they operate as exchanges facilitating trades between buyers and sellers, rather than as bookmakers. According to user aggregated data, the nominal trading volume of prediction markets has exceeded $250 billion since 2026.Meanwhile, Polymarket is seeking over $1 billion in financing, with a target valuation of $20 billion, more than doubling from the approximately $8 billion valuation during the last round of financing in 2025.

The prediction market trading terminal Fireplace has officially announced its shutdown. The website will remain open until the end of September, during which users can close positions, withdraw funds, and export accounts.Fireplace is a professional trading terminal that aggregates markets and liquidity from prediction market platforms such as Polymarket. In February of this year, the project completed $1.5 million in Pre-Seed financing.

The Move-to-Earn application Step App officially announced its closure after four years of operation. The official statement indicated that the platform has achieved over 1 million downloads, tracked billions of steps, and facilitated the integration of Web2 and Web3 in the fitness sector.All services will cease before August 21, 2026. The team reminds users to unstake locked tokens and manage their exchange positions before this date.

According to reports from Huxiu Technology, Jieyue Xingchen is advancing along two strategic lines: one centered around large models, and the other focused on intelligent terminal devices. The mobile phone business has been placed under the independent company "Zhiyue Xingchen," operated by a team with backgrounds in Huawei and Honor, led by terminal president Ni Jiayue. Jieyue's first intelligent terminal phone STEPX Neo was unveiled during WAIC, but the price and mass production schedule have not been announced. Huxiu has learned that Jieyue is building an overseas commercialization team, planning to sell large model APIs (primarily voice models) overseas, and mobile phones will also be included in the overseas sales plan.Jieyue Xingchen's chairman Yin Qi previously attempted the "AI + car" path at Qianli Technology (formerly Lifan Technology), and this time, using mobile phones as the first piece of the terminal strategy aims to establish a closed-loop system of "model---operating system---terminal." The phone is equipped with the Step AOS intelligent terminal operating system, positioned as a carrier for intelligent terminal services, with the business model ultimately returning to Token consumption. Jieyue also maintains model collaborations with 60% of top domestic mobile phone brands, with existing installations exceeding 42 million units, but the potential competitive relationship with its own mobile phone business remains unclear. As of the time of publication, Jieyue Xingchen has not commented.

According to Jinshi reports, market sources say that Ukrainian drones attacked the grain export terminal in Russia's Taman Port, causing significant damage.

According to CNBC, the prediction market platform Kalshi has officially launched the professional trading terminal Kalshi Pro (beta version) to the public, aimed at high-frequency and professional users who trade multiple markets and participate in real-time event trading.Kalshi Pro supports professional features such as real-time public transaction flow, order book depth viewing, multi-leg contract analysis, and order management, and has added terminal-level charts and position risk management tools specifically for perpetual futures.Kalshi's product head Andy Chang stated that active traders have begun trading prediction markets and perpetual futures like Wall Street trades stocks and bonds, and Kalshi Pro aims to provide institutional-level trading terminals for professional traders.

Zhao Changpeng (CZ) posted on X that 5,000 POS terminals of Kazakhstan's Alatau City Bank have been integrated with Binance Pay.

The Hong Kong-listed company Okex Cloud Chain (1499.HK) announced its annual results for the year ending March 31, 2026. During the period, the group generated approximately HKD 191.7 million in revenue from continuing operations, a decrease of about 46.7% compared to HKD 359.8 million in the same period of 2025.The company incurred a loss of approximately HKD 28.8 million this year, widening the loss by about 82% compared to the same period last year; the basic and diluted loss per share was HKD 0.54.The report indicated that the group terminated its digital asset proprietary trading business and technical services during the reporting period, with approximately HKD 96.55 million in digital assets reclassified as intangible assets.

BNB Financial Company CEA Industries announced a cooperation agreement with YZi Labs, and both parties will jointly promote the adjustment of the BNC governance structure. According to the agreement, Ella Zhang, Alex Odagiu, and Matthew Roszak have been appointed as company directors, and both parties will jointly select an independent director with experience in digital assets, capital markets, and governance of listed companies.At the same time, the board of directors will establish a CEO selection committee, with YZi Labs partner Alex Odagiu serving as interim president until a new CEO is appointed. As part of the agreement, YZi Labs will terminate the previous consent solicitation and withdraw related requests. CEA Industries stated that this move will help strengthen corporate governance and enhance its ability to execute long-term strategies around the BNB ecosystem.

The merger between cryptocurrency asset management company ReserveOne and special purpose acquisition company (SPAC) M3-Brigade Acquisition V Corp. (MBAV) has been declared a failure.Insiders revealed that the $1 billion deal ultimately collapsed due to at least two major investors in ReserveOne requesting to terminate the sale. The investors believe that since the announcement of the merger nearly a year ago, the prices of Bitcoin and other tokens have significantly dropped, and if ReserveOne were to go public now, its stock price would inevitably be below net asset value. Additionally, the transaction costs that need to be paid to bankers and sponsors make it economically unfeasible.

Barron's reporter Nick Devor posted on X that Kalshi announced new developments regarding its "perpetual contracts" product at today's Kalshi Perpetuals event. The perpetual contracts are now open to the public (currently supporting 11 types of tokens), and its proprietary trading terminal Kalshi Pro will also be launched later this summer.

According to crypto journalist Eleanor Terrett, the final text of the compromise on Section 702 of the Foreign Intelligence Surveillance Act (FISA), proposed by Senate Intelligence Committee Chairman Tom Cotton, includes a Federal Reserve CBDC ban that was originally part of the housing bill. This text is expected to ultimately become law. Notably, the termination date of the ban has been moved up from December 31, 2030, to June 12, 2029.

Binance launched the Genius Terminal (GENIUS) HODLer airdrop event on May 29 at 16:00. Users who purchase principal-protected earning products or on-chain earning products using BNB between May 11, 2026, 08:00 and May 14, 07:59 will automatically receive airdrop allocations. The airdrop is expected to be distributed to users' spot accounts within 5 hours after the announcement is made.

According to the official announcement, the cryptocurrency trading platform SuperEx has officially launched Genius Terminal (GENIUS) in the innovation zone and has opened the GENIUS/USDT spot trading pair. Currently, related deposit, withdrawal, and trading services have been fully activated.In addition, GENIUS assets have been synchronized to be included in the support range for all-currency contract margin. It is reported that Genius Terminal aims to create the first private and ultimate on-chain terminal.

Binance will launch the principal-protected earning products for Genius Terminal (GENIUS) and OpenGradient (OPG) on May 22, 2026, at 20:00, and will open for subscription. In addition, users can trade and exchange through one-click coin purchase, flash exchange trading platform, and VIP borrowing, with specific trading pairs including GENIUS/USDT, GENIUS/USDC, OPG/USDT, OPG/USDC.

Binance's Genius Terminal (GENIUS) and OpenGradient (OPG), originally scheduled to launch on May 22, 2026, at 19:00, will be postponed to the same day at 20:00.

Binance will launch spot trading for Genius Terminal (GENIUS) and OpenGradient (OPG) on May 22, 2026, at 19:00. The trading pairs include GENIUS/USDT, GENIUS/USDC, GENIUS/TRY, OPG/USDT, OPG/USDC, and OPG/TRY. Users can trade after the launch, and seed tags will apply to both tokens.

According to Bloomberg, Galaxy Digital founder and billionaire Michael Novogratz confronted BitGo Holdings CEO Mike Belshe in court this week over a four-year merger dispute.BitGo is seeking at least $100 million in damages from Galaxy, stemming from Galaxy's proposed $1.2 billion acquisition in 2021—at the time the largest merger deal in the history of the crypto industry—which ultimately fell through due to the collapse of the crypto market. BitGo alleges that Galaxy failed to make reasonable efforts to push the deal to completion and concealed relevant details about investigations by U.S. authorities, which could significantly impact the completion of the merger.

According to NADA NEWS, ReYuu Japan, a company listed on the Tokyo Stock Exchange Standard Market, announced that, after mutual consultation, it has terminated the basic agreement reached with the Canadian investment company Universal Digital Inc. regarding a financing framework of up to $100 million (approximately 15 billion yen).The agreement was originally intended to promote external financing arrangements related to its cryptocurrency asset reserve (DAT) strategy, but it was not a formal loan contract, and the establishment of the financing framework or actual borrowing had not been completed. ReYuu Japan stated that the capital market environment for listed companies implementing cryptocurrency asset reserve strategies has changed, and investor attitudes have become more cautious; this termination does not mean that its cryptocurrency asset reserve strategy is halted, and it will continue to assess based on market conditions, financial stability, and shareholder value.

According to Reuters, the Bitcoin Initiative, which aimed to push the Swiss National Bank to include Bitcoin in its reserves, is expected to be terminated due to its failure to obtain the 100,000 signatures required to trigger a referendum.As the 18-month collection period nears its end, the initiative has only gathered about half of the signatures. The Swiss National Bank reiterated that the price volatility of cryptocurrencies and insufficient market liquidity do not meet its foreign exchange reserve requirements. Yves Bennaim, founder of the Bitcoin Initiative, stated that although the initiative will become invalid, related discussions have made some progress.