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BTC $73,615.08 -1.89%
ETH $2,018.06 -1.83%
BNB $641.05 -1.75%
XRP $1.32 -0.74%
SOL $82.48 -1.22%
TRX $0.3528 -4.51%
DOGE $0.1000 -1.79%
ADA $0.2354 -1.95%
BCH $302.61 -11.79%
LINK $9.02 -2.84%
HYPE $61.18 +1.95%
AAVE $81.44 -4.16%
SUI $0.9304 -5.29%
XLM $0.2069 +22.48%
ZEC $558.86 +1.35%

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Multiple CFTC officials who questioned the regulation of the prediction market have been suspended and forced to resign

According to Cointelegraph, an investigative report released by The New York Times on Sunday revealed that several senior officials from the CFTC, who had raised regulatory concerns about Polymarket, Crypto.com, and Gemini affiliates, were subsequently suspended, subjected to internal investigations, and forced to resign. The three companies mentioned have been accused of having business ties to the Trump family.The report stated that then-CFTC acting chair Caroline Pham and her senior advisors intervened to assist the aforementioned companies in obtaining the necessary approvals. By the end of 2025, five officials who questioned or enforced cryptocurrency regulatory laws were placed on administrative leave and internal investigation, without being informed of the specific reasons. After leaving, Pham joined the cryptocurrency company MoonPay, which has a partnership with Polymarket, while her senior advisor Brigitte Weyls became the legal counsel for Gemini Titan—whose application was approved with her involvement.On the enforcement front, the CFTC has withdrawn at least five cryptocurrency investigations, with the number of enforcement actions plummeting from over 80 during the Biden administration to just two during Trump's term. In response, a White House spokesperson denied any conflict of interest, stating that "President Trump only acts in the best interest of the American public."

After the attack on KelpDAO, multiple protocols have abandoned LayerZero, with $4 billion in assets migrated to Chainlink CCIP

According to CoinDesk, after KelpDAO was attacked resulting in a loss of $292 million, the industry's scrutiny of the security of cross-chain infrastructure continues to heat up, with approximately $4 billion in assets having completed or currently migrating from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP).The DeFi protocol Lombard is the latest project to join this migration trend. The protocol announced it would abandon LayerZero and migrate over $1 billion in Bitcoin-backed assets to Chainlink CCIP, stating that this decision stemmed from a comprehensive internal security review following the April attack incident.Lombard issues two types of Bitcoin-backed tokens—LBTC and BTC.b—and will prioritize the migration of assets on chains such as Solana, Etherlink, Berachain, Corn, and TAC, while terminating the use of LayerZero on Morph and Swell. Lombard stated that the reason for choosing CCIP is its independent node operators, built-in rate limiting mechanisms, and audited infrastructure. Additionally, the protocol will adopt Chainlink's cross-chain token standard to achieve asset cross-chain circulation through a burn-and-mint model.Previously, Kelp DAO, Solv Protocol, Re, and the cryptocurrency exchange Kraken have all completed similar migrations, with these projects collectively transferring approximately $4 billion in assets. Chainlink Labs Chief Business Officer Johann Eid stated, "We are witnessing a continued wave of risk-averse migration within the industry."

Huobi HTX launches Pizza Festival with multiple celebrations: participate to share a prize pool of over $200,000 + physical gifts

According to the official announcement from Huobi HTX, the platform has officially launched the "Crypto Pizza Festival" series of activities, covering multiple gameplay options such as task challenges, holiday red envelopes, and lucky draws, with a total prize pool exceeding 200,000 USDT, including physical grand prizes like the iPhone 17 Pro Max, 10 grams of gold, and pizza vouchers.The task challenge competition runs from May 14 to May 25. After signing up, users can complete any one of the five tasks: earning coins, spot trading, contract trading, learning to earn coins, or holding $HTX to light up "Fire Treasures" and receive tiered rewards such as USDT earning interest vouchers, contract experience gold, and spot trading fee cashback vouchers. Collecting all Fire Treasures allows participation in a lucky draw to share a prize pool of 100,000 USDT, thousands of pizza vouchers, and USDT 10% earning interest vouchers.From May 18 to June 19, the pizza carnival red envelope activity will also be launched, with a total prize pool of 100,000 USDT. On the birthday of Fire Treasures (May 18) and Bitcoin Pizza Day (May 22), users can visit the event post to receive no-threshold red envelopes. Completing daily interactions or referral tasks can unlock subsequent red envelope qualifications, and checking in for 7 consecutive days can unlock large red envelopes.The lucky draw activity will start on May 18. During the event, accumulating a spot trading volume of ≥100 USDT or a single contract trading volume of ≥2,000 USDT will grant a chance to enter the draw. The prize pool includes an iPhone 17 Pro Max in Starry Orange (1TB), Keron 4 GT, 10 grams of gold, BTT/NFT/WIN/SUN tokens, and contract experience gold, among others.
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