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WSJ’s Nick Timiraos Says Fed’s Waller Delivered Hawkish Speech, Doesn’t Rule Out Future Rate Hikes
WSJ’s Nick Timiraos described Federal Reserve Governor Christopher Waller’s latest speech as hawkish after Waller backed removing the Fed’s “easing bias” language and said future rate hikes can no longer be ruled out if inflation fails to improve. Waller warned that prolonged energy-driven inflation could push up inflation expectations, though he said near-term hikes remain premature.

Trump Media Transfers 2,650 BTC in Second Major Move of 2026
According to Lookonchain, Trump Media & Technology Group (TMTG) transferred 2,650 BTC worth about $205 million to Crypto com, marking its second major Bitcoin move this year. TMTG originally accumulated 11,542 BTC at an average price of about $118,522 per BTC, and its remaining holdings are estimated at around 6,889 BTC, currently sitting on an unrealized loss of roughly $455 million.

WuBlockchain Weekly: SEC Allows Third-Party Tokenized Stocks on DeFi, Hong Kong's First Licensed Stablecoin Tested on Ethereum, Coinbase Uses AI to Streamline Compliance, Strategy Acquires 24,869 BTC. For the complete article and weekly curated reports, subscribe to our Substack:

1. SEC to Allow Third-Party Issuance of Tokenized Stocks for Trading on DeFi Platforms link
The U.S. Securities and Exchange Commission (SEC) may unveil an innovation exemption framework for tokenized stocks as early as this week, allowing the trading of stock tokens linked to public companies’ share prices. According to reports, the SEC favors permitting third parties to issue such tokens without the listed company’s authorization and trade them on DeFi platforms. However, platforms may be disqualified from listing these tokens if the tokens do not grant holders shareholder rights like voting or dividends.
2. White House Digital Asset Advisor: Official Announcement on Strategic Bitcoin Reserve Imminent link
Patrick Witt, Executive Director of the White House Digital Asset Advisory Council, stated that the United States is set to issue a formal announcement regarding its Strategic Bitcoin Reserve, noting that the government has achieved “breakthroughs” in legal basis, asset custody, and inter-agency reporting mechanisms. Former President Trump signed an executive order on March 6, 2025, establishing the Strategic Bitcoin Reserve and prohibiting the Treasury Department from selling the related BTC. The reserve is expected to hold approximately 328,372 BTC, accounting for roughly 1.6% of the global total supply, mainly sourced from assets recovered in the Silk Road and Bitfinex hack cases, as well as other criminal forfeitures.
3. Bank of England to Release Draft Systemic Stablecoin Rules Next Month link
Sarah Breeden, Deputy Governor for Financial Stability at the Bank of England, stated at City Week 2026 in London that the bank’s future strategy will focus on tokenization to modernize the UK financial sector. The retail payment system going forward should accommodate interchangeable forms of currency, including tokenized deposits, regulated stablecoins and potential retail CBDCs. The Bank of England plans to release a draft set of systematic stablecoin rules next month and finalize them by the end of this year. Temporary caps on total stablecoin issuance may be imposed to mitigate early-stage risks. Breeden added that the bank will support the responsible adoption of AI in areas such as agent payments and commercial applications. Sixteen companies are poised to join the Bank-FCA digital securities sandbox starting from late 2026, among which are Euroclear, HSBC and London Stock Exchange Group.
4. Hong Kong’s First Officially Approved Stablecoin Completes Ethereum Testnet Launch link
According to Hong Kong Economic Journal, Anchor Point Financial, which has obtained a stablecoin issuer license from the Hong Kong Monetary Authority (HKMA), announced that it has successfully completed a transfer test of the Hong Kong dollar stablecoin HKDAP (HKD At Par) on the Ethereum mainnet in collaboration with OSL Group (00863) and Leopard Trade, a licensed trading platform under Futu Holdings. The test covered the conversion of fiat Hong Kong dollar funds into reserve assets, with Standard Chartered Hong Kong providing infrastructure and institutional trust services to ensure full backing. All test tokens were fully redeemed upon completion. Officials revealed that HKDAP is scheduled to be officially issued in phases starting at the end of the second quarter of this year.
5. Stablecoin Supply Tops $300 Billion; USDT Grows While Overall Expansion Slows link
Over the past month, Tether’s USDT supply has increased by more than $5 billion, while the combined supply of USDC, USDe, and PYUSD has decreased by approximately $4.2 billion. The total stablecoin supply has seen a net growth of only about $900 million, representing a monthly increase of roughly 0.3%. Reports indicate that newly injected stablecoin capital is primarily flowing into USDT rather than driving overall market expansion. Meanwhile, Ethena’s USDe supply has dropped by 28% over the past month and nearly 34% year-to-date, mainly due to compressed perpetual contract funding rates that have reduced its yield attractiveness. Sky’s USDS and World Liberty Financial’s USD1 have absorbed some of the inflows. PYUSD’s supply has also declined by 13% over the past month.
6. Duan Yongping, Once Uninterested in Stablecoins, Builds 200,000-Share Position in Circle link
Renowned investor Duan Yongping disclosed for the first time a position in Circle Internet Group (CRCL) in his SEC 13F filing for Q1 2026. He holds 200,000 shares at an average cost of approximately $95.41, corresponding to a position value of about $19.08 million, which accounts for 0.095% of his roughly $20 billion portfolio, making it a small observational position. In July 2025, Duan Yongping stated on Xueqiu, “I don’t understand things without cash flow, and I have no interest in stablecoins.” Nine months later, he bought 200,000 shares of Circle, a leading compliant stablecoin issuer.
7. Brian Armstrong: Coinbase Restructures Compliance Workflows with AI, Shifts Staff to Higher-Level Decision-Making link
Brian Armstrong, co-founder and CEO of Coinbase, said the company is leveraging AI to update compliance procedures and has rebuilt nearly all relevant workflows. The time required to lift account restrictions has been cut by around 90%. Armstrong stated that AI now handles most repetitive tasks, while human staff verify all outcomes to safeguard security and refine models, freeing up more time for high-level decision-making.
8. Strategy Acquires 24,869 BTC for ~$2.01 Billion; Total Holdings Reach 843,738 BTC link
Strategy announced the purchase of 24,869 BTC for approximately 2.01 billion US dollars at an average price of around 80,985 US dollars. The company reported a BTC yield of 12.6% so far in 2026. As of May 17, 2026, Strategy holds a total of 843,738 BTC with an aggregate acquisition cost of roughly 63.87 billion US dollars and an average cost of about 75,700 US dollars.
Bitmine (BMNR) added 71,700 ETH over the past week, lifting its ETH holdings to 5.278 million coins, accounting for 4.37% of the total ETH supply and valued at about 11.56 billion US dollars at current prices. The firm’s combined holdings of crypto assets, cash and moonshot investments stand at 12.6 billion US dollars, including 685 million US dollars in cash and 83 million US dollars worth of Eightco (ORBS). Bitmine has staked 4.71 million ETH, with projected annual staking revenue hitting 289 million US dollars.
9. a16z Crypto: Wall Street Embraces Blockchain Not for Decentralization, But to Fix Multi-Party Collaboration Bottlenecks link
Guy, general partner at a16z Crypto, pointed out that despite the apparent high digitalization of the financial industry, it still operates on outdated architecture featuring fragmented systems and heavy reliance on manual reconciliation and paper-based processes. Wall Street and Washington have recently grown keen on adopting the term “digital assets”, which essentially signals a digital transformation similar to enterprises’ shift toward cloud services. The article stresses that major financial institutions embrace blockchain mainly to tackle practical bottlenecks in multi-party trust and collaboration, rather than pursuing crypto ideologies such as decentralization or financial sovereignty. This helps cut counterparty risks and guarantee fair sequencing and optimal execution.
10. Vitalik Releases Ethereum Short-Term Privacy Roadmap link
Vitalik Buterin stated that Ethereum is advancing native privacy capabilities through multiple short-term initiatives, including AA+FOCIL, Keyed nonces and access layer improvements. AA+FOCIL delivers stronger in-protocol inclusion guarantees for operations such as privacy protocol transactions, elevating them to first-class transactions. Keyed nonces offers enhanced protocol support for privacy solutions and may serve as an early trial of Ethereum’s new state expansion strategy. Access layer developments cover Kohaku and private reads.
Fundraising
Tether announced investment in cross-border financial platform LemFi link
YZi Labs revealed a $1 million seed round investment in AI Agent business layer protocol TermiX link
Zerohash seeks new financing at a valuation exceeding 1.5 billion US dollars, while Mastercard has withdrawn its investment plan link
Decentralized derivatives trading protocol Variational announced the completion of 50 million US dollars Series A financing link
Catena Labs, founded by Circle co-founder Sean Neville, secured 30 million US dollars Series A financing link
Eisen founded by former Coinbase employees raised 10 million US dollars link
AEON closed 8 million US dollars pre-seed financing led by YZi Labs link
YZi Labs led a 11 million US dollars seed round financing for AI education platform VideoTutor link
Stablecoin infrastructure firm Checker raised 8 million US dollars, with transaction volume exceeding 3 billion US dollars over the past year link
Crypto trading platform Ouinex completed 3.5 million US dollars financing, aiming to eliminate market maker advantages via decentralized order book link
Crypto wallet Sorted Wallet finished 4.4 million US dollars seed financing led by Tether and Gnosis link
IOTrader obtained 3.8 million US dollars strategic financing led by Animoca Brands and ViaBTC Capital link
Bitcoin hardware wallet maker Foundation secured 6.4 million US dollars financing led by Fulgur Ventures link
Crypto financial infrastructure provider Cycles completed 6.4 million US dollars seed financing link
Learn more, check out crypto-fundraising.info.
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ICE und OKX starten unbefristete Öl-Futures basierend auf Brent und WTI
Bloomberg berichtete, dass die Intercontinental Exchange (ICE), Eigentümerin der NYSE, mit der Krypto-Börse OKX zusammenarbeitet, um unbefristete Öl-Futures zu starten, die an Brent-Rohöl und WTI-Benchmarks gebunden sind. Die Verträge, die niemals ablaufen, werden über OKX in Jurisdiktionen angeboten, in denen die Plattform lizenziert ist, um unbefristete Futures-Produkte anzubieten.

Vorsitzender des U.S. House Oversight startet Untersuchung gegen Kalshi und Polymarket wegen Insiderhandel
Laut CNBC kündigte der Vorsitzende des House Oversight Committee, James Comer, Ermittlungen gegen die Prognoseplattformen Kalshi und Polymarket wegen möglichem Insiderhandel im Zusammenhang mit Wahlen und geopolitischen Ereignissen an. Comer forderte bis zum 5. Juni Informationen zur Identitätsverifizierung, geografischen Beschränkungen und zur Erkennung verdächtiger Trades und äußerte Bedenken, dass Regierungsinsider von nicht-öffentlichen Informationen durch Prognosemärkte profitieren könnten.

Pyth Netzwerk leidet unter Hermes- und Core-Feed-Ausfall
Das Pyth Netzwerk meldete einen Ausfall, der Pythnet/Hermes betrifft und die Kernpreisfeeds sowie die gesponserten Feeds über vier Stunden gestört hat. Das Team gab an, dass die Validierer einen Neustart koordinieren, nachdem die Ursache des Problems identifiziert wurde. Der Vorfall könnte DeFi-Protokolle beeinträchtigen, die auf Pyth Oracle-Daten für Handel, Kreditvergabe und Liquidationsoperationen angewiesen sind.

Die chinesische Regierung hat strenge Strafen gegen große US-Aktienhandelsplattformen verhängt, die innerhalb Chinas tätig sind, und alle illegalen Gewinne beschlagnahmt. Dies könnte zentralisierten Börsen (CEXs) und dem On-Chain-Handel mit US-Aktien zugutekommen.
Die chinesische Wertpapier- und Börsenaufsicht (CSRC) hat illegale grenzüberschreitende Aktivitäten von Tiger Brokers (NZ), Futu Securities (HK) und Longbridge Securities (HK) rigoros unterbunden. Den drei Plattformen wird unerlaubter Handel mit Wertpapieren, Marketing, der Verkauf öffentlicher Fonds und die Futures-Brokerage im chinesischen Festland vorgeworfen. Die CSRC und acht weitere Behörden haben einen gemeinsamen Plan ausgearbeitet, um ausländische Firmen zu verbieten, Kontoeröffnungen, Handels- und Geldtransferdienste anzubieten, mit einer zweijährigen Bereinigungsphase für bestehende illegale Geschäfte.

ZachXBT: Verdächtiger Angriff auf Polymarket, den größten Vorhersagemarkt der Welt.
Laut einem Hinweis aus der ZachXBT-Community wird der UMA CTF Adaptervertrag von Polymarket auf der Polygon-Chain verdächtigt, angegriffen worden zu sein. Der Vorfall hat zu Verlusten von über 520k $ geführt.
Die betroffenen Verträge sind 0x871D7c0f9E19001fC01E04e6cdFa7fA20f929082 und 0x91430CaD2d3975766499717fA0D66A78D814E5c5.
Die Adresse des Angreifers ist 0x8F98075db5d6C620e8D420A8c516E2F2059d9B91.

May 22 Options Data
21,000 BTC options expired, with a put-call ratio of 0.66, a maximum strike price of $78,500, and a notional value of $1.6 billion.
129,000 ETH options expired, with a put-call ratio of 0.92, a maximum strike price of $2,200, and a notional value of $280 million.

On May 21 (ET), spot Bitcoin ETFs recorded total net outflows of $101 million, marking five consecutive days of net outflows. Spot Ethereum ETFs saw total net outflows of $32.577 million, extending their net outflow streak to nine days. Spot SOL ETFs recorded total daily net inflows of $3.8569 million.

Laut ThePrint hat Indiens MeitY eine Sperranordnung gegen Polymarket erlassen und plant, Kalshi ab Freitag zu blockieren, um sein Verbot von Vorhersagemarkt-Plattformen, die in Indien noch tätig sind, durchzusetzen. Die Anordnungen werden voraussichtlich gemäß Abschnitt 69A des IT-Gesetzes erwartet, der ISPs dazu verpflichtet, den Zugriff zu blockieren, während nicht konforme Vermittler bis zu sieben Jahre Gefängnis und Strafen drohen könnten. Das indische Online-Gesetz, das am 1. Mai in Kraft tritt, verbietet Online-Spiele um echtes Geld, damit verbundene Werbung und finanzielle Transaktionen.

Wang Chun, Mitgründer von F2Pool, einem der größten Bitcoin-Mining-Pools, und Kommandant von Fram2, wird an Bord der ersten menschlichen interplanetaren Raumfahrtmission von Starship nach Mars fliegen. Die zweijährige Mission wird über das Erde-Mond-System hinaus erkunden, bevor sie an Mars vorbeifliegt und zur Erde zurückkehrt. Vor der interplanetaren Mission wird Wang zusammen mit Dennis Tito und Akiko Tito an der ersten geplanten kommerziellen menschlichen Raumfahrt mit Starship um den Mond teilnehmen, einem einwöchigen Umrundungsflug, der geplant ist, um innerhalb von 200 km von der Mondoberfläche zu fliegen, um die Systeme von Starship für Tiefraum- und Langzeitmissionen zu verbessern.

Highlight Clip
CZ: Asian Countries Will Likely Build Bitcoin Reserves Under the Radar (ARCHIVE FOOTAGE)
Binance founder CZ stated that cultural mindsets will likely lead Asian countries to build their Bitcoin reserves quietly. He dismissed the misconception that crypto disrupts traditional finance, noting instead that banks will become obsolete if they ignore this new technology.
He also pointed out that crypto is far more transparent and easier to trace than traditional finance, with a much lower rate of illicit transactions.

Die Glassnode-Forschung zeigt, dass 6,04 Millionen BTC im Wert von etwa 469 Milliarden Dollar öffentliche Schlüssel on-chain exponiert haben, was 30,2% des ausgegebenen Angebots entspricht und theoretisch zukünftigen Risiken durch Quantencomputerangriffe ausgesetzt ist. Das exponierte Angebot umfasst 1,92 Millionen BTC mit struktureller Exposition und 4,12 Millionen BTC mit operationeller Exposition, wobei letztere hauptsächlich auf die Wiederverwendung von Adressen zurückzuführen ist. Börsen machen 1,66 Millionen BTC aus, oder 8,3% des Gesamtangebots und etwa 40% aller operationell unsicheren BTC.

Highlight Clip
Arthur Hayes: AI Will Trigger the New Subprime Crisis
On April 28, 2026, Arthur Hayes stated at the Bitcoin 2026 conference that AI is triggering a deflationary crisis. He believes the replacement of high-earning knowledge workers by AI will devastate traditional SaaS companies and severely impact lending institutions.
This potential multi-hundred-billion-dollar banking failure, termed the "new subprime crisis," is the key macroeconomic factor previously driving Bitcoin prices lower.

Mark Cuban Says He Sold Most of His Bitcoin After It Failed to Act as a Hedge
Billionaire investor Mark Cuban said he has sold most of his Bitcoin holdings after concluding the cryptocurrency failed to serve as the hedge he expected during recent geopolitical tensions involving Iran and a weakening U.S. dollar.
Cuban said he remains more positive on Ethereum, while describing most other cryptocurrencies as “garbage.” He had previously said his crypto portfolio was primarily composed of Bitcoin and Ethereum.

Bankless Co-Founder David Hoffman Says He Sold the Last of His ETH as Ryan Sean Adams Declares End of Bankless “First Era”
David Hoffman said on X that “CT” sentiment has shifted significantly over the past two weeks and that he has sold the last of his ETH.
Ryan Sean Adams later said the “first era” of Bankless has concluded, marking the end of their six-year collaboration around crypto, DeFi and Ethereum. He added that Bankless has entered its “second era,” in which he plans to take a more behind-the-scenes role while remaining bullish on ETH and Bankless.

Hongkongs erste offiziell genehmigte Stablecoin hat Tests auf Ethereum abgeschlossen
Laut HKET hat Anchorpoint Financial, das eine Stablecoin-Emittentenlizenz von der Hongkonger Währungsbehörde erhalten hat, zusammen mit der lizenzierten Handelsplattform „PantherTrade“, unterstützt von OSL Group und Futu Holdings, erfolgreich einen Übertragungstest der Hongkong-Dollar-Stablecoin HKDAP („HKD At Par“) im Ethereum-Hauptnetz abgeschlossen. Das Team gab an, dass die HKDAP voraussichtlich bis Ende des zweiten Quartals dieses Jahres schrittweise offiziell ausgegeben wird.

Only Around 10% of RWA Liquidity Is Active in DeFi Protocols
According to research by Tanaka, the RWA sector is growing at a remarkable pace, but DeFi has captured almost none of the upside, with only around 10% of RWA liquidity currently active in DeFi protocols. For example, tokenized gold and commodities are worth approximately $7 billion on-chain, yet only $184 million is active within DeFi.
Most tokenized Treasury products are essentially on-chain PDF files wrapped with KYC requirements. Products such as BUIDL, FOBXX, USTB, and OUSG manage significant assets, but transfers remain restricted by whitelists, transfer agents, qualified purchaser checks, redemption windows, and other compliance mechanisms.