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Malaysian Police Slow Progress on Case of Chinese National Robbed of 50,000 USDT, Lawyer Furious ...BlockBeats News, May 10th. In February this year, several Chinese citizens were raided by the police in a rented villa in Country Heights, Kajang, Malaysia. The police suspected the Chinese citizens of being involved in fraud and subsequently forced them to transfer around $50,000 (approximately 200,000 Malaysian Ringgit) worth of USDT. The police later arrested 12 implicated officers, relieved them of their frontline duties, but the investigation is still pending the technical report and digital evidence, with no breakthrough yet.Charles, the lawyer representing the 8 Chinese victims, stated that the progress of the investigation in this case has been excessively slow. Since the arrest of the 12 implicated police officers, there have been no further updates, raising suspicions of internal interference attempting to suppress the case. He warned that if there is internal connivance, they will lodge a complaint with the Malaysian Anti-Corruption Commission.The Inspector-General of Police has responded by confirming that the implicated officers have all been suspended. Currently, they are awaiting crypto evidence and a technical report, and the case is being continuously investigated as a crime of gang robbery.
Malaysian Police Slow Progress on Case of Chinese National Robbed of 50,000 USDT, Lawyer Furious ...
BlockBeats News, May 10th. In February this year, several Chinese citizens were raided by the police in a rented villa in Country Heights, Kajang, Malaysia. The police suspected the Chinese citizens of being involved in fraud and subsequently forced them to transfer around $50,000 (approximately 200,000 Malaysian Ringgit) worth of USDT. The police later arrested 12 implicated officers, relieved them of their frontline duties, but the investigation is still pending the technical report and digital evidence, with no breakthrough yet.Charles, the lawyer representing the 8 Chinese victims, stated that the progress of the investigation in this case has been excessively slow. Since the arrest of the 12 implicated police officers, there have been no further updates, raising suspicions of internal interference attempting to suppress the case. He warned that if there is internal connivance, they will lodge a complaint with the Malaysian Anti-Corruption Commission.The Inspector-General of Police has responded by confirming that the implicated officers have all been suspended. Currently, they are awaiting crypto evidence and a technical report, and the case is being continuously investigated as a crime of gang robbery.
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More than half of U.S. voters disapprove of Trump's economic policiesBlockBeats News, May 10th, a new poll by the Financial Times shows that over half of American voters disapprove of Trump's handling of the economy, citing concerns over inflation, rising cost of living, and the impact of a war with Iran on energy prices.Despite reports of job growth and a resurgence in manufacturing, as well as a rising stock market, public sentiment regarding the actual cost of living has caused Trump's economic approval rating to drop to around 37%, with disapproval reaching over 55%.The poll results highlight a disconnect between Wall Street and the general public in terms of economic perception, which could impact the Republican Party's performance in the 2026 midterm elections.
More than half of U.S. voters disapprove of Trump's economic policies
BlockBeats News, May 10th, a new poll by the Financial Times shows that over half of American voters disapprove of Trump's handling of the economy, citing concerns over inflation, rising cost of living, and the impact of a war with Iran on energy prices.Despite reports of job growth and a resurgence in manufacturing, as well as a rising stock market, public sentiment regarding the actual cost of living has caused Trump's economic approval rating to drop to around 37%, with disapproval reaching over 55%.The poll results highlight a disconnect between Wall Street and the general public in terms of economic perception, which could impact the Republican Party's performance in the 2026 midterm elections.
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BlockBeats News, May 10th, according to Iran's Tasnim News Agency, an Iranian military spokesperson stated that if the enemy attacks Iran again, they will be "surprised" by new weapons, a new style of warfare, and a new battlefield.
BlockBeats News, May 10th, according to Iran's Tasnim News Agency, an Iranian military spokesperson stated that if the enemy attacks Iran again, they will be "surprised" by new weapons, a new style of warfare, and a new battlefield.
South Korea Sees Crypto Investors Selling Coins to Buy Real Estate, With Highest Proportion in th...BlockBeats News, May 10th. According to the data from the South Korean Ministry of Land, Infrastructure and Transport, from February 10th to March 31st, a total of 324 homebuyers declared using proceeds from cryptocurrency sales in their housing purchase fund procurement plans. Among them, 229 homebuyers were aged between 30 and 39, accounting for approximately 70.7%. In terms of amount, the proceeds from cryptocurrency sales declared for home purchases in this age group were about 10.31 billion South Korean Won (approximately $7.4 million), the highest among all age groups.This data indicates that this year, South Korea has begun to separately list income from virtual asset sales in housing finance plans, reflecting the inflow of cryptocurrency gains into the real estate market. However, such funds currently only account for about 0.1% of the overall housing purchase funds, indicating that the overall impact is still relatively limited.
South Korea Sees Crypto Investors Selling Coins to Buy Real Estate, With Highest Proportion in th...
BlockBeats News, May 10th. According to the data from the South Korean Ministry of Land, Infrastructure and Transport, from February 10th to March 31st, a total of 324 homebuyers declared using proceeds from cryptocurrency sales in their housing purchase fund procurement plans. Among them, 229 homebuyers were aged between 30 and 39, accounting for approximately 70.7%. In terms of amount, the proceeds from cryptocurrency sales declared for home purchases in this age group were about 10.31 billion South Korean Won (approximately $7.4 million), the highest among all age groups.This data indicates that this year, South Korea has begun to separately list income from virtual asset sales in housing finance plans, reflecting the inflow of cryptocurrency gains into the real estate market. However, such funds currently only account for about 0.1% of the overall housing purchase funds, indicating that the overall impact is still relatively limited.
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BlockBeats News, May 10th, according to Iran's Tasnim News Agency: An Iranian military spokesperson stated that countries affected by the US sanctions on Iran will face "difficulties passing through the Strait of Hormuz."
BlockBeats News, May 10th, according to Iran's Tasnim News Agency: An Iranian military spokesperson stated that countries affected by the US sanctions on Iran will face "difficulties passing through the Strait of Hormuz."
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The frenzy of on-chain speculation continues to heat up, with old meme coins and new algorithmic ...BlockBeats News, May 10th. With the market rebounding, on-chain activity continues to heat up. In the Solana ecosystem, the OG meme coins TROLL and GIGA saw significant surges, while Ethereum's focus remained on coins utilizing the Hook mechanism.According to GMGN data, TROLL surged by 81.2% in the past 24 hours, with a market cap of $83.9 million;GIGA recorded a 24-hour surge of 49.8%, with a market cap of $37.13 million;On the other hand, Ethereum's mainnet saw continued hype around coins utilizing the Hook mechanism.Among them, LOOP was launched and saw a rapid market cap increase to $3 million before dropping back to $2.55 million. It is noted that the innovation of this coin lies in its ability to lend out idle ETH from Uniswap V4 liquidity pools (originally used only as capital to support trading).The leading coin SATO approached its historical high this morning, currently sitting at $28.59 million, with a 24-hour increase of 21.14%.
The frenzy of on-chain speculation continues to heat up, with old meme coins and new algorithmic ...
BlockBeats News, May 10th. With the market rebounding, on-chain activity continues to heat up. In the Solana ecosystem, the OG meme coins TROLL and GIGA saw significant surges, while Ethereum's focus remained on coins utilizing the Hook mechanism.According to GMGN data, TROLL surged by 81.2% in the past 24 hours, with a market cap of $83.9 million;GIGA recorded a 24-hour surge of 49.8%, with a market cap of $37.13 million;On the other hand, Ethereum's mainnet saw continued hype around coins utilizing the Hook mechanism.Among them, LOOP was launched and saw a rapid market cap increase to $3 million before dropping back to $2.55 million. It is noted that the innovation of this coin lies in its ability to lend out idle ETH from Uniswap V4 liquidity pools (originally used only as capital to support trading).The leading coin SATO approached its historical high this morning, currently sitting at $28.59 million, with a 24-hour increase of 21.14%.
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Next Week Outlook: Key Diplomatic Talks on US-Iran, Russia-Ukraine Dynamics, and Jerome Powell Of...BlockBeats News, May 10th. This week, significant peace prospects have emerged in the US-Iran conflict and the Russia-Ukraine conflict, greatly reducing geopolitical risks. Next week, it is worth paying close attention to whether the two geopolitical conflicts can further de-escalate. In addition, key macro events for next week focus on the US April CPI data as follows:Tuesday 15:15, FOMC permanent voter and New York Fed President Williams will participate in a panel discussion on monetary policy;Tuesday 20:15, US ADP Employment Change for the week ending April 25th;Tuesday 20:30, US April CPI data;Wednesday 04:30, US API Crude Oil Stock Change for the week ending May 8th;Wednesday 20:30, US April PPI YoY, MoM;Friday 05:30, Fed Governor Bostic will deliver a speech;Friday 21:15, US April Industrial Production MoM.Finally, the Fed will undergo major personnel changes next week. Chair-designate Kevin Wash is expected to receive Senate confirmation on Monday and formally take over the reins from Powell on May 15th.On the US stock market front, as of this Friday, a new round of surges has propelled the S&P 500 to an 8% cumulative gain since 2026, building on consecutive double-digit returns over the past three years. The tech-heavy Nasdaq Composite Index has risen nearly 13% year-to-date, with both indices hitting all-time highs. While the first-quarter earnings season is nearing its end, corporate reports will remain a key driver of stock prices in the days ahead.
Next Week Outlook: Key Diplomatic Talks on US-Iran, Russia-Ukraine Dynamics, and Jerome Powell Of...
BlockBeats News, May 10th. This week, significant peace prospects have emerged in the US-Iran conflict and the Russia-Ukraine conflict, greatly reducing geopolitical risks. Next week, it is worth paying close attention to whether the two geopolitical conflicts can further de-escalate. In addition, key macro events for next week focus on the US April CPI data as follows:Tuesday 15:15, FOMC permanent voter and New York Fed President Williams will participate in a panel discussion on monetary policy;Tuesday 20:15, US ADP Employment Change for the week ending April 25th;Tuesday 20:30, US April CPI data;Wednesday 04:30, US API Crude Oil Stock Change for the week ending May 8th;Wednesday 20:30, US April PPI YoY, MoM;Friday 05:30, Fed Governor Bostic will deliver a speech;Friday 21:15, US April Industrial Production MoM.Finally, the Fed will undergo major personnel changes next week. Chair-designate Kevin Wash is expected to receive Senate confirmation on Monday and formally take over the reins from Powell on May 15th.On the US stock market front, as of this Friday, a new round of surges has propelled the S&P 500 to an 8% cumulative gain since 2026, building on consecutive double-digit returns over the past three years. The tech-heavy Nasdaq Composite Index has risen nearly 13% year-to-date, with both indices hitting all-time highs. While the first-quarter earnings season is nearing its end, corporate reports will remain a key driver of stock prices in the days ahead.
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Iranian Envoy: Agreement Possible If U.S. Acts RationallyBlockBeats News, May 10th – According to the Islamic Republic News Agency (IRNA), Iranian Ambassador to Armenia, Khalil Shirgholami, emphasized that if countries illegally aggressing against Iran return to a rational and logical approach in their policies and actions, it may be possible to reach an agreement. Shirgholami, in an interview with an Armenian television station on Saturday, highlighted that the aggressive actions of the U.S. and Israeli regimes against Iran clearly demonstrate that Iran cannot be coerced into surrendering or accepting any party's extreme demands through military means, pressure, or threats.He stated that Iran is willing to reach an agreement through negotiations, but this requires clear assurances that the U.S. will act rationally and logically, ensuring no further military aggression against Iran. He also emphasized that Iran opposes the selective interpretation of international law and will never allow the Iranian nation to be deprived of its right to peaceful nuclear energy.
Iranian Envoy: Agreement Possible If U.S. Acts Rationally
BlockBeats News, May 10th – According to the Islamic Republic News Agency (IRNA), Iranian Ambassador to Armenia, Khalil Shirgholami, emphasized that if countries illegally aggressing against Iran return to a rational and logical approach in their policies and actions, it may be possible to reach an agreement. Shirgholami, in an interview with an Armenian television station on Saturday, highlighted that the aggressive actions of the U.S. and Israeli regimes against Iran clearly demonstrate that Iran cannot be coerced into surrendering or accepting any party's extreme demands through military means, pressure, or threats.He stated that Iran is willing to reach an agreement through negotiations, but this requires clear assurances that the U.S. will act rationally and logically, ensuring no further military aggression against Iran. He also emphasized that Iran opposes the selective interpretation of international law and will never allow the Iranian nation to be deprived of its right to peaceful nuclear energy.
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Wasabi Protocol Update on Security Incident Handling: Final User Compensation Resolution Not Yet ...BlockBeats News, May 10th, Wasabi Protocol released a security incident update, pointing out that attackers exploited a Spring Boot Actuator configuration vulnerability in its AWS infrastructure to steal the private key controlling an EVM smart contract, and made off with approximately $4.8 million in user funds and $900,000 in protocol treasury funds from the relevant contract.The attack chain started with a public-facing server used for analytics, whose Actuator heap dump was not protected by a secure password, allowing the attacker to obtain credentials for another server and ultimately take control of the smart contract's private key. This incident only affects EVM deployments, including parts of the treasury on Ethereum, Base, Blast, and Berachain, while Solana deployments and Prop AMM remain unaffected.Wasabi Protocol stated that they have not yet provided a final solution for user compensation, but ensuring that "all affected users are made whole" remains a top priority for the team. Future updates on the reimbursement progress will be posted in the Discord community.
Wasabi Protocol Update on Security Incident Handling: Final User Compensation Resolution Not Yet ...
BlockBeats News, May 10th, Wasabi Protocol released a security incident update, pointing out that attackers exploited a Spring Boot Actuator configuration vulnerability in its AWS infrastructure to steal the private key controlling an EVM smart contract, and made off with approximately $4.8 million in user funds and $900,000 in protocol treasury funds from the relevant contract.The attack chain started with a public-facing server used for analytics, whose Actuator heap dump was not protected by a secure password, allowing the attacker to obtain credentials for another server and ultimately take control of the smart contract's private key. This incident only affects EVM deployments, including parts of the treasury on Ethereum, Base, Blast, and Berachain, while Solana deployments and Prop AMM remain unaffected.Wasabi Protocol stated that they have not yet provided a final solution for user compensation, but ensuring that "all affected users are made whole" remains a top priority for the team. Future updates on the reimbursement progress will be posted in the Discord community.
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Polymarket: Multiple "Wash Trading" Account Clusters Identified and Banned, Enhanced Ban Mechanis...BlockBeats News, May 10th, Polymarket announced the latest progress on its feature updates, including the launch of a latency spam mitigation measure to ensure order placement and cancellation operations, fixing the "Insufficient Balance/Allowance" error, and another core issue affecting limit order placement is expected to be fixed in the next few days.Additionally, Polymarket has stated that it has identified and banned multiple clusters of "ghost-fill" accounts, with these accounts being created before the launch of the deposit wallet system. Any accounts exhibiting "ghost-fill" behavior will be identified and banned, and the deposit wallet system will also prevent abusive accounts from continuing to create new accounts in bulk. Further updates will be released over the next week to address lingering issues.
Polymarket: Multiple "Wash Trading" Account Clusters Identified and Banned, Enhanced Ban Mechanis...
BlockBeats News, May 10th, Polymarket announced the latest progress on its feature updates, including the launch of a latency spam mitigation measure to ensure order placement and cancellation operations, fixing the "Insufficient Balance/Allowance" error, and another core issue affecting limit order placement is expected to be fixed in the next few days.Additionally, Polymarket has stated that it has identified and banned multiple clusters of "ghost-fill" accounts, with these accounts being created before the launch of the deposit wallet system. Any accounts exhibiting "ghost-fill" behavior will be identified and banned, and the deposit wallet system will also prevent abusive accounts from continuing to create new accounts in bulk. Further updates will be released over the next week to address lingering issues.
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S&P 500 Weekly Gains for Sixth Straight Week, Semiconductor Stocks Overbought Index Reaches Dot-C...BlockBeats News, May 10th, according to Barchart data, the S&P 500 Index has now risen for 6 consecutive weeks, marking its longest winning streak since 2024.On the other hand, the SOX Semiconductor Index's weekly chart shows that the overbought RSI(14) has reached 85.54, the highest level since the peak of the 2000 Internet bubble, raising concerns in the market about the overbought condition of the semiconductor sector.However, some analysts pointed out that the current strong rise in semiconductor stocks is different from the Internet bubble era, as this upward trend is supported by real demand in AI, data centers, and corporate cash flow, rather than pure speculation.
S&P 500 Weekly Gains for Sixth Straight Week, Semiconductor Stocks Overbought Index Reaches Dot-C...
BlockBeats News, May 10th, according to Barchart data, the S&P 500 Index has now risen for 6 consecutive weeks, marking its longest winning streak since 2024.On the other hand, the SOX Semiconductor Index's weekly chart shows that the overbought RSI(14) has reached 85.54, the highest level since the peak of the 2000 Internet bubble, raising concerns in the market about the overbought condition of the semiconductor sector.However, some analysts pointed out that the current strong rise in semiconductor stocks is different from the Internet bubble era, as this upward trend is supported by real demand in AI, data centers, and corporate cash flow, rather than pure speculation.
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Source: Insider
According to sources, Alibaba will integrate its AI technology, ET Brain, with T...BlockBeats News, May 10th, according to sources, Alibaba is preparing to announce its artificial intelligence platform Qwen's integration plan with the e-commerce platform Taobao. This move aims to drive shopping through conversation rather than keyword search.It is reported that the integration will allow consumers to browse, compare, and purchase products through dialogue with the Qwen app's AI assistant, without the need to manually browse through product listings. The Qwen app is expected to access the full catalog of over 4 billion items on Taobao and Tmall, leveraging a "skill library" that can manage logistics and after-sales services. It will also provide shopping recommendations based on users' order history and shopping preferences.Additionally, within the Taobao platform, Alibaba will launch an AI shopping assistant powered by Qwen, featuring tools such as virtual try-on and 30-day price tracking. (BlockBeats)
Source: Insider According to sources, Alibaba will integrate its AI technology, ET Brain, with T...
BlockBeats News, May 10th, according to sources, Alibaba is preparing to announce its artificial intelligence platform Qwen's integration plan with the e-commerce platform Taobao. This move aims to drive shopping through conversation rather than keyword search.It is reported that the integration will allow consumers to browse, compare, and purchase products through dialogue with the Qwen app's AI assistant, without the need to manually browse through product listings. The Qwen app is expected to access the full catalog of over 4 billion items on Taobao and Tmall, leveraging a "skill library" that can manage logistics and after-sales services. It will also provide shopping recommendations based on users' order history and shopping preferences.Additionally, within the Taobao platform, Alibaba will launch an AI shopping assistant powered by Qwen, featuring tools such as virtual try-on and 30-day price tracking. (BlockBeats)
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UFO Disclosure Has Exceeded 36 Hours, Musk Maintains 'Complete Silence'BlockBeats News, May 10th - After the US Pentagon's major decryption of 160+ UFO/UAP files, photos, and videos on May 8th, the world is abuzz with discussions of extraterrestrial evidence. However, with the event unfolding for over 36 hours, space exploration advocate Musk has remained absolutely silent on the matter on the X platform.Musk has previously stated publicly multiple times that he "has never seen any evidence of aliens or alien technology. Most unidentified phenomena are likely from classified human weapons projects or satellites, rather than alien visitors."This cool response to the UFO file decryption once again strengthens Musk's rational skepticism of extraterrestrial technology.
UFO Disclosure Has Exceeded 36 Hours, Musk Maintains 'Complete Silence'
BlockBeats News, May 10th - After the US Pentagon's major decryption of 160+ UFO/UAP files, photos, and videos on May 8th, the world is abuzz with discussions of extraterrestrial evidence. However, with the event unfolding for over 36 hours, space exploration advocate Musk has remained absolutely silent on the matter on the X platform.Musk has previously stated publicly multiple times that he "has never seen any evidence of aliens or alien technology. Most unidentified phenomena are likely from classified human weapons projects or satellites, rather than alien visitors."This cool response to the UFO file decryption once again strengthens Musk's rational skepticism of extraterrestrial technology.
13
"The Big Short" Michael Burry Increases Short Positions on AI Stocks such as NVIDIA, PalantirBlockBeats News, May 10th, "The Big Short" Michael Burry stated in his recent blog post that he has increased his short position in AI-related stocks such as Nvidia and Palantir. Regarding Palantir, he believes the company is worth at most $46-50 per share and he has raised concerns about its business model.Michael Burry also holds a significant amount of put options against NVDA, SOXX, QQQ, and ORCL expiring in 2027, totaling approximately 9.5% of his investment portfolio in short positions.It is worth noting that Michael Burry has been holding a large number of AI short positions since Q3 of last year. He has a history of incurring losses due to acting prematurely (such as being squeezed before the 2008 crisis).
"The Big Short" Michael Burry Increases Short Positions on AI Stocks such as NVIDIA, Palantir
BlockBeats News, May 10th, "The Big Short" Michael Burry stated in his recent blog post that he has increased his short position in AI-related stocks such as Nvidia and Palantir. Regarding Palantir, he believes the company is worth at most $46-50 per share and he has raised concerns about its business model.Michael Burry also holds a significant amount of put options against NVDA, SOXX, QQQ, and ORCL expiring in 2027, totaling approximately 9.5% of his investment portfolio in short positions.It is worth noting that Michael Burry has been holding a large number of AI short positions since Q3 of last year. He has a history of incurring losses due to acting prematurely (such as being squeezed before the 2008 crisis).
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A whale FOMO bought $477,000 worth of SATO 3 days ago, currently sitting on a $130,000 unrealized...BlockBeats News, May 10th, according to LookIntoChain monitoring, SATO hit a new all-time high again. Whale 0xe5f6 bought 335,899 SATO at a price of $1.42 per coin in FOMO three days ago (worth approximately $477,000). Currently, its holdings have shifted from a 60% unrealized loss to a profit, with the current unrealized gain at around $130,000.
A whale FOMO bought $477,000 worth of SATO 3 days ago, currently sitting on a $130,000 unrealized...
BlockBeats News, May 10th, according to LookIntoChain monitoring, SATO hit a new all-time high again. Whale 0xe5f6 bought 335,899 SATO at a price of $1.42 per coin in FOMO three days ago (worth approximately $477,000). Currently, its holdings have shifted from a 60% unrealized loss to a profit, with the current unrealized gain at around $130,000.
14
「BTC OG Insider Whale」 has deposited $754 million worth of ETH to CEX in the past three days, cur...BlockBeats News, May 10th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the "BTC OG Insider Whale" recharged 78,168.5 ETH to Binance again 11 hours ago, worth $180 million, purpose unknown.Since May 6th, a total of 322,268.33 ETH has been transferred to CEX. Currently, there are still 225,449.31 ETH and 19,003.39 BTC on-chain, worth approximately $2.05 billion.
「BTC OG Insider Whale」 has deposited $754 million worth of ETH to CEX in the past three days, cur...
BlockBeats News, May 10th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the "BTC OG Insider Whale" recharged 78,168.5 ETH to Binance again 11 hours ago, worth $180 million, purpose unknown.Since May 6th, a total of 322,268.33 ETH has been transferred to CEX. Currently, there are still 225,449.31 ETH and 19,003.39 BTC on-chain, worth approximately $2.05 billion.
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Multiple Protocols Migrate from LayerZero to Chainlink CCIP, Total TVL Surpasses $2 BillionBlockBeats News, May 10th, according to analyst Tom Wan, despite LayerZero issuing an apology statement, multiple protocols with a total TVL of approximately $20 billion have announced migration to the Chainlink CCIP. These include KelpDAO ($15 billion), SolvProtocol ($6 billion), and re ($2 billion). Meanwhile, the top assets still using the LayerZero OFT standard include: USDe/sUSDe (Ethena), weETH (Etherfi), USDT0 (Tether), thBILL (Theo), and WBTC (Bitgo). The specific migration schedule is subject to further announcement by the projects.Previously, LayerZero formally apologized for its poor communication in handling the security incident over the past three weeks. The official acknowledgment stated that its internal RPC was compromised by the Lazarus Group and admitted that they had mistakenly allowed LayerZero Labs DVN to act as a 1/1 validation node for high-value transactions, leading to a single point of failure.
Multiple Protocols Migrate from LayerZero to Chainlink CCIP, Total TVL Surpasses $2 Billion
BlockBeats News, May 10th, according to analyst Tom Wan, despite LayerZero issuing an apology statement, multiple protocols with a total TVL of approximately $20 billion have announced migration to the Chainlink CCIP. These include KelpDAO ($15 billion), SolvProtocol ($6 billion), and re ($2 billion). Meanwhile, the top assets still using the LayerZero OFT standard include: USDe/sUSDe (Ethena), weETH (Etherfi), USDT0 (Tether), thBILL (Theo), and WBTC (Bitgo). The specific migration schedule is subject to further announcement by the projects.Previously, LayerZero formally apologized for its poor communication in handling the security incident over the past three weeks. The official acknowledgment stated that its internal RPC was compromised by the Lazarus Group and admitted that they had mistakenly allowed LayerZero Labs DVN to act as a 1/1 validation node for high-value transactions, leading to a single point of failure.
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Strategy CEO: Will Only Sell Bitcoin in Specific Cases Such as Dividend Payments or Tax OptimizationBlockBeats News, May 10th - Strategy CEO Phong Le stated that the company will only sell Bitcoin in specific circumstances, including paying a 11.5% dividend to preferred STRC shareholders and engaging in tax deferral or tax optimization arrangements. The company will assess whether selling Bitcoin or issuing stock would be more beneficial in improving the "earnings per Bitcoin" metric, and emphasized that BTC will only be sold if the transaction adds value to common shareholders. Previously, Michael Saylor mentioned that the company may "sell some Bitcoin in the future to pay dividends," attracting market attention.As of now, Strategy holds 818,334 BTC, worth over $66 billion. Phong Le believes that based on Bitcoin's daily trading volume of around $600 billion, the company's annual dividend payout of approximately $1 billion will not have a significant impact on the market price.
Strategy CEO: Will Only Sell Bitcoin in Specific Cases Such as Dividend Payments or Tax Optimization
BlockBeats News, May 10th - Strategy CEO Phong Le stated that the company will only sell Bitcoin in specific circumstances, including paying a 11.5% dividend to preferred STRC shareholders and engaging in tax deferral or tax optimization arrangements. The company will assess whether selling Bitcoin or issuing stock would be more beneficial in improving the "earnings per Bitcoin" metric, and emphasized that BTC will only be sold if the transaction adds value to common shareholders. Previously, Michael Saylor mentioned that the company may "sell some Bitcoin in the future to pay dividends," attracting market attention.As of now, Strategy holds 818,334 BTC, worth over $66 billion. Phong Le believes that based on Bitcoin's daily trading volume of around $600 billion, the company's annual dividend payout of approximately $1 billion will not have a significant impact on the market price.
8
CME Group to Launch Bitcoin Volatility FuturesBlockBeats News, May 10th, the Intercontinental Exchange (ICE) plans to launch Bitcoin Volatility Futures on June 1st, pending regulatory approval, expanding the cryptocurrency offerings of the U.S.-based derivatives exchange.These contracts will reportedly be based on the CME CF Bitcoin Volatility Index instead of the Bitcoin price, aiming to reflect the expected market volatility over the next four weeks.
CME Group to Launch Bitcoin Volatility Futures
BlockBeats News, May 10th, the Intercontinental Exchange (ICE) plans to launch Bitcoin Volatility Futures on June 1st, pending regulatory approval, expanding the cryptocurrency offerings of the U.S.-based derivatives exchange.These contracts will reportedly be based on the CME CF Bitcoin Volatility Index instead of the Bitcoin price, aiming to reflect the expected market volatility over the next four weeks.
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BlockBeats News, May 10th, The RWA protocol LienFi announced the minting of the first tokenized U.S. real estate tax liens on the Base network.
BlockBeats News, May 10th, The RWA protocol LienFi announced the minting of the first tokenized U.S. real estate tax liens on the Base network.
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CFTC&SECStrengthenOversightCollaborationOnPredictionMarkets
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## **The SEC-CFTC Prediction Market Oversight Agreement**
The **SEC** and **CFTC** have strengthened their partnership to regulate the booming prediction market sector. This collaboration addresses the legal "gray area" where event-based trading meets financial regulation.
### **1. Key Regulatory Objectives**
* **Clarifying Jurisdiction:** Defining when an event contract is a "swap" (CFTC) versus a "security" (SEC).
* **Combatting "Gamblification":** Preventing platforms from using addictive gaming mechanics that mirror unlicensed gambling.
* **Market Integrity:** Coordinating enforcement to stop insider trading and manipulation of event outcomes (e.g., political elections or corporate results).
### **2. Current Legal Landscape**
* **Federal vs. State:** The CFTC claims "exclusive jurisdiction," but states like New York are increasingly suing platforms for operating "unlicensed gambling."
* **Digital Integration:** The agencies are focused on preventing **regulatory arbitrage**, where crypto-based platforms move between classifications to avoid oversight.
### **3. Strategic Outlook**
The goal is a **unified framework** that protects retail investors while allowing for legitimate financial innovation. This includes stricter consumer-centric reforms and enhanced technical monitoring of blockchain-based markets.
### **Snapshot: Challenges to Oversight**
| Barrier | Description |
|---|---|
| **Legal Preemption** | Ongoing court battles over whether federal law overrides state gambling bans. |
| **Transparency** | Monitoring "off-chain" or private data used to influence prediction results. |
| **Volatility** | Managing the extreme price swings inherent in "all-or-nothing" event contracts. |
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