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After KelpDAO was attacked and suffered a loss of approximately $292 million, the industry's focus on the security of cross-chain infrastructure has continued to intensify. Currently, about $4 billion in assets have been completed or are in the process of migrating from LayerZero to the Chainlink cross-chain interoperability protocol CCIP. Among them, the DeFi protocol Lombard has become the latest project to announce its migration. The protocol stated that it will abandon LayerZero and migrate over $1 billion in Bitcoin-backed assets to Chainlink CCIP. Lombard mentioned that this adjustment stems from a comprehensive review of its internal security system following the attack incident in April.

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."

According to Bitget market data, preOPAI reached a high of $807.92 after its launch, currently reported at $791.03, with a 24-hour increase of 9.08% and a 24-hour trading volume of 3.9076 million USDT.

According to CoinDesk, after the cryptocurrency trading platform Gemini, founded by the Winklevoss brothers, announced its Q1 2026 financial report, its stock price rose over 25% in pre-market trading. The financial report showed that the company's revenue for the quarter increased by 42% year-on-year to $50.3 million, while the net loss narrowed by 27% year-on-year to $109 million, but still exceeded market expectations of a loss of $0.61 per share.The report indicated that Gemini's operating expenses increased by 73% year-on-year to $144.5 million, with employee compensation costs rising by 91%, which included approximately $6.5 million in severance pay; sales and marketing expenses also doubled year-on-year to $19.1 million.The company stated that it is currently driving its business transformation through layoffs, business contraction, and a $100 million Bitcoin injection from Winklevoss Capital Fund, and is seeking to achieve profitability.In February of this year, Gemini closed its operations in the UK, EU, and Australia, laying off about 25% of its staff, and shifted its focus to the U.S. market and prediction market business. In April, the company received approval from the U.S. Commodity Futures Trading Commission for its Derivatives Clearing Organization (DCO) license, officially entering the cryptocurrency prediction market field. Boosted by these developments, the company's stock price has recently rebounded and is now above $6.6.

According to Onchain Lens monitoring, after 6 years of silence, a certain whale deposited 1001 ETH into Kraken, worth 2.31 million dollars.The whale still holds 3000 ETH in 2 different wallets, worth 6.88 million dollars.

Cryptocurrency exchange Gemini released its Q1 financial report, with revenue reaching $50.3 million, a 42% increase from $35.3 million in the same period last year, which led to a 30% rise in its stock price during after-hours trading. The company stated that the growth mainly came from service business, OTC trading, and cryptocurrency-related credit card businesses such as the Gemini Credit Card. Among these, the credit card segment's revenue grew by approximately 300% year-over-year, nearing half of the total revenue.Gemini also disclosed data on its prediction market business for the first time. Since its launch in December last year, this business has attracted over 20,000 users trading contracts, with a total of over 100 million contracts traded, contributing approximately $400,000 in revenue. The company noted that trading volume in April further increased by 78% compared to the previous month. Gemini CEO Tyler Winklevoss stated that the company is gradually transforming from a cryptocurrency trading platform into a broader "market company." Previously, Gemini obtained a CFTC derivatives clearing organization license to support its expansion into derivatives and prediction market businesses.

Nakamoto (NAKA) has officially transformed into a Bitcoin operating company. The financial report shows that due to the decline in Bitcoin prices, the company incurred a net loss of nearly $239 million in the first quarter. As a result, its stock price hit a historic low of $0.16 on Thursday, down more than 99.5% from its 52-week high. The company's total revenue for the first quarter was $2.7 million, of which $1.1 million came from derivatives strategies.To meet working capital needs, the company sold 284 Bitcoins in the first quarter, worth approximately $22 million, and additionally sold 40 Bitcoins as revenue, worth about $3.2 million. Currently, Nakamoto still holds over 5,000 Bitcoins, with a holding value of over $400 million.

According to Cointelegraph, CryptoQuant pointed out in a report that Bitcoin faces a risk of correction after reaching the 200-day moving average of $82,400. The agency stated that the 200-day moving average was a major resistance level during the 2022 bear market, and Bitcoin resumed its downward trend after hitting that level in March of that year.The report noted that traders' unrealized profit margin reached 17.7% on May 5, the highest level since June of last year, indicating potential selling pressure from profit-taking. Last week, daily realized profits surged to the highest level since early December, with traders cashing out 14,600 Bitcoins (worth nearly $1.2 billion) on May 4. CryptoQuant stated that such a peak magnitude often signals a local price top during a bear market rebound.If Bitcoin declines, the current support level is around $70,000, which is the average price of all Bitcoin's last trades and has historically been a key resistance turning into support during bear markets.

According to on-chain analyst Yu Jin's monitoring, a giant whale that obtained 69,400 ETH through issuance on Ethereum in 2015 woke up after 6 years of dormancy and conducted an ETH aggregation transfer 4 hours ago, transferring 69,878 ETH (worth $157 million) to 3 new wallets.The issuance price of ETH was $0.311, at that time these 69,400 ETH were worth $21,600, and now they are worth $156 million.

According to on-chain analyst Yu Jin's monitoring, ETH has dropped back to the average long position price of the "Hyperliquid largest bull," and its previous $10 million floating profit has basically been given back. After returning to the cost line, it has slightly increased its long position by 9,000 ETH, bringing the total position to 108,000 ETH ($245 million), with an opening price of $2,271.

According to Jinshi, U.S. short-term interest rate futures slightly narrowed their earlier losses after the inflation data was released.

The U.S. Senate Banking Committee has released the first updated complete draft of the CLARITY Act since January of this year. The new draft has made significant adjustments in several key chapters.These include: a major rewrite of Chapter 1 concerning definitions, the authority of the U.S. Securities and Exchange Commission (SEC), and other content; the addition of insider trading provisions in Section 109; updating "joint control" to "coordinated control" in Chapter 2; rewriting Section 301 to further clarify the regulatory boundaries between DeFi and CeFi; updating Section 404 to incorporate the compromise proposal from Tillis and Alsobrooks; adjusting Section 505 to narrow the scope of SEC's authority limitations in the tokenization field; and restructuring the bankruptcy and insolvency framework in Sections 701 and 702. Additionally, Section 904 is a new addition, titled the "Build Now Act."Alex Thorn also pointed out that the protective provisions for developers in the Blockchain Regulatory Certainty Act in Section 604 remain largely intact, with only minor modifications that do not weaken its core protective content.

According to Onchain Lens, the on-chain whale address "0xF4E" recharged a total of 5,820 ETH to OKX and Bybit after an interval of about a month, equivalent to approximately 13.3 million dollars at the current price.

On May 12, the U.S. Senate Banking Committee released the latest 309-page draft of the CLARITY Act, but Section 404 of the draft stipulates that it prohibits rewards "solely for holding" stablecoins.Specifically, no regulated entity may directly or indirectly pay any form of interest or yield (whether cash, tokens, or other consideration) to a restricted payee solely because the restricted payee holds its stablecoins, or pay stablecoin balance rewards in a manner economically or functionally equivalent to paying interest or yield on bank deposits.However, the latest draft also stipulates that rewards and incentives for stablecoins based on real activities or transactions are allowed, such as rewards linked to actual transactions, payments, platform activities, liquidity provision, etc.

According to Jinshi reports, the Shenzhen Component Index fell more than 1% in the afternoon, the Shanghai Composite Index dropped 0.4%, and the ChiNext Index fell 0.5%.

Sky Ecosystem posted on platform X that the USDS OFT cross-chain bridging on the Solana network has resumed operation, which was temporarily paused due to a security review related to the rsETH vulnerability.Sky stated that throughout the review period, both the Sky Protocol and the USDS contract were unaffected, and USDS has always maintained full collateral as designed by the protocol, which can be verified on-chain at any time. This pause was a precautionary measure.With the completion of the security review, the USDS cross-chain bridging on the Solana chain has reopened, while the bridging to Avalanche will resume after further review is completed.