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The Hyperliquid Policy Center stated that Hyperliquid, as an on-chain perpetual contract trading platform, can provide a new model for market integrity and transparency. The agency claims that Hyperliquid will publicly disclose all on-chain transaction records in real-time, which helps regulatory agencies and law enforcement monitor, identify, and investigate, and also reduces the risks of insider trading and price manipulation.Previously, reports indicated that ICE and CME were communicating with U.S. regulators, requesting the CFTC to strengthen oversight of Hyperliquid, citing that its 24/7 commodity trading could pose manipulation risks to global oil prices and other markets. Hyperliquid has recently experienced rapid growth in the commodity trading sector, partly due to its support for non-traditional trading hours and weekend trading.21Shares and Bitwise also launched ETFs related to Hyperliquid this week, mentioning an increase in oil and metal trading activities on the platform. The Hyperliquid Policy Center believes that around-the-clock trading can actually enhance market efficiency, as price changes do not stop due to traditional exchange closures, and continuous trading helps reduce gaps in trading periods and improves price discovery.

In response to Bloomberg's report on CME and ICE pressuring the CFTC regarding Hyperliquid, the Hyperliquid Policy Center, a lobbying organization led by prominent crypto lawyer Jake Chervinsky and funded by the Hyper Foundation, tweeted that the concerns lack basis.The organization stated that Hyperliquid publishes complete on-chain transaction records in real-time, with transparency far exceeding that of traditional exchanges, which serves as a strong deterrent against insider trading and price manipulation, and is beneficial for regulatory agencies and law enforcement to conduct monitoring and investigations.Additionally, Hyperliquid offers 24/7 uninterrupted trading, effectively eliminating price gaps between the opening and closing of traditional markets. The organization acknowledged that current U.S. laws have not yet made specific provisions for on-chain derivatives markets and will continue to work with Washington policymakers to promote the implementation of relevant regulatory frameworks.Previously, the Hyperliquid Policy Center was established on February 18 of this year in Washington, with former Blockchain Association and Variant Chief Legal Officer Jake Chervinsky serving as CEO, receiving a donation of 1 million HYPE from the Hyper Foundation, focusing on promoting a compliant regulatory path for DeFi in the United States.

According to Bloomberg, the Chicago Mercantile Exchange (CME) and the New York Stock Exchange (NYSE) are pressuring U.S. regulators to impose oversight on the decentralized derivatives exchange Hyperliquid, citing concerns about market manipulation and violations of sanctions.

According to Cryptopolitan, U.S. Senator Lummis stated in an interview with CNBC that large banks are trying to block the advancement of clear cryptocurrency regulatory legislation because they cannot compete with the crypto industry.She emphasized that the popularity of Bitcoin is unstoppable, "this will become the financial system of the future."

According to CoinDesk, Nasdaq-listed company SUI Group and London hedge fund Karatage jointly led a $15 million financing round for Nof1, an AI research lab focused on financial markets. The two previously also partnered with TwinPath Ventures to invest in Recursive Superintelligence, a self-evolving AI startup valued at over $4 billion.Both investments are based on the same core judgment: autonomous AI agents will become the core infrastructure of the investment field in the future, and companies that establish training environments today may dominate the future financial landscape.

Caixin reported that a private banking client was sentenced to immediate imprisonment for 6 months and fined HKD 500,000 for deliberately providing false information in CRS declarations, becoming the first case in Hong Kong to be criminally convicted for violating CRS rules.CRS 2 is a revision of the OECD's Common Reporting Standard and the term for the Crypto-Asset Reporting Framework (CARF), which will take effect on January 1, 2026. On March 27, 2026, the Hong Kong government published the "2026 Taxation (Amendment) (Automatic Exchange of Financial Account Information) Bill" in the gazette, which was submitted for its first reading in the Legislative Council on April 1 and is expected to be implemented starting January 1, 2027, marking Hong Kong's entry into the fast track for local legislation of CRS 2.CRS 2 explicitly includes cryptocurrencies in the mandatory reporting scope, along with stablecoins, crypto derivatives, certain NFTs, central bank digital currencies, and specific electronic money products. Crypto trading platforms, custodians, and related funds are required to fulfill KYC obligations and report information to tax authorities, systematically blocking the pathways for concealing wealth through crypto assets.

The CLARITY Act has been reviewed by the U.S. Senate Banking Committee today and will next enter the full Senate voting stage.According to Mars Finance, the market is optimistic about the completion of the legislation this year, with the success probability predicted by the market Polymarket exceeding 70%. However, the bill must first pass the critical procedural threshold of the "motion to end debate," which requires at least 60 votes in favor from the 100 senators; otherwise, it may face indefinite delays.Reports indicate that two Democratic senators have explicitly crossed party lines to support the bill, and all 51 Republican senators are expected to vote in favor. Therefore, at least 7 Democratic senators' support is still needed to advance the bill to the final voting stage.In addition, the CLARITY Act will need to be integrated with the version from the Senate Agriculture Committee. The Banking Committee version mainly involves the SEC regulatory framework, securities classification, trading platform registration, and DeFi protection; the Agriculture Committee version focuses on CFTC regulation, digital commodity spot and derivatives markets, among other areas. The final unified text will be submitted for Trump’s signature after being voted on by both houses.Previous news: The U.S. Senate Banking Committee passed the CLARITY Act with a vote result of 15:9.

According to Digital Asset, Hana Financial Group will invest approximately 1 trillion won (about 667 million USD) to acquire a 6.55% stake in Dunamu, the operator of the South Korean cryptocurrency exchange Upbit.

Democratic Senator Jack Reed stated at the CLARITY bill hearing that Iran is using cryptocurrency to procure sensitive goods, and the drones they are acquiring are wreaking havoc in the Persian Gulf. Moreover, most of this funding has turned into stablecoins. If we truly support our military, we should cut off their (Iran's) funding sources.

U.S. Senator Warren requests the U.S. Securities and Exchange Commission (SEC) to investigate the cryptocurrency company of President Trump's family.

According to the official announcement, Huobi HTX officially launched the 2026 Global Creator Recruitment Campaign on May 14, inviting external KOLs, community operators, live streamers, and trading experts to join the Huobi HTX creator ecosystem. It offers exclusive benefits such as a 60% permanent invitation commission, 100% return on live stream rewards, and a monthly content mining competition. The first 200 creators who successfully settle in will also receive double traffic support.In addition, from May 14, 0:00 to June 14, 24:00 (UTC+8), the platform will simultaneously launch a new creator invitation trading ranking competition, with a total prize pool of up to 5500 USDT. During the event, newly settled creators will be ranked based on the number of effective new users they invite. If the total trading volume of the invited users reaches the specified threshold during the event, they will receive corresponding rewards, with the champion enjoying a grand prize of 1500 USDT.

Fidelity expressed its position on platform X, stating that it appreciates the Senate Banking Committee's advancement of the CLARITY Act. Fidelity stated that the act provides a balanced regulatory approach, and if passed, it will offer legal clarity for the digital asset market, benefiting U.S. investors and helping to ensure America's leadership in the global digital asset space.

According to Cointelegraph, the Commodity Futures Trading Commission (CFTC) submitted an amicus brief to the U.S. Court of Appeals for the Sixth Circuit in support of Kalshi's appeal in its lawsuit against Ohio, arguing that prediction markets should be under the jurisdiction of the CFTC.The CFTC pointed out that Ohio's previous request for Kalshi to cease offering sports event contracts constitutes "jurisdictional overreach." The CFTC stated that if state governments can restrict sports event contracts traded on designated contract markets (DCM), their long-term regulatory authority over event contracts, swaps, and binary options markets could be affected. The outcome of this case will also impact prediction market platforms such as Kalshi and Polymarket.

Crypto journalist Eleanor Terrett revealed that U.S. Senator Jack Reed submitted an amendment before the stablecoin bill review this Thursday, aiming to explicitly prohibit cryptocurrencies from being used as legal tender, including banning the payment of taxes with crypto assets.Senator Elizabeth Warren also submitted over 40 amendments, one of which aims to prevent the Federal Reserve from issuing master accounts to cryptocurrency companies. Another amendment jointly submitted by Senators Reed and Smith seeks to include restrictions on banks regarding stablecoin yields in the bill.

Michael Selig, the chairman of the Commodity Futures Trading Commission (CFTC), stated that the regulatory agency is communicating with all major professional sports leagues in the United States to strengthen the regulatory framework for sports-related prediction markets and to prevent insider trading and market manipulation risks.Michael Selig revealed at the FINRA annual meeting in Washington that the CFTC had previously signed a memorandum of understanding for information sharing with Major League Baseball, marking its first formal data collaboration mechanism with a professional sports league.

The Bitcoin bull-bear cycle indicator from CryptoQuant has recently turned green for the first time since 2023. On-chain analyst Julio Moreno stated that this usually indicates the market is switching from a bear market structure to a recovery phase. Moreno pointed out that historically, when this indicator exits the bear market zone and enters the "Early Bull" range, it often means that the worst adjustment phase has ended and the market structure begins to repair. However, several analysts emphasize that this indicator is more suitable for judging market phase transitions rather than precise trading signals. Mati Greenspan, founder of Quantum Economics, stated that the greatest significance of such indicators lies in determining "whether Bitcoin has stopped behaving like a bear market asset," and real confirmation still requires sustained demand, improved liquidity, and prices stabilizing at key levels. Currently, Bitcoin has not effectively broken through the $82,000 resistance level. Although it has rebounded about 35% from a low of around $60,000 in February this year, the market remains in a tug-of-war state. Moreno believes that to truly confirm a bull market signal, Bitcoin needs to digest some current "weakness" indicators while facing pressure from a neutral greed-fear index and a complex macro environment. Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, believes that Bitcoin has completed a phase of bottoming around $60,000 this year. He stated that once it breaks through $90,000, the market may enter an "explosive phase," targeting the previous high of $126,000. Meanwhile, some analysts also remind that on-chain indicators like MVRV and NUPL are essentially more aligned with a "behavioral cycle framework" and should not be seen as absolute predictive tools.

U.S. Senator Cynthia Lummis stated that after nearly a year of bipartisan cooperation, the U.S. Digital Asset Market Structure Act (CLARITY Act) is set to enter the committee review stage this week, bringing the U.S. closer to "consolidating its global leadership in financial innovation." Lummis said, "Wyoming has been a pioneer in exploration, and now Washington is following suit."Previously, Republican members of the U.S. Senate Banking Committee announced that Committee Chairman Tim Scott, Lummis, and Thom Tillis have jointly released the text of the market structure bill. According to the statement, the bill aims to establish a clear regulatory framework for the digital asset industry, protect investors, combat illegal financial activities, and encourage innovation to remain in the U.S.

Despite Bitcoin's pullback of about 2.5% since reaching a peak of $82,800, market analysts generally believe that its overall upward structure remains intact and has re-entered the "full bull market momentum" range. Swiss wealth management firm Swissblock pointed out that Bitcoin has re-entered the price expansion range, the Bull Market Support Band has turned into support, and the 21-week EMA has crossed above the 20-week SMA, with the trend structure turning bullish again. Currently, Bitcoin's price is consolidating around $80,000, where the "real market average" and short-term holding costs constitute key support, while the realized price around $85,000 forms an upper pressure zone.Whale and institutional-led spot buying are strengthening, while the proportion of derivative speculation is decreasing. Similar structures historically correspond to sustainable upward trends. If this indicator continues to maintain positive values, it may further drive Bitcoin to continue its upward cycle. In terms of liquidity, the Stablecoin Supply Ratio (SSR) has rebounded from historical lows to a key range, indicating that stablecoin funds are flowing back into the market. This signal has corresponded to phase bottom rebounds in mid-2021, 2022, and mid-2023. Meanwhile, the Binance stablecoin supply ratio oscillation indicator (SSR Oscillator) has risen to 2.8, reaching a 12-month high, showing a significant increase in stablecoin purchasing power.On-chain activity is also strengthening. Bitcoin's daily transaction volume has increased by 116%, reaching 831,400 transactions, a 20-month high; the number of active addresses has increased by 7.1% to 707,700, and total transaction fees have grown by 37% to $279,300, indicating a significant increase in network usage activity. In terms of funding structure, the 90-day spot Taker CVD has turned into a sustained positive value, indicating that spot buying is dominating the market. Glassnode data shows that this indicator has further risen to $62 million compared to a week ago, reflecting an increase in market proactive buying sentiment.In summary, the price structure, liquidity indicators, and on-chain demand all indicate that Bitcoin is currently still in a "strong trend expansion phase," and the bull market momentum has not yet ended.

According to CryptoQuant analyst MorenoDV, the Bitcoin bull-bear cycle indicator has turned into an "early bull market" signal for the first time since March 2023. Historically, this signal has appeared after 2019 and early 2023, indicating that the worst adjustment phase has passed and the market structure is beginning to recover. However, there was one exception in March 2022 when the indicator also entered the early bull market zone, but the price was subsequently rejected, confirming a local top rather than a new bull market.Regarding the current signal for May 2026, the analyst believes that Bitcoin is no longer behaving as a deeply bearish asset, and the recovery of the 30-day moving average indicates that market momentum is improving. However, several other market indicators have shown signs of fatigue, making this signal less clear than a classic early cycle confirmation. The analyst tends to believe that this is more likely a local top rather than the beginning of a new bull market, unless the price strongly confirms this trend in the future.