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According to a16z crypto, on May 14, the U.S. Senate Banking Committee voted in a bipartisan manner to advance the "Digital Asset Market CLARITY Act" (CLARITY), marking a historic step in the legislative framework for the U.S. crypto market. The CLARITY Act aims to establish a clear regulatory framework for blockchain networks and digital assets, with core content including: clarifying the regulatory boundaries between the SEC and CFTC regarding crypto assets, regulating the operations of crypto exchanges, protecting consumer rights, and providing a clear path for compliant operation of blockchain networks in the U.S.a16z pointed out that the U.S. has relied on "regulatory enforcement instead of legislation" over the past decade, which not only distorts the market and stifles innovation but also gives rise to a large number of regulatory arbitrage activities, leading many crypto projects to move overseas. The bill references the 2024 FIT21 Act and the 2025 House version of the CLARITY Act, and further improves upon them. Currently, the two drafts from the Senate Banking Committee and the Agriculture Committee will be merged into a unified bill, which will be submitted for a full Senate vote, and after passing, will also require approval from the House of Representatives and the President's signature to officially take effect.a16z compares this legislative progress to the historical significance of the 1933 Securities Act and cites the precedent of explosive growth in the industry following the passage of the GENIUS stablecoin bill, believing that once CLARITY is implemented, it will usher in a new wave of innovation for the U.S. crypto industry.

According to the Arc white paper released by Circle, the Arc mainnet is expected to launch in the summer of 2026, with the testnet having started in October 2025. As of May 5, 2026, it has processed a total of 244.1 million transactions. Arc is positioned as an institutional-focused public Layer 1 blockchain, compatible with EVM, natively integrated with USDC, supporting sub-second deterministic settlement, stablecoin-priced gas fees, and configurable privacy features. Cross-chain transfers are completed through Circle CCTP.The white paper also reveals that the initial supply of the native token ARC is 10 billion, with 60% allocated to ecosystem development, 25% belonging to Circle, and 15% reserved for long-term holdings.

a16z Crypto published an article explaining the investment logic behind Arc, pointing out that stablecoins have evolved from tools for crypto trading to a core layer of global financial infrastructure, driving the upgrade of blockchain from "application layer finance" to "system-level economic operating systems."The trading volume of stablecoins reached approximately $9 trillion last year, placing them on the same scale as global payment networks like Visa and PayPal. The total supply of US dollar stablecoins has also exceeded $270 billion, with cross-border payments, B2B settlements, and foreign exchange trading becoming the core use cases for stablecoins, gradually making them the "upgrade layer for global capital flows."a16z Crypto stated that the existing blockchain infrastructure is still primarily aimed at crypto-native users and individual developers, lacking native support for large institutional-level demands. The reason for participating in the ecosystem construction related to ARC tokens is mainly due to the gradual on-chain transition of global finance; in the future, only a few public chains will be able to support the "on-chain economic system foundation."

According to on-chain analysis platform Lookonchain (@lookonchain), Garrett Jin (#BitcoinOG1011short) has deposited the remaining 225,627 ETH (approximately 528.19 million USD) into Binance.So far, he has deposited a total of 577,896 ETH into Binance within 4 days, with a total value of approximately 1.35 billion USD. Relevant data shows that most of this batch of ETH was exchanged from BTC over 8 months ago, when the ETH price was around 4,591 USD; based on the current situation, his paper loss is approximately 1.3 billion USD.

According to CoinDesk, the floor price of Bored Ape (BAYC) NFTs has risen from about 5 ETH to over 10 ETH in the past month, while ApeCoin (APE) has also rebounded from below $0.1 to about $0.16 during the same period, with trading volume significantly increasing.At the same time, frequent security vulnerabilities in the DeFi sector and a continuous decline in yields have prompted some funds to shift towards the NFT market. The trend of NFT financialization is also heating up, with a recent $2.8 million loan transaction collateralized by a CryptoPunk attracting widespread attention, with the lender expected to earn about $138,000 in interest within 90 days. Blue-chip collections like Pudgy Penguins have also strengthened, further boosting market sentiment regarding the potential token issuance by OpenSea.

According to Cointelegraph, the Estonian Financial Supervisory Authority issued an investor warning to BB Trade Estonia OÜ, the operator of the cryptocurrency exchange Zondacrypto, for failing to provide the white paper for the "TeamPL" crypto token on its website, violating Article 9(1) of the EU MiCA framework, which requires that as long as the crypto asset is still held by the public, the white paper must be continuously available on the website.Earlier reports indicated that the Zondacrypto exchange was experiencing withdrawal issues, and Polish law enforcement has also launched an investigation into the exchange.

According to Onchain Lens monitoring, Grapefruit Trading has staked 33,370 ETH ($76.13 million) to Eth2.

The AI infrastructure platform B.AI announced on May 7 that its user base has officially surpassed 1.7 million. As an innovative force dedicated to building the core infrastructure for privacy protection, intelligent routing, and the agent economy, B.AI is accelerating the execution layer of autonomous intelligent large-scale development through significant benefits such as zero markup on all models, a gift of 500,000 free points upon new user registration, and a limited-time 1:1 recharge with a cost reduction of 50%. B.AI will continue to drive technological innovation and extreme cost-effectiveness as dual engines, working with millions of users to build an efficient and secure autonomous intelligent execution layer, and jointly advance into a new ecosystem of agents.

Researcher Dan Robinson from Paradigm proposed a new scheme called PACT (Verifiable Address Controlled Timestamp), aimed at protecting long-dormant bitcoins, including Satoshi's early addresses, from future quantum computing attacks.This mechanism allows users to prove their control over an address through a timestamp without the need to transfer assets or expose on-chain behavior. Once future quantum attacks occur, assets can be recovered in a quantum-resistant version of the Bitcoin network based on that proof. Compared to mandatory migration schemes (like BIP-361), PACT avoids the privacy exposure issues caused by actively transferring assets, providing long-term holders with a more flexible preemptive protection path.

According to monitoring by Lookonchain, since the disclosure that the suspected APE insider trader is going long on LDO, LDO has risen over 20%.One associated wallet has closed its long position in LDO, making a profit of about $50,000; another wallet still holds 5.96 million LDO (approximately $2.65 million) in long positions, currently with an unrealized profit of about $250,000.

According to Onchain Lens monitoring, as APE's price surged over 110% in a short period, a suspected insider trader profited over $2.27 million by simultaneously taking long and short positions.On-chain data shows that this address initially deposited 75 ETH (approximately $174,000) as margin, opening both long and short positions on APE, and then purchased 1,027 ETH (approximately $2.37 million) on the HyperLiquid platform and completed the withdrawal. Additionally, they bought another 26 ETH on-chain, totaling 1,053 ETH purchased, ultimately realizing a profit of 978 ETH, equivalent to about $2.27 million. This operation has raised widespread suspicion of insider trading in the community due to its precise timing and abnormal returns.

The "Quantum Computing and Blockchain Independent Advisory Committee" established by Coinbase has released its first position paper. The core conclusion of this position paper is that the core infrastructure of Bitcoin is fundamentally secure. Quantum computing does not pose a substantial threat to Bitcoin mining, hash functions, and the historical records of the blockchain. The real vulnerability lies at the wallet level, and Ethereum has laid out a clear roadmap to address this issue in the near future.Previously, Coinbase announced the establishment of the Quantum Computing and Blockchain Independent Advisory Committee in January this year, with committee members including researchers from Stanford University, the University of Texas at Austin, and the Ethereum Foundation.

The Coinbase Quantum Computing and Blockchain Independent Advisory Committee has released its first position paper stating that sufficiently powerful quantum computers may be able to crack the encryption mechanisms used by mainstream blockchains to protect digital assets in the future. However, such devices do not currently exist, and encrypted assets remain secure for now. The industry should begin preparing for quantum resistance upgrades starting now.The document points out that there are currently no substantial risks associated with Bitcoin mining, hash functions, and on-chain historical records; the main vulnerability lies in the digital signatures at the wallet layer. Ethereum has proposed a clearer migration roadmap, and Solana, Algorand, and Aptos have also begun to provide or plan quantum resistance solutions.

At the Bitget "Obsidian Night" offline event, the platform's Chinese language head, Xie Jiayin, elaborated on the IPO Prime product strategy. He stated that relying on the UEX panoramic exchange architecture, IPO Prime aims to break the barriers of traditional primary markets that have long been monopolized by leading institutions, building a standardized asset subscription channel that allows ordinary users to fairly participate in the early value growth of global unicorns like SpaceX.Xie Jiayin emphasized that "coming means being a VIP" has never just been a slogan, but a substantial right delivered to users based on UEX capabilities. IPO Prime is not only an upgrade and iteration of the product system but also a deep practice of the concept of financial equality in the cryptocurrency trading field. By continuously lowering participation thresholds and improving asset circulation efficiency, the rights to allocate high-quality global assets are truly made accessible to every user.