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Nasdaq-listed company Bit Digital released its Q1 2026 financial report, showing total revenue of $27.9 million, a decrease of 13.6% from the previous quarter, primarily affected by declines in Ethereum staking income, cloud services, and mining business revenue.Among them, ETH staking income fell by 29.4% to $2.3 million, with the company citing reasons including the drop in ETH prices and a reduction in staking scale. Meanwhile, cloud service revenue decreased by 13.1% to $16.8 million, and Bitcoin mining revenue dropped by 32.9% to $3.7 million.During the reporting period, the company's net loss widened to $146.7 million, mainly impacted by non-cash factors such as changes in the fair value of digital assets.As of the end of March, the Ethereum holdings were approximately 154,400 coins, valued at about $327 million. The company stated that it has converted about 70,000 ETH into liquid staking to enhance asset flexibility.In recent years, Bit Digital has continuously shifted from Bitcoin mining to Ethereum staking and digital asset treasury strategies, gradually laying out high-performance computing (HPC) and AI infrastructure business. The company's management indicated that future capital allocation will continue to tilt towards Ethereum and infrastructure.

According to BBX data, yesterday global listed companies and strategic funds showed significant trends in digital asset allocation and performance, with the core dynamics as follows:Strategic trusts continue to buy: The strategic reserve fund Jupiter Litterbox Trust increased its holdings by 386,428 JUP (worth about $85,000) yesterday. So far, this trust has accumulated over 7 million JUP purchases in May, with a historical total purchase amount reaching 123 million (total value of about $27.32 million).DeFi concept stocks see profit explosion: Hyperion DeFi, Inc. (NASDAQ: $HYPD) disclosed its Q1 2026 financial report, achieving a record net income of $8.84 million. Thanks to its unique "triple yield" HYPE deployment plan, the staking income generated by the company in this quarter reached three times the baseline level. It also updated its treasury reserves as of May 11: currently holding over 2 million HYPE tokens, 1.92 million KNTQ tokens, and 10 million HPL tokens, further establishing its position as a compliant DeFi investment portal in the U.S. stock market.

Movement announced that it has completed the acquisition of the on-chain Vault infrastructure project Canopy, further integrating key financial infrastructure within the Movement Network. Canopy has previously been an important part of the Movement ecosystem, primarily responsible for building the Vault layer on the Movement Network, with its smart contracts allowing users to allocate assets and strategize on-chain with independent strategy managers.After this acquisition, Canopy will collaborate more closely with the on-chain credit protocol MovePosition, and Movement is gradually building a complete on-chain financial infrastructure stack covering modules such as Vault, credit, and yield strategies. Movement stated that most public chain ecosystems still rely on third parties to provide core financial primitives, while Movement hopes to achieve deeper technical collaboration between Vault contracts and other components of the network through self-built and internally integrated methods.For developers, this means they can directly integrate core protocols that are continuously iterating; for partners, it means stronger consistency between the underlying infrastructure and the development team; for users, it is expected to provide a more unified on-chain financial product experience. The official also revealed that MovePosition and Canopy will gradually operate as a unified infrastructure, with more integration details to be announced in the coming weeks.

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 The Block, the U.S. Senate Banking Committee has released an updated 309-page text of the Clarity Act, which is set to be reviewed and voted on later this week. The new text includes language related to restrictions on stablecoin rewards, as well as provisions from the Blockchain Regulatory Certainty Act, clarifying that non-custodial developers do not fall under the category of money transmitters. Coinbase, which previously withdrew its support due to controversies over the stablecoin rewards provisions, has now shifted to support, but banking groups still believe the restrictions are insufficient.Meanwhile, the bill still does not include ethical constraints regarding profits from digital assets for the president and other federal officials. Democrats have stated that without relevant compromises, the bill will struggle to gain support.

The silly dragon king responded to "weekly interest income of $500,000," and the Binance screenshot he released shows that the account earned a total of $125,000 in funding fees over the past 6 days.

According to market news, the National Assembly of South Korea has passed an amendment to the Foreign Exchange Transaction Act, requiring companies engaged in cross-border transfer of virtual assets to register with the Ministry of Economy and Finance, bringing the cross-border flow of virtual assets such as stablecoins under the management system of the foreign exchange authorities.The amendment newly defines "virtual asset transfer business," covering activities that transfer virtual assets between South Korea and foreign countries through buying, selling, exchanging, etc. Virtual asset exchanges and custodians are also included in the registration scope. The amendment also reorganizes the foreign exchange business system, integrating the original currency exchange, small overseas remittances, and other businesses into "general currency exchange business" and "overseas payment settlement business." For violations of foreign exchange transaction procedures aimed at obtaining improper benefits, the penalty has been increased from fines of less than 50 million won to imprisonment of less than one year or fines of less than 100 million won.

Payment giant PayPal officially announced the launch of a strategic restructuring, simplifying its business into three core segments: payment checkout and PayPal, consumer financial services and Venmo, and cryptocurrency and payment services. Among them, cryptocurrency and payment services are listed as a separate core business unit, integrating payment processing, platform capabilities, and cryptocurrency operations, including Braintree, payment processing for small and medium-sized merchants, value-added services, and the stablecoin PYUSD. Jeff Pomeroy has been appointed as the interim head of this segment.Analysts believe that the independent inclusion of cryptocurrency business into the core operational structure means that PayPal is further strengthening its stablecoin PYUSD and digital asset payment ecosystem layout.

Robinhood's cryptocurrency business performance significantly declined in the first quarter of 2026. The company reported cryptocurrency revenue of $134 million, a 47% decrease compared to the same period last year; the nominal volume of cryptocurrency trades on the native app was $24 billion, down 48% year-over-year. This decline continues the trend observed since the end of 2025, when Q4 cryptocurrency trading revenue had already dropped by 38%. Robinhood stated in its quarterly report that the acquired Bitstamp trading platform contributed $42 billion in trading volume but did not provide year-over-year data.Despite the weakness in the cryptocurrency business, Robinhood's overall trading revenue still grew by 7% year-over-year to $623 million, mainly due to a 320% surge in prediction market revenue. Options revenue increased by 8% to $260 million, while stock revenue surged by 46% to $82 million. The company's net profit reached $346 million, a 3% increase year-over-year.

ZachXBT posted on platform X criticizing Sam Altman's associated project World (formerly WorldCoin), questioning its practice of obtaining biometric data from users in low-income countries in exchange for distributing WLD tokens.He also criticized the low circulation token design of WLD, stating that the related identity verification system has led to a black market for verified accounts, and questioned the token inflation mechanism and the issue of off-exchange holdings circulation.

Ethereum developer Tom Lehman has released a draft proposal for EIP-8182, which aims to make private transactions a native feature of Ethereum by introducing shared privacy pools, a fixed address system contract, and zero-knowledge proof verification precompiles at the Ethereum protocol layer.The proposal states that the solution will be implemented through a hard fork upgrade, without an administrator key, governance tokens, or on-chain upgrade mechanisms, with the goal of addressing the issues of decentralization and inconsistent trust models in privacy applications. As designed, users can make private transactions to any Ethereum address or ENS name using existing wallets, and it supports atomic "de-sensitization - interaction - re-privatization" processes.

According to Cointelegraph, the Polish parliament has not yet passed the domestic bill associated with the EU's Markets in Crypto-Assets Regulation (MiCA), making Poland the last EU member state to complete the relevant legislation.As the MiCA transition period is set to end on July 1, if the bill remains stalled, local crypto businesses may face greater obstacles to compliance in the European market, with some companies considering relocating to countries like Latvia and the Czech Republic. Previously, Polish President Karol Nawrocki vetoed the bill twice, citing the regulatory burden it would impose and the potential impact on small businesses.

The National Bank of Pakistan has officially lifted its ban on virtual assets that has been in place since 2018, allowing banks to open independent interest-free rupee accounts for virtual asset service providers (VASP) licensed by the Pakistan Virtual Assets Regulatory Authority (PVARA), and banks must conduct due diligence on the relevant institutions.

According to Coinbase Chief Legal Officer Paul Grewal, Virginia Governor Abigail Spanberger has signed HB 798, a bill that extends the state's unclaimed property regulations to digital assets and ensures that digital assets can be managed for attribution as they are.This initiative aims to improve the legal attribution and handling mechanisms for digital assets. Paul Grewal expressed his gratitude for this.

According to market news, Goldman Sachs has submitted an application for the Bitcoin Premium Income ETF.

According to reports from Yicai, the Ministry of Education and four other departments issued the "Artificial Intelligence + Education" Action Plan. It mentions improving the intelligence literacy and skills of a wide range of teachers. Standards for teachers' intelligence literacy will be established, clarifying the artificial intelligence literacy competencies that teachers should possess. Artificial intelligence literacy training will be conducted in a layered and categorized manner based on the needs of different positions, achieving full coverage through various methods. A contextual assessment system will be constructed, and intelligent, gradient assessment tools will be developed, encouraging schools and regions to carry out large-scale assessments of teacher literacy, and to enhance teachers' literacy and capabilities based on assessment results.Promote the reform of teacher training programs by incorporating knowledge of cutting-edge technologies such as artificial intelligence into the curriculum system, updating the knowledge system. Include artificial intelligence in the content of teacher qualification examinations and certifications, and establish intelligent education projects in national and provincial teaching achievement awards to stimulate the endogenous motivation for innovation in artificial intelligence.

According to The Block, the Democratic Party of Korea plans to incorporate tokenized real-world assets (RWA) and stablecoins into the existing legal framework, with relevant provisions included in the proposal for the Digital Asset Basic Law.The proposal requires issuers of tokenized RWA to deposit the underlying assets into a trust account in accordance with the Capital Markets Act; stablecoins are classified as a "means of payment" under the Foreign Exchange Transaction Act and are regulated by the foreign exchange authority without the need for separate registration. Small stablecoin transactions are exempt from foreign exchange reporting, while large transactions maintain regulatory requirements.In addition, the proposal prohibits providing yields on idle stablecoin balances and requires the Financial Services Commission to establish technical standards for stablecoin interoperability. The Digital Asset Basic Law is Korea's second set of digital asset regulatory regulations, which has faced multiple legislative delays, with the originally scheduled rollout in 2025 being postponed.

Defillama founder 0xngmi mentioned that "Polymarket will launch its native stablecoin Polymarket USD," stating that there is a total of approximately $1.25 billion in Polymarket user wallets, and if the platform is willing to retain interest income, it will generate $54 million in interest income annually at the current interest rate.