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According to The Block, the Myanmar military government has released a draft of the "Anti-Online Fraud Act," which proposes the death penalty for those who force others to engage in online fraud and life imprisonment for those who operate fraud centers or commit cryptocurrency fraud.The draft also proposes the establishment of a special committee responsible for international cooperation to combat fraud activities. The Myanmar parliament is expected to review the bill in early June.Previously, the U.S. Department of the Treasury had imposed sanctions on multiple entities suspected of cryptocurrency investment fraud in Myanmar and Cambodia in September 2025. FBI data shows that losses related to cryptocurrency fraud reached as high as $11.4 billion in 2025, accounting for more than half of all internet crime losses.

According to the official announcement, Gate launched the spot trading of My Pet Hooligan (HOOLI) on May 15 at 18:00 (UTC+8), and My Pet Hooligan (HOOLI) will be available on the swap platform at 19:00 (UTC+8).

Federal Reserve Governor Stephen Milan officially submitted his resignation on Thursday, stating that he would vacate his seat on the Federal Reserve Board at or before the inauguration of the new chairman, Kevin Warsh.Milan took over her position on the board after Adriana Kugler's sudden resignation in August 2025. Milan has played a dissenting role in the Federal Open Market Committee (FOMC), which is responsible for setting interest rates. In the six FOMC meetings he attended, he voted "no" each time.He stated that he believes personal consumption expenditures (PCE) inflation, particularly in housing, will gradually return to normal levels, and reiterated that, given the lagging nature of monetary policy, he believes it is necessary to cut interest rates.Milan has consistently advocated for lower interest rates and opposed the three rate cuts of 25 basis points each approved by the FOMC in 2025, as he supported larger cuts. This year, he voted three times against the decision to maintain interest rates, instead supporting a 25 basis point cut.Additionally, he mentioned that he has been pushing for a more forward-looking monetary policy approach and believes the Federal Reserve "needs to better consider non-monetary factors and their impact on monetary policy." He specifically pointed out the effects of slowing population growth and reduced immigration on employment, as well as the deflationary pressures brought about by regulatory easing.

According to Protos, Myanmar has proposed introducing the death penalty for criminals who use violent means to coerce victims into participating in cryptocurrency scam centers. According to the draft of the country's Anti-Cyber Fraud Bill, criminals who use violence, torture, illegal arrest and detention, or cruel treatment against others to force them to commit cyber fraud will be sentenced to death.The bill will be submitted to parliament for review in June. In addition, operators of scam centers or perpetrators of cryptocurrency scams will face life imprisonment. Last month, the President of Myanmar reduced all death sentences to life imprisonment.

According to monitoring by Catcher Predict, in the event "What will Trump say during his bilateral activities with Xi Jinping?" on the prediction market Polymarket, the "Yes" option in the sub-market "My Friend" has experienced a dramatic fluctuation in winning probability, soaring from 28.5% an hour ago to the current 48% (a fluctuation of 19.5%). Please note the impact of related breaking news.

According to Jin Shi reports, Federal Reserve's Schmid stated that persistent inflation is the most pressing risk facing the economy, and the level of inflation is clearly still too high.

According to Jin Shi reports, Federal Reserve official Collins stated that he hopes the economy will allow for more interest rate cuts later this year.

According to Catcher Predict monitoring, in the predicted market event "LoL: Oh My God vs EDward Gaming (BO3) - LPL Group Stage Nirvana" on Polymarket, the "Odd" option in the sub-market "Odd/Even Total Kills" has experienced a dramatic fluctuation in win rate, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of related breaking news.

The Stellar Development Foundation and the Government of Bermuda jointly announced that Bermuda will migrate key payment and financial services to the Stellar network, officially advancing the construction of a "fully on-chain national economy."The plan relies on Bermuda's 2018 Digital Asset Business Act regulatory framework, aiming to significantly reduce local merchants' payment processing costs from 3% - 5% or even higher.According to the plan, Bermuda residents will be able to receive salaries, merchant payments, pay government fees, and hold digital assets through digital wallets on the Stellar network in the future.The government will pilot stablecoin payments, and financial institutions will have access to tokenized tools, with related assets also being used for government payment scenarios such as social service disbursements.

AI character economy platform Charms Interactive announced the completion of a $1.5 million seed pre-financing, with participation from Lattice, JME, Coinbase Ventures (Base Ecosystem Fund), Gidorah (Echo), among others. Charms also launched the product Charms.ai, attempting to upgrade "AI characters" from application functions to tradable, ownable, and sustainably operating on-chain economic assets.

Adeniyi Abiodun, co-founder and Chief Product Officer of Mysten Labs, posted on the X platform that confidential transactions will be launched on the Sui network this year, enabling large-scale, free, and privacy-protected payments.

Artificial intelligence is driving economic growth in the United States: investments in software and IT equipment contributed +134 basis points to GDP growth in the first quarter of 2026, growing by 2.0%, marking the largest quarterly contribution in history. This means that 67% of economic growth in the previous quarter was driven by artificial intelligence.In other words, without technology investments driven by artificial intelligence, GDP growth in the first quarter would have been close to flat. This contribution is also about 10 basis points higher than the record set in 1999. Over the past five quarters, investments in software and IT equipment have averaged a contribution of +90 basis points per quarter, setting the highest contribution for any consecutive five quarters on record. The U.S. economy has become highly dependent on artificial intelligence.

According to Jinshi reports, New York Fed President Williams stated that despite the large scale of government borrowing, demand for U.S. Treasuries remains strong. He pointed out that the Federal Reserve is "very closely" monitoring the government's borrowing levels and emphasized that market demand for U.S. Treasuries is still "huge." Williams also mentioned that the U.S. economy has shown resilience amid the energy shock caused by the war in the Middle East and stated that the Federal Reserve is committed to bringing the inflation rate back down to the target level of 2%.

Adeniyi Abiodun, co-founder of Mysten Labs, stated during Consensus 2026 that the Sui network has processed over $1 trillion in stablecoin transactions since last year and plans to launch zero-fee stablecoin transfers and privacy payment features.Abiodun expressed that Sui aims to become "the default network for future capital flows," noting that the current traditional cross-border payment systems have excessively high fees; for example, transferring $100 to Nigeria may incur a $35 fee. The future financial system should not be completely transparent like social media, and users need stronger privacy protection capabilities.Sui is developing a storage layer that supports the intent of crypto transactions to accommodate AI Agent-driven automated payments and future refund and fraud handling mechanisms. Additionally, Sui is currently testing quantum-resistant signature technology on its testnet, aiming to complete deployment before the EU's quantum security requirements are implemented by 2030.Abiodun also expressed willingness to coordinate with the Bitcoin ecosystem and open-source related research. However, Sui has recently faced challenges with technical stability, as its mainnet experienced several hours of downtime in January 2026. The current price of SUI is approximately $0.99, down about 81% from its historical high of $5.35 set in 2025.

Alchemy Pay today announced the official launch of the Alchemy Chain mainnet, which focuses on stablecoin payments and aims to build a global compliant stablecoin payment network.Alchemy Chain is positioned as the world's first payment public chain that connects the dual compliance frameworks of Europe's MiCA and Hong Kong's HKMA, and will natively issue its own stablecoin, facilitating enterprise-level settlement networks across the EU, Asia-Pacific, Africa, and the United States.Alchemy Chain launched its testnet in March this year, and since its launch, the number of test addresses has exceeded 160,000.