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The tokenized financial market infrastructure Digital Asset Clearing Center (DACC) announced the completion of a $10 million strategic financing round, with participation from Conflux, Global InfoTech, Fosun International, Blockstone, Avior Capital, Fintech World, Satoshi Ventures, and BridgeTower. DACC currently provides end-to-end "Clearing-as-a-Service" for financial institutions, and the new funds will support its construction of compliant financial settlement and clearing infrastructure.

According to the official announcement from Huobi HTX, the platform has officially launched the "Crypto Pizza Festival" series of activities, covering multiple gameplay options such as task challenges, holiday red envelopes, and lucky draws, with a total prize pool exceeding 200,000 USDT, including physical grand prizes like the iPhone 17 Pro Max, 10 grams of gold, and pizza vouchers.The task challenge competition runs from May 14 to May 25. After signing up, users can complete any one of the five tasks: earning coins, spot trading, contract trading, learning to earn coins, or holding $HTX to light up "Fire Treasures" and receive tiered rewards such as USDT earning interest vouchers, contract experience gold, and spot trading fee cashback vouchers. Collecting all Fire Treasures allows participation in a lucky draw to share a prize pool of 100,000 USDT, thousands of pizza vouchers, and USDT 10% earning interest vouchers.From May 18 to June 19, the pizza carnival red envelope activity will also be launched, with a total prize pool of 100,000 USDT. On the birthday of Fire Treasures (May 18) and Bitcoin Pizza Day (May 22), users can visit the event post to receive no-threshold red envelopes. Completing daily interactions or referral tasks can unlock subsequent red envelope qualifications, and checking in for 7 consecutive days can unlock large red envelopes.The lucky draw activity will start on May 18. During the event, accumulating a spot trading volume of ≥100 USDT or a single contract trading volume of ≥2,000 USDT will grant a chance to enter the draw. The prize pool includes an iPhone 17 Pro Max in Starry Orange (1TB), Keron 4 GT, 10 grams of gold, BTT/NFT/WIN/SUN tokens, and contract experience gold, among others.

The BNB ecosystem decentralized finance platform Eleutheria announced the completion of a $5 million strategic round of financing, with participation from Alpha Capital, and valuation information has not yet been disclosed.The new funds will support its development of on-chain financial services through trustless code-driven DeFi and immutable smart contracts.

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.

Recently, the decentralized AI infrastructure DGrid AI announced its official participation in the "0G AI Alliance Million Token Carnival" event. This event is jointly initiated by NeoSoul, 0G, and several ecological projects, and is now live on task platforms such as Galxe and TaskOn. Users who complete actions such as following, joining communities, and participating in designated tasks will have the opportunity to receive rewards including project tokens, ecological points, SBT, and USDT.As an infrastructure project focused on decentralized AI computing power and model services, DGrid has launched several core products, including the AI Gateway that aggregates mainstream global large models, the AI intelligent entity platform DClaw, the AI model competition platform AI Arena, and the intelligent model assistant Dori, providing developers and users with a one-stop service from model invocation to application experience. This carnival is DGrid's ecological debut aimed at a broader community, welcoming more users to learn about and experience DGrid's products and services through the event.

According to CoinDesk, crypto wallet infrastructure Turnkey has completed a $12.5 million strategic financing, bringing the total funding to over $65 million. Major investors include Archetype, Circle Ventures, and Sequoia Capital.The new funds will primarily be used for the development and release of the digital asset security computing product Turnkey Verifiable Cloud.

According to CoinDesk, Los Angeles-based stablecoin-driven digital bank Fasset announced the completion of a $51 million Series B financing round, with investors including Japan's SBI Group, Investcorp, and Turkish asset management company Arz Portföy. The valuation for this round has not been disclosed.Fasset covers over 50 payment channels across Asia, Africa, and the Middle East through stablecoin technology, serving over 1,000 small and medium-sized enterprises in 125 countries, with an annual transaction volume exceeding $32 billion. The company plans to use the funds from this round to expand into new markets, develop loan and trade financing products, and expand its proprietary stablecoin payment and custody infrastructure "Own Network." Additionally, Fasset has recently partnered with Tether, the issuer of USDT, to launch a gold-backed digital bank card.

According to crypto journalist Eleanor Terrett, sources say that a bipartisan group of minority senators in the U.S. Senate held discussions last night regarding the CLARITY Act, attempting to push the Democrats to make concessions on at least two outstanding issues, but ultimately failed to reach an agreement.Senator Cynthia Lummis stated that both sides had reached consensus on "99% of the content" of the bill and expressed hope that the Democrats would continue to address the remaining issues after the bill passes committee review; otherwise, if a similar incident to FTX occurs in the future, "they can only blame themselves."Reports indicate that Democratic Senators Adam Schiff and Ruben Gallego have been pushing for a compromise on the ethical standards and conflict of interest clauses involving the president's family before the committee review, making it one of the conditions for supporting the bill.Additionally, some Democratic lawmakers have raised concerns about provisions related to the Blockchain Regulatory Certainty Act (BRCA). This provision aims to prohibit lawsuits against non-custodial software developers based on money transfer laws.Sources say that both sides have made substantial progress on ethical and conflict of interest issues, but disagreements over amendments to the BRCA ultimately led to the breakdown of negotiations. The market currently widely expects that this committee review will show clear partisanship.

According to official news, Ethena announced the launch of a dedicated USDe market on Jupiter Lend, which is completely independent of the existing Jupiter Lend deployment. Bitwise is responsible for on-chain asset management and risk supervision, and institutional participation is supported. Users can now deposit USDe on Jupiter Lend, engage in lending, and execute leveraged USDe strategy operations.In addition, USDe can also be bridged to the Solana network through Stargate Finance.

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.

According to the official announcement, Huobi HTX has officially launched the "Seventh Leverage Trading Competition," with a total prize pool of 30,000 USDT, to celebrate Bitcoin Pizza Day.From May 12, 18:00 to May 24, 18:00 (UTC+8), new users who complete their first leverage trade will receive a 50 USDT leverage coupon, limited to 2000 copies, first come first served; during the event, users with a leverage trading volume ≥ 1,000 USDT will receive a 5%-20% fee rebate.In addition, participating in leverage trading of BTC, ETH, DOGE, TRX, TON, ZEC, FIL, JST will have the trading volume counted as three times towards the total trading volume. Users can click on the event page [Sign Up Now] to participate.

Stream Finance stated on platform X that the Stream trading protocol is seeking ways to maximize the asset value for customers and creditors, with the goal of integrating, liquidating, and distributing assets as quickly and prudently as possible. The team is currently considering several strategic alternatives that require participation from customers and creditors, and more details are expected to be provided in the coming weeks. For related inquiries, please contact Jeremiah Ledgwidge at Cooley LLP.In November last year, Stream Finance disclosed a $93 million asset loss and suspended withdrawals, after which XUSD significantly depegged.

According to an exclusive report by LatePost, Kuaishou plans to spin off its video generation large model business "Keling AI" and initiate a $2 billion financing round with an estimated valuation of about $20 billion. They are currently in talks with investors such as Tencent, and the deal has not yet been completed. Based on the current market value, Keling's valuation is already close to 70% of Kuaishou's overall market value.The report states that Keling's current annual recurring revenue (ARR) has reached $500 million, doubling since before the Spring Festival, significantly exceeding Kuaishou's previous expectations. At the beginning of 2025, Kuaishou set an annual revenue target of $60 million for Keling, but the final annual revenue reached $150 million. In the face of increased competition from giants like ByteDance and Alibaba in the video generation field, Kuaishou has established an independent option pool and special incentive mechanisms for Keling.It is reported that if the future IPO valuation reaches $40 billion, team incentives will be further enhanced. Currently, Keling has become one of the fastest-growing products in the global video generation field. By early 2026, it ranked first in the iOS drawing and design charts in nearly 40 countries and regions, including Brazil, Russia, and Singapore, and became one of the highest-grossing graphic design applications in South Korea and Russia.

According to an exclusive report by CNBC, Circle Internet Group raised $222 million through the presale of its native token from the new blockchain Arc, achieving a fully diluted network valuation of $3 billion. Andreessen Horowitz led the investment with $75 million, with participation from over a dozen institutions including BlackRock, Apollo Funds, Intercontinental Exchange (ICE), Standard Chartered Ventures, ARK Invest, and Bullish.Arc is a public blockchain designed for institutional finance. Circle CEO Jeremy Allaire stated that the company is transforming from a stablecoin issuer into a broader internet platform company, entering the operating system and application business. In terms of token distribution, Circle holds 25% of the initial supply of 10 billion tokens, 60% is allocated to network builders and participants, and 15% is reserved for long-term use. Circle also released a set of tools to help developers build AI agents, supporting transactions and payments using USDC. This is the first publicly traded company to conduct a token presale, and Allaire stated that all companies will achieve tokenization in the future.

The BSC ecosystem's Fortune Protocol has announced the completion of its Seed round financing. This round of financing was participated in by TBV, Cogitent Ventures, X21 Digital, CGV FoF, K24 Ventures, LandScape Capital, and others.Fortune is a new generation Web3 financial protocol focused on building and innovating liquidity infrastructure for prediction markets. The funds raised in this round will be used to accelerate the development of Fortune's AI prediction tools and large-scale prediction models, promoting further development of the protocol in terms of technology, products, and ecosystem.

Stablecoin bank Augustus has obtained a federal banking license issued by the Office of the Comptroller of the Currency (OCC), becoming the eighth institution to receive this license since 2010, and has simultaneously completed a $40 million financing round, with investors including Valar Ventures, Creandum, Ramp, Deel, and the founder of Circle.

According to a report by The Block, the crypto security firm CertiK released a report today indicating that in the first four months of 2026, there have been 34 confirmed cases of crypto "ransom attacks" globally (i.e., offline physical assaults and extortion targeting crypto asset holders), an increase of 41% compared to the same period in 2025, with total losses for victims amounting to approximately $101 million. If the trend continues, the total number of incidents for the year is expected to reach around 130, with losses potentially soaring to hundreds of millions of dollars.In terms of geographical distribution, out of the 34 incidents, 28 (82%) occurred in Europe, with France being particularly notable, having recorded 24 incidents in just the first four months of 2026, surpassing the total of 20 incidents for the entire year of 2025. CertiK attributes this to France's hosting of flagship crypto companies like Ledger and Binance, frequent data breaches, and a prevalent culture of "showing off wealth and doxxing" within the community. In contrast, the number of reported incidents in the United States dropped from 9 in 2025 to 3 in the first quarter, while Asia saw a decrease from 25 to 2.Regarding attack patterns, CertiK pointed out that criminal groups have shifted to a "data-driven targeting" model, reducing the need for on-site reconnaissance by purchasing victims' names, addresses, and asset information from data intermediaries. This year, over half of the incidents involved threats or direct harm to victims' family members (spouses, children, elderly parents) as a means of exerting pressure. In terms of execution, small groups of 3 to 5 individuals typically operate through

The sports AI intelligent infrastructure platform Sportix announced the completion of a $3.2 million financing round. This round of financing was participated in by institutions such as Coinvestor Ventures, Animoca Brands, Becker Ventures, X21 Digital, and Alpha Capital.It is reported that Sportix is an intelligent platform built around sports events and athletes, aiming to integrate real-time data, AI predictive models, and market infrastructure into a unified ecosystem, providing users with structured and actionable sports intelligence.The funds from this financing round will be directly used to deepen the research and development of its AI aggregation engine, enhance the accuracy of MIE and PIS, and expand the scale of B2B APIs to empower a broader sports data ecosystem.