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According to CoinDesk, after KelpDAO was attacked resulting in a loss of $292 million, the industry's scrutiny of the security of cross-chain infrastructure continues to heat up, with approximately $4 billion in assets having completed or currently migrating from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP).The DeFi protocol Lombard is the latest project to join this migration trend. The protocol announced it would abandon LayerZero and migrate over $1 billion in Bitcoin-backed assets to Chainlink CCIP, stating that this decision stemmed from a comprehensive internal security review following the April attack incident.Lombard issues two types of Bitcoin-backed tokens—LBTC and BTC.b—and will prioritize the migration of assets on chains such as Solana, Etherlink, Berachain, Corn, and TAC, while terminating the use of LayerZero on Morph and Swell. Lombard stated that the reason for choosing CCIP is its independent node operators, built-in rate limiting mechanisms, and audited infrastructure. Additionally, the protocol will adopt Chainlink's cross-chain token standard to achieve asset cross-chain circulation through a burn-and-mint model.Previously, Kelp DAO, Solv Protocol, Re, and the cryptocurrency exchange Kraken have all completed similar migrations, with these projects collectively transferring approximately $4 billion in assets. Chainlink Labs Chief Business Officer Johann Eid stated, "We are witnessing a continued wave of risk-averse migration within the industry."

According to Aastocks, the tokenized financial market infrastructure Digital Asset Clearing Center (DACC) announced the completion of a $10 million strategic financing, 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.

Kelp announced on platform X that the rsETH protocol has fully resumed normal operation, and the related functions have been re-launched on the mainnet and all Layer 2 networks, with the overall system status restored to normal levels. The rsETH exchange rate has been updated, accounting for all staking reward earnings accumulated during the suspension period. Meanwhile, EIGEN rewards are now open for distribution to rsETH holders, covering the entire suspension period.In addition, the deposit and withdrawal functions have been restored on the mainnet and Layer 2 networks, and the rsETH asset support status has been fully restored to 100% backing. The official emphasized that the current rsETH has achieved complete and sufficient support on the mainnet and L2 networks, and all operational processes have returned to normal.

According to Cointelegraph, after the U.S. stock market opened, Bitcoin quickly fell, briefly dropping below the $79,000 mark, with a daily decline of about 3%, reaching a low not seen since May. The market generally believes that this round of correction is closely related to the sell-off of risk assets triggered by the surge in U.S. Treasury yields. Data shows that the yield on the U.S. 10-year Treasury rose above 4.55%, reaching a nearly one-year high, raising concerns in the market about tightening liquidity and the reassessment of risk assets.Analysts pointed out that this level had previously triggered adjustments in U.S. stocks and policy expectations last year, and it has now become a key pressure signal again. Trading firm The Kobeissi Letter stated that the "crisis-like rise" in the U.S. Treasury market is intensifying, with long-term high interest rate expectations heating up. The market has begun to factor in the possibility of future rate hikes, leading to a rapid cooling of the previous "euphoric sentiment" in risk assets.From a technical perspective, analysts believe that after multiple rejections of resistance above $82,000, the support structure for Bitcoin is weakening, and it may retest the $75,000--$77,000 range in the short term, as the market enters a phase of range-bound fluctuations and directional choices.

"On-chain detective" ZachXBT stated that the hacker "Dritan Kapplani Jr" transferred approximately $2.59 million in assets, including 1.99 million DAI and 259 ETH. The related funds were transferred from address 0x4487...bba6 to address 0x67ec...125d, and the stolen funds are currently in a stagnant state.ZachXBT indicated that it released an investigation report on May 12, detailing the connections between Dritan Kapplani Jr and Trenton (Trent) Johnson in a social engineering theft case involving 185 bitcoins (approximately $13 million).

According to on-chain analyst PeckShield (@PeckShieldAlert), THORChain was hacked, resulting in a loss of approximately $10 million in crypto assets, including 36.75 BTC (about $3 million) and assets worth about $7 million from BNBChain, Ethereum, and Base chains.

Strategy's preferred stock STRC recorded a record trading volume on Thursday, with a transaction amount reaching $1.53 billion, more than quadrupling the average over the past 30 days. Reports indicate that this peak in trading mainly occurred on the eve of the ex-dividend date, with a large number of trades priced at or above the $100 par value level. STRC currently offers an annualized cash dividend of approximately 11.5%, paid monthly.The high trading volume propelled Strategy to complete a new round of Bitcoin accumulation through its ATM (at-the-market) financing mechanism, purchasing approximately 11,707 BTC, allowing the company to continue expanding its position as the largest publicly traded Bitcoin holder in the world. Market data shows that STRC slightly retreated by about 1% in pre-market trading after entering ex-dividend trading, approaching the trading range just below $100, consistent with the usual price adjustment pattern for dividend-paying assets after the ex-dividend date. During the same period, the price of Bitcoin slightly weakened to around $80,500, and Strategy's common stock also fell by about 2%, reflecting the continued significant correlation between cryptocurrency assets and the company's stock price.

The South Korean cryptocurrency exchange Upbit announced that due to the hard fork upgrade of the Polygon network, it will suspend the deposit and withdrawal services for related assets starting from May 21, 2026, at 20:00 (KST), until the network stability is restored.The affected assets include Polygon Ecosystem Token (POL), STEPN (GMT), and NFT assets based on the Polygon network.The announcement stated that this suspension only involves on-chain deposit and withdrawal functions, and spot trading will not be affected.Upbit reminds users that transfers made before and after the suspension may experience delays or may not be credited, and related processing will be carried out in order after the network is restored.

According to Money Today, the Financial Services Commission of South Korea will announce detailed rules for tokenized securities in July, preparing for implementation in February next year. The country's financial authorities will allow the issuance of fragmented investment securities by bundling various underlying assets and will develop a roadmap for the tokenization of traditional securities such as stocks and bonds.The Financial Services Commission stated that previously it was prohibited to bundle underlying assets for the issuance of fragmented securities, but now it plans to allow bundling of similar assets within a certain scope. The Commission emphasized that market order and investor protection are fundamental prerequisites, but regulation will not be the primary focus. The annual investment limit for fragmented investment securities issuance platforms is set at 10 million to 20 million Korean won, with crowdfunding limited to 5 million won per project, totaling 10 million won. The annual selling limit for over-the-counter trading of non-listed stocks is 300 million won, while for investment contract securities in over-the-counter trading, it is 40 million won.

According to CoinDesk, the U.S. law firm Charles Gerstein has filed a petition in the Manhattan federal court, requesting an order for Tether to transfer over $344 million of frozen USDT to victims holding judgments against Iran for unpaid terrorism claims. These USDT were previously frozen by Tether after the U.S. Treasury Department's Office of Foreign Assets Control identified the related Tron wallets as belonging to the Islamic Revolutionary Guard Corps of Iran.The plaintiffs argue that since OFAC has designated the relevant wallets as owned by the Iranian Revolutionary Guard Corps, and Tether has frozen the related tokens, Tether can fully reissue an equivalent amount of USDT to a wallet controlled by the victims' attorney. This case is part of a broader legal strategy by Charles Gerstein aimed at leveraging the ability of crypto platforms to freeze and transfer digital assets to enforce terrorism-related judgments. Unlike the Arbitrum case involving North Korean-linked hacker funds, in this case, OFAC has clearly designated the relevant wallets as owned

According to official news, Gate Europe CEO Giovanni Cunti attended the Digital Assets Forum 2026 held in Malta on May 14 and participated in a roundtable discussion titled "Do We Need a MiCA 2.0? The Industry's Perspective," alongside OKX CEO Erald Ghoos, Crypto.com Executive Vice President Mariana Kushev, and Blockchain.com Non-Executive Director and European Policy Advisor Giles Swan. They discussed the regulatory practices, industry opportunities, and future development directions of the European crypto industry following the implementation of MiCA.Giovanni shared the phased achievements of Gate Europe in advancing the compliance process in Europe, as well as the challenges and opportunities the industry faces under the MiCA framework. He stated that Gate will continue to be at the forefront of compliant crypto asset service providers in Europe and actively promote the standardized development of the industry.As an important forum focusing on European digital asset regulation and industry trends, the Digital Assets Forum 2026 gathered regulators, industry executives, and practitioners to review the key progress made in the 18 months since the implementation of MiCA. Currently, Gate's Malta company, Gate Europe, has obtained European MiCA and PI licenses under the supervision of the Malta Financial Services Authority (MFSA). As the European digital asset regulatory framework matures, Gate is deepening its compliance layout in the European market and enhancing its influence in the global digital asset industry through active participation in industry dialogue and regulatory practices.

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.

According to a report by Cointelegraph, a report released by cybersecurity company CrowdStrike shows that losses from cryptocurrency assets caused by North Korean hackers and threat actors exceeded $2 billion in 2025, a 51% increase year-on-year, despite a decrease in the number of attacks. CrowdStrike stated that North Korean hackers are the largest threat organization targeting cryptocurrency users, and the stolen funds are almost certainly used to finance the regime's military programs.Attackers prioritize high-value targets, mainly focusing on Web3 projects and cryptocurrency exchanges, as stolen funds are easier to cash out and transfer anonymously. In April of this year, the Ethereum Foundation identified 100 North Korean hackers, and the Drift Protocol was infiltrated by North Korean tech workers, resulting in a loss of $280 million, with these threat actors establishing face-to-face relationships through third-party intermediaries.

According to CoinDesk, Bitcoin treasury company Strive announced that its perpetual preferred stock SATA will pay cash dividends on each trading day starting from June 16, becoming the first listed security in the history of the U.S. capital markets to achieve daily dividend payments.Strive CEO Matthew Cole described this move as "an innovation from zero to one." The annualized dividend yield of SATA is 13%, and after converting to daily payments, the effective annualized yield increases to approximately 13.88%. Currently, Strive has zero debt and holds 15,009 bitcoins, ranking ninth in global listed companies' bitcoin reserves.

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.

USDC issuer Circle announced further deepening of its cooperation with Hyperliquid, becoming the technical deployment partner for USDC on Hyperliquid and positioning USDC as an Aligned Quote Asset. Hyperliquid, as a high-performance on-chain trading platform, is expanding from perpetual contracts to outcome-based markets, with USDC continuing to serve as the primary collateral and quote asset to support liquidity, collateral management, and cross-chain capital flows.Circle is responsible for providing reliable minting, redemption, and cross-chain transfer infrastructure, allowing USDC to play a more central role in new markets. Circle also announced an increase in financial investment in the Hyperliquid ecosystem: following the initial purchase of HYPE tokens in September 2025, it has staked an additional 500,000 HYPE tokens, further aligning the interests of both parties and moving towards becoming a validator.

Coinbase has announced that it has become the official treasury deployer of USDC on Hyperliquid, using it as an aligned quote asset. As part of the transition, Native Markets has reached an agreement granting Coinbase the right to purchase USDH branded assets. The USDH market will gradually close, during which users can still exchange USDH for USDC or fiat currency without fees. Currently, the scale of USDC on Hyperliquid is approximately $5 billion, a year-on-year increase of 2 times. This integration aims to strengthen USDC's position as the preferred stablecoin in on-chain capital markets, further unify global markets, and enhance capital efficiency.

According to The Block, the T3 Financial Crime Unit (T3 FCU), jointly established by Tether, TRON, and TRM Labs, announced that since its establishment in 2024, it has frozen over $450 million in illegal crypto assets globally.The unit intercepted illegal proceeds in 2025, with a year-on-year increase of 43.9%, covering 23 jurisdictions including the United States, Spain, and Germany, and was recognized by the Financial Action Task Force (FATF) as "an important resource for global law enforcement agencies."T3 FCU has participated in various criminal investigations, including exchange hacks, North Korea-related activities, terrorist financing, and violent crime cases, and assisted the Brazilian Federal Police in freezing over $5.989 billion in assets, including 4.3 million USDT.