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Democratic Senator Jack Reed stated at the CLARITY bill hearing that Iran is using cryptocurrency to procure sensitive goods, and the drones they are acquiring are wreaking havoc in the Persian Gulf. Moreover, most of this funding has turned into stablecoins. If we truly support our military, we should cut off their (Iran's) funding sources.

The U.S. Senate Banking Committee is currently holding a key hearing on the Digital Asset Market Clarity Act (referred to as the Clarity Act), where the committee will discuss and vote on dozens of amendments and decide whether to advance the bill to the full Senate for consideration. The bill aims to clarify the regulatory authority of the SEC and CFTC over digital assets and establish a regulatory framework for the cryptocurrency market structure.During the meeting, Senator Cynthia Lummis stated that the Clarity Act is "one of the most challenging pieces of legislation" she has participated in, noting that the bill has undergone long-term bipartisan negotiations and involves issues such as stablecoin yields, anti-money laundering, and enforcement authority. Elizabeth Warren, on the other hand, stated that the bill is "not ready" and criticized it for having loopholes in anti-money laundering and sanctions enforcement. Additionally, the committee passed an amendment regarding an AI regulatory sandbox by a vote of 15 to 9, while Warren's proposed amendment concerning the sanctions authority over mixers like Tornado Cash was not passed, with a vote of 11 to 13.In the market, Bitcoin briefly surpassed $81,000 during the meeting, and the S&P 500 index also reached a historic high.

Delphi Digital published a report stating that the variable rate Series A perpetual preferred stock STRC of Strategy has an authorized issuance limit of approximately $28.3 billion. If this value is reached without expanding the limit, the accumulation rate of Bitcoin by Strategy may slow down.On Monday, Strategy purchased 535 Bitcoins for $43 million, with most of the funds raised through the sale of Class A common stock MSTR. Currently, Strategy's market net asset value is 1.25 times. Researchers pointed out that when mNAV is low, Strategy uses STRC as the main accumulation tool, and if mNAV expands, it may acquire Bitcoin through the sale of MSTR. Strategy has a cash reserve of $2.25 billion, and the next significant cash obligation will mature in September 2027.

According to Gate market data, Nvidia (NVDA.O) rose 2.6% in pre-market trading, indicating strong market performance.

According to Decrypt, Bank of England Executive Director Sasha Mills stated that the Bank of England views stablecoins as "a new form of currency" and will not "pick winners" between tokenized deposits and stablecoins. Mills mentioned that the Bank of England will open applications for "systemic stablecoins" by the end of the year, which are widely used for payments and may pose risks to financial stability, and will be regulated by the central bank.Matthew Long, Director of Payments and Digital Assets at the Financial Conduct Authority, stated that other stablecoins are regulated by the FCA, and there is still room for pound-denominated stablecoins to play a role. Mills also pointed out that 99% of stablecoins globally are dollar-denominated and do not comply with the U.S. GENIUS Act, and the UK is aligned with the U.S. on the timeline.

According to The Block, the monthly trading volume of decentralized exchanges (DEX) for Ethereum and Solana has both approached approximately $45 billion, with Solana's trading volume being only about 94% of Ethereum's, reaching a nearly 12-month low, significantly down from the 218% peak in January of this year.

Since BIT (formerly Matrixport) launched its U.S. stock business in February 2026, the user asset scale (AUM) has exceeded $200 million. According to the platform's records over the past 12 weeks, 98% of the capital inflow comes from stablecoin deposits (without card deposits).BIT builds a compliant path through licensed brokers, eliminating the cumbersome process of opening bank cards, allowing users to open a U.S. stock account in just 5 minutes and buy real U.S. stocks on the same day.Elio Cui, head of BIT's brokerage business, stated, "AI has made U.S. stocks the strongest asset for global wealth effects once again. Thanks to over 7 years of institutional service experience and the accumulation of compliance licenses, BIT has successfully bridged the gap between digital assets and traditional finance, helping investors quickly seize investment opportunities. Global asset allocation and capital deployment capabilities are becoming a fundamental skill for every investor. Those lacking this capability may be excluded from core asset opportunities."

Traditional financial giant Charles Schwab announced that Schwab Crypto accounts are now gradually opening to retail customers. The first batch of customers can trade Bitcoin and Ethereum on Schwab, managing them alongside other investment products.

According to The Block, Coinbase has expanded its on-chain loan products supported by cryptocurrency, adding support for Solana, allowing users to collateralize SOL to borrow up to $100,000.The loans are provided through the Morpho integration on Base, similar to collateralized loan products for Bitcoin, Ethereum, and others. A company spokesperson revealed that since its launch last year, Coinbase's total issuance of cryptocurrency collateralized loans has exceeded $2.3 billion, with Bitcoin collateralized loans accounting for $2.17 billion and Ethereum approximately $110 million.

Coinbase has expanded its on-chain crypto lending product, adding support for Solana (SOL), allowing users to borrow up to $100,000 by collateralizing SOL. This lending service is based on the integration of Coinbase with the DeFi lending protocol Morpho on the Base network, which previously supported collateralized lending for crypto assets like BTC and ETH.Ben Shen, Head of Financial Services and Loyalty Products at Coinbase, stated that the addition of SOL collateral is an important step for Coinbase to become "the best platform for trading and holding Solana," and reflects its strategy to build an "Everything Exchange." Data shows that since the launch of this crypto lending product last year, Coinbase's cumulative loan issuance has exceeded $2.3 billion. Among these, Bitcoin remains the primary collateral asset, with a cumulative loan amount of $2.17 billion; ETH collateralized loans are about $110 million, and XRP is $31.6 million, followed by assets like cbETH, DOGE, ADA, and LTC.Last month, Coinbase also expanded this lending business to the UK market, continuing to advance its on-chain financial services layout. Although Coinbase announced a net loss of $394.1 million in the first quarter last week and laid off about 14% of its workforce, CEO Brian Armstrong still stated that in the future "all finance will migrate on-chain," and Coinbase is positioning itself around this trend. Several institutions, including Bernstein, Benchmark, and Rosenblatt, have recently maintained a "buy" rating on Coinbase stock, with Bernstein believing that Coinbase is gradually validating the feasibility of its "Everything Exchange" strategy.

The Speaker of the Polish Sejm, Włodzimierz Czarzasty, announced that the parliament has officially begun reviewing four competing regulatory bills for crypto assets, following President Karol Nawrocki's veto of related legislation twice. This review involves multiple legislative proposals from the government, the presidential office, the Poland 2050 party, and the Confederation party, with a second reading vote expected to take place on Thursday. The core disagreement centers on the scope of the Polish Financial Supervision Authority (KNF) regarding account freezing powers and the maximum penalties for violations. The presidential draft sets the maximum fine at approximately 20 million zlotys (about 5.5 million USD), while the Ministry of Finance's version raises it to 25 million zlotys (about 6.9 million USD).Meanwhile, the opposition Law and Justice party (PiS), after withdrawing support for earlier regulatory proposals, submitted a separate bill on Monday advocating for a complete ban on crypto asset-related activities in Poland, further complicating the regulatory discussion. Speaker Czarzasty stated that the PiS ban draft will enter the review process only after the four main regulatory bills are completed and questioned the connection between crypto industry funding and political activities, specifically inquiring about potential political financing issues, including those involving zondacrypto.

According to Token Terminal data, the tokenized platform xStocks has surpassed a total market capitalization of 100 million USD on Ethereum, growing by approximately 1000% year-to-date, primarily driven by STRCx.In addition, the asset market capitalization of xStocks on the BNB Chain has separately exceeded 30 million USD, mainly consisting of tokenized commodities such as copper, silver, platinum, and palladium.

According to Decrypt, USDC issuer Circle has launched the Agent Stack toolkit, allowing AI agents to autonomously hold funds, pay fees, and conduct transactions using USDC without human intervention. The core products include agent wallets, a command line interface, an agent marketplace, and a nano payment protocol that supports micro-transfers of $0.000001 without gas fees.Circle stated that traditional financial systems are designed for humans, and AI agents cannot operate independently, thus requiring a rebuild of the infrastructure. Circle co-founder Jeremy Allaire said that Agent Stack is the first financial services suite to treat AI agents themselves as clients.

According to CoinDesk, CoinShares data shows that last week, cryptocurrency funds saw a net inflow of $858 million, marking the fifth consecutive week of inflows and the largest single-week inflow since the end of April. Among them, Bitcoin funds attracted over $700 million in a single week, with a total inflow of $4.9 billion this year, indicating that institutional investors' demand for the cryptocurrency market continues to rise. Market analysts believe that expectations related to the Clarity Act have improved institutional sentiment.Currently, the BTC price remains above $80,000, and the market is focused on whether it can effectively break through the 200-day moving average located around $82,000. Marex analysts pointed out that if Bitcoin closes above $82,000 on a daily basis, accompanied by stable spot buying, it may initiate a new round of upward momentum.In terms of altcoins, SUI rose 12% in 24 hours to $1.26. Adeniyi Abiodun, co-founder of Mysten Labs, revealed that Sui plans to launch a confidential transaction feature this year to support fee-free privacy payments.In addition, Nasdaq-listed Sui Group Holdings (SUIG) previously announced that it has staked most of its SUI reserves, equivalent to a reduction of about 2.7% of the market circulation supply.

According to Fortune, OpenAI CEO Sam Altman shared his views at the Sequoia Capital AI Summit, noting significant generational differences in how users of different ages utilize ChatGPT. He stated that older users tend to use ChatGPT as a substitute for Google Search, while those in their twenties and thirties use it as a life advisor, and college students use it as a deeply integrated daily operating system.In the U.S., over one-third of young people aged 18 to 24 frequently use ChatGPT, leveraging its conversational memory feature for emotional advice, workplace negotiations, medical consultations, and even major life decisions. Sequoia Capital made its first investment in OpenAI in 2021, when the company was valued at $140 billion; after significant private equity financing, its current valuation has reached $852 billion.

a16z Crypto stated on platform X that the tokenization of real-world assets (RWA) has grown tenfold in two years, now exceeding $30 billion, with nearly half being U.S. Treasury bonds. This growth reflects the increasing demand from institutions to tokenize traditional financial instruments such as government bonds, commodities, stocks, and private credit.Although U.S. Treasury bonds currently dominate, this asset class is expanding, with more categories gaining significant shares in recent quarters.

According to crypto analyst Amr Taha, the Bitcoin reserves of Binance, OKX, and Gemini have significantly decreased since February, with a total outflow of nearly 100,000 BTC, worth over $8 billion, bringing reserves to their lowest level since 2023. Among them, Binance's reserves dropped from about 670,000 on February 21 to about 620,000 on May 7, OKX fell from about 132,000 on March 2 to about 102,000, and Gemini decreased from about 114,800 in early February to 95,000.At the same time, OTC balances continue to tighten, with the 30-day OTC balance change dropping to -24,940 BTC. On the demand side, the holdings of accumulator addresses increased by 60.5% within two weeks, reaching 264,000 BTC on May 6. Binance's seven-day net buying volume also shifted from about -$1 billion (seller-dominated) at the end of March to +$2.63 billion (buyer-dominated) on Thursday. Analysts point out that simultaneous outflows across multiple platforms are more indicative than those from a single platform, and the reduction in exchange inventories may amplify price reactions when strong spot demand returns.

According to monitoring by HyperInsight, as ETH fell below $2,300, the long positions held by Huang Licheng's address turned from profit to loss, with a total unrealized loss exceeding $930,000, including: · Long 18,000 ETH (approximately $41,100,000), unrealized loss of $1,060,000, liquidation price: $2,247.59; · Long 250 BTC (approximately $19,930,000), unrealized profit of $130,000, liquidation price: $77,168.1.

NEAR Protocol stated on platform X that the team is adding post-quantum cryptography support for the network. NEAR's account model is different from Bitcoin and Ethereum; accounts are decoupled from cryptography and controlled through rotatable access keys.The NEAR One team is adding the NIST-approved lattice-based signature FIPS-204 scheme as the first post-quantum signature option. Once launched, any NEAR account holder can rotate keys through a single transaction, achieving quantum safety. NEAR is also collaborating with software and hardware wallets to advance post-quantum support.Through the chain signature feature, NEAR can provide threshold signatures for over 35 chains. The NEAR Intents team is developing a quantum-safe cross-chain signature solution. If other chains progress slowly in adopting post-quantum cryptography, NEAR can offer a quantum-safe environment. Aspects such as consensus mechanisms, validators, block synchronization, and transaction signatures also need to evolve for the post-quantum era, with the goal of achieving a one-time future-compatible migration.

According to on-chain analyst Ai Yi's monitoring, sato has entered a new round of upward momentum. The top address runecrypto.eth spent 34.7 ETH to acquire 375,046 sato, with a cost of approximately $0.2186, realizing a floating profit of $398,000. The second address 0x313...6ABAe spent 35 ETH to acquire 350,000 sato, with a cost of approximately $0.2363, realizing a floating profit of $365,000.The third address 0x7F5...c8F2d is holding 260,969 sato. Both the first and second addresses directly purchased during the downward trend of sato through the sato bonding curve, with the market cap of sato once dropping below $3 million before breaking through to $40 million.