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Aleo released the privacy stablecoin white paper "Stablecoin Privacy," stating that the privacy layer is the key infrastructure missing for blockchain payment rails to be adopted by mainstream institutions. Aleo indicated that as the GENIUS Act provides opportunities for the widespread adoption of stablecoins, the issue of permanently public transaction information on public blockchains may still hinder institutions from using stablecoins in scenarios such as payroll, fund management, and vendor payments.Aleo claims that existing solutions do not adequately meet the needs of institutions in terms of privacy protection and risk management. The white paper proposes a permissionless private stablecoin architecture based on Aleo, which introduces programmable risk mitigation mechanisms while protecting transaction privacy through zero-knowledge technology and programmable smart contracts, allowing institutions to conduct private transactions without sacrificing compliance and risk control.It is reported that the team members behind this white paper have long been dedicated to research at the intersection of cryptography, policy, and financial systems. Aleo's Global Policy Director Yaya J. Fanusie, member of the Crypto Innovation Council and former Global Financial Crimes Compliance Officer at Coinbase Valerie-Leila Jaber, and cryptographer and Johns Hopkins University Computer Science Professor Matthew Green possess rare practical experience in private payments, financial regulation, and zero-knowledge cryptography.

Goldman Sachs announced a collaboration with fund service provider Apex Group, digital asset trading platform Archax, infrastructure provider Ownera, and real estate investment management company LRC Group to launch a blockchain-native real estate fund, further promoting the tokenization of real-world assets (RWA).The fund combines a traditional fund structure with a blockchain-native issuance model, with fund shares tokenized through Goldman Sachs' blockchain platform GS DAP. LRC Group serves as the fund manager, Archax is responsible for regulated digital securities custody and acts as the first distribution partner, while Ownera connects all participants and distribution channels.Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, stated that issuing blockchain-native fund shares through GS DAP allows for more precise investments in real estate assets and creates conditions for easier share transfers in the future.The market believes that as traditional financial institutions accelerate their layout, the tokenization of real-world assets such as real estate is gradually moving from conceptual exploration to practical application.

According to Jinshi reports, Federal Reserve Governor Barr stated that the current policy is in good shape and may be maintained for a period of time.

According to Onchain Lens monitoring, the "ShapeShift mysterious whale" has purchased 6,688 ETH in the past 8 hours, spending 12.78 million dollars. Currently, the whale holds 149,286 ETH, worth 277.59 million dollars, and may continue to buy more ETH.

According to monitoring by Onchain Lens, the mysterious whale of ShapeShift bought 2,078 ETH, worth 4.04 million dollars. Currently, this whale holds 144,675 ETH, worth 280.83 million dollars.

Circle released a quantum security white paper, proposing a phased upgrade plan covering Arc, USDC, smart contracts, and the validator system to address potential security risks posed by future quantum computing.

Circle released the "Post-Quantum Security White Paper," proposing a phased post-quantum resilience roadmap focused on the long-term security of the Arc blockchain ecosystem.The roadmap covers multiple technical directions, including quantum secure signatures, private execution environments, validator hardening, infrastructure migration, and account recovery, applicable to core components such as the Arc network, USDC, smart contracts, and validators.Circle stated that it plans to provide post-quantum signature support when the Arc mainnet launches (in 2026) to enhance the ecosystem's ability to respond to future quantum computing threats.

Yuga Labs CEO Michael Figge posted on the X platform that the team will make some adjustments to ApeCoin. Yuga Labs and ApeCo previously adopted a parallel coordination model due to unclear regulations, resulting in lower efficiency.As the regulatory environment changes, the team has decided to simplify the structure and eliminate the independent ApeCo leader role. ApeCo leader Cam will depart, and the core technology and BD teams of ApeChain will work directly with Yuga Labs, while other members will also leave, with the transition to be completed by June 5.

Morpho officially released the "Morpho Midnight White Paper," announcing the launch of a new non-custodial protocol designed specifically for the fixed-rate, fixed-term credit market. At the same time, the complete codebase of Midnight has been open-sourced, and developers can access it directly through GitHub.

a16z stated on social media that Ethereum continues to lead in the field of tokenized assets, consistent with its first-mover advantage in DeFi and institutional adoption. The current scale of tokenized assets on major blockchains is as follows:Ethereum: $15.7 billionBNB Chain: $4 billionSolana: $2.2 billionStellar: $1.7 billionLiquid Network: $1.5 billionXRP Ledger, ZKsync Era, Arbitrum: approximately $1 billion eacha16z indicated that tokenized assets are not concentrated on a single blockchain but are spreading across multiple blockchain ecosystems based on standards such as cost, liquidity, compliance requirements, and market entry relationships, forming a multi-chain coexistence pattern.

According to Jinshi reports, Federal Reserve's Barkin stated that the current policy is in good shape to handle ongoing shocks. So far, long-term inflation expectations seem to remain within a controllable range.

Lighter officially stated on X that it has completed the escape mechanism verification conducted by the third party L2BEAT, which means that even if the sequencer at the L2 level fails, users can withdraw funds from Lighter's L2 back to Ethereum in a permissionless manner. It is the first L2 Perp DEX in the industry to achieve this functionality.

According to Onchain Lens monitoring, during the rapid market decline, the ShapeShift mysterious whale invested $5.88 million to buy the dip of 2,656 ETH. This giant whale now holds 129,667 ETH, worth $274.78 million. It is worth noting that this giant whale was previously thought to be associated with ShapeShift founder Erik Voorhees, but he has since denied it.

According to a16z crypto, on May 14, the U.S. Senate Banking Committee voted in a bipartisan manner to advance the "Digital Asset Market CLARITY Act" (CLARITY), marking a historic step in the legislative framework for the U.S. crypto market. The CLARITY Act aims to establish a clear regulatory framework for blockchain networks and digital assets, with core content including: clarifying the regulatory boundaries between the SEC and CFTC regarding crypto assets, regulating the operations of crypto exchanges, protecting consumer rights, and providing a clear path for compliant operation of blockchain networks in the U.S.a16z pointed out that the U.S. has relied on "regulatory enforcement instead of legislation" over the past decade, which not only distorts the market and stifles innovation but also gives rise to a large number of regulatory arbitrage activities, leading many crypto projects to move overseas. The bill references the 2024 FIT21 Act and the 2025 House version of the CLARITY Act, and further improves upon them. Currently, the two drafts from the Senate Banking Committee and the Agriculture Committee will be merged into a unified bill, which will be submitted for a full Senate vote, and after passing, will also require approval from the House of Representatives and the President's signature to officially take effect.a16z compares this legislative progress to the historical significance of the 1933 Securities Act and cites the precedent of explosive growth in the industry following the passage of the GENIUS stablecoin bill, believing that once CLARITY is implemented, it will usher in a new wave of innovation for the U.S. crypto industry.

According to the Arc white paper released by Circle, the Arc mainnet is expected to launch in the summer of 2026, with the testnet having started in October 2025. As of May 5, 2026, it has processed a total of 244.1 million transactions. Arc is positioned as an institutional-focused public Layer 1 blockchain, compatible with EVM, natively integrated with USDC, supporting sub-second deterministic settlement, stablecoin-priced gas fees, and configurable privacy features. Cross-chain transfers are completed through Circle CCTP.The white paper also reveals that the initial supply of the native token ARC is 10 billion, with 60% allocated to ecosystem development, 25% belonging to Circle, and 15% reserved for long-term holdings.

a16z Crypto published an article explaining the investment logic behind Arc, pointing out that stablecoins have evolved from tools for crypto trading to a core layer of global financial infrastructure, driving the upgrade of blockchain from "application layer finance" to "system-level economic operating systems."The trading volume of stablecoins reached approximately $9 trillion last year, placing them on the same scale as global payment networks like Visa and PayPal. The total supply of US dollar stablecoins has also exceeded $270 billion, with cross-border payments, B2B settlements, and foreign exchange trading becoming the core use cases for stablecoins, gradually making them the "upgrade layer for global capital flows."a16z Crypto stated that the existing blockchain infrastructure is still primarily aimed at crypto-native users and individual developers, lacking native support for large institutional-level demands. The reason for participating in the ecosystem construction related to ARC tokens is mainly due to the gradual on-chain transition of global finance; in the future, only a few public chains will be able to support the "on-chain economic system foundation."

According to on-chain analysis platform Lookonchain (@lookonchain), Garrett Jin (#BitcoinOG1011short) has deposited the remaining 225,627 ETH (approximately 528.19 million USD) into Binance.So far, he has deposited a total of 577,896 ETH into Binance within 4 days, with a total value of approximately 1.35 billion USD. Relevant data shows that most of this batch of ETH was exchanged from BTC over 8 months ago, when the ETH price was around 4,591 USD; based on the current situation, his paper loss is approximately 1.3 billion USD.