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Polymarket announced the latest developments and feature updates, including the launch of measures to mitigate latency spam to ensure order placement and cancellation operations, fixing the "insufficient balance/authorization" error, and another core issue affecting limit buy orders is expected to be resolved in the coming days.In addition, Polymarket stated that it has identified and banned multiple clusters of ghost-fill accounts, which were all created before the deposit wallet system went live. Currently, any occurrence of ghost-fill behavior will be identified and banned, and the deposit wallet system will also prevent the continued bulk creation of new accounts. More updates will be released in the coming week to address previously outstanding issues.

Polymarket announced the latest progress on feature updates, including the launch of measures to mitigate latency spam to ensure order placement and cancellation operations, fixing the "insufficient balance/authorization" error, and another core issue affecting limit buy orders is expected to be resolved in the coming days.In addition, Polymarket stated that it has identified and banned multiple clusters of ghost-fill accounts, all of which were created before the deposit wallet system went live. Any account exhibiting ghost-fill behavior will be identified and banned, and the deposit wallet system will also prevent non-compliant accounts from continuing to create new accounts in bulk. More updates will be released in the coming week to address previously outstanding issues.

According to BusinessWorld, the Central Bank of the Philippines has warned the public and cryptocurrency users not to trade with unauthorized virtual asset service providers, as this may lead to financial losses due to fraud, security vulnerabilities, and operational failures.The central bank stated that unauthorized VASPs also pose risks such as lack of legal recourse, absence of consumer assistance mechanisms, poor service quality, false advertising, improper handling of private keys, cybersecurity incidents, and data privacy issues. Additionally, access may be restricted due to government enforcement actions against illegal operations. The Central Bank of the Philippines has committed to continuing cooperation with the Securities and Exchange Commission, the National Telecommunications Commission, and other departments to restrict access for Philippine users to unauthorized VASP platforms, and urges consumers to protect personal information, maintain cybersecurity hygiene, and only trade with licensed institutions.

According to Jinshi reports, Bank of America’s latest forecast shows that the Federal Reserve will delay interest rate cuts until the second half of 2027, primarily due to high inflation levels and strong employment growth. Bank of America economists stated, "We no longer expect the Federal Reserve to cut rates this year." At the same time, they pointed out that multiple shock factors affecting the economy, including the Iran war, tariffs, and the rise of artificial intelligence, make predicting interest rate changes more difficult.

According to a Reuters report, Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, stated during her testimony in the Senate that the design work for Canada's stablecoin regulatory framework is fully underway and is expected to be launched in mid to late 2027.She noted that the previously planned target for early 2027 was rather ambitious.

According to Bitcoin.com, the Venezuelan government has reiterated a nationwide ban on cryptocurrency mining to address the current energy crisis.The country's national power system peak demand reached 15,579 megawatts, a new high in nine years, with officials attributing this electricity peak to a persistent heatwave and national economic growth. The statement emphasized that "digital mining is absolutely prohibited nationwide," and violators will face legal sanctions. Authorities have developed a supervision plan to enforce this ban.

According to crypto journalist Eleanor Terrett, the U.S. Senate Banking Committee will review H.R.3633, the "2025 Digital Asset Market Clarification Act," at 10:30 AM Eastern Time on May 14. Committee members will vote on the bill text and related amendments at that time.If the bill is passed, the Banking Committee version will be merged with the portion handled by the Senate Agriculture Committee into a final version, which will then be submitted for a full Senate vote.

According to Jinshi reports, ECB Governing Council member Nagel stated on Friday that due to the Iran war, the European Central Bank is "highly vigilant" about rising inflation risks and will take action as needed to prevent rising energy costs from spreading more broadly to prices. Nagel emphasized that although the medium-term impact of the conflict on inflation is "still difficult to assess," policymakers are prepared to respond to ensure that energy-driven price increases do not spread and become entrenched.

SoftBank Group is scaling back a financing plan that used OpenAI equity as collateral, which was originally intended to raise about $10 billion in margin loans, and is now likely to be reduced to around $6 billion.It is reported that some lenders have expressed concerns about the transaction structure and the reliability of OpenAI's valuation as a private company, which has become one of the key factors hindering the progress of the financing. The loan was initially designed to use the OpenAI equity held by SoftBank as collateral, with a term of two years that could be extended by one year, aimed at further expanding its investment layout in the field of artificial intelligence.

According to Reuters, the Bitcoin Initiative, which aimed to push the Swiss National Bank to include Bitcoin in its reserves, is expected to be terminated due to its failure to obtain the 100,000 signatures required to trigger a referendum.As the 18-month collection period nears its end, the initiative has only gathered about half of the signatures. The Swiss National Bank reiterated that the price volatility of cryptocurrencies and insufficient market liquidity do not meet its foreign exchange reserve requirements. Yves Bennaim, founder of the Bitcoin Initiative, stated that although the initiative will become invalid, related discussions have made some progress.

Deutsche Bank, with total assets of $2.1 trillion, disclosed an increase in its holdings of Strategy stock by 53,215 shares, valued at $9.5 million. It currently holds a total of 784,919 shares of Strategy stock, with a total holding value of $140 million.

According to Bloomberg, ECB President Lagarde stated that even euro-denominated stablecoins pose risks to financial stability and the transmission of monetary policy, questioning the necessity of introducing such tools.She pointed out that while euro stablecoins could lower financing costs in the euro area and enhance the global appeal of the euro, the costs are significant and outweigh short-term benefits. Lagarde emphasized that if the goal is to enhance the international appeal of the euro, stablecoins are not an effective means. She referenced a working paper from the ECB in March, which warned that the widespread adoption of stablecoins would pose significant risks to euro area banks and monetary sovereignty. She stated that Europe's task is not to "replicate tools developed elsewhere" and continues to push for the introduction of a digital euro.

According to crypto journalist Eleanor Terrett, multiple industry insiders have revealed that the Senate Banking Committee may notify about the review of the CLARITY Act as early as tomorrow and has distributed the legislative draft text to some industry members, with a vote expected next Thursday.Insiders stated that the language of the draft is still being finalized, and additional revisions are anticipated to reflect the priorities of the Democratic office. One insider, after reviewing the bill and coordinating with industry leaders, indicated that the overall atmosphere is currently positive, but some terms in parentheses have raised concerns, and some key provisions that were previously thought to be resolved may still be subject to change.

According to CoinDesk, Anchorage Digital CEO Nathan McCauley stated at the Consensus conference that since the passage of the GENIUS Act, about 20 financial institutions and large tech companies are lining up to issue their own stablecoins through Anchorage.He mentioned that Anchorage has won authorization for all major stablecoin issuances in the market, with clients including banks looking to achieve specific goals and stablecoin issuers with distribution channels. McCauley believes that agency business is reshaping the industry landscape, and stablecoins and digital assets are reconstructing money itself, a trend that is still severely underestimated by the market.

According to Jinshi News, ECB Executive Board member Schnabel stated that if the Iran war leaves a more lasting mark on inflation, the European Central Bank will have to raise interest rates. She pointed out that businesses are planning to raise prices, supply chains are facing disruptions, and households are adjusting their expectations. Schnabel emphasized that if the energy price shock expands, monetary policy will need to tighten to curb the risks to medium-term price stability. She also mentioned that protecting the independence of the central bank is crucial in order to tighten policy when necessary.

According to Bloomberg, Poland's largest digital asset trading platform Zondacrypto has stated that it is on the verge of bankruptcy after attracting approximately $100 million in deposits from Polish users and has stopped providing services for customer accounts.The Polish national prosecutor's office has launched an investigation into suspected fraud against it. The report notes that Zondacrypto is registered in Estonia, and its bankruptcy crisis is putting political pressure on Donald Trump's allies in the Polish presidential office.

The Bank of New York Mellon, with assets under management of $2.1 trillion, disclosed that it has increased its holdings by 101,810 shares (worth approximately $18.7 million) of Strategy stock, bringing its total holdings to 1 million shares, valued at approximately $187.2 million.

According to Jinshi reports, ECB Governing Council member Kocherl stated that if the inflation situation does not improve, the European Central Bank will consider raising interest rates in the coming months.

According to CoinDesk, the world's largest custodian bank, BNY Mellon, is expanding its digital asset custody business in the Abu Dhabi Global Market through local partners Finstreet and ADI Foundation.The initial phase of the plan will focus on custody services for Bitcoin and Ethereum, with future expansion to stablecoins and tokenized assets. Hani Kablawi, Executive Vice President of BNY Mellon, stated that the UAE is entering a new phase of financial development, and the bank is committed to connecting traditional and digital financial ecosystems.