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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.

Driven by optimistic expectations for an extended ceasefire agreement between the U.S. and Iran, the U.S. stock and oil markets continued to strengthen this week. The S&P 500 index rose for the ninth consecutive week, setting the longest winning streak since 2023; Brent crude oil stabilized around $92 per barrel. However, the cryptocurrency market failed to follow the rise of macro risk assets. Over the past week, Bitcoin fell 2.6% to $73,445, Ethereum dropped 2.5% to $2,011, Solana decreased by 2.2%, and TRX saw a decline of 5.6%, making it one of the weakest tokens among the top ten cryptocurrencies by market capitalization. Market analysts believe that the cooling inflow of funds into spot Bitcoin ETFs is putting pressure on coin prices.In contrast, some small and mid-cap tokens performed remarkably well. Among them, the native token of Hyperliquid, HYPE, surged 19.4% this week to around $65, becoming the biggest highlight in the market. Previously, Intercontinental Exchange (ICE) CEO Jeffrey Sprecher referred to Hyperliquid as "a bigger opportunity than Nasdaq" at the Bernstein conference, further boosting market sentiment. Additionally, BNB rose 1.9% this week, XRP increased by 0.7%, and DOGE remained basically flat.On the macro level, U.S. President Trump stated that a final decision on the U.S.-Iran ceasefire memorandum is close, but he still insists on Iran abandoning its nuclear program, handing over its enriched uranium stockpile, and opening the Strait of Hormuz. Market participants believe that due to significant differences between the two sides on key issues, the current rebound in risk assets remains relatively fragile, and any negative news regarding the Iran negotiations could trigger a reversal in market sentiment.

The Financial Intelligence Unit (FIU) of South Korea plans to no longer advance the mandatory suspicious transaction reporting (STR) requirements for large cross-border virtual asset transfers and personal wallet transfers, but will continue to expand the regulatory coverage of the Travel Rule and further strengthen the tracking of digital asset transactions.

The probability of "Selling Bitcoin before May 31" on Polymarket has dropped to 23%, a 17% decrease in 24 hours. Additionally, the probability of selling before June 30 is 67%, a 6% decrease in 24 hours; the probability of selling before December 31 is 88%, a 3% decrease in 24 hours. Today, Strategy withdrew 411 BTC from Coinbase, the same amount that was deposited the previous day, suspected to dispel rumors of selling coins.According to market news, Odaily Seer’s prophet channel continues to pay attention to the prediction market, noticing changes before pricing.

According to The Defiant, the Chicago Mercantile Exchange Group (CME Group) announced a comprehensive upgrade to its cryptocurrency derivatives business, with Bitcoin and Ethereum futures and options products now supporting 24/7 trading, eliminating the previous fixed trading hours.This move aims to align with the around-the-clock nature of the spot market, providing a more flexible trading environment for institutional and retail traders, and is expected to further enhance trading volume and price discovery efficiency.

According to Decrypt, a former Ukrainian police officer kidnapped a cryptocurrency entrepreneur and extorted approximately $2.2 million through violence, intimidation, and false debt claims. Prosecutors stated that the gang targeted at least four victims and committed crimes using law enforcement methods, official vehicles, and impersonating police officers. The Kyiv regional prosecutor's office announced that the pre-trial investigation has been completed, and the gang includes four former police officers and one previously convicted civilian, but none of them have been formally charged for these attacks yet. This case comes amid a global surge in "ransomware attacks" in the cryptocurrency space, where criminals use violent coercion to steal digital assets.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.668 billion, with long positions totaling $2.298 billion, accounting for 49.23% of the holdings, and short positions totaling $3.7 billion, accounting for 50.77%. The profit and loss for long positions is $6.8526 million, while the profit and loss for short positions is -$76.6692 million.Among them, the whale address 0x8def..ae has shorted HYPE with a 5x leverage at a price of $45.5093, currently showing an unrealized profit and loss of -$34.9676 million.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0047%. Among the current mainstream exchanges, the rate on Binance is 0.0046%, OKX is 0.0071%, Bybit is 0.0021%, and Gate is 0.0049%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0021%. Among the current mainstream exchanges, the rate for Binance is 0.0035%, OKX is 0.0028%, Bybit is 0.007%, and Gate is 0.0035%.

According to Gate market data, U.S. stocks closed higher on Friday, with the Dow Jones Industrial Average initially rising by 0.72%, the S&P 500 index up by 0.22%, and the Nasdaq up by 0.2%. IBM rose over 12%, Qualcomm rose over 3%, and Oracle rose over 10%. The Nasdaq China Golden Dragon Index closed flat, with Baidu up 2.4% and Alibaba down 1.5%. The S&P 500 index has risen 5.15% this month, the Nasdaq has risen 8.36%, and the Dow has risen 2.78%. The S&P 500 index has risen for the ninth consecutive week, setting the longest consecutive increase record since December 2023.

According to Jinshi reports, Federal Reserve's Daly stated that restoring price stability is crucial, but this goal cannot come at the expense of harming the economy.

The U.S. Securities and Exchange Commission (SEC) announced the indictment of Texas resident Nathan Fuller, accusing him of committing fraud through a cryptocurrency trading scheme, raising approximately $12.3 million from about 150 investors. The SEC pointed out that Fuller sold related investment products to investors through entities such as Privvy Investments from October 2022 to mid-2024, claiming to use a self-developed AI trading robot for high-frequency arbitrage trading in cryptocurrency assets.According to the indictment, Fuller promised investors returns of over 40%-50% within 30 to 45 days and claimed that guaranteed returns of over 100% could be achieved in as little as 21 days. The SEC stated that the AI trading robot did not operate as advertised, Fuller misappropriated at least $6.2 million of investor funds for personal expenses, and used approximately $5.5 million for payouts similar to a Ponzi scheme, while misleading investors through forged account statements and false documents.

U.S. SEC Chairman Paul S. Atkins stated during a speech at the 2026 Reagan National Economic Forum that the U.S. Securities and Exchange Commission is advancing the "New Era of the SEC" regulatory reform, focusing on modernizing digital asset regulation, promoting the development of on-chain capital markets, and supporting the U.S. to become a "global crypto hub."Paul Atkins criticized the previous SEC's "regulatory hostility" towards the digital asset industry, stating that a large amount of crypto innovation was forced to move overseas as a result. He mentioned that with the support of the Trump administration, the SEC has launched "Project Crypto" and is collaborating with the U.S. Commodity Futures Trading Commission to promote on-chain market infrastructure and coordinate crypto regulation.The SEC has recently clarified which digital assets are considered securities and which are not, and is advancing an innovative exemption mechanism for "tokenized listed securities," while also studying how on-chain trading systems can fit within the existing regulatory framework.In addition, Paul Atkins emphasized that the SEC will reduce "over-disclosure" and regulatory burdens, promoting the "Make IPOs Great Again" reform, which includes lowering compliance costs for listed companies, increasing IPO flexibility, and formally proposing the repeal of climate disclosure rules introduced during the previous administration. The future of the U.S. capital markets should be built on a foundation of "free markets and innovation-driven" principles, and the role of regulatory agencies should be to provide clear rules and legal certainty, rather than suppressing technological development.

According to Coinglass data, the current average funding rate for ETH across the network over 8 hours is 0.0052%. Among the current mainstream exchanges, the rate on Binance is 0.0066%, OKX is 0.007%, Bybit is 0.0072%, and Gate is 0.003%.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is 0.004%. Among the current mainstream exchanges, the rate on Binance is 0.0067%, OKX is 0.005%, Bybit is 0.0026%, and Gate is 0.0039%.

According to an official announcement from Coinbase, Coinbase Financial Markets has become the first and only futures commission merchant (FCM) regulated by the CFTC in the United States, officially providing U.S. institutional clients with access to the global cryptocurrency derivatives market.Previously, U.S. users lacked compliant channels to access the global cryptocurrency derivatives market (which accounts for about 80% of global cryptocurrency trading volume). Currently, the open interest in Deribit Bitcoin options has exceeded $31 billion.With this launch, institutional clients can access international platforms such as Deribit through a single compliant channel, without the need to establish offshore entities. Retail user access services will also be launched soon.

According to FinanceFeeds, Grayscale is in talks with Hyper Holdings Global LP to sell its proposed Hyperliquid ETF shares in exchange for approximately 2 million HYPE tokens, valued at about $115 million at current prices, to serve as seed capital before the fund's listing.Meanwhile, Grayscale has renamed the product to "Grayscale Hyperliquid Staking ETF," intending to list it on NASDAQ under the ticker HYPG, with the added staking feature distinguishing it from a spot ETF that simply tracks token prices.

According to Reuters, private equity giant Apollo Global Management and Blackstone Group are bringing in more investors for a debt financing deal worth approximately $36 billion to help Anthropic build its artificial intelligence infrastructure.Insiders revealed that this debt financing will be used to purchase Google-customized TPU (Tensor Processing Unit) chips, which will then be leased by Anthropic. Broadcom, which assisted Google in developing the chips, will provide guarantees for the majority of the funds in this transaction.This move is expected to become one of the largest private credit transactions in history and may also be the largest chip financing debt transaction to date. The plan aims to provide computational power support for Anthropic by leveraging Broadcom's creditworthiness.

The U.S. Commodity Futures Trading Commission (CFTC) has jointly issued staff guidance from its divisions of Market Oversight, Clearing, and Risk, addressing regulatory expectations and compliance requirements for the increasingly prevalent 24/7 trading, clearing, and settlement models, encouraging market innovation while ensuring compliance.The guidance emphasizes that regulated trading platforms, swap execution facilities, derivatives clearing organizations, and futures brokers must comply with the Commodity Exchange Act (CEA) and related regulatory rules when expanding around-the-clock trading, and must proactively assess risk management and operational arrangements.The CFTC points out that the adaptability of different asset classes to 24/7 trading varies, with derivatives related to crypto assets being more suitable for around-the-clock trading and clearing due to their digital infrastructure and global continuous trading characteristics; whereas traditional commodity derivatives like agricultural products may not be suitable for full 24/7 operation due to their regional and trading structure characteristics.CFTC staff stated that relevant institutions should ensure compliance with regulatory frameworks and risk control requirements while promoting the continuous evolution of the market to support "responsible market innovation."