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According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0051%. Among the current mainstream exchanges, the rate on Binance is 0.0036%, OKX is 0.0078%, Bybit is 0.0057%, and Gate is 0.0071%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0052%. Among the current mainstream exchanges, the funding rate for Binance is 0.0056%, OKX is 0.01%, Bybit is 0.0073%, and Gate is 0.0076%.

According to the official announcement, the U.S. Securities and Exchange Commission (SEC) has proposed amendments to the rules and forms related to registered offerings, aiming to enhance the efficiency, flexibility, and reduce costs of public fundraising for listed companies, while simplifying the information disclosure framework for listed companies.According to the proposal, more listed companies will be able to conduct shelf offerings, and more companies will be eligible for registration and communication conveniences that were previously only available to "well-known seasoned issuers." Broker-dealers will be able to provide research coverage for more listed companies, and the state securities law registration and qualification requirements for multi-state registered offerings will be excluded at the federal level.Additionally, the proposal suggests raising the threshold for large accelerated filers from $700 million to $2 billion, with the stipulation that companies will not be included in this category based on market capitalization for at least 60 months post-IPO. The public comment period will last for 60 days after publication in the Federal Register.

According to The Block, crypto market maker Wintermute has launched the DeFi vault curation platform Armitage, designed for non-custodial vaults catering to different risk appetites, to access decentralized lending opportunities. Wintermute stated that, relying on its market-making business and clearing execution capabilities, Armitage can accept "collateral types that other curators cannot support." The announcement mentioned that user deposits do not require KYC, and users retain control over their funds. As institutions continue to engage in vault strategies like Morpho on Ethereum and Kamino on Solana, vaults are becoming an important tool for institutional participation in the crypto market.

According to Reuters, Polymarket has partnered with Nasdaq to launch a prediction market for private companies, where users can trade based on valuation, IPO timing, and secondary market valuation.

According to CoinPost, the Financial Services Agency of Japan announced a cabinet order amendment, officially recognizing foreign trust beneficiary rights that are "equivalent" to Japan's electronic settlement system as electronic settlement methods under the Fund Settlement Act. The amendment will take effect on June 1.This revision clarifies: first, it establishes a legal basis for qualified foreign trust-based stablecoins to provide services within Japan; second, it stipulates that electronic settlement method operators should use equivalence with the Japanese system as the eligibility criterion when handling foreign electronic settlement methods. At the same time, relevant foreign trust beneficiary rights will be excluded from the Financial Instruments and Exchange Act's securities and will only be regulated as electronic settlement methods.The Liberal Democratic Party of Japan has officially approved the "AI + Blockchain Finance" proposal, supporting yen stablecoins and tokenized deposits.

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $4.107 billion, with long positions at $2.023 billion, accounting for 49.26% of the holdings, and short positions at $2.084 billion, accounting for 50.74%. The profit and loss for long positions is -$28.0972 million, and for short positions, it is -$24.6172 million.Among them, the whale address 0xa5b0..41 has taken a 15x leveraged long position on ETH at a price of $2265.48, currently with an unrealized profit and loss of -$5.9117 million.

According to a report by Jinshi, Zaheer Anwari, an analyst at Revacy Fund, pointed out that the outlook for interest rate hikes in the U.S. supports the dollar due to high energy prices. He stated that persistent inflationary pressures have led the market to form the expectation that "interest rates will remain high for a long time." LSEG data shows that the U.S. money market has fully priced in the expectation of a 25 basis point rate hike by the Federal Reserve before March 2027, and the market believes there is a 62% probability of a rate hike by the end of 2026.

According to Forbes, the cryptocurrency trading platform Ouinex announced the completion of a $3.5 million financing round, bringing the total funding to $9 million. It is reported that all investors in this round of financing are retail and professional traders from the platform, with no venture capital firms involved. The new funds will be used to build a "Non-Centralized Order Book (No-CLOB)" model, aiming to avoid and protect retail traders from directly competing with large market makers. It is reported that the platform uses a pricing mechanism similar to that of forex and CFD brokers, with market makers providing buy and sell quotes, but they cannot view user orders or trade directly with users.

According to SolanaFloor, Pump.fun will enable USDC pairing for the new token on May 21, marking a significant shift from the platform's previous reliance on SOL. This update was first announced on May 7, and existing SOL-based pairs will not be affected.Since its launch in January 2024, it is estimated that at least 5.07 million SOL (worth $430 million) have been locked in the liquidity pool at the time of the token graduation. Previously, all tokens that completed the Pump.fun joint curve would migrate to its AMM PumpSwap, where liquidity is paired with SOL and permanently burned.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "LoL: BNK FEARX vs Nongshim Red Force (BO3) - Esports World Cup Korea Qualifiers Playoffs," the "BNK FEARX" option in the sub-market "Match Winner" has experienced a drastic fluctuation in win rate, plummeting from 81.5% an hour ago to the current 18% (a fluctuation of 63.5%). Please note the impact of related breaking news.

Web3 user-generated content (UGC) platform Tomoland announced the completion of a $2 million financing round, led by Sky9 Capital, with participation from WAGMI Ventures, Aureus Dealers, and angel investors from Meta, Depinx Capital, Netease, and Virtuals. The new funds are intended to support its efforts to build a system that combines user-generated content with Web3 ownership and to promote the integration of the gaming ecosystem with the Web3 economy.

According to reports from South Korean media, Tether, the world's largest stablecoin issuer, recently applied for seven trademark registrations in South Korea, including the Tether logo and the gold-backed stablecoin Tether Gold (XAUT). This is Tether's first application for company name and logo trademarks in South Korea, having previously only applied for trademarks for stablecoin product names.Industry insiders believe this move may be Tether's preparation to enter the South Korean market. The South Korean "Basic Act on Digital Assets" (Phase Two of the Virtual Assets Act) is discussing a proposal that requires overseas stablecoin issuers to establish subsidiaries in South Korea to conduct circulation business. Tether's trademark application may be a proactive strategy ahead of its competitor Circle. Circle's founder and CEO Jeremy Allaire visited South Korea in April to discuss potential collaborations with local financial holding companies and virtual asset exchanges, stating that South Korea is "the most vibrant virtual asset market in the world and a candidate for the most mature stablecoin market in the future."

According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has rescinded the "no denial" rule that has been in place for about 50 years. The new rule allows defendants who reach a settlement with the SEC to publicly question or deny the allegations made by the SEC in enforcement actions. Previously, defendants were typically restricted from publicly rebutting the relevant allegations after signing a settlement agreement.

On May 19, the Financial Services Agency of Japan announced the revised Cabinet Office Ordinance related to electronic payment methods and transaction operators, clearly including trust beneficiary rights established under foreign laws that are equivalent to the Japanese system within the scope of electronic payment methods under Japan's Fund Settlement Act, providing a legal basis for the compliant circulation of trust-type stablecoins issued by specific foreign entities within Japan. The new regulations will take effect on June 1, 2026, and also clarify that the relevant foreign trust beneficiary rights are not considered securities under the Financial Instruments and Exchange Act.

According to Gate market data, the three major U.S. stock indices generally fell before the market opened, with the Nasdaq down 0.54%, the Dow down 0.08%, and the S&P 500 down 0.28%.Most of the seven major tech stocks fell before the market opened, with Apple (AAPL) down 0.54%, Microsoft (MSFT) up 0.14%, Alphabet (GOOGL) up 0.48%, Amazon (AMZN) down 0.7%, Nvidia (NVDA) down 0.89%, Tesla (TSLA) down 1.02%, and Meta (META) down 0.24%.

According to Bloomberg, the Bank of England is considering an alternative in response to the industry's opposition to the proposed limits on stablecoin holdings. Bank of England Deputy Governor Sarah Breeden stated that the central bank is exploring the possibility of setting a temporary "guardrail" on the total issuance of stablecoins as an alternative option to the existing proposal. This statement indicates that the Bank of England is reassessing its regulatory framework for stablecoins.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0027%. Among the current mainstream exchanges, the rate on Binance is 0.0057%, OKX is -0.0005%, Bybit is 0.0019%, and Gate is 0.0007%.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is 0.0029%. Among the current mainstream exchanges, the funding rate on Binance is 0.0048%, OKX is 0.0041%, Bybit is 0.0047%, and Gate is 0.0006%.

Binance tweeted that the participation threshold for the Zest Protocol (ZEST) airdrop has been announced. Users need to reach 240 Alpha points to participate. Participating in this event will consume 15 points, decreasing by 5 points per minute. The event will start today at 21:00.