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THORChain has released its fourth update regarding the attack incident on May 15, and the proposal ADR028 has been announced, with voting for node operators now open.According to the recovery plan, the protocol will first absorb losses through its own liquidity, with the remaining portion to be shared by synthetic asset holders; the specific distribution ratio of the two is still under evaluation. The protocol's own liquidity will be reduced to zero, and will be gradually replenished through system revenue. This plan will not issue or sell RUNE, nor will it dilute any holders.On the technical side, GG20 will be temporarily retained and has completed patch upgrades. Trading will resume after the vulnerabilities are fixed and node rotation is successfully conducted, with a future release pace that is slower and more security-conscious. Innocent nodes located in the same vault as the attacker will be protected, while the attacker nodes will be fully confiscated. The recovered RUNE will be paired with the recovered assets, and any excess will be destroyed.The protocol also offers a white hat bounty to the attacker to recover funds; if some are returned, the recovery plan will be adjusted proportionally. THORChain remains neutral and permissionless, and there will be no review of the attacker's Swap transactions after trading resumes. Node operators are currently voting on the proposal direction, and the numbers in the ADR are only indicative, with adjustments to be made through Mimir later.

According to Tech In Asia, K25.ai, a prediction market and live streaming platform led by former OKX Chief Operating Officer Andy Cheung and based in Singapore, announced that Nasdaq-listed NewGenIVF Group (NIVF) made a preliminary investment of $2 million at a valuation of $100 million. This investment may subsequently increase to $10 million. The deal also grants NIVF an exclusive institutional partnership in the Asia-Pacific region. K25.ai and NIVF plan to expand into markets such as Singapore, Thailand, Japan, Australia, and New Zealand. The startup stated that it is exploring ways to enter the public market through strategic transactions or reverse mergers, but there is no guarantee that any listing plans will proceed.

According to SoSoValue data, yesterday (Eastern Time May 21) the total net outflow of Bitcoin spot ETFs was $101 million. The Bitcoin spot ETF with the highest net inflow yesterday was the ETF ARKB from Ark Invest and 21Shares, with a net inflow of $2.8287 million. Currently, the historical total net inflow of ARKB has reached $1.282 billion.The Bitcoin spot ETF with the highest net outflow yesterday was the Blackrock ETF IBIT, with a net outflow of $104 million. Currently, the historical total net inflow of IBIT has reached $64.842 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $101.058 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.49%, with a historical cumulative net inflow of $57.189 billion.

According to Bloomberg, citing informed sources, Polymarket has appointed representatives in Japan and is preparing to lobby relevant departments for the legalization of prediction markets in the country.The sources stated that they requested anonymity because the related plans have not yet been made public. Polymarket aims to obtain approval from the Japanese government before 2030. The sources said that Polymarket believes Japan is a market opportunity that has not yet been fully developed and has great potential.

The lending protocol HyperLend on HyperEVM has launched the institutional credit platform Aviya. Aviya is built on Hyperliquid and aims to provide structured credit access for institutional participants. Aviya offers bilateral fixed-rate financing services, initially using HYPE as collateral, with plans to gradually expand to more asset classes.The official statement indicates that Aviya will become an important part of the Hyperliquid ecosystem's credit layer, supporting capital formation, leverage utilization, and structured financing for native assets and future tokenized assets (including stocks, commodities, fixed income instruments, pre-IPO companies, etc.). In addition, HyperLend is deepening its collaboration with Hyperion to jointly promote institutional business expansion and capital introduction.

According to The Block, Coinbase will launch several perpetual-style stock index futures contracts on June 8 through its CFTC-regulated derivatives platform. These contracts include the Tech100 (TEK), which tracks the top 100 companies on Nasdaq, as well as three thematic contracts corresponding to AI, defense (national security), and the Chinese market.Among them, the AI thematic contract is based on the AI10 index, with major components including Nvidia, Microsoft, Amazon, Alphabet, Meta, Oracle, Palantir, and others; the Chinese thematic contract (CHN) tracks 10 American Depositary Receipts (ADRs) of Chinese companies, with major components including Alibaba, Baidu, JD.com, and others.

According to GMGN monitoring, early this morning, Binance co-CEO He Yi retweeted CZ's early tweet about the release of his English version of the new book on the X platform (the original tweet was published on May 2). The main content of the tweet includes: book introduction, Chinese and English audiobooks, and the proceeds will be used for charity.The meme coin named Freedom of Money on the BSC chain saw a brief surge in market capitalization, reaching a high of 12 million USD, but has now fallen back to 9.4 million USD, with a 24-hour increase still holding at 25.6%. During the same period, the on-chain trading volume reached 2.6 million USD.ChainCatcher reminds users that meme coin trading is highly volatile, largely relying on market sentiment and hype, and has no actual value or use case; investors should be aware of the risks.

HashKey Capital's fund announced the completion of a $40 million strategic investment in the options trading platform SignalPlus, which includes a $20 million cash contribution from HashKey Group.It is reported that SignalPlus focuses on options trading systems, automated market making, and structured product solutions, and is a leading institutional-grade crypto derivatives platform in Asia, holding a significant share in the mainstream options market. This round of investment is a continued commitment from HashKey Capital since SignalPlus's seed round financing, and both parties will deepen their strategic cooperation to jointly promote product innovation and global institutional business expansion.

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $4.668 billion, with long positions at $2.283 billion, accounting for 48.92% of the holdings, and short positions at $2.384 billion, accounting for 51.08%. The profit and loss for long positions is $58.786 million, while for short positions it is -$11.5 million.Among them, the whale address 0x8def..ae shorted HYPE with a 5x leverage at a price of $45.2562, currently showing an unrealized profit and loss of -$21.901 million.

According to Bits.media, Ivan Chebeskov, the Deputy Minister of Finance of Russia, stated that the final version of the government's cryptocurrency market regulation bill will retain the ban on transfers from Russian custodial wallets to non-custodial foreign wallets. More lenient conditions will only apply to participants in foreign trade activities, namely importers. Chebeskov mentioned that after the law comes into effect, the effectiveness of the new regulatory system will be analyzed, and in the future, the use of non-custodial wallets may be allowed in an experimental mode. The final version of the bill will be ready next week, and the Deputy Minister hopes it can be passed before the end of the State Duma's spring session.Previously, the Duma's Financial Market Committee opposed the central bank's stance on banning transfers to non-custodial wallets and proposed providing judicial protection for all cryptocurrency asset holders. The bill was passed in the first reading on April 21, stipulating that starting July 1, Russians and companies can only purchase digital assets through licensed intermediaries, and access to foreign cryptocurrency platforms must go through a list approved by the central bank, prohibiting access to exchanges that impose sanctions on Russia.

According to crypto analyst Yu Jin @EmberCN, about 7 hours ago, a batch of addresses suspected to belong to Polychain unlocked and redeemed 122 million EIGEN from the EigenCloud (formerly EigenLayer) staking contract, worth approximately 23.88 million USD, accounting for 16.5% of the current circulating supply of EIGEN.Currently, the related EIGEN remains in the addresses and has not been further transferred. Yu Jin stated that this batch of tokens comes from the investment allocation for 2024, and Polychain was one of the early leading investors in EigenCloud.

According to Bitcoin News, U.S. Congressman Nick Begich has introduced the "U.S. Reserve Modernization Act," which already has 16 original co-sponsors. The bill will establish a strategic Bitcoin reserve, integrate federally held digital assets, and lock them in as long-term reserve assets for at least 20 years.The bill also explores budget-neutral Bitcoin acquisition strategies while protecting the reserves from future government and congressional liquidation efforts. The media commented that the strategic Bitcoin reserve established by Trump through an executive order will be formally enshrined in law by the "U.S. Reserve Modernization Act."

Legal professionals point out that if the review results determine that it has violated regulations, Polymarket may face the risk of being blocked in South Korea or even being forced to exit the market. Currently, multiple countries including France, Germany, and Italy have listed Polymarket as an illegal gambling site and blocked access.

Tom Lee, the chairman of BitMine, Ethereum's largest treasury, stated that Ethereum has a strong group of leaders and developers who can ensure it continues to be the future settlement layer for finance and AI.Currently, much of the bearish sentiment is just despair and mutual blame at the bottom of the crypto winter. Blockchain is the only viable way for agentic AI to conduct business interactions while significantly improving the profitability of the financial system. I will continue to be optimistic about ETH.

Paradigm officially announced the open-sourcing of Centaur, a self-hosted AI Agent Runtime developed jointly by Paradigm and Tempo that supports multi-user collaboration and secure operation. Paradigm stated that since January of this year, the fund has been using Centaur internally, which has completely transformed the way the team works, covering various task scenarios such as investment, engineering, design, recruitment, events, and customer service.Centaur can be understood as a "shared Agent" that can call tools, run continuously for hours or even days, continue working after a system restart, and perform operations using real credentials without ever touching the raw secrets. Users can communicate with it via Slack or call it through an API.

U.S. SEC Commissioner Hester Peirce stated that the SEC's "innovation exemption" for tokenized stocks is expected to apply only to on-chain equity products. She pointed out that synthetic tokens that merely mimic stock price performance but do not possess full shareholder rights are expected to not meet the relevant regulatory exemption requirements.

According to The Block, former Ethereum Foundation researcher Dankrad Feist posted on the X platform, proposing the establishment of a new organization aligned with the Ethereum economy to "save" Ethereum. He believes that the Ethereum Foundation currently holds less than 0.1% of ETH, with no staking or fee income flowing in, so the new organization needs to raise at least $1 billion in funding, managed by competent leaders, with part of the funds coming from staking income, and driven by a more responsible board to boost Ethereum's price.Feist left the foundation last year to join Layer 1 network Tempo. He co-created the Danksharding shard design in the Ethereum community to enhance Layer 2 scalability, was appointed as a strategic advisor in areas such as L1 scaling and user experience during the restructuring of the foundation's leadership, and proposed EIP-9698, which would increase the Gas limit by 100 times.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0039%. Among the current mainstream exchanges, the rate on Binance is 0.005%, OKX is 0.0079%, Bybit is 0.0043%, and Gate is 0.0018%.