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According to official news, Gate DEX will officially launch the "DEX Pizza Festival Exchange Trading Competition" from May 25, 2026, 18:00 to June 11, 18:00 (UTC+8). The event covers all EVM-compatible networks and supports participation from multiple business lines on both web and app platforms. During the event, users can exchange any cryptocurrency through Gate Swap, and those who accumulate an effective trading volume of 5,000 USDT will qualify to share a total prize pool of 10,000 USDT. Among them, the top 1-3 traders can receive a fixed reward of up to 500 USDT, while the participants ranked 4-200 will share a tiered prize pool of 9,000 USDT based on their trading volume proportion.The trading competition activity area launched on December 23, 2025, is a fair and transparent trading arena designed specifically for on-chain users. Relying on the powerful aggregated liquidity of Gate Swap, it aims to provide users with a superior experience of low slippage and fast transactions. Users can participate in designated cryptocurrency trading with one click using the Gate DEX wallet, flexibly competing in three major event types: trading volume, yield, and newcomers. After the competition, bonuses will be automatically airdropped, allowing users to earn substantial token rewards based on their trading strength and enjoy the added value of on-chain trading.

According to CoinDesk, the total market value of stablecoins has reached $322 billion, surpassing the foreign exchange reserves of over 95 countries. The amount of fiat currency held by users through non-traditional banking channels has now exceeded the official foreign exchange reserves of Poland, Thailand, Mexico, as well as the UK, Canada, UAE, and 95 other countries. Currently, only 14 countries/regions have foreign exchange reserves that exceed the market value of stablecoins.Stablecoins are widely used for cryptocurrency trading, DeFi settlements, and cross-border payments. The Bank for International Settlements report indicates that cross-border stablecoin flows have significantly increased since 2022, particularly active in regions with high inflation and severe exchange rate fluctuations. However, the BIS also warns that stablecoin trading may trigger capital outflows, putting vulnerable domestic currencies under depreciation pressure.

Michael Widmer, Managing Director and Head of Metal Research at Bank of America, stated that gold prices will face pressure in the short term due to a decline in market expectations for U.S. interest rate cuts. However, the bank maintains a bullish outlook on gold and reiterates its forecast for gold prices to rise to $6,000 per ounce in the next 12 months.The current pressure on gold is related to the market's repricing of inflation risks and the path of U.S. interest rates against the backdrop of rising energy prices due to the Middle East conflict. Despite these pressures, gold is expected to continue rising, supported by ongoing purchases by central banks, a rebound in investor demand, and weakening economic growth indicators.

According to Onchain Lens monitoring, the giant whale sold another 170,000 HYPE, exchanging it for $10.54 million. In the past 24 hours, the giant whale has sold a total of 321,574 HYPE, exchanging it for $19.88 million, with an average price of $61.81. Currently, it is still staking 30,005 HYPE ($1.78 million).

According to Jinshi News, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged until June is 99.9%, while the probability of a cumulative rate cut of 25 basis points is 0.1%. By July, the probability of keeping interest rates unchanged is 90.3%, the probability of a cumulative rate hike of 25 basis points is 9.6%, and the probability of a cumulative rate cut of 25 basis points is 0.1%.

The Sui mainnet officially launched the protocol-level stablecoin zero Gas transfer feature on May 20, supporting 7 types of assets including USDC, allowing users to complete transfers for free without holding SUI.In addition, the Premium Exchange incubated by NAVI Protocol is expected to officially go live on May 26 with its new system. These two developments optimize the trading experience from both the underlying protocol and application layer, further lowering the user entry threshold and promoting the development of the Sui ecosystem.

According to BBX data, the pressure from market regulation suddenly intensified over the weekend, and institutional-level crypto derivatives product lines expanded simultaneously. The core dynamics are as follows:On May 22, James Comer (Republican, Kentucky), Chairman of the House Oversight and Government Reform Committee, officially issued investigation letters to Kalshi (privately held) and Polymarket (privately held), initiating a formal congressional investigation into insider trading on prediction market platforms. The investigation focuses on two suspicious bets: one betting on the early capture of Venezuelan President Maduro, and another betting on the direction of the Iranian conflict. Both transactions recorded unusually large amounts just hours before the related events were made public. According to media reports, the Wisconsin Attorney General has recently listed Robinhood Markets, Inc. (NASDAQ: $HOOD), along with Kalshi, Polymarket, and Crypto.com, as defendants, accusing them of providing unlicensed sports betting services in Wisconsin. This is the latest escalation of the prediction market facing legal challenges in 13 states to congressional scrutiny. Both Kalshi and Polymarket stated their willingness to cooperate with the committee's investigation, asserting that their platforms have robust anti-insider trading mechanisms.On May 23, the U.S. Securities and Exchange Commission (SEC) officially approved a proposal submitted by Nasdaq, Inc. (NASDAQ: $NDAQ) to launch cash-settled Bitcoin index options on its Philadelphia Stock Exchange, which does not involve physical delivery of Bitcoin. This product will allow institutional investors to hedge or invest in Bitcoin price fluctuations through standardized options contracts, filling a market gap for cash-settled Bitcoin index derivatives on regulated exchanges in the U.S. The timing of the approval coincided with significant fluctuations in Bitcoin over the week (with a low of $74,500 and a high rebound to $77,800), reflecting the accelerating release of genuine demand for volatility management tools in the market.

According to on-chain analyst Yu Jin's monitoring, 7 hours ago, two wallet addresses withdrew 111 million SAHARA (3.81 million USD) from Binance and Bitget, accounting for 3.4% of the circulating supply of SAHARA. It is reported that the project just announced the launch of SAHARA staking three days ago.

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged until June is 97.3%, and the probability of a cumulative rate hike of 25 basis points is 2.7%. By July, the probability of keeping interest rates unchanged is 84.8%, the probability of a cumulative rate hike of 25 basis points is 14.8%, and the probability of a cumulative rate hike of 50 basis points is 0.3%.

According to e Company, Changqiao Securities has further clarified the recent regulatory matters regarding cross-border securities business in China. Changqiao Securities stated that the Hong Kong Securities and Futures Commission and the China Securities Regulatory Commission, along with other mainland regulatory departments, have recently issued the latest regulatory requirements for cross-border securities business, establishing unified industry standards for services aimed at mainland investors.These regulatory rules apply to all foreign financial institutions. Changqiao actively responds to the regulatory guidelines from both regions and will steadily advance compliance work in strict accordance with the relevant requirements. Changqiao Securities indicated that the scope of accounts targeted by this regulatory requirement is limited and clearly defined, mainly focusing on two types of accounts: first, investment accounts opened using suspicious or forged documents; second, investment accounts with zero balances. Customer accounts that are opened in compliance, with real assets and holdings, are not included in this cleanup. Changqiao firmly supports the regulatory attitude of zero tolerance towards fraudulent account opening behaviors and will handle matters strictly according to regulatory requirements.

According to Bloomberg, the Intercontinental Exchange (ICE, the parent company of the New York Stock Exchange) is collaborating with the cryptocurrency trading platform OKX to launch perpetual futures contracts linked to crude oil.According to statements from both parties, ICE's Brent crude oil and WTI crude oil futures prices will serve as the pricing basis for the related perpetual contracts. The product will be launched in regions where OKX is licensed to offer perpetual contract trading.

According to Caixin, in response to the China Securities Regulatory Commission's investigation into Changqiao Securities and the proposed administrative penalties, Changqiao Securities stated that its licensed entities are regulated by overseas regulatory agencies such as the Hong Kong Securities and Futures Commission.Changqiao emphasized that customer funds are completely separated from the company's operating funds and are stored in independent custody bank accounts as required by regulations; the U.S. stocks and Hong Kong stocks held are respectively custodied by the Depository Trust & Clearing Corporation (DTCC) and Hong Kong Securities Clearing Company Limited (HKSCC), and are protected by the Hong Kong Investor Compensation Fund (ICF). At the same time, the company will strictly implement all rectification requirements and legally and compliantly promote relevant arrangements.

The China Securities Regulatory Commission has filed an investigation and issued a prior notice of administrative punishment against TigerBrokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Changqiao Securities (Hong Kong) Limited for illegal securities business operations by relevant entities both domestically and abroad.According to the notice, the relevant entities of Tiger, Futu, and Changqiao conducted securities trading marketing, processed trading instructions, and provided related securities business services to obtain relevant income without the approval of our commission and without obtaining the licenses for securities brokerage business and securities financing and margin trading business, violating the provisions of Article 120 of the Securities Law, thus constituting illegal operation of securities business.In accordance with the provisions of Article 202 of the Securities Law, Article 136 of the Securities Investment Fund Law, and Article 132 of the Futures and Derivatives Law, our commission intends to decide to confiscate all illegal gains of the relevant entities of Tiger, Futu, and Changqiao, and impose severe penalties according to the law. The parties involved have the right to make statements, defend themselves, and request a hearing regarding the administrative penalties to be imposed. Our commission will fully listen to the opinions of the parties involved before making an administrative penalty decision in accordance with the law.

Tiger Research's Research Director Ryan Yoon stated that the U.S. Securities and Exchange Commission (SEC) is preparing to launch an "innovation exemption" framework that allows third parties to tokenize listed stocks without the issuer's approval.Ryan Yoon warned that this move could cause two major structural shocks to traditional exchanges: first, liquidity fragmentation, as funds will disperse from centralized exchanges to multiple blockchain platforms; second, revenue fragmentation, as trading fees and intermediary income may flow to overseas or competing platforms, threatening the competitiveness of U.S. finance.He believes that traditional exchanges are like monopolistic superstores, while tokenized stocks are akin to allowing anyone to set up a street stall, which will significantly change the concentration of capital markets. The SEC is advancing this framework at this time to keep global financial income within the domestic regulatory scope.