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According to Times Brasil, the decision-making committee of the administrative sanctions procedure under the Central Bank of Brazil imposed a fine of approximately $3.15 million on Banco Topázio and prohibited it from conducting over-the-counter foreign exchange business for virtual asset trading for the next two years.Regulators stated that Banco Topázio had deficiencies in customer qualification review, customer registration, and anti-money laundering and counter-terrorism financing controls while handling approximately $1.7 billion in related business from October 2020 to September 2021, and failed to report unusual transactions to Coaf. Officials from the Central Bank of Brazil indicated that similar restrictions may also apply to other institutions involved in cryptocurrency business in the future.

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged until June is 97.1%, while the probability of a cumulative rate cut of 25 basis points is 2.9%. In addition, the probability of maintaining interest rates unchanged in July is 96%, and the probability of a cumulative rate cut of 25 basis points is 3.9%.

According to CoinMarketCap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows:Top five gainers: SKYAI (SKYAI) up 44.45%, current price $0.5792; BUILDon (B) up 15.32%, current price $0.6454; Humanity (H) up 13.06%, current price $0.2646; Injective (INJ) up 7.06%, current price $4.66; JUST (JST) up 2.95%, current price $0.08974.Top five losers: Ondo (ONDO) down 10.28%, current price $0.3908; Aerodrome Finance (AERO) down 10.16%, current price $0.4725; Ethena (ENA) down 7.57%, current price $0.1204; Sei (SEI) down 7.03%, current price $0.0695; Virtuals Protocol (VIRTUAL) down 6.99%, current price $0.8131.

The cryptocurrency research institution Delphi Digital released the latest report "How Far Can Saylor Stretch It," which systematically analyzes the Bitcoin (BTC) funding expansion mechanism of Strategy, pointing out that its financing structure is transitioning from "low-cost accumulation" to the "diminishing marginal efficiency" stage. The report shows that in the current asset accumulation system centered around Bitcoin, STRC has become the core financing tool for Strategy's continuous purchase of BTC. Initially, it relied on a significant premium in MSTR's stock price (mNAV far exceeding BTC's net value) to achieve a positive cycle of "issuance leads to accumulation," but as the valuation has fallen back to about 1.24 times the EV-based mNAV, the BTC per share enhancement effect from common stock issuance is nearing breakeven.At the same time, while convertible bond tools have played an important role historically, they have accumulated about $8.2 billion in principal and will face concentrated repayment pressure after September 2027, putting long-term sustainability of the financing structure under pressure. STRC provides a continuous financing source for Strategy by offering approximately 11.5% annualized monthly dividends to income-oriented investors, to maintain the pace of BTC purchases. However, this mechanism also introduces ongoing cash flow obligations, meaning that each round of financing increases BTC assets while simultaneously accumulating future dividend burdens.The report emphasizes key risk scenarios: if BTC prices remain stagnant and MSTR's premium fails to recover, then the "STRC financing purchase gain" may be gradually offset by "common stock dilution and dividend obligations." Although the company's approximately $2.25 billion cash reserves can cover about $1 billion in redemption pressure in 2027, larger-scale debt and dividend structures in 2028 still need to be addressed. Additionally, the current authorized issuance limit of about $28.3 billion for STRC becomes a critical constraint point. Once the limit is reached, the ability to purchase new BTC may slow down, but existing dividend obligations will continue to exist, thus altering the overall BTC per share dynamic growth path.

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged until June is 97.6%, and the probability of a cumulative rate cut of 25 basis points is 2.4%. By July, the probability of keeping interest rates unchanged is 95.6%, the probability of a 25 basis point rate cut is 4.4%, and the probability of a 50 basis point rate cut is 0.1%.

According to data released by Binance Research, currently 28% of Binance users allocate at least half of their investment portfolio to stablecoins, a significant increase from 4% in 2020; in emerging markets, this proportion is as high as 36%.

According to Jinshi reports, the Shenzhen Component Index fell more than 1% in the afternoon, the Shanghai Composite Index dropped 0.4%, and the ChiNext Index fell 0.5%.

NEAR Intents announces an upgrade to its cross-chain exchange functionality, allowing users to directly exchange over 100 types of tokens for Zcash (ZEC) through a single transaction process.This upgrade is based on NEAR's intent-based infrastructure, abstracting complex backend routing logic to simplify the user experience for cross-chain interactions. By integrating Zcash into a broader exchange ecosystem, NEAR Intents targets users who wish to consolidate multiple token holdings into a single privacy-enhanced asset without needing to switch between multiple protocols or cross-chain bridges. This move demonstrates NEAR's ongoing commitment to advancing cross-chain interoperability through its Intents protocol.

According to on-chain analyst Yu Jin's monitoring, the Ondo project's multi-signature address transferred 150 million ONDO (63.88 million USD) 7 hours ago, of which 21.338 million ONDO (9.15 million USD) was transferred into Coinbase and Bybit 1 hour ago.

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged until June is 97.7%, and the probability of a cumulative rate cut of 25 basis points is 2.3%. By July, the probability of keeping interest rates unchanged is 94.6%, the probability of a cumulative rate cut of 25 basis points is 5.4%, and the probability of a rate cut of 50 basis points is 0.1%.

According to an exclusive report by CNBC, Circle Internet Group raised $222 million through the presale of its native token from the new blockchain Arc, achieving a fully diluted network valuation of $3 billion. Andreessen Horowitz led the investment with $75 million, with participation from over a dozen institutions including BlackRock, Apollo Funds, Intercontinental Exchange (ICE), Standard Chartered Ventures, ARK Invest, and Bullish.Arc is a public blockchain designed for institutional finance. Circle CEO Jeremy Allaire stated that the company is transforming from a stablecoin issuer into a broader internet platform company, entering the operating system and application business. In terms of token distribution, Circle holds 25% of the initial supply of 10 billion tokens, 60% is allocated to network builders and participants, and 15% is reserved for long-term use. Circle also released a set of tools to help developers build AI agents, supporting transactions and payments using USDC. This is the first publicly traded company to conduct a token presale, and Allaire stated that all companies will achieve tokenization in the future.

According to the official announcement from OneBullEx, the platform's May Member Day event has officially started. This time, it continues to offer a 1:1 exchange of OBE points for USDT, with a prize pool reaching 300,000 USDT. The event will take place on May 11 from 11:00 to 20:00 (GMT+4), divided into 10 exchange sessions, with approximately 1,500 exchange slots available for each session, on a first-come, first-served basis, until all slots are filled.It is introduced that users need to consume 20 points for each exchange participation. After completing the exchange, the corresponding USDT rewards will be directly credited to their accounts. Users participating in this event must have at least 500 points in their accounts, and the specific amount credited and participation rules are subject to what is displayed on the event page.It is reported that OneBullEx has designated the 11th of each month as a fixed Member Day, continuously strengthening user participation and platform activity through mechanisms such as point exchanges, task incentives, and community interactions. As the May Member Day continues, the 1:1 exchange of OBE points for USDT is further entering a periodic operation, and Member Day is gradually becoming an important benefit scenario within the OneBullEx points system.

According to Jinshi reports, the Shenzhen Component Index rose by more than 2%, the ChiNext Index rose by 2.9%, and the Shanghai Composite Index rose by 0.9%.

According to Jinshi News, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged until June is 93.8%, while the probability of a cumulative rate cut of 25 basis points is 6.2%. By July, the probability of keeping interest rates unchanged is 88.8%, the probability of a cumulative rate cut of 25 basis points is 10.8%, and the probability of a cumulative rate cut of 50 basis points is 0.3%.

According to Cointelegraph, analyst Yashu Gola stated that the ETH/BTC exchange rate has fallen over 35% in the past year, and the current trend is repeating the bearish structure from 2024 to 2025, suggesting there may still be further downside potential.From a technical perspective, ETH/BTC has been constrained by a downward trend line since 2022, with several previous breakout attempts failing, one of which triggered a subsequent decline of nearly 70%. In August 2025, after testing the trend line again, ETH/BTC encountered resistance and fell below the 20-month EMA support around 0.034, indicating that bears still dominate the trend. If weakness persists, the next key downside target is around 0.0176 BTC, which represents about a 40% drop from current levels, corresponding to the 2020 cycle low area.On-chain data shows that the selling pressure risk for ETH is also rising. CryptoQuant data indicates that as of today, ETH reserves on the Binance platform have risen to 3.62 million, accounting for about 24.6% of all trading platform ETH reserves; meanwhile, BTC reserves on Binance have continued to decline during the same period. Generally, an increase in trading platform reserves indicates a greater supply of tokens available for sale, while a decrease in reserves reflects an enhanced trend of long-term holding.Analysts believe this further reinforces the fundamental divergence between ETH and BTC: ETH faces higher circulating supply pressure, while BTC benefits from tightening exchange liquidity and continued institutional accumulation. Meanwhile, the narrative of Ethereum as "ultrasound money" has weakened, while BTC continues to receive corporate buying support, including from Strategy, as well as backing from Wall Street funds.

According to Onchain Lens monitoring, a certain whale exchanged 40 BTC for 1,384.6 ETH through THORChain, worth 3.23 million USD, and then transferred these funds through Tornado Cash.

Santiment stated on the X platform that Tether (Ethereum-based) experienced the largest outflow of funds from exchanges in nearly three months, with a net outflow of $1.29 billion (USDT) on Friday. Such a large-scale USDT outflow typically reflects institutional or whale-level participants moving funds to self-custody wallets, DeFi protocols, or over-the-counter trading platforms in preparation for larger operational plans. This is merely a reallocation of funds, not a complete exit from the ecosystem.Santiment suggests closely monitoring what typically happens after these peaks in outflows. Previously, on February 9, when outflows reached $3.72 billion, Bitcoin experienced a slight pullback in the following two weeks (before an ideal buying opportunity on February 24). Whether the current funds will flow back into exchanges in the form of buying in the short term is a key variable to watch closely. If USDT starts to flow back into exchanges in the coming days, it indicates that a wave of investment in crypto assets is imminent.

According to Bits.media, the Moscow Exchange announced that it will launch new settlement futures trading for three digital asset indices: Solana, Ripple, and Tron, starting on May 14, limited to qualified investors.These instruments are settled in Russian rubles and do not involve physical delivery of digital assets. The quotation unit for Solana index futures is in US dollars, with a minimum price fluctuation and fluctuation value of 0.01 dollars; the minimum price fluctuation for Ripple and Tron index futures is 0.0001 dollars, with a fluctuation value of 0.01 dollars. The contract duration is one month, with the last trading day being the last Friday of each month. Contracts expiring in June, July, and August will be available starting May 14. Additionally, the Moscow Exchange will begin calculating and publishing indices for four cryptocurrencies: Solana, Ripple, Tron, and BNB on May 13.