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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.

OneBullEx announces a brand upgrade and officially clarifies its platform positioning as The AI Futures Exchange. This upgrade occurs as the OneBullEx product system further takes shape, with the automated strategy market 300 SPARTANS now operational, and the AI strategy generation platform OneALPHA having entered the targeted testing phase. This positioning reflects OneBullEx's judgment on the competitive logic of contract trading platforms in the next stage, where AI is transitioning from an auxiliary tool into the trading execution process, and the platform's capabilities are shifting from a single trading entry to a comprehensive strategy integration.The current product architecture of OneBullEx consists of three layers: the bottom layer is the contract trading infrastructure, the middle layer is the 300 SPARTANS strategy market, and the top layer is OneALPHA. The 300 SPARTANS connects strategy creators with subscribers, supporting users in subscribing to automated strategy bots and tracking strategy performance through NAV and TWRR methods; OneALPHA covers the key processes from strategy generation, validation to deployment preparation, jointly supporting OneBullEx's AI Futures Exchange positioning.OneBullEx states that after the brand upgrade, the platform will express its core message of "smart trading, simplifying complexity," continuing its long-term mission of "returning ownership to traders," while further expanding strategy categories, user participation mechanisms, and global market coverage, promoting the contract trading experience towards a more systematic, transparent, and verifiable direction.

According to Jinshi News, Nomura Securities expects that due to rising inflation and a weakening of support from Federal Reserve officials for policy easing, the likelihood of a rate cut in the near term has decreased, and the Federal Reserve will maintain interest rates unchanged in 2026. In a report on May 21, Nomura stated that the incoming Federal Reserve Chairman Kevin Walsh may still have the motivation to ease policy, but recent data and statements from Federal Reserve officials have led them to doubt whether he can persuade the majority of members of the Federal Open Market Committee to support a rate cut.

According to Jinshi reports, Nomura Securities expects the Federal Reserve to keep interest rates unchanged in 2026, after previously predicting that the Federal Reserve would cut rates once in September and once in December this year.

According to Jinshi News, the CME "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged until June is 96.8%, while the probability of a cumulative rate hike of 25 basis points is 3.2%. By July, the probability of keeping interest rates unchanged is 85.4%, the probability of a cumulative rate hike of 25 basis points is 14.2%, and the probability of a cumulative rate hike of 50 basis points is 0.4%.

According to BizWatch, FocusAI, the largest shareholder of Busan Digital Asset Exchange, is seeking to acquire Flybit, which is also a cryptocurrency exchange in South Korea. It is reported that the two companies are in the final stages of discussions regarding the details of the transaction, which includes the sale of shares held by Flybit's CEO and largest shareholder Kim Seok-jin.Flybit was registered as a virtual asset service provider in 2021 but exited the KRW-denominated market due to its failure to establish the required real-name account partnerships with banks.

According to on-chain analyst Ai Yi's monitoring, the largest external holder of HYPE, a16z, is still accumulating. In the past 24 hours, a total of 2.597 million HYPE has been withdrawn from various exchanges, worth 13.29 million dollars, with an average withdrawal price of 51.17 dollars; among them, 73,000 coins were recharged back to the exchange, with an unknown purpose.

According to Jinshi reports, CME's "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged until June is 97.3%, and the probability of a cumulative rate cut of 25 basis points is 2.7%. By July, the probability of keeping interest rates unchanged is 87.2%, the probability of a cumulative rate cut of 25 basis points is 2.4%, and the probability of a cumulative rate increase of 25 basis points is 10.4%.

According to Jinshi reports, the Federal Reserve meeting minutes indicate that market participants expect little change in the target range for the federal funds rate this year. The implied probability of a rate hike in the first quarter of 2027 based on option prices is about 30%. Surveys show that there will be two rate cuts of 25 basis points in the next year, with the timing of the cuts expected to be later than in the last survey, occurring in the third or fourth quarter of 2026 and the first quarter of 2027, respectively.

According to Jinshi reports, the Federal Reserve meeting minutes show that almost all participants supported maintaining the federal funds rate target range unchanged at this meeting.

According to BTCtreasuries, the U.S. Bitcoin-only exchange River disclosed that it holds 437 BTC on its corporate balance sheet, making it the 9th largest private BTC treasury holder. It custodies over 25,000 BTC for its clients, and its proven reserve ratio is above 100%.

According to Bloomberg, the parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), announced plans to launch futures contracts based on "computing power" to track changes in the costs of computing power such as GPUs that support the AI industry. This product still requires regulatory approval.It is reported that ICE will collaborate with financial infrastructure company Ornn to develop a pricing system for related derivatives based on its GPU cost index. This index will be used to support computing power futures contracts.

As cryptocurrency trading platforms gradually extend from trading single digital assets to traditional asset trading scenarios such as stocks, gold, foreign exchange, and indices, platform competition is shifting from "asset coverage" to "trading entry points, operational paths, and execution efficiency." Whether users can discover opportunities faster, enter the market, and complete transactions is becoming an important measure of the product experience on exchanges.Recently, Bitget announced the launch of the 10-second gold buying challenge, inviting users to record the entire process from opening the Bitget App homepage to completing a XAUUSD gold CFD transaction, with a chance to win rewards if completed in less than 10 seconds. The activity showcases the changes in mobile TradFi trading paths through actual user operations, reflecting that cryptocurrency exchanges are attempting to further streamline and simplify the trading experience of traditional financial assets.According to Bitget, the platform has previously brought TradFi to the first-level entry of the App homepage, covering traditional asset trading scenarios such as gold, stocks, foreign exchange, and indices. Compared to the past, where traditional asset trading typically required completion on independent platforms or through multiple entry points, Bitget aims to allow users to engage with various asset types more directly within the same platform through a unified entry point and optimized mobile processes.

Gate Europe CEO Dr. Giovanni Cunti attended the VI3NNA Congress 2026 and delivered a keynote speech titled "The Role of Exchanges and Stablecoins." The conference was held from May 19 to 20 in Vienna, Austria, bringing together industry representatives from Web3, AI, finance, and regulation to discuss the future development direction of the European digital economy.Giovanni Cunti's speech analyzed the popularization of stablecoin applications, industry development trends, and how blockchain financial infrastructure is gradually reshaping the traditional financial market landscape. It focused on how crypto asset service providers, including Gate Europe, are transitioning from meeting user needs to playing a key role in driving industry structure and future market development. In addition to the keynote speech, Giovanni Cunti also participated in several roundtable discussions, engaging with policymakers, financial institutions, investors, and industry innovators on topics such as digital asset regulation, infrastructure development, and real market implementation.Currently, Gate's Malta company, Gate Europe, has obtained European MiCA and PI licenses under the regulation of the Malta Financial Services Authority (MFSA). As the industry continues to move towards compliance and institutional development, Gate is actively participating in global key industry dialogues and promoting the long-term development of the digital asset ecosystem.

According to monitoring by Hyperinsight, BTC has continued to decline over the past week, while HYPE has surged against the trend, with the HYPE/BTC exchange rate reaching a historic high of 0.03628. A whale on Hyperliquid has simultaneously held a significant amount of HYPE long positions and BTC short positions for over a month, indicating a bullish stance on the HYPE/BTC exchange rate, with a total position size of approximately 43.28 million USD.The current position performance is as follows: 20x BTC short position: unrealized loss of 1.24 million USD (-127%), size 19.33 million USD; 10x HYPE long position: unrealized gain of 4.4 million USD (+183%), size 23.95 million USD. After hedging both sides, the net unrealized gain reaches 3.16 million USD, with HYPE strengthening against BTC allowing this combined position to continue realizing profits.

According to a report by Shangguan News, on May 17, 2026, an elderly man in his 70s, Mr. Gong, from Shuxin Town, Chongming, Shanghai, was deceived by a scammer posing as an "investment mentor" on a short video platform. He was lured into investing in Bitcoin with the bait of "low investment, high returns" and attempted to withdraw 100,000 yuan in cash for transfer at different bank branches twice.After noticing the unusual behavior, the bank teller activated the anti-fraud warning mechanism and coordinated with the police to intervene and dissuade him. The police explained to the elderly man, using real cases, that virtual currency trading and speculation are explicitly prohibited in the country, and that so-called "Bitcoin investments" are all scams. They helped him delete the fraudulent software and block the scammer on WeChat on the spot. After two rounds of patient persuasion from the police and the bank, the elderly man ultimately recognized the scam and gave up the transfer.

In response to the unauthorized access event of the internal code repository disclosed by GitHub, Zhao Changpeng reminded, "If the code contains an API Key, even if it is in a private repository, it should be reviewed and replaced immediately."