pro

According to CoinMarketCap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows: Top five gainers: NEAR Protocol (NEAR) up 21.14%, current price $2.20; Worldcoin (WLD) up 12.39%, current price $0.2947; Artificial Superintelligence Alliance (FET) up 9.05%, current price $0.2105; Quant (QNT) up 8.76%, current price $79.28; Celestia (TIA) up 8.74%, current price $0.445.

Pyth Network's free product Pyth Core experienced downtime this morning (UTC time) and has resumed normal operation at 13:00 UTC (21:00 Beijing time). The paid product Pyth Pro was not affected, and platforms using Pyth Pro, such as Kalshi, Coinbase, and LMAX, continued to operate without interruption. Pyth Network stated that Pyth Core is an old version of the oracle layer planned to be deprecated by a DAO resolution on July 31, and teams that have not yet migrated should switch to Pyth Pro as the new infrastructure for ongoing support.

Futu Holdings (FUTU.O) announced today that the company has received a notice of investigation and a pre-notice of administrative penalty from the China Securities Regulatory Commission (CSRC) and its Shenzhen branch.The CSRC pointed out that certain Futu entities in mainland China and Hong Kong have engaged in securities business, public fund sales, and futures business in mainland China without obtaining the necessary licenses or approvals, violating the Securities Law, the Securities Investment Fund Law, and the Futures and Derivatives Law of the People's Republic of China. The CSRC intends to order the relevant companies to rectify or cease such activities, confiscate illegal gains, and impose fines, with a proposed total fine of approximately 1.85 billion yuan (about 271 million USD).In addition, the CSRC plans to impose a personal fine of 1.25 million yuan (about 183,575 USD) on the company's founder and CEO, Mr. Li Hua. Futu Holdings stated that the proposed fines are still subject to further procedures and the CSRC's final decision.

According to on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet withdrew 684,934 HYPE from Coinbase, worth approximately 40.7 million dollars. This address is a recently created wallet, and the related transfer occurred within the past two days.

On May 22, the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission respectively issued announcements to update guidelines regarding the cross-border securities and futures fund operations of mainland investors. Futu stated that these guidelines and regulations provide unified requirements for the entire industry and that they will steadily advance related compliance work in strict accordance with regulatory agency requirements.Futu emphasized that it had previously completely stopped opening accounts for mainland identity applicants and has been continuously working to combat fraudulent account openings, rejecting tens of thousands of non-compliant account applications over the past two years. Futu has always actively communicated with regulatory agencies and followed their rectification requirements. As of the end of the first quarter of 2026, the proportion of asset clients from mainland China accounted for only 13% of the total asset clients of the entire group.

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.

Institutions such as Anchorpoint Financial, OSL Group, and PantherTrade have successfully completed Hong Kong's first approved stablecoin HKDAP's initial end-to-end financial transaction on the Ethereum public blockchain. This digital asset operates under the supervision of the Hong Kong Monetary Authority.The technical execution was jointly completed by Anchorpoint Financial, a fintech company supported by Standard Chartered Hong Kong, and digital brokers OSL Group and PantherTrade. In this blockchain test, participants directly converted traditional physical Hong Kong dollars into reserve assets, triggering the minting of on-chain digital balances, and after the transaction was completed, exchanged the tokens back to fiat bank balances through a redemption agreement.Standard Chartered provided the custody framework and trust services for this. The stablecoin is scheduled to begin phased public issuance by the end of the second quarter of this year.

According to the latest report from BlockBeats, as the demand for trading traditional financial assets increases among crypto users, Gate is accelerating the evolution of its crypto trading platform into a multi-asset comprehensive financial platform through the "Unified Account" system. Users can trade and allocate five major types of assets within the Gate App, including CFD contracts, perpetual contracts, spot tokens, Pre-IPOs, and crypto assets, further reducing the barriers to cross-platform capital allocation and trading.The report points out that Gate has currently built a unified margin system around TradFi and on-chain assets. Users can conduct cross-product trading through a single USDT account, enhancing capital efficiency. As of May 2026, Gate has launched over 440 CFD targets, covering asset classes such as foreign exchange, metals, global stock indices, popular stocks, and commodities, while maintaining a high frequency of new listings. Additionally, Gate has partnered with platforms like Ondo and xStocks to launch over 75 tokenized stock targets, supporting 24-hour trading of on-chain metal assets such as gold and silver, continuously expanding its layout in the tokenized stock and RWA market.Furthermore, Gate recently launched the SpaceX Pre-IPO project SPCX, with applications for purchasing shares exceeding $353 million within 24 hours, reflecting the rapidly growing market demand for on-chain Pre-IPO asset allocation. In the future, Gate will continue to promote the layout of the next-generation comprehensive financial platform around the unified account, on-chain infrastructure, and global liquidity network.

According to Lookonchain monitoring, trader Evaded (@ICanPlug) has made a profit of over $7,500,000 in less than 4 days with long positions in ZEC and HYPE. He has also opened a new ETH long position with 25x leverage, totaling 18,100 ETH, worth approximately $38,630,000.

According to on-chain monitoring data, in the past two days, Gate's hot wallet has transferred out a total of 372,610.9026 HYPE, which is valued at approximately 20.49 million USD based on the current price.

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.

According to token unlocking data from the crypto asset data platform RootData, Hyperliquid (HYPE) will unlock approximately 9.92 million tokens at 7:00 AM Beijing time on May 29, worth about 572 million dollars.

The cross-chain network Everclear officially announced on social media that it has decided to end the operations of the Everclear Foundation and Labs, and to stop product development. Currently, the protocol has been shut down, and the Everclear UI and chain have ceased operation. The team stated that the remaining TVL in the protocol has been fully withdrawn, and to their knowledge, no user funds are trapped.Regarding the reasons for the shutdown, Everclear stated that although the monthly trading volume had previously reached $500 million, the team failed to establish sufficient commercial depth and convert it into effective revenue due to users' high price sensitivity in the cross-chain solver field. Additionally, the team exhausted its funds (runway) during the transition to a B2B2C model over the past six months, and several acquisition proposals explored were also unsuccessful.For future arrangements, Everclear is conducting an orderly liquidation to address outstanding debts. The team stated that if there are remaining funds after the debts are settled, they will explore repurchasing existing tokens, with a potential total repurchase amount estimated between $50,000 and $200,000, but this has not yet been finalized. Furthermore, the foundation is considering open-sourcing the protocol's intellectual property (IP) to give the DAO the option to continue advancing work under new management; currently, the DAO itself is still operational.

According to The Block, the Ethereum Layer 2 project Zero Network announced that it will officially shut down soon, just about 1.5 years after its launch. Zero Network was launched by the Zerion team in November 2024, positioned as the first EVM-compatible gas-free Rollup, aimed at lowering user barriers and promoting mainstream adoption.The team stated that they will focus resources on Zerion's API and wallet business. Users need to bridge out their NFTs, ETH, and other tokens from the Zero Network by the end of July, as the bridging deposit function has currently been suspended.

SpaceX officially announced that Fram2 mission commander and F2Pool co-founder Wang Chun (@satofishi) will board Starship to execute the company's first crewed interplanetary flight mission.This mission is planned to last approximately two years, with the spacecraft flying out of the Earth-Moon system, passing by Mars before returning to Earth, marking an important milestone in commercial crewed deep space exploration. Wang Chun has previously funded and served as commander to complete the Fram2 polar orbit flight mission, becoming the first entrepreneur to fully fund and personally participate in two commercial crewed space missions.

Syndicate Labs, Everclear, and ZERO Network announced the cessation of operations on the same day, highlighting the deep dilemmas in the blockchain infrastructure sector.Syndicate Labs, a startup supported by a16z and having raised over $27 million, announced its closure after five years of operation, stating that EVM Rollup is no longer the industry standard and the market has fundamentally shifted to custom chains. The cross-chain settlement protocol Everclear (formerly Connext) announced hours later that it would shut down its foundation and lab entities, despite having a monthly trading volume that once reached $500 million, it was unable to convert that volume into revenue, and the CLEAR token dropped about 40% on the same day. The gasless Ethereum Layer 2 ZERO Network built by the crypto wallet Zerion also announced its closure on the same day, with the team shifting focus to the development of Zerion wallet and API products, and users must bridge their funds out by July 31.The common dilemma faced by the three projects is that even with venture capital funding and operational products, it remains difficult to find a sustainable business model to withstand market deterioration.

According to on-chain analyst PeckShield (@PeckShieldAlert), the attacker of the VerusCoin cross-chain bridge has returned 4,052.4 ETH (approximately $8.5 million) to the project team's address (0xF9AB...C1A74), which accounts for 75% of the total stolen amount. The remaining 25% (1,350 ETH, approximately $2.8 million) is retained in the attacker's wallet as a white hat bounty.

According to on-chain analyst PeckShield (@PeckShieldAlert), the VerusCoin cross-chain bridge attacker has returned 4,052.4 ETH (approximately 8.5 million USD) to the project team's address (0xF9AB...C1A74), accounting for 75% of the total stolen amount. The remaining 25% (1,350 ETH, approximately 2.8 million USD) is retained in the attacker's wallet as a white hat bounty.