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Despite ongoing disputes between the U.S. federal government and several state governments over the regulatory authority of prediction markets, platforms related to prediction markets such as Kalshi, Polymarket, Robinhood, and Coinbase continue to increase their business investments.Reports indicate that 17 states have challenged prediction market platforms, with some states arguing that sports event contracts essentially fall under gambling and should be regulated at the state level; meanwhile, the U.S. Commodity Futures Trading Commission (CFTC) asserts that event contracts fall under the category of derivatives and should be federally regulated.At the same time, the U.S. Congress has begun to intervene. James Comer, chairman of the House Oversight and Government Reform Committee, has requested that Kalshi and Polymarket submit documents related to insider trading prevention mechanisms.Despite the uncertainty in the regulatory environment, the valuations of related platforms continue to rise. Kalshi's latest financing has reached a valuation of $22 billion, doubling from $11 billion in December of last year; Polymarket's valuation is reportedly up to $15 billion.Executives from companies such as Flutter Entertainment, DraftKings, and Robinhood have stated that they will continue to invest in the prediction market business and believe that the related regulatory disputes will continue to evolve in the coming years.

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 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 the official announcement, Gate Europe has officially launched its staking service. Users can now stake supported assets to obtain potential returns through a more flexible and convenient on-chain earning method. At the same time, Gate Europe is also launching a limited-time reward event for users on the Gate Europe platform.The event runs from May 22, 2026, to June 6, 2026. Eligible Gate Europe users can participate in the staking event and complete designated tasks to unlock additional rewards, including cash vouchers, fee rebate vouchers, and token airdrops.This launch further reflects Gate Europe's strategic direction of continuously expanding a compliant and localized digital asset earning ecosystem in the European market. Gate is actively advancing its compliance process in Europe, and Gate Group's Malta entity, Gate Europe, has obtained European MiCA and PI licenses under the supervision of the Malta Financial Services Authority (MFSA), further strengthening its global compliance framework. In the future, Gate Europe will continue to enhance its digital asset ecosystem in the European market.

U.S. stocks Up Fintech (TIGR.O) and Futu Holdings (FUTU.O) quickly fell before the market opened, with Up Fintech down more than 38% and Futu Holdings down more than 37%.

According to Blue Whale News, the China Securities Regulatory Commission previously announced that it has initiated an investigation and issued a prior notice of administrative penalties against Tiger Brokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Changqiao Securities (Hong Kong) Limited for illegal securities business operations within the country and related entities.Tiger responded by stating: "The company has noted the relevant notification and will strictly comply with regulatory requirements to actively cooperate with related work. Currently, all of the company's business operations are normal. Tiger always prioritizes compliance and maintains close communication with regulatory agencies."

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 BBX data, yesterday Blockchain.com submitted a confidential IPO application 15 years after its establishment, accelerating the expansion of traditional European trading platforms into cryptocurrency. The core dynamics are as follows:Blockchain.com Group Holdings Inc. (proposed listing) officially announced through a press release on May 21 that it has confidentially submitted a draft S-1 registration statement to the SEC on the same day, intending to issue Class A common stock. The specific number of shares and price range have yet to be determined, and the IPO timeline will depend on market conditions and the SEC review process, with a target to complete the listing by 2026. The company was founded in 2011 by three early members of the Bitcoin Forum, headquartered in Dallas, with 95 million wallets, 43 million verified users, and has processed over $1.1 trillion in cryptocurrency transactions; its products include consumer wallets and trading, institutional products and services, and it has recently expanded into the African market, launching perpetual contract trading through the Hyperliquid protocol; it has about 500 employees, and Bloomberg cited sources: it has been profitable for three consecutive years after adjustments; Series E financing in 2023 raised $110 million, with a valuation of approximately $7 billion (significantly down from the peak of $14 billion in 2022).IG Group Holdings plc (LSE: $IGG) announced on May 21 through an official statement from CoinDesk that its European division IG Europe GmbH will expand its cryptocurrency spot trading services across the EU through a partnership with the Vienna-based cryptocurrency exchange Bitpanda (privately held, holding regulatory licenses from Germany's BaFin and Malta's MiCA), with Bitpanda providing liquidity, trading connections, and comprehensive market data infrastructure support; IG Group's revenue for Q1 2026 is £331.2 million (approximately $445 million), with cryptocurrency spot trading contributing £2.4 million (approximately $3.2 million), accounting for about 0.7% of revenue; the company has around 1.3 million customers globally and is one of the few traditional financial platforms clearly positioned in cryptocurrency spot trading among the constituents of the FTSE 100 index on the London Stock Exchange. The specific timeline for this expansion has not been disclosed.

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 Businesswire, Nasdaq-listed Solana treasury company Solmate Infrastructure announced the issuance of a total of 2,298,000 shares of Class B common stock through a registered directed offering, with an issuance price of $4.97 per share, expected to raise approximately $11.4 million in total funds. The transaction is expected to be completed around May 27, 2026, subject to customary closing conditions.

With HYPE reaching new highs, both bulls and bears on-chain continue to experience a mix of joy and sorrow. As of the time of writing, the largest short seller of HYPE, loracle.hl, has already incurred a floating loss of 25.9 million dollars, with the latest liquidation price at 68.8 dollars. The largest bull address of HYPE has already realized a floating profit of 28.64 million dollars: they opened a long position of 1.38 million HYPE (82 million dollars) at a price of 38.6 dollars last November and have held the position for 7 months.

The asset tokenization platform Securitize is advancing its business merger with the Nasdaq-listed SPAC Cantor Equity Partners II (CEPT) and plans to use this to list on Nasdaq. Securitize founder and CEO Carlos Domingo stated that the company has achieved profitability in the asset tokenization field by establishing partnerships with multiple financial institutions and will leverage the SPAC transaction to accelerate expansion, issuing and trading more assets in digital token form beyond stablecoins.

According to Businesswire, Kraken's parent company Payward announced that it has received preliminary approval for brokerage, investment, and management licenses granted by the Virtual Assets Regulatory Authority (VARA) in Dubai, UAE, to expand its cryptocurrency business in the UAE.Payward expects to offer spot, margin, and OTC trading, staking services, and Kraken Prime services for institutional clients through locally regulated entities, as well as support for peer-to-peer cryptocurrency asset transfer functionality.

According to The Wall Street Journal, the U.S. Department of Commerce announced a total of $2 billion in government subsidies to nine quantum computing companies, including IBM, and will acquire equity in the related transactions. This move aims to accelerate the cultivation of the emerging quantum computing industry and promote the development of more stable and scalable quantum computing systems. The report states that this round of funding is part of the Trump administration's plan to maintain the U.S. competitive advantage in the field of frontier computing and to initiate a "new era of technological innovation."

Bitcoin Treasuries.NET posted on platform X that Elon Musk's SpaceX and Tesla currently hold a total of 30,221 Bitcoins, worth 2.3 billion dollars. If combined, it would become the fifth largest publicly traded company holder of BTC.

According to The Block, large trading firm IG Europe has partnered with Bitpanda to expand its digital asset business in the European Union. IG Europe has taken several measures in recent months to grow its cryptocurrency business, including acquiring the Australian cryptocurrency exchange Independent Reserve and obtaining a MiCA license, allowing it to offer cryptocurrency products and services across the EU.IG also sold its futures trading platform Small Exchange Inc, which it acquired in 2023, to Kraken. IG Europe GmbH is the European subsidiary of the large online trading company IG Group, headquartered in the UK, and is regulated by the Federal Financial Supervisory Authority (BaFin) in Germany. Bitpanda, founded in 2014, is one of the cryptocurrency exchanges in Europe, and the company is considering going public this year.

London-listed technology company The Smarter Web Company increased its holdings by 19 bitcoins, bringing its total holdings to 2,859 bitcoins.

SpaceX's initial public offering (IPO) prospectus (Form S-1) shows that there is extensive business and equity overlap among several companies owned by Elon Musk. In this 330-page document, "Tesla" is mentioned 87 times, "xAI" appears 356 times, "X" appears 267 times, and "The Boring Company" and "Neuralink" are mentioned 7 times and 3 times, respectively. In terms of equity, Tesla holds approximately 19 million shares of SpaceX Class A common stock, accounting for less than 1%. In February of this year, after Musk merged his artificial intelligence company xAI with SpaceX, Tesla's shares in xAI were converted into SpaceX shares.In terms of business transactions, SpaceX purchased $131 million worth of Cybertrucks from Tesla at the manufacturer's suggested retail price. Previously, it was reported that SpaceX purchased 1,279 Cybertrucks in the fourth quarter of 2025, and the prospectus suggests that the actual purchase quantity may be higher. Additionally, SpaceX purchased $697 million worth of Megapack energy storage batteries from Tesla in 2024 and 2025 to stabilize peak demand at its Colossus I and II data centers located in Memphis, Tennessee.The prospectus also reveals the financial pressures brought about by the merger. SpaceX will allocate approximately 60% of its capital expenditures (about $20 billion) to xAI in 2025, but xAI's revenue grew only 22% year-over-year last year, and it incurred losses amounting to billions of dollars. In the risk factors section, SpaceX explicitly lists Musk himself as a major risk. The document states that the company "is highly dependent on Musk's continued services," and his leadership, vision, and technical expertise are crucial to the company's future.At the same time, SpaceX acknowledges that Musk is not always 100% focused on company affairs, and several of his companies may compete with each other or encroach on each other's business in certain areas. Musk is not restricted from engaging in activities that may directly compete with SpaceX, which could lead to potential conflicts of interest in the future. Furthermore, Musk's statements and actions may have positive or negative impacts on the company's business, customer relationships, regulatory relationships, or stock price.

The DAO infrastructure service provider Syndicate announced that it will gradually cease operations. It stated that after five years of continuous development of on-chain developer infrastructure, the Rollup market has undergone fundamental changes. Currently, the Rollup market size has significantly shrunk, with some Rollup projects gradually shutting down, and the market has shifted from EVM Rollups to custom chain models built from scratch by consulting teams, resulting in a significant decline in reusable technology and network value.Syndicate stated that its system consists of two parts: Syndicate Labs, responsible for development, will shut down, while the independent entity Syndicate Network Collective (Wyoming DUNA), which holds SYND tokens and has governance rights, will continue to exist, and SYND governance will not be affected in the short term.In addition, Syndicate emphasized that this decision to cease operations is unrelated to recent cross-chain security incidents, and affected users and SYND holders have received full compensation through treasury reserves, while team and investor tokens are still locked.