1. U.S. Senate votes to overturn SEC’s controversial crypto asset accounting regulations
According to the U.S. Senate’s official website, the Senate voted 60 to 38 to overturn the U.S. SEC’s controversial crypto asset accounting regulations.
2. French securities regulator issues a warning to Bybit and may take enforcement action against it
France’s securities regulator has once again issued a warning to crypto exchange Bybit, urging customers to “make arrangements for the possibility that the platform (might) suddenly cease providing services to French customers.”
3. The US Secret Service seized the domain name used to implement the cryptocurrency "pig killing" scam
The U.S. Secret Service has seized a web domain used in a cryptocurrency trust scam called a "scam" in which scammers approach victims through a variety of methods, including dating apps, social media sites, and even random text messages disguised as false numbers.
4. Former pump.fun employee used his position to steal approximately $1.9 million
In the early morning of May 17th, Hong Kong time, the pump.fun contract was attacked, and a former employee used his privileged position in the company to embezzle approximately 12,300 SOL (approximately US$1.9 million).
5. DePIN Layer1 protocol Peaq completes $20 million fundraising through CoinList
DePIN Layer1 protocol Peaq completed a $20 million fundraising through CoinList. More than 14,500 community members contributed more than $36 million, oversubscribing peaq's token issuance on CoinList, making it the largest fundraising event and the issuance event with the highest donation amount on CoinList in more than two years.
6. DTCC, Chainlink and several major U.S. financial institutions complete pilot program to accelerate fund tokenization
The Depository Trust and Clearing Corporation of the United States, DTCC, has completed the "Smart NAV" pilot project with blockchain oracle Chainlink and several major financial institutions in the United States. The project aims to establish a standardized process to aggregate and disseminate fund net asset value (NAV) data on almost any private or public blockchain using Chainlink's interoperability protocol CCIP. Through the completion of the pilot, DTCC "found that by providing structured data on the chain and creating standard roles and processes, the basic data can be embedded in many on-chain use cases, such as tokenized funds and wholesale consumer smart contracts."
7. Hong Kong Monetary Authority: Currently, the digital RMB pilot program does not require real-name registration and cannot be used for personal transfers
The Hong Kong Monetary Authority stated that users can now download and install the "Digital RMB" (English name is e-CNY) wallet application through smartphone application stores, and add value in RMB through 17 retail banks in Hong Kong through FPS. Some of the banks that provide FPS value-added services can provide customers with real-time exchange services, directly exchanging Hong Kong dollars for RMB to add value to digital currency wallets, and the exchange rate will be displayed in real time for customers' reference. Hong Kong residents only need to register with a Hong Kong mobile phone number to open a digital currency wallet in real time, without real-name registration and opening a mainland bank account, and add value to the digital currency wallet through FPS. Currently, the pilot supports the opening of personal wallets by Hong Kong users, which belong to four categories of wallets, which can be used for retail payments, not only limited to the Greater Bay Area, but also for consumption in other mainland pilot areas, but not for personal transfers.
8. China Asset Management’s Bitcoin and Ethereum ETFs have been included in Hong Kong’s new capital investor entry program
Products under China Asset Management (Hong Kong), including Bitcoin Spot ETF and Ethereum Spot ETF, have been included in Hong Kong’s new capital investor entry program.
9. US Bitcoin spot ETF trading volume reached $5.65 billion this week, a record high since March 24
According to Cointelegraph, according to Santiment data, the trading volume of US Bitcoin spot ETFs reached US$5.65 billion this week, the highest since March 24.
