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5/20
08:05
Svmuu News: Tether announced that it has acquired the shares of Twenty One Capital (XXI) held by SoftBank Group, further increasing its controlling stake in the company. Following the transaction, SoftBank's appointed board member at XXI has resigned in accordance with the shareholder agreement. Tether stated that this move reflects its strong and ongoing bullish view on XXI's long-term Bitcoin strategy, considering it one of the most significant opportunities to "build a publicly listed company from scratch around Bitcoin." Tether CEO Paolo Ardoino noted that SoftBank provided important institutional resources and strategic perspectives during the company's early development stage, while Tether's confidence in XXI has "further strengthened."
08:05
Svmuu reported that sources said Pakistan's Interior Minister is in Tehran for a new round of talks. It is understood that the United States has intensified its demands regarding Iran's nuclear program and the security of the Strait of Hormuz, while indicating it will not soften its stance on these two core issues. Sources said Washington has shown only limited flexibility in easing sanctions, and Iran remains unconvinced by US assurances to avoid the recurrence of conflict. (Jin Shi)
08:02
Svmuu reports that Catena Labs, an AI financial infrastructure company founded by Sean Neville, co-founder of stablecoin issuer Circle, has announced the completion of a $30 million Series A funding round. The round was co-led by Acrew Capital and Andreessen Horowitz's a16z crypto, with participation from Breyer Capital, General Catalyst, QED, and others. Catena Labs focuses on building "AI-native banking" infrastructure, aiming to enable AI agents to securely execute financial operations such as payments, transfers, and fund management. The company also announced that it has applied for a New York National Trust Bank charter with the Office of the Comptroller of the Currency (OCC) to support payment processing and customer fund custody. (Fortune)
07:58
According to Svmuu, U.S. mortgage rates rose to near two-month highs last week, dragging down home purchase activity. Data released Wednesday by the Mortgage Bankers Association (MBA) showed that for the week ending May 15, the contract rate on a 30-year fixed-rate mortgage increased by 10 basis points to 6.56%, slightly below the 6.57% recorded at the end of March.
Since the outbreak of the Iran war at the end of February, the rate has accumulated an increase of nearly half a percentage point. The home purchase loan application index fell 4.1%, marking its largest drop since the week ending March 20. The MBA refinance index also edged lower. (Jin Shi)
07:55
Svmuu reports that crypto research firm K33 stated that although Bitcoin has retested its 200-day moving average around $82,000 this month and subsequently fallen by about 6%, the low near $60,000 in February this year may still represent the maximum drawdown of this cycle. K33 Research Head Vetle Lunde pointed out that unlike the bear market rallies in 2014, 2018, and 2022, this market experienced a slow recovery lasting 189 days after breaking below the 200-day moving average. Furthermore, market leverage and risk appetite have not been quickly rebuilt. Therefore, the current trend resembles a moderate correction rather than a precursor to another sharp decline.
K33 also noted that institutional fund flows still reflect a defensive sentiment. The latest 13F filings show that institutional investors reduced their holdings by a total of approximately 26,733 BTC in the first quarter, while retail investors increased their holdings by about 19,395 BTC. Neutral strategy institutions like Jane Street and Millennium accounted for most of this reduction. Additionally, Bitcoin ETFs recently recorded the ninth-largest five-day capital outflow since the launch of U.S. spot ETFs. K33 believes this typically occurs when BTC is near the cost basis of ETF holdings, reflecting investors' tendency to cut losses or reduce risk exposure after experiencing significant drawdowns. (The Block)
07:55
Svmuu News, newly unsealed court documents reveal that Wall Street quantitative trading giant Jane Street is accused of obtaining non-public information from Terraform Labs through a private Telegram group called "Bryce’s Secret" before the 2022 Terra collapse. The firm allegedly sold approximately $192 million in UST early while establishing short positions, profiting around $134 million as the Terra ecosystem's roughly $40 billion imploded. The complaint states that on May 7, 2022, just nine minutes after Terraform withdrew $150 million in liquidity from the Curve pool, Jane Street sold about $85 million in UST on Curve, and the wallets involved were subsequently suspected to be key addresses that triggered UST's de-pegging. Jane Street denied the allegations, calling the lawsuit "baseless" and vowing to vigorously defend itself. The lawsuit also names co-founder Robert Granieri and trader Michael Huang, accusing them of violating federal securities laws and the Commodity Exchange Act. (CoinDesk)
07:48
Svmuu reported that according to Onchain Lens monitoring, Whale Evaded (0x865...20d) has opened a long position of 8,000 ETH with 25x leverage, valued at $17 million. It still holds long positions in ZEC and HYPE with 10x leverage, with floating profits exceeding $2.3 million.
07:46
Svmuu reports, Soluna Holdings, a Nasdaq-listed company primarily focused on crypto computing and artificial intelligence, announced it has acquired all remaining equity interests in the Dorothy 1B project for approximately $8.8 million, achieving 100% control of the project. Following the equity consolidation, the company will leverage its proprietary computing campus to enhance infrastructure deployment, accelerate the upgrade of its business structure, and expand into the fields of artificial intelligence and high-performance computing. (Businesswire)
07:42
Svmuu News The global tax "eye in the sky", CRS 2.0, is accelerating its worldwide implementation, with crypto assets, CBDCs, and certain electronic currency products now included in the scope of financial asset reporting. Hong Kong plans to implement CRS 2.0 by 2028 and simultaneously advance the Crypto-Asset Reporting Framework (CARF). In the future, cryptocurrency exchanges, brokers, and crypto ATM operators will be required to report on conversions between cryptocurrencies and fiat currencies, cross-currency crypto asset exchanges, and the transfer of crypto assets across borders. Reporting must accurately mark the full name of the asset, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), etc., and report the total market value, total holdings, and number of transactions based on transaction dimensions. For retail payment transactions, individual transactions amounting to $50,000 or more must be reported on a case-by-case basis.
Although Mainland China has not yet officially announced a timeline for CRS 2.0 implementation, since 2025, tax authorities in multiple regions have successively notified taxpayers via phone calls and text messages to self-report their overseas income for the 2022-2024 tax years and pay taxes according to law. It is understood that CRS 2.0 will not only fully expose overseas holdings of crypto assets to tax regulatory scrutiny, but may also trigger coordinated investigations by other regulatory departments. (Caixin)
07:34
According to monitoring by on-chain analyst Ai Yi, a whale who previously bought SATO at an average price of $1.41 and exited with a loss of $215,000 has spent another $463,000 through OKX DEX over the past 2 hours to purchase 489,000 SATO at an average price of $0.9465. This address now holds 2.69% of the token's supply, rising to the top of the holder rankings.
07:31
Svmuureports: According to an official announcement, Gate has launched Zest Protocol (ZEST) perpetual contract live trading (USDT-settled), supporting 1-20x leverage.
Gate has also added ZEST unified account borrowing, isolated margin trading pairs, and simultaneously launched ZEST savings, flexible lending, and fixed-term lending features. ZEST flash swap, trading bots, copy trading, and recurring buy functions are now available.
07:30
1. Goldman Sachs sells over $100 million XRP, $500 million ETH, and $450 million BTC, buying HYPE;
2. BIT: HYPE has risen over 100% from its 2026 low, mainly due to trading in asset contracts outside crypto;
3. Vitalik Buterin: Ethereum is advancing several short-term measures to achieve native privacy;
4. Iran's Revolutionary Guard: If Iran is attacked again, the war will extend beyond the region;
5. Ministry of Foreign Affairs responds to China-US economic and trade cooperation: China and the US will lock in economic and trade results as soon as possible;
6. Stablecoin supply hits an all-time high, surpassing $323 billion;
7. South Carolina Governor signs Crypto Rights Bill, banning state-level CBDC use and protecting self-custody and digital assets;
8. Report: Market expectations shift from "rate cuts" to "rate hikes," weakening Bitcoin's rebound momentum;
9. Binance Research: Illegal cryptocurrency transaction volume accounts for less than 1% of total transaction volume;
10. a16z withdraws another 44,500 HYPE from Gate.
07:30
Svmuureported that according to Lookonchain monitoring, HYPE briefly broke through $50. In the past 3 hours, a whale deposited 19 million USDC into Hyperliquid to buy HYPE. As of now, the whale has bought 76,600 HYPE, worth $3.8 million, and the buying is still ongoing.
07:21
Svmuu News: On the 20th local time, Iranian President Pezeshkian stated that under the recent special circumstances and wartime conditions, Iran's oil industry ensured that the country's fuel production and supply chain did not experience any interruptions. (Jin Shi)
07:17
Svmuu News At 24:00 on May 21, the adjustment window for domestic refined oil products will open again. According to China Business News, institutions predict that, as international crude oil prices fluctuated during this adjustment cycle, refined oil product prices are set to see their 8th increase this year. Based on calculations by JLC Network Technology, as of May 20, the average price of reference crude oil varieties was $105.09 per barrel, and it is estimated that domestic gasoline and diesel retail prices will rise by 110 yuan per ton. Taking 92-octane gasoline as an example, the increase per liter will be around 8 cents. "With one working day remaining before the adjustment window opens, this increase in refined oil product retail price caps is highly probable, with the final magnitude expected to exceed 100 yuan per ton," said Wang Luqing, an analyst at Zocen Information. He estimates that the per-liter increase for 92-octane gasoline and 0# diesel will be around 9 cents, and filling a 50-liter tank of 92-octane gasoline will cost about 4.5 yuan more. Liu Bingjuan, an analyst at Longzhong Information on refined oil products, also predicted that at 24:00 on May 21, domestic refined oil products will be adjusted upward by about 90 yuan per ton. For a 70-liter fuel tank, a private car owner will spend about 5 yuan more to fill up the tank. (Jin Shi)
07:01
Svmuu reported that Strive's SATA has purchased approximately 218 BTC over the past two days. If SATA maintains this purchasing pace this week, its weekly BTC acquisition volume will break the previous record of 371 BTC. (BitcoinTreasuries.NET)
06:10
Svmuureports that Binance Alpha will list Nexus (NEX) and open trading at 22:00 (UTC+8) on May 20. Users holding at least 210 Binance Alpha points can claim a total airdrop of 20,000,250 NEX tokens on the Alpha campaign page, on a first-come, first-served basis. If the campaign has not ended, the points threshold will automatically decrease by 5 points every 5 minutes. Claiming will consume 15 Binance Alpha points, and users must confirm their claim on the Alpha campaign page within 24 hours, otherwise the claim will be considered forfeited.
06:07
Svmuureported that Bitget has announced a new market governance framework to further strengthen the ongoing oversight of listed assets, project teams, and market makers. The framework will focus on enhancing post-listing market monitoring mechanisms, tightening project team responsibility requirements, and accelerating the platform’s response and remediation processes when identifying abnormal trading behavior or suspicious wallet activity, aiming to improve market fairness and user protection.
06:07
Svmuu reported that according to data from msx.com, crypto-related stocks are broadly higher in pre-market trading, with CRCL up 2%, COIN up 1.55%, MSTR up 2.28%, SBET up 0.96%, and HOOD up 1.33%.
It is understood that msx.com is a decentralized RWA trading platform that has listed hundreds of RWA tokens, covering US stocks and ETF tokenized assets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.
06:01
Svmuu News: Privacy computing company Zama has acquired the enterprise-level token lifecycle management platform TokenOps, aiming to introduce fully homomorphic encryption (FHE) into institutional-grade token vesting, airdrops, and cap table management.
Zama stated that TokenOps has processed over $2 billion in distribution business. Following the acquisition, issuers will be able to execute the entire lifecycle of token allocation, release schedules, and recipient identity on-chain using encryption, based on the ERC-7984 confidential token standard. This solution has already been deployed in KAIO's production environment, with its partner institutions including BlackRock, Hamilton Lane, and Brevan Howard. TokenOps will continue to operate as an independent brand after the acquisition.

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