Morning Post | Michael Saylor Says This Week's Buy Was Bonds, Not Bitcoin; StablR Suffers Attack Losing Approximately $2.8 Million; US Congress Reintroduces Bitcoin Reserve Bill

链捕手Publicado a 2026-05-25Actualizado a 2026-05-25

Resumen

This cryptocurrency industry digest covers key developments from May 25. MicroStrategy's Michael Saylor clarified the company purchased bonds, not Bitcoin, this week. In regulatory news, the US Congress reintroduced a Bitcoin reserve bill, with Republican backing aiming to accumulate 5% of global supply. The legal and audit firms for the collapsed FTX agreed to a $66 million settlement over fraud allegations. Several CFTC officials skeptical of prediction market oversight were reportedly suspended and forced out. On the security front, the StablR stablecoin was attacked and de-pegged, resulting in an estimated $2.8 million loss for the attacker. The Ethereum Foundation faced criticism, though a researcher defended its core protocol-building mission over influencing ETH's price. Market data from GMGN showed the top 24-hour trending meme tokens on ETH were HEX, SHIB, LINK, PEPE, and mUSD. On Solana, leaders were TROLL, neet, WORLDCUP, HANTA, and Buttcoin. Base chain's top tokens included TOSHI, KEYCAT, BRETT, CLANKER, and LUNA. Featured articles included an a16z analysis arguing tokenization, or real-world assets (RWA), is fundamentally transforming asset nature and financial systems, with the market growing tenfold to ~$34 billion in two years. Another piece deconstructed Hyperliquid's success through a five-layer financial stack framework, emphasizing the critical importance of building from a robust settlement layer upward.

Compiled by: ChainCatcher

Key News:

Former FTX Law Firm and Auditor Agree to Pay $66 Million to Settle Fraud Allegations
StablR Stablecoin Depegs After Attack, Attacker Profited Approximately $2.8 Million
Ethereum Foundation Frequently Criticized, Researcher Defends Its Mission is to Build Protocol, Not Pump ETH
Multiple CFTC Officials Who Questioned Prediction Market Regulation Suspended and Forced to Resign
US Congress Reintroduces Bitcoin Reserve Bill, Republicans Plan to Push for Accumulating 5% of Global Bitcoin
Michael Saylor: This Week's Buy Was Bonds, Not Bitcoin

What Happened in the Past 24 Hours?

US Congress Reintroduces Bitcoin Reserve Bill, Republicans Plan to Push for Accumulating 5% of Global Bitcoin

Meme Top Charts

According to meme token tracking and analysis platform GMGN market data, as of May 25th, 09:00,

Top 5 popular ETH tokens in the past 24h are: HEX, SHIB, LINK, PEPE, mUSD

Top 5 popular Solana tokens in the past 24h are: TROLL, neet, WORLDCUP, HANTA, Buttcoin

Top 5 popular Base tokens in the past 24h are: TOSHI, KEYCAT, BRETT, CLANKER, LUNA

What are the Must-Read Articles in the Past 24 Hours?

a16z: 7 Charts to Understand How Tokenization Changes the Nature of Assets

Tokenized Assets, also known as 'Real World Assets (RWA)', are changing the form of assets, how they flow, and how the financial system is built.

Just last month, the tokenized asset market size surpassed $30 billion, currently hovering around $34 billion (excluding stablecoins). This scale is roughly equivalent to a regional bank or a top-tier university endowment fund. While still very small compared to the global financial system, it is already large enough to have real impact.

Just two years ago, the tokenized asset market was less than $3 billion, but then the market underwent dramatic changes: the US GENIUS Act brought a clearer regulatory framework for stablecoins, institutional-grade on-chain infrastructure matured, and a large number of financial institutions began deploying blockchain technology almost simultaneously. It was under the push of these factors that the tokenized asset market grew 10-fold in less than two years.

Decoding the Secret to Hyperliquid's Success Through a Five-Layer Financial Stack

The construction of institutional-grade financial infrastructure often follows a pattern. You don't start with the most expressive product and then work backwards.

You start with the settlement layer, prove it works under stress, and then unlock all the features that depend on it.

The New York Stock Exchange didn't add derivatives before it had a well-functioning stock market. The Chicago Mercantile Exchange didn't launch options before it launched futures.

This order is not arbitrary. The order of the foundational layers determines the possibilities of the superstructure.

Hyperliquid understands this well.

Preguntas relacionadas

QWhat is Michael Saylor's recent purchase, according to the title and the 'Important News' section of the article?

AAccording to the article, Michael Saylor stated that the purchase made this week was bonds, not Bitcoin.

QWhat is the reported loss from the StablR attack mentioned in the article?

AThe StablR stablecoin project suffered an attack resulting in a loss of approximately 2.8 million USD.

QWhat legislation related to Bitcoin is being promoted again by the US Congress, as per the article?

AThe US Congress is once again promoting a Bitcoin reserve bill. Specifically, Republicans are reportedly pushing a plan to accumulate 5% of the world's Bitcoin.

QWhich two companies related to FTX agreed to a settlement over fraud allegations, and for what amount?

AFTX's former law firm and auditing agency agreed to pay 66 million USD to settle fraud allegations.

QWhat is the core argument made by the Ethereum Foundation researcher mentioned in the 'Important News' section?

AThe researcher defended the Ethereum Foundation, stating that its mission is to build the protocol, not to pump the price of ETH.

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