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On May 12, according to a report by Yonhap News Agency, data presented by the Financial Supervisory Service of South Korea indicates that as of May 4, 15 virtual asset service providers in South Korea have ceased operations, affecting approximately 1.95 million users with assets totaling around $15.1 million. The Korea Digital Asset Protection Foundation has only assisted 131 users in recovering their assets, amounting to about $51,000, which represents only 0.3% of the total assets. Members of the National Assembly have pointed out that current laws do not mandate that shut-down service providers transfer user assets, and related user protection mechanisms still need improvement.

[South Korean Crypto Service Providers Halt Operations, $15.1 Million in User Assets Remain Unreturned, Recovery Rate Only 0.3%]On May 12, according to a report by Yonhap News Agency, data presented by the Financial Supervisory Service of South Korea indicates that as of May 4, 15 virtual asset service providers in South Korea have ceased operations, affecting approximately 1.95 million users with assets totaling around $15.1 million. The Korea Digital Asset Protection Foundation has only assisted 131 users in recovering their assets, amounting to about $51,000, which represents only 0.3% of the total assets. Members of the National Assembly have pointed out that current laws do not mandate that shut-down service providers transfer user assets, and related user protection mechanisms still need improvement.

South Korean Crypto Service Providers Halt Operations, $15.1 Million in User Assets Remain Unreturned, Recovery Rate Only 0.3%

SD fluctuated by 50.78% within 24 hours, current price $0.2025

【SD24-hour fluctuation exceeds 50%!】SD fluctuated by 50.78% within 24 hours, current price $0.2025

SD24-hour fluctuation exceeds 50%!

On May 12, Aptos announced that after governance voting approval, it will become the first Layer 1 public blockchain to offer a native encrypted mempool. This feature ensures complete confidentiality of transaction intentions without affecting transaction speed, and the trust assumptions are consistent with the network itself, aiming to protect users from frontrunning at the protocol level.

[Aptos Plans to Launch Native Encrypted Mempool]On May 12, Aptos announced that after governance voting approval, it will become the first Layer 1 public blockchain to offer a native encrypted mempool. This feature ensures complete confidentiality of transaction intentions without affecting transaction speed, and the trust assumptions are consistent with the network itself, aiming to protect users from frontrunning at the protocol level.

Aptos Plans to Launch Native Encrypted Mempool

On May 12, U.S. Customs and Border Protection announced that the first batch of refunds for illegal tariffs will begin to be issued, with some American businesses set to receive rebate funds. Last month, the U.S. government launched an online application platform allowing businesses to apply for refunds of tariffs that were previously paid and later deemed illegal by the U.S. Supreme Court. Customs data shows that over 330,000 importers paid a total of approximately $166 billion in related tariffs. As of April 26, at least 75,000 businesses have submitted refund applications. Since early 2025, the U.S. government has invoked the International Emergency Economic Powers Act to implement large-scale tariffs. On February 20 of this year, the U.S. Supreme Court issued a ruling stating that the International Emergency Economic Powers Act does not authorize the president to impose large-scale tariffs, declaring the government's large-scale tariff policy illegal.

[First Batch of Illegal Tariff Refunds to Be Issued on May 12]On May 12, U.S. Customs and Border Protection announced that the first batch of refunds for illegal tariffs will begin to be issued, with some American businesses set to receive rebate funds. Last month, the U.S. government launched an online application platform allowing businesses to apply for refunds of tariffs that were previously paid and later deemed illegal by the U.S. Supreme Court. Customs data shows that over 330,000 importers paid a total of approximately $166 billion in related tariffs. As of April 26, at least 75,000 businesses have submitted refund applications. Since early 2025, the U.S. government has invoked the International Emergency Economic Powers Act to implement large-scale tariffs. On February 20 of this year, the U.S. Supreme Court issued a ruling stating that the International Emergency Economic Powers Act does not authorize the president to impose large-scale tariffs, declaring the government's large-scale tariff policy illegal.

First Batch of Illegal Tariff Refunds to Be Issued on May 12

On May 12, BlackRock's iShares MSCI South Korea ETF, with a size of nearly $23 billion, recorded a net outflow of $1.05 billion last week, marking the largest single-week withdrawal in history. The leveraged product Direxion Daily MSCI South Korea Bull 3X ETF also saw an outflow of $240 million during the same period. (Dongxin News Agency)

[Record Withdrawal from South Korean ETFs]On May 12, BlackRock's iShares MSCI South Korea ETF, with a size of nearly $23 billion, recorded a net outflow of $1.05 billion last week, marking the largest single-week withdrawal in history. The leveraged product Direxion Daily MSCI South Korea Bull 3X ETF also saw an outflow of $240 million during the same period. (Dongxin News Agency)

Record Withdrawal from South Korean ETFs

On May 12, Monad announced an airdrop to selected active traders' wallets. Some users have commented that they have received MON tokens.

[Monad Announces Airdrop to Selected Active Traders' Wallets]On May 12, Monad announced an airdrop to selected active traders' wallets. Some users have commented that they have received MON tokens.

Monad Announces Airdrop to Selected Active Traders' Wallets

On May 12, Ray Dalio, founder of Bridgewater Associates, stated in a post this morning that Bitcoin has not fulfilled its expected role as a safe-haven asset. The reasons include its lack of privacy, the potential for transactions to be monitored or restricted, and its high correlation with tech stocks, which often leads investors to sell Bitcoin for liquidity when other assets are under pressure. Additionally, the relatively small market size of Bitcoin makes it more susceptible to influence, while gold maintains a core position in the global financial system due to its broader ownership and more stable historical status.

[Dalio: Bitcoin Lacks Privacy and Control, Has Not Become a True Safe-Haven Asset]On May 12, Ray Dalio, founder of Bridgewater Associates, stated in a post this morning that Bitcoin has not fulfilled its expected role as a safe-haven asset. The reasons include its lack of privacy, the potential for transactions to be monitored or restricted, and its high correlation with tech stocks, which often leads investors to sell Bitcoin for liquidity when other assets are under pressure. Additionally, the relatively small market size of Bitcoin makes it more susceptible to influence, while gold maintains a core position in the global financial system due to its broader ownership and more stable historical status.

Dalio: Bitcoin Lacks Privacy and Control, Has Not Become a True Safe-Haven Asset

On May 12, the Ethereum Foundation appointed three new co-leads, Will Corcoran, Kev Wedderburn, and Fredrik, to lead the major protocol cluster. The team transition process is now in full swing. Future priorities include the release of Glamsterdam, continued preparations for Hegotà, and the advancement of Strawmap.

[Ethereum Foundation Appoints Three New Co-Leads for Major Protocol Cluster]On May 12, the Ethereum Foundation appointed three new co-leads, Will Corcoran, Kev Wedderburn, and Fredrik, to lead the major protocol cluster. The team transition process is now in full swing. Future priorities include the release of Glamsterdam, continued preparations for Hegotà, and the advancement of Strawmap.

Ethereum Foundation Appoints Three New Co-Leads for Major Protocol Cluster

On May 12, Monad airdropped tokens to the wallets of selected active traders. Some users commented that they have received MON tokens.

[Monad Airdrops Tokens to Selected Active Traders' Wallets]On May 12, Monad airdropped tokens to the wallets of selected active traders. Some users commented that they have received MON tokens.

Monad Airdrops Tokens to Selected Active Traders' Wallets

On March 15 2022 from approximately 17:02 UTC (slot 3378308) a large number of Teku nodes began exhibiting increased garbage collection activity resulting in high CPU usage. Depending on the node this persisted for 30-60 minutes and may have caused the node to fall behind. Teku 22.3.2 has been released with a fix for the performance issue in deposit processing that was the root cause of this problem. Users are recommended to upgrade to 22.3.2.

Detail

【Ethereum client Teku releases v22.3.2】On March 15 2022 from approximately 17:02 UTC (slot 3378308) a large number of Teku nodes began exhibiting increased garbage collection activity resulting in high CPU usage. Depending on the node this persisted for 30-60 minutes and may have caused the node to fall behind. Teku 22.3.2 has been released with a fix for the performance issue in deposit processing that was the root cause of this problem. Users are recommended to upgrade to 22.3.2.

Ethereum client Teku releases v22.3.2

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Ethereum client Teku releases v22.3.2

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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