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On May 26, the rulings on controversial contracts on Polymarket are being dominated by a small number of UMA holders. Statistics show that among over 6,400 addresses that participated in Polymarket's dispute resolution voting over the past three years, only 9 whale addresses contributed about half of the UMA voting power and have sided with the winning side in nearly all disputes. As of April 2026, around 230 contracts with a total trading volume exceeding $1 billion entered the dispute resolution process, accounting for less than 1% of all contracts on Polymarket, but the frequency of disputes increases with trading volume. Some traders criticize that this mechanism effectively grants anonymous whales a fact-based decision-making power driven by economic interests, while Polymarket and Risk Labs, responsible for UMA, had originally promised to improve the related processes, which has now been shelved.

[Polymarket Controversial Contract Decisions Dominated by a Few Whales, 9 Addresses Contribute About Half of UMA Voting Power]On May 26, the rulings on controversial contracts on Polymarket are being dominated by a small number of UMA holders. Statistics show that among over 6,400 addresses that participated in Polymarket's dispute resolution voting over the past three years, only 9 whale addresses contributed about half of the UMA voting power and have sided with the winning side in nearly all disputes. As of April 2026, around 230 contracts with a total trading volume exceeding $1 billion entered the dispute resolution process, accounting for less than 1% of all contracts on Polymarket, but the frequency of disputes increases with trading volume. Some traders criticize that this mechanism effectively grants anonymous whales a fact-based decision-making power driven by economic interests, while Polymarket and Risk Labs, responsible for UMA, had originally promised to improve the related processes, which has now been shelved.

Polymarket Controversial Contract Decisions Dominated by a Few Whales, 9 Addresses Contribute About Half of UMA Voting Power

On May 26, analyst Darkfost pointed out that Bitcoin's spot trading volume has plummeted by 81% since October 2025, returning to the low levels seen during the July 2023 bear market. The macro environment remains unfavorable for risk assets: rising inflation pressures and the ongoing U.S.-Iran conflict have led investors to shift towards commodities and traditional stock markets rather than the crypto market, significantly reducing overall market participation. Despite the substantial contraction in spot volume, the sluggish trading activity may indicate that the selling pressure behind the current price pullback is gradually weakening. Historically, similar spot volume collapses have occurred before the end of bear markets in 2023, followed by a return of volatility and the onset of a bull market rebound. Investors should patiently await a future recovery in spot demand and an increase in leverage demand, while also paying attention to macro signals and changes in trading volume to assess whether this is a brewing phase for new opportunities.

[Analysis: BTC Spot Trading Volume Drops to July 2023 Bear Market Levels, Selling Pressure Gradually Weakens]On May 26, analyst Darkfost pointed out that Bitcoin's spot trading volume has plummeted by 81% since October 2025, returning to the low levels seen during the July 2023 bear market. The macro environment remains unfavorable for risk assets: rising inflation pressures and the ongoing U.S.-Iran conflict have led investors to shift towards commodities and traditional stock markets rather than the crypto market, significantly reducing overall market participation. Despite the substantial contraction in spot volume, the sluggish trading activity may indicate that the selling pressure behind the current price pullback is gradually weakening. Historically, similar spot volume collapses have occurred before the end of bear markets in 2023, followed by a return of volatility and the onset of a bull market rebound. Investors should patiently await a future recovery in spot demand and an increase in leverage demand, while also paying attention to macro signals and changes in trading volume to assess whether this is a brewing phase for new opportunities.

Analysis: BTC Spot Trading Volume Drops to July 2023 Bear Market Levels, Selling Pressure Gradually Weakens

On May 26, Reuters reported that the European Union plans to impose a fine on Google amounting to nearly €1 billion, which would be the largest penalty issued under the Digital Markets Act (DMA). The announcement is expected to be made before the summer break. The investigation officially began in March 2025, with the main allegation being that Google prioritized its own services in search results, violating relevant DMA regulations. The European Commission stated that its primary goal is to ensure Google's compliance rather than solely pursuing fines, but emphasized that it will not hesitate in advancing subsequent steps. Google criticized the DMA regulations for causing the largest downgrade to its search products in history and expressed a desire to resolve the dispute quickly.

[EU Plans to Fine Google Nearly €1 Billion]On May 26, Reuters reported that the European Union plans to impose a fine on Google amounting to nearly €1 billion, which would be the largest penalty issued under the Digital Markets Act (DMA). The announcement is expected to be made before the summer break. The investigation officially began in March 2025, with the main allegation being that Google prioritized its own services in search results, violating relevant DMA regulations. The European Commission stated that its primary goal is to ensure Google's compliance rather than solely pursuing fines, but emphasized that it will not hesitate in advancing subsequent steps. Google criticized the DMA regulations for causing the largest downgrade to its search products in history and expressed a desire to resolve the dispute quickly.

EU Plans to Fine Google Nearly €1 Billion

zest Surges 20.80% in 24H, Currently at 0.192183 USDT

【zest currently trades at 0.192183 USDT, up 20.80% in 24h, according to HTX market data.】zest Surges 20.80% in 24H, Currently at 0.192183 USDT

zest currently trades at 0.192183 USDT, up 20.80% in 24h, according to HTX market data.

On May 26, the Hong Kong Treasury and the Hong Kong Securities and Futures Commission released a consultation summary regarding the regulatory framework for providing advice and managing virtual assets. The proposed licensing system for virtual asset advisory and management received broad support during the consultation period. Following the principle of 'same business, same risks, same rules', the scope of the new licensing system will align with the regulated activities under Class 4 (advising on securities) and Class 9 (asset management) of the Securities and Futures Ordinance. Along with the proposed licensing systems for virtual asset trading and custody, this series of regulations will enhance participation in Hong Kong's digital asset market and contribute to building a robust and secure ecosystem under the SFC's 'ASPIRe' roadmap.

[Hong Kong Treasury and Securities Commission: Consultation Summary on Regulatory Framework for Virtual Asset Advisory and Management Services]On May 26, the Hong Kong Treasury and the Hong Kong Securities and Futures Commission released a consultation summary regarding the regulatory framework for providing advice and managing virtual assets. The proposed licensing system for virtual asset advisory and management received broad support during the consultation period. Following the principle of 'same business, same risks, same rules', the scope of the new licensing system will align with the regulated activities under Class 4 (advising on securities) and Class 9 (asset management) of the Securities and Futures Ordinance. Along with the proposed licensing systems for virtual asset trading and custody, this series of regulations will enhance participation in Hong Kong's digital asset market and contribute to building a robust and secure ecosystem under the SFC's 'ASPIRe' roadmap.

Hong Kong Treasury and Securities Commission: Consultation Summary on Regulatory Framework for Virtual Asset Advisory and Management Services

On May 26, Iranian media Fars News reported, citing sources close to the negotiations, that the unfreezing of Iranian funds is the last major obstacle between Iran and the United States, which is being addressed through mediation by Qatar. Negotiations will not take place until Iran receives the frozen funds. This has not yet been officially confirmed.

[Iranian Funds Unfreeze: Last Major Obstacle to US-Iran Talks]On May 26, Iranian media Fars News reported, citing sources close to the negotiations, that the unfreezing of Iranian funds is the last major obstacle between Iran and the United States, which is being addressed through mediation by Qatar. Negotiations will not take place until Iran receives the frozen funds. This has not yet been officially confirmed.

Iranian Funds Unfreeze: Last Major Obstacle to US-Iran Talks

On May 26, the XRP Ledger will launch the fixCleanup3_1_3 upgrade tomorrow, which will automatically delete expired NFT listings and fix errors in treasury withdrawals, permission domains, and loan accounting.

[XRP Ledger to Launch fixCleanup3_1_3 Upgrade Tomorrow]On May 26, the XRP Ledger will launch the fixCleanup3_1_3 upgrade tomorrow, which will automatically delete expired NFT listings and fix errors in treasury withdrawals, permission domains, and loan accounting.

XRP Ledger to Launch fixCleanup3_1_3 Upgrade Tomorrow

On May 26, Bloomberg reported that the resolutions of disputed contracts on Polymarket are being dominated by a small number of UMA holders. Bloomberg's statistics show that among over 6,400 addresses that participated in voting on Polymarket dispute resolutions over the past three years, just 9 major wallets contributed approximately half of the UMA voting power and sided with the winning side in almost all disputes. As of April 2026, around 230 contracts with a total trading volume exceeding $1 billion entered the dispute resolution process, accounting for less than 1% of all contracts on Polymarket, but the frequency of disputes increases with the scale of trading. Some traders criticize that this mechanism effectively grants anonymous whales a fact-determining power driven by economic interests, while Polymarket and Risk Labs, responsible for UMA, had originally promised to improve the related processes, which have now been shelved.

[Bloomberg: 9 Major Wallets Dominate Polymarket's Billion-Dollar Dispute Resolutions]On May 26, Bloomberg reported that the resolutions of disputed contracts on Polymarket are being dominated by a small number of UMA holders. Bloomberg's statistics show that among over 6,400 addresses that participated in voting on Polymarket dispute resolutions over the past three years, just 9 major wallets contributed approximately half of the UMA voting power and sided with the winning side in almost all disputes. As of April 2026, around 230 contracts with a total trading volume exceeding $1 billion entered the dispute resolution process, accounting for less than 1% of all contracts on Polymarket, but the frequency of disputes increases with the scale of trading. Some traders criticize that this mechanism effectively grants anonymous whales a fact-determining power driven by economic interests, while Polymarket and Risk Labs, responsible for UMA, had originally promised to improve the related processes, which have now been shelved.

Bloomberg: 9 Major Wallets Dominate Polymarket's Billion-Dollar Dispute Resolutions

On May 26, the Hong Kong Financial Services and the Treasury Bureau and the Hong Kong Securities and Futures Commission published a consultation summary regarding the regulatory framework for providing advice and managing virtual assets. The proposed advisory and licensing regime for virtual assets received broad support from the market during the consultation period. Following the principle of 'same business, same risks, same rules,' the new licensing regime will align with the scope of regulated activities under Class 4 (advising on securities) and Class 9 (asset management) of the Securities and Futures Ordinance. Along with the proposed licensing regime for virtual asset trading and custody, this series of new regulations will enhance participation in Hong Kong's digital asset market and contribute to building a robust and secure ecosystem under the SFC's 'ASPIRe' roadmap. (Hong Kong Securities and Futures Commission)

[Consultation Summary on Regulatory Framework for Virtual Asset Advisory and Management Services]On May 26, the Hong Kong Financial Services and the Treasury Bureau and the Hong Kong Securities and Futures Commission published a consultation summary regarding the regulatory framework for providing advice and managing virtual assets. The proposed advisory and licensing regime for virtual assets received broad support from the market during the consultation period. Following the principle of 'same business, same risks, same rules,' the new licensing regime will align with the scope of regulated activities under Class 4 (advising on securities) and Class 9 (asset management) of the Securities and Futures Ordinance. Along with the proposed licensing regime for virtual asset trading and custody, this series of new regulations will enhance participation in Hong Kong's digital asset market and contribute to building a robust and secure ecosystem under the SFC's 'ASPIRe' roadmap. (Hong Kong Securities and Futures Commission)

Consultation Summary on Regulatory Framework for Virtual Asset Advisory and Management Services

Житель города Кызыла в Республике Тыва лишился 5,5 млн рублей, поверив, что сможет заработать на инвестициях в криптовалюты. Большую часть денег россиянин получил от продажи квартиры, сообщила полиция.

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bill soared to 0.124024 USDT, a new high with a 24-hour increase of -6.17%. It currently trades at 0.102651 USDT on HTX.

genius soared to 0.7435 USDT, a new high with a 24-hour increase of -4.92%. It currently trades at 0.6763 USDT on HTX.

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Clause de non-responsabilité：Le contenu ci-dessus ne représente pas les positions de HTX.，HTX ne fournit pas de recommandations de trading.。

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