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On May 30, Jason Smith, chairman of the U.S. House Ways and Means Committee, stated that digital asset tax legislation must receive bipartisan support to advance. Subsequently, U.S. Representatives Steven Horsford, Max Miller, Suzan DelBene, and Mike Carey jointly introduced the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Revenue Act (PARITY Act). This bill aims to update digital asset tax rules, provide a clearer regulatory framework for the market, enhance investor protection, and prevent market manipulation. Representative Steven Horsford indicated that the bill will help ordinary investors participate more safely in the digital asset market and promote wealth accumulation opportunities. Max Miller argued that the current U.S. tax laws are inadequate to keep pace with the rapid development of digital assets and modern financial technology. Currently, the PARITY Act and the advancing CLARITY Act are seen as crucial components in establishing a comprehensive regulatory framework for crypto assets in the U.S. Congress released a discussion draft on tax policy in March this year and held a bipartisan roundtable in May to discuss the tax framework for crypto assets. The market is closely watching whether the CLARITY Act can be passed by 2026. Analysts believe that if both the CLARITY Act and the PARITY Act are ultimately legislated, along with subsequent rule-making for the GENIUS Act, the U.S. crypto industry will experience a clearer regulatory environment, further pushing Web3 and DeFi into the mainstream financial system.

[U.S. Congress Advances Bipartisan Crypto Tax Legislation, Potentially Next Major Bill After CLARITY Act]On May 30, Jason Smith, chairman of the U.S. House Ways and Means Committee, stated that digital asset tax legislation must receive bipartisan support to advance. Subsequently, U.S. Representatives Steven Horsford, Max Miller, Suzan DelBene, and Mike Carey jointly introduced the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Revenue Act (PARITY Act). This bill aims to update digital asset tax rules, provide a clearer regulatory framework for the market, enhance investor protection, and prevent market manipulation. Representative Steven Horsford indicated that the bill will help ordinary investors participate more safely in the digital asset market and promote wealth accumulation opportunities. Max Miller argued that the current U.S. tax laws are inadequate to keep pace with the rapid development of digital assets and modern financial technology. Currently, the PARITY Act and the advancing CLARITY Act are seen as crucial components in establishing a comprehensive regulatory framework for crypto assets in the U.S. Congress released a discussion draft on tax policy in March this year and held a bipartisan roundtable in May to discuss the tax framework for crypto assets. The market is closely watching whether the CLARITY Act can be passed by 2026. Analysts believe that if both the CLARITY Act and the PARITY Act are ultimately legislated, along with subsequent rule-making for the GENIUS Act, the U.S. crypto industry will experience a clearer regulatory environment, further pushing Web3 and DeFi into the mainstream financial system.

U.S. Congress Advances Bipartisan Crypto Tax Legislation, Potentially Next Major Bill After CLARITY Act

On May 30, France's Le Monde reported new developments in an investigation into a cryptocurrency-related kidnapping case that occurred in 2023. French law enforcement discovered a multinational money laundering network involving multiple countries and cryptocurrency wallets while tracing the flow of a €1.7 million cryptocurrency ransom. The victim was the father of a well-known cryptocurrency gambling influencer, 'TeufeurS.' The kidnappers threatened the victim's family via text message and demanded the ransom be paid in cryptocurrency. Ultimately, TeufeurS transferred a total of €1.7 million to the kidnappers' designated wallet in two transactions, after which his father was released. The investigation revealed that part of the ransom flowed into wallet accounts controlled by foreign nationals after being transferred through multiple layers. One transfer of $131,000 was successfully traced by the French gendarmerie, leading to a cryptocurrency wallet controlled by Venezuelan individuals. The case further highlights the complex chain of money laundering utilized by criminal organizations through cross-border cryptocurrency transfers, anonymous wallets, and overseas platforms. This case is seen as one of the significant examples of kidnapping and extortion in the European cryptocurrency sector and may serve as an early template for multiple kidnapping cases targeting cryptocurrency practitioners in France and Europe in 2025.

[French Cryptocurrency Kidnapping Case Uncovers International Money Laundering Network: Ransom Flowing to Venezuelan Wallets]On May 30, France's Le Monde reported new developments in an investigation into a cryptocurrency-related kidnapping case that occurred in 2023. French law enforcement discovered a multinational money laundering network involving multiple countries and cryptocurrency wallets while tracing the flow of a €1.7 million cryptocurrency ransom. The victim was the father of a well-known cryptocurrency gambling influencer, 'TeufeurS.' The kidnappers threatened the victim's family via text message and demanded the ransom be paid in cryptocurrency. Ultimately, TeufeurS transferred a total of €1.7 million to the kidnappers' designated wallet in two transactions, after which his father was released. The investigation revealed that part of the ransom flowed into wallet accounts controlled by foreign nationals after being transferred through multiple layers. One transfer of $131,000 was successfully traced by the French gendarmerie, leading to a cryptocurrency wallet controlled by Venezuelan individuals. The case further highlights the complex chain of money laundering utilized by criminal organizations through cross-border cryptocurrency transfers, anonymous wallets, and overseas platforms. This case is seen as one of the significant examples of kidnapping and extortion in the European cryptocurrency sector and may serve as an early template for multiple kidnapping cases targeting cryptocurrency practitioners in France and Europe in 2025.

French Cryptocurrency Kidnapping Case Uncovers International Money Laundering Network: Ransom Flowing to Venezuelan Wallets

On May 30, Bloomberg ETF analyst Eric Balchunas stated on platform X that the iShares Bitcoin Premium Income ETF (BITA) has submitted its third version of the S-1 amendment. The fees have not yet been disclosed, but the issuer (BlackRock) is clearly actively adjusting the product.

[BlackRock Submits Third Version of S-1 for iShares Bitcoin Premium Income ETF]On May 30, Bloomberg ETF analyst Eric Balchunas stated on platform X that the iShares Bitcoin Premium Income ETF (BITA) has submitted its third version of the S-1 amendment. The fees have not yet been disclosed, but the issuer (BlackRock) is clearly actively adjusting the product.

BlackRock Submits Third Version of S-1 for iShares Bitcoin Premium Income ETF

On May 30, as the demand for training and inference of artificial intelligence models surged, the global supply of high-performance GPUs continued to be tight, with Nvidia's high-end chip delivery cycles extending to several weeks. Market analysis suggests that cryptocurrency projects capable of integrating idle computing power and providing decentralized GPU services are likely to become major beneficiaries in the AI computing expansion cycle. The most notable cryptocurrency projects currently include: · Render (RENDER): Initially focused on rendering computation, it has now expanded into the AI inference field, linking computing power demand with token value through a Burn-and-Mint mechanism. · Akash Network (AKT): A decentralized cloud computing platform that saw its computing power expenditure reach a record high of $5 million in the first quarter of 2026, providing low-cost GPU rental services for AI companies. · io.net (IO): Aggregating tens of thousands of GPUs globally, it claims to reduce AI computing costs by up to 70%, becoming an important infrastructure project in the DePIN AI sector. · Bittensor (TAO): Incentivizing contributions from models, data, and computing power through a 'proof of intelligence' mechanism to build a decentralized AI network. Analysts believe that with the rapid growth of AI agents, autonomous agents, and inference demand, decentralized computing networks are expected to meet some of the needs that traditional cloud providers struggle to fulfill. Compared to centralized services like AWS and Azure, these platforms typically offer a cost advantage of 50% to 90% and attract idle GPU resources globally into the network through token incentives.

[AI Super Cycle Creates Computing Power Gap, Render and Bittensor Among Major Beneficiaries]On May 30, as the demand for training and inference of artificial intelligence models surged, the global supply of high-performance GPUs continued to be tight, with Nvidia's high-end chip delivery cycles extending to several weeks. Market analysis suggests that cryptocurrency projects capable of integrating idle computing power and providing decentralized GPU services are likely to become major beneficiaries in the AI computing expansion cycle. The most notable cryptocurrency projects currently include: · Render (RENDER): Initially focused on rendering computation, it has now expanded into the AI inference field, linking computing power demand with token value through a Burn-and-Mint mechanism. · Akash Network (AKT): A decentralized cloud computing platform that saw its computing power expenditure reach a record high of $5 million in the first quarter of 2026, providing low-cost GPU rental services for AI companies. · io.net (IO): Aggregating tens of thousands of GPUs globally, it claims to reduce AI computing costs by up to 70%, becoming an important infrastructure project in the DePIN AI sector. · Bittensor (TAO): Incentivizing contributions from models, data, and computing power through a 'proof of intelligence' mechanism to build a decentralized AI network. Analysts believe that with the rapid growth of AI agents, autonomous agents, and inference demand, decentralized computing networks are expected to meet some of the needs that traditional cloud providers struggle to fulfill. Compared to centralized services like AWS and Azure, these platforms typically offer a cost advantage of 50% to 90% and attract idle GPU resources globally into the network through token incentives.

AI Super Cycle Creates Computing Power Gap, Render and Bittensor Among Major Beneficiaries

On May 30, Jason Smith, chairman of the U.S. House Ways and Means Committee, stated that digital asset tax legislation must receive bipartisan support; otherwise, the related bill process will not move forward. Subsequently, U.S. Representatives Steven Horsford, Max Miller, Suzan DelBene, and Mike Carey jointly introduced the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Revenue Act (PARITY Act). The bill aims to update digital asset tax rules, provide a clearer regulatory framework for the market, enhance investor protection, and prevent market manipulation. Representative Steven Horsford noted that the bill will help ordinary investors participate more safely in the digital asset market and promote wealth accumulation opportunities. Max Miller argued that the current U.S. tax law is unable to adapt to the rapid development of digital assets and modern financial technology. Currently, the PARITY Act and the ongoing CLARITY Act are seen as important components of establishing a comprehensive regulatory framework for crypto assets in the U.S. Congress released a tax policy discussion draft in March this year and held a bipartisan roundtable in May to discuss the tax framework for crypto assets. The market is closely watching whether the CLARITY Act can be passed by 2026. Analysts believe that if both the CLARITY Act and the PARITY Act are ultimately legislated and followed by the GENIUS Act's subsequent rule-making, the U.S. crypto industry will welcome a clearer regulatory environment, further promoting the integration of Web3 and DeFi into the mainstream financial system.

[U.S. Congress Advances Bipartisan Crypto Tax Legislation, Potentially Next Major Bill After CLARITY Act]On May 30, Jason Smith, chairman of the U.S. House Ways and Means Committee, stated that digital asset tax legislation must receive bipartisan support; otherwise, the related bill process will not move forward. Subsequently, U.S. Representatives Steven Horsford, Max Miller, Suzan DelBene, and Mike Carey jointly introduced the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Revenue Act (PARITY Act). The bill aims to update digital asset tax rules, provide a clearer regulatory framework for the market, enhance investor protection, and prevent market manipulation. Representative Steven Horsford noted that the bill will help ordinary investors participate more safely in the digital asset market and promote wealth accumulation opportunities. Max Miller argued that the current U.S. tax law is unable to adapt to the rapid development of digital assets and modern financial technology. Currently, the PARITY Act and the ongoing CLARITY Act are seen as important components of establishing a comprehensive regulatory framework for crypto assets in the U.S. Congress released a tax policy discussion draft in March this year and held a bipartisan roundtable in May to discuss the tax framework for crypto assets. The market is closely watching whether the CLARITY Act can be passed by 2026. Analysts believe that if both the CLARITY Act and the PARITY Act are ultimately legislated and followed by the GENIUS Act's subsequent rule-making, the U.S. crypto industry will welcome a clearer regulatory environment, further promoting the integration of Web3 and DeFi into the mainstream financial system.

On May 30, it was reported that SpaceX submitted an S-1 registration statement to the U.S. SEC on May 20, planning to go public on NASDAQ under the ticker symbol 'SPCX', with a fundraising target of up to $75 billion and a potential valuation exceeding $1.75 trillion. The document reveals that as of March 31, 2026, SpaceX holds 18,712 Bitcoins, with a fair value of approximately $1.29 billion, which, at current prices, is close to $1.45 billion, surpassing Tesla's previously disclosed reserve of 11,509 Bitcoins. The prospectus indicates that SpaceX's Bitcoin cost is about $661 million, with an average holding cost of approximately $35,324 per coin, and that the digital assets are held through a third-party custodian. The market views this disclosure as an indication that SpaceX has integrated Bitcoin into its long-term corporate treasury strategy rather than treating it as a short-term speculative investment. Financially, SpaceX reported revenues of $18.674 billion for 2025, with $4.694 billion in revenue for the first quarter of 2026. The Starlink business contributed $3.26 billion in revenue during the first quarter, accounting for approximately 69% of total revenue, making it the company's primary source of income.

[SpaceX Discloses Holding 18,712 Bitcoins at an Average Price of $35,324]On May 30, it was reported that SpaceX submitted an S-1 registration statement to the U.S. SEC on May 20, planning to go public on NASDAQ under the ticker symbol 'SPCX', with a fundraising target of up to $75 billion and a potential valuation exceeding $1.75 trillion. The document reveals that as of March 31, 2026, SpaceX holds 18,712 Bitcoins, with a fair value of approximately $1.29 billion, which, at current prices, is close to $1.45 billion, surpassing Tesla's previously disclosed reserve of 11,509 Bitcoins. The prospectus indicates that SpaceX's Bitcoin cost is about $661 million, with an average holding cost of approximately $35,324 per coin, and that the digital assets are held through a third-party custodian. The market views this disclosure as an indication that SpaceX has integrated Bitcoin into its long-term corporate treasury strategy rather than treating it as a short-term speculative investment. Financially, SpaceX reported revenues of $18.674 billion for 2025, with $4.694 billion in revenue for the first quarter of 2026. The Starlink business contributed $3.26 billion in revenue during the first quarter, accounting for approximately 69% of total revenue, making it the company's primary source of income.

SpaceX Discloses Holding 18,712 Bitcoins at an Average Price of $35,324

On May 30, Bloomberg senior ETF analyst Eric Balchunas stated that BlackRock has recently updated its iShares Bitcoin Premium ETF (BITA) application documents again. Although the product fee structure has not yet been disclosed, it is clear that the issuer is continuing to adjust product details. He speculated that BlackRock may want to complete the product issuance before Goldman Sachs plans to launch its Bitcoin ETF, which is expected to debut in about six weeks. Balchunas also noted that the assets under management for BlackRock's spot Bitcoin ETF, IBIT, have reached $54 billion. Even if IBIT does not grow further and maintains this size until 2030, its speed of reaching $54 billion will still hold the record for the fastest in ETF history. Balchunas remarked that the inflow of funds in the first 18 months after the launch of a spot Bitcoin ETF is 'insanely' high, setting a rare growth rate record in the ETF industry.

[Bloomberg ETF Analyst: BlackRock's Bitcoin ETF Accelerates New Product Development, IBIT Reaches Historic $54 Billion Scale]On May 30, Bloomberg senior ETF analyst Eric Balchunas stated that BlackRock has recently updated its iShares Bitcoin Premium ETF (BITA) application documents again. Although the product fee structure has not yet been disclosed, it is clear that the issuer is continuing to adjust product details. He speculated that BlackRock may want to complete the product issuance before Goldman Sachs plans to launch its Bitcoin ETF, which is expected to debut in about six weeks. Balchunas also noted that the assets under management for BlackRock's spot Bitcoin ETF, IBIT, have reached $54 billion. Even if IBIT does not grow further and maintains this size until 2030, its speed of reaching $54 billion will still hold the record for the fastest in ETF history. Balchunas remarked that the inflow of funds in the first 18 months after the launch of a spot Bitcoin ETF is 'insanely' high, setting a rare growth rate record in the ETF industry.

Bloomberg ETF Analyst: BlackRock's Bitcoin ETF Accelerates New Product Development, IBIT Reaches Historic $54 Billion Scale

According to Beating monitoring, China's large model unicorns are accelerating their entry into the secondary market. As disclosed on the official website of the China Securities Regulatory Commission, the large model company MiniMax has signed a listing guidance agreement with CITIC Securities on May 29, 2026, officially launching its A-share IPO process. This marks the potential convergence of MiniMax with another large model unicorn, Zhizhu AI, which signed a guidance agreement with Guotai Junan and CICC in February this year to participate in the guidance work for the Sci-Tech Innovation Board listing. Driven by rapid business growth, MiniMax has disclosed its latest data. As of now, the number of global enterprise and developer clients has exceeded 1 million, a fivefold increase compared to six months ago, with a global user base reaching 300 million. In the past two months, annual recurring revenue has achieved over 100% growth. According to the 2025 financial report, total revenue reached $79.038 million, a year-on-year increase of 158.9%, with over 70% of revenue coming from international markets. Gross profit was $20.079 million, a significant year-on-year increase of 437.2%, with the gross margin rising by 13.2 percentage points to 25.4%. The adjusted net loss for the year was $250 million, with a significantly narrowed loss rate compared to the previous year. In terms of strategic direction, founder and CEO Yan Junjie pointed out at the State Council Information Office's press conference on May 28, titled 'Private Enterprises Taking Responsibility in the 14th Five-Year Plan,' that artificial intelligence is accelerating its integration with the semiconductor chip, software, and cloud platform industries, with technology shifting from simple applications to deep penetration into the real economy. Yan Junjie stated that the technological advancements in the next three years will continue the rapid pace of the past three years, requiring lower costs through openness and inclusiveness to benefit the public. In 2026, the team plans to transition from a single large model developer to a platform company, deepening global commercialization and continuously improving the token throughput and scalable infrastructure capabilities.

[MiniMax Launches A-Share IPO: Major AI Giants Set to Converge]According to Beating monitoring, China's large model unicorns are accelerating their entry into the secondary market. As disclosed on the official website of the China Securities Regulatory Commission, the large model company MiniMax has signed a listing guidance agreement with CITIC Securities on May 29, 2026, officially launching its A-share IPO process. This marks the potential convergence of MiniMax with another large model unicorn, Zhizhu AI, which signed a guidance agreement with Guotai Junan and CICC in February this year to participate in the guidance work for the Sci-Tech Innovation Board listing. Driven by rapid business growth, MiniMax has disclosed its latest data. As of now, the number of global enterprise and developer clients has exceeded 1 million, a fivefold increase compared to six months ago, with a global user base reaching 300 million. In the past two months, annual recurring revenue has achieved over 100% growth. According to the 2025 financial report, total revenue reached $79.038 million, a year-on-year increase of 158.9%, with over 70% of revenue coming from international markets. Gross profit was $20.079 million, a significant year-on-year increase of 437.2%, with the gross margin rising by 13.2 percentage points to 25.4%. The adjusted net loss for the year was $250 million, with a significantly narrowed loss rate compared to the previous year. In terms of strategic direction, founder and CEO Yan Junjie pointed out at the State Council Information Office's press conference on May 28, titled 'Private Enterprises Taking Responsibility in the 14th Five-Year Plan,' that artificial intelligence is accelerating its integration with the semiconductor chip, software, and cloud platform industries, with technology shifting from simple applications to deep penetration into the real economy. Yan Junjie stated that the technological advancements in the next three years will continue the rapid pace of the past three years, requiring lower costs through openness and inclusiveness to benefit the public. In 2026, the team plans to transition from a single large model developer to a platform company, deepening global commercialization and continuously improving the token throughput and scalable infrastructure capabilities.

MiniMax Launches A-Share IPO: Major AI Giants Set to Converge

On May 30, The New York Times reported that senior U.S. government officials revealed that a meeting in the Situation Room lasted about two hours, but no decision was made regarding any new agreement with Iran. The Trump administration stated that they are close to reaching an agreement, but certain matters are still under discussion, including the issue of unfreezing Iran's funds.

[Trump Has Not Made a Decision on Any New Agreement with Iran]On May 30, The New York Times reported that senior U.S. government officials revealed that a meeting in the Situation Room lasted about two hours, but no decision was made regarding any new agreement with Iran. The Trump administration stated that they are close to reaching an agreement, but certain matters are still under discussion, including the issue of unfreezing Iran's funds.

Trump Has Not Made a Decision on Any New Agreement with Iran

On May 29, according to market information, Pop Mart's stock in Hong Kong surged over 8% during trading today, following a nearly 5% increase yesterday. Information previously disclosed by the Hong Kong Stock Exchange indicates that renowned investor Duan Yongping has increased his stake in Pop Mart, with the latest holding valued at over HKD 11.7 billion.

[Duan Yongping's Stake Boosts Pop Mart Stock Price, Up 8% Today]On May 29, according to market information, Pop Mart's stock in Hong Kong surged over 8% during trading today, following a nearly 5% increase yesterday. Information previously disclosed by the Hong Kong Stock Exchange indicates that renowned investor Duan Yongping has increased his stake in Pop Mart, with the latest holding valued at over HKD 11.7 billion.

Duan Yongping's Stake Boosts Pop Mart Stock Price, Up 8% Today

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Duan Yongping's Stake Boosts Pop Mart Stock Price, Up 8% Today

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