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According to monitoring by Beating, Ilya Sutskever, co-founder and former chief scientist of OpenAI, testified in court on Monday in the case of Musk vs. OpenAI, revealing for the first time the detai

Former OpenAI Chief Scientist Ilya Testifies: Long Discussions with Murati on Removing Altman, Spent

MU: Top Memory Chip Maker 

BTC Shakes at $80K—Up or Down?South Korea delays Digital Asset Basic Act ahead of June elections South Korea has delayed debate on its main digital asset bill until after June elections, postponing lo

South Korea delays Digital Asset Basic Act ahead of June elections
South Korea has delayed debate on its main digital asset bill until after June elections, postponing long-awaited rules for stablecoins, crypto exchanges, and institutional investors in one of the world’s busiest retail crypto markets.

The National Assembly’s National Policy Committee left the proposed Digital Asset Basic Act off the agenda during its final bill-review subcommittee meeting before parliamentary recess on May 12.

Lawmakers are unlikely to revisit the bill before the June 3 local elections.

As Cryptopolitan reported in late 2025, the bill has been stuck for months due to unresolved disputes between the Financial Services Commission and the Bank of Korea over stablecoin oversight. The May 12 omission extends that pattern.

What the bill would do?

The Digital Asset Basic Act is the second phase of South Korea’s crypto regulatory framework. The country passed its first major investor-protection law, the Virtual Asset User Protection Act, in 2023.

The proposed second-phase bill would require licensing and disclosure rules for crypto firms, ban insider trading and market manipulation, create a Digital Asset Committee to oversee policy, introduce custody rules for customer assets, and establish reserve and capital requirements for stablecoin issuers.

Under the proposal, stablecoin issuers would need at least 50 billion won ($35 million) in capital, mirroring standards already applied to electronic-money businesses.

Several major provisions remain unresolved. Lawmakers are still debating whether banks should be required to hold majority stakes in stablecoin ventures.

Officials have also not finalized ownership restrictions for crypto exchanges and other virtual-asset businesses.

What it means for stablecoin projects

Companies waiting to launch Korean won-backed stablecoins or expand institutional crypto services now face more uncertainty over licensing

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MEGA: Real-Time Execution Layer for Ethereum

South Korea delays Digital Asset Basic Act ahead o

IREN has signed a $3.4 billion IREN Nvidia deal to deploy up to 5 gigawatts of AI infrastructure over five years. Summary IREN will provide Nvidia with managed GPU cloud services worth $3.4 billion ov

IREN has signed a $3.4 billion IREN Nvidia deal to deploy up to 5 gigawatts of AI infrastructure over five years. Summary IREN will provide Nvidia with managed GPU cloud services worth $3.4 billion over five years for the chipmaker’s internal AI and research workloads. Nvidia received a five-year warrant to purchase up to 30 million IREN shares at $70 each, representing a potential $2.1 billion equity stake. The partnership builds on IREN’s prior $9.7 billion agreement with Microsoft, pushing the company’s total committed revenue past $15 billion. Bitcoin miner turned AI infrastructure provider IREN has announced a five-year, $3.4 billion AI cloud contract with Nvidia, alongside a broader strategic partnership to build out 5 gigawatts of next-generation infrastructure. The deal was disclosed alongside IREN’s third-quarter FY2026 earnings on May 7. IREN will provide Nvidia with managed GPU cloud services for its internal AI and research workloads. The partnership centres on deploying Nvidia’s DSX architecture across IREN’s global data center pipeline, starting at its 2-gigawatt Sweetwater campus in Texas. What the Nvidia warrant means As part of the deal, Nvidia received a five-year warrant to purchase up to 30 million IREN ordinary shares at $70 each. If fully exercised, that represents a potential equity investment of $2.1 billion, subject to regulatory approvals and GPU delivery milestones. You might also like: Google defends crypto rails over bank accounts IREN co-founder and co-CEO Daniel Roberts said the partnership “combines Nvidia’s AI systems and architecture leadership with IREN’s expertise across power, land, data centers, GPU deployment, and infrastructure operations.” IREN stock surged as much as 27% in after-hours trading following the announcement, extending a run that has seen the stock climb more than 71% over the past month. IREN shares jumped sh

IREN has signed a $3.4 billion IREN Nvidia deal to

Canton Network’s Digital Asset targets $2 billion valuation in a16z crypto-led raise: Bloomberg igital Asset Holdings, the company behind the Canton Network blockchain used by several major banks and 

Canton Network’s Digital Asset targets $2 billion valuation in a16z crypto-led raise: Bloomberg

igital Asset Holdings, the company behind the Canton Network blockchain used by several major banks and trading firms, is seeking $300 million from investors including Andreessen Horowitz’s a16z crypto at a roughly $2 billion valuation, according to Bloomberg.

The funding round is expected to close in the next few weeks, and the amount raised could vary, people familiar with the matter told Bloomberg.

The sources said investment banking company FT Partners is consulting Digital Asset on the funding round.

Digital Asset Holding, Canton Network and a16z crypto did not respond to a CoinDesk request for comment and confirmation.

The Canton Network is a privacy-enabled blockchain infrastructure whose purpose is to connect financial institutions and their tokenized assets across interoperable, permissioned applications.

In February, it revealed that a group of global financial firms completed the first cross-border, intraday repurchase agreement using tokenized British government bonds on its blockchain. The transaction was the first time digital versions of gilts, a $2 trillion market, had been used in an intraday repo across borders.

Digital Asset received backing estimated at about $50 million in late 2025 from investors, including Bank of New York Mellon and Nasdaq. Existing backers also include DRW and Citadel Securities.

For Andreessen Horowitz, participation in this fundraising round could be its first since raising $2.2 billion a week ago for its latest crypto fund, taking its total capital dedicated to the sector to just shy of $10 billion across five funds.

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Canton Network’s Digital Asset targets $2 billion

Why are traders turning bullish on LDO?Post to Share $1,000 Pool—Up to 22 USDT Each!BTC Shakes at $80K—Up or Down?HTX Creation Challenge — Post and Win 1,500U 💥 Not only did the price show strong upwa



Not only did the price show strong upward momentum, but traders and investors also appeared highly interested in the trend.

This was reflected in Trading Volume, which surged more than 190% to $120 million during the same period.

In fact, a crypto whale who recently made over $2.27 million from ApeCoin [APE] in a single day opened a 5x long position on 8.69 million LDO tokens.

According to Lookonchain, the position was worth more than $3.72 million. This reflected growing whale conviction in the altcoin.


However, some investors appeared to take profits as the price approached a key level.

Data from CoinGlass revealed that exchanges recorded $899.72K worth of LDO Inflows during the same period. This suggested that some holders may have prepared for a potential selloff as tokens moved to exchanges.



Why are traders turning bullish on LDO? Not only

Orca: Top AMM DEX on Solana

Post to Share $1,000 Pool—Up to 22 USDT Each!BTC Shakes at $80K—Up or Down?Everything Can Be Huobao• NZD/USD eased on Tuesday as persistent uncertainty surrounding the Gulf conflict prompted cautious 

• NZD/USD eased on Tuesday as persistent uncertainty surrounding the Gulf conflict  prompted cautious trading conditions across risk-sensitive assets.•Hopes for an Iran peace deal faded after Trump said the ceasefire was “on life support” and rejected Tehran’s demands as “garbage.”• Stalled peace negotiations between the United States and Iran continue to increase the risk of renewed escalation in the Middle East, keeping energy markets sensitive and adding another layer of uncertainty for risk-sensitive currencies.• Attention is now firmly   U.S. April CPI report is due later on Tuesday, with   consensus forecast inflation at +0.6% month-on-month and +3.7% year-on-year. A stronger-than-expected reading could reinforce expectations for prolonged higher U.S. interest rates.•Markets are also closely monitoring Donald Trump’s two-day visit to China this week, where he is scheduled to meet Chinese President Xi Jinping to discuss a broad range of issues, including trade, technology, geopolitical tensions and developments in the Middle East. •  Immediate resistance is located at 0.5976(Higher BB), any close above will push the pair towards 0.6000(38.2%fib).•  Support is seen at 0.5935 (38.2%fib) and break below could take the pair towards 0.5904(SMA 20). Recommendation: Good to buy around 0.5940 with stop loss of 0.5880 and target price of 0.6000Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war?Wall Street Slides as Iran War Uncertainty, Oil Surge, and AI Fears Rattle MarketsSpaceX IPO Filing Expected This Week as Valuation Could Surpass $75 BillionStagflation Shadows: U.S. Manufacturing Shines as Services Slump to 11-Month LowScarcity and Strife: Bitcoin Hits Historic Milestone Amid Geopolitical TremorsStrategy's Multi-Billion Dollar Bitcoin Accumulation: A 2026 Milestone

• NZD/USD eased on Tuesday as persistent uncertain

Bitcoin recovery strengthens as sell pressure easesPost to Share $1,000 Pool—Up to 22 USDT Each!BTC Shakes at $80K—Up or Down?HTX Creation Challenge — Post and Win 1,500U 💥 As spot demand increasingly

Bitcoin recovery strengthens as sell pressure eases



As spot demand increasingly regained control, Bitcoin’s recovery structure started showing signs of weakening sell-side pressure beneath the surface.

Exchange Netflows recently reflected daily outflows between roughly 2,000 and 3,500 BTC, signaling that fewer holders rushed to offload supply during volatility.



That shift partly emerged as Short-Term Holder SOPR steadily recovered toward and above 1. The metric suggested panic selling gradually faded while recent buyers regained profitability near the $80,000 region.

However, improving market conditions also introduced fresh distribution risk across the recovery structure. As more holders returned into profit, realized profit events increasingly expanded near higher resistance zones.

Even so, persistent spot ETF inflows continued absorbing realized supply from the market. That demand helped reinforce broader accumulation momentum despite rising profit-taking pressure from earlier accumulators.



Bitcoin recovery strengthens as sell pressure ease

Post to Share $1,000 Pool—Up to 22 USDT Each!BTC Shakes at $80K—Up or Down?HTX Creation Challenge — Post and Win 1,500U 💥 SUI jumps 31% as Nasdaq-listed holder triggers ‘classic’ supply shock, before 

SUI jumps 31% as Nasdaq-listed holder triggers ‘classic’ supply shock, before settling down to $1.29SUI jumped about 31% after Nasdaq‑listed $SUI Group moved 108.7m $SUI into staking, tightening a float that’s already ~74% locked and sending open interest above $620m.

$SUI ($SUI) ripped higher by about 31% over the last 24 hours to trade around $1.40, making it the day’s largest gainer among the top‑10 cryptocurrencies by market cap and the #1 trending coin on CoinGecko. The move follows a stretch of accumulation where, as one crypto.news story noted, Sui had already rallied roughly 40% to around $1.41 on May 10, with about $3.13 million in liquidations — nearly 90% from shorts — helping fuel a classic short squeeze.

$SUI’s supply shock and open interest spike

SUI jumps 31% as Nasdaq-listed holder triggers ‘cl

On May 12, Fluid reported an exposure of approximately $100 million related to Resolv, resulting in about $21 million in bad debt. The attacker exploited discounted wstUSR to borrow stablecoins on Flu

Fluid Releases Review of Resolv Incident: Approximately $19.3 Million in Bad Debt Shared, All User F

On May 12, Slow Fog reported that MistEye detected a highly sophisticated NPM worm virus named 'Mini Shai-Hulud', which is spreading in trusted developer projects such as TanStack, UiPath, and DraftLa

Slow Fog: NPM Worm Virus Can Steal CI/CD Keys and Crypto Wallet Data, Urges Close Monitoring of Deve

<p>$GHST will hit $1 in August...🦅</p>

Top Ethereum Holder Makes Bold Move Says ETH Is Close to Generational Run, Here’s When

Coinbase裁员14%，熊市和AI哪个才是主因？

David Schwartz Says Ripple Stock Is His Real Bet, Not XRP

租来的轨道：这一波稳定币 FX 热钱，到底在为什么买单？

MegaETH 如何让 TVL 在 TGE 一周内达到 700m？拆解包装手法

Bulls Approach the Ceiling

The Bitcoin Vector #54

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