Crypto News

According to ChainCatcher news, CME Group announced that it will launch cash-settled Bitcoin volatility futures, which are scheduled to be launched on June 1 (subject to regulatory approval). The product is based on the 30-day Implied Volatility Index (BVX), which allows traders to trade or hedge against Bitcoin volatility without betting on price ups and downs. The new contract, expected to be coded BVI, employs a contract multiplier of $500 × index value, aiming to provide the market with more refined risk management tools.

According to ChainCatcher news, SoFi Technologies announced that its stablecoin SoFiUSD will be expanded to the Solana network, mainly focusing on its low cost, high throughput, and fast settlement capabilities. Launched in 2025 as a fully reserved USD stablecoin, SoFiUSD was initially deployed on Ethereum to provide banks, fintechs, and enterprises with a 24×7-hour near-real-time settlement infrastructure. As the regulatory framework is gradually clarified, banks and financial institutions are accelerating their deployment in the stablecoin track, competing with leading issuers such as Tether and Circle.

ChainCatcher news, TD Cowen pointed out that the differences surrounding the stablecoin yield mechanism are still difficult to bridge, which may delay the advancement of the US Crypto Market Structure Act and even affect the possibility of its passage within the year. Several banking organizations, including the American Bankers Association, have formally opposed the compromise, arguing that allowing crypto platforms to offer stablecoin yields to users would be an impact on traditional banks. According to the analysis, banks and crypto platforms have opposing positions on this issue, and in the short term, "it is difficult to have an intermediate solution", which has become a key obstacle in the current legislative process.

ChainCatcher reported that MoonPay announced the acquisition of DFlow, a Solana-based execution layer platform, officially entering the field of transaction infrastructure. DFlow provides transaction optimization services to Coinbase and Phantom, with a cumulative transaction volume of over $50 billion and approximately 10 million monthly transactions. The acquisition is reportedly valued at approximately $100 million (paid in shares). MoonPay said that the integration of DFlow will enhance high-frequency trading capabilities and support a new generation of "agent-driven" financial applications.

According to ChainCatcher news, Ripple CEO Brad Garlinghouse said that the next two weeks will be a critical window period for the advancement of crypto legislation in the United States. It pointed out that if the Senate Banking Committee fails to complete its deliberations on the bill in the near future, the probability of passage of the bill will "drop significantly", especially as the midterm elections approach, the relevant issues may be further politicized. Currently, the United States is pushing for the first federal-level crypto regulatory framework, involving the regulatory division of labor between the SEC and the CFTC. Although the House version has been passed and the Senate has progressed relatively slowly, the recent compromise around stablecoin yields may bring a turnaround for this month's progress.

ChainCatcher news, according to Gate market data, the US dollar index rose 0.07% on May 6 and closed at 98.441 at the end of the foreign exchange market. 1 euro was exchanged for $1.17, up from $1.1692 the previous day; 1 pound was traded at $1.3551, up from $1.3534 in the previous session; 1 US dollar was 157.88 yen, up from 157.24 yen the previous day; 1 US dollar was 0.7827 Swiss francs, down from 0.7836 Swiss francs in the previous session; 1 US dollar was 1.3618 Canadian dollars, up from 1.3611 Canadian dollars in the previous session; 1 US dollar was exchanged for SEK 9.2598, down from SEK 9.2861 in the previous session.

ChainCatcher news, according to Gate market data, U.S. stocks closed on Tuesday, with the Dow Jones Industrial Average initially closing up 0.7%, the S&P 500 index up 0.8%, and the Nasdaq up 1%, the latter two hitting record closing highs. Nvidia fell 1%, Micron Technology rose 11%, Intel rose 12.9%, and SanDisk rose 12%. The Nasdaq China Golden Dragon Index closed up 0.12% and iQIYI fell 4%.

According to ChainCatcher news, market analysts pointed out that DAT (Digital Asset Treasury/Asset Management Carrier) currently holds about 9% of HYPE circulation in the Hyperliquid ecosystem, accounting for a higher proportion than similar structures of mainstream assets such as BTC, ETH, SOL, and BNB. Analysts believe that DAT, as an important carrier of institutional participation, has introduced a new "balance sheet buying" to the market, making up for the lack of continuous allocation of funds in previous cycles. Among them, HYPE is one of the few assets currently trading at a positive mNAV (market value premium), giving related treasury instruments stronger financing capabilities. In addition, the recent revision of ETF application documents is seen as a sign of gradual clarity on the approval path. The report pointed out that in the context that DAT has continued to absorb liquid chips, if the ETF is approved, the new passive funds will directly act on the relatively limited circulation order, and superimpose the early institutional position structure, which may form more direct support for the price. However, the analysis also suggests that HYPE's current circulation ratio is still low compared to the fully diluted valuation (FDV), and the release of structural supply is still a potential variable.

According to ChainCatcher news, Google Cloud and the Solana Foundation have jointly launched a payment system Pay.sh for AI agents, supporting on-demand payment of API call fees on the Solana chain through stablecoins. The system is based on the x402 protocol incubated by Coinbase, allowing AI agents to discover, call, and pay API resources without registering an account or subscribing to services, achieving a "pay as you go" micropayment model. According to reports, AI agents can bind Solana wallets as identity identifiers, recharge balances through stablecoins or credit cards, and automatically complete payments when calling cloud services including data analysis and model inference. Pay.sh runs on Google Cloud and connects backend services through the API proxy layer, such as large model calls and container applications. In addition, the system is compatible with Machine Payments Protocol (MPP) and connects to more than 50 API service providers, covering scenarios such as communication, e-commerce, and on-chain data. Officials said the model will help promote the development of the "Agentic Economy", allowing AI agents to consume and call Internet services independently.

According to ChainCatcher news, Bitcoin mining company IREN Limited has agreed to acquire cloud infrastructure software company Mirantis in an all-stock transaction of approximately $625 million to improve its AI cloud business layout. The acquisition will introduce key software and orchestration capabilities to IREN to help it better monetize its expanding GPU and data center resources. Mirantis focuses on Kubernetes-based cloud infrastructure tools that enable automated deployment, scaling, and management of containerized applications. Analysts noted that the deal values Mirantis at about 4 to 5 times its revenue and is intended to help IREN catch up with AI cloud competitors such as CoreWeave and build a complete "full-stack new cloud" capability. This merger and acquisition is also a significant step in IREN's transformation from a Bitcoin miner to an AI infrastructure platform. Previously, the company had raised about $3.6 billion through equity and convertible bonds to expand GPU and data center production capacity, and the overall construction investment may exceed $9 billion. Upon completion of the transaction, Mirantis is expected to operate as a separate subsidiary.

According to ChainCatcher news, according to Golden Ten, US President Donald Trump said that despite the skirmishes, the stock market hit a record high today.

According to a report by the Iranian Student News Agency on the 5th, an official in the Iranian presidential office denied rumors that Iranian President Pezehizyan may resign. The official said that the relevant claims were not true and that there was no need to consider such issues in the current situation. The report also said that the relevant claims were rumors created by some media in the absence of topics. (Xinhua News Agency)

ChainCatcher news, on-chain detective ZachXBT tweeted that the DSJ Exchange (DSJEX) and BG Wealth Sharing Ponzi scam collapsed last week, with a total amount of more than $150 million. The scam has been in operation since 2025, luring victims with high daily returns of 1.3%-2.6%. Between April 27 and May 3, criminals transferred and laundered over $92 million in funds across chains to cover up their tracks. ZachXBT said it has assisted Tether, Binance's security team, OKX, and U.S. law enforcement agencies, and has frozen more than $41.5 million in funds, including Tether freezing $38.4 million USDT on the TRON chain in a single time on May 4. ZachXBT reminds that this type of scam mainly targets ordinary retail investors, and victims should report the case to the local police promptly.

According to Lookonchain monitoring, a trader who was long 321.46 BTC for $26.14 million 12 days ago created a new wallet 2 hours ago and went long 307.7 BTC again with 5x leverage, worth $25.04 million. The trader currently has a total BTC position of 629.16 coins, valued at $51.18 million.

Odaily Planet Daily News SanDisk (SNDK. O) extended its gains to 10.9%, with a total market capitalization of more than $200 billion. (Jin Shi)

BWENEWS AI (No Accuracy Guaranteed): Coinbase invests 'seven-figure' sum in Centrifuge, making it Base's primary tokenization partner | source: The Block

According to ChainCatcher news, Circle announced that it has submitted an opinion paper to the U.S. Office of the Comptroller of the Currency (OCC), making suggestions on the implementation rules of the GENIUS Act and listing six core points.

On the afternoon of May 5, local time, Iran's Supreme Leader's foreign affairs adviser Verayati told the outside world that the Strait of Hormuz has been closed and will not be reopened unless "the national will of the Islamic Republic of Iran decides." In a statement, Verayati said that US President Trump's claims about limiting Iran's missile capabilities are unfounded, that Iran and the United States are still at war and will continue to carry out "resistance". (CCTV)