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Phantom, a wallet in the Solana ecosystem, experienced a service outage during the airdrop, causing abnormal token prices and account balances to be displayed, which affected user transactions. Some users suffered losses as a result and demanded compensation. Security experts warned of the risk of phishing attacks and advised users to verify on-chain data. Although the issue has been fixed, the trust crisis still needs to be monitored. This incident highlights the challenges of self-custody wallets in terms of system stability and the user experience.

Recently, anonymous individuals claiming to be accountants have made statements online, saying that the draft of Taiwan’s newly passed “Virtual Asset Services Act” will prohibit the circulation of Tether (USDT) and has sparked panic. In response to this claim, Max, editor-in-chief of Crypto City, said the interpretation of the regulations in this statement is overly pessimistic, and emphasized that the purpose of the bill is to establish a compliance framework rather than a comprehensive crackdown. The article calls on the public to stay rational when facing community-driven panic posts, and to choose legitimate providers for crypto trading to avoid fund risks and scams.

A solo miner named “SOLO Miner” successfully mined Bitcoin block number 944,306 using CKpool with a hashrate of 70 TH/s, earning 3.128 BTC, or about $222k. The chance of success for this achievement is extremely low—about once every 300 years—showing that its mining power is negligible across the entire network.

Reports say that Iran plans, during a U.S.-Iran ceasefire period, to require tankers transiting the Strait of Hormuz to pay a toll of $1 per barrel in Bitcoin and cryptocurrencies. The cost for a single trip could reach $2 million. A fully loaded tanker must declare its cargo and make payment with cryptocurrency, while also ensuring the transaction is not tracked. The move is intended to evade the risk of sanctions from the traditional financial system.

Bitmine Immersion Technologies completed its listing up-switch from NYSE American to the NYSE main board on Thursday, marking a major milestone in the company’s development. Chairman Tom Lee announced an increase to the stock buyback program to $4.0 billion, but the stock price is still facing challenges, down 90% from its peak last year. Bitmine currently holds 3.98% of the total supply of ether, and market conditions may be the key to its turnaround.

The U.S. federal government argues that sports event wagering should be treated as a financial derivative rather than gambling, and it seeks to bar Arizona from enforcing against Kalshi, the prediction market platform. If the court backs the federal position, prediction markets will operate under uniform nationwide regulation, weakening each state’s ability to regulate. This legal dispute concerns the legitimacy of prediction markets and the allocation of regulatory authority, affecting the future development of the industry.

Meta is shifting its focus of resources to generative AI, and Zuckerberg is personally using AI tools to write code, showing how much he values development. However, the performance pressure triggered internally by a competition for token consumption could lead to wasted resources and performative behavior. Meta hopes to avoid the failure lessons of the past metaverse era in the AI space, seeking real-world applications and commercial value.

Phantom, a wallet in the Solana ecosystem, experienced a service outage during the airdrop, causing abnormal token price and account balance displays and affecting users’ transactions. Some users therefore incurred losses and are demanding compensation. Security experts warn of the risk of phishing attacks and advise users to verify on-chain data. Although the issue has been fixed, the trust crisis still needs to be monitored. This incident highlights the challenges self-custody wallets face in terms of system stability and user experience.

CME Group launched 24/7 round-the-clock cryptocurrency futures and options trading starting May 29, signaling the transformation of traditional financial institutions toward the crypto market. Going forward, futures contracts for Avalanche and Sui will be added to further expand the product range, meet market demand, and provide more diversified options.

An FBI report shows that in 2025, the United States lost $11.4 billion due to cryptocurrency scams, up 22% from the previous year. Many of the scams are controlled by criminal groups in Southeast Asia. Victims lose an average of more than $60k each, and many even lose their life savings.

Middle East conflict turned for the better after the U.S. and Iran agreed to a two-week ceasefire, with market risk sentiment recovering. U.S. stock index futures jumped sharply. Bitcoin broke through the $72,000 high, while oil prices plunged. Although the current rebound is significant, analysts warn that uncertainty around how the ceasefire agreement will be carried out and the overall economic pressure may still limit how long the rally can last.

OpenAI releases four major policy proposals to address the impact of AI, recommending tax reform and a robot tax, establishing a public wealth fund, subsidizing a four-day workweek every week, and accelerating the expansion of energy infrastructure. This proposal appears especially important when governments respond to the economic changes brought about by AI, and at the same time, CEO Altman is also facing an internal trust crisis that is affecting the company’s image and stock performance.

The U.S. federal appeals court ruled that the state of New Jersey lacks authority to block the sports contract offerings of the prediction market platform Kalshi, which are regulated by the CFTC, stating that federal law takes precedence over state law. Although Kalshi prevailed, experts said this is only a temporary victory and that the Supreme Court will ultimately have to decide the jurisdiction issue.

U.S. spot Bitcoin ETF inflows hit a new six-week high on Monday, signaling a rebound in institutional investor confidence. Total net inflows of $471.3 million came mainly from institutions such as BlackRock and Fidelity. Even though market sentiment is gradually improving, broader macroeconomic and geopolitical risks could still affect Bitcoin’s upward momentum. Analysts said that sustained structural buying can support Bitcoin, but future price action will still need to be monitored for changes in external factors.

Bitmine Immersion Technologies increased its holdings by 71,252 Ether units last week, bringing its total to 4.8M units, with a total value of about $10.3 billion. Chairman Tom Lee believes Ether is at the tail end of its winter season and noted its hedging value amid the conflict in Iran. Since the outbreak of the war, Ether has gained a cumulative 6.8%.

A U.S. FBI report shows that in 2025, losses from cryptocurrency scams reached $11.4 billion, up 22% from the previous year. The scams are sophisticated, mainly controlled by criminal groups in Southeast Asia, and they use human trafficking to force victims into labor. The number of victims increased to 181,565 cases, with an average loss of more than $62,000; many people lost their lifetime savings.

U.S. SEC Chair Atkins confirmed that a proposal for a “safe harbor framework” that would allow crypto-asset projects to be exempt from registration in the early stages has been submitted to the White House for review. The proposal is intended to help startups raise funding while protecting investors, and includes provisions for a “startup exemption” and an “investment contract safe harbor.” However, the legislative process for regulating cryptocurrencies faces difficulties, and Paul Atkins emphasized that a stable legal foundation is more important than administrative rules.