Breaking: The Sui blockchain network has stopped producing blocks for nearly an hour. The official statement: The Sui Mainnet is currently experiencing a network stall. The Sui Core team is actively working on a solution. Transactions may be paused at this time.

HTX said the recent UK sanctions designation does not affect the online HTX exchange, stating that the sanctioned entity, Huobi Global S.A., is separate from HTX’s exchange operations. HTX said it was not given prior notice or supporting evidence by UK authorities and added that Huobi Global S.A. will engage with relevant authorities to address the matter. The exchange said its global operations remain unaffected and user funds are safe.

The Chinese government has announced severe penalties against major US stock trading platforms operating within China, confiscating all illegal gains. This could benefit centralized exchanges (CEXs) and on-chain US stock trading. China's Securities and Exchange Commission (CSRC) has cracked down on illegal cross-border activities by Tiger Brokers (NZ), Futu Securities (HK), and Longbridge Securities (HK). The three platforms are accused of unauthorized securities trading services, marketing, public fund sales, and futures brokerage in mainland China. The CSRC and eight other departments have issued a joint plan to ban overseas firms from offering account opening, trading, and fund transfer services, with a two-year cleanup period for existing illegal business.

SEC May Allow Third-Party Tokenized Stocks on DeFi Platforms Under New Exemption According to Bloomberg, the U.S. SEC could introduce an “innovation exemption” framework for tokenized stocks as soon as this week, allowing the trading of blockchain-based tokens tied to publicly traded equities. The proposal would reportedly permit third parties to issue such stock-linked tokens without authorization from the underlying public companies and enable their trading on DeFi platforms. However, platforms listing these tokens could lose eligibility if the products fail to provide holders with shareholder rights such as voting or dividends.

Grayscale and VanEck Update BNB ETF Filings Amid Active SEC Review Bloomberg ETF analyst James Seyffart said Grayscale has filed a second amended S-1 for its spot BNB ETF, suggesting the issuer may be advancing the application based on SEC feedback. On the same day, VanEck filed its fifth amended prospectus for a BNB ETF, while Canary Capital submitted its first amended filing for a Staked TRX / Tron ETF. T. Rowe Price also filed a fourth amendment for its actively managed crypto ETF, indicating that the SEC’s review of multiple crypto ETF applications remains ongoing. Source:

CME and ICE Urge US Regulators to Crack Down on Hyperliquid Over Oil Market Risks Bloomberg reported that CME Group and Intercontinental Exchange (ICE) are urging U.S. regulators to tighten oversight of crypto trading platform Hyperliquid, warning that its anonymous trading environment could distort global oil prices and enable market manipulation. The exchanges reportedly raised concerns with the CFTC and U.S. lawmakers that the Singapore-based platform could be exploited by insiders or sanctioned state actors.

Kraken Parent Payward Cuts 150 Jobs Ahead of Planned IPO According to CoinDesk, Payward, the parent company of crypto exchange Kraken, is laying off approximately 150 employees as part of an optimization and restructuring effort ahead of its planned IPO. The company employs around 3,000 staff globally. The company confidentially filed a draft S-1 with the U.S. SEC last November and is seeking fresh funding at a $20 billion valuation.

Strategy to Repurchase $1.5B Convertible Notes, May Fund Deal With Bitcoin Sales Strategy disclosed in an 8-K filing that it has agreed to repurchase approximately $1.5 billion principal amount of its outstanding 0% Convertible Senior Notes due 2029 for an estimated $1.38 billion in cash through privately negotiated transactions. The company said funding may come from cash reserves, ATM equity sales, and/or Bitcoin sales.

ZachXBT: THORChain Exploit Losses May Exceed $10M Blockchain investigator ZachXBT issued a community alert stating that THORChain was likely exploited across Bitcoin, Ethereum, BSC, and Base, with losses exceeding $10 million. The protocol subsequently paused trading and executed a global emergency halt across the network.

South Korean Banking Giant Hana Bank Buys 670 Million USD Stake in Upbit Operator Dunamu According to Bloomberg, Hana Bank, one of South Korea’s largest commercial banks, acquired a 1 trillion won, or about 670 million USD, stake in crypto exchange operator Dunamu. Hana Financial Group said on Friday that Hana Bank’s board approved the purchase of 228 million shares in Dunamu from Kakao Investment. Dunamu operates Upbit, South Korea’s largest crypto exchange.

Eric Trump: We are the most debanked family in the world Eric Trump @EricTrump stated at the Consensus conference that his family faced a comprehensive ban from the traditional banking sector, becoming the "most debanked family in the world." He believes the traditional financial system is broken and punitive toward consumers, citing that banks pay depositors only 10 basis points in interest while taking a 4% spread to build luxury skyscrapers. Eric believes that cryptocurrency can eliminate exorbitant intermediary fees and democratize finance, while also serving as a decentralized store of value immune to political interference and natural disasters.

Sonic Says Early VI Revenue Generated ~400% More Deflationary Impact Than Fee Burns Sonic Labs said revenue generated through its Vertical Integration (VI) model produced roughly 400% more deflationary impact than fee-related burns since March 1. Revenue from products including USSD and Metropolis vaults generated the equivalent of 295,454.55 S during the period, compared with 59,786.728 S burned through transaction fees and FeeM-related burns.

Bybit CEO Ben: I Trust My Own Brain More Than AI In an April 23 interview with When Shift Happens, Bybit CEO Ben Zhou @benbybit shared his thoughts after using AI extensively. He said heavy AI use made him feel like he had "come back to square one," and he no longer expects AI to become a super-intelligent assistant. Zhou said that even when he asks Claude or other AI agents to remind him of tasks, he often does not look at the reminders when they appear and may even find them distracting. In the end, he said he still relies on his own brain to decide what truly matters in the moment

CME Group Plans Launch of First Market Cap-Weighted Crypto Index Futures CME Group, the largest U.S. derivatives exchange, said it plans to launch Nasdaq CME Crypto Index futures on June 8, pending regulatory approval. The product will be CME’s first market cap-weighted futures contract and will track a basket of major cryptocurrencies including Bitcoin, Ethereum, SOL, XRP, ADA, LINK and XLM. The contracts will be offered in both standard and micro-sized versions.

Clarity Act Advances Through Senate Banking Committee, Moves to Full Senate Vote JUST IN: According to crypto reporter Eleanor Terrett, the Clarity Act advanced through the U.S. Senate Banking Committee in a 15-9 bipartisan vote, with Democratic senators Ruben Gallego and Angela Alsobrooks voting in favor. The bill will next proceed to a full Senate vote.

Just In: Coinbase to Serve as Official USDC Treasury Deployer on Hyperliquid Coinbase is expanding support for onchain markets by becoming the official treasury deployer of USDC on Hyperliquid. As part of this transition, Native Markets has agreed to terms granting Coinbase the right to purchase the USDH brand assets. The USDH market will be gradually phased out over time.

Hong Kong’s largest licensed exchange HashKey Exchange has listed Hyperliquid (HYPE). Hong Kong-listed HashKey Holdings Limited (3887. HK) announced that its licensed virtual asset exchange HashKey Exchange listed Hyperliquid (HYPE) on May 14, 2026, and now offers OTC trading services for professional investors. Hyperliquid is a Layer 1 blockchain purpose-built for on-chain order book perpetual futures and spot trading.

CFTC Issues No-Action Relief for Event Contracts CFTC issued no-action relief for fully collateralized event contracts, exempting DCMs, DCOs and market participants from certain swap recordkeeping and reporting requirements. The agency also introduced a streamlined process for future applicants related to event contracts.

Stablecoins Drive Digital Payment Adoption in Emerging Markets Coins ph @coinsph Global Marketing Director Amira stated that crypto payments are solving the heavy reliance on cash in emerging countries. Users are now buying coffee with stablecoins, shifting the demographic from just traders to everyday consumers. The stigma of crypto as mere speculation is fading as stablecoins achieve mass adoption, providing the traditionally unbanked with access to seamless money movement. Follow WuBlockchain on YouTube for interviews with crypto professionals and insights from an Asian perspective