Wu Blockchain News
10.05.202514:50
Weekly Project Updates: Ripple Formally Reaches a Settlement with the SEC, Sei Developers Propose Abandoning Cosmos and Shifting to Ethereum, ZKsync Announces Achieving Full EVM Equivalence, etc — link
10.05.202505:44
Michael Saylor, founder of Strategy, said that Bitcoin has not yet reached $150,000 because holders who lack a long-term investment mentality chose to leave when the price of Bitcoin rose. Many Bitcoins were previously held by governments, lawyers and bankruptcy trustees who lacked a "ten-year investor mentality." — link
09.05.202523:33
The revised GENIUS Act (S. 1582) in the U.S. Senate expands regulatory jurisdiction over foreign stablecoin issuers, requiring those serving U.S. users, such as Tether, to comply with the legislation. It also broadens the definition of digital asset service providers to include developers, validator nodes, and self-custodial wallet providers, mandating compliance with the Bank Secrecy Act and anti-money laundering regulations. — link
09.05.202519:46
BlackRock requests a meeting with the SEC Crypto Task Force to discuss the regulatory treatment of staking and its application in ETPs, the advancement of securities tokenization under the federal securities framework, the criteria for approving crypto ETPs and potential interim frameworks, and to propose recommendations on position and exercise limits for crypto ETP options. — link
Bloomberg analyst James Seyffart stated that BlackRock submitted an amended S-1 filing for its ETHA, adding provisions for in-kind creation and redemption subject to SEC approval. Meanwhile, BlackRock also filed an amended S-1 for its IBIT, including new content regarding the potential risks posed by quantum computing to Bitcoin’s cryptographic algorithms.
Bloomberg analyst James Seyffart stated that BlackRock submitted an amended S-1 filing for its ETHA, adding provisions for in-kind creation and redemption subject to SEC approval. Meanwhile, BlackRock also filed an amended S-1 for its IBIT, including new content regarding the potential risks posed by quantum computing to Bitcoin’s cryptographic algorithms.
09.05.202514:37
WuBlockchain Weekly: China–U.S. Tariff Negotiations Commence, Bitcoin Reclaims $100k, Coinbase Acquires Deribit in Strategic Expansion, etc — link
09.05.202510:12
U.S.-listed pharma infrastructure firm Wellgistics will integrate XRP for payments and reserves, supported by a $50M credit facility. The move aims to enhance cross-border settlement efficiency and explore on-demand payments and programmable liquidity. 一 link
10.05.202514:21
Anthony Scaramucci, founder of SkyBridge, said that sovereign wealth funds (SWFs) have begun to buy Bitcoin on a small scale, but large-scale purchases will not occur until the United States clarifies digital asset regulations. For Bitcoin to reach a million dollars, sovereign institutions must recognize it as part of the global financial services infrastructure. — link
10.05.202504:22
The RWA-driven yield-bearing stablecoin protocol R2 announced that its testnet attracted over 200,000 participants and processed more than 10 million transactions in less than three weeks. R2’s underlying assets include on-chain U.S. Treasury tokens, compliant money-market fund strategies, and real estate rental income. The mainnet launch is scheduled for Q2 2025. — link
09.05.202521:11
According to Bloomberg, the Trump administration plans to initiate trade talks with around 20 countries, including Japan, South Korea, Vietnam, the UK, India, Argentina, and Switzerland, aiming to establish template agreements for future negotiations. Treasury Secretary Scott Bessent stated that U.S.-China talks will begin this weekend, with a potential tariff reduction from 145% to 80% under consideration. — link
09.05.202515:49
According to Bloomberg, U.S. Democratic senators have asked the Treasury and DOJ to clarify whether Binance is linked to the Trump family, citing concerns over USD1 being used to fund Abu Dhabi’s $2B investment in Binance. They also questioned Binance’s continued U.S. operations and whether a pardon for CZ has been sought, requesting a response by May 21. — link
09.05.202512:20
StakeStone has partnered with the Trump family’s crypto project WLFI to launch cross-chain liquidity support for the stablecoin USD1. The collaboration bridges RWA and native DeFi liquidity, enabling users to move funds across chains, earn sustainable yield, and access liquidity without locking assets. — link
09.05.202510:05
Taiwan legislator Ko Ju-Chun called on the government to include Bitcoin in its diversified reserves, alongside gold and foreign exchange reserves. He said Bitcoin has hedging properties and will help improve the resilience and adaptability of Taiwan's financial system. — link
10.05.202510:06
Robert Kiyosaki, author of Rich Dad Poor Dad, called on Americans to abandon "fake money" and invest in Bitcoin, gold and silver, warning that central banks are eroding wealth. He predicted that the price of Bitcoin will exceed $1 million by 2035. — link
10.05.202501:56
According to Lookonchain, a wallet address associated with the TRUMP team has once again deposited 3.5 million TRUMP tokens (worth approximately $52.66 million) to CEXs. — link
09.05.202520:51
Coinbase CEO Brian Armstrong stated that the company considered adopting Michael Saylor’s Bitcoin investment strategy but ultimately decided against it, citing potential liquidity risks for a startup. Despite this, Coinbase acquired $153 million in cryptocurrencies, primarily Bitcoin, in Q1 2025, bringing its crypto holdings to $1.3 billion. Additionally, Next Technology Holding Inc. announced an increase in its Bitcoin holdings from 833 to 5,833 coins. — link
09.05.202515:19
Coinbase Derivatives has launched 24/7 Bitcoin and Ethereum futures trading, making it the first U.S.-regulated platform to offer round-the-clock leveraged futures. Perpetual contracts are coming soon, with support from Nodal Clear, Virtu Financial, and ABN AMRO. 一 link
09.05.202512:14
Brazil’s stock exchange B3 will launch Ethereum (ETH) and Solana (SOL) futures contracts on June 16, following approval by securities regulator CVM. Contracts will be USD-denominated, sized at 0.25 ETH and 5 SOL. To boost liquidity, Bitcoin futures contract size will be reduced from 0.1 BTC to 0.01 BTC. — link
09.05.202509:41
BitMEX Research: We look at the recent controversy related to the potential removal of the OP_Return policy limit in Bitcoin Core. We argue that those running nodes may want an effective mempool, one that more reliably predicts what miners may mine, to help users receive new blocks faster and determine appropriate fees for their transactions. We are therefore somewhat supportive of removing the limit. — link
10.05.202510:05
The Belo Horizonte City Hall in Brazil has preliminarily passed a bill to make the city the "Bitcoin Capital", allowing the use of BTC to pay municipal taxes and fees and promoting merchants to accept cryptocurrencies. The bill still needs to go to a second round of voting and be submitted to the mayor for approval. — link
10.05.202501:23
BitMart’s new CEO Nenter (Nathan) Chow: Security is the cornerstone of operations — building a multi-layered defense system through hybrid wallets, multi-signature technology, and partnerships with Fireblocks and Cobo. Differentiated strategy focuses on user empowerment and community building. The third-generation trading system processes 80,000 orders per second with a latency of only 2 milliseconds. Read the full article: — link
09.05.202520:37
According to the latest 13F filing, as of March 31, Goldman Sachs held 30.8 million shares of IBIT valued at $1.4 billion and 3.47 million shares of FBTC valued at $250 million. Compared to the December 31 filing, IBIT holdings increased by 6.8 million shares, while FBTC remained largely unchanged. Goldman Sachs is now the largest holder of IBIT globally. — link
09.05.202514:40
Tidal Financial Group has filed with the U.S. SEC to launch a hedged ETF pairing Bitcoin and gold as opposing assets. Issued under the Battleshares brand, the ETF will use a long-short strategy involving short selling, swaps, and options. 一 link
09.05.202511:43
Bybit today announced it has surpassed 70 million registered users. Bybit Card currently has nearly 2 million users. Bybit also uses artificial intelligence to enhance trading, research and support services. — link
09.05.202507:55
26,000 BTC options expired with a Put Call Ratio of 1.05, a max pain point of $94,000, and a notional value of $2.67 billion; 165,000 ETH options expired with a Put Call Ratio of 1.42, a max pain point of $1,850, and a notional value of $360 million. — link
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