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Chinese President Xi Jinping told U.S. President Donald Trump during a summit in Beijing today that it has been repeatedly proven that there are no winners in a trade war. The meeting was held at the Great Hall of the People while Trump is on a state visit to the country. Xi stated that the essence of the U.S.-China economic and trade relationship is mutual benefit and that equal negotiation is the only correct choice for resolving disagreements and friction. He noted that the economic and trade teams from both nations had achieved broadly balanced and positive results yesterday, calling the outcome good news for the people of both countries and the entire world. Xi also stressed the need to jointly maintain the current positive momentum.

Dapper Labs, the developer of the Flow (FLOW) blockchain, announced on its official website that it is halting the issuance of new Moment NFTs for its National Football League (NFL) digital collectible platform, NFL ALL DAY. The company clarified that existing Moment NFT holders can continue to trade on the marketplace. Dapper Labs added that it is now focusing on developing its next NFL product and will release details in the coming months.

The Bank of Korea (BOK) announced that it will prioritize establishing a payment system centered on a central bank digital currency (CBDC) and deposit tokens to prepare for the expansion of the asset tokenization market, iNews24 reported. In a BOK issue note released today, the central bank stated that asset tokens would be a later consideration. The bank also assessed that stablecoins could be used as a supplementary tool, provided they fully comply with strict regulations and ensure redeemability and the stability of their reserve assets. Furthermore, the BOK warned that while tokenized assets can be traded 24/7 with instant settlement, their underlying real-world assets adhere to traditional financial market hours and settlement cycles. This mismatch, it cautioned, could lead to large-scale redemptions and forced liquidations occurring simultaneously during periods of market instability.

Binance has announced it will temporarily suspend deposits and withdrawals for tokens on the Base network to support an upcoming network upgrade and hard fork. The suspension is scheduled to begin at 5:00 p.m. UTC on May 21.

Nasdaq-listed DeFi Development (DFDV), a company that accumulates Solana (SOL), announced it has increased its SOL holdings per share by 108% over the past year through its strategic initiatives. According to The Block, DFDV currently holds 2,294,576 SOL. The company's strategies include operating a validator business and building nodes with the Solana-based memecoin Bonk (BONK). However, due to a decline in the price of SOL, the company recorded a net loss of $83.4 million in the first quarter.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $106.93 million liquidated (90.94% longs) - ETH: $95.14 million liquidated (89.54% longs) - SOL: $27.78 million liquidated (93.11% longs)

The Coinbase Bitcoin Premium Index has remained negative for eight consecutive days, currently sitting at -0.0303%, according to data from Coinglass. The metric gauges U.S. investor demand based on the price difference between Coinbase and Binance, and a sustained negative reading suggests weakening buying pressure from the U.S. market.

Only 4% of U.S. voters consider cryptocurrency policy a top priority when selecting candidates for the midterm elections, Cointelegraph reported, citing a Politico poll. The survey found that American adults identified three other issues as the most important legislative priorities: housing prices, consumer fraud prevention, and reducing bank fees. Only 18% of respondents said the Clarity Act was the most important issue. Furthermore, just 27% of those surveyed supported the government establishing a regulatory framework for cryptocurrencies.

Bipartisan negotiations on the U.S. Senate Banking Committee's CLARITY Act markup have ended without an agreement, Crypto in America host Eleanor Terrett reported on X. She explained that Democrats had conditioned their support on strengthening ethics and conflict-of-interest provisions concerning the presidential family and had also raised last-minute objections to the Blockchain Regulatory Certainty Act (BRCA), which expands liability exemptions for non-custodial software developers. While meaningful progress was made on the ethics issues, disagreement over the BRCA prevented a final deal. As a result, the committee vote is expected to proceed with only Republican support. Regarding the negotiations, Senator Cynthia Lummis stated that 99% of the bill had been agreed upon. She expressed hope that the remaining 1% could be resolved after the bill passes the committee, warning that if not, lawmakers would have to take responsibility for any future FTX-like incidents.

Tydro, a lending protocol on Kraken's Layer 2 network Ink, has replaced its price oracle from Chaos Labs with Chainlink (LINK) data feeds, according to an announcement on its official X account. The project explained that the decision followed a security review conducted in response to a recent incident. Earlier this month, Chaos Labs had announced that it detected a hacking attempt.

U.S. spot Ethereum ETFs saw net outflows of $36.25 million on May 13, marking the third consecutive day of net outflows, according to data compiled by Trader T. - BlackRock's ETHA: -$21.1 million - Fidelity's FETH: -$14 million - BlackRock's staking ETHB: -$1.15 million

U.S. spot Bitcoin ETFs recorded a net outflow of approximately $630.38 million on May 13, according to data compiled by Trader T. This marks the second consecutive day of net outflows and the largest single-day outflow in the past three months. - BlackRock's IBIT: -$284.68 million - Fidelity's FBTC: -$133.20 million - Bitwise's BITB: -$35.40 million - Ark Invest's ARKB: -$177.10 million

An address that participated in the Ethereum (ETH) ICO has transferred 50 ETH, worth approximately $113,000, to a new address after 10.8 years of dormancy, according to Etherscan data. The address, which begins with 0xE0F, had been inactive for 3,940 days. According to Lookonchain, the wallet's owner invested $124 during the ICO to receive 400 ETH. The current value of this holding is $906,000, marking an estimated 7,303-fold return on the initial investment. ETH is currently trading at $2,261.21, down 1.35%, CoinMarketCap data shows.

Woori Bank has been acquitted in a first-instance trial on charges of violating South Korea's Foreign Exchange Transactions Act and Banking Act in connection with crypto-related overseas remittances, the Korea Economic Daily reported. The Seoul Central District Court ruled that the bank could not be considered the substantive business entity for the transactions in question and that prosecutors' application of the law represented an overly broad interpretation. The ruling is the first judicial decision in the case, which has been ongoing for approximately four years.

A whale address known as "qianbaidu.eth" (starting with 0x9bb9) has sold 338,084 HYPE over the past two days, according to a post on X by Onchain Lens. The sale was worth $13.4 million, with an average selling price of $39.65. The whale is still staking 151,573 HYPE, valued at $5.89 million.

An anonymous, newly created address starting with 0x669 withdrew 2,302 ETH, worth $5.19 million, from Binance five hours ago at an average price of $2,254.82, according to on-chain analyst ai_9684xtpa. Withdrawals from exchanges are typically interpreted as a sign of intent to hold.

Aptos (APT) has become the first major Layer 1 blockchain to introduce a formal verification system, the project announced on its official X account. This verification method is designed to defend against AI-driven attacks and is implemented through the Move Prover, a proofing tool developed using AI for code written in the Move language.

Digital asset infrastructure firm BitGo has released its first quarterly earnings report since listing on the New York Stock Exchange (NYSE). The company's first-quarter revenue was approximately $3.77 billion, an increase of 112.6% compared to the same period last year. BitGo attributed the revenue growth to the expansion of its digital asset business and its stablecoin-as-a-service offering. However, its net loss widened to $60.7 million in the first quarter from $25.7 million a year earlier, influenced by factors including a decline in the value of its Bitcoin holdings. The company's customer base grew by 42% to 5,569. As of the end of the first quarter, BitGo reported holding 2,449 BTC and $1.86 billion in cash.

Prediction market platform Polymarket saw its monthly trading volume decline in April for the first time since August 2025. According to data from Dune Analytics, Polymarket's volume totaled $10.2 billion in April, an 8.9% decrease from $11.2 billion in March. Over the same period, competitor Kalshi's volume grew by approximately 13% to $14.8 billion, while the total trading volume for the prediction market sector increased by 12.4% to $29.8 billion.

South Korean police have arrested 40 people, including the operators of an illegal payment service that converted cash from drug buyers into virtual assets like Bitcoin, Kookmin Ilbo reported on May 14. The Busan Metropolitan Police Agency's Narcotics and International Crime Investigation Unit announced the arrests, which include six operators of the unregistered payment firm, two drug couriers, and 32 buyers and users. The ring allegedly facilitated drug transactions on Telegram from September of last year until April. Authorities have also moved to seize 105 million won (around $77,000) in criminal proceeds ahead of indictment.

Silicon Valley venture capital firm Andreessen Horowitz (a16z) has emerged as the largest political donor for the upcoming U.S. midterm elections in November, the New York Times reported. Including contributions from co-founders Marc Andreessen and Ben Horowitz, the firm has directed over $115 million toward election-related activities. This figure is nearly double the approximately $63 million spent during the 2024 presidential election. Key contributions include $47.5 million to the crypto industry Super PAC Fairshake and $50 million to the AI-focused Super PAC Leading the Future. Approximately 40% of the total donations are crypto-related. The report highlights the unusual case of a corporation, rather than an individual billionaire, becoming the top election donor, sparking concerns about companies potentially dominating elections for financial gain. After the 2024 election, Marc Andreessen had signaled a long-term commitment, stating that political participation is a role the firm must take on permanently.

Hyperliquid (HYPE) generated $11 million in fees last week, accounting for approximately 43% of the total across major blockchain networks to rank first, The Block reported. The majority of these fees came from futures trading. The outlet noted that this trend reflects a migration of derivatives traders to Hyperliquid's infrastructure and suggests that specialized chains can be more effective at generating fees than traditional Layer 1 networks. For comparison, Ethereum recorded $3 million in fees with a 13% market share, a relatively small amount compared to its past performance. Solana generated $2 million in fees for a 10% share, which The Block suggested shows the limitations of memecoin activity in directly translating to fee revenue.

The Bank of England has defined stablecoins as a new form of money and will begin accepting issuance applications this year as it moves to bring them into the regulatory fold, Decrypt reported. Sasha Mills, the bank's Executive Director for Financial Market Infrastructure, stated that by the end of the year, the BoE will be ready to accept applications from firms wanting to launch systemic stablecoins for widespread payments in the UK. She added that the bank is not pre-judging whether deposit tokens or stablecoins are more suitable but emphasized that stablecoins must have a level of stability equivalent to traditional currency. The Bank of England plans to distinguish between stablecoins used for widespread payments, which could affect financial stability, and those for other retail and corporate use. The latter will be regulated by the Financial Conduct Authority (FCA). UK authorities are also expected to finalize the country's stablecoin framework by the end of the year.

A U.S. crypto regulation bill known as the CLARITY Act has secured all 13 Republican votes needed for it to pass the Senate Banking Committee, BeInCrypto reported. With Senator John Kennedy, previously considered the only potential holdout, confirming his support, the bill is now certain to pass the committee regardless of Democratic votes. Global asset manager Fidelity has previously expressed its support for the legislation. In a post on X, Fidelity stated that the CLARITY Act would benefit U.S. investors by providing legal clarity to the crypto market and would help the United States maintain its global leadership in the digital asset sector.

Blockchain project TAC has been hit by an exploit, resulting in the theft of approximately $2.8 million in USDT, BLUM, and tsTON from its cross-chain layer on the TON network. In an announcement on X, TAC clarified that its native TAC tokens and ERC-20 tokens bridged from TON and Ethereum were unaffected by the incident. The bridge has been temporarily suspended as the team conducts a forensic analysis and works on recovery, with a post-mortem report expected within 48 hours. The project is collaborating with law enforcement, SEAL 911, and security partners to trace the stolen funds. TAC also stated that its foundation will sell its holdings of TAC tokens, following legal procedures, to fully compensate all affected users.