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South Korean crypto exchange Upbit announced it will list Venice Token (VVV) at 7:00 a.m. UTC on May 12 for trading against the South Korean won (KRW), Bitcoin (BTC), and Tether (USDT).

Binance announced that it will delist 11 spot trading pairs at 3:00 a.m. UTC on May 15: ATOM/FDUSD, AXS/BTC, CELO/BTC, GAS/BTC, MANTA/FDUSD, PYTH/BTC, SANTOS/BTC, SIGN/FDUSD, SOPH/FDUSD, XVS/BNB, and XVS/BTC.

Binance has announced that it will temporarily suspend deposits and withdrawals for Moonriver (MOVR) starting at 12:00 p.m. UTC on May 12 to support a network upgrade.

MetaMask developer Consensys submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) on May 11, requesting an exemption for self-custody wallet providers from registration requirements and arguing that recent agency guidance has created a regulatory gap. The SEC's Division of Trading and Markets recently issued a staff statement clarifying that self-custody platforms used for trading crypto securities do not need to register as broker-dealers. However, separate interpretive guidance states that while most crypto assets are not securities themselves, they are treated as securities transactions if an investment contract is attached. The staff statement did not address the registration obligations for platforms that handle these non-security assets with attached investment contracts. Bill Hughes, Director of Global Regulatory Matters at Consensys, stated on X that this gap affects effectively 99% of all tokens. He emphasized that the concept of an attached or detached investment contract is unprecedented and that the underlying Howey legal doctrine is not well-defined for secondary market transactions. Hughes argued it is practically impossible for wallet providers to continuously determine the status of thousands of tokens. He also warned that the current guidance could result in ceding the market to overseas competitors. The proposed exemption would apply to platforms where users initiate and sign transactions themselves, provided the platform provider is not involved in asset custody or influencing trading decisions.

Sportix, an AI-based soccer intelligence and analytics platform, announced it has raised $3.2 million in a funding round with participation from Animoca Brands, Coinvester Ventures, Becker Ventures, X21 Digital, and Alpha Capital. The company plans to use the capital to enhance its AI sports analysis engine, expand into global markets, and build out its product ecosystem ahead of the 2026 FIFA World Cup. Sportix's core products include a Match Intelligence Engine (MIE) and a Player Intelligence System (PIS), which integrate and analyze real-time match data, media sentiment, and player performance. The platform also features an AI simulation engine that provides virtual match results by allowing users to adjust tactics, formations, and player parameters. Additionally, Sportix offers an on-chain analyst reputation system and B2B data API services. The company aims to establish a next-generation Sports Intelligence Network catering to a wide audience, from general fans to media and fantasy sports platforms, with an official service launch planned for the second quarter of 2026.

The U.S. Senate Banking Committee has released a new 309-page draft of the CLARITY Act, which has been in preparation since January, according to a post on X by Eleanor Terrett, host of Crypto in America. Committee members have until the end of business on May 13 to submit amendments ahead of a scheduled markup on May 14.

U.S. spot Ethereum ETFs recorded a net outflow of $16.85 million (25 billion won) on May 11, according to data compiled by Trader T. This marks a return to net outflows after just one trading day of inflows. - BlackRock's ETHA: +$2.12 million - Fidelity's FETH: -$4.66 million - BlackRock's Staking ETHB: -$1.17 million - Grayscale's ETHE: -$7.59 million - Grayscale's Mini ETH: -$5.55 million

U.S. spot Bitcoin ETFs recorded net inflows of approximately $27.25 million (40.4 billion won) on May 11, marking a return to positive flows after two consecutive days of net outflows, according to Trader T. The breakdown of flows is as follows: - BlackRock's IBIT: -$7.45 million - Fidelity's FBTC: -$3.57 million - Morgan Stanley's MSBT: +$26.30 million - Invesco's BTCO: +$7.34 million - VanEck's HODL: +$4.63 million

Japan's Liberal Democratic Party (LDP) Digital Headquarters has discussed a next-generation finance proposal centered on stablecoins, tokenized deposits, and the on-chain tokenization of real-world assets (RWA). Takuya Hirai, who served as the country's first Minister for Digital Transformation, stated on X that a structural shift is underway where AI and blockchain are creating an automated, interconnected system for the economy, finance, and payments. He described a new economic foundation where transactions, settlements, and financing are unified, with AI agents handling real-time decision-making. Hirai warned that as dollar-based stablecoins become more widespread, competition for leadership in financial infrastructure is intensifying. He added that if Japan falls behind in this trend, it could impact its economic security and monetary sovereignty. The Digital Headquarters has designated finance as its 18th growth sector and plans to accelerate the development of on-chain financial infrastructure through public-private partnerships.

Grayscale has filed an application to convert its Zcash (ZEC) trust into a spot ETF. If approved, the fund would be the world's first spot ETF for a privacy coin. The move follows a decision by the U.S. SEC to conclude a long-term review of privacy coins without imposing any specific sanctions, a development that market analysts have interpreted as a signal of easing regulatory risks for the sector.

Crypto in America host Eleanor Terrett said on X that she expects the new version of the CLARITY Act amendment to include a compromise on interest income from stablecoins. This was a key concern raised by Coinbase CEO Brian Armstrong when he withdrew his support for the original draft. Terrett also noted that the language in 'Section 505,' which was controversial for potentially banning tokenized securities, is understood to have been improved. Additionally, a compromise could be included that would prevent software developers from being classified as money transmitters while allowing regulators to maintain their authority to track illicit activities.

Ark Invest, led by Cathie Wood, announced it purchased 41,904 shares of Circle (CRCL) for $5.52 million on May 11.

According to the latest weekly report from Glassnode, Bitcoin's recent rally, fueled by buying in both spot and futures markets, is showing signs of slowing as the market enters a more balanced phase between buying and selling pressures. The firm noted that BTC rose from $77,000 to $82,000 last week, with rising spot trading volume and Cumulative Volume Delta (CVD) indicating strong buying sentiment and increased investor participation. However, Glassnode suggests that slowing upward momentum points to a potential entry into a sideways or corrective phase. In the futures market, an increase in open interest (OI) signaled a greater appetite for risk, but a slowdown in capital flowing into long positions suggests that bullish sentiment is weakening. Furthermore, the report explained that in the options market, while demand for downside hedging has decreased, creating mixed expectations, a sharp rise in volatility skew indicates that market uncertainty remains high.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $62.44 million liquidated (57.02% longs) - ETH: $45.07 million liquidated (81.07% longs) - SOL: $19.87 million liquidated (72.02% shorts)

The Ethereum Foundation (EF) has officially announced a leadership change for its Protocol Cluster. The new leads will be Will Corcoran, Kev Wedderburn, and Fredrik. The EF explained that former leads Barnabé Monnot and Tim Beiko are leaving the foundation, while Alex Stokes is taking a sabbatical. According to the foundation, the three new leads played key roles in launching the protocol track, advancing the Fusaka upgrade, introducing PeerDAS, and increasing the mainnet gas limit. The EF added that under the new leadership, the Protocol Cluster will continue to work on applying the next upgrade, "Glamsterdam," and preparing for the subsequent "Hegotá" upgrade.

BitMEX co-founder Arthur Hayes argued in a recent blog post that the Bitcoin bull market has already been underway since late February. He explained that expanding investments in AI infrastructure, rising war costs, and spending on physical infrastructure for supply chain security are all fueling fiat-based credit expansion, which will benefit BTC. Hayes noted that capital expenditure in AI is at an unprecedented level, while the U.S. Federal Reserve and other central banks continue to print money. He also pointed to declining trust in U.S. dollar assets, which is causing a shift of capital into physical infrastructure and commodity stockpiles, potentially leading to further fiat expansion. Against this macroeconomic backdrop, Hayes believes it is a foregone conclusion that BTC will surpass $126,000 and that a break above $90,000 would further accelerate the rally. He added that his asset management firm, Maelstrom, has increased its portfolio risk exposure to the maximum level. After Hyperliquid (HYPE) and Zcash (ZEC), he is most optimistic about NEAR Protocol (NEAR).

The U.S. House Ways and Means Committee will hold a closed-door meeting on May 14 to discuss cryptocurrency taxation, Bloomberg reported, citing three people familiar with the matter. The meeting is reported to be bipartisan and attended only by lawmakers. On the same day, the Senate Banking Committee is scheduled to mark up the Clarity Act (H.R. 3633).

EmberCN reported that over the past 10 hours, 10 anonymous addresses have withdrawn 100 million LAB, worth $514 million, from Bitget. This amount represents approximately 32% of LAB's circulating supply. EmberCN noted that the memecoin RAVE also recently saw a large-scale withdrawal from Bitget, suggesting that the same trading team may manage both RAVE and LAB.

DeFi lending platform Fluid (FLUID) announced in a post-mortem report that it has resolved a $19.3 million bad debt stemming from the March hack of Resolv (RESOLV). The platform stated the debt was fully covered through a combined effort by the Fluid team, its governance treasury, and Resolv. Fluid noted it had approximately $100 million in exposure to Resolv, with a $21 million default occurring during a depegging event caused by the hacker. The report clarified that Fluid's own smart contracts were not compromised in the incident and that the platform had taken measures such as halting its buyback program and reducing token issuance. Looking ahead, Fluid plans to enhance its security and introduce a legal framework for asset protection.

CoinMarketCap's Altcoin Season Index has fallen two points from yesterday to 49. The index measures whether altcoins are outperforming Bitcoin. An altcoin season is declared when 75% of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped tokens, have outperformed Bitcoin over the preceding 90 days. A score closer to 100 indicates a stronger altcoin season.

Ondo Finance announced via X that the Total Value Locked (TVL) in equity tokens on its Ondo Global Markets platform has surpassed $1 billion. The platform now holds over 70% of the market share in this sector, with cumulative trading volume exceeding $18 billion.

South Korean crypto exchange Upbit has announced the temporary suspension of deposits and withdrawals for Astar Network (ASTR), Enjin Coin (ENJ), Polymesh (POLYX), and Bittensor (TAO) due to wallet upgrades.

Representative Kim Sang-hoon, chairman of the People Power Party's Special Committee on Stock and Digital Asset Value-up, has stated he will push for deliberations on a basic act on digital assets concerning stablecoins immediately after the upcoming local elections. According to Edaily, Kim said at a seminar on May 12 that while the domestic virtual asset market has grown through the efforts of startups, the government's role has so far been limited to regulation. He stressed that it is now time to focus on fostering the stablecoin market and establishing a legal framework for it. The legislation, which constitutes the second phase of digital asset regulation, was initially scheduled for discussion in a National Assembly subcommittee today but was ultimately removed from the agenda.

Upbit has announced that it will temporarily suspend deposits and withdrawals for Polkadot (DOT) to support a wallet upgrade.

According to CoinNess market monitoring, BTC has fallen below $81,000. BTC is trading at $80,953.82 on the Binance USDT market.