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5/14
12:04
Svmuu News Senior Democratic Senator Chris Van Hollen stated that Trump and Melania made a fortune from launching meme coins, while investors suffered losses totaling $4.3 billion.
The problem with this kind of scam is that regardless of whether retail investors win or lose, Trump profits endlessly, much like a casino owner.
The purpose of this amendment is very simple: We want to make it clear to the American people that we will never allow the President, members of the House of Representatives and the Senate, or others with direct control over these institutions to engage in such transactions.
12:02
Svmuu reported that the deliberation of the "Cryptocurrency Market Structure Bill" (i.e., the CLARITY Act) has commenced before the U.S. Senate Banking Committee. According to the live broadcast scene, multiple officials from the White House and the Treasury Department were observed attending as observers, including White House advisors Patrick Witt and Harry Jung, U.S. Treasury Department advisor Tyler Williams, and Alex Sternhell among others.
12:02
Svmuu reports that Nvidia CEO Jensen Huang stated that the China summit involving President Trump is one of the most important summits in human history.
12:01
Svmuureports that Dune co-founder and CEO Fredrik Haga stated that Dune is laying off 25% of its staff this week as part of a restructuring aimed at further concentrating efforts on developing the industry's core data products.
Haga noted that the company is increasing investment in AI-driven tools, using Dune MCP to enable teams and agents to build dashboards and workflows without requiring knowledge of SQL or data infrastructure. Additionally, as assets like currencies, stocks, and bonds accelerate their migration on-chain, the company is heavily investing in the data layer and providing services to institutions. Dune currently has ample financial reserves, having completed a $69.42 million Series B funding round led by Coatue in 2022. (theblock)
12:00
Svmuu reports that OKX market data shows ETH has broken through 2300 USDT and is currently trading at 2301.62 USDT, with a 24H increase of 2.57%.
11:57
Svmuureports that, according to official sources, AaveLabs has proposed restructuring the Aave DAO bug bounty framework into multiple specific subsystem programs, operating on the Immunefi, Sherlock, and Cantina platforms respectively. Core Aave V3, Core Aave V2, GHO, and non-liquidity protocol infrastructure will be covered by Immunefi; Aave V4 and the Aave App Stack will be covered by Sherlock; and Aave V3 on Aptos will be covered by Cantina.
The proposal suggests adjusting the bounty scale for each system. The maximum reward for critical vulnerabilities in Core Aave V3 is $5 million, while the maximum reward for critical vulnerabilities in Aave V4 is $2.5 million. Additionally, the funding source for the Aave V3 bug bounty on Aptos will be transferred from Aave Labs to the Aave DAO. This ARFC proposal has currently been passed.
11:45
Svmuureports that the review of the "Crypto Market Structure Bill" (i.e., the CLARITY Act) has commenced in the US Senate Committee on Banking, Housing, and Urban Affairs, with multiple amendments proposed by Elizabeth Warren being rejected. Among them, an amendment seeking to remove Sections 401-403 of the bill and restrict banks' participation in digital asset businesses failed to pass, with 11 votes in favor and 13 against.
Another more controversial amendment required federal banking regulators to disclose banking supervisory information related to Epstein. In her remarks, Warren stated that Epstein was an early supporter of Coinbase and suggested that cryptocurrencies could be used to conceal illegal payment activities. The amendment aimed to reveal whether banking regulators and related banks were already aware of Epstein's conduct. Ultimately, this amendment was also rejected, with 11 votes in favor and 13 against.
11:41
Svmuu reported that Democratic Senator Jack Reed stated during the CLARITY Act review meeting that Iran is using cryptocurrency to procure sensitive goods, and the drones it has purchased are wreaking havoc in the Persian Gulf. Moreover, most of these funds have been converted into stablecoins. If we truly support our military, we should cut off their (Iran's) funding sources.
11:41
Svmuu reported that the deliberation of the "Cryptocurrency Market Structure Act" (i.e., the CLARITY Act) has commenced in the U.S. Senate Banking Committee. As of now:
1. An amendment proposed by Senator Mike Rounds to create an AI regulatory sandbox was passed with 15 votes in favor and 9 against, indicating some bipartisan support, despite Senator Elizabeth Warren urging Democratic members to vote against it.
2. An amendment proposed by Elizabeth Warren, aimed at "preventing high-risk assets from entering retirement accounts," was rejected with 11 votes in favor and 13 against.
3. An amendment previously proposed by Senator Katie Britt of Alabama, which would have allowed certain retirement accounts to invest in pooled investment vehicles, was withdrawn before the vote.
It is reported that one of the most contentious amendments comes from Elizabeth Warren, concerning the strengthening of sanctions authority over cryptocurrency mixers. In her remarks, she referenced the U.S.-sanctioned mixing protocol Tornado Cash, stating it has been used to launder over $7 billion for criminal organizations and North Korean hacker groups, including over $450 million in related funds. Warren argued that the current bill does not grant the U.S. Treasury Department sufficient legal authority to isolate or restrict mixer services, potentially creating loopholes in anti-money laundering oversight. In response, Cynthia Lummis countered that the illegal financial activities are already covered in Parts Two and Three of the bill.
11:38
Svmuu News The deliberation on the "Crypto Market Structure Act" (i.e., the CLARITY Act) has commenced before the U.S. Senate Banking Committee. U.S. Senator and long-time Bitcoin advocate Cynthia Lummis stated that the CLARITY Act is the most difficult bill to advance in her career. She noted that crypto assets possess both commodity and security attributes, and that the innovation brought by blockchain technology remains an emerging field. Therefore, the bill requires substantial bipartisan negotiation and industry participation. She also specifically thanked several Democratic and Republican Senators, including Ruben Gallego, Mark Warner, Angela Alsobrooks, Bernie Moreno, Thom Tillis, and John Kennedy, for their cooperation in advancing the bill.
In response to concerns raised by Democratic Senator Elizabeth Warren regarding consumer protection and enforcement, Lummis argued that the bill is actually "pro-consumer" and can address enforcement-related concerns. At the same time, she emphasized Bitcoin's value in special circumstances, stating that it can help people suffering from domestic violence or living in oppressive countries to "memorize their wealth and take it with them," as a Bitcoin private key can be preserved through memory.
11:37
Svmuu News: Crypto In America journalist Eleanor Terrett posted on X platform, stating that Tornado Cash became the focus of the day's hearing, with lawmakers debating whether the bill provides law enforcement with sufficient tools to combat money laundering.
Senator Warren told Kennedy: "This is the Tornado problem... Do you remember Tornado, that mixer? What is Tornado used for? If you're a terrorist, you put your money in!" Republican lawmakers argued that the Clarity Act provides tools to address this issue, while Warren stated the bill is insufficient. Other Democrats joined her in voting to support the inclusion of the amendment. The amendment did not pass.
11:31
Svmuu News According to the official announcement, CoinSafe will launch the BTCUSD1 perpetual contract on May 18, 2026 at 09:00 (UTC), with a maximum leverage of 100 times and a settlement asset of USD1. The contract is based on the design of the Bitcoin (BTC), and supports multi-asset mode. The contract is based on Bitcoin (BTC) and supports multi-asset mode. The contract will be open for order following within 24 hours after the launch.
11:23
Svmuu reported that Kraken announced on X platform that Chainlink CCIP will become the sole cross-chain infrastructure for kBTC and future wrapped assets, replacing the original LayerZero protocol. This decision followed last month's $292 million LayerZero cross-chain bridge exploit incident at Kelp.
Currently, a total of over $3 billion in total value locked has migrated from LayerZero. The migration covers blockchains including Ethereum, Ink, Unichain, and Optimism. The current market cap of kBTC is approximately $260 million. Kraken stated that it will continue to be responsible for the issuance and custody of assets, while Chainlink CCIP will handle cross-chain asset transfers. (coindesk)
11:21
Svmuu News: According to foreign media citing informed sources, Vitol Group is offering Iraqi Basra crude oil to clients, indicating that some shipments may have successfully departed the Persian Gulf.
Sources revealed that Vitol has been supplying refineries over the past few days with Basra Medium crude and Basra Heavy crude, delivering the oil via ship-to-ship transfers off the coast of Fujairah (a port in the UAE). If the deals are finalized, this would be an exceptionally rare case of Iraqi crude being publicly offered by a trader in the spot market since the Strait of Hormuz blockade. (Jin Shi)
11:16
According to Svmuu, the number of supertankers transporting unsanctioned oil through the Strait of Hormuz has shown signs of increasing recently, providing limited relief to the global oil market, which is experiencing the largest supply disruption in history.
Based on ship tracking data compiled by Bloomberg, since May 10, four tankers, each carrying about 2 million barrels of crude oil primarily sourced from Iraq, have departed from the Strait of Hormuz, equivalent to a transportation speed close to 2 million barrels per day. (Jin10)
11:11
Svmuu News: Nakamoto (NAKA) has officially transitioned to operating as Bitcoin. Financial reports show that due to the decline in the price of Bitcoin, the company posted a net loss of nearly $239 million in the first quarter.As a result, its stock price hit a record low of $0.16 on Thursday, down more than 99.5% from its 52-week high. The company’s total revenue for the first quarter was $2.7 million, of which $1.1 million came from derivatives strategies. To meet working capital needs, the company sold 284 Bitcoin in the first quarter, worth approximately $22 million, and additionally sold 40 Bitcoin for revenue, worth approximately $3.2 million.Currently, Nakamoto still holds over 5,000 Bitcoin, with a portfolio value exceeding $400 million. The price of Bitcoin today is approximately $80,922.
11:09
Svmuureports that Anthropic and the Gates Foundation have entered into a 4-year partnership, jointly committing $200 million to support projects in global health, life sciences, education, and economic mobility. This collaboration will provide grants, Claude usage credits, and technical support.
In the realm of global health, the two parties will leverage AI to accelerate the research and development of vaccines and therapies for diseases such as polio, HPV, and preeclampsia, and assist governments in utilizing health data for decision-making. In the field of education, they are developing educational tools for K-12 students in the United States, Sub-Saharan Africa, and India, covering areas like math tutoring and career advice. Regarding economic mobility, the partnership aims to improve the livelihoods of smallholder farmers by enhancing agricultural productivity, and to provide career guidance and skills certification tools for the U.S. labor market. Additionally, Anthropic will offer discounted Claude access to non-profit organizations and educational institutions, and develop AI public goods such as public health datasets.
10:57
Svmuu reported that OKX market数据显示 BTC has broken through 81,000 USDT and is currently trading at 81,016.1 USDT, with a 24H increase of 1.6%.
10:55
Svmuureports that the White House is considering issuing 250 presidential pardons to mark the 250th anniversary of the founding of the United States, and is currently weighing whether to announce the plan on June 14th or July 4th.
Several defendants in the crypto space are seeking executive clemency, including Sam Bankman-Fried and Roger Ver. The US President has issued over 1,600 pardons and commutations cumulatively during his second term. Previously, Ross Ulbricht, BitMEX founders, and Binance founder Changpeng Zhao have received pardons. A White House official stated there are currently no plans to pardon Sam Bankman-Fried. (financefeeds)
10:55
Svmuu reports that according to Lookonchain monitoring, loracle.hl (@loraclexyz, 0x8de...dae) is shorting 29,772 CBRS with 5x leverage, with a position value of $11.22 million. It is currently facing an unrealized loss of $1.3 million.

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