According to the Omni Labs announcement, the Omni Foundation announced that it would repurchase 6.77 million OMNI tokens (6.77% of the total supply) from early investors at a discount, reducing the investor holding ratio from 20.06% to 13.29%. The repurchase funds came from the foundation's $18.1 million seed round and Series A financing. The repurchased tokens will be transferred to the "Community Growth" pool, reducing the total holding ratio of investors, consultants and core contributors from 48.56% to 41.79%. This operation follows the established lock-up terms and refers to the community priority allocation model of projects such as Hyperliquid, aiming to optimize the token distribution structure. The current OMNI market price is at a premium to the repurchase price.
Jetcraft to accept cryptocurrency for private jet transactions
According to Cryptoslate, the cryptocurrency payment platform CoinPayments has reached a strategic cooperation with the global business aviation trader Jetcraft to provide digital asset payment services for private jet transactions. The cooperation is mainly aimed at high-net-worth customers, supports real-time settlement of multiple cryptocurrencies, and adopts security protocols that comply with anti-money laundering regulations. The CoinPayments payment system will be directly connected to Jetcraft's financial process to realize the automatic conversion of cryptocurrencies into legal currencies. The chairman of Jetcraft said that this cooperation aims to meet the needs of customers in the technology field for innovative payment methods.
According to Ash Crypto, the Saudi Arabian Central Bank disclosed that it holds shares in Strategy (formerly MicroStrategy), indirectly investing in Bitcoin assets.
According to Coinpost, Remixpoint, a company listed on the Tokyo Stock Exchange, announced that it had purchased an additional 500 million yen (about 32.83 BTC) of Bitcoin, with an average purchase price of 15.23 million yen/BTC. As of May 14, the company's total crypto asset holdings reached 11.1 billion yen, including 648.82 BTC (worth about 9.91 billion yen) in Bitcoin, and other mainstream tokens such as ETH, SOL, XRP, and DOGE.
Brazilian public company Méliuz has purchased $28.4 million worth of Bitcoin
According to The Defiant, Brazilian listed company Méliuz has purchased $28.4 million worth of Bitcoin, becoming the first Bitcoin financial company in Brazil. The decision to adopt a Bitcoin financial strategy has been overwhelmingly approved by the company's shareholders. This move marks a significant step forward in the adoption of cryptocurrencies as financial assets by Brazilian companies.
Binance founder Zhao Changpeng forwarded a video of Trump being asked a lead-in question. The video mentioned that "a UAE company reached a $2 billion deal with the TRUMP cryptocurrency." Zhao Changpeng said that this was a typical example of FUD, and the question was wrong, vague and misleading. He said that if it refers to MGX's $2 billion investment in Binance, the transaction was completed with the USD1 stablecoin and has nothing to do with the TRUMP token (Meme coin). It is reported that USD1 is a stablecoin launched by the Trump family's crypto project WLFI. Trump's son Eric Trump once said that USD1 was selected as the official stablecoin for MGX's investment in Binance.
US Lawmakers to Hold Final Vote on Stablecoin GENIUS Act on May 19
According to Coingape, U.S. Senate Majority Leader John Thune has formally submitted a motion to end the debate on the GENIUS Act, which is scheduled for a vote on May 19. This stablecoin regulatory bill requires that issuers with assets exceeding $10 billion be regulated by the Federal Reserve, and small institutions be regulated at the state level; all stablecoins must be fully backed by assets such as U.S. dollars or treasury bonds. The latest bipartisan amendment proposes to add three clauses: 1) stricter rules for technology companies to get involved in financial assets; 2) strengthen consumer protection mechanisms; 3) strengthen supervision of government officials (including Musk and others). The House of Representatives has previously passed a similar "STABLE Act", requiring issuers of stablecoins such as USDT to operate in full transparency. If the bill is passed, it will become the first federal legislative framework for stablecoins in the United States. Senate sources revealed that the amendments include an explicit prohibition on the abuse of FDIC insurance and strengthening bankruptcy protection clauses to win cross-party support. The results of this vote will directly affect the direction of U.S. regulation in the field of digital assets.
US court rejects SEC's settlement motion with Ripple due to procedural errors
According to Cryptoslate, U.S. District Court Judge Analisa Torres rejected the settlement motion jointly submitted by the SEC and Ripple. The motion sought the court to lift the ban in the August 2024 judgment and approve the release of $50 million of the $125 million civil penalty escrow to be paid to the SEC, and the remaining funds to be returned to Ripple. The judge determined that the application did not follow the procedural requirements of Rule 60 of the Federal Rules of Civil Procedure. Ripple's chief legal officer said that it would resubmit a settlement application that complies with the rules. Legal experts analyzed that both parties need to explain the reasons for the settlement in detail according to the Rule 60 standard, including the basis for the SEC's decision to abandon other charges, and the complete process is expected to take 3-5 weeks. The judge emphasized that this rejection was only for procedural defects and did not involve a substantive review of the content of the settlement.
According to The Defiant, the Russian Central Bank has named Bitcoin as the best performing asset in the Russian financial market in April 2025, with the price of Bitcoin rising 11.2% that month. The bank also emphasized that Bitcoin's performance so far this year has also topped the list, with a return of 17.6%, surpassing stocks, bonds and gold. Despite a short-term volatility drop of 18.6% between January and April 2025, Bitcoin has been recognized as the world's best performing investment product since 2022, with a cumulative return of 121.3%. Over the past year, Bitcoin has been recognized by the Russian Central Bank as the most profitable investment product, with a return of 38%. Since 2022, Bitcoin's cumulative return has reached 121.3%, significantly surpassing traditional assets such as gold, stocks and the S&P 500. This recognition comes at a time when institutional interest in Bitcoin is at an all-time high.
According to Bitcoin Magazine, the latest 13F filing of Abu Dhabi sovereign wealth fund Mubadala shows that its position in BlackRock Spot Bitcoin ETF (IBIT) has increased to 8.727 million shares, with a market value of US$408.5 million, a 6% increase from the end of 2024. This investment coincides with high-level interaction between the US and the UAE on crypto policy. David Sacks, President Trump's special AI and crypto advisor, discussed the integration opportunities of digital currency and artificial intelligence with UAE officials on March 20.
According to Bitcoinmagazine, cross-border consumer goods e-commerce group DDC Enterprise announced the launch of a Bitcoin reserve strategy, planning to hold a total of 5,000 BTC within 36 months. In a letter to shareholders, the company's founder and CEO Norma Chu said that the first phase will immediately purchase 100 BTC and set a short-term goal of increasing holdings to 500 within 6 months. The company has formed a new advisory committee and fund management team with experience in crypto assets to implement the strategy. The 2024 financial report shows that DDC's annual revenue reached US$37.4 million, a year-on-year increase of 33%, and the gross profit margin increased to 28.4%. As of March 31, 2025, the company held approximately US$23.6 million in cash and short-term investments. Norma Chu emphasized that Bitcoin's characteristics as an anti-inflation asset are highly consistent with the company's diversified reserve strategy.
eToro CEO says Buffett convinced him to reduce focus on cryptocurrencies
According to The Block, eToro CEO Yoni Assia was interviewed by CNBC on Thursday, talking about the company's listing and its past with cryptocurrencies. He said that eToro was involved in cryptocurrencies very early, and once bought Bitcoin for the company's treasury with $50,000. It was also the first regulated company in Europe to launch cryptocurrency trading. An early $50,000 cryptocurrency investment once increased in value to $50 million, but the board of directors believed that non-core businesses required sales. Assia believes that cryptocurrency has become a new capital market and is booming around the world. There are more than 130 cryptocurrency transactions outside the United States, but his enthusiasm for capital markets and stock markets remains unabated. In fact, the meeting with "stock god" Buffett changed his business focus. Buffett once said that he would never hold cryptocurrency, and his former colleague Charlie Munger also criticized Bitcoin. Assia revealed that during a dinner, Buffett persuaded him to pay more attention to stocks and less to cryptocurrencies. He said that last year, 25% of the company's revenue came from cryptocurrencies and 75% from the stock market.
FTX will begin distributing more than $5 billion to creditors under bankruptcy plan on May 30
According to The Block, FTX Trading Ltd., the parent company of the bankrupt cryptocurrency exchange FTX, will launch the second phase of the Chapter 11 reorganization plan on May 30, 2025, distributing more than $5 billion to creditors. The FTX bankruptcy management team announced on Thursday that convenient and non-convenient creditors who meet the pre-distribution requirements will receive their funds from Bitgo or Kraken within one to three business days from that date. Although the bankruptcy management team has been criticized by some former customers for FTX's previous successful investments in startups such as Anthropic and tokens such as Solana, which have enabled customers to "recover their money" at market lows. However, many cryptocurrency traders believe that these allocated funds may be beneficial to token prices if traders choose to reinvest.
Wisconsin Sells BlackRock’s Bitcoin ETF Worth Over $300 Million
According to The Block, the latest 13F document disclosed by the Wisconsin Investment Committee shows that the agency has liquidated BlackRock Spot Bitcoin ETF (IBIT) worth $321 million. The document shows that the committee no longer holds any IBIT shares as of the end of the March quarter. The investment committee has not completely withdrawn from crypto-related investments, and the document shows that it still holds Coinbase shares worth about $19 million. Previously, the agency had liquidated Grayscale Bitcoin Trust (GBTC). It is worth noting that BlackRock IBIT Fund has recently set a record of 20 consecutive days of net inflows, with capital inflows exceeding $5 billion.
BlackRock’s sBUIDL Launches ‘First Direct DeFi Protocol Integration’ with Euler on Avalanche
According to The Block, BlackRock's nearly $3 billion tokenized Treasury fund BUIDL announced the launch of the "first direct DeFi protocol integration" with the Euler protocol on Avalanche. This collaboration is based on the sToken framework developed by Securitize, which enables sBUIDL (a composable ERC-20 token of BUIDL) to expand on-chain application scenarios while maintaining redeemability. Through the integration solution developed by Re7 Labs, users can now use sBUIDL as collateral to borrow USDC or AUSD on Euler and receive AVAX rewards and the basic income of the BUIDL fund. BUIDL is currently the world's largest tokenized Treasury fund, holding approximately $3 billion worth of short-term Treasury bonds and repurchase agreements.
Sonic Assistant, the strategic director of Sonic Labs, said that the team had officially notified Wintermute 24 hours ago that it would not renew the cooperation agreement, ending the five-year exclusive market-making cooperation between the two parties. Sonic will cooperate with new market makers who are more actively involved in the DeFi ecosystem, community building and team communication. Wintermute subsequently sold about $857,000 in S tokens, suspected to be a return of the previous $16 million loan inventory.
Analysts at JPMorgan Chase said that as gold weakens and capital flows change, Bitcoin may continue to outperform gold in the second half of 2025. The agency pointed out that companies such as MicroStrategy continue to purchase Bitcoin, and many US states have also included it in their strategic reserves. For example, New Hampshire allows up to 5% of assets to be allocated to Bitcoin. In addition, the mature and clear regulatory environment of the crypto derivatives market also attracts institutional participation.
0x acquires competitor Flood in an effort to expand DEX aggregator market share
According to CoinDesk, decentralized trading infrastructure company 0x announced the acquisition of aggregator competitor Flood, which is its first acquisition since its establishment in 2017. The transaction aims to improve transaction efficiency, optimize quotes, and compete for market share on Ethereum and Solana with the help of Flood's self-developed aggregation software and development team. Currently, the total market value of aggregators is about US$2.3 billion, and the market competition is fierce.
Movement Labs was revealed to have privately promised advisors up to 10% of token allocation
According to CoinDesk, Movement Labs, a cryptocurrency startup supported by Trump's WLFi, was revealed to have promised to allocate up to 10% of the total MOVE tokens to two "shadow consultants" in an undisclosed agreement, involving more than $50 million in interests. Among them, Zebec Protocol CEO Sam Thapaliya was allocated 7.5%, known as a "shadow co-founder", and has threatened to file a lawsuit. Another consultant, Vinit Parekh, was also allocated 2.5% and received a high fee based on the amount of financing. The incident exacerbated the company's internal strife, and one of the founders, Rushi Manche, has been fired, and Coinbase has also announced the delisting of MOVE tokens.
According to Binance's announcement, starting from May 13, 2025, Alpha Points will use a new mechanism, and users will need to consume points to participate in Alpha's exclusive TGE or airdrops. Points are accumulated based on daily asset snapshots and Alpha token purchases, and are valid for 15 days. They will automatically become invalid after expiration. Only transaction records of the main account and Binance Wallet (Keyless) are valid. Users can view activities on the "Alpha Events" page and decide whether to use points. Related reading: Binance Alpha Points are intensifying, but the truth is not so good
The number of initial jobless claims in the United States for the week ending May 10 was 229,000, which was expected to be 229,000. The previous value was revised from 228,000 to 229,000. The annual rate of PPI in the United States in April was 2.4%, falling for the third consecutive month and the lowest since September last year. The monthly rate of PPI in April was -0.5%, the lowest since April 2020, far below the market expectation of 0.2%.
Binance launches the eighth phase of BNSOL super staking project Solayer (LAYER)
According to Binance's announcement, Solayer (LAYER) has become the 8th BNSOL Super Stake project. From 08:00 on May 16, 2025 to 07:59 on July 17, 2025 (Beijing time), users who hold or stake BNSOL and related DeFi assets can receive additional LAYER APR Boost airdrops, with a total of 1.6 million LAYER issued daily. LAYER is a hardware-accelerated blockchain based on the Solana virtual machine, with a target processing speed of one million TPS. Users need to complete identity verification through Binance and participate in designated products.
Binance Wallet to launch the 17th TGE: Alaya AI (AGT) tomorrow
According to Binance Wallet, the 17th exclusive TGE will be held from 15:00 to 17:00 Beijing time on May 16, 2025, and the Alaya AI (AGT) token will be listed on the PancakeSwap platform. From this period, users need to use Alpha Points to participate. In addition, the official will launch an event for an additional 200 million AGT tokens, details of which will be announced soon.
According to Tech in Asia, Franklin Templeton has obtained approval from the Monetary Authority of Singapore (MAS) to launch the Franklin OnChain USD Short-Term Money Market Fund, Singapore's first tokenized fund for retail investors. The fund issues shares through its blockchain-integrated registered agent platform with a minimum investment of US$20, aiming to enhance transparency, security and efficiency. The fund is supported by the Franklin Templeton Investment Variable Capital Company (VCC) structure.
