Odaily Planet Daily News According to OnChain Lens monitoring, a whale address withdrew 13,800 ETH from Coinbase, worth $35.26 million, and repaid the ETH borrowed with cbBTC. The whale still needs to repay 32,377.6 ETH, worth $82.61 million.

Cryptocurrency yields and stablecoins are part of the wider financial world, and the 10-year Treasury yield affects investor behavior, which in turn ripples into the cryptocurrency market. Let’s take a deeper look.

According to PANews, a South Korean woman in her 40s has been sentenced to two years in prison by the Jeju District Court for transferring her boyfriend's cryptocurrency worth 700 million won (approximately $500,000) to her own account without his knowledge. The incident occurred in January this year, and the court found her guilty of fraud.

US federal prosecutors are pressing ahead with their case against Tornado Cash founder Roman Storm, but will drop a small part of their indictment after the Department of Justice rolled back its crypto enforcement last month. Jay Clayton, the acting US Attorney for Manhattan, told federal court judge Katherine Polk Failla in a May 15 letter that the charges against Storm still stand, bar one part of a conspiracy to operate an unlicensed money transmitting business charge. “After review of this case, this Office and the Office of the Deputy Attorney General have determined that this prosecution is consistent with the letter and spirit of the April 7, 2025 Memorandum from the Deputy Attorney General,” Clayton wrote. Deputy Attorney General Todd Blanche’s April memo said the Justice Department would end the so-called “regulation by prosecution” of crypto, and added that the agency wouldn’t prosecute crypto mixers like Tornado Cash “for the acts of their end users or unwitting violations of regulations source: https://cointelegraph.com/news/tornado-cash-roman-storm-trial-goes-ahead-drop-one-count?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Odaily Planet Daily News According to Spot on Chain monitoring, a wallet address bound to the Compound team deposited 250,100 COMP (about $11.2 million) to Coinbase Prime in the past 3 hours. Previously, the wallet redeemed 398,100 COMP (about $17.7 million) from Compound V3-this is the first time the wallet has transferred COMP in 9 months. The wallet currently still holds 148,032 COMP (about $6.58 million).

Odaily Planet Daily News Eric Trump, son of US President Trump, called Bitcoin "digital gold" at the Consensus 2025 conference, revealing that he entered the crypto field for political reasons. He said that when the political attacks on the Trump family spread to the crypto community, it prompted the two sides to form an alliance. American Bitcoin, a Bitcoin mining company co-founded by Eric, plans to go public through a merger with Gryphon Digital Mining. Eric Trump pointed out limitations such as poor liquidity in real estate and recognized the easy circulation of Bitcoin. The CEO of Hut 8 revealed that the merger was to quickly realize the listing of American Bitcoin, and the company name deliberately included the keywords "US" and "Bitcoin". Eric Trump is currently the chief strategy officer of the mining company, and the project is the result of cooperation with Hut 8. (CoinDesk)

Lido DAO faces sell pressure as exchange inflows rise and network activity continues to decline. source: https://ambcrypto.com/lido-whales-dump-10-mln-tokens-but-thats-not-ldos-only-problem/

Not all FTX account holders will be compensated in the second distribution, but the trust said it will send more than $5 billion “within 1 to 3 business days” after May 30.

According to Foresight News, U.S. Senate Majority Leader John Thune has officially filed a motion to end the debate on the GENIUS Act, with a vote scheduled for May 19. Senate insiders have disclosed that the amendments include explicit prohibitions on the misuse of FDIC insurance and enhanced bankruptcy protection clauses to garner bipartisan support. The outcome of this vote will directly influence the regulatory direction of the United States in the digital asset sector. Previously, Foresight News reported, citing crypto journalist Eleanor Terrett, that the Senate received a bipartisan amendment text for the GENIUS Act concerning stablecoins. According to two informed Senate sources, the amendment introduces new changes in consumer protection, bankruptcy, and ethical considerations.

U. S. Senate set to vote on the GENIUS Act for stablecoin oversight, impacting major financial regulations. source: https://coincu.com/337848-senate-genius-act-stablecoin-vote-2

According to PANews, the U.S. Department of Justice has charged 12 individuals in connection with a $263 million cryptocurrency fraud network allegedly orchestrated by Malone Lam. The group is accused of employing tactics such as social engineering scams, database breaches, and physical theft of hardware wallets. Lam himself faces charges for a single fraud amounting to $230 million. Currently, 10 of the defendants have been apprehended, while two accomplices remain at large in Dubai. The indictment outlines the group's operations, which included target selection, phone scams, money laundering, and physical theft. Lam reportedly monitored victims' iCloud data remotely and directed associates to conduct burglaries. Records from August 2024 indicate the group stole 4,100 bitcoins, valued at $385.4 million at the time, through peer-to-peer scams. In September of the previous year, ZachXBT revealed that individuals known as Greavys (Malone Lam), Wiz (Veer Chetal), and Box (Jeandiel Serrano) were implicated in a sophisticated social engineering attack, resulting in the theft of $243 million from a Genesis creditor on August 19, 2024.

Odaily Planet Daily News According to Lookonchain monitoring, Wintermute received 10 million MIRAI (approximately US$105,000) 7 hours ago. Wintermute is the market maker of the token.

Ondo has already moved assets such as U.S. Treasury bonds and money market funds onto the chain and integrated them into DeFi gameplay.

Golden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and Metaverse industry news.

Today, we will not discuss technical details, but will peel off the emperor's new clothes and talk about the 10 most heartbreaking truths in the RWA circle. Fasten your seat belts and let's get started.

When we talk about payment vision and PayFi narrative, we don’t realize that crypto payments with stablecoins as the core have quietly advanced to the stage of application implementation.

From Meme coins to CS:GO accessories, the story of cyber speculation will never end.

A new meta-narrative is emerging: loud, fast, and speculative. It’s called Internet Capital Markets (ICM).

Although the logic supporting the reversal of ETH’s trend is still weak, the improvements in fundamentals and funding brought about by the Pectra upgrade can at least support Ethereum to return to the valuation center of 2800-3200.

After being accused of being Woke, Elon Musk’s xAI chatbot Grok is determined to prove that he isn't woke by spurring out white genocide rhetoric in South Africa, even in replies on unrelated topics.