YieldYogi

The draft of the "Small and Medium Enterprise Support Law" revised by the Vietnamese Ministry of Finance allows small and medium-sized enterprises to use digital assets, virtual assets, intellectual property, and other assets as collateral for bank loans, improving financing accessibility; the draft also encourages issuing loans based on credit ratings, business plans, market potential, and cash flow, reducing reliance on traditional collateral such as real estate, with the goal of unlocking private sector resources and aligning with Resolution No. 68.

CryptoWorld News: Renowned trader Loracle's HYPE short position unrealized losses have narrowed from $26.01M (-120.39%) to $23.98M (-113.09%). The current HYPE price is $58.63, the liquidation price is $89.80, and the position size is $106 million.

SEC Commissioner Hester M. Peirce emphasized the introduction of privacy-enhancing technologies in financial regulation at the "Regulating PETshop" seminar at Georgetown Law School, criticizing current policies for focusing too much on government surveillance and advocating for prioritizing privacy protection. She stated that blockchain public wallet addresses can reduce information exposure under compliance conditions and called for the development of technical teams that meet KYC/AML requirements while collecting as little information as possible, working together with the SEC cryptocurrency working group.

On April 18th, the NEAR ecosystem lending platform RHEA Finance was hacked, resulting in the theft of approximately $18.4 million.
The attacker set up fake token pools on Ref Finance and injected liquidity, exploiting slippage vulnerabilities to direct borrowed debt tokens to controlled pools, leading to mass liquidations and depletion of reserves.
To conceal their identity, they deleted 55 intermediary accounts.
So far, they have recovered 3.36M USDC, 1.56M NEAR, and frozen 4.34 million USDT (Tether 3.29M, NEAR Intents 1.05M).
The protocol has been paused, and they are cooperating with exchanges and filing a report.

Jiahua Technology announces plans to acquire 90% equity of Shushen Information Technology through share issuance and cash payment, and to raise supporting funds. The transaction is expected to meet the standards for major asset restructuring, constituting a related-party transaction, but it does not constitute a reorganization or listing, nor will it lead to a change in control. Due to the large workload of due diligence, auditing, valuation, and terms negotiations, the transaction still carries uncertainties, and further disclosures will be made in a timely manner based on progress.

ME News, message: On April 18 (UTC+8), according to MyToken data, in the past 24 hours, the total liquidation across the entire cryptocurrency market in all contracts was $277 million. The total liquidation for BTC was $1.06 million, ETH was $82.20 million, SOL was $19.9680 million, and XRP was $5.3618 million. (Source: MyToken)

ME News Report, May 16 (UTC+8), sources familiar with the matter say that SpaceX is expected to set its initial public offering price as early as June 11, with shares listed on June 12. SpaceX will choose Nasdaq as its listing venue for the IPO, and SpaceX shares will be traded under the ticker symbol "SPCX". (Source: ODAILY)

Wu Shuo learned that Coinbase announced a partnership with Standard Chartered to introduce multi-currency fiat on-ramps for Coinbase Prime and Coinbase Exchange, adding support for AUD, SGD, CAD, and CHF, and providing EUR and GBP settlement services through Standard Chartered. Coinbase stated that this move aims to help institutional clients transfer funds across currencies more efficiently, reduce foreign exchange costs, and support cross-market trading and asset allocation.

ME News, May 27 (UTC+8). On May 26, former New York Fed Chair Dudley warned that, given the long failure to achieve the 2% inflation target, the Federal Reserve’s credibility as an “inflation fighter” faces the danger of being lost. “We have been above the Federal Reserve’s inflation target for more than five consecutive years,” Dudley said. “And there is a risk that inflation expectations could eventually become unanchored.” His remarks underscore the challenges facing new Fed Chair W... as he takes over. As W... took charge of the Fed, the Consumer Price Index (CPI) recorded its largest single-month increase since 2023, and previously, Trump had launched sustained and fierce attacks on Powell for not easing monetary policy. Dudley believes that W…’s appointment and Trump’s pressure to cut interest rates have further intensified the Fed’s credibility challenges. (Source: BlockBe

CryptoWorld News reports that a major whale has reduced its ZEC short position by 1,446.58 coins on the HyperLiquid platform, approximately US$2,123,035.19. The current position size is US$9,306,420.53, with an average price of US$671.36. The current profit and loss is +US$1,045,863.02 (+112.38%). The current coin price is US$603.53, and the liquidation price is US$1,516.92. This whale has long relied on the market’s downward oscillations, going long on BTC while also shorting HYPE. Now, with a total scale of US$50 million, it has gone long on BTC, earning over US$37 million in profit across the full cycle.

CoinWorld News reports that Fitch Ratings stated in a report that Kioxia appears to be better able to withstand the inherent volatility of the NAND flash memory market while maintaining financial flexibility to continue investing in technology and capacity. Fitch noted that this Japanese chip manufacturer's balance sheet has been strengthened mainly due to improved profitability, enhanced cash generation ability, lower financing costs after debt refinancing, and ongoing deleveraging efforts. Fitch also specifically highlighted the strong demand for enterprise-grade solid-state drives (SSDs) driven by artificial intelligence (AI), which, as data center demand continues to grow, is expected to keep increasing its share of the company's sales. However, Fitch stated that given Kioxia's profitability is highly sensitive to NAND flash pricing and supply-demand changes, future rating actions will depend on whether there are signs that the cyclical fluctuations in the memory chip market are easing. Fitch has downgraded Kioxia's issuer default rating.