区块客

Author: Max, Crypto City
Bitcoin ETF review enters deep water, Financial Supervisory Commission promises to reveal the truth by the end of June
The Legislative Yuan Finance Committee held a meeting on May 7, 2026, to conduct intense questioning on virtual asset regulation and digital financial development. Kuomintang legislator Ge Rujun was the first to raise concerns, pointing out that global digital assets are rapidly converging in Taiwan, and the push for Bitcoin ETFs has become an irreversible trend.
Ge Rujun mentioned that recently, international financial giants such as Morgan Stanley have joined the competition for Bitcoin spot ETFs, indicating that traditional finance's embrace of digital assets is becoming increasingly formalized. He further revealed that he has forwarded a research report titled "Bitcoin as a Reserve Asset," written by staff agencies of U.S. Senators, to the Financial Supervisory Commission. The report details the pros and cons of including Bitcoin in national reserves and offers legal recommendations.
Related news

The U.S. stock market is plunging into an almost疯狂的 speculative frenzy, and this wave of热潮 has directly燃烧向 Bitcoin. Analysts warn that Bitcoin's recent强劲涨势 is fundamentally高度 tied to Wall Street's "搏命式" risk appetite, which for crypto investors, is both蜜糖 and potentially毒药.
The US stock call options爆天量, with规模 approaching the entire crypto market.
This market "过热"的强烈信号 mainly comes from options linked to the S&P 500 index. These are derivative financial contracts that allow traders to bet on or hedge against the index's movement. Buying "call options" (买权, betting the index will突破 a certain level within the期限) indicates optimism about the future; while "put options" (卖权, betting the index will跌穿 a certain level) are used to防御 downward risks.
According to data tracked by Zero Hedge, the nominal交易量 of S&P 500 index call options on Wednesday at US stock derivatives exchanges竟飙

As quantum computing technology develops, the "doomsday threat" faced by the cryptocurrency world may arrive sooner than expected. The company focused on post-quantum cryptography development, Project Eleven, predicts that the critical point at which quantum computers break modern encryption—commonly known in the tech industry as "Q-Day"—will likely occur by 2030.
Project Eleven's report states that the probability of "Q-Day" arriving before 2033 is "more than 50%," with only a few years' margin of error.
Quantum technology will experience a "leapfrogging" explosion
Worryingly, Project Eleven assesses that the progress of quantum technology will not be a gradual linear development but rather a leapfrogging breakthrough. Advances in hardware and algorithms are stacking upon each other, potentially triggering a massive capability leap.
The company describes this scenario in one sentence as a...

Since last week, Bitcoin has repeatedly challenged the $80k level but has failed to break through. On the surface, it seems to lack momentum, but in reality, there is an "invisible force" from the derivatives market secretly restraining the market's upward movement.
On Deribit, the world's largest cryptocurrency options exchange, a large concentration of call options (bullish options) with a strike price of $80k is rapidly accumulating.
This massive open interest forces market makers, who take the opposite side of these contracts, to "sell spot" assets in reverse when Bitcoin's price rises to hedge their risk. This hedging strategy, known as "Long Gamma," effectively sets up a "ceiling" above the market, suppressing further gains; the higher the price climbs, the stronger the selling pressure becomes.
Andy Baehr, Managing Director of GSR Capital Management, pointed out: "Many speculators believe that $80k is

The world's largest corporate Ethereum holder, Bitmine (BMNR), bought an additional 101,745 ETH last week. The company's chairman, Tom Lee, stated that even though market sentiment remains subdued, a new wave of the "crypto spring" has quietly begun.
According to a statement released on Monday, Bitmine's total Ethereum holdings have surpassed 5.18 million ETH, accounting for approximately 4.29% of the total Ethereum supply.
Currently, the total scale of cryptocurrencies and cash assets held by Bitmine has reached $13.1 billion. In addition to holding a large amount of ETH, the company also owns 200 Bitcoin, $700 million in cash and equity, including stakes in Beast Industries and Eightco Holdings.
Based on the current market price, the latest purchase of ETH by Bitmine is valued at approximately 2

U.S. largest cryptocurrency exchange Coinbase (NYSE: COIN) announced its latest earnings report on Thursday.
Affected by sluggish coin prices and cooling trading activity, the company's first-quarter revenue and profits both fell short of market expectations, dragging the stock down more than 5% after hours.
Coinbase reported a first-quarter loss of $1.49 per share, far from the analyst forecast of a $0.27 profit per share; revenue was $1.41 billion, also below the market estimate of $1.52 billion.
In terms of revenue structure, the core "trading income" reached $755.8 million, below the market expectation of $805.2 million; the "subscription and services revenue," considered key to Coinbase's transformation and aimed at reducing reliance on transaction fees, was $583.5 million, also below the estimated $619.3 million.
In cryptocurrency prices

Author: Max, Crypto City
Financial Supervisory Commission promotes transformation to a licensing system, establishing a comprehensive VASP regulatory framework
Chairman Peng Jinlong of the Financial Supervisory Commission (FSC) attended the Legislative Yuan Finance Committee on May 7 to deliver a special report on "Development and Outlook of Financial Technology Business Promotion." The report pointed out that as emerging technologies rapidly evolve, fintech has become a key to enhancing industry competitiveness. The FSC's current policy focus is on implementing financial and business supervision of Virtual Asset Service Providers (VASPs).
According to the draft Virtual Asset Service Act approved by the Executive Yuan in April 2025 and submitted to the Legislative Yuan, Taiwan's regulation of virtual assets is undergoing a milestone transformation, officially shifting from the previous "Anti-Money Laundering Registration System" to a more stringent "Licensing System."
Related news: 2026 Latest » Virtual Asset Service Act Draft Summary

Author: Max, Crypto City
Bitcoin ETF review enters deep water, Financial Supervisory Commission promises to reveal the truth by the end of June
The Legislative Yuan Finance Committee held a meeting on May 7, 2026, to conduct intense questioning on virtual asset regulation and digital financial development. Kuomintang legislator Ge Rujun was the first to raise concerns, pointing out that global digital assets are rapidly converging in Taiwan, and the promotion of Bitcoin ETFs has become an irreversible trend.
Ge Rujun mentioned that recently, international financial giants such as Morgan Stanley have joined the competition for Bitcoin spot ETFs, indicating that traditional finance's embrace of digital assets is becoming increasingly formalized. He further revealed that he has forwarded a research report titled "Bitcoin as a Reserve Asset," written by staff agencies of U.S. Senators, to the Financial Supervisory Commission. The report details the pros and cons of including Bitcoin in national reserves and legal recommendations.
Related news

As quantum computing technology develops, the "doomsday threat" faced by the cryptocurrency world may arrive sooner than expected. The company focused on post-quantum cryptography development, Project Eleven, predicts that the critical point at which quantum computers break modern encryption—commonly known in the tech industry as "Q-Day"—will likely occur by 2030.
Project Eleven's report states that there is a "more than 50% chance" that "Q-Day" will happen before 2033, with only a few years' margin of error.
Quantum technology will experience a "leapfrogging" explosion
Worryingly, Project Eleven assesses that progress in quantum technology will not be gradual and linear but will instead be characterized by sudden breakthroughs. Advances in hardware and algorithms are stacking upon each other, potentially triggering a massive leap in capability.
The company describes this with one sentence:

Wall Street investment bank JPMorgan's latest report indicates that the strategy led by the "Bitcoin bull" Michael Saylor is rapidly accumulating Bitcoin at an astonishing rate, with this year's purchase volume expected to reach $30 billion, setting a new record high.
Accurately buying on dips, the buying momentum surpasses previous levels
Led by JPMorgan Managing Director Nikolaos Panigirtzoglou, the analysis team pointed out that the strategy's Bitcoin accumulation has significantly accelerated this year, having already spent about $11 billion, acquiring 145,834 Bitcoins so far, mostly during periods when the price was below the average holding cost (around $75k).
Based on the current "accumulation" pace, analysts estimate that the strategy's Bitcoin purchases could reach as high as $30 billion this year.

U.S. largest cryptocurrency exchange Coinbase (NYSE: COIN) announced its latest earnings report on Thursday.
Affected by weak coin prices and cooling trading activity, the company's first-quarter revenue and profits both fell short of market expectations, dragging the stock down more than 5% after hours.
Coinbase reported a first-quarter loss of $1.49 per share, far from the analyst forecast of a $0.27 profit per share; revenue was $1.41 billion, also below the market estimate of $1.52 billion.
In terms of revenue structure, the core "trading income" reached $755.8 million, below the market expectation of $805.2 million; the "subscription and service income," considered key to Coinbase's transformation and aimed at reducing reliance on transaction fees, was $583.5 million, also below the estimated $619.3 million.
In cryptocurrency prices

Source: Coinbase
Translation: Felix, PANews
Coinbase Institutional and Glassnode jointly release the second quarter of 2026 "Charting Crypto" report, which states that due to the ongoing and highly uncertain geopolitical landscape, the outlook for the cryptocurrency market in the second quarter of 2026 is neutral.
PANews has summarized the key points of the report, and the details are as follows.
The current geopolitical landscape remains ongoing and highly uncertain, making it difficult to make confident short-term investment decisions. Therefore, the report suggests that in the current environment, a strategy balancing risk and reward should be adopted.
Financial markets are mainly driven by macroeconomic events and the latest developments in the Middle East conflict, with the situation in the Middle East changing rapidly.
Although the ultimate impact of the conflict on the global economy remains unclear, the international monetary base

Since the official launch of its own stablecoin "SoFiUSD" at the end of last year, the well-known American fintech giant SoFi announced that it will expand its scope and start issuing this token on the Solana blockchain.
Why choose Solana? Ben Reynolds, head of corporate banking at SoFi, said on Tuesday:
"We believe Solana is the most suitable public chain for payment scenarios, not only because of its low transaction costs and extremely fast settlement speeds, but more importantly, because it has strong throughput."
SoFi launched the US dollar stablecoin "SoFiUSD" in December 2025, issued by its subsidiary with a license from the Federal Reserve Bank of the United States.

Author: Ariel, Crypto City
2026 Midterm Election Poll: Most Voters Do Not Trust Trump to Oversee Crypto Regulation
In the last general election, the Trump administration listed cryptocurrency policy as one of its key platform promises. At the time, this caused a stir in the crypto community, and following Trump’s inauguration it sparked a new bull market, helping Bitcoin quickly break through $69,000 and set a historic high above $120,000 in 2025.
However, a year has passed. With the entanglement of interests between the Trump family and the crypto industry, along with the stalemate over U.S. crypto-asset regulation legislation, some American voters’ views have shifted significantly.
According to the latest poll commissioned by foreign media outlet CoinDesk and conducted by Public Opinion Strategies, up to 62% of American voters do not trust the Trump administration’s oversight of the cryptocurrency industry. The statistical confidence interval of the survey results (

Source: Coinbase
Translation: Felix, PANews
Coinbase Institutional and Glassnode jointly release the second quarter 2026 "Charting Crypto" report, which states that due to the ongoing and highly uncertain current geopolitical landscape, the outlook for the cryptocurrency market in the second quarter of 2026 is neutral.
PANews has summarized the key points of the report, and the following is the detailed content.
The ongoing and highly uncertain geopolitical landscape makes it difficult to make confident short-term investment decisions. Therefore, the report believes that under the current environment, a strategy balancing risk and reward should be adopted.
Financial markets are mainly driven by macroeconomic events and the latest developments in the Middle East conflict, with the situation in the Middle East changing rapidly.
Although the ultimate impact of the conflict on the global economy remains unclear, the international monetary base

The Wall Street Journal reports that meme stock pioneer GameStop (GME) plans to invest $55.5 billion to acquire e-commerce giant eBay (EBAY), a scale several times larger than itself. This not only highlights GameStop's "snake swallowing an elephant" ambition but also draws the attention of the crypto community: Will GameStop's approximately $368 million worth of Bitcoin on its balance sheet be liquidated to fund this historic acquisition?
According to the acquisition proposal put forward by GameStop, the company will acquire eBay through a "cash plus stock" offer at a price of $125 per share, representing a premium of about 46% over eBay's stock price in early February this year. In fact, GameStop has been positioning itself for some time and currently holds about 5% of eBay's shares.
Where will the funds come from? Will GameStop sell its Bitcoin?
Such a huge

Bitcoin recently rebounded sharply from the $60k low, soaring 30% within two months, returning above $80k. This not only boosted the overall cryptocurrency market but also prompted Ark Invest to make a shocking prediction again: by 2030, Bitcoin's market cap is expected to surge to $16 trillion, while the total cryptocurrency market cap could reach $28 trillion.
Although there is still some distance from the all-time high of $126k set in 2025, Bitcoin has followed the optimistic sentiment of global stock markets to rally. As of the time of writing, Bitcoin is trading at $81,405, up 0.6% in the past 24 hours.
What is even more noteworthy is that the incoming Federal Reserve Chair, Kevin Warsh, publicly declared that Bitcoin is the "new gold." With the support of heavyweight figures, market expectations for Bitcoin's future have...

Bitcoin officially entering the banking system is moving from imagination to reality. Morgan Stanley’s digital asset strategy head Amy Oldenburg expects that Bitcoin will inevitably appear on the balance sheets of major U.S. banks in the future, but there are still several hurdles to overcome in the short term.
Amy Oldenburg revealed at the Bitcoin Conference held in Las Vegas recently that, as customer demand continues to rise, this Wall Street investment bank is actively paving the way to expand its digital asset footprint. She said:
We have been deeply involved in the digital asset space for many years, and now the regulatory environment is more supportive of our efforts than ever before.
The Federal Reserve and international regulations are key obstacles
Amy Oldenburg also mentioned that U.S. banks may eventually include Bitcoin on their balance sheets, but achieving the same level of integration as Morgan

Bitcoin surged in April this year, but behind the impressive rally, there may be hidden concerns. On-chain analysis firm CryptoQuant states that Bitcoin's recent price spike is merely a "speculative rebound," lacking fundamental buying support, with correction risks increasing daily. Investors should stay alert.
CryptoQuant research director Julio Moreno pointed out in a report that Bitcoin skyrocketed from $66k to a high of $79k in April, a 20% increase, but almost entirely driven by increased demand for perpetual futures; in contrast, the "spot demand" that truly reflects market fundamentals shrank during this period. He said:
Throughout April, Bitcoin's price increase was almost entirely driven by demand for perpetual futures, while apparent spot demand continued to shrink. This structure (rising futures demand, shrinking spot demand) has historically often led to