In mid-May 2026, two seemingly independent regulatory threads suddenly intersected: on one side, the SEC announced the repeal of the no-deny (also known as the gag rule) settlement policy that had been in place for about 50 years, ending the tradition of "plead guilty but cannot argue" that had been in effect since the 1970s; on the other side, Senator Elizabeth Warren sent an open letter to Jonathan Gould, the head of the Office of the Comptroller of the Currency (OCC), questioning the OCC's issuance of national trust charters to several cryptocurrency companies.

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U.S. President Trump openly warned of possible military action against Iran, triggering market awareness of geopolitical risks.

Circle is trying to transform from a single-layer company into a full-stack financial platform that can operate and derive value at multiple layers of the payment stack.

On May 19, 2026, Wall Street and public pensions seemed to have agreed in advance to place their bets on the same track on the same day: Benchmark, TD Cowen, and Mizuho collectively assigned or maintained "buy" equivalent ratings for Bitdeer, DeFi Technologies, Strive, and Gemini. The rationale no longer rested on trading volume and transaction fees, but was clearly stated in the reports—these companies are moving towards AI infrastructure, capital market tools, and digital financial platforms.

In mid-May 2026, the U.S. stock market continued to maintain a strong "wall-climbing" pattern of hitting new highs. Major Wall Street investment banks like Goldman Sachs have recently raised their end-of-year target for the S&P 500 index to 7600 points or even higher.

You can follow the official account Gu Jingci, focusing on mainstream currency guidance and layout.

The latest financial report from Canaan Creative laid bare the "high coin prices and high pressure" reality faced by mining companies: in the first quarter of 2026, with a total revenue of approximately 62.7 million USD, it still recorded a net loss of about 88.7 million USD. As of the end of March, the company was stacking approximately 11 EH/s of computing power through about 10 joint mining projects, simultaneously producing approximately 257 BTC through collaborative operations, while accumulating around 1,807.60 BTC and 3,951.53 ETH on its balance sheet, in addition to acquiring Ci.

Market Analysis

On May 19, 2026, the Japanese Financial Services Agency pressed a subtly significant "switch" in Kasumigaseki: by announcing a cabinet order partially amending the "Cabinet Office Ordinance on Transactions by Specified Foreign Issuers of Electronic Payment Means," it provided a clear legal basis for certain foreign-issued, trust-structured crypto payment assets for the first time. According to this new regulation, starting June 1, 2026, as long as an asset of a certain foreign trust type, anchored to the value of legal tender, is governed by the regulatory jurisdiction of its underlying legal region,

The "On-chain Singularity" of Wall Street and US stocks: Bloomberg and Reuters have confirmed that the US Securities and Exchange Commission (SEC) is expected to issue an "Innovation Exemption" for tokenized stocks as early as this week.

On May 19, 2026, three seemingly unrelated pieces of news were pinned together: In Nagatacho, Tokyo, the Liberal Democratic Party’s policy research council approved the "Next Generation AI and On-chain Finance Proposal" drafted by Seiji Kihara's team, signaling a national-level initiative to reshape the new generation of financial systems using AI and on-chain finance; on the same day, Xie Jiayin, the Chinese head of Bitget, presented a vision of doing "new overseas remittances" in the digital age in a movie review discussing the history of overseas remittances, aimed at the low...

In the world of DeFi, finding the highest yield and safest lending pool is often a physically demanding task. You need to frequently switch between multiple protocols such as Aave, Morpho, Compound, manually compare APY, calculate gas fees, and finally, perform complex signature confirmations.