According to Spot On Chain, a crypto giant whale has once again injected $1.8 million USDC into the Hyperliquid platform, increasing its short position in the HYPE token. The whale has invested a total of 10.36 million US dollars within a week, establishing a 5-fold leveraged position with a current value of 29.1 million US dollars and a floating loss of 1.24 million US dollars. The liquidation price is 25.01 US dollars.

According to BlockBeats, on May 8th, Jacquelyn Melinek, a former TechCrunch journalist, posted on social media that "the US Treasury Department will hold a series of private roundtables with members of the cryptocurrency industry next week to discuss ecosystem issues covering different fields such as DeFi, banking, and cybersecurity

According to Bloomberg, Robinhood is developing a new blockchain based platform that plans to allow European users to trade tokenized assets of US securities. The platform may be based on the Arbitrum, Ethereum, or Solana blockchain and built in collaboration with a digital asset company. The news points out that with the increasingly clear regulatory environment in Europe, asset tokenization has become a popular direction for traditional financial institutions to expand into the cryptocurrency market.

A new policy directive from the U.S. regulator of national banks says the institutions can also outsource crypto custody and execution to outside parties.

JUST IN: 🇺🇸 IRS loses nearly 1 in 3 tax auditors in DOGE cuts, CNBC reports.