VanEck and Grayscale update BNB ETF proposal

BBX News, Gemini May 15th+17%: Q1 revenue of $50.3 million (+42%)+$100 million BTC investment (1258 BTC, $14/share, premium 153%)+CFTC DCO license; Coinbase May 15th -7.6% (CLARITY Act buy expected sell fact, Polymarket pass probability drops to 59%); Mubadala Q1 13F (May 16th): IBIT holdings increased by 16% to $566 million, exceeding $500 million for three consecutive quarters. Core points: ——Gemini (NASDAQ: GEMI): Q1 revenue of $50.3 million (+42%, exceeding expectations), EPS - $0.93 (better than - $1.03); $100 million BTC battle investment (1258 BTC, $14/share); Credit card+300%, CFTC DCO license; May 15th+17%. ——Coinbase (NASDAQ: COIN): May 15th -7.6% (CLARITY Act Sell Facts, Polymarket 59%, Warsh Fed Uncertainty), Form 144）； The cost of data security is suspended at $180-400M. ——BlackRock (NYSE: BLK) IBIT: Mbadala Q1 13F (disclosed on May 16): IBIT holds 14.7M shares at $566 million (+16%), exceeding $500 million for three consecutive quarters; Al Warda holds an additional $408 million, with a combined peak of over $1 billion. Source: bbx.com

The yield of 30-year US Treasury bonds has exceeded 5%, reaching a 20-year high, while the yield of 10-year Japanese bonds has risen to 2.8%, reaching a 30-year high. The sharp drop in the Korean stock market triggered a circuit breaker, causing the price of gold to fall below $4500. Pruya Misra, portfolio manager at JPMorgan Asset Management, stated that concerns have arisen over the global rise in long-term interest rates and expectations of a Federal Reserve rate hike. Investors believe that the Middle East standoff blocking the Strait of Hormuz will continue to increase bond pressure.

[Tom Wan: ETH Utilization Rate Drops Below 90%, Deposit Volume Significantly Reduced] According to on-chain analyst Tom Wan, the ETH utilization rate has fallen below 90%, and the lending APY has dropped to 1.9%. Since the rsETH LayerZero cross-chain bridge attack, the deposit volumes of wstETH and weETH have decreased by approximately $1.2 billion (around $1.2 billion) and $1.76 billion (around $1.76 billion), respectively. As the wstETH/weETH leveraged loop strategy against ETH returns to profitability, the market is focusing on whether demand for ETH leveraged loops will rebound or if funds will flow toward protocols like Spark and Morpho.

According to Kelp's post on X platform, cross chain support for rsETH on 20 chains including Optimism, Manta, Mode, etc. will be discontinued after June 15th. Kelp reminds users to bridge back to the Ethereum mainnet before the deadline. After June 15th, applying for asset recovery requires paying a handling fee of 100 USDC per address. The specific process will be announced separately.

Japan's 30-year treasury bond bond yield rose 17 basis points to 4.170%, a record high. (Golden Ten)