24H Hot Tokens & Headlines | Polymarket Plans to Require KYC for Traders; FTX Announces Next Round of Repayment Schedule (May 28)
- Core觀點： This week's report shows a market-wide correction, but certain altcoins and "stock-linked tokens" are rising against the trend. On the regulatory front, the US SEC and CFTC, China's Supreme People's Court, and the Hong Kong Monetary Authority have all strengthened digital asset-related regulations and rule-making. Additionally, Pump.fun continues to sell large amounts of SOL for profit, and OpenSea has launched the ERC-8257 standard for AI agents.
- Key Elements:
- Divergent market performance: Top CEX tokens mostly declined (SUI -5.93%, ZEC -7.98%), but XLM (+17.42%) and "stock-linked tokens" like SNOW.M (+35.73%) saw significant gains.
- Signals of tightening regulation: US SEC Chairman Atkins promises to provide clear guidance for the digital asset market; China's Supreme People's Court will study judgment rules for new types of cases involving virtual currencies.
- Regulatory action in Asia: The Hong Kong Monetary Authority requires banks to complete a review of accounts opened by mainland investors using fake documents within three months, tracing back to January 2023, and to clean up "zombie accounts."
- Polymarket compliance shift: Plans to implement KYC identity verification for traders to address sanctions and legal risks, possibly following increased pressure after a New York Times investigation.
- Pump.fun continues cashing out: In the last 10 days, Pump transferred another 832,000 SOL to Kraken, bringing the total SOL sold since early 2024 to 4.54 million (worth $791 million), at an average price of $174.
- Industry technical progress: OpenSea has launched the Ethereum standard ERC-8257 for AI agents, enabling tool registration, access rule declarations, and on-chain pricing and calls.
- FTX repayment schedule: The registration date for the next round of repayments is set for June 16, 2026, with distribution expected to begin on July 31.
1. Popular CEX Tokens
Top 10 CEX Trading Volume & 24h Change:
- BTC：- 2.06%
- ETH：- 2.75%
- SOL：- 2.06%
- XRP：- 2.15%
- BNB：- 1.67%
- NEAR：- 4.56%
- TRX：- 2.11%
- ZEC：- 7.98%
- DOGE：- 1.56%
- SUI：- 5.93%
24h Gainers (Data source: OKX):
- XLM： + 17.42%
- OFC： + 17.40%
- ALLO： + 9.80%
- AR： + 6.09%
- SPACE：+ 6.07%
- EDGE： + 5.70%
- NIGHT： + 5.67%
- JTO： + 5.27%
- WLFI： + 3.82%
- STORJ：+ 3.55%
24h Stock-Related Crypto Gainers (Data source: msx.com):
- SNOW.M：+ 35.73%
- GREE.M：+ 16.00%
- LUNR.M：+ 14.37%
- NBIS.M：+ 12.25%
- IREN.M：+ 12.24%
- COHU.M：+ 11.54%
- VIVO.M：+ 11.28%
- HIVE.M：+ 11.22%
- APP.M：+ 10.91%
- SWMR.M：+ 10.64%
2. Trending On-Chain Memes (Data source: GMGN):
- Solana：GOSLINGS、GOLD
- BNB：Laidoulai Le, Corla
Headlines
Polymarket Plans to Require Trader KYC Amid Rising Sanctions & Legal Pressure
Prediction market Polymarket is facing increased regulatory and sanctions compliance pressure. The platform is reportedly pushing for trader identity verification (KYC) to mitigate potential legal and compliance risks.
Although Polymarket's betting platform rules do not permit related activities in some regions, users have continued to participate via automated trading bots, creating gray usage pathways in areas like Russia. Some developers are even using tools like Telegram to organize trading flow and expand the user base. As the platform scales and regulatory scrutiny intensifies, Polymarket is being forced to seek a balance between decentralized prediction markets and compliance requirements to address potential sanctions and legal risks.
FTX Announces Next Distribution Schedule; Payouts to Begin July 31
FTX has announced that the registration date for the next round of distributions is set for June 16, 2026, targeting users with approved FTX claims and equity interests. Distributions are expected to begin on July 31, 2026.
Meanwhile, the next payment for preferred shareholders will also occur on July 31, with the same June 16 registration date. Holders of approved NFT customer interest claims can initiate the NFT distribution process starting June 30, 2026.
Trump Warns Ally Oman: Behave or Be Bombed
US President Donald Trump commented Wednesday on reports regarding joint Iranian-Omani control of the Strait of Hormuz, stating that Oman will "behave" and reject any such mechanism, "or we're gonna have to bomb them." Iranian authorities had proposed cooperating with Omani authorities to manage and regulate maritime traffic in the strait between Iran and Oman. Iran had also considered a joint toll mechanism with Oman, a proposal opposed by the US. Speaking at a cabinet meeting, Trump told reporters, "Nobody can control the strait. The strait will be open to everyone," adding that the US will "watch it very closely." Trump added, "Oman will behave like other countries, or we're going to bomb them. They understand that, so it'll be fine."
Doge Designer: Musk & His Companies Have No Association with Any Cryptocurrency or Exchange
DogeDesigner posted a reminder on X platform stating that Elon Musk and his affiliated companies have no association with any cryptocurrency or exchange. The post stated that Grok, SpaceXAI, Tesla, SpaceX, and Neuralink have not issued any official tokens, warning users to be cautious of related scam projects.
Industry News
China's Supreme People's Court to Study Judgement Rules for New-Type Cases like Virtual Currencies
The State Council Information Office held a press conference on the "Start of the 15th Five-Year Plan" series, introducing the progress of "Comprehensively Advancing the Rule of Law". Liu Guixiang, Vice President-level Full-time Committee Member of the Adjudication Committee of the Supreme People's Court and Second-Grade Grand Judge, stated that the Supreme Court will conduct in-depth research on judgment rules for new-type cases such as virtual currencies and cross-border finance, and will soon formulate judicial interpretations on civil compensation for insider trading and market manipulation to ensure the stable operation of capital markets and protect the legitimate rights of small and medium-sized investors.
Furthermore, regarding new business models in the digital economy, the Supreme Court will study and formulate normative documents on judicial protection for AI-related cases and data property rights, refining judgment rules on data ownership, data transactions, and AI-generated content.
SEC Chair: Will Provide Much-Needed Clarity for Digital Asset Markets
SEC Chair Paul Atkins posted on X platform, stating that for too long, the SEC has been disconnected from new technology and innovation, forcing entrepreneurs to move their businesses overseas. "That era is over. Under President Trump's leadership, the SEC is working with the Executive Branch and Congress to provide much-needed clarity for digital asset markets."
The Hong Kong Monetary Authority (HKMA) has required banks to launch account opening checks for investment accounts opened by mainland Chinese users, focusing on identifying and closing accounts opened with fake documents and cleaning up zombie accounts. The scope of the checks for fake document accounts covers those opened since January 2023, with checks to be completed within 3 months and problematic accounts to be closed within 6 months of completion.
Checks and cleanups of "zombie accounts" will also commence within the next 3 months. Banks must identify accounts held by mainland Chinese investors with zero balance and no trading activity in the year preceding May 22, 2026. They must re-confirm KYC (Know Your Customer) information with these clients and require them to make a series of declarations per new investment account opening regulations. If these procedures cannot be fulfilled, the accounts will be closed within 6 months.
Project News
Pump Transfers Another $8.32M in SOL to Kraken; Cumulative Fee Sales Reach $791M
According to monitoring by on-chain analyst EmberCN, Pump transferred another 100,628 SOL (worth approximately $8.32 million) to Kraken an hour ago.
Ember stated that since Pump resumed transferring fee income to exchanges 10 days ago, it has continued its SOL transfer operations. Data shows that since the beginning of 2024, Pump has sold approximately 4.54 million SOL from fee income, with a total value of about $791 million, at an average sale price of around $174.
OpenSea Launches Ethereum Open Standard ERC-8257 for AI Agent Tool Registration
OpenSea announced the launch of the Ethereum open standard ERC-8257 (Agent Tool Registry), positioning it as an "app store for AI agent tools." According to the introduction, developers can use this standard to register tools on-chain, declare access rules and pricing, while supporting AI agents in autonomously discovering, purchasing access rights, and calling upon related tools without human intervention.
Resolv Announces Recovery Plan for USR Security Incident; RLP to be Redeemed at 55% Reference Price
The Resolv Foundation has announced a comprehensive recovery plan for the March 22 USR security incident. The incident allowed illegally minted USR tokens to enter the market, leading the protocol to suspend operations and enter recovery mode.
Under the recovery framework, USR acts as the priority layer asset, and RLP, as the subordinate layer, bears the losses. USR/wstUSR held before the incident will be redeemed for USDC at a 1:1 ratio, while USR/wstUSR obtained after the incident will be redeemed for USDC at a 1:0.5 ratio.
Funding
AI Coding Company Cognition Raises $1B, Led by Lux Capital and Others
AI coding startup Cognition announced a $1 billion funding round, valuing it at $26 billion. The round was co-led by Lux Capital, General Catalyst, and 8VC, with participation from Ribbit Capital, Atreides Management, and Peter Thiel's Founders Fund. Cognition AI focuses on AI-driven software development tools and is seen as a major player in the AI coding race. Market observers noted that this round further reflects sustained capital enthusiasm for the "AI + software engineering automation" track.
OpenRouter Raises $113M in Series B Led by CapitalG
OpenRouter, an AI model aggregation platform founded by OpenSea co-founder Alex Atallah, announced a $113 million Series B funding round led by CapitalG, the growth fund of Alphabet (Google's parent company). The round also saw participation from a16z, Menlo Ventures, Nvidia's NVentures, ServiceNow, MongoDB, Snowflake, and Databricks. The company's valuation now exceeds $1 billion.
People & Perspectives
TD Cowen stated that President Trump's public support for the CFTC's jurisdiction over prediction markets is unlikely to change the legal debate surrounding event contracts. Jaret Seiberg, Managing Director at TD Cowen, pointed out that this matter is now in federal court and is not something a regulator or the executive branch can decide. He still believes the Supreme Court will ultimately rule on whether Congress prioritized event contracts over state sports betting laws, and that states still hold an advantage in this debate, with litigation possibly taking two years or more. Seiberg also noted that Trump's post was more about defending CFTC Chair Selig following a New York Times investigative report, rather than a substantive policy change.
Vitalik: Shifting from Regular Blog Posts to Trying Sci-Fi on Decentralized Governance Themes
Ethereum co-founder Vitalik Buterin stated that he will no longer write regular blog posts and has decided to try writing science fiction centered on the theme of decentralized governance. According to the link he shared, he has already completed the first and second chapters of this sci-fi story.
10x Research analyzed on X platform, pointing out that as Bitcoin volatility continues to decline, NAV premiums for most Bitcoin treasury companies have significantly compressed, with some turning into substantial discounts, and related investor losses are becoming apparent.
Historically, Grayscale's GBTC traded at a 47% discount in December 2022, allowing investors to effectively buy Bitcoin at an implied price below $10,000. The market had mistakenly viewed traditional financial crypto packaged products as "Bitcoin leveraged tools," but these structures are more akin to option products: implied value expands when volatility rises and compresses when volatility falls.
Tom Lee: Crypto Super Cycle is Coming; ETH to Benefit from Tokenization and AI Agent Wave
Tom Lee, Chairman of Bitmine, stated that he remains firmly bullish that the crypto market is about to enter a new super cycle and believes Ethereum will be a core beneficiary asset.
Tom Lee noted that the two core drivers of this cycle are Wall Street-driven asset tokenization and the rapid development of AI agents, adding that "the crypto market and Ethereum are set to enter a super cycle."
