According to Huoxun Finance, Payward (Kraken's parent company) has applied for a national trust company license from the U.S. Office of the Comptroller of the Currency (OCC) to establish Payward National Trust Company (PNTC), providing regulated, bank-like digital asset custody and trust services to institutional and individual clients. Previously, Coinbase and Ripple received conditional approval for similar licenses, indicating that crypto institutions are accelerating their move towards a compliant financial system.

According to Huoxun Finance, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated that regulators are considering new rules for on-chain financial markets and related software applications. He pointed out that current DeFi and other software protocols are difficult to categorize under traditional regulatory frameworks as exchanges, brokers, or clearinghouses, as a single protocol often simultaneously performs multiple functions such as trade execution, collateral management, liquidity routing, and settlement. This statement is seen as a move towards a more open attitude from the SEC towards the crypto industry, a more favorable stance than that of his predecessor, Gary Gensler. At the same time, the SEC is also exploring innovative exemption mechanisms for tokenized securities and promoting a clearer classification system for digital assets.

According to Odaily, Lee Reiners, a lecturer at Duke University School of Law, stated that World Liberty Financial, associated with the Donald Trump family, may have its governance token, WLFI, constituting an unregistered security. He pointed out that although the project defines WLFI as a governance token, its issuance method, marketing, and investor profit expectations may meet the U.S. SEC's "Howey Test" criteria for determining securities. Furthermore, WLFI's large-scale pre-sale before the protocol's launch and its promotion leveraging the Trump brand are also seen as strengthening its "investment attributes."

According to CryptoQuant, an on-chain analytics firm, the recent price surge in Bitcoin may lead to increased profit-taking. Data shows that Bitcoin has risen over 20% since early April, but the firm still defines this rally as a "bear market rally." The current short-term holder profitability indicator remains above 1, indicating that the market has been in a sustained profit-taking phase since mid-April. Analysts believe that although selling pressure is increasing, a price correction may still take time to materialize.

In the past hour, total liquidations across the network reached $10.47 million, with $679,611.17 from long positions, with $9.79 million from short positions. BTC liquidation $793,088.55, ETH liquidation $598,527.88.