According to Odaily, BitcoinTreasuries.NET reported on the X platform that Bitcoin mining company Canaan has authorized its management to sell a portion of its digital asset reserves to fund a stock buyback of up to $30 million. Canaan holds 1,915 BTC and 3,952 ETH, worth approximately $130 million.

According to Odaily Planet Daily, Defend American Jobs and Protect Progress, affiliated with the cryptocurrency-backed political action committee Fairshake, disclosed that they collectively spent over $1.5 million ahead of the August 18 primaries to support House and Senate candidates in Florida, Alaska, and Wyoming. Federal Election Commission documents show that Defend American Jobs spent over $500,000 in Alaska's single congressional district to support Representative Nick Begich's re-election; the Super PAC also spent similar amounts on Republican candidates Sydney Gruters in Florida's 16th congressional district and Harriet Hageman in Wyoming's Senate seat. Protect Progress disclosed that it spent over $50,000 in Florida's 23rd congressional district to support Lois Frankel's re-election. Frankel, Begich, and Hageman all voted for the GENIUS Act and CLARITY Act during their terms in Congress. These expenditures occurred after the primary loss of the Michigan 13th congressional district candidate supported by Protect Progress. The Super PAC had previously invested over $2 million to support incumbent Democratic Representative Shri Thanedar, who lost the primary to State Representative Donavan McKinney.

According to Odaily, Patrick Hansen, Senior Director for EU Strategy and Policy at Circle, stated that since the full implementation of the EU's Crypto Asset Market Regulation (MiCA), licenses have been issued for 35 electronic currency tokens from 21 issuers, with local issuers making good progress in implementation. Hansen pointed out that MiCA's stringent regulations have prevented most major stablecoin issuers, including Tether, from meeting operational requirements. Currently, only USDG, USDC, and EURC meet the framework requirements; other stablecoins are outside the scope of MiCA regulation, leaving EU users unprotected or unable to access it. He believes the upcoming review of MiCA should address this issue and provide a more pragmatic operational path for foreign issuers. The Directorate-General for Financial Stability, Financial Services and Capital Markets of the European Union launched a public consultation on May 20 to assess the applicability of the current framework, which will continue until September 30.

According to Onchain Lens monitoring, an Odaily Planet Daily reports that an OG whale accumulated BTC when the price was around $10 to $15, and after 10 months of inactivity, transferred 50 BTC to a new address, worth approximately $3.22 million, possibly for OTC sale. This OG whale address cluster has previously exhibited a similar pattern, with funds subsequently flowing to FalconX or CEXs.

Nine Democratic senators have written to Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), demanding a ban on prediction market event contracts related to wildfires. They argue that such contracts could encourage arson, insider trading, and endanger public safety. The senators cited Polymarket's acceptance of over $1.2 million in bets related to the 2025 Palisades and Eaton fires in California. They also noted that some new platforms allow users to bet on wildfires, making these markets a form of speculation on destructive events. The senators stated that the CFTC should regulate such betting before next year's wildfire season begins and establish safeguards in the U.S. and offshore markets. Recent controversy surrounding prediction market regulation continues, with cases in Minnesota, Kentucky, and Michigan involving federal and state regulatory jurisdiction.