On May 30, 2025, the Monetary Authority of Singapore issued the "Guidelines on Licensing for Digital Token Service Providers," officially licensing and regulating DTSPs. Click to read.
2. Grayscale: The Great Beauty Act and cryptocurrency treasury companies are driving demand for Bitcoin.
Equities rebounded in May as the U.S.-China tariff conflict reached a temporary détente. But the rally comes after three consecutive months of declines, with the S&P 500 still about 4% below its peak. Bond markets, particularly high-quality sectors, have seen negative returns compared to relatively healthy equities, which appears to be due to high government deficits and the corresponding issuance of long-term Treasuries. According to the capitalization-weighted FTSE Grayscale Crypto Sector Index, the risk-adjusted return for Bitcoin and the crypto asset class as a whole is comparable to that of global equities (Figure 1). Bitcoin rose 11% for the month to an all-time high of $112,000, while ETH, the native token of the Ethereum blockchain, rose 44%, partially recovering its previous weak performance against Bitcoin. Click here to read
3.a16z: It's time for the crypto industry to move away from the foundation model.
The crypto industry needs to move away from its foundation model. Foundations—non-profit organizations that support the development of blockchain networks—used to be a wise and legitimate path to progress. But today, ask any founder who has created a blockchain network, and they will tell you: nothing slows you down more than a foundation. Nowadays, the friction brought by foundations is greater than that of decentralization. Click to read.
4. Can the U.S. judiciary stop Trump's tariffs?
Recently, federal judges in the United States have been particularly active—due to the impact on many people's livelihoods and vested interests, every executive order from Trump is bound to face judicial review requests from different parties; and behind each judicial review request, there is varying degrees of lengthy appeals and disputes, bringing great uncertainty to policy implementation. Click to read.
5. Ethereum Foundation Restructures Protocol Development New Team "Protocol" Overview
Ethereum is on the verge of a major breakthrough. The rapid development of zkEVM allows us to rebuild Layer1 to support scalability, verifiability, security, and censorship resistance simultaneously. L2 is constantly being strengthened to meet user demands and is eager to double down on Ethereum as its trust root. In short, the world is ready for the arrival of the World Computer. Click to read.
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Must-read 5 articles in the evening | Ethereum Foundation reorganizes protocol development
1. Singapore Monetary Authority "DTSP Licensing Guidelines" (Full Text)
On May 30, 2025, the Monetary Authority of Singapore issued the "Guidelines on Licensing for Digital Token Service Providers," officially licensing and regulating DTSPs. Click to read.
2. Grayscale: The Great Beauty Act and cryptocurrency treasury companies are driving demand for Bitcoin.
Equities rebounded in May as the U.S.-China tariff conflict reached a temporary détente. But the rally comes after three consecutive months of declines, with the S&P 500 still about 4% below its peak. Bond markets, particularly high-quality sectors, have seen negative returns compared to relatively healthy equities, which appears to be due to high government deficits and the corresponding issuance of long-term Treasuries. According to the capitalization-weighted FTSE Grayscale Crypto Sector Index, the risk-adjusted return for Bitcoin and the crypto asset class as a whole is comparable to that of global equities (Figure 1). Bitcoin rose 11% for the month to an all-time high of $112,000, while ETH, the native token of the Ethereum blockchain, rose 44%, partially recovering its previous weak performance against Bitcoin. Click here to read
3.a16z: It's time for the crypto industry to move away from the foundation model.
The crypto industry needs to move away from its foundation model. Foundations—non-profit organizations that support the development of blockchain networks—used to be a wise and legitimate path to progress. But today, ask any founder who has created a blockchain network, and they will tell you: nothing slows you down more than a foundation. Nowadays, the friction brought by foundations is greater than that of decentralization. Click to read.
4. Can the U.S. judiciary stop Trump's tariffs?
Recently, federal judges in the United States have been particularly active—due to the impact on many people's livelihoods and vested interests, every executive order from Trump is bound to face judicial review requests from different parties; and behind each judicial review request, there is varying degrees of lengthy appeals and disputes, bringing great uncertainty to policy implementation. Click to read.
5. Ethereum Foundation Restructures Protocol Development New Team "Protocol" Overview
Ethereum is on the verge of a major breakthrough. The rapid development of zkEVM allows us to rebuild Layer1 to support scalability, verifiability, security, and censorship resistance simultaneously. L2 is constantly being strengthened to meet user demands and is eager to double down on Ethereum as its trust root. In short, the world is ready for the arrival of the World Computer. Click to read.