Crypto Markets at Regulatory Inflection Point (2026-05-09)

Coinbase Faces Service Disruptions From AWS Failures

Coinbase experienced hours of service disruptions due to Amazon Web Services failures, impacting core trading systems.

The outage, linked to AWS Availability Zone use1-az4, affected multiple services, causing an extended outage. Users faced difficulties accessing the app, transferring funds, and executing trades.

The campaign to encourage the Swiss National Bank to hold Bitcoin has failed.

On May 9, news reports indicated that cryptocurrency advocates attempting to push the Swiss National Bank to hold Bitcoin have abandoned their referendum effort due to failing to collect enough signatures.

The Bitcoin initiative demanded that the Swiss National Bank include Bitcoin in its reserves alongside the euro, the U.S. dollar, and gold, but it gathered only about half of the required 100,000 signatures. Initiative founder Yves Bennaim stated that they knew from the outset this would be difficult and that they are currently putting the initiative on hold.

[PANews]

The probability of the S&P 500 index reaching 8000 points by the end of June on Polymarket is currently reported at 10%.

With the S&P 500 index breaking through 7400 points to a record high, the probability of “S&P 500 index reaching 8000 points before the end of June” on Polymarket is temporarily reported at 10%; the probability of “S&P 500 index breaking through 7700 points before the end of June” is temporarily reported at 31%.

The judgment rule for this event is: If at any point in time between the market creation and market close on the last trading day of June 2026, any 1-minute candle of the S&P 500 index (SPX) shows a final “high” price equal to or higher than the listed price, then the market will resolve to “Yes”. Otherwise, this market will determine “No”.

As shown by Yahoo Finance’s 1-minute interval (“1m”) data, all prices recorded during the regular trading hours of the instrument’s primary exchange will be considered. Periods when the market is officially closed (e.g., holidays or maintenance breaks) will not be considered. All times quoted are local times for the primary exchange where the index trades.

The resolution source for this market is Yahoo Finance – specifically, the 1-minute interval (“1m”) chart data for the S&P 500 index (SPX) can be found at https://finance.yahoo.com/quote/%5EGSPC/.

[Odaily Seer]

Iran says it is considering how to respond to the U.S.-proposed “plan to end the hostilities.”

Iranian Foreign Ministry Spokesperson Baghaei said in an interview that Iran is considering a response to the “end of hostilities plan” proposed by the United States. Relevant negotiations are ongoing, and once a final result is reached, Iran will immediately announce the news.

Baghaei accused the U.S. military operations from the evening of May 7 to the early morning of May 8 of seriously violating international law and the ceasefire agreement, saying that Iran has “dealt a heavy blow to the enemy.”

Baghaei said that the current situation is in a “nominal ceasefire state,” and that the Iranian armed forces are fully prepared and closely monitoring the situation. If necessary, they will fully counter the enemy’s aggression and adventurous behavior.

[Odaily]

A whale opened a long position of approximately 16,000 ZEC with 10x leverage within the past three hours, valued at $10.20 million.

On May 9, according to Onchain Lens monitoring, the whale “0x865” opened a long position of 16,573 ZEC with 10x leverage in the past 3 hours, valued at $10.20 million, with a liquidation price of $565.64.

This whale also holds a 10x long position in CRCL and a 20x long position in NVDA.

[PANews]

StableStock Blocks Hong Kong Users, HabitTrade Denies Providing Services to Hong Kong

StableStock and HabitTrade have responded to the Securities and Futures Commission (SFC) of Hong Kong’s recent announcement regarding the promotional activities of certain platforms. StableStock stated that it has implemented geo-blocking for Hong Kong users at both the registration and trading levels, and removed third-party promotional content that could reach Hong Kong users. It also affirmed that existing users’ assets, trading activities, and custody arrangements remain unaffected.

HabitTrade emphasized that it is an Australian-licensed brokerage and a compliant financial services platform, does not conduct regulated business in Hong Kong, and has not promoted or provided services to the Hong Kong public. The company stated that it will take legal action against unauthorized third parties using its brand for promotion or traffic diversion, and will cooperate with regulatory investigations in relevant jurisdictions.

[Platform Statement]

Kraken’s parent company applies for a US National Trust license to develop compliant custody business.

Payward (Kraken’s parent company) has applied to the OCC for a national trust bank charter, planning to establish Payward National Trust Company (PNTC).

This entity will provide regulated, bank-grade digital asset custody and trust services to institutional and individual clients.

Previously, Coinbase and Ripple have successively obtained conditional approval for similar licenses, indicating that crypto institutions are accelerating their convergence towards a compliant financial system.

[Odaily星球日报]

British sprinter CJ Ujah charged in connection with crypto fraud case

According to a statement from the British police, former World Athletics Championships 4×100m relay gold medalist and British sprinter CJ Ujah, along with 9 others, have been charged with “conspiracy to commit fraud” in connection with a cryptocurrency scam.

Police say the criminal gang impersonated police and cryptocurrency company personnel to carry out telephone scams against multiple victims, inducing them to disclose critical wallet security information, including seed phrases, and then transferring the victims’ crypto assets. One victim lost over £300,000. The case was solved by the Eastern Region Special Operations Unit (ERSOU) after a joint investigation across Kent, Essex and London. All 10 suspects have appeared in court, and Ujah has been granted bail until a further hearing on May 28.

Ujah, 32, won the World Championships 4×100m relay gold medal for Great Britain in 2017 and also won the Diamond League title in the same year. He was banned for 22 months in 2022 for doping, which was later determined to be due to supplement contamination leading to a false positive. In addition to Ujah, another British sprinter, Brandon Mingeli, is also on the list of those arrested and is currently in custody awaiting trial.

[Odaily星球日报]

Senate Banking Committee Schedules Hearing on CLARITY Act for May 14

The U.S. Senate Banking Committee has announced that it will hold a hearing to consider the CLARITY Act on May 14 (next Thursday) at 10:30 AM. The bill has been stalled since January due to issues such as stablecoin yields.

Last month, Senators Thom Tillis and Angela Alsobrooks released a compromise text that prohibits crypto companies from providing yields on static stablecoin reserves, but allows rewards for active stablecoins, which appears to address one of the key issues hindering the bill’s progress.

Banking groups still have objections to the compromise text, with several industry organizations, including the American Bankers Association, saying “more work is needed.”

[PANews]

BlackRock Plans to Launch Two Tokenized Money Market Funds for Stablecoin Holders

BlackRock is planning to launch two tokenized money market funds for stablecoin holders, rather than traditional bank account customers. One is a digital share class of the BlackRock Treasury Select Money Market Fund, which invests in cash, U.S. Treasury bonds, and other securities maturing within 93 days, and will be issued on the Ethereum blockchain; the other is a newly established BlackRock Daily Repurchase Stablecoin Reserve Fund, targeting investors who manage their finances through crypto wallets and stablecoins, and will be launched on multiple blockchains.

BlackRock CEO Larry Fink has repeatedly stated that all financial assets will eventually be tokenized. BlackRock’s BUIDL fund, launched in 2024, currently has a size of approximately $2.50B.

[ChainCatcher]

HabitTrade and StableStock Respond to the Hong Kong Securities and Futures Commission’s Warning: Not Operating in Hong Kong and Have Implemented Blocking Measures

In response to being placed on the warning list by the Securities and Futures Commission (SFC) of Hong Kong, both HabitTrade and StableStock issued statements.

HabitTrade stated that it is a licensed broker in Australia and does not conduct any regulated activities in Hong Kong, nor does it provide services to users in Hong Kong. Any misleading promotional activities conducted by third parties using its brand without authorization do not represent its official position.

StableStock stated that Hong Kong is not its target market; it has already implemented geo-blocking for Hong Kong residents at both the registration and trading stages and removed third-party promotional content potentially reaching Hong Kong audiences. Furthermore, accounts, assets, and transactions of non-Hong Kong users remain unaffected, and it is proactively engaging with legal counsel to communicate with the SFC.

Previously, the SFC issued a warning stating that StableStock and HabitTrade were suspected of improperly soliciting clients under the pretext of offering virtual currency subscriptions for Hong Kong IPOs, and neither entity holds an SFC license.

[Foresight News]

CertiK: Probability of offline violent crimes in the crypto space is rising; family members have become a new risk point

A CertiK report shows that in the first four months of 2026, there were 34 “wrench attack” (offline violence or coercion to obtain crypto assets) incidents globally, a year-on-year increase of 41%, with a total loss of approximately $101.00 million.

The report points out that the attack pattern is shifting to “data-driven”, that is, collecting victim information in advance and including “proxy targets” such as their family members in the scope of threats to exert pressure.

Regionally, Europe accounts for 82%, with France being the most concentrated. The industry believes that such attacks have become an important security risk for crypto asset holders.

[Odaily]

ECB President Lagarde: Europe should not simply copy the US stablecoin model

On May 9th, European Central Bank President Christine Lagarde stated in a speech that Europe should not simply replicate the US stablecoin model, but should prioritize building a tokenized settlement infrastructure centered on central bank currency.

She pointed out that the $310.00 billion stablecoin market dominated by Tether and Circle poses financial stability risks, and may transmit pressure to the underlying asset market during times of crisis. Lagarde believes that the technical advantages of stablecoins can be replicated by central bank infrastructure, while their monetary functions introduce unacceptable financial stability risks. She cited the 2023 Silicon Valley Bank collapse that led to a brief de-pegging of USDC as an example.

[PANews]

Iran is formulating a plan regarding a “legal regime” for the Strait of Hormuz.

According to Iran’s Tasnim News Agency, Iran is drafting a plan for a “legal system” in the Strait of Hormuz, and the related plan will become permanent law.

[Odaily]