U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

May 26 — Hong Kong’s Treasury Department and the Securities and Futures Commission (SFC) published a consultation summary on the regulatory framework for virtual asset advisory services and related management services. The proposed framework for virtual asset advisory services, along with a licensing regime for virtual asset managers, garnered broad support from market participants during the consultation period. Under the core principle of “same business, same risk, same rules,” the new licensing regime will align with the regulated activities defined under Hong Kong’s Securities and Futures Ordinance, corresponding respectively to Type 4 (securities advice) and Type 9 (asset management). Paired with the previously proposed licensing frameworks for virtual asset trading and custody, these new rules aim to boost participation in Hong Kong’s digital asset market and help build a robust, secure ecosystem in line with the SFC’s “ASPIRe” roadmap. Source: Hong Kong Securities and Futures

May 26, Bitget announced the launch of Reality, a licensed financial protocol focused on real-world asset (RWA) tokenization. Its tokenized stock products, called rTokens, are strictly pegged 1:1 to underlying U.S. stocks—custodied by a FINRA-registered, SIPC-protected U.S. securities broker, with real-time reserve verifications provided via independent third-party audits. By directly connecting to U.S. stock liquidity pools like Nasdaq and NYSE, Reality’s stock tokens deliver liquidity matching that of traditional brokerages. Dividends are distributed 1:1 to user accounts in token form, with cash dividends automatically converted to USDT for distribution. Stock splits and corporate mergers are instantly mirrored on-chain, ensuring a user experience nearly identical to holding actual U.S. equities. Reality’s U.S. stock tokens also integrate deeply into the Bitget ecosystem: they serve as unified account margin and are compatible with core Bitget product lines including grid tradi

As of May 26, Hyperinsight Monitoring (via Telegram channel @HyperInsight) reports that the ZEC/BTC trading pair has just hit a new all-time high (ATH). The rate first surged to a peak on May 20, then climbed further to reach a new record of 0.00895 on May 23. During this rally, two major whales on the Hyperliquid exchange opened fully opposing directional "ZEC/BTC" combination positions—each exceeding $70 million in size, and now acting as direct counterparties in the trade: 1. **BTC OG Insider Whale** (position opened May 22): - BTC Long (5x leverage): $38.6 million position size - ZEC Short (3x leverage): $34.6 million position size - Bet: Bitcoin will outperform Zcash (meaning the ZEC/BTC rate will decrease) - Current net profit: +$920,000 2. **Trader Evaded** (position opened May 24): - BTC Short (40x leverage): $40.2 million position size - ZEC Long (5x leverage): $32.2 million position size - Bet: Zcash will outperform Bitcoin (meaning the ZEC/BTC rate will

May 26: Analyst Darkfost flagged that Bitcoin’s spot trading volume has plummeted 81% since October 2025, falling to lows last seen during the July 2023 bear market. The macroeconomic backdrop remains unfavorable for risk assets: rising inflationary pressures and the protracted U.S.-Iran conflict have pushed investors toward commodities and traditional equities rather than crypto markets, resulting in a sharp decline in overall market participation. Despite the significant contraction in spot volume, the sluggish trading activity could signal that selling pressure during the current price pullback is gradually weakening. Similar spot volume collapses preceded the end of the 2023 bear market, followed by a return of volatility that marked the start of a bullish rebound. Investors should wait patiently for a recovery in future spot demand and an uptick in leveraged demand, while monitoring macro signals and volume shifts to determine if a new opportunity is emerging.

May 26 — Per market data, tokens FARM and HIGH saw significant price swings in recent trading hours. FARM surged 25% to $7.77 from $6.13 over the past hour, then dipped to $6.33, and is now trading at $6.5. HIGH followed a similar trajectory: it hit $0.178 before falling to $0.138, and currently sits at $0.144, with an approximate 29% fluctuation in the last two hours. Earlier, Binance added both FARM and HIGH to its observation watchlist on April 14. Notably, FARM is scheduled for delisting tomorrow at 11:00 UTC+8.

May 26 – Reuters reports the European Union is planning to fine Google nearly 1 billion euros, a penalty that would rank as the largest ever issued under the bloc’s Digital Markets Act (DMA), with a formal announcement expected before the summer break. The probe into Google was officially launched in March 2025, centered on allegations that the company has unfairly prioritized its own services in search results – a violation of DMA rules. The European Commission noted its primary goal is ensuring Google complies with regulations, not just imposing fines, but emphasized it will not hesitate to take additional action if needed. Google, meanwhile, criticized the DMA for triggering what it calls the “biggest demotion” to its search product, and said it aims to resolve the dispute as soon as possible.