US Treasury Yield Surges to Highest Level Since 2007, Market Concerned About Inflation and Escalating Middle East Conflict
On May 20, per CNBC, the U.S. Senate advanced a resolution to block the Trump administration from taking military action against Iran. While the measure’s passage faces steep hurdles thanks to the president’s veto power, the vote nonetheless reflects growing political resistance building around the Middle East situation.
Meanwhile, inflation pressures and rising energy prices pushed the yield on the U.S. 30-year Treasury bond to its highest level since 2007, hitting 5.197%. The bond market’s sell-off also weighed on stocks: the S&P 500 notched its third consecutive day of declines, with both the Dow Jones Industrial Average and Nasdaq Composite closing lower as well.
From a macro standpoint, markets continue to be shaped by geopolitical tensions and inflation expectations. The Iran situation is driving oil prices higher, which adds additional inflationary risks to the U.S. economy.
Additionally, SpaceX is reportedly working with Goldman Sachs to prepare for a potential initial publi
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Blockchain Game The Beacon Season 1 will launch on May 25th, introducing a 7.7 million BCN reward pool
May 20: Blockchain game project The Beacon announced in a statement that its Season 1, "Goblin's Gambit," will officially launch at 16:00 UTC on May 25, with over 7.7 million BCN allocated as rewards.
Per official details, players can earn BCN this season via two core gameplay methods: venturing into dungeons to collect Shadow Shards, or "sacrificing" Gobloonz in Kraken Klash mode—both paths qualify for BCN rewards.
The season operates on a F2P (free-to-play) core loop while also offering paid value-added options. Additionally, Season 1 will roll out seasonal-exclusive cosmetic items, including rare "mythic-grade" pieces that will be permanently discontinued after the season concludes.
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U.S. Senator Warren Lambasts OCC for Unauthorized Regulatory Actions, Nine Major Crypto Firms' Trust Charters Face Revocation Crisis
MAY 20: U.S. Senator Elizabeth Warren has unleashed a fierce political assault on the Office of the Comptroller of the Currency (OCC), accusing the regulator of illegally granting national trust bank charters to nine leading crypto firms—including Coinbase, Ripple, Circle, and Paxos. Warren called the move a serious breach of the National Bank Act, claiming it allows crypto companies to run core banking operations unlawfully via "disguised trusts" without strict Federal Reserve oversight.
Warren is demanding the OCC turn over all charter application documents and communications with the White House by a specified deadline, even questioning potential alignment of interests with specific political actors. If her allegations are substantiated, these key charters could be revoked, dealing a major blow to the U.S. blockchain industry’s compliance framework.
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Bankr Confirms Hack: 14 Wallets Compromised, Transactions Temporarily Suspended with Full Reimbursement Pledge
May 20: Base Layer AI project Bankr officially announced its system has confirmed an attacker accessed 14 of its wallets. The project has temporarily frozen relevant functions and is conducting a thorough investigation to verify all details of the incident. Officials also confirmed that every affected user will be fully compensated for their losses.
Earlier, Bankr released a preliminary notice stating it had received multiple reports of wallet breaches and prudently suspended its transaction functions for investigation. The team will continue disclosing subsequent updates as more details become available.
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CZ Warns of API Key Risk: Unauthorized Access Investigation of Internal GitHub Repository
May 20 update: CZ is issuing a reminder that any API keys found in code—even those kept in private repositories—should be reviewed and replaced immediately to prevent potential security risks. This warning follows an official notice from GitHub earlier today, where the platform’s leaders are investigating an incident of unauthorized access to their internal code repositories.
GitHub says there’s currently no evidence that data from enterprises, organizations, or code repositories stored by customers outside the GitHub platform has been compromised. The company is actively monitoring its infrastructure to stop any further abnormal activity. If GitHub later confirms that user data or services were impacted, customers will be notified through the platform’s existing incident response and notification channels.
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