Bitdeer Appoints Former Corsair Gaming CFO and Semiconductor Industry Executive Michael Potter as Chief Financial Officer
On May 27, Bitcoin mining firm Bitdeer announced that its Chief Financial Officer (CFO) Jianchun Liu will step down at the end of June due to personal reasons, transitioning into a Chief Advisor role. Michael Potter, former CFO of Corsair Gaming, will take over Liu’s CFO duties.
Potter served as Corsair Gaming’s CFO from 2019 to 2025 and was instrumental in the company’s 2020 initial public offering (IPO). Prior to that, he held senior positions at several technology and semiconductor companies, including Lattice Semiconductor, Honeywell, NeoPhotonics, and STATS ChipPAC.
Bitdeer, which has recently expanded beyond Bitcoin mining into artificial intelligence (AI) and cloud computing infrastructure, now has annualized AI cloud revenue approaching $70 million, according to The Block.
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Bloomberg Analyst: SK Hynix Leveraged ETF Has Become the Third-Largest ETF in the Hong Kong Market, With Unusually High Trading Volume
May 27 — Bloomberg Senior ETF Analyst Eric Balchunas shared on X that the 2x leveraged SK Hynix ETF (ticker: 7709) listed in Hong Kong has seen its assets under management (AUM) surge nearly tenfold this year. It’s now Hong Kong’s third-largest ETF, making up roughly 8.5% of the city’s total ETF AUM.
The fund has also seen exceptional trading activity, with daily volume exceeding $1 billion. When scaled to U.S. market terms, that translates to around $150 billion in daily trading — a level rarely witnessed in the global ETF space.
Balchunas emphasized that, proportionally, this ETF’s size in the U.S. market would equate to an approximately $13 trillion product — a scale with no global counterpart as of yet.
Industry observers note this trend signals growing investor concentration in Hong Kong’s derivative ETFs and single-asset leveraged products, while highlighting Asia’s rising activity in high-risk structured ETF trading.
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Falcon Finance, in collaboration with Anchorage Digital, has issued the fUSD stablecoin compliant with the GENIUS framework.
On May 27, official sources confirm Falcon Finance has partnered with Anchorage Digital to launch fUSD, its new stablecoin. Built on the GENIUS framework, fUSD provides an approximate 3% annualized reward program for eligible institutional holders. Backed by Falcon’s own balance sheet, the stablecoin allows holders to participate in yields from its stablecoin reserve, supports high-value settlements, and features fully transparent reserves.
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Cash App to Roll Out USDC Payments Feature to Nearly 60 Million Users in Phases
On May 27, Block’s Cash App began the phased rollout of USDC payment functionality. The feature is currently available to 25% of its nearly 60 million total users, with plans to expand access to all users by this weekend.
This functionality supports USDC across four blockchains: Solana, Ethereum, Polygon, and Arbitrum. It lets users deposit USDC to top up their Cash App fiat balance or withdraw USDC holdings to an external account.
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Blockworks has formed an alliance with cryptocurrency institutions including Coinbase to promote "stock market-like" disclosure standards.
May 27: Blockworks’ Transparency Alliance, a new crypto industry initiative, was formally established with backing from over 40 leading firms including Coinbase, Kraken, and Binance.US. The alliance’s core goal is to develop a unified token disclosure standard to boost market transparency and attract institutional investment.
Built on Blockworks’ Token Transparency Framework, the initiative aims to create standardized disclosure rules for crypto assets—modeled after requirements for public stocks—to help investors gain clearer visibility into token structures and associated risks.
The framework covers key areas: token issuance structures, internal holding distributions, market maker arrangements, exchange listing terms, and buyback mechanisms. It is split into two core document systems: one-time pre-issuance disclosure and ongoing update disclosures. To date, 44 projects including Morpho, Jupiter, Spark, and dYdX have completed filings under this framework.
Industry experts no
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Bitwise HYPE ETF attracted buy orders worth $11.31 million in the past two hours.
May 27 — According to monitoring from Onchain Lens, the Bitwise HYPE ETF bought 183,162 HYPE tokens over the past two hours, totaling $11.31 million. As of May 25, the fund’s cumulative HYPE token purchases stood at 1,037,410 units, worth $62.92 million.
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