The U.S. Senate Banking Committee Advances the "Financial Transparency and Regulatory Compliance Act"

May 11 — GANA officially launched its Conflux PayFi cash-out feature, letting users cash out Web3 assets directly to a bank card via the GANA DApp. Real-time deposits are supported for major fiat currencies including USD, CNY, KRW, JPY, HKD, and more. This launch marks a key milestone for GANA in the PayFi space, representing substantial progress in building the platform’s compliant payment infrastructure. Users can convert Web3 assets to major fiat currencies conveniently and securely, with instant deposits to global bank cards—boosting asset liquidity and usability. GANA is dedicated to delivering compliant, efficient, and reliable Web3 payment solutions for users worldwide. The platform plans to expand its supported fiat channels to cover additional countries and regions in the future.

Crypto token SUI briefly surged above $1.4 on May 11, currently trading at $1.28—up 18% in 24 hours and 36.5% over the past seven days, per latest market data. ### Spot Trading Flows Coinglass figures show Binance’s USDT pair led 7-day net inflows at $17.83 million. By contrast, Upbit (KRW pair) and Bybit (USDT pair) saw net outflows of $11.83 million and $4.18 million, respectively. ### Futures Metrics Futures activity has spiked sharply: - Total SUI futures open interest across exchanges hit $918 million, up 46.25% in 24 hours. - 24-hour futures trading volume surged 416% to $5.4 billion. - Binance’s SUI/USDT long/short ratio stands at 1.37, with large accounts at 1.55—signaling net bullish positioning. ### Fund Flows (Short vs. Long-Term) - **24 hours**: Futures saw $36.16 million in net inflows; spot added $8.13 million. - **30 days**: Spot posted $8.56 million in net inflows (stable during consolidation), but futures had a $100 million net outflow—hinting so

On May 11, Aster announced the listing of Hong Kong stock futures contracts for MINIMAX, Tencent, Xiaomi and Pop Mart, with up to 3x leverage.

On May 11, as Korean stocks hit repeated new highs, trading activity for related contracts on trade.xyz surged notably. Among these, SK Hynix—whose share price has doubled over the past month—emerged as the platform’s mainstream trading pair. As of press time, its open interest stood at $32.08 million, with 24-hour trading volume reaching $8.03 million. The ETF EWY, which tracks South Korea’s stock index, recorded open interest of $20.62 million on trade.xyz and 24-hour trading volume of $11.66 million. Contracts for other stocks like Samsung and Hyundai remained relatively quiet. Additionally, EWY contracts are traded on Binance, where current open interest is $10.9 million and 24-hour trading volume totals $25.15 million. In stark contrast to the heated contract trading, the tokenized spot versions of these assets have slumped. Data shows EWYON—issued by Ondo—has a 24-hour trading volume of less than $0.3 million. This directly reflects the crypto community’s aggressive risk appet

May 11: Per Onchain Lens monitoring, a whale deposited $1.59 million worth of PUMP into Binance after 5 months. The wallet currently holds $7.36 million in PUMP.

On May 11, OpenAI CEO Sam Altman joked on X this morning that he’s considering naming the company’s next-generation model “Goblin.” In response, the Solana ecosystem’s AI meme coin by the same name—Goblin—briefly more than doubled before paring gains. Per GMGN data, the token’s current market cap stands at $12.13 million, with a 24-hour drop of 92.52% and 24-hour trading volume of $14.3 million. BlockBeats advises users that prices of related tokens are highly volatile, and investors should exercise caution.