Gate.io Launches INIT Perpetual Contract Pre-trading

On May 22, BlockBeats reported that the China Securities Regulatory Commission (CSRC)—alongside eight other ministries—has issued the “Notice on Regulating Cross-Border Securities and Futures Fund Management Activities for Mainland Chinese Investors,” further clarifying regulatory requirements for the industry’s related operations. Tiger Brokers stated it will strictly follow the comprehensive industry standards set by regulators and steadily advance corresponding compliance work. The company announced that it has completely stopped opening accounts for mainland Chinese users since 2023, while also halting external advertising, marketing campaigns, and related activities. It has simultaneously strengthened account reviews, identity verification processes, and anti-fraud management mechanisms. As of the end of the first quarter of 2026, assets belonging to mainland Chinese clients account for approximately 10% of the group’s total global assets.

According to Binance market data, on May 22, the GENIUS token opened at $0.665 and is now trading at $0.621.

On May 22, the Islamic Republic News Agency (IRNA) reported that an Iranian diplomatic source based in Islamabad stated Pakistan’s Chief of Army Staff had departed for Iran. Earlier, Saudi media outlet Alhadath also reported that Pakistan’s top military commander was heading to Tehran. In the wake of this news, data from Bitget shows West Texas Intermediate (WTI) crude oil dropped to $99 per barrel, marking a 2.37% intraday decline. Brent crude oil fell more than 2% during the session and is currently trading at $99.96 per barrel.

On May 22, Bloomberg reported that Intercontinental Exchange (ICE)—parent company of the New York Stock Exchange (NYSE)—is partnering with cryptocurrency exchange OKX to launch a crude oil-pegged perpetual futures contract. According to joint statements from both firms, ICE’s Brent and West Texas Intermediate (WTI) crude futures will act as the pricing benchmarks for the new product. The futures contract will roll out in all regions where OKX holds valid licenses to offer perpetual futures trading.

On May 22nd, according to monitoring from Onchain Lens, BlackRock transferred 1,587 BTC to Coinbase, valued at approximately $122.55 million, plus 17,815 ETH worth roughly $37.79 million.

May 22 – Per market sources, the UAE has joined Saudi Arabia and Qatar in urging Trump not to restart the war with Iran. (FX168)