US, UK to collaborate on AI, quantum computing, nuclear energy development

The President’s Working Group report outlines a future where stablecoins, tokenized Treasuries, and programmable financial infrastructure form the core of U.S. digital markets. Among its many insights, the report highlights a core institutional use case: “The CFTC has noted the potential for tokenization to improve the collateral market with atomic settlement and ameliorate liquidity needs in bilateral and multilateral clearing.” At BounceBit, this principle is already operational. BounceBit Prime introduces a new financial primitive: RWA-backed structured yield strategies, where tokenized Treasuries are not just held – but deployed as cleared collateral. Specifically: Collateralized strategy design Prime integrates tokenized money market funds like BlackRock's BUIDL as collateral into modular strategies, abstracting away bilateral complexity while enabling fixed-rate Treasury yield with crypto-native funding and arbitrage spreads. Infrastructure-level composability BounceBit’s base layer is EVM-compatible and secured by Bitcoin, enabling RWA-backed positions to flow across staking, structured products, and cross-margin trading. Both CEX-based and self-custodied assets can plug into the system, with transparent strategy logic and settlement rails built in. Execution-layer integrations By linking to deep liquidity venues and institutional custody partners, BounceBit supports cross-venue hedging, automated rebalance logic, and seamless on/off-ramp access, all with native onchain transparency. This model reflects many of the principles highlighted in the report: - composability without compromising compliance - dollar-denominated primitives with global reach - programmable financial products that settle 24/7 As the U.S. signals institutional commitment to tokenized infrastructure, the capital stack is already forming - on BounceBit and beyond.

Kraken and Backed Extend xStocks to BNB Chain

Keeta Network is drawing full attention in the crypto market with an eightfold surge in a single month, bold claims of tens of millions TPS, and endorsement from former Google CEO Eric Schmidt. But is this new L1 project, which calls itself "reshaping the global payment network," the next dark horse or just a capital frenzy built on hype? @KeetaNetwork promotes a narrative of "ultra-high performance + compliance friendliness," claiming up to tens of millions TPS, transaction finality in just 400 milliseconds, and built-in KYC, AML frameworks, along with atomic-level token support. However, so far, the project has only completed a 13 million TPS test under 5 nodes, with actual testnet TPS below 5,000. It lacks open-source code and real performance verification, and its "virtual DAG" technology remains at the conceptual design stage. Behind the market hype, the biggest driving force is the capital halo. Keeta has received investment from former Google CEO Eric Schmidt and VC firm Steel Perlot, quietly launched its token KTA in March, and saw its price surge over eight times starting in May. Yet, there was no public airdrop plan before the token launch, 80% of the community share unlocked immediately after TGE, and some large addresses were allocated by smart contracts. The actual distribution mechanism is unclear, raising transparency concerns. Although the Keeta team has backgrounds from AWS, Nano, and its architectural ideas are innovative, it has yet to form a developer community, the mainnet launch date is undecided, and social media interaction is limited. The overall ecosystem is still in an early stage. Compared to its high valuation and narrative strength, the project's fundamentals have yet to catch up. Keeta may have potential, but right now it looks more like a gamble. Until it delivers on performance promises, clarifies its governance model, and builds a real community, it remains a "technical black box" amplified by FOMO and capital sentiment. Short-term price increases cannot hide the long-term challenges. A truly promising L1 is driven not just by stories but by visible progress and real fulfillment.

The stablecoin sector continues to heat up, with Tether's market cap exceeding $150.00 billion, intensifying competition and increasing differentiation! On May 13, the stablecoin market cap reached $242.80 billion, with USDT surpassing $150.00 billion for the first time, accounting for 62.00% of the market; USDC accounted for nearly 25.00%. However, the market landscape is quietly changing – technology companies, financial giants, DeFi upstarts, and traditional banks are all entering the arena, rapidly expanding the application scenarios for stablecoins. On the technology company front, Stripe launched a "stablecoin financial account" + USDB, promoting global payment integration; PayPal set a 3.70% yield for PYUSD, encouraging users to hold the coin; Coinbase released the x402 protocol, promoting atomic payments between AI and stablecoins; Meta restarted its stablecoin exploration; and MoneyGram launched a cash deposit and withdrawal network supporting stablecoins. Traditional payment giants are accelerating their layouts. Visa is collaborating with Bridge to promote the implementation of stablecoin payment cards; Mastercard is working with multiple crypto companies to open up the USDC card payment process, allowing users to complete on-chain transactions "seamlessly." Tether and Circle continue to consolidate their "moats." Circle has applied for an IPO and launched a cross-border payment network, directly challenging SWIFT; Tether is improving cross-chain compatibility and plans to launch a new USD currency to meet future challenges. DeFi upstarts cannot be ignored. Ethena's USDe has become the third-largest stablecoin and is engaged in in-depth cooperation with TON, Securitize, and others; Ondo is expanding its cross-chain treasury token USDY; and Paxos is attracting financial giants to form the "Global Dollar Network" stablecoin alliance. Even traditional banks such as Bank of America and Standard Chartered have expressed their willingness to enter the market and issue stablecoins, pending regulatory clarity. Stablecoins are becoming core tools for global payments, on-chain finance, AI agent transactions, and cross-border clearing. The Warring States period has begun, and a new monetary order may be reconstructed on the chain.