France to provide security to cryptocurrency companies as Trump tax bill fails

Headlines

▌French Ministry of the Interior: Enhanced security measures will be provided for the country's leading cryptocurrency entrepreneurs

According to Politico, the French Ministry of the Interior said it will provide enhanced security measures for the country's leading cryptocurrency entrepreneurs and their families. The decision stems from at least three kidnappings of crypto industry leaders and their families since the beginning of this year. French Interior Minister Bruno Retailleau said the new security measures include priority access to the police emergency hotline, police visits and security briefings. At the same time, law enforcement officers will receive "anti-cryptocurrency money laundering training." These cases have been transferred to the French organized crime prosecution department for investigation, and many people have been arrested.

▌Trump tax bill failed in the House subcommittee

According to market news, Trump's tax bill failed in the House subcommittee due to differences among the US Republican Party over cost issues.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $102,804, with a daily increase or decrease of -1.2%;

ETH's latest transaction price is $2,480.43, with a daily increase or decrease of -3.7%;

BNB's latest transaction price is $638.59, with a daily increase or decrease of -2.2%；

SOL's latest transaction price is 165.28 US dollars, and its intraday increase or decrease is -4.1%；

DOGE's latest transaction price is 0.2164 US dollars, and its intraday increase or decrease is -2.9%；

XPR's latest transaction price is 2.33 US dollars, and its intraday increase or decrease is -1.8%.

Policy

▌US SEC hacker sentenced to 14 months in prison for publishing false news about Bitcoin ETF

A federal judge sentenced Eric Council Jr. to 14 months in prison for participating in the false announcement of the approval of the spot Bitcoin ETF on the X account of the US Securities and Exchange Commission (SEC). After a hearing in the federal court of the District of Columbia on May 16, the Department of Justice announced that Council pleaded guilty to "conspiracy to commit aggravated identity theft and access device fraud" and will be sentenced to 14 months in prison. "Such behavior threatens the health and integrity of our market system," said Jeanine Pirro, acting federal prosecutor for the District of Columbia. "SIM card swap attacks threaten the financial security of ordinary citizens, financial institutions and government agencies." According to the indictment, Council earned about $50,000 through SIM card swap attacks, which is expected to be recovered. In addition, the judge sentenced him to 36 months of supervised release after serving his sentence.

▌The US Stablecoin Bill will be voted on in the Senate as soon as next week, and supporters say it will "go down in history"

The Stablecoin National Innovation Guidance and Establishment Act (GENIUS Act) promoted by Senators Bill Hagerty and Kirsten Gillibrand is expected to be debated and passed in the Senate as soon as next week. Hagerty said: "Next week, the Senate will go down in history when we debate and pass the GENIUS Act, which will establish the first growth-friendly payment stablecoin regulatory framework." Gillibrand said that "the formulation of this bill was a true bipartisan collaboration" and emphasized that it included "strong consumer protection." Although the "Motion to End Debate" vote failed to pass before, the bill has entered the latest draft stage, and the text has been adjusted to meet the Democratic Party's concerns about consumer protection and national security. The draft makes it clear that large listed companies such as Meta will not be approved to issue stablecoins. The Senate will vote again next Monday, and 60 votes are required to officially start the debate. The House of Representatives is also moving forward with its own version, which will need to be integrated and signed into law by President Trump.

Blockchain Applications

▌The top four markets for Web3 fitness app Moonwalk are France, the United States, Nigeria and Vietnam

In an interview at Consensus 2025, Caitlin Cook, director of development for Web3 fitness app Moonwalk, said that the top four markets for the project are currently France, the United States, Nigeria and Vietnam. Moonwalk Fitness offers users a variety of game options, with varying game durations, steps and entry fees. Users need to pay a fee (in USDC, BONK or SOL) to join the game. If users reach their daily step goal, they will receive a full refund and have the opportunity to participate in a prize pool formed by deposits from users who did not reach their step goal. Caitlin Cook said that markets such as Southeast Asia and Africa are particularly promising. Since users can create their own games and set their own game entry fees, there is no financial threshold.

Cryptocurrency

▌DeFi Development and BONK cooperate to co-manage validators, and the stock price soared 30% in a single day

DeFi Development Corp. (DFDV) shares rose 30% on Friday, reaching a record high, as it announced that it would cooperate with Solana's mainstream Meme coin BONK to co-manage validators and increase its holdings of SOL again. The two parties will jointly manage Solana validators and integrate BONK's liquid staking token BONKSOL, calling it "the first Meme coin community and a listed company to share staking infrastructure on Solana." Nom, a core member of BONK, said: "This validator cooperation is the natural next step for BONK to empower the community and accelerate the adoption of Solana." DeFi Development also announced the purchase of 16,447 more SOLs, and currently holds a total of 609,190 SOLs, with a market value of approximately $107 million. The company was formerly Janover, a real estate technology platform. Since its transformation to focus on Solana, its stock price has risen by more than 2,800%.

▌Bloomberg: Binance, Kraken successfully blocked phishing attacks similar to Coinbase

According to Bloomberg, Binance and Kraken have recently become targets of social engineering attacks similar to the incident disclosed by Coinbase, but neither exchange reported a customer information leak, and successfully blocked the attack "due to internal protection measures." The attackers tried to lure customer service representatives through Telegram to ask for "sensitive customer data such as account balances and home addresses." According to the report, "the AI ​​security systems of the two exchanges identified the attack vectors and blocked the phishing attempts." Previously, Coinbase disclosed in a document submitted to the U.S. Securities and Exchange Commission that cybercriminals "bribed overseas customer service representatives" in an attempt to obtain user data and account management records, and the incident may cause up to $400 million in remediation expenses and customer compensation. It is not clear whether the hackers who attacked Binance and Kraken are the same hackers who attacked Coinbase.

▌Alchemy acquires Solana infrastructure provider DexterLab and continues to expand beyond Ethereum

Alchemy, known as the "AWS of the blockchain world", has acquired Solana infrastructure provider DexterLab, which is used by Google, Chainstack and the Solana Foundation. The acquisition will help Alchemy expand its enterprise-level Solana services. "This acquisition is a major milestone in our Solana journey," said Alexandru Minulescu, head of engineering at Alchemy, in a statement. "By combining expertise and resources, we will scale our infrastructure and accelerate innovation across the ecosystem. What started as a collaboration nearly six months ago has now grown into a true partnership." Analyst: Bitcoin price could reach over $200,000 by year-end as it historically lags behind gold Analyst Apsk32 said Bitcoin price could reach over $200,000 by year-end, citing its historical lag against gold. Important Economic Dynamics Former Federal Reserve Chairman Ben Bernanke urged the Fed to provide a fuller explanation of its interest rate decisions to the public, as well as a deeper analysis of potential forecast scenarios. "The release of specific alternative scenarios and their likely impacts could drive a subtle but important shift in the Fed's communication strategy," Bernanke said in a prepared speech for a meeting at the Fed's headquarters in Washington on Friday.

▌The three major U.S. stock indexes closed up

The three major U.S. stock indexes closed up, with the Dow up 0.78%, up 3.41% this week; the S&P 500 up 0.7%, up 5.27% this week; and the Nasdaq up 0.52%, up 7.15% this week. Most large technology stocks rose, with Tesla up more than 2%, Netflix and Google up more than 1%, and Microsoft, Nvidia, Amazon, and Intel up slightly.

Golden Encyclopedia

▌What is RISC-V?

RISC-V is a modern open source instruction set architecture (ISA) based on the principles of reduced instruction set computers (RISC). Simply put, it is like a blueprint that defines a set of instructions that a processor can execute. The design goals of RISC-V are highly modular, efficient, and flexible. Originally developed by the University of California in 2010, the open-source framework gives developers the flexibility to customize its features and use cases, and it also saves costs compared to proprietary ISAs such as ARM or x86. RISC-V has a wide range of uses, from supercomputers to smartphones, and now blockchains such as Ethereum. On April 20, 2025, Ethereum co-founder Vitalik Buterin announced a "radical" new expansion plan to replace the Ethereum Virtual Machine (EVM) with the RISC-V instruction set architecture, aiming to improve the speed and efficiency of the network's execution layer. The idea is that RISC-V is the best solution to the scalability limitations of blockchains.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.