Odaily Planet Daily News On May 20, Stables Labs, the developer of the stablecoin issuance protocol usdx.money, announced that by staking at least 25 USDT in the USDT-sUSDX strategy in the yield pool through Binance Wallet, you can share $300,000 in USDX rewards. · Daily prize pool of $10,000 · Increase annualized rate of return (APR) · Get ​​2x S-Points rewards Event time: May 20 to June 18, 2025 (UTC)

OKX market shows that BTC fell below 105,000 USDT and is now at 104,999.9 USDT, with the 24-hour increase narrowed to 1.71%. (This newsletter is generated by AI)

Odaily Planet Daily News According to official website data, the total locked value (TVL) of the Midas RWA platform has exceeded 100 million US dollars, and the on-chain capital market is growing rapidly. Midas is a company that builds financial infrastructure in the Internet era based on blockchain architecture. It provides institutional-level investment strategies through tokenized products, taking into account the compliance of traditional finance and the transparency and efficiency of blockchain. The core team comes from institutions such as Goldman Sachs and OLX, and is supported by well-known investors such as Framework Ventures and Coinbase Ventures, and is committed to making high-quality financial products more accessible.

According to Odaily, on May 20, Tabi founder Xavier highlighted the shift in successful blockchain strategies. Historically, public chains thrived on innovative applications within their ecosystems, such as Ethereum's ICO and DeFi Summer. However, as the industry matures, this traditional approach is becoming less effective. Xavier emphasized HyperliquidX as a model of the 'fat application, thin protocol' concept, indicating a new direction for public chain development. Instead of numerous decentralized applications (DApps), future public chains should concentrate on the application chain model to enhance efficiency and practicality. Application chains may be crucial for the next generation of successful public chains. Xavier also acknowledged Cosmos for its contributions to the application chain sector. Concepts like account abstraction and inter-chain communication provide essential theoretical foundations for the future development of Layer 1 blockchains.

According to Foresight News, on May 19, Anza, a developer studio spun off from Solana Labs, introduced a new consensus layer protocol for Solana named Alpenglow. This protocol modifies the existing TowerBFT and PoH consensus mechanisms by incorporating new components, Votor and Rotor, to handle voting and block finality, and to enhance Solana's current block propagation protocol. Built on Turbine, Solana's version of sharding, it optimizes bandwidth usage through a single-layer relay node based on stake. Roger Wattenhover, Anza's Head of Research, stated at Solana Accelerate that the new consensus mechanism will significantly reduce transaction finality time from the current 12.8 seconds to 150 milliseconds. Alpenglow has completed prototype testing and is expected to deploy on the testnet by mid-2025, with mainnet deployment anticipated later in the year following approval through Solana Improvement Documents (SIMD). Compared to the current Solana mainnet, Alpenglow simplifies architecture and optimizes data propagation efficiency, making it suitable for high-frequency trading and real-time payments. Votor, a core component of Alpenglow, will replace TowerBFT by handling consensus logic. It operates through direct communication rather than the current node gossip model, using peer-to-peer communication and dynamic grouping strategies based on stake weight or geographical location. This reduces redundant message transmission and network latency. Votor introduces a tiered stake voting mechanism: if a block receives over 80% stake support in the first round, it is notarized immediately; if support is between 60% and 80%, a second round of rapid confirmation is initiated. Nodes can skip voting if block delay or risk is detected, preventing resource wastage. Overall, when the validator threshold is below 60%, latency can be controlled to around 100 milliseconds. Rotor focuses on improving block propagation efficiency and network resource allocation by integrating Turbine sharding technology. It replaces the traditional multi-layer relay model with a single-layer relay node architecture, splitting block data into lightweight shards and dynamically optimizing transmission paths, significantly reducing network complexity and transmission delay. Rotor also introduces an adaptive propagation algorithm that monitors network status in real-time and switches congested paths, combining lightweight data verification to reduce computational overhead, greatly enhancing propagation speed and fault tolerance. Performance-wise, Rotor compresses block propagation delay to milliseconds, supporting Solana's goal of achieving 50,000 TPS, meeting the demands of DeFi clearing and real-time payment scenarios. Overall, the Alpenglow protocol removes the PoH mechanism, reducing chain-wide operational risk and simplifying architecture. By replacing Tower BFT consensus with Votor and using stake-driven 1-2 round voting, it achieves block finality within 100-150 milliseconds without relying on optimistic confirmation. Rotor optimizes Turbine sharding with a single-layer relay system, enhancing propagation efficiency to the physical network latency limit, with the main bottleneck being underlying network transmission speed. The system's resilience is significantly enhanced, capable of withstanding 20% malicious nodes and 20% stake offline scenarios, improving attack resistance and fault tolerance. Ultimately, Alpenglow compresses transaction finality to milliseconds, providing foundational support for high-frequency trading, real-time payments, and large-scale on-chain applications.

According to Cointelegraph, Indonesian fintech firm DigiAsia Corp experienced a significant surge in its stock value following the announcement of its ambitious Bitcoin acquisition strategy. The Jakarta-based company, listed on Nasdaq, revealed plans on May 19 to establish a Bitcoin treasury reserve, committing up to 50% of its net profits to fund Bitcoin purchases. Additionally, DigiAsia is exploring a capital raise of up to $100 million to initiate its Bitcoin holdings, with intentions to generate yield through lending and staking. DigiAsia has begun discussions with regulated partners to develop yield strategies and manage its prospective Bitcoin assets. The company is also considering offering convertible notes or crypto finance instruments linked to its Bitcoin plans. Following the announcement, DigiAsia's shares (FAAS) closed on May 19 with a remarkable gain of over 91%, reaching 36 cents. However, post-market trading saw a decline of 22%, bringing the stock down to 28 cents. Despite this recent volatility, DigiAsia's shares have decreased nearly 53% this year, having peaked at just under $12 in March 2024. In its financial update on April 1, DigiAsia reported a 36% increase in revenues year-on-year, reaching $101 million in 2024. The company projects a 24% growth to $125 million in 2025, with expected earnings before interest and taxes of $12 million. The trend of companies incorporating Bitcoin into their corporate holdings is growing, inspired by Michael Saylor’s Strategy, formerly MicroStrategy, which holds the largest Bitcoin reserves among public companies at 576,230 BTC, valued at nearly $60.9 billion. Strive Asset Management recently announced its transition into a Bitcoin treasury company, while GameStop Corporation (GME) completed a convertible debt offering on April 1, raising $1.5 billion, with some proceeds allocated for Bitcoin purchases. Corporate Bitcoin treasuries collectively hold over three million Bitcoin, valued at over $300 billion, according to Bitbo data. Blockstream co-founder and CEO Adam Back has predicted that companies with Bitcoin-focused treasuries are driving global adoption and could propel Bitcoin’s market cap to $200 trillion in the next decade. Currently, Bitcoin’s market cap stands at approximately $2 trillion, with BTC trading at $105,642, marking a 2% increase in the past day, as reported by CoinGecko.

According to Foresight News, DigiAsia Corp (NASDAQ: FAAS) has announced that its board of directors has approved a strategy to establish a Bitcoin (BTC) reserve. The company plans to allocate 50% of its net profits towards purchasing BTC. Additionally, DigiAsia aims to raise up to $100 million to build its BTC reserves and implement a cryptocurrency yield strategy. The corporation has engaged in discussions with regulated partners regarding the management of BTC reserves and yield strategies. The proposed approach includes optimizing returns through institutional lending and staking solutions.

According to CoinMarketCap (CMC) data, the CMC Altcoin Season Index currently stands at 24. The index measures market performance by analyzing the top 100 cryptocurrencies by market capitalization to determine whether the market is shifting towards altcoins or Bitcoin dominance.

Odaily Planet Daily News On May 20, Tabi founder Xavier pointed out that the success of public chains in the past often relied on innovative applications within the ecosystem, such as ETH's ICO and DeFi Summer. However, as the industry matures, this traditional path has gradually become ineffective. He mentioned that HyperliquidX, as a model of "fat application thin protocol", shows a new direction for the development of public chains in the future. Compared with the numerous DApps, future public chains should focus more on the application chain model to improve efficiency and practicality. Application chains may become the key to the success of the next generation of public chains. In addition, Xavier also affirmed Cosmos' contribution to the application chain field. From account abstraction to inter-chain communication, these concepts provide an important theoretical basis for the future development of Layer 1.

The on-chain analytics firm Glassnode has explained how the Bitcoin investor Cost Basis Distribution could highlight this level as an important one. A Notable Amount Of Bitcoin Has Cost Basis At $106,600 In a new post on X, Glassnode has talked about the Bitcoin Cost Basis Distribution for the levels nearby to the current spot price. The “Cost Basis Distribution” (CBD) here refers to an on-chain indicator that tells us about how much of the asset’s supply was purchased at what price levels. Related Reading: Bitcoin At $103,000 Relatively Cool Per This Indicator, Quant Says Below is the CBD chart shared by the analytics firm that shows the data related to price levels above $101,500 source: https://www.newsbtc.com/bitcoin-news/bitcoin-level-watch-in-the-short-term-glassnode/

Nearly $1 out of every $7 spent is used to pay interest. The US fiscal problems can no longer be ignored. Is the "Sell America" ​​deal being re-planned?

The new federal law criminalises non-consensual intimate imagery and deepfake porn, mandating tech platforms remove such content within 48 hours. First Lady Melania Trump called it a “national victory” for child protection, as victims now receive federal safeguards against online exploitation.

The SEC has delayed its decision on several Solana-linked ETF proposals and opened a public comment period to gather more feedback. This shows the regulator is being cautious and wants to carefully review these crypto investment products before approving them.

Does Nebraska’s New Mining Law Amount to More Biased Regulation for Bitcoin Miners?

One Bybit has found herself shocked and confused when she found herself temporarily locked out of his Bybit account after several failed attempts to login using her Apple face-ID authentication.

In mid-May, during the 90-day window of tariff suspension, the battle for core computing resources suddenly heated up.

Is YouTube cracking down on Bitcoin content? It abruptly removed Bitcoin broadcaster Roxom TV without explanation, sparking fears of selective silencing in the crypto space.

On May 19, Huobi HTX officially announced the list of five new space travel candidates for the "Mars Project Special Edition".

DeFi, Uniswap, Pump.fun, from Uniswap to pump.fun, all DeFi innovations are about changing the pool. Golden Finance, I think the concept of capital pool has always been an underestimated concept.

Vladimir Smerkis, the co-founder of the Telegram-based crypto project Blum, has been arrested in a sweeping crypto fraud investigation—casting a dark shadow over his past ventures and shaking the confidence of the Web3 community.