Hong Kong's AI application sector experienced mixed movements today. According to Jin10, Zhihu (02513.HK) continued its decline, falling by 13%. MINIMAX-W (00100.HK) also saw a significant drop, losing over 9%. Other companies such as SenseTime (00020.HK) and Paradigm Intelligence (06682.HK) followed the downward trend.

Galaxy Digital received New York’s BitLicense and Money Transmission License to offer crypto trading and custody services in the state. The approval gives the firm direct access to major institutional investors under one of the strictest crypto regulatory systems in the US.

Echo Protocol has temporarily suspended all cross-chain transactions in response to a security breach that resulted in a $76.7 million exploit on its bridge. According to NS3.AI, the protocol is currently investigating the incident to determine the cause and extent of the breach. Echo Protocol has assured users that further information will be provided through its official channels as the investigation progresses.

South Korean financial authorities are considering changes to cryptocurrency regulations, including a requirement to report transfers of 10 million won or more to the Financial Intelligence Unit. According to NS3.AI, industry representatives have requested a review of these proposals, which also suggest extending the Travel Rule to transactions below the current 1 million won threshold.

An analyst @ai_9684xtpa posted on X about a trader experiencing substantial losses while short selling the cryptocurrency HYPE. The trader incurred a loss of $306,000 in less than 24 hours yesterday. This morning, the trader faced additional losses of $73,000 and $184,000 in two separate 29-minute holding periods at 6 a.m. and 8 a.m., respectively. Currently, the trader holds 224,000 HYPE tokens, valued at $10.63 million, with an unrealized loss of $184,000. The total loss from short selling HYPE since yesterday amounts to $747,000, including the unrealized loss.

According to the announcement from Binance, the platform will delist and cease trading on all margin trading pairs for Anchored EUR (AEUR) and Sleepless AI (AI) tokens. This action is scheduled to take place on 2026-05-22 at 06:00 (UTC). Users are advised to repay any outstanding loans involving these tokens before the delisting to avoid potential losses. **Loan Services** On the specified date, Binance's Flexible Loan service will close all outstanding loan positions for AEUR and AI tokens, both as loanable and collateral tokens. Similarly, the VIP Loan service will close all outstanding positions for these tokens as collateral. Users are encouraged to settle their loans before the automatic closure to prevent any financial impact. **Margin Trading** Binance Margin will remove AEUR and AI tokens from both Cross and Isolated Margin trading at the same time. Effective immediately, users cannot transfer these tokens into their margin accounts via manual or Auto-Transfer Mode. Borrowing for these tokens will be suspended on 2026-05-19 at 06:00 (UTC). At the delisting time, Binance will close positions, conduct automatic settlements, and cancel pending orders for these tokens. **Portfolio Margin** For users with Portfolio Margin Accounts, any remaining AEUR and AI tokens after the delisting will be automatically liquidated and converted to USDT. Users are advised to transfer these tokens to their Spot Accounts and monitor their Unified Maintenance Margin Ratio (uniMMR) to avoid liquidation risks. Binance emphasizes that it will not be responsible for any losses incurred during this process. Users should take necessary actions to manage their positions and assets before the delisting occurs.

On May 19, Hyperinsight reported that a significant BTC holder on the Hyperliquid platform is nearing liquidation. According to BlockBeats On-chain Detection, the address 0x50b has a liquidation price set at $74,214, approximately $25 million away from the current price, representing a 3.31% difference. This whale leveraged 20 times to go long on 881.6 BTC one day ago, with an average price of $77,934. The position is currently experiencing a floating loss of $1.06 million, marking a 37% decline. This address has become the largest BTC long position on the platform.

Renzo, a liquidity re-staking protocol, has advised REZ token holders to transfer their tokens on-chain and unstake ezREZ by May 31. According to Foresight News, the official statement also indicated that the project is set to enter its next phase.

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