According to an official announcement, Bitget will support a preSPAX token split and adopt preSPCX as the new token code. The split ratio is 1:5, meaning each preSPAX token can be split into 5 preSPCX tokens. As scheduled, Bitget will temporarily remove the preSPAX/USDT spot trading pair at 14:00 (UTC+8) on May 28th, and simultaneously suspend related unified account spot trading, spot strategy bots, and instant exchange functions. After the token split is completed, the preSPCX/USDT trading pair and instant exchange function will be available again at 17:00 (UTC+8) on the same day. More details can be found on the Bitget official platform.

Odaily Planet Daily reports that former Ethereum core developer Eric Connor responded to Bankless founder David Hoffman's update regarding the liquidation of his ETH holdings, stating: "I understand David; after all, ETH has indeed significantly lagged behind the overall crypto market for many years… As I mentioned before, I myself have significantly reduced my ETH holdings over the past 1-2 years, and in hindsight, all the assets I switched to have far outperformed ETH. Frankly, I don't even think ETH's weak performance is necessarily related to any 'fundamental mistake.' I think many people are overlooking one point: ETH's early surge was simply too dramatic. In such a short period, it created a huge number of millionaires, and the market needs a very long time to absorb the continuous selling pressure from this group. Ultimately, in portfolio management, being 'maximalist' with a single coin is a very foolish thing to do. The market doesn't lie, and there's no need to trade against the market."

Odaily Planet Daily reports that Bitmine Chairman Tom Lee remains firmly optimistic about the crypto market entering a new supercycle, believing Ethereum will be a core beneficiary. Lee pointed out that the two main drivers of this cycle are Wall Street-driven tokenization and the rapid development of AI agents, stating that "the crypto market and Ethereum are about to enter a supercycle." Furthermore, Lee believes that Ethereum's recent significant pullback has presented an attractive buying opportunity. Currently, over 39.2 million ETH are staked in the Ethereum ecosystem, representing approximately 32% of the total supply. According to market news, Bitmine added 111,942 ETH last week, bringing its ETH holdings to approximately 4.47% of the total 120.7 million ETH supply. (Cointelegraph)

Odaily Planet Daily reports that the State Council Information Office held a press conference themed "Starting the 15th Five-Year Plan," introducing the relevant situation regarding "Advancing the Rule of Law in All Aspects." Liu Guixiang, Deputy Ministerial-level Full-time Member of the Judicial Committee of the Supreme People's Court and a Second-Level Grand Justice, stated that the Supreme People's Court will conduct in-depth research on the adjudication rules for new types of cases such as virtual currencies and cross-border finance, and will formulate judicial interpretations on civil compensation for insider trading and market manipulation as soon as possible to ensure the sound operation of the capital market and safeguard the legitimate rights and interests of small and medium-sized investors. Furthermore, he stated that, in response to new forms of digital economy, the Supreme People's Court will study and formulate normative documents on cases involving artificial intelligence and judicial protection of data property rights, improving the adjudication rules regarding data ownership, data transactions, and AI generation.

According to Odaily Planet Daily, CryptoQuant founder Ki Young Ju stated in an article on the X platform that crypto ETFs in the traditional financial system have performed strongly, while stocks on crypto trading platforms have performed weakly. He further pointed out that if native crypto users stop buying crypto assets, "then who will buy them?"