<div id="readability-page-1"><div><div><h2>Headlines</h2>▌Polymarket Partners with Nasdaq to Launch Prediction Market for Private CompaniesOn May 19th, the decentralized prediction platform Polymarket has partnered with Nasdaq to launch a prediction market product for private companies. Users can trade and predict based on indicators such as company valuation, IPO timing, and secondary market valuation, further expanding the application scenarios of prediction markets in traditional finance and the primary market.▌Google Launches Gemini 3.5 Series ModelsOn May 20th, Google announced the launch of the Gemini 3.5 Flash model, claiming it to be Google's fastest and most efficient model to date, accepting any form of input (multimodal), allowing users to edit videos using natural language. Whether users need help with everyday tasks or multi-step creative projects, Gemini 3.5 Flash can handle the complexities of the real world and help users act quickly. Google says that starting today, Google's Gemini 3.5 Flash will be available to all users worldwide and will be free to use. Users can select &#34;3.5 Flash&#34; in the model drop-down menu to experience it. As of press time, according to CoinGecko data: BTC price is $76,807.57, a 24-hour change of -0.2%; ETH price is $2,111.52, a 24-hour change of -0.8%; BNB price is $639.63, a 24-hour change of -0.6%. SOL price is $84.33, a 24-hour change of -1.2%; DOGE price is $0.103, a 24-hour change of -1.8%; XRP price is $1.36, a 24-hour change of -2.0%; TRX price is $0.3559, a 24-hour change of +0.1%. WLFI price is $0.05996, a 24-hour change of -2.9%; HYPE price is $48.18, a 24-hour change of +1.5%. Policy: Coinbase, Kraken, and Gemini urge the Senate to remove restrictions on cryptocurrency listings. On May 20th, centralized exchanges Coinbase, Kraken, and Gemini urged U.S. senators to remove certain provisions in the Digital Asset Market Structure Act. These provisions restrict exchanges from listing tokens susceptible to market manipulation. Exchanges submitted amendments requesting the removal of the restriction, arguing that this regulatory standard, derived from traditional commodity futures, would hinder the listing of low-liquidity, small tokens on compliant exchanges and limit industry innovation. ▌JPMorgan Chase: Expects Clarity Bill to Pass Before July 4On May 19, JPMorgan Chase stated that favorable factors for stablecoin regulation are continuously increasing, and it expects the Clarity Bill to pass before July 4, but operational obstacles still exist.▌Bank of England Considers Replacing Stablecoin Issuance Limits with Holding LimitsOn May 19, the Bank of England is considering an alternative to address industry opposition to proposed stablecoin holding limits. Bank of England Deputy Governor Sarah Breeden stated that the central bank is studying setting temporary &#34;barriers&#34; for the total issuance of stablecoins as an alternative to the existing scheme. This statement indicates that the Bank of England is reassessing its stablecoin regulatory arrangements. ▌US Vice President Says US-Iran Talks Have Made &#34;Very Significant Progress&#34;On May 20, US Vice President Vance stated at a White House press briefing on May 19 that direct negotiations between the US and Iran have made &#34;very significant progress&#34; in establishing communication channels and advancing the diplomatic process, but he declined to disclose the specific content of the current behind-the-scenes consultations. Vance stated that the US is still engaged in extensive &#34;back and forth communication&#34; with Iran, and that the negotiations are &#34;making good progress.&#34; Vance revealed that he, Trump's son-in-law Kushner, and special envoy Witkov had previously had lengthy contacts with Iranian officials, primarily with two objectives: first, to rebuild the long-interrupted direct communication channels between the two countries; and second, to lay the foundation for subsequent formal negotiations. He said that the negotiating team was not &#34;very confident&#34; at the time that an agreement could be reached quickly, but believed they could &#34;take an important step towards an agreement,&#34; and that this goal has now been achieved. ... Vance stated that the US will continue to push forward with relevant negotiations, &#34;ultimately either reaching an agreement or not,&#34; but the government still hopes to continue resolving the issue through diplomatic means. (CCTV News)▌NATO plans to deploy troops to escort ships if the Strait of Hormuz does not reopen by early JulyMay 19th news: According to a senior NATO official, if the Strait of Hormuz is not reopened by early July, NATO is discussing the possibility of deploying troops to help ships pass through the blocked waterway. A diplomat from a NATO country stated that this idea has received support from several NATO member states, but has not yet obtained the necessary unanimous agreement. This move would mark a shift in NATO's war strategy against the US, Israel, and Iran. ... <hr/><h2>Blockchain Applications</h2>▌Deloitte Acquires Crypto Infrastructure Company BlocknativeOn May 20th, Deloitte announced on Tuesday that it had acquired crypto infrastructure company Blocknative through a talent acquisition-focused merger and acquisition strategy. According to the announcement, the Blocknative team will &#34;focus on driving Web3 innovation within Deloitte's client ecosystem.&#34; Currently, Blocknative's official website displays an announcement stating that the company is &#34;gradually ceasing operations.&#34; Its Blocknative API and Gas Network services will also be gradually shut down, expected to continue operating until June 19th. Founded in 2018, Blocknative is a blockchain infrastructure company specializing in real-time mempool monitoring, gas fee prediction, and transaction management. The company provides APIs and related tools for optimizing on-chain transactions; its Gas Network is a decentralized oracle network used to provide real-time gas fee data. This move comes at a time of consolidation within the crypto ecosystem. It also coincides with traditional companies like Deloitte increasing their crypto exposure. Deloitte now provides accounting, auditing, and other business services to crypto companies. ▌Bloomberg: NYSE Parent Company ICE to Launch Computing Power Futures MarketAccording to Bloomberg, the Intercontinental Exchange Group (ICE), the parent company of the New York Stock Exchange, announced plans to launch futures contracts based on &#34;computing power&#34; to track changes in the cost of computing power such as GPUs supporting the AI ​​industry. The product still requires regulatory approval. It is understood that ICE will partner with financial infrastructure company Ornn to develop a pricing system for related derivatives based on its GPU cost index. This index will be used to support the computing power futures contracts. ... ▌Mouro Capital's Fund Raises $400 Million to Invest in AI and BlockchainMouro Capital, the fintech venture capital fund under Santander Bank, announced the completion of a $400 million Series A funding round for its third fund. Santander Bank is also an investor. The fund will prioritize investments in areas such as artificial intelligence and blockchain, capital markets, and wealth management, aiming to penetrate the deep intersection of financial services, artificial intelligence, and enterprise software. It is understood that Mouro Capital previously invested in the DeFi platform M^ZERO.▌Hyperliquid Official Documentation Adds AQAv2 API Information, USDC Deployment Possibly ImminentMay 19th news: Hyperliquid's official website updated its documentation, adding AQAv2 API interface information &#34;Authorize AQAv2 Role,&#34; which may be in preparation for Coinbase's deployment of USDC. Previously, on May 14th, Hyperliquid announced that Coinbase would become the official treasury deployer of USDC on Hyperliquid, sharing 90% of USDC reserve profits with Hyperliquid. With the deployment of USDC, Hyperliquid will fully support USDC and gradually close the USDH market. ... ▌Strive Spends $30.3 Million to Acquire 382 BitcoinsOn May 19, Strive CEO Matt Cole disclosed on social media that he spent approximately $30.3 million to acquire 382 Bitcoins, with an average purchase price of approximately $79,348 per Bitcoin, bringing his total Bitcoin holdings to 15,391. ... ▌Bank of America increases its stake in Strategy to 3.96 million shares, worth $664 millionOn May 19, Bank of America, with assets of $2 trillion, disclosed that it had increased its stake in Bitcoin fund management company Strategy (stock code: MSTR) by 117,374 shares (worth $19.6 million), bringing its total holdings to 3.96 million shares (worth $664 million).▌Coinbase adds MetaDAO (META) and Derive (DRV) to its listing roadmapOn May 20, Coinbase announced that it had added MetaDAO (META) and Derive (DRV) to its asset listing roadmap. **Important Economic Developments** ▌HSBC Raises Nvidia Target Price from $295 to $325 (May 19) HSBC raised its target price for Nvidia from $295 to $325, corresponding to a market capitalization of $7.86 trillion. ▌US 5-Year to 30-Year Treasury Yields Hit 2026 Highs (May 19) US Treasury yields continued to climb, with yields on 5-year to 30-year bonds hitting their highest levels since 2026. The yield on the 30-year US Treasury bond rose to 5.158%. The yield on the 30-year U.S. Treasury note rose to its highest level since 2007. The yield on the 30-year U.S. Treasury note rose to 5.177%, the highest level since 2007. According to CME's &#34;FedWatch&#34; on May 20th, the probability of the Federal Reserve keeping interest rates unchanged by June is 99%, and the probability of a cumulative 25 basis point rate cut is 1%. The probability of the Federal Reserve keeping interest rates unchanged by July is 84.4%, the probability of a cumulative 25 basis point rate cut is 0.8%, and the probability of a cumulative 25 basis point rate hike is 14.8%. <hr/><h2>Golden Encyclopedia</h2>▌Can Bitcoin Still Be Called &#34;Digital Gold&#34; During Geopolitical Crises?Every geopolitical crisis causes gold prices to rise while Bitcoin prices plummet. After six tests, the claim of &#34;digital gold&#34; has never been supported by data. Countries hoard gold but exclude Bitcoin from their reserves. For investors, Bitcoin exhibits asymmetry: it falls with stocks but does not rise with them. Three structural asymmetries prevent Bitcoin from achieving safe-haven status: an oversupply of derivatives (market structure), the dominance of leveraged traders (participant composition), and a lack of repeatable behavioral records (behavioral accumulation).Bitcoin is not a safe-haven asset, but it is a &#34;crisis-useful asset,&#34; which can indeed function when borders are closed and banks fail. If these three asymmetries are reduced, Bitcoin may no longer be a replica of gold but rather a completely new &#34;next-generation gold.&#34;Generational shifts and the widespread application of algorithms are key factors that could accelerate this process.</div></div></div>

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Polymarket has partnered with Nasdaq to launch a prediction market for private companies, allowing users to trade on company valuations and IPO timings. Google introduced its Gemini 3.5 Flash model, enhancing user capabilities in video editing and task management. Meanwhile, Coinbase, Kraken, and Gemini urged U.S. senators to lift restrictions on cryptocurrency listings, and JPMorgan Chase anticipates the Clarity Bill's passage before July 4. The Bank of England is reconsidering stablecoin regulations, and NATO is discussing troop deployment in the Strait of Hormuz if it remains blocked.

CoinLive

JPMorgan Chase

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Gemini Space Station

Defiance Daily Target 2X Long JPM ETF

Leverage Shares 2X Long GEMI Daily ETF

Alphabet - C

Alphabet

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JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

Polymarket launches privately-owned prediction market; Google launches Gemini 3.5.