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Crypto Circle (120BTC.CoM) News: U.S. online brokerage Robinhood submitted a regulatory proposal for real asset tokenization (RWA) to the U.S. Securities and Exchange Commission (SEC) on 5/20 Eastern Time, and also revealed the future blueprint for the real asset exchange (RRE), attempting to improve the efficiency of the existing financial system and address the fragmentation of state regulations, allowing for tokenization.

The domain of the stablecoin exchange protocol Curve Finance has been hijacked, and users may be directed to malicious websites. It is recommended to suspend interactions with the Curve website to avoid asset risks. Hackers may exploit front-end attacks to steal user information and assets. This incident marks the second attack on Curve this week, raising concerns about its security mechanisms. Users need to be cautious about the security risks of Decentralized Finance protocols.

Pepo, a core member of Uniswap, has exited the Uniswap DAO, sparking widespread discussion. The main reason is the foundation's disregard for DAO opinions. He accused the foundation of self-protection, limiting representatives' voices, and lacking governance accountability. This move serves as a warning, exposing a governance crisis within Uniswap. Issues such as the launch of Unichain and the foundation's transparency problems have long been contentious, and Pepo's departure is seen as a significant loss. How Uniswap will handle the power balance between the DAO, the foundation, and Uniswap Labs in the future will become a focal point.

Apple was forced to relax its App Store payment regulations due to Epic Games' antitrust lawsuit, allowing U.S. developers to direct users to external transactions, thereby freeing up development space for NFT and Crypto Assets applications. The new policy allows users to choose their payment methods, and developers do not have to pay high fees, enabling NFT and Web3 applications to integrate purchase functions. However, Apple still restricts activities such as crypto mining and plans to appeal, leaving the long-term existence of the policy uncertain.

Nike's sudden closure of the virtual fashion brand RTFKT after its acquisition has sparked a collective lawsuit from NFT holders, claiming damages of over $5 million. Nike did not disclose the risks that led to investor losses and is accused of violating regulations by not registering NFTs as securities. Traditional giants entering Web3 have repeatedly faced setbacks, with cases such as Starbucks, GameStop, Budweiser, and Disney all ending in failure. Nike's actions reveal strategic missteps in the Web3 realm, reminding companies to carefully assess market risks and technological feasibility.

OpenSea has written to the SEC requesting clarification that the NFT market does not fall under the categories of exchanges or brokers. The SEC has recently been friendly towards Crypto Assets, and OpenSea believes that the NFT market is significantly different from the TradFi system, making it unsuitable for federal securities law. They emphasize that regulation should target actual issues, eliminate uncertainty, and protect the competitive position of tech companies. They also point out that the NFT market does not involve the flow of funds and lacks underlying risks, calling for regulation not to be overly broad.

Ubisoft established a new subsidiary, Tencent Investment, to transform its three major IP business models: Assassin's Creed, Arctic Warcry, and Rainbow Six, and plans to build a sustainable multi-platform ecosystem and strengthen social networking. Tencent has a 25% stake, and although it has no dominant power, it has some influence. The parent company retains control, which will reduce the debt pressure. In the future, it may continue to develop NFT chain games, but it needs to show transformation results to stabilize market confidence.

Cryptocurrency Circle (120bTc.coM): Blockworks Research report, PumpFun's self-developed AMM platform PumpSwap has rewritten the Solana ecosystem situation in just one week. Just yesterday, PumpSwap's trading volume officially surpassed Raydium, becoming the largest DEX on Solana.