In the cryptocurrency circle (120BTC.coM) news: Nelli Zaltsman, head of JPMorgan's blockchain department Kinexys, shook hands with Sergey Nazarov, co-founder of Chainlink, at the RWA Summit 2025 in Cannes, France. At the same time, the screen on site displayed a successful cross-chain transaction settlement, heralding the union of TradFi and Decentralized Finance.

The crypto circle (120btc.cOM): The well-known exchange Binance( CEO Richard Teng recently visited Bhutan) Kingdom of Bhutan(, where he emphasized the concept of blockchain and the country's long-standing principle of "Gross National Happiness" ).

Synthetic asset platform Synthetix's $27 million acquisition of crypto options platform Derive fell through amid community opposition. The trade proposal failed to resonate, mainly due to concerns about the token lock-up period and the trading price. The Derive community questioned the terms of the transaction, arguing that the exchange ratio was unfair and fearing the loss of rights. The failure of the transaction highlights the importance of community decision-making under DAO, emphasizing the critical role of community consensus in driving strategic decision-making.

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.