Wu Blockchain (@WuBlockchain)

MiCA Transition Ends on July 1: Approximately 75% of EU Crypto Companies May Lose License The EU’s MiCA transition period will end on July 1, after which crypto exchanges, brokers and wallet service providers without a MiCA license will no longer be able to serve EU users. As of May 2026, only 194 crypto firms in the EU had obtained a license, compared with more than 3,000 registered crypto firms in 2024. Around 75% of existing firms are expected to lose operating eligibility. Unlicensed platforms will need to stop new deposits and guide users to withdraw assets or transfer them to licensed firms. Regulators in some countries may also take measures such as website blocking and public warning lists.

Breaking: The Sui blockchain network has stopped producing blocks for nearly an hour. The official statement: The Sui Mainnet is currently experiencing a network stall. The Sui Core team is actively working on a solution. Transactions may be paused at this time.

HTX said the recent UK sanctions designation does not affect the online HTX exchange, stating that the sanctioned entity, Huobi Global S.A., is separate from HTX’s exchange operations. HTX said it was not given prior notice or supporting evidence by UK authorities and added that Huobi Global S.A. will engage with relevant authorities to address the matter. The exchange said its global operations remain unaffected and user funds are safe.

The Chinese government has announced severe penalties against major US stock trading platforms operating within China, confiscating all illegal gains. This could benefit centralized exchanges (CEXs) and on-chain US stock trading. China's Securities and Exchange Commission (CSRC) has cracked down on illegal cross-border activities by Tiger Brokers (NZ), Futu Securities (HK), and Longbridge Securities (HK). The three platforms are accused of unauthorized securities trading services, marketing, public fund sales, and futures brokerage in mainland China. The CSRC and eight other departments have issued a joint plan to ban overseas firms from offering account opening, trading, and fund transfer services, with a two-year cleanup period for existing illegal business.

Russia's Largest Securities Exchange to Launch SOL, XRP, TRX and BNB Crypto Indexes The Moscow Exchange will begin publishing four crypto indexes tracking SOL, XRP, TRX and BNB from May 13, using pricing data from Binance (50%), Bybit (20%), OKX (15%) and Bitget (15%). Existing indexes including MOEXBTC and MOEXETH will also update every 15 seconds during trading sessions. The exchange plans to expand its crypto benchmarks to 10, with related instruments limited to professional investors.

Exclusive: Coinbase, the largest cryptocurrency exchange in the US, is in talks with Bybit, the world's second-largest offshore exchange, for an investment partnership. Bybit hopes to use this opportunity to enter the compliant US market. Three sources confirmed this news to WuBlockchain.

Exclusive: The Dubai TOKEN2049 summit, originally scheduled for April 29-30, 2026, has been postponed to April 21-22, 2027. This comes after several locations in Dubai were attacked by Iranian drones and shrapnel, prompting many in the crypto industry to evacuate.