MEXC On-chain Daily Report: Robinhood Approved to Acquire WonderFi for $180 Million

Updated: May 27, 2026, 9:30 (UTC+8) | Author: MEXC

1.Headlines

• Hong Kong plans to establish a licensing regime for virtual-asset advisors

• The UK officially adds HTX to sanctions list

• Spain plans to block Polymarket and Kalshi

• Robinhood approved to acquire WonderFi for $180 million

• Mastercard partners with Chainlink to enable on-chain crypto purchases

2. Industry Updates

Wall Street Journal: Stablecoins Are Essentially “Private Money”

According to The Wall Street Journal, while the GENIUS Act and CLARITY Act are pushing stablecoin regulation forward, stablecoins fundamentally remain a form of “private money” that may introduce structural financial-system risks. The report noted that although USDT and USDC are pegged to the U.S. dollar, depegging risks still exist, while issuers may also be incentivized to allocate reserves into higher-risk assets to increase yields. Citing Chainalysis data, the report stated that stablecoins account for 84% of crypto-related illicit activity, while real-world payment usage remains below 1%.

Base Launches MCP Gateway Supporting AI Interfaces Like ChatGPT and Claude

According to The Block, Coinbase-incubated Ethereum scaling network Base launched Base MCP, a gateway connecting AI interfaces with Base wallet infrastructure. Users can now perform token swaps, fund transfers, and on-chain interactions through natural-language prompts using tools such as ChatGPT, Claude, and Cursor. Initial integrations include Morpho, Moonwell, Aerodrome, and Uniswap, covering lending, swaps, perpetual trading, and AI Agent applications.

Solana Privacy Layer Umbra Launches Private Token Vesting Service With Streamflow

According to The Block, Solana privacy layer Umbra partnered with token-distribution platform Streamflow to launch a private token vesting solution. Powered by the Arcium encrypted execution engine, the service allows projects to manage token lockups, vesting, and distributions with enhanced privacy protection. Token transfers remain confidential throughout the process, while recipients receive vested assets directly through Umbra wallets. The companies stated the solution aims to reduce on-chain monitoring, front-running, and information-asymmetry risks.

Hyperliquid Adds Official Prediction Markets Based on Off-Chain Events

According to Odaily, Hyperliquid announced support for canonical outcome markets based on off-chain events. These markets are published through automated news-feed software operated by validators and integrated into the chain’s routine operations. Validators vote on market deployment and settlement based on rule clarity, result accuracy, and overall market quality, further expanding Hyperliquid’s prediction-market ecosystem.

XRPL Proposes AMM Upgrade Amendment

According to CoinDesk, XRP Ledger developers submitted the “AMM Swappable Curves” amendment proposal, aiming to introduce switchable pricing curves for XRPL-native automated market makers. The upgrade would support constant-product curves, concentrated liquidity models, and StableSwap mechanisms, with Smart AMM functionality planned for future integration. The proposal would allow liquidity providers to choose optimized pricing models based on asset types, improving capital efficiency and on-chain liquidity performance.

Crypto Industry Responds to Warren’s Criticism of OCC Trust Charters

According to The Block, crypto advocacy organization The Digital Chamber responded to Senator Elizabeth Warren’s criticism regarding recent OCC national trust charter approvals. Warren previously argued that approvals granted to companies such as Ripple, Circle, Paxos, and Coinbase could violate the National Bank Act. The Digital Chamber countered that the OCC has the legal authority to grant trust charters to qualified institutions and stated that the framework helps move the digital-asset industry toward clearer federal regulation.

SharpLink and Forward Industries to Join Russell Indexes

According to The Block, Ethereum treasury company SharpLink and Solana treasury company Forward Industries will be added to the Russell 2000 and Russell 3000 indexes following the FTSE Russell annual rebalancing, effective at market open on June 29. SharpLink currently holds approximately 868,000 ETH, while Forward Industries reportedly holds around $585 million worth of SOL. The move is viewed as the first time ETH- and SOL-focused treasury companies have entered mainstream index systems.

Kenya Proposes 10% Excise Tax on Crypto Platforms

According to Cryptopolitan, Kenya’s 2026 Finance Bill proposes a 10% excise tax on virtual-asset service providers, while also requiring crypto firms to pay substantial licensing and annual renewal fees before operating locally. Platforms would additionally be required to submit annual reports containing user and transaction details to tax authorities. Analysts believe the policy could increase operational costs and weaken Kenya’s competitiveness within Africa’s crypto market.

OpenRouter Raises $113 Million

According to The New York Times, AI model aggregation platform OpenRouter completed a $113 million Series B funding round led by CapitalG, with participation from a16z, Menlo Ventures, and NVentures. The company’s valuation now exceeds $1 billion. OpenRouter stated that weekly platform token usage increased from 5 trillion to 25 trillion tokens over the past six months, reflecting rapidly growing demand for AI infrastructure.

TD Cowen: Probability of U.S. Clarity Act Passing This Year Declining

According to AiCoin, TD Cowen stated that the likelihood of the U.S. Clarity Act passing this year is declining amid worsening political conditions in the United States. Analysts noted that ongoing controversies surrounding the Trump administration’s crypto-related activities are making it more difficult for Democrats to support the bill. The report added that progress within the Senate Banking Committee does not necessarily indicate bipartisan consensus on the broader regulatory framework.

3. MEXC Market Heatmap

Data Source: MEXC real-time market data before 09:30 (UTC+8). Figures may fluctuate with market conditions.

Top 24H Gainers

• XT/USDT (+152.76%)

• CTR/USDT (+134.00%)

• ESPORTS/USDT (+32.61%)

Top 24H Trading Volume

• BTC/USDT (657.721M)

• ETH/USDT (304.836M)

• USDC/USDT (133.221M)

Top Trending Meme Tokens

• RAGEGUY/USDT

• SURPLUS/USDT

• DJI6930/USDT

New Listing Preview

• DEUS/USDT — Listing Time: 2026-05-27 20:00:00 (UTC+8)

• DROPEE/USDT — Listing Time: 2026-05-27 23:00:00 (UTC+8)

4. On-Chain Calendar

High-Risk Token Unlock Watchlist

• MemeCore/USDT — [06-03 03:45] Unlock: 178.54M USDT (4.32% of circulating supply) — Elevated sell pressure risk

• Rain/USDT — [06-11 06:45] Unlock: 380.16M USDT (10.57%) — Extremely high sell pressure risk

Key Macro Events Today

• May 27, 01:00 — U.S. Money Supply Data
  [Reflects market liquidity conditions and impacts the U.S. dollar index]

• May 27, 08:00 — BOJ Governor Kazuo Ueda Speech
  [May provide signals on Japan’s monetary policy and affect JPY performance and global risk sentiment]

• May 27, 16:00 — ECB Financial Stability Review
  [Evaluates eurozone financial risks and influences market risk appetite]

• May 27, 16:00 — Fed Official Logan Speech
  [May provide policy guidance affecting U.S. dollar strength]

• May 27, 20:15 — U.S. ADP Employment Data
  [Reflects labor-market conditions and influences Fed rate expectations]

5. Risk Alert

Recently, scams involving “fake exchange login pages” and “counterfeit official app updates” have surged again across the crypto industry. Some attackers use search-engine advertisements, social-media comment sections, and group-chat links to distribute phishing websites designed to imitate legitimate exchange platforms, tricking users into entering account credentials, verification codes, and even 2FA information in order to steal exchange assets.

Meanwhile, scammers are also disguising malware applications as “official version upgrades” or “risk-account verification” notices,lure users into downloading fake apps containing backdoor programs. Once users log in or authorize access, both exchange accounts and wallet assets may be transferred rapidly. Since some phishing pages closely resemble official interfaces, many users struggle to identify the fraud in time.

Users are advised to access exchanges and wallets only through verified official channels, avoid clicking unknown links, and never enter account credentials on unofficial websites. At the same time, users should enable two-factor authentication, fund passwords, and anti-phishing codes, while regularly reviewing device security and login records to reduce the risk of account theft and better protect digital assets.

MEXC Chain Observation Daily, updated daily at 09:30 am, strives to provide professional, timely, and in-depth market analysis for cryptocurrency practitioners. Welcome to share and subscribe.

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Risk Warning: The content of this article is for reference only and does not constitute any investment advice. The cryptocurrency market is volatile, please make a cautious decision based on your own situation.