MEXC On-Chain Observation Daily: Consensys Delays IPO Plan to Autumn 2026 at the Earliest

Updated: May 15, 2026 9:30 (UTC + 8) | Author: MEXC

1. Quick overview of important news

• The US Senate Banking Committee passed the CLARITY bill by a vote of 15 to 9
  
• Winklevoss Twins Invest $100 million in Gemini, Pay in Bitcoin
  
• Coinbase becomes the official USDC treasury deployer on Hyperliquid
  
• CME plans to launch Nasdaq crypto index futures on June 8
  
• Tether and T3 freeze illegal crypto assets worth more than $450 million
  

2. Industry trends

Consensys delays IPO plan until autumn 2026 at the earliest

According to Odaily Planet Daily, MetaMask developer Consensys has postponed its US IPO plan due to market decline, macro uncertainty, and outflow of Bitcoin ETF funds. Previously, its valuation reached $7 billion in 2022. Recently, BitGo's stock price fell after its listing, reflecting the cautious attitude of the open market towards crypto infrastructure companies and the current pressure on the valuation of the primary market in the crypto industry. This provides a market reference for similar crypto companies' listing plans.

ZachXBT: LAB insiders control over 95% of token supply, posing manipulation risks

According to Odaily Planet Daily, the founder of the LAB project pushed the token valuation to $6 billion through shell companies, over the counter, and KOL discount operations. Recently, about 100 million LABs have been transferred from the exchange to specific addresses. The investigation shows that its model is similar to projects such as RIVER, with high control and price manipulation risks. Short selling may face further risks, which can effectively remind users to be vigilant about the liquidity and price risks of the token and avoid secondary market investment traps.

Kraken will replace LayerZero with Chainlink CCIP as cross-chain infrastructure

According to the Odaily Planet Daily, after the 292 million dollar cross-chain bridge vulnerability incident in Kelp, Kraken decided to abandon LayerZero and use Chainlink CCIP as the only cross-chain solution for kBTC and future packaging assets.At present, more than 3 billion dollars of lock value has been migrated from LayerZero, and Chainlink CCIP will be responsible for cross-chain asset transfer, which greatly enhances the security of cross-chain assets and reflects the industry's emphasis on cross-chain bridge security.

Strive's SATA will become the first daily dividend-paying security in the US stock market, with an actual yield of 13.88%.

According to Odaily Planet Daily, SATA will distribute cash dividends every trading day starting from June 16th, increasing the annual dividend yield from 13% to 13.88% through daily compound interest. The company has paid off all debts and holds 15,009 bitcoins, ranking ninth among the world's largest BTC holders of listed companies. This product provides stable cash flow tools for Bitcoin assets, expands the financial application scenarios of Bitcoin assets, and provides institutional investors with new options for encrypted asset allocation.

Korean National Pension increases holdings of Strategy shares to $147.50 million

According to BitcoinTreasuries.NET news, the world's third largest pension fund, the National Pension Fund of South Korea, increased its holdings of Strategy stocks, with a total value of $147.50 million. As a typical case of traditional institutional funds entering Bitcoin-related assets, this behavior reflects institutions' recognition of Bitcoin as an anti-inflation asset, and also provides a reference signal for other large institutions to allocate encrypted assets, accelerating the entry of mainstream traditional funds into the encrypted track.

Onramp completes $12.50 million Series A financing, focusing on Bitcoin multi-signature custody

According to axios, Onramp, a Bitcoin multi-signature custody platform, has received $12.50 million in Series A financing, led by Early Riders. It provides multi-institutional joint custody services for large Bitcoin holders, and assets need to be approved by multiple institutions before transfer. This model solves the single point of failure problem of a single custody institution, improves the security of large Bitcoin assets, fills the market gap of institutional multi-signature custody, and helps standardize the development of Bitcoin institutional custody.

Turnkey completes $12.50 million strategic financing, focusing on wallet and key infrastructure

According to CoinDesk, crypto wallet and key management company Turnkey has raised $12.50 million in financing, led by Circle Ventures and others, with a total financing amount of over $65 million. Its product, Turnkey Verifiable Cloud, provides enterprises with a verifiable trading environment, serves customers such as Polymarket and World App, fills the gap in enterprise-level encryption security infrastructure, and promotes the implementation of encryption application security compliance.

Fasset completes $51 million Series B financing, stablecoin bank expands into emerging markets

According to CoinDesk, stablecoin bank Fasset has received 51 million USD B round financing and plans to expand into new markets and develop loan products. The platform has covered 125 countries with an annualized transaction volume of over 32 billion USD. It provides payment and remittance services for Emerging Markets through stablecoins, reduces cross-border settlement costs, promotes the large-scale landing of stablecoins in traditional financial scenarios, and helps financial inclusion in Emerging Markets.

Stitch completes $25 million Series A financing to build Financial Institution operating system

According to Odaily Planet Daily, fintech company Stitch has received 25 million US dollars in Series A financing, led by a16z. Its platform trading volume exceeds 5 billion US dollars, and its customers have grown tenfold in just six months. The platform provides financial institutions with a Modularization technology stack, which can quickly launch financial products, reduce the threshold for traditional financial institutions to access digital assets, and promote the deep integration of Web2 and Web3 finance.

SK Hynix moves towards the trillion-dollar market value threshold

According to Jinshi News, benefiting from strong demand in the field of artificial intelligence, SK Hynix's stock price has risen sharply and is expected to enter the trillion-dollar market value club. The continuous outbreak of AI computing power demand has driven the high prosperity of the storage chip industry. SK Hynix's market value breakthrough confirms the strong demand for hardware chips in the AI industry chain, driving the long-term growth of the global computing hardware track and strengthening the core position of the Asian AI industry.

3 MEXC platform heat dashboard

Data description: Taken from real-time market data before 09:30 (UTC + 8) on the MEXC platform, the data will be updated later or with market fluctuations

24H increase TOP3: ENM/USDT (+ 35.00%), PEAQ/USDT (+ 17.22%), TROLLSOL/USDT (+ 14.57%)

24H Volume TOP3: BTC/USDT (419.862M), ETH/USDT (181.900M), XRP/USDT (82.906M)

Meme Coin Hot TOP3: GITLAWB/USDT , HASH/USDT , NEET/USDT

Platform new coin launch preview: UBOX/USDT , launch time: 2026-05-15 16:13:58 (UTC + 8)

4. On-chain calendar

[Approaching high-risk unlock reminder]

• PYTH/USDT [05-21 06:06] Unlocked 107.52M USDT, accounting for 37.21% of the circulation, with extremely high short-term selling pressure
  
• Humanity/USDT [05-25 02:36] Unlocked 73.56M USDT, accounting for 15.95% of circulation, with high short-term selling pressure
  
• TON/USDT [05-23 23:58] Unlocked 78.85M USDT, accounting for 1.37% of circulation, with high short-term selling pressure
  
• MemeCore/USDT [05-31 02:36] Unlocks 189.73M USDT, accounting for 4.33% of circulation, with high short-term selling pressure
  

Macro events worth paying attention to today

• May 15th 01:00: Federal Reserve officials Bauman and Hammack speak [focus on interest rate path statement, affecting interest rate cut expectations]
  
• May 15th 04:30: The Federal Reserve's Balance Sheet is announced [reflecting the pace of balance sheet reduction/expansion, affecting market liquidity expectations].
  
• May 15, 05:45: Federal Reserve Official Williams Speech [Focus on Inflation/Employment Views, Influence Short-term Market Sentiment]
  

5. Today's guide to avoiding pitfalls

Recently, there has been a high incidence of on-chain phishing scams. Many users have had their wallets maliciously authorized and their assets stolen by clicking on unfamiliar links such as "AI concept airdrop" and "official subsidy collection". Some fraudulent pages highly imitate the official websites of exchanges and popular projects, with strong concealment. It is recommended that users only participate in activities through official channels, carefully sign and authorize their wallets, and do not trust unfamiliar airdrops and high-yield promotional links.

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.