WuBlockchain

Highlight Clip
Circle CEO: Stablecoins can skip yield, but need alternative reward systems
On March 20, 2026, Circle CEO Jeremy Allaire noted the GENIUS Act prohibits stablecoin issuers from paying interest directly to users. The real debate is whether distributors can offer rewards.
He believes that as stablecoins adopt an internet software architecture, traditional finance won't vanish but will face fierce, fair competition similar to the internet era.

Hyperliquid Launches Canonical Prediction Markets Based on Offchain Events
Hyperliquid announced that it now supports canonical outcome markets based on offchain events. These markets are published by automated newsfeed software run by validators as part of their regular node operations. Validators will vote on the deployment and settlement of canonical markets based on factors including rule clarity, correctness, and the subjective quality of the market.

Ondo Finance Founder Nathan Allman Passes Away, Ian De Bode Named CEO
RWA project Ondo Finance announced the unexpected passing of its founder, Nathan Allman. The team said Allman's vision and belief in building a more open and accessible financial system will continue to guide Ondo's work. Ondo also said Ian De Bode, its longtime president who has led strategy, product, and day-to-day operations for more than two years, will serve as CEO.

Strategy Added No BTC Last Week, BitMine Added No ETH, While Four Public Firms Bought 612 BTC
According to Lookonchain's weekly report, from May 18 to May 24, Strategy paused its BTC purchases and BitMine paused its ETH purchases, while four public companies still added a combined 612 BTC, worth about $47.5 million. As of May 25, Strive, The Smarter Web Company PLC, DDC Enterprise Limited and Hyperscale Data together held 21,525 BTC, worth about $1.67 billion.

Highlight Clip
CZ: I Doubted RWA and Stablecoins, Both Took Off Fast
Binance founder Changpeng Zhao (CZ) said in a May 9, 2026 interview with Crypto In America that he was once skeptical of RWA and stablecoins. But RWA has grown quickly after emerging about a year and a half ago, while stablecoins, which he doubted 10 years ago, are now a $200 billion industry.
CZ added that SpaceX shows mature technologies can still create new opportunities - and crypto is no different.

US Consumer Sentiment Falls Near Historic Low Amid Rising Inflation Concerns
US consumer sentiment fell to 44.8 in May, marking a third consecutive monthly decline and nearing the record low seen in June 2022, according to the University of Michigan. The survey showed 57% of consumers said high prices were hurting their personal finances. One-year inflation expectations rose from 4.7% to 4.8%, while long-term inflation expectations climbed from 3.5% to 3.9%.

Trader Linked to “10/10 Whale” Now Down $128M Overall: Bubblemaps
Bubblemaps said trader Garrett Jin, linked onchain to the “10/10 whale,” would have been up over $70 million had he never traded ETH, but is now down $128 million overall after major ETH losses. The whale previously made about $100 million shorting BTC before reportedly losing over $200 million on ETH longs. A connected wallet recently deposited millions to Hyperliquid, bought $10 million in HYPE, and opened a $38 million short on ZEC.

Indonesia Blocks Polymarket Over Online Gambling Concerns
Reuters reported that Indonesia has blocked prediction market platform Polymarket as part of its crackdown on online gambling. Authorities said Polymarket’s betting and speculation activities violate local law, days after the platform drew attention in Indonesia for a market predicting when President Prabowo Subianto would leave office.

Author | Ivan WuBlockchain
I. Born for the Crypto Market
Perpetual contracts — also known as perpetual futures or perpetual swaps — are an innovative type of derivatives instrument first introduced by crypto exchange BitMEX around 2016. The idea of “perpetual futures” dates back to 1992, when economist Robert Shiller proposed the concept as a means to create tradable instruments for illiquid assets. However, the concept saw little traction in traditional finance until BitMEX brought it to life. In May 2016, BitMEX launched the Bitcoin perpetual contract (XBTUSD), pioneering a futures product with no expiry date. This structure quickly gained traction, perfectly matching the needs of the crypto market. It soon became a standard product across major digital asset exchanges.
The rise of perpetual contracts is closely tied to the unique structure of the crypto market. Unlike traditional markets, crypto trades 24/7 globally, with no closing hours or holidays. In traditional futures, contract expiry and scheduled closures often interrupt trading, while perpetuals are inherently suited for the continuous nature of crypto — investors can open and close positions at any time without constraints. Moreover, crypto assets lack a unified, authoritative spot price anchor — prices are fragmented across numerous global exchanges and highly susceptible to short-term sentiment swings. Perpetual contracts solve this by using a funding rate mechanism to keep contract prices closely aligned with a reference spot index, preventing long-term divergence due to the absence of settlement. In a market without a central closing price, this mechanism acts as a dynamic stabilizer.
Speculation also runs deep in crypto culture. Investors favor high leverage and volatility — perpetuals meet both demands. With built-in leverage, two-way trading, and no delivery requirement, they lower the barrier to entry and amplify exposure. BitMEX saw trading volumes surge following its perpetual launch, establishing its early dominance in crypto derivatives. Today, perpetual contracts are the backbone of crypto derivatives trading, offered by nearly every major exchange.
II. Gambler Psychology and the Dopamine Trap
The popularity of perpetual contract trading reveals underlying traits common to gambling psychology. One of the key reasons gambling is so addictive lies in how unpredictable outcomes stimulate the brain’s reward circuitry. As early as the mid-20th century, behavioral psychologist B.F. Skinner observed that it’s not the frequent wins that keep people hooked, but rather the uncertainty of outcomes. In other words, gamblers don’t stay at the table because they’re winning — they stay because the next result is unknown: “People don’t gamble because they win, but because the outcome is unpredictable.”
This psychological mechanism is tightly linked to dopamine release. Neuroscience has shown that the brain’s dopamine levels spike most intensely in situations where rewards are uncertain. When rewards are predictable and guaranteed, the dopamine response is far less dramatic. The surprise element of an unpredictable outcome triggers stronger neural excitation, making the experience more emotionally charged. This is why casinos design slot machines to operate on highly randomized reward patterns — keeping players locked in cycles of near misses and occasional wins. Each time a player narrowly avoids losing or lands a small payout, the brain’s reward system is reactivated, creating a continuous stream of dopamine that fuels addictive behavior.
Moreover, the pleasure triggered by uncertainty does not require actual rewards to be sustained. In his behavioral experiments, Skinner discovered that variable ratio reward schedules — where rewards are dispensed only occasionally and unpredictably — are the most effective at reinforcing persistent behavior. For instance, when pigeons were given food after pecking a button — sometimes once, sometimes ten times — the introduction of random intervals led to a noticeable increase in both pecking frequency and intensity. What drove the pigeons’ heightened efforts was the anticipation born of uncertainty.
This same principle underpins human gambling behavior. Slot machines are textbook examples of devices that exploit variable rewards to keep users hooked. Since players never know whether the next spin will hit, the ever-shifting hope of a win becomes the most powerful motivator. Some gamblers will continue playing mechanically for extended periods, captivated not by consistent rewards but by the mere possibility of a jackpot.
Neuroscientific research confirms that the brain’s dopamine circuits are especially sensitive to these fluctuating rewards. When outcomes are hard to predict, neural activity surges; when rewards become expected and routine, dopamine responses diminish. This helps explain why gamblers are often fixated on high-risk, low-probability bets: the uncertainty itself becomes a source of excitement, regardless of the actual odds of success.
III. Variable Rewards and the Allure of High-Frequency Trading
The behavior of trading perpetual crypto futures closely mirrors the psychological mechanisms of gambling discussed above. Investors engage in high-frequency buying and selling, constantly facing highly uncertain outcomes in terms of profits and losses. It is precisely this variable reward structure that fuels trading addiction and the compulsive need to monitor the market in real time.
In perpetual futures markets, prices fluctuate rapidly and intensely, with every trade yielding immediate yet unpredictable feedback. This environment is functionally equivalent to placing bets in a casino — traders commit capital to wager on uncertain price movements, hoping for variable and unforeseeable returns. In fact, researchers have compared intraday trading of stocks and cryptocurrencies to gambling addiction, pointing out striking similarities in their psychological profiles: both involve repeated monetary wagers on unpredictable outcomes, producing a stream of inconsistent rewards that typify gambling disorders.
Each time a trader opens their trading app or refreshes price charts, it’s akin to pulling the lever of a slot machine — perhaps they’ll see portfolio gains spike (a small win), or perhaps they’ll witness a sharp drawdown or even liquidation (a loss). It is this intermittent reinforcement loop that keeps many glued to the screen, executing trades compulsively, in search of the next emotional high brought on by price volatility.
It’s worth noting that the design of modern trading software and market information delivery significantly amplifies this addictive dynamic. Mobile trading platforms constantly push price alerts, profit/loss notifications, and other stimuli that keep users tethered to the market. This mechanism mirrors how social media platforms hook users through intermittent rewards. Rapidly refreshing candlestick charts and fluctuating profit-and-loss figures provide traders with a stream of short-cycle, high-frequency micro-rewards and punishments — essentially a series of quick, consecutive “mini-gambles.”
In such an environment, some investors begin to exhibit classic compulsive behavior: obsessively monitoring the market, unable to look away for fear of missing a profitable move. This hypervigilance is indistinguishable from the trance-like focus of gamblers glued to the roulette wheel. In behavioral finance, this is referred to as the “illusion of control” — an inflated belief that constant monitoring and intervention can master an inherently random system.
In reality, uncertainty is the market’s baseline state. Yet it is precisely this lack of control that psychologically drives traders to keep trying, just like the pigeons in B.F. Skinner’s experiments who endlessly pecked at a lever in the hope of receiving the next food pellet.
IV. The Slot Machine That Never Sleeps: 24/7 Markets and the Perpetual Swap
The perpetual swap exists within the 24/7 framework of the crypto market — a structure that further reinforces the gambling-like nature of trading and its accompanying psychological traps. Traditional equity markets have defined opening and closing hours, giving traders natural pauses for rest and reflection. But crypto markets run around the clock, never closing, allowing investors to open and close positions at any time. It’s as if the casino has been placed in everyone’s pocket — bets can be placed at any hour, and the doors never shut.
This always-on environment closely resembles the instant gratification offered by slot machines: there’s no need to wait for others or for scheduled playtimes — just insert your stake and spin again. Likewise, perpetual swap traders can gain or lose money at any moment, with no “halftime break” enforced by the market. This uninterrupted exposure eliminates behavioral friction that might otherwise encourage restraint.
Psychological studies warn that if traditional financial markets were to adopt 24/7 trading, they could trigger public health risks similar to those seen with online gambling. An environment without breaks can significantly exacerbate compulsive trading behavior, allowing dopamine-fueled speculation to spiral unchecked. For retail traders lacking self-control, this continuous accessibility becomes a constant source of temptation. Without weekends or nighttime closures to impose cool-down periods, they may find themselves trading around the clock — leading to both mental and physical exhaustion.
The combination of high leverage and 24/7 accessibility further replicates the classic slot machine loop of “insert coin — pull lever — instant outcome.” Many crypto trading platforms allow users to apply leverage of several times, even up to 100x, magnifying both the gains and losses from each price movement. This mirrors increasing the bet size on a slot machine — both risk and potential reward scale up together, making it easier for participants to fall into the impulse of “going all in.”
In a market that never sleeps, leveraged trading creates a perpetual high-speed game: prices can surge or plunge within minutes, and account balances can change dramatically in seconds. Traders’ brains are kept in a constant state of arousal. As some experts have pointed out, day trading and crypto derivatives speculation share deep psychological similarities with sports betting and casino gambling. In all cases, participants place frequent bets on volatile, short-term outcomes, receive instant win/loss feedback, and are emotionally reinforced by social validation.
Dopamine-fueled emotional swings define the entire experience — anticipation of profit, euphoria upon winning, frustration and denial after losses — all coalescing into an addictive emotional roller coaster. And with perpetual markets running 24 hours a day, that roller coaster is always ready for another ride, with virtually no moment of forced exit.
From the perspective of casino operations, nonstop activity and high unpredictability are key drivers of profitability. Studies show that modern casinos allocate over 80% of their floor space to slot machines and other electronic gambling devices, as these offer purely random payouts that best keep gamblers engaged for long periods. Likewise, crypto trading platforms leverage similar human vulnerabilities by offering high-frequency trading interfaces, leverage tools, and round-the-clock markets — ensuring users always have both the opportunity and the incentive to place another trade.
In crypto markets, the funding rate mechanism requires long and short position holders to periodically pay or receive fees every eight hours. This introduces a layer of micro rewards and penalties during the course of a trade, akin to “interest” that rewards or punishes a position while the trader awaits price movement. While the mechanism is designed to keep perpetual contract prices anchored to spot indices, psychologically it shortens the reward cycle even further — traders receive a mini profit or loss update every few hours (e.g., longs pay and shorts earn under positive rates, and vice versa). It’s reminiscent of a slot machine that offers minor wins or losses every few spins, continually reinforcing user engagement.
Evidently, the 24/7 structure of perpetual contract markets has “gamified” trading behavior to a certain extent: the loop of instant trading, instant settlement, and instant feedback places users in a psychological state akin to that of video gaming or gambling. During periods of extreme market volatility, this structure further encourages irrational decision-making — since a potential windfall or a chance to recover losses can appear at any moment, traders struggle to restrain themselves from acting. As one research report noted, extending trading hours to a round-the-clock schedule significantly increases compulsive trading tendencies among retail investors. Without natural pauses on weekends or at night, many fall deeper into dopamine-driven speculative behavior from which they cannot easily disengage.
Some behavioral treatment centers have already flagged a rise in cases of “crypto trading addiction”: reports indicate that after 2020, around 10% of clients sought help for compulsive trading — a phenomenon that was nearly nonexistent before. This indirectly confirms the addictive risk posed by 24-hour products like perpetual contracts. When financial markets resemble “casinos that never close,” certain participants begin to exhibit symptoms similar to those of slot machine addicts — ultimately requiring professional intervention to escape the cycle.
V. From Rational Trading to Speculative Addiction: How Retail Investors Slip into the Perpetual Trap
From the perspectives of behavioral finance and cognitive psychology, retail investors’ susceptibility to addiction in perpetual contract trading is not merely driven by the lure of profits. A deeper explanation lies in the complex interplay between the brain’s reward-punishment system and cognitive biases. The fluctuating feedback of gains and losses forms a classic “dopamine reward loop”: each time before opening a position, the brain anticipates the possibility of a windfall. Even if the trade ends in loss, the anticipation itself is enough to activate the brain’s reward mechanisms. This mirrors the logic behind slot machine design — where the sensation of “almost winning” is itself addictive, regardless of the unfavorable actual odds. When markets become highly volatile, this heightened state of arousal is amplified. Trading ceases to be a disciplined execution of strategy and instead morphs into a hormone-driven impulsive act.
At the same time, “loss aversion” drives retail traders to resist cutting their losses. The psychological pain of losing is often far greater than the pleasure of an equivalent gain. Faced with a loss, individuals tend to double down to average down their entry, deny the situation, or simply close the app to avoid facing reality — instead of exiting rationally. This hesitation often turns a small loss into a deep, irreversible hole. Conversely, when in profit, the fear of seeing those gains evaporate leads many to close positions prematurely. In contrast, professional traders are more likely to treat losses as part of the planned cost of doing business, adhering to strict stop-loss discipline. This divergence in “emotional resilience” is what ultimately separates long-term outcomes between the two groups.
A more fundamental issue lies in retail traders’ overestimation of their own control. A few short-term successful trades are often misattributed to skill rather than luck, fostering the illusion that the market can be conquered. This “illusion of control” encourages frequent trading, attempting to substitute effort for systematic discipline — only to deepen the trader’s entanglement with market noise. Psychologically, this behavior creates a sense of agency: traders feel they are “in charge of the outcome” rather than subject to market forces. In contrast, seasoned professionals understand that market uncertainty can never be fully tamed. Instead of resisting it, they rely on risk management tools to adapt.
The community environment amplifies individual perceptions. Screenshots of profits posted by KOLs and tales of overnight riches construct an illusory template for success, while FOMO fuels the fear of missing out on “the next 100x token.” Within these communities, structures of recognition subtly reinforce this mindset: failure is romanticized as a style, and liquidation can even be worn as a badge of honor. This group reinforcement makes it harder for individuals to break free — “betting” is no longer a solitary decision, but a form of social participation. And thus, the addiction loop quietly completes itself.
VI. The Chasm in a Zero-Sum Game: Contrasting Professional Trading and the “Retail Perpetuals Model”
In the world of financial trading, a vast gulf separates professional traders from retail participants engrossed in short-term perpetual contracts. The former operate with validated positive expected value (EV) strategies, grounded in statistical edge and disciplined execution, aiming for consistent profits across a large sample of trades. The latter, by contrast, are often lured by the uncertain reward mechanisms of perpetual swaps, turning trading into an impulsive, gambling-like behavior that fuels a cycle of irrational addiction.
A positive expected value (EV) strategy refers to one in which each trade, over the long run, has a mathematically positive expected return. Such strategies rely on repeatable trading edges rather than luck and emphasize winning through probabilities. Professional traders do not blindly gamble — they identify advantaged trades by analyzing market structure, statistical patterns, and fundamental data, seeking opportunities where the odds and risk-reward ratios are tilted in their favor. As long as the strategy has a statistical edge over a large number of trades, even if individual positions incur losses, the cumulative outcome remains profitable. This mirrors how casinos earn by maintaining a probabilistic edge: professional traders strive to act as the “house,” not the uninformed gambler.
Professional traders commonly adopt positive EV strategies such as, but not limited to, the following:
● Statistical Arbitrage: This involves using quantitative models to identify short-term price discrepancies between correlated assets and executing paired trades to capture profits. Typically, the strategy involves market-neutral positions (going long and short on related assets simultaneously) to isolate gains from overall market movements. Profits are earned as the price spread mean-reverts. This strategy usually offers a high win rate but low per-trade returns, requiring high-frequency trading and rigorous risk management to accumulate small wins into meaningful gains. Risk controls — such as stop-losses — are essential to contain losses when model assumptions break down.
● Trend Following: This strategy seeks to profit from capturing mid- to long-term price trends. Traders follow predetermined rules to enter trades when a clear upward or downward trend emerges, and exit decisively with a stop-loss when trends reverse. Classic trend-following emphasizes discipline and systematic thinking — excluding subjective bias and emotional interference by strictly adhering to model signals. Because strong trends often produce large gains that exceed small stop-loss losses, this strategy typically yields a “small loss + large win” payoff structure, resulting in positive long-term expectancy.
● Market Making: Market makers continuously quote both bid and ask prices, aiming to profit primarily from the bid-ask spread. They serve as liquidity providers for the market, earning consistent spread income regardless of market direction through two-way transactions. By managing inventory and implementing hedging strategies, they minimize net directional exposure and reduce the risk of losses from unilateral price movements. This strategy typically boasts very high win rates and extremely small profits per trade, but benefits from high trade frequency and risk diversification, resulting in a smooth and steadily rising long-term equity curve.
● Delta/Gamma-Neutral Options Arbitrage: This strategy seeks to profit from risk premiums embedded in option pricing. Traders construct delta-neutral portfolios (e.g., selling options while hedging with the underlying asset) to neutralize sensitivity to small price movements in the underlying. The focus is then on earning from the time decay of options (Theta) or from changes in implied volatility. By dynamically rebalancing the portfolio to maintain Delta and Gamma neutrality, traders effectively eliminate directional risk and capture returns similar to collecting option “insurance premiums.” As long as implied volatility is appropriately priced, the strategy holds positive expectancy statistically. With built-in hedging, the strategy tends to have controlled volatility, though it requires sophisticated risk management and continuous monitoring.
Despite the differences among the strategies mentioned above, they all share common foundations: rational planning, rigorous risk control, and a long-term perspective. Professional traders apply a slow-thinking, systematic approach to both strategy formulation and execution. They rely on data analysis, model validation, and accumulated experience to act with clarity and intention. Before each trade, they ask themselves: “What is the probability of success? What is the risk-to-reward ratio? What is my contingency plan if I’m wrong?” This emphasis on probabilities and statistical edge transforms trading into a disciplined business endeavor, rather than a game of chance.
At the same time, risk management is the cornerstone of professional trading strategies. Professional traders typically limit the risk of each individual trade to a small fraction of their account (e.g., 0.5% to 2%), ensuring that even a series of consecutive losses won’t significantly damage their capital base. They use stop-losses and position size limits to guard against emotional decision-making, and strictly adhere to predefined strategies. When losses occur, professionals tend to follow their rules and cut their losses, conducting post-trade reviews to learn from the outcome — instead of doubling down in a gambler’s attempt to “win it back.” It is precisely this discipline and self-restraint that enables positive-EV strategies to avoid emotional rollercoasters. For many seasoned traders, trading is more about executing a well-defined plan than chasing excitement — they pursue steady long-term growth rather than short-term thrills.
VII. Do Bitcoin Whales Dream of Genius Traders?
“Getting rich through trading” has been seen as the most direct and thrilling path. One could enter and exit anonymously, without the constraints of trading hours or the gatekeeping of traditional financial institutions. Coupled with leverage tools, near-instant execution, and the ability to go long or short, the crypto market appeared to offer traders a tailor-made arena for “infinite games.” However, this decentralized freedom — alongside the seductive narrative of rapid wealth — has quietly transformed trading into something akin to gambling. Many newcomers to the market believe they are chasing the frontiers of financial technology, unaware that they’ve already fallen into the psychological trap of addiction-driven speculation.
In truth, the development of Web3 has never been solely about speculation. The on-chain world is not just a casino for “24/7 screen-watchers,” but an experimental ground aiming to reshape mechanisms of trust, models of collaboration, and the ownership of data. Innovations like DeFi, DAOs, RWAs, on-chain identity, and privacy-preserving computation all represent evolving frontiers in this space. Perpetual contract trading is merely one subset — albeit a large one with significant participation — but it is not the essence of blockchain, nor is it a path everyone must take. Choosing not to trade, not to leverage, not to chase highs is also a legitimate form of participation. Whether it’s developers getting paid in ETH, DAO community members contributing to governance proposals, or long-term holders treating Bitcoin as a store of value — they don’t need to be genius traders to find their place in this emerging landscape.
What makes the world of Web3 so complex and captivating is that it’s not a world with standard answers. Speculation and construction coexist; narratives and technologies carry equal weight; whales and ordinary people share the same liquidity pool. Some get rich flipping perpetual contracts, while others walk away for good after a single liquidation. Some teams reshape industries by building protocols, while some individuals earn economic rewards through active community participation. Finding one’s own pace and path is the key to long-term survival.
So the next time we open our trading app and search for opportunity amid the flickering red and green candles, perhaps it’s worth asking: has that silent and anonymous Bitcoin whale ever dreamed of becoming a genius trader, grinding day and night in front of the charts?
Follow us
Twitter: https://twitter.com/WuBlockchain
Telegram: https://t.me/wublockchainenglish

Tether said it plans to launch GEL₮, a stablecoin backed by the Georgian lari, with support from the Georgian government. GEL₮ is designed to lower transaction costs, enable near-instant settlement, programmable payments, and digital value transfer. Georgia has advanced its digital asset and stablecoin regulatory framework, covering reserve management, redemption rights, issuer oversight, and AML compliance, while seeking substantive compatibility with emerging U.S. stablecoin rules, including the GENIUS Act.

Coinbase CEO Brian Armstrong said the financial system still needs to complete eight major upgrades, including RWA tokenization, 24/7 global trading, stablecoin payments, AI-driven financial services, self-custody wallets, and innovation-friendly regulation. He said the future financial system will become more global, more on-chain, and more automated.

From May 18 to May 22 (ET), spot Bitcoin ETFs recorded net outflows of $1.257 billion, spot Ethereum ETFs saw net outflows of $216 million, spot SOL ETFs recorded net inflows of $15.63 million, spot XRP ETFs saw net inflows of $22.04 million, and spot HYPE ETFs recorded net inflows of $72.38 million.

Ethereum co-founder Vitalik Buterin said in a post on X that the Ethereum Foundation has decided to use its remaining resources to prioritize long-term sustainability rather than expanding the breadth of its activities, which means the foundation will sell less ETH going forward.

BitMine Chairman Thomas Lee said in a post on X that FTSE Russell has released its preliminary inclusion and deletion lists, with BitMine (BMNR) on the preliminary inclusion list for the large-cap Russell 1000. Its market cap is above the $5.7 billion minimum threshold for large-cap inclusion. Lee said many active managers only buy Russell 1000 constituents, and it is also estimated that passive index funds or ETFs typically hold 20% to 25% of a stock’s market cap.

Strategy Executive Chairman Michael Saylor said in a post on X that the company bought bonds, not Bitcoin, this week. The accompanying chart shows that as of May 24, 2026, Strategy’s Bitcoin reserve was valued at approximately $64.45 billion, with total holdings of 843,738 BTC and an average cost of $75,701; the company has made 110 purchases since August 10, 2020.

Highlight Clip
Michael Saylor: Bitcoin's Growth Will Outpace the S&P 500
On May 22, 2026, Michael Saylor stated Bitcoin will outperform the S&P 500, expecting 30% growth. He believes converting Bitcoin capital gains into an 11.5% tax-deferred credit dividend offers yield beating traditional money markets.
Saylor noted the credit market will absorb all organic Bitcoin supply from miners. Tokenization creates a free capital market, breaking banking monopolies and increasing asset velocity.

Highlight Clip
Michael Saylor: Does not rule out Strategy selling some Bitcoin by year end
On May 21, 2026, Strategy Executive Chairman Michael Saylor responded to market speculation regarding potential Bitcoin sell-offs during an interview on Natalie Brunell's show. He stated that the company takes a matter-of-fact approach to its asset management.
Saylor believes that to achieve the ultimate goal of maximizing bitcoin per share by 2033, the company will flexibly allocate assets, which may include a mixed strategy of selling equity and credit instruments, as well as managing USD and cash reserves. Consequently, he acknowledged that he does not rule out the possibility of selling some bitcoin before the end of the year.

Vitalik：EF Is Not Ethereum’s Center, but a Smaller Node With a Clear Mission
Vitalik Buterin said the Ethereum Foundation is not the “center” of Ethereum, but one node with a clearly defined purpose. He said the EF will become smaller, more long-term-oriented and more opinionated, focusing its limited resources on Ethereum’s core priorities, including censorship resistance, capture resistance, openness, privacy and security, rather than broadly taking on ecosystem-building functions.
He added that ETH is Ethereum’s most financially valuable product, but some of the work needed to support ETH as an asset falls outside the EF’s scope and should be carried by other organizations in the ecosystem.

StablR Stablecoins Depeg After $13.5M Multisig Exploit
According to The Block, Tether- and Kraken-backed stablecoin issuer StablR saw its EURR and USDR stablecoins depeg after an attacker exploited a 1-of-3 multisig wallet and minted $13.5 million in unbacked tokens. EURR fell to $0.85 while USDR dropped as low as $0.40. The attacker reportedly swapped over $10 million worth of tokens for ETH.

Asia's weekly TOP10 crypto news: China Cracks Down Illegal Cross-border Trading, India Blocks Kalshi and Polymarket, Russia Monitors Large Crypto Transactions, Hong Kong’s CRS2.0 Expands to Crypto, Tether Registers Trademark in Korea. For the complete article and weekly curated reports, subscribe to our Substack: