News

Bitcoin's recent rise above $80,000 is attributed more to leverage than actual spot demand, according to Wintermute. The firm noted that open interest increased by approximately $10 billion over the past month. According to NS3.AI, Wintermute also highlighted that spot trading volume has dropped to its lowest level in two years, describing the situation as a classic short squeeze setup.

Lawmakers have publicly released the text of the crypto market structure bill ahead of their vote, according to CoinDesk. The bill, which had been circulating within the industry behind closed doors, aims to address regulatory frameworks for the cryptocurrency sector. This move is seen as a significant step towards formalizing the legal landscape for digital assets, potentially impacting market participants and regulatory compliance.

Stellar Development Foundation and the Bermuda government have announced plans to migrate key payment and financial services to the Stellar network. According to Odaily, this initiative aims to establish a 'fully on-chain national economy' in Bermuda, leveraging the regulatory framework of the 2018 Digital Asset Business Act. The plan seeks to significantly reduce payment processing costs for local merchants, which currently range from 3% to 5% or higher.

Under the new system, Bermuda residents will be able to use Stellar network digital wallets to receive salaries, make merchant payments, pay government fees, and hold digital assets. The government will pilot stablecoin payments, and financial institutions will have access to tokenization tools. These assets will also be used in government payment scenarios, including social service distributions.

U.S. inflation data has surpassed expectations, dampening hopes for a Federal Reserve rate cut this year and causing a broad retreat in risk assets. According to Odaily, following the data release, the market anticipates that the Federal Reserve will maintain interest rates between 3.50% and 3.75% at its June 17 meeting, potentially keeping them unchanged through the end of the year.The data's impact led to a short-term decline in Bitcoin, trading around $80,700 to $80,814, with a 24-hour drop of approximately 1.2%. U.S. stock futures also weakened, and the yield on the 10-year U.S. Treasury rose to 4.44%. In commodities, WTI crude oil increased by about 3%, reaching $101, further intensifying concerns over persistent inflation.Analysts note that with inflation exceeding expectations and energy prices strengthening, market risk appetite is suppressed in the short term, putting pressure on the repricing of both crypto assets and equity markets.

Microsoft set a target to achieve a $92 billion return from its early significant investment in OpenAI, according to Bloomberg. This information was revealed during a court hearing on May 11 in Oakland, California, involving a lawsuit filed by Elon Musk against OpenAI and Microsoft. Microsoft CEO Satya Nadella stated in court that the investment was successful because the company took on the associated risks.

Marathon Digital Holdings (MARA) has announced its financial results for the first quarter, revealing a revenue of $174.6 million, which marks an 18% decrease compared to the same period last year. According to NS3.AI, the company emphasized that bitcoin mining continues to be its core operational focus. The net loss for the quarter expanded to $1.3 billion, largely attributed to unrealized losses on the 38,689 BTC held on its balance sheet. In an effort to manage debt and improve financial flexibility, MARA sold approximately $1.1 billion worth of bitcoin towards the end of the quarter.

Federal Reserve President Austan D. Goolsbee stated that the Consumer Price Index (CPI) report for April did not meet expectations. According to Jin10, this development has raised concerns about the inflation trajectory and its potential impact on future monetary policy decisions. Goolsbee's comments highlight the ongoing challenges faced by the Federal Reserve in managing inflationary pressures while supporting economic growth.

OpenAI has announced plans to acquire the consulting firm TOMORO to establish a private equity joint venture. According to Jin10, this strategic move aims to expand OpenAI's influence in the financial sector by leveraging TOMORO's expertise. The acquisition is expected to enhance OpenAI's capabilities in providing AI-driven solutions to private equity firms, marking a significant step in its business diversification efforts.

According to CoinDesk, the Depository Trust & Clearing Corporation (DTCC) will integrate Chainlink's Runtime Environment and data standard into its blockchain-based Collateral AppChain — a Besu-based platform enabling tokenized, 24/7 real-time collateral management across traditional and blockchain markets. Chainlink will handle pricing, valuation, margining, eligibility checks and settlement orchestration. The integration extends a 2024 Smart NAV pilot involving JPMorgan, BNY Mellon and Franklin Templeton. DTCC's subsidiaries processed $4.7 quadrillion in securities transactions in 2025 and custody assets valued at $114 trillion.

Bitcoin Ordinals browser Ord.io announced on the X platform that it will cease operations on June 1. According to PANews, the platform, launched three years ago, has served over one million users. The team plans to upload the complete history of likes, replies, and public address data to GitHub, allowing future developers to build related Ordinals browsing tools based on this data.

Cerebras, a manufacturer of artificial intelligence chips, is set to go public this week with an initial public offering (IPO) valuation of $5.5 billion. According to Jin10, this move is expected to generate a windfall of potentially over $5 billion for OpenAI.

Strategy reported holding 221.9 million TON as of March 31. According to NS3.AI, this position represents 4.29% of the total TON supply. The Nasdaq-listed company disclosed these figures in its latest financial update.

According to ChainCatcher, data from Coinglass reveals that a whale on the Hyperliquid platform currently holds positions totaling $4.279 billion. Long positions account for $2.108 billion, representing 49.27% of the total, while short positions amount to $2.171 billion, making up 50.73%. The profit and loss for long positions is $23.0107 million, whereas short positions have a loss of $55.9643 million.

Notably, a whale address, 0xa5b0..41, has taken a 15x leveraged long position on ETH at a price of $2,265.48, with an unrealized profit and loss of $900,400.

Stream Finance announced on Platform X that it is seeking ways to maximize the value of assets for customers and creditors. According to Odaily, the goal is to integrate, liquidate, and distribute assets prudently and swiftly. The team is considering several strategic alternatives that require the involvement of customers and creditors, with more details expected in the coming weeks. Inquiries can be directed to Jeremiah Ledgwidge at Cooley LLP.

In November last year, Stream Finance reported a loss of $93 million in assets and subsequently suspended withdrawals, leading to a significant de-pegging of XUSD.

Genius Group, a Nasdaq-listed Bitcoin treasury company, has announced a strategic investment of $5 million in digital bank Jewel Bank, acquiring a 9.9% stake. According to Foresight News, Jewel Bank is developing a USD stablecoin, JUSD, which will be backed by a 1:1 reserve of cash and U.S. Treasury bonds, with plans to launch in the second half of 2026. The bank also aims to introduce a real-time settlement system and provide white-label banking and stablecoin infrastructure services for enterprises. This investment marks Genius Group's entry into the regulated digital banking and stablecoin issuance sector.

Blockchain analytics company Elliptic Enterprises Ltd. has successfully raised $120 million in a recent funding round. According to Bloomberg, this investment was supported by Deutsche Bank AG and the venture arm of Nasdaq Inc. The funding comes as major financial institutions continue to broaden their digital asset services.

Elliptic Enterprises Ltd. specializes in blockchain analytics, providing insights and solutions for the digital asset sector. The involvement of Deutsche Bank AG and Nasdaq Inc. highlights the growing interest and commitment of established financial entities in the digital asset space. This funding round marks a significant step for Elliptic in expanding its capabilities and reach within the industry.

On May 12, a significant transfer of ONDO tokens was observed. According to BlockBeats On-chain Detection, the Ondo project's multi-signature address transferred 150 million ONDO tokens seven hours ago. Subsequently, 21.338 million ONDO tokens were moved to centralized exchanges (CEX) one hour ago.

The Chicago Mercantile Exchange (CME) is set to introduce a futures market supported by artificial intelligence. According to Odaily, CME will collaborate with data and analytics company Silicon Data to launch the first computing power futures. This initiative marks a significant development in the integration of AI within financial markets.

Tigress Financial's Chief Investment Officer, Ivan Feinseth, has set a price target of $680 for Microsoft, assigning the stock a strong buy rating. According to NS3.AI, Feinseth highlighted that Microsoft's AI-driven cloud business and increased AI spending are key factors supporting higher-margin growth and sustained subscription revenue.

Analyst Curran has provided insights on the recent U.S. Consumer Price Index (CPI) data. According to Jin10, airline ticket prices increased by 2.8%, while car insurance costs, a significant expense for consumers over the years, rose by only 0.1%. This modest increase in car insurance costs may offer some relief to consumers.

Nick Timiraos, often referred to as the 'Fed's mouthpiece,' commented on the U.S. Consumer Price Index (CPI) data. According to Odaily, he noted that the optimistic view on inflation has been that recent price increases are driven by tariffs, which would affect goods and thus not persist, as tariffs do not continuously elevate prices year after year. However, the CPI data from April does not support this view.

Housing prices rose by 0.6%, which was expected to rebound to compensate for lower data during the government shutdown. Excluding housing, core service prices increased by 0.45%, marking the third-highest month-on-month rise since January 2025. Over a 12-month period, the 3.3% year-on-year increase is the highest since February 2025. Core goods prices rose by 0.03% for the month, with a year-on-year increase of 1.13%.

Strategy has announced a Q&A session for retail investors scheduled for tomorrow at 17:00 Eastern Time. According to Odaily, the event will be hosted by Nat Brunell and will feature Strategy founder Michael Saylor and CEO Phong Le. The discussion will focus on the company's strategy, Bitcoin holdings, and related business developments. This session may serve as a key communication platform for market participants interested in Strategy's digital asset strategy and capital market trends.

Fluid announced on Platform X that damage to Resolv infrastructure has resulted in approximately $21 million in bad debt. According to Odaily, a solution has been devised to address the remaining $19.3 million in debt: Resolv will cover about $9.7 million, Fluid's governance treasury will handle $8.2 million, and the Fluid team will take on $1.5 million. Fluid has destroyed all remaining USR tokens within the protocol at the contract level, allowing users to exchange them directly through Resolv.

To ensure long-term sustainability, Fluid will pause token buybacks, significantly reduce or eliminate FLUID token incentives, and the foundation will halt its monthly $250,000 grant from March to June. Additionally, its Solana DEX is expected to launch within six weeks.

Analyst Curran has commented on the recent U.S. Consumer Price Index (CPI) data, noting that the rent index increased by 0.6%. According to Jin10, Curran emphasized that this rise is partly attributed to data discrepancies caused by last year's government shutdown.

Inflation in the United States has once again surpassed wage growth, marking the first time in nearly three years that Americans are experiencing increased financial pressure. According to Jin10, consumer prices have risen by 3.8% over the past year, while wages have only increased by 3.6%. This disparity indicates a decline in purchasing power for many workers.

U.S. short-term interest rate futures slightly narrowed their earlier losses following the release of inflation data. According to Jin10, the market's reaction came as investors assessed the implications of the latest inflation figures on future monetary policy decisions.

TON Strategy, a Nasdaq-listed company, has released its financial results for the first quarter of 2026. According to Odaily, as of March 31, the company held approximately 221.9 million TON tokens, representing about 4.29% of the total TON supply. Of these, around 221.2 million tokens are staked, accounting for approximately 26.18% of the network's total staked amount.

The company reported an unrealized loss of about $87.9 million in crypto assets due to fluctuations in the market price of TON. The pre-tax net loss amounted to $91 million. Additionally, TON Strategy holds approximately $35 million in cash and restricted cash, with no debt on its balance sheet.

Gold prices experienced a brief rise before declining by approximately $10 following the release of the U.S. Consumer Price Index (CPI) report. According to Odaily, the U.S. dollar index (DXY) saw a short-term increase of about 5 points.

The U.S. Consumer Price Index (CPI) for April, adjusted for seasonal variations, decreased to 0.6%, marking the lowest level since February this year. According to Jin10, this figure aligns with market expectations.

The unadjusted annual food inflation rate in the United States for April increased to 3.2%, according to Jin10. This marks a rise from the previous rate of 2.7%.

The annual rate of unadjusted housing inflation in the United States for April was reported at 3.3%, according to Jin10. This marks an increase from the previous value of 3%. The data reflects changes in housing costs over the specified period.

CryptoQuant's Bull-Bear Market Cycle Indicator has turned green for Bitcoin this week, marking the first occurrence since March 2023. According to NS3.AI, this change coincides with Bitcoin trading at $80,655. Economists are anticipating the April Consumer Price Index (CPI) to be approximately 0.7% month over month and 3.7% year over year. The upcoming inflation data release is expected to be a significant test for this indicator.

Anthropic is reportedly exploring a significant expansion of its partnership with Alphabet, potentially involving a $200 billion agreement for Google Cloud services and custom silicon to enhance the training of its Claude models. According to NS3.AI, this commitment is expected to be distributed over the next five years. Meanwhile, Alphabet's stock, GOOG, was trading at $386 after it was unable to surpass the $400 mark in May.

The ADP employment data for the week ending April 25 indicates a change of 33,000 jobs in the United States. According to Odaily, this figure follows a previous change of 39,250 jobs.

The Depository Trust & Clearing Corporation (DTCC) has announced the integration of Chainlink infrastructure into its Collateral AppChain. According to NS3.AI, this move aims to enhance the platform's capabilities in processing tokenized collateral across both traditional and blockchain networks. In 2025, DTCC subsidiaries processed $4.7 quadrillion in securities transactions, highlighting the scale of its operations.

The Besu-based platform is designed to facilitate 24/7, near real-time pricing, margining, and settlement. This integration builds upon the Smart NAV pilot from 2024, which included collaborations with JPMorgan, Franklin Templeton, and BNY Mellon. The initiative underscores DTCC's commitment to leveraging blockchain technology to improve efficiency and transparency in financial markets.

Michael Saylor recently tweeted about the U.S. Congress advancing the CLARITY Act. According to ChainCatcher, this legislation is expected to unlock the potential of the 'digital capital, digital credit, and digital equity' markets. It is also anticipated to provide Bitcoin with a stronger framework for institutional legitimacy and adoption.

Starknet has launched strkBTC, a new asset based on Bitcoin, designed to enhance privacy through zero-knowledge proof technology. According to Foresight News, the asset aims to provide anonymous transfers while maintaining composability with DeFi applications. After its release, strkBTC supports 're-anonymization,' allowing assets to be bridged back to new, unlinked Bitcoin addresses. It also offers compliance auditing and asset screening features.

According to the announcement from Binance, the platform is launching the 'Team Up for BTC' campaign, allowing users to form teams to purchase Bitcoin (BTC) and share in a 1,000,000 USDC prize pool. The promotion period is set from 2026-05-12 12:00 (UTC) to 2026-05-30 23:59 (UTC). Participants can either build or join teams, with options for 3, 5, or 10-person teams. Each team member must lock 100 USDC to confirm their participation, and once a team is complete, the locked USDC will be converted to BTC at real-time market prices. Rewards will be distributed to participants' Spot accounts within 48 hours of successful conversion.

The campaign includes a reward structure based on team size. For a 3-person team, the leader receives 105 USDC, and each member receives 25 USDC. A 5-person team leader earns 201 USDC, with each member getting 10 USDC. For a 10-person team, the leader's reward is 502 USDC, and each member receives 20 USDC. New users registering with the referral code 'PIZZADAY26' can convert BTC individually and receive 3 USDC if their team does not complete the conversion. Participants are subject to Binance's risk assessment, and failure to pass may result in disqualification from rewards. The campaign is available on a first-come, first-served basis, with limited successful teams per category.

Terms and conditions apply, and only users in eligible regions can participate. Binance reserves the right to amend the terms or cancel the promotion at its discretion. Participants must adhere to Binance's terms of use and privacy notice. The USDC rewards can be used for Spot trading, with withdrawal subject to completing a required trading volume. Binance emphasizes that all participants are subject to internal risk assessments, and any dishonest behavior may lead to disqualification.

Bitdeer has released its production and operations report for April 2026. According to Odaily, the company's self-mining capacity reached 65.5 EH/s, marking a 400% increase compared to the previous year. During the same month, Bitdeer produced 783 BTC, reflecting a 372% year-over-year growth. The new SEALMINER A4 mining machines have entered mass production, featuring an energy efficiency as low as 9.45 J/TH. Additionally, the Tydal hosting lease agreement in Norway is in advanced negotiation stages. The company's AI Cloud business reported an annualized revenue (ARR) of $69 million, with a 60% quarter-over-quarter increase and a utilization rate of 92%.