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Toncoin has announced the permanent closure of its cross-chain bridge and Token Bridge (bridge-v3.ton.org) on September 1, 2026. According to Odaily, during the transition period leading up to the closure, all proportional cross-chain fees have been waived. Users who have utilized the bridge are advised to check their wallets and complete any pending or unclaimed asset withdrawals before the deadline. After September 1, 2026, the bridge will cease all transfer functions.
Users holding Wrapped TON on Ethereum or BNB Smart Chain should bridge back to the TON network via bridge-v3.ton.org before the deadline. Those holding j-tokens such as jUSDT, jUSDC, jDAI, and jWBTC need to bridge back to the Ethereum network.
All submitted transfers have been processed, and any executed but unclaimed transfers have had their on-chain fees covered and settled by the system. Since June 2026, the bridge oracle has exited staking but will continue to operate until the final closure. Users must complete all asset migrations by the deadline to avoid being unable to perform cross-chain operations.

Bitcoin has broken below the critical $75,000 support level, sliding to $74,720 on Friday — its lowest level in May and a significant technical breakdown — as Kevin Warsh was sworn in as Federal Reserve chairman, consumer sentiment fell to an all-time low, and rate hike odds climbed above 70% for year-end. The move validates the downside risk analysts had flagged and puts the next support zone between $71,000 and $73,000 squarely in focus heading into a three-day weekend.The decline came in thin Friday afternoon trading without a single obvious catalyst — a slow, persistent drift lower that is often more concerning than a sharp news-driven move because it reflects sustained selling pressure rather than a reactive flush.Ether, Solana, and XRP fell more sharply than Bitcoin on a percentage basis.Warsh sworn in, promises reformKevin Warsh was officially sworn in by President Trump as the 17th Federal Reserve chairman on Friday morning, replacing Jerome Powell who remains at the Fed as a governor. In his remarks at the White House ceremony, Warsh signaled a reform-oriented approach to the institution."I will lead a reform-oriented Federal Reserve, learning from past successes and mistakes, both escaping static frameworks and models, and upholding clear standards and integrity and performance. Today marks a return to an institution that I do in fact cherish," Warsh said.Markets will be closely parsing every subsequent Warsh communication for signals about his rate path intentions — particularly given the stagflationary data he inherited on day one.Consumer sentiment crashes to record lowThe University of Michigan Consumer Sentiment Index for May fell to a record low of 44.8 on Friday — well below the prior reading of 48.2 and far beneath economist forecasts of 48.2. The Expectations Index also hit a record low of 44.1. Both readings represent the most pessimistic consumer outlook in the survey's history.More alarming for the inflation picture, the UMich 1-year Consumer Inflation Expectations Index rose to 4.8% from 4.5%, while the 5-year Inflation Expectations Index climbed to 3.9% from 3.4%. Rising long-term inflation expectations are among the most difficult signals for a central bank to manage — when households entrench expectations of higher future prices, the inflation itself becomes harder to dislodge without aggressive tightening.The combination of record-low sentiment and rising inflation expectations is a textbook stagflation signal, presenting Warsh with an immediate and acute policy dilemma on his first day in office.Rate hike odds above 70%CME FedWatch now shows more than a 70% probability of one or more rate hikes by year-end — a complete reversal from February's 96% rate cut expectations. The shift reflects the cumulative weight of back-to-back hot CPI and PPI prints, oil above $100 driven by the ongoing Iran conflict, and now Friday's record-low consumer sentiment accompanied by rising inflation expectations.Trump appointed Warsh expecting he would move quickly to cut rates. The data he is inheriting makes that expectation increasingly incompatible with maintaining the Fed's inflation credibility.Critical support broken — what comes nextBitcoin's break below $75,000 is technically significant. Analysts had identified the $74,000 to $75,000 zone as the second major support level after $76,000 — the area where broader demand was expected to step in. With price now testing the lower end of that band at $74,720, the next meaningful support identified by analysts sits between $71,000 and $73,000. Below that, MN Capital founder Michael van de Poppe has previously flagged the local low near $65,000 as the deeper support level if the current weakness extends.The break below $75,000 also puts Bitcoin's monthly performance firmly in the red relative to its approximately $77,000 opening level for May — threatening the three-consecutive-months-in-the-green streak that Fundstrat's Tom Lee had flagged as a key bull market confirmation signal.With more than a week remaining in May and a three-day weekend ahead, the path back above $77,000 will require either a significant reversal in the macro narrative or a crypto-specific catalyst strong enough to overcome the weight of stagflation data, 70% rate hike odds, and a Fed chair whose first day coincided with Bitcoin breaking to monthly lows.

A new bipartisan bill introduced in the US House of Representatives would establish a formal strategic Bitcoin reserve for the US government — but with a significantly more conservative structure than previously proposed legislation, dropping the ambitious target of purchasing 1 million Bitcoin in favor of a 20-year lock-up on existing government holdings and a budget-neutral approach to any future accumulation.
The American Reserve Modernization Act of 2026, known as ARMA, was introduced by Representatives Nick Begich and Jared Golden. It represents the most concrete legislative step yet toward formalizing the US government's Bitcoin holdings as a strategic national asset — while deliberately avoiding the fiscal commitments that made earlier proposals more politically contentious.
What ARMA proposes
Under ARMA, all Bitcoin currently held by the US government — primarily seized through criminal and civil forfeiture proceedings — would be placed into a strategic reserve and locked for a minimum of 20 years. During that period, the Bitcoin cannot be sold, exchanged, auctioned, mortgaged, or otherwise disposed of under any circumstances.
After the 20-year lock-up period expires, the Secretary of the Treasury may recommend selling up to 10% of reserve assets within any two-year window — a gradual and limited release mechanism designed to prevent the kind of large-scale government Bitcoin sales that have historically created downward price pressure when seized assets were auctioned.
The bill also requires federal agencies to disclose all digital asset holdings within 60 days of enactment, implement quarterly reserve proof disclosures, conduct independent third-party audits of Bitcoin holdings, and submit to congressional oversight — transparency mechanisms designed to give the public and lawmakers ongoing visibility into the size and security of the reserve.
How ARMA differs from the BITCOIN Act
The key distinction between ARMA and the previously proposed BITCOIN Act is the elimination of a specific purchase target. The BITCOIN Act had called for the US government to acquire 1 million Bitcoin within five years — a proposal that generated significant attention but also significant political resistance given the fiscal implications of purchasing approximately $75 billion to $80 billion worth of Bitcoin at current prices.
ARMA takes a different approach. Rather than requiring new purchases, it focuses on formalizing and protecting existing government holdings while instructing the Treasury and Commerce Departments to study ways to increase holdings through budget-neutral means — methods that would not require direct congressional appropriations. That framing makes the bill considerably easier to advance politically, removing the most contentious fiscal element while preserving the strategic intent.
A separate independent digital asset inventory would also be established under the bill to manage non-Bitcoin crypto assets held by the federal government — creating a parallel structure for the broader digital asset holdings that the government has accumulated through forfeiture.
Why the 20-year lock-up matters
The 20-year holding requirement is the bill's most significant structural feature. It directly addresses one of the primary criticisms of government Bitcoin holdings — that seized assets would eventually be sold into the market through auctions, creating recurring supply overhangs. By legally prohibiting disposal for two decades, ARMA would effectively remove the US government's estimated Bitcoin holdings from market supply for a generation.
The US government currently holds an estimated 200,000 or more Bitcoin from various forfeiture cases, including the Silk Road seizure and the Bitfinex hack recovery. At current prices around $74,720, those holdings represent approximately $15 billion in assets. Locking that supply away for 20 years while simultaneously signaling that the government views Bitcoin as a strategic reserve asset sends a meaningful long-term signal to markets — even without any new purchases.
Market implications
ARMA's introduction arrives at a moment when Bitcoin is trading at monthly lows near $74,720, ETF outflows have accelerated, and sentiment sits firmly in Fear territory. The bill does not provide an immediate price catalyst — it is early-stage legislation that faces a long road through committee, full chamber votes, Senate consideration, and presidential signature before becoming law.
But its bipartisan sponsorship and its deliberate avoidance of the politically difficult purchase mandate make it a more viable legislative path than its predecessors. If ARMA advances, it would represent the first formal statutory recognition of Bitcoin as a US strategic reserve asset — a development with long-term institutional significance that goes beyond the immediate price impact of any single week's trading, according to The Block.

The U.S. Securities and Exchange Commission (SEC) has approved the listing of index options based on Bitcoin prices on Nasdaq. According to ChainCatcher, this development indicates a further integration of Wall Street with the digital asset market.
This new product will offer U.S. stock traders an additional method to speculate on Bitcoin price movements, alongside existing options like the iShares Bitcoin Trust ETF and similar fund options.

Monero has launched its latest graphical wallet software, GUI 0.18.5 'Fluorine Fermi,' which is recommended for users to update due to multiple security vulnerability fixes. According to ChainCatcher, the update includes several core optimizations such as adjusting the P2Pool installation path to the local application data directory on Windows systems, enhancing the parsing logic for extreme scenarios involving uniform resource identifiers, and disabling offline transaction creation in long payment ID mode. Additionally, the update introduces unsafe text escape handling during QR code scanning and upgrades the P2Pool program to version 4.15, addressing various minor program issues. Monero has made this version available on GitHub for users to download and upgrade, ensuring they receive the latest security patches and stability improvements.

US spot Bitcoin ETFs have recorded approximately $1.26 billion in cumulative net outflows over the past six trading days, with Bitcoin now trading around $74,720 after failing to hold above $80,000 in May. The scale of the redemptions has intensified bearish sentiment across crypto markets — but crypto analytics platform Santiment is making a contrarian case: that the outflows may represent a buying opportunity rather than a warning sign.
Santiment's contrarian read: retail impatience, not smart money exits
Santiment argued in a recent report that ETF fund flows reflect retail sentiment more than changes in institutional or smart money positioning. In the firm's view, the current wave of outflows is being driven by retail investors losing patience after Bitcoin's failure to sustain a move above $80,000 — not by the kind of coordinated institutional exit that typically precedes deeper structural declines.
The firm noted that historically, sustained ETF outflows have often corresponded to phases that are "suitable for patient accumulation" rather than genuine market panic — periods where surface-level selling pressure masks underlying demand from longer-term holders who are quietly absorbing supply at depressed prices.
If Santiment's framework is correct, the current outflow wave — however alarming in headline terms — may be closer to a sentiment washout than a structural breakdown, creating the conditions for a recovery once retail sellers are exhausted.
The mainstream view: outflows signal further downside
Santiment's contrarian interpretation diverges sharply from the consensus. Most analysts continue to treat sustained spot Bitcoin ETF outflows as a reliable indicator of weakening institutional sentiment and a precursor to further price pressure. The ETF holder base, which entered primarily through the 2024 and 2025 inflow waves, has a well-documented tendency to sell aggressively when prices approach their average cost basis — a dynamic K33 Research identified as a key driver of the current outflow acceleration near the $83,000 breakeven level for many ETF holders.
With Bitcoin now at $74,720 — below the $76,000 and $75,000 support levels analysts had flagged as critical — the mainstream view that outflows signal further downside has so far been borne out by price action.
Seyffart's longer-term frame: $60 billion in cumulative inflows
Bloomberg ETF analyst James Seyffart offered a third perspective that sits between the two. Seyffart noted that cumulative net inflows into spot Bitcoin ETFs since their January 2024 launch have approached $60 billion — a figure that has essentially recovered the impact of approximately $9 billion in outflows that occurred between last October and this February. In that context, the current $1.26 billion six-day outflow is a relatively modest disruption to a much larger and more durable inflow trend.
Seyffart also expects the scale of ETF inflows to reach new all-time highs as more ETF products launch in the future — citing the expanding product pipeline across issuers and asset classes as a structural driver of continued institutional demand that the current outflow wave does not fundamentally alter.
What it means for Bitcoin now
The three perspectives on the current outflow data — Santiment's contrarian buy signal, the mainstream bearish read, and Seyffart's long-term structural optimism — reflect genuine uncertainty about whether Bitcoin's break below $75,000 marks a tradeable bottom or the beginning of a deeper move toward the $71,000 to $73,000 support zone analysts have identified as the next meaningful floor.
What all three perspectives share is an acknowledgment that the current environment is uncomfortable. Whether that discomfort resolves as a buying opportunity for patient capital or as the prelude to further downside will depend on the same variables that have driven Bitcoin's performance all month — the trajectory of inflation data, Federal Reserve policy signals from the new Warsh-led Fed, and the geopolitical situation in Iran that has kept oil elevated and risk appetite suppressed throughout May.

The U.S. Ninth Circuit Court of Appeals has denied the requests from Kalshi and Polymarket to pause enforcement lawsuits in Nevada and Washington state. According to Foresight News, the court ruled that the platforms did not demonstrate that proceeding in state court would cause irreparable harm, nor did they establish that the federal court has jurisdiction over federal issues in these cases. As a result, the lawsuits will continue in state courts.

CoinMarketCap's Altcoin Season Index has decreased by one point, reaching 36, this index measures the performance of the top 100 cryptocurrencies against Bitcoin over the past 90 days, indicating whether 75% of these altcoins have outperformed Bitcoin.

Bank of America's first-quarter 13F filing disclosed nearly $53 million in cryptocurrency ETF and related concept stock holdings. According to NS3.AI, BlackRock's IBIT was the bank's largest crypto ETF position, valued at approximately $37 million. The filing also indicated significantly reduced Ethereum ETF holdings and approximately $660 million in Strategy shares.

Bill Ackman's Pershing Square Capital Management acquired 5,654,078 shares of Microsoft, valued at $2.092 billion, in the first quarter of 2026. According to NS3.AI, the fund also decreased its holdings in Uber, Alphabet Class A, Alphabet Class C, and Meta during the same period.

The Bank of England has initiated a formal consultation as of May 18 to explore the extension of Real-Time Gross Settlement (RTGS) and Clearing House Automated Payment System (CHAPS) towards nearly 24/7 settlement operations. According to NS3.AI, the proposal includes the introduction of a potential Sunday settlement day and selected UK bank holidays, although no changes are expected before 2029, with extended hours not anticipated before 2031.
In addition to the settlement extension, the Bank of England and the Financial Conduct Authority (FCA) have outlined a joint vision for tokenization. The Prudential Regulation Authority (PRA) has also released updated guidance concerning tokenized asset exposures, deposits, e-money, and stablecoins. This move reflects a broader effort to adapt to evolving financial technologies and enhance the efficiency of financial transactions.

JPYC Corporation, the issuer of the yen stablecoin, has announced the completion of its Series B funding round, raising a total of 5 billion yen (approximately $31.4 million) through two phases. According to PANews, the round saw participation from four new investment entities: Life Design Fund, IHD STRATEGY FUND, Awagin Future Creation Investment Limited Partnership, and Meiji Yasuda Future Co-creation Investment Limited Partnership. The funds will be used to expand the ecosystem in the financial and Web3 sectors, further accelerating the adoption of the JPYC yen stablecoin.

U.S. President Donald Trump announced that negotiators would review Iran's latest proposal later in the day, assessing the likelihood of reaching a favorable agreement at 50/50. According to NS3.AI, Trump indicated that a decision on whether to resume military action could be made by Sunday.

Grayscale has highlighted the significance of Sui's gasless stablecoin transfers, noting that they address a key friction point in payment systems. According to NS3.AI, this development follows the complete implementation of the feature on Sui's mainnet.

Fenwick & West, the former lead outside counsel for FTX, has agreed to pay $54 million to settle claims alleging the firm facilitated the exchange's $8 billion fraud. According to BeInCrypto, the preliminary settlement was filed in a Miami federal court and awaits judicial approval. Plaintiffs argued that Fenwick went beyond routine legal counsel, crafting strategies that enabled FTX's fraudulent activities. Despite the settlement, Fenwick maintains it was unaware of any wrongdoing. This settlement is part of a broader wave of legal actions following FTX's collapse in November 2022.

Van de Poppe has suggested that HYPE could potentially rise to $100 or more if the appetite in the crypto market continues to grow. According to NS3.AI, he also highlighted NEAR and Bittensor as promising AI infrastructure investments.

Hyperliquid's HYPE token has reached a new all-time high following the launch of two HYPE ETFs in the U.S., according to CoinDesk. Michael van de Poppe, a prominent crypto trader, noted that European traders are increasingly turning to Hyperliquid due to limited access to perpetual futures trading on regulated platforms in Europe. He highlighted Hyperliquid's expansion into tokenized stocks, commodities, and pre-IPO assets as a driver of broader tokenization trends in crypto markets. Van de Poppe also sees AI-linked crypto projects as undervalued, citing NEAR and Bittensor as strong infrastructure plays. He warned that while Hyperliquid benefits from concentrated liquidity, competition could challenge its market position. Van de Poppe views Solana as a more attractive long-term investment due to its transition to an institutional blockchain ecosystem.

Binance Wallet announced on X that Binance Alpha will be the first platform to feature Solstice (SLX) on May 25. Eligible users will have the opportunity to claim their airdrop using Binance Alpha Points on the Alpha Events page once trading opens. This initiative marks the introduction of Solstice (SLX) to the platform, providing users with a new digital asset to explore.
The airdrop will be accessible to users who have accumulated sufficient Binance Alpha Points, allowing them to participate in the event. This approach aims to engage the community by offering rewards to active participants. Further details regarding the airdrop and trading specifics are expected to be announced soon. Users are encouraged to monitor Binance’s official channels for the latest updates on the event and any additional information that may be released.

An elderly couple in Southern California is at risk of losing their longtime home after falling victim to a scam. According to NS3.AI, scammers impersonating FBI agents convinced the couple to convert approximately $850,000 into cryptocurrency and transfer it to them. This incident highlights the growing threat of scams targeting vulnerable individuals, particularly involving digital currencies.

Argentina's Ministry of Human Capital has rolled out the Digital Twin initiative, designed to simulate the effects of social policies before they hit the market. According to NS3.AI, the promo video for the initiative got some flak due to various hiccups, including grammatical slip-ups, the use of an AI-generated avatar of Minister Sandra Pettovello, and the unexpected appearance of a Singaporean flag alongside an Amazon AWS logo. Opposition senator Agustin Rossi has put in a formal request for info about the initiative. Plus, privacy experts are raising red flags, pointing out that there’s no governance framework in sight for the project.

The prediction market Polymarket has observed significant fluctuations in the odds for the 'Any Player Pentakill' option in the 'LoL: Invictus Gaming vs. ThunderTalk Gaming (BO5) - LPL Play-In' event. According to ChainCatcher, the probability for this option has plummeted from 50% to 24.95% within the past hour, marking a 25.05% decrease. Stakeholders are advised to consider the impact of this sudden change.

Mediators have indicated that the United States and Iran are nearing an agreement to extend the current ceasefire by 60 days. According to NS3.AI, Alhadath reported that Iran has proposed maintaining uranium enrichment levels below 3.6% for a period of 10 years.

U.S. President Donald Trump has convened a meeting with his national security team to discuss potential military action against Iran, though no formal decision has been made. According to Odaily, Trump expressed a desire to allow more time for diplomatic negotiations after being briefed on discussions with Iran. However, he maintained the option of military action should talks fail.
The report indicates that mediators are actively pursuing diplomatic efforts, with the immediate goal of establishing a memorandum of understanding to extend the ceasefire and set a framework for further negotiations. The parties are currently at an impasse over which issues should be included in the negotiation framework and which should be deferred for later discussions.
According to U.S. officials, if a limited agreement cannot be reached, the U.S. and Israel may launch a short-term military strike on Iran within days to pressure Iran into concessions. Some of Trump's advisors and conservative figures believe that a limited strike could provide the U.S. with more leverage in negotiations.

Peter Schiff has renewed his criticism of Strategy, formerly known as MicroStrategy, arguing that the company's five-year Bitcoin accumulation strategy has resulted in a negative total return. According to BeInCrypto, Schiff claims that Strategy has invested approximately $64 billion into Bitcoin since adopting its treasury strategy, yet the total return remains negative as of May 23. He further criticizes the company's STRC preferred stock structure, which he argues relies on Bitcoin appreciating by 30% annually to fund its 11.5% dividend. Schiff has labeled the structure a Ponzi scheme, suggesting that weak Bitcoin performance undermines Strategy's ability to issue new shares at a premium, thus limiting capital for dividends.

Bloomberg ETF analyst James Seyffart has observed that Wall Street is discreetly increasing its Bitcoin holdings despite the cryptocurrency's lackluster price performance. According to NS3.AI, Seyffart noted that spot Bitcoin ETFs are experiencing significant demand from asset managers.

Rosenblatt analyst Barton Crockett has maintained a hold rating on GOOGL as of May 21, 2026. According to NS3.AI, Crockett projects a maximum high of $393 for the stock. GOOGL closed Friday at $382.97, having risen from $273 in late March to $404 in early May.

SharpLink, an Ethereum treasury company listed on Nasdaq, announced on Platform X that it will be included in the Russell 2000 and Russell 3000 indexes. According to Odaily, this inclusion will take effect at the start of U.S. stock trading on June 29, 2026, coinciding with the semi-annual rebalancing of the Russell indexes.

Analyst Murphy has observed that during the bear market bottoms of February 2019 and January 2022, the number of Bitcoin (BTC) in loss was approximately 10.6 million. According to ChainCatcher, if the current bear market follows this pattern, the bottom price could be around $60,000. When the amount of BTC in circulation reaches a critical loss threshold, supply may become exhausted, making it difficult for prices to fall further. On February 5, 2026, when BTC fell to $60,000, the loss amount was nearly 9.93 million. If it returns to 10.6 million, the current BTC holding structure's loss amount may coincide with previous bear market bottoms.

According to ChainCatcher, the prediction market Polymarket has seen significant fluctuations in the win probability for Nongshim Red Force in the 'LoL: Nongshim Red Force vs. Hanwha Life Esports (BO3) - LCK Round 1-2' event. The probability for Nongshim Red Force to win has plummeted from 40.5% an hour ago to 10.5%, marking a 30% decrease. This change highlights the impact of recent developments on market expectations.

Iranian Foreign Ministry spokesperson Ismail Baghaei stated that the current focus is on finalizing a memorandum of understanding with the United States. According to Odaily, Baghaei described the mediation process with the U.S. as "time-consuming and laborious" due to longstanding hostilities. He mentioned that discussions have been held on points of disagreement and wording, with some suggestions still under review and parties expressing their opinions, as reported by the Islamic Republic News Agency. Baghaei also expressed gratitude for Pakistan's mediation efforts.
Baghaei noted that Iran has decided to concentrate negotiations on ending wars on all fronts, including Lebanon. The details of nuclear discussions will not be addressed at this stage, and whether these discussions will occur in 30 or 60 days is a matter for the future.

PopDEX has successfully closed a $30 million strategic seed round, led by Foresight Ventures, marking a significant investment in the trader-focused perpetual decentralized exchange (perp DEX). According to BeInCrypto, the funding will be utilized to seed liquidity, conduct security audits, and expand the team ahead of a broader product rollout. This comes amid a downturn in crypto venture funding, which saw its weakest month since early 2025, with April's funding dropping 74% month-over-month to $660 million across 62 deals. PopDEX aims to differentiate itself by aligning incentives with active traders, addressing criticisms of previous perp DEX launches.

The proposed U.S. CLARITY Act, which aims to regulate passive hold-to-earn yields, could pave the way for a Yield-as-a-Service market. According to NS3.AI, Joe Vollono noted that the legislation might drive the cryptocurrency sector towards more active and compliant yield strategies. The bill has successfully passed the U.S. Senate Banking Committee and is anticipated to proceed to a full Senate vote.

A spokesperson for Iran's Foreign Ministry stated that a nuclear agreement is both "very far, yet very close." According to NS3.AI, the spokesperson noted that U.S. officials frequently alter their positions, impacting the progress of the negotiations.

Binance Wallet announced on X that it has optimized its Meme Rank feature to better reflect real user participation. The update shifts the focus from mere hype to actual user activity, emphasizing holder count and trading activity. This change aims to assist users in discovering trending meme tokens more efficiently.
The optimization of the Meme Rank is designed to provide a more accurate representation of user engagement with meme tokens. By concentrating on metrics such as the number of holders and trading activity, Binance Wallet seeks to offer a clearer picture of which meme tokens are gaining traction among users. This adjustment is part of an effort to enhance the user experience by aligning rankings with genuine user interest and activity.
This update is expected to help users navigate the meme token landscape more effectively, allowing them to identify tokens that are not only popular but also actively traded and held by a significant number of users. The focus on real user participation is intended to provide a more reliable indicator of a token's popularity and potential for growth. Users are encouraged to explore the updated rankings to discover trending meme tokens.

Significant financial activity has been observed on the prediction market Polymarket, according to ChainCatcher. A large whale investor made a substantial purchase of $77,594.71 in the event predicting whether the Iran ceasefire will last until May 23. Based on the current transaction price, the latest implied probability of this outcome is 89.58%.

According to ChainCatcher, data from Coinglass reveals that a whale on the Hyperliquid platform currently holds positions totaling $4.38 billion. Long positions account for $2.15 billion, representing 49.17% of the total, while short positions amount to $2.23 billion, making up 50.83%. The long positions have an unrealized loss of $49.41 million, and the short positions have an unrealized loss of $5.54 million.
Notably, a whale address, 0x8def..ae, has taken a 5x leveraged short position on HYPE at a price of $45.3003, with an unrealized loss of $17.62 million.

Hermes has launched three new skills for its users, expanding its offerings beyond work-related functions. According to NS3.AI, the new skills include Zoltar, Antiscammer, and Book-Mirror. Zoltar provides divination tools, allowing users to explore various forms of fortune-telling. Antiscammer is designed to flood scam messages, offering a layer of protection against fraudulent communications. Book-Mirror offers personalized book analysis, giving users insights and summaries tailored to their reading preferences. These additions aim to enhance user experience by providing diverse and engaging functionalities.

Joe Vollono highlighted that Section 404 of the proposed Clarity Act could transition crypto yield from passive hold-to-earn products to compliant use-to-earn strategies. According to NS3.AI, the bill has passed the Senate Banking Committee and is anticipated to advance to the full Senate before House reconciliation.

HSBC has reported a bond sell-off that has driven the 30-year Treasury yield to 5.19% and the 10-year yield to 4.667%. According to NS3.AI, the Bureau of Labor Statistics announced that the Consumer Price Index (CPI) increased to 3.8% in April, surpassing the consensus forecast of 3.7%. Financial experts Steve Sosnick and Ian Lyngen have cautioned that continued increases in yields could exert pressure on stock markets.