📰 News Events
1.Base Network Upgrade
Binance will suspend Base network deposits and withdrawals on May 21 at 17:00 UTC to support a hard fork. Trading remains unaffected. Deposits resume once the network stabilizes.
2.Kevin Warsh Confirmed Fed Chair
The US Senate confirmed Kevin Warsh as Federal Reserve Chair with a 54-45 vote. He replaces Jerome Powell, whose term ends May 15. This shift may impact crypto regulatory expectations and monetary policy.
3.CLARITY Act Stalls in Senate
Bipartisan talks on the CLARITY Act broke down over last-minute disagreements. The markup is now expected to be partisan, delaying crucial DeFi regulatory clarity that Aave's Stani called vital for developers.
4.Trump-Xi Summit Begins
President Trump met President in Beijing, joined by Elon Musk, Tim Cook, and Jensen Huang. Discussions cover trade, tariffs, rare earths, and AI, with markets watching for deals that could boost risk assets.
5.BitGo Q1 Revenue Surges
BitGo reported Q1 2026 revenue of $3.77 billion, up 112.6% YoY, driven by stablecoin services. However, net loss widened to $60.7 million due to a decline in the value of its 2,449 BTC holdings.
6.Hyperliquid Fees Surge
Hyperliquid generated $11 million in weekly fees, surpassing Ethereum ($3M) and Solana ($2M) combined. The platform captured 43% market share, driven by high perpetual contract trading activity.
🐋 Whale Movements
138M USDC transferred from an unknown whale to Aave, signaling significant stablecoin deployment into DeFi lending protocols
a16z-linked wallet bought 50,168 HYPE ($1.97M), adding to a $69.43M position despite being down $6M unrealized
Two Ethereum ICO participants woke up after 10.8 years, moving 840 ETH ($2.7M) to new wallets, realizing 7,303x returns.
$BTC $ETH $BNB #LatestCryptoUpdate #Basenetworkupgrade #PredictionMarketRisingCompetition