Live Feed

Crypto wallet Sorted Wallet has raised $4.4 million in a seed funding round, The Block reported. The round was led by Tether and Gnosis, with participation from Movement, Angel Invest, and others. The funds will be used to expand operations in South Africa and South Asia.

BTC perp long/short ratios on top exchanges by open interest The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 50.23% long, 49.77% short - Binance: 48.05% long, 51.95% short - OKX: 49.67% long, 50.33% short - Bybit: 50.19% long, 49.81% short

Binance founder Changpeng Zhao has urged developers to periodically replace API keys stored in their code, amid growing concerns in the crypto industry over a recent GitHub hack. GitHub previously confirmed that a hacker stole 3,800 repositories after installing a malicious extension on an employee's device to gain access. The company added that no damage to customer or project accounts has been confirmed so far and that an investigation is ongoing. BeInCrypto noted that the incident has heightened tensions in the crypto market, as exposed API keys could allow attackers to drain trading account balances in minutes or gain access to exchange bots.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom section displays the Cumulative Volume Delta (CVD). - The Volume Heatmap at the top tracks trading volume at specific price levels. The background color brightens when the price lingers in a particular range or experiences significant movement. These brighter areas can indicate potential support and resistance zones. - The Cumulative Volume Delta (CVD) indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. For example, the yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

Binance has announced that it will temporarily suspend deposits and withdrawals for Ethereum-based tokens starting at 5:55 a.m. UTC on May 21 due to wallet maintenance on the Ethereum (ETH) network.

The governor of South Carolina has signed bill S.163 into law, legally protecting the right to self-custody Bitcoin, Cointelegraph reported. The legislation also prohibits discriminatory taxation on Bitcoin and legally protects Proof-of-Work mining activities.

Nasdaq-listed company Tron (TRON) announced it has purchased an additional 140,589 TRX at an average price of $0.3556. The move brings its total holdings to 696.8 million TRX. The company stated that it plans to continue expanding its TRX reserves to enhance shareholder value.

South Korean police have arrested a domestic ring that collaborated with a China-based organization to launder around 110 billion won in criminal proceeds, the Seoul Economic Daily reported. Tether (USDT) was the primary method used, accounting for 72% of the laundered funds. This was followed by schemes disguised as gift certificate businesses (19%) and standard bank transfers (9%). The Seoul Metropolitan Police Agency announced the arrest of 149 individuals, including members of the domestic ring that distributed illegal bank accounts and the Chinese money laundering organization, on charges of violating laws on the concealment of criminal proceeds. Seven of those arrested have been detained.

The appellate trial for the Haru Invest case, involving the alleged misappropriation of 800 billion won (approx. $580 million) in customer crypto assets, has entered a new phase following a change in the judicial panel, according to an exclusive report from Digital Asset. The new court panel has requested additional evidence from both the prosecution and the defense, stating that the initial verdict focused too heavily on business continuity rather than the core issue of fraudulent conduct. The court is scheduled to hear arguments from both sides on July 22 before making a final decision on whether certain actions, such as investing all customer funds with a single firm, constitute fraud.

Binance has announced it will temporarily suspend deposits and withdrawals for tokens on the Polygon (POL) network to support its upcoming upgrade and hard fork. The suspension will begin at 1:00 p.m. UTC on May 21.

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $29.09 million liquidated (69.02% longs) - ETH: $29.87 million liquidated (77.58% longs) - BSB: $7.17 million liquidated (76.08% shorts)

U.S. Bitcoin spot ETFs saw a net outflow of approximately $331.03 million yesterday, according to data compiled by Trader T. This marks the third consecutive trading day of net outflows. - BlackRock IBIT: -$325.57 million - Fidelity FBTC: -$1.67 million - Valkyrie BRRR: -$3.79 million

U.S. spot Ethereum ETFs saw net outflows of $62.27 million on May 19, marking the seventh consecutive day of withdrawals, according to data compiled by Trader T. - BlackRock's ETHA: -$59.37 million - Fidelity's FETH: -$3.68 million - Bitwise's ETHW: +$760,000 - BlackRock's Staking ETHB: +$200,000

Approximately 60 whale addresses holding over 10,000 ETH have either emptied or consolidated their balances over the past two months, according to crypto analyst Ali Martinez. In a post on X, Martinez described the departure of whales in such a short period as a signal of institutional-level profit-taking and asset redistribution. "This suggests they are using recent liquidity to de-risk, indicating weak medium-term investor sentiment," he explained. Martinez added that the decline in whale numbers coincides with recent large inflows to exchanges, concluding that a further decline is likely in the short term and that he is closely watching the $2,000 psychological support level.

Pudgy Penguins (PENGU) has announced an extension of its partnership with English Premier League club Manchester City. The project plans to develop various products for Manchester City fans worldwide, with further details to be announced at a later date.

U.S. digital asset platform Prometheum launched Ethereum (ETH) trading last week for the first time in a decade, but its hard-won regulatory advantage has reportedly become meaningless, according to Decrypt. Since its launch about 10 years ago, Prometheum has raised nearly $100 million and, in 2023, became the first firm in the industry to obtain a special purpose broker-dealer license from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). The move was considered unusual at the time, given the Biden administration's then-critical stance on cryptocurrencies. However, the outlet explained that the regulatory environment has fundamentally changed following a shift in government, with the SEC withdrawing crypto-related lawsuits and investigations. Decrypt added that under the SEC's revised guidance, general broker-dealers can now custody crypto securities under existing customer protection rules, making the specialized license unnecessary and erasing Prometheum's regulatory edge.

An analysis suggests that U.S. investors are actively selling Bitcoin. Cointelegraph reported, citing data from CryptoQuant, that the Coinbase Premium Gap has fallen to negative $77. The Coinbase Premium measures the price difference for an asset between U.S. cryptocurrency exchange Coinbase and Binance.

Venture capital firm Andreessen Horowitz (a16z) may be the largest external holder of Hyperliquid (HYPE), according to on-chain analyst ai_9684xtpa. An address believed to belong to a16z currently holds 9.18 million HYPE, valued at $356 million. The wallet has added 206,000 HYPE ($9.95 million) over the past 11 hours and has purchased a total of 2.35 million HYPE ($102 million) since April 16. With an estimated average purchase price of $38.77, a16z's unrealized profit on its HYPE holdings stands at $79.29 million. The analyst noted that the top five HYPE-holding addresses are all linked to Hyperliquid's own ecosystem supply, suggesting a16z is the largest institutional holder outside the project itself.

Upbit has announced that it will temporarily suspend deposits and withdrawals for Filecoin (FIL) starting at 9:00 a.m. UTC on May 27.

Yorkville America, a financial partner of Truth Social, has withdrawn its applications for three cryptocurrency ETFs, Cointelegraph reported. The withdrawn funds are the Truth Social Bitcoin ETF, the Truth Social Bitcoin & Ethereum Blend ETF, and the Crypto Blue Chip ETF. While Yorkville cited changes to its legal structure as the reason for the withdrawal, the crypto industry points to concerns over a potential conflict of interest for U.S. President Donald Trump and declining demand for crypto ETFs. The proposed ETFs were also expected to struggle with competitiveness due to higher fees compared to those from large asset managers.

CoinMarketCap's Altcoin Season Index is currently at 33, a decrease of two points from yesterday. The index measures whether altcoins are outperforming Bitcoin. An 'altcoin season' is declared when 75% of the top 100 coins, excluding stablecoins and wrapped tokens, perform better than Bitcoin over the preceding 90 days. Conversely, a lower score indicates a 'Bitcoin season.' A reading closer to 100 signals a stronger altcoin season.

Declining trading volume is threatening the profitability of South Korea's major cryptocurrency exchanges, Electronic Times Internet reported. According to data from CoinMarketCap on May 20, Upbit's daily average trading volume in the first quarter of this year was approximately $1.55 billion, a 38.8% decrease from its daily average of $2.53 billion in the second half of last year. During the same period, Bithumb's daily average trading volume fell by 44% to about $647.31 million. When the period is extended from Jan. 1 to May 20, Upbit's daily average trading volume shows a 45.5% drop compared to the second half of 2025. Bithumb's decline was even steeper, with its daily average volume of approximately $599.77 million representing a 48.5% decrease over the same period.

Italy's largest banking group, Intesa Sanpaolo, expanded its cryptocurrency portfolio from $100 million to $235 million between the end of last year and the first quarter of this year, PA News reported. Key adjustments to its portfolio include: - An increased stake in BlackRock's spot Bitcoin ETF. - A larger position in BlackRock's Ethereum staking ETF. - The sale of most of its holdings in the Bitwise Solana staking ETF. - A first-time purchase and increased allocation to Grayscale's spot XRP ETF. The media outlet noted that Intesa Sanpaolo's strategy favors regulated trust products over direct cryptocurrency purchases. It added that the conclusion of XRP's legal dispute with the U.S. SEC and a clearer regulatory environment were key factors in lowering the barrier to institutional entry for the asset.

Whale Alert reported that 500,000,000 USDT has been transferred from Spark to an unknown wallet. The transaction is valued at about $500 million.

An address associated with crypto custody and banking firm Anchorage Digital has withdrawn 121,099 HYPE ($5.87 million) from Bybit, Onchain Lens reported. The address, which starts with 0x4c6B, has purchased 2.34 million HYPE ($112.36 million) over the past month. Most of these tokens were subsequently transferred to other addresses for staking.