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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.

The People's Bank of China (PBOC) announced it has held its benchmark Loan Prime Rates (LPR) steady. The one-year LPR, which serves as the standard for most loans, remains at 3.0%, while the five-year LPR, a key reference for mortgages, is unchanged at 3.5%.

An anonymous whale with an address starting in 0x0bb8 has purchased 11,206 AAVE at an average price of $89.24 and deposited the tokens into Aave V3, Onchain Lens reported. The purchase is valued at $1 million. Onchain Lens added that the address currently holds 5,007 ETH ($10.56 million) and is likely to purchase additional AAVE.

An anonymous whale with an address starting 0xde42 has sold 50,000 HYPE ($2.41 million) and opened a 10x short position on the asset over the past 10 hours, Lookonchain reported. The short position is valued at 223,404 HYPE ($10.55 million).

Algorand-based privacy protocol HermesVault has shut down after approximately 261,000 ALGO ($29,466) was stolen from the service, lead protocol engineer Giulio Pizzini announced on X. He explained that while the zero-knowledge (zk) circuit itself was secure, a flaw in the key reset defense logic of the withdrawal verification script allowed a hacker to bypass zk verification and withdraw the funds. Pizzini added that the vulnerability has been patched and 230,000 ALGO has already been refunded. Victims of the remaining 30,000 ALGO theft can receive a full refund by proving ownership of their address and providing a secret note.

The reserve structures of Tether's USDT and Circle's USDC are effectively similar to speculative hedge funds, argued Christoph Hock, Head of Digital Assets and Tokenization at major German asset management firm Union Investment. Speaking at the London Digital Money Summit 2026, Hock noted that Tether in particular is increasing its exposure to gold and Bitcoin. He explained that while companies adopt stablecoins as a simple cash-like payment method, their actual structure resembles an investment portfolio exposed to market volatility. "If a loss occurs, as it did when USDC depegged by around 13% in the past, it would be a disaster for institutions," Hock said. He added that the core credibility of stablecoins lies in their "cash equivalency," but their reserves are actually managed to pursue profits by including risky assets. "This makes it difficult for those considering adopting stablecoins to view them as safe assets," he concluded.

Lookonchain reported that an address linked to leading Silicon Valley venture capital firm Andreessen Horowitz (a16z) has purchased an additional 200,000 HYPE ($9.95 million) over the past 10 hours. The address has now bought a total of 2.34 million HYPE, valued at $102 million, since April 14.

The dollar-won exchange rate surpassed 1,510 in early trading, continuing its upward trend from yesterday. The rate is currently trading at 1,511.33 won, up 0.31% from the previous day. On South Korean exchange Upbit's KRW market, USDT is priced at 1,490 won, indicating a reverse kimchi premium of around 1.5%.

Another 500 BTC linked to Irish drug dealer Dubliner Clifton Collins has been moved after being dormant for about 10 years, Arkham (ARKM) reported via X. Collins originally stored 6,000 BTC, earned from growing and selling marijuana between 2011 and 2012, across 12 separate addresses. After his arrest in 2017, the funds were believed to be lost or confiscated by the court. This follows a similar movement of 500 BTC from an address associated with Collins this past March.

An address believed to belong to the U.S. government has transferred funds seized from FTX and Alameda Research to Coinbase, Onchain Lens reported. The transfer included 319 ETH, worth $670,000, and a combined $930,000 in USDT, DAI, and USDC.

The Spot CVD is an order book analysis chart for the BTC/USDT spot pair. The top section shows the Volume Heatmap, while the bottom section represents the Cumulative Volume Delta (CVD). - The Volume Heatmap at the top tracks the volume of trades at specific price levels. The background color becomes brighter when the price lingers in a certain range or moves significantly. Areas with brighter colors may act as potential support and resistance levels. - 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. The yellow line indicates orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.