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21Shares is set to launch its Hyperliquid (HYPE) ETF today, May 12, according to a post on X by Bloomberg ETF analyst Eric Balchunas. The fund will trade under the ticker 'TYPE' and has a management fee of 0.30%.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Bitcoin mining firm MARA Holdings (MARA) reported first-quarter revenue of $174.6 million, an 18% decrease from the same period last year, The Block reported. The company's net loss for the period widened to $1.3 billion, reflecting an unrealized valuation loss on its 38,689 BTC holdings. In a letter to shareholders, the company stated that Bitcoin mining remains the foundation of its operations and that it will maintain the business as its core focus, unlike some of its competitors.

Bitcoin miner CleanSpark recorded a net loss of $378.3 million in the second quarter, a 173% increase from the $138.8 million loss in the same period last year, The Block reported. This loss includes a $224.1 million impairment charge on its Bitcoin (BTC) holdings. As of March 31, the company's BTC holdings were valued at approximately $925.2 million. During the same period, Bitcoin mining revenue fell by about 25% year-over-year to $136.4 million. CleanSpark has also been accelerating its expansion into the artificial intelligence (AI) and high-performance computing (HPC) infrastructure business, in line with recent industry trends.

Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated on social media on May 12 that there is no alternative to accepting the rights of the Iranian people as specified in the country's 14-point proposal. He stressed that any other approach would only repeat fruitless failures, adding that the longer it takes, the greater the burden on U.S. taxpayers. On May 2, Iran's Tasnim News Agency had previously reported the contents of the latest proposal, which was delivered to the U.S. through Pakistan. The 14-point plan focuses on ending the war and includes the following key demands: - Guarantees against the recurrence of military aggression - Withdrawal of U.S. forces from regions near Iran - Lifting of the naval blockade - Release of frozen assets - Payment of reparations - Lifting of sanctions - Realization of peace on all fronts, including Lebanon - Establishment of a new management system for the Strait of Hormuz U.S. President Donald Trump said on the same day that he would review Iran's new proposal but commented that he could not imagine it would be acceptable.

U.S. President Donald Trump said that more tariffs are needed.

Research and brokerage firm TD Cowen has stated that an upcoming vote on the CLARITY Act, scheduled for May 14, is not the final step toward its passage. According to The Block, Jaret Seiberg of TD Cowen's Washington Research Group explained in a report that the vote is more of a transition point to move the bill to the Senate floor rather than its final approval. He noted that significant challenges remain for the bill to be enacted this year. Seiberg highlighted that the Democratic Party is likely to be cautious about supporting the bill unless it includes provisions to prevent conflicts of interest related to the Trump family's cryptocurrency businesses. At the same time, President Trump is unlikely to sign legislation that would restrict his family's crypto ventures. If these issues are not resolved, Seiberg suggested the bill's passage could be postponed until after 2027, with the implementation of final regulations potentially delayed until 2029.

The three major U.S. stock indices closed higher today. - S&P 500: +0.19% - Nasdaq: +0.1% - Dow Jones: +0.19%

Analyst Doctor Profit has analyzed the current Bitcoin (BTC) rebound, calling it a bull trap and identifying the $82,000 to $85,000 range as an optimal zone for building short positions. He explained that the current rise is merely a technical rebound and the mid-$80,000s are likely to be a local top. Mirroring a strategy he used when shorting around the $120,000 level last year, he is adding 10% of his funds to a short position daily within this range. Doctor Profit noted that while market sentiment could become extremely optimistic in the coming days or weeks, a significant drop is likely to follow, potentially sending prices below $50,000 in the long term.

An Iranian official has revealed that serious disagreements persist between Iran and the United States in their nuclear negotiations, particularly concerning the handling of enriched uranium, the timeline for ceasing enrichment activities, and war reparations. According to the official, the U.S. is demanding that Iran surrender its stockpile of 60% enriched uranium, opposing its transfer to Russia and instead proposing it be moved to a third country. Iran, however, objects to sending the enriched uranium abroad but is prepared to dilute it domestically under the supervision of the International Atomic Energy Agency (IAEA).

Whale Alert reported that 220,000,000 USDC has been transferred from Paxos to Ethena. The transaction is valued at about $220 million.

Payward, the parent company of crypto exchange Kraken, is seeking to raise new capital at a valuation of $20 billion, Unfolded reported.

Cryptocurrency analyst Michaël van de Poppe has expressed skepticism about the theory that Bitcoin (BTC) will bottom out in October of this year. He stated on X that the most overextended view in the market currently is the scenario where BTC forms a bear flag and then hits a bottom in October. According to him, when many people anticipate the same outcome, it becomes less likely to materialize. "The current price base BTC is forming is very strong, and the current market environment is completely different from the 2022 bear market," he added. "I don't see a repeat of the same outcome as in the past." Van de Poppe cited several bullish factors for BTC, including: - The Nasdaq reaching an all-time high - This week's vote on the CLARITY Act - A potential announcement from the U.S. White House regarding a strategic Bitcoin reserve - The issue of the next Federal Reserve (Fed) Chair

According to CoinNess market monitoring, BTC has risen above $82,000. BTC is trading at $82,012.12 on the Binance USDT market.

Binance claims that its AI-based risk management system, introduced in 2025, has prevented approximately $10.53 billion in potential user losses and protected over 5.4 million users through the first quarter of 2026. According to a new AI security report from the exchange, the system blocked around 22.9 million fraud and phishing attempts in the first quarter of 2026 alone, safeguarding an estimated $1.98 billion in funds. Binance added that it is deploying more than 100 AI models to detect a range of risks, including deepfakes, phishing, and social engineering attacks.

Gold-based DeFi project Creek Finance has launched its mainnet on the Sui blockchain, the project announced on its official X account. Creek utilizes the gold-pegged token XAUm from real-world asset (RWA) firm Matrixdock to offer users services such as staking, yield farming, and lending. In a related statement, the Sui team noted that the launch enables its network users to borrow, swap, and earn interest using tokenized physical gold as collateral, activating what it described as a new yield-generating layer for gold on the platform.

Stablecoin startup Boundary Labs is preparing to launch USBD, a verifiable stablecoin designed exclusively for institutions, The Block reported. The company recently raised $2 million in a seed round led by Galaxy Ventures.

Crypto custody and banking firm Anchorage Digital has announced it will hand over leadership of the USDG stablecoin project to the consortium of participating institutions, which includes Robinhood and Kraken. According to CoinDesk, Anchorage CEO Nathan McCauley stated that the company still supports the USDG project, hopes for its success, and will continue to participate. However, he noted that Anchorage may no longer take a leading role as it has in the past. McCauley explained this shift is intended to strengthen the firm's neutrality regarding stablecoins, adding that it is reasonable to adopt a neutral stance rather than favoring a particular one.

Whale Alert reported that 206,082,300 USDC has been transferred from an unknown wallet to Paxos. The transaction is valued at about $206 million.

U.S. President Donald Trump has stated that a diplomatic solution to a potential war with Iran is still possible.

U.S. President Donald Trump stated that oil and gasoline prices will plummet once issues with Iran are resolved.

The altcoin market is building momentum for a rally, according to CryptoQuant. The analytics firm cited trading volume data on centralized exchanges (CEX), stating that a recent surge in short-term altcoin volume relative to its long-term average is a signal of capital rotating from major coins into small and mid-cap altcoins.

On-chain analyst Maartunn noted on X that while new USDT issuance has been quiet in recent days, Bitcoin's rally has continued. He added that this differs from the rally over the past two weeks, which was supported by large-scale USDT minting from Tether. Commenting on this, The Crypto Basic observed that from late 2024 through most of 2025, sharp price increases tended to coincide with surges in USDT issuance. The outlet suggested that these spikes, often occurring just before or during Bitcoin price climbs, indicated that new liquidity was fueling the gains. However, the current situation is different, and a sustained bull market without new stablecoin inflows could point to a stronger, more durable trend.

U.S. President Donald Trump stated that the ceasefire agreement is in jeopardy.

At a press conference currently underway at the White House, U.S. President Donald Trump said Iran cannot have nuclear weapons. Trump emphasized that his plan is simple: to prevent Iran from obtaining nuclear weapons.