Live Feed

Hyperliquid is evolving beyond a simple decentralized exchange (DEX) into an on-chain "Wall Street platform," CryptoSlate reported. The price of HYPE recently surpassed $60, marking a year-to-date increase of over 120% and pushing its market capitalization past $15 billion. This performance contrasts with the bearish trends of major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) during the same period. According to the report, Hyperliquid is expanding its institutional fund inflows by integrating brokerage, exchange, and custody functions into a single environment. The publication also noted that prediction market Polymarket currently gives HYPE an approximately 30% chance of reaching $100 by the end of the year.

Rising U.S. Treasury yields are weakening investor sentiment for high-risk assets like Bitcoin (BTC), according to a CoinDesk analysis. The outlet noted that the appeal of allocating funds to BTC is diminishing as government bond yields rise in the U.S. and other major countries. Additionally, geopolitical tensions related to Iran are stoking fears of supply disruptions in the Strait of Hormuz, prompting some speculative capital to shift toward commodities such as crude oil, copper, and sulfur. This trend is reflected in continued outflows from U.S. spot BTC ETFs, which recorded approximately $1.26 billion in net outflows this week, marking the largest weekly withdrawal since January of this year. Combined with about $1 billion in outflows from the previous week, the cumulative net outflow over the past two weeks has surpassed $2.26 billion.

South Korean crypto exchange Bithumb announced it will temporarily suspend USDT withdrawals via the Tron network starting at 11:25 a.m. UTC today. The suspension is due to a system check on its Tether (USDT) wallets.

An early Ethereum holder, often referred to as an OG, purchased 3,942 ETH ($8.08 million) over the past 24 hours at an average price of $2,049, Lookonchain reported. The same address acquired 12,001 ETH 10 years ago from the Swiss cryptocurrency exchange Shapeshift at an average price of $7.58. Last year, the address sold ETH valued at $34.3 million at an average price of $2,856.

Iran's foreign minister has held a second meeting with Pakistan's army chief of staff, according to Iranian state TV. The meeting followed earlier discussions regarding a proposal from the Iranian side. Separately, an Iranian Foreign Ministry spokesperson stated that significant differences remain between the U.S. and Iran.

A Chinese court has finalized a sentence of 12 years and seven months in prison for a man who stole and sold his acquaintance's Bitcoin. According to the People's Procuratorate of Changshan District in Fuzhou City, the man, identified as Lin, was asked by the victim, Wang, for help cashing out Bitcoin in late 2020. During the process, Lin secretly obtained the private key to Wang's crypto wallet from his computer and transferred four BTC to his own account. He then sold the assets, making an illicit profit of approximately 900,000 yuan (about $124,000). Wang discovered the missing assets in 2024 and reported the theft, leading to Lin's arrest. An appellate court upheld the original sentence, which also included a fine of 300,000 yuan (about $41,000).

Jeffrey Huang, a well-known Taiwanese celebrity and crypto whale, has lost approximately $33 million on his ETH futures investments. He recently closed most of his 25x leveraged ETH long position, with some of his holdings being forcibly liquidated. His remaining Ethereum balance is now around 1,700 ETH.

Bitcoin's rally is losing its upward momentum, according to an analysis by on-chain analyst XWIN Japan Research. In a contribution to CryptoQuant, the firm argued that while BTC rebounded sharply from its April low to briefly recover to $82,000, the rise was driven more by speculative demand in the futures market than by actual spot buying. "One of the most important signals is that BTC faced resistance near its 200-day moving average of around $82,400," the analysis stated. "This is similar to the pattern in March 2022, when BTC also saw a strong rebound, met resistance in the same range, and then reversed into a downtrend." The firm added that BTC demand has shrunk as buying pressure from futures weakened sharply following the liquidation of long positions above the $80,000 level. Simultaneously, growth in spot demand has slowed, with spot BTC ETFs recording consecutive net outflows after seeing large net inflows earlier this month. "If a correction continues, the $70,000 area is the key support line," XWIN Japan Research concluded.

Major exchanges have seen $322 million worth of futures liquidated in the past hour. In the past 24 hours, $890 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $75,000. BTC is trading at $74,887 on the Binance USDT market.

Major exchanges have seen $103 million worth of futures liquidated in the past hour. In the past 24 hours, $670 million worth of futures have been liquidated.

The recent net outflow of over $1 billion from U.S. spot Bitcoin ETFs could represent a buying opportunity, according to an analysis by Santiment reported by Cointelegraph. The firm suggests that ETF fund flows can act as a contrarian indicator, as they tend to reflect retail investor sentiment more strongly than institutional sentiment. While the market generally interprets consecutive net outflows from BTC ETFs as a bearish signal, Santiment argues the current trend is closer to a market reset than a sign of excessive fear. The report also noted that such periods of sustained outflows have often created favorable conditions for long-term investors to accumulate positions incrementally.

Uniswap has put forward a governance proposal to expand its protocol fee-based UNI buyback and burn mechanism to the BNB Chain, Polygon (POL), and Celo (CELO) networks. The proposal will utilize an expedited process introduced through a governance overhaul known as "UNIfication." Under this new procedure, proposals related to fee updates will bypass the standard Request for Comments (RFC) stage and proceed directly to a five-day Snapshot vote, followed by an on-chain governance vote.

Police in São Paulo, Brazil, and power company CPFL Piratininga have uncovered a Bitcoin (BTC) mining farm using illegal electricity, seizing approximately 1,400 mining rigs, local media outlet Livecoins reported. The unauthorized electricity consumption at the site is estimated to be equivalent to the monthly usage of approximately 2,000 homes.

JPMorgan's tokenization platform, Kinexys, has surpassed $1.5 trillion in cumulative transaction volume since its launch in 2020, FinanceFeeds reported. The platform currently processes over $2 billion in transactions daily.

The European Central Bank (ECB) has warned that euro-denominated stablecoins could lead to a reduction in bank lending and complicate the implementation of monetary policy. According to Reuters, Bruegel, a Brussels-based economic think tank, proposed at an EU financial policy meeting that liquidity regulations for cryptocurrency issuers be eased and that the ECB provide liquidity support to bolster the competitiveness of euro stablecoins. Central bank officials, including ECB President Christine Lagarde, immediately opposed the proposal. They argued that such measures could destabilize bank deposits, thereby weakening the vital banking sector and the central bank's ability to adjust interest rates.

The U.S. Federal Deposit Insurance Corporation (FDIC) has released new regulations outlining compliance standards for stablecoin issuers under the Bank Secrecy Act (BSA) and economic sanctions rules. According to the new provisions, stablecoin issuers must comply with all relevant laws, including those for Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), economic sanctions programs, and various reporting requirements. These obligations also cover rules from the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC).

Nasdaq-listed mining company Bitdeer has sold all of its mined Bitcoin again this week. The company announced that it sold a total of 201.6 BTC.

MicroStrategy Chairman Michael Saylor has suggested the company might sell some of its BTC holdings this year. In an interview with Natalie Brunell of Coin Stories, Saylor said he would not rule out the possibility of selling some BTC between now and the end of the year, Cointelegraph reported. He explained that the company could pursue a strategy of holding U.S. dollars and cash alongside the sale of stock and credit products. Saylor added that MicroStrategy is managing its assets in a prudent and systematic way using a multi-variable model, emphasizing that the key goal is to maximize the amount of BTC held per share in seven years.

U.S. spot Ethereum ETFs saw approximately $6.6 million in net outflows on May 22, marking the 10th consecutive day of withdrawals, according to data from Farside Investors. - BlackRock's ETHA: -$5.6 million - Fidelity's FETH: -$1 million

U.S. spot Bitcoin ETFs saw a net outflow of $105.2 million on May 22, marking the sixth consecutive day of net outflows, according to data from Farside Investors. - BlackRock's IBIT: -$68.9 million - Fidelity's FBTC: -$36.3 million

Whale Alert reported that 407,945,512 USDT has been transferred from an unknown wallet to OKX. The transaction is valued at about $407 million.

Whale Alert reported that 407,945,512 USDT has been transferred from OKX to an unknown wallet. The transaction is valued at about $407 million.

An address believed to belong to a16z Crypto, the crypto investment arm of Silicon Valley venture capital firm Andreessen Horowitz (a16z), has withdrawn 114,533.98 HYPE worth $6.45 million from exchanges and market makers over the past 24 hours, according to analysis from on-chain analyst ai_9684xtpa. The address has accumulated 5.93 million HYPE, valued at approximately $240 million, since the beginning of 2026, with profits reaching $86.72 million.

Bitmine has been added as a new constituent to the preliminary list for the 2026 Russell 3000 index, announced by FTSE Russell. The list is subject to several adjustments, with final inclusion in the index typically taking effect at the end of June.