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Pump.fun has transferred 82,703 SOL, worth around $7 million, to Kraken, according to Onchain Lens.

On-chain analyst ZachXBT has offered a bounty of up to $10,000 for information on alleged market manipulation by the Hong Kong-based market maker Heisenberg Guru (HSBG) on centralized exchanges (CEXs). He described some market makers active on exchanges like Bitget, Binance, and Gate.io as a cancer on the industry, claiming that Asian exchanges are neglecting the issue. ZachXBT stated he would use his personal funds to encourage tips from whistleblowers. The move comes as allegations of CEX market manipulation involving certain tokens, such as RIVER, have recently resurfaced.

Galaxy Digital has obtained a BitLicense and a Money Transmitter License from the New York State Department of Financial Services (NYDFS), according to Foresight News. The move allows the company to legally provide digital asset trading and custody services to institutional clients in compliance with the state's strict regulations.

Payward, the parent company of crypto exchange Kraken, announced it recorded $507 million in adjusted revenue for the first quarter. According to CoinDesk, growth in perpetual futures and the expansion of new business segments offset a slowdown in its core crypto trading business. Total platform trading volume for the quarter reached $357 billion. The company stated that its average daily revenue-generating futures trades increased by 51% year-over-year, attributing the growth to the influence of NinjaTrader, Breakout, and an expansion in its derivatives offerings.

With Bitcoin's price hovering around $76,700, more than 7.8 million BTC are currently held at a loss, according to on-chain analytics firm Glassnode. The firm explained that this indicates a substantial volume of BTC was purchased near recent short-term peaks. For the market to achieve a structural rally, it must first absorb the selling pressure from these holdings.

The three major U.S. stock indices opened higher today. - S&P 500: +0.15% - Nasdaq: +0.14% - Dow Jones: +0.04%

Bitcoin is particularly vulnerable to the threat of quantum computing due to its conservative governance structure and slow protocol upgrade speed, according to a new analysis. In a report cited by CoinDesk, Citi analyst Alex Saunders noted that public keys exposed on-chain, long-dormant wallets, and early pay-to-public-key (P2PK) addresses are the primary points of weakness. This includes the wallet presumed to belong to Bitcoin's creator, Satoshi Nakamoto. According to recent estimates, approximately 6.5 million to 6.9 million BTC have already exposed their public keys, representing about one-third of the total circulating supply and valued at around $450 billion. Saunders pointed out that in the future, quantum computers could potentially forge transactions or steal funds by restoring private keys before transactions are confirmed. He also warned of "harvest now, decrypt later" attacks, where hackers could collect current encrypted data to decrypt it once quantum technology becomes sufficiently advanced.

According to data from RWA.xyz, the market capitalization of on-chain tokenized real-world assets (RWA) has surpassed $33.7 billion, reaching an all-time high. A recent influx of approximately $1.5 billion has primarily flowed into Ethereum-based tokenized U.S. Treasury products. Key growth drivers include Franklin Templeton's new tokenized product, iBENJI, and sustained inflows into BlackRock's BUIDL.

Tom Lee, Chairman of Bitmine (BMNR) and co-founder of Fundstrat, stated in a recent letter to shareholders that he believes Ethereum's drop below $2,200 presents an attractive buying opportunity. Meanwhile, Bitmine purchased an additional 71,672 ETH last week, bringing its total holdings to 5.28 million ETH, valued at $12.6 billion.

Iran has expressed its desire for a long-term, multi-stage ceasefire agreement in its latest proposal, Al Arabiya TV reported. The country is demanding a phased and secure reopening of the Strait of Hormuz, while agreeing to a long-term freeze of its nuclear program rather than a complete dismantlement. Additionally, Iran has suggested it could unconditionally transfer its enriched uranium to Russia, but not to the U.S.

Tron (TRX) founder Justin Sun has deposited 41.99 million SPK ($1.23 million), acquired through airdrops and staking, to the crypto exchange HTX, according to ai_9684xtpa. Since September 2025, Sun has deposited a total of 610 million SPK, worth $19.08 million, to exchanges.

Standard Chartered has projected that the market for on-chain asset tokens will reach $4 trillion by 2028. The bank expects this market to be evenly split between stablecoins and Real-World Asset (RWA) tokens. Geoffrey Kendrick, Head of Crypto Research at Standard Chartered, explained that the core competitive advantage of DeFi is its composability. He described this as a structure where a single asset can simultaneously generate yield, serve as collateral, and provide liquidity. Kendrick noted that implementing such a structure is difficult in traditional finance, as it requires navigating multiple institutions and markets to perform the same functions. He added that while the current scale of on-chain assets remains very small compared to off-chain assets, there is potential for rapid growth in the future.

Tether has announced an investment in financial platform LemFi. LemFi plans to build USDT remittance rails for Africa and Asia.

Digital asset investment products saw a net outflow of $1.074 billion last week, ending a six-week streak of net inflows, CoinShares reported in its weekly fund flow report. This marks the third-largest weekly outflow this year. Bitcoin products experienced $981.5 million in net outflows, while Ethereum products saw $249.3 million withdrawn, the largest amount for the asset since Jan. 30. CoinShares suggested the trend reflects a risk-off sentiment driven by expanding geopolitical risks related to Iran.

Strategy purchased an additional 24,869 BTC last week at an average price of $80,985, for a total of approximately $2 billion. The company's total holdings now stand at 843,738 BTC, with an average cost basis of $75,700.

AEON, a layer project for settlement and payments between AI agents, has raised $8 million in a pre-seed investment round led by YZi Labs, The Block reported. Other participants in the round included IDG Capital, HashKey Capital, and the Stanford Blockchain Builder Fund. In May, AEON launched a payment product that allows AI agents to connect with over 50 million real-world offline merchants. Through its "x402 Facilitator," which runs on the BNB Chain, the project provides transaction verification, on-chain settlement, and the issuance of tamper-proof receipts.

Iran's Islamic Revolutionary Guard Corps (IRGC) is increasingly using stablecoins over Bitcoin as a key tool for funding and trade settlements, BeInCrypto reported, citing a new analysis from Chainalysis. Wallets associated with the IRGC received over $3 billion in assets in 2025 alone, a figure that represents approximately 50% of Iran's total virtual asset trading volume as of the fourth quarter of 2025. Chainalysis estimated that the $3 billion figure is a minimum based on public data and that the actual amount is likely much larger.

The median Spent Output Profit Ratio (SOPR) for the top 500 cryptocurrencies has reached one, indicating a break-even point for investors, on-chain analytics firm Glassnode reported. The firm noted that historically, overall selling pressure has tended to increase in the market immediately after this level is reached, adding that most altcoin investors have been selling at a loss since the end of 2024.

The United States has accepted the lifting of oil sanctions against Iran in a new negotiation document, Iran's Tasnim News Agency reported, citing a source close to the U.S. negotiating team. The U.S. has also reportedly proposed a temporary suspension of related sanctions by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) until a final agreement is reached.

Noted Bitcoin skeptic and gold bull Peter Schiff has pushed back against MicroStrategy founder Michael Saylor's characterization of Bitcoin as a digital skyscraper. Schiff argued that simply holding Bitcoin generates no cash flow. According to BeInCrypto, Schiff also strongly criticized MicroStrategy's Bitcoin-based financial products, such as STRC, labeling them a 'centralized Ponzi scheme' and calling for an investigation by the U.S. Securities and Exchange Commission (SEC).

Volatility in U.S. Treasuries, a weakening Japanese yen, and surging international oil prices could increase selling pressure on cryptocurrencies, according to CoinDesk analyst Omkar Godbole. He noted that instability is growing in the U.S. Treasury market, with the ICE BofA MOVE Index recently jumping 14.7% to its highest level since April, which could dampen risk appetite. Additionally, the U.S. dollar-yen exchange rate is nearing 159 yen, raising concerns that a Bank of Japan intervention could trigger an unwinding of the yen carry trade and tighten global liquidity. Godbole also pointed to surging oil prices, with both West Texas Intermediate (WTI) and Brent crude exceeding $100 per barrel. Citing an International Energy Agency (IEA) warning about declining inventories due to conflict in Iran, he suggested that rising oil prices could heighten inflation and financial tightening, intensifying pressure on risk assets like crypto.

The UK's Financial Conduct Authority (FCA) and the Bank of England (BOE) have initiated a process to gather industry feedback on establishing a regulatory framework for tokenized financial markets. According to The Block, this consultation is part of the UK government's broader strategy for digital financial markets. The scope of the discussions includes regulatory approaches to security tokens, collateral assets, and payment methods. The authorities noted that tokenization technology could present significant opportunities, particularly in post-trade processing and collateral. The consultation is open to banks, investment firms, asset managers, central securities depositories, trading platforms, and fintech companies. While the current focus is on security tokens like bonds, stocks, and funds, the regulators have left open the possibility of expanding the scope to other asset classes in the future.

Binance has announced the listing of CBRS perpetual futures at 9:30 a.m. UTC on May 19.

BlackRock has purchased an additional 3.14 million shares of MicroStrategy for $535.6 million, BitcoinTreasuries reported. This brings the firm's total holdings to 17.75 million shares, valued at $3.02 billion.

An address believed to belong to crypto custody and banking firm Anchorage Digital purchased an additional 397,000 HYPE, worth approximately $18 million, from Bybit and OKX starting about six hours ago, Onchain Lens reported. The same address has accumulated a total of 2.13 million HYPE, valued at $91.99 million, over the past month.