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Jeffrey Huang, a well-known Taiwanese singer also known as Machi Big Brother, has deposited an additional 287,913 USDC on Hyperliquid to add to his 25x ETH long position, Onchain Lens reported. His total position is now 6,325 ETH, valued at $13.11 million, with an average entry price of $2,095.6 and a liquidation price of $2,034.6.

The government and central bank of Belarus have passed a resolution to include cryptocurrencies in the list of underlying assets for non-deliverable over-the-counter (OTC) financial instruments, Cryptopolitan reported. The measure takes effect on May 27. As a result, cryptocurrencies like Bitcoin (BTC) can now be used as underlying assets for OTC derivatives, alongside futures, options, interest rates, and stock indices. Non-deliverable OTC products are financial contracts settled in cash based on price differences at maturity, without the actual delivery of the asset. The move is expected to lead to greater integration of crypto into Belarus's traditional financial system and generate new investment demand.

According to crypto analyst EmberCN, a whale investor has been steadily increasing a long position in Micron Technology (MU) on Hyperliquid since March. The address reportedly transferred 4.33 million USDC to Hyperliquid in March to begin building the position and has since used unrealized gains to expand it. The current value of the MU long position is approximately $21 million, with an unrealized profit of about $8.25 million.

Coinbase has announced a partnership with Standard Chartered to expand its fiat deposit, withdrawal, and settlement infrastructure for global institutional investors. Through this collaboration, exchange users can now access deposit and withdrawal services for AUD, SGD, CAD, and CHF, with settlement support also available for EUR and GBP transactions. Coinbase explained that this will enable institutional investors to more efficiently manage multi-currency funds and move capital between global markets. The company also added that it plans to enhance the connectivity between fiat and on-chain assets by expanding its stablecoin infrastructure in the future.

FTX has announced that the record date for its next round of creditor payments is set for June 16, with actual distributions scheduled to begin on July 31. Eligible recipients include approved FTX claim and equity holders, with payments to preferred stock holders following the same schedule. Before the payout, creditors must complete KYC verification, submit tax documents, and register an account with BitGo, Kraken, or Payoneer. The company also stated that holders of approved NFT customer claims can begin the distribution process on June 30. Furthermore, FTX has submitted a revised plan to the court to reduce its disputed claims reserve by approximately $600 million, from $2.4 billion to $1.8 billion. If approved, the freed-up cash will be used to fund the next round of payments.

Bitwise CIO Matt Hougan said on X that Hyperliquid's (HYPE) business model is very easy to explain to financial advisors. He noted that the project's value capture structure is clear, as it uses 99% of its generated fees for token buybacks. Hougan added that after discussing the matter with financial advisors on several occasions, he found explaining Hyperliquid to be remarkably simple.

A compromise version of New Hampshire's Blockchain Basics bill, HB639, has been agreed upon by the state's House and Senate, according to Bitcoin Law. The legislation reportedly includes provisions protecting fundamental blockchain-related rights, such as the right to use cryptocurrency for payments, operate a blockchain node, and engage in cryptocurrency mining.

The Resolv Foundation has announced its recovery plan following a protocol security incident. According to the foundation, USR and wstUSR held based on a pre-incident snapshot can be exchanged for USDC at a 1:1 ratio. However, tokens acquired after the incident will be exchanged at a 1:0.5 ratio. The foundation also stated that RLP holders will receive 0.71 USDC per token and will be allocated additional RESOLV tokens at a value of $0.03 each. CoinNess previously reported that a hack at Resolv Labs led to the infinite minting of 80 million USR, resulting in a loss of $25 million.

Plume, a blockchain project focused on regulatory-compliant real-world assets (RWA), announced the launch of three institutional-grade RWA tokenized yield products in partnership with ZK-based cryptocurrency exchange GRVT. The offerings include a base yield fund, a balanced fund, and an opportunity fund, all based on fixed-income and structured credit strategies. These products will provide exposure to tokenized assets, including the iShares AAA CLO Active ETF, which has approximately $2.2 billion in assets. Users can invest directly from their existing self-custody wallets without needing to create a separate account or transfer custody.

South Korea's benchmark KOSPI index opened at 8,242.12, hitting a new all-time high. The index is currently trading at 8,425.20, up 4.69% from the previous trading day.

The Fear & Greed Index from cryptocurrency data provider CoinMarketCap now stands at 37, shifting from the "Neutral" to the "Fear" category. A score closer to 0 indicates extreme fear in the market, while a score near 100 suggests extreme optimism. CoinMarketCap's index is calculated based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data like the put-to-call ratio, the Stablecoin Supply Ratio (SSR), and the platform's own search data.

The spot CVD chart is an order book analysis tool for the BTC/USDT spot pair. The top section displays a volume heatmap, while the bottom shows the cumulative volume delta (CVD). - The top volume heatmap tracks the volume of trades at specific price levels. The background color brightens when the price lingers in a certain range or moves significantly. These brighter areas may act as potential support and resistance levels. - The bottom cumulative volume delta (CVD) indicator shows buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. For example, the yellow line represents orders between $100 and $1,000, while the brown line indicates large orders between $1 million and $10 million.

Onchain Lens reported that a whale known as Evaded has opened a 30x short position on BTC, valued at $71 million, after taking a $4.83 million loss on ZEC and BTC long positions. The trader's total losses have now exceeded $3.69 million.

A new wallet has withdrawn 501,250 HYPE, worth $30.93 million, from Coinbase, Onchain Lens reported. Withdrawals from exchanges are typically interpreted as a sign of intent to hold.

Ethereum could support native, trustless, and censorship-resistant private transactions next year, according to researcher soispoke. This would be possible if the network's Hegota upgrade includes FOCIL (EIP-7805), Frame Transactions (EIP-8141), Keyed Nonces (EIP-8250), and Recent Roots (EIP-8272). Ethereum founder Vitalik Buterin reposted the statement.

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

U.S. President Donald Trump stated on social media on May 26 that it is crucial to maintain the U.S. Commodity Futures Trading Commission's (CFTC) exclusive jurisdiction over prediction markets, adding that they should be allowed to thrive. Trump noted that his administration is preparing rules that will serve as a standard for individual states, emphasizing that certain politicians, including Chris Christie, Letitia James, Tim Walz, and JB Pritzker, should not be the ones setting these regulations. The president also remarked that other countries are competing in this new financial market and that the U.S. must maintain its lead. He added that the U.S. is currently the global capital of cryptocurrency, such as Bitcoin, and will not allow other nations to take its place, calling it an important industry that must be protected.

An Upbit user who sued the exchange's operator, Dunamu, for losses incurred during a system failure immediately following the Dec. 3, 2024, emergency martial law declaration has lost the case, Yonhap News reported. The user, identified by his surname Cho, filed six market sell orders for 43,551 XRP between 1:51 p.m. and 1:57 p.m. UTC on Dec. 3. He argued that while the market price was in the 3,000 won range at the time of his first order, a system disruption delayed the transaction, which ultimately executed at 1,727 won, resulting in a loss of over 55.44 million won (about $42,600). However, the court dismissed the claim, stating that it was unlikely the initial order would have been filled at the 3,000 won price, given the surge in sell orders that occurred in response to the martial law situation.

Ripple Ledger (XRPL) is proposing a new Automated Market Maker (AMM) system to enhance its DeFi capabilities, CoinDesk reported. A draft proposal outlines plans to add features like concentrated liquidity and StableSwap models to the existing XRPL AMM. The core of the proposal is to give liquidity providers (LPs) direct control over how their pools' prices are formed. The current XRPL AMM distributes liquidity uniformly across all price ranges, a method considered inefficient for assets like stablecoins. The concentrated liquidity model would allow LPs to focus capital within specific price bands where most trading occurs, increasing capital efficiency. The StableSwap model is optimized for trading assets with minimal price differences, such as dollar-pegged stablecoins and wrapped assets. Additionally, a fully programmable Smart AMM is planned for future development under a separate specification.

Total Value Locked (TVL) in the decentralized finance (DeFi) sector has fallen by approximately 14% since the KelpDAO hack in April, The Block reported. The total TVL decreased from around $172 billion to $148 billion. The DeFi lending sector saw a notable decline during this period, dropping from approximately $53 billion to $40 billion.

The three major U.S. stock indices closed mixed today. - S&P 500: +0.61% - Nasdaq: +1.19% - Dow Jones: -0.21%

The likelihood of the Clarity Act passing this year is diminishing as the political environment surrounding the bill continues to deteriorate, according to investment bank TD Cowen. The Block reported that Jaret Seiberg, a managing director at TD Cowen's Washington Research Group, noted that the political climate for the bill has worsened, making it improbable that it will become law this year. Although the Senate Banking Committee advanced the legislation earlier this month despite opposition from Democrats and the banking sector, Seiberg explained this signifies the debate has moved to the full Senate rather than a consensus being reached. He added that major obstacles remain, particularly concerning conflict-of-interest provisions. Seiberg also assessed that recent events surrounding President Donald Trump and his administration are making it more difficult for Democrats to support cryptocurrency legislation.

According to CoinNess market monitoring, BTC has fallen below $76,000. BTC is trading at $75,901.01 on the Binance USDT market.

Coinbase's Layer 2 network, Base, has launched its MCP Gateway, a tool designed to easily connect artificial intelligence interfaces with wallet infrastructure, The Block reported. The MCP Gateway provides a secure connection between Base accounts and AI interfaces that support the MCP standard, such as ChatGPT and Claude. This allows users to perform token swaps, transfer assets, and interact with dApps using only natural language commands.

The XRP Ledger Foundation has released a draft standard for an AMM V2 upgrade aimed at enhancing the functionality of its decentralized exchange (DEX), according to U.Today. The overhaul focuses on improving liquidity efficiency and the tokenization environment, as well as increasing price stability for real-world assets (RWA), stablecoins, and foreign exchange markets.