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Some investors are continuing to accumulate altcoins despite the current market downturn, according to cryptocurrency analyst CW8900. The analyst noted that while the broader crypto market is stagnant amid declining trading volume and worsening sentiment, trading in altcoins—excluding the top five assets of BTC, ETH, SOL, XRP, and BNB—has actually increased. He explained that although some market participants view the likelihood of an altcoin season as low, retail investors are gradually increasing their exposure to these assets.

Wallet of Satoshi, a wallet supporting the Bitcoin (BTC) Lightning Network, announced on X that it is transitioning its point-of-sale (POS) service for merchants to a self-custody model. Support for POS terminals using existing custodial addresses will be discontinued soon, and business operators will need to set up new self-custody addresses. The company explained that the move to self-custody is a response to increasing government reporting requirements for crypto custody services, which would otherwise necessitate user data collection.

According to data from CoinGlass, long positions worth $1.15 billion on major centralized exchanges face liquidation if BTC falls below $74,057. Conversely, a move above $78,035 would trigger the liquidation of short positions valued at $1.67 billion.

New York Stock Exchange (NYSE)-listed company Hyperscale Data (GPUS) has purchased an additional 7.68 BTC, bringing its total holdings to 699.68 BTC, BitcoinTreasuries reported. The company aims to increase its BTC holdings to $100 million.

Russia's Power Development Commission has recommended a ban on cryptocurrency mining in parts of the Moscow and Kursk oblasts until 2032 to ensure the stability of the local power supply, TASS news agency reported. Russian authorities have been considering such restrictions in regions facing potential energy shortages. The outlet added that the ban, which covers the entire Moscow metropolitan area, is expected to have a significant impact on both large-scale facilities and smaller miners.

Hanwha Investment & Securities has renewed its mobile trading system (MTS), revamping its main functions and user interface to now include digital asset information, Newsis reported. Alongside traditional offerings like domestic and overseas stocks, pensions, and financial products, the app has introduced a new "Digital Asset Home" section. This feature provides users with news, market prices, and research on digital assets. Notably, users can now add virtual assets to their watchlists and manage them together with their stock holdings.

An anonymous whale address starting with 0xfda8 purchased 7,000 ETH, worth $14.52 million, and deposited the funds into the crypto lending protocol Aave (AAVE), Lookonchain reported. The same address has previously earned $2.04 million from trading ETH.

Cryptocurrency analyst and YouTuber Benjamin Cowen has predicted that Bitcoin will likely retest the $60,000 level again this year, after which a bull market could resume. He forecasts the final bottom for the current cycle to occur around this coming October. Cowen noted that Bitcoin peaked at a point nearly identical to its historical cycles, forming a top 1,162 days from its previous low, compared to 1,059 and 1,168 days in the two prior cycles. He added that this pattern is similar to bear market bottoms seen in the U.S. midterm election years of 2014, 2018, and 2022. Bitcoin is currently down about 40% from its all-time high of $126,080, set last October.

The portion of the total ETH supply that is staked has reached an all-time high of 32.19%, according to data from ValidatorQueue. Approximately 39.2 million ETH are currently staked. In addition, around 3.3 million ETH are in the queue to be staked.

Capital outflows from the Hyperliquid cross-chain bridge have been expanding since HYPE hit a new all-time high on May 21, according to HyperInsight. Although HYPE continued to rise to around $64 and set further highs, the bridge's fund flow has shifted from declining net inflows to a net outflow phase. Total outflows from the Hyperliquid bridge recently grew to $149 million, with daily net outflows reaching about $91 million. This contrasts with the period when HYPE first hit its all-time high, at which point USDC inflows through the Hyperliquid-Arbitrum (ARB) bridge reached a 10-month peak of approximately $173 million.

Opinions are sharply divided among traders regarding a recent large-scale sell-off of approximately $1.3 billion from BlackRock's spot BTC ETF (IBIT), BlockBeats reported. Many traders view the transaction as a major sell-off by institutional investors, suggesting that smart money is quietly exiting the market. They point to the Coinbase BTC premium remaining negative for 21 consecutive days and sustained ETF outflows as evidence. However, other traders offered a more optimistic take, arguing that the market absorbed the sale effectively. They noted that despite the significant selling pressure, IBIT only recorded an outflow of about $192 million on that day, which is far from a market crash. This group believes that Bitcoin maintaining a level above $75,000 indicates a substantial increase in institutional-grade liquidity, suggesting the funds are rotating rather than exiting.

BTC perp long/short ratios on top exchanges by open interest The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 50.18% long, 49.82% short - Binance: 49.53% long, 50.47% short - OKX: 49.95% long, 50.05% short - Bybit: 49.5% long, 50.5% short

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, while the bottom displays 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 remains in a certain range for an extended period or moves significantly. These brighter areas may act as potential support or resistance levels. - The bottom Cumulative Volume Delta (CVD) indicator represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, and the brown line tracks large orders between $1 million and $10 million.

Manuel Aráoz, co-founder of crypto security firm OpenZeppelin, has warned that all DeFi protocols are unsafe due to the overwhelming advantage attackers hold over defenders. According to The Block, Aráoz recently recommended on X that users withdraw their funds from all DeFi, including blue-chip protocols like Aave (AAVE) and Compound (COMP). He explained that the ability of AI agents to find vulnerabilities now surpasses that of humans, noting that while defenders must fix a vast number of bugs, an attacker only needs to discover a single vulnerability to drain funds.

A group accused of orchestrating a rug pull with the Solana-based meme coin CATFI has been indicted and arrested, Digital Asset reported. The case marks the first time prosecutors have applied the unfair trading provisions of South Korea's act on virtual asset user protection and the first arrest related to a decentralized exchange (DEX) rug pull. According to the investigation, the group spent several million won to issue CATFI on Pump.fun in early 2025. They then listed the token on a DEX before executing the rug pull. The price of CATFI surged 1,001 times within 26 hours of its launch, attracting around 6,000 investors. Ultimately, 256 investors suffered losses totaling 900 million won (around $652,000). The perpetrators are alleged to have made approximately 400 million won (around $290,000) from an initial investment of 10 million won (about $7,200).

Bitcoin's rally against gold is showing signs of slowing for the first time in three months, according to an analysis by CoinDesk. The ratio, which compares the U.S. dollar price of Bitcoin to that of an ounce of gold, indicates which store-of-value asset investors prefer at a given time. The media outlet explained that ETF funds are shifting toward gold and other precious metals, noting that while over $2 billion has flowed out of Bitcoin funds, new capital has been entering gold and precious metal ETFs.

Canadian blockchain and cryptocurrency technology company DMG Blockchain Solutions announced second-quarter revenue of $5.28 million, a 35% decrease from the previous quarter. The company attributed the decline to the drop in Bitcoin's price, which significantly squeezed profitability. Its mining output for the quarter was 69 BTC, unchanged from the previous period.

Ethereum ecosystem developer Max Resnick has called all metrics in the crypto industry a scam designed by venture capitalists (VCs) to attract funds. In a post on X, Resnick pointed to DeFiLlama's "Value Locked by Category" metric as an example, noting that a single ETH can be counted across at least 10 different categories, including lending, liquid staking, real-world assets (RWA), decentralized exchanges (DEX), and restaking. He argued that every time he examines how a metric is calculated, he finds it to be miscalculated, and that it is nonsensical to trust these figures blindly. Resnick stressed that the situation will only worsen until the industry takes a clear look at its current state, concluding, "The first step to fixing a problem is recognizing it."

XRP has entered a trading range after failing to break the $1.36 resistance level, with significant volatility expected ahead, CoinDesk reported. The media outlet noted that while XRP recently attempted to surpass $1.36 with a high-volume bullish candle, the breakout ultimately failed, weakening short-term upward momentum. Price compression is intensifying within a triangular convergence pattern that has been forming since early 2025, signaling that a powerful move is imminent. On-chain data shows a continuous outflow of XRP from exchanges, suggesting that large-scale holders are in an accumulation phase rather than selling. It is also seen as a positive sign that the $1.30 support level is holding despite worsening overall market sentiment. A break below this level could lead to a further decline into the mid-$1.20 range, while a successful move above $1.36 could trigger a full trend reversal.

The price of Bitcoin fell following a massive $1.3 billion sale of BlackRock's spot Bitcoin ETF (IBIT), Cointelegraph reported. According to the report, an anonymous investor sold 29.2 million shares of IBIT on May 27 through a dark pool, a private exchange where order details are not publicly visible. Alex Thorn, head of research at Galaxy Digital, described the transaction as the largest dark pool trade he had ever seen. Immediately after the trade, BTC fell approximately 1.5% from $77,875 to $76,720 in about 10 minutes. The price subsequently extended its decline, dropping to around $75,600.

OKX announced it will list the IRYS/USDT spot pair at 10:00 a.m. UTC on May 27.

According to HyperInsight, the total value locked (TVL) on the Hyperliquid (HYPE) platform has increased by 7.8% over the past week to $55.29 billion, marking a new high since the crash on Oct. 11. The platform's open interest (OI) has also risen to $9.647 billion, its highest level since February of this year. Recent 24-hour trading volume was recorded at approximately $7 billion, with about 28.1% of that activity originating from trades related to traditional markets within the HIP-3 ecosystem. During the Oct. 11 crash, Hyperliquid's TVL had dropped by about 12.5% from its peak, while its OI plummeted by approximately 57.7%.

A whale investor has bet approximately $328,000 on the prediction market Polymarket that Luiz Inácio Lula da Silva will win the 2026 Brazilian presidential election, according to PolyBeats. The whale entered the position when the odds of a Lula victory were around 49.2%; the probability has since fallen to 40.5%. The address is one of the most active in Brazil-related prediction markets, with a cumulative net profit of about $22,200.

The HYPE spot ETF has absorbed 1.04% of the token's circulating market cap in its first 10 trading days, according to Kairos Research on X. The research firm noted this represents the strongest initial capital inflow for any spot cryptocurrency ETF on record. For comparison, inflows into new spot ETFs over the same timeframe accounted for 0.59% of BTC's circulating supply, 0.41% for ETH, and 0.31% for SOL. This calculation excludes outflows from existing trust products like GBTC and ETHE.

U.S. spot Ethereum ETFs recorded net outflows of approximately $35.1 million on May 26, marking the 11th consecutive day of withdrawals, according to data from Farside Investors. - BlackRock's ETHA: -$1.9 million - Fidelity's FETH: -$17 million - Grayscale's ETHE: -$7.9 million - Grayscale's Mini ETH: -$8.3 million