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A whale investor who previously lost over $2.5 million by buying high and selling low has re-entered the market, purchasing 401 BTC for $26.86 million, according to Lookonchain. The new purchase was made at an average price of $66,957. The investor's earlier loss came from buying 81 BTC at an average price of $95,423 on Jan. 16, only to sell them for $64,243 on Feb. 23.

Bankless co-founder David Hoffman sold his entire ETH holdings on May 21 to purchase VVV, NEAR, ZEC, HYPE, and LIT, according to Wu Blockchain. Hoffman previously argued that ETH's market capitalization already reflects its actual performance and that a further structural revaluation of the cryptocurrency is unlikely.

Whale Alert reported that 3,102 BTC has been transferred from Coinbase Institutional to an unknown new wallet. The transaction is valued at about $207 million.

Matt Hougan, CIO of Bitwise, said that institutions are moving to embrace cryptocurrency, tokenization, and stablecoins. He added that this trend is continuing regardless of price action.

The price outlook for U.S. West Texas Intermediate (WTI) crude is declining as OPEC+ begins to increase production this month. Polymarket traders are now pricing in a 34% probability that WTI futures (CL) will surpass $100 per barrel in the first week of June, a drop of about 29 percentage points from yesterday. Meanwhile, the price of CLUSDT, an on-chain WTI crude perpetual futures contract, is currently trading at $95.02, up 3.05%, according to Aster.

Russians have opened over 10 million cryptocurrency wallets on overseas exchanges and infrastructure, Russia's TASS news agency reported. The figure was announced by Deputy Finance Minister Ivan Chebeskov, who told reporters at a side event of the St. Petersburg International Economic Forum (SPIEF 2026) that public participation in the virtual asset market has reached a historic level. The deputy minister explained that the government derived the figure through confidential information exchanges and on-chain data cooperation with several large global virtual asset exchanges.

Citi believes the real problem facing Bitcoin is not MicroStrategy's pre-announced sale of BTC, which it views as a simple tax-saving strategy, but rather the disappearance of new buying pressure from sources like ETF inflows, CoinDesk reported. According to the bank, market sentiment has become very subdued. The fundamental crisis lies not in corporate selling pressure but in the absence of new buyers and fresh capital to push the market higher. Citi added that investor sentiment is struggling to recover as the probability of the U.S. Clarity for Digital Tokens Act passing Congress this year diminishes. The bill had been seen as a powerful catalyst for large-scale institutional inflows. Barring a dramatic regulatory reversal, Bitcoin is likely to continue its sideways or corrective trend for the time being.

The correlation between Bitcoin and the Nasdaq has completely broken, with Bitcoin's relative underperformance against the stock market reaching its worst level in about seven years, CNBC reported. Since peaking in relative strength against the Nasdaq 100 index about a year ago, Bitcoin has plunged 35%. Over the same period, the Nasdaq has rallied approximately 35%, creating a 70 percentage point gap in returns between the two assets. This marks the most significant decoupling since the crypto bear market of 2019.

The three major U.S. stock indices opened mixed today. - S&P 500: -0.12% - Nasdaq: +0.05% - Dow Jones: -0.42%

Tether has partnered with digital banking and investment platform Fasset to launch the world's first neobanking Visa credit and debit card linked to gold assets. The card allows users to earn up to 6% of their purchase amount back in Tether's gold-backed token, Tether Gold (XAU₮), subject to certain conditions. When a user makes a purchase, Tether Gold in their wallet is automatically converted into Tether's stablecoin (USD₮) and then into the local fiat currency for settlement within seconds. The card also offers a feature that automatically collects spare change from transactions and reinvests it into Tether Gold.

A new Political Action Committee (PAC) named Defend Devs has been launched to protect cryptocurrency developers, according to a report from Eleanor Terrett. The PAC plans to provide financial and political support to lawmakers who advocate for including developer protection provisions in the Clarity Act as it is being negotiated.

U.S. Silicon Valley-based crypto venture capital firm Variant has completed fundraising for a new $222 million fund, dubbed Variant 4, to invest in the convergence of artificial intelligence and blockchain, Fortune reported. The firm plans to invest in very early-stage technology companies in sectors including DeFi (decentralized finance), cryptocurrency, and AI agents.

Payward, the parent company of Kraken, is set to launch a stock token service allowing retail investors worldwide to subscribe to U.S. initial public offerings (IPOs) at the same price as institutional investors, The Block reported. Payward announced that the new financial product, built on its proprietary xStocks asset token framework, will officially launch within the coming weeks. Under the new system, once the final share allocation is confirmed on the listing day, the physical shares will be deposited on a one-to-one basis with a regulated custodian. Stock tokens backed by these shares will then be issued and immediately distributed to investors' Kraken accounts.

Bitcoin may be poised for a significant rebound as its Power Law Oscillator, a long-term technical valuation model, has dropped to 4.4%, CoinDesk reported. This level of decline is exceptionally rare in the asset's history. A 4.4% reading on the oscillator signifies that the current price is cheaper than 95.6% of its long-term trendline. Historically, such low levels have only been reached during the COVID-19 crash in March 2020 and the FTX collapse in November 2022, making the current period the third most attractive dip-buying opportunity on record. While there is no absolute guarantee that this support level will hold, the outlet noted that long-term mathematical regression analysis suggests downside pressure is extremely limited.

Crypto neobank Revolut plans to establish a U.S. bank branch this year to offer FDIC-insured accounts, stablecoins, multi-currency deposits, and cryptocurrency trading services, CoinDesk reported.

All eleven candidates backed by Fairshake, a Super PAC funded by the cryptocurrency industry, won their U.S. primary elections in June, CoinDesk reported. The group has shifted its strategy from previously backing a few established pro-crypto Republicans to a new bipartisan approach of actively supporting moderate Democrats. This change is aimed at mitigating regulatory risks regardless of which party controls Congress. Ten of the eleven winning candidates were Democrats.

Stripe, Visa, and Mastercard are nearing the launch of a new, unified stablecoin platform, CoinDesk reported, citing three people familiar with the matter. The sources said that final preparations for the launch are underway. Additionally, Coinbase is reportedly considering joining the coalition platform through an equity stake and partnership.

Zcash has conducted an emergency hard fork, NU 6.2, five days after discovering a flaw in its zero-knowledge proof circuit that could have caused double-spending, BlockBeats reported. The upgrade reactivated the temporarily suspended Orchard privacy pool with a patched circuit, permanently removing the vulnerability.

BlackRock has deposited 6,005.46 BTC, worth approximately $400 million, to Coinbase Prime, according to Onchain Lens.

BitMEX co-founder Arthur Hayes is now touting Worldcoin (WLD), sharing a chart on X and stating a price target of $10 for the token. WLD has risen approximately 22% over the past 24 hours and 45% over the past seven days. It is currently trading at $0.5161.

Binance has acquired a stake in Alpaca, a key infrastructure company that controls approximately 94% of the U.S. stock token and ETF custody market, SpotOnChain reported. Beyond a simple equity investment, Binance has also entered into an exclusive revenue-sharing agreement. The deal secures Binance 50% of the fees from Payment for Order Flow (PFOF) and 65% of the residual profits generated by Alpaca's user stock lending services. SpotOnChain commented that this move marks Binance's entry into the real-world asset (RWA) tokenization space. The analytics firm added that by establishing a revenue-sharing structure with a dominant company in the stock token custody market, Binance has secured a direct pipeline to global RWA trading liquidity.

Mastercard is introducing stablecoins into its settlement system, a core component of its traditional credit card payment network, Cointelegraph reported. The company officially announced it will expand its payment infrastructure to allow card issuers and acquirers to use stablecoins for settling transactions. This will enable global payment settlements, previously restricted to banking business days, to be processed in real-time around the clock, including on weekends and holidays.

Binance is shutting down its centralized NFT service and will offer a one-month grace period for user withdrawals, Unfolded reported.

Unregistered crypto exchange BTCC has resumed a service allowing users to purchase overseas stablecoins with Korean won through domestic bank accounts, the Seoul Economic Daily reported. The deposit screen on the BTCC app lists personal accounts at South Korean banks, including IBK Industrial Bank, Jeonbuk Bank, and Toss Bank, as destinations for won deposits. When South Korean users transfer won to these accounts, their exchange wallets are credited with Tether (USDT).

Strive, a Bitcoin strategic accumulation firm and asset manager, plans to purchase 175,000 BTC through an additional issuance of its SATA shares, Odaily reported. The model for SATA is similar to that of MicroStrategy's (MSTR) preferred stock, STRC, where new shares are issued to buy BTC whenever the price exceeds its $100 par value. Strive CEO Jeff Walton said the company is raising an average of $8.1 million per day.