Technology
Analysis
Indicators show retail remains sidelined as Bitcoin trades at new highs
Retail lag as Bitcoin surges to new highs, hinting at institutional dominance over individual investors.
Adoption
Bitcoin balance sheet adoption could hit 20% of BTC supply by 2026
Nation-states top the list with a $161.7 billion allocation built on a 5% swap of existing gold reserves into Bitcoin, equal to 1.62 million BTC.
Hacks
Cetus posts $5M bounty for hacker’s ID amid centralization concerns on Sui freeze
The bounty follows a lack of response from the hacker and comes amid centralization concerns regarding Sui validators.
Memecoins
Solana memecoin average daily volume surges 46% in May, echoing Bitcoin’s recovery
Despite the increase in memecoin trading volume, the numbers are still below pre-LIBRA scandal levels.
Lending
Active DeFi loans hit all-time high at $23.7B as TVL nears pre-tariff levels
Active loans showing a faster pace suggest traders are seeking on-chain leveraging and higher yields.
Derivatives
Volatility Shares debuts first 1x XRP futures ETF for US investors
In addition to the unleveraged XRP ETF, the issuer also offers a 2x leverage XRP futures ETF.
Adoption
BPI releases policy manifesto urging US to lead in Bitcoin infrastructure
The blueprint focus on integrating Bitcoin into the US economy, providing regulatory clarity, and boosting mining.
Deals
OpenAI ventures into hardware with $6.4B deal for legendary designer Jony Ive’s startup io
OpenAI currently stake in io contributes to $1.4 billion to the deal's valuation, while the remaining $5 billion will be transferred in equity.
Legislation
GENIUS Act clears Senate motion, House lawmakers reintroduce Blockchain Certainty Act
US lawmakers made efforts to advance crypto regulation in the country on May 21.
Technology
Solana’s new Seeker phone ships with SKR token as economic engine
The SKR token will empower users and builders interacting with Seeker's ecosystem.
Legislation
Texas House lawmakers pass Bitcoin reserve bill with new amendments, Senate to vote again
Following the Senate vote, the legislation will be sent to Governor Greg Abbott's desk for his final approval before it can become law.
Analysis
Ethereum co-founder Jeffrey Wilcke transfers $262M in ETH to Kraken, causing community speculation
This is the first time Wilcke has made a substantial transfer to an exchange since moving $147 million in four transactions last year.