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Bloomberg senior ETF analyst James Seyffart disclosed that Grayscale Investments has submitted the fifth amendment document (Amendment No. 5) for the Hyperliquid Staking ETF to the U.S. SEC, with the fund code still being HYPG. The document shows that the ETF still plans to use approximately 2 million HYPE tokens as seed assets, valued at about $130 million based on current prices.However, as of now, key information such as the management fee rate has not been disclosed in the document. James Seyffart stated that this amendment appears to be a minor adjustment, format optimization, and technical modification in response to potential SEC comments, with no substantial changes found compared to the version submitted the previous day. The core content disclosed in the previous document, including the HYPE staking mechanism and seed asset arrangements, remains unchanged.

Bloomberg ETF analyst Eric Balchunas stated on the X platform that the iShares Bitcoin Premium Income ETF (BITA) has submitted its third version of the S-1 amendment document. The fees have not yet been announced, but the issuer (BlackRock) is clearly actively adjusting the product.

Insiders revealed that the cryptocurrency trading and brokerage firm FalconX has secretly submitted an S-1 registration draft to the U.S. SEC and has hired investment firms such as Cantor Fitzgerald to provide advisory services for its IPO. However, due to market volatility, FalconX expects to advance its listing no earlier than later this year. Founded in 2018, FalconX primarily provides digital asset trading, liquidity, clearing, and credit services to hedge funds, asset management firms, and market makers. The company completed a $150 million Series D funding round in 2022, with a valuation of $8 billion at that time.Reports indicate that as market sentiment cools, trading volumes decline, and the performance of some cryptocurrency IPOs post-listing has been weak, several cryptocurrency companies, including Kraken's parent company Payward, Consensys, Ledger, and Grayscale, have postponed their listing plans. Meanwhile, Blockchain.com also secretly submitted its IPO application to the U.S. last week.

Bloomberg ETF analyst James Seyffart posted on platform X that Grayscale has submitted the fourth version of the Hyperliquid ETF amendment documents, bringing it closer to an official launch, although fee information has not yet been disclosed.The latest amendment indicates that Hyper Holdings Global LP plans to provide approximately 2 million HYPE as seed capital investment, valued at about $113 million based on current prices.

The cryptocurrency trading platform SuperEx announced that it officially launched the IBMUSDT and NOKUSDT U-based perpetual contract trading pairs today at 11:00 Beijing time (03:00 UTC).It is reported that the newly launched contract trading pairs support full margin, cross margin, and isolated margin modes, allowing users to experience trading through SuperEx's web and app platforms.

The Heima team has officially submitted an on-chain proposal to burn 16.5 million HEI tokens from the ecological allocation. This proposal has passed the council vote and will enter the community voting phase in two days, during which community members can participate directly in the voting.The Heima team stated that they will focus on transparency and continue to build long-term value for the ecosystem.

XRP Ledger developers submitted a draft amendment called "AMM Swappable Curves," which plans to introduce three types of swappable curves for the XRPL native automated market maker: constant product, concentrated liquidity, and StableSwap, with a programmable Smart AMM to be added later. This upgrade aims to allow liquidity providers to choose more suitable pricing curves based on asset types, thereby improving capital efficiency.Concentrated liquidity is suitable for trading pairs where most transactions are concentrated within a specific price range, while StableSwap is more appropriate for assets that are close to a 1:1 exchange, such as stablecoins or pegged assets. Existing AMM pools will continue to use the current constant product model and will not require migration. This proposal is seen as an important step in addressing the shortcomings of the DeFi infrastructure on XRPL.Currently, there are over $3 billion in tokenized real-world assets on the XRPL chain, including a recent pilot for tokenized U.S. Treasury redemptions completed by Ripple and JPMorgan. However, to enable these assets to trade, lend, or generate yield more efficiently, a more mature DeFi liquidity infrastructure is still needed. Nevertheless, this proposal is still in the draft stage and will need to go through the XRPL amendment voting process, which may take several months, and there is still uncertainty about whether it will ultimately pass.

According to the official announcement from BitMine Immersion Technologies, as of May 25, 2026, BMNR holds 5,390,404 ETH (average price of $2,134), accounting for 4.47% of the total ETH supply, with 89% completion towards the "5% Alchemy" target. The company's total cryptocurrency assets, cash, and "Moonshot" holdings amount to $12.3 billion, with cash at $444 million. In terms of staking, BMNR has staked 4.71 million ETH (approximately $10.1 billion), with expected annual staking returns of $276 million (7-day annualized yield of 2.75%).

Smart ring manufacturer Oura Health Oy officially submitted a confidential S-1 registration statement to the U.S. Securities and Exchange Commission on May 21, planning to go public on the U.S. stock market later this year, with Goldman Sachs and JPMorgan serving as the lead underwriters for the IPO.Ōura was founded in 2013 in Oulu, Finland, by three co-founders Petteri Lahtela, Kari Kivelä, and Markku Koskela, all of whom came from the R&D background of Nokia and global heart rate monitoring pioneer Polar. In October 2025, the company completed an E round of financing led by Fidelity Investments, raising $875 million, with a post-money valuation reaching $11 billion. Previously, the company had raised over $1.5 billion in total financing.

Bloomberg ETF analyst James Seyffart stated on the X platform that Grayscale has submitted the third S-1 amendment for the Hyperliquid ETF to the U.S. SEC. The trading code for this ETF, once approved for listing, will be GHYP. It is expected to be increasingly close to launch, and U.S. exchanges will eventually welcome three HYPE ETFs.

According to BBX data, yesterday Blockchain.com submitted a confidential IPO application 15 years after its establishment, accelerating the expansion of traditional European trading platforms into cryptocurrency. The core dynamics are as follows:Blockchain.com Group Holdings Inc. (proposed listing) officially announced through a press release on May 21 that it has confidentially submitted a draft S-1 registration statement to the SEC on the same day, intending to issue Class A common stock. The specific number of shares and price range have yet to be determined, and the IPO timeline will depend on market conditions and the SEC review process, with a target to complete the listing by 2026. The company was founded in 2011 by three early members of the Bitcoin Forum, headquartered in Dallas, with 95 million wallets, 43 million verified users, and has processed over $1.1 trillion in cryptocurrency transactions; its products include consumer wallets and trading, institutional products and services, and it has recently expanded into the African market, launching perpetual contract trading through the Hyperliquid protocol; it has about 500 employees, and Bloomberg cited sources: it has been profitable for three consecutive years after adjustments; Series E financing in 2023 raised $110 million, with a valuation of approximately $7 billion (significantly down from the peak of $14 billion in 2022).IG Group Holdings plc (LSE: $IGG) announced on May 21 through an official statement from CoinDesk that its European division IG Europe GmbH will expand its cryptocurrency spot trading services across the EU through a partnership with the Vienna-based cryptocurrency exchange Bitpanda (privately held, holding regulatory licenses from Germany's BaFin and Malta's MiCA), with Bitpanda providing liquidity, trading connections, and comprehensive market data infrastructure support; IG Group's revenue for Q1 2026 is £331.2 million (approximately $445 million), with cryptocurrency spot trading contributing £2.4 million (approximately $3.2 million), accounting for about 0.7% of revenue; the company has around 1.3 million customers globally and is one of the few traditional financial platforms clearly positioned in cryptocurrency spot trading among the constituents of the FTSE 100 index on the London Stock Exchange. The specific timeline for this expansion has not been disclosed.

OpenAI CEO Sam Altman stated in a speech to employees that even if the IPO filing is submitted soon, the company may not go public immediately, and the actual listing time will depend on market conditions and other factors. The goal is to go public as early as September, but the timeline remains flexible.Earlier reports indicated that OpenAI plans to submit a confidential IPO application to regulators soon, possibly as early as this Friday. Sources revealed that investment banks, including Goldman Sachs and Morgan Stanley, are assisting OpenAI in drafting the IPO prospectus.Earlier this week, OpenAI cleared a significant hurdle on the road to the IPO—OpenAI CEO Sam Altman won a legal dispute against competitor Musk. OpenAI still needs to overcome a series of other challenges, the most significant of which is market concern over whether it can generate enough revenue to support its massive data center expenditure commitments.

According to Bloomberg, the cryptocurrency trading platform Blockchain.com has secretly submitted an initial public offering application to the U.S. Securities and Exchange Commission. The company stated that its registration statement draft has been submitted, but the number of shares to be issued and the price range have not yet been determined. Blockchain.com is headquartered in Dallas, and this IPO still depends on market conditions and the results of the U.S. Securities and Exchange Commission's review.

OpenAI has been working with investment banks to prepare for the submission of an initial public offering (IPO) application in the coming days or weeks. Investment banks, including Goldman Sachs and Morgan Stanley, are assisting OpenAI in drafting the IPO prospectus, and the company plans to submit the documents confidentially to regulators soon, possibly as early as this Friday. Some insiders have indicated that OpenAI aims to go public as early as September, although the plans remain subject to change.Earlier this week, OpenAI cleared a significant hurdle on the road to its IPO: the company won a legal dispute with co-founder and now rival CEO Altman against Musk. Musk has stated that he plans to appeal the ruling. OpenAI still needs to overcome a series of other challenges, the most significant of which is the market's concern about its ability to generate enough revenue to support its substantial data center expenditure commitments.

Bloomberg analyst James Seyffart posted on the X platform, revealing that Morgan Stanley has submitted a revised application for its Solana ETF, with the proposed trading code $MSOL. The management fee information has not yet been disclosed.

The ALEX Lab Foundation submitted governance proposal AGP-8, which plans to make structural adjustments to the ALEX protocol, including stopping the emission of ALEX community tokens, closing the treasury grant program TGP, and introducing a protocol-driven token buyback and burn mechanism. Currently, the circulating supply of ALEX is approximately 973 million tokens, close to the cap of 1 billion tokens.If the proposal is approved, the next 32 cycles will be the final ALEX emission cycles, after which there will be no new token emissions. Approximately 1.568 million STX remain unclaimed in the TGP 2024 treasury, and after a 30-day grace period, the ALEX Lab Foundation will use these funds to buy back and burn ALEX tokens at market price. Future protocol revenue will also be used for ongoing buybacks and burns after covering operational costs. This proposal aims to shift ALEX from an inflationary model to a deflationary model.

According to The Block, VanEck submitted its fifth amendment to the registration statement for its BNB ETF to the U.S. Securities and Exchange Commission on Friday (May 15), while Grayscale also submitted its second amendment to the Grayscale BNB ETF prospectus on the same day.Bloomberg ETF analyst James Seyffart stated that the simultaneous actions by both parties indicate that the issuers are responding to feedback from the U.S. SEC and may be planning to launch soon. James Seyffart speculated that BNB could be the next cryptocurrency asset to pass SEC review and is expected to be listed in the U.S.Meanwhile, Canary Capital separately submitted an amendment to its staking TRX ETF proposal, which will package Tron’s staking yields into a regulated framework.