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Bloomberg Senior ETF Analyst Eric Balchunas posted on the X platform that Bitcoin's volatility and correlation are increasingly approaching gold levels. This trend is significantly underestimated in the current market adjustment and may be a positive signal amid recent market turbulence.According to the 60-day historical volatility comparison data between IBIT and the Gold ETF (GLD) since its launch, it can be seen that Bitcoin's volatility structure is gradually aligning with gold, indicating that its asset characteristics may be changing.Eric Balchunas added that despite the highly volatile market environment, the BlackRock Bitcoin Spot ETF (IBIT) has continued to outperform U.S. stocks since the escalation of the Iran conflict, achieving more than double the excess returns compared to the S&P 500 ETF (SPY) since the approval of the BlackRock ETF.

According to Cryptopolitan, the Digital Asset Exchange Alliance (DAXA) in South Korea has introduced new compliance standards requiring exchanges to revoke API keys suspected of being improperly shared among users. The new regulations aim to combat market manipulation, false orders, and other behaviors that exploit shared or leaked API credentials.According to the new guidelines, DAXA member exchanges will take strict measures when suspicious API sharing behavior is detected. After enhanced monitoring and user warnings, users will be required to undergo mandatory re-authentication. Upbit, Bithumb, Coinone, Korbit, and Gopax are all regulated by DAXA, and these exchanges will also implement an IP whitelist system to restrict API access only from approved addresses. The Financial Supervisory Service of Korea stated that automated trading currently accounts for about 30% of domestic cryptocurrency trading volume.

According to the Korea Economic Daily, the National Police Agency of South Korea has formed a special task force to combat money laundering involving cryptocurrencies, led by the head of the Economic Crime Investigation Division, with participation from the Cyber Crime Investigation Division, Cyber Terrorism Response Division, Violent Crime Investigation Division, Drug Crime Investigation Division, and Criminal Intelligence Division. The police pointed out that Tether is being abused as an illegal money laundering tool, with unregistered virtual asset exchange operators spreading throughout Seoul.The police plan to treat money laundering as an independent crime and apply violations of the Specific Financial Information Act to unregistered virtual asset service providers. The police have also secured a budget of 100 million won for cryptocurrency tracking training. Previously, some bank accounts linked to domestic exchanges were suspected of being used as money laundering channels due to the removal of daily deposit limits (increased from 5 million won to 500 million won).

Vitalik Buterin updated on several CROPS AI related developments and pointed out that there is a clear intersection between the "CROPS Ethereum access layer" and "CROPS AI." He stated that if remote large language models could be called for payment through zero-knowledge proofs, it could also be used to solve the Ethereum private RPC reading issue.Meanwhile, Deepseek v4 has been released, and the 2-bit quantization version can run within 90 GB, but currently runs faster on Apple hardware; the messaging app messa has supported Telegram Alpha features; the model running tool luceb has shown higher efficiency when running intensive models; the local AI recording tool VoxTerm is still under continuous development. Vitalik Buterin also mentioned that large language models fine-tuned for specific applications will help improve secure code writing capabilities, and corresponding fine-tuned models should be available for Ethereum-related scenarios.

Bloomberg's senior ETF analyst Eric Balchunas posted on the X platform that the 2x leveraged SK Hynix ETF has grown its asset size by about 10 times this year, and it has now become the third largest ETF in the Hong Kong market, accounting for approximately 8.5% of total ETF assets.Eric Balchunas also pointed out that the ETF's daily trading volume exceeds the $1 billion level. When calculated in terms of the U.S. market size equivalent, this is about $150 billion in daily trading volume, which is considered extremely rare in the global ETF market. If proportionally converted, the scale of this ETF in the U.S. market would be equivalent to about $1.3 trillion level ETFs, but products of this magnitude do not currently exist globally.

Bloomberg ETF senior analyst Eric Balchunas posted on the X platform, revealing that the FTSE Russell Governance Committee has approved adjustments to the fast-entry IPO rules and the minimum entry standards for indices, receiving broad support after completing market consultations.According to the latest methodology update, the rules are effective immediately: when the investable market capitalization of an IPO exceeds the market adjustment total market capitalization threshold of the Russell Top 500 Index from the previous rebalancing, that IPO will qualify for fast-entry assessment into the index. The relevant threshold will be adjusted quarterly based on semi-annual rebalancing.This adjustment aims to enhance the index's responsiveness to large newly listed companies, allowing for quicker inclusion in major benchmark index systems, thereby improving the index's representativeness and market adaptability.

According to Bloomberg, the rulings on controversial contracts on Polymarket are being dominated by a small number of UMA holders. Bloomberg's statistics show that among over 6,400 addresses that participated in Polymarket's controversial ruling votes over the past three years, only 9 large wallets contributed about half of the UMA voting power and sided with the winning side in almost all disputes.In April 2026, about 230 contracts with a total trading volume exceeding $1 billion entered the controversial ruling process, accounting for less than 1% of all contracts on Polymarket, but the frequency of disputes increased with the trading scale. Some traders criticized that this mechanism effectively grants anonymous whales "fact-determining power" driven by economic interests, while Polymarket and Risk Labs, responsible for UMA, had originally promised to improve the relevant processes, which has now been shelved.

According to Bloomberg, the Intercontinental Exchange (ICE, the parent company of the New York Stock Exchange) is collaborating with the cryptocurrency trading platform OKX to launch perpetual futures contracts linked to crude oil.According to statements from both parties, ICE's Brent crude oil and WTI crude oil futures prices will serve as the pricing basis for the related perpetual contracts. The product will be launched in regions where OKX is licensed to offer perpetual contract trading.

The Hong Kong Securities and Futures Commission (SFC) issued a circular outlining the monitoring measures that should be implemented when opening accounts and maintaining client relationships. This circular was issued after the SFC reviewed the account opening practices of 12 securities brokerage firms.The review identified several significant deficiencies, including insufficient due diligence on account opening documents, acceptance of suspicious or forged documents during the account opening process, and weaknesses in managing cross-border agency relationships with overseas intermediaries. The SFC expressed deep concern about the potential misuse of client accounts for suspicious or illegal transactions, which could exacerbate the risks of money laundering and terrorist financing.The SFC requires all licensed corporations to conduct internal checks as soon as practicable to detect whether any suspicious or forged documents have been accepted for account opening. The SFC also outlined additional measures for licensed corporations when opening and managing accounts for mainland investors.These additional measures include closing investment accounts opened with suspicious or forged documents, closing zero-balance dormant investment accounts, and requiring a written declaration from investors when opening new investment accounts, stipulating that settlements and fund withdrawals can only be conducted through bank accounts held in the investor's own name at qualified banks.

According to a post by Santiment on social media, a large number of traders have bet on the decline of HYPE in the past few days, and significant negative spikes in funding rate data have appeared across trading platforms. However, the price of HYPE continues to rise, forming a classic short squeeze that forces bearish traders to automatically buy back their positions, further driving up the price. Currently, the total value of HYPE's open contracts remains at a very high level of over $1.92 billion.Although the market generally believes that liquidations will lead to the collapse of open contracts, HYPE remains one of the hottest assets in the crypto market, with new traders continuously entering, keeping the open contracts at a high level.The main catalyst for this round of increase is the growing enthusiasm for Hyperliquid-related ETF products. In May 2026, companies like Bitwise and 21Shares launched HYPE-linked ETFs, providing traditional investors with a channel to gain exposure to the asset without the need to directly use crypto wallets or decentralized exchanges. Market analysis suggests that the launch of these ETFs marks Hyperliquid's transition from a niche DeFi platform to an institutionally recognized crypto ecosystem.

Y Combinator has launched the YC Crypto Deals program to help startups obtain funding, gas fee credits, and crypto infrastructure support from partners such as Solana Foundation, QuickNode, Helius, and Phantom.

Vitalik Buterin posted on social media, listing several native privacy initiatives that Ethereum is currently promoting, including the combination of AA and FOCIL (providing top-notch support and strong packaging guarantees for privacy protocol transactions), the Keyed Nonces scheme, and access layer-related work (covering features such as Kohaku and private reads).

According to Bloomberg, Iran has begun to launch a Bitcoin-based shipping insurance arrangement for the Strait of Hormuz to address the current high-risk navigation environment in the strait.Recently, Iran has introduced a maritime insurance platform called "Hormuz Safe," which provides digital insurance services for vessels passing through the Strait of Hormuz and allows payments in cryptocurrencies, including Bitcoin.Against the backdrop of escalating U.S.-Iran conflicts and risks in the Strait of Hormuz, the costs of war insurance for ships have surged significantly. Bloomberg previously reported that the insurance costs for some vessels crossing the Strait of Hormuz have now risen to about 5% of the vessel's value.

Bloomberg analyst James Seyffart stated on the X platform that the 2x leveraged Cerebras Systems ETF (ticker: CBRG) has officially begun trading, while its underlying asset CBRS only started trading in the afternoon of the previous day, meaning that the launch of the leveraged ETF was completed just hours apart from the underlying asset. This sets a record for the rapid product launch pace. This "fast-follow" ETF issuance model is accelerating, and in the future, leveraged ETFs around non-public or high-profile assets like SpaceX, Anthropic, and OpenAI may also emerge with similar rapid replication issuance paths, reflecting a significant increase in the productization speed of the ETF market for new asset exposures.

In response to Bloomberg's report on CME and ICE pressuring the CFTC regarding Hyperliquid, the Hyperliquid Policy Center, a lobbying organization led by prominent crypto lawyer Jake Chervinsky and funded by the Hyper Foundation, tweeted that the concerns lack basis.The organization stated that Hyperliquid publishes complete on-chain transaction records in real-time, with transparency far exceeding that of traditional exchanges, which serves as a strong deterrent against insider trading and price manipulation, and is beneficial for regulatory agencies and law enforcement to conduct monitoring and investigations.Additionally, Hyperliquid offers 24/7 uninterrupted trading, effectively eliminating price gaps between the opening and closing of traditional markets. The organization acknowledged that current U.S. laws have not yet made specific provisions for on-chain derivatives markets and will continue to work with Washington policymakers to promote the implementation of relevant regulatory frameworks.Previously, the Hyperliquid Policy Center was established on February 18 of this year in Washington, with former Blockchain Association and Variant Chief Legal Officer Jake Chervinsky serving as CEO, receiving a donation of 1 million HYPE from the Hyper Foundation, focusing on promoting a compliant regulatory path for DeFi in the United States.

Bloomberg analyst James Seyffart stated on the X platform that the 2x leveraged Cerebras Systems ETF (ticker: CBRG) has officially begun trading, while its underlying asset CBRS only started trading the previous afternoon, meaning that the launch of the leveraged ETF was completed just hours apart, setting a record for the rapid product launch pace.This "fast-follow" ETF issuance model is accelerating, and in the future, leveraged ETFs around non-public or high-demand assets such as SpaceX, Anthropic, and OpenAI may also emerge with similar rapid replication issuance paths, reflecting a significant increase in the productization speed of the ETF market for new asset exposures.

According to The Block, the ranking of fee revenue from major blockchains last week showed a different pattern compared to the original activity metrics. Hyperliquid led all public chains with approximately $11 million in fee revenue, accounting for about 43% of the market share. Its fees primarily come from perpetual contract trading activities, where users pay fees for opening, holding, and closing positions.Over the past year, Hyperliquid's market share has significantly increased as derivatives traders rapidly migrated to its dedicated infrastructure. In contrast, Ethereum's fee revenue was about $3 million, accounting for approximately 13%, with revenue sources covering a broader mix including DeFi interactions, smart contract executions, and token transfers. Solana's fee revenue was about $2 million, accounting for around 10%, showing a significant gap compared to its DEX trading volume share, indicating that high-frequency, low-fee meme coin trading has not effectively converted into fee revenue.

Bloomberg's senior ETF analyst Eric Balchunas posted on the X platform that since March of this year, the Bitcoin spot ETF $IBIT has significantly outperformed the gold ETF $GLD, leading by 33 percentage points.In terms of capital, $IBIT saw a net inflow of $4.2 billion during this period, while $GLD experienced a net outflow of $9 billion, resulting in a total capital flow difference of up to $13 billion between the two.

Bloomberg senior ETF analyst Eric Balchunas revealed in a post on X platform that the prediction market ETF has not been launched as originally planned, possibly due to the U.S. Securities and Exchange Commission (SEC) deciding to further review the related products. Currently, the delay "is not a fatal issue," but rather seems like the regulatory agency wants to conduct additional checks on the disclosure documents.He pointed out that these products are groundbreaking, and once approved for listing, they will set an important regulatory precedent for prediction market ETFs. Therefore, it is understandable that the SEC wants to spend more time reviewing, and the market is still waiting for further developments.

CITIC International Auction in Hong Kong kicked off the "Spring Art Treasures Auction (Part Two)", with the core lot Lot 61 "Five Dynasties Chai Kiln Celadon Tombstone Base" achieving a record sale of HKD 660 million. This move not only refreshes the market height of the Chai Kiln system but also marks the official start of a new asset cycle in the art RWA ecosystem centered around $CHAI.Previously, the Chai Kiln system had a transaction record of approximately HKD 380 million, forming the initial price anchor for this system. The hammer price of HKD 660 million is an orderly upward exploration based on the existing anchor point, demonstrating the market's continued recognition of this asset class. Chairman Huang pointed out that continuously establishing a reference system through market mechanisms will further solidify the foundational role of $CHAI in on-chain value mapping and pricing.