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J.P. Morgan analysts, including Nikolaos Panigirtzoglou, stated that as signs of easing tensions in the Middle East emerge, investors are gradually withdrawing from the Bitcoin and gold markets. The "devaluation trade" that previously drove demand for both is losing momentum.In the past two weeks, both Bitcoin and gold-related ETFs have seen significant capital outflows, and institutional positions in the CME futures market have also weakened concurrently. This trend indicates that investors are retreating from the macro hedging trades that became popular due to inflation concerns and global instability, and it is not a case of Bitcoin funds shifting to gold; rather, both asset classes are facing a simultaneous decline in demand. Since the Iran conflict, Bitcoin has been a major representation of the "devaluation trade."

According to on-chain monitoring data, in the past ten days, the Gate hot wallet has transferred out a total of over 453,486.74 HYPE, valued at approximately 25.18 million USD based on the price at the time of transfer.

According to CoinDesk, Michael Kramer, founder and CEO of Motte Capital Management, stated that the U.S. Treasury's related settlement operations are expected to withdraw about $150 billion in liquidity from the financial system, which may exacerbate Bitcoin's current decline.He pointed out that Bitcoin often serves as a leading indicator of liquidity and has recently fallen below the key support level of approximately $75,000, down about 11% from this month's high of $82,500. Michael Kramer expects that this round of liquidity tightening will mainly come from U.S. Treasury bonds and short-term Treasury bill settlements.

According to Lookonchain monitoring, 4 hours ago, 3 newly created wallets are suspected to belong to a certain whale, withdrawing 4,303 ETH from Kraken, worth 8.67 million dollars.

The U.S. Commodity Futures Trading Commission (CFTC) announced on Tuesday that it has jointly filed a motion with Gemini Trust Company LLC in the U.S. District Court for the Southern District of New York, requesting the dismissal of a previous judgment against Gemini.The case was originally filed in June 2022, and the parties reached a consent order in January 2025. After a comprehensive review, the CFTC concluded that the lawsuit should not have been filed and would not be filed under current enforcement standards.The review identified six major issues: the complaint was primarily based on statements from a whistleblower of questionable credibility; the investigation targeted Gemini as a victim of fraud rather than the alleged fraudster; there were serious doubts about the strength of the evidence against Gemini; relevant supporting materials were concealed and not submitted to the commissioners during the CFTC's vote on the complaint; the litigation team invoked deliberative process privilege to prevent Gemini from obtaining evidence necessary for its defense; and personnel improperly used CFTC regulatory power to create leverage for settlement.The CFTC determined that continuing to enforce the forward-looking provisions of the consent order is neither consistent with its mission nor in the public interest, and that the non-forward-looking provisions of the consent order (such as civil penalties) have been fulfilled. The parties jointly request the court to vacate the remaining forward-looking provisions.

According to crypto analyst Ai Yi @ai_9684xtpa, after a 5-day break, the a16z affiliated entity has started to accumulate a large amount of HYPE again.Data shows that in the past 7 hours, this entity has withdrawn a total of 253,947.43 HYPE from multiple exchanges and market maker addresses, worth approximately 15.03 million USD, with an average withdrawal price of about 59.2 USD. Currently, HYPE has retraced about 10% from its historical high, now reported at 58.13 USD.

According to Onchain Lens monitoring, a whale address withdrew 2,872 ZEC from Binance, worth approximately $1.66 million. After this withdrawal, the address holds 14,595 ZEC, valued at about $8.35 million at current prices. On-chain data shows that this position currently has an unrealized profit of about $3.367 million, indicating that the holder is still in a significantly profitable state.

According to on-chain analyst Onchain Lens (@OnchainLens), a whale address withdrew 2,872 ZEC (approximately $1.66 million) from Binance. Currently, this address holds a total of 14,495 ZEC (approximately $8.35 million), with an unrealized profit of $3.367 million.

Ju.com’s official Chinese account has issued a notice stating that to cooperate with the financial audit of the group’s listing entity, the platform will initiate a special compliance review to enhance the transparency of fund management and the security of accounts.The notice requires users to promptly supplement or update KYC compliance materials according to the prompts on the page. Withdrawals can only be requested after submission and approval. The platform indicated that the withdrawal process is expected to return to normal after the completion of the financial audit.

According to the official announcement, Binance is expected to suspend token deposits and withdrawals on the Base network on May 29, 2026, at 01:00 to support its network upgrade and hard fork. Token trading on the aforementioned network will not be affected. The project team expects to carry out the network upgrade and hard fork on May 29, 2026, at 02:00.

The latest report from the blockchain analysis platform Swissblock shows that Bitcoin is gradually slipping into a high-risk environment, primarily due to continuous selling by institutional funds, especially driven by net outflows from the U.S. spot Bitcoin ETF. Historical data indicates that whenever this index signals selling pressure overwhelming the market at a structural level, it often corresponds to systematic distribution behavior by institutional funds.On-chain data analysis firm Glassnode also pointed out that since May 7, the U.S. Bitcoin spot ETF has shown net outflows almost every trading day, with institutional selling signals persisting for over two weeks. "Such continuous capital outflows are exerting pressure on the supply side of the market, while currently, there has not been sufficient buying demand to hedge against this," further exacerbating the risk of supply-demand imbalance.In the market, Bitcoin faced short-term pressure on Tuesday due to geopolitical disturbances. Reports indicated that the U.S. is implementing a new round of military strikes against Iran, despite recent progress on a peace agreement between the two sides. Bitcoin's price fell by about 1%, briefly dipping from above $77,000 to around $76,500, but overall it still maintained a range-bound pattern for nearly four months.CoinEx Chief Analyst Jeff Ko stated that although geopolitical events may trigger short-term volatility, the market focus may still lean towards potential reconciliation progress between the U.S. and Iran, with the overall cryptocurrency market "still in a wait-and-see state." In summary, the current Bitcoin market faces dual pressures: on one hand, the continuous outflow of spot ETF funds has weakened key buying support; on the other hand, geopolitical uncertainty has amplified short-term volatility risks. If institutional risk appetite does not improve marginally, the risk index may rise further, necessitating caution against the adjustment pressure brought by technical selling and emotional resonance.

The globally leading cryptocurrency asset trading platform Gate has officially announced support for USDCx deposit and withdrawal services on the Canton Network. Users can now use USDCx in trading and asset management scenarios on the platform. Along with the launch of this feature, Gate has also introduced multiple activities such as CandyDrop, the USDCx deposit challenge, and YuBiBao wealth management, with a total reward scale of 150,000 USD equivalent in Canton ecosystem tokens CC.Public information shows that USDCx is a stablecoin natively issued on the Canton Network, backed 1:1 by USDC, with reserves stored in the Circle xReserve smart contract. It adheres to the CIP-56 standard, providing interoperability and full composability across different applications and asset scenarios, while also addressing privacy needs.Gate's launch of USDCx, along with multi-dimensional incentives, helps enhance liquidity and user coverage in the Canton ecosystem. It also reflects the platform's ongoing commitment to integrating emerging public chain ecosystems, expanding interoperable digital asset infrastructure, and supporting the long-term evolution of institutional-grade on-chain finance. In the future, Gate will continue to expand high-quality on-chain assets and ecosystem partnerships, promoting more innovative assets and application scenarios for global users.

According to on-chain analyst Yu Jin's monitoring, 7 hours ago, two wallet addresses withdrew 111 million SAHARA (3.81 million USD) from Binance and Bitget, accounting for 3.4% of the circulating supply of SAHARA. It is reported that the project just announced the launch of SAHARA staking three days ago.

According to Onchain Lens monitoring, Arthur Hayes (@CryptoHayes) associated wallet (0x827ca7...3D3D55) has again withdrawn 85,714 HYPE from Bybit, worth 5.37 million dollars.

According to monitoring by Lookonchain, as HYPE continues to reach new highs, a newly created wallet withdrew 63,780 HYPE from Bybit, worth 4.06 million dollars.

The U.S. spot Bitcoin ETF recorded a net outflow of approximately $1.26 billion this week, marking the largest single-week capital outflow since late January of this year, and has seen net redemptions for six consecutive trading days. Data shows that this type of product saw an outflow of about $649 million just on Monday. Although there was some easing in the following days, the overall trend of continuous outflow remained. Market participants pointed out that the recent rise in U.S. Treasury yields, the strengthening of the dollar, and geopolitical tensions are among the main reasons for the capital withdrawal.At the same time, Ethereum ETFs are also under pressure, experiencing net outflows for 10 consecutive trading days, the longest outflow period since March 2025. The total outflow for the week was approximately $216 million. Among them, BlackRock's iShares Bitcoin Trust (IBIT) currently manages assets of about $61.1 billion, but this is still below the cumulative capital inflow of about $3.7 billion, indicating that recent market price fluctuations have impacted the value of holdings. As of the ETF trading day's close, the Bitcoin price was around $77,500, and Ethereum was about $2,130, maintaining a narrow range of fluctuations overall. Despite the significant short-term capital outflow, the spot Bitcoin ETF has still seen a cumulative net inflow of about $57.1 billion since its launch, with an asset scale of approximately $98.9 billion.

According to on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet withdrew 684,934 HYPE from Coinbase, worth approximately 40.7 million dollars. This address is a recently created wallet, and the related transfer occurred within the past two days.

According to on-chain monitoring data, in the past two days, Gate's hot wallet has transferred out a total of 372,610.9026 HYPE, which is valued at approximately 20.49 million USD based on the current price.

According to Onchain Lens monitoring, just as HYPE reached a historic high, a newly created wallet withdrew 198,535 HYPE from Bybit, worth 11.62 million dollars.