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According to CoinDesk, blockchain data analysis company Arkham Intelligence has monitored that the wallet holdings of Bhutan's sovereign wealth fund Druk Holding and Investments (DHI) have significantly decreased from about 13,000 BTC in October 2024 to approximately 3,100 BTC currently. Since mid-2025, over $1 billion worth of Bitcoin has flowed out, with funds directed to multiple exchanges and trading companies, including wallets interacting with Galaxy Digital and OKX.In response, DHI CEO Ujjwal Deep Dahal stated, "I don't remember when the last time we sold Bitcoin was." The official denied any selling activity but did not provide details on the specific wallet movements and did not confirm the current holdings.

According to CoinDesk, on-chain analysis firm Arkham Data shows that over the past year, wallets associated with Bhutan have seen outflows of approximately $1 billion in Bitcoin, with funds flowing to multiple trading platforms and trading institutions, reducing their holdings from about 13,000 BTC to around 3,100 BTC.Arkham speculates that there may be ongoing selling behavior, and if the trend continues, the relevant addresses may be cleared of holdings before October 2026. However, Bhutan's sovereign fund Druk Holding and Investments (DHI) stated that "they do not recall any recent Bitcoin sales," did not respond to specific changes in on-chain addresses, and did not confirm the current holding size, only emphasizing that there are no additional comments.The report points out that some of the fund inflow paths are related to institutions such as Galaxy Digital and OKX, leading the market to interpret this as selling or over-the-counter trading behavior, but there are also possibilities of transfers into custody, collateralization, or structured trading that do not involve selling. Additionally, some trading institution personnel stated that there has been no clear selling recently.Furthermore, Bhutan's previous commitment to a reserve of 10,000 BTC for the "Gelephu Mindfulness City" project has also been questioned due to potential sell-offs. Currently, there is still significant disagreement regarding its actual holdings and mining operations.

The co-founder of the Solana ecosystem DeFi project Ranger Finance, cobra (@barrett_io), posted on the X platform that Ranger Finance is gradually shutting down. The project took on business beyond its sustainable capacity, and the founder invested personal funds to maintain operations, but delays in financing led to the accumulation of bills. Ultimately, the financing was unsuccessful, and the raised funds were returned.The team is trying to fairly pay employees and suppliers with the remaining two months of operating funds, but it is insufficient to cover all expenses. The treasury liquidation was unexpected and severely impacted budget decisions. Subsequently, the Drift attack incident depleted the remaining funds and personal capital. Treasury users affected by the Drift attack will receive recovery tokens when distributed by the Drift team. The founder stated that in hindsight, the project should have been shut down earlier and apologized for this.

According to official news, the smart contract auditing platform Code4rena has announced that it will gradually cease operations, and the Web3 security company Immunefi will take over its clients and security researchers. Code4rena posted on social media that it has made the decision to shut down and stated that all ongoing competitions and bounty activities will be completed as usual, and existing collaborations will be "properly concluded." Immunefi stated that it will assist in migrating Code4rena's bounty projects, reward structures, and researchers to its platform.Code4rena is known for its "competitive auditing" model, where independent researchers compete to find vulnerabilities in smart contracts for rewards. This shutdown comes less than two years after blockchain security company Zellic acquired Code4rena in 2024. Previously, Code4rena raised $6 million from Paradigm in 2023 for auditing incentives and platform expansion.This shutdown comes at a difficult time for DeFi protocols and the security sector. Data from DefiLlama shows that there were over 20 crypto vulnerability incidents in April alone, setting a monthly record. JPMorgan analysts believe that ongoing DeFi security incidents are limiting major institutional investors from entering the market. Meanwhile, the total value locked in DeFi has decreased from about $160 billion in October to approximately $83 billion currently.

According to Arkham monitoring, Bhutan is selling Bitcoin and has just transferred 100 BTC ($8.1 million) from its holding wallet. At the current selling rate, its BTC will be depleted by the end of September.Since the beginning of the year, Bhutan has sold a total of $230.39 million in BTC, with remaining BTC valued at $252 million, selling about $50 million per month. If all remaining BTC is sold at the current price, its on-chain profit will reach $767 million.

The meme coin application Zap posted on platform X that it will shut down on June 1. The team aimed last year to develop an application that allows anyone to register and purchase their first meme coin within 30 seconds. Although they achieved this goal, it did not gain the expected market appeal.They advise users to log into their accounts and export their private keys before the shutdown on June 1, and recommend importing them into Phantom to continue accessing all assets. After June 1, users who have not exported their private keys can still securely access their funds through Privy Home.

The Bitcoin inscription browser Ord.io announced on the X platform that its platform will shut down on June 1. Launched three years ago, Ord.io was positioned as an Ordinals browser supporting voting features and has now developed into a Bitcoin inscription exploration platform used by over a million users.The platform previously launched the Satributes feature for discovering rare satoshis behind inscriptions, as well as the Block Vision feature for real-time monitoring of Runes minting activities. Ord.io will upload all historical voting records, replies, and public address information to GitHub to preserve relevant Bitcoin cultural data.

According to CoinDesk, the game public chain behind Axie Infinity, Ronin, will migrate from an independent sidechain to an Ethereum Layer 2 network through a hard fork on May 12, which is expected to result in approximately 10 hours of network downtime, during which all transfers, swaps, contract interactions, and on-chain gaming activities will be paused.This upgrade will introduce the OP Stack architecture and the "Proof of Distribution" allocation model, rewarding builders based on their actual contributions to the network, while significantly reducing the RON inflation rate from over 20% to less than 1%. Additionally, 90 million RON originally allocated for staking rewards will be moved to the treasury fund, and the market transaction fee will be increased from 0.5% to 1.25% to enhance security, scalability, and reshape the token economy.

Hut 8, a Bitcoin mining company, saw its stock price rise over 32% after the company signed a $9.8 billion leasing agreement for an AI data center campus designed based on NVIDIA's computing architecture.The deal marks the first phase of Hut 8's commercialization of the Beacon Point data center campus located in Nueces County, Texas. Hut 8 stated that tenants will use this computing infrastructure to support AI training and "large-scale inference workloads." Hut 8 said, "The site was initially underwritten for speed to power logic to serve Hut 8's associated client American Bitcoin Corp (ABTC), but as power demand accelerated and client needs expanded, it has been repositioned as AI infrastructure. Hut 8 has shifted Beacon Point from its original commercialization path with ABTC to deliver an AI data center campus with contracted, investment-grade cash flow, marking the first phase of value creation at the asset level for the campus."Hut 8 also announced its first-quarter financial report on Monday, recording a net loss of $253 million, an increase of 89% compared to a loss of $134 million in the same period last year. On the positive side, quarterly revenue rose to $71 million, primarily driven by $66 million in computing-related revenue.

According to PR Newswire, Nasdaq-listed Bitcoin mining company Hut 8 released its financial performance report for the first quarter of 2026, disclosing that the leases of its two large-scale artificial intelligence parks generated $16.8 billion in revenue. While advancing its AI data center business, its Bitcoin-related operations remain one of the core sources of income, with total revenue of $71 million in Q1, of which approximately $66 million came from ASIC computing power, AI cloud, and traditional cloud services, primarily driven by Bitcoin mining and related computing services.In addition, Hut 8 completed refinancing of its Bitcoin collateralized loans and released approximately 3,300 BTC (about $260 million) to enhance liquidity and support business expansion. As of the end of March, Hut 8 held cash and Bitcoin with a total value of approximately $1.3 billion, but due to fluctuations in digital asset prices, it recorded a net loss of $253 million for the quarter (of which approximately $296 million was unrealized losses on digital assets).

Bitcoin mining company and energy infrastructure platform Hut 8 announced that its subsidiary has reached a $200 million Bitcoin collateralized credit agreement with FalconX, replacing the previous financing arrangement from Coinbase Credit. The new financing has an annual fixed interest rate of 7.0%, a decrease of 200 basis points from the previous 9.0% financing from Coinbase; during the period from December 2023 to March 2025, the financing cost was as high as 10.5%–11.5%, with a cumulative reduction of up to 450 basis points, demonstrating progress in continuously optimizing debt costs.After this refinancing, Hut 8 has approximately 3,300 BTC converted to an uncollateralized state, valued at about $260 million based on the market value as of May 1, 2026, significantly enhancing its balance sheet flexibility and liquidity. Meanwhile, the credit structure maintains key risk control terms, including a limited recourse structure, a no-rehypothecation clause, and a fixed LTV threshold design, preventing additional margin calls triggered by a decline in Bitcoin prices.Hut 8's management stated that this financing not only reduces financing costs but also releases more uncollateralized Bitcoin assets, helping to enhance capital allocation flexibility across different market cycles; FalconX emphasized that this transaction reflects its ongoing expansion capabilities in institutional-level Bitcoin credit solutions.

According to official news, Tapp Exchange has announced that it will gradually cease operations. The protocol will remain fully available until May 31, 2026, and all user assets are secure and can be withdrawn at any time.Since its launch in June 2025, Tapp has built the first V4 style DEX on Aptos, continuously introducing the ve(3,3) voting mechanism, emission distribution, bribery infrastructure, and governance tools, transferring liquidity decision-making power to veTAPP holders.

According to Arkham monitoring, the Bitcoin holding address of the Kingdom of Bhutan has transferred BTC again, moving 102 BTC to a certain address about three hours ago, worth approximately 7.89 million USD. Currently, that address holds a total of 184 BTC transferred from the Kingdom of Bhutan.

According to Bloomberg, a project by Bitcoin mining company Hut 8 Corp is issuing investment-grade secured bonds to fund its data center construction associated with Google (Alphabet Inc.).The bonds have a maturity date of 2042, with an initial price guidance of approximately 2.13 percentage points above the benchmark yield. Previous reports indicated that the project plans to issue at least $3 billion in high-grade bonds for the construction of a 245-megawatt facility located in St. Francisville, Louisiana. The issuance is being managed by Goldman Sachs, JPMorgan, and Morgan Stanley.The 600,000 square foot project will generate revenue through a 15-year lease agreement worth approximately $7 billion signed with cloud computing startup Fluidstack, with Google providing financial backing for the lease payments and other obligations. A subsidiary of Entergy Corp. will supply power to the project under a service agreement.Hut 8 is a publicly traded Bitcoin mining company that is transforming into an energy and digital infrastructure company and holds a controlling interest in a U.S. Bitcoin company (associated with Eric Trump and Donald Trump Jr.).

According to DL News, the major Russian cryptocurrency exchange Grinex has ceased operations due to a suspected major cyber attack, reportedly resulting in losses exceeding 1 billion rubles (approximately 13 million USD). The platform claimed on Telegram that the attack showed "signs of involvement from foreign intelligence agencies."Grinex is the successor to the previously sanctioned and closed Garantex exchange, providing a financial channel for the Russian economy to evade sanctions. Experts point out that Grinex's closure is not only due to the hacker attack itself but, more importantly, it removes the trading platform that Russian businesses relied on to convert rubles into usable international currencies, causing "serious damage" to the infrastructure that allows Russia to evade sanctions, making it more difficult for the Russian economy to escape the pressure of sanctions.The exchange was sanctioned by Western authorities such as the U.S., U.K., and the European Union in August 2025. Meanwhile, the Russian economy continues to weaken, with Putin revealing that GDP fell by 1.8% in January-February this year, and maritime oil exports may drop to their lowest level since 2023.

According to Onchain Lens monitoring, the government of the Kingdom of Bhutan transferred 250 BTC for sale, worth 18.46 million USD.

The blockchain gaming infrastructure Lattice announced that it will gradually shut down its operations after five years, with its Layer 2 network Redstone ceasing operations on May 16, 2026, at 07:59.Lattice reminds users to withdraw their funds before this deadline, especially assets in contracts such as the Uniswap pool. After the shutdown, only L1 withdrawal contracts will be deployed for external account balance withdrawals, and the funds in the contracts will be irretrievable.It is reported that Lattice was founded in 2021 and developed tools such as the MUD framework, Redstone chain, Quarry, and Dozer, but failed to achieve a sustainable business model. The team will use the remaining funds for the final project DUST autonomous world, but the scale has not reached a level to support the business, and they do not believe that VC financing is the right path.