market

According to Cointelegraph, Wintermute stated that it is expanding its institutional trading business into prediction markets. Wintermute will provide two-way market liquidity for event contracts at major venues to reduce spreads, support larger trades, and improve the reliability of market implied probabilities.Jake Ostrovskis, Head of OTC Trading at Wintermute, stated that prediction markets possess data characteristics of major asset classes, but liquidity is still in the early stages. Continuous two-way liquidity can not only narrow spreads but also support larger trading volumes, thereby improving the signals contained in market prices.

According to the official announcement, the globally leading digital asset platform Gate has officially launched real stock trading services, allowing users to directly participate in the U.S. mainstream securities market for stocks and ETFs using USDT.Currently, Android users can experience the stock trading feature after updating the Gate App to the latest version, and iOS users can also use the related services after updating to version 8.21.5. Unlike the widely discussed stock tokenization and RWA mapping models in the current market, Gate's stock services do not involve on-chain mapped assets or tokenized derivatives. Instead, they connect directly to the real securities market through compliant brokers holding U.S. Broker-Dealer licenses and clearing qualifications, providing users with real stock trading services.The brokers partnered with Gate are also members of the Securities Investor Protection Corporation (SIPC) and can provide corresponding protection for customer securities assets under certain conditions. This model aims to enhance trading transparency, asset security, and investor protection mechanisms, and also reflects Gate's ongoing expansion in accessing traditional financial markets.

According to the official announcement, the globally leading digital asset platform Gate has officially launched real stock trading services, allowing users to directly participate in the U.S. mainstream securities market for stocks and ETFs using USDT. Currently, Android users can experience the stock trading feature by updating the Gate App to the latest version, while iOS users can access the related services after updating to version 8.21.5. Unlike the widely discussed stock tokenization and RWA mapping models in the current market, Gate's stock service does not involve on-chain mapped assets or tokenized derivatives. Instead, it connects directly to the real securities market through compliant brokers holding U.S. Broker-Dealer licenses and clearing qualifications, providing users with real stock trading services.The brokers collaborating with Gate are also members of the Securities Investor Protection Corporation (SIPC) and can provide corresponding protection for clients' securities assets under certain conditions. This model aims to enhance trading transparency, asset security, and investor protection mechanisms, reflecting Gate's ongoing expansion in accessing traditional financial markets.

Polymarket announced on Thursday that it has signed an exclusive partnership agreement with the Berlin digital football platform OneFootball, which will connect the prediction market to OneFootball's 200 million monthly active users and 645 million fan ecosystem about two weeks before the start of the 2026 FIFA World Cup. Polymarket will be the only prediction market partner within the OneFootball app, and competitors like Kalshi will not be allowed to enter this product.This is Polymarket's seventh major football partnership this year and the first collaboration aimed at media application distribution channels, having previously signed agreements with MLS, LaLiga, Serie A, Lazio, and DAZN.According to analysis by the Pew Research Center, since July 2024, sports have accounted for 39% of Polymarket's total trading volume. The 2026 World Cup champion market has seen a cumulative trading volume of over $1.2 billion since its launch last July, while the broader World Cup category market totals approximately $1.3 billion.OneFootball has previously launched the OFC token based on Base and Ethereum, as well as the points system BALLS. The integration with Polymarket will convert user engagement into actual transactions. OneFootball has raised over $300 million in funding, with investors including Liberty City Ventures, Animoca Brands, and Adidas.

According to SoSoValue data, the cryptocurrency market sectors are mixed, with the DeFi sector performing well, rising 2.43% in 24 hours. Among them, Hyperliquid (HYPE) increased by 4.14%, briefly breaking through $73 during the day, continuing to set historical highs, while LAB (LAB) rose by 21.78%.Other standout sectors include: the SocialFi sector, which rose 3.61% in 24 hours, with Toncoin (TON) increasing by 4.18%; the AI sector rose by 0.92%, with Worldcoin (WLD) increasing by 7.96%; the Meme sector rose by 0.25%, with Binance Life (币安人生) increasing by 21.61%.In other sectors, the PayFi sector fell by 0.04% in 24 hours, but Stellar (XLM) rose by 15.03%; the Layer1 sector fell by 0.35%, with Zcash (ZEC) relatively strong, rising by 5.07%; the Layer2 sector fell by 0.57%, with Linea (LINEA) rising against the trend by 2.66%; the CeFi sector fell by 2.72%, with Bitget Token (BGB) dropping by 6.00%.The cryptocurrency sector index reflecting historical market trends shows that the ssiSocialFi, ssiDeFi, and ssiGameFi indices rose by 5.41%, 1.43%, and 0.47%, respectively.

According to statistics from the tokenized asset data platform RootData, the total disclosed financing amount in the crypto primary market in May 2026 is approximately $2.21 billion, with a total of 62 financing events disclosed. In terms of the distribution of financing tracks, market funds are still mainly flowing into DeFi, infrastructure, and CeFi, while institutional attention on trading, payment, compliance, and institutional-level services continues to increase.DeFi has become the most active track this month, completing 26 financing events, covering areas such as stablecoins, liquidity protocols, on-chain trading, and yield strategies; the infrastructure track ranks second with 18 financing events, as capital continues to bet on underlying technologies, AI+Crypto, middleware, and on-chain scalability; CeFi has completed 12 financing events, although the number of events is less than DeFi, it performs outstandingly in terms of financing amount, with significant increases in large strategic financing.The top three projects by financing amount are: the parent company of the South Korean exchange Dunamu ($667 million), payment infrastructure project Reap ($600 million, acquisition), and institutional-level stablecoin infrastructure Arc ($222 million). In addition, the prediction market platform Kalshi ($200 million) and on-chain compliance company Elliptic ($120 million) also received significant financing. The top five financing projects this month totaled over $1.9 billion, accounting for about 85% of the overall disclosed financing scale.In May, multiple high-value financings were concentrated in the fields of exchanges, payment infrastructure, prediction markets, and on-chain compliance analysis. In particular, projects related to trading and institutional services such as Gemini, Coincheck, SignalPlus, Variational received financing, indicating that the market is positioning itself around the next phase of incremental funds and institutional demand.In terms of investment institutions, Kraken, Paradigm, Sequoia Capital, Coinbase Ventures, Dragonfly, HashKey Capital continue to remain active, with top capital preferring to bet on projects with clear business models and institutional service capabilities. Overall, the financing market in May shows a trend of gradually returning from high narrative-driven to infrastructure, financial services, and real demand scenarios.

According to Gate market data, the South Korean KOSPI index's early gains expanded to 1%, and the Nikkei 225 index is currently up 0.65%, both reaching historical highs. SoftBank Group's stock price rose by 6%.

According to Coingecko data, HYPE's market capitalization has surpassed Dogecoin (market cap of 15.371 billion USD), currently reported at 15.401 billion USD, ranking as the tenth largest cryptocurrency by market cap. HYPE's price is currently reported at 69.13 USD, with a 24-hour increase of 2%, a 7-day increase of 9.2%, and a 30-day increase of 68.9%.

According to analyst Darkfost citing CryptoQuant data, Binance experienced a net outflow of stablecoins of approximately $1.2 billion, marking a reversal after two consecutive months of inflows, indicating that liquidity in the crypto market continues to weaken. As the largest crypto trading platform, Binance's stablecoin reserves have decreased from $51 billion in November 2025 to $44 billion.Darkfost believes that although Bitcoin has rebounded since the beginning of the year, it has not yet established a sustainable trend supported by continuous liquidity. Currently, this rebound seems more like a technical bounce after being oversold.

According to Cointelegraph, there is a clear divergence in the industry's views on the current trends in the cryptocurrency market. Economist Timothy Peterson stated that Bitcoin may slowly rise in the summer, expecting to reach a temporary peak by the end of July and perform relatively flat.

After Binance announced the release of a new product on June 1, Zhao Changpeng shared the relevant news and humorously commented, "I hope it's true."Stimulated by the news, the market began to speculate on the new business direction, with some opinions suggesting it may be related to investment channels in the U.S. stock market.

a16z Crypto published an article analyzing the unique value and challenges faced by prediction markets. Prediction markets allow participants to trade on the outcomes of events, aggregating dispersed information through price signals to provide real-time estimates of the probabilities of future events. Unlike traditional polls, prediction markets have the ability to update in real-time and incentivize participants to bet their capital on their information, thereby improving prediction accuracy.The article points out that prediction markets are used not only by companies for product launches and research experiment forecasts but also by the media as a source of "crowd wisdom," covering a wide range of events from geopolitical issues to AI model performance. Its core advantage lies in providing independent probability estimates for specific events, rather than relying on indirect signals from overall asset price movements. However, prediction markets still face challenges related to infrastructure and market design, including event verification, contract settlement, participant information adequacy, and potential manipulation risks.a16z believes that if these issues are resolved, prediction markets are expected to become important tools for decision-making and information aggregation, expanding financial and societal insights into future events.

According to CoinDesk, digital asset management company Grayscale pointed out in its latest report that the decentralized trading platform Hyperliquid is rapidly evolving from a cryptocurrency perpetual contract exchange into a blockchain financial infrastructure platform, and may even challenge traditional derivatives trading and exchange systems in the future, growing into a "financial services giant."The report shows that Hyperliquid is expected to achieve approximately $800 million in revenue by 2025, with an annual perpetual contract trading volume of about $2.9 trillion and an open interest size of around $7 billion, occupying a significant share of the cryptocurrency derivatives market. Grayscale believes that the platform is no longer limited to cryptocurrency trading but is expanding into tokenized stocks, commodities, and prediction markets through the HIP-3 and HIP-4 systems, gradually building an all-weather on-chain trading infrastructure.FalconX also pointed out in another report that Hyperliquid is competing with traditional derivatives exchanges such as CME Group and prediction market platforms like Kalshi and Polymarket, making progress in new markets such as Pre-IPO. The report also emphasizes that regulation remains a key variable. Although Hyperliquid currently restricts access for U.S. users, as the regulatory framework becomes clearer and institutions like Coinbase, Robinhood, and Kraken explore perpetual contract products, this sector may welcome broader growth opportunities in the future.

The probability of "Selling Bitcoin before May 31" on Polymarket has dropped to 23%, a 17% decrease in 24 hours. Additionally, the probability of selling before June 30 is 67%, a 6% decrease in 24 hours; the probability of selling before December 31 is 88%, a 3% decrease in 24 hours. Today, Strategy withdrew 411 BTC from Coinbase, the same amount that was deposited the previous day, suspected to dispel rumors of selling coins.According to market news, Odaily Seer’s prophet channel continues to pay attention to the prediction market, noticing changes before pricing.

U.S. SEC Chairman Paul S. Atkins stated during a speech at the 2026 Reagan National Economic Forum that the U.S. Securities and Exchange Commission is advancing the "New Era of the SEC" regulatory reform, focusing on modernizing digital asset regulation, promoting the development of on-chain capital markets, and supporting the U.S. to become a "global crypto hub."Paul Atkins criticized the previous SEC's "regulatory hostility" towards the digital asset industry, stating that a large amount of crypto innovation was forced to move overseas as a result. He mentioned that with the support of the Trump administration, the SEC has launched "Project Crypto" and is collaborating with the U.S. Commodity Futures Trading Commission to promote on-chain market infrastructure and coordinate crypto regulation.The SEC has recently clarified which digital assets are considered securities and which are not, and is advancing an innovative exemption mechanism for "tokenized listed securities," while also studying how on-chain trading systems can fit within the existing regulatory framework.In addition, Paul Atkins emphasized that the SEC will reduce "over-disclosure" and regulatory burdens, promoting the "Make IPOs Great Again" reform, which includes lowering compliance costs for listed companies, increasing IPO flexibility, and formally proposing the repeal of climate disclosure rules introduced during the previous administration. The future of the U.S. capital markets should be built on a foundation of "free markets and innovation-driven" principles, and the role of regulatory agencies should be to provide clear rules and legal certainty, rather than suppressing technological development.

Hyperliquid's lobbying organization, Hyperliquid Policy Center, issued a statement welcoming the U.S. Commodity Futures Trading Commission (CFTC)'s latest regulatory initiatives, including the approval of the first listed perpetual contract in the U.S., the release of a policy statement on the listing of perpetual derivatives, related interpretive guidance, and a no-action relief letter, as well as staff consultation documents regarding 24/7 trading, clearing, and settlement.The Hyperliquid Policy Center stated that these initiatives represent the first time in a long while that regulators have explicitly acknowledged the legitimacy and importance of perpetual contracts in price discovery and risk management. It pointed out that past regulatory uncertainty has led to related markets and liquidity flowing overseas, weakening the U.S.'s competitiveness in the global derivatives market.The Hyperliquid Policy Center also expressed its eagerness to work closely with the CFTC to promote the establishment of a regulatory framework that applies not only to centralized intermediaries but also to on-chain protocols. Currently, most perpetual contract trading activities actually occur in on-chain markets.

Michael Saylor posted on the X platform, stating that CFTC guidelines promote the development of the Bitcoin capital market, including around-the-clock trading, BTC collateral, perpetual futures, options, and regulated access. This will benefit BTC holders, support the MSTR engine, and facilitate the development of STRC as Bitcoin-backed digital credit.