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Kaiko announced the acquisition of digital asset data and analytics provider Amberdata. After the completion of this transaction, Kaiko stated that it will form a comprehensive service capability covering digital asset market data, analytics, pricing, indices, and data infrastructure, and will continue to expand into the tokenized asset sector.

Vitalik Buterin once again proposed the concept of "synthetic stable assets," stating that the object of stability anchoring does not necessarily have to be the US dollar. He indicated that the core demand of users for stablecoins is price stability for future expenditures, but if the crypto ecosystem is built on US dollar-backed stablecoins, it is difficult to claim true decentralization.

According to CoinDesk, FalconX stated that on certain trading days, its trading volume on the decentralized derivatives platform Hyperliquid has surpassed that of Ethereum. Institutions and hedge funds are shifting from the range-bound Bitcoin and Ethereum to more volatile assets such as HYPE, Zcash, Venice, and AI concept tokens.FalconX pointed out that amid macro uncertainty and the outflow of funds from spot ETFs, the implied volatility of BTC and ETH is close to historical lows, and funds are seeking higher volatility targets. Hyperliquid attracts institutional funds looking to trade diverse assets in a 24/7 crypto-native environment by offering perpetual contracts for pre-IPO companies like SpaceX, tokenized stocks, commodities, and prediction markets. The platform's revenue is projected to be around $800 million in 2025.

According to The Block, Standard Chartered Bank's Head of Digital Asset Research Geoffrey Kendrick stated that Strategy's decision to reduce its holdings by 32 bitcoins last week may mark the beginning of a new phase of "outperformance" for Ethereum relative to Bitcoin. Kendrick pointed out that although the scale of the reduction is "very small," against the backdrop of Bitcoin's decline on that day, ETH/BTC experienced a significant upward movement rarely seen in recent years. He expects ETH/BTC to rise to about 0.04 by the end of this year, currently around 0.028. Kendrick maintains his price targets of $4,000 for ETH by the end of the year and $40,000 by 2030, and stated that the Ethereum treasury can "sell coins with zero necessity" through approximately 3% staking yields, making it easier to achieve a higher net asset multiple (mNAV) and financing capability compared to the Bitcoin treasury.

The cryptocurrency exchange Backpack announced the launch of Backpack Securities, allowing investors to buy, hold, and sell real stocks backed by regulated U.S. securities infrastructure through the platform, enjoying dividends, corporate actions, and rights under systems such as ACATS and DTCC. At the same time, holdings can be converted into tokenized securities that can be freely transferred and traded 24/7 on public chains like Solana. Orders go directly into the liquidity pool of the U.S. stock market, with transaction prices reflecting real market prices.The platform consists of two parts: one is a U.S. regulated brokerage and custody service that allows users to truly hold U.S. stocks and enjoy traditional brokerage rights such as cash dividends and corporate actions; the other is a collaboration with the Solana tokenization protocol Sunrise to convert stocks held by users into tokenized securities that can circulate on-chain.Backpack stated that related services are expected to be gradually launched starting in June, with tokenized stocks initially supporting wallets, DeFi protocols, and 24/7 trading on Solana, and may expand to more blockchains in the future.

According to The Block, Galaxy Digital has launched an over-the-counter prediction market trading desk aimed at hedge funds and family offices, with the first transaction being a $10 million Clarity Act-related contract reached with the crypto hedge fund Arca on Kalshi.As the primary market-making counterparty, Galaxy provides Arca with bilateral positioning and larger-scale liquidity. This service currently covers non-sports event contracts on Kalshi and Polymarket, encompassing markets such as economics, politics, and geopolitics, and plans to expand to more platforms. Galaxy can also hedge prediction market positions with stocks and commodity hedging portfolios, helping institutions manage multi-asset risk exposure around a single event in a unified manner.

The prediction market platform Polymarket has disclosed that it has completed its first institutional-level on-chain block trade, a six-figure dollar transaction executed by digital asset broker FalconX and AI risk clearing infrastructure startup Anera Labs on the Polygon blockchain. The transaction involved contracts related to the Ornn Compute Price Index, which is used to track the rental prices of NVIDIA H100 GPU chips.Polymarket stated that this is the first on-chain block trade involving institutional participation in the prediction market space. In the future, FalconX will also serve as the exclusive market maker for block trades on the Polymarket platform to support the liquidity needs and price discovery for institutional clients.

Tom Lee stated that the recent market anxiety, including the slight sale of Bitcoin by Strategy, is typical bottoming behavior rather than a deep-seated crisis. Michael Saylor sold 32 Bitcoins at an average price of $77,135, raising approximately $2.5 million to pay preferred stock dividends. This sale accounted for only 0.004% of the company's over 843,700 Bitcoin holdings. Furthermore, regarding the outflow of $3.4 billion from the U.S. spot Bitcoin ETF for 11 consecutive days, Tom Lee believes that capital outflow is a classic lagging indicator of market cycle reset. Bitmine's macro strategy has not changed, and its plan to purchase 111,942 Ethereum for approximately $237 million is still underway, with its Ethereum holdings currently reaching nearly 5.4 million.

According to Jinshi, Wall Street analysts have begun to adopt a skeptical attitude after two months of continuous gains in the stock market, and researchers are downgrading the ratings of S&P 500 constituent companies. Data from Jefferies shows that the proportion of constituent stocks receiving a "buy" rating is nearly the same as it was four years ago, far below the peak levels during the internet bubble. Jefferies Senior Vice President Andrew Greenberg stated that the sell-side has not yet shown any signs of buying.

According to the latest weekly report from Gate Ventures, macroeconomic and regulatory factors continued to dominate market sentiment over the past week.U.S. stock indices rose across the board, with the Nasdaq index leading with a 1.19% increase. The U.S. dollar index weakened to 98.942, reflecting a repricing of investor expectations regarding monetary policy. Although BTC and ETH ETFs recorded net outflows of approximately $1.42 billion and $240 million respectively, putting overall pressure on the crypto market, the process of institutionalization is still accelerating.On the industry front, asset tokenization and institutional applications became market highlights, with the regulatory framework continuing to improve. Stellar collaborated with DTCC to promote the implementation of asset tokenization, driving XLM to rise 83% in a single week; the U.S. Commodity Futures Trading Commission (CFTC) issued guidance on regulated cryptocurrency perpetual futures trading; Paxos became the first native crypto company to obtain SEC clearing agency status.In terms of investment and financing, a total of 7 financing transactions were completed last week, with a disclosed total financing amount of $521 million. Among them, Samsung invested $408 million in Dunamu, further reflecting traditional financial institutions' long-term optimism about digital asset infrastructure.

Tiger Brokers announced that on May 22, the Beijing Regulatory Bureau of the China Securities Regulatory Commission imposed administrative penalties on some of the company's subsidiaries and ordered the confiscation of illegal gains, totaling approximately 411 million RMB (about 59.7 million USD).The related penalties stem from some subsidiaries conducting unlicensed cross-border securities business within China, as well as illegal activities involving funds and futures business. The company sincerely accepts the penalties and has confirmed them as a significant matter following the first quarter. Considering the company's overall profitability and cash flow situation, this one-time expenditure will not have a significant adverse impact on the company's operational activities or long-term development.

According to PRNewswire, institutional-grade digital asset options and derivatives trading infrastructure provider SignalPlus has completed a $50 million Series B1 financing round, with a post-investment valuation of $500 million. This round was led by HashKey Capital, with follow-on investments from BlockBooster and AppWorks, and Goldman Sachs served as the exclusive financial advisor.It is reported that SignalPlus is headquartered in Hong Kong and is dedicated to building institutional-grade derivatives trading infrastructure for the converging capital markets. Its platform provides professional options analysis, real-time risk management, and trading execution tools for hedge funds, market makers, proprietary trading teams, and asset management institutions, covering both digital assets and traditional financial markets.

According to independent analyst Markus Thielen, Strategy recently made a small-scale sale of Bitcoin after the performance conference call in May, which the market interpreted as testing market reactions and the flexibility of capital allocation strategies.The analyst pointed out that although Strategy remains highly optimistic about Bitcoin, the success and expansion of the STRC preferred stock financing tool may take precedence in the overall financial arrangements. This move breaks the company's market image of "buying only, not selling" that has lasted for nearly six years. Considering Strategy's strong market influence on Bitcoin demand, this shift is quietly rewriting market expectations.

According to Cointelegraph, Bitcoin fell to a nearly two-month low on Tuesday, as the divergence between cryptocurrencies and traditional stock markets continued to deepen. Bitcoin briefly dropped to $70,023 on Coinbase, the lowest level since April 7, with a daily decline of over 4% and a weekly decline of 8%, down 44% from the October peak of $126,000.Meanwhile, the S&P 500 index set a new historical high of over 7,600 points on Monday, and the Nasdaq index peaked above 27,000 points. Andri Fauzan Adziima, head of research at Bitrue, stated that Bitcoin is currently the only major asset in a downtrend, and this divergence is worth noting, indicating that Bitcoin resembles a high-beta risk asset linked to macro sentiment rather than an independent hedging tool.Santiment noted that the gap between traditional stocks and cryptocurrencies has become hard to ignore, leading investors to increasingly prefer stocks over Bitcoin and altcoins, with capital often rotating from crypto to the stock market. However, Santiment pointed out that this pattern will not last forever; when mainstream influencers begin discussing the dominance of stocks, it usually indicates that market sentiment is overly biased towards stocks, and market trends often move contrary to the expectations of most traders.

The Liberal Democratic Party's Blockchain Promotion Parliamentary Alliance in Japan submitted a policy proposal to Finance Minister Katsuyuki Kitayama, calling for the clear inclusion of blockchain and Web3 in the national strategy. The proposal covers multiple areas including tax reform, cryptocurrency ETFs, leveraged trading regulation, responses to unregistered operators, cryptocurrency strategy, and trade logistics. Among them, the proposal suggests further research on the choice mechanism for "declaration separation taxation" and "withholding separation taxation" for crypto assets, and explores the tax treatment methods for exchanges and inheritance of crypto assets.In terms of derivatives regulation, the proposal believes that the current 2x leverage limit for individual cryptocurrency trading is too low and suggests gradually increasing the leverage level in conjunction with margin management systems. At the same time, the proposal also calls for a clear positioning of the cryptocurrency ETF system and strengthening law enforcement cooperation with overseas regulatory agencies. Katsuyuki Kitayama stated that he will actively promote the construction of related systems, including facilitating the implementation of cryptocurrency ETFs and researching a new tax system to be implemented in January 2028.

edgeX released an update regarding the abnormal price fluctuations of the EDGE token, stating that the protocol has not been compromised in any way, and this incident is not a hacker attack, exploit, or security vulnerability.Current confirmed information indicates that this is an attempt by certain external parties to deliberately manipulate the market price of EDGE, which is a matter of market integrity rather than platform security. The team is actively investigating and collaborating with relevant exchanges and platforms, and a comprehensive update will be released after the investigation is complete.

Uniswap founder Hayden Adams expressed deep gratitude for the long-term funding and multifaceted support provided by the Ethereum Foundation (EF), but specifically clarified that Uniswap was not incubated by EF, and that he participated as an external grantee with a close personal connection to EF.Previously, EF Chair Aya Miyaguchi and co-founder Vitalik Buterin publicly shared their views on the future direction of the Ethereum Foundation. Miyaguchi stated that part of the reason for proposing the EF mission framework at the end of last year was the issue of deviation in technical discussions.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "Roland Garros ATP: Frances Tiafoe vs Matteo Arnaldi," the "Over" option in the sub-market "Roland Garros ATP: Frances Tiafoe vs Matteo Arnaldi Set 1 O/U 8.5" experienced a dramatic fluctuation in winning probability, dropping from 81% an hour ago to the current 50% (a fluctuation of 31%). Please note the impact of related breaking news.