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Lookonchain reported that an anonymous address (starting with 0x8652), which previously profited from long positions on Zcash (ZEC) and Hyperliquid (HYPE), has opened a 25x leveraged long position on Ethereum (ETH) worth $38.63 million. The address had earned approximately $7.5 million in profit from its ZEC and HYPE positions over the past four days. The average entry price for the new ETH long is $2,133.19, with a liquidation price of $1,949.67.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom section shows the Cumulative Volume Delta (CVD). - The top Volume Heatmap tracks the volume of trades at specific price levels. The background color becomes brighter when the price lingers in a certain range or moves significantly. Brighter areas may act as potential support or resistance levels. - The bottom Cumulative Volume Delta (CVD) indicator represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. For example, the yellow line indicates orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

According to GMGN monitoring, the Solana ecosystem meme coin "WORLDCUP" has maintained a 90% gain over the past 24 hours. Its on-chain trading volume stands at $8.2 million. Among the 48 national team-themed meme coins, "FRANCE" currently has the highest market capitalization and is up 11% on the day.

Nomura Securities said it now expects the U.S. Federal Reserve to keep interest rates unchanged through 2026, citing rising inflation and weakening support for policy easing among Fed officials. In a May 21 report, the firm explained that while "new Fed Chairman Kevin Walsh may still be motivated to ease policy, recent data and comments from Fed officials raise doubts about his ability to persuade a majority of the Federal Open Market Committee to support a rate cut." Nomura had previously forecast two 25 bp rate cuts this year, one in September and another in December.

Garrett Jin, founder of the fraudulent cryptocurrency exchange BitForex, has placed a $36 million limit order to short ZEC. He has also placed an additional buy order for HYPE.

According to the latest data from the Chicago Mercantile Exchange (CME), the cumulative notional trading volume for all XRP futures products reached approximately $63 billion as of May 15. This comes roughly one year after the contracts first launched on May 19, 2025.

Nexpace (NXPC), a Web3 IP expansion initiative for MapleStory Universe (MSU), announced on X that it is launching a $10 million buyback program for its native token. The project team stated that it has burned a total of 8.32 million NXPC to date and that the new buyback aims to enhance the long-term stability and sustainability of its ecosystem. The buyback will be conducted on global cryptocurrency platforms and implemented in stages over the next three months.

A whale address known as '1011,' which previously suffered a liquidation of approximately $230 million, has opened a $1.26 million 3x short position on ZEC, according to on-chain analyst ai_9684xtpa. The whale also holds a $39.21 million 5x long position in BTC and $2.49 million in spot HYPE.

Decentralized prediction market Polymarket has begun lobbying efforts to enter Japan, aiming for official government approval by 2030, Bloomberg reported. The company currently restricts users in Japan from placing bets on its website and app due to regulatory issues. The move into the Japanese market is reportedly driven by a growing need to secure new users amid regulatory pressure in the U.S. and the rise of competing platforms such as Kalshi.

Five cryptocurrency projects have announced they are ceasing operations this week, citing a sharp decline in users and investment amid the prolonged market downturn, Cointelegraph reported. The affected projects are: - Ethereum infrastructure firm Syndicate Labs - Crypto ATM provider Bitcoin Depot (BTM) - Card trading platform Fantasy.top - Cross-chain infrastructure project Everclear - Ethereum Layer 2 solution Zero Network Cointelegraph added that over 5,000 people have been laid off across the crypto industry this year, with major public companies like Coinbase (COIN) and Galaxy Digital (GLXY) also reporting first-quarter losses. In contrast, services that link traditional financial products to the blockchain or cater to existing demand, such as Hyperliquid (HYPE) and Polymarket, have continued to show growth.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $49.83 million liquidated (52.43% longs) - ETH: $34.65 million liquidated (59.92% longs) - HYPE: $27.63 million liquidated (73.41% shorts)

U.S. spot Ethereum ETFs saw a net outflow of approximately $32.55 million (49.2 billion won) on May 21, marking the ninth consecutive trading day of net outflows, according to data compiled by Trader T. - BlackRock ETHA: -$38.01 million - Bitwise ETHW: +$2.14 million - BlackRock Staking ETHB: +$3.32 million

Circle (CRCL) CEO Jeremy Allaire announced via X that the company plans to launch cirBTC, a wrapped Bitcoin based on direct custody from a regulatory-compliant institution. He added that cirBTC will be 1:1 backed by actual BTC held by Circle and will be issued on the Ethereum network and Circle's Layer 1 chain, Arc.

Jia, a financial platform for small and medium-sized enterprises (SMEs) in Southeast Asia, announced it has raised $3 million in a seed round led by Coinbase Ventures. Other participants in the round included the Stellar Development Foundation, A100x, TCG, and Hashed Emergent. Jia is developing a solution to address the funding challenges of Southeast Asian SMEs by providing on-chain capital powered by AI and blockchain. The latest investment brings Jia's total capital raised to $7.3 million. The company plans to use the funds for further development, including building out its operating system and dashboard.

U.S. spot Bitcoin ETFs saw their fifth consecutive day of net outflows on May 21, with approximately $100.81 million (152.2 billion won) exiting the funds, according to data compiled by Trader T. - BlackRock's IBIT: -$103.64 million - Ark Invest's ARK: +$2.83 million

Chun Wang, founder of F2Pool, a major crypto mining pool with Chinese roots, is set to command a manned SpaceX flyby mission to Mars. The two-year mission is scheduled to leave the Earth-Moon orbit, fly past Mars, and then return to Earth.

Ethereum Layer 2 project Zero Network is shutting down its operations a year and a half after its launch, The Block reported. Zerion, the crypto wallet company behind the project, announced that it will be ending Zero Network's operations to focus its team's resources on its API and wallet. Users who have deposited assets on the network must complete their withdrawals by the end of July. The bridging service for deposits has already been suspended.

Bithumb has announced it will list OPG for trading against the South Korean won.

The hacker behind the Verus Ethereum cross-chain bridge exploit has returned 4,052.4 ETH, worth $8.5 million, according to PeckShield. The funds, which represent 75% of the total amount stolen, were transferred to the Verus team's address. The remaining 25%, amounting to 1,350 ETH ($2.8 million), will be kept by the exploiter as a white-hat bounty.

An analysis from XWIN Research Japan suggests that the Federal Reserve under new Chairman Kevin Warsh is likely to prioritize monetary tightening, making metrics like the Coinbase Premium and exchange netflows key indicators for BTC's direction. In a contribution to CryptoQuant, the research firm noted that concerns over prolonged tightening could weaken BTC demand, lower the Coinbase Premium, and increase exchange inflows, creating downward pressure. However, the analysis also suggests that a recovery in spot Bitcoin ETF inflows could generate new capital flows, potentially offsetting these effects.

Tom Lee, Chairman of Bitmine (BMNR), has stated that Ethereum is poised to become the core payment infrastructure for the finance and AI industries. In a post on X, Lee argued that Ethereum's leadership and robust developer ecosystem will solidify its position as a key payment layer for both sectors. He compared the current market sentiment to the pessimism seen at the bottom of past crypto winters, noting that blame games and extreme negativity were widespread among market participants at the time. Lee further emphasized that blockchain is likely the only way for agentic AI to interact in commerce and that it will also significantly improve the revenue structure of the financial system.

Russia's Ministry of Finance has finalized a regulatory bill that maintains a ban on the use of non-custodial cryptocurrency wallets by individuals, local media outlet Bits reported. The final version of the bill, set to be announced next week, makes an exception for participants in foreign economic activities, such as importers. Under the proposed law, ordinary individual investors would only be permitted to trade cryptocurrencies through intermediaries licensed by the Russian central bank. The move comes despite opposition from the State Duma's financial market committee, which had argued against the central bank's push to prohibit personal wallets. If the bill is enacted, all individuals and institutions in Russia will be required to trade cryptocurrencies exclusively through central bank-licensed exchanges and intermediaries starting July 1.

According to HyperInsight, Jeffrey Huang, a famous Taiwanese singer also known as Machi Big Brother, has increased his 25x ETH long position to 6,375 ETH ($13.5 million). The entry price is $2,127.73, with a liquidation price of $2,089.42.

An address believed to belong to crypto venture capital firm Polychain Capital unstaked 122 million EIGEN, worth $23.88 million, seven hours ago, EmberCN reported. This amount represents 16.5% of the total EIGEN supply. Polychain Capital is a major investor in EigenLayer.

Germany's Federal Parliament (Bundestag) has rejected a tax reform bill that would have eliminated the country's long-standing tax exemption for crypto capital gains, according to a media outlet. The proposal, introduced by the German Green Party, sought to abolish the current policy that makes capital gains tax-free when cryptocurrencies are sold after being held for more than one year. The Green Party argued that crypto assets should be subject to the same tax rules as other investments. However, opponents contended that the measure could have imposed a higher tax burden on crypto investors compared to those in traditional stocks. The Green Party had estimated that repealing the exemption could generate approximately €11.4 billion ($12.3 billion) in additional annual tax revenue for the government.