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U.S. Ethereum spot ETFs recorded a net outflow of approximately $28.1 million on May 20, marking the eighth consecutive day of outflows, according to data compiled by Farside Investors. - BlackRock ETHA: -$30.9 million - BlackRock Staking ETHB: +$4.4 million - Fidelity FETH: -$1.6 million

U.S. Bitcoin spot ETFs saw a net outflow of approximately $70.5 million on May 20, marking the fourth consecutive day of outflows, according to data from Farside Investors. - BlackRock's IBIT: -$61.5 million - Fidelity's FBTC: -$10.1 million - Morgan Stanley's MSBT: +$1.1 million

MAP Protocol announced on X that it has suspended the swap service between its BSC and ERC20-based MAPO tokens and its mainnet MAPO token. The move follows a hacking attack that resulted in the unauthorized minting of one quadrillion MAPO. The project has notified exchanges to halt deposits and withdrawals and has urged users not to trade MAPO from the compromised address on decentralized exchanges such as Uniswap and PancakeSwap. MAP Protocol plans to release a new contract address at a later date and will conduct an asset snapshot. All tokens held by the hacker's address will be invalidated and excluded from the snapshot and subsequent token swap.

An address linked to Galaxy Digital, starting with 0xBED9, purchased 158,100 HYPE ($8.8 million) over the past two hours, Lookonchain reported. Meanwhile, another new address, starting with 0x4CBB, withdrew 536,247 HYPE ($29.87 million) from Coinbase over the past two days. Withdrawals from exchanges are typically interpreted as an intention to hold.

Binance Futures announced that it will list SPCX/USDT perpetual futures at 4:45 a.m. UTC today. The platform will support up to 5x leverage.

Syndicate (SYND), which suffered a bridge hack last month, announced on X that it is ceasing operations after five years. The project stated that it is impossible to continue the business because the rollup market has contracted sharply and EVM rollups no longer function as the standard. It added that since the governance rights for the SYND token are held by a separate entity, the Syndicate Network Collective, there will be no immediate impact on token governance. However, the project plans to proceed with dissolution if a buyer is not found.

U.S. spot Hyperliquid (HYPE) ETFs have recorded their largest single-day net inflow. According to The Block, a total of $25.5 million flowed into the funds on Wednesday. The cumulative net inflow over the last seven trading days now stands at $54 million. 21Shares' Hyperliquid ETF (THYP) accounted for the largest share of Wednesday's activity, with $16.7 million in net inflows. The price of HYPE has risen 44.3% over the past seven days.

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $44.20 million liquidated (76.56% shorts) - ETH: $44.47 million liquidated (63.66% shorts) - ZEC: $28.99 million liquidated (94.32% shorts)

On-chain trading card platform Fantasy.top announced via X that it will terminate its service at the end of June. The project explained that while it had distributed over $20 million to users and $3.2 million to its "Heroes," or influencers, over two years of operation, the trading volume from its card model was insufficient for long-term sustainability. The announcement follows allegations of a soft rug pull raised by the project's angel investors in March, who claimed they had received no communication from the team following their investment.

A petition on the South Korean National Assembly's website calling for the repeal of virtual asset taxes has gathered over 50,000 signatures, meeting the threshold for it to be officially referred to a parliamentary committee for review. The petition, which was posted on May 13, met the requirement in about eight days. The petitioner argued that the current crypto tax system requires a fundamental review rather than simple amendments or another postponement. They stressed that imposing taxes without a sufficient institutional foundation, investor protection measures, and consideration for international equity and market conditions would likely only burden the public and hinder the industry's growth.

Mastercard announced it has acquired UK-based stablecoin infrastructure startup BVNK for $1.8 billion. BVNK supports stablecoin payments in over 130 countries and holds payment licenses in multiple nations. Through the acquisition, Mastercard plans to integrate stablecoins into the core infrastructure of its international remittance network, "Mastercard Move." Meanwhile, the company has halted its previously considered plan for a strategic investment in crypto firm Zerohash.

David Hoffman, host of the crypto podcast platform Bankless, announced that he has sold all of his ETH holdings. He did not disclose the specific amount.

Kalshi Inc. has raised an additional $200 million from new investors on top of a previous $1 billion funding round, Bloomberg reported. Venture capital firm Layer Global and British asset manager Baillie Gifford invested in Kalshi for the first time through this round.

A hack has occurred at RetoSwap, a Monero-based decentralized exchange (DEX), according to PeckShield. The attack resulted in the theft of 7,000 XMR, valued at $2.7 million.

Prosecutors in the U.S. state of Missouri have filed a lawsuit against cryptocurrency ATM operator CoinFlip, accusing the company of facilitating and profiting from fraudulent transactions, Cointelegraph reported. The state's prosecutors allege that CoinFlip was involved in scams targeting consumers, including elderly individuals and military veterans. This legal action follows an investigation into CoinFlip and several other crypto ATM companies that authorities launched last December. CoinFlip currently operates 136 crypto ATMs in Missouri and 4,229 across the United States.

An address believed to belong to venture capital firm Andreessen Horowitz (a16z), the largest known external holder of HYPE, has purchased an additional 2.597 million HYPE, worth $13.29 million, over the past 24 hours, according to AmberCN.

According to Lookonchain, two addresses linked to Grayscale have purchased and staked 510,387 HYPE, valued at $24.95 million, over the past two weeks. Grayscale has previously filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a spot HYPE exchange-traded fund (ETF).

Blockchain project TAC has published a post-mortem report on a $2.85 million Ton (TON) bridge exploit that occurred on May 11. According to the report, the attacker bypassed the bridge's code hash verification using a counterfeit contract that mimicked a jetton wallet. This exploit tricked the bridge into processing false inputs as legitimate USDT deposits, leading to the issuance of uncollateralized assets on the TAC side and the draining of locked assets from the TON side. The stolen funds were laundered across multiple networks via LayerZero and were immediately detected by security firm Hypernative, though initial recovery efforts failed. TAC stated that it has recovered most of the funds through direct negotiations and will use foundation funds to cover the remaining balance, ensuring all users are fully compensated. The project added that the patched sequencer will be gradually reactivated following external audits and peer reviews.

Comprehensive payment company NHN KCP is conducting a proof-of-concept (PoC) to test the viability of blockchain-based stablecoins, Newsis reported. The trial is being conducted on a payment-focused mainnet built in collaboration with the global blockchain platform Avalanche. Through a link with its simple payment service PAYCO, the company aims to introduce the industry's first comprehensive stablecoin payment ecosystem that bridges both online and offline transactions.

Plume, a blockchain project focused on regulated real-world assets (RWA), announced today that its Bermuda-based subsidiary, KDAB, has obtained a Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA). The move makes Plume one of a select group of global crypto firms licensed in Bermuda, alongside companies like Circle, Coinbase, and Kraken. According to the announcement, KDAB has now become the industry's first operator of a regulated on-chain vault. Plume CEO Chris Yin stated that the KDAB vault operates with regulated funds and high-quality assets from the U.S., Hong Kong, and other major countries. He added that the company is bringing the ETF model, which he described as the last major structural innovation in asset management, to an on-chain environment.

According to CoinNess market monitoring, BTC has risen above $78,000. BTC is trading at $78,000.05 on the Binance USDT market.

The U.S. Securities and Exchange Commission (SEC) has initiated a public comment period for prediction market ETFs, according to Bloomberg ETF analyst Eric Balchunas. He suggested that the SEC is deliberating on whether to approve the launch of these products and needs more time and market feedback. Balchunas added that, much like crypto ETFs, this is an entirely new type of product, and the commission appears to be seeking a full understanding before making a decision.

A buy-side sidecar has been triggered on the KOSPI after the index surged 5%.

Kim Nam-guk, a Democratic Party candidate for the June 3 parliamentary by-election in the Ansan Gap district of Gyeonggi Province, has been accused of violating the Public Official Election Act over an allegedly false declaration of his cryptocurrency holdings. According to The Fact, Kim's asset declaration submitted to the National Election Commission on May 14 for the by-election reported total assets of approximately 357.44 million won (about $263,000), which included 350 million won ($257,000) in debt, and virtual asset holdings of about 623.55 million won ($458,000). However, a previous disclosure made public in January by the Public Service Ethics Committee—required due to his former position as Secretary for Digital Communication in the Presidential Office—listed total assets of around 968.89 million won ($712,000), including 349.30 million won ($257,000) in debt, and virtual assets valued at approximately 1.21756 billion won ($895,000).

CoinMarketCap's Altcoin Season Index has risen to 39, an increase of six points from yesterday. The index is calculated by comparing the price performance of the top 100 coins, excluding stablecoins and wrapped coins, against Bitcoin over the last 90 days. An altcoin season is declared when 75% of these coins outperform Bitcoin over that period, while the opposite is considered a Bitcoin season. A score closer to 100 indicates a stronger altcoin season.