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Anonymous trader Evaded (@ICanPlug) has opened a $74.51 million short position in BTC, equivalent to 990 BTC, according to Onchain Lens. The position is currently showing a profit of approximately $1 million. Prior to opening the BTC short, the whale trader had closed long positions in HYPE, ZEC, and ETH, realizing a profit of $4.56 million.

Leading real-world asset (RWA) tokenization platform MSX has announced a deposit cashback event for on-chain U.S. stock investors. The event runs from 2:00 p.m. UTC on May 22 to 9:59 p.m. UTC on May 31. New users who meet net deposit requirements and complete at least one RWA trade will be eligible for a cashback reward from a 10,000 USDT prize pool. The maximum reward per person is 300 USDT, and the event will conclude once the prize pool is depleted.

The spot CVD chart provides an order book analysis for the BTC/USDT spot pair. The top section shows a volume heatmap, while the bottom represents the cumulative volume delta (CVD). - The volume heatmap at the top 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 cumulative volume delta (CVD) indicator at the bottom shows buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line represents orders between $100 and $1,000, and the brown line indicates large orders between $1 million and $10 million.

The Altcoin Season Index from crypto data platform CoinMarketCap has fallen one point from yesterday to 40. The index measures whether an altcoin season is underway by tracking if 75% of the top 100 cryptocurrencies, excluding stablecoins and wrapped coins, have outperformed Bitcoin over the past 90 days. The opposite scenario is considered a Bitcoin season. A reading closer to 100 indicates a stronger altcoin season.

The U.S. Securities and Exchange Commission (SEC) has approved the listing of index options based on the price of Bitcoin on Nasdaq, Bloomberg reported on May 23. The product will provide U.S. stock investors with more ways to bet on Bitcoin's price movements, in addition to options on the iShares Bitcoin Trust ETF and similar ETFs.

Two new wallets believed to be linked to Bitmine have received a total of 60,000 ETH from the exchange Kraken and digital asset custodian BitGo. At current market prices, the transfer is valued at approximately $125.9 million.

A crypto wallet believed to belong to BitMEX founder Arthur Hayes has deposited 115,453 HYPE, worth approximately $6.33 million, and 1.76 million AERO, valued at around $785,000, to the Bybit exchange. The wallet currently holds 247,334 HYPE, worth an estimated $13.6 million.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

The three major U.S. stock indices closed higher today. - S&P 500: +0.37% - Nasdaq: +0.19% - Dow Jones: +0.58% Qualcomm (QCOM) surged 11.6%, leading the rally in AI semiconductor stocks, while AMD also rose by about 4%.

Negotiations on contentious issues are still underway with no final agreement yet reached, Iran's Tasnim News Agency reported, citing a source. The source noted that while progress has been made on some agenda items, a final deal will not be concluded until an agreement is reached on all outstanding issues.

The odds of Bitcoin reaching $75,000 in May have surged on the prediction market Polymarket. In a sub-market of the main betting event, "What price will Bitcoin reach in May?," the probability of the "Yes" option winning jumped from 58.5% to 79.5% over the past hour. This marks a 21 percentage point increase in just one hour.

Tatyana Denisova, chief operating officer of Robinhood's crypto division, is leaving the company after five years, CoinDesk reported. The move follows a period of worsening performance driven by a slowdown in the platform's crypto trading. In the first quarter of this year, Robinhood's crypto revenue plummeted 47% year-over-year to $134 million, falling short of estimates. According to a media outlet, the personnel change is part of Robinhood's broader effort to restructure its business and reduce its dependence on crypto market volatility.

Cardano (ADA) founder Charles Hoskinson has issued a stark warning regarding an ongoing governance budget vote. He stated on social media that if the current research and infrastructure treasury proposal is rejected, Cardano will lose its core developer group. This, he added, would inevitably lead to the closure of the network's flagship development arm. The $46.8 million budget proposal, requested by ecosystem developer Input Output (IO), is currently facing significant opposition and abstentions from governance representatives (DReps), leaving it far short of the 67% approval quorum required for passage. Hoskinson emphasized that the technological foundation built over the past 10 years is at risk of collapsing, stressing that the budget is a necessary measure to protect the ecosystem's future technological capabilities, independent of his personal involvement.

Major exchanges have seen $327 million worth of futures liquidated in the past hour. In the past 24 hours, $469 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $76,000. BTC is trading at $75,863.99 on the Binance USDT market.

Binance founder Changpeng Zhao stated on his X account that while people are trained to pursue "more of everything"—becoming bigger, earning more money, accumulating more crypto, managing more AI agents, making more friends, launching more projects, and creating more plans—this ultimately leads to greater unhappiness. "Happy people live simple daily lives while maintaining a small number of friendships," he said.

Major exchanges have seen $136 million worth of futures liquidated in the past hour. In the past 24 hours, $281 million worth of futures have been liquidated.

The U.S. Securities and Exchange Commission (SEC) has decided to delay its plan to permit the trading of tokenized stocks, citing market concerns and backlash, Bloomberg reported.

Global cryptocurrency exchange Coinbase has announced that it now supports trading for Axelar (AXL) for customers residing in New York state.

An analysis suggests that Bitcoin's ability to defend the +0.5 level on its price momentum indicator is a critical warning sign for a potential major downtrend. A drop below this threshold is seen not as a sign of immediate collapse, but as a first signal that upward momentum is weakening and selling pressure is taking over. The indicator has proven reliable historically. During a correction in mid-2025, for instance, cooling momentum was offset by strong whale accumulation, measured by spot CVD, resulting in range-bound trading. However, the last two times the indicator broke below +0.5, it led to a market collapse in October 2025 and a panic sell-off in February 2026. Currently, the momentum indicator remains above +0.5, but spot CVD is weakening. The Bitcoin Vector account noted that if momentum also gives way while spot buying is weak, it would be a powerful signal that a full-blown downtrend has begun, warranting increased caution. Bitcoin's price momentum, scored from -1 to 1, was at 0.9 until mid-May and is now around 0.7.

Cross-chain infrastructure platform Squid has raised $6 million in a strategic funding round. The round was led by North Island Ventures, with participation from Ripple, Dialectic, and Borderless. This brings Squid's total funding to $13.5 million. Launched in 2023, Squid is a platform that supports asset transfers across more than 100 blockchains, including Bitcoin, Ethereum, and Solana, and has processed over $6 billion in transaction volume to date. The company plans to use the new capital to accelerate the development of a new consumer product aimed at helping users access and manage their crypto assets.

Minnesota's recent enactment of a law allowing state-chartered banks and credit unions to offer cryptocurrency custody services is a strategic move to protect its local economy from large Wall Street institutions, CoinDesk reported. The legislation, a first for a U.S. Midwestern state, addresses concerns over significant capital flight to major crypto platforms in other states. This outflow has reportedly depleted funds available for reinvestment in the local community, such as small business and home mortgage loans. The law also aims to bolster the competitiveness of local financial institutions as Wall Street expands its digital asset infrastructure through stablecoins and tokenization. Effective Aug. 1, 2026, the law requires Minnesota-based institutions to meet strict federal compliance standards. It is expected to help them attract younger customers and prevent further deposit outflows by accommodating alternative assets.

A spokesperson for the Iranian Foreign Ministry said that multiple visits or talks over weeks or months do not necessarily lead to a conclusion, adding that diplomacy takes time, the Islamic Republic News Agency (IRNA) reported.

A spokesperson for the Iranian Foreign Ministry said it is not yet possible to confirm that an agreement is imminent, emphasizing that the core of the negotiations is to end the war, according to Iran's Tasnim News Agency.

Whale Alert reported that 284,196,459 USDC has been transferred from an unknown wallet to Coinbase. The transaction is valued at about $284 million.