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WTI crude oil has fallen below $90 per barrel for the first time since May 7.

The ceasefire agreement between the U.S. and Iran, first reached in early April, has been extended for another 60 days, Nikkei reported. The extension allows ships from all nations to resume free and safe passage through the Strait of Hormuz.

Yooldo Games, the operator of ESPORTS, announced via its official X account that it is aware of the recent sharp decline in the token's price. The company stated it is actively investigating the cause and details of the drop and will release its findings upon completion of the inquiry. According to CoinMarketCap, ESPORTS is trading at $0.05639, down 92.2% over the past 24 hours. The price collapse was preceded by a deposit of $13.9 million worth of ESPORTS to Kraken from an address associated with the token's deployer.

The United States and Iran have reached a draft agreement, according to Arab satellite broadcaster Al Arabiya. The draft includes provisions to guarantee free passage and remove mines in the Strait of Hormuz, with navigation to be normalized within 30 days. Additionally, the U.S. has agreed to ease its blockade on Iranian ports and permit the sale and export of Iranian oil. The deal also outlines specific sanctions waivers for Iran's oil exports, with a phased easing of sanctions contingent on Iran's compliance. Both sides have also committed to continuing nuclear negotiations to achieve a long-term agreement.

AI agents have settled over $73 million through 176 million on-chain transactions over the past year, with 98.6% of the payments made in USDC, according to a recent report from crypto market maker Keyrock. The report, which covers the period from May 2025 to April 2026, found that the average payment per transaction by these agents ranged from $0.31 to $0.48, indicating the emergence of a machine-centric micro-payment economy. Keyrock also noted that while low-cost stablecoins are becoming essential infrastructure for this machine economy, the reliance on the regulatory status and stability of stablecoin issuers is a concern. The report added that regulatory frameworks from national authorities also remain underdeveloped.

According to officials, a draft agreement between the U.S. and Iran includes provisions for the U.S. to ease its blockade on Iranian ports and grant specific sanctions waivers for the country's crude oil exports. The easing of oil sanctions would be considered in phases, contingent on Iran's compliance with the deal. The draft also stipulates that navigation in the Strait of Hormuz must be normalized within 30 days.

As Hyperliquid (HYPE) surged past $64 to a new all-time high, whales have shown conflicting movements, with both large-scale accumulation and profit-taking occurring simultaneously, according to an analysis by BeInCrypto. Some, including BitMEX co-founder Arthur Hayes and Garrett Jin, founder of the fraudulent crypto exchange BitForex, appear to be betting on a continued rally by withdrawing their holdings from exchanges. However, several anonymous whale addresses are showing signs of profit-taking, having submitted limit sell orders worth millions of dollars. The outlet added that HYPE's future direction will be determined by whether buying pressure can absorb the volume from those cashing out.

The Spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot trading pair. The upper section shows the Volume Heatmap, while the lower section displays the 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. These brighter areas may act as potential support or resistance zones. - The Cumulative Volume Delta (CVD) indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. For example, the yellow line tracks orders between $100 and $1,000, while the brown line represents large orders from $1 million to $10 million.

U.S. officials have stated that disagreements over wording related to Iran's nuclear program and the lifting of sanctions are hindering a final agreement, CNN reported. Despite this, both sides remain optimistic that the issues will be resolved soon. A U.S. official described the arrival of an Iranian delegation in Qatar on May 25 as a positive sign, noting the presence of high-level negotiators from Tehran and Qatar's capacity to mediate.

Crypto market activity slowed last week, with stablecoin liquidity decreasing by $687 million, Lookonchain reported in a weekly update. Trading volumes for both spot and perpetual futures on decentralized exchanges (DEXs) also declined. Lookonchain added that while four publicly traded companies purchased a total of 612 BTC, Strategy (MSTR) and Bitmine (BMNR) made no additional crypto purchases and remained on the sidelines.

BNB Chain announced the launch of the Agent Survival Toolkit, developed in collaboration with six AI partners, to support autonomous on-chain payments for AI agents. Payments can be made using BNB or BEP-20-based cryptocurrencies, with settlements occurring on the BNB Smart Chain (BSC). The collaborating partners include Alt AI, Pieverse, Bankr, WorldClaw, B.AI, and AEON. Participating projects will be able to run on-chain incentive programs without any additional registration process.

The cryptocurrency market could eventually grow to a size of $100 trillion, and most investors are underestimating the growth potential of both AI and crypto, said Real Vision founder Raoul Pal. According to The Crypto Basic, Pal argued in a conversation with macro investor Julien Bittel that with the market currently at just $2.5 trillion, there is no reason to sell crypto given its long-term prospects. He advised investors not to react emotionally to short-term market volatility and to sell only when absolutely necessary, emphasizing that temporary corrections are not a reason to exit the market. Pal highlighted that the adoption of blockchain technology is accelerating as it becomes integrated with AI, robotics, and digital identity systems. He added that regulatory progress, such as the CLARITY Act, will also contribute to broader adoption.

Bitcoin is stabilizing amid declining trading volume and cautious investor sentiment, according to a weekly report from Glassnode. The report notes that after falling from $79,000 to $74,000, BTC recovered to $77,000. While price momentum has somewhat softened, market sentiment appears to be finding a balance. Glassnode pointed to rising funding rates paid by long positions as a sign of optimistic sentiment. Additionally, the Market Value to Realized Value (MVRV) for spot ETF investors has increased slightly, indicating growing unrealized profits. However, the report also highlighted a pessimistic aspect, as the realized profit-to-loss ratio shows more losses being realized than profits, and liquidity indicators suggest a decrease in speculative activity. Overall, Glassnode concluded that the market is currently in a phase where risk appetite coexists with cautious sentiment.

An anonymous whale address has deposited 17.56 million ENA, worth $1.78 million, to crypto market maker Wintermute, realizing an estimated loss of $3.6 million, Onchain Lens reported. The address, which begins with 0x7BE1c, had previously withdrawn the tokens from Wintermute and Binance when they were valued at $5.38 million.

U.S. Bitcoin spot ETFs have experienced mostly net outflows since May 7, with the trend continuing for over two weeks and increasing institutional selling pressure, Glassnode reported via its official X account. Glassnode analyst CryptoVizArt added that total ETF trading volume has fallen from over $50 billion daily at the end of last year to under $20 billion currently. The analyst noted that this indicates interest in BTC exposure from the traditional finance market has virtually disappeared.

An anonymous whale address starting with 0xeb17 deposited 5,637 ETH ($11.92 million) to OKX about an hour ago, Onchain Lens reported. Deposits to exchanges are typically interpreted as an intention to sell.

An address suspected to belong to Garrett Jin, founder of the fraudulent crypto exchange BitForex, lost over $200 million on an ETH long position, according to Wu Blockchain. While the address profited around $100 million from a BTC short position, the ETH losses led to a net loss of $128 million. Wu Blockchain noted that Jin could have realized a profit of over $70 million had he not traded ETH. Additionally, another associated address has reportedly purchased $10 million worth of HYPE and opened a $38 million short position on ZEC.

Icon (ICX) has announced it will permanently shut down its network by the end of this year and fully transition to the SODAX (SODA) infrastructure. ICX token holders must complete the migration to SODA tokens by the end of the year. Starting Sept. 30, only ICX-to-SODA swaps will be supported.

The ESPORTS token has plummeted by approximately 92%, according to on-chain monitoring. The sharp decline has fueled speculation that DWF Labs may have been acting as the token's market maker (MM). Monitoring data indicates that five days ago, an address ('0x7Ef…C10dD') deposited around 19.9 million ESPORTS, valued at about $13.9 million, into a Kraken address associated with DWF Labs. The funds in this wallet originated from the token's distribution address, and it has been identified as one of the addresses involved in the large-scale on-chain sell-off during the crash.

Binance has seen a net inflow of around 302 million USDT over the past 24 hours, according to data from Coinglass.

Coinbase CEO Brian Armstrong has unveiled a blueprint for upgrading the financial system, which includes tokenized assets, 24-hour global trading, stablecoin payments, and AI-powered compliance, Cointelegraph reported. Market analysts note that this vision aligns with Coinbase's recent business expansion into areas such as perpetual futures for stocks, prediction markets, and stablecoin payment infrastructure. The company is also collaborating with Shopify, Stripe, and Citigroup to build a USDC-based payment and settlement system. Armstrong emphasized that real-world asset (RWA) tokenization, open financial infrastructure, and AI-based risk management will be central to the next generation of finance. However, Bitcoin supporters criticized Armstrong for listing "sound money" as the final item in his vision, arguing that BTC should be the core of any new financial system.

Crypto analyst Sykodelic argued that Bitcoin has maintained its mid-to-long-term bullish structure by closing its weekly candle above the key $74,400 level last week, The Crypto Basic reported. He explained that the recent dip to around $74,100 was a retest of a key level following a breakout. While a further short-term correction is possible this week, Sykodelic predicted that the upward trend could strengthen in June. He also suggested that if support around the $74,400 mark holds, a wave of short position liquidations and new liquidity could push BTC above $90,000. Sykodelic assessed that the macro bottom for BTC has already formed around the $60,000 level.

Cross-chain protocol Squid has clarified that the 'SquidRouterModule' contract involved in a recent attack worth approximately $3.2 million was not developed, deployed, or operated by the project. Squid explained that the contract is a third-party module based on Gnosis Safe and is structurally completely different from its own router contract. The attacker reportedly exploited a vulnerability in the module's public fixed-string verification to execute arbitrary call data and steal the funds. The company added that the affected Gnosis Safes had registered the module as a trusted module, which enabled asset transfers without requiring signatures. Squid emphasized that its router contracts, user funds, approvals, and integrated services were not affected.

U.S. President Donald Trump said negotiations with Iran are proceeding smoothly.

U.S. digital asset platform Prometheum has argued that the core challenge for the tokenized securities market is distribution, not issuance. The company stated it is concentrating on building the infrastructure to connect tokenized securities with traditional financial markets through broker-dealers and RIAs, or registered investment advisors. Prometheum co-CEO Aaron Kaplan explained that while the crypto industry has solved the challenge of tokenization, it has not yet addressed how to distribute these assets to mass investors. The company recently launched a digital brokerage solution that supports the trading of tokenized securities and cryptocurrencies from traditional securities accounts. Through this, Prometheum plans to enable Wall Street firms to offer on-chain asset services within the existing regulatory framework. Prometheum predicted that the securities market will eventually move on-chain, and the key competitive advantage will lie with Wall Street's distribution networks rather than crypto exchanges.