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Hyperliquid has launched support for prediction markets based on off-chain events, Wu Blockchain reported. These markets are created through automated news feed software operated by Hyperliquid validators. The validators will vote to determine the official deployment and settlement of these markets based on criteria including rule transparency, market outcome accuracy, and overall market quality.

DeFi yield protocol Pendle (PENDLE) announced on X that it has launched a pool for Apyx's synthetic dollar, apxUSD, on BNB Chain. The synthetic dollar is backed by preferred shares in Strive (SATA) and Strategy (STRC) and matures in November 2026. The apxUSD is split into Principal Tokens (PT) and Yield Tokens (YT) for trading. Purchasing the PT allows users to secure a fixed yield that currently exceeds the 13% annual dividend rate on STRC, while the YT offers leveraged exposure to Apyx Season 2 points.

U.S.-based crypto exchange Kraken has unlocked 50,656 ETH, worth $107.62 million, from the Ethereum restaking platform EigenCloud, formerly known as EigenLayer. On-chain analyst EmberCN noted that Kraken unstaked the funds approximately 11 hours ago, commenting that the restaking bubble has burst too quickly. The analyst explained that while the total value locked (TVL) in restaking protocols was $31 billion last August, it has now decreased to around $11 billion. Specifically, the TVL in EigenCloud, once the leader in the restaking sector, has plummeted from $22 billion to $5.5 billion.

Yen stablecoin issuer JPYC has announced the launch of Japan's first service for swapping credit card points into stablecoins, set to go live on June 1. Developed in collaboration with Mitsui Sumitomo Trust Club and HashPort, the service will allow holders of Diners Club and TRUST CLUB cards to exchange their reward points for JPYC. The swaps will be conducted through HashPort's non-custodial wallet.

Binance has announced its support for the Sei (SEI) network's migration to SEIEVM. In line with this, deposits and withdrawals of tokens on the existing SEI network will be suspended starting at 8:00 a.m. UTC on June 1.

Bitcoin (BTC) spot ETFs are struggling to effectively absorb market selling pressure, on-chain analytics firm Swissblock said on X. The firm noted that whenever its risk index has entered a high-risk zone, ETF fund flows have worsened, influenced by institutional selling. While cumulative net inflows into BTC ETFs since the beginning of 2026 remain positive at 4,500 BTC, the margin is very narrow. After a period of strong accumulation in March and April, the trend shifted back to selling in May. Swissblock warned that as the risk index moves into the high-risk area and ETF inflows weaken, a decline in support from ETFs could push the risk index even higher.

On-chain finance protocol Saturn announced it has blacklisted a wallet address linked to the approximately $3.2 million hack of cross-chain protocol Squid and has frozen the stolen funds. Affected users can receive compensation by submitting a ticket on Saturn's official Discord server. The protocol confirmed that its own contracts and infrastructure were not affected by the incident.

Whales are expanding their long positions in LINK and DOGE, Lookonchain reported. One anonymous whale, with an address starting in 0x3109, currently holds a 10x leveraged long position of 27.38 million DOGE ($2.75 million) and a 10x leveraged long position of 162,670 LINK ($1.53 million). This address has also placed limit long orders for an additional 33.46 million DOGE ($3.31 million) and 515,120 LINK ($4.73 million). Another whale, with an address starting in 0x5687, has opened a 3x leveraged long position of 10.21 million DOGE ($1.03 million) and a 10x leveraged long position of 108,430 LINK ($1.02 million). Additionally, orders for further long positions from this address have been identified, totaling 14.66 million DOGE ($1.45 million) and 336,280 LINK ($3.09 million).

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $56.23 million liquidated (51.33% shorts) - ETH: $31.68 million liquidated (54.26% longs) - NEAR: $12.62 million liquidated (88.55% shorts)

Bitcoin has entered a sideways trend after correcting from $79,000 to $74,000 and then rebounding to $77,000, according to a weekly report from Glassnode. The firm noted that while price momentum has fallen by 21.7%, selling pressure is easing, with spot and perpetual futures Cumulative Volume Delta (CVD) rising by 77.2% and 35.5%, respectively. Speculative demand has weakened, as indicated by a 10% drop in spot trading volume and a 3.5% decrease in futures open interest. However, buying demand is on the rise, with the funding rate for long positions surging by 135.4%. In the U.S. spot ETF sector, the scale of net outflows improved by 28.9% and the Market Value to Realized Value (MVRV) ratio increased by 0.69%, though trading volume fell by 22.9%. Bearish sentiment is being detected in profitability metrics, with the Net Unrealized Profit/Loss (NUPL) ratio declining significantly and a greater share of transactions being realized at a loss, the firm added.

A whale identified as nemorino.eth has repurchased 7,908.3 ETH, worth $16.74 million, at an average price of $2,117 via CowSwap approximately 13 hours ago, according to EmberCN. This same whale had previously sold 15,800 ETH ($38.1 million) between February and March at an average price of $2,407.

The South Korean government is set to establish a regulatory framework for cross-border fund transfers using virtual assets, The Herald Business reported. On May 26, the Ministry of Economy and Finance announced that a partial amendment to the Foreign Exchange Transactions Act was approved in a cabinet meeting. The bill, which passed the National Assembly on May 7, will be promulgated on June 2 and take effect six months later. Under the new law, businesses involved in sending virtual assets abroad or receiving them in South Korea will be required to register with the ministry beforehand.

Bitcoin's implied volatility has dropped to its lowest level in eight months, but an overheating of bearish sentiment in derivatives markets is increasing the potential for a short squeeze, according to an analysis by Cointelegraph. BTC's implied volatility is currently around 36%. The decline in volatility has been attributed to easing market anxiety as Bitcoin has maintained the $60,000 level as a key support line. The media outlet noted that volatility has rarely remained below 35% for extended periods, and historically, significant price movements have often followed such lulls. The analysis highlights that short positions are now heavily concentrated in the $78,000 to $83,000 range. It suggests that traders may have become overconfident in their bearish bets, as BTC has remained below $90,000 for approximately four months. This sentiment is reflected in the options market, where put options are trading at a 14% premium over call options, indicating that professional investors are leaning toward a price decline. Given this market structure, the report concludes that if BTC were to break through the $82,000 resistance level, it could trigger a more powerful short squeeze.

Cryptocurrency exchange OKX, which has Chinese roots, announced the launch of Exchange OS, a major protocol upgrade on its proprietary Ethereum (ETH) Layer 2 blockchain, X Layer. The new protocol allows developers, institutions, and ecosystem participants to leverage OKX's institutional-grade infrastructure to build three types of markets on X Layer: spot, perpetual futures, and prediction markets. As its first use case, OKX plans to launch a simulation-based 2026 World Cup Prediction Market in June, which will be deployed directly on Exchange OS.

The Ethereum Foundation's privacy initiative, Kohaku, has released a software development kit (SDK) to help integrate privacy protocols directly into Ethereum wallets without intermediaries, The Defiant reported. The tool allows users to incorporate protocols such as Railgun, Tornado Cash, and Privacy Pools. Kohaku has launched a version that currently enables Railgun integration and supports a 4337 mempool relay for private transactions. Integration for Tornado Cash and Privacy Pools is reportedly under development. The Ethereum Foundation announced the launch of Kohaku last year as an open-source privacy initiative to enhance privacy and security within the ecosystem.

An anonymous whale address sold 321,574 Hyperliquid (HYPE) for an average price of $61.81, totaling $19.88 million, over the past 24 hours, Onchain Lens reported. The address is currently staking 30,005 HYPE, worth $1.78 million.

Native Markets announced via X that it has begun the process of winding down its Hyperliquid (HYPE) blockchain-based stablecoin, USDH. According to the project, it will unstake HYPE tokens on May 27 to maintain its trading settlement currency status (AQA/PQA), after which the creation of new markets and AQA benefits will be suspended. Existing USDH-denominated HIP-3 markets will continue to operate following the unstaking, with liquidations left to the discretion of each HIP-3 deployer. Meanwhile, HIP-1 spot markets will be terminated, and all open orders will be canceled. Native Markets added that USDH holders can still swap their tokens for USDC through the HyperCore order book after the unstaking is complete.

According to Yonhap News, South Korea's Gyeongnam Province announced today that it has collected 62.4 billion won ($45.7 million) of its 260.1 billion won ($190.5 million) in delinquent local taxes as of May by strengthening its collection efforts against hidden assets, including virtual assets. In the first quarter of this year, the province investigated the holdings of delinquent taxpayers on the country's four major virtual asset exchanges—Upbit, Bithumb, Coinone, and Korbit—and seized the assets of 976 individuals. From this group, it collected 980 million won ($718,000) in overdue local taxes from 887 people.

Ark Invest CEO Cathie Wood has offered a five-year price forecast for Bitcoin, with a base case of $750,000 and a bull case of $1.25 million, Cointelegraph reported. She cited its role as a substitute for gold, its function as a risk hedge or insurance asset, and growing institutional investment as the key drivers behind the forecast.

U.S. Central Command announced that American and Israeli fighter jets have conducted airstrikes on multiple Iranian vessels in the Strait of Hormuz. The renewed engagement highlights the fragility of a potential U.S.-Iran ceasefire, coming just hours after President Donald Trump noted progress in negotiations for a provisional agreement. President Trump is currently facing pressure from hardliners against Iran, including Republican Senator Lindsey Graham, who argue that the proposed deal is overly lenient.

Strategy (MSTR) made no additional BTC purchases over the past week, while Bitmine (BMNR) also halted its ETH acquisitions, Lookonchain reported. In contrast, several other publicly traded companies continued to accumulate Bitcoin. Four firms—Strive, The Smart Web Company PLC, DDC Enterprise Limited, and Hyperscale Data—collectively bought 612 BTC, valued at approximately $47.5 million, during the same period. The total Bitcoin holdings of these four companies now stand at 21,525 BTC, worth around $1.67 billion.

Political Action Committees (PACs) backed by the cryptocurrency industry and its executives have donated more than $500 million to the U.S. midterm elections scheduled for this November, Cointelegraph reports. The donations have been found to be more concentrated on Republican candidates than Democratic ones.

The North Korean-linked Lazarus Group is targeting cryptocurrency investors with social engineering hacks on Telegram, Cryptopolitan reported. The attacks reportedly use memory-based malware that leaves few traces on a computer, making it extremely difficult to detect. According to the report, Lazarus Group members pose as employees of trading firms on Telegram. They then guide victims to phishing sites that imitate the scheduling platforms Calendly and PicTime. Once a victim grants approval, malware is installed in stages. The attack employs a "human-in-the-loop" approach, building trust through direct interaction to persuade victims to execute malicious files.

The Kenyan government is seeking to impose a 10% consumption tax on Virtual Asset Service Providers (VASPs) through its 2026 Finance Bill, Cryptopolitan reported. The proposed legislation also requires crypto companies to pay a one-time licensing fee of 150 million Kenyan shillings and an annual renewal fee of two million shillings for local operations. Additionally, the bill includes a requirement for firms to submit annual reports containing user and transaction information.

Coinbase Chief Policy Officer Faryar Shirzad has refuted a Wall Street Journal (WSJ) article on the risks of stablecoins. In a post on X, Shirzad argued that while the WSJ characterized stablecoins as risky "private money," approximately 90% of the U.S. M2 money supply is already privately issued. He contended that the key issue is not whether money is public or private, but whether regulations adequately address the risks, a role he says the GENIUS Act fulfills. Shirzad explained that under the GENIUS Act, issuers would be prohibited from lending, using leverage, or engaging in fractional reserve banking, and must maintain 1:1 reserves with cash and short-term Treasury bonds. He stated that the concerns raised by the WSJ—such as loss of principal, yield-chasing behavior, and undermining the unity of the currency—are all blocked by the bill's design. He also dismissed the WSJ's analogy to the Free Banking Era, noting that unlike the speculative state bonds of that period, the GENIUS Act would require issuers to hold highly liquid assets, maintain segregated custody, redeem at par, and provide monthly attestations.