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Coinbase released a retrospective report on the large-scale service interruption event on May 7, 2026.The outage lasted approximately 8 hours, with full recovery taking about 12 hours. During this time, trading, deposits, withdrawals, and most core services were unavailable or severely degraded. Coinbase stated that the outage was caused by multiple cooling units failing simultaneously in the cooling system of a data center in one availability zone (use1-az4) in the AWS us-east-1 region, triggering cabinet thermal protection shutdowns, which led to EC2 instances and EBS volumes going offline, affecting multiple internet services.During the recovery process, the Coinbase trading matching engine lost quorum due to the cluster architecture deployed in a single AWS data center losing most nodes. It required urgent code adjustments and the reconstruction of a new node group to restore operation, gradually restarting market trading during the recovery.Additionally, the AWS-managed Kafka (MSK) service experienced control plane failures, preventing the automatic re-election of partition leaders, further blocking quotes, fees, and some settlement and data flow systems, which expanded the overall impact.After manual partition migration in collaboration with the AWS engineering team, the system gradually returned to normal. Coinbase stated that this incident exposed its shortcomings in cross-availability zone automatic switching capabilities and disaster recovery for managed middleware. The company will upgrade its cross-region hot backup architecture, strengthen regular failure drills, and migrate the Kafka system from dual availability zones to a three availability zone deployment, while also working with AWS to advance root cause fixes and improvements.

CoinShares' latest weekly report shows that global digital asset investment products recorded a net outflow of $1.67 billion last week, marking the third consecutive week of capital outflow and the second largest single-week outflow since 2026, second only to the week of January 23. The cumulative net outflow over the past three weeks has expanded to $4.21 billion, indicating that the risk aversion triggered by the situation in the Middle East has overshadowed the positive impact of the regulatory progress of the U.S. CLARITY Act.Bitcoin investment products experienced a net outflow of $1.438 billion in a single week, setting a record for the largest weekly outflow this year; Ethereum investment products saw a net outflow of $257 million. Due to the continued withdrawal of funds, the global assets under management (AuM) decreased from $148 billion the previous week to $141 billion, the lowest level since early April this year. The U.S. market contributed a net outflow of $1.63 billion, making it the main source of this round of capital withdrawal.At the same time, market risk appetite has significantly declined, with the number of altcoins receiving net inflows dropping from 11 three weeks ago to the current 5. However, XRP, Hyperliquid (HYPE), and NEAR still recorded net inflows of $20.3 million, $10.8 million, and $7.6 million, respectively.

The blockchain security agency PeckShield has issued an alert stating that Gnosis Pay is currently undergoing a security attack. Meanwhile, Gnosis co-founder Martin Köppelmann has publicly urged users to immediately withdraw their GNO and EURe assets to mitigate potential risks.Market analysis indicates that Gnosis Pay, as an important infrastructure connecting payment scenarios with on-chain assets, may face short-term selling pressure on Gnosis GNO and the euro stablecoin EURe if it is confirmed that funds have been stolen or protocol vulnerabilities exploited, further affecting market sentiment for Gnosis ecosystem-related projects.Currently, the official has not disclosed the scale of the attack, the amount of losses, or specific technical details, and the situation is still developing. Users holding related assets or using Gnosis Pay services should closely monitor official follow-up announcements and assess their risk exposure in a timely manner.

The blockchain security agency PeckShield has issued an alert stating that Gnosis Pay is currently experiencing a security attack. Meanwhile, Gnosis co-founder Martin Köppelmann has also publicly urged users to immediately withdraw their GNO and EURe assets to mitigate potential risks.Market analysis points out that Gnosis Pay, as an important infrastructure connecting payment scenarios with on-chain assets, may create short-term selling pressure on Gnosis GNO and the euro stablecoin EURe if it is confirmed that funds have been stolen or protocol vulnerabilities exploited, further affecting market sentiment for Gnosis ecosystem-related projects. Currently, the official has not disclosed the scale of the attack, the amount of losses, or specific technical details, and the situation is still developing. Users holding related assets or using Gnosis Pay services should closely monitor official follow-up announcements and timely assess their risk exposure.

According to SoSoValue data, during the last trading week (Eastern Time May 25 to May 29), Bitcoin spot ETFs experienced a net outflow of $1.42 billion, marking the third highest in history.The Bitcoin spot ETF with the highest net outflow last week was Blackrock ETF IBIT, with a weekly net outflow of $966 million, bringing the total historical net outflow for IBIT to $63.81 billion. Following that was Grayscale Bitcoin Trust GBTC, with a weekly net outflow of $175 million, and the total historical net outflow for GBTC has reached $26.62 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $94.17 billion, with an ETF net asset ratio (market value as a percentage of Bitcoin's total market value) reaching 6.38%, and the historical cumulative net inflow has reached $55.66 billion.

According to Jin Shi, citing the Iranian Students News Agency, a member of Iran's National Security and Foreign Policy Council, Khosravi, stated that the current focus of the negotiations is to completely end the war. The nuclear issue has been excluded from the negotiating table. Negotiations are still ongoing, but no final agreement has been reached yet.

According to CoinDesk, JPMorgan analyst Nikolaos Panigirtzoglou and others stated that as signs of easing tensions in the Middle East emerge, investors are gradually withdrawing from the Bitcoin and gold markets. The "devaluation trade" that had driven demand for both is losing momentum.In the past two weeks, both Bitcoin and gold-related ETFs have seen significant outflows, and institutional positions in the CME futures market have also weakened simultaneously. This trend indicates that investors are retreating from the macro hedging trades that had become popular due to inflation concerns and global instability, and it is not that Bitcoin funds are shifting to gold, but rather that both asset classes are facing a simultaneous decline in demand. Since the Iran conflict, Bitcoin has been a major representation of the "devaluation trade."

According to Infobae, 10 judicial departments in Buenos Aires Province, Argentina coordinated a large-scale operation with security forces from various locations, which included 90 simultaneous raids. The operation resulted in the arrest of 24 individuals and the seizure of over 8 million USDT and nearly 60 million dollars in cash. Additionally, 80 mobile phones, computers, tablets, and processors were confiscated.The case investigates alleged investment fraud, which is believed to have caused losses of nearly 3 billion dollars. The coordination of this operation was handled by the Crypto Assets Assistance and Coordination Group of the Buenos Aires Attorney General's Office. According to the group's report, the seized amount exceeded the previous record held by this specialized group: during the RainbowEx operation in 2024, over 2 million dollars were seized.

According to The Block, the U.S. SEC has filed a lawsuit in the federal court in Houston, accusing Nathan Fuller, a resident of Cypress, Texas, of operating a cryptocurrency scam project involving up to $12.3 million, which used fraudulent artificial intelligence trading bots to defraud investors.Nathan Fuller told investors that his proprietary AI-based bot could automatically scan cryptocurrency trading platforms, capturing small price gaps through high-frequency arbitrage, and promised returns of 40% to 50% within 30 to 45 days. Some investors were even told they could receive guaranteed returns of over 100% within 21 days.The SEC stated that Nathan Fuller, founder and sole member of Privvy Investments LLC, raised these funds from approximately 150 investors located in nine states and two foreign countries between October 2022 and mid-2024. He also conducted business under the alias "Gateway Digital Investments."It is alleged that only about 3% of the funds were actually used for cryptocurrency trading, while Fuller personally siphoned off at least $6.2 million and paid approximately $5.5 million to early investors in a manner similar to a Ponzi scheme.

According to developer donnoh, due to a vulnerability that occurred during a recent upgrade, the status updates of the Base network have been stagnant for over 30 hours. However, since the withdrawal from Base to the Ethereum mainnet requires about a 7-day challenge period, most ordinary users have not yet noticeably perceived this anomaly.Subsequently, the official Base status page released an announcement confirming that the issue originated from a fault related to the TEE (Trusted Execution Environment) enclave, which caused the network proposal process to be interrupted, thereby affecting the status update process.The official statement indicated that the withdrawal function of the Base mainnet is currently experiencing delays, and the team is working on repairs. Aside from the withdrawal process, other core network components have not been directly affected.

The Trump family's AI infrastructure project WorldClaw and VergeX AI announced a strategic cooperation, with both parties working together to promote the development of next-generation AI-native trading infrastructure and accelerate the construction of the emerging Agentic Trading market.It is reported that VergeX AI will integrate WorldClaw's AI access layer into its Harness-driven autonomous multi-agent trading infrastructure to achieve a more scalable, more accessible, and more cost-efficient professional-grade AI trading system deployment. Currently, VergeX AI is building an autonomous multi-agent trading operating system for the AI-native financial era, with its core Harness architecture serving as the layer for agent collaboration and task orchestration, supporting trading execution across multiple markets including cryptocurrencies, US stocks, foreign exchange, and commodities.In addition, both parties stated that this cooperation aims to lower the barriers to building professional-grade AI trading agents and jointly promote the development of next-generation autonomous financial system infrastructure. The market generally believes that as AI Agents evolve from auxiliary tools to autonomous market participants, autonomous agents, AI-native execution systems, and programmable financial infrastructure are becoming the next trillion-dollar track that the industry is focusing on.

According to on-chain analyst Yu Jin's monitoring, BTC has dropped another $400, and the last $30.5 million BTC long position on Hyperliquid will be liquidated. He opened a long position of 416.6 BTC ($30.5 million) with 40x leverage at a price of $73,345 in the afternoon, with a liquidation price at $72,433.

J.P. Morgan analysts, including Nikolaos Panigirtzoglou, stated that as signs of easing tensions in the Middle East emerge, investors are gradually withdrawing from the Bitcoin and gold markets. The "devaluation trade" that previously drove demand for both is losing momentum.In the past two weeks, both Bitcoin and gold-related ETFs have seen significant capital outflows, and institutional positions in the CME futures market have also weakened concurrently. This trend indicates that investors are retreating from the macro hedging trades that became popular due to inflation concerns and global instability, and it is not a case of Bitcoin funds shifting to gold; rather, both asset classes are facing a simultaneous decline in demand. Since the Iran conflict, Bitcoin has been a major representation of the "devaluation trade."

According to on-chain monitoring data, in the past ten days, the Gate hot wallet has transferred out a total of over 453,486.74 HYPE, valued at approximately 25.18 million USD based on the price at the time of transfer.

According to CoinDesk, Michael Kramer, founder and CEO of Motte Capital Management, stated that the U.S. Treasury's related settlement operations are expected to withdraw about $150 billion in liquidity from the financial system, which may exacerbate Bitcoin's current decline.He pointed out that Bitcoin often serves as a leading indicator of liquidity and has recently fallen below the key support level of approximately $75,000, down about 11% from this month's high of $82,500. Michael Kramer expects that this round of liquidity tightening will mainly come from U.S. Treasury bonds and short-term Treasury bill settlements.

The U.S. Commodity Futures Trading Commission (CFTC) announced on Tuesday that it has jointly filed a motion with Gemini Trust Company LLC in the U.S. District Court for the Southern District of New York, requesting the dismissal of a previous judgment against Gemini.The case was originally filed in June 2022, and the parties reached a consent order in January 2025. After a comprehensive review, the CFTC concluded that the lawsuit should not have been filed and would not be filed under current enforcement standards.The review identified six major issues: the complaint was primarily based on statements from a whistleblower of questionable credibility; the investigation targeted Gemini as a victim of fraud rather than the alleged fraudster; there were serious doubts about the strength of the evidence against Gemini; relevant supporting materials were concealed and not submitted to the commissioners during the CFTC's vote on the complaint; the litigation team invoked deliberative process privilege to prevent Gemini from obtaining evidence necessary for its defense; and personnel improperly used CFTC regulatory power to create leverage for settlement.The CFTC determined that continuing to enforce the forward-looking provisions of the consent order is neither consistent with its mission nor in the public interest, and that the non-forward-looking provisions of the consent order (such as civil penalties) have been fulfilled. The parties jointly request the court to vacate the remaining forward-looking provisions.

According to crypto analyst Ai Yi @ai_9684xtpa, after a 5-day break, the a16z affiliated entity has started to accumulate a large amount of HYPE again.Data shows that in the past 7 hours, this entity has withdrawn a total of 253,947.43 HYPE from multiple exchanges and market maker addresses, worth approximately 15.03 million USD, with an average withdrawal price of about 59.2 USD. Currently, HYPE has retraced about 10% from its historical high, now reported at 58.13 USD.

Ju.com’s official Chinese account has issued a notice stating that to cooperate with the financial audit of the group’s listing entity, the platform will initiate a special compliance review to enhance the transparency of fund management and the security of accounts.The notice requires users to promptly supplement or update KYC compliance materials according to the prompts on the page. Withdrawals can only be requested after submission and approval. The platform indicated that the withdrawal process is expected to return to normal after the completion of the financial audit.

According to the official announcement, Binance is expected to suspend token deposits and withdrawals on the Base network on May 29, 2026, at 01:00 to support its network upgrade and hard fork. Token trading on the aforementioned network will not be affected. The project team expects to carry out the network upgrade and hard fork on May 29, 2026, at 02:00.

ClawCivi.ai has completed a multi-million dollar seed round financing, supported by Trump-related funds, the Draper family fund, and others. The product enables multiple AI Agents to collaborate on tasks through the shared Skills capabilities of Agents (OpenClaw, Hermes, Manus). Its token $CLAW will officially launch on PancakeSwap at 3:00 AM (UTC+8).