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According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 26, down 3 points from yesterday. The average over the past 7 days is 27, and the average over the past 30 days is 35.

According to Coinglass data, the Coinbase Bitcoin premium index has been in negative premium for 8 consecutive days, currently reported at -0.1197%. Bitcoin spot ETFs continue to see outflows, and purchasing power in the U.S. market is weak.The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase and the global market average price. A negative premium typically reflects significant selling pressure in the U.S. market, a decline in investor risk appetite, increased market risk aversion, or capital outflows.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 29, up 2 points from yesterday. The average over the past 7 days is 27, and the average over the past 30 days is 36.

Grayscale has released its latest research report, with Grayscale's research director Zach Pandl stating that as the CLARITY Act progresses and the U.S. Securities and Exchange Commission (SEC) provides clearer guidelines, tokenized assets and blockchain applications such as decentralized finance (DeFi) may see development.Grayscale believes that Ethereum, Solana, BNB Chain, and Canton Network, which currently dominate financial activities on relevant chains, may be the first to attract institutional capital. The article states that in the fields of tokenized assets, stablecoins, and DeFi, Ethereum, Solana, and BNB Chain are in leading positions, while Canton Network also holds a significant share in the direction of tokenized assets.

According to Caixin, in response to the China Securities Regulatory Commission's investigation into Changqiao Securities and the proposed administrative penalties, Changqiao Securities stated that its licensed entities are regulated by overseas regulatory agencies such as the Hong Kong Securities and Futures Commission.Changqiao emphasized that customer funds are completely separated from the company's operating funds and are stored in independent custody bank accounts as required by regulations; the U.S. stocks and Hong Kong stocks held are respectively custodied by the Depository Trust & Clearing Corporation (DTCC) and Hong Kong Securities Clearing Company Limited (HKSCC), and are protected by the Hong Kong Investor Compensation Fund (ICF). At the same time, the company will strictly implement all rectification requirements and legally and compliantly promote relevant arrangements.

YZi Labs announced the launch of its flagship global incubation program EASY Residency Season 4 (S4), with the application deadline set for June 21. This 10-week founder program adopts a "5 weeks online + 5 weeks offline in Bhutan" model, with the offline phase taking place in the newly established special administrative region of Glimpse Mindfulness City in Bhutan. Selected projects can receive up to $500,000 in investment, including a $150,000 SAFE agreement for 5% equity and a $3.5 million unlimited SAFE agreement, with founders' accommodation, meals, and workspace costs fully covered during their stay in Bhutan.This round of incubation focuses on the fields of Web3, AI, and biotechnology, including global payments, Agentic Economy, next-generation DeFi, AI infrastructure, AI × healthcare biotechnology, and Web3 × healthcare biotechnology. The mentor lineup includes Zhao Changpeng, He Yi, and Balaji, among others.

The China Securities Regulatory Commission has filed an investigation and issued a prior notice of administrative punishment against TigerBrokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Changqiao Securities (Hong Kong) Limited for illegal securities business operations by relevant entities both domestically and abroad.According to the notice, the relevant entities of Tiger, Futu, and Changqiao conducted securities trading marketing, processed trading instructions, and provided related securities business services to obtain relevant income without the approval of our commission and without obtaining the licenses for securities brokerage business and securities financing and margin trading business, violating the provisions of Article 120 of the Securities Law, thus constituting illegal operation of securities business.In accordance with the provisions of Article 202 of the Securities Law, Article 136 of the Securities Investment Fund Law, and Article 132 of the Futures and Derivatives Law, our commission intends to decide to confiscate all illegal gains of the relevant entities of Tiger, Futu, and Changqiao, and impose severe penalties according to the law. The parties involved have the right to make statements, defend themselves, and request a hearing regarding the administrative penalties to be imposed. Our commission will fully listen to the opinions of the parties involved before making an administrative penalty decision in accordance with the law.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 27, down 1 point from yesterday. The average over the past 7 days is 27, and the average over the past 30 days is 36.

According to BBX data, yesterday Blockchain.com submitted a confidential IPO application 15 years after its establishment, accelerating the expansion of traditional European trading platforms into cryptocurrency. The core dynamics are as follows:Blockchain.com Group Holdings Inc. (proposed listing) officially announced through a press release on May 21 that it has confidentially submitted a draft S-1 registration statement to the SEC on the same day, intending to issue Class A common stock. The specific number of shares and price range have yet to be determined, and the IPO timeline will depend on market conditions and the SEC review process, with a target to complete the listing by 2026. The company was founded in 2011 by three early members of the Bitcoin Forum, headquartered in Dallas, with 95 million wallets, 43 million verified users, and has processed over $1.1 trillion in cryptocurrency transactions; its products include consumer wallets and trading, institutional products and services, and it has recently expanded into the African market, launching perpetual contract trading through the Hyperliquid protocol; it has about 500 employees, and Bloomberg cited sources: it has been profitable for three consecutive years after adjustments; Series E financing in 2023 raised $110 million, with a valuation of approximately $7 billion (significantly down from the peak of $14 billion in 2022).IG Group Holdings plc (LSE: $IGG) announced on May 21 through an official statement from CoinDesk that its European division IG Europe GmbH will expand its cryptocurrency spot trading services across the EU through a partnership with the Vienna-based cryptocurrency exchange Bitpanda (privately held, holding regulatory licenses from Germany's BaFin and Malta's MiCA), with Bitpanda providing liquidity, trading connections, and comprehensive market data infrastructure support; IG Group's revenue for Q1 2026 is £331.2 million (approximately $445 million), with cryptocurrency spot trading contributing £2.4 million (approximately $3.2 million), accounting for about 0.7% of revenue; the company has around 1.3 million customers globally and is one of the few traditional financial platforms clearly positioned in cryptocurrency spot trading among the constituents of the FTSE 100 index on the London Stock Exchange. The specific timeline for this expansion has not been disclosed.

According to Bloomberg, the cryptocurrency trading platform Blockchain.com has secretly submitted an initial public offering application to the U.S. Securities and Exchange Commission. The company stated that its registration statement draft has been submitted, but the number of shares to be issued and the price range have not yet been determined. Blockchain.com is headquartered in Dallas, and this IPO still depends on market conditions and the results of the U.S. Securities and Exchange Commission's review.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 28, an increase of 0 points from yesterday. The average over the past 7 days is 29, and the average over the past 30 days is 36.

OpenAI has been working with investment banks to prepare for the submission of an initial public offering (IPO) application in the coming days or weeks. Investment banks, including Goldman Sachs and Morgan Stanley, are assisting OpenAI in drafting the IPO prospectus, and the company plans to submit the documents confidentially to regulators soon, possibly as early as this Friday. Some insiders have indicated that OpenAI aims to go public as early as September, although the plans remain subject to change.Earlier this week, OpenAI cleared a significant hurdle on the road to its IPO: the company won a legal dispute with co-founder and now rival CEO Altman against Musk. Musk has stated that he plans to appeal the ruling. OpenAI still needs to overcome a series of other challenges, the most significant of which is the market's concern about its ability to generate enough revenue to support its substantial data center expenditure commitments.

According to a recent video interview by Cointelegraph, Dr. Han, the founder and CEO of Gate, stated that the cryptocurrency industry is gradually shifting from a speculation-driven market to a phase focused on infrastructure development and real-world applications.Dr. Han pointed out that stablecoins, RWA, AI, and asset tokenization are becoming the core directions of the industry, while a clearer regulatory framework (such as the CLARITY Act) is expected to further promote DeFi, payments, and on-chain financial innovations.Dr. Han also mentioned that high user entry barriers, security risks, and fragmented liquidity remain significant challenges currently faced by the industry. In the future, the cryptocurrency industry will further integrate with traditional finance and play a more important role in areas such as payments, settlements, and the circulation of digital assets.Gate continues to deepen its multi-asset and TradFi layout. In addition to expanding assets such as stocks, metals, foreign exchange, indices, and commodities, it has also launched Pre-IPOs and listed its first project, SpaceX (SPCX). At the same time, as one of the first CEX platforms to access Polymarket, Gate is continuously promoting the development of the prediction market ecosystem and accelerating the construction of a comprehensive trading platform covering both cryptocurrency and traditional finance.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 28, up 4 points from yesterday. The average over the past 7 days is 30, and the average over the past 30 days is 37.

According to analyst Alicharts, in the past two months, about 60 whale addresses holding at least 10,000 ETH have completely liquidated their positions. Alicharts states that when different entities holding millions of dollars in positions exit the network within such a short time frame, it usually indicates profit-taking and asset reallocation by institutions. These big players are taking advantage of recent liquidity to reduce risk, reflecting a clear lack of confidence in the mid-term outlook. Furthermore, the decrease in the number of giant whales aligns perfectly with the recent influx of large amounts of funds into exchanges. Data shows that the path of least resistance in the short term will still be downward. Therefore, attention needs to be paid to the support at $2,000 for Ethereum.

Lighter officially stated on X that it has completed the escape mechanism verification conducted by the third party L2BEAT, which means that even if the sequencer at the L2 level fails, users can withdraw funds from Lighter's L2 back to Ethereum in a permissionless manner. It is the first L2 Perp DEX in the industry to achieve this functionality.

According to Bits.media, the Russian government's bill on cryptocurrency regulation will be revised during its second reading, aiming to grant the central bank the authority to set requirements for anti-money laundering verification services for cryptocurrency transactions. Alexey Yakovlev, head of the Financial Policy Department of the Ministry of Finance, stated that he hopes to authorize the central bank to impose requirements on AML services, enabling them to verify whether transactions comply with current Russian laws and regulations.A representative from the Ministry of Finance stated that the authorities plan to mandate AML services to consider an "external perspective," analyzing the performance of Russian cryptocurrency wallets in international services and the "image of the Russian system formed abroad." At the same time, such services must "maintain the confidentiality of Russian financial infrastructure," not disclosing their operational principles and internal process details to outsiders. AML services are platforms that help users verify the risks of cryptocurrency wallets concerning international sanctions, anti-money laundering, and counter-terrorism financing. Currently, the main regulatory body for such platforms in Russia is the Federal Financial Monitoring Service of the Russian Federation.

Bloomberg ETF analyst James Seyffart revealed that Truth Social, the social platform owned by Trump, has withdrawn its application for a spot Bitcoin ETF. Seyffart stated that the reasoning given in the official press release "is not very reasonable." He pointed out that there are inherent differences in regulatory protections between 33 Act ETPs and 40 Act ETFs, which is common knowledge in the crypto ETF market, and "there are no new changes." He believes that a more likely reason is that competition in the spot Bitcoin ETF market has become extremely fierce, especially after Morgan Stanley launched its MSBT with a fee of only 14 basis points, further compressing market space.Seyffart also noted that Truth Social seems to still plan to launch a more flexible crypto-related ETF strategy and adopt a 40 Act fund structure. He stated, "Does the market really need a 14th spot Bitcoin ETF? But more differentiated products still make sense."

According to CoinDesk, Bitcoin has fallen from $82,000 to $76,800, a decline of about 6%, but market data suggests that this drop may be an unconventional correction. Three signals behind this round of decline indicate market concerns about further price drops. First, ETF fund outflows are accelerating: since May 7, over $1.5 billion has flowed out of U.S. spot Bitcoin ETFs, with a single-day outflow of $648 million on Monday, the highest since January 29.Secondly, aggressive selling has occurred in both the spot and futures markets: Glassnode data shows that the cumulative volume difference in the spot market has dropped from $16,900,000 to -$126,200,000, while the cumulative volume difference in perpetual contracts has fallen to -$368,500,000, indicating that sellers are actively selling in both the spot and futures markets. Additionally, hedging demand is rising: Glassnode analysts state that the 25-Delta skew of options has increased from 10.9% to 14.4%, indicating that options market participants believe the downside risk is increasing.Vikram Subburaj, CEO of the Indian exchange Giottus, stated that the first support level is around $76,000, followed by the $74,000-$75,000 range. If this range is broken, it could trigger a deeper correction.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 24, down 3 points from yesterday. The average over the past 7 days is 31, and the average over the past 30 days is 37.