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The cross-chain infrastructure platform Squid has completed a $6 million strategic financing round, led by North Island Ventures, with participation from Ripple, Dialectic, Borderless, and others.It is reported that Squid was initially incubated within the Axelar ecosystem and later developed into an independent platform. Since its launch in 2023, Squid claims to have processed over $6 billion in cross-chain transaction volume, covering more than 100 blockchains, with a total of over 4 million transactions and more than 1 million users. After this round of financing, Squid's total funding amount has reached $13.5 million. The company plans to use the new funds to launch new consumer-facing products, further simplifying the process for users to access, manage, and use crypto assets across chains.

According to Jinshi reports, the S&P 500 index has risen for the eighth consecutive week, marking the longest streak since the nine-week rise that ended in December 2023.

According to Jinshi, global investors are in high spirits today, pushing the S&P 500 index to potentially rise for the eighth consecutive week. Driven by the ongoing momentum in artificial intelligence, aerospace, and other emerging technology trends, U.S. stocks are climbing, which may allow the S&P 500 index to record its longest weekly winning streak since December 2023. Asian and European stock markets are also rising in tandem.

Senator Lummis stated that the CLARITY Act will end the regulatory ambiguity faced by American crypto consumers and the industry.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0049%. Among the current mainstream exchanges, the rate on Binance is 0.0059%, OKX is 0.0079%, Bybit is 0.0078%, and Gate is 0.0086%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0039%. Among the current mainstream exchanges, the rate on Binance is 0.0029%, OKX is 0.0078%, Bybit is 0.0078%, and Gate is 0.0083%.

Despite ongoing disputes between the U.S. federal government and several state governments over the regulatory authority of prediction markets, platforms related to prediction markets such as Kalshi, Polymarket, Robinhood, and Coinbase continue to increase their business investments.Reports indicate that 17 states have challenged prediction market platforms, with some states arguing that sports event contracts essentially fall under gambling and should be regulated at the state level; meanwhile, the U.S. Commodity Futures Trading Commission (CFTC) asserts that event contracts fall under the category of derivatives and should be federally regulated.At the same time, the U.S. Congress has begun to intervene. James Comer, chairman of the House Oversight and Government Reform Committee, has requested that Kalshi and Polymarket submit documents related to insider trading prevention mechanisms.Despite the uncertainty in the regulatory environment, the valuations of related platforms continue to rise. Kalshi's latest financing has reached a valuation of $22 billion, doubling from $11 billion in December of last year; Polymarket's valuation is reportedly up to $15 billion.Executives from companies such as Flutter Entertainment, DraftKings, and Robinhood have stated that they will continue to invest in the prediction market business and believe that the related regulatory disputes will continue to evolve in the coming years.

Hyperliquid ETF had a net inflow of $16,100,000 yesterday, with BHYP having a net inflow of $8,400,000 and THYP a net inflow of $7,700,000. Hyperliquid ETF has achieved net inflows for 8 consecutive trading days, with a total net inflow close to $7,000,000.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the Polymarket market. A large whale invested $52,763.85 in the event "Will the US and Iran reach a permanent peace agreement before...?" on "May 22". Based on the current transaction price, the latest corresponding probability of this subject is 94.98%.

Upward Fusion (formerly Tiger Brokers) announced that on May 22, 2026, some of the company's subsidiaries received a notice from the Beijing Regulatory Bureau of the China Securities Regulatory Commission (CSRC), indicating that the CSRC Beijing Regulatory Bureau has launched an investigation into their suspected illegal activities related to securities, funds, and futures business. It was found that these subsidiaries engaged in unlicensed cross-border securities business and illegal activities related to funds and futures in mainland China.According to the investigation results, the CSRC Beijing Regulatory Bureau imposed a total administrative penalty of approximately 308.1 million yuan and confiscated illegal gains totaling approximately 103.1 million yuan. The company's director, CEO, and actual controller, Mr. Wu Tianhua, also received a warning and was fined 1.25 million yuan. As of the end of 2025, retail customer assets in mainland China accounted for approximately 10% of the company's total customer assets in the consolidated financial statements.

According to Jinshi, the final value of the one-year inflation rate expectation in the United States for May is 4.8%, up from the previous value of 4.5%.

According to Cointelegraph, SpaceX plans to conduct a $75 billion IPO in June, and if the valuation reaches $1.75 trillion to $2 trillion after going public, it may enter the Nasdaq 100 index within 15 trading days through Nasdaq's "fast track" rule, thereby increasing the index's exposure to Bitcoin.According to SpaceX's latest S-1 filing, it holds 18,712 BTC, valued at approximately $1.45 billion. If combined with Tesla's 11,509 BTC, the two companies under Musk will become significant holders of Bitcoin in the Nasdaq 100.Strategy CEO Phong Le stated that with the SpaceX IPO, Mag 7 will become Mag 8, with 25% of the companies' balance sheets holding Bitcoin.However, analyst Nic Puckrin believes that the SpaceX IPO could be bad news for tech stocks. After being included in the Nasdaq 100, passive funds will need to buy SpaceX and sell existing components like Nvidia, Apple, and Microsoft, which could create a large-scale capital siphoning effect.Reports indicate that Bitcoin has recently been highly correlated with large tech stocks, with the 30-day correlation between BTC and the Magnificent Seven ETF (MAGS) currently around 0.81. Analysts suggest that if tech stocks face pressure due to index rebalancing, Bitcoin may also face downward risks in the short term.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.804 billion, with long positions of $2.339 billion, accounting for 48.69% of the holdings, and short positions of $2.465 billion, accounting for 51.31%. The profit and loss for long positions is $80.9961 million, while for short positions it is -$14.4 million.Among them, the whale address 0x8def..ae has shorted HYPE with a 5x leverage at a price of $45.2562, currently realizing an unrealized profit and loss of -$28.2552 million.

According to Bloomberg, the Intercontinental Exchange (ICE, the parent company of the New York Stock Exchange) is collaborating with the cryptocurrency trading platform OKX to launch perpetual futures contracts linked to crude oil.According to statements from both parties, ICE's Brent crude oil and WTI crude oil futures prices will serve as the pricing basis for the related perpetual contracts. The product will be launched in regions where OKX is licensed to offer perpetual contract trading.

On the occasion of Bitcoin Pizza Day in 2026, Bitget launched a global branding campaign titled "Flip the Slice," centered around a music short film called "The Infinite Flip." The short film humorously transforms the voices of skeptics into a part of community culture expression, continuing the spirit and narrative tension of Bitcoin Pizza Day.The film portrays the development of the crypto industry through various cartoon characters. Each time the outside world shouts "crypto is dead," the characters reappear with a "resurrection dance," symbolizing the crypto industry's rebirth from doubt and lows. Through this dark humor and the repeatedly "flipping" narrative style, the short film aims to convey the spirit of "crypto is not dead, it flips and is reborn" to the crypto community.Bitget's Chief Marketing Officer Ignacio Aguirre Franco stated that Bitcoin has been declared "dead" hundreds of times, but in this short film, the critics' arguments become plot points rather than conclusions. By flipping these narratives with humor and fun, each "death" serves as a prologue to the resurgence of the crypto world.As part of the overall Pizza Festival activities, Bitget's "Pizza Box Resume Project" will print selected Web3 youth resumes on pizza boxes and deliver them to industry partners in various regions, transforming classic crypto culture memes into career pathways for young people. This initiative also continues the core direction of Blockchain4Youth, which is to help young people establish a connection path from knowledge acquisition and skill demonstration to integration into the industry ecosystem.

According to CNBC, James Comer, the chairman of the House Oversight and Government Reform Committee, has launched an investigation into the prediction market platforms Kalshi and Polymarket, requesting both companies to explain their measures to prevent insider trading, including identity verification, geographic restriction enforcement, and abnormal trading monitoring mechanisms. Comer stated that internal records of the relevant platforms are key evidence for identifying improper traders and determining whether the platforms fulfill their legal obligations.Previously, Polymarket was reported to have suspicious trading related to U.S. events concerning Iran and Venezuela; Kalshi had also suspended the accounts of three congressional candidates who were betting on their own election results on the platform. Comer has requested both companies to submit relevant documents by June 5.

According to the official status page of Pyth, Pythnet/Hermes has been down for over 4 hours, affecting both Price Feeds and Sponsored Feeds. The page indicates that the root cause of the problem has been identified, and validators are coordinating to restart the network, with services expected to resume at 20:30.

According to Jinshi News, UBS Global Wealth Management has raised its year-end target for the S&P 500 index to 7,900 points, while Morgan Stanley has raised it to 8,000 points. UBS believes that despite the negative impact of the Middle East conflict, the U.S. stock market still shows resilience and is expected to rise another 6% in the second half of the year. Morgan Stanley expects the S&P 500 index to reach 8,300 points in the next 12 months, mainly benefiting from a year-on-year profit growth of about 27% in the first quarter.

On May 18 and 19, Mentis's web3-alpha-scanner Skill scanned for long opportunities on the Hyperliquid token $HYPE for two consecutive days.On May 18, Mentis captured a strong long signal: two top smart money addresses simultaneously held large HYPE long positions, with a total scale of approximately $9.49 million, realizing a profit of over $830,000. On May 19, Mentis again indicated that $HYPE showed smart money accumulation signals in the $42-$45 range and provided a target range of $54-$60, after which the market quickly realized the gains.

The Hong Kong Securities and Futures Commission (SFC) issued a circular outlining the monitoring measures that should be implemented when opening accounts and maintaining client relationships. This circular was issued after the SFC reviewed the account opening practices of 12 securities brokerage firms.The review identified several significant deficiencies, including insufficient due diligence on account opening documents, acceptance of suspicious or forged documents during the account opening process, and weaknesses in managing cross-border agency relationships with overseas intermediaries. The SFC expressed deep concern about the potential misuse of client accounts for suspicious or illegal transactions, which could exacerbate the risks of money laundering and terrorist financing.The SFC requires all licensed corporations to conduct internal checks as soon as practicable to detect whether any suspicious or forged documents have been accepted for account opening. The SFC also outlined additional measures for licensed corporations when opening and managing accounts for mainland investors.These additional measures include closing investment accounts opened with suspicious or forged documents, closing zero-balance dormant investment accounts, and requiring a written declaration from investors when opening new investment accounts, stipulating that settlements and fund withdrawals can only be conducted through bank accounts held in the investor's own name at qualified banks.