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According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0023%. Among the current mainstream exchanges, the rate on Binance is 0.0063%, OKX is 0%, Bybit is 0.0064%, and Gate is -0.0028%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0032%. Among the current mainstream exchanges, the rate on Binance is 0.0074%, OKX is 0.0004%, Bybit is 0.0007%, and Gate is 0.0005%.

The U.S. spot Bitcoin ETF recorded a net outflow of approximately $1.26 billion this week, marking the largest single-week capital outflow since late January of this year, and has seen net redemptions for six consecutive trading days. Data shows that this type of product saw an outflow of about $649 million just on Monday. Although there was some easing in the following days, the overall trend of continuous outflow remained. Market participants pointed out that the recent rise in U.S. Treasury yields, the strengthening of the dollar, and geopolitical tensions are among the main reasons for the capital withdrawal.At the same time, Ethereum ETFs are also under pressure, experiencing net outflows for 10 consecutive trading days, the longest outflow period since March 2025. The total outflow for the week was approximately $216 million. Among them, BlackRock's iShares Bitcoin Trust (IBIT) currently manages assets of about $61.1 billion, but this is still below the cumulative capital inflow of about $3.7 billion, indicating that recent market price fluctuations have impacted the value of holdings. As of the ETF trading day's close, the Bitcoin price was around $77,500, and Ethereum was about $2,130, maintaining a narrow range of fluctuations overall. Despite the significant short-term capital outflow, the spot Bitcoin ETF has still seen a cumulative net inflow of about $57.1 billion since its launch, with an asset scale of approximately $98.9 billion.

According to The Information, the U.S. cryptocurrency industry is accelerating its "legalization" strategy in Washington, with several cryptocurrency companies, industry associations, and lobbying organizations establishing a closer coordination network to focus on key legislative issues such as stablecoin regulation, cryptocurrency market structure bills, and ETFs.The report states that with the Trump administration's shift to a friendly attitude towards cryptocurrency and increased support within Congress, the industry is trying to seize the window of opportunity to officially integrate cryptocurrency assets into the U.S. mainstream financial system. Some industry insiders even refer to the current phase as a "critical moment for the cryptocurrency industry to enter the core of the U.S. system."The report also notes that leading organizations like Coinbase and a16z crypto are continuously expanding their policy influence in Washington, promoting a shift in the regulatory framework from "suppression" to "regulation and acceptance" through political donations, lobbying teams, and industry alliances.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "LoL: Nongshim Red Force vs Hanwha Life Esports (BO3) - LCK Round 1-2," the "Match Winner" sub-market option "Nongshim Red Force" has experienced a sharp fluctuation in win rate, dropping from 40.5% an hour ago to the current 10.5% (a fluctuation of 30%). Please note the impact of related breaking news.

On the 22nd, The Wall Street Journal reported that U.S. President Trump convened a National Security Team meeting that day, without making a formal decision on whether to launch new military strikes against Iran, but expressed a willingness to give diplomatic negotiations "more time." The Wall Street Journal cited several U.S. officials, reporting that after receiving a briefing on the relevant dialogue with Iran, Trump stated that he hoped to give diplomatic negotiations "more time," but reserved the option for military strikes if the negotiations broke down.

Galaxy Research Director Alex Thorn posted on the X platform, pointing out that this week, spot Bitcoin exchange-traded products (ETPs) continued to experience capital outflows, with a net outflow of $1.2 billion for the week, marking the third worst weekly performance since 2026, reflecting an increase in market risk aversion.Galaxy Research Director Alex Thorn stated on the X platform that spot Bitcoin exchange-traded products experienced continuous capital outflows this week, with a net outflow of $1.2 billion for the week, making it the third worst weekly performance so far in 2026, indicating that market risk aversion is still rising.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.375 billion, with long positions of $2.151 billion, accounting for 49.17% of the holdings, and short positions of $2.224 billion, accounting for 50.83%. The profit and loss for long positions is -$49.4113 million, and for short positions, it is -$5.5385 million.Among them, the whale address 0x8def..ae has shorted HYPE with a 5x leverage at a price of $45.3003, currently showing an unrealized profit and loss of -$17.6246 million.

According to on-chain analyst Ai Yi's monitoring, a certain address placed a limit buy order for ETH on Cowswap on April 20, with a price range of $1840.9 to $2076.38, totaling a value of $20.68 million. From early this morning until now, 3942.3 ETH have been traded from this buy order, with a transaction amount of $8.15 million and an average price of $2067. When the order was placed, the price of ETH was approximately $2276.

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.

Bitget is about to launch the TAG financial product, with the event running from May 23 at 18:00 to August 21 at 18:00 (UTC+8). During the event, users can go to the "Easy Earn" section to subscribe to the corresponding products, with a maximum of 25% APR. For more details, please refer to the Bitget official platform.

The Fuzhou City Cangshan District People's Procuratorate disclosed that a man was sentenced to 12 years and 7 months in prison for theft after stealing 4 Bitcoins from others and illegally profiting about 900,000 yuan, with a fine of 300,000 yuan. The second instance upheld the original verdict.The case shows that at the end of 2020, Wang entrusted Lin to assist in cashing out the Bitcoins he held. During the process of accessing Wang's Bitcoin wallet hard drive and computer, Lin stole the wallet's "private key" and related data, transferring 4 Bitcoins into his own name, and subsequently sold them for profit. In 2024, after Wang discovered abnormal asset activity, he reported it to the police, and Lin was subsequently arrested.The procuratorial authority stated that although current regulations clearly indicate that virtual currencies do not have the status of legal tender, Bitcoins possess value, manageability, and transferability, meeting the general characteristics of "property" in criminal law, and are subject to property crime. Relevant infringement actions will also be held criminally accountable.

F2Pool co-founder Wang Chun talks about why he chose Mars instead of the Moon as the target for SpaceX's first interstellar manned mission. He believes that even without private investment, humanity will still reach the Moon, and likely very soon. As space competition intensifies, governments around the world will establish lunar bases. I am happy to watch all of this happen.On the other hand, I am still uncertain about the progress of Mars exploration within our lifetime, and I feel that something should be done about it. I hope that by purchasing a ticket for a mission to fly by Mars, SpaceX will have another reason not to forget about Mars. Because we really should not delay Mars exploration for the next generation.Yesterday, SpaceX announced that Wang Chun will participate in SpaceX's first interstellar manned mission as the mission commander, executing a flight lasting about two years: first exploring the outer space of the Earth-Moon system, then flying by Mars and returning to Earth. Before this interstellar mission, Wang Chun will participate in a commercial crewed lunar flyby with Dennis and Akiko Tito, with the planned flight being within 200 kilometers of the lunar surface. This is the first commercial crewed interstellar mission of Starship, and Wang Chun previously commanded the Fram2 polar orbit mission in 2025, gaining experience for this flight.

The Federal Deposit Insurance Corporation (FDIC) has proposed a new regulation to establish Bank Secrecy Act (BSA) and sanctions compliance standards for stablecoin issuers under its supervision. The new regulation requires stablecoin issuing institutions to comply with all applicable regulations related to anti-money laundering / counter-terrorism financing (AML/CFT), economic sanctions programs, and reporting requirements, including those issued by the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC).The rule will also establish regulatory and enforcement provisions for AML/CFT programs in accordance with FinCEN's requirements. The proposed rule will be open for public comment for 60 days after its publication in the Federal Register.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0051%. Among the current mainstream exchanges, the rate on Binance is 0.0045%, OKX is 0.01%, Bybit is 0.0018%, and Gate is -0.0122%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0028%. Among the current mainstream exchanges, the rate on Binance is 0.0011%, OKX is 0.0039%, Bybit is -0.0005%, and Gate is 0.0076%.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the market Polymarket. A large whale invested $431,212 in the event "Will the US and Iran reach a permanent peace agreement before...?" for the date "May 31." Based on the current transaction price, the latest corresponding winning probability for this target is 84.09%.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.42 billion, with long positions at $2.171 billion, accounting for 49.13% of the holdings, and short positions at $2.248 billion, accounting for 50.87%. The profit and loss for long positions is -$39.1407 million, and for short positions, it is -$18.2295 million.Among them, the whale address 0x8def..ae has shorted HYPE with a 5x leverage at a price of $45.2562, currently showing an unrealized profit and loss of -$17.8151 million.

Santiment released a weekly market summary stating that Bitcoin ETFs have seen net outflows on 9 out of the past 10 trading days, with the current Bitcoin price around $77,500; it views this phenomenon as a reflection of weakening retail confidence.Meanwhile, Ethereum market sentiment has dropped to its lowest level since 2023, but the number of non-zero addresses has reached 192.92 million, which is more than three times Bitcoin's approximately 59 million. Santiment also pointed out that the current ratio of bullish to bearish comments on Bitcoin has risen to 2.23, the highest level within 2026, and historically, such high sentiment often appears before short-term corrections.