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AML / KYT provider Shard disclosed that the number of cyber attacks in the cryptocurrency industry doubled year-on-year in the first quarter of 2026, exceeding 80 incidents, but total losses decreased by 69% year-on-year to $496 million, compared to $1.6 billion in the same period last year. Shard stated that the losses in the same period of 2025 were mainly impacted by a significant theft incident of approximately $1.4 billion involving Bybit; while the attacks in 2026 were more dispersed, targeting DeFi protocols, infrastructure services, and individual users.Looking at the months, there were a total of 29 attacks in January, with losses exceeding $392 million; 26 attacks in February, with losses exceeding $22 million; and 27 attacks in March, with losses exceeding $81 million.

Recently, the People's Procuratorate of Licang District, Qingdao City, Shandong Province, China, handled a Bitcoin theft case. The defendant, Zhang, obtained the mnemonic phrase while assisting an acquaintance in registering a virtual currency wallet, and later transferred 107 BTC in multiple transactions, equivalent to over 50 million yuan at current market prices. Zhang argued that his actions were a "protective takeover," but the prosecution found that he transferred the stolen BTC through multiple trading platforms and exchanged it for over 660,000 yuan. The Licang District Court sentenced Zhang to 10 years and 9 months in prison for theft and imposed a fine of 100,000 yuan; the second instance upheld the original judgment.Reports indicate that the prosecutor handling the case strictly adhered to laws and judicial policies, and after in-depth analysis, concluded that although China's regulatory policies deny the legal currency status of virtual currencies, they do not negate their property attributes, nor do they prohibit citizens from legally holding and circulating them. Bitcoin requires investment in computing power, funds, and other costs to acquire, which gives it economic value; rights holders can achieve exclusive control and management through private keys and mnemonic phrases, aligning with the core characteristics of "property" in criminal law, making it a target for theft. In determining the amount, since virtual currencies have no official pricing, the Licang District Procuratorate discarded market price estimates and used the actual proceeds from the crime of over 660,000 yuan as the amount for theft, ensuring accurate conviction, appropriate sentencing, and unity of guilt and punishment.

According to Cointelegraph, the U.S. spot Bitcoin ETF has seen a net outflow of funds for 9 consecutive trading days, totaling approximately $2.84 billion, setting the longest consecutive decline record since the product's launch in 2024, and surpassing the consecutive outflow record from February 8, 2025. Among them, BlackRock's IBIT has become a major source of outflows.Analysis indicates that this round of capital outflow reflects a significant cooling of institutional demand for Bitcoin ETF exposure, while the market shows a trend of differentiation: ETFs related to Hyperliquid and some XRP spot ETFs still recorded inflows, while Ethereum spot ETFs have faced outflows for 13 consecutive days, with a total outflow of approximately $694 million, indicating that capital in crypto asset ETFs is being reallocated.

Driven by optimistic expectations for an extended ceasefire agreement between the U.S. and Iran, the U.S. stock and oil markets continued to strengthen this week. The S&P 500 index rose for the ninth consecutive week, setting the longest winning streak since 2023; Brent crude oil stabilized around $92 per barrel. However, the cryptocurrency market failed to follow the rise of macro risk assets. Over the past week, Bitcoin fell 2.6% to $73,445, Ethereum dropped 2.5% to $2,011, Solana decreased by 2.2%, and TRX saw a decline of 5.6%, making it one of the weakest tokens among the top ten cryptocurrencies by market capitalization. Market analysts believe that the cooling inflow of funds into spot Bitcoin ETFs is putting pressure on coin prices.In contrast, some small and mid-cap tokens performed remarkably well. Among them, the native token of Hyperliquid, HYPE, surged 19.4% this week to around $65, becoming the biggest highlight in the market. Previously, Intercontinental Exchange (ICE) CEO Jeffrey Sprecher referred to Hyperliquid as "a bigger opportunity than Nasdaq" at the Bernstein conference, further boosting market sentiment. Additionally, BNB rose 1.9% this week, XRP increased by 0.7%, and DOGE remained basically flat.On the macro level, U.S. President Trump stated that a final decision on the U.S.-Iran ceasefire memorandum is close, but he still insists on Iran abandoning its nuclear program, handing over its enriched uranium stockpile, and opening the Strait of Hormuz. Market participants believe that due to significant differences between the two sides on key issues, the current rebound in risk assets remains relatively fragile, and any negative news regarding the Iran negotiations could trigger a reversal in market sentiment.

On-chain data shows that Strategy has transferred back 411 BTC previously moved to Coinbase Prime to its own address, and market speculation about its sale of Bitcoin has cooled down.

Bloomberg ETF analyst Eric Balchunas stated on the X platform that the iShares Bitcoin Premium Income ETF (BITA) has submitted its third version of the S-1 amendment document. The fees have not yet been announced, but the issuer (BlackRock) is clearly actively adjusting the product.

According to Onchain Lens monitoring, a whale holding the $HYPE genesis token has begun to profit, estimated to have made over $94,000,000 from $HYPE. They received 819,335 $HYPE from the HyperLiquid genesis token allocation, then purchased 676,798 $HYPE at an average price of $4.29, spending $2,900,000. Eight hours ago, they withdrew 500,000 $HYPE (worth $33,000,000) from the Hyperliquid platform and deposited 211,001 $HYPE (worth $13,820,000) to Coinbase, currently still holding 1,284,955 $HYPE, worth $82,620,000.

The probability of selling Bitcoin on Polymarket's Strategy has surged this week, rising from a low of 11% today to 30%. This morning, Strategy deposited 411.48 BTC into Coinbase, worth $30,300,000.

Strategy CEO Phong Le stated in an interview with Fox Business that the company purchased $1.6 billion in Bitcoin during the second week of May, which is more than the total holdings of most Bitcoin treasury companies in a week.Phong Le mentioned that the current Bitcoin price is attractive, and the company will continue to buy Bitcoin. Although there may be short-term sales of some Bitcoin due to reasons such as utilizing unrealized tax losses, the long-term strategy is to continuously net increase Bitcoin holdings and focus on enhancing the number of Bitcoin per share.He views Bitcoin as "digital capital," believing it is superior to traditional stocks, bonds, and gold, and emphasized that the company will pass Bitcoin earnings to shareholders, similar to the operating model of Real Estate Investment Trusts (REITs).

According to SoSoValue data, the cryptocurrency market sector is generally in a downward trend, with the NFT sector down 4.68% in 24 hours. Within the sector, Pudgy Penguins (PENGU) fell by 4.46%, and Audiera (BEAT) dropped by 14.38%. Meanwhile, Bitcoin (BTC) decreased by 1.21%, falling below $74,000; Ethereum (ETH) fell by 0.79%, briefly dropping below $2,000.Only the DeFi sector rose against the trend, increasing by 0.35% in 24 hours, with Hyperliquid (HYPE) up 6.79% and Dexe (DEXE) up 5.53%.In other sectors, the PayFi sector remained unchanged at 0.00%, with Stellar (XLM) rising 13.35%; the Layer1 sector fell by 0.80%, but Algorand (ALGO) rose by 7.72%; the Meme sector decreased by 1.02%, with Pump.fun (PUMP) down 5.06%; the Layer2 sector dropped by 1.12%, while Stacks (STX) remained relatively strong, rising by 1.84%; the CeFi sector fell by 1.25%, with OKB (OKB) gaining 1.45% during the session.The cryptocurrency sector index reflecting historical market trends shows that the ssiDeFi and ssiPayFi indices rose by 1.44% and 0.65%, respectively, while the ssiAI index fell by 9.50%.

Lookonchain posted on platform X that Michael Saylor's Strategy has just deposited 411.48 BTC into Coinbase Prime, worth 30.3 million dollars; on Polymarket, the probability of MicroStrategy selling BTC before December 31, 2026, has now reached 84%.

Despite reports that negotiations between the U.S. and Iran have reached a 60-day ceasefire and a draft memorandum for discussions on the nuclear program, the cryptocurrency market remains under pressure, with Bitcoin falling below $73,000, down about 2.7% in 24 hours. The U.S. stock and bond markets were boosted, with the Nasdaq rising 0.6%, while WTI crude oil prices dropped below $90 per barrel.On a macro level, the first inflation report under the new Federal Reserve Chair Warsh shows that the U.S. core personal consumption expenditures (PCE) index rose to 3.8% year-on-year in April, the highest level in nearly three years, up from 2.8% in February. Olu Sonola, the U.S. economy director at Fitch Ratings, stated that inflationary pressures may persist in the coming months, making it difficult for the Federal Reserve to ignore supply shocks that drive potential inflation.Market analysis indicates that in the short term, macroeconomic favorable factors have significantly boosted the stock market and oil prices, but the cryptocurrency market lacks similar direct stimuli, and Bitcoin and other digital assets still face selling pressure.

Glassnode disclosed the latest on-chain data showing that the Bitcoin spot trading volume difference (7-day moving average) has re-entered a sustained negative range. As the Bitcoin price fell back to around $73,000, the market experienced significant selling pressure accelerating, with sellers continuing to dominate the spot market, and the pressure of chip distribution is gradually accumulating.Recently, during the process of Bitcoin falling back from above $80,000 to around $75,000, spot demand, ETF fund inflows, and volatility expectations have all continued to weaken. Although market positions have been somewhat reset, investor confidence remains limited, presenting an overall cautious wait-and-see attitude.

According to on-chain analyst Onchain Lens (@OnchainLens), BlackRock deposited 3,900 BTC (approximately $286 million) and 31,702 ETH (approximately $63 million) into Coinbase, totaling approximately $349 million.

Cryptocurrency analyst Axel Adler Jr. stated that the inflow of BTC to trading platforms and the outflow of stablecoins from trading platforms simultaneously release a "risk aversion" signal, indicating that selling pressure in the market is increasing. Data shows that the net inflow of BTC to trading platforms over the past 30 days has shifted from an extreme net outflow of 300,000 BTC at the end of March to an inflow of 103,000 BTC, meaning more BTC is being reintroduced to trading platforms in preparation for sale. During the same period, the price of BTC dropped from $80,000 to $73,700.Meanwhile, stablecoins are flowing out of centralized trading platforms at a record pace. The average net flow of stablecoins over the past 30 days has shifted from an inflow of $164 million per day at the end of April to an outflow of $153 million per day. This indicates that the liquidity available for purchasing BTC in the market is decreasing. Axel Adler Jr. pointed out that when BTC flows into exchanges while stablecoins simultaneously flow out of trading platforms, it creates an unfavorable structure of "increased supply and decreased demand," which is a typical risk aversion market condition.He believes that if the net inflow of BTC continues to exceed +100,000 BTC, the market may face a deeper correction; while stable signals would include BTC turning back to a net outflow or stablecoins flowing back into trading platforms.

According to Jinshi, the U.S. April PCE data will be released at 20:30 Beijing time tonight, and the market generally expects the year-on-year increase to rise to a three-year high. With the impact of energy prices not yet dissipated and inflation in the service sector remaining sticky, if the data confirms the acceleration of inflation, the Federal Reserve's return to a hawkish stance will gain strong support.

According to CriptoNoticias, the Argentine government submitted a bill to Congress through the Ministry of Health aimed at preventing gambling addiction and regulating online gambling, which for the first time explicitly includes virtual asset service providers within the regulatory scope. The bill stipulates that banks, fintech companies, cryptocurrency exchanges, and wallet providers are prohibited from providing services or facilitating transactions for gambling platforms operating without a license in Argentina.The bill also proposes amendments to the criminal code, imposing a prison sentence of 2 to 4 years on individuals or companies that provide financial, technical, or digital asset services to these illegal platforms. Exchanges and cryptocurrency asset providers will be required to implement stricter due diligence, transaction monitoring, and KYC policies. The Central Bank of Argentina, the National Securities Commission, the National Communications Commission, and NIC Argentina will enhance inter-agency coordination to effectively block technical access and the flow of funds.