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JPMorgan Chase will launch its second tokenized money market fund based on Ethereum, named OnChain Liquidity-Token Money Market Fund, with the code JLTXX. The fund will primarily invest in U.S. Treasury securities, as well as overnight repurchase agreements collateralized by U.S. Treasury securities or cash, aiming to meet the qualified reserve asset requirements that stablecoin issuers need to maintain under the GENIUS Act.JPMorgan Chase stated that the blockchain technology for the fund will be managed by its subsidiary Kinexys Digital Assets. Currently, Ethereum is the only on-chain network available to investors, and future expansion to other blockchains is not ruled out. This is also JPMorgan Chase's second tokenized money market fund on Ethereum following the launch of MONY last year. Compared to MONY, which is more focused on institutional on-chain cash management, JLTXX is more directly aimed at the stablecoin reserve asset scenario.

According to Gate market data, U.S. stocks closed on Tuesday with the Dow Jones Industrial Average initially rising by 0.1%, the S&P 500 index falling by 0.16%, and the Nasdaq Composite index dropping by 0.7%. Qualcomm (QCOM.O) fell by 11%, Micron Technology (MU.O) fell by 3.5%, and both Intel (INTC.O) and SanDisk (SNDK.O) fell by over 6%. The Nasdaq China Golden Dragon Index fell by 0.82%, and JD.com (JD.O) rose by 3%.

The privacy coin project Monero has released the graphical wallet software GUI version 0.18.5 "Fluorine Fermi". This update is a recommended upgrade version, mainly containing a large number of bug fixes and functionality optimizations.Key highlights of this update include: migrating the P2Pool installation path to LocalAppData on Windows systems, fixing boundary case issues in URI parsing, prohibiting the creation of offline transactions in long payment ID scenarios, escaping untrusted text in QR code scanning to enhance security, upgrading P2Pool to v4.15, and multiple detail bug fixes and stability improvements.Monero's official team stated that this version has been open-sourced on GitHub, and users can download the upgrade through official channels to obtain the latest security fixes and stability improvements.

According to Jinshi, the seasonally adjusted Consumer Price Index (CPI) in the United States for April was 0.6%, in line with market expectations, and the previous value was 0.9%.

On-chain detective ZachXBT exposed American threat actor Dritan Kapllani Jr, claiming he is suspected of participating in a social engineering theft targeting crypto users, totaling approximately $19 million. ZachXBT stated that Dritan has long flaunted luxury cars, high-end watches, private jets, and nightlife on social media. On April 23, 2026, during a "Band 4 Band (B4B)" voice chat on Discord, he publicly displayed an Exodus wallet containing $3.68 million in assets to prove he was wealthier than another hacker.The relevant ETH address is: 0x4487db847db2fc99372a985743a26f46e0b2bba6. ZachXBT tracked and found that this address is linked to a social engineering theft case involving 185 BTC (approximately $13 million) on March 14, 2026. The next day, Dritan's Exodus wallet received about $5.3 million of those funds. By the time of the B4B call six weeks later, about $1.6 million had been spent or laundered.On May 11, the U.S. Justice Department unsealed a criminal indictment against Trenton Johnson, who is accused of participating in the aforementioned 185 BTC theft case and could face up to 40 years in prison. "Coconspirator 1" in the indictment is alleged to be Dritan, who has not yet been formally charged. ZachXBT also pointed out that Dritan is connected to hacker John Daghita (Lick), who was previously arrested for stealing $46 million from the U.S. government, and John had exposed Dritan's old wallet address on Telegram.On-chain analysis shows that this address is related to multiple high-confidence social engineering theft cases in 2025, with a total amount involved exceeding $5.85 million. ZachXBT stated that Dritan has been active in "The Com" hacker circle for a long time and had previously not faced formal charges due to his minor status. He is now over 18 years old, and "the borrowed time may finally be over."

According to CoinDesk, the ETH/BTC ratio fell to 0.02835 on Tuesday, marking the lowest level since July 2025, down over 35% from the August 2025 high of 0.04324. On that day, Ethereum dropped more than 2%, while Bitcoin fell about 1%. The ratio is currently well below the 200-week moving average (0.04828), with technical indicators continuing to show a long-term weakness for Ethereum relative to Bitcoin.Analysis indicates that the approval of the U.S. spot Bitcoin ETF at the beginning of 2024 has continuously attracted institutional capital inflows, which is the core driving factor for Bitcoin's long-term outperformance over Ethereum.

According to Jinshi News, Sarah Hammoud, a foreign exchange strategist at the Commonwealth Bank of Australia, stated that the risk is that U.S. core inflation may be higher than the market consensus due to the spillover effects of energy prices on other prices such as airfare and food. If U.S. core inflation is higher than expected, it will push up U.S. yields and the dollar exchange rate. The market generally expects that the CPI data will reinforce expectations that the Federal Reserve will maintain interest rates unchanged in the short term, and traders have ruled out the possibility of rate cuts this year.

According to Onchain Lens, the on-chain whale address "0xF4E" recharged a total of 5,820 ETH to OKX and Bybit after an interval of about a month, equivalent to approximately 13.3 million dollars at the current price.

ZachXBT posted on platform X, revealing that crypto KOL and former Fortnite professional player Yelo has been charged with money laundering for threat actors through his luxury car rental business in Miami, facing up to 30 years in prison.

On May 9 and 10, the Chainlink network recorded 282,170 and 264,090 unique active LINK addresses, respectively, the highest levels since September 2025. The surge in on-chain activity comes against the backdrop of several institutional-grade DeFi projects announcing their migration of cross-chain infrastructure to Chainlink CCIP. On May 7, Solv Protocol announced the completion of a security review following the April Kelp DAO vulnerability incident and decided to migrate over $700 million in tokenized Bitcoin assets (SolvBTC and xSolvBTC) from LayerZero to Chainlink CCIP.Previously, Kelp DAO had also announced the migration of its rsETH infrastructure to Chainlink CCIP. These initiatives represent a significant shift of institutional-grade DeFi infrastructure from LayerZero to the Chainlink cross-chain ecosystem. Additionally, earlier this month, data showed that whale wallets holding between 100,000 and 10 million LINK increased their holdings by 32.93 million LINK within 30 days.

Trader Eugene posted on his personal channel that SOL is currently showing strong relative strength among mainstream crypto assets, with a more stable trend compared to ETH and HYPE, and is seen as the most likely mainstream token to break out of the three-month consolidation range first. Analysis indicates that if SOL effectively breaks through the key resistance level of $96, the next target range may look towards around $120, with a potential upside of about 25%. At the same time, he also believes that as long as BTC does not fall below $80,000, market risk appetite is expected to remain, and funds can be positioned in advance for the breakout trend.

According to 10x Research analysis, since mid-January, the total gamma exposure of Bitcoin has remained negative, currently reaching -3.2 billion dollars at the strike price of 82,000 dollars. In a negative gamma environment, market makers are forced to trade in the direction of the trend, accelerating buying during price increases and accelerating selling during price decreases, which exacerbates price volatility.As the options expiration on May 29 and June 26 approaches, the negative gamma suppression effect is expected to gradually dissipate, and the downward bias of Bitcoin will subsequently ease. Currently, the market demand for call options is significantly higher than for put options, and institutions expect that market sentiment will shift from bearish to bullish at that time.

According to CryptoQuant analyst Darkfost, Bitcoin's realized market capitalization month-on-month growth rate has turned positive at +0.25%, marking the beginning of capital flowing back into the Bitcoin market.Bitcoin's realized market capitalization measures the difference between profits and losses realized in the market, reflecting the transfer of assets from weak hands to strong hands and an improvement in sentiment. However, Darkfost also cautions that the market's subsequent direction should pay attention to the sustainability of this indicator.

The metal market is experiencing increased volatility, with a divergence in the trends of gold and silver. According to data from the Gate platform, silver (XAG) reached a high of $81.72 in the past 24 hours and is currently reported at $80.90, with a 24-hour increase of approximately 0.37%; gold (XAU) reached a high of $4,733.70 in the past 24 hours and is currently reported at $4,687.53, with prices retreating from their peak.According to CoinGlass data, the performance of metal contract positions on the Gate platform is impressive. Specifically, the 24-hour contract position for silver (XAG) is approximately $68.93 million, ranking among the top globally; the 24-hour contract position for gold (XAU) is approximately $88.82 million, also ranking among the industry leaders. As market volatility expands, funds continue to flow into the precious metals sector, further driving the growth of platform positions.Gate has pioneered the metal contract trading sector, offering 24/7 uninterrupted trading to provide users with greater strategic flexibility and asset management efficiency during volatile market conditions. Gate contracts cover various traditional financial assets, including stocks, metals, foreign exchange, indices, and commodities, supporting trading in core assets such as gold, silver, and globally popular stocks. Gate continues to build a more efficient and professional multi-asset one-stop trading platform for global users.

According to Onchain Lens monitoring, a certain whale has deposited $1.59 million worth of PUMP into Binance after 5 months, and the wallet currently still holds $7.36 million worth of PUMP.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the TRUMP team has transferred $12.09 million worth of tokens (4.915 million TRUMP) to Fireblocks again after a three-month interval.Currently, the address still holds 762 million TRUMP, valued at up to $1.88 billion.

According to The Block, Morgan Stanley Bitcoin Trust (MSBT) has accumulated a net inflow of $193.6 million from its launch on April 8 to May 7, with net assets reaching $239.6 million. In its first month, it recorded net inflows on 17 trading days and remained flat on 5 trading days, with no single day of net outflow.Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, stated that MSBT had a net inflow of $30.6 million on its first day, with a trading volume of approximately $34 million, marking the strongest ETF debut in the bank's history; nearly all the funds came from self-managed clients and have not yet entered the advisory wealth management platform.

According to The Block, Morgan Stanley's Bitcoin ETF (MSBT) did not experience any net outflows in its first month of listing, with a cumulative net inflow of $193.6 million, and as of May 7, its net assets reached $239.6 million.The fund was launched on April 8, with a net inflow of $30.6 million on its first day and a trading volume of approximately $34 million, described by Morgan Stanley's head of digital asset strategy as the bank's most successful ETF debut in history. During the first month of trading, MSBT's daily net inflows gradually decreased from tens of millions to millions but never turned negative, while the overall market for spot Bitcoin ETFs saw a net inflow of $663.9 million on April 17, followed by net outflows of $277.5 million and $145.7 million on May 7 and 8, respectively. MSBT has a management fee of 0.14%, the lowest among U.S. spot Bitcoin ETFs. Almost all of the fund's capital in the first month came from self-directed trading clients and has not yet been sold through Morgan Stanley's wealth management platform.