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According to Catcher Predict monitoring, in the predicted market event "Knicks vs. Cavaliers" on Polymarket, the "yes" option for the sub-market "Dean Wade: Assists O/U 0.5" experienced a dramatic fluctuation in winning probability, soaring from 39.5% an hour ago to the current 64% (a fluctuation of 24.5%). Please note the impact of related breaking news.

According to Onchain Lens monitoring, the whale address starting with 0xeb17a deposited 5,637 ETH into OKX, worth approximately 11.92 million USD.

According to on-chain analyst @ai_9684xtpa, the $ESPORTS token experienced a flash crash with a decline of 92%, suspected to be related to DWF Labs.Five days ago, the address 0x7Ef...C10dD deposited 19.9 million ESPORTS (worth 13.9 million USD) to a Kraken address associated with DWF, and the upstream funds of that address are the token deployment address, which is also one of the addresses that contributed to this flash crash, having frequently sold tokens on-chain.

The cross-chain routing protocol Squid stated on platform X that the SquidRouterModule involved in the attack disclosed by Blockaid was neither developed, deployed, nor operated by Squid, but rather a third-party Gnosis Safe module that chose to integrate with protocols like Squid, with no prior connection between the two parties.Squid indicated that this third-party module has a vulnerability that accepts a fixed string provided by the caller as message security verification. The attacker exploited this string, which is publicly visible in the verified code of the contract, to execute arbitrary call data and steal funds. Squid's own routing contract (0xce16F) is architecturally completely different from this module and is unaffected; user funds, authorizations, and integrations are all secure.

According to Arkham monitoring, the address starting with 0x158 bought 2000 ETH at a price of $0.31 each during the Ethereum presale, with a total cost of about $620, and transferred it out 5 minutes ago after holding it for over 10 years.At the current price, this ETH is worth about $4.2 million, an increase of about 6800 times.

According to Blockaid monitoring, the cross-chain routing protocol Squid is currently under continuous attack on the SquidRouterModule on the Ethereum and Base networks. Within about two hours of the attack, 86 Gnosis Safe wallets have been emptied, with losses amounting to approximately 3 million dollars.The attacker subsequently exchanged all stolen tokens for DAI through their controlled Uniswap V3 liquidity pool and consolidated them into a single address. Currently, this consolidated wallet holds approximately 3.07 million dollars in DAI.

According to monitoring by PeckShield, WUSD/GLOVE on Ethereum was attacked, resulting in a loss of approximately $207,000. The attacker has exchanged the stolen assets for about 98 ETH and deposited them into Railgun.

2U2.ai announced that it has secured a new round of strategic investment, with the specific amount not yet disclosed. The investors in this round include Castrum Istanbul and M2M Capital, which will support 2U2.ai in continuing to advance Meme infrastructure construction and ecological expansion.So far, 2U2.ai has received support from institutions such as Becker Ventures, CGV FOF, Gemhead Capital, K24 Ventures, Castrum Istanbul, and M2M Capital.2U2.ai is building a MemeLayer for Web3, driven by AI for Meme generation, dissemination, and remixing, to create a scalable and incentivized Meme content network. Currently, the platform has launched the Meme Arms Race points system, allowing users to earn points by creating, sharing, and disseminating Meme content, and participate in subsequent ecological incentives on the platform.

The globally leading cryptocurrency asset trading platform Gate has officially announced support for USDCx deposit and withdrawal services on the Canton Network. Users can now use USDCx in trading and asset management scenarios on the platform. Along with the launch of this feature, Gate has also introduced multiple activities such as CandyDrop, the USDCx deposit challenge, and YuBiBao wealth management, with a total reward scale of 150,000 USD equivalent in Canton ecosystem tokens CC.Public information shows that USDCx is a stablecoin natively issued on the Canton Network, backed 1:1 by USDC, with reserves stored in the Circle xReserve smart contract. It adheres to the CIP-56 standard, providing interoperability and full composability across different applications and asset scenarios, while also addressing privacy needs.Gate's launch of USDCx, along with multi-dimensional incentives, helps enhance liquidity and user coverage in the Canton ecosystem. It also reflects the platform's ongoing commitment to integrating emerging public chain ecosystems, expanding interoperable digital asset infrastructure, and supporting the long-term evolution of institutional-grade on-chain finance. In the future, Gate will continue to expand high-quality on-chain assets and ecosystem partnerships, promoting more innovative assets and application scenarios for global users.

The Sui mainnet officially launched the protocol-level stablecoin zero Gas transfer feature on May 20, supporting 7 types of assets including USDC, allowing users to complete transfers for free without holding SUI.In addition, the Premium Exchange incubated by NAVI Protocol is expected to officially go live on May 26 with its new system. These two developments optimize the trading experience from both the underlying protocol and application layer, further lowering the user entry threshold and promoting the development of the Sui ecosystem.

According to Lookonchain monitoring, the crypto KOL @nobrainflip (6TkT...HmUi) with 562,800 followers bought 11.636 million VIRL, worth $37,870.

The Monetary Authority of Singapore is collaborating with private banks to adopt a "risk-based" approach to shorten the account opening time. The head of the Monetary Authority of Singapore stated that the authority aims to reduce the account opening time to within one month, while the current median account opening time for complex cases is about six weeks or longer.He stated that this move is intended to ensure that banks maintain high standards while avoiding unnecessary and excessive scrutiny of the sources of clients' wealth.

According to token unlock data from the Crypto asset data platform RootData, Audiera (BEAT) will unlock approximately 21.25 million tokens on June 1 at 9:00 AM Beijing time, worth about 25.29 million USD.

According to token unlocking data from the Crypto asset data platform RootData, EigenCloud (EIGEN) will unlock approximately 38.35 million tokens at 5 AM Beijing time on June 1, worth about 8.48 million USD.

According to token unlocking data from the crypto asset data platform RootData, Swarm Network (TRUTH) will unlock approximately 107.64 million tokens at 0:00 Beijing time on June 1, worth about 1.29 million USD.

According to token unlocking data from the Crypto asset data platform RootData, ZetaChain (ZETA) will unlock approximately 44.43 million tokens at 0:00 on June 1st, Beijing time, worth about 2.21 million USD.

According to on-chain analysis firm Lookonchain's tracking data, two wallets associated with Grayscale purchased and immediately staked 510,387 HYPE tokens, with a total value of approximately $24.95 million.This move comes as Grayscale advances its HYPE spot investment product, having submitted an initial S-1 registration statement in January 2026 and amended the documents on May 11 to include direct network staking provisions, intending to list on Nasdaq under the ticker HYPG.Coinbase Custody is responsible for the security of the underlying tokens, while BNY Mellon provides administrative and operational support. The large-scale institutional purchases and locked staking have reduced the circulating supply in the market, pushing the HYPE spot price toward a historical high around May 20. The eventual listing of the product still depends on the approval results from federal securities regulators.

Aave founder and CEO Stani Kulechov tweeted that the valuation of DeFi lending protocols should not primarily refer to TVL, as it measures net collateral rather than lending activity. Comparing data from the end of 2025, Aave's supply scale is about $52 billion, active loans about $22 billion, loan interest flow over $700 million, and DAO retention about $150 million; SoFi has deposits of about $37.5 billion, a loan book of about $38 billion, loan income of about $1.8 billion, and net profit of about $481 million.Stani stated that in traditional finance, deposits are liabilities or capital costs, and loans are interest-bearing assets, with lenders typically assessing based on the loan book, interest income, interest spread, and asset growth; however, the DeFi market mainly focuses on TVL and DAO retention fees. He believes that Aave is closer to over $700 million in lending business under a traditional financial accounting framework, rather than a $150 million revenue protocol; TVL is not the revenue basis for lending protocols, but the loan book and interest flow are the core.

According to BBX data, the pressure from market regulation suddenly intensified over the weekend, and institutional-level crypto derivatives product lines expanded simultaneously. The core dynamics are as follows:On May 22, James Comer (Republican, Kentucky), Chairman of the House Oversight and Government Reform Committee, officially issued investigation letters to Kalshi (privately held) and Polymarket (privately held), initiating a formal congressional investigation into insider trading on prediction market platforms. The investigation focuses on two suspicious bets: one betting on the early capture of Venezuelan President Maduro, and another betting on the direction of the Iranian conflict. Both transactions recorded unusually large amounts just hours before the related events were made public. According to media reports, the Wisconsin Attorney General has recently listed Robinhood Markets, Inc. (NASDAQ: $HOOD), along with Kalshi, Polymarket, and Crypto.com, as defendants, accusing them of providing unlicensed sports betting services in Wisconsin. This is the latest escalation of the prediction market facing legal challenges in 13 states to congressional scrutiny. Both Kalshi and Polymarket stated their willingness to cooperate with the committee's investigation, asserting that their platforms have robust anti-insider trading mechanisms.On May 23, the U.S. Securities and Exchange Commission (SEC) officially approved a proposal submitted by Nasdaq, Inc. (NASDAQ: $NDAQ) to launch cash-settled Bitcoin index options on its Philadelphia Stock Exchange, which does not involve physical delivery of Bitcoin. This product will allow institutional investors to hedge or invest in Bitcoin price fluctuations through standardized options contracts, filling a market gap for cash-settled Bitcoin index derivatives on regulated exchanges in the U.S. The timing of the approval coincided with significant fluctuations in Bitcoin over the week (with a low of $74,500 and a high rebound to $77,800), reflecting the accelerating release of genuine demand for volatility management tools in the market.