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Binance updated the funding rate for the SPCXUSDT U-based Pre-IPO perpetual contract to 0% on May 21, 2026, at 16:00. If the funding rate for this contract remains at 0% on May 22, 2026, at 00:00, Binance will notify separately. Users holding open positions are advised to reassess their hedging strategies.

The Binance contract will launch the SPCXUSDT U-based Pre-IPO perpetual contract on May 21, 2026, at 12:45, with a maximum leverage of up to 5 times. This contract will be issued by the Binance RCH clearing program, and users can pay attention to subsequent announcements for more information.

According to Lookonchain monitoring, the whale loracle.hl (@loraclexyz) has an unrealized loss of nearly 20 million dollars on its HYPE short position, but it is still increasing its position. Currently, it holds 1.71 million HYPE (95.79 million dollars) in short positions, with a liquidation price of 69.78 dollars.

According to Gate's market data, gold (XAUUSDT) has risen above the $4,500 mark, currently priced at $4,556.71, with a 24-hour increase of approximately 1.57%; silver (XAGUSDT) has broken above $76, currently priced at $76.36, with a 24-hour increase of 2.97%, driving active trading in related contracts.According to CoinGlass data, the trading volume of gold (XAU) contracts on the Gate platform in the last 24 hours reached $213 million, with an open interest of $138 million, ranking among the top two globally; the trading volume of silver (XAG) contracts was approximately $194 million, with an open interest of about $118 million, also ranking among the top two globally.Gate has pioneered the metal contract trading sector, providing 24/7 uninterrupted trading, offering users greater strategic flexibility and asset management efficiency in volatile markets. Gate's 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 users worldwide.

According to Zhejiang Daily, recently, the Ningbo Customs Anti-Smuggling Bureau successfully dismantled multiple criminal gangs smuggling virtual currency "mining machines" through in-depth operations and meticulous investigations, effectively cutting off an illegal industrial chain.Previously, during a routine inspection of a batch of imported express shipments declared as "industrial blockers," Ningbo Customs discovered that the actual goods did not match the declaration and were, in fact, virtual currency "mining machines." Customs officers quickly transferred this lead to the anti-smuggling department. After receiving the report, the Ningbo Customs Anti-Smuggling Bureau immediately assembled a task force by drawing on elite personnel, and through data analysis and clue investigation, gradually clarified the organizational structure and operational model of the criminal network. When the timing was right, they decisively struck, simultaneously conducting net-seizing operations in Dongguan, Shenzhen, and other locations, successfully dismantling multiple smuggling gangs of mining machines.Upon investigation, it was confirmed that this series of cases seized over 400 illegal entry mining machines of brands such as Ant L9 and Ice River KS3. The investigation revealed that the smuggling gang led by Liao, in order to make illegal profits, procured "mining machines" from overseas suppliers, disassembled the whole machines, and misreported the product names to smuggle them into the country through international express channels from ports in Ningbo, Guangzhou, and other places. After the goods entered the country, the gang reassembled them, either selling them directly domestically or transporting them to hidden "mining sites" in Xinjiang, Hunan, and other places to engage in illegal virtual currency "mining" activities. At the same time, they utilized virtual currencies like USDT for cross-border payment settlements to evade financial supervision.

The prediction market platform Polymarket submitted a self-certification document to the Commodity Futures Trading Commission (CFTC) to apply for the listing of parlay trading of sports event contracts in the United States.Polymarket describes parlay trading as a combination of two or more underlying sports event contracts, which can only settle at $1 if all the specified sub-event outcomes occur; otherwise, it will go to zero. By adopting a self-certification approach, Polymarket is notifying the CFTC of its listing plans rather than seeking permission. The document indicates that the listing date will be no earlier than May 21, 2026.

The decentralized trading platform Aster announced that it officially launched the ZESTUSDT perpetual contract trading pair at 22:30 Beijing time on May 19 (14:30 UTC), and simultaneously opened the "Rocket Launch" Phase 9 trading incentive activity.It is reported that Zest Protocol is a Bitcoin-native lending protocol that allows BTC holders to earn yields or borrow stablecoins by collateralizing their assets. The protocol currently has a TVL of 100 million dollars and has received support from Draper VC and YZi Labs.According to the official statement, the duration of this trading activity is from May 19 to May 26. During the event, users participating in ZESTUSDT perpetual contract trading will share a prize pool of ASTER tokens worth 50,000 dollars based on their proportion of generated trading fees.

According to the official announcement, Bitget's stock contracts are now live for 10 underlying assets including QCOM (Qualcomm), SMCI (Supermicro), CSCO (Cisco), NOK (Nokia), covering multiple popular areas such as AI infrastructure, satellite communication, and photonic interconnection. The aforementioned contracts support up to 20 times leverage, and more details can be found on the Bitget official platform.

Solana co-founder Anatoly Yakovenko publicly supports the development of a native perpetual contract DEX on the Solana Virtual Machine (SVM), directly challenging Hyperliquid's leading position in on-chain derivatives trading.Anatoly believes that Solana needs to build its own perpetual contract infrastructure with atomic composability, showing that the ecosystem views perpetual contracts as key to retaining user activity and on-chain trading volume. Specific project details or launch timelines have not yet been disclosed. In recent months, a large volume of perpetual contract trading has migrated to Hyperliquid, which has become the dominant protocol in the on-chain perpetual contract space.Meanwhile, Hyperliquid co-founder Jeffrey Yan is in Washington engaging with policymakers on regulatory pathways, including discussions around the CLARITY Act legislation concerning crypto derivatives regulation, which could provide an advantage to Hyperliquid if the bill passes. The Solana native alternative will directly compete by leveraging its speed and cost advantages, but Hyperliquid's existing network effects and liquidity create high barriers to entry.

According to Slow Fog's Yu Xian monitoring, multiple user wallets of Bankr have been stolen. @bankrbot replied that the incident was a social engineering attack targeting the trust layer between automated agents, specifically involving the interaction between Grok and Bankrbot, which led to unauthorized transaction signatures.

According to on-chain analyst Onchain Lens (@OnchainLens), there is a significant divergence between bulls and bears in the current HYPE market. The whale address Loracle.hl (@loraclexyz) holds a 5x short position in HYPE with an unrealized loss of over 7 million dollars, while simultaneously opening a new 1 million dollar 3x long position in LIT, and continues to add to the position.

According to monitoring by Hyperinsight, driven by the recent continuous rise of HYPE and its surge above $48 this morning, multiple addresses on Hyperliquid have placed buy orders in batches using TWAP (Time-Weighted Average Price) to accumulate positions.As of the time of writing, there are a total of 5 whales in the existing orders planning to buy over 10,000 HYPE in spot, with a total planned purchase of over 96,900 HYPE, corresponding to an amount of approximately $4.65 million. Currently, some of the above buy orders have already been partially filled. According to the existing order calculations, the net buying power of HYPE's TWAP in the next 24 hours is still at $2.8 million.

SUN.io announced the completion of the Universal Router contract upgrade, further optimizing system performance and on-chain transaction experience while keeping the contract interface calling method unchanged. After the upgrade, the new Universal Router contract will immediately enjoy a maximum energy subsidy of 99%, while the replaced old contract will gradually stop receiving energy subsidies, and the subsidy policies for other business-related contracts will remain unchanged. This upgrade does not affect users' normal usage, and SUN.io will continue to provide a more stable, secure, and efficient on-chain transaction environment.

Glassnode stated that the signals from various Bitcoin derivatives markets are diverging, and the overall structure is beginning to weaken. A significant shift in selling pressure has been observed, with the cumulative volume delta (CVD) for spot trading plummeting by 848.7%. Nevertheless, spot trading volume has increased by 4.2%, indicating a rise in trading activity, but this may stem more from trading interest rather than bullish sentiment. Open interest has slightly decreased by 2.9%, reflecting a cautious attitude towards leverage in an uncertain environment. However, the funding rate paid by the long side has surged by 136.6%, showing a rebound in demand for long positions and an increase in bullish sentiment among traders. Yet, the CVD for perpetual contracts has sharply declined by 278.7%, highlighting significant selling pressure and indicating that bearish sentiment still dominates.The 25-Delta Skew for options has risen by 42.75%, as traders seek more downside protection, with the market clearly turning bearish. Meanwhile, open interest and volatility spreads for options have increased by 1.7% and 124.52% respectively, indicating heightened market participation and increased expectations for future price volatility. The MVRV of the US spot ETF has decreased by 6.1%, with net flows for the ETF deteriorating sharply, reflecting a decline in institutional confidence. However, ETF trading volume has risen by 7%. On-chain activity presents a mixed picture: the number of active addresses has decreased, while the adjusted transfer volume has increased, suggesting relatively low network usage, but large amounts of capital continue to move.Overall, as momentum, spot demand, and speculative positions weaken across the board, the Bitcoin market structure is beginning to soften. Options traders are increasingly hedging against downside risks, liquidity and profitability indicators continue to cool, and the market structure remains relatively stable, but stable liquidity and the strength of long-term holders still provide some resilience to the market.

Due to the phased cooling of the geopolitical situation in the Middle East, international crude oil prices have fallen. According to Bitget market data, Brent crude oil (BZ) is currently priced at $109 per barrel, down 2.53% for the day. The market's long and short positions are intensifying, driving up trading activity in related contract markets.According to CoinGlass data, the current total open interest for BZ contracts across the network has reached $67.9316 million. Among centralized exchanges, Binance, Bitget, and OKX rank in the top three for open interest, with $46.9913 million, $8.3424 million, and $5.6461 million, respectively. Notably, Bitget's platform has seen a 24-hour open interest growth rate of 28.32%, leading the entire network.Currently, the Bitget panoramic exchange (UEX) ecosystem covers diversified assets such as U.S. stocks, CFDs, and cryptocurrencies, providing users with a wide range of cross-market asset allocation channels.

According to a joint article by several executives in the French cryptocurrency industry, the current tax policy on stablecoins is severely outdated. Under current regulations, converting stablecoins to fiat currency and withdrawing to a bank account incurs taxes, forcing a large amount of crypto assets to remain outside the traditional financial system, which is expected to result in a tax loss of 1 billion to 3 billion euros annually.The article calls for the French government to make targeted adjustments to the "2027 Budget Bill" within the next six months, as AI agents are increasingly adopting stablecoins for payments. It suggests following the practices of other countries by defining the conversion of stablecoins to fiat currency as a "tax-free withdrawal." Industry experts warn that if this critical six-month window is missed, France may miss out on significant industrial benefits brought by the integration of AI and cryptocurrency payments.

The cryptocurrency trading platform SuperEx announced that it will launch the CBRSUSDT, FLNCUSDT, and DRAMUSDT U-based perpetual contract trading pairs today at 11:00 Beijing time (03:00 UTC).It is reported that the newly launched contract trading pairs support full margin, cross margin, and isolated margin modes, and users can experience trading through SuperEx's web and app platforms.

According to DeFiLlama, despite a decline in perpetual contract trading volume compared to earlier this year, Hyperliquid still maintains its market leadership, with monthly trading volume at least twice that of the second-ranked public chain. In May, Solana has risen to become the second-largest public chain in perpetual contract trading volume, with a market share exceeding 10%.

According to Onchain Lens monitoring, the giant whale Loracle.hl (@loraclexyz) has further increased its 5x HYPE short position to 1.44 million HYPE, worth $69.3 million, with a liquidation price of $69.64, resulting in an unrealized loss of about $8 million.

The on-chain perpetual contract trading platform Ostium announced a partnership with Nasdaq to use its U.S. stock market data to support stock perpetual contract products on the platform. Ostium stated that this makes it the first on-chain trading venue to offer stock perpetual contracts supported by Nasdaq data.The platform claims that users will be able to gain exposure to U.S. stocks through on-chain infrastructure while retaining features such as transparency, instant settlement, and self-custody. Ostium focuses on on-chain leveraged trading of traditional financial assets, covering categories such as stocks, indices, commodities, ETFs, and foreign exchange. Currently, the platform's cumulative trading volume has exceeded $50 billion, with more than 26,000 trading users.