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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.

According to official news, Ju.com’s latest live broadcast will officially start today (May 19) at 20:00 (UTC+8). The theme of this live broadcast is "Focusing on Incremental Markets: In-depth Analysis of the Growth On-chain Asset System and Ju.com Contract Practical Strategies," marking an important milestone in the official implementation of the global strategic ecological cooperation between Ju.com and Growth Protocol, focusing on the new generation of Meme asset issuance mechanisms and solutions for breaking through the contract market.Senior investor Sky and core team member of Growth Protocol, Mario, will join forces with PhD in Financial Management and early Binance investor Shi Yuhua, along with several industry veteran KOLs, to engage in in-depth dialogue on core topics such as the innovative economic model of Growth Protocol and strategies for responding to the current stock game in the contract market. During the broadcast, the audience will be able to ask questions in real-time, so please stay tuned.

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.

Galxe released a security update stating that a leaked internal key affected the retired Galxe SpaceStation V2 contract. Galxe emphasized that this incident did not affect the security of any user wallets or funds, and even if users had previously interacted with the relevant contract, their wallet assets are "completely safe."The platform stated that the issue is limited to the relevant contract level, and the root cause has been confirmed. They are currently updating security controls and will publish a complete report after the investigation is completed.

The Binance futures platform will launch the CBRS USDT perpetual contract on May 19 at 17:30, with a maximum leverage of up to 10 times. This contract will track the price of Cerebras Systems Inc. (Nasdaq: CBRS) Class A shares, with the settlement asset being USDT.

According to data from the Gate platform, WTI crude oil (CL) is currently priced at $102.22, up 0.73% in the last 24 hours; Brent crude oil (BZ) is currently priced at $105.50, up 0.38% in the last 24 hours, with active trading in oil-related contracts. According to Coinglass data, the BZUSDT position on the Gate platform is approximately $6.0924 million, ranking among the top in the network; the CLUSDT trading position is approximately $2.6843 million, also maintaining high market attention.To further improve the platform's oil derivatives product system, Gate has renamed the trading symbol for the XBR perpetual contract to BZ and officially launched the BZ perpetual contract; at the same time, the trading symbol for the XTI perpetual contract has been renamed to CL and the CL perpetual contract has been officially launched. This only involves adjustments to the trading symbols, while the contract underlying and trading rules remain unchanged.Gate contracts have taken the lead in the oil market, pioneering the commodity contract sector, covering BZUSDT (Brent crude oil), CLUSDT (WTI crude oil) perpetual contract trading, and NG (natural gas) perpetual contract trading, providing 24/7 trading, USDT settlement, and up to 100 times leverage, assisting users in cross-market asset allocation and strategic layout during volatile market conditions.

UPBIT will launch trading for OriginTrail (TRAC) on April 20 at 16:00, supporting KRW, BTC, and USDT markets. The deposit service for TRAC will open 1 hour and 30 minutes after the announcement is made. Users are advised to pay attention to network selection.

The cryptocurrency trading platform SuperEx announced that it will launch multiple stock-based U perpetual contract trading pairs in batches today.Specifically: The COHRUSDT contract will go live today at 11:00 Beijing time (03:00 UTC); the WMTUSDT, JPMUSDT, and BRKBUSDT contracts will officially launch today at 22:00 Beijing time (14:00 UTC).It is reported that the newly launched contract trading pairs support full margin, isolated margin, and split margin modes, and users can experience trading through SuperEx's web and app platforms.

According to Coinglass data, the total contract open interest for ETH has decreased by 5.42% in the past 24 hours, with the current total open interest at $31.088 billion. Among them, Binance's open interest is $6.841 billion, OKX's open interest is $2.088 billion, Bybit's open interest is $1.984 billion, and Gate's open interest is $4.452 billion.

The U.S. Department of Justice stated that Olena Oblamska, a Ukrainian national accused of operating the cryptocurrency investment platform Forsage, was extradited from Thailand to the United States last week and appeared in federal court in Oregon, pleading not guilty to the charge of "conspiracy to commit wire fraud."Prosecutors claim that Forsage operated under the guise of an investment project based on Ethereum blockchain "smart contracts," but in reality constituted a Ponzi and pyramid investment scheme, involving approximately $340 million. Currently, Olena Oblamska is being held in custody awaiting trial, with jury proceedings expected to begin on July 14, 2026; if convicted, she could face up to 20 years in federal prison.

Michael Saylor, the founder and executive chairman of Bitcoin Strategy, has once again released information related to Bitcoin Tracker, stating: "₿ig Dot Energy".According to previous patterns, Strategy always discloses information about increasing Bitcoin holdings the day after relevant news is released.

According to the Ministry of Public Security of China, recently, the police from China, the United States, and the United Arab Emirates conducted international law enforcement cooperation for the first time, jointly combating telecom network fraud crimes in the Dubai area. They successfully dismantled 9 fraud dens and arrested 276 criminal suspects.Investigations revealed that the related fraud gangs established "romantic" relationships with victims through social platforms, deceiving them into trusting them emotionally, and then inducing victims to invest in so-called high-return cryptocurrency projects, resulting in their fraud. A relevant official from the Ministry of Public Security of China stated that this joint crackdown is an important achievement of international law enforcement cooperation by the Chinese police. The Chinese police will deepen practical cooperation with more countries, carry out joint crackdown actions, resolutely eliminate fraud dens, and make every effort to capture suspects involved in telecom fraud, effectively safeguarding the legitimate rights and interests of people in all countries.