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The Hong Kong Stock Exchange information shows that Pop Mart (09992.HK) has welcomed a significant change in major shareholder equity, with Duan Yongping and H&H International Investment, LLC simultaneously increasing their holdings in the company, resulting in a concerted action shareholder ownership ratio of 5.69%, triggering mandatory disclosure requirements.

Nasdaq-listed digital asset treasury company BNB Plus announced that it will raise $4.1 million by issuing B-1 series and B-2 series convertible preferred shares, with participation from crypto-native institutional investors such as Comstock Multichain Fund under Silvermine Capital Advisors and Off the Chain LP. The funds raised will be used to increase digital asset reserves, provide operational funding support, and explore opportunities for AI infrastructure development. The company also disclosed that it currently holds over $16.4 million in cash and digital assets.

BSTR Chief Investment Officer Sean Bill stated that he is trying to create "Berkshire Hathaway 2," a company dedicated to achieving an increase in the number of Bitcoin per share. Sean Bill expressed the hope to enter the capital market, effectively manage the capital structure, and allow BTC to play a role in the market.

CoinShares' latest weekly report shows that digital asset investment products recorded a net outflow of $1.47 billion last week, marking the second consecutive week of negative growth and the third largest single-week outflow in 2026, with a cumulative outflow of $2.54 billion over the two weeks.By asset, Bitcoin saw an outflow of $1.315 billion, the largest single-week outflow in 2026, with year-to-date inflows compressed from $3.9 billion to $2.6 billion; Ethereum experienced an outflow of $223 million, remaining roughly the same as last week; some altcoins still recorded slight inflows, with XRP inflowing $31.8 million, Near inflowing $9 million, and Solana inflowing $7.7 million.By region, the United States dominated the outflow pattern, with a single-week outflow of $1.425 billion; Switzerland, Canada, and Hong Kong saw outflows of $16.2 million, $12.5 million, and $12.2 million respectively, as risk-averse sentiment has spread from localized areas last week to most regions globally. CoinShares pointed out that the aforementioned outflows are closely related to the rising geopolitical risks associated with Iran. Despite the ongoing legislative progress of the CLARITY Act, market risk aversion continues to deepen.

JUST's sixth anniversary × GasFree Super Carnival Month continues to ramp up. From May 25 to 31, users who create or log in to a GasFree wallet address using designated wallets (TronLink Wallet, Klever Wallet, Guarda Wallet, NOW Wallet) and transfer USDT to the GasFree address using GasFree for USDT transfers can participate in the distribution of a 10,000 USDT prize pool.The more transfers made, the higher the ranking, and the greater the chance to enjoy fee reimbursement, with a maximum refund of 66 USDT per address. Users who first use GasFree during the event and successfully qualify for reimbursement will also receive an additional 20 USDT egg reward.At the same time, the first round of GasFree's "6" Koi activity has started (May 25, 18:00 --- May 26, 18:00 SGT). Users who hit lucky numbers such as 6, 66, 166 in the transfer ranking can receive 20 USDT, and the event will continue until May 29. In addition, by following @DeFi_JUST and participating in retweet interactions, 10 users will be randomly selected to share an additional benefit of 200 USDT. Create or log in to your GasFree wallet now, start your 0 Gas fee transfer journey, and win multiple surprise rewards.

Virtus Investment, which manages assets totaling $154 billion, has increased its position in Stretch (STRC) under the Bitcoin treasury company Strategy to 402,880 shares, valued at $40 million.

According to BIT analysis, during the bull market from 2020 to 2021, smart contract platforms were widely expected to reshape some of the infrastructure and business processes in the traditional financial system. However, the high expectations did not materialize, and Ethereum's market share in the digital asset ecosystem has continued to decline. Currently, Ethereum's market share has once again fallen below 10%, shrinking by more than half compared to two years ago.This shows that ETH's relative position in the crypto market continues to decline. For investors with heavy ETH holdings, this trend is worth noting. The continuous decline in ETH's market share indicates that funds are flowing towards other narratives or ecosystems. If this trend continues, ETH may still face pressure and maintain a relatively weak position.

According to Decrypt, publicly traded video game and collectibles retailer GameStop (GME) submitted documents to the SEC requesting shareholder approval to increase the number of authorized common shares from the current 1 billion to 2.5 billion, in order to enhance financial flexibility.This proposal is one of five proposals that will be voted on at the annual shareholder meeting in July. This move could provide the company with more leverage for acquiring eBay, which it was previously denied.

According to Arkham monitoring, Bitwise and 21 Shares HYPE ETF saw an inflow of $16.1 million yesterday. In addition, the Bitwise Hyperliquid ETF (BHYP) currently has approximately $15.45 million staked in HYPE.

According to Cointelegraph citing Token Terminal data, the market capitalization of tokenized stocks has surpassed $1.6 billion, with Ethereum leading with a market share of 41.1%.

JPMorgan's latest report points out that although tokenized money market funds have revenue potential, they still only account for about 5% of the broader "stablecoin system," and the core position of stablecoins in the crypto ecosystem is unlikely to be replaced in the short term.The report states that stablecoins have become the default "cash tool" for trading, collateral, settlement, cross-border payments, and liquidity management, widely used in centralized exchanges and DeFi protocols, while tokenized money market funds are constrained by their securities characteristics, subject to registration, disclosure, and transfer restrictions, resulting in structural regulatory disadvantages.Analysts at JPMorgan, led by Nikolaos Panigirtzoglou, expect that without significant changes in the regulatory environment, the market size of tokenized money market funds is unlikely to exceed 10% to 15% of the overall stablecoin market. Current demand is mainly concentrated among crypto-native investors seeking yield and institutional funds looking to balance on-chain settlement with traditional asset protection.The report also notes that although tokenized funds have advantages such as near real-time settlement, 24/7 transfers, and automated clearing, their growth is still constrained by liquidity, counterparty risk, and regulatory uncertainty. JPMorgan believes that in the absence of regulatory easing, these products will struggle to challenge the infrastructure-level position of stablecoins in the crypto market.

SpaceX's initial public offering (IPO) prospectus (Form S-1) shows that there is extensive business and equity overlap among several companies owned by Elon Musk. In this 330-page document, "Tesla" is mentioned 87 times, "xAI" appears 356 times, "X" appears 267 times, and "The Boring Company" and "Neuralink" are mentioned 7 times and 3 times, respectively. In terms of equity, Tesla holds approximately 19 million shares of SpaceX Class A common stock, accounting for less than 1%. In February of this year, after Musk merged his artificial intelligence company xAI with SpaceX, Tesla's shares in xAI were converted into SpaceX shares.In terms of business transactions, SpaceX purchased $131 million worth of Cybertrucks from Tesla at the manufacturer's suggested retail price. Previously, it was reported that SpaceX purchased 1,279 Cybertrucks in the fourth quarter of 2025, and the prospectus suggests that the actual purchase quantity may be higher. Additionally, SpaceX purchased $697 million worth of Megapack energy storage batteries from Tesla in 2024 and 2025 to stabilize peak demand at its Colossus I and II data centers located in Memphis, Tennessee.The prospectus also reveals the financial pressures brought about by the merger. SpaceX will allocate approximately 60% of its capital expenditures (about $20 billion) to xAI in 2025, but xAI's revenue grew only 22% year-over-year last year, and it incurred losses amounting to billions of dollars. In the risk factors section, SpaceX explicitly lists Musk himself as a major risk. The document states that the company "is highly dependent on Musk's continued services," and his leadership, vision, and technical expertise are crucial to the company's future.At the same time, SpaceX acknowledges that Musk is not always 100% focused on company affairs, and several of his companies may compete with each other or encroach on each other's business in certain areas. Musk is not restricted from engaging in activities that may directly compete with SpaceX, which could lead to potential conflicts of interest in the future. Furthermore, Musk's statements and actions may have positive or negative impacts on the company's business, customer relationships, regulatory relationships, or stock price.

According to Onchainlens monitoring, a certain whale opened a long position of 40,000 shares of Nvidia (NVDA) with 10x leverage, worth approximately 8.8 million dollars, with a liquidation price of 210.6 dollars.

Strategy CEO Phong Le stated that in the first quarter of 2026, 13 of the top 15 institutional shareholders of Strategy increased their holdings in $MSTR, with a total increase in holdings of 27%.

Drift Protocol stated on platform X that after the protocol is restored online, users who have staked in the Insurance Fund will be able to withdraw their corresponding shares normally. The Insurance Fund is designed to maintain the protocol's solvency in the event of liquidation or bankruptcy. Since the protocol was paused before losses were completed through normal liquidation or bankruptcy processes, the Insurance Fund was not affected by the related vulnerabilities or attacks.Drift Protocol added that the assets of the protocol's own Insurance Fund will be used to support system restart and user recovery, and plans to publicly disclose the relevant on-chain addresses so that the community can track the use of funds and subsequent deployments.

The five core projects under the TRON ecosystem, SUN, JUST, AINFT, BitTorrent, and WINkLink, have officially launched the "TRON Eco AI Pizza Festival" in collaboration with the cutting-edge AI financial infrastructure platform B.AI. The event will run until May 29. A special prize pool of 2,000 USDT has been established, and 500,000 B.AI points will be given to new users.Users only need to follow and retweet the corresponding project tweets, go to chat.b.ai/chat to claim points, use the exclusive AI pizza invitation code to complete their questions, and tag three friends in the comments section of the event tweet to participate in the leaderboard.Once the total number of comments across the five projects exceeds 4,000, the prize pool will be unlocked, and the final rewards will be distributed based on the popularity rankings in each project's comment section. This event significantly lowers the threshold for Web3 users to experience cutting-edge large models through a dual incentive mechanism, accelerating the integration of TRON ecosystem applications and AI infrastructure.

According to the official announcement, Tether International announced the acquisition of all shares held by SoftBank in Twenty One Capital (XXI), becoming a larger controlling party. After the transaction is completed, the board members of XXI appointed by SoftBank have exited the board in accordance with the shareholder agreement.Tether stated that this move reflects its long-term strategic commitment and confidence in building a publicly listed company from scratch with Bitcoin at its core. The announcement pointed out that SoftBank's early involvement provided important institutional background and governance experience for XXI, helping the company complete its initial phase layout, and Tether will drive XXI into the next stage of development based on this foundation.

According to the Form 144 document recently disclosed by the U.S. Securities and Exchange Commission (SEC), Strategy Inc. Executive Vice President Andrew Kang acquired 5,597 shares of the company's Class A common stock on May 18 through the vesting of restricted stock. This batch of shares was sold on May 19 at an average price of $165.78 per share, with a total transaction value of approximately $927,866.The document notes that part of the proceeds from this sale will be used to pay tax obligations arising from the settlement of equity awards. The transaction was executed under the 10b5-1 trading plan adopted by Kang on May 2, 2024.According to SEC regulations, company insiders can disclose planned sales in advance through Form 144. Kang currently serves as the Executive Vice President of Strategy Inc.

According to The Block, the on-chain RWA market capitalization has exceeded $65 billion, an increase of about 44% from approximately $45 billion at the beginning of the year. Among them, Ethereum currently holds about 33% market share and remains the primary deployment network for institutional tokenized assets; Provenance Blockchain accounts for about 27%, while BNB Chain, XRP Ledger, and Solana each account for about 6%.The report points out that as traditional asset management institutions accelerate the push for asset tokenization on-chain, various public chains are competing around institutional issuers. The liquidity of RWA is highly sticky; once institutions complete the deployment of tokenization infrastructure on a specific chain, the cost of migration is usually high.

According to The Block, as traditional asset management companies accelerate the on-chain tokenization of assets, the total market value of real-world assets (RWA) has surpassed $65 billion, an increase of about 44% since the beginning of the year. Ethereum holds about 33% of the market share, maintaining its position as the default platform for institutional tokenization. Provenance blockchain accounts for approximately 27% of the market share, while BNB Chain, XRP Ledger, and Solana each account for about 6%.The distributed market structure indicates that a clear winner has not yet emerged in the RWA space, and significant share fluctuations remain possible as different chains differentiate themselves in terms of compliance tools, settlement finality, and cost structures. Due to the high stickiness of RWA funds, blockchains that win early institutional partnerships will gain a sustained advantage.