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The US spot Hyperliquid ETF recorded a net inflow of $25.5 million, setting the largest single-day inflow record since its launch. Previously, this type of ETF recorded net inflows of $4.4 million and $11 million on Monday and Tuesday, respectively. Data shows that on May 12, the 21Shares Hyperliquid ETF (THYP), launched on that day, had a net inflow of $16.7 million, higher than the previous day's $5.3 million. The Bitwise Hyperliquid ETF (BHYP), which started trading on May 14, recorded a net inflow of $8.8 million, compared to $5.7 million the previous day. In the seven trading days since its launch, this type of ETF has accumulated a net inflow of $54 million.Peter Chung, head of research at Presto Research, pointed out that when adjusted for market capitalization, institutional funds are flowing into the HYPE ETF at a rate that exceeds the influx into Bitcoin ETFs that year. Dominick John, an analyst at Zeus Research, stated that the inflow of funds indicates that investors are seizing entry opportunities in the infrastructure narrative and recognizing its transparent, usage-based revenue model. Boosted by this, the HYPE price rose 17.3% in the past 24 hours to $55.91, with a current market capitalization of approximately $13.4 billion. The token previously reached an all-time high of about $59.3 in September 2025. According to CoinGecko data, HYPE's fully diluted valuation once reached approximately $54.7 billion, briefly surpassing Solana's $54.2 billion.Tim Sun, a senior researcher at HashKey Group, believes that the continuous inflow of funds into the HYPE ETF indicates that the market is forming a new consensus, with decentralized trading platforms beginning to be incorporated into a broader financial infrastructure restructuring process. Jeff Ko, chief analyst at CoinEx, pointed out that the investment logic of HYPE and its related ETFs has structural differences from Bitcoin and Ethereum; Bitcoin is a non-yielding store of value, Ethereum is built around staking yields, while HYPE is closer to equity in a cash-flow-generating trading platform, as the platform uses most of its fees for token buybacks in the open market, providing investors with a more familiar valuation framework.On-chain data shows that Hyperliquid has become a dominant force in on-chain perpetual contracts and derivatives trading. So far this week, the network has captured about 42% of blockchain transaction fee share, surpassing Tron’s 22.6%, Solana’s 10.6%, and Ethereum’s 8%.

According to on-chain analyst Ai Yi (@ai_9684xtpa), Grayscale-associated addresses have accumulated 228,883 HYPE in the past 17 hours, worth $12.1 million; since May 14, a total of 325,205 HYPE ($16.48 million) has been withdrawn, with an average withdrawal price of $50.69, currently yielding a profit of $17 million.

According to token unlocking data from the crypto asset data platform RootData, Moonbirds (BIRB) will unlock approximately 27.08 million tokens at 1 PM Beijing time on May 28, worth about 3.9 million USD.

According to token unlocking data from the Crypto asset data platform RootData, Plasma (XPL) will unlock approximately 88.89 million tokens at 12:00 PM Beijing time on May 28, worth about 7.83 million USD.

According to token unlocking data from the Crypto asset data platform RootData, Sign (SIGN) will unlock approximately 20.778 million tokens at 0:00 Beijing time on May 28, worth about 3.63 million USD.

According to the updated information on the official website of the Hong Kong Securities and Futures Commission, NewBX Limited's digital asset trading platform Bixin has obtained a license to operate a virtual asset trading platform. The institution is authorized to conduct regulated activities under Type 1 (securities trading) and Type 7 (providing automated trading services). It has also been licensed under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance to operate a virtual asset trading platform.As of now, the number of licensed virtual asset trading platforms in Hong Kong has increased to 13, with 6 applicants for virtual asset trading platforms.

The peer-to-peer multi-signature DEX RetoSwap, based on the Tor network, tweeted that its upstream open-source project Haveno trading protocol was attacked by hackers. Subsequently, RetoSwap banned the attacker's onion address and suspended trading through client version restrictions; the team itself was not attacked. The impact of this incident mainly affects large cryptocurrency transactions, while fiat currency trading parties have not yet been affected. The team is currently evaluating plans to assist affected users in recovering their funds.In addition, according to monitoring by PeckShield, RetoSwap users lost approximately 7,000 XMR (about 2.7 million USD) in this attack incident.It is reported that RetoSwap is a fork project of Haveno.

According to crypto analyst Ai Yi @ai_9684xtpa, a whale address that has attracted attention for multiple high-win-rate swing trades of PEPE has transferred all of its remaining 63.9 billion PEPE to Bitget in the past 12 hours, valued at approximately $2.357 million, suspected to have completed liquidation.Data shows that the recharge price for this portion of PEPE was about $0.000003687, with an entry cost of about $0.00001683. If sold, it would incur a loss of approximately $8.4 million. Combined with the portion of the position that was transferred to exchanges two months ago, the total estimated loss has exceeded $17.12 million. Additionally, this address has also recharged other altcoins such as UNI and CAKE to the exchange, and it is currently uncertain whether it plans to fully liquidate or is simply changing addresses.

According to on-chain analyst Ai Yi's monitoring, the largest external holder of HYPE, a16z, is still accumulating. In the past 24 hours, a total of 2.597 million HYPE has been withdrawn from various exchanges, worth 13.29 million dollars, with an average withdrawal price of 51.17 dollars; among them, 73,000 coins were recharged back to the exchange, with an unknown purpose.

According to monitoring by Lookonchain, Grayscale is buying HYPE. It submitted the S-1 registration application for the HYPE ETF in January this year.In the past week, two wallets associated with Grayscale have purchased a total of 510,387 HYPE (approximately 24.95 million USD) and have staked them.

According to monitoring by Lookonchain, Grayscale is buying HYPE. It submitted the S-1 registration application for the HYPE ETF in January this year.In the past week, two wallets associated with Grayscale have purchased a total of 510,387 HYPE (approximately 24.95 million USD) and have staked them.

According to informed sources, U.S. President Trump is expected to issue an executive order aimed at strengthening cybersecurity for artificial intelligence as early as Thursday and has invited leaders from the tech industry to attend the signing event. Media reports previously indicated that the order Trump is expected to sign will modify the existing cybersecurity information sharing program to include artificial intelligence companies, but it will not require federal approval for cutting-edge models.Instead, the order will call for voluntary testing of cutting-edge artificial intelligence systems by the government to identify and patch vulnerabilities in federal, state, and local networks as well as critical infrastructure in the U.S., without the need for extensive new regulations. Informed sources stated that invitations have been sent to several tech industry executives to attend the signing ceremony at the White House on Thursday, but it is currently unclear who will attend.

According to Blockaid monitoring, the Map Protocol/Butter Network cross-chain bridge has been attacked on Ethereum and BSC. The attacker tricked the Butter Bridge V3.1 contract into directly minting approximately 100 trillion MAPO tokens to a newly created EOA address, which is about 480 million times the legitimate supply of 208 million tokens. Additionally, according to DeFi community YAM monitoring, the attacker has currently profited approximately 52.2 ETH (about $110,000). In response, MAP Protocol stated that the team is aware of the situation and is coordinating with external security partners to investigate and contain the issue. The bridging between MAPO ERC-20 and MAPO mainnet has been suspended. Please do not trade MAPO ERC-20 tokens on Uniswap at this time. During the event mitigation period, the liquidity pool remains at risk.Butter Network responded that ButterSwap has been suspended, and the team is coordinating with external security partners for the investigation. Pending transactions will be processed after security is restored. User funds are not at risk, and all affected transactions will be fully processed after recovery.

According to SoSoValue data, yesterday (Eastern Time May 20), the total net inflow of the XRP spot ETF was $1.4543 million. Only the Canary XRP ETF (XRPC) had a net inflow yesterday, with a daily net inflow of $1.4543 million, bringing the historical total net inflow to $445 million.As of the time of writing, the total net asset value of the XRP spot ETF is $1.1334 billion, with an XRP net asset ratio of 1.34%, and the historical cumulative net inflow has reached $1.389 billion.

According to Coinglass data, if Bitcoin breaks through $80,000, the cumulative short liquidation intensity on mainstream CEX will reach $947 million. Conversely, if Bitcoin falls below $76,000, the cumulative long liquidation intensity on mainstream CEX will reach $899 million.The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.

Elon Musk posted on X that, as demonstrated by the recent expanded partnership with Anthropic, SpaceX is providing "AI compute as a service" at a significant scale.SpaceX is also in discussions for similar collaborations with other companies. Over time, especially with the gradual implementation of orbital data centers, SpaceX is expected to be able to provide services for AI at a massive scale.Earlier this month, it was reported that Anthropic and SpaceX reached an agreement, where the former will utilize the full computing capacity of the latter's Colossus1 data center, which will provide over 300 megawatts of new computing power to Anthropic within a month (equivalent to over 220,000 NVIDIA GPUs), directly improving the user experience for Claude Pro and Claude Max subscribers.

According to Onchain Lens monitoring, wallets associated with Anchorage (@Anchorage) further withdrew 142,308 HYPE from Gate and OKX, worth 7.38 million dollars. In the past month, they have accumulated a total of 2.527 million HYPE (140 million dollars) and sent this HYPE for staking.