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With HYPE reaching new highs, both bulls and bears on-chain continue to experience a mix of joy and sorrow. As of the time of writing, the largest short seller of HYPE, loracle.hl, has already incurred a floating loss of 25.9 million dollars, with the latest liquidation price at 68.8 dollars. The largest bull address of HYPE has already realized a floating profit of 28.64 million dollars: they opened a long position of 1.38 million HYPE (82 million dollars) at a price of 38.6 dollars last November and have held the position for 7 months.

According to Onchain Lens monitoring, just as HYPE reached a historic high, a newly created wallet withdrew 198,535 HYPE from Bybit, worth 11.62 million dollars.

According to Coinglass data, if ETH breaks through $2,225, the cumulative short liquidation intensity on mainstream CEX will reach $1.109 billion. Conversely, if ETH falls below $2,020, the cumulative long liquidation intensity on mainstream CEX will reach $699 million.

According to Coinglass data, if BTC breaks through $80,952, the cumulative short liquidation intensity on mainstream CEX will reach $1.416 billion. Conversely, if BTC falls below $73,662, the cumulative long liquidation intensity on mainstream CEX will reach $1.096 billion.

The asset tokenization platform Securitize is advancing its business merger with the Nasdaq-listed SPAC Cantor Equity Partners II (CEPT) and plans to use this to list on Nasdaq. Securitize founder and CEO Carlos Domingo stated that the company has achieved profitability in the asset tokenization field by establishing partnerships with multiple financial institutions and will leverage the SPAC transaction to accelerate expansion, issuing and trading more assets in digital token form beyond stablecoins.

The globally leading cryptocurrency trading platform Gate held an offline high-end reception titled "Gate x Inter XIII: Champion's Circle" on May 21 in Milan, Italy at Sublime Milano.The event invited nearly a hundred core guests to engage in deep interaction and communication around the championship moments of Inter Milan and the theme of Gate's thirteenth anniversary. During the event, guests visited the Inter Milan headquarters to view the championship trophy tour, participated in the Gate thirteenth anniversary celebration ceremony, and sang birthday wishes together with legendary football stars.In the interactive session, there was also an opportunity for autographs and photos, along with a pizza and drinks networking reception, further strengthening the community connections among guests. At the end of the event, Gate Europe CEO Giovanni Cunti personally delivered a speech, expressing sincere gratitude for the long-term support of community members and demonstrating Gate's firm determination to deepen its presence in the European market through high-profile sports cross-industry collaborations.Leveraging the championship heat and global attention of Inter Milan's "double crown" this season, Gate is enhancing the real connection between the brand and users through offline deep experiences and interactions with top sports IPs. Previously, Gate Europe CEO Giovanni Cunti attended the Malta Digital Assets Forum 2026 roundtable discussion on May 14, sharing insights on regulatory practices and industry development trends following the implementation of MiCA. Gate is promoting the integration of Web3 culture in broader scenarios through a dual strategy of sports IP collaboration and compliance dialogue in Europe.

According to Gate market data, the Dow Jones Index opened down 214.82 points on May 21 (Thursday), a decrease of 0.43%, reporting at 49,794.53 points; the S&P 500 Index opened down 34.32 points, a decrease of 0.46%, reporting at 7,398.65 points; the Nasdaq Composite Index opened down 130.26 points, a decrease of 0.5%, reporting at 26,140.1 points.

According to Businesswire, Nasdaq-listed company SUI Group updated its business operation data, disclosing that the SUI holdings exceeded 108 million, reaching 108,793,779 as of May 19. This holding size corresponds to a market value of approximately 115 million USD (based on the SUI price of 1.06 USD), with an overall staking yield of about 1.8%. Its market value relative to net asset value (mNAV) is approximately 0.91 times, which has narrowed compared to before.

According to the official announcement, Bitget has now launched the U-based 10000NEX perpetual contract, supporting up to 20x leverage, and the contract trading bot will be opened simultaneously.In addition, you can participate in the NEX CandyBomb event. New contract users who complete net deposits and trading tasks can earn up to 20 million NEX individually, with a total prize pool of 2 billion NEX. The event ends on May 28 at 20:00 (UTC+8), and more details can be found on the Bitget official platform.

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.

According to Jinshi reports, the number of initial jobless claims in the United States for the week ending May 16 was 209,000, lower than the market expectation of 210,000, and the previous value was revised from 211,000 to 212,000.

According to Forbes, U.S. Treasury Secretary Scott Bessent stated that the U.S. Treasury has frozen nearly $500 million in cryptocurrency assets related to the Iranian regime, including $344 million frozen last month.The report states that Iran currently controls about $7.7 billion in digital assets and uses Bitcoin to settle payments for shipping insurance via the Strait of Hormuz.The U.S. is intensifying its crackdown on Iran's cryptocurrency activities to cut off its channels for evading sanctions and transferring funds. Industry insiders say that cryptocurrency transactions can still be tracked, and the U.S. may further pressure by restricting cryptocurrency exchanges' access to the U.S. banking system.

According to official news, Gate DEX's efficient trading tool Meme Go has officially launched a 21-day "Solana Automatic Copy Trading Challenge."As the core benefit of this period, participating members can earn up to 740 USDT in cash rewards by completing daily automatic copy trading tasks on the Solana chain. In addition to a daily maximum of 30 USDT in advanced check-in rewards, newcomers who complete their first copy trading task can receive an extra 10 USDT, and forming a team to invite friends can earn a cash reward of 100 USDT. Currently, users can replicate top trading strategies with one click through the Web version of 【Meme】-【Copy Trading Beta】, achieving fully automated on-chain wealth generation and growth.Meme Go is an efficient Meme trading and chain scanning tool launched by Gate DEX, helping users accurately capture token issuance and trading opportunities through millisecond-level full-chain scanning, an intelligent trading engine, and customized analysis, driving efficient returns.

According to CoinDesk, approximately $6.25 billion in Bitcoin options contracts will expire on May 29, with a strike price of $75,000 gathering the largest put position with a notional value of about $394 million, while the $80,000 strike price has the largest call position of about $532 million. The current maximum pain point is at $75,000, which is about 3% lower than the current Bitcoin price of $77,250. Data shows that this expiration involves a total of 80,535 contracts, with 43,184 call options and 37,351 put options, resulting in a Put/Call Ratio of 0.86, indicating that the market overall still leans towards a moderately bullish outlook.It is worth noting that the Bitcoin call option expiring on May 29, 2026, with a strike price of $82,000 became the most actively traded single option product on Thursday, with about 1,600 contracts traded and a notional value of approximately $126 million, indicating that some traders are betting on a breakout for Bitcoin.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "LoL: BNK FEARX vs Hanwha Life Esports (BO3) - LCK Round 1-2", the "Yes" option for the sub-market "Any player gets a Quadra Kill" has experienced a dramatic fluctuation in win rate, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of relevant breaking news.

Bitcoin Treasuries.NET posted on platform X that Elon Musk's SpaceX and Tesla currently hold a total of 30,221 Bitcoins, worth 2.3 billion dollars. If combined, it would become the fifth largest publicly traded company holder of BTC.

According to Gate market data, U.S. stock index futures are generally down, with the S&P 500 E-Mini futures down 0.25%, Nasdaq 100 futures down 0.35%, and Dow futures down 0.09%. Additionally, there are reports that Iran's Supreme Leader has ordered that near-weapons-grade uranium must remain in Iran.

According to TASS, the Russian Ministry of Finance and the Central Bank of Russia plan to finalize the draft law for cryptocurrency market regulation next week and submit it to the State Duma for a second reading.Deputy Minister of Finance Ivan Chebeskov announced this news to reporters during the "Russian Digital Financial System: Digital Currency, Tokenization, and Artificial Intelligence" conference.

According to Coinglass data, if ETH breaks through $2,215, the cumulative short liquidation intensity on mainstream CEX will reach $1.021 billion. Conversely, if ETH falls below $2,028, the cumulative long liquidation intensity on mainstream CEX will reach $648 million.