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According to BBX data, corporate Bitcoin reserves are under pressure, intertwined with the continuous outflow of ETF funds, leading to an overall cautious sentiment in crypto concept stocks. The core dynamics are as follows:Trump Media & Technology Group, Corp. (NASDAQ: $DJT) transferred 2,650 BTC (approximately $205 million) to a Crypto.com exchange address on May 22. The company's official statement described this as a "transfer rather than a sale," part of an expanded trading strategy, but the actual disposal method remains to be confirmed as of the report deadline. On-chain data shows that the funds have arrived at the Crypto.com exchange address. Previously, the company transferred 2,000 BTC (approximately $175 million) to Crypto.com about four months ago. The Q1 2026 financial report (May 9, CoinDesk) indicates that as of March 31, the company held 9,542.16 BTC (with a fair value of $647.1 million, and a purchase cost of approximately $1.13 billion); after this transfer of 2,650 BTC, Arkham's on-chain estimate of the remaining holdings is about 6,889 BTC (approximately $532 million). The Q1 financial report also disclosed a net loss of $405.9 million (compared to a loss of $31.7 million in the same period last year) and revenue of only $871,200. The company originally purchased 11,542 BTC at an average price of about $118,522, with a total purchase cost of approximately $1.37 billion, and the current holdings are still significantly discounted compared to the cost; during the same period, the company withdrew its ETF applications for Bitcoin, Ethereum, and Solana from Truth Social.The U.S. Bitcoin spot ETF recorded over $2.26 billion in net outflows in the two weeks ending May 23, ending a streak of seven consecutive weeks of net inflows. During this period, Bitcoin fell from about $82,500 (the recent high on May 6) to $74,305 (on May 23), a decline of about 10%, marking the lowest point since April 20. The iShares Bitcoin Trust (NASDAQ: $IBIT) under BlackRock, Inc. (NYSE: $BLK) has seen its holdings decrease from a peak of about 812,000 BTC to about 800,000 BTC, still accounting for approximately 62% of total assets in U.S. Bitcoin spot ETFs. CoinDesk analysts attribute this round of outflows to high U.S. Treasury yields (with the 10-year yield touching 5.01%) and systemic deleveraging driven by geopolitical pressures, rather than a weakening belief in Bitcoin's long-term logic.

According to the data panel on the ChainCatcher official website, regarding BTC wallet balances, in the past 7 days, among the top 10 exchanges by balance, only Gemini saw a decline, with a decrease of 0.25%; Bybit had the largest increase, reaching 2.65%.In terms of exchange asset transparency proof, in the past 7 days, the top three net inflows were Bybit (+$393 million), Bitget (+$342 million), and HTX (+$13.14 million); the top three net outflows were Binance (-$236 million), Gate (-$98.43 million), and Deribit (-$72.20 million).

On May 14, BNB Chain released the "BSC Post-Quantum Cryptography Migration Report," stating that it has completed the migration testing for quantum-resistant cryptography for transaction signatures and the consensus layer, using the NIST standardized post-quantum signature algorithm ML-DSA-44 (Dilithium) and the pqSTARK aggregation scheme.The report shows that BSC has replaced transaction signatures from ECDSA to ML-DSA-44 and switched consensus voting aggregation from BLS12-381 to pqSTARK to address the potential threats posed by future quantum computing to the existing elliptic curve cryptography system. However, post-quantum signatures also significantly increase the on-chain data volume: the size of a single transaction has increased from about 110 bytes to approximately 2.5KB; the block size in a 2000 TPS scenario has increased from about 130KB to around 2MB; and the TPS in the testing environment has decreased by about 40%-50%.BSC stated that the current network bottleneck mainly comes from the larger transaction data propagation, rather than the consensus protocol itself. Meanwhile, the consensus layer aggregation still maintains high efficiency, with pqSTARK achieving a signature compression ratio of about 43:1, and the additional burden on validators remains within a controllable range. The report concludes that existing technology can achieve "quantum-resistant" deployment for blockchain, but future issues related to network bandwidth and data scalability still need to be addressed.

Ionic Digital released an unaudited mining and operational update report for April 2026, disclosing that 20.45 bitcoins (BTC) were mined in April, a decrease of 27.1% compared to the previous month. The average daily hash rate was 1.51 EH/s, a month-on-month decrease of 26.2%, mainly due to the complete shutdown of its hosting facility in GXD, Oklahoma, which is currently out of operation.Currently, the company has only four mining sites in Midland still operating, which contributed all 20.45 BTC output in April. During the same period, global network hash rate decreased by 2.1%, but block output remained basically stable, with a month-on-month increase of 0.5%. In terms of finances, Ionic Digital maintained a zero-debt status, having not sold any BTC in April. As of April 30, the company held 2,836.4 BTC, an increase of approximately 19.9 BTC compared to the previous month.

The probability on Polymarket for "Hyperliquid will reach $52 in May" has dropped to 19%, down 22% in 24 hours. If during May (from 00:00 on the 1st of the month to 23:59 on the last day, Eastern Time), the highest price (High) of any 1-minute K-line for the Binance HYPEUSDT contract reaches or exceeds the set price in the title, the market will immediately settle as "Yes"; otherwise, it will settle as "No". The settlement data will only use the 1-minute K-line data from the Binance HYPEUSDT contract market, and prices from other exchanges, other trading pairs, or spot market prices will not be included in the settlement basis.According to market news, the prediction market sees changes before pricing.

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.

According to Coinglass data, the total contract open interest for ETH has decreased by 5.12% in the past 24 hours, with the current total open interest at 32.609 billion USD. Among them, Binance's open interest is 7.116 billion USD, OKX's open interest is 2.223 billion USD, Bybit's open interest is 2.076 billion USD, and Gate's open interest is 4.782 billion USD.

According to Coinglass data, the total contract open interest for ETH has decreased by 5.76% in the past 24 hours, with the current total open interest at $32.827 billion. Among them, Binance's open interest is $7.166 billion, OKX's open interest is $2.254 billion, Bybit's open interest is $2.089 billion, and Gate's open interest is $4.873 billion.

According to official data, in the 7 days ending May 14, Circle issued approximately 5.4 billion USDC, redeemed about 7.1 billion USDC, and the circulation decreased by approximately 1.7 billion. The total circulation of USDC is 76.5 billion, with reserves of about 76.7 billion USD, including overnight reverse repurchase agreements of about 48.3 billion USD; Treasury bonds with maturities of less than 3 months of about 16.1 billion USD; deposits from systemically important institutions of about 11.9 billion USD; and other bank deposits of about 500 million USD.

According to Coinglass data, the total contract open interest for BTC has decreased by 5.16% in the past 24 hours, with the current total open interest at 58.458 billion USD. Among them, Binance's open interest is 10.672 billion USD, OKX's open interest is 3.355 billion USD, Bybit's open interest is 4.882 billion USD, and Gate's open interest is 4.547 billion USD.

According to Coinglass data, the total contract open interest for BTC has decreased by 5.26% in the past 24 hours, with the current total open interest at 58.659 billion USD. Among them, Binance's open interest is 10.739 billion USD, OKX's open interest is 3.377 billion USD, Bybit's open interest is 4.912 billion USD, and Gate's open interest is 4.553 billion USD.

According to Coinglass data, the total contract open interest for ETH has decreased by 6.28% in the past 24 hours, with the current total open interest at 32.663 billion USD. Among them, the open interest on Binance is 6.88 billion USD, OKX is 1.95 billion USD, Bybit is 2.052 billion USD, and Gate is 4.338 billion USD.

According to Coinglass data, the total contract open interest for ETH has decreased by 5.14% in the past 24 hours, with the current total open interest at 33.171 billion USD. Among them, Binance has an open interest of 6.961 billion USD, OKX has an open interest of 1.994 billion USD, Bybit has an open interest of 2.103 billion USD, and Gate has an open interest of 4.406 billion USD.

According to Cointelegraph, the trading volume of the prediction market platform Polymarket saw a month-on-month decline in April, dropping about 8.9% compared to March, marking the first monthly decline since last August.According to Dune Analytics data, the total trading volume of Polymarket and its U.S. application in April exceeded $10.2 billion, down from $11.2 billion in March. In contrast, competitor Kalshi's trading volume increased significantly by 13% in April, reaching about $14.8 billion.Despite the decline in Polymarket's share, the total trading volume of the entire prediction market still grew from $26.5 billion in March to $29.8 billion in April, a month-on-month increase of 12.4%.

According to Cointelegraph, Bakkt released its financial report for the first quarter of 2026, showing a net loss attributable to the company of $11.7 million, or a loss of $0.41 per share; compared to a net profit of $7.7 million in the same period last year.Due to a decline in cryptocurrency trading volume, Bakkt's cryptocurrency service revenue fell from $1.07 billion in the same period last year to $243.6 million, a year-on-year decrease of 77%, although most of this was offset by cryptocurrency costs and brokerage fees. The company held $82.6 million in cash at the end of the first quarter and has no long-term debt.Bakkt stated that it is transitioning from cryptocurrency trading infrastructure to stablecoin payments and AI financial infrastructure, and completed the acquisition of Distributed Technologies Research on April 30, gaining an AI-native payment engine and a stablecoin compliance technology stack.

According to Jinshi, U.S. interest rate futures indicate that the probability of the Federal Reserve raising interest rates in 2026 has slightly decreased.

According to Coinglass data, the total contract open interest for BTC has decreased by 5.08% in the past 24 hours, with the current total open interest at 61.418 billion USD. Among them, Binance's open interest is 11.257 billion USD, OKX's open interest is 3.503 billion USD, Bybit's open interest is 4.829 billion USD, and Gate's open interest is 5.42 billion USD.

According to the data panel on the ChainCatcher official website, regarding BTC wallet balances over the past 7 days, Bybit had the largest decrease among the top 10 exchanges, at 1.85%, followed by Bitfinex with a decrease of 0.51%; Bithumb had the largest increase, reaching 1.39%.In terms of reserve assets, over the past 7 days, the top three net outflows were HTX (-$656 million), Bybit (-$221 million), and OKX (-$205 million); in terms of net inflows, Binance had the highest inflow, reaching $722 million; followed by Bitget with a net inflow of over $238 million; Bitfinex had a net inflow of $110 million.

The Bitcoin mining difficulty experienced an adjustment at block height 947,520, with the mining difficulty decreased by 2.3% to 132.47 T; currently, the average network hash rate over the past seven days is 965.99 EH/s.

According to Jinshi reports, Federal Reserve official Kashkari stated that before the outbreak of the war, he believed inflation might decline and that it was necessary to cut interest rates again this year. However, the changes in March were not sufficient to prompt a revision of the policy statement.