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According to CoinDesk, the U.S. Federal Reserve issued a revised proposal Wednesday establishing a framework for limited payment accounts—commonly called "skinny" master accounts—that would allow non-bank firms, including crypto companies, to clear and settle payments through Fed rails. Payment account holders would not receive intraday credit, discount window access, or interest on balances, and automated controls would prevent overdrafts. The proposal, now open for a 60-day comment period, follows a December 2025 request for information and increases maximum closing balance limits based on expected payment activity. The Fed also asked regional banks to pause consideration of certain applications while finalizing the rule, a day after President Trump's executive order directing a review of crypto firms' access to Fed payment rails.

According to CoinDesk, Representatives Steven Horsford (D-NV), Max Miller (R-OH), Suzan DelBene (D-WA), and Mike Carey (R-OH) reintroduced a revised version of the Parity Act on Wednesday, directing the IRS to study the feasibility and potential abuse of a de minimis exemption for crypto transactions. The new bill also creates a tax safe harbor for "regulated payment stablecoins" — no gain or loss would be recognized unless the cost basis falls below 99% of the stablecoin's redemption value — and defines how wash sale rules apply to digital assets. The IRS review would examine how many transactions worth less than $200 are captured under current law and what infrastructure would be needed to implement a carveout. Horsford previously called tax policy "the foundation" for integrating digital assets into the financial system, arguing that unresolved tax questions remain a barrier to consumer and institutional adoption.

SpaceX has chosen Goldman Sachs to participate in its record-breaking initial public offering (IPO), according to a prospectus filed by the company on Wednesday. The transaction is expected to yield significant financial returns and could position Goldman Sachs as the lead underwriter for other high-profile IPOs, such as those of OpenAI and Anthropic. SpaceX's IPO is anticipated to be the largest in history, with the company's valuation reaching $1.25 trillion in its latest acquisition round. Goldman Sachs will hold the prominent 'lead left' position in the IPO prospectus, likely overseeing the final allocation, pricing, and valuation of shares, and receiving the largest share of underwriting fees.
Matt Kennedy, a senior IPO strategist at Renaissance Capital, noted that executing a transaction of this magnitude could be complex but highly lucrative. Sources indicate that SpaceX's IPO is expected to be at least twice the size of Alibaba's $25 billion IPO in 2014, which paid $300.4 million in commissions to underwriting banks, about 1.2% of the total transaction size. Other major IPOs, such as Meta's in 2012 and Uber's in 2019, also had underwriting fees slightly above 1%. Based on similar rates, SpaceX's IPO could generate over $500 million in underwriting fees. For context, Goldman Sachs reported total equity underwriting revenue of $535 million last quarter.

Eurozone economic activity in May contracted at the fastest pace in two and a half years, as the war-induced surge in living costs hit service sector demand and pushed overall input price inflation to a three-and-a-half-year high. According to Jin10, the latest data shows that the Eurozone's composite PMI preliminary reading for May fell from 48.8 to 47.5, marking the lowest level since October 2023 and falling short of market expectations of 48.8. This indicates that private sector activity in the Eurozone has contracted for the second consecutive month. The preliminary PMI for the Eurozone's service sector dropped from 47.6 to 46.4. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, stated, "The preliminary PMI survey data for May shows that the Middle East war is increasingly damaging the Eurozone economy. The survey data suggests that the Eurozone economy is likely to contract by 0.2% in the second quarter." Williamson added, "The service sector has been particularly hard hit due to the surge in living costs caused by the war, especially the rise in energy prices, which has weakened demand."

According to CoinDesk, Polymarket filed to list "combinatorial outcome contracts" — effectively parlays — in U.S. sports event contracts with the CFTC on Wednesday, self-certifying the product for launch no earlier than May 21. Each parlay would resolve to $1 only if every underlying leg settles in the user's favor; a single loss zeroes the contract.Separately, SEC Chairman Paul Atkins said his agency is seeking public input on event contract ETFs, acknowledging that "novel products raise novel questions" and noting ETF assets have tripled in seven years. The dual developments add fuel to an escalating jurisdictional fight, with the CFTC asserting exclusive federal authority under the Commodity Exchange Act while state regulators and gambling firms argue sports prediction markets infringe on state rights to regulate and tax gambling. The Supreme Court is widely expected to eventually take up the issue.

According to the announcement from Binance, the platform is set to introduce the SPCXUSDT USDⓈ-M Futures Pre-IPO Perpetual Contract. Trading for this new contract will commence on 2026-05-21 at 03:45 (UTC). This initiative aims to broaden the trading options available on Binance Futures and enhance the overall trading experience for users.
The SPCXUSDT contract is based on the underlying equity of Space Exploration Technologies Corp. (SPCX) and will be settled in USDT. The contract features a tick size of 0.01 and a minimum trade amount of 1 SPCX, with a minimum notional value of 5 USDT. During the Pre-IPO trading period, the capped funding rate is set at +0.005% per funding interval, which will adjust to +2.00% / -2.00% after the Pre-IPO trading concludes. The interest rate during the Pre-IPO period is fixed at 0.015% daily, with funding fees settled every eight hours. The contract supports a maximum leverage of 5x and is available for trading 24/7.
The mark price methodology during the Pre-IPO trading period involves calculating the average of the last 10 seconds’ trade prices on Binance RIE every second. A ±1% price cap is imposed to limit price changes within this range during the Pre-IPO trading and transition period. Once the official IPO listing occurs, the Pre-IPO Perps will transition to standard TradFi Perps, with the mark price gradually converging to the standard calculation. The funding rate will also transition to the standard TradFi Perp Funding Rate Mechanism as outlined in the Clearing Procedures. Binance may adjust leverage and margin requirements in accordance with the Clearing Rules.

According to the announcement from Binance, the platform has introduced a new feature called Live Trading Hub on Binance Square Live, accompanied by a promotional event offering a total prize pool of 15,000 USDT. This initiative aims to enhance social trading by allowing creators to share real-time trading data, including positions, profit and loss (PnL), and trade history during livestreams. Viewers can participate and compete on a live leaderboard, making trading a more interactive and communal experience.
The promotion period is set from 2026-05-21 00:00 (UTC) to 2026-05-30 23:59 (UTC). Creators can unlock livestream access automatically upon reaching 1,000 Binance Square followers. Those with prior livestreaming experience or a strong content creation background can apply for access through a survey. Creators participating in the promotion can compete for a share of 10,000 USDT across two leaderboards: the Popular Streamer Leaderboard and the Skilled Streamer Leaderboard. The former ranks creators based on the cumulative number of valid participants in their sessions, while the latter ranks them by the realized PnL of their best session.
For viewers, a separate reward structure offers a 5,000 USDT prize pool. The first 1,666 users who join a Live Trading Hub session, make their first TradFi USDⓈ-M Futures trade, and achieve a trading volume of at least 100 USDT will receive a 3 USDT Futures Bonus Voucher. Rewards are distributed on a first-come, first-served basis. Binance Square aims to be a comprehensive social platform for Web3 trends, connecting content creators with followers and customizing user feeds based on engagement history.

Syndicate, a DAO infrastructure service provider, has announced plans to gradually cease operations. According to Foresight News, the company cited a fundamental shift in the Rollup market after five years of building on-chain developer infrastructure. The Rollup market has significantly contracted, with many Rollups quietly shutting down, and the focus has shifted from EVM Rollups to custom chains built from scratch by consulting teams, resulting in low reusability of technology and network value.
Syndicate consists of two parts: Syndicate Labs, the development company, is closing, while Syndicate Network Collective, a Wyoming DUNA holding SYND tokens with governance rights, remains an independent entity. The governance of SYND will not be affected in the short term. The decision to cease operations is unrelated to recent cross-chain events, and affected users and SYND holders have been fully compensated through treasury reserves. Tokens held by the team and investors remain locked, with no short-term profits.

The National Cryptocurrency Association (NCA) reports that 67 million Americans now own cryptocurrency, highlighting the need for federal regulations to pass Congress this year. According to BeInCrypto, this announcement follows the Senate Banking Committee's 15-9 vote on May 14, advancing the Digital Asset Market Clarity Act of 2025 to a full Senate floor test. The NCA's 2026 State of Crypto Holders Report, conducted with The Harris Poll, shows 12 million new crypto owners, bringing the total to roughly one in four U.S. adults. California leads with 9.5 million holders, followed by Texas, Florida, and New York. The CLARITY Act proposes splitting oversight between the Commodity Futures Trading Commission and the Securities and Exchange Commission. The bill, which passed the House in July 2025, now requires 60 Senate votes to overcome a filibuster.

OpenAI is preparing to confidentially file for an initial public offering as soon as Friday, with Goldman Sachs and Morgan Stanley advising on the draft prospectus, The Wall Street Journal reports, citing people familiar with the matter. The ChatGPT maker, last valued at $852 billion, aims to be ready to go public as early as September, though plans remain fluid. The filing follows OpenAI's courtroom victory over co-founder Elon Musk earlier this week, removing a key obstacle to the listing. CFO Sarah Friar has cautioned internally that the company may need more time, while OpenAI also faces intensifying competition from Anthropic and Google and has recently missed internal revenue and user targets. The IPO would cap what could become the largest year ever for public offerings, with SpaceX and Anthropic also exploring blockbuster debuts.

According to WatcherGuru, Wall Street firms raised their Nvidia stock price targets following the company's fiscal Q1 2027 earnings release after the May 20 close, with the revised range spanning $270 to $325 and led by HSBC at $325. Morgan Stanley lifted its target to $285 and framed its thesis around a $1 trillion long-run revenue scenario, with analyst Joseph Moore noting "visibility into the supply chain has improved materially." Other adjustments included GF Securities to $308, DA Davidson and KeyBanc both to $300, and TD Cowen to $275. China remains an overhang: Nvidia lost H20 market access in April 2025, and H200 sales to 10 Chinese firms are held up by local regulators.

SpaceX has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC). According to Bloomberg, the statement discloses a first-quarter net loss of $4.28 billion on revenue of $4.69 billion and a dual-class share structure giving Elon Musk 85.1% voting control. The filing shows 2025 full-year revenue of $18.7 billion and a net loss of $4.94 billion, driven by heavy AI spending after the xAI acquisition. Musk could earn up to 1 billion additional shares for hitting milestones including a 1-million-person Mars settlement. The IPO targets as much as $75 billion at a valuation of up to $2 trillion, with marketing expected June 4 and pricing as soon as June 11 on Nasdaq under ticker SPCX.

According to Bloomberg, Anthropic PBC has agreed to pay SpaceX nearly $45 billion over three years for computing resources to support its Claude artificial intelligence software, according to a securities filing related to SpaceX's initial public offering. Anthropic is expected to pay $1.25 billion per month through May 2029, with capacity ramping at a reduced fee in May and June 2026. Either party may terminate the agreement with 90 days' notice.

The Eurozone's manufacturing sector showed signs of slowing down in May, with the preliminary Purchasing Managers' Index (PMI) coming in at 51.4. According to Jin10, this figure is below the anticipated 51.8 and marks a decline from the previous month's reading of 52.2. The PMI is a key indicator of economic health in the manufacturing sector, with a reading above 50 indicating expansion. The latest data suggests a deceleration in growth, raising concerns about the region's economic momentum.

According to Foresight News, monitoring by Lookonchain reveals that the short position held by loracle.hl in HYPE has now surpassed $100 million. The address is currently experiencing an unrealized loss of over $23 million, with a liquidation price set at $69.49.

Exodus Movement, a cryptocurrency wallet service provider, has released its operational data report for April. According to ChainCatcher, the company resumed increasing its holdings of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) after selling over a thousand BTC in the first quarter to fund a payment business acquisition. As of the end of April, Exodus holds 629 BTC, 1,872 ETH, and 19,234 SOL.
In addition, the company's transaction volume for April reached $347 million, with monthly active users remaining steady at 1.5 million, similar to March.

Germany's private sector activity contracted for the second consecutive month in May, impacted by the Iranian war, which has hindered economic recovery, suppressed demand, and driven up prices. According to Jin10, the preliminary composite Purchasing Managers' Index (PMI) for Germany, compiled by S&P Global, slightly increased from 48.4 to 48.6, surpassing market expectations of 48.4. However, the index remains below the 50 threshold, indicating a contraction in economic activity. The preliminary PMI for the services sector rose from 46.9 to 47.8, yet it also stayed below the 50 mark. Meanwhile, the manufacturing sector stagnated, with its index falling from 51.4 to 49.9. Phil Smith, the Associate Director of Economics at S&P Global Market Intelligence, stated, "With the preliminary PMI for May showing a decline in business activity for the second month in a row, the German economy is set to contract in the second quarter of this year." The decline was primarily led by the services sector, where business activity decreased for the second consecutive month, although at a slower pace than in April. "In manufacturing, the boost from efforts to build inventories in response to rising prices and supply shortages appears to be fading," Smith added.

Ripple Prime has announced a partnership with EDX Markets to broaden its trading services for institutional clients, focusing on spot and perpetual futures markets. According to NS3.AI, EDX Markets operates as a U.S.-based institutional crypto platform, aiming to provide advanced trading solutions for its clientele.

Hyperliquid's fully diluted valuation has climbed to $54.36 billion, surpassing Solana's valuation of $54.02 billion. According to NS3.AI, CoinMarketCap data indicates that Hyperliquid is ahead by approximately $340 million.

France's private sector economic activity contracted at the fastest pace in five and a half years in May, according to S&P Global data. The decline reflects a sharp downturn in the services sector and a renewed drop in manufacturing output. According to Jin10, the preliminary services PMI for May was recorded at 42.9, while the composite PMI stood at 43.5, both marking a 66-month low. The manufacturing PMI fell from 52.8 in April to 48.9 in May. Joe Hayes, Chief Economist at S&P Global Market Intelligence, stated, "The preliminary PMI survey for May presents a series of alarming data. The inflationary impact of the oil price shock continues to spread, with price indices in both manufacturing and services rising again." He added, "Worryingly, we see a significant decline in new orders for the private sector in May, clearly indicating that this shock has substantially increased the recession risk for the eurozone's second-largest economy."

France's composite Purchasing Managers' Index (PMI) for May recorded a preliminary reading of 43.5, according to Jin10. This figure is below the expected 47.7 and the previous value of 47.6, indicating a decline in economic activity.

Macquarie Group has decreased its investment in BlackRock's spot Bitcoin ETF, reducing its position to 4.139 million shares valued at approximately $159 million by the end of March this year. According to NS3.AI, a 13F filing revealed that this position was previously 5.126 million shares, worth about $255 million, at the end of last December. Additionally, Macquarie Group cut its holdings in the Ethereum spot ETF, ETHA, by 9.5%, bringing its shares down to 3.289 million from 3.634 million.

Millennium Management has significantly reduced its holdings in IBIT and ETHA, according to its 13F filing. According to Foresight News, the company's IBIT holdings decreased from 34.334 million shares on December 31, 2025, to 19.287 million shares on March 31, 2026, marking a reduction of approximately 43.8%. The asset value dropped from about $1.705 billion to $741 million. Similarly, ETHA holdings fell from approximately 25.1 million shares to 16.5 million shares, a decrease of about 34.3%, with the asset value declining to around $261 million. Both Bitcoin and Ethereum spot ETFs saw noticeable reductions in holdings.

Junko Koeda, a member of the Bank of Japan's Policy Board, stated on Thursday that she believes Japan's nominal neutral interest rate is above 1%. According to current staff estimates, the BOJ considers the real neutral rate to be between -0.9% and +0.5%. Assuming inflation fluctuates around the BOJ's 2% target, this suggests the nominal neutral rate would range from 1.1% to 2.5%. 'My view is that the lower bound of Japan's neutral rate may be above 1%,' Koeda said at a press conference. The nominal neutral rate is closely watched by the market as it can indicate how far the central bank's short-term policy rate is from a level that is neutral to the economy. The BOJ currently sets the short-term policy rate at 0.75%.

The Smarter Web Company, a technology firm listed in London, has increased its Bitcoin holdings by 19, bringing the total to 2,859. According to Foresight News, this move reflects the company's ongoing investment strategy in cryptocurrency.

According to ChainCatcher, data from Coinglass reveals that the Hyperliquid platform currently has whale positions totaling $4.593 billion. Long positions account for $2.237 billion, representing 48.69% of the total, while short positions amount to $2.357 billion, making up 51.31%. The profit and loss for long positions is $69.7163 million, whereas short positions have a loss of $128 million.
Notably, a whale address, 0x8def..ae, has taken a 5x leveraged short position on HYPE at a price of $44.4169, resulting in an unrealized loss of $22.466 million.

Arthur Hayes has indicated that HYPE is approaching a new all-time high, moving closer to his price target of $150. According to NS3.AI, HYPE has experienced a significant increase of approximately 46% over the past seven days.

AMD is reportedly working with TSMC to enhance the production capacity of its next-generation CPUs. According to Jin10, this collaboration aims to meet the growing demand for advanced processors in the market. The partnership is expected to leverage TSMC's cutting-edge manufacturing technology to improve efficiency and output. This move comes as AMD seeks to strengthen its position in the competitive semiconductor industry.

Cardano's governance organization, Intersect, has introduced the Cardano Critical Integrations V2 proposal, seeking 23 million ADA for the second year of infrastructure support. According to Foresight News, the funding will be used for the maintenance, enhancement, and delivery of key projects such as Circle (USDCx), LayerZero, Pyth, and Dune, along with the addition of Fireblocks native integration.
The proposal was jointly submitted by the Cardano Foundation, Input Output Group, EMURGO, and Midnight Foundation through the Pentad structure, with Intersect serving as the administrator without voting rights. The proposal is currently in the community voting phase.

Binance Wallet announced on X that the Binance Alpha airdrop is set to commence today at 12:00 (UTC). Users who have accumulated at least 230 Binance Alpha Points are eligible to claim the token. The distribution will operate on a first-come, first-served basis, continuing until the airdrop pool is fully distributed or the event expires.
The airdrop aims to reward users based on their accumulated points, providing an opportunity to engage with the Binance Alpha ecosystem. Participants are encouraged to act promptly to secure their share of the tokens. Further details regarding the airdrop will be provided in due course.

Elon Musk announced that SpaceX is actively recruiting world-class engineers and physicists to join its SpaceXAI division. According to Jin10, this move is part of SpaceX's ongoing efforts to enhance its capabilities in artificial intelligence and related technologies. The company is seeking talented individuals who can contribute to its ambitious projects and drive innovation in the field.

India's composite Purchasing Managers' Index (PMI) for May recorded a preliminary value of 58.1, slightly below the previous month's figure of 58.2 but above the expected 58. According to Jin10, this data suggests continued expansion in India's economic activity, as a PMI above 50 indicates growth. The PMI is a key indicator of economic health, reflecting business conditions in the manufacturing and services sectors.

The South Korean stock market has experienced a significant surge, prompting some retirees to withdraw their pension funds and borrow money to invest in stocks. According to PANews, these individuals are leveraging their investments heavily, focusing on major companies such as Samsung and SK Hynix. This trend reflects a high-risk approach as retirees gamble their pensions in pursuit of potential stock market gains.

Kate Fraher, the former chief risk officer of Silvergate, has decided to settle with the U.S. Securities and Exchange Commission (SEC) in 2024 to circumvent a lengthy court battle. According to Cointelegraph, Fraher faced allegations of misleading investors regarding anti-money laundering protocols and the bank's oversight of cryptocurrency clients. In her initial public remarks on Wednesday concerning the settlement, Fraher asserted that no financial institution had demonstrated a failure in Silvergate's anti-money laundering measures. She chose to settle to "move forward," agreeing to a civil penalty of $250,000 and accepting a five-year prohibition from serving as a company executive or board director.
Fraher highlighted the intense pressure exerted by the process, noting the personal impact, including being de-banked and having credit lines abruptly closed. These tactics, she claimed, were designed to disrupt daily life and enforce compliance. Her comments shed light on the circumstances surrounding Silvergate's voluntary closure following FTX's collapse. Fraher's ability to speak out came after the SEC lifted the longstanding "gag rule" on Monday. She clarified that the wind-down was not due to a "bank run" or market volatility from FTX's November 2022 collapse, despite the bank experiencing a deposit run of approximately 70%. Instead, Fraher attributed the decision to the "broader administrative and regulatory pressure" on the digital asset industry, which rendered operating a viable business unfeasible.
The situation has been dubbed "Operation Chokepoint 2.0" by industry experts, referring to an alleged strategy by U.S. financial regulators to sever banking services for crypto companies, thereby hindering their operations within the financial system. Silvergate was not alone in facing these stringent measures, which intensified post-FTX's collapse. Signature Bank and Silicon Valley Bank also closed in early 2023, partly due to deposit runs, liquidity stress, and contagion effects linked to FTX and several bankrupt crypto lending platforms in 2022. However, Fraher noted that by early 2023, Silvergate had weathered the FTX collapse by restructuring with "appropriate capital levels" and a "right-sized workforce" to ensure safe operations.
Fraher commended the SEC's current leadership under Paul Atkins for abolishing the gag rule, which she deemed an "unconstitutional policy." "I am glad the right to speak the truth has finally been restored," Fraher stated, emphasizing the need to discuss the long-term professional and personal toll imposed on individuals by regulation through enforcement.

Business activity in the euro area has contracted at the fastest rate in two and a half years, raising concerns about the economic impact of the ongoing conflict in Iran. Bloomberg posted on X, highlighting the growing apprehension among economists and policymakers about the potential repercussions on the region's economic stability. The decline in business activity underscores the challenges faced by the euro area as it navigates geopolitical tensions and their effects on economic performance.

According to the announcement from Binance, the platform is set to host an AltLayer (ALT) Trading Tournament, offering eligible participants a chance to share a total prize pool of 300 BNB in token vouchers. The tournament will run from 2026-05-20 10:00 (UTC) to 2026-05-27 10:00 (UTC). An 'Early Bird Boost' multiplier is introduced to reward users who trade earlier during the promotion period.The tournament is open to all verified new, regular, and Binance VIP users, excluding liquidity providers in the Binance Spot Liquidity Provider Program and Binance Brokers. Eligible trading pairs for the tournament include ALT/USDT and ALT/USDC. Participants will benefit from the Early Bird Boost Multiplier, which decreases over time, incentivizing earlier trades with higher multipliers. The effective trading volume is calculated by multiplying the actual daily trading volume by the Early Bird Boost Multiplier.Participants must achieve a minimum total effective trading volume of 500 USD equivalent in the eligible pairs during the promotion period to qualify for rewards. The reward structure is based on cumulative trading volume, with the top participant receiving 15 BNB. Subsequent rewards are distributed among participants ranked up to 1,000th place, with specific BNB allocations for each tier. Token vouchers will be distributed by 2026-06-10 and must be redeemed within 21 days.The trading volume of zero-fee trading pairs and transaction fees are excluded from the final volume calculation. The leaderboard, updated daily, will display the total effective trading volume. Binance reserves the right to disqualify participants involved in dishonest activities or those who tamper with the program code. The tournament's commencement is contingent upon the successful listing of the relevant token on Binance Spot.

According to the announcement from Binance, the platform is set to introduce the Pharos Trading Competition on Binance Alpha, offering participants the chance to earn exclusive token rewards. The competition will be held in two promotion periods: the first from 2026-05-20 13:00 (UTC) to 2026-05-27 13:00 (UTC), and the second from 2026-05-27 13:00 (UTC) to 2026-06-03 13:00 (UTC). Participants will be ranked based on their total purchase volume of Pharos (PROS) tokens during these periods. The top 2,460 users will share a pool of 172,200 PROS tokens, with each receiving 70 PROS.The competition introduces an Early Bird Boost Multiplier to encourage early and consistent trading. This multiplier increases a user's base trading volume, with earlier trades receiving a higher multiplier. For example, trades made on the first day of each promotion period will have a 3x multiplier, while trades on the last day will have a 1.5x multiplier. Only trades executed via Binance Wallet (Keyless) or Binance Alpha will qualify, and only cumulative purchases will be counted. There are no volume caps, and token bridging transactions are not eligible.Rewards will be distributed in PROS tokens and will be claimable by eligible users before 2026-06-17 13:00:00 (UTC). Users must claim their rewards within 14 days of them becoming available, or they will be forfeited. The competition excludes third-party dApp transactions and focuses solely on trading within the Binance ecosystem. Participants are encouraged to update their Binance App and ensure they have a Binance Wallet (Keyless) to participate effectively.

HYPE has seen a significant short squeeze as traders betting on its decline faced rising prices, according to ChainCatcher. Santiment reported that funding rates on various platforms showed a notable negative surge, yet HYPE's price continued to climb, forcing bearish traders to cover their positions, further driving up the price. The total open interest for HYPE remains at a high level, exceeding $1.92 billion.
Despite expectations that liquidations would collapse open interest, HYPE remains one of the most popular assets in the crypto market, attracting new traders and maintaining high open interest levels.
The recent price surge is primarily driven by growing enthusiasm for Hyperliquid-related ETF products. In May 2026, companies like Bitwise and 21Shares launched ETFs linked to HYPE, providing traditional investors with exposure to the asset without needing a crypto wallet or decentralized exchange. Market analysts view these ETFs as a sign of Hyperliquid's transition from a niche DeFi platform to an institutionally recognized crypto ecosystem.

Tesla has expanded its Full Self-Driving (FSD) Supervised feature to 10 new markets, including China and South Korea. According to NS3.AI, the company announced the rollout on X, marking a significant step in its global expansion strategy. This move aims to enhance Tesla's presence in key international markets, offering advanced driving assistance features to a broader audience. The expansion reflects Tesla's commitment to advancing autonomous driving technology and increasing its market share in the automotive industry.