News

Thorchain Foundation has announced a recovery strategy after the protocol suffered a loss of approximately $10 million due to a vulnerability exploit. According to NS3.AI, the initial step involves utilizing Protocol Owned Liquidity to mitigate the losses. Any remaining deficit will be allocated among Synth holders, although the precise distribution ratio is still under adjustment.

XRP-linked investment products have pulled in approximately $42 million in net inflows over the past week even as Bitcoin ETFs shed more than $1.4 billion and Ether funds continued to lose assets — a divergence that is drawing analyst attention and raising the question of whether a meaningful rotation into XRP is underway or whether the inflows represent short-lived speculative positioning in a troubled broader market.
XRP was trading near $1.37 by midday Hong Kong time on Thursday, holding relatively steady while Bitcoin hovered around $77,400 and Ether remained under pressure.
XRP ETF flows: consistent and growing
CoinGlass data shows XRP-linked funds pulled in $8.88 million in the latest session, extending a streak of positive daily flows that includes $18.52 million on May 14 and $10.87 million on May 15. The consistency of the inflows across multiple sessions distinguishes this from a single-day anomaly — XRP products have now recorded positive flows on each of the past several trading days while the broader ETF market has been in sustained outflow mode.
The contrast with Bitcoin and Ether is stark. Bitcoin ETFs lost another $100.9 million in the latest daily session, following redemptions of $648.6 million, $331.1 million, and $290.4 million in the days prior — a cumulative outflow of more than $1.4 billion over the stretch. Ether products lost $32.6 million in the latest session, maintaining their own multi-day outflow trend.
The simultaneous outflow from the two largest crypto assets and inflow into XRP products points to selective appetite for alternative crypto exposure rather than a broad-based retreat from digital assets entirely.
On-chain signal: 4,300 new wallets in 24 hours
A second, though less definitive, signal came from on-chain data. XRP recorded the fourth-largest daily spike in new wallet creation this year, with approximately 4,300 new wallets added in 24 hours according to blockchain analytics firm Santiment. Fresh wallet creation paired with capital inflows can sometimes indicate new network participation rather than existing holders moving funds — a more constructive signal for the sustainability of a price move.
However, Santiment's broader chart warrants caution. XRP's network growth has generally trended lower since late 2025, making the one-day wallet spike look more like an isolated burst than clear evidence of a sustained adoption trend beginning to build. A single-day anomaly in wallet creation, without follow-through in subsequent sessions, is historically more consistent with speculative activity than with organic network growth.
The rotation question: real trend or short-lived positioning
The core question for XRP traders is whether the current flow data represents the early stages of a genuine rotation trade — capital deliberately shifting from Bitcoin and Ether into XRP as the CLARITY Act's progress improves the token's regulatory outlook — or whether it is a shorter-term bet on relative outperformance in a weak market.
The case for a genuine rotation rests on several factors. XRP has held up better than both Bitcoin and Ethereum during the recent selloff, falling approximately 5.1% over the past week against Ethereum's 7.4% decline. The CLARITY Act's advancement through the Senate Banking Committee provided XRP with a specific legislative catalyst. The XRP Ledger has crossed $3 billion in tokenized real-world assets. And cumulative spot XRP ETF inflows have now reached $1.35 billion, demonstrating sustained institutional interest that predates the current week's flows.
The case for caution is equally real. XRP's network growth trend remains weaker than late 2025 levels. The one-day wallet spike has not yet shown signs of continuation. And selective altcoin inflows during periods of Bitcoin weakness have historically been more likely to reverse quickly once Bitcoin stabilizes than to develop into sustained rotation trades.
Whether this week's $42 million in XRP ETF inflows marks the beginning of something larger or simply reflects tactical positioning while the broader market finds its footing will become clearer in the sessions ahead — particularly if Wednesday's FOMC minutes trigger a directional move in Bitcoin that either validates or reverses the current altcoin rotation narrative.

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce recently addressed the topic of tokenized NMS stocks on social media. According to Foresight News, Peirce expressed gratitude for the interest in on-chain trading of tokenized NMS stocks but disagreed with exaggerated descriptions. She emphasized that the exemption is expected to be limited, applying only to digital representations of actual underlying equity securities that investors can purchase in the secondary market, rather than synthetic assets.

SpaceX has announced that Chun Wang, co-founder of F2Pool, will serve as the commander for the Starship's inaugural interstellar manned mission. According to Odaily, this mission is planned to last two years, involving deep space travel beyond the Earth-Moon system, passing Mars, and returning to Earth.Prior to this, Chun Wang will join Dennis Tito and Akiko Tito on Starship's first commercial lunar flyby mission. This mission is expected to last a week, with the spacecraft passing approximately 200 kilometers from the lunar surface.SpaceX stated that since May 2020, the Dragon spacecraft has completed 20 missions, sending 78 astronauts from 20 countries into space. In the future, Starship aims to expand commercial manned spaceflight to the Moon and Mars.

Nvidia's stock recently reached a new all-time high above $236, pushing its market capitalization toward $5.7 trillion, according to BeInCrypto. This surge reflects renewed investor confidence ahead of earnings, driven by accelerating global AI demand, particularly from China. Major Chinese tech firms like Alibaba, Tencent, ByteDance, and JD.com are reportedly preparing to purchase Nvidia's H200 processors, pending regulatory approvals. Despite US export restrictions, Nvidia benefits from strong global AI infrastructure spending. Year-to-date, Nvidia's stock is up over 25%, significantly outperforming major indices.

Bitcoin mining company MARA Holdings has disclosed in its latest DEF14A compensation report that it has allocated $8.25 million for personal security expenses for its executives. According to Odaily, CEO Fred Thiel received $4.3 million for security-related costs, which included a one-time vehicle bulletproofing expense of $430,000 and home security installation costs of $58,000. CFO Salman Khan was allocated $3.946 million for personal security, including a one-time vehicle bulletproofing expense of $438,000.
The board of MARA Holdings stated that due to the company's public disclosure of holding significant Bitcoin assets, its executives face higher risks compared to other publicly listed companies. Therefore, these security measures are deemed commercially relevant and necessary.

SEC Chair Paul Atkins announced that sponsors have agreed to postpone several event contract ETFs related to prediction markets. This decision affects approximately two dozen proposals submitted since February. According to NS3.AI, Atkins emphasized that the SEC will seek public feedback instead of considering the delay as a rejection. Additionally, the CFTC and the NHL have signed a memorandum of understanding to facilitate confidential data sharing and integrity monitoring of hockey event contracts. These actions introduce parallel oversight as regulators scrutinize brokerage-wrapped prediction products and sports-linked contracts.

Solana's spot ETF experienced a net inflow of $3.86 million on May 21, according to Odaily. This inflow was solely attributed to the Fidelity Solana Fund ETF (FSOL), bringing its historical total net inflow to $182 million.
As of the latest update, the total net asset value of the Solana spot ETF stands at $997 million, with a net asset ratio of 1.97%. The cumulative historical net inflow has reached $1.125 billion.

The total crypto market cap reached $2.57 trillion on May 22, marking a 0.19% increase and adding $4.93 billion, according to BeInCrypto. This positions the market close to the $2.60 trillion decision zone, driven by NVIDIA's strong earnings and SpaceX's IPO filing revealing an 18,712 BTC treasury holding worth $1.29 billion. Bitcoin (BTC) trades at $77,699, up 0.20%, with a potential bullish crossover looming. NEAR Protocol (NEAR) surged 21% to $2.10, leading top-100 gainers, following the launch of its AI privacy feature.

Trump Media Technology Group reportedly acquired 11,542 BTC through stock and convertible bond sales in July and August of last year. According to BlockBeats On-chain Detection, the purchase was made at an average price of $118,529 per BTC. Earlier this year, the company sold 2,000 BTC at an average price of $87,380. Today, an additional 2,650 BTC, valued at $205 million, were transferred to a centralized exchange (CEX).Currently, Trump Media has incurred a loss of $455 million on its Bitcoin investment. The company still holds 6,889 BTC, valued at $533 million.

JPMorgan reports that tokenized money market funds represent only about 5% of the stablecoin market, primarily due to regulatory challenges. According to CoinDesk, these funds face a 'structural regulatory disadvantage' as they are classified as securities, which imposes restrictions on their circulation within the crypto ecosystem. Despite their yield-generating potential, tokenized funds are unlikely to exceed 10%-15% of the stablecoin market without regulatory changes. Stablecoins remain dominant in crypto trading and payments due to their seamless integration across exchanges and DeFi.

Prediction market platform Polymarket is seeking approval from the Japanese government to operate its business in Japan by 2030. According to Odaily, the company has appointed local representatives to engage in lobbying efforts.
Polymarket views Japan as a significant yet underdeveloped market. Due to Japan's strict gambling regulations, the platform currently restricts Japanese users from participating in prediction market transactions.
Under Japanese criminal law, habitual gambling can result in a maximum sentence of three years in prison, while operating a gambling business can lead to a five-year sentence. A Polymarket spokesperson noted that there is substantial natural interest from users in Japan and the broader Asian region, and the company is continuously evaluating opportunities to expand global market access in a compliant manner.

The global storage capacity is facing its most severe shortage in 15 years due to the increasing demand for AI inference, according to PANews. The surge in AI applications has significantly increased the need for data storage, leading to a strain on existing infrastructure. This shortage is impacting various industries as they struggle to meet the growing storage requirements driven by AI technologies.

Japan is anticipating the arrival of the Idemitsu Maru, a vessel transporting 2 million barrels of Saudi crude oil, as it nears docking after passing through the Strait of Hormuz. According to NS3.AI, Japan's Ministry of Economy, Trade and Industry reported in a Friday briefing document that the ship traversed the waterway in late April and is expected to dock as early as next Monday. The ongoing Middle East conflict has led to an unprecedented energy supply shock, prompting Japan to utilize its strategic reserves to mitigate the impact.

A data breach at Western Ortho has compromised the personal, financial, and medical information of 113,330 individuals. According to NS3.AI, the breach occurred when an unauthorized third party accessed and acquired network data between September 17th, 2025, and September 25th, 2025. The incident has raised concerns about data security and the protection of sensitive information.

Turkey's Financial Stability Committee has announced plans to implement measures aimed at ensuring a continuous decline in inflation. According to Jin10, the committee emphasized the importance of maintaining financial stability and addressing inflationary pressures to support the country's economic growth. The committee's statement highlights the ongoing efforts to manage inflation and stabilize the financial environment in Turkey.

Web3 venture capital firm Hash Global's founder, Shen Kang (KK), expressed on social media that the Web3 industry should not rely on hero figures or saviors. According to ChainCatcher, KK emphasized that Ethereum should maintain a high level of neutrality and decentralization, similar to Bitcoin, with minimal oversight. He argued that great and useful technology will naturally thrive without dependence on specific individuals or groups.
KK noted that Web3 entrepreneurs might be distracted by the industry's proximity to speculative activities, but they should focus on leveraging technological features to create new business models. He also mentioned that the departure of early participants is a normal part of the industry's evolution. Ultimately, Web3 is expected to integrate deeply with other technologies like AI, rather than exist independently.

SNDK saw a substantial increase of 10% in the previous trading session, maintaining its high position during the night. According to BlockBeats On-chain Detection, the SNDK contract on the Hyperliquid platform is currently priced at $1,540, with a daily trading volume reaching $101 million.
In this surge, the most profitable on-chain long position was held by address 0x7b5, which leveraged 10 times to go long on 2,050.7 SNDK contracts, resulting in an unrealized profit of $700,000. This address initially invested $246,000 in April, with an average entry price of $1,199, and has now achieved a 284% return on the principal.

Ark Invest has expanded its holdings by purchasing 139,117 Bullish shares valued at approximately $5 million across its ARKK, ARKW, and ARKF funds on Thursday. According to NS3.AI, this acquisition follows earlier purchases totaling $4.4 million made on Monday and Tuesday. Despite these investments, Bullish shares closed down 2.73% at $35.96 on Thursday.

Japan's Ministry of Economy, Trade and Industry announced that the first oil tanker to traverse the Strait of Hormuz since the outbreak of the Iran conflict is set to arrive soon. According to Odaily, the supertanker 'Idemitsu Maru,' which passed through the waterway at the end of April, is expected to dock as early as next Monday. The vessel is carrying 2 million barrels of Saudi crude oil and is en route to Idemitsu Kosan Co.'s Aichi refinery.
The Middle East conflict has caused an unprecedented energy supply shock, prompting major importers across Asia to seek alternative shipments of crude oil and natural gas globally. Like other developed nations, Japan has taken steps to utilize strategic reserves to mitigate the impact of the conflict.

Decentralized derivatives exchange edgeX will close its test incentive and bug bounty program at 8:00 on May 25, UTC+8. According to Foresight News, all valid submissions for fee refunds and bug bounty rewards will be distributed within 48 hours after the program concludes. Additionally, the official announcement indicates that the V2 official version is set to be released soon.

India's Ministry of Electronics and Information Technology (MeitY) has issued a blocking order against Polymarket and is preparing to block Kalshi. According to NS3.AI, intermediaries that do not comply with these orders could face penalties, including up to seven years in prison and fines. The orders are expected to be issued under Section 69A of the Information Technology Act, mandating Internet Service Providers (ISPs) to block access to these platforms. This action aligns with India's online gaming law, which came into effect on May 1, prohibiting real-money online games, related advertising, and financial transactions.

France's INSEE Business Confidence Index for May was reported at 94, matching both the forecast and the previous month's value, according to Jin10. This stability indicates consistent sentiment among businesses in France, reflecting no significant change in economic outlook compared to the prior period.

Hyperliquid has evolved from a crypto decentralized exchange (DEX) into a 24/7 trading platform, offering a wide range of assets. According to PANews, the platform recently enabled pricing for WTI crude oil 48 hours ahead of an Iranian airstrike. Traditional asset trading now accounts for 35% of its operations, with revenue approaching that of the CME Group.

THORChain has issued its fourth update regarding the Asgard vault intrusion, introducing ADR028, which initiates a voting process for node operators. According to NS3.AI, the proposal outlines that Protocol-Owned Liquidity will initially absorb the losses, with synthetic asset holders covering the remaining portion. The precise distribution of losses is still under assessment.

The Nikkei 225 index reached a record high on Friday, May 22, closing up 1,654.93 points. According to NS3.AI, the index rose by 2.68%, ending the day at 63,339.07.

NEAR Protocol is set to introduce a dynamic resharding feature, allowing the protocol to automatically increase the number of shards based on demand without manual intervention. According to Foresight News, this upgrade will enable automatic deterministic splitting of shards when a shard reaches a state size threshold, verified by state witnesses.
Currently, adding shards to NEAR requires a complete protocol upgrade, including validator coordination, voting, and phased deployment. The dynamic resharding feature will enhance NEAR's horizontal scalability and support the automatic expansion of sharded contract infrastructure like NEAR Intents as needed.
Additionally, network upgrade 2.13 will introduce post-quantum secure signatures, with the launch expected in June.

On May 22, Solana ecosystem's meme coin WORLDCUP experienced a notable increase, with its market capitalization reaching a peak of $12 million, according to BlockBeats On-chain Detection. It is currently valued at approximately $10.01 million, maintaining a 24-hour growth of 90%. The on-chain trading volume during the same period reached $8.2 million.
The narrative behind this meme coin is linked to the 2026 FIFA World Cup, which is set to commence on June 11, about 20 days from now. WORLDCUP serves as the primary token for its community, which has also launched meme coins for 48 participating national teams. Half of the transaction fees from these national team tokens are used to buy back the main WORLDCUP token.
Among the 48 national team meme coins, FRANCE currently holds the highest market value at approximately $450,000, with a daily increase of 11%. SPAIN and PORTUGAL follow in market value.
BlockBeats cautions users that meme coin trading is highly volatile, often driven by market sentiment and speculative concepts, lacking intrinsic value or practical use cases. Investors are advised to be aware of the risks involved.

THORChain has released its fourth update regarding the attack on May 15, with proposal ADR028 now available and node operator voting underway. According to ChainCatcher, the recovery plan involves initially absorbing losses through protocol-owned liquidity, with the remaining losses shared by synthetic asset holders. The exact distribution ratio is still under evaluation. Protocol-owned liquidity will be reduced to zero and gradually replenished through system revenue. The plan does not involve minting or selling RUNE, nor will it dilute any holders.
On the technical side, GG20 will be temporarily retained and has undergone a patch upgrade. Trading will resume once the vulnerability is fixed and node rotation is successfully completed, with future releases adopting a slower and more security-conscious pace. Innocent nodes in the same vault as the attacker will be protected, while the attacker's node will be fully penalized. Recovered RUNE will be paired with recovered assets, with any excess being destroyed.
The protocol has also offered a white-hat bounty to the attacker for fund recovery, with the recovery plan subject to proportional rollback if partial returns are made. THORChain remains neutral and permissionless, and will not censor the attacker's swap transactions once trading resumes. Node operators are currently voting on the proposal's direction, with numbers in the ADR being indicative and subject to adjustment through Mimir.

The AKASHA Foundation, a blockchain non-profit organization, has announced its dissolution. According to Foresight News, the foundation has conducted various experiments with decentralized technologies like Ethereum and IPFS over the past few years, supporting physical spaces and community activities globally. The AKASHA Hub in Barcelona, Urbe Hub in Rome, and Etherlaken in the Swiss Alps will continue to operate independently.
In terms of software projects, Ethereum TV will continue as an independent initiative. The project aims to integrate over 10,000 Ethereum-related presentations into a searchable archive, allowing users to follow speakers, subscribe to specific topics, explore learning paths, and access live content from major events. All content will be stored in a decentralized manner via Permavault. AKASHA's open-source code and research will remain publicly accessible, with communication channels gradually transitioning to Ethereum TV. The platform is expected to launch in the coming months.

SlowMist founder Cos emphasized the importance of Ethereum in maintaining the excitement within the cryptocurrency industry, while asserting that Bitcoin remains crucial for the sector's survival. According to NS3.AI, Cos highlighted the need for the industry to prioritize security measures to prevent users from being driven away by vulnerabilities.

Tiger Research has expressed concerns regarding the U.S. Securities and Exchange Commission's (SEC) decision to allow tokenized stock listings. According to NS3.AI, the research firm highlighted potential risks associated with this move, including the fragmentation of liquidity across various blockchain platforms. Ryan Yoon, a representative from Tiger Research, noted that diverting order flow from centralized venues might lead to price discrepancies, increased slippage, and reduced market efficiency. These factors could pose challenges to maintaining a stable and efficient market environment.

Hong Kong's storage concept stocks experienced a short-term surge, with semiconductor companies leading the gains. According to Jin10, Semiconductor Manufacturing International Corporation (SMIC) saw its shares rise over 11% at one point, while GigaDevice Semiconductor (HK) Co., Ltd. increased by more than 5%. This rally highlights the growing investor interest in the semiconductor sector within the Hong Kong stock market.

On May 22, according to Jin10, Li Chao, Deputy Director of the Policy Research Office at the National Development and Reform Commission, announced at a press conference that China has collaborated with relevant departments for six consecutive years to create a list of integrated circuit enterprises or projects and software companies eligible for tax incentives. Overall, these tax incentives have effectively reduced costs, promoted research and development, and stabilized expectations, significantly advancing the rapid development of industries such as integrated circuits, foundational software, industrial software, and artificial intelligence software.

Circle CEO Jeremy Allaire announced that Circle Wrapped Bitcoin (cirBTC) is set to launch soon. According to Foresight News, users can now obtain cirBTC for testing on the Arc and Ethereum testnets through a faucet.
Previously, Foresight News reported that Circle plans to introduce cirBTC, a tokenized Bitcoin product backed 1:1 by native BTC, specifically designed for the institutional market. The reserves of cirBTC can be independently verified in real-time on-chain, making it suitable for institutional scenarios such as OTC trading desks, market makers, and lending protocols. The product will initially be available on the Ethereum and Arc platforms, with future plans to expand to a multi-chain ecosystem and integrate seamlessly with Circle's USDC, Arc, and Circle Mint, offering a complete end-to-end service.

Swedish Central Bank Deputy Governor Hjelm has highlighted the significant risks of major supply disruptions in the future. According to Jin10, Hjelm stated that Sweden is well-prepared to face these challenges. In the event of a large-scale supply shock, monetary policy should be tightened significantly to ensure that those responsible for setting prices and wages do not lose confidence in the established inflation targets.

The UK's retail sales for April showed no growth year-on-year, according to recent data. According to Jin10, the seasonally adjusted retail sales were expected to rise by 1.30%, but the previous figure was revised from 1.70% to 1.4%.

The UK's seasonally adjusted core retail sales for April decreased by 0.4% month-on-month, according to Jin10. This figure was below the expected decline of 0.3%. The previous month's data was revised from an initial 0.2% increase to a 0.1% rise.

Germany's GDP growth for the first quarter has been revised to an annual rate of 0.4%, according to the final adjusted figures. According to Jin10, this figure surpasses the initial expectations and previous estimates, both of which were set at 0.3%. The revision indicates a slightly stronger economic performance than initially anticipated.