Mark Cuban said he sold most of his Bitcoin after deciding it failed as a hedge, and Bitcoin traded near $77,500 on Thursday. Cuban said the U.S.-Iran conflict broke his confidence because gold rose while Bitcoin did not.
Binance Launches SpaceX Pre-IPO Perpetuals as $2T IPO Bets Build
Binance launched a USDT-settled perpetual futures contract tied to SpaceX on May 21, as Polymarket priced more than a 70% chance of a final IPO valuation above $2 trillion. The contract is the first product in Binance's new Pre-IPO Perpetual Contracts category and is designed to track pre-listing valuation signals before shifting to live share performance after public trading starts. A SpaceX S-1 filed with the SEC this week disclosed Q1 revenue of $4.69 billion, a net loss of $4.28 billion, and holdings of 18,712 BTC.
Blockchain.com submitted a confidential Form S-1 to the SEC on May 21, taking the first formal step toward a US IPO. The company did not disclose the number of shares, the price range, or the expected timeline, and the offering remains subject to SEC review and market conditions. Blockchain.com joins a broader group of crypto firms that have completed, paused, or signaled plans for US public listings.
The CFTC and the NHL signed a memorandum of understanding on May 21 to share information on prediction market contracts tied to professional hockey games. CFTC Chairman Michael Selig said the deal is meant to help protect market participants from insider trading, fraud, and other abuses. The agency signed a similar MOU with MLB in March and Selig said it is seeking comparable agreements with other major leagues. The move comes as the CFTC pushes exclusive federal jurisdiction over prediction markets and sues six states over that position.
HYPE Sets Record Above $61 as Spot ETF Inflows Hit Daily High
HYPE rose to a record $61.35 on May 21 after US-listed spot HYPE ETFs took in a combined $25.5 million on May 20, their largest single-day inflow since launch. The Bitwise and 21Shares funds have gathered about $54 million in net inflows across seven trading days since launching earlier in May. Lookonchain also linked Grayscale wallets to more than 682,000 HYPE of purchases over the prior week.
Bitcoin's apparent demand fell to -3,138 BTC on May 21, its lowest reading since mid-January. Glassnode and CryptoQuant said spot demand, spot market activity, and U.S.-listed spot BTC ETF holdings all weakened as BTC traded near key support around its true market mean.
Analyst Sees Bitcoin Structural Weakness Below $78,000
Bitcoin fell below $78,000 as Naga Avan-Nomayo pointed to four straight trading days of spot ETF outflows and continued high leverage. Avan-Nomayo also said negative spot Cumulative Volume Delta persisted for nine trading days, although sidelined stablecoin liquidity could support a move back above $80,000.
Zoom Communications projected stronger-than-anticipated sales growth, suggesting that customers are adopting its expanded suite of office products https://www.bloomberg.com/news/articles/2026-05-21/zoom-sales-forecast-tops-estimates-after-product-expansion?taid=6a0f6d632da3fe0001e0ae04&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter
NHL Signs CFTC Data-Sharing MOU on Prediction Market Integrity
The NHL signed a memorandum of understanding with the CFTC to share information on hockey-related event contracts and support fair prediction markets. The deal follows a similar March agreement between the CFTC and MLB. The agreement comes as prediction market integrity faces closer scrutiny after insider trading concerns around military action markets.
BCA says the stock and bond markets 'are on a collision course.' And bonds may win https://www.cnbc.com/2026/05/21/bca-says-the-stock-and-bond-markets-are-on-a-collision-course-and-bonds-may-win.html?taid=6a0f6a8b5d59c2000185c476&utm_campaign=trueanthem&utm_content=main&utm_medium=social&utm_source=twitter
Rising fuel and bait costs are cutting into profits for fishermen globally, with Maine's lobster catch and summer prices uncertain. More here: https://reut.rs/4dy0olz
US-Iran Draft Peace Deal Rumors Add $500B to Stocks as Oil Falls, Bitcoin Rises
Reports of a near-final US-Iran draft added roughly $500 billion to US equities on May 21. WTI crude oil fell to $96.23, and Bitcoin (BTC) edged higher on ceasefire optimism. The leaked terms reportedly include an immediate ceasefire, freedom of navigation through the Strait of Hormuz, and gradual sanctions relief tied to compliance. Conflicting claims later said the talks remained deadlocked.
World Liberty Rebound Opens WLFI Exit Window as AI Financial Flags Survival Risk
World Liberty Financial burned 3 billion WLFI tokens, about $180.8 million at stated market value, while using USD1 exchange incentives to revive demand after WLFI fell to an all-time low. Santiment said dormant holders sold a net 1.8 billion WLFI for profit on May 18, which suggests the rebound reopened an exit window rather than fully repairing confidence. AI Financial's latest filing showed a $348.3 million unrealized WLFI loss and said there is substantial doubt about the company's ability to continue as a going concern within one year.
A Pakistani senator said talks between the U.S. and Iran are making progress and moving in the right direction. The senator said Pakistan is trying to bring all parties back to the negotiating table to narrow differences, reach an agreement, and end the war.
REAL Technologies and Factori AD executed a securities tokenization agreement tied to a committed pipeline above $100 million in client assets. The first transaction covers 5,000,000 warrants tied to Alpha Bulgaria AD, with notional value of about €13.75 million. Factori AD will handle onboarding, compliance, execution, and custody, while REAL will provide tokenization and settlement.