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Svmuu reports that analysts suggest the rising yields on U.S. Treasury bonds and other major global economies' sovereign bonds are weakening the market's willingness to allocate to high-risk, non-yielding assets like Bitcoin. Meanwhile, amid tensions related to Iran, concerns over potential supply disruptions in the Strait of Hormuz are growing, prompting some speculative capital to flow into commodity markets such as crude oil, copper, and sulfur.
Market数据显示，Bitcoin has dropped over 3% in the past 24 hours, falling approximately 10% from its recent high of around $82,500 on May 6. During this market downturn, U.S. spot Bitcoin ETFs continue to experience capital outflows. U.S.-listed spot Bitcoin ETFs saw net outflows of approximately $1.26 billion this week, marking the largest single-week capital outflow since January. The previous week also saw outflows close to $1 billion, with cumulative net outflows over the two weeks exceeding $2.26 billion.
Additionally, there are emerging views that capital might be shifting towards trades related to SpaceX's potential IPO. Currently, trading volume for some blockchain-based derivatives in the pre-IPO market for SpaceX has reached millions of dollars. (CoinDesk)

Svmuu reported that the Cangshan District People's Procuratorate of Fuzhou City disclosed that a man was sentenced to 12 years and 7 months in prison and fined 300,000 yuan for stealing 4 Bitcoins from another person and illegally profiting approximately 900,000 yuan. The verdict was upheld in the second instance.
According to the case details, at the end of 2020, a person surnamed Wang commissioned a person surnamed Lin to assist in liquidating his Bitcoin holdings. While accessing Wang's Bitcoin wallet hard drive and computer, Lin stole the wallet's "private key" and related data, transferred 4 Bitcoins to his own account, and subsequently sold them off for profit. In 2024, Wang discovered the asset anomaly and reported it to the police, leading to Lin's arrest.
The procuratorate stated that although current Chinese regulations clarify that virtual currencies do not hold legal tender status, Bitcoin possesses value, manageability, and transferability, which aligns with the general characteristics of "property" under criminal law. Therefore, it constitutes an object of property crimes, and related infringing actions will also be subject to criminal liability.

Svmuu reported that Josh, Vice President of Engineering and DeFi at prediction market Polymarket, stated on platform X that the security incident this time stemmed from the leakage of a 6-year-old private key. This private key was used for an internal top-up configuration, which is why some funds were sent to that address.
Josh added that the Polymarket team has now completed a private key rotation and revoked all production environment permissions. They plan to migrate all private keys to a Key Management Service (KMS) in the future, instead of continuing to store them using traditional methods. Furthermore, neither Polymarket nor its UMA contracts have been exploited, all user funds are secure, and the platform can be used normally.

Svmuu reported that crypto journalist Eleanor Terrett posted on platform X, stating that due to ongoing disagreements within the Republican party over the border security coordination bill, the US Senate failed to advance relevant agenda items before the Memorial Day recess. As a result, the crypto market structure bill, the CLARITY Act, will need to compete for Senate floor time again after Congress reconvenes in early June. The Senate's current schedule is already very tight, with housing legislation, the farm bill, and the FISA Act deadline on June 12 also needing to be addressed. Therefore, the crypto market structure legislation is likely to be postponed for consideration until July, thereby affecting the probability of its final passage before the August recess. It is reported that staff from the Senate Agriculture Committee and the Banking Committee have already begun coordinating and merging bill texts behind the scenes, and related technical drafting work will continue during the recess.

Svmuu News: SkyBridge Capital, founded by Anthony Scaramucci, saw its flagship fund, the SkyBridge Opportunity Fund, record its second consecutive quarterly loss, primarily dragged down by significant volatility in cryptocurrency-related assets. According to disclosed data, the fund, which manages approximately $1.3 billion in assets, fell 12.9% in the first quarter of 2026. Currently, about 64% of the fund's holdings are tied to cryptocurrencies and digital assets. Although it saw a modest rebound of 0.45% in March, it was not enough to offset the losses incurred earlier in the quarter. (Bloomberg)

Svmuu reports that amid a short-term decline in the crypto market, on-chain data monitoring shows that Brother Machi (Huang Licheng) encountered a partial liquidation on his 25x leveraged Ethereum long position. He currently holds 1,700 ETH in this position, valued at $3.445 million. The position is now showing an unrealized loss of $172,000, with a return on investment of -124.94%.

Svmuureported on May 23 that Tiger Brokers issued a statement clarifying that recent claims about the company "refusing to cooperate with regulators" or "confronting regulatory authorities" are completely inconsistent with the facts.
"We earnestly request everyone to refer to the complete information released by the regulatory authorities and our company's official channels, and avoid misunderstandings caused by one-sided dissemination. Thank you for your continued attention and support," Tiger Brokers stated. The company emphasized that it will strictly follow the guidance of the China Securities Regulatory Commission and relevant regulatory authorities in implementing rectifications, adhere to the development philosophy of "compliance first," strictly abide by applicable laws and regulations in all countries and regions where it operates, and carry out all business operations in a lawful and compliant manner. At present, the company's business operations remain stable across all regions. (stcn)

1. Morgan Stanley increased its Bitcoin holdings by 14, bringing its total to 3,486 BTC;
2. Bitdeer still maintains zero Bitcoin holdings, having sold 201.6 BTC this week;
3. Former Farcaster founder and Tempo team member Dan Romero: Tempo may achieve decentralization within 2 years, and the head of the Asian market is already in place;
4. Stripe officially released the MPP machine payment protocol, allowing AI Agents to autonomously complete payment setup and integration via prompts;
5. "1011 Insider Whale" agent Garrett Jin opened a short position of $34.47 million in ZEC, with HYPE holdings increasing to 68,560 tokens;
6. Michael Saylor: Strategy does not rule out selling some Bitcoin before the end of this year;
7. Customer traffic at the Domino's Pizza location near the Pentagon has surged;
8. a16z's suspected address withdrew over 110,000 HYPE tokens within 24 hours, with cumulative holdings of 5.93 million tokens, resulting in an unrealized profit of $86.72 million;
9. Analyst: ZEC approaches the key resistance range from November of last year, which may signal a turning point;
10. Bitmine has been included in the preliminary list for the 2026 Russell 3000 Index, with the final results to be confirmed at the end of June.

Svmuureported that Bitdeer, a Bitcoin mining company listed on Nasdaq, released its latest Bitcoin holdings data on the X platform. For the week ending May 22, its Bitcoin mining output was 201.6 BTC, but it sold 201.6 BTC during the same period, resulting in a net increase of 0 BTC. It currently maintains zero Bitcoin holdings.

Svmuu reported that recently, Liu Feng, former founder of ChainNews, and Dan Romero, former Farcaster founder and Tempo team member, engaged in a series of discussions on topics such as payments, cryptocurrency, and AI Agents. During the conversation, Dan Romero addressed some key questions raised by both Liu Feng and the public. The highlights are as follows:
1. The reason for the shift from idealistic socialfi products to public chains dominated by large enterprises: "The crypto landscape has changed. Now we have stablecoins and crypto (more native) as two distinct things." Tempo and Playbook's goal is: "Starting with payment services, collaborating with large, established companies to help them conduct on-chain payments and advance their own business development. Then, by integrating DeFi applications, we will launch yield-generating products that end users actually need."
2. "Tempo has no meme coins or anything similar, which is a good thing for a conservative bank. Tempo has other characteristics: compliance and privacy. This might not be as exciting for crypto natives, but it is very attractive to banks."
3. Regarding core use cases for payments: "Platform-based marketplaces and cross-border payments are two clear stablecoin use cases."
4. Micropayment-driven agent-to-agent payments are worth anticipating; stablecoin-based micropayments will usher in a new spring. Regarding payments between agents: "Traditional payment methods are too costly to use at scale. This level of granularity and speed can only be achieved through cryptocurrencies and streaming payments."
5. "I deeply respect Ethereum's adherence to cypherpunk principles regarding decentralization. I really like their new mission; it's good for the world. But the reality is that businesses don't care about these things; they care about whether it can solve real problems." "If Tempo can attract 1 million businesses and 1 billion consumers, it won't be a bad thing for either cryptocurrency or Ethereum."
6. Regarding Tempo's decentralization process: Hoping to achieve it within two years. "We are not a bunch of suit-wearing outsiders; we truly understand the space. We know how important decentralization is, but at the same time, we are very pragmatic. I guarantee that we will actually drive application adoption."
7. Regarding the Machine Payment Protocol (MPP) and the X402 protocol, AI Agents don't care about the differences between them. The key to satisfying them is the elimination of human intervention.
8. Tempo's Asian market lead is now in place and will be operating out of Singapore.