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5/27
01:08
Svmuu, According to an official announcement, Bitget's stock contracts have now listed 8 underlyings including RGTI (Rigetti Computing), QBTS (D-Wave Quantum), QUBT (Quantum Computing Inc.), and ARQQ (Arqit Quantum), covering popular US stock sectors such as quantum computing, advanced aviation, and cybersecurity. These contracts support up to 20x leverage. For more details, please refer to the official Bitget platform.
01:02
According to an official announcement, OKX will list IRYS/USDT (Irys) spot trading.
The deposit window for IRYS will open at 13:00 (UTC+8) on May 27; the pre-order period for IRYS/USDT will be from 17:00 to 18:00 (UTC+8) on May 27; spot trading will commence at 18:00 (UTC+8) on May 27; and the withdrawal window for IRYS will open at 20:00 (UTC+8) on May 27.
00:56
Svmuu An unknown trader sold approximately $1.3 billion worth of BlackRock’s spot Bitcoin ETF (IBIT) on a dark pool on Tuesday, sparking market attention.
Data shows the trader sold 29.2 million shares of IBIT at $43.16 per share around 14:30 UTC. Consequently, Bitcoin’s price dropped from $77,875 to $76,720 within 10 minutes, a decline of about 1.5%, before further dipping to around $75,600.
Alex Thorn, Head of Research at Galaxy Digital, stated this is the largest IBIT dark pool trade he has ever seen. Bloomberg ETF analyst Eric Balchunas noted that the trade size was 22 times larger than the second-largest IBIT sell order of the day.
Additionally, U.S. spot Bitcoin ETFs have experienced net outflows for eight consecutive trading days. On Tuesday alone, net outflows totaled approximately $333.6 million, with IBIT seeing outflows of about $192.4 million. Since May 14, cumulative net outflows from Bitcoin ETFs have exceeded $2 billion. Reports indicate that Jane Street reduced its Bitcoin ETF holdings by about 70% in the first quarter, while Goldman Sachs also trimmed its positions by approximately 10%. (Cointelegraph)
00:35
Svmuu reported that Kairos Research posted on X platform, stating that the HYPE spot ETF has absorbed 1.04% of the HYPE circulating market cap within its first 10 trading days, marking the strongest debut among all spot crypto ETFs to date. A comparative analysis of the same period shows that among the cohort of new issuers (excluding net outflows from legacy trust products like GBTC and ETHE), BTC spot ETFs accounted for 0.59%, ETH for 0.41%, and SOL for 0.31%.
HYPE Spot ETF Absorbs 1.04% of Market Cap in 10 Trading Days, Strongest Debut in Crypto ETF History
00:22
According to Gate data, SK Hynix's stock price expanded its gains to 14%.
00:14
Svmuu News, according to SoSoValue data, yesterday (May 26, Eastern Time) the Ethereum spot ETF saw a total net outflow of $35.0383 million.
The Ethereum spot ETF with the largest single-day net outflow was the Fidelity ETF FETH, with a net outflow of $17.0126 million. Currently, FETH’s total historical net inflow stands at $2.159 billion.
This was followed by the Grayscale Ethereum Mini Trust ETF ETH, with a single-day net outflow of $8.2638 million. Currently, ETH’s total historical net inflow stands at $1.909 billion.
As of press time, the total net asset value of Ethereum spot ETFs is $11.789 billion, with the ETF net asset ratio (market cap as a percentage of Ethereum's total market cap) reaching 4.7%. The historical cumulative net inflow has reached $11.581 billion.
Ethereum spot ETFs saw a total net outflow of $35.0383 million yesterday, marking 11 consecutive days of net outflows
00:13
Svmuu News According to SoSoValue data, yesterday (May 26, Eastern Time) Bitcoin spot ETFs saw a total net outflow of $334 million.
The Bitcoin spot ETF with the largest single-day net outflow yesterday was Blackrock's ETF IBIT, with a single-day net outflow of $192 million. IBIT's total historical net inflow currently stands at $64.581 billion.
This was followed by Fidelity's ETF FBTC, with a single-day net outflow of $57.7364 million. FBTC's total historical net inflow currently stands at $10.706 billion.
As of press time, the total net asset value of Bitcoin spot ETFs is $98.397 billion, the ETF net asset ratio (market cap relative to Bitcoin's total market cap) has reached 6.45%, and the total historical cumulative net inflow has reached $56.750 billion.
Bitcoin spot ETFs saw a total net outflow of $334 million yesterday, marking a 7-day consecutive net outflow streak
5/26
23:51
Svmuureports: In response to Bankless founder David Hoffman's liquidation of his ETH holdings, Uniswap founder Hayden Adams posted a reply on platform X, stating that “ETH is Money” is the correct narrative, though perhaps misunderstood by most.
Hayden Adams indicated that in the future, all assets will be tokenized, people will hold the assets they value most, and the most decentralized monetary system will manifest as “an infinite number of forms of money competing with each other.”
He believes that with a low-cost, high-efficiency, 24/7 asset exchange system in place, a single unit of account is not necessary. At the same time, he stated that Uniswap, built on Ethereum, is “the best decentralized monetary system,” and that it is still in its early stages.
Recommended reading: Bankless Co-founder's Confession on Liquidating ETH: Ethereum Did the Right Things, but “ETH is Money” Has No Future.
23:32
Svmuu reports, according to an official announcement, Bitget has launched the IPO pre-market perpetual contract OPENAI/USDT, supporting up to 20x leverage. For more details, please refer to Bitget's official platform.
23:06
Svmuu reports, according to Onchain Lens monitoring, Bitmine has staked an additional 5,760 ETH, worth approximately $11.9 million.
Data shows that Bitmine has now staked a total of 4.7187 million ETH, worth approximately $9.76 billion.
22:58
Svmuu reported that BIT Official released a chart analysis stating that the crypto market has already begun pricing in the SpaceX IPO ahead of time.
The chart shows that SpaceX plans to IPO on June 12 with a valuation of approximately $1.74 trillion, nearly 40% higher than its latest internal valuation of $1.25 trillion. Currently, Hyperliquid and Binance have successively launched SpaceX-related perpetual contracts, with the implied valuation corresponding to the relevant market price standing at approximately $2.41 trillion.
Markus Thielen believes this indicates the market is betting that SpaceX will complete its IPO at a higher valuation or deliver a strong performance after listing. Meanwhile, he pointed out that the launch of such contract products also reflects the deepening integration of the crypto market with traditional finance, as crypto trading platforms gradually expand their trading exposure to stocks and popular primary market themes.
22:57
According to Svmuu, Variant Chief Legal Officer Jake Chervinsky posted on X, stating: “The CLARITY Act doesn’t have much of a window left to advance. On the surface, things look calm now, but that’s only because a lot of work is happening behind the scenes — various parties are pushing to finalize a version of the bill that can formally enter the congressional voting process and secure support from at least 7 Democratic senators. However, that’s easier said than done. The next few weeks will be a decisive and critical period.”
22:46
Svmuureports that, according to an official announcement, Bitget will support the preSPAX token split and adopt preSPCX as the new token code. The split ratio is 1:5, meaning every 1 preSPAX token can be split into 5 preSPCX tokens.
Per the schedule, Bitget will temporarily remove the preSPAX/USDT spot trading pair at 14:00 (UTC+8) on May 28, and simultaneously suspend related unified account spot trading, spot strategy bots, and flash exchange functions. After the token split is completed, the preSPCX/USDT trading pair and flash exchange function will open at 17:00 (UTC+8) on the same day. For more details, please refer to Bitget's official platform.
22:44
Svmuu News: Former Ethereum core developer Eric Connor replied on X to Bankless founder David Hoffman's post about liquidating ETH, stating: "I understand David. After all, ETH has indeed severely underperformed relative to the entire crypto market for years... As I mentioned before, I myself have also significantly reduced my ETH holdings over the past 1-2 years. In terms of results, all the assets I rotated into have vastly outperformed ETH. Frankly, I don't even think ETH's weak performance is necessarily related to some 'fundamental flaw'. I feel many people overlook this: ETH's early rally was simply too explosive. In such a short period, it created an enormous number of millionaires, and the market needs a very long time to absorb the continuous selling pressure from this group of people. Ultimately, in portfolio management, practicing 'maximalism' on a single asset is quite foolish. The market doesn't lie; there's no need to trade against it."
22:43
Svmuu, Bitmine Chairman Tom Lee stated that he remains optimistic about the crypto market entering a new supercycle, believing Ethereum will be a core beneficiary asset.
Tom Lee pointed out that the two main driving forces of this cycle are asset tokenization promoted by Wall Street and the rapid development of AI Agents, adding that "the crypto market and Ethereum will usher in a supercycle."
Furthermore, Tom Lee believes that Ethereum's previous significant correction actually presents an attractive buying opportunity. Currently, over 39.2 million ETH have been staked in the Ethereum ecosystem, accounting for approximately 32% of the total supply. According to market sources, Bitmine accumulated a total of 111,942 ETH last week, and its ETH holdings represent approximately 4.47% of the total supply of 120.7 million ETH. (Cointelegraph)
22:37
Svmuu reports that the State Council Information Office held a series of themed press conferences on "Making a Good Start for the 15th Five-Year Plan," providing updates on the progress of "Comprehensively Advancing the Rule of Law."
Liu Guixiang, a full-time committee member at the vice-ministerial level of the Adjudication Committee of the Supreme People's Court and a second-grade grand justice, stated that the Supreme People's Court will conduct in-depth research on adjudication rules for new types of cases such as virtual currency and cross-border finance. It will also expedite the formulation of judicial interpretations regarding civil compensation for insider trading and market manipulation to ensure the stable operation of the capital market and safeguard the legitimate rights and interests of small and medium-sized investors.
Furthermore, he also stated that in response to new formats in the digital economy, the Supreme People's Court will research and formulate normative documents on judicial protection involving artificial intelligence cases and data property rights. It will also improve the adjudication rules concerning data ownership, data transactions, and AI-generated content.
22:33
Svmuu reported that Ki Young Ju, founder of CryptoQuant, posted on X platform, stating that crypto ETFs within the traditional financial system are showing strong performance, while stocks on crypto trading platforms are underperforming.
He further pointed out that if native crypto users stop purchasing crypto assets, "then who else will buy them?"
22:29
According to monitoring by the Svmuu Seer Channel, in the Polymarket "NHL Western Conference Finals: Vegas Golden Knights vs. Colorado Avalanche" prediction event, a smart money address (0xb6d6e99d3bfe055874a04279f659f009fd57be17) that has profited over $970,000 has purchased $790,000 on the Vegas Golden Knights defeating the Colorado Avalanche, at an average entry price of 70.4¢, with an unrealized loss of $9,781.
In the NHL Western Conference Finals, the Golden Knights currently hold a 3-0 series lead. In Game 3 on May 24th, the Golden Knights completed a 5-3 comeback after trailing by three goals. Mark Stone, returning from injury, sparked the team's rally, and Tomas Hertl scored the go-ahead goal. The Avalanche, meanwhile, continue to be plagued by injuries. Cale Makar returned to play through injury after missing the first two games with an upper-body injury, while Nathan MacKinnon also sustained a lower-body injury late in Game 3. Goaltending duties are currently being handled by Mackenzie Blackwood.
The Svmuu Seer Channel continues to monitor the prediction markets, observing the shifts before the pricing is set.
22:20
Svmuu News, May 27th, according to SoSoValue data, the crypto market is trending downward amid overall volatility. The AI sector stood out, rising 3.41% in 24 hours. Within the sector, Worldcoin (WLD) gained 12.03%, Unibase (UB) rose 11.52%, and Fetch.ai (FET) increased 9.62%. Additionally, Bitcoin (BTC) fell 1.03%, dropping below $76,000; Ethereum (ETH) declined 0.85%, falling below $2,100.
Other standout sectors include: the DePIN sector, which rose 2.75% in 24 hours, with Aethir (ATH) gaining 12.30%; the Meme sector increased by 0.98%, with Siren (SIREN) up 7.25%; the DeFi sector rose 0.58%, with dYdX (DYDX) up 11.30%; and the CeFi sector edged up 0.17%, with OKB (OKB) climbing 7.39%.
In other sectors, the Layer 2 sector declined 0.15%, though Arbitrum (ARB) gained 2.62%; the Layer 1 sector fell 0.34%, with Cosmos Hub (ATOM) up 5.25%; and the PayFi sector dropped 0.49%, with Safe (SAFE) decreasing 4.95%.
Reflecting historical sector performance, the crypto sector indices show that the ssiSocialFi, ssiGameFi, and ssiLayer 2 indices rose by 3.78%, 1.34%, and 0.49%, respectively.
The crypto market trends downward amid volatility, AI sector surges over 3%, BTC falls below $76,000
22:19
Svmuu reported that Bankless founder David Hoffman posted on X to explain his reasons for liquidating all his ETH holdings.
Hoffman wrote: "I am still extremely bullish on the Ethereum network and the entire ecosystem -- Ethereum's architecture is fundamentally designed to maximize the success probability of its applications, L2s, and ecosystem. The 'fat-app' theory implies that applications on Ethereum can capture the vast majority of fee revenue; while the 'rollup-centric' roadmap means that L2s can achieve profit margins as high as 97%. However, for the asset ETH itself, I find it increasingly difficult to see it being structurally rerated by the market -- either upwards or downwards. So, I am selling ETH not because I am bearish on ETH, but because I believe the narrative 'ETH is Money' has essentially played out. I want to allocate my capital to other opportunities I see in the market."

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