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According to Crowdfund Insider, digital bank Revolut announced that its trading division, Revolut Trading Ltd, has received an extension of permissions approved by the UK's Financial Conduct Authority (FCA) to launch more comprehensive investment and wealth management services in the UK market.Under the newly approved Variation of Permissions (VoP) license, Revolut can now manage investment portfolios for clients and participate in certain transactions as a principal. This means that the platform will be able to offer leveraged investment products, professionally managed portfolios, and customized wealth management services for high-net-worth users in the future, all of which will be integrated into its mobile application, alongside everyday banking and payment tools.It is reported that Revolut plans to further introduce AI-driven portfolio recommendation tools, continuing its transformation into a "one-stop financial platform." Earlier this year, Revolut officially obtained a full banking license in the UK. Analysts believe that the FCA's approval indicates an increase in its maturity as a regulated financial institution, while also reflecting that fintech companies are accelerating their competition with traditional banks and wealth management institutions.

According to The Block, the Myanmar military government has released a draft of the "Anti-Online Fraud Act," which proposes the death penalty for those who force others to engage in online fraud and life imprisonment for those who operate fraud centers or commit cryptocurrency fraud.The draft also proposes the establishment of a special committee responsible for international cooperation to combat fraud activities. The Myanmar parliament is expected to review the bill in early June.Previously, the U.S. Department of the Treasury had imposed sanctions on multiple entities suspected of cryptocurrency investment fraud in Myanmar and Cambodia in September 2025. FBI data shows that losses related to cryptocurrency fraud reached as high as $11.4 billion in 2025, accounting for more than half of all internet crime losses.

As market risk appetite rebounds, altcoins have recently outperformed Bitcoin overall, with the Hyperliquid ecosystem token HYPE leading the 24-hour gains. Data shows that funds are shifting from Bitcoin and Ethereum to high-volatility assets, driving up certain DeFi and trading platform-related tokens. Analysts point out that improved risk sentiment among traders and active derivatives markets are important reasons for the recent outperformance of altcoins against BTC.

According to Jin Shi reports, Carol Kong, a foreign exchange strategist at the Commonwealth Bank of Australia, stated that the inflation data released this week will not be welcomed by FOMC officials, including the incoming Federal Reserve Chairman Waller. The U.S. Senate has approved Waller to serve as the Federal Reserve Chairman. Kong expects that the FOMC will have to enter a rate hike cycle starting in December this year, with three rate increases expected during this cycle.

Gate released the private wealth management report for April 2026. The report indicates that the overall cryptocurrency market is showing a strong fluctuation due to the continuous inflow of ETF funds and expectations of interest rate cuts. In April, BTC and ETH rose approximately 11.9% and 7.3%, respectively. Among them, the net inflow of BTC ETF reached $2.44 billion in a single month, setting a new high in nearly six months, and the total management scale surpassed $100 billion for the first time, indicating a significant rebound in market risk appetite.In terms of product performance, the overall annualized return of Gate's private wealth USDT strategy is approximately 5.6%, continuing its steady performance. The "Interstellar Hedge (USDT)" has achieved a cumulative return of 18.2%, with all 22 cycles generating positive returns, achieving a win rate of 100%; the "Star Core Intelligent Investment (USDT)" has reached a maximum return rate of 9.5% in the past year; the "Gravitational Hedge (USDT)" has maintained a win rate of 100% for two consecutive years, with a maximum drawdown of only 0.01%, demonstrating outstanding risk control capability. Overall, the historical maximum drawdown of each strategy is generally controlled within 0.9%.Looking ahead, the report points out that the BTC RHODL ratio has risen to 4.5, the third highest level in history, while exchange reserves have fallen to a seven-year low, indicating an enhanced trend of long-term holding and continued supply contraction, with a generally optimistic outlook for the medium to long-term market.

JPMorgan analysts pointed out in their latest report that although the overall cryptocurrency market has recovered after the Iran conflict, Ethereum and other altcoins continue to underperform compared to Bitcoin. The analyst team led by Managing Director Nikolaos Panigirtzoglou stated that this trend, which began in 2023, "is unlikely to change unless we see meaningful improvements in network activity, DeFi, and real-world applications."The analysts noted that since the conflict triggered a market sell-off, Bitcoin's recovery in spot ETF fund flows and institutional futures positions has outperformed Ethereum. The spot Bitcoin ETF has recovered about two-thirds of the previous outflows, while the spot Ethereum ETF has only recovered about one-third. CME futures positions also indicate that institutional investors are rebuilding their Bitcoin exposure more aggressively than Ethereum.Regarding the upcoming Ethereum upgrades (Glamsterdam and Hegota), analysts questioned whether they would be sufficient to improve ETH's relative performance. Upgrades over the past three years have primarily reduced Layer 2 transaction costs, which has weakened the Ethereum network's fee generation and token burn mechanisms, leading to an accelerated net supply growth and weakened price support. Whether the new upgrades can generate enough new demand and network activity remains to be seen.For altcoins, analysts believe that since 2023, weak liquidity conditions, low market depth and breadth, limited growth in DeFi activity, and recurring hacking and security incidents have collectively eroded market confidence and hindered the deployment of new capital.

According to Protos, Myanmar has proposed introducing the death penalty for criminals who use violent means to coerce victims into participating in cryptocurrency scam centers. According to the draft of the country's Anti-Cyber Fraud Bill, criminals who use violence, torture, illegal arrest and detention, or cruel treatment against others to force them to commit cyber fraud will be sentenced to death.The bill will be submitted to parliament for review in June. In addition, operators of scam centers or perpetrators of cryptocurrency scams will face life imprisonment. Last month, the President of Myanmar reduced all death sentences to life imprisonment.

According to The Block, JPMorgan analysts have stated that despite the overall recovery of the cryptocurrency market following the Iran conflict, Ethereum and altcoins continue to underperform Bitcoin. The analysts believe that unless there is a substantial improvement in network activity, DeFi, and real-world applications, this trend that began in 2023 is unlikely to change.The analysts pointed out that the spot Bitcoin ETF has recovered about two-thirds of the previously withdrawn funds, while the spot Ethereum ETF has only recovered about one-third. CME futures positions indicate that institutions are rebuilding their Bitcoin exposure more aggressively than Ethereum, with Bitcoin futures positions nearly fully restored, while Ethereum futures positions remain below previous levels.The analysts also questioned whether the upcoming Ethereum upgrade could effectively boost network activity. They noted that upgrades over the past three years have primarily reduced Layer 2 transaction costs, leading to lower Ethereum network fees, a weakened token burn mechanism, and accelerated net supply growth, which has undermined ETH's price support.Regarding altcoins, the analysts pointed out that poor liquidity, insufficient market depth, limited growth in DeFi activity, and repeated hacking incidents have eroded confidence and hindered the allocation of new capital.

JPMorgan analysts stated that despite the overall recovery of the cryptocurrency market after the Iran conflict, Ethereum and other altcoins continue to underperform Bitcoin. This trend, which has formed since 2023, may be difficult to reverse in the short term unless there is a significant improvement in network activity, DeFi, and real-world applications.The report pointed out that, based on spot ETF fund flows and institutional futures positions, the recovery of Bitcoin is stronger than that of Ethereum. The spot Bitcoin ETF has recovered about two-thirds of the previous outflows, while the spot Ethereum ETF has only recovered about one-third. At the same time, CME futures data shows that institutional investors are more actively rebuilding their exposure to Bitcoin, with Bitcoin futures positions nearly fully restored, while Ethereum futures positions remain below previous levels.JPMorgan believes that the relative weakness of ETH and altcoins against Bitcoin may continue due to the lack of stronger on-chain fundamentals and real-world application support.

10x Research released a report stating that the momentum of altcoins is fading in the early stages, while Bitcoin still dominates, and trading volume has declined again. The upward momentum of altcoins is hindered by the 30-day moving average, failing to break through; if it falls below this moving average, long positions should be closed.The report indicates that the best current positions are BNB (Grayscale ETF application, Coinbase roadmap, etc.) and TRX (Tron actively repurchasing treasury assets, Moscow Exchange launching the MOEXTRX index). Potential profit-taking may occur in: SUI (up 21% this week, CME futures launching on May 29, $143 million treasury staking), ONDO (up 18.4%, collaborating with JPMorgan and Ripple for the first tokenized treasury redemption, part of the infrastructure being built), TON (down 14%, due to security controversies and trust concerns triggered by the deletion of a well-known Telegram account). Avoid ETH, HYPE, TRUMP, MKR. HYPE dropped 9.9% after the ETF launch, a typical case of "buy the expectation, sell the fact."The report also lists three major catalysts for this week: the hearing on the "Clarity Act," Powell's power transition to Waller, and CPI/PPI data.

According to Catcher Predict monitoring, in the "New York Yankees vs. Baltimore Orioles" event on the prediction market Polymarket, the win probability for the "Baltimore Orioles" option in the sub-market "Spread -2.5" has experienced significant fluctuations, soaring from 24% an hour ago to the current 88% (a fluctuation of 64%). Please note the impact of relevant breaking news.

CryptoQuant analyst Darkfost stated that despite the challenges posed by the US-Iran conflict and inflationary pressures on the market, there have been recent signs of recovery in the altcoin market. He pointed out that after experiencing an overall correction of over 50%, the altcoin sector is gradually regaining activity. This round of adjustment is influenced not only by the BTC correction but also by the dilution of market tokens. Currently, there are approximately 51 million altcoins in the market, with 46% deployed on Solana, 36% on Base, and 10% from the BSC chain.He noted that the overall performance of altcoins listed on Binance has returned to levels seen since September 2025. Currently, about 21% of altcoins listed on Binance have regained their position above the 200-day moving average, while only 2% of tokens maintained above this key technical level in February of this year.Darkfost believes this indicates that market interest in altcoins is gradually rising, which is an important signal for investors looking to allocate to altcoins. However, he also emphasized that it is still too early to determine if the "altcoin season" has begun, as market liquidity remains limited.

James Comer, the chairman of the U.S. House Oversight Committee and a Republican lawmaker, has written to OpenAI CEO Sam Altman, requesting information regarding potential conflicts of interest related to personal investments and OpenAI. The investigation focuses on Altman's extensive personal investment network. Since Altman does not hold equity in OpenAI, his estimated net worth of approximately $3.5 billion primarily comes from his personal investment portfolio, which includes companies like Helion, Stripe, and Reddit.According to a previous report by The Wall Street Journal, Altman had pushed for OpenAI to invest $500 million in the fusion company Helion, while Altman himself has invested at least $375 million in the company. Comer stated that this has raised concerns about whether Altman is using OpenAI to enhance the valuation of his personally held companies. Additionally, attorneys general from states such as Florida, Montana, Nebraska, Iowa, West Virginia, and Louisiana have also written to SEC Chairman Paul Atkins, requesting an investigation into whether Altman has engaged in "self-dealing" and serious conflicts of interest.Meanwhile, Altman is set to testify in court on Tuesday and Wednesday in the case where Musk is suing OpenAI. Musk accuses Altman and OpenAI co-founders of violating the original "non-profit" commitment by shifting OpenAI to a profit-making operation. Although the conflict of interest investigation and Musk's lawsuit are independent events, Altman's personal investment issues have been raised multiple times during the trial. OpenAI board chairman Bret Taylor defended Altman in court, stating that he has been "open and transparent" regarding personal investment matters.

According to Jinshi News, Sarah Hammoud, a foreign exchange strategist at the Commonwealth Bank of Australia, stated that the risk is that U.S. core inflation may be higher than the market consensus due to the spillover effects of energy prices on other prices such as airfare and food. If U.S. core inflation is higher than expected, it will push up U.S. yields and the dollar exchange rate. The market generally expects that the CPI data will reinforce expectations that the Federal Reserve will maintain interest rates unchanged in the short term, and traders have ruled out the possibility of rate cuts this year.

According to monitoring by Catcher Predict, in the predicted market event "New York Yankees vs. Baltimore Orioles" on Polymarket, the "New York Yankees" option in the sub-market "New York Yankees vs. Baltimore Orioles" experienced a drastic fluctuation in winning probability, plummeting from 79% an hour ago to the current 10.5% (a fluctuation of 68.5%). Please note the impact of relevant breaking news.

According to Bitcoin.com, Strategy Executive Chairman Michael Saylor recently published an article explaining the low volatility positioning of STRC as a Bitcoin-related investment tool.STRC is Strategy's perpetual preferred stock, with an annual dividend yield of 11.5%, paid in cash monthly, and the dividend rate is adjusted monthly to encourage trading close to the $100 par value and reduce price volatility. Saylor stated that STRC is a credit product designed for income, stability, liquidity, and principal protection, backed by the company's Bitcoin and USD assets, with a preferred stock structure that is more scalable and durable than debt.Strategy proposed to change the STRC dividend payment frequency from once a month to twice a month (on the 15th and at the end of the month), with the total annual dividend remaining unchanged, aimed at stabilizing the price, suppressing cyclicality, and enhancing liquidity. Saylor used a metaphor to distinguish the three: STRC is a passenger plane, BTC is a fighter jet, and MSTR is a rocket ship. Strategy currently holds 818,334 Bitcoins, accounting for about 3.9% of the total supply of 21 million. STRC has reached a scale of $8.5 billion within nine months.

According to Fortune, OpenAI CEO Sam Altman shared his views at the Sequoia Capital AI Summit, noting significant generational differences in how users of different ages utilize ChatGPT. He stated that older users tend to use ChatGPT as a substitute for Google Search, while those in their twenties and thirties use it as a life advisor, and college students use it as a deeply integrated daily operating system.In the U.S., over one-third of young people aged 18 to 24 frequently use ChatGPT, leveraging its conversational memory feature for emotional advice, workplace negotiations, medical consultations, and even major life decisions. Sequoia Capital made its first investment in OpenAI in 2021, when the company was valued at $140 billion; after significant private equity financing, its current valuation has reached $852 billion.

According to on-chain analyst @ai_9684xtpa, an account that shorted a basket of altcoins has achieved a total profit of 86.36 million dollars, with current unrealized losses of 4.06 million dollars on 29 short positions; the shorting includes 28 altcoins such as ZEC, TON, NEAR, LIT, and CL crude oil, with a total position value of 47.66 million dollars, and is still continuing to increase its position.

Bitget launches VIP exclusive ETH wealth management, aimed at VIP users participating in CC PoolX from May 6, 18:00 to May 10, 18:00 (UTC+8). During the event, relevant users can go to the "Easy Coin Earning" section to purchase ETH, enjoying a maximum of 5% APR. The participation period is from May 10, 18:00 to May 15, 18:00 (UTC+8).At the same time, Bitget will allocate a total of 100 NVDAON rewards to VIP users who meet specific trading thresholds based on the deposit time, amount, and holding duration of ETH. For more details, please refer to the Bitget official platform.