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The latest disclosed SEC documents show that as of March 31, 2026, Avenir Group holds 18,276,100 shares of BlackRock's IBIT Bitcoin Spot ETF, with a position market value of approximately $702 million based on the quarter-end closing price, a slight decrease of about 0.061% compared to the fourth quarter of 2025. Since the second quarter of 2024, Avenir Group has maintained its position as the largest institutional holder of Bitcoin ETFs in Asia for eight consecutive quarters.Since 2026, Avenir Group has been continuously promoting the integration of TradFi and Crypto, including strategic investments in CoinRoutes, leading a $20 million seed round for Inference Research, and signing a cooperation MOU with Tiger Brokers, AMINA Bank, and CoinRoutes during Consensus Hong Kong 2026 to advance the construction of next-generation institutional trading infrastructure.

The U.S. Senate Banking Committee recently advanced the Digital Asset Market CLARITY Act with a bipartisan vote of 15 to 9, marking a step forward in the regulatory framework for the U.S. crypto market. Research institution HashKey Group pointed out that if the bill is enacted, it will significantly enhance compliance certainty for institutional investors participating in the crypto market and strengthen the core position of the U.S. dollar stablecoin in the global digital financial system.Analysts believe that a clearer U.S. regulatory framework will encourage banks, asset management institutions, and sovereign funds to more widely adopt compliant stablecoins for cross-border payments, settlements, and fund management, especially with more evident demand in the Asian market. However, at the same time, the U.S. restrictions on "yield-bearing stablecoins" may create structural spillover effects. HashKey researcher Tim Sun stated that if the U.S. strictly limits the stablecoin yield mechanisms, capital may flow to the Asian market or indirectly seek higher yields through "wrapped products."The report noted that the Asian market (such as Hong Kong and Singapore) features active cross-border trade, frequent capital flows, and local currencies that are more susceptible to external shocks. In an environment of high U.S. dollar financing costs, U.S. dollar stablecoins will become an important liquidity tool. However, the analysis also emphasized that this competition is not a zero-sum game. As the CLARITY Act progresses, the global competitive focus may shift from "trading platforms and token issuance" to "stablecoin liquidity channels and control over financial infrastructure," meaning who can more efficiently connect U.S. dollar liquidity, regional assets, and compliant financial channels.

Coinbase has announced that it has become the official treasury deployer of USDC on Hyperliquid, using it as an aligned quote asset. As part of the transition, Native Markets has reached an agreement granting Coinbase the right to purchase USDH branded assets. The USDH market will gradually close, during which users can still exchange USDH for USDC or fiat currency without fees. Currently, the scale of USDC on Hyperliquid is approximately $5 billion, a year-on-year increase of 2 times. This integration aims to strengthen USDC's position as the preferred stablecoin in on-chain capital markets, further unify global markets, and enhance capital efficiency.

Solana treasury company DeFi Development Corp reported that despite an expanded loss in the first quarter, the per-share holding of SOL increased from 0.0322 to 0.0670 over the past year, a growth of 108%. As of May 13, the company holds approximately 2.2946 million SOL and equivalents.CEO Joseph Onorati stated that the company achieved growth through strategies such as internal staking, operating joint validation nodes in collaboration with Bonk, and deploying over 25% of the treasury on-chain, and believes that the strategy is a starting point rather than a ceiling. The company reported a revenue of $2.66 million in the first quarter, a year-on-year increase of 827%; the net loss was $83.4 million, compared to $778,000 in the same period last year, mainly impacted by the decline in SOL prices.

According to Coinglass data, the Coinbase Bitcoin premium index has been in negative premium for 8 consecutive days, currently reported at -0.032%, indicating that purchasing power in the U.S. market has once again fallen into a slump.Previously, it had been in positive premium for 19 consecutive days. The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase and the global market average price. A negative premium typically reflects significant selling pressure in the U.S. market, a decline in investor risk appetite, increased market risk aversion, or capital outflows.

According to the latest 13F filing, Wall Street quantitative trading giant Jane Street significantly reduced its holdings in multiple Bitcoin-related assets in the first quarter of 2026, while increasing its positions in Ethereum ETFs and some crypto stocks. Among them, Jane Street's holdings in BlackRock's IBIT shares decreased by about 71% to 5.9 million shares, valued at approximately $225 million; Fidelity's FBTC holdings were reduced by about 60% to about 2 million shares, valued at approximately $115 million. In addition, its Strategy holdings also fell from about 968,000 shares in the fourth quarter of 2025 to about 210,000 shares, with the value dropping from about $146 million to about $27 million, while it also reduced its holdings in Bitcoin mining stocks such as IREN, Cipher Mining, TeraWulf, and Core Scientific.On the other hand, Jane Street significantly increased its holdings in Ethereum ETFs, with BlackRock's ETHA and Fidelity's ETH funds adding approximately $82 million in new positions. At the same time, its holdings in Riot Platforms, Coinbase, and Galaxy Digital all increased, with Galaxy Digital's holdings rising sharply from about 17,000 shares to about 1.5 million shares.

Quantitative giant Jane Street disclosed in its latest 13F filing submitted to the SEC that it significantly reduced its exposure to Bitcoin ETFs in the first quarter of 2026, with its holdings in IBIT decreasing by approximately 71% to 5,872,212 shares, equivalent to about $225.6 million. The holdings in FBTC decreased by about 60% to 1,954,174 shares, equivalent to about $115 million.In addition, its holdings in MSTR also decreased by approximately 78% to 209,833 shares, equivalent to about $26.18 million.

According to Jinshi reports, UBS Global Wealth Management expects the Federal Reserve to cut interest rates by 25 basis points in December 2026 and March 2027, whereas the previous forecast was for rate cuts in September and December of this year.

According to Lookonchain monitoring, a mysterious whale associated with Erik Voorhees has bought ETH again, spending 1.12 million USDC to purchase 494 ETH. This whale currently holds 127,716 ETH (290 million USD).

According to Jinshi reports, Federal Reserve's Goolsbee stated that the job market is basically stable and inflation is rising.

Wells Fargo's latest submitted 13F filing shows that it increased its holdings in several Ethereum spot ETFs in the first quarter of 2026, including BlackRock ETHA and Bitwise ETHW. Among them, the ETHA holdings increased from approximately 672,600 shares in the fourth quarter of 2025 to about 1.1 million shares, an increase of about 63.5%; the ETHW holdings rose from about 186,800 shares to approximately 257,000 shares, an increase of about 37%. As of the end of the first quarter, the total value of the ETH ETFs held by Wells Fargo was approximately $21.5 million.In contrast, its Bitcoin ETF holdings showed divergence: IBIT holdings slightly decreased, while BITB and Grayscale Bitcoin Mini Trust ETF holdings increased by approximately 24% and 41%, respectively. Currently, IBIT remains its largest crypto ETF holding, with a scale of about $250 million. Additionally, Wells Fargo significantly adjusted its positions in crypto-related stocks, reducing its holdings in Galaxy Digital by about 97%, while increasing its holdings in Strategy from approximately 322,700 shares to 726,000 shares, an increase of about 125%.

According to monitoring by Hyperinsight, ZEC has fallen from its peak to around $550. The "largest short seller of ZEC" continued to stop-loss and reduce their ZEC short position in the afternoon, with a cumulative closing scale exceeding $5 million. This address previously had a ZEC short position of $12.6 million, and after the reduction, the remaining position is about $8.02 million, with a current floating loss of about $1.17 million.This short position was opened on March 10 at an average price of about $210, coinciding with a recent local low. At one point, the floating loss reached as high as $2.4 million, enduring several months of holding and averaging down until ZEC experienced a phase correction.The margin released from reducing ZEC was quickly redirected by this address to short BTC and ETH: a BTC short position was opened shorting 160 coins with 20x leverage, briefly pushing the scale up to $13 million, with an average price of $80,441; an ETH short position was opened shorting 1,866 coins with 15x leverage, with a scale of $4.27 million, at an average price of $2,286. As of the time of writing, both short positions are still being increased.

According to SoSoValue data, as of 8 AM Eastern Time on May 11, 2026, the total net purchase of Bitcoin by publicly listed companies worldwide (excluding mining companies) for the week was $45.08 million, a decrease of 83.5% compared to two weeks ago.Strategy (formerly MicroStrategy) announced an investment of $43 million (a decrease of 83.1% compared to two weeks ago) to purchase 535 Bitcoins at a price of $80,340, bringing its total holdings to 818,869 Bitcoins.The Japanese listed company Metaplanet did not purchase any Bitcoin last week.In addition, four other companies purchased Bitcoin last week. Cryptocurrency exchange Coinbase announced on May 7 that it had increased its holdings by 1,103 Bitcoins, with the specific expenditure not disclosed, bringing its total holdings to 16,949 Bitcoins; fintech company Block announced on May 7 that it had increased its holdings by 149 Bitcoins, with the specific purchase amount not disclosed, bringing its total holdings to 9,032 Bitcoins; Bitcoin company American Bitcoin announced on May 6 that it had purchased approximately 1,600 Bitcoins, with the specific amount not disclosed, bringing its total holdings to approximately 7,021 Bitcoins; and the UK Bitcoin company The Smarter Web Company announced on May 5 that it had invested $2.08 million to purchase 27 Bitcoins at a price of $77,087, bringing its total holdings to 2,805 Bitcoins.Capital B announced the completion of a €15.2 million financing round, with participants including global institutional investors and strategic investors Adam Back and TOBAM, aimed at accelerating Bitcoin purchases.As of the time of publication, the total amount of Bitcoin held by the publicly listed companies included in the statistics (excluding mining companies) is 1,088,090 Bitcoins, an increase of 0.3% compared to two weeks ago, with a current market value of approximately $88.32 billion, accounting for 5.4% of Bitcoin's circulating market value.

According to Jinshi reports, Bank of America Global Research expects the Federal Reserve to cut interest rates by 25 basis points in July and September 2027, with previous predictions being rate cuts in September and October 2026.

According to Jinshi reports, Citic Securities' research report states that in April 2026, the number of new non-farm jobs in the United States exceeded expectations, and the unemployment rate of 4.3% met expectations. The bank believes that the April data better reflects the current state of the U.S. job market compared to the previous two months, mainly due to a reduction in one-time factors and a higher corporate response rate. Regarding the Federal Reserve's monetary policy, if the situation in Iran eases and falling oil prices lead to a cooling of inflation expectations, the baseline scenario for the second half of the year is a rate cut of 25 basis points once.

According to Politico, Coinbase, Kraken, and Gemini proposed to lawmakers earlier this year to remove a provision in the digital asset bill that requires cryptocurrency trading platforms to only list "non-manipulable" digital assets. The three exchanges are concerned that this would make it more difficult to list small-cap tokens.This amendment occurred after the Senate Agriculture Committee voted to advance the bill in January. The CFTC has long required exchanges to "self-certify" that the product contracts they list are not easily manipulable, but cryptocurrency companies believe this standard does not apply to the spot crypto market. The three exchanges stated that they have been working with Congress for years to push for comprehensive federal regulation of the digital asset market. Coinbase's Federal Policy Director Robin Cook stated that they hope to ensure consumers are protected by standards suitable for spot trading.

Bitwise announced the launch of its first tokenized crypto basis fund, Bitwise Crypto Carry Fund (USCC), which is also the first tokenized fund under Bitwise.Bitwise stated that all future funds will be tokenized, and this fund provides market-neutral returns through crypto basis trading, with underlying technical support continued by Superstate. The fund is currently open only to accredited investors.

According to BBX data, yesterday Wall Street institutions made a significant breakthrough in retail crypto layout, and today the dual verification point of the earnings season is approaching. The core dynamics are as follows:Morgan Stanley (NYSE: $MS) disclosed via Bloomberg on May 6 that its ETrade platform officially launched a pilot for crypto spot trading, with a fee structure of 50 basis points per transaction amount, lower than Coinbase (retail rates vary by tier and payment method, potentially exceeding 50 basis points), Robinhood (approximately 100 basis points, according to media estimates), and Charles Schwab (75 basis points); initially supporting three major assets: BTC, ETH, and SOL, with liquidity, custody, and settlement services provided by Zerohash; the pilot is currently aimed at a select group of users, with plans to open to all 8.6 million ETrade customers by the end of 2026. Head of Wealth Management Jed Finn characterized this move as "reverse disruption of disruptors," and Morgan Stanley is simultaneously advancing its application for a national trust bank license to achieve self-custody, with plans to launch Ethereum and Solana spot ETFs.Coinbase Global, Inc. (NASDAQ: $COIN) will release its Q1 2026 earnings report after the market closes today (May 7), with the earnings call scheduled for 2:30 PM (PT); analyst consensus expects Q1 revenue of approximately $1.5 billion (a year-on-year decrease of about -26%), and EPS of about $0.23---$0.36 (a significant decline from $1.94 in the same period last year); the relative resilience of subscription and service revenue (including stablecoins, custody, and staking) will be the core metric of most interest today.Block, Inc. (NYSE: $XYZ) will release its Q1 2026 earnings report after the market closes today (May 7), with an earnings call at 2:00 PM (PT); analyst consensus expects revenue of approximately $6.04 billion to $6.11 billion (a year-on-year increase of +5.79%), and EPS of $0.68 (an increase of about 21% from approximately $0.56 in the same period last year); consensus for Bitcoin ecosystem revenue is expected to be about $2.11 billion (down from $2.30 billion in the same period last year); Evercore ISI maintains an "Outperform" rating with a target price of $96 (implying about 35% upside from the current stock price of $70.92), focusing on the recovery progress of the fundamentals of the two major business lines, Square and Cash App.

According to Onchain Lens monitoring, the whale "bc1qz" has withdrawn 283 BTC (22.94 million USD) from Binance again. The wallet currently holds 1283 BTC (104.37 million USD).