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The HyperEVM native non-custodial lending protocol HypurrFi announced that it will gradually cease brand operations and transfer the lending market infrastructure based on Euler on HyperEVM to Euler for maintenance and operation.HypurrFi stated that all markets currently remain solvent and operational, with no security vulnerabilities or attacks on the protocol. User deposits, collateral, and positions are all safe and intact. Clearstar Labs will continue to serve as the risk curator for the Prime, Yield, and Earn vaults.The announcement stated that the HypurrFi Pooled market will enter an orderly shutdown phase over the next few weeks to months, with new lending currently suspended and lending limits gradually reduced to encourage user repayment migration. The USDXL interest rate has been raised to 30% to incentivize borrowers to repay their debts early. In addition, HypurrFi has launched a migration tool to help users transfer their positions to the Euler Prime and Yield markets. It stated that future Hyperliquid support will gradually be integrated into the official Euler UI.HypurrFi emphasized that this adjustment is a proactive operational decision, not a security incident or emergency. The Legacy and Pooled markets are expected to complete closure and liquidation by July 15, 2026.

According to Cointelegraph, multiple analysts have pointed out that Ethereum faces downside risks, with ETH potentially dropping another 20% to the $1,700 range. The increase in holdings on trading platforms and the decline in ETF demand are the main sources of pressure.CryptoQuant analyst BorisD noted that from May 5 to May 9, the ETH reserves on Binance surged from 3.36 million to 3.84 million, while the price dropped 7% from $2,390 to $2,260 during the same period. He stated, "This indicates that liquidity is being absorbed and distributed simultaneously. The overall structure still points to dominant downside risks."Another analyst, PelinayPA, shares the same view, believing that any short-term rebound will "be accompanied by high volatility, followed by a continuation of a broader downward trend," and added, "A large amount of ETH continues to flow into trading platforms, creating significant resistance to price increases." The net inflow of ETH to trading platforms surged to 585,000, marking the largest single-day inflow since December 2025—at that time, the ETH price was around $3,000, which subsequently dropped to $1,750 in February this year, a decline of 42%. Such large-scale inflows typically indicate that large holders are offloading.Meanwhile, the demand for spot Ethereum ETFs continues to weaken, recording net outflows for four consecutive days, with a total outflow amounting to $190 million. From a technical perspective, the ETH daily chart shows that the ascending wedge pattern has broken below the support level of $2,280. If the daily closing price confirms a break below, the target will point to the wedge measurement target of $1,725, a 22% drop from the current price, aligning with the macro low on February 6 of this year.Analyst ShangoTrades stated that this breakdown "is starting to become concerning." From a longer-term perspective, analyst CryptoBullGod pointed out that the measurement target for the ETH weekly bear flag pattern is $1,280.

According to HyperInsight monitoring, Huang Licheng has reduced his Ethereum long position, currently only 9 dollars away from the liquidation price, with losses exceeding 2.7 million dollars in the past month. He currently holds:A long position in ETH worth 8.91 million dollars, with an opening price of 2,314.57 dollars, and an expected liquidation price of 2,220.22 dollars;A long position in BTC worth 7.93 million dollars, with an opening price of 80,864.5 dollars, and an expected liquidation price of 78,748 dollars.

According to Jinshi reports, major European stock indices continued to decline, with the German DAX30 index and the Italian FTSE MIB index falling more than 2%, the UK FTSE 100 index and the Euro Stoxx 50 index dropping nearly 2%, and the French CAC40 index down 1.6%.

The BNB ecosystem decentralized finance platform Eleutheria announced the completion of a $5 million strategic round of financing, with participation from Alpha Capital, and valuation information has not yet been disclosed.The new funds will support its development of on-chain financial services through trustless code-driven DeFi and immutable smart contracts.

Cryptocurrency market maker and liquidity provider B2C2 has obtained a crypto asset service provider (CASP) license issued by the Luxembourg Financial Supervisory Authority (CSSF), officially incorporating it into the EU's Markets in Crypto-Assets Regulation (MiCA) framework.With this license, B2C2 can provide over-the-counter spot trading services across the 27 EU member states and some European Economic Area countries through the MiCA "passporting mechanism," achieving unified compliance for cross-border digital asset liquidity access. The company stated that this approval makes it one of the first global OTC liquidity providers authorized under the MiCA framework, having previously completed VASP registration in Luxembourg in 2024.B2C2 CEO Thomas Restout stated that obtaining MiCA authorization reflects the company's long-term commitment to compliance and governance, and will further enhance its service capabilities in the institutional crypto market. As the MiCA transition period approaches (expected to end in July 2026), more and more crypto companies are accelerating their compliance efforts in the EU, including Coinbase and Kraken, which are also advancing their licensing systems in different jurisdictions in Europe.

According to Jinshi News, European stocks opened lower, with the German DAX30 index falling 1.03% at the opening, the Euro Stoxx 50 index down 1.04%, the French CAC40 index down 0.98%, and the UK FTSE 100 index down 0.79%.

According to SoSoValue data, yesterday (Eastern Time May 14), the total net outflow of Ethereum spot ETFs was $5.6511 million. The Ethereum spot ETF with the highest net inflow yesterday was Fidelity ETF FETH, with a net inflow of $6.8763 million, and the historical total net inflow of FETH has reached $2.208 billion. The second was VanEck ETF ETHV, with a net inflow of $3.3667 million, and the historical total net inflow of ETHV has reached $167 million. The Ethereum spot ETF with the highest net outflow yesterday was Blackrock ETF ETHA, with a net outflow of $13.2125 million, and the historical total net inflow of ETHA has reached $11.863 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $13.453 billion, and the ETF net asset ratio (the market value as a percentage of Ethereum's total market value) is 4.85%, with a historical cumulative net inflow of $11.897 billion.

According to official news, Gate Europe CEO Giovanni Cunti attended the Digital Assets Forum 2026 held in Malta on May 14 and participated in a roundtable discussion titled "Do We Need a MiCA 2.0? The Industry's Perspective," alongside OKX CEO Erald Ghoos, Crypto.com Executive Vice President Mariana Kushev, and Blockchain.com Non-Executive Director and European Policy Advisor Giles Swan. They discussed the regulatory practices, industry opportunities, and future development directions of the European crypto industry following the implementation of MiCA.Giovanni shared the phased achievements of Gate Europe in advancing the compliance process in Europe, as well as the challenges and opportunities the industry faces under the MiCA framework. He stated that Gate will continue to be at the forefront of compliant crypto asset service providers in Europe and actively promote the standardized development of the industry.As an important forum focusing on European digital asset regulation and industry trends, the Digital Assets Forum 2026 gathered regulators, industry executives, and practitioners to review the key progress made in the 18 months since the implementation of MiCA. Currently, Gate's Malta company, Gate Europe, has obtained European MiCA and PI licenses under the supervision of the Malta Financial Services Authority (MFSA). As the European digital asset regulatory framework matures, Gate is deepening its compliance layout in the European market and enhancing its influence in the global digital asset industry through active participation in industry dialogue and regulatory practices.

According to HyperInsight monitoring, "Brother Ma Ji" Huang Licheng has reduced his Ethereum long position, with losses exceeding 2.33 million USD in the past month. He currently holds:A long position in ETH worth 22.6 million USD, with an opening price of 2,314.57 USD, and an expected liquidation price of 2,244 USD;A long position in BTC worth 8.1 million USD, with an opening price of 80,864.5 USD, and an expected liquidation price of 78,610.6 USD.

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 Gate market data, the euro against the US dollar (EUR/USD) fell to 1.1652, reaching its lowest level since April 9.

According to The Block, Sharplink CEO Joseph Chalom stated that the New York Stock Exchange and Nasdaq are advancing 24/7 trading, and the U.S. Depository Trust & Clearing Corporation is promoting tokenized collateral, along with Bullish's acquisition of Equiniti, indicating that the public equity on-chain process may be faster than the market expects.Meanwhile, several Ethereum reserve companies have significantly retreated from their summer 2025 highs, with a noticeable contraction in the market value to net asset value ratio. Chalom mentioned that some companies are under pressure due to prematurely issuing preferred stock or convertible bonds; Sharplink focuses more on equity financing and staking yields while trying to keep the balance sheet simple.He also stated that over the past year and a half, Bitcoin and Ethereum have behaved more like risk assets, but as stablecoins, tokenized assets, DeFi, and AI applications expand on Ethereum, Ethereum may further differentiate from Bitcoin in the long term.

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.

According to Onchain Lens monitoring, BlackRock deposited 3,581 bitcoins into Coinbase, worth $284.62 million, and 9,876 ethers, worth $22.29 million.

According to SoSoValue data, yesterday (Eastern Time May 13), the total net outflow of Ethereum spot ETFs was $36.3007 million.The Ethereum spot ETF with the highest single-day net outflow yesterday was the Blackrock ETF ETHA, with a single-day net outflow of $21.1014 million. Currently, ETHA has a historical total net inflow of $11.876 billion.Next was the Fidelity ETF FETH, with a single-day net outflow of $14.0396 million. Currently, FETH has a historical total net inflow of $2.202 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $13.186 billion, and the ETF net asset ratio (market value as a percentage of Ethereum's total market value) is 4.83%. The historical cumulative net inflow has reached $11.903 billion.

In the early morning of May 14 (UTC+8), in the final of the 2026 Coppa Italia, Inter Milan ultimately defeated Lazio with a score of 2:0, successfully lifting the championship trophy. As the official sleeve sponsor of Inter Milan Football Club, Gate was deeply involved in this peak event. During the final, Gate Europe CEO Giovanni Cunti was invited to attend the sponsor partner luncheon hosted by the club and watched the match from the box, witnessing the team's moment of glory alongside Inter Milan legends Esteban Cambiasso, Fabio Galante, and Francesco Toldo. This victory not only marks another important milestone in the deepening strategic cooperation between Gate and Inter Milan but also injects strong brand momentum into Gate's internationalization process.In addition, with Inter Milan winning the championship again this season, Gate will hold the "Gate x Inter XIII: Champion's Circle" offline reception in Milan on May 21. During the event, guests will visit Inter Milan's headquarters and engage in interactive exchanges with Inter legend Fabio Galante and executives. Leveraging the global attention of top international sporting events, Gate is continuously deepening the integration of Web3 with mainstream culture and strengthening its brand recognition and influence in the European and global markets.

According to Token Terminal data, as of May 13, the total market capitalization of euro stablecoins on-chain reached a historic high of $774.2 million. Ethereum dominates the euro stablecoin ecosystem, accounting for 66.2% of all tokenized euro stablecoins.The growth in the adoption of euro stablecoins reflects the increasing demand in the EU market for blockchain-based fiat currency alternatives, with multiple issuers and public chains competing for market share.