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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 Fortune, OpenAI is considering legal action against Apple due to dissatisfaction with the use and commercialization of ChatGPT after its integration into Siri. They believe that the collaboration has not effectively driven user conversion to ChatGPT's paid subscription, which may involve a breach of contractual expectations.Reports indicate that the two parties initially reached an agreement about two years ago, with Apple enhancing Siri's ability to handle complex questions by integrating ChatGPT, while OpenAI expanded user reach through Apple's ecosystem. However, OpenAI has expressed "disappointment" with the current presentation and traffic-driving effect of ChatGPT within Siri.It is reported that OpenAI's legal team has collaborated with external law firms to evaluate various response options, including potential litigation. Meanwhile, the relationship has become strained, and Apple is exploring further collaboration possibilities with OpenAI's competitors.Analysts believe that the core of the dispute lies in the commercial ownership and traffic distribution issues after AI capabilities are embedded in the platform, specifically whether "functionality is embedded but does not lead to subscription conversion" constitutes a substantial breach of commercial terms. Currently, neither party has publicly responded to the litigation matters.

According to WIRED, Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), stated that the agency is using artificial intelligence technology to investigate insider trading in prediction markets such as Polymarket.In the past year, several traders on Polymarket have been suspected of using insider information to bet on geopolitical events such as the Venezuela raid and the Iran war, resulting in significant profits and drawing widespread attention.Previously, a U.S. Special Forces soldier was arrested for allegedly profiting from betting on the Maduro arrest using classified intelligence on Polymarket, becoming the first criminal case of insider trading in a prediction market in the United States.

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.

The founder of the AI agency platform Bankr, deployer, tweeted that he has raised about $100,000 to provide free LLM inference services for Bankr ecosystem projects. Projects currently being built in the Bankr ecosystem will soon be able to access free inference credits. However, before officially starting the distribution, the team will first launch a new feature that "the entire industry will love," with specific details to be announced later.

According to Bits.media, the Moscow Exchange is in discussions with brokers to launch a cryptocurrency trading mode. Experts expect that cryptocurrency trading in Russia will be similar to other exchange tools, but trading hours will be extended to 24/7. Currently, the Moscow Exchange is considering whether to adopt a 24/7 model, but the final decision depends on how the clearing operations will work.In addition, the Moscow Exchange is testing the deposit and withdrawal functions for cryptocurrencies and has invited some brokers to participate in the testing. In the future, users will not be able to register cryptocurrency wallets directly on the exchange but will need to operate through brokers' digital custody accounts. The Moscow Exchange's press office stated that the platform "is actively developing solutions to serve the cryptocurrency market."

According to Jinshi reports, Federal Reserve's Williams stated that considering inflation remains above target, background factors are crucial.

The White House is considering issuing 250 presidential pardons on the occasion of the 250th anniversary of the founding of the country, currently weighing the announcement of the plan on June 14 or July 4. Several defendants in the cryptocurrency field are seeking executive clemency, including Sam Bankman-Fried and Roger Ver. The U.S. president has issued over 1,600 pardons and commutations during his second term. Previously, Ross Ulbricht, the founder of BitMEX, and Changpeng Zhao, the founder of Binance, have been pardoned. The White House has stated that there are currently no plans to pardon Sam Bankman-Fried.

According to CoinDesk, Bitcoin treasury company Strive announced that its perpetual preferred stock SATA will pay cash dividends on each trading day starting from June 16, becoming the first listed security in the history of the U.S. capital markets to achieve daily dividend payments.Strive CEO Matthew Cole described this move as "an innovation from zero to one." The annualized dividend yield of SATA is 13%, and after converting to daily payments, the effective annualized yield increases to approximately 13.88%. Currently, Strive has zero debt and holds 15,009 bitcoins, ranking ninth in global listed companies' bitcoin reserves.

According to Axios, the Bitcoin custody platform Onramp has completed a $12.5 million Series A funding round, bringing the company's valuation to $135 million. Early Riders led the round, with participation from its private clients and external angel investors.Onramp focuses on helping large Bitcoin holders diversify their assets across multiple institutions, allowing users to avoid reliance on a single custodian and not having to manage private keys themselves.

According to CoinDesk, Moody's has awarded the highest rating of AAA-mf to the tokenized money market funds of Fidelity and BlackRock, marking that the products of both institutions meet the highest standards in credit quality, liquidity, and capital preservation.Fidelity's FILQ fund was launched on May 6, built on Sygnum's Desygnate tokenization platform, supporting on-chain real-time cash settlement, and introducing infrastructure support from JPMorgan, Apex Group, and Chainlink; BlackRock's BUIDL fund is set to launch in March 2024 and currently accounts for about 15% of the tokenized government bond market.

According to Cointelegraph, CryptoQuant pointed out in a report that Bitcoin faces a risk of correction after reaching the 200-day moving average of $82,400. The agency stated that the 200-day moving average was a major resistance level during the 2022 bear market, and Bitcoin resumed its downward trend after hitting that level in March of that year.The report noted that traders' unrealized profit margin reached 17.7% on May 5, the highest level since June of last year, indicating potential selling pressure from profit-taking. Last week, daily realized profits surged to the highest level since early December, with traders cashing out 14,600 Bitcoins (worth nearly $1.2 billion) on May 4. CryptoQuant stated that such a peak magnitude often signals a local price top during a bear market rebound.If Bitcoin declines, the current support level is around $70,000, which is the average price of all Bitcoin's last trades and has historically been a key resistance turning into support during bear markets.

On May 13, BNB Chain announced the launch of an on-chain autonomous agent framework, enabling autonomous agents to obtain decentralized identities through the ERC-8004 standard, conduct peer-to-peer payments, delegate tasks to other agents via ERC-8183, and accumulate verifiable on-chain reputation on 8004scan. The entire system operates fully on-chain, with transactions being transparent and auditable, supporting hierarchical agency relationships.The framework integrates various skill modules, including native BNB Chain smart contract execution, querying on-chain data through natural language, Nodereal's MegaNode API infrastructure (providing access to over 25 blockchain networks), and meme token management capabilities provided by fourdotmemezh Agent Skills. Additionally, the BNB Chain Knowledge Base Model Context Protocol (MCP) allows agents to query blockchain documents and receive instant answers, extending agent functionalities to applications such as DeFi and asset management.

According to The Block, Anchorage Digital, a federally chartered crypto bank in the United States, has reached a partnership with Grupo Salinas, controlled by Mexican billionaire Ricardo Salinas Pliego, to provide a USD stablecoin payment rail to optimize cross-border USD settlements.Grupo Salinas will integrate Anchorage's stablecoin infrastructure into its cross-border payment processes through its crypto business Coinpro, aiming to shorten settlement cycles and introduce programmable, real-time settlement capabilities.Grupo Salinas also controls Banco Azteca, and Salinas himself has long supported Bitcoin. Anchorage Digital CEO Nathan McCauley stated that stablecoins are evolving from trading tools into core financial infrastructure. Previously, Western Union also announced that it would launch a USD stablecoin issued by Anchorage Digital on Solana.

Digital asset infrastructure company BitGo Holdings (NYSE: BTGO) recently released its first quarterly report since going public. In the first quarter of 2026, the company reported total revenue of $3.77 billion, a year-on-year increase of 112.6%, mainly driven by the expansion of its digital asset business and growth in stablecoin-as-a-service revenue.However, GAAP net loss widened from $25.7 million in the same period last year to $60.7 million, due to a non-cash market value adjustment of approximately $53.7 million on Bitcoin holdings and increased equity incentive expenses related to the IPO. Adjusted EBITDA recorded a loss of $1.7 million, compared to a profit of $3.9 million in the same period last year.During the quarter, BitGo launched its derivatives business in January, generating approximately $3 billion in nominal trading volume. Since derivatives revenue is recognized on a net basis while spot trading is recognized on a gross basis, revenue decreased by 38.7% quarter-on-quarter. The number of customers increased by 42% year-on-year to 5,569. As of the end of the quarter, the company held 2,449 Bitcoins and $186.6 million in cash.

Fidelity expressed its position on platform X, stating that it appreciates the Senate Banking Committee's advancement of the CLARITY Act. Fidelity stated that the act provides a balanced regulatory approach, and if passed, it will offer legal clarity for the digital asset market, benefiting U.S. investors and helping to ensure America's leadership in the global digital asset space.

According to Jinshi reports, Federal Reserve official Kashkari stated that he has some confidence that inflation will fall to 2% before the Iran conflict.