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According to Coinglass data, the total contract open interest for BTC has decreased by 5.26% in the past 24 hours, with the current total open interest at 58.659 billion USD. Among them, Binance's open interest is 10.739 billion USD, OKX's open interest is 3.377 billion USD, Bybit's open interest is 4.912 billion USD, and Gate's open interest is 4.553 billion USD.

According to Decrypt, the price of Bitcoin remains around $80,350, with a short-term increase of only 0.8%, continuing to face pressure after multiple attempts to break through the $82,000 resistance level failed. This range is seen as a combined resistance level of the ETF cost line, the 200-day moving average, and the CME gap filling area. Although the U.S. CLARITY Act has passed the Senate Banking Committee, bringing positive expectations for crypto regulation, institutional funds continue to withdraw.Data shows that the net outflow of the U.S. spot Bitcoin ETF has decreased to an average of -$88 million per day over the past seven days, marking the largest outflow since mid-February. Analysts believe that this round of selling pressure is more about "profit-taking" rather than panic selling. On a macro level, rising U.S. Treasury yields have become a core source of pressure. The yield on the U.S. 10-year Treasury bond has risen to about 4.52%, reaching a 10-month high, while the April CPI has increased by 3.8% year-on-year, the highest level in three years, further delaying market expectations for a Federal Reserve interest rate cut.Analysts point out that geopolitical conflicts are driving up energy prices, exacerbating inflationary pressures, thereby weakening the appeal of risk assets. From an institutional perspective, some analysts believe that the current outflow of ETF funds is part of portfolio rebalancing rather than a trend-based withdrawal.The options market shows that Bitcoin faces significant resistance in the $82,000-$84,000 range, while $77,000 is a key support level. If the price falls below this range and leverage does not cool down, the market may enter a deleveraging phase, increasing the risk of a correction.

According to Businesswire, Nasdaq-listed company Datavault AI announced its business update for the first quarter of 2026, revealing that the company has signed over $800 million in tokenized contracts, with approximately $100 million in fees expected to be recognized in 2026, achieving about $75 million in new contract scale for the first quarter, further validating institutional demand for RWA (real-world asset) tokenization platforms.In terms of assets and financing, the company has strengthened its balance sheet through a $60 million private placement and an additional $120 million in non-dilutive financing, while advancing the expansion of the SanQtum AI infrastructure platform across the United States, and plans to expand its quantum-secure GPU edge network by the end of 2026, deploying approximately 48,000 GPUs.

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%.

According to official news, Kraken announced that its Kraken Pro will increase the maximum leverage for Bitcoin and Ethereum perpetual contracts from 50 times to 100 times, applicable to the PF_XBTUSD and PF_ETHUSD USD cash-settled perpetual contracts, with products continuing to support 24/7 trading.According to the announcement, 100 times leverage is currently available to international users in eligible regions without the need to migrate accounts or apply additionally; existing Kraken Pro contract users can use it directly. The leverage mechanism adopts a tiered model: for BTC contracts, the first $1 million nominal position can use up to 100 times leverage, while any amount above that will automatically drop to a lower leverage tier; for ETH contracts, the first $500,000 nominal position offers up to 100 times leverage. The platform emphasizes that the leverage adjustment is not a "one-size-fits-all" switch, but rather a dynamic tiered calculation as the position size increases.

According to the official announcement, the second phase of the Gate contract points lottery has officially started, with two major prize pools set up.Among them, users holding Gate contract points ≥50 can consume 20 points to participate in the 20 GUSD lottery, with a total of 5,000 winning spots; users holding points ≥40 can consume 20 points to receive a 100 USDT position experience voucher, with a total of 3,000 spots available.In addition, participants must upgrade the Gate App to version 8.18.0 or above to participate, and the web version is also open. The GUSD lottery time is from May 15, 18:00 to May 18, 18:00 (UTC+8), and the voucher prize pool redemption time is from May 18, 18:00 to 23:59 (UTC+8). Rewards are expected to be distributed to user accounts within 1 hour after the event ends.

According to monitoring by lookonchain, a wallet related to a16z (0xb5E4) has purchased 74,175 HYPE (approximately 3.38 million USD). In the past month, this wallet has accumulated a total purchase of 1.71 million HYPE (approximately 72.81 million USD).

According to Gate market data, the dollar is heading towards its best week in two months, following U.S. data showing rising inflation pressures that may force the Federal Reserve to consider interest rate hikes within the next year. The dollar index DXY has risen more than 1% this week, expected to achieve its best single-week performance since mid-March. Due to two consecutive inflation data releases this week exceeding expectations, the U.S. Treasury market has been impacted, prompting a Federal Reserve official to state that the U.S. "is facing an inflation problem."

According to Onchain Lens monitoring, the Anchorage associated wallet (@Anchorage) purchased 74,200 HYPE on Bybit, worth 3.38 million dollars. This wallet has accumulated a total of 1.71 million HYPE in the past month, worth 72.82 million dollars, and has used it for staking.

In the context of a short-term decline in spot gold and increased market volatility, the trading volume of XAU contracts has significantly expanded. According to CoinGlass data, the current price of XAU is $4573.68, down 2.52% in the past 24 hours; during the same period, the total trading volume of XAU contracts across the network reached $2.37 billion, an increase of 50.52% compared to the previous period.In centralized exchanges, the trading volume of XAU contracts is concentrated on leading platforms, with Binance, OKX, and Bitget ranking in the top three. Their 24-hour trading volumes are $1.404 billion, $257 million, and $227 million, respectively, collectively accounting for about 80% of the market share.

According to CoinGlass data, Brent crude oil (XBR) is currently priced at $102.78, up 0.68% in 24 hours; WTI crude oil (XTI) is currently priced at $98.45, up 1.33% in 24 hours, with active trading in oil-related contracts. Among them, for XBR, the trading volume on the Gate platform is approximately $5.45 million, ranking first across the network; for XTI, the trading pair XTI/USDT has a 24-hour trading volume of approximately $3.4613 million, maintaining high market attention, reflecting the platform's liquidity and product advantages in the oil derivatives market.In addition, Gate has renamed the trading symbol for the XBR perpetual contract to BZ and officially launched the BZ perpetual contract; at the same time, the trading symbol for the XTI perpetual contract has been renamed to CL and officially launched the CL perpetual contract. This only involves adjustments to the trading symbols, while the contract underlying and trading rules remain unchanged. Gate will further improve the product system for oil derivatives on the platform.Gate contracts have taken the lead in the oil market, pioneering the commodity contract sector, covering XBRUSDT (Brent crude oil) and WTIUSDT (WTI crude oil) perpetual contract trading, providing 24/7 trading, USDT settlement, and up to 100 times leverage, assisting users in cross-market asset allocation and strategic layout in volatile markets.

According to Gate market data, U.S. stock index futures continue to decline, with Nasdaq futures down by 1%, and S&P 500 index futures down by 0.6%.

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.

Binance Futures announced that it will officially launch the BTCUSD1 U-based perpetual contract on May 18, 2026, at 17:00 Beijing time (09:00 UTC), with a maximum leverage of 100 times.It is reported that this is the first USD1 contract trading pair launched by Binance, with USD1 as the settlement asset. At the same time, the contract supports a multi-asset model. Currently, the highest collateral conversion rate for USD1 in Binance's unified account is 99.99%, which means that USD1 has simultaneously taken on the roles of pricing currency, margin asset, and collateral on the leading trading platform.

According to Coinglass data, the total contract open interest for ETH has decreased by 6.28% in the past 24 hours, with the current total open interest at 32.663 billion USD. Among them, the open interest on Binance is 6.88 billion USD, OKX is 1.95 billion USD, Bybit is 2.052 billion USD, and Gate is 4.338 billion 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.

Coinbase announced that it will launch perpetual contracts for four AI infrastructure stocks on May 18, including Cerebras Systems (CBRS), TSMC, Nebius Group (NBIS), and Bloom Energy (BE).The official statement indicated that the relevant contracts support long and short positions, leverage, and 24/7 trading, and will be open to retail and institutional traders in regions that meet liquidity conditions.

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.