Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

On May 21, CryptoQuant’s Research Lead Julio Moreno stated that Bitcoin’s current trajectory is mirroring the bear market pattern seen in March 2022. BTC recently rallied to nearly $82,400—approaching its 200-day moving average (MA)—before hitting resistance and falling back to roughly $76,000. Moreno noted that back in March 2022, Bitcoin also bounced about 43% from a low to test the 200-day MA, then reversed into a downtrend. This cycle, since the April 2026 low, BTC has risen ~37% and run into the same key resistance level. During bear markets, the 200-day MA has long served as a line in the sand between short-lived rebound rallies and sustained downtrend continuation. If price fails to break this level convincingly, it often signals the bear market structure remains firmly intact—one of the most prominent technical bearish indicators. Compounding that, Bitcoin demand has tipped negative again: The perpetual contract speculative demand that fueled gains from April to May slowed sh

May 21: According to Alternative Data, today’s cryptocurrency Fear & Greed Index stands at 29, up from yesterday’s reading of 27—meaning the market remains entrenched in the "Fear" sentiment zone. Quick context: The Fear & Greed Index runs on a 0-to-100 scale, with its score calculated from six weighted metrics: Volatility (25%), Market Trading Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin’s Dominance (10%), and Google Trends Analysis (10%).

May 21: Morgan Stanley’s Global Head of Technology M&A, Wally Cheng, said that as companies scramble to fill critical tech gaps in areas like semiconductors, power, networking, and infrastructure, artificial intelligence-focused mergers and acquisitions are spanning all deal sizes and expanding into a wide range of industries. Cheng noted, “I anticipate deal activity will cover the full spectrum, including both private and public companies.” While semiconductors—the chips that power AI computing—are highly valued as cutting-edge technological marvels, the broader ecosystem around these chips also holds massive potential, covering areas such as networking, storage, power, and real estate. Valuing the AI sector remains extremely challenging, he added, as it requires balancing hype-driven unicorns with seemingly boundless prospects against real-world implementation risks. Tammy Kiely, Senior Managing Director of Evercore’s Technology Investment Banking division, echoed this view. Sh

On May 21, Bankless co-founder David Hoffman announced in a post on the X platform that he has sold all of his Ethereum (ETH) holdings. In a related statement, fellow Bankless co-founder Ryan Sean Adams outlined his future role with the community platform: he remains bullish on both ETH and Bankless. As Bankless enters its second era, Adams plans to step back from his core leadership duties—he will still host the weekly podcast, but will take a less prominent leading role in shaping content direction and handling guest interviews. Hoffman, meanwhile, will take full charge as the primary lead for these key areas moving forward.

NEW YORK, May 21 (Bloomberg) — Kalshi Inc. has received an additional $200 million in funding from two new investors, expanding the size of its ongoing financing round, a source familiar with the matter told Bloomberg. The new backers are Layer Global, led by Anton Levy, and Baillie Gifford, both making their first investments in the prediction market platform, the source said on condition of anonymity due to the private nature of the negotiations. Earlier this month, Kalshi announced on May 7 that it had closed a $1 billion funding round led by Coatue Management, which valued the company at $22 billion post-investment.

May 21: SoftBank Group’s stock price surged nearly 20% in early Tokyo trading, driven by news that OpenAI plans to submit an initial public offering (IPO) application. On the same day, SB Energy—SoftBank’s second portfolio company, which develops energy infrastructure for data centers—announced it will confidentially file a registration statement for a U.S. IPO. SoftBank has a close financial partnership with OpenAI: it holds an approximate 13% stake in the AI firm, with cumulative investments totaling around $64.6 billion through its Vision Fund. Insiders revealed that OpenAI expects to submit its IPO application in the coming weeks, targeting a public listing this fall.