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

May 20: Per monitoring by OnchainLens, a wallet address linked to Anchorage has withdrawn an additional 121,099 HYPE from Bybit, valued at roughly $5.87 million. Over the past month, this same address has amassed a total of 2.34 million HYPE via withdrawals, with an aggregate value of about $112 million—all of which has now been staked.

May 20 – Christoph Hock, Head of Digital Assets and Tokenization at major German asset manager Union Investment, told attendees at the 2026 London Digital Money Summit that USDT and USDC don’t qualify as genuine "stablecoins" under strict definitions. He noted their reserve structure bears more resemblance to a high-risk hedge fund. Hock emphasized that Tether’s reserves hold large amounts of gold and Bitcoin, meaning the token isn’t a purely USD-backed low-risk cash equivalent. According to him, this framework transfers market volatility risk to corporate finance teams and institutional investors. He specifically referenced USDC’s past 13% de-pegging event, arguing that such price swings pose "catastrophic risks" for corporate finance departments and asset management firms that rely on stablecoins for overnight cash settlements. Institutional investors can’t stomach significant, short-term losses in their cash positions, Hock said, adding that some stablecoins have strayed from the

Local time Tuesday, May 20 — U.S. President Trump signed an executive order Tuesday mandating the federal government and the Federal Reserve to review the nation’s existing regulatory framework, aimed at deepening the integration of digital assets and financial technology (fintech) into traditional financial services and the broader payment system. The directive instructs U.S. financial regulators to conduct a full review of current rules over the next three months, with a key task: identifying any "unreasonable barriers" that block fintech companies from partnering with federally regulated financial institutions. Within six months, agencies must implement targeted measures to foster financial innovation. Notably, the order specifically directs the Federal Reserve to reassess eligibility criteria for uninsured depository institutions and non-bank financial firms to access core payment accounts and services. It also requires the 12 regional Federal Reserve banks to evaluate whether th

On May 20th, per Arkham Intelligence, the Bitcoin linked to Irish drug dealer Clifton Collins—long deemed "permanently lost"—has been transferred again. Collins, a former beekeeper later arrested on drug trafficking charges, bought roughly $30,000 worth of BTC between 2011 and 2012; that stash is now worth nearly $4.1 billion. The batch was written off as unrecoverable after Collins claimed he lost the private keys. Just a month ago, 500 BTC from this dormant stack moved for the first time in a decade. New data shows another 500 BTC from the same lot has now been shifted, valued at around $38 million at current market prices.

May 20th, Bloomberg ETF analyst James Seyffart revealed that Donald Trump’s social media platform Truth Social has withdrawn its spot Bitcoin ETF application. The official press release from Truth Social cited a justification that Seyffart called "not very convincing." He noted that the regulatory distinction between a 33 Act ETP and a 40 Act ETF—specifically regarding investor protection levels—is widely understood in the crypto ETF market, and there have been "no new developments" to prompt the withdrawal. Seyffart’s more probable take points to the hyper-competitive spot Bitcoin ETF landscape: particularly after Morgan Stanley launched its MSBT ETF with a low 14 basis point fee, which has further compressed available market space. He also added that Truth Social still plans to launch a more flexible crypto-focused ETF strategy under a 40 Act fund structure. Seyffart questioned, "Does the market really need a 14th spot Bitcoin ETF? But more differentiated crypto products do still ma

On May 20, per monitoring from OnchainLens, the U.S. government transferred 319 ETH (valued at roughly $673,000), $934,000 worth of USDT, as well as select amounts of DAI and USDC, from seized funds tied to FTX and Alameda to Coinbase.