Echo Protocol suffers an attack, with hackers minting 1000 eBTC and transferring some of the funds to Tornado Cash

On May 19th, Hyperinsight monitoring reports a major short position on Hyperliquid closed for profit, unwinding both Bitcoin (BTC) and Ethereum (ETH) short positions simultaneously. The BTC short position was closed at roughly 363.2 coins, valued at about $27.8 million, with a closing price of $76,774. The ETH short position totaled 2808 coins, worth approximately $5.98 million, closed at a price of $2,130—bringing the total value of closed positions to around $33.8 million. Immediately after closing, this same address placed new sell orders: planning to short 257.2 BTC (~$40 million) in the $77,500–$78,000 price range, plus 4,484 ETH at $2,230 (about $10 million). Address: 0x32008fcb6bbd16532afc83ca8b6c920dde22c407

May 19 – According to Onchainlens monitoring, a newly created address withdrew 41,847 SOL from OKX five hours ago, with the withdrawal valued at $3.55 million.

On May 19th, per monitoring from HyperInsight (https://t.me/HyperInsight), amid a broad weakening of the U.S. stock storage sector, a whale wallet (0xefd3a) on Hyperliquid opened massive short positions in Western Digital (SNDK) and Micron Technology (MU), locking in partial profits. The whale shorted 9,510 shares of SNDK (worth approximately $12.35 million) and 7,380 shares of MU (around $4.97 million) using 3x leverage on the platform, and has so far accumulated over $620,000 in unrealized gains.

On May 19th, data from LookOnChain shows that a crypto whale known as the "Solana OG"—who has been staking SOL for over five years—sold an additional 30,000 SOL roughly eight hours ago, worth approximately $2.56 million. This whale originally staked 991,000 SOL five years ago and has been liquidating their holdings gradually over the past year. To date, the whale has sold a total of 965,274 SOL at an average price of $143, totaling around $137.66 million. Currently, 381,140 SOL remains staked, valued at roughly $32.4 million.

May 19 — According to Bitget market data, Situational Awareness LP, the portfolio managed by 25-year-old Wall Street AI stock expert Leopold Aschenbrenner, notched its first net acquisition of holdings in Q1 2026 and sustained its strong run in U.S. equities during after-hours trading. Key performers in its holdings: - T1 Energy (TE): Climbed 5.57%, now trading at $7.39 - HIVE Digital (HIVE): Rose 3.76%, last priced at $3.59

On May 19, Minnesota Governor Tim Walz officially signed House File 3709, allowing state banks and credit unions to offer cryptocurrency custody services. The law takes effect August 1, 2026. Under the legislation, financial institutions must establish formal written policies covering risk management, internal controls, and security measures. They also need to submit a written notice to the state’s Commerce Commissioner at least 60 days before launching custody services—with a critical rule: customer assets must be strictly segregated from the institution’s own funds. Rep. Bernie Perryman, one of the bill’s main drafters, said the move is designed to let local financial institutions “grow alongside their customers,” so residents don’t have to rely on unregulated out-of-state or offshore crypto providers. The Minnesota Credit Union Network called the legislation a “safer way for residents to manage cryptocurrency assets,” noting it strengthens regulatory protections against fraud, cyb