Former Bankless member reveals team has undergone a large-scale layoff, co-founder Ryan steps back as Bankless enters its "Second Age"
May 21. Former Bankless team member Lucas posted on social media today, sharing: "Figured I’d lay out what’s been unspoken—apparently Bankless laid off most of its entire team yesterday. There was no word of thanks, nor a public heads-up to help those team members land on their feet."
Prior to this news breaking, Bankless co-founder David Hoffman announced on X that he has sold all his Ethereum (ETH).
Another co-founder, Ryan Sean Adams, noted that Bankless’s first era has come to an end. He and David worked together for six years, exploring crypto, decentralized finance (DeFi), and unlocking Ethereum’s full potential. Bankless is now entering its second chapter. For this next phase, Ryan plans to step back to support David Hoffman as he explores crypto and broader frontiers. He’ll still show up on the weekly podcast (definitely not skipping the Rollup segment!), but will reduce his involvement in shaping content and conducting guest interviews. David will take the lead moving forwar
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Technology IPO Boom: Global AI Concept Companies Set to Go Public
May 21 | Global AI companies are accelerating their initial public offering (IPO) efforts across multiple markets, including China’s A-share market, Nasdaq, the New York Stock Exchange (NYSE), and South Korea’s Korea Exchange (KRX). In the U.S., firms like OpenAI, Anthropic, Databricks, and Lambda are advancing their IPO plans. The A-share market is drawing focus to AI storage and model players such as ChangXin Technology, Suiyuan Technology, Changjiang Storage, Kunlun Core, and Zhipu. South Korea’s KRX includes AI semiconductor and model startups like Rebellions, DeepX, Upstage, and FuriosaAI.
This ongoing AI IPO wave has expanded beyond foundational models to span the full industry chain—covering AI chips, storage, cloud computing power, AI agents, and data infrastructure. Some companies have entered public filing or regulatory counseling stages, while others remain in media preparation or market expectation phases. With AI commercialization accelerating, capital expenditure growing
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Coinbase Bitcoin Premium Index Records Negative Value for 6 Consecutive Days
May 21: Data from Coinglass shows Coinbase’s Bitcoin Premium Index has remained in negative territory for six straight days, currently standing at -0.0919%. Outflows from U.S. Bitcoin spot ETFs highlight the fading buying power in the American market.
The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase and the global average market price. A negative premium typically signals heightened selling pressure in the U.S. market, reduced investor risk appetite, a rise in hedging sentiment, or capital outflows.
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Huobi Futures Launches "1U Opening" Feature, Allowing New Users to Experience 10x Leveraged Trading with Just 1 USDT
May 21: Per the official announcement, Huobi (operating under the name HTX) officially rolled out its 1U Long Position feature on May 20. Running concurrently through May 31 at 23:59 UTC+8 is a triple-exclusive promotion. Users who complete their first one-click position opening and leveraged trading tasks will split a prize pool exceeding 40,000 USDT.
The 1U Long Position is a streamlined, user-friendly onboarding tool built by Huobi HTX for new leveraged trading participants. With just 1 USDT as principal, traders can control a 10 USDT position, access interest-free borrowing, have their initial losses fully compensated by Huobi HTX, and join the offering without any prior leverage trading experience required.
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Bitwise CEO: Hyperliquid and Solana are Leading the "Income-Generating Public Blockchain" Narrative, Benefiting from On-Chain Capital Market Trends
On May 21st, Bitwise CEO Hunter Horsley noted in a public post that the crypto industry is emerging with a new category called "revenue chains," currently led by Hyperliquid (HYPE) and Solana (SOL).
Horsley pointed out that both projects have overlapping traits and unique strengths: robust communities, functional use cases, and loyal user bases. He added that in the future, these two could stand to benefit from structural growth in the mobile internet—similar to how iOS and Android dominate their respective markets.
For "revenue chains," Horsley emphasized, their upside ties directly to the ongoing tailwind of the on-chain capital market trend. Whether you’re bullish on HYPE, SOL, or both, he stressed that the core focus shouldn’t be competition—it should be the overall growth of on-chain capital markets. He closed with: “Support on-chain capital markets. Excited to see the crypto industry’s success.”
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Morgan Stanley: Shorting Bitcoin ETF, Betting on Stablecoin Leader Circle
May 21. Australian financial services firm Macquarie Group Ltd disclosed in mid-May’s 13F filing that between the December 31, 2025, and March 31, 2026, reporting periods, its holdings in IBIT decreased 19.3%—from 5.126 million shares to 4.139 million, with the corresponding asset value falling from roughly $255 million to $159 million. ETHA holdings also contracted, dropping 9.5% to 3.289 million shares (down from 3.634 million), trimming its value from around $81.5 million to $52.1 million.
On cryptocurrency stocks, Macquarie reduced its stake in Coinbase by 19%, while boosting its position in Circle by a sharp 188%—Circle’s holding was valued at $2.326 million as of the first quarter’s end. The firm also added a new BitMine position, worth $4.153 million at March 31, 2026.
For the AI sector, Macquarie took a cautious rather than aggressive stance: its holdings in major AI players like NVIDIA, Palantir, and AMD dropped significantly, with only a minor increase in shares of select s
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