ESPORTS Project Team's Associated Addresses Sell Off 253 million Tokens, Cashing Out 17.29 million USDT

On May 26, data from HTX revealed the ESPORTS contract and spot markets experienced an extreme price divergence, peaking at over 40%. Currently, the perpetual contract’s mark price sits at $0.0478, while the on-chain spot price is $0.0392, resulting in an approximate 22% gap. Funding rates for ESPORTS contracts on major exchanges have now turned negative. Additionally, Coinglass data shows total ESPORTS open interest across all exchanges surged to $48.32 million, with 24-hour contract trading volume hitting $617 million. In the last 24 hours, liquidations reached $8.3167 million, with long positions making up $6.6682 million of these liquidations.

May 26 – OKX officially launched its Exchange OS Whitepaper on May 26, per the platform’s official announcement. This open protocol infrastructure allows anyone to deploy spot trading pairs, perpetual futures, or prediction markets on X Layer without needing prior approval from OKX. OKX Founder and CEO Star stated, “We believe the next phase of on-chain finance centers on building shared market infrastructure: this tool lets developers and institutions create new trading markets more efficiently, while keeping flexibility intact for front-end design, market structure, risk management, and compliance frameworks.” Furthermore, OKX revealed it will soon roll out the first market built on Exchange OS—the 2026 World Cup Prediction Market—set to go live in June. Star added, “The next chapter of on-chain finance shouldn’t be written by one single platform; it should be co-created by everyone who wants to build markets.”

As of May 26th, LookOnChain monitoring shows a crypto whale opened an Ethereum (ETH) short position worth over $100 million yesterday, only to be liquidated for a $260,000 loss. Shortly after, the whale shifted to a long position on Bitcoin (BTC), opening a 175.04 BTC long valued at roughly $13.43 million.

As of May 26th, Bitcoin’s implied volatility has fallen to 36%—its lowest level in nearly eight months—signaling the market expects BTC to trade sideways in the near term. A drop in volatility alone doesn’t indicate price direction, but derivatives market data suggests short positions may be overcrowded; a break above $82,000 could trigger a large-scale short squeeze. CoinGlass’s Liquidation Heatmap shows BTC short orders are concentrated in the $78,000–$83,000 range. BTC has failed to recapture the $90,000 threshold for nearly four months, leading some short sellers to hold more aggressive bearish outlooks. Meanwhile, Glassnode data points to a 14% 30-day option Delta Skew, meaning put options carry a significant premium over call options—a sign professional traders remain notably concerned about BTC’s downside risk. The market has already priced in the expectation that BTC could retrace to $72,000. However, a move above $82,000 on substantial trading volume would likely spark a mor

May 26 — Goldman Sachs CEO David Solomon wrote in a New York Times op-ed that fears AI will trigger a "mass unemployment crisis" are overblown, arguing the U.S. economy will continue generating new jobs amid technological shifts just as it did during past industrial revolutions and the internet era. Solomon noted Goldman Sachs projects AI or automation will impact roughly 25% of existing job tasks over the next 10 years, with white-collar sectors including banking, accounting, and law facing significant disruption. A Stanford study found entry-level job postings in highly automated fields like software engineering and customer service have fallen by 16%. Still, he highlighted AI is also driving new labor demand: U.S. data center construction has created more than 200,000 construction jobs since 2022. Goldman Sachs itself may cut some compliance and account-opening roles while hiring additional client-facing positions in banking, trading, and asset management. Solomon emphasize

On May 26, per monitoring from Onchain Lens, a crypto whale sold an additional 170,004 HYPE tokens, cashing out roughly $10.54 million. Over the past 24 hours, this whale has offloaded a total of 321,574 HYPE tokens at an average price of $61.81, generating approximately $19.88 million in total proceeds. It currently holds 30,005 staked HYPE tokens, valued at around $1.78 million.