Polymarket's trading activity saw a brief decline after the v2 upgrade, with both the number of trades and the trading volume experiencing a significant drop.
May 27 Update: Polymarket officially launched its upgraded CLOB v2 trading platform on April 28. However, data from Dune Analytics shows the platform saw a significant drop in both transaction count (Txn) and trading volume on the day of the upgrade. Daily executed orders have plummeted rapidly from their recent peak, and monthly trading volume has declined sharply after hitting a high in early 2026.
That said, active wallet metrics indicate overall user activity on Polymarket remains at a solid, high level. Market participants attribute this recent dip to the system upgrade, related API transitions, and short-term liquidity adjustments.
Meanwhile, rival betting exchange Kalshi has maintained steady growth over the same period. Its trading volume has stabilized and is trending upward, while transaction counts have been climbing consistently. Driven by U.S. political events, macroeconomic developments, and sports betting-related activity, Kalshi’s trading volume and user base have con
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JPMorgan Chase Upgrades HashKey (3887.HK) Rating to "Neutral"
May 27 – International investment bank J.P. Morgan released a new research report this week, upgrading the stock rating of licensed digital asset financial service provider HashKey (Ticker: 3887.HK) from “Neutral” to “Overweight” while maintaining its target price of HK$5.00.
After attending the recent J.P. Morgan China Summit and meeting HashKey’s management team, the bank said it now has a clearer view of the firm’s near-term business performance and mid-term profit roadmap. J.P. Morgan noted HashKey’s growth is more resilient than expected, and long-term structural tailwinds in the digital asset industry continue to support the company’s outlook.
The report added that despite the recent slump in overall virtual asset trading activity, HashKey’s year-to-date (YTD) trading volume has risen year-over-year, fueled by its aggressive expansion in the Hong Kong market. On the financial front, J.P. Morgan projects HashKey’s gross margin will expand by roughly 10 percentage points in fisca
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Micron Technology Stock Price Receives Positive Outlook from Several Investment Banks, with the Latest Average Target Price Raised to $1,008
May 27 – According to a public analyst report, Micron Technology’s stock price received target price hikes from several international investment banks in May. Institutions including UBS and Melius set a $1,100 price target, while Bank of America and Deutsche Bank offered targets ranging from $950 to $1,000. The average May target price stood at $1,008 per share.
This round of upward adjustments represents a sharp increase from analysts’ price targets in early April (which fell between $400 and $700), reflecting sustained market enthusiasm for AI storage demand and HBM (high-bandwidth memory) business growth expectations.
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Asian Tech Stocks Rise, Oil Price Falls as US-Iran Talks Hopes Boost Market Sentiment
May 27. Asian stocks posted mixed results Wednesday amid growing market optimism over a potential U.S.-Iran peace deal, with South Korean equities leading the rally, particularly in the tech and semiconductor sectors.
South Korean chip behemoth SK Hynix jumped more than 10%, crossing the $1 trillion market cap threshold. Samsung Electronics also advanced, following word of a labor deal that averted a major strike. Over in U.S. equities, the market has been on a solid upward run, with the S&P 500 and Nasdaq both notching fresh all-time highs. Micron Technology, for its part, rallied almost 20% in a single session, also topping $1 trillion in market value.
The consensus is that the AI boom is broadening beyond GPUs to AI infrastructure segments like High Bandwidth Memory (HBM), fueling the semiconductor sector’s ongoing rally.
That said, even though recent U.S. airstrikes targeting Iran have ratcheted up tensions, the market is still betting on a final U.S.-Iran agreement—pushin
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Pro-Crypto Democratic Lawmaker Menefee Defeats Anti-Crypto Lawmaker Al Green, PAC Provides Millions in Support
May 27 – Pro-cryptocurrency Democratic candidate Christian Menefee has defeated 20-year incumbent Al Green in the Democratic primary runoff for Texas’ 18th U.S. House District, flipping a seat long controlled by Green, a vocal critic of the crypto sector.
Crypto industry-backed Super PAC Fairshake’s affiliate Protect Progress poured millions of dollars into the race to support Menefee and oppose Green. A Fairshake spokesperson framed Green’s loss as a clear signal that anti-crypto stances carry real political consequences.
Public records outline the candidates’ divergent views: Menefee backs blockchain technology, arguing it has the potential to boost transparency and efficiency in finance and supply chains. He holds an “A” rating from crypto advocacy group Stand With Crypto. By contrast, Green has previously opposed the GENIUS Stablecoin Act and Clarity Act, and warned cryptocurrencies could erode the U.S. dollar’s global standing, earning an “F” rating from Stand With Crypto.
Data
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Binance will support the Base Network upgrade and hard fork, during which deposits and withdrawals will be suspended
May 27: Binance announced it will suspend deposits and withdrawals for Base Network tokens starting at 17:00 UTC on May 28 to support the Base Network’s upcoming upgrade and hard fork. The network upgrade is expected to go live at 18:00 UTC on May 28.
Binance added that trading for these tokens will remain unaffected during the upgrade, and the platform will manage all necessary technical work. Once the network is stable, Base Network deposit and withdrawal services will resume—no additional advance notice will be provided ahead of the restart.
7 minutes ago
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