A certain Ethereum whale, after 7 months of silence, has chosen to "surrender" and deposited 1504 ETH into OKX.

May 31: Analyst Darkfost, citing data from CryptoQuant, reports Binance saw a roughly $1.2 billion net outflow of stablecoins in May—reversing the steady inflow trend of the past two months and signaling a continued weakening of liquidity across the crypto market. As the world’s largest cryptocurrency exchange, Binance’s stablecoin reserves have dropped from $51 billion in November 2025 to $44 billion. Darkfost adds that while Bitcoin has rallied since the start of the year, it hasn’t established a sustainable trend backed by consistent liquidity; the current rebound appears to be more of an oversold technical bounce rather than long-term, momentum-driven growth.

May 31. In response to insider trading allegations targeting heavily invested stock Sivers (SIVE), a Swedish prosecutor has recommended Nasdaq launch an investigation. Dubbed the "New Stock God," Serenity posted on X that Sivers (SIVE) should undergo a full transformation into a U.S.-based company, with a Nasdaq listing as the first step. The rationale for this move: Sivers already has a U.S. capital structure, high institutional ownership, and support from the CHIPS Act—factors Serenity said would unlock a higher valuation premium and potential merger opportunities. Negative reports from Swedish local media, alleged to be influenced by short sellers, are viewed as harmful to the development of AI photonics, he added. The U.S. market would provide stronger financing access, plus broader support from institutions, funds, and indices. Serenity also suggested Sivers retain its European business as a subsidiary, centrally managed by its upcoming U.S. parent. There are further hints that

May 31: Kyle Samani, former co-founder of Multicoin Capital and ex-chairman of Forward Industries (FORD)’s board, has emerged as Hyperliquid’s leading critic. His core claims: Hyperliquid lacks meaningful technological innovation, rose to prominence solely through temporary regulatory arbitrage, and no legitimate U.S. company will partner with the platform. Samani recently issued a new bet challenge to Hyperliquid’s community, predicting the platform will be unable to launch a U.S.-compliant frontend in the near term. In response, several community members offered a $1 million wager, asserting Hyperliquid will launch such a compliant frontend within three years. Samani rejected the three-year timeline, arguing Hyperliquid will establish Hyperliquid U.S. within that period either by acquiring a Derivatives Clearing Organization (DCO) and a Designated Contract Market (DCM), adopting a compliance strategy similar to Polymarket, and advancing its technology to pass decentralized testing.

On May 31, a high-profile Bitcoin theft case concluded in Qingdao, China, with a court upholding a lengthy prison sentence and clarifying how Chinese law classifies cryptocurrency, per local judicial dispatches. The Licang District Prosecutor’s Office in Shandong Province led the case, and the final ruling was affirmed on appeal. The defendant, identified as Zhang, gained access to an acquaintance’s cryptocurrency wallet mnemonic phrase while helping the individual set up their account. He later transferred 107 Bitcoin in multiple transactions—assets valued at over 50 million yuan (roughly $6.9 million) at the time of the crime. Zhang converted the stolen crypto to 660,000 yuan (about $91,000) in cash, but claimed his actions amounted to “protective control”—a defense rejected by prosecutors and judges. In its ruling, the court confirmed Bitcoin qualifies as property under Chinese criminal law. While China does not recognize cryptocurrency as legal tender, judicial authorities hold t

May 31: Per data from hl.eco, HYPE surged and hit a new high of $70 at noon today. However, TWAP net buy volume showed a downward trend, with a net sell volume of $202,000 in the past hour. The projected net buy volume for the next 24 hours is $3.91 million, compared to roughly $54 million earlier today. BlockBeats Note: The TWAP (Time-Weighted Average Price) trading algorithm divides a large order into numerous smaller orders, executing them evenly at regular intervals within a set time frame. It is a widely used algorithmic trading strategy designed primarily to lower market price impact when placing large orders.

May 31 (Reuters) — The Israeli military has confirmed it captured Beaufort Castle in southern Lebanon.