Odaily reported that BIT announced Matrixport Technologies Ltd has officially obtained approval from the British Virgin Islands Financial Services Commission (BVI FSC) for a Category II Investment Business License (Arranging Deals in Investments) under the Securities and Investment Business Act (SIBA), as well as VASP registration under the Virtual Asset Service Provider Act (VASP Act).
According to an official announcement, South Korean cryptocurrency exchange Upbit will list TRAC, supporting trading pairs in Korean Won, Bitcoin, and USDT.
Odaily reported that market analysts are clearly divided over whether Bitcoin is repeating the "sell in May" pattern. Some analysts argue that, during U.S. midterm election years, Bitcoin has historically experienced significant drawdowns in May twice: in 2018, dropping from approximately $10,000 to $7,000, and in 2022, falling nearly 30% from around $40,000 before further declining into the $20,000 range. Based on this pattern, some warn that 2026 could see a similar bear market structure.
Crypto analyst Merlijn Enkelaar stated that this cycle "has a high degree of repetition," and if history repeats itself, BTC could even fall back to $33,000, despite current factors such as the advancing CLARITY Act, favorable policy developments, and improving trade expectations. João Wedson, CEO of Alphractal, pointed out that when prices consistently stay below $78,000, the market enters a higher-probability "capitulation phase," with bearish momentum increasing.
However, opposing views suggest that historical declines were actually driven by more specific macroeconomic shocks, including liquidity tightening, industry black swan events, and regulatory impacts, rather than purely seasonal patterns. CoinEx Chief Analyst Jeff Ko emphasized that the current market structure has been significantly altered by ETF inflows, institutional allocations, and corporate holdings, making it unlikely to repeat the extreme 70%–80% drawdowns of the past.
BTC is currently trading around $76,900, with a key support level identified in the $76,000 range. A break below this level could open the door to deeper corrections. (Cointelegraph)
Odaily News: Greg Cipolaro, Research Director at financial services firm NYDIG, stated that the most realistic legislative window for the U.S. Senate's crypto market structure bill is June to early August. If progress cannot be made during this period, the bill may face uncertainty extending beyond the midterm elections or even longer.
Earlier, White House crypto advisor Patrick Witt had proposed July 4 as an ideal legislative timeline, but NYDIG considers this target overly optimistic. The bill still needs to clear multiple hurdles, including committee review, a full Senate vote, and House procedures.
The bill aims to establish a clear regulatory framework for U.S. crypto assets and is regarded as one of the most critical pieces of legislation this year. However, it has faced repeated delays due to disagreements over stablecoin regulation, ethical clauses, and DeFi rules. The Senate Banking Committee has advanced the draft for a full Senate vote, but it still requires at least 60 votes to pass.
Analysts point out that if the bill fails to pass before the election cycle, shifts in Republican and Democratic control of the Senate could further reduce legislative certainty, keeping the industry in a state of regulatory ambiguity.
However, if the bill is ultimately passed and signed into law, it would bring regulatory clarity to the market. In particular, Bitcoin is expected to be clearly classified as a commodity, thereby reducing uncertainty for institutional entry. (Cointelegraph)
Odaily reported that according to Lookonchain monitoring, after holding for two years, whale GyBRmk sold 21,911 SOL, incurring a loss of $1.05 million.
Odaily reports: Artificial intelligence company Anthropic has agreed to provide a special briefing to relevant officials of the Financial Stability Board (FSB) regarding its Mythos AI model. The briefing will focus on security vulnerabilities identified by the model within the defense systems of the global financial network.
According to two sources familiar with the matter, the communication was proposed by Bank of England Governor Andrew Bailey, requesting that Anthropic brief the FSB on its new preview version of the Claude·Mythos AI model. The FSB is currently compiling a report on compliance standards for the application of artificial intelligence in the financial industry, with a draft expected to be released next month for public consultation. Both the FSB and Anthropic have declined to comment on their recent communications. (Jiemian)
Odaily reports: According to market sources, Samsung Electronics' labor union stated that it will proceed with the strike as planned. (Jin Shi)
Odaily reported that Liquid Capital founder Yi Lihua posted on platform X, saying: "Next, wait patiently for bottom-fishing opportunities. Investment and trading are essentially about curbing greed and controlling panic. The next phase may be the most panic-stricken stage in the crypto circle, with BTC bought at high prices facing the final round of a major shakeout. The crypto industry is facing five major crises: the younger generation is no longer interested, traditional capital is mainly flowing into AI, crypto narratives are being repeatedly disproven, various celebrities are coming to the crypto space to cash out and leave, and industry leaders lack innovation and building."
Odaily Planet Daily News PeckShield posted on platform X, stating that from February to mid-May 2026, at least 8 major cross-chain bridge security incidents occurred in the crypto industry, with attackers stealing approximately $328.6 million in assets from cross-chain protocols in total.
PeckShield pointed out that cross-chain infrastructure remains a high-frequency target for hackers, with related risks continuing to intensify amid the expansion of the multi-chain ecosystem.
Odaily reported that according to the official announcement, BitMart Futures will list the FLNCUSDT perpetual contract at 22:00 (UTC+8) on May 18, 2026, supporting up to 10x leverage.
Odaily Planet Daily News Nomura released a report stating that demand driven by artificial intelligence is growing exponentially, while memory supply remains limited, leading to an expected valuation re-rating for memory stocks. The firm has significantly raised target prices for Samsung Electronics and SK Hynix. The target price for Samsung was raised from the previous 340,000 KRW to 590,000 KRW, and the target price for SK Hynix was raised from the previous 2,340,000 KRW to 4,000,000 KRW. Both stocks are rated as "Buy." Nomura stated that as the demand for AI semiconductors shifts from training to inference workloads, the demand for memory is entering a period of exponential expansion.
In comparison, the firm believes that industry supply growth during the same period may still be limited to approximately 5 to 6 times (a compound annual growth rate of about 30%), which raises a serious question about whether the structural supply shortage can be truly resolved. The report mentions that the industry is currently attempting to narrow this widening supply-demand gap through various software and architectural optimizations. However, Nomura believes these solutions can only slow the pace of growth, rather than reverse the trend. (Jin Shi)
Odaily reports that Bitcoin has fallen below the $77,000 mark, hitting a low of approximately $76,720. Analysts attribute the market decline primarily to multiple macroeconomic pressures, including the renewed escalation of tensions between the US and Iran, rising inflation concerns, and increased risk aversion across risk assets. Former US President Donald Trump issued a strong warning to Iran on social media, intensifying geopolitical uncertainty.
Meanwhile, rising oil prices have further elevated inflation expectations, with Brent crude climbing to around $111 and WTI rising above $107. This has sparked concerns that the Federal Reserve may maintain higher interest rates for a longer period.
The current selling pressure is also compounded by factors such as rising US Treasury yields, a strengthening US dollar, and ETF outflows. Data shows that Bitcoin ETFs saw net outflows of approximately $1 billion in the week ending May 17, ending six consecutive weeks of net inflows.
In terms of market sentiment, the Bitcoin Fear and Greed Index has fallen back to 27, re-entering the "fear zone." Analysts believe that short-term trends will remain highly dependent on macroeconomic data and policy expectations. However, some institutions view the current correction as a "healthy digestion" period, suggesting the long-term structure remains unchanged. (The Block)
Odaily: JPMorgan has lowered its average gold price forecast for 2026 by $5,243 per ounce, from a previous estimate of $5,708 per ounce, citing a re-acceleration of demand in the second half of 2026. The base case still expects gold prices to reach $6,000 per ounce by year-end. (Jin Shi)
Odaily Planet Daily News Samsung Electronics' stock rose after the company resumed high-stakes wage negotiations with its largest labor union. Samsung's stock surged as much as 6.7% in Seoul on Monday, reversing its previous decline. Successful talks aimed at averting a strike would prevent disruptions to the operations of the world's largest memory chipmaker.
Efforts by Korean political and business leaders to ease tensions have temporarily alleviated concerns about a major blow to the country's critical semiconductor industry. Additionally, according to Yonhap News Agency, a Seoul court partially approved an injunction against potential illegal actions by the union on Monday, further reducing market anxieties. (Jinshi Data)
According to market sources: The government-mediated negotiations between Samsung Electronics and the labor union will continue until tomorrow.
Odaily Odaily reported that according to SoSoValue data, during the last trading week (May 11 to May 15 Eastern Time), XRP spot ETFs saw a net inflow of $60.495 million.
The XRP spot ETF with the highest net inflow last week was the Bitwise ETF XRP, with a weekly net inflow of $25.6775 million. The total historical net inflow for XRP has now reached $460 million. The second highest was the Franklin Templeton ETF XRPZ, with a weekly net inflow of $21.0402 million. The total historical net inflow for XRPZ has now reached $378 million.
As of press time, the total net asset value of XRP spot ETFs stands at $1.180 billion, with the ETF net asset ratio (market cap as a percentage of XRP's total market cap) at 1.33%. The historical cumulative net inflow has reached $1.390 billion.
