24H Hot Coins & Headlines｜US-Iran Talks Make Little Progress; Duan Yongping Opens New Position in Circle in Q1 (May 20)
- Key Takeaways: The recent blockchain market has shown divergence, with mainstream coins generally falling while some small and mid-cap coins bucked the trend and rose. Meanwhile, geopolitical risks (US-Iran talks), exchange and fund dynamics (Polymarket's partnership with Nasdaq, Duan Yongping's position in Circle), institutional moves (miners pivoting to AI), and regulatory divergence (new rules in Japan and Minnesota) have become industry focal points.
- Key Elements:
- CEX Market: Top 10 mainstream coins like BTC and ETH generally fell by 0.56% to 3.33%, while niche coins like PROMPT (+44.75%) and XCH (+19.87%) led the gainers. Popular on-chain Meme coins were concentrated on the ETH, Solana, and BNB networks.
- Geopolitical Risks: US-Iran talks made minimal progress, with Iran insisting on core demands. Trump agreed to a 2-3 day extension but threatened strikes; the Iranian military warned it would "open a new front" if attacked again. The Tehran Stock Exchange resumed trading after an 80-day suspension.
- Divergent Regulatory Trends: Japan's Financial Services Agency officially designated specific foreign trust-type stablecoins as electronic payment means, effective June 1st. In the U.S., Minnesota allows banks to offer crypto custody services but prohibits new crypto ATMs, highlighting diverging local regulatory paths.
- Major Institutional and Fund Actions: Duan Yongping opened a new position in Circle in Q1, with a portfolio value of $19.08 million. Bank of America increased its stake in Strategy to $664 million. Polymarket partnered with Nasdaq to launch a prediction market for private companies.
- Miners and AI Transition: Analysts believe the market undervalues the value of miners transitioning to AI infrastructure. For example, Bitdeer's AI cloud annual revenue has reached $69 million. Hut8 invested $16 million to expand its water system to support AI data centers.
- Security Incidents: Echo Protocol experienced a Monad cross-chain bridge incident due to a compromised admin key, affecting $816,000 in funds. The team has destroyed most of the eBTC held by the attacker. Kelp, along with several DeFi protocols, coordinated to liquidate the attacker's positions, recovering approximately 17,426 rsETH.
- Technical Trends: Retail BTC inflow to Binance hit an all-time monthly low (average 314 BTC), with analysts suggesting investors may be shifting to spot ETFs. The Ethereum Foundation has seen at least 8 senior departures since 2026, indicating organizational changes.
1. CEX Popular Coins
CEX Top 10 by Trading Volume & 24h Change:
- BTC: - 0.56%
- ETH: - 1.24%
- SOL: - 1.7%
- XRP: - 2.83%
- ZEC: + 1.45%
- BNB: - 1.05%
- DOGE: - 2.23%
- SUI: - 3.33%
- TRX: + 0.14%
- TON: - 1.44%
24H Gainers List (Data Source: OKX):
- PROMPT: + 44.75%
- XCH: + 19.87%
- LIT: + 16.67%
- SD: + 15.09%
- SAHARA: + 11.84%
- OL: + 7.48%
- ENJ: + 7.31%
- ALGO: + 5.97%
- JOE: +5.04%
- COMP: + 4.04%
24H Crypto Stock Gainers List (Data Source: msx.com):
- ALAB: 13.07%
- LPTH: 12.94%
- QNTM: 11.64%
- BKKT: 11.01%
- MXL: 10.34%
- CLSK: 9.82%
- CRDO: 9.06%
- NA: 8.54%
- ZSL: 8.57%
- AMC: 8.09%
2. Hot On-Chain Memes (Data Source: GMGN):
- ETH: sato、AWF
- Solana: DEGEN、Coinini
- BNB: CZmoon、14
Headlines
Mediators See Almost No Progress in US-Iran Talks; Iran Sticks to Core Demands
Odaily Planet Daily News Citing regional mediators and US officials familiar with the terms, the Wall Street Journal reports that Iran's position in negotiations with the US to end the war has not changed significantly compared to proposals that failed to make progress in previous rounds, raising questions about whether a way out of the conflict can be found. Mediators pointed out that Iran still insists on its core demands, including ending hostilities, achieving economic relief, war reparations, and playing a supervisory role in the strategic Strait of Hormuz. Furthermore, there are still clear differences with the US on the issue of demanding Iran shut down or permanently suspend its nuclear program. Regional sources say the US and Israel have been preparing for a new round of strikes against Iran in the coming days, with some even suggesting attacks could come as early as next week. (Jin Shi)
Trump: Agrees to Give Iran Another 2 to 3 Days
Odaily Planet Daily News US President Donald Trump: I agree to give Iran another 2 to 3 days, maybe until Friday or Saturday, time is limited. (Jin Shi)
Iranian Military Spokesperson: If Attacked Again, Will 'Open New Fronts'
Odaily Planet Daily News According to Iranian sources on the 19th, the Iranian military spokesperson stated that if the enemy "makes wrong judgments again" and launches another attack on Iran, Iran will respond by "using new tools and methods to open new fronts." (CCTV)
Tehran Stock Exchange Resumes Trading After 80-Day Halt
Odaily Planet Daily News Local time May 19, according to the Islamic Republic News Agency (IRNA), the Tehran Stock Exchange resumed trading after an 80-day halt. The Iranian stock market had been closed since the outbreak of the US-Iran conflict on February 28 until May 18, a total of 80 days. (Jin Shi)
Musk: Will Appeal US Jury Verdict Losing Lawsuit Against OpenAI
Odaily Planet Daily News Musk: Will appeal the US jury verdict losing his lawsuit against OpenAI. (Jin Shi)
Polymarket Partners with Nasdaq to Launch Prediction Markets for Private Companies
Odaily Planet Daily News Polymarket has partnered with Nasdaq to launch prediction markets for private companies. The new markets will cover events including private company valuations, IPO timelines, and secondary market activities.
Nasdaq Private Market will serve as the settlement data provider for prediction markets focused on private companies on Polymarket. (Reuters)
Duan Yongping Opens New Position in Circle in Q1, Position Valued at $19.08 Million
Odaily Planet Daily News An SEC 13F filing for H&H International Investment, an investment account managed by Duan Yongping in the US, shows it held 19 securities as of March 31, 2026, with a portfolio value of approximately $20.004 billion.
Duan Yongping disclosed an initial position in Circle for the first quarter of 2026, holding 200,000 shares at an average price of $95.41, corresponding to a market value of $19.08 million at the time of the report, representing 0.1% of his portfolio.
Ethereum Foundation Has Seen at Least 8 Senior Departures Since 2026
Odaily Planet Daily News Ethereum Foundation researchers Julian Ma and Carl Beek have left the organization. At least 8 senior figures have departed from the organization within 2026. (Cointelegraph)
Industry News
Mediator: Opportunity Still Exists for Samsung and Union to Reach Agreement
Odaily Planet Daily News A mediator stated that Samsung and the union have yet to agree on one issue.
The mediator said there is still an opportunity for Samsung and the union to reach an agreement.
The mediator indicated that negotiations between Samsung and the union are expected to conclude by Wednesday morning. (Jin Shi)
Former OpenAI Co-founder Andrej Karpathy Announces Joining Anthropic
Odaily Planet Daily News Former OpenAI co-founder Andrej Karpathy announced he is joining Anthropic. (xcancel)
X Platform Launches Creator Connect, Using AI for Real-time Creator Matching
Odaily Planet Daily News Musk's social platform X announced the launch of Creator Connect. This tool, based on artificial intelligence (AI), matches suitable content creators in real-time based on brand campaign goals and audience trends. It aims to achieve more precise content collaboration by using AI to analyze creators' audience structures, content styles, and real-time trends. (Cointelegraph)
Analyst: Retail BTC Inflows to Binance Hit All-Time Low, Averaging Only 314 BTC Monthly
Odaily Planet Daily News Analyst Darkfost posted on X platform, stating that the average monthly BTC deposit volume to Binance from retail investors (addresses holding less than 1 BTC) has hit an all-time low, currently only 314 BTC. This metric was around 1,800 BTC during the bear market phase of the current cycle and around 1,200 BTC during the peak of the first round in March 2024. For comparison, retail inflow peaked at 5,400 BTC in 2018 and 2,600 BTC in 2021. In January 2024, the figure was still around 1,000 BTC, representing a decrease of more than three times in two years. Darkfost noted that retail participation continues to decline, with some investors likely exiting the market or shifting to indirect holdings like spot BTC ETFs.
Bank of America Increases Stake in Strategy to $664 Million, Now Holds 3.96 Million Shares
Odaily Planet Daily News Bank of America disclosed an increase of 117,374 shares in Strategy, worth $19.6 million. It now holds a total of 3.96 million shares of Strategy, valued at $664 million. (BitcoinTreasuries.NET)
Trump Family's Bitcoin Mining Company American Bitcoin Holdings Surpass 7,500 BTC
Odaily Planet Daily News Eric Trump, the second son of Donald Trump, announced on X platform that American Bitcoin's current bitcoin holdings have exceeded 7,500 BTC, making it the 15th largest publicly listed bitcoin treasury company globally. Additionally, the company currently has approximately 90,000 mining machines online, more than doubling since its initial Nasdaq listing. Eric Trump added that American Bitcoin achieved this growth in just 8 months and stated the next goal is to surpass Block in bitcoin holdings.
Project News
Canaan Inc. Q1 Revenue $62.7 Million, Expects Q2 Revenue Between $35M and $45M
Odaily Planet Daily News According to a Canaan Inc. announcement, the company's Q1 2026 revenue was $62.7 million, in line with previous guidance; net loss was $88.7 million. As of March 31, the company held 1,807.6 BTC and 3,951.53 ETH. The total installed hashrate for its co-mining projects reached 11 EH/s, producing 257 BTC in the quarter. During the same period, the company acquired a 49% interest in Cipher Mining's Texas ABC Project, adding approximately 4.4 EH/s of operational capacity, and advanced a Nordic "hashrate-to-heat" project, planning to deploy an 8MW water-cooled miner infrastructure. Canaan expects Q2 2026 revenue to be between $35 million and $45 million.
Kelp: Key Progress in rsETH Recovery; Multiple DeFi Protocols Liquidate Attacker's Positions
Odaily Planet Daily News Kelp posted on X platform, stating that it has coordinated with multiple DeFi protocols to liquidate the attacker's positions, achieving key progress in the rsETH recovery process. Notably: Compound participated in multiple coordinated efforts over the past four weeks, providing support of approximately 3,000 ETH, and jointly completed liquidations with Aave, recovering a total of approximately 17,426.20 rsETH. Euler Finance liquidated the attacker's positions within its own protocol and plans to return excess ETH to the DeFi ecosystem fund.
Zcash Foundation Held $36.69 Million in Liquid Assets at End of Q1
Odaily Planet Daily News The Zcash Foundation disclosed that as of the end of Q1, it held approximately $36.69 million in liquid assets, including about $21 million in ZEC, $12.6 million in cash and USDC, and small amounts of Bitcoin and ETH.
Q1 operating expenses were approximately $817,000, with team compensation being the largest expense item. Overall, the Zcash Foundation's recent quarterly spending has remained below $1 million, reflecting a relatively disciplined financial structure.
This contrasts with the large-scale incentive and marketing spending of some other crypto foundations. For example, the Uniswap Foundation previously set aside over $100 million for grants and incentive programs, and the Polkadot Foundation has also faced criticism for high marketing expenditures.
Echo Protocol: Team Successfully Regained Control of Admin Keys, Destroyed Remaining 955 eBTC Held by Attacker
Odaily Planet Daily News Echo Protocol posted on X platform, stating it detected unauthorized activity involving eBTC on the Monad network, leading to unauthorized minting and related fund losses. Investigation suggests the incident stemmed from compromised admin keys affecting the Monad deployment. Based on current findings, approximately $816,000 in funds on the Monad network were affected. The Monad network itself was not compromised and is operating normally.
Since detecting the incident, Echo Protocol has been actively investigating potential cross-chain exposure, coordinating with ecosystem partners, and implementing additional preventative measures. The team successfully regained control of the admin keys and destroyed the remaining 955 eBTC held by the attacker.
Previously, Echo Protocol confirmed a security incident on its Monad bridge, and cross-chain transactions were paused.
Lido: Swellchain to Shut Down on June 15; Users Must Withdraw wstETH Assets
Odaily Planet Daily News Lido reminded users on X platform that with Swellchain ceasing operations soon, users must complete the withdrawal of wstETH assets from the chain by June 15, 2026. After this date, Swellchain will be permanently shut down, and any wstETH remaining on the chain may be unrecoverable. Lido urges users to migrate their assets promptly to avoid potential losses.
Aster Launches Listing Vote Mechanism: First Vote Involves BTC and ETH Perpetual Contracts
Odaily Planet Daily News Aster announced the launch of a new Listing Vote mechanism on X platform, enabling a permissionless listing process. According to the rules, any validator staking at least 20 million ASTER on the Aster Chain can submit a proposal to list a new asset. The proposal then enters an on-chain vote, with the outcome determined by the weight of staked ASTER.
The first set of proposals was submitted by UTechStables, involving BTC/U and ETH/U perpetual contract trading pairs. This voting round will continue until 06:00 UTC on May 22.
Fundraising
Zerohash Seeks New Funding Round at Over $1.5 Billion Valuation
Odaily Planet Daily News Zerohash is seeking a new funding round at a valuation exceeding $1.5 billion.
Founded in 2017, the company provides APIs and embedded development tools for financial institutions and fintech companies. It operates in 190 countries, serving over 5 million users, with clients including Morgan Stanley, Interactive Brokers, Stripe, BlackRock's BUIDL fund, Franklin Templeton, and DraftKings.
Hut 8 Invests $16 Million to Expand Water System Supporting AI Data Center
Odaily Planet Daily
