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According to BlockBeats news, on May 21st, Bitwise CEO Hunter Horsley issued an article stating, "A new category is emerging in the crypto industry - "revenue chains", with Hyperliquid and Solana being the current leaders. He believes that the two have some overlap, but also have different characteristics, and both have strong communities, usage scenarios and user bases. It said that the two may benefit from the structural growth of mobile Internet together in the future, just like iOS and Android. Horsley pointed out that for "revenue-based public chains", they are benefiting from the chain trend in the capital market. Therefore, whether supporting HYPE, SOL, or both, what really matters is not the competition with each other, but the overall rise of the on-chain capital market. He said, "Support the chain in the capital market. It's great to see the crypto industry succeed."

According to BlockBeats news on May 21, according to Coinglass data, the Coinbase Bitcoin Premium Index has been at a negative premium for 6 consecutive days, temporarily reported at -0.0919%, and the continuous outflow of Bitcoin spot ETFs highlights the weak purchasing power in the US market. The Coinbase Bitcoin Premium Index measures the difference between the price of Bitcoin on Coinbase relative to the average price of the global market, and the negative premium usually reflects greater selling pressure in the US market, declining investor risk appetite, and rising risk aversion or capital outflows.

BlockBeats reports that on May 21, the Build X-Agent Hackathon hosted by X-Agent successfully concluded at the global tech Burning Man festival Mushanghai. 7 days, millions of exposures, 70+ project submissions. After 24 hours and three rounds of evaluation, a total of five projects stood out. The award-winning projects cover multiple application directions, including AI trading signals and copy trading, on-chain alpha analysis and risk control execution, Web3 gaming and asset interaction, market prediction, and AI-driven wealth and life planning, demonstrating the diverse application potential of "AI Agent + Web3." The X-Agent community leader stated that the participation in this hackathon was far more popular than expected, and the entries proved that "when a tool is simple enough, creativity knows no boundaries." X-Agent is the first agile engine to transform human intent into a functional AI Agent, adhering to the product philosophy of "Speak to Build, Share to Connect," dedicated to enabling users to build and share their AI applications through natural language. The official team will contact winners within 48 hours after the winners are announced to complete address and personal information verification

BlockBeats reported that on May 21, according to CertiK monitoring, attackers from the cross-chain aggregation protocol Transit Finance deposited 832.9 ETH into Tornado Cash, worth approximately $1.8 million.

BlockBeats reported that on May 21, Glassnode reported that Bitcoin has reclaimed the true market average at $78,300, but has failed to hold above that level for long. Historical cycles suggest that consolidation may take weeks to months before confirming a credible bull market shift. The 30-day moving average's realized P/L ratio rose from 0.4 in February to 1.8 during the rebound, indicating demand is insufficient to absorb the profit-taking wave. This indicator needs to stay above 2 to signal a true revival of buyer strength. The 30-day cost baseline at $78,200 has shifted from support to resistance above, while the cost baseline formed by the accumulation group from February to April ($71,400) is currently the most direct support level in the current pullback. The internal structure of the spot market has weakened in recent weeks, with the cumulative volume spread (CVD) remaining negative overall, and Coinbase activity continues to lag. This indicates that despite occasional offshore speculative demand, U.S. institutions' spot participation remains relatively weak. CME futures open interest continues to rebound with prices, indicating that institutional participation in the derivatives market is improving while overall spot demand remains indecisive near the current range high. The recent slowdown in the accumulation of U.S. spot ETFs further indicates that positions are increasingly driven by futures activity. Implied volatility is rising from its lows, mainly concentrated in short-term contracts, while long-term expectations remain stable. Realized volatility continues to decline, and volatility risk premiums have expanded, making hedging protection costs relatively controllable. Options positions remain defensive. The skewness indicator shows a renewed need for downside protection, while the negative gamma range near $75,000 makes spot prices vulnerable to amplified hedging flows and increased price volatility. BlockBeats Note: "True Market Mean Price" (TMMP) is an important metric in Bitcoin on-chain analysis, also known as "Active-Investor Price." Essentially, it reflects the average price at which Bitcoin is actively circulating in the market (i.e., coins actually bought or transferred between investors).

According to BlockBeats news, on May 21, according to official news, Binance will launch SpaceX (SPCX) Pre-IPO perpetual contract trading at 12:45 Beijing time on May 21, supporting up to 5x leverage.

According to BlockBeats news, on May 21, the market began to re-accept the reality that "high interest rates may be extended again or even raised again". The latest FOMC minutes show that the consensus within the Fed on maintaining the easing bias has loosened rapidly, and many officials have begun to believe that if inflation continues to be above target, a re-tightening of policy is not ruled out. The market has also adjusted its expectations, and federal funds rate futures have begun to price in the possibility of another rate hike before the end of the year. The core reason behind this is still the continuous impact of the war in the Middle East on energy and global supply chains. Although Trump said that the US-Iran negotiations are nearing the final stage, the difference between the United States and Israel on "whether to continue to attack Iran" is widening. Trump prefers to end the conflict with an agreement, while Netanyahu still wants to further weaken Iran's military and nuclear capabilities. The market is worried that even if the negotiations are short-lived, as long as the Strait of Hormuz cannot fully resume normal operations, oil prices and shipping risks will not really cool down. At the same time, the U.S. energy market itself has begun to experience structural pressure. U.S. gasoline inventories are rapidly declining due to a large shift from refineries to high-profit aviation kerosene production, and energy costs have gradually been transmitted from the crude oil side to end consumption and financial markets. This is also one of the important reasons why long-term U.S. Treasury yields have continued to rise recently, indicating that the market has begun to reprice the risk that "high energy prices + high interest rates" may coexist for a long time. In the crypto market, BTC remains volatile at a high level in the short term, but it is currently clearly dominated by macro interest rates and risk sentiment. From the liquidation heatmap, there is a lot of short liquidity around $78,000 to $78,300, and the market is still testing the pressure of short orders above; While the lower level of $75,400 to $75,800 is the main long liquidation zone. At this stage, BTC is not only a crypto asset, but also gradually becoming a synchronous observation indicator of global liquidity and risk appetite, and if the situation in the Middle East or US Treasury yields get out of control again, market volatility may quickly amplify.

BlockBeats reported that on May 21, according to Coinglass data, as Bitcoin slightly strengthened, the current mainstream CEX and DEX funding rates show a clear shift to bearish sentiment. The specific funding rates are shown in the attached chart. Note: The funding rate is set by cryptocurrency trading platforms to maintain a balance between the contract price and the underlying asset price, and it is usually applied to perpetual contracts. It is a fund exchange mechanism between long and short traders; the trading platform does not charge this fee, used to adjust the cost or profit of holding the contract so that the contract price closely matches the underlying asset price. When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate exceeds 0.01%, it indicates a generally bullish market view. When the funding rate is below 0.005%, it indicates a generally bearish market.

BlockBeats reported on May 21 and Yonhap News Agency that Samsung Electronics' shareholder group stated that the salary agreement reached with the union is invalid and will apply for an injunction if approved.

BlockBeats reported on May 21 that according to The Information, the White House briefly briefed Anthropic, OpenAI, and other companies on Tuesday on a voluntary "pre-release model evaluation" program. A framework from the U.S. government requires AI labs to share models up to 90 days before release; The government may sign an executive order as early as Thursday to establish the framework.

According to BlockBeats news on May 21, according to people familiar with the matter, US President Trump will issue an executive order aimed at strengthening artificial intelligence network security as early as Thursday and has invited technology industry leaders to attend the signing event. The order, which Trump is expected to sign, will modify existing cybersecurity information-sharing programs to include AI companies, but will not mandate the federal government to approve cutting-edge models. Instead, the order would call on the government to conduct voluntary testing of cutting-edge AI systems to find and patch vulnerabilities in federal, state, and local networks and U.S. critical infrastructure without the need for extensive new regulations. Invitations have been sent to several tech industry executives to attend the signing ceremony at the White House on Thursday, but it is unclear who will attend, people familiar with the matter said.

BlockBeats reports that on May 21, according to HTX market data, HYPE rose to $56.2, and Hyperliquid's fully diluted valuation (FDV) reached $54.107 billion, surpassing Solana's $54.082 billion FDV.

BlockBeats reported on May 21 that according to official sources, Sui announced the launch of a "gas-free stablecoin transfer" feature, allowing users and businesses to conduct peer-to-peer stablecoin transfers on the network without paying gas fees or holding additional SUI token balances. This means that on the Sui network, stablecoin transfer fees have officially dropped to $0. This feature is powered by Fireblocks and has been gradually rolled out on the Sui mainnet. This upgrade supports a variety of stablecoins, including USDsui, SuiUSDe, AUSD, FDUSD, USDB, USDC, and USDY. Adeniyi Abiodun, co-founder of Sui and CPO of Mysten Labs, stated that stablecoins are becoming the core infrastructure of global finance, but users still need to manage gas tokens separately, increasing usage complexity. The Gas-Free Transfer feature will remove this barrier, making on-chain payments simpler, more predictable, and easier to adopt. This feature is based on the new account balance system Address Balances, launched simultaneously with Sui, which simplifies on-chain fund storage and transfer processes while maintaining high performance and scalability. Since August 2025, the total amount of stablecoin transfers on the Sui network has surpassed $1 trillion. The official statement stated that this upgrade will further promote Sui as the core stablecoin infrastructure for enterprise payments, fintech, and AI Agent automated payment scenarios.

BlockBeats reported that on May 21, according to Bitget market data, the Nikkei 225 opened up 617.06 points, a 1.03% increase, closing at 60,421.47 points. On Thursday, May 21, South Korea's KOSPI index opened up 277.63 points, a gain of 3.85%, closing at 7,486.58 points.

According to BlockBeats news on May 21, according to Onchain Lens monitoring, an address starting with "8qBMv" received 88,004 SOL (about $7.56 million) from FalconX and subsequently transferred it to another wallet. An address starting with "ECgwn" received 24,560 SOL (about $2.11 million) from Binance and used it for staking.

BlockBeats reported that on May 21, SpaceX stated in its S-1 registration statement submitted to the U.S. Securities and Exchange Commission (SEC) that it will allow a phased early unlocking of shares before the expiration of the 180-day lock-up period, with the timing linked to company earnings, stock price, and timing points. On January 13, 2026, the board approved granting Musk 1 billion performance-based Class B common stock restricted shares. Today's report states that SpaceX has officially submitted its IPO application, with Musk retaining 85.1% of the voting rights.

Odaily Planet Daily reports: According to Chainalysis monitoring, tax evaders are turning to digital methods such as Bitcoin Ordinals and BRC-20 tokens, attempting to hide assets from tax authorities. Italian authorities recently cracked a tax evasion case, where a person was suspected of using Bitcoin Ordinals and BRC-20 token standards to generate and hide 1 million euros, approximately 1.1 million US dollars, in undeclared capital gains. The suspect used the Ordinals protocol and BRC-20 standard to create tokens, then sent them out and listed them on the market, selling assets at several times the original cost, transferring profits back to their main wallets in Bitcoin, and continuously reinvesting the proceeds into new inscriptions. Chainalysis points out that using cryptocurrency for tax evasion has fatal flaws, and the inherent transparency of blockchain leaves a permanent and immutable mark. （cointelegraph）

According to Bijie.com, Hermes Agent has introduced a skill bundles mechanism, allowing developers to aggregate multiple independent skill configurations into a single ~/.hermes/skill-bundles/.yaml file, enabling cross-team sharing or unified management through the dotfiles repository. The system has added the Hermes Bundles create interactive command for rapid configuration construction, and simultaneously includes the list, show, delete, and reload series of commands. Official optional skills now use a hierarchical identifier specification similar to official/security/1password.

According to Bijie.com, Takeshi Minami, an economist at the Norinchukin Research Institute, stated that if the Middle East conflict continues, even if Japan's crude oil supply is guaranteed until early 2027, it will be difficult for Japan's economy to decline. He pointed out that this conflict could trigger adverse effects through multiple channels, including economic contraction in emerging market economies and a sharp rise in inflationary pressures. Japan has ample oil reserves and is also working to secure oil imports through routes that do not pass through the Strait of Hormuz.