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CryptoQuant: Bitcoin Spot Demand Continues to Shrink; Leveraged Long Positions Exacerbate Market Fragility

CryptoQuant analyst MorenoDV_ pointed out that Bitcoin’s recent price action shows a dangerous divergence: Binance taker buy volume has been declining continuously, hitting a multi-month low—indicating a clear weakening in active buying demand. At the same time, Binance’s funding rate has rebounded into positive territory, suggesting traders are adding long positions via leverage. Historically, rising funding rates alongside shrinking spot demand often signal the market’s entry into a late-stage speculative phase—leverage-driven rallies lacking support from underlying spot capital are structurally fragile. If buying pressure fails to recover meaningfully, the current rise in funding rates may reflect latent risk rather than underlying market strength.

A whale has withdrawn 2,872 ZEC from Binance, now holding 14,500 ZEC with an unrealized profit of $3.367 million

According to Onchain Lens monitoring, a whale has withdrawn 2,872 ZEC (worth $1.66 million) from Binance. The whale currently holds 14,500 ZEC (worth $8.35 million), with an unrealized profit of $3.367 million.

A certain address withdrew 7,000 ETH from Binance an hour ago, worth $14.5 million

according to on-chain analyst Ai Yi's monitoring, a certain address withdrew a total of 7,000 ETH from Binance an hour ago, worth $14.5 million, with an average withdrawal price of $2,072; over the past two weeks, the address has transferred 4 million USDT to Binance in batches.

Binance to Support Base Network Upgrade and Hard Fork; Deposits and Withdrawals Temporarily Suspended

According to the official announcement, Binance will suspend token deposits and withdrawals on the Base network starting at 01:00 on May 29, 2026, to support its network upgrade and hard fork. Token trading on the Base network will remain unaffected. The project team plans to carry out the network upgrade and hard fork at 02:00 on May 29, 2026.

ESPORTS Spot and Binance Futures Contracts Showed a 45% Price Spread; Funding Rate Turned Negative

According to on-chain analyst Ai Aunt (@ai9684xtpa), the on-chain price of ESPORTS temporarily diverged from Binance’s perpetual contract price by as much as 45%, with a negative funding rate. The current on-chain spot price stands at approximately $0.04072, while Binance’s perpetual contract price is around $0.0492—still reflecting a 20.8% price gap. Reports indicate that Gate, MEXC, and Bitget have suspended token deposits, preventing effective arbitrage from narrowing the price gap between on-chain markets and centralized exchanges, thereby further impacting the performance of Binance’s perpetual contract price index.

ESPORTS-related address sold 253 million tokens in 11 hours, cashing out 17.29 million USDT

according to monitoring by crypto analyst Ember (@EmberCN), over the past 11 hours, a set of addresses associated with the ESPORTS project team has been continuously selling tokens on-chain, cumulatively dumping 253 million ESPORTS tokens, accounting for 28% of the total token supply.Data shows that these ESPORTS tokens were first swapped for approximately 26,000 BNB, and then further converted into 17.29 million USDT. Impacted by the continuous sell-off, the price of ESPORTS has already dropped approximately 95% from its highs, falling from $0.7 to around $0.035.

A whale deposited 17.566 million ENA tokens into Wintermute, incurring a loss of $3.6 million

that, according to Onchain Lens monitoring, a whale deposited 17.566 million ENA tokens, worth $1.78 million, into Wintermute. The whale had previously withdrawn these ENA tokens from Wintermute and Binance at a cost of $5.38 million, resulting in a loss of $3.6 million from this transaction.

ESPORTS project-associated addresses dumped 178 million tokens, causing the token price to drop over 90% in 2 hours

According to on-chain analyst Ember's monitoring, multiple addresses associated with the ESPORTS project dumped ESPORTS tokens on the BSC chain. Starting at 18:18, these addresses sold 178 million ESPORTS tokens, exchanging them for 19,049 BNB (valued at $12.76 million). This action caused ESPORTS to drop over 90% in the last 2 hours.

B.AI × BNB Chain: $100 Million Subsidy Carnival Begins—Extra $8,000 Prize Pool Up for Grabs

The Underlying Economic Engine of the AI Agent Era: B.AI and BNB Chain Officially Launch a $100 Million AI Token Subsidy Campaign. The official team has simultaneously rolled out a special bonus, adding an extra $8,000 joint prize pool! This initiative empowers users to experience top-tier AI services at extremely low cost. The campaign runs until June 8. This event features four tiers of benefits: 1. New users receive 500,000 Credits instantly upon first login. 2. Deposit $10 or more via BNB Chain to trigger a 1:1 matching bonus (deposit any amount, get the same amount in Credits—up to $100 worth of Credits per user). The daily subsidy pool totals $10,000. Additionally, users receive a direct $5 BNB Chain official subsidy (first-come, first-served). 3. A Credits Consumption Contest is launched concurrently, with $3,000 worth of Credits up for grabs. The “Milestone Rush Leaderboard” phase officially begins once 500 users complete deposits. It features three consumption tiers: Entry-level (20 million Credits), Advanced (60 million Credits), and Expert (200 million Credits), awarding evenly split prize pools of $1,000, $500, and $500 respectively. 4. The “Ultimate Leaderboard” phase kicks off once 30 users reach the Expert tier. The Top 10 participants will share an additional $1,000 prize pool. All rewards from the Credits Consumption Contest are distributed in Credits equivalent to their USD value.

Trend Research Reduces UNI and COMP Positions, Realizing ~$23.5 Million in Unrealized Losses

According to on-chain analyst Yu Jin (@EmberCN), Trend Research—a secondary investment firm under Jackyi—recently transferred 2.705 million $UNI (approximately $9.23 million) and 114,000 $COMP (approximately $2.31 million) to Binance, completing a partial liquidation. These tokens were originally withdrawn from Binance in July last year, with average acquisition costs of approximately $9.5 for UNI and $49.3 for COMP. The current prices stand at $3.36 for UNI and $19.23 for COMP, resulting in an unrealized loss of roughly $23.5 million from this transaction.

Trend Research: Associated address suspected of dumping $11.53 million worth of UNI and COMP; if sold, would incur a loss of $19.87 million

According to on-chain analyst Ai Aunt (@ai9684xtpa), Trend Research (@Trend_Research_) is suspected of transferring UNI and COMP tokens worth a total of $11.53 million. Within the past 20 minutes, the address 0xfa9…FEB58 transferred 2.7 million UNI and 114,000 COMP to IOSG Ventures’ Binance deposit address; the purpose remains unclear. This marks the institution’s first such activity in one month. Notably, the UNI was accumulated in July 2025 at a price of $9.52 per token—selling it now would result in a loss of $16.54 million. The COMP was acquired at $49.34 per token, and selling it now would incur a loss of $3.33 million.

Two wallet addresses withdrew 111 million SAHARA tokens from Binance and Bitget, accounting for 3.4% of the circulating supply.

According to on-chain analyst Yujin (@EmberCN), 7 hours ago, two wallet addresses withdrew 111 million SAHARA tokens from Binance and Bitget, valued at approximately $3.81 million—representing 3.4% of SAHARA’s circulating supply. Notably, SAHARA announced the launch of its staking functionality three days ago.

Binance Lists Genius Terminal (GENIUS) and OpenGradient (OPG) with Seed Label

According to Binance’s official announcement, Binance has listed Genius Terminal (GENIUS) and OpenGradient (OPG) on May 22, 2026, at 11:00 AM UTC, enabling six spot trading pairs: GENIUS/USDT, GENIUS/USDC, GENIUS/TRY, OPG/USDT, OPG/USDC, and OPG/TRY. Withdrawals will be enabled the following day at the same time.

Shorting ZEC and HYPE, a Binance Futures Smart Money Trader Tops the 24-Hour Loss Chart

according to on-chain analyst Ai Yi's monitoring, a smart money trader on Binance Futures is facing a floating loss of $1.975 million, ranking first on the 24-hour loss chart.Among them, the ZEC short position has a floating loss of $1.15 million, with an opening price of $410.66; the HYPE short position has a floating loss of $789,000, with an opening price of $42.49; the BTC short position has a floating loss of $158,000, with an opening price of $76,399; the ETH short position is showing a floating profit of $124,000, with an opening price of $2,232.28.

B.AI Adds Support for HTX and WBTC Deposits, Marking Another Major Upgrade to Its Multi-Chain Payment Ecosystem

B.AI, a cutting-edge financial infrastructure platform for the AI era, has officially launched deposit functionality for $HTX and $WBTC. Following this upgrade, users can now perform seamless operations via TRON, Ethereum (supporting WBTC and HTX), and BNB Chain (supporting HTX). B.AI’s ecosystem now fully covers eight major public blockchains—TRON, BNB Chain, Ethereum, Base, Arbitrum, Optimism, Polygon, and Solana—and supports up to 15 core crypto assets. B.AI remains committed to breaking down cross-chain asset barriers, enabling users—regardless of their preferred network or asset—to enjoy lightning-fast, secure, and frictionless account and payment experiences.

A newly created wallet withdrew 11,827 ZEC, valued at approximately $7.96 million.

According to on-chain analytics platform Lookonchain (@lookonchain), a newly created wallet (t3TFwP) has just withdrawn 11,827 ZEC (currently priced at $669.21) from Binance, valued at approximately $7.96 million.

“1011 Insider Whale”’s Agent Opens $59.11 Million BTC Long Position, Liquidation Price at $62,656

Odaily reports, according to Lookonchain monitoring, the agent Garrett Jin (#BitcoinOG1011short) of the “1011 insider whale” has deposited 39.5 million USDC to Binance. Subsequently, through a new wallet 0x92ea, it withdrew 40 million USDC from Binance and deposited 10 million USDC into Hyperliquid.Subsequently, it opened a 504.4 BTC long position on Hyperliquid with 5x leverage, with a position value of approximately $59.11 million and a liquidation price of $62,626.49. Additionally, it purchased 42,524 HYPE, worth approximately $2.33 million.

“1011 Insider Whale” agent deposits $10 million USDC into Hyperliquid to purchase HYPE

According to MLM monitoring, “1011 Insider Whale” agent Garrett Jin withdrew 40 million USDC from Binance 10 hours ago and has just deposited 10 million USDC into Hyperliquid to purchase HYPE.

Bitget Wallet's mascot MOEW partners with RealGo to launch a limited-time airdrop event with over $5,000 in rewards

Bitget Wallet has announced its official mascot MOEW has joined the AR gaming platform RealGo in the form of an AI Agent. Users can interact directly with MOEW through AI conversations within the RealGo app.As part of this collaboration, the two parties have jointly launched two events: A regional task campaign will go live on May 20 at 18:00 Beijing Time and last for 7 days. Users who complete related social tasks and hold $10 worth of MOEW can share a prize pool of 2 million RealGo game points and a Harvest Pet of 5 BNB. Starting May 27, an airdrop event will be available. Users who connect Bitget Wallet within RealGo and withdraw tokens to their wallet address can split a MOEW reward pool valued at $5,000, distributed on a first-come, first-served basis.

Binance will perform wallet maintenance on the Ethereum network (ETH).

According to the official announcement, Binance will perform wallet maintenance on the Ethereum network (ETH) on May 21, 2026, at 14:00 (UTC+8). To support this maintenance, Binance will suspend ETH deposits and withdrawals on the Ethereum network starting at 13:55 (UTC+8) on May 21, 2026. The maintenance is expected to last approximately one hour, after which deposits and withdrawals will resume automatically.