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According to Cointelegraph, cryptocurrency analysts are divided on whether Bitcoin will reenact its historical “Sell in May” pattern in 2026. In the two midterm election years—2018 and 2022—Bitcoin experienced sharp declines in May, falling approximately 30% and 70%, respectively. Analyst Merlijn Enkelaar warned that this historical pattern could repeat, with Bitcoin potentially dropping to $33,000. Joao Wedson, CEO of Alphractal, also noted that if Bitcoin remains persistently below $78,000, the likelihood of a new capitulation phase increases. However, Jeff Ko, Chief Analyst at CoinEx, argued that past crashes stemmed from specific shocks—including the Mt. Gox incident, China’s ICO regulations, the Federal Reserve’s monetary tightening, and the collapses of Terra and FTX—not from calendar-based seasonality. He added that the launch of spot ETFs, corporate treasury allocations, and progress on the CLARITY Act have significantly broadened the institutional buyer base, making a 70–80% deep correction unlikely this cycle. Analyst Michaël van de Poppe highlighted $76,000 as the current critical support level; failure to hold it would likely trigger further downside pressure.
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)
Thai authorities recently conducted a surprise raid on a suspected illegal Bitcoin mining operation. Abnormally high electricity consumption caused overheating and melting of cables in nearby buildings, prompting law enforcement to carry out a raid on a four-story commercial building. The investigation revealed that the facility allegedly tapped into the main power grid without authorization to supply electricity to multiple Bitcoin mining rigs on the fourth floor, resulting in an estimated electricity loss exceeding $80,000—while its registered monthly electricity bill was only around $11. Police have seized the mining equipment and are conducting further investigations into those involved.
According to the <i>Nikkei</i>, SBI Securities and Rakuten Securities plan to launch cryptocurrency investment trusts. Meanwhile, several major brokerages—including Nomura Securities—have stated they will consider following suit once the regulatory framework is established. A <i>Nikkei</i> survey of 18 major brokerages found that 11 indicated they would consider offering such products after regulations are finalized. SBI Securities plans to sell funds developed by its subsidiary SBI Global Asset Management, covering ETFs and investment trusts focused on highly liquid cryptocurrencies such as Bitcoin and Ethereum; the entire process—from product development to distribution—will be handled internally within the SBI Group. Similarly, Rakuten Securities plans to jointly develop its own products with group members including Rakuten Investment Management, aiming to enable trading of cryptocurrency investment trusts via smartphone apps.
According to a research report released by Binance Research, approximately 11% of illicit cryptocurrency transaction volume was seized in 2025—55 times the global fiat recovery rate (less than 1%). Even after excluding the single Prince Group case involving roughly $15 billion worth of BTC, the remaining seized amount still stands at about 10 times the fiat baseline. Data from on-chain security firms SlowMist and PeckShield shows that between 8.3% and 13.2% of stolen funds were recovered or frozen in 2025, reflecting continuously improving collaboration efficiency among exchanges, stablecoin issuers, and law enforcement agencies. Binance Research notes that blockchain’s inherent transparency is being fully leveraged by regulators and investigators, and the notion that “cryptocurrency is a breeding ground for illicit activity” is gradually becoming an outdated misconception.
According to Russian financial media RBK, the Moscow Exchange is in discussions with multiple brokers regarding cryptocurrency trading solutions. It is currently testing a 7×24全天候 trading model and digital asset deposit/withdrawal functionality, and plans to launch dedicated cryptocurrency accounts. However, due to constraints imposed by the clearing system’s operating hours, round-the-clock trading is unlikely to be implemented in the short term. Meanwhile, Russia’s “Digital Currency and Digital Rights Bill” has passed its first reading. The bill stipulates that Russian citizens may only purchase cryptocurrencies through licensed intermediaries, and that listed cryptocurrencies must meet stringent criteria—including an average market capitalization exceeding 5 trillion rubles over the past two years, an average daily trading volume exceeding 1 trillion rubles, and a trading history of at least five years. In practice, only major cryptocurrencies such as Bitcoin, Ethereum, and Solana meet these requirements.
Bitcoin slumped shortly after the US stock market opened, briefly breaking below the $79,000 mark, with a daily decline of approximately 3%, trading near its lowest level since May. Market consensus suggests this pullback is closely linked to the sell-off in risk assets triggered by a surge in US Treasury yields.Data shows that the yield on the 10-year US Treasury note rose above 4.55%, reaching its highest level in nearly a year, fueling concerns over tightening liquidity and a reassessment of risk assets. Analysts point out that this level previously triggered adjustments in US stocks and policy expectations last year, and is now once again serving as a key pressure signal.Trading firm The Kobeissi Letter stated that the "panic-driven rally" in the bond market is intensifying, with expectations for prolonged high interest rates growing. The market has begun pricing in the possibility of further rate hikes in the future, quickly cooling the previous "euphoria" in risk assets.From a technical perspective, analysts believe that after encountering multiple rejections from resistance above $82,000, Bitcoin's support structure is weakening. In the short term, it may retest the $75,000–$77,000 range, as the market enters a phase of range-bound trading and directional selection. (Cointelegraph)
According to Odaily, Bitcoin's price is hovering around $80,350, up a slight 0.8% in the short term, facing sustained pressure after multiple failed attempts to break through the $82,000 resistance level. This zone is considered a confluence of resistance from the ETF cost basis, the 200-day moving average, and the CME gap fill area.Although the US CLARITY Act has passed the Senate Banking Committee, bringing positive expectations for crypto regulation, institutional capital continues to withdraw. Data shows that the 7-day average net outflow from US spot Bitcoin ETFs has fallen to -$88 million per day, the largest outflow scale since mid-February. Analysts suggest this selling pressure is more driven by "profit-taking" than panic selling.On the macro front, rising US Treasury yields are a core source of pressure. The yield on the 10-year US Treasury note has climbed to approximately 4.52%, a 10-month high. Meanwhile, the April CPI rose 3.8% year-over-year, the highest level in three years, further pushing back market expectations for a Fed rate cut. Analysts point out that geopolitical conflicts are driving up energy prices, exacerbating inflationary pressures, thereby weakening the appeal of risk assets.From an institutional perspective, some analysts believe the current ETF outflows represent portfolio rebalancing rather than a structural retreat. The options market indicates significant resistance for Bitcoin in the $82,000-$84,000 range, while $77,000 stands as a key support level. If the price breaks below this zone without a cooling of leverage, the market could enter a deleveraging phase, increasing the risk of a correction. (Decrypt)
on-chain detective ZachXBT stated that the hacker "Dritan Kapplani Jr" transferred approximately $2.59 million in assets today, including 1.99 million DAI and 259 ETH. The funds were moved from address 0x4487...bba6 to address 0x67ec...125d. The stolen funds currently remain dormant.ZachXBT stated that on May 12, they published an investigation detailing the connection between Dritan Kapplani Jr and Trenton (Trent) Johnson in a social engineering theft involving 185 Bitcoin (approximately $13 million).
Gemini, the crypto exchange founded by the Winklevoss twins, saw its stock price surge over 25% in pre-market trading after releasing its Q1 2026 financial results. The report showed the company's quarterly revenue increased 42% year-over-year to $50.3 million, while its net loss narrowed 27% year-over-year to $109 million. However, this still exceeded the market's expected loss per share of $0.61.The report indicates that Gemini's operating expenses rose 73% year-over-year to $144.5 million. Within this, employee compensation costs increased by 91% and included approximately $6.5 million in severance expenses. Sales and marketing spending also doubled year-over-year to $19.1 million. The company stated it is currently pushing forward with a business transformation via layoffs, business contraction, and a $100 million Bitcoin capital injection from the Winklevoss Capital Fund, as it seeks to achieve profitability.In February of this year, Gemini closed its operations in the UK, the EU, and Australia, and cut approximately 25% of its workforce to refocus on the US market and prediction market business. In April, the company received approval from the U.S. Commodity Futures Trading Commission for a Derivatives Clearing Organization (DCO) license, officially entering the crypto prediction market space. Bolstered by these developments, the company's stock has been rebounding recently, currently trading above $6.60. (CoinDesk)
According to Cryptopolitan, U.S. Senator Cynthia Lummis told CNBC in an interview that large banks are attempting to block legislation aimed at clarifying cryptocurrency regulation because they cannot compete with the crypto industry. She emphasized that Bitcoin’s adoption is unstoppable: “This will become the financial system of the future.”
CoinShares tweeted that the cryptocurrency market saw a net outflow of $920 million this week. In the short term, macroeconomic headwinds continue to dominate: PPI data came in higher than expected, U.S.-Iran tensions pushed oil prices higher, and the Federal Reserve’s room for rate cuts is constrained—Bitcoin fell 1.4% this week. Meanwhile, the U.S. Senate Banking Committee passed the Clarity Act by a vote of 15–9, bringing long-term regulatory direction into sharper focus. CoinShares noted that the market is currently caught in a tug-of-war between short-term macro pressures and long-term regulatory tailwinds.
The regulatory environment for the crypto industry continues to improve, but macro interest rate risks are dampening market sentiment. The US CLARITY Act has passed the Senate Banking Committee with a 15:9 vote, moving closer to a full Senate vote. The market expects that this bill could provide a clearer regulatory framework for tokenization, stablecoins, and smart contract platforms, potentially accelerating institutional capital inflow.Kavi Jain, Senior Research Associate at Bitwise, stated that the progress of the CLARITY Act is a significant milestone for US digital asset regulation. It is expected to particularly benefit smart contract platforms like Ethereum and Solana, and drive growth in institutional activities related to stablecoins, tokenized funds, and on-chain capital markets.However, the macro environment continues to exert pressure on the crypto market. US April inflation data came in higher than expected, driven primarily by rising energy prices. The market is now even beginning to price in the possibility of another rate hike by the Federal Reserve before April 2027. Meanwhile, the US 30-year Treasury yield has reached 5% for the first time since 2007, indicating growing market concern over long-term inflation risks. Analysts suggest that in a high-interest-rate environment, the appeal of high-risk assets, including Bitcoin, may be suppressed. (CoinDesk)
According to analyst [email protected] (@BTC__options), the options expiry data for May 15 is as follows: For BTC, 25,000 contracts expired, with a Put-Call Ratio of 0.59, a maximum pain point at $80,000, and a notional value of $2 billion. For ETH, 274,000 contracts expired, with a Put-Call Ratio of 0.4, a maximum pain point at $2,300, and a notional value of $620 million. This week, Bitcoin traded sideways near $80,000, exhibiting clear technical support; market attention remained low, with only 6% of BTC options expiring, versus 11% for ETH. BTC’s key-term implied volatility (IV) stood at approximately 35%, while ETH’s was around 50%. Skew has fluctuated minimally over the past month, reflecting neutral directional sentiment, and options activity remains extremely low—approximately 20% of open interest is expected to remain by end-May and roughly 30% by end-June. Overall, Bitcoin performed relatively well in both price and market热度 during Q2 2024, supported by favorable legal, regulatory, and macroeconomic developments. However, market热度 still falls short of expectations. Against this long-term bullish backdrop, Bitcoin remains the primary trading instrument, and positioning in medium-to-long-dated options is widely viewed as a reasonable strategy.
CME Group announced plans to launch Nasdaq CME Crypto Index futures on June 8, 2026, subject to regulatory review. This will be its first market-cap-weighted futures contract, offered in both micro and standard sizes, and cash-settled. Final settlement will be based on the Nasdaq CME Crypto Settlement Price Index, which measures the performance of the largest and most actively traded cryptocurrencies by market capitalization—currently including BTC, ETH, SOL, XRP, ADA, LINK, and XLM.
According to PR Newswire, MoonPay has officially launched MoonPay Headless Onramps—the industry’s first native crypto checkout platform enabling one-click crypto purchases via Apple Pay, credit cards, and Google Pay across the U.S., the European Economic Area, and over 100 countries worldwide. In contrast, competing headless payment solutions currently support mobile payments only within the U.S. This product replaces MoonPay’s branded widget with a pure API integration, enabling partners to deliver a fully white-labeled and highly customizable checkout experience—while MoonPay handles payment processing, compliance, and identity verification in the background. Launch partners include Moonshot, Bitcoin.com, Bread, and Trust Wallet. Notably, Apple Pay is now fully embedded into partner apps for the first time: verified users can complete purchases with a single tap—no redirects or re-verification required.
CME Group announced plans to launch Nasdaq CME Cryptocurrency Index Futures on June 8, pending regulatory review. The Nasdaq CME Cryptocurrency Index Futures will be the company’s first market-capitalization-weighted futures contract and will be available in both micro and standard contract sizes. These contracts will provide market participants with a capital-efficient way to gain exposure to the top-ranked cryptocurrencies by market capitalization through a single financially settled futures contract. At expiration, the Nasdaq CME Cryptocurrency Index Futures will settle against the Nasdaq CME Cryptocurrency Settlement Price Index, which measures the performance of the most actively traded and liquid cryptocurrencies. As of May 14, the index includes Bitcoin, Ethereum, SOL, XRP, ADA, LINK, and Lumens (XLM).
U.S. senators have submitted over 100 amendments to the Senate Banking Committee regarding the CLARITY Act, with Elizabeth Warren alone submitting more than 40 of them. (Bitcoin News)
According to QCP Capital’s analysis, BTC is currently consolidating near $82,000—close to its 200-day moving average. The $80,000 support level remains temporarily stable, yet the resistance level at $84,000 has yet to be breached. April’s core CPI rose 2.8% year-on-year—slightly above expectations—driven primarily by housing costs (owners’ equivalent rent), while core goods inflation remains subdued and tariff-related price pressures have not yet fully disseminated. Core services inflation (excluding housing) has accelerated for three consecutive months. Coupled with China’s PPI turning positive for the first time in 41 months, the global deflationary tailwind for commodities may be fading, further raising the bar for Fed rate cuts. Markets are now focused on three key catalysts: the Beijing meeting between Trump and President Xi (covering trade, rare earths, and Middle East issues), the upcoming PPI data release, and the Senate Banking Committee’s deliberation process on the CLARITY crypto regulatory bill. Until these catalysts materialize, spot prices may continue trading sideways within a range, with volatility remaining low.
According to The Block, the U.S. Court of Appeals for the District of Columbia Circuit held oral arguments in the appeal filed by Roman Sterlingov, the alleged operator of Bitcoin Fog. The court focused on whether prosecutors presented sufficient evidence that Bitcoin Fog operated in Washington, D.C., and whether U.S. unlicensed money transmission laws apply to global cryptocurrency service platforms serving U.S. users. Judges also questioned the reliability of FBI evidence linking Sterlingov to Bitcoin Fog based on “IP address overlap” analysis. Sterlingov was previously convicted in 2024 of conspiracy to commit money laundering and operating an unlicensed money transmission business. The outcome of this case may influence the scope of U.S. enforcement actions—under Section 1960—against developers and service providers of cryptocurrency privacy tools.