Bitmine, that voracious beast of the crypto jungle, continues its relentless march toward its 5% Ethereum supply target. Another week, another feast-101,745 ETH devoured, valued at a paltry $238 to $240.42 million. Such trifles for a creature of its appetite!
Ah, the theater of the absurd! An Arkham AI-labeled wallet, allegedly tied to Multicoin Capital, has flung $28.45 million in HYPE into the maw of HyperCore staking. Two other wallets, like conspirators in a Dostoevskian novel, mirrored this move, swelling the total to a staggering $82.02 million. What madness drives these souls to bind their fortunes to such volatile winds?
From Monday to Thursday, the market’s oracle taxied a cumulative $619 million outflow across four bleak days. Then, on the fated Friday, when the sun rose, a sudden torrent of $737 million surged through the vaults, turning the week’s balance from gloom to optimism.
However, he framed this massive wipeout as a healthy and necessary market-clearing process.
The chart shows the total value of positions closed due to liquidations – red represents short positions and green represents long positions – from May 2025 to May 2026. Long positions (shown in green) were liquidated far more often than short positions. This has been consistently true throughout the past year, with Bitcoin historically being more likely to eliminate leveraged bets that prices would go up than bets that prices would go down.
Aave LLC has urgently asked a New York court to lift a hold on approximately $71 million in Ethereum (ETH). This money, currently blocked, is intended to be returned to people who were previously affected by a security issue.
Once the Act has been wrapped in the garb of “markup,” the Senate, that great assembly of stairwell philosophers, steps forward to dissect it with the same care a grandmother uses to scrub a stubborn broth pot. Five committees, each a cloak of jurisdiction over digital treasures, will wrestle in a ballet of language, thesholds, and haggling over whether a stablecoin should have a yield ye that causes the small‑business roots to wither. It is a performance staged beneath the bright lights of the political theater, where the actors mutter that this is “a big deal,” while their true motives linger in the shadows of the Greek myths of hubris and delusion.
Bullish’s recent purchase of Equiniti, announced on May 5th, makes it a central player in the emerging market for digital securities. Equiniti already handles shareholder records for 20 million people and acts as a transfer agent for 3,000 large companies, instantly connecting Bullish to the established financial system for traditional stocks. Bullish believes this deal will create a leading global system for managing the transfer of digital securities.
On May 5th, the cryptocurrency market experienced a rebound, with Bitcoin climbing back over $81,000 and most major coins seeing price increases. Smaller, more volatile altcoins also saw significant gains, with Utya leading the way with a nearly 100% increase to $0.04145. Dogs, LAB, Small Thing, and wojak also performed well, rising by 78.4%, 62.9%, 43.4%, and 38.4% respectively.
