Today's Highlights
1. Pope Leo XIV to Address AI Governance in First Encyclical
2. HODLMM Bootcamp for $ZEST / $STX Launches May 26
3. DiWeWo Hosts Free Crypto Webinar on Profit Strategies
4. Crypto Latin Fest to Attend Paytech Conf 2026
5. Free NFT Mint: Multicycle Roaches on Abstract Blockchain
Macro News
U.S. Consumer Spending May Slow as Tax Refunds Fade and Oil Prices Surge
The Trump administration's tax refund program, which provided an average of $3,500 per person, is ending, and rising oil prices due to the Iran war are expected to tighten consumer budgets as early as summer 2026.
Spot Bitcoin ETFs Recorded $1.257B in Net Outflows Last Week
From May 18 to May 22, spot Bitcoin ETFs saw significant outflows, while spot SOL and XRP ETFs recorded modest inflows, indicating shifting investor preferences in the crypto market.
Sharplink and BitMine to Be Added to Russell Index
Sharplink (SBET) and BitMine (BMNR), both linked to Ethereum, will be added to the Russell 2000 and Russell 3000 indices on June 29, potentially increasing institutional exposure to ETH.
Singapore Q1 GDP Surpasses Expectations at +6.0% YoY
Strong export and service demand helped Singapore's Q1 GDP growth exceed initial forecasts, showing resilience in the region's financial hub.
Thailand Faces Record Trade Deficits in Q1 2026
Thailand's trade deficit reached $9.5 billion in the first quarter of 2026, with imports rising faster than exports for six consecutive months, signaling economic pressure.
Industry Hotspots
XRPL Developer Warns of Fake Wallets and Airdrop Scams
XRPL developer Wietse Wind alerted the XRP community to increased phishing attempts targeting Xaman Wallet users through fake desktop apps and airdrop scams.
Trader Liquidates HYPE Position with Over $2.5M in Unrealized Losses
A trader is unwinding a large HYPE short position, having sold 231,900 HYPE tokens and still holding 211,300 for sale, with over $2.5 million in unrealized losses.
Market Still Significantly Bearish According to CEX and DEX Funding Rates
Despite Bitcoin's slight uptick, Coinglass data shows negative funding rates on major exchanges, indicating continued bearish sentiment among traders.
Ethereum Shows Historic Shift with High Transaction Volume and Low Fees
Ethereum's Layer 1 transaction volume reached an all-time high while gas fees dropped nearly 78%, and 32.4% of ETH supply is now staked, reinforcing network security.
USDD 2.0 Mining Phase Launched on JustLend DAO
TRON’s DeFi ecosystem expanded with the launch of USDD 2.0 mining on JustLend DAO, aiming to improve liquidity and on-chain capital efficiency.
KOL and Institutions
@BTC_NewsBot
Bitcoin is currently trading at $76,361, with a 24-hour change of 1.32%. The 7-day change is -2.33%, with a 24-hour trading range between $75,344 and $77,216.
@impandoratech
Global crypto market cap rose 0.22% in 24 hours to $2.809 trillion, with Bitcoin’s market cap at $1.531 trillion, representing 54.47% of the total.
@xrppricealerts
XRP traded between $1.342 and $1.374 today, with a daily range of $0.0316 (2.36%). The session ended at $20:00 on May 24.
@TheETFTracker
Top ETF outflows last week included $IWM (-$3.27B), $SPY (-$3.20B), and $ARKK (-$1.34B). The $IBIT Bitcoin ETF lost $933 million in net outflows.
@Pricehivebot
The Crypto Fear and Greed Index is at 25/100, indicating a fearful market. This could present a potential buying opportunity for long-term investors.
@TraderHC
TraderHC offers a $65/month or $720/year subscription with access to real-time trading alerts, portfolio management, and market analysis tools for active traders.
@KobeissiLetter
U.S. household equity holdings reached a record $57.7 trillion, surpassing real estate value by $9.8 trillion, the largest gap in history since the 1980s.
@China
China is strengthening its domestic market and attracting global talent, contrasting with Western nations facing political and economic fragmentation.
@elonmusk
A new narrative emerges with an ancient anomaly detected near stones unchanged for 5,000 years. The message suggests something active and waiting has been uncovered.
@WIONews
U.S. Secretary of State Marco Rubio made controversial remarks on Indian Americans, emphasizing the U.S.-India relationship and President's admiration for India and PM Modi.
This content is generated by AI for informational purposes only and does not constitute investment, financial, or trading advice.