A whale repeatedly shorted HYPE within a single day, resulting in a total loss of $747,000.

On May 19, Minnesota Governor Tim Walz officially signed House File 3709, allowing state banks and credit unions to offer cryptocurrency custody services. The law takes effect August 1, 2026. Under the legislation, financial institutions must establish formal written policies covering risk management, internal controls, and security measures. They also need to submit a written notice to the state’s Commerce Commissioner at least 60 days before launching custody services—with a critical rule: customer assets must be strictly segregated from the institution’s own funds. Rep. Bernie Perryman, one of the bill’s main drafters, said the move is designed to let local financial institutions “grow alongside their customers,” so residents don’t have to rely on unregulated out-of-state or offshore crypto providers. The Minnesota Credit Union Network called the legislation a “safer way for residents to manage cryptocurrency assets,” noting it strengthens regulatory protections against fraud, cyb

May 19 Update (per Farside Monitoring): U.S. spot Bitcoin ETFs recorded total net outflows of $648 million yesterday, broken down by fund as follows: - BlackRock IBIT: -$4.48 billion - Fidelity FBTC: -$63.4 million - Bitwise BITB: -$9.2 million - ProShares BTCO: -$3.8 million - Franklin Templeton EZBC: -$6.6 million - ARK ARKB: -$1.09 billion - CoinShares BRRR: +$8.1 million - VanEck HODL: -$7.6 million Separately, U.S. spot Ethereum ETFs posted total net outflows of $86.4 million yesterday, with breakdowns across funds: - BlackRock ETHA: -$55.4 million - BlackRock ETHB: -$2.2 million - Fidelity FETH: -$14.7 million - Grayscale ETHE: -$4 million - Grayscale Ethereum Trust: -$10.1 million

May 19th. A joint article written by several French cryptocurrency industry executives argues that the country’s current stablecoin tax policy is severely outdated. Under existing regulations, converting stablecoins to fiat currency and withdrawing funds to a bank account counts as a taxable event—this practice is trapping significant volumes of crypto assets outside the traditional financial system, resulting in an estimated €1 billion to €3 billion in annual tax losses for France. The piece pushes for urgent action, stating that as AI agents increasingly rely on stablecoins for payments, the French government has just six months to make targeted adjustments to the 2027 Budget Bill. It recommends France follow the framework of other countries, which define exchanges between stablecoins and fiat currency as "tax-free withdrawal" transactions. Industry experts warn that if France misses this critical six-month window, it will likely forfeit major industrial benefits tied to integrating

May 19, 2026 – Binance will suspend deposit and withdrawal services for the Moonbeam Network token, per an official statement. The service suspension will go into effect at 12:00 PM UTC on May 20, 2026. The network upgrade is planned to activate at block height 15,689,298, around 1:00 PM UTC that same day. Binance will reopen these services immediately after the upgrade is completed and the network is operating reliably, with no further advance notification issued.

May 19 — NBA star Tristan Thompson recently stopped by the podcast talk show *Market Bubble* to open up about his early investment in AI company Anthropic, detailing how his tech journey kicked off at NBA-related gatherings and dinners in Silicon Valley. Thompson explained a friend in the Valley connected him with AI professionals, and after deep, engaging conversations with those tech founders, he grew captivated by the future of artificial intelligence and emerging technologies. “They kept talking to me about the future of AI and tech, and I felt drawn to what they were saying,” Thompson recalled, noting that most tech insiders in the San Francisco Bay Area were buzzing about the field at the time — which ultimately pushed him to dive in personally. “I thought, okay, this is a check. I want to join this game.” After his initial investment, Thompson went on to back more early-stage projects via a Special Purpose Vehicle (SPV), steadily expanding his network and resources in the tec

As of May 19th, Santiment data reveals the number of Bitcoin whale addresses holding 100+ BTC has risen to 20,229—an 11.2% jump from the 18,191 such addresses logged at this time last year. These addresses, typically tied to institutional investors, high-net-worth individuals, and long-term large-scale BTC holders, currently hold an average value of over $7.7 million. Despite Bitcoin’s significant price volatility over the past year, the count of these large holding addresses hasn’t declined; instead, it’s continued to accumulate steadily. Historical trends show growth in whale addresses often signals key stakeholders retain strong confidence in Bitcoin’s future value and scarcity. Most notably, this expansion of 100+ BTC holding addresses persists even during periods when retail investors frequently swing into panic, impatience, or doubt.