The initial jobless claims in the United States for the week ending on May 16th were 209,000, slightly lower than expected.

On May 21st, per HTX market data, Bitcoin accelerated its downward movement after U.S. stock markets opened, breaking below the $77,000 level. As of press time, it is trading at $76,911.06, down 0.69% over the past 24 hours.

May 21, per Onchain Lens monitoring: James Wynn shorted the S&P 500 index with 50x leverage, with a liquidation price of 7474.6.

On May 21st, monitoring from OnChainMind reveals that Bitcoin’s “ancient supply” — also referred to as revived supply, which denotes wallets holding BTC for 5, 7, or 10 years — has halted all movement after the ETF launch and amid the current active high-price range, creating a historic lull in long-held coin activity. Market analysis points out that this scenario commonly occurs when the market hits the bottom of a deep bear market.

May 21 update: Per on-chain analyst Ai (@ai_9684xtpa), the "BTC OG Insider Whale" has deposited an extra $9 million in USDC into Hyperliquid, bringing its total deposits on the platform to $19.01 million since yesterday. The whale’s current buying moves include: 1. Limit Buy Order for HYPE: The whale intends to purchase $1.15 million worth of HYPE via limit orders within the $49.725–$52.36 price range; it already holds $2.48 million in HYPE spot positions. 2. Long BTC Positions: The whale currently holds 504.4 BTC long contracts with 5x leverage, valued at $38.95 million, with an unrealized loss of $85,000.

May 21: Per Goldman Sachs data cited by Bloomberg, hedge funds are taking profits from semiconductor stocks after a sharp AI-driven rally. U.S. chip stocks have emerged as the most sold-off sector over the past month, with investors primarily cutting their long positions rather than placing short bets on the industry. Even amid this pullback, funds remain heavily invested in AI-related equities, with overall exposure holding near historical highs. Analysts attribute the sell-off to profit-taking and risk management, not a loss of confidence in the AI boom.

On May 21, crypto finance infrastructure firm Cycles announced it has closed a $6.4 million seed financing round. The round is led by Blockchange Ventures, with participation from backers including Coinbase Ventures, Compound VC, Primitive Ventures, and other investors. This brings Cycles’ total raised funding to $8.7 million to date. The new capital will support scaling efforts for Cycles Prime and Cycles Pay, while Lynq and FalconX will join as key strategic partners for the initiative. Founded by Ethan Buchman after spinning out from Informal Systems, Cycles was built to address two core pain points in the digital asset space: liquidity bottlenecks and settlement risks. The platform leverages zero-knowledge proofs and a trusted execution environment to facilitate multi-party netting settlements, cutting counterparty risks and easing liquidity constraints.