Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

May 18, Darkforst data shows Bitcoin ETFs posted a net weekly outflow of 13,000 BTC, marking their worst week since early February. Ark Invest saw the largest outflows, with over 4,000 BTC withdrawn solely from its holdings.

On May 18, the U.S. Department of Justice (DOJ) announced that Ukrainian national Olena Oblamska—accused of operating the cryptocurrency investment platform Forsage—was extradited from Thailand to the U.S. last week. She appeared in a federal court in Oregon and entered a not-guilty plea to charges of conspiracy to commit wire fraud. Prosecutors allege Forsage marketed itself as a smart contract-based investment project on the Ethereum blockchain, but it was actually a Ponzi and pyramid scheme involving roughly $340 million. Oblamska is currently in federal custody pending trial, with her jury trial scheduled to begin on July 14, 2026. If convicted, she faces up to 20 years in federal prison.

On May 18, data from Coinglass shows that the total net outflow of Bitcoin (BTC) from centralized exchanges (CEXs) over the past 24 hours reached 5,740.82 coins. The top three CEXs by BTC outflow in this period are: - Coinbase Pro: An outflow of 5,457.2 BTC - Binance: An outflow of 1,022.83 BTC - Gemini: An outflow of 503.83 BTC Separately, OKX recorded a BTC inflow of 530.1 BTC, making it the CEX with the largest net BTC inflow in the same 24-hour window.

May 18, per CNN: Drawing inspiration from its wartime success blockading the Strait of Hormuz, Iran is now setting its sights on a hidden artery of the global economy: underwater fiber optic cables crisscrossing beneath the strait, which carry enormous volumes of internet and financial data traffic between Europe, Asia, and the Persian Gulf. Iran plans to charge major global tech firms for using these underwater cables, with government-linked media outlets quietly dropping subtle threats that data transmission could be disrupted if companies refuse to pay. Last week, Tehran’s lawmakers debated a related proposal targeting submarine cables connecting Arab nations to Europe and Asia. “We will charge fees for the internet cables,” Iranian military spokesperson Ebrahim Zolfaghari stated on social media last week, according to reports from outlets closely affiliated with the Islamic Revolutionary Guard Corps. Tehran’s scheme would require compliance from tech giants including Google (GOOG.O

May 17 update: Per MLM Monitor, Trade.xyz acquired the SPCX code via HIP-3 one hour ago, and is poised to launch SpaceX’s Pre-IPO perpetual contract in the near future. This will mark the second live project on the platform’s Pre-IPO segment, following Cerebras Systems. Earlier Reuters reporting indicated SpaceX’s stock is set to debut as early as June 12.

On May 17, CoinDesk analyst James Van Straten published an article noting that roughly 15% of Bitcoin’s total supply is currently concentrated around its 200-day moving average, which sits between $83,000 and $85,000. Van Straten added that a breakout above $85,000 could push Bitcoin to $95,000 in short order. Additionally, both True Market Cap (TMM) and the Short-Term Holder Cost Basis are holding as a critical support zone around $78,000.