MicroStrategy bought another 2,530 $BTC($243M) at an average price of $95,972 last week!

On May 19, per data from onchain analytics platform Onchain Lens, BlackRock deposited 5,847 bitcoins into Coinbase, a transfer worth approximately $449.52 million.

May 19 — Leading Wall Street firms including Benchmark, TD Cowen, and Mizuho aligned Monday on a key observation: the market is still valuing crypto companies using metrics designed for traditional trading platforms, but these firms are gradually transitioning toward AI infrastructure, capital market tools, and digital financial platforms. All four names in focus — Bitdeer, DeFi Technologies, Strive, and Gemini — retained a "Buy" rating across the three institutions, though some target prices were adjusted due to broader sector valuation compression. Benchmark’s research highlighted Bitdeer’s core advantage: a global power portfolio spanning the U.S., Norway, Bhutan, and other regions with total capacity around 3GW. Analysts emphasized power is emerging as a critical scarce resource amid surging demand for AI data centers. The firm’s Tydal project in Norway, set to deliver ~180MW of AI hash rate hosting capacity, is in advanced negotiations with large potential tenants. Bitdeer’s AI c

On May 19th, Bloomberg reports, U.S. Democratic Senator Elizabeth Warren is criticizing a financial regulatory decision that allows cryptocurrency companies to access the banking system, saying some of these firms “appear unfit.” The Massachusetts Democrat wrote to Jonathan Gould, head of the Office of the Comptroller of the Currency (OCC), stating that the regulatory agency has issued national trust bank charters to at least nine crypto companies. Warren contends these firms “operate far beyond the narrow business scope permitted by law,” a move that “clearly violates the National Bank Act.”

May 19, per Reuters, Standard Chartered Bank plans to cut over 7,000 jobs in the next four years, using technology to replace what it calls "low-value human capital," marking the latest financial institution to roll out large-scale AI-driven layoffs. The London-based bank said Tuesday that AI will help streamline its operations to boost profitability and stay competitive. Standard Chartered noted it will cut 15% of roles in its corporate and institutional banking division by 2030. Reuters calculations show that translates to more than 7,000 cuts among the roughly 52,000 employees in those units. CEO Bill Winters told reporters, “This isn’t just about trimming costs. In some cases, it’s about deploying the financial and intellectual capital we’ve already invested in to replace low-value human capital.”

May 19. Wintermute published a market note noting that the crypto sector faced heavy pressure this week, triggered by a resurgence in U.S. inflation and a sharp pivot in interest rate expectations. Bitcoin couldn’t clear its 200-day moving average in the face of this first major macro shock—a sign the prior uptrend was fueled more by short covering than lasting new capital inflows. The market regime has shifted dramatically: U.S. CPI picked up, core inflation came in hotter than forecasts, real wages dipped into negative territory, the 10-year U.S. Treasury yield climbed to 4.58%, and a more hawkish Fed chair is set to take the reins in three weeks. Market pricing of the Fed’s policy trajectory has also shifted quickly. Over just five trading days, sentiment flipped from pricing in rate cuts to fretting over a possible rate hike. Cross-asset performance echoed this shift: Brent crude surged 8.6% this week, while Bitcoin and Ethereum plunged 5.7% and 10.2%, respectively. Money has

On May 19th, per HTX market data, Binance Coin (BNB) has surged past $0.47, currently trading at $0.473, notching a 14.35% gain over the past 24 hours.