If Bitcoin breaks through $86,000, the mainstream CEX aggregate short liquidation intensity will reach 9.12 billion

On May 26, U.S. President Trump said Iran’s enriched uranium will be immediately transferred to the U.S. for destruction, or handled inside Iran under international supervision. Axios views this as a sign of a softening U.S. stance on Iran’s enriched uranium stockpile issue, moving closer to Iran’s prior position. Earlier, Trump mentioned negotiations with Iran on a temporary deal to extend the ceasefire and reopen the Strait of Hormuz are “progressing smoothly,” signaling the U.S. and Iran are close to reaching an agreement. Multiple media outlets have laid out the potential terms of the U.S.-Iran draft agreement. Al Jazeera reports the draft would let the Strait of Hormuz open freely and require removing mines, with navigation there restored within 30 days. It says the U.S. will commit to easing its blockade on Iranian ports, and Iran will be allowed to sell and export oil—with a phased rollback of oil sanctions being considered. Nikkei Asia adds the ceasefire deal struck in early A

May 26 — Official updates confirm Hyperliquid has rolled out support for "spec markets" tied to off-chain events. These markets are distributed via automated news feeds operated by the network’s validators and form part of Hyperliquid’s regular on-chain operations. Validators will vote on the launch and settlement of spec markets, evaluating factors such as rule clarity, outcome accuracy, and overall subjective market quality. Per Hyperliquid’s official website, the first off-chain event-based prediction market contract went live at 20:00 on May 25. Titled "US May CPI Year-over-Year Growth Rate," the contract held $12,800 in unclosed positions and logged $10,300 in total trading volume in the roughly 12 hours following its debut.

On May 26th, data from LookOnChain reveals that a whale opened a 10x leveraged long position over the last 10 hours, purchasing 2.34 million NEAR tokens valued at around $6.45 million. Additionally, the whale set a limit order to buy an extra 813,000 NEAR tokens at a $2.46 price point, with the planned total for this upcoming purchase reaching $2 million.

On May 26, monitoring by Onchain Lens shows that the "BTC OG Insider Whale" has boosted its HYPE holdings to 184,182 tokens, worth approximately $11 million. The wallet currently maintains a 5x long position in Bitcoin and a 3x short position in Zcash, with total unrealized losses exceeding $1.7 million.

May 26 – Ondo Finance announced that its founder and CEO Nathan Allman passed away unexpectedly. In a statement, the company paid tribute to Allman, saying: “Nate’s talent, humility, and execution have shaped the Ondo we know today. He always believed technology could build a more open, accessible financial system — a vision that will continue to guide all our future work.” Ondo added that it has a seasoned management team in place, with longtime President Ian De Bode stepping in as the new CEO. The firm noted De Bode has led the company’s strategy, product, and day-to-day operations for more than two years, and has the full support of its entire management team.

May 26 — According to Al Jazeera, a source familiar with talks between a senior Iranian delegation and Qatari officials says Qatar’s mediation has resulted in a breakthrough with the U.S. over Iran’s frozen assets. The source added that with an agreement now in place on this critical issue for Iran, an announcement of the U.S.-Iran deal is likely to be made tomorrow. (FXStreet)