U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

On May 19, Lido announced via social media that Swellchain will be permanently shut down on June 15, 2026. All users are required to withdraw their wstETH assets in advance of this date. After June 15, 2026, Swellchain will be permanently closed, and any remaining wstETH may be unrecoverable.

On May 19, Echo Protocol announced that its Echo Bridge deployed on Monad has been impacted by a security incident. The team has temporarily suspended all cross-chain transactions, launched an investigation, and will continue to disclose follow-up progress through its official channels.

On May 19th, Echo Protocol announced it is investigating a security incident affecting its cross-chain bridge on the Monad network. All cross-chain transactions have remained suspended throughout the ongoing probe. Earlier reports from PeckShield’s monitoring indicate Echo Protocol was targeted in an attack on Monad. The attacker minted 1,000 eBTC—valued at roughly $76.7 million—and deposited 45 eBTC (~$3.45 million) into Curvance using a pre-tested process. After that, the attacker used these assets as collateral to borrow around 11.29 WBTC (approximately $867,700), bridged the WBTC to Ethereum, converted it into ETH, and ultimately transferred 384 ETH (about $821,700) to the privacy mixer Tornado Cash. SlowMist founder Cao Yin noted that Echo Protocol may have been compromised due to a leaked admin key.

May 19 — Per monitoring from Hyperinsight (via its Telegram channel @HyperInsight), the HYPE token has been rallying steadily, trading above $48 as of this morning. On Hyperliquid, prominent trader “Loracle” added to his HYPE short exposure to flatten a portion of his position, accumulating roughly 200,000 tokens worth around $9.4 million. Currently, using 5x leverage, Loracle holds a short position of 1.443 million HYPE tokens, valued at approximately $68.1 million. His average entry price for the short has risen from $41.8 to $42.55, resulting in an unrealized loss of $6.76 million (a -47% decline). Separately, the market has long suspected the largest HYPE long-position holder to be the "HYPE listing insider" whale, and this wallet continues to hold a sizeable long position. Currently employing 5x leverage, it is long 1.38 million HYPE tokens, valued at around $65.3 million, with an average entry price of $38.67 and an unrealized gain of $11.9 million. Wallet addresses:

May 19 – Coinglass data shows the Coinbase Bitcoin premium has been widening steadily since May 15, even as Bitcoin’s price pulled back from $80,600 to its current level of $76,800. This recent price decline appears to be driven primarily by U.S. investors.

On May 19, X launched Creator Connect, an AI-driven tool for matching brands with platform creators. The solution intelligently pairs creators based on brands’ marketing goals, audience interests, and real-time trends, and is built using xAI technology. X will manage the full end-to-end process—including creator selection, outreach, content creation, and distribution—while brands can review and approve decisions at every stage. Mitchell Smith, X’s Global Head of Content Partnerships, said the platform is entering its “Creator Era” and is focused on building a healthy, sustainable creator economy. Monique Pintarelli, xAI’s Global Advertising Lead, added that Creator Connect’s combination of AI and X’s real-time broadcasting capabilities helps brands reach consumers more efficiently. The tool rollout is part of X’s “Year of the Creator” plan. The platform has previously launched creator-focused features such as Creator Subscriptions 2.0, Exclusive Threads, and doubled creator revenue