「Whale」 Increases ETH Long Position to 6,375 Coins, Worth $13.5 Million
May 22: According to
HyperInsight monitoring, the "Big Brother Whale" Huang Licheng has boosted his ETH long position. He deposited 200,000 USDC into HyperLiquid, increasing his ETH long exposure by 25 times to 6,375 tokens valued at $13.5 million. The position’s entry price was $2,127.73, and its liquidation price stands at $2,089.42.
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Whale Evaded Increases ETH Long Position to $38.5 Million
On May 22, per monitoring by OnchainLens, whale Evaded (@ICanPlug) hiked its Ethereum (ETH) long position to 18,100 coins, worth $38.5 million. The trader also maintains long positions in ZEC and HYPE, with the total value of its current positions posting an unrealized profit exceeding $7.6 million.
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U.S. Lawmaker Introduces "U.S. Reserve Modernization Act" Targeting to Formally Codify Strategic Bitcoin Reserve into Law
May 22: U.S. Rep. Nick Begich formally introduced the American Reserve Modernization Act (ARMA), backed by 16 initial cosponsors. The bill aims to codify the strategic Bitcoin reserve former President Donald Trump set up via executive order. Under ARMA, a dedicated strategic Bitcoin reserve would be established, all federally held digital assets consolidated, and these holdings locked in as a long-term reserve asset for at least 20 years. The legislation would also explore a budget-neutral approach to acquiring Bitcoin and put safeguards in place to prevent future administrations or Congress from liquidating the reserve arbitrarily.
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Korea Communications Standards Commission to Review Polymarket
May 22 — The Korea Communications Standards Commission has launched a review of prediction market platform Polymarket to determine whether the service constitutes illegal gambling under South Korean law. The review follows multiple recent complaints against the platform, with the commission citing precedents from France, Germany, and Italy — where Polymarket has already been blocked — as references for its assessment.
Industry insiders are concerned the review could lead to Polymarket being barred in South Korea, forcing the platform to exit the Korean market entirely. Lawyers note that even if Polymarket’s servers are located overseas, the service may still fall under South Korean regulatory oversight if it offers localized services to Korean users.
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Opinion: Tokenized Currency Market Funds Face "Structural Regulatory Disadvantage," Scale Difficult to Exceed 15% of Stablecoin Market
May 22: JP Morgan analysts noted in a report that while tokenized money market funds can deliver returns to investors, they currently make up just around 5% of the total stablecoin market cap. Stablecoins reign supreme in the crypto ecosystem, with widespread use for trading, collateral management, settlement, cross-border payments, and as daily liquidity tools. By contrast, tokenized money market funds face what the analysts term “structural regulatory headwinds”: they’re typically classified as securities, requiring adherence to registration, disclosure, reporting, and transfer restrictions—barriers that make them hard to circulate freely on-chain.
The analysts project that tokenized money market funds will continue to grow, but under today’s regulatory framework, they will struggle to exceed 10% to 15% of the stablecoin market. Unless policymakers adjust rules to offset the downsides of their securities classification, their main user base will remain limited: mostly crypto-native
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「Ethereum Savior」: Former Foundation Developer Proposes Raising $1 Billion to Establish ETH Advocacy Organization
May 22: Former Ethereum Foundation core developer Dankrad Feist is calling for raising at least $10 billion to launch a new Ethereum advocacy organization aimed at "saving" ETH.
The existing Ethereum Foundation, a non-profit, holds less than 0.1% of ETH and generates no staking or fee income—creating a disconnect from Ethereum’s economic interests that Feist argues is hindering effective efforts to boost ETH’s price.
Under his proposal, the new organization would need robust financial support, "battle-ready" leadership, and a board of directors with direct stakes in ETH to align their priorities with growing the cryptocurrency’s value. Part of the funds could come from staking revenue to ensure tighter alignment and accountability with the Ethereum ecosystem.
This push comes amid ongoing talent exodus at the Ethereum Foundation: Feist himself left last year to join Layer 1 project Tempo, and two additional researchers resigned just this week—amplifying community frustration with the
5 minutes ago
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