A whale sold 20,000 ETH at an average price of $2059, totaling around $41.18 million.
On May 23rd, on-chain monitoring data from lookonchain indicates that whale address 0xB4d3 sold 20,000 ETH within the last hour at an average price of $2,059, amounting to roughly $41.18 million.
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The Shiller P/E Ratio of the US Stock Market Reaches a 25-Year Extreme Level, AI Frenzy Sparks Concerns of a Reprise of the 'Internet Bubble'
May 23 — Data shows the U.S. stock market’s 2026 Shiller P/E ratio has risen to roughly 39.5 to 41.7, marking the highest level in 25 years and coming in just below the roughly 44x peak hit during the 1999 internet bubble.
Analysts point out this round’s valuation surge is largely driven by the AI theme, with gains fueled by tech giants spanning semiconductors, cloud computing, and AI infrastructure. A handful of large-cap tech stocks have accounted for most of the S&P 500’s gains, stoking concerns the current trend mirrors the 1999 internet bubble.
However, a new report argues today’s landscape is distinct from the late 1990s: unlike the host of unprofitable internet firms back then, today’s AI industry leaders boast strong cash flows, mature business models, and high profit margins—providing far stronger fundamental support. The current AI investment frenzy has also expanded into data centers, energy, power grids, and enterprise-level AI applications.
Still, analysts warn th
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Stablecoin issuer JPYC is about to complete its Series B funding round, with participation from Life Design Fund, bringing the total funding to approximately $31.4 million.
May 23: Japanese yen stablecoin issuer JPYC announced that its second round of Series B financing is on track to wrap up, bringing the company’s total cumulative funding to around 5 billion yen. New investors joining this round include Life Design Fund, IHD STRATEGY FUND, funds affiliated with Awa Bank, and Meiji Yasuda Future Co-Creation Fund.
JPYC said the new capital will be allocated primarily to system and application development, hiring talent to drive business expansion, scaling its stablecoin payment and management operations, and building machine-to-machine (M2M) payment scenarios powered by AI Agents.
In 2025, JPYC secured a fund transfer service provider license issued by Japan and launched the JPYC stablecoin, which is pegged 1:1 to the Japanese yen, the same year. The company reported that within approximately seven months of launch, it has amassed 18,000 accounts, with cumulative issuance exceeding 2.5 billion yen and total transaction volume topping 35 billion yen.
Cu
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Five UK individuals sentenced for 'Wrench Attack' on cryptocurrency holders, victims forced to transfer crypto assets
On May 23, U.K. police announced that five people have been sentenced in a "Wrench Attack" case targeting cryptocurrency holders. The suspects met their victim at a bar in London’s Shoreditch district in July 2025, forced him back to his home, and used violent threats and facial recognition authentication to coerce the victim into accessing his bank and cryptocurrency accounts. They stole more than ￡10,000 in funds, cryptocurrency, a watch, and other personal belongings.
During the investigation, Coinbase, the cryptocurrency exchange platform, reported suspicious activity on the victim’s account to authorities, which allowed police to identify and arrest all involved individuals. The court issued prison sentences ranging from 3.5 to 6.5 years to the four main culprits, while another person linked to the case was ordered to complete community service for money laundering offenses.
Police stated the case has caused long-term psychological trauma to the victim and his family, underscori
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The U.S. bank disclosed a holding of nearly $53.1 million in a cryptocurrency ETF, with holdings in IBIT worth around $37 million.
May 23 — Bank of America disclosed in its 2026 first-quarter 13F filing with the U.S. Securities and Exchange Commission (SEC) that it holds approximately $53.1 million worth of cryptocurrency ETFs and crypto-related stock positions, including ETFs tied to Bitcoin, Ethereum, XRP, and Solana.
The bank’s largest single crypto ETF holding is 972,600 shares of the BNY Mellon Spot Bitcoin ETF (IBIT), valued at around $37 million. Additional crypto ETF stakes include $7.98 million in Bitwise’s BITB, $3.32 million in Grayscale’s Bitcoin Mini ETF, $1.71 million in Fidelity’s FBTC, and $1.06 million in BNY Mellon’s Ethereum-focused ETF (ETHA).
Beyond ETFs, the filing also reveals Bank of America holds stock in public crypto-linked companies such as Coinbase, Galaxy Digital, Robinhood, Circle, and SoFi. Market participants note traditional financial institutions are continuing to expand their indirect exposure to the digital asset market through ETFs and equities, further reinforcing the ongoi
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SpaceX successfully launched the third-generation Starship, completing a key test before the IPO.
On May 23, SpaceX successfully launched its upgraded Starship during a test flight from the company’s Texas Starbase facility— a critical milestone ahead of the aerospace firm’s planned IPO. The mission saw Starship V3 lift off and deploy 22 test satellites, marking a major step in developing SpaceX’s next-generation heavy-lift transportation system. Though the flight encountered engine malfunctions and the first-stage booster landed uncontrollably, SpaceX confirmed it achieved all primary test objectives. Going forward, Starship V3 will serve as the core launch platform for future Starlink expansion, NASA’s Artemis lunar missions, and SpaceX’s Mars exploration program. With approximately $15 billion invested in the Starship project so far, market analysts widely view the spacecraft’s test progress as a key valuation support factor for SpaceX’s potential IPO.
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