Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

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

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

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.

May 23 — Cross-chain infrastructure provider Squid announced Wednesday it has closed a $6 million funding round led by North Island Ventures. Additional institutional participants in the round include Ripple, Dialectic, Borderless Capital, Scenius Capital, and other firms. Angel investors joining the financing are projects Axelar, Ledger, Polymer Labs, Enso, and Peanut. Since launching, Squid has processed more than $6 billion in total transaction volume, completed over 4 million individual transactions, and served over 1 million users worldwide. Currently, the platform connects to more than 100 blockchains, over 20,000 tokens, and more than 130 decentralized exchanges (DEXs). The Squid team plans to continue expanding into new chains, scaling its user base, adding new features, and launching additional products. Notably, the team hinted that a mobile-related product is coming soon.

May 23 — Per OnchainLens monitoring, a wallet linked to Arthur Hayes deposited 115,453 HYPE (~$6.33M) and 1.76M AERO (~$785k) into Bybit. Arthur currently holds 247,334 HYPE, valued at approximately $13.6 million.

May 23 – Per OnchainLens monitoring, two newly created wallets withdrew 60,000 ETH from BitGo and Kraken, totaling roughly $126 million, and are potentially linked to Bitmine.