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 11, Doo Wan BlockBeats released its April Exchange Platform Rankings, with key data showing a broad cool-down across trading activity and user engagement: ### Centralized Exchanges (CEXs) - Spot trading volume: Fell 9.96% in April 2026 from March 2026. - Perpetual contract volume: Dropped 13.61% in April 2026 vs. February 2026. - User activity: Website traffic declined 14.61% (April vs. March); app downloads (via website) fell 1.85% (April vs. March). ### On-Chain Derivatives (Perp DEXs) - Perpetual contract volume: Plunged 21.10% in April 2026 from March 2026. - Website traffic: Down 5.7% (April vs. March). For full details, check the report: *April Exchange Platform Rankings: Spot and Contract Trading Volumes Both Decline, with Drops Exceeding 13%* [link: https://www.theblockbeats.info/news/62334]

**CoinShares: Digital Asset Investment Products See 6th Straight Week of Inflows ($857.9M) | Bitcoin Tops $80k, AuM Hits $160B** Digital asset investment products posted a net inflow of $857.9 million last week (May 11), marking their sixth consecutive week of positive flows, per CoinShares data. Bitcoin surged above $80,000 midweek, driven by bullish developments including the CLARITY Act’s stablecoin yield compromise. Total assets under management (AuM) for these products reached $160 billion. Bitcoin led inflows with $706.1 million. Altcoin participation jumped notably: Ethereum took in $77.1 million, Solana $47.6 million, and XRP $39.6 million respectively. ### Notes on American English adjustments: 1. **Conciseness**: Used `straight week` (common in U.S. news) instead of "consecutive week"; `$80k`/`$706.1M` (casual numeric shorthand) instead of full "thousand"/"million". 2. **Tone**: Swapped "boosted by" for "driven by" (more active U.S. financial jargon); "took in"

As of May 11th, Bitget data shows WTI and Brent crude oil prices dropped $0.70 in a short window, now trading at $97.73/bbl and $101.84/bbl respectively.

On May 11th, data from HyperInsight monitoring shows ZEC declined today, with its 24-hour drop widening to 7% and the token currently trading at $569. Over the past hour, two large ZEC long positions on the Hyperliquid platform were closed in succession, with a total of approximately $28 million withdrawn. Among these, the on-chain "ZEC Long Whale" known as Loracle has been steadily cutting its position in large tranches since early this morning. In the 20 minutes before this report, it fully exited its $19 million ZEC long position, closing at $567—representing a roughly 46% gain from its entry price of $387. This trade locked in a total profit of $6.888 million. Another long whale (address: 0x76da69d942cfdba3483e2ea3f16a490e1b0889a3) boosted its position ahead of last night’s price dip, with a position size of roughly $8.9 million. However, it incurred losses this morning amid the ongoing downturn, triggering a stop-loss exit and resulting in a $328,000 loss. Relevant addresses

May 11 — Per official sources, Binance Wallet will distribute its Binance Alpha airdrop today, with trading set to launch at 9:00 UTC. Users holding at least 241 Binance Alpha Points may claim tokens on a first-come, first-served basis until the airdrop pool is fully distributed or the event concludes. Further details will be announced soon.

May 11th — Per Arkham Monitor data, prominent KOL "CBB" just deposited $2 million into HyperLiquid to fund his stock perpetual contract trading on tradeXYZ. His top position is a $20 million short on Micron Technology (MU), which currently has a $3 million loss. Since the portfolio’s all-time high 40 days ago, he has totaled losses of $14.49 million.