Data: On-chain RWA Reaches All-Time High of $33.7 Billion

On May 18, on-chain investigator ZachXBT announced a reward of up to $10,000 for insider information related to Hong Kong-based market maker Heisenberg Guru (HSBG). ZachXBT stated that HSBG is suspected of being involved in multiple market manipulation incidents on centralized exchanges (CEXs), including the $RIVER token case. ZachXBT pointed out that Sion and Chao are core members of HSBG’s team, noting that evidence such as chat records, smart contracts, internal communications, and other relevant materials would be eligible for the reward. He urged insiders to reach out to him via direct message on X.

May 18 marked the release of Q1 2026 financial results from Payward, parent company of leading crypto exchange Kraken. Adjusted revenue hit $507 million, rising 3% year-over-year—a modest but notable gain amid the broader crypto market downturn. The quarter saw standout strength in Payward’s futures business: daily average revenue trades (DARTs) jumped 51% YoY, fueled by expanded NinjaTrader integrations, growth of its Breakout platform, and broader gains in derivatives operations. That said, adjusted EBITDA dipped to $18 million. Payward stated it is prioritizing long-term investments—including mergers and acquisitions, product development, and building out regulatory infrastructure—over focusing solely on short-term profitability. Context highlights Kraken’s resilience: Q1 2026 was a rough stretch for crypto, with Bitcoin falling 22%, total crypto market cap shrinking 23%, and industry-wide spot trading volume plummeting 38%. Against that bear market backdrop, Kraken’s perfo

On May 18, U.S. stocks opened on an upward note: the Dow Jones Industrial Average gained 0.04%, the S&P 500 added 0.15%, and the Nasdaq Composite advanced 0.14%. Micron Technology (MU.O) rose 4%, Nvidia (NVDA.O) climbed 2%, and Intel (INTC.O) jumped 5.3%.

Per Bitget market data, on May 18th, as the US stock market opened, the Dow Jones Industrial Average rose 0.04%, the S&P 500 gained 0.15%, and the Nasdaq Composite added 0.14%. Turning to crypto-linked stocks, all tracked saw declines: MSTR fell 5.94%, COIN dropped 3.00%, CRCL was down 2.55%, SBET declined 3.57%, and BMNR fell 4.03%.

On May 18, Bitcoin Depot—one of the largest Bitcoin ATM operators in the U.S.—announced it has filed for Chapter 11 bankruptcy protection in the Southern District of Texas, with plans to sell off its assets and wind down operations gradually. Bitcoin Depot noted that while the firm has beefed up anti-fraud measures in recent years—such as tightening identity verification protocols and lowering transaction limits—escalating regulatory pressure and compliance costs have made its business model "unsustainable." Once a top crypto ATM operator across North America, Bitcoin Depot operated more than 9,000 Bitcoin ATMs as of August 2025. Now, the company has shut down its entire ATM network and launched a court-supervised asset sale and liquidation process. In response to the bankruptcy news, Bitcoin Depot’s (NASDAQ: BTM) pre-market stock price plunged over 71%. Since its debut on the Nasdaq in 2023, the stock has seen a cumulative decline of nearly 95%. Industry insiders point out that wi

May 18 – Citibank stated in a newly released research report that quantum computing technology is advancing faster than the market anticipated, amplifying potential security risks to cryptocurrencies and global internet infrastructure, with Bitcoin designated as one of the assets facing the "highest exposure" to these threats. The report points out that the ECDSA elliptic curve encryption system currently used by Bitcoin could theoretically be compromised by a sufficiently powerful quantum computer. In the future, attackers will be able to derive private keys from publicly known public keys, allowing them to forge transactions and steal user assets. Citigroup analyst Alex Saunders noted that due to Bitcoin’s conservative governance structure and slow pace of protocol upgrades, it is far more difficult for the network to quickly roll out quantum-resistant improvements compared to proof-of-stake (PoS) blockchains like Ethereum. The report estimates that approximately 6.5 million to 6.