US Stock Futures Surge Pre-market, Crypto-related Stocks Up Across the Board, Semiconductor and Storage Sectors Rally, Intel Soars 4.44%

May 20: Wall Street quantitative trading giant Jane Street is being sued by the Terraform Labs bankruptcy trustee, who accuses the firm of accessing insider information ahead of the May 2022 collapse of the Terra (UST) stablecoin through a private Telegram group called "Bryce's Secret." The group was set up by Bryce Pratt—then an intern at Terra who was also working at Jane Street—and his former colleagues. According to the lawsuit, this group helped Jane Street offload roughly $192 million in UST just before the stablecoin collapsed, and the firm later earned around $134 million via short selling. The complaint also notes that Jane Street’s largest single trade occurred only nine minutes after Terraform withdrew $150 million in liquidity from the Curve pool—a move the suit claims triggered UST’s price destabilization. The case aims to recoup these profits to repay creditors, and specifically names Jane Street co-founder Robert Granieri and trader Michael Huang. Jane Street has denied

May 20 – A report from Caixin notes that the global tax transparency framework CRS 2.0 is accelerating its worldwide rollout, with crypto assets, central bank digital currencies (CBDCs), and various digital currency products now added to the scope of required financial asset declarations. Hong Kong, China, plans to implement CRS 2.0 by 2028, and it will also launch the Crypto-Asset Reporting Framework (CARF) simultaneously. Going forward, cryptocurrency exchanges, brokers, and crypto ATM operators will need to report three types of activities: crypto-to-fiat currency conversions, cross-border crypto swaps, and both domestic and international cryptocurrency transfers. All reports must list the full names of assets (e.g., Bitcoin (BTC), Ethereum (ETH), Tether (USDT)) and calculate total market value, total holdings, and transaction counts broken down by individual trade. Retail payment transactions over $50,000 USD will require separate reporting. While mainland China has not offic

On May 20, monitoring by OnchainLens revealed that the whale identified as Evaded (handle: @ICanPlug) opened a new long position of 8,000 ETH with 25x leverage, valued at $17 million. The entity continues to hold long positions in ZEC and HYPE at 10x leverage, with current profits exceeding $2.3 million.

On May 20, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that a specific address spent $463,000 over the past two hours to buy 489,000 Ethereum-based meme tokens called sato, with an average purchase price of $0.9465 per token. Currently, this address holds 2.69% of the total token supply, making it the largest whale holder of sato. BlockBeats reminds users that meme tokens often lack practical real-world use cases and are prone to sharp price volatility, so investors should exercise extreme caution when dealing with such assets.

May 20th: Per Onchain Lens’ monitoring, whale address 0x082 opened a 5x leveraged long HYPE position valued at $68 million, and is now sitting on over $15 million in floating profits. Meanwhile, whale loracle.hl (@loraclexyz) holds a 5x leveraged short HYPE position worth $73 million, currently nursing a loss of more than $10 million.

May 20: Per monitoring from LookOnChain, a crypto whale with wallet address 0xf605 has deposited 19 million USDC into the Hyperliquid exchange over the past three hours to buy HYPE tokens. So far, the whale has acquired 76,600 HYPE tokens worth $3.8 million and continues to accumulate more positions. According to HTX market data, HYPE briefly spiked above $49.5 earlier today.