Crypto custody firm Copper is seeking to sell for a valuation of $500 million.

On May 21st, monitoring from LookOnChain indicates Grayscale is acquiring HYPE. The firm previously submitted an S-1 registration for a HYPE ETF back in January this year. Over the past week, two wallets associated with Grayscale have collectively purchased 510,387 HYPE tokens—valued at roughly $24.95 million—and have staked these tokens.

May 21: The Wall Street Journal reported that Anthropic’s second-quarter revenue is on track to more than double, hitting $10.9 billion. This torrid growth will let the startup turn its first profit, with an estimated $559 million in operating earnings for the quarter. Anthropic disclosed these figures to investors during an ongoing funding round, a move that’s likely to value the company higher than rival AI leader OpenAI. The projections offer a glimpse at how quickly this once-lagging AI startup has climbed in the industry—undermining the long-held belief that massive spending by major AI firms derails short-term profitability.

May 21 — per sources familiar with the matter — U.S. President Trump is expected to issue an executive order as early as Thursday aimed at bolstering artificial intelligence cybersecurity, and has invited tech industry leaders to join the signing event. The order Trump is set to sign would revamp the existing cybersecurity information-sharing program to include AI companies, but it will not mandate federal approval for state-of-the-art AI models. Instead, it will call for the government to conduct voluntary testing of advanced AI systems to spot and fix vulnerabilities in federal, state, and local networks, as well as U.S. critical infrastructure, with no need for broad new regulations. Invitations have been extended to several tech executives for Thursday’s White House signing ceremony, though it’s still unclear who will actually attend.

May 21 (The Information) — The White House briefed Anthropic, OpenAI, and other AI companies on a voluntary "pre-release model evaluation" program Tuesday. A U.S. government framework requires AI labs to share their models up to 90 days prior to release, and the administration could sign an executive order as early as Thursday to put this framework in place.

A smart trader who made $1.4M on $ALON spent $12.6K to buy 5M $VIRL over the past 2 days, right after $VIRL was added to the Pump.fun ecosystem page.

May 21: According to HTX market data, HYPE is currently trading at $56.2. Hyperliquid’s fully diluted valuation (FDV) has reached $541.07 billion, surpassing Solana’s $540.82 billion FDV.