Arthur Hayes' associated address deposited 115,400 HYPE and 1,760,000 AERO into the CEX.

May 23 — Data shows the U.S. stock market’s 2026 Shiller P/E ratio has risen to roughly 39.5 to 41.7, marking the highest level in 25 years and coming in just below the roughly 44x peak hit during the 1999 internet bubble. Analysts point out this round’s valuation surge is largely driven by the AI theme, with gains fueled by tech giants spanning semiconductors, cloud computing, and AI infrastructure. A handful of large-cap tech stocks have accounted for most of the S&P 500’s gains, stoking concerns the current trend mirrors the 1999 internet bubble. However, a new report argues today’s landscape is distinct from the late 1990s: unlike the host of unprofitable internet firms back then, today’s AI industry leaders boast strong cash flows, mature business models, and high profit margins—providing far stronger fundamental support. The current AI investment frenzy has also expanded into data centers, energy, power grids, and enterprise-level AI applications. Still, analysts warn th

May 23: Japanese yen stablecoin issuer JPYC announced that its second round of Series B financing is on track to wrap up, bringing the company’s total cumulative funding to around 5 billion yen. New investors joining this round include Life Design Fund, IHD STRATEGY FUND, funds affiliated with Awa Bank, and Meiji Yasuda Future Co-Creation Fund. JPYC said the new capital will be allocated primarily to system and application development, hiring talent to drive business expansion, scaling its stablecoin payment and management operations, and building machine-to-machine (M2M) payment scenarios powered by AI Agents. In 2025, JPYC secured a fund transfer service provider license issued by Japan and launched the JPYC stablecoin, which is pegged 1:1 to the Japanese yen, the same year. The company reported that within approximately seven months of launch, it has amassed 18,000 accounts, with cumulative issuance exceeding 2.5 billion yen and total transaction volume topping 35 billion yen. Cu

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.