A certain whale closed a short position of over $100 million in ETH and instead went long with $13.43 million in BTC

May 26 – On-chain analyst Yu Jin says cryptocurrency trading platform Kraken redeemed 50,600 ETH from staking project EigenCloud 11 hours ago, worth approximately $107 million. The staking sector’s total value locked (TVL) has slumped from $31 billion last August to $11 billion overall, with leading project EigenCloud (formerly known as EigenLayer) seeing its own TVL plunge from $22 billion to $5.5 billion.

May 26: Per official sources, Binance has announced support for the migration of the Sei (SEI) network to the SEI EVM network. Starting around 08:00 UTC on June 1, 2026, Binance will suspend deposits and withdrawals for the original Sei network, and will cease supporting deposits and withdrawals on this original network afterward. Notably, trading of SEI tokens will remain unaffected. Binance will handle all relevant technical requirements for users. After the migration is completed, deposits and withdrawals for Sei (SEI) tokens will only be supported via the SEI EVM network, and no further announcements will be issued. For additional details, please refer to the official announcement from the project team.

SAO PAULO, Brazil — May 26 — A joint survey from Mercado Bitcoin and Opinion Box finds cryptocurrency is gaining traction in Brazil’s financial sector, with 16% of Brazilian investors now holding digital assets in their portfolios. The poll also reveals that 56% of Brazilians who have never invested in crypto are eager to enter the market down the line. The data signals Brazil’s crypto industry is maturing, as local investors stay conservative and prioritize security above all. The go-to investments for Brazilians remain Time Deposit Certificates (56%), followed by savings accounts (49%). Notably, digital assets are being used to diversify investment portfolios rather than replace traditional options entirely; nearly half of crypto investors still keep funds in savings accounts. The results also highlight a strong sense of opportunity: 61% of Brazilians see Bitcoin’s recent drop as a favorable buying chance, and that number jumps to 79% among those who already own crypto. Meanwhile,

On May 26, DeFi yield protocol Pendle Finance announced that synthetic dollar asset apxUSD (maturing November 2026) from Apyx Finance has officially been integrated into BNB Chain. Users can now access a fixed-income strategy built on STRC via Pendle, with the current fixed APY hitting 13%. Issued by Apyx and collateralized by preferred equity from Digital Asset Treasuries (DATs), apxUSD currently comprises Strive’s SATA and Strategy’s STRC. While apxUSD itself doesn’t generate yield, it can be split into principal tokens (PT) and yield tokens (YT) on Pendle. Pendle notes that YT holders gain access to higher-leverage exposure to Apyx, while PT delivers a fixed return above STRC’s dividend yield. Liquidity providers (LPs), meanwhile, earn both protocol revenue and points-based incentives simultaneously.

May 26: According to Hyperinsight monitoring (via their Telegram channel @HyperInsight), over the past hour, the so-called "13 Million Whale" wallet on Hyperliquid has seen two liquidations of its BTC long positions, totaling 130.8 BTC (≈$10.01 million). This wallet has held the title of the network’s largest liquidation address for two consecutive days. At 6 PM ET yesterday: The BTC short positions held by this wallet were liquidated sequentially, with a total of 169.5 BTC (≈$13.15 million) force-closed. The wallet used its remaining $220,000 in collateral to open a 40x leveraged BTC long position. At 8 AM ET today: A drop in BTC’s price to roughly $76,650 hit the liquidation threshold, leading to another liquidation of the wallet’s BTC long positions. Combined, the two liquidations resulted in a total loss of $308,000 over the 48-hour period. Wallet Address: 0x2fc3195efbf91ad90854bc3c02fe739895c23460

May 26. Over the past week, Bitcoin’s price slid from roughly $79,000 to a local low around $74,000 before bouncing back to near $77,000. Its price momentum dropped 21.7%, signaling a sluggish trend and building selling pressure. Meanwhile, spot crypto volume delta (CVD) and perpetual CVD rose 77.2% and 35.5% respectively, suggesting selling pressure is easing and the market is moving toward balance. Market activity has also cooled off: spot trading volume fell 10%, while futures open interest dipped 3.5%, pointing to fading speculative interest and a more wary market tone. That said, hints of fresh risk appetite are starting to surface. The long-position funding rate surged 135.4%, underscoring robust demand for bullish bets and a shift toward more optimistic sentiment. In the options space, the 25-delta skew edged up, meaning a small rise in demand for downside protection, while open interest stayed steady—showing positions are still holding. Turning to traditional markets: the MV