SAGA Contract OI/Market Cap Ratio Rises to 2.48, Contract OI Surges Over 43% in 24 Hours

May 26 – Binance is set to launch OPENAI U Perpetual Futures Pre-IPO Trading, with its go-live time scheduled for May 26, 2026, at 16:30 UTC+8.

On May 26, Sharqarlsh, a spokesman for Iran’s Armed Forces Chief of Staff, stated that Iran is prepared for war. He warned that if the U.S. and Israel launch a new attack, Iran’s response will be more intense and will involve new tactics. The spokesman also added that should war resume and Iran’s exports be banned, Iran will block oil shipments throughout the region. (CCTV News)

As of May 26, short interest in the U.S. stock market has hit a multi-year peak. For the median S&P 500 stock, short interest now stands at 3.0% of its market capitalization—its highest level since 2012, and double the rate recorded during the 2020 pandemic. For context, during the 2008 financial crisis, the median S&P 500 stock’s short interest reached 3.8%. Meanwhile, short interest among the top 10% of most-shorted stocks in the S&P 500 has climbed to 8.0% of market cap, marking its highest point since 2018. Both of these metrics are even higher than levels seen in the bear market that followed the 2000 dot-com bubble burst. This dynamic has the market on alert for a potential short squeeze: a scenario where a large number of short positions are forced to cover en masse, triggering a rapid, sharp upward move in prices in the near term.

May 26 — According to Bitget’s market data, Japan’s and South Korea’s stock markets finished mixed on May 26. The Nikkei 225 Index closed down 162.10 points, or 0.25%, to 64,996.09 points. South Korea’s KOSPI Index, meanwhile, jumped 199.8 points, a 2.55% gain, to end at 8,047.51 points.

May 26th – Recently, Huobi HTX officially launched its C2C SVIP Exclusive Station, designed to deliver premium, exclusive asset services for high-net-worth users. The SVIP Station focuses on core needs such as asset security, transaction efficiency, service experience, and liquidity assurance, building a deterministic, end-to-end service system covering every stage of transactions. This expands Huobi HTX’s C2C product lineup—its full lifecycle matrix of "Classic Station, Featured Station, SVIP Exclusive Station"—marking the platform’s evolution from a trading hub to an asset service system tailored for users across different segments. The new SVIP Exclusive Station offers six key benefits: curated high-quality merchants, large-transaction privileges, an exclusive liquidity network, dedicated risk control, a personal wealth manager, and priority processing channels. These features give high-net-worth users a more secure, efficient, and stable asset circulation experience. On the merch

As of May 26, a Coindesk report shows the total global stablecoin market capitalization has crossed $322 billion, reaching an all-time high. This size exceeds the official foreign exchange reserves of emerging economies like Poland, Thailand, and Mexico, as well as developed economies including the U.K., Canada, and the United Arab Emirates. Currently, only 14 economies—such as China, Japan, Russia, India, Taiwan, and Germany—hold foreign exchange reserves larger than the total stablecoin market cap. Stablecoins have become a core pricing and settlement medium for cryptocurrency asset trading, letting users hedge against crypto price volatility without frequent conversions to fiat currency. In decentralized finance (DeFi) protocols, stablecoins serve as a fundamental settlement tool; in cross-border payments, their low cost and high efficiency make them a viable alternative for remittances in areas where traditional banking channels are inadequate or too expensive. A recent Bank for I