US Stock Market Surges, Attracting Capital into the Chainlink Ecosystem: HIP-3 Holdings Reach All-Time High, with Trade.xyz Accounting for 94.2%

May 27: The Iranian Revolutionary Guard Navy announced that vessels from hostile countries remain prohibited from transiting the Strait of Hormuz. So far, 23 vessels have passed through the waterway, with the remaining ones expected to continue transiting in the coming hours.

On May 27, SoFi Technologies announced that its U.S. dollar-pegged stablecoin, SoFiUSD, is now accessible to all of its 14.7 million members. Users can directly purchase, sell, hold, and trade the stablecoin within the SoFi app. This marks the first stablecoin offering issued by a U.S. national bank and integrated into a retail banking platform’s interface. SoFiUSD currently runs on both Ethereum and Solana blockchains. The company plans to add additional features to the stablecoin in upcoming updates, including FDIC-insured tokenized deposits, cross-border transfer functionality, and connectivity with the Bullish exchange.

On May 27, analyst @alicharts notes that Ethereum’s MVRV (Market Value to Realized Value ratio) is currently approaching the 0.8 level. Historical data indicates this range represents a high-probability macro accumulation window. The chart from the analyst places Ethereum’s MVRV 0.8 line at $1868.

May 27th (Wednesday) – The cryptocurrency market hit a critical crossroads midweek. After failing to sustain a move above $78,000 on Tuesday, Bitcoin dipped below what analyst Tom Lee defines as the "Bear Market Line" at $76,000 and is now closing in on the $75,000 support level. Ethereum also pulled back from its Tuesday peak of $2,150, slipping toward the $2,000 mark before bouncing back to around $2,050. Meanwhile, AI-themed tokens RENDER, FET, and NEAR gave back most of their Tuesday gains. The crypto’s performance stood in sharp contrast to U.S. equities: S&P 500 and Nasdaq 100 futures both notched fresh all-time highs, advancing roughly 0.3%. In derivatives markets, crypto futures trading volume surged 54% to $201 billion over the past 24 hours, while liquidations spiked 87%. This uptick is largely tied to post-U.S. holiday trading activity, however. Bitcoin open interest climbed to 740,000 coins, with a negative 24-hour trade volume delta—an indicator that traders are actively

May 27th: Top trader Killa (@KillaXBT) noted in a post that from a 180-day realized price standpoint, investors likely haven’t spent enough time in loss positions during this latest correction. Historical data shows bear markets typically involve extended stretches of consistent losses, leaving many investors holding long-term unrealized losses. If history repeats itself, the current correction could take more time to play out, and the market may still need a lengthier bottoming process.

May 27, per Hyperinsight Monitoring: The largest BTC short position on Hyperliquid belongs to on-chain whale "pension-usdt.eth" – a trader previously focused on short-term positions who has been forced to hold this short for nearly two months. Over the past 30 minutes, the whale reduced its ETH short position for the first time around the $2,080 level, resulting in approximately $3.35 million in liquidations. As of press time, the whale is still actively placing buy orders. The address’s current holdings are as follows: - 3x leveraged BTC short: $75.86 million in size, with an unrealized loss of $7.87 million (a 32.4% decline) and an average entry price of $67,992; - 3x leveraged ETH short: $37.86 million in size, with an unrealized profit of $870,000 (a 3.6% gain) and an average entry price of $2,131. Background: Since April 1, this whale has heavily shorted BTC, amassing a large unrealized loss that peaked at $16 million before later adding ETH short positions. Thanks to recent pr