Arthur Hayes: I bet that Bitcoin will surpass $110,000 before retracing to $76,500

May 27 — Base announced via official sources that it has officially rolled out Base MCP, a new feature allowing users to connect their Base accounts to an AI Agent and perform direct on-chain operations like transfers, token swaps, asset queries, and protocol interactions through a chat interface. This tool integrates with MCP-supported AI clients including Claude, OpenAI ChatGPT, and Cursor, and covers key Base ecosystem protocols: Morpho, Moonwell, Aerodrome, and Uniswap. To access Base MCP, users only need to log into their Base accounts via OAuth 2.1 to authorize the AI Agent to send transaction requests in the chat window. Supported actions include cross-chain asset checks, fund transfers, swaps, perpetual contract trading, participation in new token sales, and engagement with AI Agent-focused projects. Importantly, all transactions require manual confirmation: the system does not hold or access user private keys at any point. Transaction requests appear in a Base account pop-up

On May 27, Umbra and Streamflow launched their private token ownership feature on Solana, enabling projects to securely implement large-scale token ownership and distribution. Powered by Arcium’s cryptographic execution engine, Streamflow’s clients can keep using their existing distribution mechanisms—including time locks and price triggers—while gaining the ability to conceal actual token transfer records. Recipients will receive ownership tokens directly to their Umbra wallet, and every new ownership plan added expands Umbra’s shared anonymity pool. This in turn strengthens privacy protection capabilities for users and applications across the entire network.

Pump.fun announced a major platform upgrade on May 26, officially launching its frictionless cross-chain trading feature. Users can now trade assets across multiple EVM-compatible chains—including Ethereum, Avalanche, and BNB Chain—directly within the app. The update is built to deliver a unified "one wallet, one asset, multi-chain trading" experience, aiming to cut down on the complexity of cross-chain operations. Key to the new functionality: users transact with a single wallet, no cross-chain bridging required, and they don’t need to hold native gas tokens for individual chains. Pump.fun leverages Solana as its settlement and gas subsidy medium for this system, which also auto-generates multi-chain wallets to let users seamlessly access transactions for various EVM ecosystem assets. Per the official announcement, this update will make it far easier for users to capitalize on cross-chain market opportunities.

On May 26, per Bloomberg, former New York Fed President Dudley warned that the Federal Reserve’s reputation as an “inflation fighter” is at risk due to its repeated failure to hit the 2% inflation target over the long term. “We’ve been running above the Fed’s inflation target for more than five years,” Dudley said. “And there’s a danger that inflation expectations could eventually become unmoored.” His comments underscore the mounting challenge facing newly appointed Fed Chair Jerome Powell. Powell assumed leadership of the central bank at a time when the Consumer Price Index (CPI) notched its largest one-month jump since 2023, and former President Donald Trump consistently criticized him for failing to ease monetary policy. Dudley maintains that Powell’s appointment and Trump’s persistent pressure to cut interest rates have only compounded the Fed’s credibility challenge.

May 26 — Official sources confirm that Coinbase has announced it will launch spot trading for MetaDAO and Derive on May 27, 2026. The META-USD and DRV-USD trading pairs will be available for trading starting at 9:00 AM PT, though the launch time may be adjusted to a later window if liquidity conditions are not met. Both pairs will be officially enabled in all supported trading regions.

May 26 — The Wall Street Journal issued a correction to an earlier report, stating that a spokesperson for U.S. Central Command clarified the U.S. has not restarted its "Freedom Plan," and reports of the plan’s relaunch are inaccurate. Earlier, the Journal had reported that U.S. military officials disclosed the U.S. Navy had resumed assisting vessels transiting the Strait of Hormuz, framing that escort operation as the restart of the "Freedom Plan."