According to Lookonchain monitoring, a whale transferred 489 BTC, worth approximately $39.59 million, to Binance one hour ago. Data shows that this address purchased the BTC at an average price of approximately $90,144 four months ago. If sold at the current price, the estimated loss would be approximately $4.45 million.

According to data from msx.com, crypto stocks generally fell in pre-market trading in the US, with CRCL down 0.17%, COIN down 2.22%, MSTR down 2.58%, SBET down 2.32%, and HOOD down 2.03%. msx.com is a decentralized RWA trading platform that has listed hundreds of RWA tokens, including US stock and ETF tokens such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.

According to Arthur Hayes' latest article, "The Butterfly Touch," published by Odaily Planet Daily, the cryptocurrency bull market officially began on February 28, 2026, following the US military action against Iran. He believes Bitcoin had already bottomed out around $60,000, and with the release of liquidity from the US dollar and the Chinese yuan, a return to $126,000 is a certainty. He predicts that the upward trend will accelerate after breaking through $90,000. Hayes points out three key factors driving the expansion of fiat currency credit: first, the US-China AI capital expenditure race, with both countries viewing AI as a core national security issue, forcing the Federal Reserve and the People's Bank of China to maintain a loose financial environment to support the expansion of tech giants; second, war-induced inflation, as the US-Iran conflict accelerates the restructuring of global supply chains and the dollar system, potentially requiring the US to maintain stability through dollar swaps and relaxed banking regulations; and third, the Trump administration's political need to maintain a loose credit environment and a rising capital market before the 2028 US presidential election.

According to Onchain Lens monitoring, a whale deposited 5,820 ETH, worth $13.3 million, into OKX and Bybit after a one-month hiatus.

Odaily Planet Daily reports that the U.S. Senate Banking Committee released a new 309-page draft of the CLARITY Act on May 12. However, Section 404 of the draft prohibits rewards "simply for holding" stablecoins. Specifically, any regulated entity may not directly or indirectly pay any form of interest or income (whether cash, tokens, or other consideration) to a restricted recipient simply because that restricted recipient holds its stablecoins, or pay stablecoin balance rewards in a manner economically or functionally equivalent to paying interest or income on an interest-bearing bank deposit. However, the latest draft also allows for stablecoin rewards and incentives based on real activity or transactions, such as rewards linked to participation in actual transactions, payments, platform activities, or providing liquidity.