Bitcoin (BTC) makes a slight rebound in the short term, temporarily trading around $81,000 as of May 13. Aave announced that the first phase of the rsETH technical recovery plan has been completed, and related work will be gradually restored over the coming days. Wall Street’s first Hyperliquid ETF has been launched; its closing day trading value was $1.8 million, with performance described as “very solid”.
Macro Events & Crypto Market Hot Spots
1、In an official Aave announcement, the first batch of steps in the rsETH technical recovery plan has been completed, including destroying the rsETH attacker on Arbitrum. In the next few days, LayerZero OFT adapters will gradually be replenished and rsETH operations will be reopened. Kelp said that within the next two weeks, 117,132 rsETH will be gradually filled from the Aave Recovery Guardian and Kelp Recovery Safe into the LayerZero OFT adapters on the mainnet. rsETH on the mainnet and L2s will always remain fully supported.
After Kelp makes the first batch of withdrawals to the LayerZero OFT adapters, it is tentatively scheduled to resume suspension within 24 hours. All rsETH operations—deposits, redemptions, bridging, and claims—will return to normal after the contract unpause.
2、21shares launched a 21shares Hyperliquid ETF on the Nasdaq with the Hyperliquid token HYPE as its underlying asset (ticker THYP). The product is backed by physical HYPE and opens staking functionality, with a management fee of 0.30%. Pricing data is provided by FTSE Russell.
Bloomberg ETF analyst James Seyffart said that 21Shares’ Hyperliquid ETF (THYP) was launched on Tuesday, with good trading volume performance on its first day. “THYP’s closing day trading value was $1.8 million. Its performance is very solid—definitely better than the average ETF launch—but it also doesn’t have anything particularly outstanding,” Seyffart said. Analysts said that Bitwise’s Hyperliquid ETF is likely the next product to launch.
News Flash
1、The x402 protocol has supported batch settlement, enabling large-volume small payments
2、Anthropic is in talks to raise at least $30 billion in funding at a valuation of $90 billion
3、The first phase of the rsETH technical recovery plan has been completed; related work will be gradually restored over the coming days
4、Wintermute: With weak spot demand, Bitcoin’s uptrend is fragile and may face a reversal in the short term
5、Ethereum Foundation provides support for Clear Signing as a crypto security solution
6、JPMorgan will launch a second tokenized money market fund on Ethereum
7、A U.S. appellate court temporarily halts an unfavorable ruling against Trump’s 10% global tariff
8、Wosh confirms appointment as a Fed governor, and confirms that the chair’s vote is expected to be held on Wednesday
9、The UAE and Saudi Arabia previously attacked Iran, and Gulf countries have started “fighting back”
10、Stablecoin yield project Osero completes $13.5 million in funding, led by Sky Ecosystem
Market Trends
1、Latest Bitcoin news: $BTC makes a slight short-term rebound, temporarily around $81,000. In the past 24 hours, $66.92 million has been liquidated, with long positions being the main trigger;
2、U.S. stocks closed lower on May 12, with chip stocks leading the decline and dragging the broader market down. Inflation was higher than expected, and oil prices broke above $100 again, prompting investors to pull out of risk assets. The S&P 500 fell 11.88 points, down 0.2%, to close at 7,400.96. The Nasdaq fell 185.93 points, down 0.7%, to close at 26,088.20. The Dow Jones Industrial Average rose 56.09 points, up 0.1%, to end at 49,760.56. The Philadelphia Semiconductor Index plunged 3%; at one point during the day it fell as much as 6.8%, marking the largest intraday decline in over a year. As of this year to date, it is still up more than 60%.
（Source: Gate）
3、In the Gate BTC/USDT liquidation map, based on the current 80,721.70 USDT: if it falls to around $79,489, the cumulative value of liquidated long positions will exceed $182 million; if it rises to around $81,867, the cumulative value of liquidated short positions will exceed $335 million. The liquidation amount for shorts is significantly higher than for longs. It is recommended to reasonably control leverage ratios and avoid triggering large-scale liquidations when market conditions change.
（Source: Coinglass）
4、Within the past 24 hours, BTC spot inflows were $1.98 billion, outflows were $2.1 billion, resulting in net outflows of $120 million.
（Source: Coinglass）
5、Within the past 24 hours, net outflows led for $ZEC, $DOT, $BNB, $LAB, $SAGA contracts, indicating trading opportunities.
Selected Perspectives from X KOLs
Phyrex Ni（@Phyrex_Ni）: “When WTI closed, it was already $102. My position has come back to roughly where it was, and my liquidation price has also been reset to above $120. I hope the friends who are looking to short WTI or CLUSDT pay attention to this. The probability of trading news is too high right now. If a short-term news window comes, it could make the price ‘shoot through a needle,’ but in the long run, I still firmly believe WTI will definitely fall.”
“Today the U.S. Energy Information Administration also released the latest information, saying that the end of May 2026 should be when the Strait of Hormuz becomes passable. The main reason is that after that point, pressure on global oil will increase significantly. What Iran will have to face likely won’t be just the United States. Personally, I strongly support this judgment. Right now, all kinds of signs show that even China is urging Iran to reopen the Strait of Hormuz.”
“Also, from the CPI data released today, you can see that U.S. inflation not only jumped sharply, but also came in above expectations. The market’s reaction has been quite poor, dragging U.S. equities lower. This basically means the Fed’s need to consider rate cuts again. Even if Wosh successfully becomes Fed chair, he still can’t just cut rates directly under these circumstances. So I’ve always thought that oil prices going up has limited room, and there’s more downside space.”
“But the problem is: if you short CLUSDT, the funding rate is a bit too high. From opening positions last Sunday until now, my funding rate has already exceeded 12%. Yesterday I was muttering about it, and I actually got it right. Today it’s just unrealized losses on the books. I don’t even know how long I can keep shorting in this kind of situation.”
“Looking back at Bitcoin data: today’s pullback is still synchronized with U.S. stocks, still the aftermath of a big surge in U.S. CPI. This is very normal. The continuous explosion of AI has made many investors ignore the macro impact. This round of CPI data is very likely to be a bucket of cold water, forcing investors to face the problem of rising oil prices again.”
“So $BTC the likely driver of the next up or down move is still tied to the U.S.-Iran issue. Trump’s pressure has increased. This time when he visits China, he hopes to bring back some good results—especially hoping China can exert greater pressure on Iran to open the Strait of Hormuz.”
Preview for Today
1、China April-end M2 money supply (year-over-year), prior value was 8.5%
2、Eurozone Q1 GDP revised value (quarter-over-quarter), prior value was 0.1%
3、Eurozone Q1 GDP revised value (year-over-year), prior value was 0.8%
4、U.S. April Producer Price Index (year-over-year), prior value was 4.0%
5、U.S. last week EIA crude oil inventory change (ten thousand barrels) (to 0508), prior value was -231.3
6、IEA releases its monthly crude oil market report
7、OPEC releases its monthly crude oil market report
8、Boston Fed President Collins delivers remarks at the Boston Economic Club
