Semi-MatureGovernanceVote

According to SoSoValue data, last week (5/18-5/22), HYPE spot ETFs recorded net inflows of $72.38 million, including $35.96 million for BHYP and $32.07 million for THYP, both setting new historical highs for net inflows. As of the time of publication, the total net asset value of HYPE spot ETFs is approximately $89.20.09 million, with a net asset ratio of 0.68%, and historical cumulative net inflows of approximately $74.90.90 million.

Hark completes $700 million Series A funding, post-investment valuation of $6 billion, led by Parkway Venture Capital, with participation from NVIDIA, AMD Ventures, and others. The funds will expand GPU infrastructure, accelerate large model research and development, grow the team to 200 people, and develop next-generation AI hardware, aiming to create a personal intelligent system with voice interaction, visual understanding, persistent memory, and highly personalized features.

CryptoWorld News: LayerZero Labs discloses KelpDAO bridge attack, approximately 116,500 RSETH stolen, with a market value of about $292 million. The attacker poisoned RPC infrastructure and overwhelmed external nodes, forging cross-chain messages, prompting applications to adopt 1-to-1 DVN configurations. The incident only affected KelpDAO's 1-to-1 setup and did not impact other assets or applications. Occurred on 2026-04-18. LayerZero is improving risk configurations and will no longer sign any application messages with 1/1 configurations.

Canadian publicly listed company Republic Technologies announces the integration of Sign's products into the capital markets and listed company workflows, focusing on verification, identity, programmable capital, and settlement-related listed equity. This move marks the first time Sign's software system has been adopted by a publicly listed company, demonstrating its expansion from on-chain infrastructure to traditional capital markets, with potential future applications in auditing, compliance, and information disclosure processes.

CryptoWorld News reports that Chainlink’s CCIP now secures more than $110 billion in on-chain value, surpassing DeFi oracles, marking its core role in digital assets and tokenized financial infrastructure. According to the latest data, about $60 billion is related to cross-chain tokens, while about $50 billion is used for DeFi data sources, helping to price loans, derivatives, and stablecoins. Chainlink’s Total Value Secured (TVS) is defined as the dollar value of assets whose secure operation depends on its services, covering loans, derivatives, stablecoins, and cross-chain tokens. Chainlink’s dashboard shows that the secured amount in DeFi is $47.33 billion, reflecting a significant contribution to the growth of cross-chain liquidity.

Mars Finance News: HyperLend has launched the institutional credit platform Aviya on HyperEVM, built on Hyperliquid, providing structured credit access for institutions. Aviya offers bilateral fixed-rate financing, initially collateralized with HYPE, with plans to expand to more asset classes later. The official statement says Aviya will become the core of Hyperliquid's lending layer, supporting capital formation, leverage, and structured financing for native assets and future tokenized assets, and will deepen cooperation with Hyperion to promote the introduction of institutional capital.

Mars Finance News: On May 21, Zhejiang Oriental announced that the company plans to acquire a 4% stake in Hangzhou United Bank from its controlling shareholder, Zhejiang State International Trade Group, at a price of 10.65 yuan per share. The transaction involves 87,218,518 shares, with a total consideration of approximately 929 million yuan. This transaction constitutes a related-party transaction and does not involve a major asset restructuring. After the transaction is completed, the company will hold a total of 7.94% of Hangzhou United Bank’s shares. This transaction is still subject to approval by the National Financial Regulatory Administration or its dispatched offices, as well as approval by the company’s shareholders’ meeting. (Company Announcement)

Trump stated at the White House that Iran must hand over its high-enriched uranium, which the U.S. is likely to destroy once received, and the outcome of US-Iran negotiations remains to be seen. Additionally, according to PolyBeats monitoring, Polymarket predicts the probability of Iran stopping uranium enrichment as 9% by the end of May, 23% by the end of June, and 52% by the end of the year.

CryptoWorld News: A whale has increased its short position in ZEC by 2,975.21 coins on the HyperLiquid platform, approximately $2.1216 million. The current position size is $11.4294 million, with the average price adjusted from $670.69 to $671.36. The current profit and loss is -$105,909.36, a decline of -9.27%. The current ZEC price is $677.64, with a liquidation price of $1,638.95. This whale has long relied on market oscillations during downward trends, simultaneously going long on BTC and short on HYPE. Currently, with a total scale of $50 million in long BTC positions, the full-cycle profit exceeds $37 million.

Crypto News, Abraxas Capital's main address increased its short position in SOL by 11,496.24 tokens on May 21, 2026, approximately worth $1,014,530.91.
The current holdings of this address amount to $5,243,384.41, with the average price adjusted from $86.48 to $86.38, and a current profit and loss of +$17,977.60 (+3.43%).
The current token price is $86.09, with a liquidation price of $262.17.
This address started building a position since May, was once the largest whale in HyperLiquid with the maximum contract fund size, and has been taking profits since November, with holdings once reaching $920 million.

BlockBeats News: On May 21, as HYPE reaches a new high, on-chain bullish and bearish sentiments diverge again. As of press time, the largest short position loracle.hl has an unrealized loss of approximately $25.9 million, with 1.82 million HYPE shorts, currently valued at about $109.5 million, with a liquidation price of $68.8. The largest long address has an unrealized profit of about $28.64 million, having opened a long position of 1.38 million HYPE at $38.6 in November last year, holding the position for 7 months.

CoinWorld news: Variational predicts that RWA perpetual contracts will soon become the largest contract category in decentralized finance (DEFI), surpassing Bitcoin and Ethereum. The company raised $50 million in a financing round led by the global investment fund Dragonfly, with participants including Bain Capital Crypto and Coinbase Ventures. The funding will be used to expand the company’s derivatives trading services in the Cayman Islands. Variational said that since it was established in 2025, it has handled more than $200 billion in trading volume, and the new funds will help it directly channel liquidity from traditional markets over the coming months.

CryptoWorld News reports that Michael Saylor of Strategy stated, "Our company may purchase all the Bitcoin mined from now until 2140." He added, "The credit market itself is absorbing all organic Bitcoin supply from now to eternity."

According to Tanaka’s research, RWA is growing rapidly, but DeFi has benefited from it almost not at all. On-chain gold and other bulk assets are about $7 billion, while active DeFi liquidity is only about $184 million. Tokenized stock trading volume is fairly good, but its impact on DeFi is minimal. Most tokenized government bonds are KYC-enabled on-chain PDFs; despite large asset sizes such as BUIDL, FOBXX, USTB, and OUSG, transfers are still subject to whitelists, agents, qualified buyer reviews, redemption windows, and compliance restrictions.

BlockBeats reported on May 21 that Syndicate Labs announced it will cease operations due to the lack of improvement in the on-chain infrastructure market for customizable Ethereum Rollups and sequencers after five years.
The Ethereum scaling market is dominated by three major players: Arbitrum One, Base, and OP Mainnet, collectively accounting for about 75% of the market, pushing out smaller companies.
Syndicate Labs received a $20 million investment from A16Z in 2021.
This decision caused the SYND token to plummet approximately 21% within nearly 3 hours, dropping to $0.012, down about 99.5% from its peak of $2.61.
Syndicate Network Collective operates independently of Syndicate Labs, and the SYND governance is not affected, nor is it related to the previous bridge asset theft incident.