Regulatory Pressure Amid Divergent ETF Flows (2026-05-12)

ZachXBT: Crypto KOL Yelo charged with laundering money for threat actors through his car rental business, facing up to 30 years in prison

On-chain investigator ZachXBT tweeted that crypto KOL and former Fortnite pro player Yelo has been charged for laundering money for threat actors through his luxury car rental business, facing up to 30 years in prison.

The charges include conspiracy to commit money laundering and harboring an alien in the United States.

[Foresight News]

Bitmine plans to hold 5% of the Ethereum supply by the end of 2026.

Bitmine Chairman Tom Lee stated that Bitmine purchased 26,659 ETH last week, a slowdown from the previous rate of over 100,000 ETH per week, but still plans to hold 5% of the circulating supply of Ethereum by the end of 2026. Currently, the company’s total staked Ethereum exceeds 4.70 million, with an estimated annual reward of approximately $352.00 million after all are staked.

Tom Lee believes that if the closing price of Ethereum is above $2,100.00 at the end of May, it will confirm that “crypto spring” has arrived.

[Odaily]

Binance will delist some spot trading pairs.

Binance will delist the following spot trading pairs at 11:00 on May 15th: ATOM/FDUSD, AXS/BTC, CELO/BTC, GAS/BTC, MANTA/FDUSD, PYTH/BTC, SANTOS/BTC, SIGN/FDUSD, SOPH/FDUSD, XVS/BNB, and XVS/BTC.

Users can still trade the corresponding tokens on other trading pairs.

[ChainCatcher]

Arkham: Large-scale ETH unstaking by the Ethereum Foundation may not cause short-term selling pressure

The Ethereum Foundation unstaked 21,271 ETH from Lido, triggering market panic. Arkham published an analysis stating that this move by the Foundation may stem from concerns about the security of third-party protocols.

Additionally, the Foundation has sold ETH multiple times recently, indicating a need to rebalance its treasury, which typically does not trigger immediate selling.

[ChainCatcher]

Binance Will Support the Moonriver (MOVR) Network Upgrade

PANews, May 12: According to the official announcement, Binance will suspend deposits and withdrawals for Moonriver (MOVR) tokens on its network at 20:00 (UTC+8) on May 12, 2026, to support a network upgrade.

The project team will carry out the network upgrade at block height 16,249,119 (estimated at 21:00 UTC+8 on May 12, 2026).

[PANews]

Upbit will list VVV/KRW, VVV/BTC, and VVV/USDT trading pairs.

Upbit will list VVV/KRW, VVV/BTC, and VVV/USDT trading pairs.

[Foresight News]

Binance will delist 11 spot trading pairs on May 15, 2026.

According to the official announcement, Binance will delist and suspend the following spot trading pairs at 03:00 (UTC) on May 15, 2026: ATOM/FDUSD, AXS/BTC, CELO/BTC, GAS/BTC, MANTA/FDUSD, PYTH/BTC, SANTOS/BTC, SIGN/FDUSD, SOPH/FDUSD, XVS/BNB, and XVS/BTC.

Meanwhile, Binance will also terminate its Spot Trading Bot service for these trading pairs on the same day. Users are advised to update or cancel their bots in advance to avoid potential losses.

[Odaily]

Former CEO of Goliath Ventures publicly apologizes amid charges of operating a $328 million cryptocurrency Ponzi scheme

Christopher Delgado, former CEO of Goliath Ventures, recently issued a public apology to investors after being charged by U.S. prosecutors with operating a cryptocurrency Ponzi scheme involving approximately $328 million.

Delgado stated that he had betrayed investors’ trust and said he voluntarily returned to the U.S. to face charges of fraud and money laundering. Prosecutors allege that, between January 2023 and January 2026, he promised investors fixed monthly returns under the guise of “crypto liquidity pool investments,” while in reality using funds from later investors to pay earlier ones.

U.S. prosecutors also alleged that some of the funds were used to purchase Florida real estate totaling $14.5 million and to host lavish events and travel. Delgado is currently released on bail; if convicted on all charges, he faces up to 30 years of federal imprisonment.

[Cointelegraph]

Ethereum spot ETFs saw a total net outflow of $16.8868 million yesterday, with Grayscale Ethereum Trust (ETHE) leading the outflows at $7.5870 million for the day.

According to SoSoValue data, Ethereum spot ETFs recorded a total net outflow of $16.89 million yesterday (May 11, Eastern Time).

The Ethereum spot ETF with the largest single-day net inflow yesterday was BlackRock’s ETF ETHA, with a net inflow of $2.12 million; ETHA’s cumulative net inflow to date stands at $11.99 billion.

The Ethereum spot ETF with the largest single-day net outflow yesterday was Grayscale’s Ethereum Trust ETF ETHE, with a net outflow of $7.59 million; ETHE’s cumulative net outflow to date stands at $5.27 billion.

As of press time, the total net asset value (NAV) of Ethereum spot ETFs is $13.85 billion, the ETF NAV ratio (ETF market cap as a percentage of Ethereum’s total market cap) is 4.91%, and the cumulative net inflow to date has reached $12.07 billion.

[Odaily]

Binance Margin will add full-margin trading pairs MEGA/USDT, TON/USDT, and TON/USD.

On May 12, according to an official announcement, Binance Margin will add MEGA/U, TON/U, and TON/USD1 cross margin trading pairs at 16:00 (UTC+8) on May 12, 2026.

[PANews]

Ark Invest purchased approximately $5.52 million worth of Circle stock yesterday.

According to Ark Invest Tracker, Cathie Wood’s Ark Invest increased its holdings by 41,904 shares of Circle yesterday, valued at approximately $5.52 million.

[Foresight News]

Binance Margin Will Launch MEGA/U, TON/U, and TON/USD1 Trading Pairs

According to the official announcement, Binance Leverage will add MEGA/U, TON/U, and TON/USD1 full-margin trading pairs at 08:00 (UTC) on May 12, 2026, for users to conduct leveraged transactions.

[Odaily星球日报]

U.S. media: Musk’s Grok is steadily losing ground in the AI race

Elon Musk’s AI model Grok is falling far behind its rapidly growing competitors. Meanwhile, a large-scale computing power leasing agreement between its parent company SpaceX and Anthropic has raised questions about whether Grok still stands a chance of catching up with industry leaders.

Since its launch two years ago, Grok attracted millions of users by integrating with Musk’s social media platform X and offering controversial features such as “AI companion.” However, the latest data suggests its growth momentum has plateaued. According to analytics firm AppMagic, Grok’s downloads dropped to approximately 8.3 million in April this year, down from over 20 million in January.

A survey conducted by research firm Recon Analytics—covering more than 260,000 U.S. AI users and professionals—found that, in Q2 2026, the share of respondents willing to pay for Grok remained virtually flat at just 0.174%, compared to 0.173% a year earlier. In contrast, over 6% of respondents reported having paid for ChatGPT.

[Jin10]

Upbit Adds Venice Token (VVV) KRW, BTC, and USDT Markets

Upbit adds Venice Token (VVV) KRW, BTC, and USDT markets.

[Odaily]

Bitget has added popular stock contracts such as NIO, KOPN, and Gao Ping Electronics, supporting up to 20x leverage.

According to the official announcement, Bitget stock contracts now include six major targets: DRAM (Roundhill Memory ETF), AXTI (AXT Inc), LWLG (Lightwave Logic), KOPN (Kopin Corporation), NIO (NIO Inc), and USAR (USA Rare Earth), covering popular areas such as storage, optical communication, and rare earth resources.

The above contracts support a maximum leverage of 20x. For more details, please refer to the official Bitget platform.

[Odaily]

Former Goliath Ventures CEO Apologizes for $328.00 Million Crypto Ponzi Scheme

PANews May 12th, former Goliath Ventures CEO Christopher Delgado has been charged with fraud and money laundering for allegedly running a $328.00 million crypto investment Ponzi scheme. In an interview with ABC affiliate WFTV, he publicly apologized to investors, saying, “They trusted me, and I let them down.” Delgado claims to have voluntarily returned to the US to face the charges, and if convicted, he faces a maximum of 30 years in prison.

The U.S. Attorney’s Office accuses Delgado of defrauding investors between January 2023 and January 2026 by luring them with monthly returns from a crypto liquidity pool, and using some of the funds to purchase four properties in Florida, worth a total of $14.50 million.

[Cointelegraph]

UPBIT lists Venice Token (VVV) and supports KRW, BTC, and USDT trading

UPBIT will list Venice Token (VVV) trading on May 12th at 16:00 and will support KRW, BTC, and USDT markets.

Users can deposit within 1 hour and 30 minutes after the announcement is released, and trading support will begin at the specified time.

[ChainCatcher]

Yesterday, Ethereum spot ETFs saw a total net outflow of $16.8868 million, with ETHE leading the outflows at $7.5870 million.

May 12th news, according to SoSoValue data, yesterday (May 11th, US Eastern Time), the total net outflow of Ethereum spot ETFs was $16.89M.

The Ethereum spot ETF with the largest single-day net inflow yesterday was Blackrock’s ETF ETHA, with a single-day net inflow of $2.12M. Currently, ETHA’s total historical net inflow has reached $11.99B.

The Ethereum spot ETF with the largest single-day net outflow yesterday was Grayscale’s Ethereum Trust ETF ETHE, with a single-day net outflow of $7.59M. Currently, ETHE’s total historical net outflow has reached $5.27B.

[PANews]

Yesterday, the total net inflow of Bitcoin spot ETFs was $27.2864 million, with MSBT leading with a net inflow of $26.3046 million.

On May 12, according to SoSoValue data, the total net inflow into Bitcoin spot ETFs was $27.2864 million on May 11 (US Eastern Time).

The Bitcoin spot ETF with the highest single-day net inflow yesterday was Morgan Stanley’s ETF MSBT, which saw a single-day net inflow of $26.3046 million; MSBT’s cumulative historical net inflow currently stands at $220 million.

Next was Invesco and Galaxy Digital’s ETF BTCO, which recorded a single-day net inflow of $7.3420 million; BTCO’s cumulative historical net inflow currently stands at $241 million.

[PANews]