Institutional Divergence Amid Market Turmoil (2026-05-13)

Norway’s largest pension fund, KLP, increased its holdings in Strategy shares to 104,700 shares, valued at $20.50 million.

BitcoinTreasuries.NET posted on X, stating that Norway’s largest pension fund, KLP, increased its holdings of Strategy, a Bitcoin treasury company, to 104,700 shares, valued at $20.50 million.

[Odaily]

A trader opened long positions on ETH and BTC with 20x leverage again, with a total position size exceeding $80 million.

On May 13, according to Lookonchain monitoring, trader 0x049b opened long positions again with 20x leverage: 17,410 ETH (worth $40.07 million) and 493.43 BTC (worth $40.01 million).

The ETH liquidation price is $2,227.81, and the BTC liquidation price is $78,009.69. This trader has already profited $7.83 million through 20x long/short trades on BTC and ETH.

[PANews]

Bitcoin Spot ETF saw a total net outflow of 233.25M USD yesterday, with only Morgan Stanley’s ETF MSBT achieving a net inflow

According to SoSoValue data, Bitcoin spot ETF saw a total net outflow of 233.25M USD yesterday (Eastern Time, May 12th).

The Bitcoin Spot ETF with the highest net inflow yesterday was Morgan Stanley’s ETF MSBT, with a daily net inflow of 6.02M USD, and the total historical net inflow of MSBT currently stands at 225.92M USD.

The Bitcoin Spot ETF with the highest net outflow yesterday was Fidelity’s ETF FBTC, with a daily net outflow of 86.13M USD, and the total historical net inflow of FBTC currently stands at 11.04B USD.

As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 107.31B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.64%. The historical cumulative net inflow has reached 59.13B USD.

Source: https://sosovalue.com/zh/assets/etf/us-btc-spot

Uniswap API adds payment process function, supports direct transfer of Swap output to any address

The official Uniswap developer account announced that the Uniswap API now supports payment flows, allowing developers to add a recipient address parameter to quote requests, enabling Swap outputs to be sent directly to any specified address.

This feature is designed for application scenarios such as checkout, payments, and cross-asset transfers.

[Foresight News]

After a year of silence, a certain whale spent $7.31 million to buy 3,224.00 ETH

According to Onchain Lens monitoring, after a year of inactivity, a whale spent $7.31 million to purchase 3,224 ETH at a price of $2,267.

[Odaily Planet Daily]

US Senate Banking Committee Members Submit Over 100 Crypto Bill Amendments

A leaked list obtained by POLITICO shows that members of the U.S. Senate Banking Committee have submitted over 100 amendments to the cryptocurrency market structure bill scheduled for consideration on Thursday. These amendments primarily address stablecoin yields, protections for software developers, and ethics provisions.

Among them, Democratic Senators Jack Reed and Tina Smith proposed strengthening the prohibition on stablecoin interest; Chris Van Hollen suggested banning the President, members of Congress, and their families from holding or having affiliations with cryptocurrencies; Catherine Cortez Masto proposed establishing a safe harbor for software developers to avoid criminal liability. Additionally, Andy Kim proposed reconstituting the Department of Justice’s National Cryptocurrency Enforcement Team. The bill aims to clarify regulatory agencies’ jurisdiction over cryptocurrencies.

[Odaily]

BlackRock Submits New Tokenized Fund Application to the U.S. Securities and Exchange Commission

BlackRock has filed an application with the U.S. Securities and Exchange Commission (SEC) for a new tokenized fund structure and has once again selected Securitize to provide infrastructure support.

BlackRock’s first tokenized fund, BUIDL, launched in 2024, has grown to approximately $2.3 billion in assets under management. The new filing outlines a model that integrates blockchain-based ownership records with regulated transfer agency and investor access systems.

[Odaily]

Bitfinex Obtains Digital Asset Service Provider License in El Salvador

PANews May 13th, Bitfinex has obtained a digital asset service provider license in El Salvador, expanding its regulated business footprint in Latin America.

[Cointelegraph]

Bitcoin spot ETFs had a total net outflow of $233.00 million yesterday

According to SoSoValue data, yesterday (May 12, US Eastern Time), the total net outflow of Bitcoin spot ETFs was $233.00 million.

The Bitcoin spot ETF with the largest single-day net inflow yesterday was Morgan Stanley ETF MSBT, with a single-day net inflow of $6.02 million. Currently, MSBT’s total historical net inflow has reached $226.00 million. The Bitcoin spot ETF with the largest single-day net outflow yesterday was Fidelity ETF FBTC, with a single-day net outflow of $86.13 million. Currently, FBTC’s total historical net inflow has reached $11.05 billion.

As of press time, the total net asset value of Bitcoin spot ETFs is $107.31 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) is 6.64%, and the cumulative historical net inflow has reached $59.13 billion.

[Foresight News]

Whale Loracle.hl opens a $12.66 million BTC short position, with a total floating profit of over $41.00 million on all positions.

On May 13, according to Onchain Lens monitoring, the whale Loracle.hl (@loraclexyz) has opened a 20x short position of 156 BTC, worth $12.66 million.

Its 10x SNDK short position opened 2 days ago currently has a floating profit of over $648,000.00, and its 5x HYPE short position has a floating profit of over $2.30 million. The current total floating profit exceeds $41.00 million.

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[PANews]

Charles Schwab Officially Opens Schwab Crypto to Select Retail Clients, Supporting Trading of Bitcoin and Ethereum

Brokerage and banking firm Charles Schwab has officially launched its cryptocurrency trading platform, “Schwab Crypto,” to select retail customers.

Eligible retail investors can now trade Bitcoin and Ethereum on the platform.

[Foresight News]

The address starting with 0x049b has opened 20x long positions on ETH and BTC again, generating a profit of $7.83 million.

According to Lookonchain monitoring, the address starting with 0x049b has opened a new 20x long position, purchasing 17,410 ETH (valued at approximately $40.07 million) and 493.43 BTC (valued at approximately $40.01 million).

The respective liquidation prices are: ETH at $2,227.81, BTC at $78,009.69. This address has previously profited $7.83 million from 20x long and short positions on BTC and ETH.

[Foresight News]

Ethereum spot ETFs saw a total net outflow of $131 million yesterday, with BlackRock’s ETHA leading at a net outflow of $102 million.

On May 13, according to SoSoValue data, yesterday (May 12, US Eastern Time), the total net outflow of Ethereum spot ETFs was $131.00 million.

Yesterday, the Ethereum spot ETF with the largest single-day net inflow was Blackrock’s Staked ETH ETF ETHB, with a single-day net inflow of $11.75 million. Currently, the total historical net inflow of ETHB has reached $517.00 million.

Yesterday, the Ethereum spot ETF with the largest single-day net outflow was Blackrock ETF ETHA, with a single-day net outflow of $102.00 million. Currently, the total historical net inflow of ETHA has reached $11.90 billion.

[PANews]

Alameda Research withdrew over $14 million worth of assets from KuCoin in the past two hours.

According to Onchain Lens monitoring, in the past 2 hours, Alameda Research withdrew 162.64 BTC (worth $13.21 million), 274.29 ETH (worth $630,000.00), 315,300.00 MASK (worth $168,000.00), and 6,877,000.00 USDT from KuCoin.

The total value of the above assets exceeds $14.00 million.

[Odaily]

GMGN疑似结算3000枚BNB手续费,价值204万美元

On May 13, according to on-chain analyst AI Auntie(@ai_9684xtpa), GMGN allegedly settled a fee of 3,000 BNB, worth $2.04 million.

45 minutes ago, the GMGN fee-related address 0x38d…23866 deposited 3,000 BNB to Pionex—this marks the first transfer of fees to this exchange in two months. Currently, this address still holds $12.45 million worth of BNB, ETH, and USDC.

[PANews]

Gate Alpha adjusts the trading point rules: buying and selling are combined for statistics, and the daily point limit is 20.00 points.

Gate Alpha will adjust the trading points calculation rules on May 13, 2026, at 08:00 (UTC+8). The trading points calculation scope will change from counting only buy trading volume to aggregating both buy and sell trading volume.

The minimum threshold for earning points will be raised from 2U to 4U, and a new daily cap of 20 points will be introduced.

Norway’s largest pension fund KLP increased its holdings of Strategy shares to 104,700 shares, equivalent to approximately $20.50 million.

On May 13, according to BitcoinTreasuries.NET monitoring, Norway’s largest pension fund KLP has increased its holdings in Bitcoin treasury company MicroStrategy to 104,680 shares, worth approximately 20.5 million USD.

[PANews]

Hong Kong High Court Approves Freezing of HK$8.90B in Assets of Prince Group’s Chen Zhi and Others

PANews, May 13: According to HK01, the Hong Kong High Court has granted the Department of Justice’s application for an injunction against Chen Zhi and 41 other individuals and companies, freezing a total of HK$8.93 billion in assets—including bank deposits, real estate, and stocks.

Among these, Chen Zhi alone holds over HK$6.36 billion in assets, including HK$2.2 billion in bank deposits, the entire commercial building at 68 Kimberley Road, Tsim Sha Tsui (valued at HK$3 billion), and a villa at Mount Nicholson on The Peak (valued at HK$1 billion). Zhou Yun, who assisted Chen Zhi in managing his assets, holds total assets exceeding HK$2 billion, with her personal accounts holding HK$15.92 million worth of Hong Kong dollars, euros, and Bitcoin.

Additionally, Hu Xiaowei and Li Tian—both associated with the太子 Group—have had approximately HK$400 million and HK$172 million frozen, respectively. The court will reconvene on August 3 to decide whether to extend the injunction.

[PANews]

RichSilo Visions:

Today’s Market Pulse

The crypto market displays a striking divergence between institutional adoption patterns and retail sentiment, with significant ETF outflows coinciding with increased traditional finance exposure to Bitcoin-related companies and highly leveraged whale positions.

Key Themes

Institutional Divergence
Traditional institutions show mixed signals: Norway’s KLP pension fund increased MicroStrategy holdings to $20.5 million, while BlackRock filed for a new tokenized fund. However, this contrasts with massive outflows from spot ETFs, with Bitcoin products seeing $233M in net outflows led by Fidelity’s FBTC, and Ethereum products losing $131M. Traditional finance’s Charles Schwab also launched its crypto trading platform.

Whale Activity and Leverage Risk
Large traders continue taking extreme positions despite market uncertainty. Address 0x049b opened 20x leveraged long positions of $80M across ETH and BTC, while Loracle.hl took a $12.66M BTC short position. A previously inactive whale spent $7.31M on 3,224 ETH. This concentrated leverage creates significant volatility catalysts.

Regulatory Uncertainty
The US Senate Banking Committee is reviewing over 100 amendments to crypto legislation, addressing stablecoin yields, developer protections, and ethics provisions. Meanwhile, Bitfinex secured a license in El Salvador, while Hong Kong authorities froze $8.9B in assets linked to the Prince Group, highlighting increasing regulatory enforcement.

RichSilo Verdict

Smart money should watch whether institutional flows shift from spot ETFs to Bitcoin treasury companies as a strategic reallocation rather than reduced interest. Monitor whale positions as volatility catalysts, particularly those with extreme leverage. The Senate bill amendments represent near-term regulatory risks that could reshape market structure, while increasing traditional finance platform launches signal long-term institutional adoption despite current outflows.

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