Crypto Capital Flight Amid Political Shifts (2026-05-29)

Bitget Adds 8 New Stock Contracts, Including RGTI and QBTS, with Up to 20x Leverage

Bitget stock contracts are now available for 8 underlying assets, including RGTI (Rigetti Computing), QBTS (D-Wave Quantum), QUBT (Quantum Computing Inc.), and ARQQ (Arqit Quantum), covering popular U.S. stock sectors such as quantum computing, advanced aviation, and cybersecurity.

These contracts support up to 20x leverage.

[Foresight News]

OpenZeppelin Co-Founder: All DeFi Is Insecure Due to Increasing Asymmetry Between Attackers and Defenders

PANews, May 27: Manuel Aráoz, co-founder of crypto security firm OpenZeppelin, stated that he now believes “all DeFi” is unsafe and has been advising friends and family to exit all DeFi positions—including low-risk positions in blue-chip protocols such as Aave, MakerDAO, and Compound.

Aráoz pointed out that the asymmetry between attackers and defenders in security incidents is intensifying: programming agents possess superhuman capabilities in identifying vulnerabilities, while defenders must patch every single vulnerability, whereas attackers need only exploit one vulnerability to steal funds.

[The Block]

Bitcoin spot ETFs saw a total net outflow of $334 million yesterday, marking the 7th consecutive day of net outflows.

According to SoSoValue data, yesterday (May 26, US Eastern Time), the total net outflow of Bitcoin spot ETFs was $334.00 million.

The Bitcoin spot ETF with the largest single-day net outflow yesterday was Blackrock’s ETF IBIT, with a single-day net outflow of $192.00 million. Currently, IBIT’s total historical net inflow has reached $64.581 billion. The second largest was Fidelity’s ETF FBTC, with a single-day net outflow of $57.7364 million, and FBTC’s total historical net inflow has reached $10.706 billion.

As of press time, the total net asset value of Bitcoin spot ETFs is $98.397 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) is 6.45%, and the cumulative historical net inflow has reached $56.750 billion.

[Foresight News]

Bitget has added 8 new stock contracts, including RGTI and QBTS, with up to 20x leverage.

According to the official announcement, Bitget stock contracts have now launched 8 targets including RGTI (Rigetti Computing), QBTS (D-Wave Quantum), QUBT (Quantum Computing Inc.), and ARQQ (Arqit Quantum), covering popular US stock directions such as quantum computing, advanced aviation, and cybersecurity.

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

[Odaily]

DMG Blockchain mined 69 Bitcoin in Q2, with revenue declining 35% quarter-on-quarter to $5.28 million

DMG Blockchain Solutions, a cryptocurrency mining company and data center technology firm, released its unaudited financial results for the second quarter of fiscal year 2026. The company’s revenue for the quarter was CAD 7.30 million (approximately USD 5.28 million), a 35% decrease from the previous quarter, driven primarily by a CAD 4.90 million (approximately USD 3.55 million) decline in cryptocurrency mining revenue.

The company stated that this decline was mainly attributable to both a reduction in cryptocurrency mining output and a decrease in the average cryptocurrency price. Additionally, the company mined 69 Bitcoin during the quarter—unchanged from the first quarter of 2026 but down 25% from the 91 Bitcoin mined in the second quarter of 2025.

[Foresight News]

Bitmine added $11.90 million USD in staked ETH, bringing the total staked amount to $9.76 billion USD.

According to Onchain Lens monitoring, Bitmine has added 5,760 ETH to its staking, valued at approximately $11.9 million.

Data shows that Bitmine has staked a cumulative total of 4.7187 million ETH, with a total value of approximately $9.76 billion.

[Odaily]

Bitget has launched OpenAI pre-market perpetual contracts with up to 20x leverage.

According to the official announcement, Bitget has launched the pre-IPO perpetual contract for OPENAI/USDT, supporting up to 20x leverage.

For more details, please visit the official Bitget platform.

[Odaily]

Ju.com has initiated a compliance review citing its listing audit as the reason; users must update their KYC to withdraw funds.

Ju.com’s official Chinese account issued a notice stating that in order to cooperate with the group’s listing entity’s financial audit work, the platform will launch a special compliance verification to improve the transparency of fund management and account security.

The notice requires users to promptly supplement or update KYC compliance information according to the page prompts, and withdrawals can only be applied for after the submission is completed and the review is passed. The platform stated that the withdrawal process is expected to return to normal after the financial audit is completed.

[ChainCatcher]

Pro-crypto Menefee unseats Al Green in Texas Democratic primary runoff, supported by Fairshake

Pro-crypto Rep. Christian Menefee has unseated Rep. Al Green in the Democratic primary runoff in the 18th Congressional District of Texas following endorsements from crypto super PACs. Multiple sources, including NBC and the New York Times, projected that the 38-year-old Menefee defeated Green, who has spent over 20 years as the Democratic representative for the district.

While both Democratic representatives are critics of President Trump, they hold contrasting views on crypto. Menefee has embraced blockchain, writing on his official website that the technology has the potential to increase trust, transparency, and efficiency in areas such as finance and supply chains. Menefee has received an “A” rating from Stand with Crypto.

Green, on the other hand, has been strongly critical of crypto. He warned that digital assets could threaten the dollar’s global role and national security. Green also notably voted against the GENIUS stablecoin act and the Clarity Act. Green has an “F” rating from Stand with Crypto.

This has prompted Fairshake-affiliated super PAC Protect Progress to aid Menefee in his run against Green by millions of dollars in spending. “Rep. Green’s defeat proves that anti-crypto hostility carries real electoral consequences, making him the first Democratic incumbent this cycle to lose his seat,” Geoff Vetter, spokesperson for Fairshake, said in an emailed statement. “Fairshake was the difference-maker in this race, and we will continue to aggressively back leaders like Rep. Menefee across the country.”

Several other candidates backed by Fairshake and other crypto PACs also secured victories in primary runoffs, as cited by journalist Eleanor Terrett. This includes crypto PAC-backed victories for Texas Attorney General Ken Paxton in the Republican U.S. Senate runoff and Alex Mealer in the GOP primary runoff for Texas House District 9.

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Fairshake and affiliated committees raised over $395 million during the 2024 and 2026 election cycles. Major contributors include Coinbase, Ripple, and venture capital firm Andreessen Horowitz.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

[The Block]

Yesterday, Ethereum spot ETFs saw a total net outflow of $35.0383 million, marking the 11th consecutive day of net outflows.

According to SoSoValue data, yesterday (May 26, U.S. Eastern Time), Ethereum spot ETFs saw a total net outflow of $35.0383 million.

The Ethereum spot ETF with the highest single-day net outflow yesterday was the Fidelity ETF FETH, which saw a net outflow of $17.0126 million. FETH currently has a total historical net inflow of $2.159 billion.

Following that was the Grayscale Ethereum Mini Trust ETF ETH, with a single-day net outflow of $8.2638 million. ETH currently has a total historical net inflow of $1.909 billion.

As of the time of writing, the total net asset value of Ethereum spot ETFs is $11.789 billion. The ETF net asset ratio (market capitalization as a percentage of total Ethereum market capitalization) has reached 4.7%, and the historical cumulative net inflow has reached $11.581 billion.

[Foresight News]

An address on Hyperliquid is long Micron with a floating profit of $8.20M, and the target price is set to exceed $50.00M in profit.

According to Lookonchain, an address has gone long on Micron (MU) on Hyperliquid, currently holding a floating profit of $8.20 million.

Notably, this address has placed take-profit orders for MU at $2,800 and $2,900. If MU truly reaches its target price, this address will realize a profit exceeding $50 million.

[Foresight News]

Fairshake-backed congressional candidates defeat anti-crypto lawmakers in Texas primary runoff elections

Crypto reporter Eleanor Terrett posted that newly elected Congressman Christian Menefee defeated Al Green, the incumbent congressman who has served for 20 years, in the Democratic primary runoff in Texas’s 18th congressional district. The massive investment of the crypto-backed Super PAC in this election is considered an important contributing factor.

The cryptocurrency political action committee Fairshake and its affiliates invested approximately $6.50 million in the district, most of which was used to support Menefee and a small portion of which was used to oppose Green. Green was previously rated “F” by crypto advocacy group Stand With Crypto and had voted against crypto-friendly legislation such as the GENIUS Act and the Clarity Act.

Fairshake said in a statement that Green’s defeat made him the first Democratic incumbent to lose his seat in this election cycle and announced that it would continue to support friendly candidates nationwide.

[Foresight News]

Bitcoin Spot ETF saw a total net outflow of 333.71M USD yesterday, marking a 7 days of consistent outflow

According to SoSoValue data, Bitcoin spot ETF saw a total net outflow of 333.71M USD yesterday (Eastern Time, May 26th).

The Bitcoin Spot ETF with the highest net outflow yesterday was BlackRock’s ETF IBIT, with a daily net outflow of 192.44M USD, and the total historical net inflow of IBIT currently stands at 64.58B USD.

The second highest was Fidelity’s ETF FBTC, with a daily net outflow of 57.74M USD, and the total historical net inflow of FBTC currently stands at 10.71B USD.

As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 98.40B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.45%. The historical cumulative net inflow has reached 56.75B USD.

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

RichSilo Visions:

Today’s Market Pulse

The crypto market is experiencing a significant capital flight from spot ETF products while simultaneously expanding its influence into traditional finance and politics, creating divergent signals for investors.

Key Themes

ETF Capital Flight: Both Bitcoin and Ethereum spot ETFs are experiencing sustained outflows, with Bitcoin seeing 7 consecutive days of net outflows totaling $334 million and Ethereum facing 11 days of outflows at $35 million. This mass withdrawal of capital suggests either portfolio rebalancing or warring confidence in spot ETF products as market vehicles.

Traditional Finance Integration: Crypto platforms are aggressively expanding into traditional markets with Bitget launching quantum computing stock contracts (RGTI, QBTS) and OpenAI pre-market contracts, both offering up to 20x leverage. This blurring of boundaries between crypto and traditional finance indicates market evolution but introduces significant leverage risks.

Security and Political Shifts: OpenZeppelin co-founder warned that “all DeFi is insecure” due to the growing asymmetry between attackers and defenders, while pro-crypto candidates defeated anti-crypto lawmakers in Texas primaries. The Fairshake super PAC’s success demonstrates the crypto industry’s growing political influence, potentially shaping future regulatory landscapes.

RichSilo Verdict

Smart money should monitor whether ETF outflows signal a broader market retreat or temporary portfolio rebalancing. Watch the performance of quantum computing stocks and pre-IPO contracts as indicators of market expansion potential. The most critical catalyst to watch will be regulatory responses to the political wins by pro-crypto candidates, which could either accelerate or constrain the industry’s traditional finance integration strategy.

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