CertiK: Crypto platform attack losses in May dropped to $68.30 million, a nearly 90% decrease month-on-month.
CertiK data shows that losses from crypto platform attacks in May dropped to $68.3 million, a nearly 90% decrease from $650 million in April. May became the third month in 2026 with losses below $100 million.
Approximately $2.6 million stemmed from phishing attacks, and about $9.4 million in stolen funds have been recovered or returned. The largest single loss in May came from the Verus Protocol cross-chain bridge attack, where $11.5 million was stolen; THORChain ranked second, with $10.1 million stolen.
Code vulnerabilities were the costliest attack type, accounting for roughly $45 million—or 66%—of total losses; wallet or private key compromises caused $13.7 million in losses. Cross-chain bridges were the primary attack target, suffering $28.6 million in losses, representing 42% of the total.
[Odaily]
The Funding: How crypto hedge funds are navigating weak markets
Crypto liquid and hedge funds that aim to make money regardless of market conditions continue to hold up better than directional strategies, according to data from Crypto Insights Group shared with The Block. Market-neutral strategies are up 2.15% so far this year, following gains of 14.11% in 2025, while directional strategies are down 5.4% so far this year after losing 10.1% last year.
Within directional funds, fundamental strategies, which typically invest based on research and market narratives, are down 8.3% year-to-date. Meanwhile, quant directional funds, which generally use trading models to make market bets, have also fallen 6.4% year-to-date, per the data. (The directional category includes several other sub-strategies beyond the fundamental and quant approaches shown above, meaning the overall directional return is not simply an average of those two categories.)
Market-neutral approaches, such as statistical arbitrage and DeFi or yield-focused strategies, remain positive. Over the past three years, market-neutral funds have generated annualized returns of around 19% with much lower volatility and smaller drawdowns than directional funds, according to the data.
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© 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]
OKX Launches June 1st BTC Fixed Investment Activity, Agent Helps with Smart Fixed Investment
OKX has launched a BTC dollar-cost averaging (DCA) themed campaign for Children’s Day on June 1. The campaign runs from today until June 10. Users can activate BTC DCA strategies via the campaign page and leverage an AI Agent to integrate market indicators such as AHR999, enabling dynamic adjustments to their DCA schedules.
Additionally, users can participate in social media interactions to win rewards, including a McLaren F1 LEGO set and limited-edition OKX merchandise gift boxes.
[Odaily]
U.S. military: Self-defense strikes on Iranian drone command points over the weekend
U.S. Central Command: U.S. forces conducted self-defense strikes over the weekend against Iranian radar and UAV command and control sites in Goruk and Qeshm Island, Iran.
These two carefully weighed strikes were carried out on Saturday and Sunday, respectively, in response to Iranian acts of aggression, including Iran’s downing of a U.S. MQ-1 UAV operating in international airspace. U.S. military aircraft responded quickly, destroying Iranian air defense facilities, a ground control station, and two one-way attack UAVs that posed a clear threat to vessels transiting regional waters.
There were no U.S. military casualties in the operation. During the current ceasefire, U.S. Central Command will continue to protect U.S. assets and interests in response to unwarranted Iranian aggression.
[Odaily]
U.S. Senator Lummis: The CLARITY Act is about whether the U.S. can lead the next-generation financial system
U.S. Senator Cynthia Lummis tweeted, “The 《CLARITY Act》 bill is not just a crypto bill, but a key decision on whether the United States can take a leading position in the next generation of financial systems.”
[Foresight News]
Coinbase launches Indian rupee rails with perps access in expansion push
Coinbase has launched direct rails for Indian rupees (INR) for users in India, as the global crypto exchange continues expanding in Asia. In a statement shared on Monday, the exchange said Indian users can now deposit and withdraw rupees directly from their bank accounts through the Immediate Payment Service, without needing to rely on peer-to-peer rails or intermediaries.
The Nasdaq-listed company also said it has established INR order books to provide dedicated liquidity for users in the country. In addition to spot trading, Coinbase offers perpetual futures contracts covering major crypto assets for Indian customers. The exchange also provides professional tools through Coinbase Advanced for clients seeking more advanced support, including institutional-grade APIs and WebSocket order book streaming.
The INR rail launch follows Coinbase’s successful registration with the Financial Intelligence Unit (FIU-IND), a government agency responsible for monitoring suspicious financial transactions, combating money laundering, and overseeing crypto compliance. “India has long been one of the most important markets in crypto, in terms of developer talent, trading activity, and the broader adoption of blockchain technology,” John O’Loghlen, head of APAC at Coinbase, said in the statement. “We’re registered with FIU-IND and here for the long term.”
Coinbase has long sought to expand in India. In December 2025, it reportedly reopened its app and resumed onboarding users in the country after more than two years, returning to a market it had previously exited due to regulatory hurdles. The company has also invested in CoinDCX, a major crypto exchange in the country, and said it has invested over $1 million in the local builder community through Base, the Ethereum Layer 2 network incubated by Coinbase. “More than 4,000 builders in India have built on Base, with around 150 projects growing into startups,” said Coinbase.
India continues to see vibrant crypto activity. It ranked first in global crypto adoption for the third consecutive year, ahead of the U.S., Pakistan, the Philippines and Brazil, according to an October report from TRM Labs. Coinbase’s Nasdaq-listed shares closed up 3.72% at $189.03 on Friday, though the stock remains down 30.7% over the past six months.
[The Block]
Fed backs stablecoins as BoE says tokenized deposits may win in 5 years
Federal Reserve Governor Christopher Waller defended stablecoins during a panel at the 32nd Dubrovnik Economics Conference, placing the tokens in the payments debate rather than the wider crypto risk debate. Waller said, “I’ve always just looked at stablecoins as a payment instrument; there’s nothing evil about it, nothing dangerous about it.” He added that stablecoins bring more competition into payments and can lower costs.
Bank of England policymaker Megan Greene gave a different view at the same event. She said tokenized deposits, which are digital versions of bank deposits, may become more useful than stablecoins. Greene said, “I think tokenized deposits are probably going to take over from stablecoins and five years from now, I suspect we might wonder why we were talking about stablecoins.” She said banks may invest more in digital deposits once they see pressure on deposits and fee income.
Waller also said countries that use more dollar-backed stablecoins may import U.S. monetary conditions. That view places stablecoins inside the debate over dollar reach, payment competition, and central bank control. Greene raised concerns that stablecoins are not always stable, face regulatory questions, and can support illicit use. She also said stablecoins can pull deposits away from banks and weaken how monetary policy moves through the banking system.
The split shows how central banks now view private digital money from different angles. Some officials see faster payments and dollar demand. Others see deposit loss, weak controls, and pressure on local policy tools.
The remarks came as U.S. lawmakers continue to debate the CLARITY Act, a digital asset market structure bill. The Senate Banking Committee advanced the bill 15-9 on May 14 after months of debate. Stablecoin rewards remain one of the main disputes. Banking groups have warned that yield-like rewards on stablecoin balances could move deposits away from traditional lenders. Crypto firms argue that regulated digital asset products should be allowed to offer customer benefits.
Senator Cynthia Lummis has urged Congress to move fast. She warned that if the bill fails, the next real window for digital asset legislation may not arrive until 2030. If the United States doesn’t establish the global standard for digital asset regulation, someone else will. China is not waiting. The Clarity Act is how America leads — and how we ensure our adversaries don’t write the rules of the next financial era. Lummis also linked the bill to U.S. financial leadership. In an X post, she said, “America built the dollar-dominated financial system that has anchored global stability for a century. The Clarity Act ensures we build the next one.”
[Reuters]
SOL spot ETF recorded a net inflow of $2.36 million last week
According to SoSoValue data, SOL spot ETFs recorded net inflows of $2.36 million last week (May 25–29, Eastern Time).
The SOL spot ETF with the highest net inflows last week was Fidelity’s ETF FSOL, with weekly net inflows of $1.69 million; FSOL’s cumulative historical net inflows currently stand at $187 million.
Second was VanEck’s ETF VSOL, with weekly net inflows of $0.5572 million; VSOL’s cumulative historical net inflows currently stand at $18.8 million.
[PANews]
Multicoin Capital Co-founder: Web3 is dead, we now only have DeFi and DePIN left
Starknet co-founder Eli Ben-Sasson tweeted that the crypto industry is currently facing an identity crisis. On the one hand, many long-term OGs are choosing to leave; on the other hand, institutions and TradFi are finally starting to pay attention, which is exactly what crypto initially resisted.
In response, Multicoin Capital co-founder Kyle Samani commented, “Web3 is dead, we are now only left with DeFi and DePIN.”
[Foresight News]
XRP spot ETF recorded a net inflow of $15.20 million last week
According to SoSoValue data, last week’s trading days (May 25 to May 29, US Eastern Time) saw a net inflow of $15.20 million into XRP spot ETFs.
The XRP spot ETF with the largest net inflow last week was Bitwise ETF XRP, with a weekly net inflow of $9.1301 million. Currently, the total historical net inflow of XRP has reached $471.00 million. The second largest was Canary ETF XRPC, with a weekly net inflow of $2.3779 million, and the total historical net inflow of XRPC has reached $454.00 million.
As of press time, the total net asset value of XRP spot ETFs is $11.20 billion, and the ETF net asset ratio (market value as a percentage of the total market value of XRP) has reached 1.37%, with a total historical net inflow of $14.20 billion.
[PANews]
Iran: If the US fights again, it will be a dead end
In a recent exclusive interview, Mohsen Rezaei, military advisor to Iran’s Supreme Leader, pointed out that for the United States, continuing the current war is “a dead end,” and negotiation is the only viable path. Rezaei said that Iran is ready, and if the United States’ maritime blockade of Iran continues, Iran will launch an attack to break the blockade.
Rezaei also stated that the Islamic Revolutionary Guard Corps of Iran has pioneered a new combat system with “asymmetric warfare as the core,” relying on cost-effective drones to strike high-value enemy targets.
Mohsen Rezaei once served as the commander-in-chief of the Islamic Revolutionary Guard Corps of Iran, leading the construction of Iran’s military theoretical system. He now serves as the military advisor to Iran’s Supreme Leader, Mojtaba Khamenei, and is also a member of Iran’s National Interest Council.
[Odaily]
Wintermute: Will Provide Liquidity for Prediction Markets
Wintermute says it is expanding its institutional trading business to prediction markets. Wintermute will provide two-way market liquidity for event contracts in major venues to reduce spreads, support larger trades, and improve the reliability of market-implied probabilities.
Jake Ostrovskis, Head of OTC Trading at Wintermute, said that prediction markets have the data characteristics of major asset classes, but liquidity is still in its early stages. Consistent two-way liquidity not only narrows spreads, but also supports larger trading volumes, thereby improving the signals contained in market prices.
[Odaily]
OKX Launches “June 1st Children’s Day BTC Investment” Campaign, Agent Helps with Smart Investment
OKX has launched the “Children’s Day BTC Investment” campaign, which runs from now until June 10th. Users can start a BTC investment strategy through the campaign page and use AI Agent to access market indicators such as AHR999 to dynamically adjust the investment rhythm.
In addition, users can participate in social media interactions to win rewards. Prizes include McLaren F1 LEGO and OKX limited edition peripheral gift boxes.
[Foresight News]
Data: Bitcoin spot ETFs saw a net outflow of $1.42 billion last week, the third-highest on record.
According to SoSoValue data, last week’s trading days (May 25 to May 29, US Eastern Time) saw a net outflow of $1.42B from Bitcoin spot ETFs, the third highest in history.
The Bitcoin spot ETF with the largest net outflow last week was Blackrock’s ETF IBIT, with a weekly net outflow of $966.00M. Currently, IBIT’s total historical net outflow has reached $63.81B. The second largest was Grayscale’s Bitcoin Trust GBTC, with a weekly net outflow of $175.00M, and GBTC’s total historical net outflow has reached $26.62B.
As of press time, the total net asset value of Bitcoin spot ETFs is $94.17B, and the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) reached 6.38%, with a cumulative historical net inflow of $55.66B.
[ChainCatcher]
Nvidia Releases New AI Model Nemotron 3 Ultra
June 1st news, NVIDIA (NVDA.O) CEO Jensen Huang released the new AI model Nemotron 3 Ultra. In addition, NVIDIA has officially entered the personal computer chip market, launching a brand new processor, intending to break Intel’s monopoly in this field and promote the development needs of PC devices to adapt to the era of artificial intelligence.
NVIDIA also launched an intelligent agent toolkit including NemoGuard, Nemotron, OpenShell and CUDA-X. NVIDIA will cooperate with MediaTek to develop RTX SPARK personal computer chips.
Jensen Huang said that NVIDIA will launch a new generation of PC chips for each generation of AI processors, and computers equipped with NVIDIA RTX SPARK chips will be available in the fall.
[PANews]
NVIDIA launches Vera, a CPU designed for the intelligent agent era.
Nvidia Introduces Vera—A CPU Built for the Age of Intelligent Agents. Vera is 80% faster than x86 CPUs in completing agent-type tasks.
Vera is designed to drive the CPU-intensive work required behind modern AI factories, covering a variety of scenarios from agent-type AI and reinforcement learning to data processing and task orchestration.
[Golden Ten]
French listed company Capital B increased its holdings by 4 Bitcoins, bringing its total holdings to 3,139 Bitcoins.
June 1st news, according to the official announcement, French listed company Capital B announced the acquisition of 4 Bitcoins for 260,000.00 euros, with total holdings reaching 3,139 Bitcoins, and the Bitcoin yield since the beginning of the year is 1.85%.
[PANews]
Today’s Market Pulse
Crypto markets show a divergence between improving security metrics and ETF performance, with market-neutral strategies outperforming directional ones as regulatory clarity emerges through the CLARITY Act debate.
Key Themes
Security Landscape Transformation
The 90% month-over-month drop in crypto platform attack losses to $68.3 million suggests a maturing security landscape, yet cross-chain bridges remain prime targets accounting for 42% of losses. This paradox of improving overall security while specific vectors remain vulnerable indicates that institutional investors may find more favorable conditions for deployment, but must remain vigilant about bridge-specific risks.
ETF Flows and Market Sentiment
Bitcoin spot ETFs experienced significant outflows ($1.42 billion, third-highest on record), while XRP saw notable inflows ($15.20 million). This divergence suggests potential rotation towards alternative digital assets as Bitcoin approaches key psychological levels. The modest SOL inflows ($2.36 million) reflect selective institutional interest in mid-cap opportunities with strong development ecosystems.
Regulatory Crossroads
The CLARITY Act represents a pivotal moment for U.S. leadership in next-generation financial systems, with Fed officials divided on stablecoins. Waller views them as competitive payment instruments, while Greene predicts tokenized deposits will dominate within five years. This regulatory uncertainty creates both challenges and opportunities for market participants positioned to adapt quickly to evolving frameworks.
Market Neutral Dominance
Crypto market-neutral funds continue their outperformance, up 2.15% year-to-date versus directional strategies’ 5.4% decline. The three-year track record of 19% annualized returns with lower volatility suggests this strategy is gaining institutional favor in volatile markets. This trend may accelerate as traditional allocators seek less correlated exposure to digital assets.
RichSilo Verdict
Smart money should monitor the CLARITY Act’s progress as a potential catalyst for institutional adoption, particularly watching how stablecoin regulations evolve. The divergence in ETF flows suggests a tactical shift towards more specialized digital asset exposures, while the security improvements could attract risk-averse capital. The most significant opportunity lies in market-neutral strategies that can capitalize on volatility while maintaining downside protection, especially as geopolitical tensions in the Middle East create broader market uncertainty.
