📊 Report CoinShares on financial flows in crypto for the last week:

Digital asset investment products see $54M outflow for the fourth week in a row. The recent price decline has resulted in a 13% drop in total AuM from its peak in mid-April.

#BTC - $38 million outflow, and the outflow in the last four weeks was $160 million. Outflow in short positions $10.4 million

Minor inflows in altcoins, with the exception of #ETH ($0.1M outflow) and #BNB ($0.5M outflow).

🔛 Aevo options trading platform has begun providing option trading related to #LDO, #PEPE, #SUI, #ARB and more.
coindesk.com

🙅‍♂️ Tbit Marketplace will stop working on May 31st.
zendesk.com

📊 TVL DeFi

💰 Lifeform completes $300M Series B funding led by IDG Capital.
twitter.com

🕹 The G-7 have pledged their commitment to implementing the upcoming Financial Stability Board (FSB) regulations on crypto assets and the IMF recommendations on #CBDC.
coindesk.com

🔄 #BCH Bitcoin Cash held network update.

👀 #CEL #ETH Last week, Celsius staked about $75 million in ETH via Figment.
coindesk.com

🇺🇸 USA. NY Empire State Manufacturing Index (May): -31.8 (prog -3.7; pre 10.8)

📊 #BTC Report glassnode:
The Bitcoin network saw a significant influx of demand last week as speculators rushed to mint BRC-20 tokens with text labels. This has resulted in huge pressure on fees, pushing up miners’ income from fees up to ATH and exceeding the 6.25 BTC block subsidy.

👀 Arweave Naming Service (ANS) launches DAO, #ANS token and airdrop twitter.com

🇰🇷 South Korean prosecutors searched Upbit and Bithumb accounts in connection with transfers made by former MP Kim Nam Kook. coindesk

🇺🇸🗣 Kashkari (FRS): No one has clearly stated what problems a central bank digital currency solves. I deeply skeptical about #CBDC

EU competition authorities approve Microsoft's acquisition of Activision Blizzard

📊 Kaiko report:
- Due to Jump Crypto providing significant altcoin liquidity in the US since their departure over the last month liquidity of altcoins has decreased significantly compared to BTC and ETH;
- low liquidity increased intraday volatility #BTC;
- there has been a surge in crypto activity in Turkey amid disputed elections;
- #BTC volatility due to US CPI releases falls;
- considering Binance Innovation Zone, #OMG and #JASMY have more liquidity than the other 16 combined. At the same time, the liquidity of JASMY and OMG increased over the past month, but fell by 25% on the news of their transfer to the innovation zone

🤖 #AI Microsoft introduced a new set of AI solutions for non-profit organizations

🤝 CertiK security team partnered with Alibaba Cloud to secure the blockchain on the cloud platform twitter.com

🚀 Today's leaders #ORDI #LADYS #CHO

👀 BlockFi plans to liquidate its cryptocurrency lending platform after coming to the conclusion that selling the business to a new owner would not bring enough value to his creditors. wsj

🙋‍♂ #MAIC Polygon co-founder Sandeep Nailwal and the venture capital firm he helped found, Symbolic Capital, have launched the Nailwal Fellowship to provide financial support to aspiring developers in the transition from Web2 to Web3. coindesk

🤝 #OP #LINK Chainlink Launches Chainlink Automation at Optimism twitter.com