Bitcoin was above $82,000 in the prior business week before a sharp rejection pushed it down by more than $7,000 to a monthly low of $75,000 overnight. The pullback has been attributed to potential sell-side flows to exchanges, macro uncertainty tied to the incoming Fed chair, and renewed worries around U.S.–Iran military escalation.

Over the past 24 hours, crypto markets turned broadly lower as total capitalization fell more than 2% to about $2.53 trillion, triggering $574.28 million in liquidations with roughly 90% from long positions. Bitcoin slid about 3% into the $75,000 area, erasing around $55 billion in market cap, while Ether dropped 4%. The move followed the SEC's delay of a tokenized stock trading exemption framework and Kevin Warsh being sworn in as the new Federal Reserve chair.

Harvard University Endowment Fund sold its entire $86.8 million position in BlackRock’s iShares Ethereum Trust (ETHA) in Q1, while cutting its BTC exposure by about 50% to around $117 million. ETH fund outflows extended beyond Q1, with ETHA showing $922 million in YTD redemptions and ETH trading near $2.1K after falling 12% from early May’s $2.4K high. Market sentiment readings slipped to 28, reflecting heightened fear around Ethereum-linked headlines and ongoing capital rotation.

On May 23, 2026, the U.S. Federal Communications Commission approved spectrum transactions worth more than $40 billion involving EchoStar, AT&T and SpaceX. The agreements shift 30 MHz of nationwide 3.45 GHz and about 20 MHz of 600 MHz to AT&T, while SpaceX gains access to AWS-3, AWS-4 and H-Block assets to support direct-to-device and hybrid satellite services.

Ericsson said on May 22, 2026 that many telecom operators are moving too slowly to deploy AI and advanced 5G capabilities, potentially missing new revenue streams. In a survey of 455 senior telecom executives, 90% expected AI and 5G services to create new revenue, but 70% said their companies have not begun implementing the technologies they view as required.

Strategy chairman Michael Saylor said the firm could sell some Bitcoin between now and the end of 2026, marking a shift from his earlier "never sell" messaging. He said Strategy is running programmatic models and managing equity, credit, and cash with the aim of maximizing Bitcoin per share by 2033.

Bitcoin fell back under $78,000 after failing near recent range highs, and Glassnode says options positioning still points to caution. The data highlights lower implied volatility, persistent demand for downside hedges, and a short-gamma area around the mid-$75,000s that could intensify weakness if price drifts lower. BTC was last noted at $76,744 at press time.

GRASS gained more than 27% in a day as optimism around an 'infrastructure supercycle' boosted interest across DePIN-related tokens. Trading volume climbed about 256% to $52 million, while price tested the pattern neckline near $0.46, a level that could open a move toward $0.6555 if cleared. Concentrated ownership and a monthly dip in holders added to the risk backdrop despite the rally.