On Thursday, May 28, bitcoin and ether ETFs recorded combined net withdrawals of $350.23 million as BTC funds extended a nine-session outflow streak and ETH products marked 13 straight sessions of redemptions. Bitcoin ETFs saw $228.88 million leave, while ether ETFs posted $121.35 million in outflows, even as smaller funds tied to XRP, HYPE, and Solana logged modest inflows.

BlackRock reduced its equity overweight in its $220 billion model-portfolio business, lowering the tilt from 3% to 1% on May 29, 2026 as US equities set record highs after a strong earnings season. The change coincided with large ETF reallocations, including more than $12 billion into iShares Core S&P 500 ETF (IVV) and about $10 billion leaving several factor and thematic funds. The firm also shifted away from longer-dated US debt toward global fixed income and liquid alternatives while reassessing traditional hedges.

Crypto venture investment slowed in Q1 2026, with firms putting about $4 billion into 355 crypto and blockchain deals, down 50% quarter-over-quarter and 16% by deal count. Later-stage rounds took roughly 57% of capital, while median deal sizes rose above $4.5 million even as valuations eased from Q4 2025 highs. The US led activity with over 70% of invested capital and 43.5% of deals, while only eight new crypto-focused venture funds raised nearly $1.1 billion.

On Friday, May 29, bitcoin fell to a multiweek low of $72,395 before rebounding above $74,000 and briefly reaching $74,223. The move followed reports of a tentative U.S.-Iran understanding to reopen the Strait of Hormuz, with bitcoin later trading slightly below $74,000. Over a four-hour span, liquidations totaled $111.7 million, including $69.3 million in shorts and $29.5 million in longs.

Strategy (formerly MicroStrategy) moved 411.48 BTC—valued at about $30.3 million—to Coinbase Prime on May 29, its first direct exchange-linked deposit since 2024. The transfer helped lift Polymarket's implied odds of a Strategy bitcoin sale before Dec. 31 to 84%, though the deposit itself does not prove liquidation.

JPMorgan Chase CEO Jamie Dimon said the bank and other lenders plan to challenge parts of the proposed CLARITY Act that would govern stablecoins in the United States. He argued that if stablecoin issuers effectively operate like deposit or payment platforms, they should meet bank-level requirements on liquidity, capital, AML/KYC, reporting, and consumer protection.

Hyperliquid's synthetic SpaceX pre-market perpetual, SPACEX-USDH, fell about 45% on May 28, sliding from $2,277 to $1,254 before rebounding near $2,157. The 30-minute move liquidated 1,393 leveraged positions across 405 users, with total notional losses reported at exactly $1.51 million.

Enterprise AI is proving significantly more expensive than many companies expected, pushing CFOs to weigh increased token spend against future hiring plans. CEOs at Glean and Factory AI say Fortune 500 buyers are shifting from indiscriminate usage to tighter model selection, as annual AI budgets are being used up in just one or two months.