DEX activity has cooled sharply, with DEX volume down to $6.047 billion by 28 May after standing near $22 billion in late January 2026. Despite the broader slowdown, Uniswap ($1.428 billion), PancakeSwap ($805.97 million), and Aerodrome ($798.11 million) remained the top venues at press time. The pullback has coincided with week-on-week drops since the October 2025 crash and a crypto market-cap decline of more than 3% over the last 24 hours.

The U.S. government transferred about $1.9 million in Alameda-linked tokens—RNDR, UNI, SAND, MASK, and AXS—to Coinbase Prime, prompting debate over whether the move signals a sale or routine custody management. At publication, RNDR traded at $1.99 after a 9.5% daily drop, while SAND fell 4.47% to $0.06682, MASK slipped 4.45% to $0.4231, and AXS declined 6.05% to $1.09 amid a broader market pullback.

Bhutan has moved 90 Bitcoin valued at $7 million to a SegWit address, in a transfer that may reflect either a potential sale setup or internal custody reorganization. Since the start of 2026, it has sent $237.39 million worth of BTC from its wallets to SegWit addresses, leaving total Bitcoin holdings at $234.03 million. The country is still ranked among the top 10 sovereign Bitcoin holders, with its position cited as seventh.

Prediction-market pricing shifted on May 23 as Kalshi put the CLARITY Act's chance of passing before 2027 at 50%, down from nearly 75% the prior week. The same tracker showed 14% odds for approval before July 2026 and 37% before August, while Senator Cynthia Lummis argued the bill aims to "scale" Wyoming's digital-asset framework at the federal level.

The global crypto market cap stood at $2.56 trillion at publication, with altcoins at $1.097 trillion, even as Bitcoin moved back above $75,000. Despite several majors posting sharp gains, CoinMarketCap's altcoin season index was 38, implying the market is still in a Bitcoin-led phase rather than a broad altcoin season. On-chain indicators cited in the report also suggest most altcoins remain highly tethered to Bitcoin and many are still trading near their all-time lows.

AI Financial Corporation, led by Zachary Witkoff, reported a Q1 2026 net loss of $271.49 million and said conditions create "substantial doubt" about continuing as a going concern within one year. As of March 28, 2026, it recorded a roughly $5.5 million working-capital deficit and held 7.28 billion WLFI tokens valued at $706 million, down from a $1 billion fair value on December 27, 2025, contributing to a $348.3 million unrealized loss.

On May 18, U.S.-based Bitcoin ATM operator Bitcoin Depot began a voluntary Chapter 11 process as it moves toward winding down operations and selling assets. The same day, Capital B spent €13.0 million to add 192 BTC, lifting its holdings to 3,135 BTC, while Bitcoin retail activity fell to a record low.

Wells Fargo rebalanced its crypto ETF exposure in Q1 2026, increasing positions in Bitwise's Ethereum ETF (ETHW) and BlackRock's iShares Ethereum Trust (ETHA) while reducing Bitcoin ETF holdings. ETHW rose 37% to 257,000 shares and ETHA climbed 63.5% to about 1.1 million shares from roughly 672,600 in Q4 2025. The shift came as ETH fell from about $2966 at the start of 2026 to $2023 by quarter-end, while BTC moved from $87,000 at Q1's start to $66,000 by 31 March 2026.

Strategy disclosed a 535 BTC purchase worth $43 million at an average price of $80,340 per coin, lifting the largest Bitcoin digital asset treasury total to 818,869 BTC. The firm said its 2026 BTC yield stands at 9.4%, while its average cost across holdings is $75,540, implying about $4.30 billion in unrealized gains at current levels. MSTR also rose to $195.94 after a 4.45% daily jump, as traders increasingly treat it as a high-beta, leveraged proxy for Bitcoin.