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.

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.

On May 29, 2026, Coinbase said Coinbase Financial Markets began offering U.S. institutional clients regulated access to global crypto derivatives, starting with Deribit options and with perpetual futures planned for a later rollout. The company said crypto derivatives make up about 80% of global crypto trading volume and cited Deribit data showing more than $31 billion in bitcoin options open interest as of May 28.

Coinbase said on Friday, May 29 that it received approval from the U.S. Commodity Futures Trading Commission (CFTC) to broaden regulated access to global crypto derivatives for U.S. traders. The exchange said it is now the first CFTC-regulated futures commission merchant (FCM) able to offer crypto perpetual futures and options in the U.S., with institutional access to global options via Deribit. CEO Brian Armstrong added that U.S. users had previously been excluded from about 80% of the global crypto market due to limits around perps and options.

Kalshi said Friday it will seek to launch perpetual futures contracts, starting with crypto perps, positioning them as a regulated option for U.S. traders. The company said offshore perpetuals expanded from $28 trillion in annual volume in 2023 to more than $90 trillion in 2025, and that its products would be offered under Commodity Futures Trading Commission supervision.

Chainlink (LINK) is trading around $8.92 after falling about 9.7% over the past seven days, while price held a 24-hour band between $8.81 and $9.06. A Mastercard partnership rolling out a fiat-to-crypto routing gateway has renewed attention on adoption, but key levels remain $9.02 resistance and $8.85 support with the broader trend still bearish.

Over the past seven days, crypto prices moved lower, with Bitcoin sliding from the $77,000–$78,000 area toward roughly $73,000 by Friday amid risk-off positioning. The week also featured heavy US spot Bitcoin ETF redemptions, including more than $1 billion in a single day, while Ethereum hovered near $2,000 as sentiment stayed cautious.

Fireblocks, Robinhood, and MetaMask have introduced the Open Transaction Layer (OTL), a shared standard intended to connect traditional finance and crypto participants. The initiative is designed to let MetaMask's 100 million users interact with tokenized equities and other institutional-grade assets from a self-custodial wallet, using common rails for identity, messaging, and transaction coordination.