U.K. government bond yields fell to five-week lows on Tuesday, with the 10-year gilt at 4.85% and the 30-year easing to 5.552%. Markets steadied as political uncertainty around Prime Minister Keir Starmer appeared to soften and expectations for future rate hikes were pared back.

BitMine Immersion Technologies disclosed a large unrealized loss tied to its Ethereum holdings, while its chairman Tom Lee's compensation plan can still pay out up to $95 million over five years. The company reported acquiring 4,473,459 ETH for $16.97 billion as of February 28, valuing that position at $8.79 billion, and later said it held 5,278,462 ETH by May 17.

Bitcoin's on-chain activity has cooled over the past two weeks, with active wallet addresses falling from 821,000 to 494,000. The 39.80% decline is cited as a sign short-term traders may be stepping back during a broader consolidation phase.

On May 26, Kraken deposited 5.06 ETH worth about $1.07M into Ethereum restaking protocol Eigencloud, according to EmberCN. The move comes as Eigencloud reports more than $6.53B in TVL while its EIGEN token trades near $0.25, roughly 96% below its $5.65 all-time high.

Bitcoin’s on-chain participation has cooled over the past two weeks, with active addresses dropping from about 821,000 to 494,000, a 39.8% decline. The pullback comes as BTC continues to consolidate below $80,000, while spot price was $77,363 at press time after a roughly 0.5% 24-hour gain.

On May 26, Brent crude rose 2.5% to $99 per barrel in European trading as the U.S. military confirmed strikes in southern Iran that it said targeted vessels allegedly trying to deploy mines and missile launch positions. The Strait of Hormuz—through which roughly 20% of global oil supply, or about 20 million barrels per day, transits—returned to focus, while WTI July futures were down 4.1% at $92.79 versus Friday’s close after Monday’s Memorial Day holiday. The report also cited a $3 to $5 per barrel Hormuz risk premium and outlined potential impacts on U.S. energy producers’ free cash flow and capital returns.

On May 26, OKX introduced Exchange OS, an upgrade to its Ethereum-compatible X Layer network that lets developers and institutions launch their own onchain trading venues using OKX's exchange-grade stack. The framework supports spot markets, perpetual futures, and prediction markets, with shared liquidity, settlement, and risk controls across deployments. OKX said the first Exchange OS-based venue is planned for June, and OKB was trading at $94.21 on May 26, up 13% over 24 hours.

On May 26, a pseudonymous onchain trader exited an ether short worth over $100 million for a $260,000 loss, then moved into a 20x leveraged bitcoin long sized at $13.43 million. The new position represents 175.04 BTC at $76,662, implying liquidation risk on roughly a 5% adverse move. At the time of the trade, ETH was at $2,090.55 and BTC was at $76,662.