Bitmine, backed by Tom Lee, added 25,000 ETH worth about $48 million around 12 hours ago, according to Lookonchain. The latest transfer increases the firm's Ethereum holdings as broader digital asset markets remain under pressure.

Garrett Jin (@GarrettBullish) appears to have sold into strength. From May 6 to May 10, he transferred 577,717 ETH (about $1.35B) to Binance at an average price of $2,337. After the deposits, ETH entered a sharp selloff, falling more than 20%.

The Digital Asset Market CLARITY Act has been added to the U.S. Senate legislative calendar, making it eligible for consideration by the full Senate. The bill advanced out of the Senate Banking Committee with bipartisan backing. Lawmakers must still set a date for floor debate and a final vote before the measure can move to the next stage.

UPDATE: Tom Lee's Bitmine is currently carrying $8.86 billion in unrealized losses tied to its Ethereum treasury.

Hyperliquid is increasingly being used by some Wall Street traders to access perpetual futures tied to both crypto and traditional assets during weekends and outside standard market hours, The Wall Street Journal reported. The platform offers contracts linked to BTC, the S&P 500, crude oil and pre-IPO names such as SpaceX. According to the report, Hyperliquid is not available to U.S. residents, though some users in restricted jurisdictions still reach the platform via VPNs. Its expanding range of underlying assets is also positioning it closer to prediction markets and options trading.

The Blockchain Association is calling on the U.S. Senate to pass the Clarity Act, pointing to a letter signed by 160 former security officials in support of the legislation.

Flash: Bitcoin has fallen below $66,000.

Breaking: Tom Lee (@fundstrat)'s Bitmine is sitting on an estimated $8.9B unrealized loss tied to 5,416,901 ETH, a position valued at $10.03B. Michael Saylor (@saylor)'s Strategy is down about $7.6B on its 843,706 BTC holdings, currently valued at $56.26B.

Need to catch up? Here are today's top 10 headlines. 1) GameStop ($GME) reported the highest quarterly net income in its history at $389.6 million and announced a $2 billion share repurchase program running through 2029. 2) SpaceX is targeting a $1.75 trillion valuation in an IPO next week and aims to raise at least $75 billion, Reuters reported. 3) Grayscale's Hyperliquid Staking ETF ($HYPG) begins trading tomorrow, featuring the lowest gross management fee among U.S.-listed $HYPE ETPs. 4) The SEC has elevated digital assets to a strategic priority in its five-year roadmap through 2030. 5) The U.S. Treasury sanctioned Iranian crypto exchanges Nobitex, Bitpin, Ramzinex, and Wallex, along with several individuals tied to the platforms. 6) Citi projects tokenized asset markets could reach $8.2 trillion by 2030 and cited Chainlink CCIP as a leading interoperability standard. 7) Ethena and Coinbase partnered to expand on-chain finance products. Coinbase Ventures also made its first open-market investment in ENA. 8) The CLARITY Act has been added to the U.S. Senate Legislative Calendar. 9) The Cardano Foundation partnered with Brazil's Olympic Committee to introduce public blockchain technology into Olympic sports. 10) President Trump signed an executive order focused on AI innovation and security.