The Ethereum Foundation has unstaked 21,270 ETH, close to 30% of the 70,000 ETH it previously committed to a treasury staking plan. Exchange balances remain low at about 14.5 million ETH, while ETH traded above the $2,300 range with weak short-term momentum indicators. Market attention is now on whether the unstaked funds stay in treasury wallets or move toward exchanges.

DraftKings and Flutter Entertainment are moving from consumer prediction-market products into market-making, with Q1 2026 earnings updates outlining the shift. DraftKings reported $1.6 billion in Q1 2026 revenue on May 7 and said its Railbird exchange is central to an effort to be a leading market maker before year-end. Flutter posted $4.304 billion in Q1 2026 revenue on May 6 and said it started providing market-making services on a major third-party platform in April while building its own offering.

Bitcoin moved higher over the past week from around $78,000 and tested $82,000 twice, while briefly slipping below $81,000 in early Asia trading on Tuesday. Analysts said spot volume has risen and buyers have continued to absorb pullbacks, though they also flagged softer capital inflows and a market that remains sensitive to risk appetite shifts.

BUILDon (B) continued its upward move over the past 24 hours after posting a 36% gain, one of the biggest increases among large-cap cryptocurrencies. The token’s price action is closely tied to Bitcoin, with the correlation near 81%, while spot netflow data showed about $1.24 million in net buying for BUILDon over the same period. Technical gauges such as ADX (near 39) and a positive MACD crossover suggest buyers still control the trend, though BTC sentiment remains a key swing factor.

The Senate Banking Committee released an updated, 309-page version of its Clarity Act around midnight Monday and is planning a markup later this week. The text incorporates revised restrictions around stablecoin rewards and includes language aimed at protecting non-custodial software developers, while leaving unresolved debates over ethics provisions tied to federal officials' crypto interests.

Gitcoin (GTC) has captured the market’s spotlight today, staging a dramatic 61.01% rally to reach $0.1664. While the broader market remains in a consolidation phase, GTC’s explosive performance, backed by a staggering 3,458% increase in 24-hour trading volume, marks a significant liquidity event. This surge comes as the Gitcoin DAO pushes toward its Gitcoin 3.3 roadmap and explores aggressive new utility models for the GTC token.

Global energy markets are on edge this Tuesday as oil prices climbed in early Asian trade. The catalyst remains the deteriorating relationship between Washington and Tehran, with President Trump declaring peace efforts to be on life support.

Crypto.com said on May 11 that its UAE entity, Foris DAX Middle East FZE, received a Central Bank of the UAE stored value facilities (SVF) license, allowing government fees to be paid using virtual assets via its Dubai Department of Finance partnership. The company said settlements will be completed in UAE dirhams or CBUAE-approved dirham-backed stablecoins, and that the authorization also supports planned payment integrations with Emirates Airlines and Dubai Duty Free.