Binance plans to re-enter the Philippine market through a partnership with BlockShoals within the sandbox framework of the Philippine Securities and Exchange Commission. （Cointelegraph）

According to Arkham data, 21Shares and Bitwise ETF purchased a total of $680 million worth of HYPE last week.

[Guofu Quantum Invests $39.8 Million to Acquire and Subscribe to Luffa AI Shares] According to Aastocks, Hong Kong-listed company Guofu Quantum acquired a total of 11.9 million issued shares of the decentralized social and messaging platform Luffa AI for $19.8 million (approximately HK$154 million) and subscribed to 10 million new shares of Luffa AI for $20 million (approximately HK$156 million). Upon completion of the transaction, Guofu Quantum will hold a 19.9% equity stake in Luffa AI. Luffa AI focuses on developing AI- and Web3-based communication and social networking products, offering end-to-end encryption, distributed technology, and decentralized identity management services.

Evaded reopens a 525.34 BTC short position (worth $403 million) with 40 times leverage, with a liquidation price of $77400. At the same time, its 53500 ZEC multiple orders (worth 329 million US dollars) are currently losing 1.87 million US dollars. （Lookonchain）

[Bitcoin Implied Volatility Index Drops to Nine-Month Low] According to Bloomberg, the Bitcoin Volmex Implied Volatility Index fell to 36.11 in Singapore on May 26, marking the lowest level since last September and nearing the 2023 low. This index is based on real-time crypto options prices and reflects the market's expectations for Bitcoin's volatility over the next 30 days. Analysts attribute the decline in volatility primarily to light trading activity and the outflow of speculative funds.