The Wire: May 29, 2026

The Wire: May 29, 2026

Bitcoin ETFs bleed for a record 9th straight day. BlackRock's IBIT lost $528M alone. The 11 U.S. spot bitcoin ETFs shed $733 million on Wednesday, extending the longest outflow streak since launch. Over the past two weeks, more than $2 billion has left the complex as BTC dropped below $73,000. IBIT's single-day loss missed its all-time record by less than half a million dollars. Analysts point to a confluence of factors: broken moving averages, fading institutional demand, and regulatory uncertainty. The sell-off accelerated after U.S.-Iran strikes rattled global risk assets, even as equities posted fresh highs.

Source: CoinDesk

CME launches 24/7 Bitcoin futures. The famous "weekend gap" is over. Starting today, CME Bitcoin futures and options trade around the clock on Globex, with only a 2-hour maintenance window on Saturdays. The move eliminates the notorious CME gap that traders have used as a price target for years. Three unresolved gaps remain on the books. Round-the-clock trading puts CME closer to parity with crypto-native venues and signals growing institutional demand for always-on access.

Source: CoinDesk

Paxos becomes the first crypto firm registered as an SEC clearing agency. The stablecoin issuer secured registration as both a clearing and settlement agency under the SEC, a first for any digital assets company. The move positions Paxos as regulated infrastructure for institutional crypto settlement, separate from its stablecoin business. Registration required meeting the same capital, custody, and risk management standards as traditional clearinghouses.

Source: The Block, Decrypt

NYSE parent ICE held "multiple talks" with Hyperliquid to explore onchain perps. ICE's CEO confirmed exploratory meetings with the Hyperliquid team as on-chain perpetual futures grow to rival traditional venues. Hyperliquid's oil perps alone generate roughly $1.6 billion in daily volume. The conversations come weeks after ICE and CME asked the CFTC to scrutinize Hyperliquid for potential manipulation risks. ICE has also partnered with OKX to launch regulated oil perpetual contracts benchmarked to Brent and WTI.

Source: The Block

Aave Labs secures dual UK licenses for regulated crypto payments infrastructure. Through its UK subsidiary, Aave Labs obtained two licenses from UK regulators for crypto payments operations. The move gives the largest DeFi lending protocol a regulated on-ramp in one of Europe's biggest financial centers. Aave's total value locked across chains exceeds $15 billion, making it the most capital-intensive DeFi protocol pursuing traditional financial licensing.

Source: The Block

Sol Strategies clears SOC 2 and ISO 27001 audits for its Solana staking platform. The publicly traded Solana infrastructure firm completed SOC 2 Type 1, SOC 1 Type 1, and ISO 27001 certifications on May 28. The audits cover its validator and staking operations. Institutional stakers increasingly require these compliance standards before delegating. Sol Strategies joins a small group of Solana validators with enterprise-grade security certifications.

Source: Cointelegraph

Tether's USAT tokenized treasury token supply surged 540% month-over-month. The latest attestation shows USAT, Tether's tokenized U.S. Treasury product, grew its circulating supply by 540% in a single month. The product gives holders exposure to short-dated Treasury yields on-chain. The growth rate dwarfs competitors and reflects accelerating demand for tokenized real-world assets, a segment now worth over $12 billion across chains.

Source: The Block

Numbers

• BTC: $73,217 (-0.2%)
• SOL: $82 (+1.2%)
• ETH: $2,000 (+0.7%)
• Solana DeFi TVL: $5.25B
• Top USDC yield (Solana): gmtrade at 85.14%

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