Selasa, 19 Mei 2026

Spot Bitcoin ETFs bleed $1B, Trump’s White House weighs 250 pardons, and other news


Plus, Trump's pardon plans and Aave news.	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

Your weekly roundup of the 🔥hottest news in crypto:

A Week in Review: Spot Bitcoin ETFs bleed $1B, Trump’s White House weighs 250 pardons, and other news

May 10 - 16

#1

Spot Bitcoin ETFs bleed $1B in a week, snapping 6-week inflow run

Spot Bitcoin exchange-traded funds (ETFs) recorded $1 billion in weekly net outflows, ending a six-week inflow streak that had drawn a combined $3.4 billion.

The week started on a cautiously optimistic note, with Monday posting modest inflows of $27.29 million, according to data from SoSoValue. The tide turned sharply on Tuesday, when investors pulled $233.25 million from the funds. Selling pressure intensified on Wednesday, the worst single day of the week, with outflows reaching $635.23 million.

A brief reprieve came on Thursday, with inflows of $131.31 million. However, Friday erased that recovery when a further $290.42 million exited the products, ending the week with $1 billion in outflows.

Get the full story

#2

NY judge pushes back hearing for Aave’s bid to unfreeze $71M in ETH

A New York judge delayed a decision on Aave’s emergency bid to unfreeze $71 million worth of crypto tied to the victims of the $293 million Kelp DAO hack, asking for additional information ahead of a hearing in June.

Aave has sought to use $71 million in ETH that Arbitrum froze to assist with recovery efforts following the Kelp DAO hack, one of the worst DeFi hacks this year.

However, US law firm Gerstein Harrow LLP filed a restraining notice at the start of May, arguing its clients have a claim to the funds.

#3

Trump’s White House weighs 250 pardons to celebrate America's 250th birthday

US President Donald Trump is reportedly considering pardoning 250 people to commemorate the country's 250th birthday on July 4, according to The Wall Street Journal.

An official announcement could come on June 14, Trump's birthday, or during the Independence Day event on July 4, the WSJ reported Thursday, citing people familiar with the matter.

However, the pardons are still in the preliminary stages and have yet to be confirmed. More than 16,000 formal requests for presidential pardons were submitted last year.

Prediction of the week

Bitcoin risks slump after hitting “major bear market resistance”: CryptoQuant

Bitcoin is at risk of falling into a downtrend after its price hit a key historical “major bear market resistance level” based on its 200-day moving average, according to the crypto analytics firm CryptoQuant.

The cryptocurrency hit its 200-day moving average of $82,400 after rallying over six weeks since early April when it fell to $66,000, CryptoQuant said in a report on Wednesday.

“The 200-day MA [moving average] was a major resistance in the 2022 bear market: the price resumed its downward trend after hitting it in March of that year,” it said. “The current setup raises the question of whether history repeats.”

FUD of the week

ICE, CME press US regulators to “rein in” Hyperliquid energy trading: Report

Intercontinental Exchange (ICE) and the Chicago Mercantile Exchange (CME), the two largest exchanges for energy-linked commodities, are pressuring US regulators to clamp down on the Hyperliquid decentralized exchange’s expansion into commodity markets.

Executives from both companies say that Hyperliquid’s energy-linked onchain derivatives pose insider-trading and price-manipulation risks, according to Bloomberg, which cited unnamed sources familiar with ongoing talks with US regulators.

ICE and CME cited Hyperliquid’s “anonymous” and “unregulated” nature as a major risk to critical energy markets such as oil and gas, which could be used by state actors to circumvent sanctions, the report added.

FUD of the week

Ethereum analysts see “downside risks” as bears eye 20% ETH price drop

Market analysts say Ether (ETH) faces “downside risks” that could trigger another 20% downtrend toward $1,700.

Ether’s 40% recovery from multi-month lows below $1,800 was dampened by resistance from the $2,400 level.

Analysts have outlined several reasons for Ether’s inability to break $2,400, including “significant” inflows into exchanges, according to CryptoQuant analyst BorisD.

The chart below shows a sharp increase in ETH reserves held on Binance to 3.84 million from 3.36 million between May 5 and May 9.