Global markets swung this week after the Fed's April minutes said inflation risks have resurged and further rate hikes could be warranted, lifting the dollar and Treasury yields with the 30 year yield at its highest since 2007. Nvidia reported $81.6 billion quarterly revenue, up 85% year over year, while the SEC approved Nasdaq to list Bitcoin index options.

A clothing e-commerce site associated with FBI Director Kash Patel was unreachable Friday after it was reportedly used to deliver malware aimed at stealing cryptocurrency from macOS users, CoinDesk reported. The site, identified as Based Apparel, allegedly relied on a social-engineering tactic that prompts visitors to manually copy and paste a Terminal command. The command was said to install a malicious program dubbed \u0022ClickFix,\u0022 which can harvest sensitive information including browser session tokens, local browsing data, and cryptocurrency wallet details. MetaMask has since labeled the site as \u0022potentially deceptive\u0022 and warned users about the risk of malicious transactions and asset theft. The report noted that PCMag previously replicated the technique. Decrypt said that when it attempted to verify the behavior, the page had been replaced with a message reading \u0022The store will be back online soon,\u0022 preventing further reproduction. Public records cited in the coverage indicate Based Apparel is jointly owned by Patel and Andrew Ollis, who is also listed as CEO and a board member of the Kash Foundation. The Kash Foundation\u0027s website states Patel is no longer affiliated with the nonprofit, which it says is not connected to any government agency, including the FBI. The extent of any losses remains unclear. Ahrefs data estimates the website draws about 33,600 visits per month. Infostealer-style malware is a common threat vector. Two months ago, the FBI said it was investigating multiple PC games on Steam that installed similar information-stealing malware.

Roundhill Investments has submitted an SEC filing for a new exchange-traded fund aimed at a rapidly expanding slice of AI infrastructure: businesses that lease GPU computing capacity to enterprises demanding machine-learning compute. The proposed Roundhill Neocloud ETF, expected to trade under the ticker $NCLD, would invest in what the filing calls "Neocloud Companies"—specialized cloud operators built around GPU horsepower rather than the broad, general-purpose cloud stacks offered by hyperscalers such as AWS, Azure and Google Cloud. In practice, neocloud providers concentrate on high-density AI data centers, GPU-as-a-Service (GPUaaS) platforms, the power infrastructure needed to run those facilities, and high-speed networking designed to move AI-scale data efficiently. Under the GPUaaS model, customers can tap large GPU clusters on demand without purchasing and maintaining hardware. ABI Research projects neocloud providers will generate more than $65 billion in GPUaaS revenue by 2030. The filing, dated May 22, 2026, adds to Roundhill's roster of AI-themed products. The firm already manages the Generative AI & Technology ETF (CHAT) and the Memory ETF (DRAM). The SEC submission does not yet list portfolio holdings or an expense ratio. It does outline the intended investment universe: companies involved in high-density AI data centers, GPUaaS platforms, supporting power infrastructure and high-speed network technologies designed for AI-scale data transfer. Investors will be watching how Roundhill ultimately defines eligibility once the methodology is released. The dividing line between a pure-play GPU cloud specialist and a traditional data center operator with AI offerings can be thin, and how that line is drawn will determine whether $NCLD provides differentiated exposure or resembles a repackaged version of existing tech infrastructure funds.

OnchainLens data shows whale trader "Evaded" has closed long positions in HYPE, ZEC and ETH, locking in $4.56 million in profit. The trader also initiated a new 15x leveraged short on 990 BTC, valued at about $74.5 million, with unrealized gains currently topping $1 million.

May 23 — Bloomberg reported that the U.S. Securities and Exchange Commission (SEC) has approved Nasdaq to list index options tied to Bitcoin's price. The contracts are designed to give U.S. equity-market participants another way to gain and manage Bitcoin-linked exposure beyond options on spot Bitcoin ETFs, enabling investors to trade and hedge BTC price swings through an index options structure without holding spot Bitcoin or ETFs directly. Market participants see the decision as another sign that traditional finance and the crypto asset ecosystem are becoming more closely integrated. Options on spot Bitcoin ETFs, including BlackRock's iShares Bitcoin Trust (IBIT), have already attracted significant trading activity.

The FBI's Internet Crime Complaint Center (IC3) reported that it received more than 13,400 complaints in 2025 tied to fraud involving cryptocurrency ATMs, with total reported losses exceeding $388 million. The figures mark a 23% rise in complaints and a 58% jump in losses from 2024. People aged 50 and older accounted for more than half of all complaints, with losses above $302 million, according to IC3. Crypto ATMs function much like traditional ATMs, enabling users to convert cash to cryptocurrency and back. IC3 said scammers often manipulate victims into sending money through these machines, typically by giving step-by-step instructions on withdrawing cash from a bank, finding a crypto ATM, and using it to deposit and transfer funds. IC3 noted the data covers complaints specifically connected to crypto ATM fraud and that the reported losses may not be attributable solely to the ATMs themselves.

A BlockBeats report said Bank of America's Q1 2026 Form 13F filing with the U.S. Securities and Exchange Commission, dated May 23, shows the bank holds nearly $530 million in cryptocurrency ETFs and crypto-related equities. The positions span ETFs tied to Bitcoin, Ethereum, XRP and Solana. BlackRock's spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), is the bank's largest single crypto ETF holding, with about 972,600 shares valued at roughly $37 million. Other Bitcoin ETF exposure includes about $7.98 million in Bitwise's BITB, $3.32 million in the Grayscale Bitcoin Mini ETF, and $1.71 million in Fidelity's FBTC. On the Ethereum side, the filing shows about $1.06 million in BlackRock's ETHA ETF. Beyond ETFs, the disclosure also lists stakes in crypto-linked public companies including Coinbase, Strategy, Robinhood, Circle and SoFi. Market participants see the growing use of ETFs and listed equities as a sign that traditional financial institutions are deepening indirect exposure to digital assets and reinforcing the broader institutionalization trend.

Bank of America's Form 13F for Q1 2026, filed with the U.S. Securities and Exchange Commission, shows the bank held roughly $53 million across ETFs tied to Bitcoin, Ethereum, XRP and Solana. The biggest single position was BlackRock's iShares Bitcoin Trust (IBIT) at about $37 million. Exposure to Ethereum ETFs fell to around $1.06 million, XRP ETF holdings were unchanged, and Solana ETF positions saw minor adjustments. The filing also lists approximately $660 million in Strategy (MSTR) shares.

Bank of America's latest Q1 13F filing, released May 23 (UTC+8), shows the bank held about $53 million in cryptocurrency ETFs and related equities during the first quarter. BlackRock's iShares Bitcoin Trust (IBIT) was its largest single crypto ETF position, valued at roughly $37 million. The bank reported 972,590 shares, up from 719,008 in the prior quarter. Other positions included Bitwise holdings worth about $7.98 million, Grayscale's Mini Fund at around $3.32 million, and Fidelity at approximately $1.71 million. Bank of America also disclosed smaller allocations in Grayscale's GBTC, VanEck's HODL, and Ark 21Shares products. The filing shows a sharp pullback in Ethereum ETF exposure. The bank retained only 67,492 shares of BlackRock's Ethereum ETF, valued at about $1.06 million, and also reduced its Solana ETF position. Its XRP ETF stake was unchanged, with 13,000 shares of the Volatility Shares XRP ETF. Separately, Bank of America reported holding about 3.96 million shares of MicroStrategy, valued at roughly $6.6 billion. (Source: ODAILY)