SpendNode Podcast: Crypto News & Analysis

Harvard's Q1 2026 13F shows the endowment sold its full Ethereum ETF position and trimmed 2.3 million shares of BlackRock's IBIT, a sharp reversal from its prior buildup. Read the full article: https://www.spendnode.io/blog/harvard-exits-eth-etf-ibit-sale-q1-2026-may-2026/

Abu Dhabi sovereign wealth fund Mubadala raised its BlackRock IBIT position to roughly $660M, accumulating while US spot Bitcoin ETFs shed $1B in a week. Read the full article: https://www.spendnode.io/blog/mubadala-660m-ibit-stake-q1-2026-may-2026/

Japan's biggest brokerage houses are preparing to distribute crypto investment funds, opening a major retail channel for digital asset exposure in Asia's third-largest economy. Read the full article: https://www.spendnode.io/blog/japan-biggest-brokers-crypto-investment-funds-may-2026/

Cointelegraph reports Bitmine's ETH treasury is more than five times larger than the next-biggest public ETH holder, deepening single-name concentration. Read the full article: https://www.spendnode.io/blog/bitmine-5x-larger-eth-treasury-than-next-holder-may-2026/

Washington Post reports more than 20% of senior Trump administration officials disclose crypto holdings totaling at least $193M, raising conflict questions. Read the full article: https://www.spendnode.io/blog/trump-officials-193m-crypto-holdings-wapo-may-2026/

Cointelegraph reports USDC circulation fell by roughly $1 billion over the past week, contracting alongside a softening crypto tape and BTC near $78K. Read the full article: https://www.spendnode.io/blog/usdc-circulating-supply-1b-drop-7-days-may-2026/

Canaccord Wealth UK, a $70B AUM manager, will let select clients allocate up to 5% to Bitwise BTC and ETH ETPs under an exclusive partnership. Read the full article: https://www.spendnode.io/blog/canaccord-wealth-uk-bitwise-btc-eth-etp-partnership-may-2026/

THORChain triggered an emergency halt on May 15 after a suspected multichain exploit, putting the cross-chain swap protocol's recovery and trust on trial. Read the full article: https://www.spendnode.io/blog/thorchain-multichain-exploit-emergency-halt-may-2026/

Ether's ratio against Bitcoin has slipped to a level last seen in mid-2025. Exchange inflows are picking up, and the 7-day gap between ETH and BTC keeps widening. Read the full article: https://www.spendnode.io/blog/eth-btc-ratio-yearly-low-exchange-inflows-may-2026/

Bhutan's sovereign wealth arm tells CoinDesk it has no record of selling the BTC that on-chain trackers logged as a $1 billion drawdown from its wallets. Read the full article: https://www.spendnode.io/blog/bhutan-disputes-1b-bitcoin-drawdown-coindesk-scoop-may-2026/

US-listed Bitcoin ETFs shed $1 billion in net weekly outflows, the worst capital flight since late January, as inflation fears rattle institutions. Read the full article: https://www.spendnode.io/blog/bitcoin-etf-1b-weekly-outflow-inflation-fears-may-2026/

Italy's largest bank Intesa Sanpaolo grew its crypto exposure to $235M in Q1 2026, deepening its push into digital assets under MiCA-era European banking rules. Read the full article: https://www.spendnode.io/blog/intesa-sanpaolo-235m-crypto-exposure-q1-2026/

Cointelegraph data shows HyperLiquid commands 90% of daily active users across perp DEXs, leaving dYdX, GMX, and Vertex fighting for the rest. Read the full article: https://www.spendnode.io/blog/hyperliquid-90-percent-perp-dau-market-share-may-2026/

Public companies added roughly 369,000 BTC to corporate treasuries over the past 12 months, accumulation that continues as Bitcoin trades near $79,000. Read the full article: https://www.spendnode.io/blog/public-companies-369k-bitcoin-12-month-accumulation-may-2026/

Kraken is migrating its cross-chain messaging from LayerZero to Chainlink CCIP, joining a broader retreat from LayerZero since the April 2026 exploit. Read the full article: https://www.spendnode.io/blog/kraken-layerzero-exodus-chainlink-ccip-may-2026/

Senator Elizabeth Warren says the CLARITY Act will blow up the economy, opening Democratic opposition as the crypto market structure bill heads to markup. Read the full article: https://www.spendnode.io/blog/warren-clarity-act-blow-up-economy-may-2026/

Cardano whale wallets now control 67% of circulating ADA, the highest concentration since 2020, raising questions about retail dispersion and price risk. Read the full article: https://www.spendnode.io/blog/cardano-whales-67-percent-ada-supply-may-2026/

Gerstein Harrow, the firm fighting Arbitrum over $71M in Kelp-exploit ETH, is now going after the $344M USDT that Tether froze for OFAC. Read the full article: https://www.spendnode.io/blog/gerstein-harrow-targets-tether-344m-frozen-usdt-may-2026/

Senator Cynthia Lummis says bank permissibility language in the CLARITY Act will make the US dollar a digital asset under federal banking rules. Read the full article: https://www.spendnode.io/blog/lummis-us-dollar-digital-asset-bank-permissibility-may-2026/

Dune Analytics laid off 25% of its workforce as CEO Fredrik Haga shifts the on-chain data company toward AI-driven products and a leaner cost base. Read the full article: https://www.spendnode.io/blog/dune-analytics-25-percent-layoffs-ai-pivot-may-2026/

Bitwise will list its Hyperliquid ETF BHYP on May 16, 2026, with in-house HYPE staking, putting it ahead of Grayscale's pending filing. Read the full article: https://www.spendnode.io/blog/bitwise-bhyp-hyperliquid-etf-in-house-staking-launch-may-2026/

Anthropic has agreed to a $30B raise led by Dragoneer, Greenoaks, Sequoia and Altimeter at a $900B valuation, per FT. Crypto markets noted but barely moved. Read the full article: https://www.spendnode.io/blog/anthropic-30b-raise-900b-valuation-may-2026/

Hana Bank acquired a 1 trillion won ($670M) stake in Upbit operator Dunamu, signaling South Korean commercial banks are ready to back digital asset operators. Read the full article: https://www.spendnode.io/blog/hana-bank-670m-dunamu-stake-south-korea-may-2026/

Sui introduces Spheres, controlled execution environments designed for institutional multiparty workflows on the Sui blockchain. Here is what it changes. Read the full article: https://www.spendnode.io/blog/sui-spheres-institutional-execution-environments-may-2026/

An Office of Government Ethics filing shows President Trump purchased Marathon Digital shares in Q1 2026, linking the White House to a public BTC miner. Read the full article: https://www.spendnode.io/blog/trump-mara-shares-q1-2026-oge-disclosure-may-2026/