Robinhood has secured final regulatory approval in Canada for its $180 million acquisition of WonderFi.

ME News reported on May 26 (UTC+8) that as Elon Musk's Starlink network helped boost the effectiveness of U.S. "LUCAS" suicide drones in operations against Iran, SpaceX executives pressed the U.S. Department of Defense to pay more for satellite WiFi access. According to two people familiar with the matter and Pentagon documents, SpaceX representatives met with Defense Department officials within weeks of the start of U.S. bombing campaigns, arguing that the military pays about $5,000 per terminal connection even though it is using a higher-tier service priced at nearly $25,000. Interviews with five informed individuals and related documents show the dispute over Starlink's role in the LUCAS drone program is one of several recent flashpoints as tensions between SpaceX and the Pentagon mount over Starlink pricing.

CoinShares' latest weekly survey shows digital asset investment products posted net outflows of $1.47 billion last week, extending withdrawals for a second straight week. Combined outflows over the past two weeks reached $2.54 billion. Bitcoin products accounted for $1.315 billion of last week's redemptions, the largest weekly outflow since 2026. The United States led the selling, with $1.425 billion in outflows. Switzerland, Canada and Hong Kong also recorded net outflows of $16.2 million, $12.5 million and $12.2 million, respectively, pointing to broadly risk-off positioning rather than a move isolated to one region. The prior week saw $1.07 billion leave crypto ETPs, ending a six-week run of net inflows. By asset, Bitcoin and Ethereum remained the main sources of pressure, suggesting institutional investors are still cautious on large-cap crypto exposure. Ethereum products saw $222.8 million in outflows last week, roughly in line with the previous week, indicating little sign of relief. Some altcoins continued to attract selective buying. XRP posted $31.8 million of net inflows, Near drew $9 million, Solana added $7.7 million, Sui took in $2.9 million, and multi-asset products saw $4.7 million in inflows. While these figures were smaller than the previous week, they suggest some investors are reallocating rather than exiting entirely, trimming Bitcoin and Ethereum while maintaining thematic exposures. CoinShares highlighted Near's inflows as notable given the product manages about $740 million in assets. The report also pointed to Iran-related geopolitical risks as an important backdrop for recent volatility. CoinShares noted that any easing between Iran and the U.S. could reduce risks around the Strait of Hormuz and energy markets, potentially compressing Bitcoin's short-term risk premium linked partly to war concerns. At the same time, potential developments involving sanctions, energy settlement mechanisms, or expectations around the dollar system could keep medium- to long-term Bitcoin demand in focus. Overall, current flow data already signals a more defensive institutional stance toward near-term risks.

Taiwan's equity market capitalization has climbed to about $4.95 trillion, narrowly topping India's $4.92 trillion and lifting Taiwan to fifth place globally. The move is overwhelmingly tied to one stock: Taiwan Semiconductor Manufacturing Company (TSMC). Valued at roughly $1.8 trillion to $2.1 trillion, the chipmaker now makes up an estimated 42% to 45% of Taiwan's main equity benchmark. With TSMC up 49% year to date, Taiwan has effectively jumped ahead of multiple national markets. Updated global rankings now place equity markets in this order: the US, China, Japan, Hong Kong, Taiwan, then India. Taiwan first surpassed the UK (around $4.13 trillion) in mid-April, moved past Canada later that month to take sixth, and has now overtaken India to complete a rapid series of gains. India had held the fifth spot for an extended period, supported by sustained foreign inflows. Recently, that momentum has weakened as foreign portfolio investors have pulled capital, earnings growth in key sectors has cooled, and India has less direct exposure to the AI supply chain that is currently driving returns in Taiwan. TSMC sits at the center of the AI hardware buildout, producing advanced chips used in products ranging from Nvidia's data center GPUs to Apple's latest processors. Rising AI workloads have accelerated demand for leading-edge fabrication, and the market's re-rating reflects expectations that AI-related hardware demand will continue to compound with TSMC at a critical chokepoint. The flip side is concentration risk. With a single stock representing more than 40% of a national benchmark, any slowdown in AI spending or a flare-up in geopolitical tensions around the Taiwan Strait could unwind Taiwan's market gains as quickly as they arrived. For investors, big AI infrastructure budgets signaled by Microsoft, Google, Amazon, and Meta reinforce the spending pipeline that ultimately feeds into chipmakers and TSMC's fabs. India's slide also highlights a broader shift: markets that are not deeply embedded in the AI supply chain may find it harder to attract and retain global capital, as some allocators rotate from broad growth exposure into more concentrated semiconductor-linked positions. With a market approaching $5 trillion and heavily concentrated in one of the semiconductor industry's most strategically important companies, Taiwan's ascent is both a standout market success and an increasingly relevant source of systemic risk for global investors.

Robinhood has received final regulatory approval for its $180 million acquisition of WonderFi, clearing the last major hurdle ahead of an anticipated June 1 closing.

Crypto ETPs recorded $1.47B in net outflows last week, marking a second consecutive week of withdrawals and the third-largest weekly outflow so far in 2026. Bitcoin-focused products accounted for $1.32B of the total, their weakest week of the year. As a result, year-to-date inflows into Bitcoin funds fell to $2.6B from $3.9B in just seven days, according to CoinShares data cited by James Butterfill.

MoonPay has released an app on the ChatGPT app store that lets users start buying cryptocurrencies from inside the chat window, CoinDesk reported. The flow is designed to keep the purchase journey within the conversation. After a user types a buy request in ChatGPT, MoonPay returns a payment link within seconds and then routes the user to a checkout page to complete the transaction. MoonPay says the integration supports more than 100 crypto assets across 30 blockchain networks. Available tokens include XRP, Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and USD Coin (USDC). Payments can be made with standard debit or credit cards. The company framed the launch as more than a new on-ramp. By placing the trading entry point directly inside an AI chat interface, users can ask questions about an asset and proceed to purchase without switching between multiple apps. MoonPay argues this approach lowers the learning curve for first-time buyers who previously needed to navigate wallets, networks, gas fees and exchange workflows before making an initial purchase. The new setup consolidates parts of that process into a single chat session plus payment. The rollout also highlights a broader product trend: chatbots moving from information tools to transaction gateways as AI converges with payments and blockchain services. For XRP, in-chat buying could lift visibility in mainstream contexts, potentially reaching users who might not otherwise use traditional exchanges as interest in blockchain payments and cross-border settlement use cases grows.

Global cryptocurrency exchange-traded products (ETPs) saw outflows deepen to $1.5 billion, according to CoinShares. The firm said bitcoin-linked products recorded the worst weekly redemptions so far in 2026.

According to Huo Xing Finance, on-chain analyst Ai Yi said the Hyperliquid account "Evaded" is taking positions directly opposite those of the 1011 whale Garret Jin, whose earlier liquidation reportedly totaled $230 million. The two appear to be acting as near one-for-one counterparties. Evaded (@ICanPlug) is running a 40x leveraged BTC short worth $40.3 million and a 5x leveraged ZEC long worth $32.67 million. Garret (@GarrettBullish) is positioned the other way around, with a 5x leveraged BTC long worth $38.68 million and a 3x leveraged ZEC short worth $35.14 million. At present, Evaded shows an unrealized loss of $2.2 million, while Garret is sitting on an unrealized profit of $450,000.