MEXC On-Chain Observation Daily: Bitcoin ETF Net Outflow Exceeds $1 Billion After CPI Announcement

Updated: May 19, 2026 9:30 (UTC + 8) | Author: MEXC

1. Quick overview of important news

• Walsh became the new chairperson of the Federal Reserve, and Bitcoin in the US stock market fell synchronously
  
• 10X Research: Bitcoin ETF Net Outflow After CPI Exceeds $1 billion
  
• Goldman Sachs Clears XRP/SOL ETF, Still Holds Over $700 million BTC ETF
  
• Cross-chain protocol was attacked 8 times in the year, with a cumulative loss of $329 million
  
• On-chain RWA reaches a new high of $33.70 billion
  

2. Industry trends

10X Research: Bitcoin ETF Net Outflow Over $1 billion After CPI Release

According to Odaily Planet Daily, 10x Research data shows that after the release of CPI data, the net outflow of Bitcoin ETF exceeded $1 billion in a single day, and institutional funds withdrew significantly in the short term. Previously, the market had high expectations for CPI, and the actual data triggered concerns about the Fed's policy tightening, leading to institutional reduction and risk aversion. The flow of Bitcoin ETF funds is a core indicator of institutional sentiment. The large net outflow directly reflects the cautious attitude of traditional funds towards short-term market trends, which may suppress the upward momentum of Bitcoin in the short term and exacerbate market volatility.

Bernstein: CLARITY Act yield compromise clause will strengthen Circle's competitive advantage

According to Odaily Planet Daily, Bernstein's research report states that the latest provisions of the US CLARITY Act are beneficial to Circle and the USDC ecosystem. The bill prohibits stablecoin publishers from paying passive holders interest equivalent to bank deposits, but allows reward mechanisms related to transactions and payments. Circle's USDC reward model will be recognized by regulators. Currently, the total supply of US stablecoins has exceeded $300 billion, the proportion of USDC on-chain payments continues to increase, and the ARC chain has also completed a large number of testnet transactions.This clause strengthens the positioning of stablecoin "Payment Instrument", restricts the high-yield rat race in the industry. Circle's compliance business model will further consolidate market share and clear regulatory barriers for USDC's application in institutional payment and AI agent scenarios.

Standard Chartered: Tokenized assets on the chain will reach $4 trillion by 2028

According to AiCoin, the head of global digital asset research at Standard Chartered said that it is expected that the scale of tokenized assets on the chain will reach $4 trillion by the end of 2028, with stablecoins and RWA accounting for 2 trillion each, relying on the composability of DeFi to improve asset efficiency, taking BlackRock's BUIDL product as an example.Currently, the scale of off-chain assets is 1000 times that of on-chain assets. The tokenization of institutional-level assets may become the core of growth. The daily trading volume of stablecoin lending reaches 15-2 billion US dollars, and the scale of Coinbase and Morpho's Bitcoin lending products is about 1.75 billion US dollars. This prediction clarifies the development direction of tokenized finance in the future. Traditional Financial Institutions will accelerate the listing of assets on the chain, and on-chain assets will upgrade from "niche supplements" to important extensions of traditional finance, promoting the deep integration of the cryptocurrency industry and the traditional financial system.

United Kingdom Central Bank and FCA Launch Regulatory Consultation on Tokenized Financial Marekt

According to AiCoin, the Central Bank of the United Kingdom and the FCA launched a public consultation on May 18th, soliciting regulatory opinions on tokenized wholesale Financial Marekt, covering tokenized securities, collateral, and settlement tools. The feedback deadline is July 3rd. The plan is to release a feedback document and launch a digital wholesale market roadmap in the summer of 2026. At the same time, consultations will be conducted on extending the operating time of traditional settlement systems, with the goal of achieving synchronous settlement services before 2028.Currently, there is a lack of a unified regulatory framework for global tokenized finance. The United Kingdom's consultation will establish compliance standards for tokenized assets, clarify regulatory requirements for publishing, trading, and settlement links, provide a clear compliance path for institutional assets on the chain, and promote London as the regulatory and innovation center for tokenized finance in Europe.

NCUA publishes proposed rules for payment stablecoin publishers

According to AiCoin, the US National Credit Union Administration has released proposed rules to clarify the operational and risk management standards for stablecoin publishers under the GENIUS Act, ensuring that the standards of credit unions are consistent with those of bank subsidiaries. The comment period will last until July 17, 2026.Previously, there was a lack of unified standards for the regulation of stablecoins in the US, and there were significant differences in compliance requirements among different institutions. This rule will unify the publishing threshold and risk control requirements for payment stablecoins, standardize reserve asset management, user fund protection, and Anti Money Laundering processes, reduce industry systemic risks, provide regulatory guarantees for the large-scale application of stablecoins in the US dollar system, and further consolidate the dominant position of the US dollar in on-chain finance.

Galaxy receives New York BitLicense to provide digital asset services locally

According to the Odaily Planet Daily, Galaxy Digital has obtained a BitLicense and remittance license approved by the New York State Department of Financial Services. Its subsidiary, GalaxyOne Prime NY, can provide digital asset trading and custody services to residents, institutions, and businesses in New York State. New York has the deepest institutional capital pool in the US, and previously foreign institutions faced high compliance barriers in conducting digital asset businesses locally.This approval enables Galaxy to directly connect with New York institutional clients, provide compliance digital asset allocation channels for traditional capital, accelerate the entry of Wall Street funds into the cryptocurrency market, and promote the industry's transformation from retail-oriented to institutional allocation.

Verus Ethereum Cross-Chain Bridge Attacked, Losing About $11.58 million

According to the Odaily Planet Daily, the Blockaid vulnerability detection system found that the Verus Ethereum cross-chain bridge was attacked, causing about $11.58 million in losses. As the core hub for inter-chain asset circulation, the cross-chain bridge has always been a key target of hacker attacks. Previously, there have been multiple large-scale cross-chain security incidents in the industry.This attack once again exposed the shortcomings of small and medium-sized cross-chain projects in the security audit and protection system, which will force the industry to strengthen the security verification and risk control of cross-chain protocols, promote the application of security technologies such as multi-signature and zero-knowledge proof, improve the security of user cross-chain asset circulation, and reduce the market's liquidity preference for cross-chain assets in the short term.

Analysts: The aftermath of the rsETH security incident continues, and the demand for ETH cycle leverage has significantly cooled down

According to Odaily Planet Daily News, analysts said that after the rsETH security incident, ETH utilization rate fell below 90%, lending APY fell to 1.9%, wstETH and weETH deposit size decreased by about 1.20 billion dollars and 1.76 billion dollars, the market focus turned to whether funds will flow to protocols such as Spark and Morpho.Previously, the circular leverage strategy based on liquidity staking tokens was an important component of ETH's on-chain funds. Security incidents have triggered a crisis of trust in pledged assets in the market. The cooling of leverage demand will reduce the volatility of on-chain funds, reduce the risk of significant market liquidation, and promote users to migrate to safer lending protocols, reconstructing the fund distribution pattern of the DeFi lending market.

Iran launches marine insurance platform that supports cryptocurrency settlement

According to CryptoBriefing, Iran has launched a state-supported digital marine insurance platform, Hormuz Safe, which provides insurance for ships in the Persian Gulf and the Strait of Hormuz, and supports cryptocurrency settlements such as Bitcoin. Iran estimates that if it occupies a significant market share, its revenue may exceed 10 billion US dollars, aiming to bypass SWIFT and Western intermediaries and reduce traditional financial dependence. However, insufficient international recognition and secondary sanction risks are still the main challenges, which may affect the global promotion and liquidity of the platform.

Bitcoin Depot files for bankruptcy and liquidates assets

According to The Block, NASDAQ-listed Bitcoin ATM operator Bitcoin Depot has filed for Chapter 11 bankruptcy protection and announced an orderly liquidation of assets. Due to tighter compliance, trading limits, and operational bans, the business model is difficult to sustain. In the first quarter of 2026, revenue decreased by 49.2% YoY, with a net loss of $9.50 million. All 9,000 ATMs worldwide have been taken offline.The early Bitcoin ATM industry expanded rapidly due to low barriers to entry. Now, with the tightening of global encryption regulations, the operating costs of offline entities have risen sharply, highlighting compliance risks. This bankruptcy marks the end of the extensive offline encryption service model, and the industry will enter a stage of compliance and intensive development, promoting the migration of encryption services to online compliance channels.

3. MEXC platform heat dashboard

Data description: Taken from real-time market data before 09:30 (UTC + 8) on the MEXC platform, the data will be updated later or with market fluctuations

24H increase TOP3: VIM/USDT (+ 2132.60%), UBOX/USDT (+ 137.52%), INJ/USDT (+ 16.48%)

24H Volume TOP3: BTC/USDT (363.077M), ETH/USDT (233.421M), SOL/USDT (48.022M)

Meme Coin Hot TOP3: RAGEGUY/USDT , NEET/USDT , MAXXING/USDT

Platform new coin launch preview:

ME3/USDT, online time: 2026-05-19 17:00:00 (UTC + 8)

4. On-chain calendar

[Approaching high-risk unlock reminder]

• PYTH/USDT [05-21 11:15] Unlocked 95.93M USDT, accounting for 37.04% of circulation, with extremely high short-term selling pressure
  
• Humanity/USDT [05-25 03:45] Unlocked 70.95M USDT, accounting for 16.04% of circulation, with high short-term selling pressure
  
• MemeCore/USDT [06-03 03:45] Unlocked 178.54M USDT, accounting for 4.32% of circulation, with high short-term selling pressure
  
• Rain/USDT [06-11 06:45] Unlocked 380.16M USDT, accounting for 10.57% of circulation, with extremely high short-term selling pressure
  

Macro events worth paying attention to today

• May 19, 07:50: Japan's GDP price index data [reflecting inflation levels, affecting the linkage between the yen and global risk assets]
  
• May 19th, 20:30: Canada, core CPI series data [affecting central bank policy expectations, transmitting to commodity pricing logic].
  
• May 19, 21:00: US Federal Reserve official Waller speech [Focus on interest rates and inflation statements, affecting US dollar liquidity expectations]
  

5. Today's guide to avoiding pitfalls

Recently, there have been frequent security incidents involving cross-chain bridges and re-staking protocols. Some hackers have stolen user assets by forging cross-chain messages, attacking verification nodes, and even triggering multi-protocol chain risks. Many users blindly pursue high APY returns and store their funds in niche bridges or high-risk DeFi pools for a long time, ultimately facing the risk of asset freezing, liquidation, or theft.It is recommended that everyone choose top-tier, long-term verified cross-chain and DeFi protocols to avoid keeping large assets in the bridge for a long time. At the same time, regularly check wallet authorization, cautiously participate in high-yield and high-leverage on-chain projects, enhance asset security awareness, and protect the security of their own digital assets.

MEXC Chain Observation Daily, updated daily at 09:30 am, strives to provide professional, timely, and in-depth market analysis for cryptocurrency practitioners. Welcome to share and subscribe.

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Risk Warning: The content of this article is for reference only and does not constitute any investment advice. The cryptocurrency market is volatile, please make a cautious decision based on your own situation.