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[Caixin: CRS 2.0 Will Include Crypto Assets in the Global Tax "Sky Eye," Overseas Taxation Tightens Comprehensively] The global tax "Sky Eye" CRS 2.0 is accelerating its implementation worldwide. Crypto assets, CBDCs, and certain electronic money products have been included in the scope of financial asset reporting. Hong Kong plans to implement CRS 2.0 by 2028 and simultaneously advance the Crypto Asset Reporting Framework (CARF). In the future, cryptocurrency exchanges, brokers, and crypto ATM operators will be required to report on crypto-to-fiat currency exchanges, cross-currency crypto asset swaps, and domestic and overseas transfers of crypto assets. Reports must precisely specify the full name of the asset, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), etc., and aggregate total market value, total holdings, and number of transactions by transaction dimension; for retail payment transactions, any single transaction amount exceeding $50,000 must be reported individually. Although mainland China has not officially announced a CRS 2.0 implementation timeline, since 2025, tax authorities in multiple regions have successively notified taxpayers via phone calls and text messages to self-check and report overseas income from 2022 to 2024 and pay taxes accordingly. It is reported that CRS 2.0 will not only fully expose overseas crypto asset holdings to tax regulatory oversight but may also trigger coordinated investigations by other regulatory agencies. $BTC $ETH

[A whale deposited 19 million USDC into Hyperliquid within 3 hours to continuously buy HYPE] According to Lookonchain monitoring, HYPE briefly broke through $50. In the past 3 hours, a whale deposited 19 million USDC into Hyperliquid to buy HYPE. So far, the whale has purchased 76,600 HYPE, worth $3.8 million, and the buying is still ongoing. $HYPE

Don't kiss for so long after drinking, it will affect others 😱

[A certain HYPE whale held a high-leverage long position for 7 months, turning a floating profit of about $14 million, once facing a floating loss of about $26 million close to liquidation] On May 20, according to Yujin, an address opened a long position of 1.38 million HYPE at $38.6 last November, with a nominal position value of about $67.4 million. As HYPE rose to $49, the current floating profit is about $14 million. During this period, the long position once faced a floating loss of about $26 million when HYPE dropped to around $20, close to liquidation. The position has been held for about 7 months, with cumulative funding fees paid of about $2.38 million, and the nominal position value fluctuated by more than $40 million. $BTC $HYPE

Bitunix Analyst: Yields and Geopolitical Trades Become Market Focus as Global Assets Enter Decoupling Phase On May 20, the market focus is no longer limited to stagflation itself, but rather whether risk assets can maintain high valuation structures after global long-term yields simultaneously spiral out of control. The U.S. 10-year Treasury yield is approaching 4.7%, and the 30-year yield has broken through 5.1%, prompting the market to reprice the risk of the "Fed possibly hiking rates again." Morgan Stanley and HSBC have simultaneously warned that U.S. Treasury yields have entered a dangerous range that could suppress stock market valuations, while long-term yields in Japan, the UK, and Europe are also rising in tandem, indicating a comprehensive reassessment of global funding costs. On the other hand, although a brief negotiation window appeared in the Middle East situation, the market has not truly lifted its guard. Trump stated he is willing to give Iran another 2 to 3 days for negotiations but emphasized that if the agreement fails, the U.S. may launch military strikes against Iran again. The Strait of Hormuz has yet to return to normal operations, NATO has even begun discussing escort plans after early July, and India plans to redeploy tankers into the Persian Gulf, showing that the global energy supply chain is gradually entering a "semi-wartime state." On the liquidity front, the U.S. stock market has begun to show signs of pressure. The S&P 500 has fallen consecutively, and long-term real interest rates continue to rise, indicating the market is recalculating the valuation rationality of AI and tech stocks. However, Deutsche Bank believes that oil prices have not yet spiraled out of control, economic data has not weakened, and the Fed has not officially entered a rate-hiking cycle, so the market is still in a "high volatility but not a full collapse" phase for now. In the crypto market, BTC currently remains range-bound, but liquidity structure has started to weaken. From the liquidation heatmap, there is a clear short liquidation zone above $78,000, while a large amount of long liquidity accumulates around $75,500 to $76,000. Since the current market core revolves around yields and global risk appetite, BTC in the short term acts more like a global liquidity barometer rather than an independent trend. Once U.S. Treasury yields continue to spiral out of control, risk assets may simultaneously face deleveraging pressure. $BTC

【Whale Evaded Opened Long Positions on ZEC and HYPE Starting Yesterday, Floating Profit of $2.1 Million in Two Days】 On May 20, according to Lookonchain monitoring, whale Evaded has a floating profit of $2.1 million within two days. Yesterday, they opened long positions with 10x leverage on 36,875 ZEC (worth $21.59 million) and 287,618 HYPE (worth $13.89 million), currently holding a floating profit of $2.1 million.

[Caixin: Overseas Taxation Tightens Comprehensively, CRS 2.0 Includes Crypto Assets in Global Tax "Sky Eye"] On May 20, according to the latest issue of Caixin Weekly, the global tax "Sky Eye" CRS 2.0 is accelerating its implementation worldwide. Crypto assets, CBDCs, and certain electronic currency products have been included in the scope of financial asset reporting. Hong Kong, China plans to implement CRS 2.0 by 2028 and simultaneously advance the Crypto Asset Reporting Framework (CARF). In the future, cryptocurrency exchanges, brokers, and crypto ATM operators will be required to report on crypto-to-fiat currency exchanges, cross-currency crypto asset swaps, and domestic and international transfers of crypto assets. Reports must precisely specify the full name of the asset, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), etc., and aggregate total market value, total holdings, and number of transactions by trading dimension; for retail payment transactions, any single transaction amounting to $50,000 or more must be reported individually. Although mainland China has not yet officially announced a timeline for CRS 2.0 implementation, since 2025, tax authorities in multiple regions have successively notified taxpayers via phone calls and text messages to self-examine and report overseas income for the years 2022 to 2024 and pay taxes accordingly. It is reported that CRS 2.0 will not only fully expose overseas crypto asset holdings to tax regulatory oversight but may also trigger coordinated investigations by other regulatory agencies. $BTC $ETH

【Hyperliquid's HYPE Spot Net Buy Power Reaches $2.1 Million in the Next 24 Hours】 On May 20, according to Hyperinsight monitoring, driven by the recent continuous rise of HYPE, there are currently 4 whales on Hyperliquid planning to buy over 10,000 HYPE spot tokens using TWAP (Time-Weighted Average Price) orders. Based on existing orders, the TWAP net buy power of HYPE is estimated to reach $2.1 million within the next 24 hours. $HYPE

【Bitcoin Spot ETF Total Net Outflow of $331 Million Yesterday, Net Outflow Continues for 3 Days】 On May 20, according to SoSoValue data, the total net outflow of Bitcoin spot ETFs yesterday (May 19, Eastern Time) was $331 million. The Bitcoin spot ETF with the largest single-day net outflow yesterday was BlackRock's ETF IBIT, with a single-day net outflow of $326 million. Currently, IBIT's historical total net inflow has reached $65.007 billion. Next is Valkyrie ETF BRRR, with a single-day net outflow of $3.7915 million. Currently, BRRR's historical total net inflow has reached $318 million. $BTC

[Analyst: About 60 whale addresses holding at least 10,000 ETH have liquidated their positions in the past two months] On May 20, it was reported that Ethereum whales seem to be exiting the network. In the past two months, about 60 whale addresses holding 10,000 or more ETH have completely liquidated or consolidated their holdings. When independent entities holding multi-million dollar positions exit the network in such a short time, it usually signals institutional profit-taking and asset reallocation. These large holders are using recent liquidity to de-risk, reflecting a clear lack of medium-term confidence. The decrease in the number of whales perfectly aligns with the recent trend of large capital inflows into exchanges. Data shows that the path of least resistance in the short term remains downward, so attention should be paid to Ethereum's $2000 support level. $ETH