Vitalik's reflections on the DeFi collapse are worth pondering; the industry indeed needs to consider how to withstand extreme market conditions.

Key points this week: Crypto investment products saw a net outflow of $1.67 billion; Vitalik proposed new thoughts on DeFi during a collapse; Japanese political parties support crypto ETFs and Japanese yen stablecoins; XBIT DEX rumored to make another large Bitcoin purchase; Bitcoin ETF experienced 10 consecutive days of capital outflows; S&P 500 rose 4% while BTC dropped 13%; Hacker losses in May 2026 decreased to approximately $68.3 million; Hyperliquid hit a new all-time high of $73.7; HYPE long positions' unrealized gains expanded to about $49.42 million.