According to Odaily Planet Daily, eToro's latest financial report shows that its crypto asset revenue fell to $2.15 billion in the first quarter of 2026, down from $3.5 billion in the same period last year; the total number of crypto transactions on the platform decreased by 32% year-on-year. Despite the weakening trading activity, eToro continued to invest in its crypto business this quarter, including the $70 million acquisition of self-custodied wallet company Zengo and the launch of crypto trading services in New York. This trend is consistent with the overall performance of the industry. Robinhood's crypto revenue and trading volume both declined by about 50% in the first quarter, and Coinbase also recorded a net loss of $394 million, indicating that crypto trading platforms generally faced market cooling pressure at the beginning of this year.

Odaily Planet Daily reports that the U.S. Federal Court of Appeals is hearing the Roman Sterlingov appeal case, focusing on whether crypto services are subject to U.S. law. Key issues include whether a small number of transactions conducted by law enforcement in Washington are sufficient to establish jurisdiction, and the reliability of the FBI's evidence in identifying the defendant through "IP overlap analysis." The U.S. Department of Justice argues that Bitcoin Fog, as a global money transfer service for U.S. users, should be subject to U.S. law; while the defense questions whether law enforcement is "artificially creating jurisdiction."

According to Huoxun Finance, the US dollar index rose 0.35% on May 12, closing at 98.298 in late trading. The euro traded at 1.1741 against the dollar, down from 1.1775 the previous day; the pound sterling traded at 1.3532 against the dollar, down from 1.3629; the dollar traded at 157.59 against the yen, up from 157.21; the dollar traded at 0.7808 against the Swiss franc, up from 0.7782; the dollar traded at 1.3701 against the Canadian dollar, up from 1.3673; and the dollar traded at 9.2926 against the Swedish krona, up from 9.2235.

According to Huoxun Finance, U.S. stocks closed on Tuesday with the Dow Jones Industrial Average initially up 0.1%, the S&P 500 down 0.16%, and the Nasdaq Composite down 0.7%. Qualcomm fell 11%, Micron Technology fell 3.5%, and Intel and SanDisk both fell more than 6%. The Nasdaq China Golden Dragon Index fell 0.82%, while JD.com rose 3%.

According to Huoxun Finance, in the past 24 hours, a total of $278 million in positions were liquidated across the entire internet, including $231 million in long positions and $47.3631 million in short positions. Specifically, $57.1886 million in Bitcoin long positions and $8.4196 million in short positions were liquidated; $65.0585 million in Ethereum long positions and $6.644 million in short positions were liquidated. During the same period, a total of 92,695 people worldwide were liquidated. The largest single liquidation order was on Binance's ETHUSDT contract, valued at $2.714 million.