Web3 Crypto Fund No.1｜Return: 3.26% for May 2026

I. Fund Performance Overview for Web3 Crypto Fund No.1

The fund posted a total monthly return of +3.26% in May.

Return sources include staking yields from BTC & ETH, spot core holdings of blue-chip cryptocurrencies, fixed-income RWA allocations, and small-position swing trading on leading public blockchains. Bitcoin slumped 9.3% in May amid massive scheduled token unlocks, U.S. regulatory bill negotiations and broad market volatility, dragging down the fund’s interim monthly performance. Nevertheless, recurring staking revenue and on-chain wealth management gains offset market drawdowns and secured positive cumulative returns year-to-date. Against the turbulent market backdrop in May, the fund outperformed most small-to-mid-sized crypto private equity products across the industry.

II. Key Global Crypto Industry Developments in May 2026

1. Core Industry Summit: Consensus Miami 2026 (May 5–7) | Top Monthly Event

1. CZ made a public appearance at the U.S. conference, disclosing plans to relaunch Binance.US and positioning BNB Chain for the AI Agent payment vertical.

2. Strategy revealed potential partial BTC divestment to fund shareholder dividend payouts.

3. Goldman Sachs and JPMorgan from Wall Street secured large exhibition booths to expand digital asset layout; the Trump family rolled out its flagship crypto offering WorldClaw.

4. The whole industry shifted focus from speculative token trading toward RWA tokenization, AI + Web3 integration and institutional-compliant implementation.

2. Critical Milestone for U.S. Crypto Regulatory Legislation (Early-to-Mid May)

The Digital Asset Market Clarity Act (CLARITY Act) was approved by the U.S. Senate Banking Committee and advanced to full Senate floor voting, with a 74% probability of final enactment. Once enacted, the statute will define clear DeFi regulatory boundaries and formalize rules for crypto ETFs and spot trading, marking a landmark in U.S. crypto legalization. Concurrently, several U.S. senators filed a petition urging the SEC to launch a formal investigation into the Trump family’s crypto project.

3. Expansion of Traditional Financial Derivatives

CME Group officially launched AVAX and SUI crypto futures, and is preparing to list a Nasdaq crypto index futures product tracking a weighted basket of seven major cryptocurrencies. Continuous expansion of regulated exchange-traded derivatives fuels incremental institutional capital inflows into crypto markets.

4. Industry-Wide Massive Token Unlock Wave (Full Month of May)

Total value of unlocked tokens across the crypto sector hit USD 41.8 billion in May. Large-scale scheduled unlocks from flagship protocols including SUI, ENA, HYPE, LayerZero and Arbitrum created heavy sell-side pressure on secondary markets, the core catalyst behind May’s choppy price action.

5. Groundbreaking Upgrades for On-chain Infrastructure

1. Ethereum (May 24): Vitalik Buterin published an announcement stepping down from core governance of the Ethereum Foundation; Ethereum transitioned from founder-centric oversight to full community autonomy following the Glamsterdam hard fork upgrade, with on-chain TPS exceeding 10,000 and sharp declines in average Gas fees.

2. Solana, ZKsync and Base sequentially rolled out mainnet upgrades and validator rule optimization; homegrown public blockchain Conflux hosted an ecosystem summit in Hong Kong to accelerate cross-border RWA commercialization.

6. Large-Scale Crypto Asset Seizure Incident (May 29)

U.S. authorities seized roughly USD 1 billion worth of Iran-linked stablecoin assets dominated by USDT, shattering the longstanding market perception of crypto’s absolute anonymity and censorship resistance and lifting market expectations for tighter global crypto supervision.

7. Ecosystem Consolidation: Mass Shutdown of Underperforming Projects

A roster of legacy DeFi protocols and crypto wallets such as Dmail Network, UX Chain and Leap Wallet announced permanent shutdowns, accelerating the industry’s bubble elimination cycle and driving sustained capital concentration toward top-tier public chains, regulated compliant products and the RWA sector.

8. Web3 Regulatory Updates in Hong Kong, China

HSBC and Standard Chartered obtained Hong Kong’s inaugural stablecoin (WDB) regulatory licenses. Hong Kong authorities confirmed the rollout of regulated OTC licenses and formal opening of the secondary RWA trading market in H2 2026, speeding up the formation of a mature Asia-Pacific compliant digital asset marketplace.