Binance News

The global cryptocurrency market cap now stands at $2.6T, up by 0.33% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $77,640 and $78,365 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $78,145, up by 0.10%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include CGPT, EDEN, and AIGENSYN, up by 20%, 18%, and 17%, respectively. Tokenized Money, Crypto Trusts, and Altcoin ETFs Point to a Regulated Market BuildoutThe market backdrop is muted, but the infrastructure story is accelerating. Japan is pushing on both sides of the digital-asset ledger: the BOJ is exploring tokenized deposits, blockchain reserves, CBDCs, and stablecoins, while SBI, Rakuten, and other brokerages prepare regulated crypto investment products. In the US, the CLARITY Act and a fresh wave of BNB and staked TRX ETF filings add to the sense that crypto’s next phase is being shaped less by price action than by rules, wrappers, and institutional access. BOJ's Deputy Governor Advocates Holistic Approach on Global Monetary SystemKey Takeaways:Tokenized deposits and blockchain reserves proposedUS promotes stablecoins, Europe advances digital euroJapan runs dual-track CBDC and stablecoin strategySummary:Bank of Japan Deputy Governor Ryozo Himino urged a comprehensive design for the future global currency system, arguing that tokenized bank deposits and blockchain-based central bank reserves should be considered alongside CBDCs and stablecoins. He noted that the US has banned CBDC issuance in favor of stablecoins to reinforce dollar dominance, while Europe advances the digital euro to address retail payment fragmentation. Japan is pursuing both paths — introducing stablecoin legislation and a CBDC pilot — and has launched a sandbox to explore tokenizing central bank reserves for blockchain-based settlements. Analysts note that blockchain reserve settlements could enable real-time 24/7 clearing and reduce congestion risks during stress scenarios. Japanese Securities Firms Plan to Launch Cryptocurrency Investment TrustsKey Takeaways:SBI and Rakuten develop crypto investment trusts11 of 18 brokerages eye post-regulation entryJapan crypto tax to drop from 55% to 20%Summary:SBI Securities and Rakuten Securities are preparing to launch cryptocurrency investment trust products, with 11 of 18 major Japanese brokerages surveyed by Nikkei planning to follow once regulations permit. SBI plans to offer ETFs and investment trusts in Bitcoin and Ethereum through subsidiary SBI Global Asset Management, while Rakuten aims to enable crypto trust transactions via a smartphone app. Japan's Financial Services Agency is working to amend the Investment Trust Law by 2028 to classify crypto as specific investable assets, with an approved bill expected to take effect in fiscal 2027 and reduce the crypto trading tax rate from 55% to 20%. The converging timelines of product development and regulatory reform signal a potentially significant expansion of Japan's regulated crypto investment market within the next two years. Mubadala Boosts Bitcoin ETF Stake to $660 Million, Harvard Cuts Another 43% Key Takeaways:Mubadala raises IBIT holdings to $660 millionHarvard slashes Bitcoin ETF position by 43%Dartmouth enters Solana ETF, Barclays adds optionsSummary:Abu Dhabi sovereign wealth fund Mubadala increased its BlackRock iShares Bitcoin Trust stake to 14.7 million shares worth nearly $660 million in Q1 2026, extending a four-quarter accumulation streak. In sharp contrast, Harvard University cut its IBIT holdings another 43% to 3.04 million shares and fully exited its $86.8 million spot ether ETF position. Dartmouth College disclosed one of the first institutional endowment allocations to a Solana ETF, purchasing $3.67 million of the Bitwise Solana Staking ETF, while Barclays revealed 4.46 million IBIT shares alongside put and call options. The divergent Q1 moves highlight how major institutions are taking varied approaches to crypto ETF exposure as the asset class matures. Canary Capital Joins ETF Push with Staked TRX Filing as VanEck, Grayscale Refresh BNB Bids Key Takeaways:VanEck, Grayscale amend BNB ETF filingsCanary Capital files first staked TRX ETFAltcoin ETF race accelerates beyond BTC, ETHSummary:VanEck and Grayscale filed fresh amendments for proposed spot BNB exchange-traded funds with the SEC, signaling acceleration in the race for the next U.S. altcoin ETF approval. The parallel filings suggest both asset managers are actively responding to SEC feedback and may be nearing a potential launch. Meanwhile, Canary Capital separately filed an amendment for what would be the first-ever staked TRX ETF, packaging Tron's staking yields within a regulated framework. The flurry of regulatory activity underscores growing issuer confidence in altcoin fund products despite ongoing market uncertainty. Bitcoin Sees Strongest Gains on US Holidays, CoinGecko ReportsKey Takeaways:US holidays yield +0.77% average daily BTC returnNew Year's Day leads with +2.01% average gainMLK Day and July 4th underperform the baselineSummary:Bitcoin delivers its strongest single-day returns on US federal holidays, with an average next-day gain of +0.77% compared to just +0.19% on non-holidays, according to a CoinGecko study covering May 2013 to May 2026. New Year's Day posted the highest average return at +2.01% with an 84.6% win rate, attributed to fresh capital allocations and tax-loss selling reversals, while Columbus Day matched that win rate with a +1.70% return. Martin Luther King Jr. Day and Independence Day underperformed with negative averages and sub-50% win rates. The findings highlight how seasonal liquidity patterns tied to US holidays can meaningfully influence short-term Bitcoin price action. A16z: US CLARITY Act Will Be A ‘Boon for Domestic Innovation’ Key Takeaways:A16z calls CLARITY Act a boon for US innovationSenate Banking Committee advances bill 15-9At least 7 Democratic senators needed for passageSummary:A16z crypto expressed optimism that the US CLARITY Act would significantly boost domestic innovation, citing the GENIUS Act's July 2025 passage as precedent for how clear regulatory frameworks can drive sector growth and adoption. The Senate Banking Committee advanced the Digital Asset Market Clarity Act in a 15-9 bipartisan vote, with 13 Republicans and two Democrats in favor and nine Democrats opposed, sending the bill to the full Senate. Grayscale assessed passage as likely but contingent on at least seven Democratic senators crossing party lines, noting the GENIUS Act previously secured 66 votes with 18 Democrats as evidence of bipartisan potential. Industry observers note that global jurisdictions are watching Washington's framework as a potential regulatory benchmark beyond US markets alone. Market movers:ETH: $2189.28 (+0.87%)BNB: $653.02 (-0.22%)XRP: $1.4182 (+0.84%)SOL: $86.85 (+0.99%)TRX: $0.3549 (+0.91%)DOGE: $0.11064 (+1.37%)WBTC: $77900.6 (+0.08%)U: $1.0002 (+0.01%)XAUT: $4532.37 (+0.07%)ADA: $0.2563 (+1.38%)

China Telecom has introduced trial commercial token plans, focusing on a framework of 'Token + Connectivity + Security.' According to NS3.AI, this initiative targets developers, small and medium enterprises, as well as individual and household customers. The company announced plans to soon launch the Tianyi Token Coin and token rights for its ecosystem partners.

SBI Securities and Rakuten Securities are preparing to introduce cryptocurrency investment trust products, according to Foresight News. The move comes as major brokerage firms like Nomura Securities express interest in following suit once a regulatory framework is established. A survey by Nikkei News of 18 leading brokerage firms revealed that 11 are considering offering such products after regulatory approval.SBI Securities plans to sell funds developed by its subsidiary, SBI Global Asset Management, which will include ETFs and investment trusts in high-liquidity cryptocurrencies like Bitcoin and Ethereum. The entire process, from product development to sales, will be managed internally within the group. Similarly, Rakuten Securities aims to collaborate with Rakuten Investment Management and other group members to independently develop products, with the goal of enabling cryptocurrency investment trust transactions via a smartphone app.On the regulatory front, Japan's Financial Services Agency is working to allow investment trusts and ETFs to include cryptocurrencies. The agency plans to amend the Investment Trust Law by 2028 to categorize cryptocurrencies as specific assets that can be held by investment trusts. The Japanese government approved a related bill amendment on April 10, which, if passed in the current parliamentary session, is expected to take effect in the 2027 fiscal year. At that time, the tax rate on cryptocurrency trading profits will be reduced from the current maximum of 55% to 20%, aligning it with the rates for stocks and bonds.

Japan's central bank is advocating for a comprehensive approach to designing the future global currency system, according to Foresight News. Vice Governor Ryozo Himino emphasized at the Japan Society of Monetary Economics annual meeting that the options should not be limited to central bank digital currencies (CBDCs) and stablecoins. He suggested that tokenized bank deposits and blockchain-based central bank reserves should also be considered.Himino noted that the United States has banned the issuance of CBDCs, opting instead to promote stablecoins to strengthen the dollar's status as a global reserve currency. Meanwhile, Europe is advancing the digital euro to address regional fragmentation in the retail payment system. These differing approaches highlight the need for a currency system design that considers technological feasibility, social costs, user convenience, financial stability, and monetary policy.Japan is preparing for both paths, having introduced stablecoin legislation and advancing a CBDC pilot project. The Bank of Japan has launched a 'sandbox project' to explore the technical feasibility of tokenizing central bank reserves for blockchain payment settlements. Analysts suggest that incorporating blockchain technology into reserve settlements could enable real-time clearing around the clock and reduce settlement congestion risks during stress scenarios.

Cardano whales currently possess nearly 67% of the total ADA supply, marking the highest concentration since 2020. According to Odaily, this significant accumulation by large holders reflects a notable trend in the cryptocurrency market.

According to The Block, first-quarter 13F filings reveal a sharp divergence among institutional crypto ETF holders. Abu Dhabi sovereign wealth fund Mubadala boosted its BlackRock iShares Bitcoin Trust (IBIT) stake to 14.7 million shares, worth nearly $660 million, while Harvard University slashed its IBIT holdings another 43% to 3.04 million shares and fully exited its $86.8 million BlackRock spot ether ETF position. Dartmouth College disclosed one of the first institutional endowment positions in a Solana ETF, purchasing $3.67 million of the Bitwise Solana Staking ETF. Barclays disclosed 4.46 million IBIT shares alongside put and call options, while Hong Kong-based Laurore trimmed its IBIT stake by 22%.

The United States has proposed conditions for unfreezing up to 25% of Iran's frozen assets, according to Odaily. Iranian media outlet Fars News reported that the U.S. has also demanded Iran to hand over 400 kilograms of enriched uranium.

According to The Block, VanEck and Grayscale have filed fresh amendments for proposed spot BNB exchange-traded funds, signaling an acceleration in the race for the next altcoin ETF approval in the U.S. The filings arrive as the broader crypto ETF landscape expands beyond bitcoin and ether products. Meanwhile, Canary Capital is pushing forward with its first-of-its-kind staked TRX ETF, also filing an amendment on Friday. The flurry of regulatory activity underscores growing issuer confidence in altcoin fund products despite ongoing market uncertainty.

Bitcoin (BTC) delivers its strongest single-day returns on US federal holidays, according to a CoinGecko study covering May 2013 to May 2026. The research found that US holidays produced an average next-day return of +0.77%, significantly higher than the +0.19% baseline for non-holidays. New Year’s Day led with an average next-day return of +2.01% and an 84.6% win rate, according to BeInCrypto. Columbus Day matched this win rate with a +1.70% return. However, Martin Luther King Jr. Day and Independence Day showed negative averages, with win rates below 50%. CoinGecko attributes the New Year’s Day effect to fresh capital allocations and tax-loss selling reversals.

According to Reuters, BlackRock has discussed investing $5 billion to $10 billion in SpaceX's initial public offering next month, The Information reported, citing people familiar with the matter. SpaceX is targeting a roughly $75 billion raise at a valuation of about $1.75 trillion, potentially the largest stock market flotation on record. BlackRock would deploy capital from its $536 billion in actively managed funds, though the final amount could shift based on IPO pricing. SpaceX aims to list as early as June 12 on Nasdaq. Both BlackRock and SpaceX declined to comment.

The US CLARITY Act, designed to enhance regulatory clarity for the American crypto industry, is anticipated to have a significant impact beyond the sector itself. According to Cointelegraph, venture capital firm a16z crypto expressed optimism about the Act's potential to boost domestic innovation if regulatory clarity is provided to builders. In a recent post, a16z highlighted the GENIUS Act, passed in July 2025, which established a regulatory framework for stablecoins, as a precedent for the potential outcomes of the CLARITY Act. The firm noted that the GENIUS Act's passage led to substantial growth and adoption, benefiting both the U.S. economy and the long-term dominance of the US dollar. The US dollar index, reflecting the dollar's strength against major currencies, stands at 99.27, marking a 1.28% increase over the past month. A16z emphasized that legal frameworks fostering innovation while protecting consumers position America as a global leader.Since its introduction in July 2025, the US CLARITY Act has sparked widespread speculation within the crypto industry regarding its potential influence on global markets. Sharplink Gaming CEO Joseph Chalom remarked that although the legislation is often viewed as a "US phenomenon," it is also perceived as a significant signal for other jurisdictions worldwide. Meanwhile, US asset management firm Grayscale, in a report released on Friday, assessed the likelihood of the legislation passing as high, contingent on bipartisan support to clear the full Senate and become law. Grayscale noted that despite some hurdles, the Digital Asset Market Clarity Act (CLARITY) advanced in the US Senate Banking Committee, with 13 Republican members and two Democrats voting in favor, while nine Democrats opposed it. With Republicans holding 53 seats, at least seven Democrats would need to support the bill for it to pass. Grayscale remains optimistic, citing the GENIUS Act's Senate approval with 66 votes, including 18 Democrats, as a precedent for potential bipartisan cooperation.

Bitcoin tested the $77,700–$78,000 support zone after falling to $77,711 intraday as U.S. Treasury yields stayed near multi-month highs. According to NS3.AI, the 10-year yield reached 4.599% and the 30-year yield hit 5.131%, while Farside Investors data showed two outflows in three sessions for U.S. spot Bitcoin ETFs. The analysis suggests that a close below $77,700 could open downside toward $75,000, while a move back above $80,000 would ease the bearish setup.

The prediction market Polymarket has observed a significant fluctuation in the odds for the 'Juventus FC vs. ACF Fiorentina' event. According to ChainCatcher, the 'Yes' option for Juventus FC's victory plummeted from a 75.5% probability an hour ago to the current 44.5%, marking a 31% decrease. This change highlights the impact of recent developments on the market.

According to Catcher Predict, the prediction market Polymarket has observed significant fluctuations in the win probability for Hanwha Life Esports in the 'LoL: Hanwha Life Esports vs. KT Rolster (BO3) - LCK Round 1-2' event. The probability for Hanwha Life Esports to win has plummeted from 46.5% an hour ago to the current 12%, marking a 34.5% decrease. Stakeholders should be aware of potential impacts from related breaking news.

Iranian media reported on the 17th that a senior spokesperson for Iran's armed forces responded to recent statements by U.S. President Donald Trump regarding Iran. According to Odaily, the spokesperson warned the U.S. against initiating new military actions against Iran. The spokesperson stated that any attempt to 'restore U.S. dignity' by taking action against Iran would result in the U.S. facing 'more intense and heavier blows.' The spokesperson also mentioned that if the U.S. imposes further military threats or actions against Iran, American military assets and forces in the region would face 'a new, offensive, unexpected, and storm-like response.'

OpenServ (SERV) surged nearly 70% in 24 hours, breaking out of a falling wedge pattern that had constrained its price since late October 2025. According to BeInCrypto, the token now trades near $0.051 with a market cap of approximately $39 million, ranking it 579 by market value. The rally coincides with renewed interest in autonomous AI agents, a narrative driving the crypto market. SERV's breakout above the $0.0287 level suggests potential upside to $0.067, though the 14-day RSI above 80 indicates possible profit-taking. OpenServ's infrastructure supports AI agent deployment, with its BRAID framework outperforming OpenAI models in benchmarks.

Israel's Central Bureau of Statistics reported that the country's GDP growth for the fourth quarter of 2025 has been revised to an annualized rate of 2.9%. According to Jin10, this adjustment reflects updated economic data and analysis. The revision provides a clearer picture of Israel's economic performance during this period.

Bitcoin has experienced a surge in social media activity following news of the Senate Banking Committee advancing the CLARITY Act, according to ChainCatcher. This development brings Bitcoin and cryptocurrencies closer to potentially gaining clearer regulatory guidelines. Historical data suggests caution when bullish comments on cryptocurrency market capitalization outnumber bearish ones by a ratio of 1.55 to 1, as market trends often defy public expectations.
The advancement of the CLARITY Act is seen as a positive step for the cryptocurrency sector, potentially providing clearer rules for the U.S. crypto industry. Currently, one of the major challenges facing the crypto field, particularly in 2026, is uncertainty. Companies, investors, and banks remain hesitant to fully commit due to unclear regulations regarding which crypto assets might be classified as securities and the rules they must follow. This uncertainty has led to a cautious approach to investment.
If the CLARITY Act is passed, it is expected to attract more institutional funds and well-capitalized investors into the market, increasing demand and potentially driving up prices. However, there is a possibility that the market value of many large-cap stocks may have already been factored into the market before the CLARITY Act officially takes effect.

AI agents have the potential to decrease the need for third-party applications by creating software within user-controlled settings. According to NS3.AI, the role of cryptocurrency in this context would involve providing verifiable endpoints and proofs. This includes the use of zero-knowledge systems, which can assist users in evaluating external services.

Norwegian billionaire Gustav Witzoe has chosen to remain in Norway despite facing significant wealth tax increases, which reportedly cost him approximately $100,000 daily. Bloomberg posted on X that Witzoe is focusing on leveraging technology to expand his family's business. The decision to stay in Norway comes amid discussions about the impact of wealth taxes on high-net-worth individuals and their business operations. Witzoe's commitment to his home country highlights his dedication to both his business and the local economy, even as financial pressures mount. By embracing technological advancements, Witzoe aims to drive growth and innovation within his family's enterprise, ensuring its continued success in a challenging economic environment.

Hong Kong's Financial Secretary, Paul Chan Mo-po, stated on the 17th that recent acknowledgments from various international organizations reflect a growing understanding of Hong Kong's latest developments and future potential. According to Odaily, these recognitions not only highlight Hong Kong's strong economic foundation and positive outlook but also help attract more international long-term investments to the region. Chan noted that the International Monetary Fund's latest report affirms Hong Kong's role as an international financial center and 'super connector,' acknowledging policies such as the development of the Northern Metropolis, which support innovation, high-value services, economic growth, and structural transformation. Additionally, international rating agencies Moody's and Fitch have confirmed Hong Kong's credit rating and 'stable' outlook.

According to PANews, the key to successful AI integration in enterprises is not the number of agents deployed, but the development of a continuously updated 'company brain.' Insights from Ramp's 100-day experience reveal that the context layer is essential for efficient collaboration between new employees and AI, reducing onboarding time and preventing tools from becoming isolated.

An investor who recently invested $1.39 million in ASTEROID has already seen a profit of $366,000, analyst @ai_9684xtpa posted on X. The purchase price was $0.0003297 per unit, and despite the large purchase causing a significant price increase, the current price stands at $0.0004141. This represents a return on investment of 26.4%, placing the investor among the top five holders of ASTEROID.

Lebanon's Economy Minister, Amer Bisat, has reported that the ongoing conflict with Israel since March 2 has resulted in estimated losses of up to $2 billion for Lebanon. According to Jin10, Bisat highlighted the significant impact of the war, describing it as a multifaceted challenge. He noted that the economic repercussions include widespread unemployment, halted agricultural production, closed manufacturing businesses, and a decline in tourism. Bisat emphasized the severity of the situation, estimating that the losses during the conflict amount to approximately 7% of Lebanon's GDP.

A significant investor has taken a short position on 300,000 HYPE coins, with an entry price of $43.398, analyst @ai_9684xtpa posted on X. The current price stands at $42.56, valuing the position at $12.73 million. Due to ample margin, the liquidation price is set at an unusually high $72.267. The investor's next move, whether to increase the position or take profits, remains uncertain.

Thai authorities have conducted a raid on a suspected illegal Bitcoin mining operation, according to ChainCatcher. The operation was discovered in a four-story commercial building after unusually high electricity consumption caused nearby building cables to overheat and melt. Investigations revealed that the site was illegally connected to the main power grid, supplying electricity to multiple Bitcoin mining machines on the fourth floor. The estimated power loss exceeds $80,000, while the registered monthly electricity bill was only about $11. Police have seized the mining equipment and are conducting further investigations into the individuals involved.

Samsung Electronics and its South Korean union are set to resume wage negotiations next Monday with the involvement of a government mediator. According to Odaily, this move may alleviate concerns over a potentially disruptive strike by the tech giant. South Korean Prime Minister Kim Min-seok stated on Sunday, following an emergency meeting with ministers, that a one-day halt at Samsung's semiconductor plant could result in direct losses of up to 1 trillion won. He further expressed concern that even a brief disruption in semiconductor production could lead to months of recovery time. Kim added that if a strike leads to the disposal of materials, economic losses could escalate to as much as 100 trillion won. Under South Korean regulations, if a labor dispute is deemed a threat to the economy or public welfare, the labor minister can issue an emergency arbitration order. This order would immediately halt industrial action for 30 days while the National Labor Relations Commission conducts mediation and arbitration. This measure is rarely used.

According to NS3.AI, EmberCN reported that the largest long position holder on Hyperliquid experienced a dramatic shift in their investment. Initially, the trader held a long position of 114,000 ETH, valued at $259 million, which transitioned from a $13 million unrealized profit to a $10 million unrealized loss. The trader initially opened a position of 99,000 ETH at a price of $2,270 at the end of April and subsequently added two smaller positions, resulting in an average cost of approximately $2,268.

South Korean Prime Minister Kim Min-seok announced on Sunday that he will explore all options, including emergency arbitration, to prevent a strike at Samsung Electronics. According to Odaily, Kim urged the company and the union to reach a compromise in their wage negotiations.

U.S. Energy Secretary Wright announced on Friday that the Strait of Hormuz is expected to reopen by this summer. According to ChainCatcher, Wright stated that the U.S. is continuing to expand its natural gas exports, despite losing a daily transport capacity of 10 billion cubic feet due to the closure of the Strait of Hormuz. The U.S. has added an additional 2.5 billion cubic feet of natural gas export capacity per day.
Wright emphasized that shipping through the Strait of Hormuz will resume as soon as possible, with a deadline set for this summer. He also mentioned that an agreement could be reached in the coming days. Wright warned that if Iran continues to hold the global economy hostage, the U.S. military would enforce the reopening of the Strait of Hormuz, although he acknowledged that this would not be an easy task. He noted that preliminary steps have been taken, but reaching an agreement would be preferable to using military force.

Recent on-chain data reveals that wallets holding at least 1 million ADA tokens collectively possess approximately 25.09 billion ADA, accounting for about 67% of the total circulating supply. According to ChainCatcher, this marks the highest level since July 2020. Despite a significant price drop of over 70% in the past nine months, these major holders continue to accumulate ADA.

Bitcoin is exhibiting signs of overheating, according to market analyst Ali, who shared insights on the X platform. The data reveals that traders' average realized profit margin has climbed to 17%, indicating that a significant number of investors are in a profitable position, which could lead to increased pressure for profit-taking.
According to ChainCatcher, a similar situation occurred in March 2022 when Bitcoin tested the 200-day moving average resistance, and the average profit margin also reached 17%. This historical signal led to a temporary market peak followed by a downward trend. The recurrence of this signal warrants close attention from the market.

SoSoValue (SOSO) is set to unlock approximately 15.82 million tokens on May 24 at 10:00 AM UTC+8. According to ChainCatcher, this token release is valued at around $5.86 million.

Nearly 70 officials and nominees from the Trump administration have disclosed crypto-related holdings and investments totaling at least $193 million. According to NS3.AI, this group accounts for over one-fifth of the nearly 300 senior appointees reviewed. U.S. President Donald Trump himself reported digital assets worth at least $51 million.

Grafana, an open-source data visualization tool, recently reported an unauthorized access incident involving its GitHub environment. According to ChainCatcher, an attacker obtained a token that allowed access to Grafana Labs' GitHub repositories and downloaded code. The investigation confirmed that no customer data or personal information was compromised, and there was no impact on customer systems or business operations. Following the incident, Grafana initiated a forensic analysis and identified the source of the credential leak, implementing additional security measures to protect the environment.
Additionally, Grafana revealed that the attacker attempted to extort the company by demanding a ransom to prevent the public release of the code. However, Grafana decided not to pay the ransom. The company plans to release more information about the incident after the investigation concludes.

Machi has increased its crypto positions, according to ChainCatcher. Onchain Lens monitoring reveals that Machi added $200,000 in USDC, bringing the total to $450,000. This move increased its long position to 5,075 ETH with a 25x leverage and established a new long position of 20 BTC with a 40x leverage. Currently, Machi's total losses have exceeded $32 million.

The market value of the Meme coin ALT on the HyperEVM chain has recently experienced a notable increase, surpassing $7 million before settling at approximately $6 million. According to ChainCatcher, this represents a 24-hour increase of over 440%. Investors are advised to be cautious due to the significant price volatility associated with Meme coins.

Onchain Lens posted on X that a cryptocurrency whale has sold 213,419 $HYPE tokens for $8.93 million at a price of $41.84 per token, securing a profit of $2.8 million. Over the past two months, this investor had acquired a total of 467,188 $HYPE tokens for $16.63 million, with an average purchase price of $35.59 per token. The whale continues to hold 253,769 $HYPE tokens, valued at approximately $10.5 million.

On May 17, Clemens Fuest, Director of the renowned German think tank Ifo Institute for Economic Research, expressed concerns in an interview with a CCTV reporter about the impact of U.S. and Israeli military actions against Iran on Germany's economic recovery. According to Jin10, Fuest highlighted that Germany, being a highly export-oriented economy, is currently facing economic challenges due to U.S. tariff policies. He noted that Germany's economic level has stagnated at the 2019 level, marking the seventh consecutive year of stagnation. The recent military actions have disrupted the anticipated economic rebound for Germany this year, which was expected to be driven by government spending and borrowing. As a result, Germany's economic growth is projected to be weak, estimated at around 0.6% for this year.
Fuest also mentioned that while Germany is not currently facing shortages in natural gas or other energy supplies, the obstruction of shipping in the Strait of Hormuz poses risks to global energy stability, affecting global industrial and supply chains. This situation further threatens Germany's economic recovery.

Build Markets CIO Matt Dines has expressed concerns that investors might be underestimating liquidity and interest rate risks associated with Strategy's STRC perpetual preferred stock. According to NS3.AI, this stock achieved a record daily trading volume of $1.5 billion on Thursday. Delphi Digital highlighted that STRC has an authorized issuance cap of approximately $28 billion, which could potentially hinder Strategy's ability to accumulate Bitcoin if the limit remains unchanged.