❓ What happened in #Crypto in the past 24 hours
1. Market Trends
▪️ $BTC is fluctuating at a high level, aiming for a new high, which indicates it has sucked the blood out of altcoins.
▪️ $ETH has been moving relatively smoothly lately, currently consolidating. Fortunately, it is holding steady at 2500, but the continuous transfer by the co-founders is concerning 😂
▪️ $SOL is performing weakly, currently hovering around 170.
▪️ All sectors of altcoins are experiencing a broad increase, but the gains are low. It seems that only a new high for $BTC can trigger a significant rebound.
2. On-Chain News
▪️ The total TVL across all chains is 116.519B, showing a slight increase compared to yesterday; Ethereum's 24-hour increase is 3.49%.
▪️ Classic projects on-chain are making a comeback, with $COLLAT seeing a 24-hour increase of over 15%, currently valued at 75M; $TROLL has a 24-hour increase of over 50%, currently valued at 15M; $House has a 24-hour increase of 29%, currently valued at 44.3M.
3. Hot News
▪️ @StriveFunds seeks to obtain 75,000 bitcoins through a claim against Mt. Gox to establish a bitcoin reserve.
▪️ The SEC has sued Unicoin and its executives for alleged securities fraud, involving over $100 million.
▪️ Trump's face-to-face pressure was ineffective, and some Republican House members still have reservations about the tax bill.
▪️ The Texas legislature has passed a bitcoin reserve bill, awaiting the governor's signature to take effect.
▪️ The Mayor of New York City announced the establishment of a cryptocurrency advisory committee.
▪️ Bancor has filed a patent infringement lawsuit against @Uniswap.
▪️ Blackstone has made its first bet on bitcoin, purchasing $1.08 million in the IBIT fund.
▪️ FTX plans to distribute repayments on May 30, with an amount exceeding $50,000, creditors will receive an initial payment of 72.5%.
▪️ Ethereum co-founder Jeffrey Wilcke has only 265.4 ETH left in his holdings.
▪️ The Supreme Court of India: A complete ban on cryptocurrencies is unrealistic and urges the government to issue regulations as soon as possible.
▪️ South Korean presidential candidate Lee Jae-myung proposed issuing a won-backed stablecoin to prevent capital outflow.
▪️ James Wynn and the “50x insider whale” opened a counter-trade on @HyperliquidX.
#Crypto $BTC $SOL $ETH $COLLAT $TROLL $House
