Daily market report (May 22, 2025, 21:10 Beijing time)
ChainDD May 22 market report shows, comprehensive DD index and CoinMarketCap quotes:
BTC is priced at $111,433.40, with a 24-hour increase of about 4.27%;
ETH is priced at $2,657.54, with a 24-hour increase of about 4.74%;
BNB is priced at $687.97, with a 24-hour increase of about 5.04%;
DOGE is priced at $0.2411, with a 24-hour increase of about 6.70%;
SOL is priced at $178.39, with a 24-hour increase of about 5.59%.
Cryptocurrency news
UK court dismisses BSV investors' $11.9 billion claim against Binance.
The UK Court of Appeal recently partially dismissed a lawsuit by Bitcoin SV (BSV) investors against major cryptocurrency exchanges including Binance, which accused these exchanges of jointly delisting BSV in 2019, leading to investor losses. The court ruled that the investors' claim for £8.9 billion (approximately $11.9 billion) lacked basis, stating that investors had a responsibility to mitigate losses through means such as selling or reinvesting. The court pointed out that BSV is not an irreplaceable crypto asset, and investors could have chosen other similar assets such as Bitcoin or Bitcoin Cash for investment. Additionally, the court dismissed the investors' claims regarding 'missed appreciation opportunities', stating that this theory does not hold in the context of highly volatile crypto assets.
Sui: Will provide support for Cetus and provide further updates as soon as possible.
Sui posted on platform X: 'At 18:52 Beijing time, we learned of an incident related to Cetus. The Cetus team is actively investigating this matter, and we will provide full support and further updates as soon as possible.'
Opinion: BTC reaching a historical high is partly due to investors seeking alternatives to U.S. assets.
Reuters analysis states that concerns over U.S. finances and lukewarm U.S. Treasury auctions, along with Trump's attempts to push Congress to pass his comprehensive spending and tax cut plan, have led to a decline in the dollar. Against this backdrop, Bitcoin broke through $110,000 this Thursday, setting a new historical high. Part of the reason is investors seeking alternatives to U.S. assets, while also signaling that the cryptocurrency bull market has further room for growth. These signals include: a general recovery in the stock market, capital being reinvested in Bitcoin ETFs, and an increasing number of publicly listed companies holding Bitcoin.
Slow Mist CISO: Cetus theft suspected to be due to calculation precision issues leading to vulnerabilities.
Slow Mist Chief Information Security Officer @im23pds stated that preliminary analysis of the reason for the Cetus theft suggests it was due to vulnerabilities caused by calculation precision issues.
