According to Whale Alert monitoring, 999 BTC (approximately $60,853,459) was transferred from Huobi to an unknown new wallet.
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Due to the hard fork of the Chiliz Chain network, Upbit will temporarily suspend support for the deposit and withdrawal of digital assets on the Chiliz Chain network.
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In response to recent social media doubts about the SUI token model and founder-controlled tokens, Sui tweeted that its unlocked tokens are locked by a third-party custodian, cannot be traded, and are safely stored. Mysten Labs founder (Sui development team) does not control the Sui Foundation's treasury, community reserves, staking subsidies, or any tokens allocated to investors.
The Sui Foundation is the largest holder of locked tokens, which will be unlocked according to a public issuance plan to support developers, promote the Move programming language, improve network security, and develop the ecosystem through developer funding, hackathons, bug bounties, academic research, and other programs. In addition, staking rewards are already in circulation, consisting of staking subsidies and network fees. The Sui Foundation returns 100% of the staking rewards it receives to the community and includes them in the public distribution plan.
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According to the market, Meme coin TRUMP has broken through $6 and is now priced at $6.07, with a 24-hour increase of 13.4%. There is significant market volatility, please exercise caution and risk control.
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On May 12th, according to official reports from Bitlayer, PIKA on Bitlayer's Launchpad platform won third place in the Bitcoin DevCon hackathon competition. Bitcoin DevCon was held on May 7th and 8th, 2024 at the Hong Kong Science Park, sponsored by Bitlayer, and over 300+ projects participated in the event. After multiple rounds of selection, PIKA won third place and received a reward of 20,000U from Bitlayer Labs. PIKA is a Bitlayer Launchpad platform and has established a deep partnership with Bitlayer to help build the Bitlayer ecosystem.
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On May 11th, it was reported that Jian Wen, a 42-year-old British Chinese citizen, was found guilty of "participating in arranging money laundering" in the UK's largest Bitcoin money laundering case. He could be sentenced to up to 14 years in prison. Jian Wen's defense lawyer, Mark Harries, stated that due to the judge's busy schedule, the UK court has postponed Jian Wen's final sentencing, which was originally scheduled for May 10th, to May 24th.
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According to the South China Morning Post, a Hong Kong businessman and his son were pursued by the Hong Kong Tai Po Police District Serious Crime Unit for kidnapping a cryptocurrency investor, involving an amount of 15 million Hong Kong dollars. It is reported that a 55-year-old woman was abducted by four men in Tai Tau Tsuen earlier, and was taken away in a private car. Her husband tried to stop them but was unsuccessful. The woman was later released and went to the police station to report the incident. It is said that the woman invested in cryptocurrency and the incident involved a debt of 15 million. It is understood that the woman is a cryptocurrency investor and her husband is the owner of an IT company. The incident involved a debt of 15 million, and the police are pursuing the suspects for "causing bodily harm during the attack" and illegal confinement.
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Coinbase CEO Brian Armstrong stated during the Q1 2024 earnings call that "we only want to focus on how to make the cryptocurrency industry more applicable to the global financial system, making it faster, cheaper, and more global. We also try not to announce anything in advance during these conference calls. We don't want to announce the steam engine, let's really go and build."
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According to The Block, Bitcoin layer-two network ZKM announced the completion of a $5 million Pre-A financing, led by OKX Ventures, with participation from Amber, Metis Foundation, Crypto.com, and other companies. It is reported that ZKM is a zero-knowledge proof-based network aimed at unifying blockchains and creating a settlement layer on Ethereum.
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Pyth Network announced on X platform that the cumulative trading volume of Pyth Data has reached 2 billion US dollars.
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