● Binance security team develops new algorithm that can detect over 15 million poisoned crypto addresses

According to Cointelegraph, a statement showed that Binance's security team developed an algorithm that can detect a large number of poisoned crypto addresses. It said: "We have developed a unique method to identify poisoned addresses, which helps us alert users before they transfer money to criminals, and helps identify and mark more than 13.4 million spoofed addresses on BNB Smart Chain and 1.68 million spoofed addresses on Ethereum." The algorithm will also help mark spoofed addresses on HashDit's user-facing products, web browser extensions, and MetaMask Snaps.

● CME Group plans to launch Bitcoin spot trading to meet growing demand on Wall Street

According to PANews, CME Group, the world's largest futures exchange, plans to launch Bitcoin spot trading in response to the growing demand for the cryptocurrency industry from Wall Street money managers this year. CME has held discussions with traders who want to buy and sell Bitcoin on a regulated market. This plan has not yet been finalized, but if implemented, it will further deepen the penetration of major Wall Street institutions into the digital asset field. This move follows the U.S. Securities and Exchange Commission's approval of stock market funds that directly invest in Bitcoin in January this year. CME has become one of the biggest beneficiaries of this wave of renewed institutional interest, with its market in Chicago currently having about 26,000 open positions worth about $8.5 billion, more than double what it was a year ago.

● K33 Research analyst: As of the end of March, 937 professional companies have invested in the US Bitcoin spot ETF

According to Odaily Planet Daily, Vetle Lunde, senior analyst at K33 Research, posted on the X platform that according to the 13F report, as of March 31, 937 professional companies invested in US Bitcoin spot ETFs. In contrast, gold ETFs had 95 professional companies investing in the first quarter (Bitwise). Retail investors own most of the circulating disk. As of the end of the first quarter, professional investors held an exposure of $11.06 billion, accounting for 18.7% of Bitcoin ETF AUM. Overall, the largest ETFs attracted the most institutional funds, and ARKB and HODL gained greater institutional dominance, thanks to ARK and VanEck's allocation to these ETFs.

● Morgan Stanley discloses $270 million investment in Bitcoin spot ETF

According to Foresight News, Morgan Stanley disclosed in its 13F report submitted to the U.S. Securities and Exchange Commission (SEC) in the first quarter that it invested $269.9 million in the Bitcoin spot ETF through Grayscale GBTC. This investment makes Morgan Stanley one of the largest holders of GBTC, second only to Susquehanna International Group's $1 billion investment.

● CryptoQuant: Bitcoin demand is once again in “acceleration mode”

According to Odaily Planet Daily, cryptocurrency analysis company CryptoQuant said in a report on May 15 that although Bitcoin demand rebounded from the low point of the re-accumulation range, it was in "acceleration mode" again after a two-month downward trend. The agency said: "Bitcoin demand growth seems to be stabilizing after a deceleration trend since March. The growth of the total Bitcoin balance of permanent holders and large investors seems to be in acceleration mode again." However, CryptoQuant added that Bitcoin demand needs to accelerate further for this price increase to continue. It also pointed out that the Bitcoin balance on the OTC trading platform is low, which indicates that demand is strong and exceeds the existing supply.

● The U.S. Senate votes to overturn the SEC's controversial crypto asset accounting regulations

According to Blockworks, the U.S. Senate passed Joint Resolution No. 109 on Thursday, which aims to overturn the Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) 121. The bill is now submitted to President Joe Biden. The White House previously stated that Biden would exercise his veto power once the resolution is passed in the Senate.

Proposed in March 2022 and effective the following month, SAB 121 requires digital asset custodians to report liabilities and “corresponding assets” on their balance sheets for all cryptocurrencies in custody.

● pump.fun: A former employee used his privileges to conduct a flash loan attack, stealing approximately $1.9 million

According to Odaily Planet Daily, pump.fun posted on the X platform that the attack was caused by a former employee who used his privileges in the company to illegally obtain withdrawal rights and carried out a flash loan attack with the help of the loan agreement, stealing about 12,300 SOL (worth about 1.9 million US dollars). According to previous news, pump.fun has upgraded the contract and the attacker can no longer steal any funds.

● US initial jobless claims fell last week, showing strong labor market momentum

According to ChainCatcher, the number of initial unemployment claims in the United States fell last week, showing strong momentum in the job market. As of the week ending May 11, the number of initial unemployment claims in the United States was 222,000, down from the previous week. This change is largely attributed to the surge in unemployment claims in New York related to the school spring break. Although the US labor market remains healthy, it is steadily rebalancing after the Federal Reserve has raised interest rates by 525 basis points since March 2022. The easing of labor market conditions and the resumption of the downward trend in inflation have increased the possibility of a rate cut in September.