● This week, OP, SUI, DYDX and other tokens will be unlocked in large amounts, with a total value of over US$300 million
According to Foresight News, Token Unlocks data shows that this week, OP, SUI and DYDX will have a one-time large-scale token unlocking, with a total value of over $300 million. Among them, Optimism (OP) will unlock 31.34 million OPs at 8:00 on May 31, worth about $79.61 million, accounting for 2.88% of the circulation.
● The transition period for licensing virtual asset service providers in Hong Kong will end, and several platforms have withdrawn their license applications
According to Wu, the licensing transition period for virtual asset service providers (VASPs) in Hong Kong will end at the end of this month, and the SFC will decide whether existing service providers can continue to operate after June. Recently, several platforms have withdrawn their license applications in Hong Kong. Xu Jiansheng, former chairman of the Hong Kong Computer Industry Association and convener of the WebX Industry Alliance, believes that the cost of operating a trading platform in Hong Kong is relatively high, such as license fees and hiring responsible personnel. In addition, the transactions of existing platforms in Hong Kong have not increased significantly, and the liquidity is not as good as that of overseas platforms, which has failed to attract overseas customers. The market may not be able to accommodate a large number of license applicants. The overseas business of large international platforms has matured and may withdraw their applications due to profitability issues in the local market.
● PEPE's market value exceeds 6.7 billion US dollars, surpassing MATIC and ranking 21st in the cryptocurrency market value ranking
According to ChainCatcher, coingecko data shows that the market value of Meme coin PEPE has exceeded 6.7 billion US dollars, surpassing MATIC (market value of approximately 6.677 billion US dollars), and has risen to 21st in the cryptocurrency market value rankings. In addition, PEPE's token has risen by 6.1% in the past 24 hours and is now quoted at 0.00001603 US dollars, setting a record high.
● Crypto KOL Ansem predicts that the volatility of major cryptocurrencies will be low this summer
According to Odaily Planet Daily, crypto KOL Ansem posted on the X platform that the volatility of major cryptocurrencies is expected to be low this summer, similar to the market conditions in Q2 and Q3 last year. Then, as the US election approaches, volatility will begin to pick up.
● Apple will launch new AI features at its developer conference next month
According to PANews, Apple plans to launch a series of new artificial intelligence features at its developer conference next month, which are mainly focused on tools used by ordinary consumers in their daily lives. The core strategy "Gray Matter Project" integrates AI tools into core applications such as Safari, Photos and Notes. These features are partially run on the device, and high-performance requirements are handled in the cloud, which is supported by the M2 Ultra chip.
● Despite the SEC’s Wells Notice, Uniswap will continue to implement free conversions and promote decentralized governance
According to Odaily Planet Daily, the Uniswap Foundation said that despite the Wells Notice issued by the U.S. Securities and Exchange Commission (SEC), free conversions will still be implemented. Uniswap Labs claims that under the current legal classification, the SEC has no right to regulate its decentralized protocol. This response is very timely because the 21st Century Financial Innovation and Technology Act will be voted on in the House of Representatives after passing the Senate vote. The bill may change the way the SEC and the U.S. Commodity Futures Trading Commission (CFTC) regulate cryptocurrencies. According to Uniswap, if the proposal for a new fee mechanism is approved at the end of this month, control of the mainnet UniswapV3Factory will be transferred to a specially designed new V3FactoryOwner contract, marking a milestone in Uniswap's decentralized governance.
● The account of well-known trader GCR X was stolen, and the hacker released a message causing ORDI price to rise in the short term
According to ChainCatcher, the account @GCRClassic of the well-known trader GCR X was stolen. The hacker posted a message "bullish and heavily invested in ORDI" through his account, causing ORDI to rise from around 38 USDT to 44.5 USDT in the short term and then fall back. GCR is a legendary whale trader who became famous for publicly betting 10 million US dollars with Luna founder Do Kwon, believing that the price would be lower than the current price within a year and shorting it.
