2024.5.17 Cryptocurrency Circle Events
● MN Trading CEO Michaël van de Poppe has exchanged all Bitcoin for altcoins and plans to buy more Bitcoin by the end of the year
● On May 16, BlackRock IBIT had a net inflow of $94 million, and Grayscale GBTC had a net inflow of $5 million
● Stablecoins flowed into exchanges, funds were gradually bottoming out, the upward trend remained unchanged, and it was positive
● JPMorgan Chase raised its estimate of Bitcoin production costs from $42,000 to $45,000
● Coinbase Future will launch $ONDO, $PYTH and $ZETA perpetual futures on May 23.
● Upbit has announced a warning on Stacks investment. $STX
● $ALEX - ALEX suffered a phishing attack, losing 13.7 million STX. Possible delisting from Korean exchanges.
● $AIT - AIT Protocol announced that it will release new token economics this Friday.
● $LINK - Chainlink announced the results of the Smart NAV industry pilot in partnership with DTCC and 10 major financial institutions, providing mutual fund data on-chain.
● $PYTH - Pyth Network announced the launch of the 50 million PYTH ecosystem grant program.