5.17 Morning Report:
1. BTC rose as expected and began to fall back. The ETH/BTC exchange rate continued to fall and suffered a large correction of copycats;
2. Memecoin was once again the vanguard of the rebound. After falling, it rebounded the fastest;
3. Yesterday, it was thought that "value coins" began to counterattack, but it was just a "flash in the pan". Most value coins were oversold and continued to fall, setting a new low;
4. Game Station concept-related memes collectively fell back, with Chengdu's callback as high as 80-99%, led by KITTY GME AMC; have all the big brothers who shouted orders run away? ? ?
5. Pump.fun suspended trading after an apparent flash loan attack; it is said that 8,000 WU was taken out, but it is not known whether it is true or not. Some people say that they received airdrops, while others say that they did not receive them; Pump.fun attackers are suspected of carrying out a large number of airdrops, including slerf, saga and other holders Pump.fun: Platform trading has been suspended, and it is working with law enforcement agencies to reduce losses;
6. Coinbase's stock price fell 9%, and it was reported that CME would consider listing Bitcoin spot trading;
7. Lookonchain monitoring: The deployer of a project called WallStreetBaby disappeared nearly 5,000 SOL; the contract address was announced on tw in advance, and a large number of people were sniping, and then the project party shipped it frantically; this project performed very poorly on eth, but it can make money on solana. It can only be said that there are really a lot of hot money funds in sol;
8. Deribit: BTC and ETH with a nominal value of about 2.13 billion will definitely be cashed out today;
9. The Senate passed the repeal of SAB 121; SAB 121 was introduced in March 2022 and the following month, requiring digital asset custodians to report all deposits of custodial currencies and "corresponding assets" on their asset deposit tables.
