Politico reporter Eleanor Mueller stated on X platform: "As far as I know, the Democratic leader of the US House of Representatives stated today that they will not force Republican members of the House to oppose the cryptocurrency bill. The "urging vote" email sent to members this morning stated that Representatives Maxine Waters and David Scott "strongly oppose" the bill, but did not urge them to vote "no". Waters and Scott also just sent a letter to their colleagues on the bill: it links to a fact sheet warning that implementing a "relatively lax regulatory regime" under the Commodity Futures Trading Commission (CFTC) and existing "huge loopholes" could lead to some areas having "no major regulatory agency". "According to the document shared by Mueller, the above-mentioned cryptocurrency bill refers to the "21st Century Financial Innovation and Technology Act" (FIT21), which will be voted on in the US House of Representatives this week.
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According to data from coinglass, the total amount of liquidations across the entire network in the past 24 hours was 109 million US dollars, with long positions liquidated for 69.51 million US dollars and short positions liquidated for 39.32 million US dollars. Among them, the amount of BTC liquidated was 24.78 million US dollars, the amount of ETH liquidated was 22.05 million US dollars, and the amount of SOL liquidated was 6.59 million US dollars.
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On May 20th, Solana ecosystem DEX Jupiter announced that the Solana ecosystem LST protocol Sanctum Infinity has been integrated into Jupiter Routing. Sanctum's INF is a basket of LST used to provide liquidity between various LSTs and earn transaction fees without sacrificing staking rewards. With INF's liquidity, exchanging 1 LST for another LST in Jupiter can now provide better transaction rates.
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On May 19th, cryptocurrency researcher @tradetheflow_ posted on their social media platform that in the past six months, the average FDV (Fully Diluted Valuation) of new projects listed on top CEX (such as Binance) reached 4.2 billion US dollars, with some projects' FDV even exceeding 11 billion US dollars, yet over 80% of these projects continued to decline after listing. The researcher further pointed out that top CEXs use the inability of retail investors to obtain high-quality early investment opportunities, and their listing is only to provide exit liquidity for insiders.
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Tigran Gambaryan, a detained executive of Binance, had his bail application denied by a Nigerian court due to concerns that he may jump bail. Binance and its executives are facing charges of money laundering and tax evasion in Nigeria. Gambaryan's lawyers requested an adjournment to review the amended charge before his arraignment on May 22. Binance's CEO has called for Gambaryan's release, stating that his detention sets a dangerous precedent.
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Ronin announced on the X platform that Ronin Wallet has completed an update, solving issues such as the inability to transfer over 1000 tokens.
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According to The Data Nerd's monitoring, a whale address withdrew 21,931 ETH worth approximately $65.28 million from Coinbase 11 hours ago.The average cost of holding ETH for the whale is $2,976, with a profit of only about $BTC #ETH🔥🔥🔥🔥🔥🔥

NYC-based prediction market, Polymarket, has secured $70 million in funding from investors including Founders Fund, 1confirmation, ParaFi, Vitalik Buterin, Dragonfly, and Kevin Hartz. The funds will be used to expand operations and development efforts. Polymarket, founded by Shayne Coplan, allows traders to predict the outcome of future events and react to breaking news in real-time, with market prices conveying the likelihood of important events. The platform has already seen a record $202 million worth of predictions made in 2024 across politics, current events, pop culture, and more.
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