According to Arkham data, Grayscale transferred 700 BTC worth about $43.58 million to Coinbase Prime about 8 minutes ago.
#SEC上诉

According to DL News, Bloomberg ETF analyst Eric Balchunas pointed out that due to lack of meaningful interaction with potential issuers and the uncertainty of Ethereum's regulatory status, the US Securities and Exchange Commission (SEC) may reject the application for Ethereum spot ETF on May 23. Balchunas further predicted that it may take until the end of 2025 for Ethereum spot ETF to be realized. In addition, he also mentioned the potential impact of the 2024 US presidential election, pointing out that if former President Trump wins a second term, the SEC may undergo leadership changes, and the new president may adopt a more crypto-friendly policy than current SEC chairman Gary Gensler.
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Lookonchain monitoring data on May 6th shows that Grayscale GBTC increased holdings of 979 bitcoins, worth about $62.14 million, with a total of 292,218 BTC held, worth about $18.55 billion. Fidelity increased holdings of 1574 bitcoins, worth about $99.92 million, with a total of 152,815 BTC held, worth about $9.7 billion. Nine bitcoin ETFs increased their holdings by a total of 4412 bitcoins, worth about $280 million.
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According to Coinglass data, the current balance of Bitcoin wallet on Binance is 541,275.47 coins, ranking first in CEX; there were 1293.13 coins inflow in the past 24 hours, 327.61 coins inflow in the past 7 days, and 4266.43 coins outflow in the past 30 days. In addition, the balance of Bitcoin wallet on CoinbasePro is 282,595.55 coins, with 321.92 coins outflow in the past 24 hours, 1223.42 coins inflow in the past 7 days, and 28524.47 coins outflow in the past 30 days. The balance of Bitcoin wallet on Kraken is 76,732.73 coins, with 1471.24 coins outflow in the past 24 hours, 996.70 coins outflow in the past 7 days, and 1462.80 coins outflow in the past 30 days.
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Alexandre Dreyfus, CEO of the sports and entertainment public chain Chiliz Chain, announced on his social media platform that the Dragon8 hard fork of ChilizChain will be officially launched on May 21, introducing Token Economics 2.0. It is reported that the new economics will set the first-year inflation rate of CHZ at 8.8%, decreasing year by year. In addition, the protocol will introduce a mechanism similar to EIP-1559, and some CHZ tokens used as gas will be directly destroyed.
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#ETHETFS #SEC上诉 #ETH_Market_Update
Joe Lubin, co-founder of Ethereum and CEO of Consensys, made a statement about ETFs in an interview.
After months of anticipation, the Securities and Exchange Commission (SEC) appears ready to approve spot Ethereum exchange-traded funds (ETFs), setting the stage for a significant increase in demand for Ethereum (ETH) that could lead to a supply shortage.

Ethereum Co-Founder Predicts Supply Squeeze With Potential Approval of Ethereum ETFs
Joe Lubin, co-founder of Ethereum and CEO of Consensys, made a statement about ETFs in an interview.

Lubin explained that institutions investing in Bitcoin through recently launched ETFs are likely to diversify their holdings with Ethereum once spot Ethereum ETFs receive approval.

“There will be a fair amount of natural, pent-up pressure to buy Ethereum through ETFs,” he said. However, this demand may face a more limited supply compared to the Bitcoin ETFs approved earlier this year.

In January, when spot Bitcoin ETFs were approved, authorized participants — the firms responsible for purchasing Bitcoin on behalf of the ETFs — were able to easily purchase idle coins available on exchanges or through over-the-counter transactions.

However, the situation with Ethereum is different. On-chain data shows that more than 27% of the total Ethereum supply is currently staked on the Ethereum network, generating returns for holders and therefore kept out of direct circulation.

Related News The Big Day for the Cryptocurrency Market is Just 4 Days Away: Two Analysts Explain Their Views
“The bulk of Ethereum is used in the core protocol, DeFi systems, or DAOs,” Lubin said, referring to decentralized autonomous organizations.

This locked supply, combined with Ethereum's market dynamics, could make Ethereum's price more sensitive to expected inflows from ETFs.

Moreover, increased activity on the Ethereum network will trigger the burning of some of the existing Ethereum supply over time, further tightening the current supply. The deflation mechanism introduced by Ethereum's EIP-1559 upgrade contributes to scarcity by systematically reducing the supply of Ethereum in circulation.

The scenario for Ethereum ETFs could parallel or even exceed the supply pressures faced by Bitcoin ETFs.

Lubin emphasized the broader significance of this development, calling it a “profound turning point” for Ethereum and the cryptocurrency industry as a whole.

*This is not an investment recommendation.
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According to Lookonchain monitoring, waxl.eth invested $6,500 by trading TRUMP tokens, earning $5.6 million and obtaining a return of 870 times. In addition, the trader also earned a profit of $1.23 million by trading basedAI tokens.
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Cryptocurrency exchange Bybit announced a new partnership with Ethena Labs. Bybit will integrate Ethena Labs' synthetic US dollar, USDe, as a collateral asset in its Unified Trading Account (UTA). Users can use USDe to trade perpetual contracts for all assets and potentially earn profits while "unlocking higher capital efficiency." This integration will also increase the trading pairs of USDe with Bitcoin and Ethereum. USDe will also be available on Bybit's Earn platform, allowing users to participate in Launchpool mining using synthetic dollars.
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On May 12th, according to official data, the total amount of ETH collateral on the Lido liquidity collateral platform is 9,365,480 ETH, equivalent to approximately $27,425,404,621. In addition, as of now, Lido has paid out 516,716 ETH in collateral rewards, equivalent to approximately $BTC #SEC上诉

The first batch of six virtual asset spot ETFs launched by CSOP Asset Management, Huatai Fund (Hong Kong), and Bosera International were officially listed and traded on the Hong Kong Stock Exchange. Panda Securities has reached a cooperation agreement with CSOP Asset Management, Huatai Fund (Hong Kong), and Bosera International to participate as a broker and open up product subscription channels for investors. Panda Securities is working closely with North Ray Finance to assist with physical purchases.
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According to DexScreener data, the trading price of friend.tech tokens has fallen below $3 and is currently at $2.31. The current circulating supply is approximately 14.5 million. According to DeFiLlama data, the friend.tech ecosystem's TVL has dropped to the $30 million range, with a 13.6% decline over the past 7 days. Friend.tech was launched on the Ethereum Layer 2 network Base in August of last year. The ecosystem's TVL had once surpassed $50 million and is currently the 9th largest protocol on the Base chain.
#SEC上诉

A derivative Layer 2 protocol, announced that they are trying out a new incentive plan. Starting from this week (Epoch 6), they will adjust the incentive mode to provide growth opportunities for Aevo pre-issuance traders, holders, and traders of new projects, while reducing continuous trading incentives. Continuous trading rewards will be reduced from 1.1 million AEVO per week to 400,000 AEVO per week. The remaining $AEVO emissions will be allocated to the new incentive model. In addition, the trading incentives for each period will be targeted at specific products or markets.
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CertiK stated on social media that the system detected fund transfers from a fraudulent wallet, which can be traced back to a phishing incident on May 3rd where an address lost 1155 WBTC due to malicious address transactions. Starting from 8 hours ago, the scammer continuously split and dispersed the exchanged ETH from the initial address. Previously, the address that stole 1155 WBTC had exchanged the coins for 22960 ETH.
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According to PeckShield monitoring, the address marked as Kronos Research hacker 4 has transferred 800 ETH (worth about $2.4 million) to Tornado cash.
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