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Believe Platform Sees Significant Revenue Surge
According to BlockBeats, data from Believescreener indicates that the Believe platform generated an estimated revenue of $7.52 million over the past 24 hours. Of this total, creators on the platform earned approximately $3.76 million.
Tesla Board Forms Special Committee to Investigate Musk's Compensation
According to BlockBeats, the Tesla board has established a special committee to examine CEO Elon Musk's compensation package. This decision follows a report by the Financial Times, highlighting concerns over the structure and scale of Musk's remuneration. The committee aims to ensure that the compensation aligns with shareholder interests and company performance. Further details on the investigation process and timeline have not been disclosed.
Bitcoin Magazine CEO Questions Bitcoin Strategy Amid Merger
According to Odaily, Bitcoin Magazine CEO David Bailey recently questioned the strategy of holding Bitcoin on the company's balance sheet if its price falls below its value. He suggested selling Bitcoin to repurchase stock or trading one Bitcoin for 1.1 Bitcoins. This comes after Bailey and his holding company, Nakamoto, announced raising $710 million and merging with healthcare data company KindlyMD to establish a Bitcoin treasury.
Upbit's Trading Volume Sees Significant Decline
According to BlockBeats, CoinGecko data reveals that Upbit's trading volume reached $2.845 billion in the past 24 hours, marking a 37.7% decrease. The XRP/KRW trading pair accounted for 16.85% of the total volume, making it the most traded pair in the Korean won market. Other top trading pairs included ETH, KAITO, DOGE, and BTC.
Whale Converts WBTC to ETH Amid Market Activity
According to Foresight News, on-chain analyst Yu Jin has reported that a major investor known as 'silentraven' has recently converted 100 Wrapped Bitcoin (WBTC) into 3,855.2 Ether (ETH). This transaction occurred an hour ago and follows a pattern over the past three days where 'silentraven' exchanged a total of 200 WBTC for 7,913.9 ETH. The conversion rate for these transactions was 0.0252.
Current Cryptocurrency Funding Rates Indicate Neutral Market Sentiment
According to BlockBeats, data from Coinglass reveals that the current funding rates on major centralized and decentralized exchanges (CEX and DEX) indicate a neutral market sentiment, with no significant bullish trend observed. The funding rates for major cryptocurrencies are detailed in the accompanying data.
Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts.
Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts.
Market Sentiment Index Reaches Greed Level
According to Foresight News, data from CoinMarketCap indicates that the Fear and Greed Index has risen to 74, signaling that the market is currently in a state of 'greed.'
Semler Scientific Reports Q1 Bitcoin Holdings and Earnings
According to Odaily, Nasdaq-listed Semler Scientific has released its financial results for the first quarter ending March 31, 2025. The report highlights the company's Bitcoin holdings and earnings as of May 12, 2025. Semler Scientific holds 3,808 Bitcoins, with a fair value of $387.9 million and a total purchase amount of $340 million. The Bitcoin yield for the first quarter reached 21.9%, with a year-to-date yield of 22.2%. The company reported Bitcoin earnings of $41.6 million for the first
Monochrome Bitcoin ETF Holdings Reach 420 BTC
According to Odaily, the Australian Monochrome spot Bitcoin ETF (IBTC) reported holdings of 420 BTC as of May 13. The market value of these holdings is approximately $67.389 million.
Shiv Shankar Appointed CEO of Boundless ZK Protocol
According to Foresight News, Shiv Shankar, the Chief Information Officer of zero-knowledge proof software developer RISC Zero, has announced his new role as the Chief Executive Officer of the general ZK protocol, Boundless.
Bitgo Secures MiCA License to Expand Regulated Digital Asset Services Across EU
According to PANews, Bitgo has announced that it has obtained the Markets in Crypto-Assets (MiCA) license from Germany's Federal Financial Supervisory Authority (BaFin). This development enables the company to offer regulated digital asset services throughout the European Union. Bitgo Europe GmbH has completed registration in several EU member states, including Italy, Spain, Poland, and Greece. With the MiCA license, Bitgo can operate under a unified regulatory framework across the EU, enhancing
Goldman Sachs Predicts Downward Trend for USD/Asian Currencies Amid Trade Talks
According to BlockBeats, Goldman Sachs has indicated that despite recent progress in trade negotiations, the USD/Asian currency pairs are likely to continue their downward trend. The recent developments in trade talks between the United States and China have not altered the primary market themes. These include the ongoing diversification away from U.S. assets and the tendency of Asian exporters to convert dollars into local currencies. Additionally, if Asian countries engage in trade negotiation
Solana's DeFi Ecosystem Shifts Towards Private Execution DEXs
According to PANews, Pine Analytics has released a report highlighting a significant shift in Solana's DeFi ecosystem from public, passive liquidity pools to private execution decentralized exchanges (DEXs). New DEXs such as SolFi, Obric v2, and ZeroFi, despite lacking front-end interfaces, are handling 40-65% of on-chain transaction volume through the Jupiter aggregator.
These DEXs employ four core design principles: executing trades exclusively through the Jupiter aggregator, utilizing real-t
These DEXs employ four core design principles: executing trades exclusively through the Jupiter aggregator, utilizing real-t
Federal Reserve Committee Raises Concerns Over Stablecoins' Impact on Banking
According to PANews, recent meeting records from April 10 reveal that the Federal Reserve's Community Depository Institutions Advisory Council (CDIAC) has expressed concerns regarding stablecoins issued by non-bank entities. The committee believes these stablecoins could accelerate the outflow of bank deposits and weaken community banks' ability to provide loans to small businesses and households.
The committee compared stablecoins to the impact of money market funds on the banking industry in
The committee compared stablecoins to the impact of money market funds on the banking industry in
Whale Withdraws Significant SOL for Staking
According to PANews, Onchain Lens has reported that a large cryptocurrency holder, often referred to as a 'whale,' has withdrawn 72,500 SOL, valued at $12.62 million, from the FalconX platform for staking purposes. Over the past four days, this whale has withdrawn a total of 167,500 SOL, amounting to $28.37 million, to be used for staking.
Polymarket Predicts 49% Chance for Thunder to Win NBA Finals
According to Foresight News, data from the Polymarket website indicates that the Oklahoma City Thunder have a 49% probability of winning the NBA Finals. The current market trading volume has exceeded $1.678 billion.
BNB Drops Below 660 USDT with a Narrowed 1.66% Increase in 24 Hours
On May 14, 2025, 02:07 AM(UTC). According to Binance Market Data, BNB has dropped below 660 USDT and is now trading at 659.950012 USDT, with a narrowed narrowed 1.66% increase in 24 hours.
Abraxas Capital Increases Ethereum Holdings with USDT Loan
According to BlockBeats, Abraxas Capital has significantly increased its Ethereum holdings by borrowing USDT. Over the past week, the firm has acquired a total of 242,652 ETH, valued at approximately $561 million. This strategic move highlights Abraxas Capital's growing interest in Ethereum as part of its investment portfolio.
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