Featured News:

1. Bitcoin rose above $64,000;

2. Data: USDe issuance has exceeded 2.29 billion;

3. Data: The number of Clubs on friend.tech platform has exceeded 100,000, and the total transaction volume has exceeded 16.46 million FRIEND;

4. AI sector tokens generally rose, ARKM rose more than 16% in 24 hours;

5. Data: Bitcoin NFT transaction volume exceeded US$55 million in the past 7 days

Price Observation

Blob floor price broke through 0.075 BTC, setting a record high

May On May 5, according to Magic Eden data, the Blob floor price rose to 0.07555 BTC (about $4,807), a record high.

Bitcoin rose above $64,000

On May 5, according to OKX market data, Bitcoin rose above $64,000 and is now quoted at $64,056, a 24-hour increase of 0.46%.

AI sector tokens generally rose, ARKM rose more than 16% in 24 hours

On May 5, according to market data, AI sector tokens saw a general rise, including:

ARKM 24-hour increase of 16.28%, currently quoted at $2.587;

WLD 24-hour increase of 13.33%, currently quoted at $5.8;

RNDR 24-hour increase of 10.91%, currently quoted at $9.66;

AGIX 24-hour increase of 9.14%, currently quoted at $0.973;

FET rose 8.48% in 24 hours and is now quoted at $2.34.

AR rose to $40, with a 24-hour increase of 15.82%

On May 5, according to OKX market data, AR rose to $40 and is now quoted at $39.84, a 24-hour increase of 15.82%.

Small-cap tokens in the AI sector generally rose, with ENQAI rising by more than 56% in a single day

On May 6, according to market information, small-cap tokens in the AI sector generally rose, including:

ENQAI is currently quoted at US$0.03254, with a 24-hour increase of more than 56%;

ALEPH is currently quoted at US$0.3993, with a 24-hour increase of 36.8%;

LAI is currently quoted at US$0.04375, with a 24-hour increase of 31.4%;

COMAI is currently quoted at US$1.33, with a 24-hour increase of 24.7%.

CEL breaks through $0.55, with a 24-hour increase of more than 75%

On May 6, according to OKX market information, CEL broke through $0.55 and is now quoted at $0.5651, with a 24-hour increase of more than 75%. BlockBeats previously reported that on May 2, Celsius Network announced the destruction of its 652.2 million CELs. The destruction accounts for 94% of the total supply, which is worth about $83.2 million at the current market price.

Transaction Tracking

FRIEND's top 5 buyers have accumulated a floating profit of $2.89 million

On May 5, according to Lookonchain monitoring, the top 5 buyers of friend.tech token FRIEND have accumulated a floating profit of $2.89 million.

A whale withdrew 7,917 ETH from Binance and deposited it into Compound, and lent out a total of 17 million USDT

On May 5, according to @ai_9684xtpa monitoring, the whale that made a profit of $400,000 by leveraging long ETH in April 2024 went long on Ethereum again. The whale's long funds have grown to 7,917 ETH, worth about $24.82 million. At present, it has lent out 17 million USDT in Compound, and just recharged 2.5 million USDT to Binance three hours ago.

A whale who is long on ETH with leverage transferred out 796 ETH from Binance again 10 hours ago

On May 6, according to @ai_9684xtpa's monitoring, 10 hours ago, a whale who is long on ETH with leverage transferred out 796 ETH from Binance again, worth $2.52 million. Currently, the whale's long funds have grown to 8,714 ETH, with an average long price of $3,149; more than 18.6 million USDT have been lent out, and 1.6 million USDT will still be bought into ETH (deposited into Binance).

Project Dynamics

Mode Season 2 will last until September 6, and 500 million MODE tokens will be distributed

On May 6, the L2 network Mode built on OP Stack started Season 2 on May 5, which will last until September 6.

Season 2 airdrops have allocated 500 million MODE tokens (5% of the total supply), and will provide up to 1 million OP tokens through various incentive activities. In addition, Season 2 will introduce new assets such as Velodrome, Balancer and Ethena's USDe and sUSDe, and users can participate in MODE staking to obtain points bonus and ecological airdrops.

Base ecological project Degen has opened a club room on the friend.tech platform

On May 6, Base ecological project Degen stated on its social platform that it has opened a club room on the friend.tech platform. According to the relevant page information, the current price of the club is 470.89 FRIEND.

Uniswap launches candle chart function, which can track token price changes in real time

On May 5, according to official news, Uniswap announced that it has launched the candle chart (K-line chart) function. Users can click on the "Explore" tab to track real-time token price changes.

Jupiter community votes to approve the budgets requested by 3 experimental working groups

On May 5, according to official news, Solana Ecosystem DEX Jupiter announced that the voting for the 3 experimental working groups has ended, and the results are as follows:

DAO has approved the budgets requested by all 3 experimental working groups and provided funding for a 3-month trial period.

After the trial period, each working group will have the opportunity to submit a complete proposal of USDC + JUP to the DAO for a vote to decide whether to continue operating for a year or more. This trial is very important because it allows each working group to prove its value to the DAO and allows the DAO to observe their actions before deciding whether to approve a longer-term budget.

This week's unlocking data: Heroes of Mavia will unlock tokens worth more than 30 million US dollars

On May 6, according to Token Unlocks data, 5 projects will unlock tokens at one time this week, including:

Heroes of Mavia will unlock 7.66 million MAVIA at 8:00 on May 6, worth approximately US$31.48 million, accounting for 24.29% of the total circulation;

Hashflow will unlock 13.62 million HFT at 8:00 on May 7, worth approximately US$4.3 million, accounting for 3.46% of the total circulation;

Euler will unlock 13.62 million HFT at 8:00 on May 7, worth approximately US$4.3 million, accounting for 3.46% of the total circulation;

Euler will unlock 13.62 million HFT at 8:00 on May 9, worth approximately US$4.3 million, accounting for 3.46% of the total circulation. At 23:20, 67,940 EUL will be unlocked, with a value of approximately US$387,900, accounting for 0.36% of the total circulation; 1inch will unlock 15,000 1INCH at 8:00 on May 10, with a value of approximately US$5,820; Moonbeam will unlock 3.04 million GLMR at 8:00 on May 11, with a value of approximately US$923,300, accounting for 0.35% of the total circulation. In addition, Aptos will unlock 11.31 million APT at 2:00 on May 13 (next Monday), with a value of approximately US$103 million, accounting for 2.64% of the total circulation.

CeFi News

Former Los Angeles Mayor Hired as Coinbase Policy Advisor

On May 6, according to Blockworks, former Los Angeles Mayor Antonio Villaraigosa has been hired as a policy advisor to Coinbase. Villaraigosa will join the global advisory board of the cryptocurrency trading platform. Coinbase Chief Policy Officer Faryar Shirzad said Villaraigosa will advise Coinbase's leadership team to advance "global economic freedom."

Views and data

Bitcoin network transactions have exceeded 1 billion

On May 6, Clark Moody's data showed that the 1 billionth transaction on the Bitcoin network has been completed. The transaction was generated at block height 842,241 at 05:34:43 on May 6, Beijing time. It has been 15 years, 4 months and 4 days since the anonymous founder of Bitcoin, Satoshi Nakamoto, mined the first block on the network on January 3, 2009. This means that in the 5,603 days of Bitcoin's existence, an average of 178,475 transactions were carried out every day.

It should be noted that the above transaction count does not include transactions conducted on the Lightning Network.

Data: The number of Clubs on the friend.tech platform has exceeded 100,000, and the total transaction volume has exceeded 16.46 million FRIEND

On May 6, according to Dune data, two days after the release of friend.tech V2, the number of Clubs has reached 107,000, the total transaction volume has exceeded 16.46 million FRIEND, and the Club fee has reached 246,142 FRIEND.

Bitcoin network transaction fees have fallen, and high priority is temporarily reported at 240 Sat/byte

On May 5, according to mempool.space data, Bitcoin network transaction fees have fallen, and high priority is temporarily reported at 240 Sat/byte.

Data: Bitcoin NFT transactions exceeded US$55 million in the past 7 days

On May 5, according to CryptoSlam data, in the past 7 days, Bitcoin NFT transactions reached 55.22 million US dollars, Ethereum NFT transactions reached 48.82 million US dollars, and Solana NFT transactions reached 24.58 million US dollars.

Bloomberg: Crypto.com hopes to sponsor more sports events after the F1 Formula One in Miami

On May 5, according to Bloomberg, after pledging to become the title sponsor of the F1 Formula One Florida Station-Crypto.com Miami Grand Prix, Crypto.com aims to sponsor more sports events. The digital asset trading platform is using sports as a catalyst to reach non-cryptocurrency enthusiasts. "We will double down on executing our strategy," Steven Kalifowitz, chief marketing officer at Crypto.com, told Bloomberg. Kalifowitz said Crypto.com has seen a significant increase in visibility since focusing its marketing efforts on sports, adding that Crypto.com now has more than 100 million users.

The company recently postponed a planned retail expansion in South Korea and is in the midst of a hiring drive that expects to increase its total headcount by 1,400 after cutting a fifth of its staff to control costs following the market crash in early 2023.

Vitalik once again shared his 2020 article on fully homomorphic encryption (FHE)

On May 5, Ethereum co-founder Vitalik Buterin said on the social platform, "Since many people have been interested in fully homomorphic encryption (FHE) recently, I republished my article published in 2020, which provides an in-depth introduction to the relevant mathematical working principles."

Pantera Capital executives: The approval of the Bitcoin spot ETF means that the cryptocurrency has been "significantly verified"

On May 5, according to The Block, Pantera Capital general partner Franklin Bi said that the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States this year provided important validation for the crypto industry. The crypto venture capital firm is raising a new $1.25 billion fund.

Although Franklin Bi declined to comment specifically on Pantera Capital's new fund, he said in an interview with The Block that this is a timely opportunity for venture capital firms to generally raise new funds and position themselves to support emerging startups.

Franklin Bi said that the approval of the spot Bitcoin ETF "significantly validated" the crypto industry. He said the approval "really shows people that directionally, regulation is still moving in a positive direction for digital assets." "This validation really solidifies the confidence of many institutional investors that this is a long-term technology trend and development cycle that they should be exposed to."

Data: USDe issuance has exceeded 2.29 billion

On May 5, according to Etherscan data, the issuance of USDe, a stablecoin issued by Ethena Labs, has reached 2,292,060,769.

It is reported that USDe is an Ethereum-based stablecoin, secured by derivatives, which achieves price stability through "delta neutral" hedging in centralized and decentralized venues. To create USDe, Ethena allows users to use USD, ETH, or liquid pledge tokens as collateral.

Data: Farcaster protocol revenue exceeds $1.2 million

On May 5, according to Dune data, the total revenue of the decentralized social protocol Farcaster has exceeded $1.2 million, currently reaching $1,229,371.

Data: zkSync bridge storage total value exceeds 3.68 million ETH

On May 5, according to Dune data, the total value of zkSync bridge storage (TVB) exceeded 3.68 million ETH, and currently has reached 3,681,654 ETH.

Regulatory News

South Korea's Seoul Prosecutors' Office Recovers and Seizes Ethereum Worth About $5.6 Million in Fraud Case

On May 6, the Cyber Crime Investigation Division of the Seoul Dong-gu Prosecutors' Office in South Korea stated that it had recovered the deleted e-wallet of a defendant in a fraud case and seized Ethereum worth 7.6 billion won (about $5.6 million). According to prosecutors, programmer An was accused of stealing 14.6 billion won (about 14.6 million U.S. dollars) in investment funds from 156 victims between January and February 2019 by claiming that the tokens he developed would be listed on the trading platform.

In June of the same year, An was also accused of transferring 1,796 Ethereum to his personal crypto wallet, which was purchased by the gaming platform company he worked for to operate a cryptocurrency trading platform.

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