Featured News:

1. The general rise of AI sector continued, WLD rose more than 18% in 24 hours;

2. Tiger Brokers launched virtual asset trading services;

3. Hong Kong's 6 Bitcoin and Ethereum spot ETFs traded a total of about HK$60.41 million today;

4. Puffer Finance mainnet will be launched on Wednesday this week;

5. Yesterday's single-day destruction of Ethereum hit a new low this year

Price Observation

The general rise of AI sector continued, WLD rose more than 18% in 24 hours

According to market data, the AI sector continued yesterday's general rise, including:

WLD 24-hour increase of 18.27%, temporarily reported at $6.008;

PHB 24-hour increase of 30.54%, temporarily reported at $2.2452;

NFP 24-hour increase of 18.17%, temporarily reported at $0.5126;

AI 24-hour increase of 16.36%, temporarily reported at $1.202;

NMR 24-hour increase of 12.08%, temporarily reported at $27.92;

ARKM 24-hour increase of 13.32%, temporarily reported at $2.6137;

FRONT briefly broke through $1.2, and rose more than $200 in 24 hours. 43%

According to OKX market data, FRONT briefly broke through $1.2 and is now quoted at $1.17, up more than 43% in 24 hours.

WLD broke through $6.3, up more than 20% in 24 hours

According to OKX market data, WLD broke through $6.3 and is now quoted at $6.307, up more than 20% in 24 hours.

DEAI rose more than 20% in 24 hours, temporarily reported at $0.6244

According to market data, Zero1 Token (DEAI) rebounded above $0.6, temporarily reported at $0.6244, with a 24-hour increase of 20.69%.

Zero1 (DEAI) is a decentralized artificial intelligence ecosystem focused on data governance. Created a comprehensive DeAI product suite that provides a secure, modular, and interconnected platform for DeAI tools and applications. Combined with the Zero1 build plan and proprietary Cypher Chain, it has established an elastic flywheel to power the upcoming DeAI revolution, providing a more affordable alternative to the PoW-based TAO subnet.

ENA rose more than 10% in 24 hours, temporarily reported at $0.88

According to market data, ENA rose to $0.884 and is now quoted at $0.88, with a 24-hour increase of 10.04%. Previously, Seraphim Czecker, head of Ethena's growth, said on the social platform that "big things will happen in the new week."

Ethereum breaks through $3,200

According to OKX market data, Ethereum breaks through $3,200 and is currently priced at $3,211, up 2.96% in 24 hours.

ARKM rose more than 15% in 24 hours and is currently priced at $2.68

According to market data, ARKM is currently quoted at $2.68, up more than 15% in 24 hours.

Bitcoin falls below $64,000

According to OKX market information, Bitcoin fell below $64,000 and is currently quoted at $63,946, up 0.44% in 24 hours.

Solana Ecosystem Meme Coin CCAT is launched today, now quoted at $0.00252

According to market data, Solana Ecosystem Meme Coin COOK CAT (CCAT) is now quoted at $0.00252.

The story behind CCAT is: an aspiring cat chef who likes to innovate dishes and solve difficult problems, bringing joy and prosperity to the digital kingdom, aims to create a unique community using Solana's ultra-fast transactions and scalability.

BlockBeats reminds users that Meme coins have no real use cases, and investment needs to be aware of risks.

Solana chain Meme coin DEVIN breaks through $0.01, 4 hours increase of 243%

According to market data, Solana chain Meme coin DEVIN breaks through $0.01, and is now quoted at $0.01087, a 4-hour increase of 243%.

It is reported that Cognition, an application AI laboratory focusing on reasoning, stated on the social platform that a hackathon team asked Devin to build and launch its own encrypted token on Solana, which has nothing to do with Cognition and is not recognized by Cognition.

Solana chain Meme coin HAMMY briefly broke through $0.06, up more than 20% in 24 hours

According to market data, the Meme coin HAMMY on the Solana chain briefly broke through $0.06 and is now quoted at $0.055, up more than 20% in 24 hours.

Transaction tracking

The whale who established a position in ETH three years ago deposited 7018 ETH to ether.fi in the past 3 hours

According to on-chain analyst @ai_9684xtpa, the whale who established a position in ETH three years ago deposited 7018 ETH to ether.fi in the past 3 hours, worth $22.07 million. The address opened a position of 10,586 ETH during the last bull market, buying from $1989 to $4436, with an average price of $3059; the remaining 7018 ETH currently have a floating profit of $600,000.

The suspected MakerDAO address deposited 750 MKR to CEX, and a total of 11,993 MKR has been deposited

According to Spot On Chain monitoring, 2 hours ago, the multi-signature wallet 0xbba (suspected to be MakerDAO) deposited another 750 MKR (about $2.19 million) to Binance, with an average price of $2,920.

Since March 18, 2024, the wallet has deposited 11,993 MKR (about $31.2 million) to CEX at an average price of $3,184, usually before the price drops.

Currently the address still holds: 18,978 MKR (about $55.2 million).

A whale increased his holdings of $1.26 million worth of PEPE, with a cumulative trading profit of $915,000

According to Lookonchain monitoring, 2 hours ago, a whale address spent 1.26 million USDC to buy 142.96 billion PEPE at a price of $0.000008831.

This address has traded PEPE 7 times in the past 6 months, 6 of which were profitable, with a total profit of $915,000.

A whale deposited 7,000 ETH into Binance, and the sale will make a profit of $8.91 million

According to @EmberCN monitoring, 15 minutes ago, a whale address deposited 7,000 ETH (about $21.97 million) into Binance. This whale withdrew 12,905 ETH from Binance at an average price of $1,865 on April 27, 2023 and deposited it into Lido.

Until a few days ago, 7,000 ETH was redeemed from Lido and transferred to Binance just now. If sold, these 7,000 ETH will bring a profit of $8.91 million.

A whale withdrew 6.263 million ENA from CEX, equivalent to approximately US$5.34 million

According to @EmberCN monitoring, a whale address withdrew 6.263 million ENA (approximately US$5.34 million) from Binance in the past 25 minutes, with an average price of US$0.85.

In the past 7 days, Symbolic Capital deposited 21,519 ETH to CEX, equivalent to 66.79 million US dollars

According to @ai_9684xtpa monitoring, Symbolic Capital Partners, a venture capital firm founded by the founder of Polygon, seems to have been selling ETH recently.

The institution has deposited 4,205 ETH worth $13.18 million to Binance in the past 18 hours, and has transferred a total of 21,519 ETH in the past seven days, with a total value of $66.79 million.

A dormant Bitcoin address that has been dormant for more than 10 years has been activated, holding 687 Bitcoins

According to Whale Alert, a dormant address containing 687 Bitcoins has just been activated after more than 10 years of dormancy. These Bitcoins are currently worth about $43.89 million.

GAL, SAND, and YGG are at the top of Smart Money's 24-hour inflow list

According to Nansen data, Smart Money's 24-hour Ethereum network capital inflow tracking list is as follows:

GAL: US$5.72 million inflow, current price US$3.75, 24-hour increase of 2.9%;

SAND: US$2.26 million inflow, current price US$0.46, 24-hour increase of 2.89%;

YGG: US$1.41 million inflow, current price US$0.868, 24-hour increase of 7.55%.

Paidun: Alameda/FTX label address transferred about 2,000 ETH and 860 XAUT to Wintermute

According to Paidun monitoring, the Alameda/FTX label address transferred about 2,000 ETH (worth about 6.3 million US dollars) and 860 XAUT (worth about 2 million US dollars) to Wintermute.

Huang Licheng's address spent 962 ETH to buy 1.39 million FRIEN

According to Lookonchain monitoring, Huang Licheng's address spent 962 ETH (US$3 million) to purchase 1.39 million FRIEND at an average price of US$2.16. And increased the liquidity of 1,005 ETH (US$3.13 million) and 1.44 million FRIEND (US$3.45 million).

An address sold 224 WBTC through Cowswap in the past 3 hours, equivalent to about 14.4 million US dollars

According to @ai_9684xtpa monitoring, address 0x486 sold 224 WBTC through Cowswap in the past three hours, worth 14.4 million US dollars, and made a profit of 830,000 US dollars (average selling price of 64,203 US dollars).

The address bought 371 WBTC at an average price of 60,504 US dollars between November 2023 and April 2024, and currently has 280 tokens left.

A certain address transferred 6.26 million ENA from Binance in 6 hours, and the current floating profit is nearly 10%

According to @ai_9684xtpa monitoring, a certain address 0x5aB transferred 6.26 million ENA from Binance at an average price of US$0.84 six hours ago (just at the starting point of a short-term rebound), worth US$5.66 million; an hour ago he pledged all ENA into Ethena, with a floating profit of nearly 10% in a short period of time.

Arthur Hayes spent 500,000 USDC to buy PENDLE through Wintermute 5 hours ago, and currently holds 1.555 million PENDLE

According to on-chain analyst Ember, 5 hours ago, BitMEX founder Arthur Hayes bought 500,000 USDC of PENDLE through Wintermute, and currently holds 1.555 million PENDLE (US$8.08 million).

· Arthur Hayes transferred 500,000 USDC to the Wintermute address two days ago, and then received 98,500 PENDLE from the Wintermute address 5 hours ago, with the purchase price of $5.07.

· Arthur Hayes holds a total of 1.555 million PENDLE, with an average cost of about $2.02, and currently has a floating profit of $4.89 million (+155%).

Two whales withdrew 9.82 million ENA from Binance and Gateio today, equivalent to approximately US$9.08 million

According to Lookonchain monitoring, the two whales withdrew 9.82 million ENA (US$9.08 million) from Binance and Gateio, and then deposited them into Pendle and Ethena.

DWF Labs deposited 10 million VELO (about 205,000 US dollars) to Bybit 10 minutes ago

According to Spot On Chain monitoring, DWF Labs deposited 10 million VELO (205,000 US dollars) to Bybit at an average price of 0.021 US dollars 10 minutes ago.

DWF Labs received 75 million VELO (then $225,000) from the project at an average price of $0.003 on July 14, 2023, and deposited 45 million VELO ($800,000) to Bybit at an average price of about $0.0178 (+593%). Currently holds 30 million VELO ($611,000).

Project Dynamics

ZeroLend will open airdrop claims on Linea at 15:30 today

ZeroLend, a decentralized lending protocol, announced that it will open ZERO airdrop claims on Linea at 15:30 and ZERO trading at 16:00. Users' accumulated Zero Gravity points and earlyZERO (1earlyZERO=1ZERO) will be automatically converted to ZERO and displayed on the rewards page. In terms of airdrop distribution, ZeroLend will allocate 18% of the token supply to the community, of which 5% of the supply will be allocated to Zero Gravity participants and 13% will be allocated to earlyZERO holders. ZeroLend said that it will take a snapshot when the TGE is approaching. ZERO stakers can obtain voting rights, staking rewards, and potential future airdrops from other protocols. If the staking time exceeds 1 year, a 5%-20% staking bonus can be obtained.

Puffer Finance mainnet will be launched this Wednesday

According to official news, the Ethereum re-staking protocol Puffer Finance mainnet will be launched this Wednesday. The 5x Puffer points event is about to end.

LayerZero CEO: "Witch Self-Reporting" is not for individual users, but for large witches

LayerZero CEO Bryan Pellegrino said on the social platform that "Witch Self-Reporting" is not for people, but for large industrial witch farms. The focus of the report is on large-scale witches rather than individual users.

Previously, on May 4, LayerZero officials said that they would give all Sybil users a chance to self-report within the next 14 days, and in return, they would receive 15% of the expected allocation. If the Sybil user does not self-report before the end of the 14-day period (UTC time May 17 at 23:59:59), LayerZero will enter the following two phases:

Phase 1: A list of all identified Sybil users of LayerZero will be released - those who are identified but do not self-report will receive 0 allocation.

Phase 2: LayerZero will launch a bounty campaign where users can submit detailed reports on witch activities. Successful reports will result in 0 allocations for witch users, while witch hunters will receive 10% of the expected allocations for witch addresses.

Ripple CTO: Details of Ripple Stablecoin to be Announced in June

Ripple CTO David Schwartz revealed the company's upcoming integration at the recent XRP Las Vegas Conference. He introduced information about the XRP Ledger, including AMM, lending protocols, Ripple stablecoins, and artificial intelligence. Schwartz pointed out that details of the Ripple stablecoin will be announced at the XRPL Apex event in Amsterdam next month.

Ripple is reportedly set to issue a dollar-backed stablecoin. The company said the token is scheduled to be issued "later this year" and will be "100% backed by U.S. dollar deposits, short-term U.S. government bonds and other cash equivalents." The stablecoin will first be deployed on Ripple's institution-centric XRP Ledger and Ethereum blockchains, and will be based on Ethereum's ERC-20 token standard.

PancakeSwap: 8,924,466 CAKEs have been destroyed, worth $25 million

PancakeSwap officials posted on social media that they had just destroyed 8,924,466 CAKEs worth $25 million.

UXLINK airdrop certificate NFT is launched, expected to cover more than 500,000 high-quality users

According to official news, Web3 social infrastructure project UXLINK issued the "IN UXLINK WE TRUST" series of NFTs as airdrop certificates. According to the user's community contribution, on-chain interaction and asset status, it is divided into four levels: "MOON", "TRUST", "FRENS", and "LINK", corresponding to different rights and interests and the number of UXLINK token airdrops.

NFT holders have rich rights and interests, including: 1. 100% of the first quarter airdrop of UXLINK native tokens 2. Priority to participate in the second and third quarter airdrops of UXLINK 3. Joint airdrops of UXLINK ecological projects 4. Voting rights in community governance.

Currently, UXLINK has more than 5 million registered users, about 800,000 DAPP daily active users, and about 180,000 daily active users on the chain. This NFT issuance is expected to cover about 10% of the best users, more than 500,000.

CeFi News

Binance Contracts will remove STPTUSDT, SNTUSDT and other trading pairs

Binance Contracts will close all positions and automatically settle USDⓈ-M STPTUSDT, SNTUSDT, MBLUSDT USDⓈ-M perpetual contracts and RADUSDT, CVXUSDT USDⓈ-M perpetual contracts at 09:00 (UTC) on May 13, 2024, and will take effect at 09:00 (UTC) on May 14, 2024. After the settlement is completed, the contract will be delisted.

In addition, Binance Futures will adjust the leverage and margin levels of USDⓈ-M STPTUSDT, SNTUSDT, MBLUSDT, RADUSDT, and CVXUSDT perpetual contracts at 10:30 (UTC) on May 6, 2024. Existing positions opened before the update will be affected. It is strongly recommended to adjust positions and leverage before the adjustment to avoid potential liquidation.

Gate will launch Qubic (QUBIC) on May 9, and Qubic will launch marketing activities at Gate Startup

According to official news, Gate will launch the PoW AI platform Qubic token QUBIC at 17:00 Beijing time on May 9, and token recharge will be opened at 17:00 Beijing time on May 8.

In addition, Qubic launched a marketing campaign on the Gate Startup platform, where users can lock USDT to obtain Qubic tokens. The event time is from 13:00 on May 7, 2024 to 13:00 on May 9, 2024, Beijing time.

Funding Express

The total amount of financing in the crypto market in April reached US$1.02 billion, involving 161 financings

According to Cointelegraph, the total amount of financing in the crypto market in April reached US$1.02 billion, involving 161 financings, a slight decrease from the total investment of US$1.09 billion in 186 times in March.

But cryptocurrency venture capital exceeded $1 billion for the second consecutive month this year, the first time in the industry since the end of 2022.

The most notable financings include a $47 million investment led by BlackRock in asset tokenization company Securitize, and a huge $225 million investment in "Solana killer" Layer1 blockchain Monad, backed by Paradigm and Coinbase Ventures.

In addition, the teams of blockchain infrastructure startup Auradine and Cosmos-based Layer1 blockchain Berachain also received $80 million and $100 million in funding, respectively.

Taproot Assets infrastructure project BitTap completes pre-seed round of financing, led by Waterdrip Capital

According to official news, Taproot Assets infrastructure construction project BitTap has completed pre-seed round of financing, led by Waterdrip Capital. The funds raised will be used to develop a decentralized trading platform and non-custodial wallet based on the Taproot Assets protocol.

As the first decentralized wallet in the field of Taproot Assets protocol, the Alpha version of BitTap plugin wallet is expected to be launched in May. The team is committed to building the Taproot Assets ecosystem, promoting compatibility with Bitcoin's Lightning Network and Bitcoin main network, and has received official support from Lightning Labs. Currently, BitTap has started seed round financing, aiming to achieve one-click issuance and management of Bitcoin native assets based on the Taproot Assets protocol.

Viewpoint Data

Bernstein Report: Reiterate that Bitcoin will rise to $150,000 by the end of 2025, and it is still in the early stages

According to The Block, investment research firm Bernstein said in a research report that it reiterated that Bitcoin will rise to $150,000 by the end of 2025.

Gautam Chhugani and Mahika Sapra wrote in a report: "Indicators show that this is a healthy cycle, but it is still in its early stages. The current risk-reward remains attractive."

Analysts believe that the recent pullback to a local low of about $57,000 has effectively "cleaned up excessive leverage in futures contracts on cryptocurrency exchanges." Grayscale's converted GBTC ETF also recorded $63 million in net inflows on Friday after 78 consecutive days of outflows. This is significant considering that GBTC has been the source of a large and sustained sell-off that the other nine ETFs have to absorb.

Hong Kong's 6 Bitcoin and Ethereum spot ETFs traded a total of about HK$60.41 million today

The first batch of 6 Bitcoin and Ethereum spot ETFs launched in Hong Kong today traded a total of about HK$60.41 million, including:

Huaxia Bitcoin ETF (3042.HK) reached HK$25.14 million;

Huaxia Ethereum ETF (3046.HK) reached HK$3.78 million;

Harvest Bitcoin Spot ETF (3439.HK) reached HK$13.33 million;

Harvest Ethereum Spot ETF (3179.HK) reached HK$3.13 million;

Bosera HashKey Bitcoin ETF (3008.HK) had a transaction amount of approximately HK$12.47 million;

Bosera HashKey Ethereum ETF (3009.HK) reached HK$2.56 million.

In the past 24 hours, the transaction volume of DEX on the Solana chain exceeded Ethereum, reaching 1.097 billion US dollars

According to DeFiLlama data, in the past 24 hours, the transaction volume of DEX on the Solana chain exceeded 1.097 billion US dollars, surpassing the transaction volume of 998 million US dollars of DEX on the Ethereum chain.

Yesterday's Ethereum daily destruction hit a new low this year

According to The Block, on Sunday, Ethereum's daily destruction was only 610 ETH, a new low this year. The decline in network fees has led to a decrease in the number of ETH destroyed. The current gas fee is between 5 and 10 gwei, one of the lowest levels this year.

In the first four months of this year, Ethereum's daily destruction remained above 2,500 to 3,000 ETH.

Scam Sniffer: 34,000 addresses lost a total of $38 million due to phishing in April

According to Scam Sniffer monitoring, the losses caused by phishing attacks decreased significantly in April, with 34,000 victims losing $38 million, a 46% decrease compared to the previous month.

Regulatory News

The U.S. Department of Justice indicts and arrests Cartier jewelry heir, accusing him of using USDT for money laundering and drug trafficking

According to foreign media Protos, the U.S. Department of Justice (DoJ) has indicted and arrested Maximilien de Hoop Cartier, a direct descendant of Louis Cartier, the founder of Cartier luxury watch, necklace and bracelet manufacturer, for allegedly engaging in illegal transactions with Colombian drug cartels.

In addition to five Colombian nationals, Cartier also attempted to import 100 kilograms of cocaine and launder hundreds of millions of dollars, mainly using USDT through over-the-counter transactions (OTC). They had actually successfully laundered $14.5 million before their arrest. Currently, Cartier is being held in a Miami detention center, while his co-conspirators are being held in a Colombian prison.

To implement his plan, Cartier took control of shell companies and lied to financial institutions that they were engaged in software and technology businesses. According to the indictment, he then used the accounts of these companies as an unauthorized money transfer intermediary. Cartier used USDT, US dollars, pesos and other currencies to launder money and made hundreds of millions of dollars.

Russian Financial Chairman: Does not support a complete ban on the circulation of cryptocurrencies in Russia

According to Cryptopotato, Anton Gorelkin, chairman of the Russian State Duma Financial Market Committee, proposed that the bill restricting cryptocurrency business exempts cryptocurrency miners and certain pilot projects supported by the central bank. Anton Gorelkin said he does not support a complete ban on the circulation of cryptocurrencies in Russia.

He explained that the restriction is not intended to ban the use of all cryptocurrencies, but to regulate the establishment of cryptocurrency exchange platforms within the legal framework of Russia. Anton Gorelkin also believes that the establishment of legal crypto infrastructure in Russia is affected by geopolitical realities. This requires taking into account factors related to international relations.

Tiger Securities Launches Virtual Asset Trading Service

Tiger Brokers (Hong Kong) announced that it has officially launched virtual asset trading services, becoming one of the first technology brokers in Hong Kong to support the trading and management of traditional securities and virtual assets on one platform.

Currently, professional investors in Hong Kong can trade 18 virtual assets including Bitcoin (BTC) and Ethereum (ETH), as well as various global assets such as stocks, options, futures, US Treasury bonds, funds, etc. at an affordable cost through Tiger Trade, the flagship investment platform of Tiger Brokers, without having to open and manage different accounts at different brokers and platforms.

Tiger Brokers will offer competitive trading rates. The commission for virtual asset trading is as low as 0.2% of the transaction amount, and the custody fee is waived. Unlike stock trading, virtual assets are settled instantly and can be traded 24 hours a day, 7 days a week.

Through Tiger Trade's easy-to-use interface platform, all registered users in Hong Kong can also view real-time quotes and rankings of virtual assets, and keep up with the market conditions of virtual assets anytime, anywhere. In addition, HKD and USD can also be exchanged instantly on T+0 in the Tiger Trade App.

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