24/7 Blockchain industry dynamics and breaking crypto news
Ethereum's recent price drop has nearly erased a $10 million unrealized profit from a major long position on a decentralized exchange. The trader added 9,000 ETH near breakeven, bringing the total position to 108,000 ETH worth $245 million.
Read MoreBitcoin has surged past the $81,000 resistance level, hitting a high of $81,020.14. Despite the milestone, it recorded a 0.45% decline over 24 hours, indicating significant market volatility. Experts advise investors to exercise caution and implement robust risk management.
Read MoreAmbassador Xie Feng advocates for inclusive AI development, opposing its monopolization by a few nations or elites. He emphasizes healthy US-China competition with safety first, urging cooperation to prevent an "AI Iron Curtain" and foster shared human advancement.
Read MoreUnitree has launched the GD01, the world's first mass-produced transformable manned mecha for civilian use, weighing around 500kg. Elon Musk praised it as "cool" on social media, drawing significant attention to this leap in consumer robotics technology.
Read MoreNVIDIA CEO Jensen Huang's absence from Trump's China business delegation highlights escalating US-China AI competition. Analysts cite US export curbs and China's domestic chip development as key factors, shifting the visit's focus toward aviation and agriculture deals.
Read MoreA cryptocurrency wallet inactive for over a year has executed a major transaction, spending 5.81 million USDC to acquire 2,570 ETH at an average price of $2,261, sparking speculation about whale movements.
Read MoreOn-chain data reveals a major transfer of 200 million WLFI tokens, valued at approximately $13.45 million, from the project treasury to Binance. This substantial movement, linked to ongoing promotional activities, is drawing significant market attention regarding potential price impact and future platform initiatives.
Read MoreBitcoin's recent surge past $80,000 appears driven more by a short squeeze in perpetual futures than robust spot demand. With open interest soaring while spot volumes hit a two-year low, the rally's foundation looks fragile. Despite supportive long-term ETF inflows, near-term risks from CPI data and policy uncertainty warn of potential sharp reversals.
Read MoreBermuda's government is migrating key payment and financial services to the Stellar blockchain, marking a strategic shift to build an on-chain national economy. This move aims to reduce transaction costs and leverages its established crypto-friendly regulations and partnerships with major digital asset firms.
Read MoreOn May 13, South Korea's benchmark KOSPI index plunged over 3% to close at 7,411.84 points. Market heavyweight Samsung Electronics led the sell-off with a drop exceeding 5%, fueling concerns over economic outlook and external risks.
Read MoreMajor Asia-Pacific stock markets opened weaker on May 13th. Japan's Nikkei 225 edged lower, while South Korea's KOSPI index fell more than 1.5%. Broader macroeconomic uncertainties and regional factors are seen weighing on early investor sentiment.
Read MoreThe American banking sector has launched a major lobbying effort, flooding Senate offices with over 8,000 letters. They are urgently pressing lawmakers to refine key compromise provisions, particularly regarding yield, in the pending stablecoin regulatory framework.
Read MoreOvernight highlights spotlight rising privacy sector, dubbed a potential killer app. Institutional adoption deepens with BlackRock and JPMorgan advancing tokenized funds. CME plans AI-powered computing futures, while blockchain analytics firm Elliptic secures major funding, signaling infrastructure growth.
Read MoreThe U.S. CFTC has filed an amicus brief supporting prediction platform Kalshi against an Ohio lawsuit. The clash centers on whether such markets fall under federal jurisdiction or constitute illegal state gambling. This case highlights the growing regulatory friction between federal and state authorities over emerging prediction markets.
Read MoreGoldman Sachs analysis suggests persistent energy price shocks will keep interest rates elevated. U.S. economic resilience combined with inflation pressures underpins this view. Consequently, the U.S. dollar is expected to strengthen broadly against other major currencies.
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