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Caixin reported that most of the issuer headquarters of Hong Kong cryptocurrency ETFs are under the direct leadership of Beijingβs regulatory authorities. Therefore, experimenting with cryptocurrency in HK can be regarded as in line with Chinaβs national strategy. In the future, it does... 1/ π§΅
According to SCMP, the just-held Bitcoin Asia conference in Hong Kong attracted about 5,500 attendees, half of whom were from mainland China. Executives from Hong Kong ETF issuers confirmed that they are working to promote the mortgage financial products based on ETFs. β link
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Mark Cuban: Gary Gensler and the SEC are trying to destroy the crypto industry. SEC decided to litigate to regulate rather than make any effort to increase compliance. The cost in time and legal fees to attempt to register and comply make it impossible to realistically operate. SEC makes it so... 1/ π§΅
The Runes protocol generated $135 million in fees in its first week after the bitcoin halving, but activity has dropped dramatically since then, with May 10 being the lowest day for activity and only two times in the last twelve days generating over $1 million in fees. β link
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According to HODL15Capital monitoring data, as of May 10, global Bitcoin ETFs held a total of 949,756 Bitcoins, accounting for 4.5% of the total Bitcoin supply. U.S. spot Bitcoin ETFs bought a total of 1,318 Bitcoins this week, with GBTC being the only ETF to see outflows. β link
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Linea: we detected Sybil activity which managed to bypass issuers and attain attestations as though they are individual people. We caused us to pause distributing LXP. We're working with PoH issuers and Verax proactively to revoke attestations for addresses that are Sybils. β link
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Donald Trump said at a Wednesday night party: βIf youβre in favor of crypto youβre gonna vote for Trump because they want to end itβ. CoinDesk reported. He also blasted Biden for not even knowing what cryptocurrency is. The attitudes towards cryptocurrency between the two... 1/ π§΅
LayerZero CEO said that about 5 million addresses only sent 1 transaction and 1-5 transactions; about 4.24 million addresses had a cost of less than $10. He once said that 400k to 600k out of 6 million users is real account. But only 30k address currently identify themselves as Sybil. β... 1/ π§΅
Weekly Project Updates: Notcoin Launches on Binance, Bybit Integrates with Ethena, Eigenlayer Initiates Airdrop Claiming, etc β link
π https://wublock.substack.com/p/weekly-project-updates-notcoin-launches?r=jbpop&utm_campaign=post&utm_medium=web&triedRedirect=true
π https://wublock.substack.com/p/weekly-project-updates-notcoin-launches?r=jbpop&utm_campaign=post&utm_medium=web&triedRedirect=true
Bloomberg ETF analyst Eric Balchunas said that the U.S. SEC may reject Ethereum spot ETF on May 23, and approval may not be until the end of 2025. If Trump wins, the SEC will likely face a change in leadership that may be friendlier than Gary Gensler's. DLNews
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The address marked as Justin Sun 4 (0x176...a132) received 2.08 million EIGEN at 16:42 on May 11. This address ranked second in the deposit amount of EigenLayer. It had deposited 104,000 ETH directly to EigenLayer and 58,000 ETH through Puffer before March. β link
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According to SoSoValue, yesterday, May 10, the total net outflow of Bitcoin spot ETFs was $84.6581 million. Grayscale ETF GBTC had a net outflow of $103 million per day, BlackRock ETF IBIT had inflow of $12.4363 million, Fidelity ETF FBTC had a inflow of $5.3039 million. β link
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On May 11, the May Consumer Survey Report of the University of Michigan was released. The US Consumer Confidence Index unexpectedly dropped to 67.4 in May, hitting a six-month low. Consumer inflation expectations rose, with inflation expectations for the next year climbing from 3.2% in April to... 1/ π§΅
The phishing group that stole 1155 WBTC has completed transferring all 22,960 ETH ($66.88M) from hundreds of addresses back to the victim's address today. All the victimβs phished assets have been returned. The victim had earlier promised a 10% bounty. β link
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Federal Reserve Governor Michelle Bowman doesnβt expect the Fed to cut interest rates in 2024, citing persistent inflation in the first few months of the year. But Atlanta Fed President Bostic said the it may still cut interest rates this year, even if the timing and extent of policy easing... 1/ π§΅
The US Department of Justice (DoJ) has explained the defendant is not being prosecuted for posting computer code, βinstead, he (Tornado Cash founder) is being prosecuted for his use of it in furtherance of a profitable and illicit businessβ. β link
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The DOJ has selected Forensic Risk Alliance (FRA) as Binanceβs external regulator. The FRA will be responsible for ensuring Binance complies with the plea agreement and will gain access to the companyβs internal records, facilities and employees to report the companyβs activities... 1/ π§΅
QCP: US elections will conclude in Nov this year and historically markets tend to be bullish into elections. Specific to this election, Trump has been making crypto-friendly overtures which could illicit a a similar tone from Biden as both try to win the crypto vote. Unless the Fed clearly rules... 1/ π§΅
WuBlockchain Weekly: Trump Accepts Cryptocurrency Donations, Binance&DWF Controversy, FTX Liquidation in Progress and Top10 News β link
π https://wublock.substack.com/p/wublockchain-weekly-trump-accepts?r=jbpop&utm_campaign=post&utm_medium=web&triedRedirect=true
π https://wublock.substack.com/p/wublockchain-weekly-trump-accepts?r=jbpop&utm_campaign=post&utm_medium=web&triedRedirect=true
Bybit releases its tenth reserve certificate (May 8). Usersβ BTC assets increased by 580 BTC compared with the last time (April 3); usersβ ETH assets decreased by 8.57%, a decrease of 29,700 ETH; usersβ USDT assets increased by 13.32%, with an increase of 313 million USDT. β... 1/ π§΅
Cryptocurrency exchanges have announced donations to victims of floods in Brazil. BingX pledges to double every donation made through the platform in cryptocurrency. Binance will donate $1 million in BNB to registered Binance users living in the affected areas. Floods in Brazil have killed 107... 1/ π§΅
Binance and KuCoin have registered with Indiaβs Financial Intelligence Unit. KuCoin paid a $41,000 fine and has resumed operations. Binanceβs financial penalties are still to be determined after a hearing and it is expected to resume operations after paying the fine. β... 1/ π§΅
Harvest βdoesnβt rule outβ applying for its ETFs that invest directly in crypto tokens to be included in the connect programme that links exchanges in mainland China and Hong Kong, as long as βeverything goes smooth and wellβ in the next two years. SCMP... 1/ π§΅
In a new interview, SBF revealed that more than a dozen of the inmates he lived with were murderers. Sam still doesn't believe he's guilty of any crime. He expects to file an appeal this fall. He jokes that rice has become the prison's internal currency, with good arbitrage opportunities. β... 1/ π§΅
May 10 Options Data
18,000 BTC options are about to expire with a Put Call Ratio of 0.64, a Maxpain point of $62,000 and a notional value of $1.2 billion.
280,000 ETH options are about to expire with a Put Call Ratio of 0.74, Maxpain point of $3,050 and a notional value of $800 million. β... 1/ π§΅
18,000 BTC options are about to expire with a Put Call Ratio of 0.64, a Maxpain point of $62,000 and a notional value of $1.2 billion.
280,000 ETH options are about to expire with a Put Call Ratio of 0.74, Maxpain point of $3,050 and a notional value of $800 million. β... 1/ π§΅