A whale bought 5473.7 ETH on a FOMO chase 3 hours ago.

On May 25th, as per Reuters, the U.S. chip behemoth Nvidia is set to introduce an artificial intelligence (AI) chip based on the Blackwell architecture into the Chinese market. The price of this chip is notably lower than that of the previous H20 chip, and it is anticipated to commence mass production as early as June. The report indicates that this AI processor, which employs the latest-generation Blackwell architecture, is expected to be priced between $6,500 and $8,000, which is significantly lower than the H20. Generally, a lower price typically implies relatively weaker chip specifications and a more streamlined manufacturing process. This will be Nvidia's third instance of launching a downgraded version chip for the Chinese market in compliance with U.S. regulatory requirements. The U.S. government recently prohibited Nvidia from selling the H20 chip based on the Hopper architecture to China.

On May 25th, due to the Memorial Day holiday, the US stock market will be closed on May 26th (next Monday). Additionally, the UK stock market will also be closed on the same day for the Spring Bank Holiday. The trading of CME's precious metals and US oil futures contracts will conclude early at 02:30 on May 27th in Beijing time, and the stock index futures contracts will end early at 01:00 on May 27th in Beijing time. Meanwhile, ICE's Brent crude oil futures contracts will finish early at 01:30 on May 27th in Beijing time. Investors are kindly requested to take note. (FX168)

On May 25th, as monitored by @ai_9684xtpa, James Wynn established a 40x short position in BTC. He holds 1038.71 BTC, which is valued at 112 million US dollars. The entry price is 107,711.1 US dollars and the liquidation price is 149,100 US dollars. In previous news, this morning James Wynn closed a 1.2 billion US dollar long position in BTC, with a single loss of approximately 13.39 million US dollars.

On May 25th, based on DefiLlama data, the DEX trading volume on the BSC chain in the past week reached $555.86 billion, with a 133% increase. Moreover, the weekly trading volume on the DEX of the Solana chain was $227.71 billion, showing a 14.84% decrease. Meanwhile, the weekly trading volume on the DEX of the Ethereum chain was $194.13 billion, with a 20.52% increase.

On May 25th, according to Bloomberg, Paolo Ardoino, the CEO of Tether, said that although the US is advancing stablecoin legislation, Tether will still focus on international markets and pay attention to the impact of the "Genius Bill" on foreign issuers. He disclosed that the company is considering issuing a compliant stablecoin to attract institutional investors and is currently in discussions with the Big Four auditing firms for a formal audit. The current review is being handled by BDO Italy. Regarding the plan for large banks to jointly issue a stablecoin, Ardoino stated that Tether's customer base consists of the 3 billion unbanked people worldwide and is not worried about competition.

On May 25th, according to Token Terminal data, the usage of USDC on Ethereum has achieved a brand new record high. The outstanding supply amounts to approximately $4 billion. The monthly transfer amount of USDC is about $635 billion, and there are around 7.2 million transfers per month.