An insider was involved in a DIDDY transaction, earning nearly $1 million in profit within 1 hour.

On May 9th, as monitored by on-chain analyst Yu Jin, a whale that had been shorting 115,000 SOL recently decided to close its position just before the SOL short position was about to reach the liquidation price. It sold 115,000 SOL at a price of $175, with a total closing amount of $20.13 million. As a result, it suffered a loss of $1.05 million and a loss percentage of 86%. If this position had not been closed in a timely manner, it would have faced liquidation.

On May 9th — The board member of the European Central Bank (ECB), Olli Rehn, stated that as the Eurozone economy has not yet fully felt the impact of U.S. tariffs, he anticipates that inflation will continue to decelerate. However, the ECB must further reduce interest rates. He mentioned that although economic activity initially exhibited strong performance, recent geopolitical trends, including President Trump's trade threats, have been unfavorable news. At the same time, he observed "clear anti-inflationary factors" at work. He said, "For me, the decision in June is very evident; we need to cut rates once again." He also said, "It is possible to cut rates again after June," although the timing remains unclear. Since last June, the ECB has cut rates seven times. Officials have stated that they are prepared to take more measures as U.S. tariffs pose a threat to economic growth. (FXStreet)

On May 9th, as reported by The Block, a man named Mohammed Azharuddin Chhipa from Virginia has been sentenced to 30 years in prison for using cryptocurrency to finance the Islamic State (ISIS). The Department of Justice declared that from 2019 to 2022, he raised more than $185,000 through social media and converted the funds into cryptocurrency. Then, he transferred these funds to Turkey and ultimately directed them to ISIS members inside Syria to support activities such as escape attempts, attack logistics, and the livelihood of combatants.

On May 9th, Trader James Wynn made a post on social media, saying, "Since trading on HyperLiquid this year, I have attained a total profit of $41,696,589.75 (based on on-chain data). My next objective is to reach $1 billion. It's not about the money; it's about 'leaving a legend.' It is highly unlikely for me to achieve this goal within this cycle unless I go all out and short the top. I am probably the only one with this level of wealth who is willing to use 40x leverage to add to the position and invest a substantial amount of funds."

On May 9th, according to market data, Ethereum has witnessed a weekly increase of 27.93% this week and is likely to achieve its largest weekly gain since 2021. Looking back at Ethereum's recent performance, it previously reached a 32.4% gain in a week on May 3, 2021. Additionally, in November of last year, Ethereum also saw a weekly gain of 31.38%.

On May 9th, based on HTX market data, SOL has exceeded $170 and is now trading at $171.32, with a 24-hour percentage increase of 6.71%.