A certain user deposited 3.36 million U to Hyperliquid to open a 25x ETH short position, with a liquidation price of $2,247

On May 9th, Bitget announced a strategic partnership with SWEAT. The goal of this partnership is to lower the barrier for Web2 users to enter Web3 together and bridge the gap between virtual and reality. This partnership was officially unveiled at the 2025 Dubai Esports Festival (DEF), and on-site activities showcased an innovative model of "Earn Crypto While Exercising" through fun interactive experiences. From Dubai Airport to Sheikh Zayed Road, city landmark advertisements convey the partnership's vision with the slogan "Walk into Crypto—Step. Sweat. Score."

On May 9th, according to official channels, Gate.io is set to launch DOOD spot trading and perpetual contract trading (settled in USDT) starting from 21:05 on May 9th (UTC+8), with support for 1-50x leverage.

On May 9th, the Bitcoin Layer2 solution Merlin Chain announced the release of AIOS Merlin Wizard 0.3. This version integrates three major AI interaction modules, Swap, Stake, and Bridge for the first time. It is reported that the Merlin Wizard v0.3 workflow adopts the MCP protocol. It can analyze user context in real time, identify user intentions, and automatically generate interaction logic. This allows users to complete complex on-chain operations with simple commands. This approach says goodbye to the cumbersome interface of traditional DEX and the high learning curve of cross-chain transactions, further reducing the entry barrier for the Bitcoin ecosystem. Previously reported, Merlin Chain partnered with WBTC DAO and will continue to promote smart interactions between Bitcoin and other chain ecosystems. The Wizard will also explore more possibilities of MCP and LLM in Web3 applications. By leveraging its AI interaction capabilities, it focuses on solving the interoperability chal

On Thursday, via email, Geoffrey Kendrick, the Head of Digital Assets at Standard Chartered Bank, shared a somewhat joking comment with clients. He said, "I apologize that my forecast for Bitcoin to reach $120,000 in the second quarter might be on the lower side." Last month, in a report, Kendrick wrote that he anticipates Bitcoin to set a new all-time high of approximately $120,000 in the second quarter of 2025. He cited reasons such as "strategic asset reallocation from US assets" and "whale accumulation." He further stated, "We expect these supporting factors to propel Bitcoin to a new historical high of around $120,000 in the second quarter, and the upward trend will continue throughout the summer, bringing Bitcoin close to our year-end target of $200,000." On Thursday, Kendrick indicated that his previous $120,000 Bitcoin price prediction now "appears to be very attainable," and perhaps this target is even too conservative. The Standard Chartered Bank analyst said, "Bitcoin's ma

On May 9th, based on HXT market data, Ethereum experienced a sharp 4% decline. It briefly dropped below $2,300 and is currently priced at $2,312.