A whale has once again converted 100 WBTC to 3855 ETH, at an exchange rate of 0.0252.

On May 14th, the Solana-based AI Computing Power Project BAYC AI announced that its AI Power Satellite, named BAYC #7573, has been successfully launched via a rocket. This marks the official entry of the project into the satellite-based Web3 computing power network exploration stage. The satellite is equipped with an AI computing module that will provide computing power support for distributed AI training tasks. It will also incentivize community participation and governance through the BAYC AI token mechanism, exploring the form of a blockchain-based computing power network. The BAYC AI project combines MEME elements on Solana with AI technology, aiming to promote a community-driven Web3 participation model. As a highly representative symbol in this series, BAYC #7573, and its holders have repeatedly promoted innovation in AI applications. By naming the satellite BAYC#7573 AI, it symbolizes the deep involvement of the Web3 community in cutting-edge technology.

On May 14th, Federal Reserve's Bullard pointed out that certain aspects of April's inflation reflect the lagged characteristic of the data. The Fed remains in a wait-and-see stance. The current inflation trend will take a certain period to be reflected in the data. It is currently a time for the Fed to await more information and make efforts to eliminate data noise. (FXStreet)

On May 14th, Daniel Schatt, the former CEO of the bankrupted crypto lending service platform Cred, and Joseph Podulka, the former CFO, pleaded guilty in the California District Court. They admitted to intentionally misleading customers in 2020 about the company's financial condition and loan operations. As a result, customers lost up to $150 million in cryptocurrency. Judge William Alsup accepted the plea agreement. A sentencing hearing is scheduled for August 26th. At that time, the two individuals may face imprisonment of up to 72 months and 62 months respectively. Cred filed for bankruptcy in October 2020, with more than 6,000 claims from customers totaling more than $140 million.

On May 14th, Ki Young Ju, the founder and CEO of CryptoQuant, posted on the X Platform, indicating that all three major presidential candidates in South Korea are in favor of Bitcoin spot ETF and institutional investment. Presently, in South Korea, Bitcoin ETF and institutional investment are still prohibited, and 100% of the market's trading volume is derived from retail investors.

On May 14th, based on HTX market data, Bitcoin fell below $103,000, with a 0.01% decline in the past 24 hours.

On May 14th, as per an official announcement, Binance will provide support for the EOS (EOS) token swap and rebrand it to Vaulta (A). Binance will suspend trading and delist all existing EOS spot trading pairs (EOS/BTC, EOS/ETH, EOS/FDUSD, EOS/TRY, EOS/USDC, and EOS/USDT) at 11:00 (UTC+8) on May 26, 2025, and will automatically cancel all orders. The A/BTC, A/ETH, A/FDUSD, A/TRY, A/USDC, and A/USDT spot trading pairs will commence trading at 16:00 (UTC+8) on May 28, 2025.